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): December 18, 1995
USP REAL ESTATE INVESTMENT TRUST
(Exact name of registrant as specified in its charter)
Iowa 0-7589 42-6149662
(State or other jurisdiction (Commission File (IRS Employer
of incorporation) No.) Identification No.)
4333 Edgewood Road N.E., 52499
Cedar Rapids, Iowa (Zip Code)
(Address of principal
executive offices)
Registrant's telephone number, including area code: (319) 398-8975
N/A
(Former name or former address, if changed since last
report)
Exhibit Index on Page 4
Page 1
Item 5. Other Events.
On December 18, 1995, USP Real Estate Investment Trust
issued a press release, incorporated herein by reference to
Item 7(c) of this report, and included as an exhibit hereto.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
(99) News release dated December 18, 1995.
Page 2
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.
USP REAL ESTATE INVESTMENT TRUST
/s/ Alan F. Fletcher
Alan F. Fletcher
Vice President and Treasurer
(principal financial officer)
/s/ Roger Schulz
Roger Schulz
Controller
(principal accounting officer)
Dated: January 18, 1996
Page 3
EXHIBIT INDEX
Exhibit
Item Title or Description Page
99 News Release dated December 18, 1995 5
Page 4
CONTACT: Alan F. Fletcher
Vice President and Treasuer
(319) 398-8849
Jeffry Dixon
Director of Investor Relations
(319) 398-8083
FOR IMMEDIATE RELEASE
USP UPDATE ON POTENTIAL SALE
CEDAR RAPIDS, IOWA--December 18, 1995--Earlier this year,
USP Real Estate Investment Trust announced that it had begun
exploring alternatives to maximize shareholder value,
including a possible business combination or sale of assets.
The Trust announced in July that it had received an offer to
acquire all of its assets for a price equivalent to $5.75
per share, less costs required to complete the transaction.
During this period, the Trust also participated in
preliminary discussions with a number of other potential
buyers. The offer and other discussions were subject to
financing and further due diligence, as well as ongoing
negotiations of contractual terms and legal structure. The
prospective buyers and the Trust have been unable to agree
on the terms, conditions and contingencies of a specific
transaction. The Trust will continue to consider other
potential transactions which will serve to maximize
shareholder value. There is no assurance that any
transaction will be consummated.
USP Real Estate Investment Trust is headquartered in Cedar
Rapids, Iowa and managed by AEGON USA Realty Advisors, Inc.
Trust shares are traded over-the-counter by the symbol
USPTS.
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