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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934
Date of Report (date of earliest event reported): October 3, 1997
CarrAmerica Realty, L.P.
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(Exact name of registrant as specified in its charter)
Delaware 000-22741 52-1976308
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File No.) Identification No.)
1700 Pennsylvania Avenue, N.W., Washington, D.C. 20006
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(Address of principal executive offices)
Registrant's telephone number, including area code: (202) 624-7500
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FORM 8-K
ITEM 1. Changes in Control of Registrant.
Not applicable.
ITEM 2. Acquisition or Disposition of Assets.
Not applicable.
ITEM 3. Bankruptcy or Receivership.
Not applicable.
ITEM 4. Changes in Registrant's Certifying Accountant.
Not applicable.
ITEM 5. Other Events.
On October 3, 1997, the Partnership disposed of its interest in the
First State Bank Tower, an office building with approximately 261,000 rentable
square feet, located in downtown Austin, Texas (the "Property"). The Partnership
acquired the Property on August 2, 1996 for approximately $22.0 million which
was financed through the assumption of $9.7 million in debt and the payment of
$12.3 million in cash. The property was sold for $25.6 million and the proceeds
from this sale will be used to repay indebtedness and to acquire additional
properties. The pro forma financial information included in the Partnerhsip's
Form 10/A (File No. 0-22741) contemplated the disposition of this property on
the terms set forth above.
On October 6, 1997, the Partnership acquired 2600 West Olive in
Burbank, California from 2600 West Olive Partnership, Ltd. for a purchase price
of approximately $28.5 million. The acquisition was completed through the
assumption of $19.4 million in debt, the issuance of $7.9 million in Partnership
units and the payment of $1.2 million in cash. The building contains
approximately 146,000 square feet. As of June 30, 1997, 100% of the rentable
square feet of 2600 West Olive was leased. Historical summaries of operating
revenue and expenses for this property were included in the Partnership's Form
10/A (File No. 0-22741) filed on October 1, 1997. The pro forma financial
information included in the Partnership's Form 10/A contemplated the acquisition
of this property on the terms set forth above.
ITEM 6. Resignations of Registrant's Directors.
Not applicable.
ITEM 7. Financial Statements and Exhibits.
Not applicable.
ITEM 8. Change in Fiscal Year.
Not applicable.
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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 hereto duly authorized.
Date: October 20, 1997
CARRAMERICA REALTY CORPORATION
By: /s/ Brian K. Fields
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Brian K. Fields
Chief Financial Officer
