SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
January 11, 2000
AMERICA FIRST APARTMENT INVESTORS, L.P.
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(Exact name of registrant as specified in its charter)
Delaware 0-20737
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(State of Formation) (Commission File Number)
47-0797793
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(IRS Employer Identification Number)
Suite 400, 1004 Farnam Street
Omaha, Nebraska 68102
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(Address of principal executive offices) (Zip Code)
(402) 444-1630
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(Registrant's telephone number, including area code)
Not applicable
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(Former name or former address, if changed since last report)
Item 5. Other Events
On January 11, 2000, the Registrant issued a press release announcing that it
had been authorized by the board of managers of its general partner to buy
back up to $1,000,000 of its limited partnership interest in open market
purchases. The Registrant intends to finance the purchase of its limited
partnership units out of operating cash flow. Upon acquisition by the
Registrant, such limited partnership units will be terminated.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
99. Press Release of Registrant, dated January 11, 2000.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
AMERICA FIRST APARTMENT
INVESTORS, L.P.
By America First Capital Associates
Limited Partnership Four,
General Partner of the Registrant
By America First Companies L.L.C,
General Partner of America First
Capital Associates Limited Partnership Four
By /s/ Michael Thesing
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Michael Thesing, Vice President
and Principal Financial Officer
Dated: January 11, 2000
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Exhibit 99
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PRESS RELEASE FOR IMMEDIATE RELEASE
JANUARY 11, 2000 NEW YORK METRO DISTRIBUTION
CONTACT: Maurice E. Cox, Jr. SYMBOL: APROZ (NASDAQ)
402/444-1630
AMERICA FIRST APARTMENT INVESTORS, L.P.
ANNOUNCES STOCK REPURCHASE
(Omaha, NE) America First Apartment Investors, L.P. (APROZ - NASDAQ)
announced today that it has been authorized to buy up to $1 million of its
limited partnership units as they become available in the open market from
time to time. Units purchased by the Fund will be cancelled. The Fund
believes that its units represent a good value and that reducing the number of
outstanding units will have a positive earnings impact on the remaining
units. The Fund intends to finance the purchase of units out of operating
cash flow.
The Fund, a NASDAQ-listed limited partnership, owns and manages 13 apartment
complexes containing a total of 2,959 apartment units that are located
primarily in the southeastern part of the United States. The Fund currently
pays a quarterly distribution at an annualized rate of $.90 per unit. For
more information, contact Joe Grego at 1-212/935/8760 or Maurice Cox at
1-800/283-2357, or visit our web site at www.am1st.com.
01-236572.01
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