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):
September 26, 2000
AMERICA FIRST MORTGAGE INVESTMENTS, INC.
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(Exact name of registrant as specified in its charter)
Maryland 001-13391
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(State of Formation) (Commission File Number)
13-3974868
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(IRS Employer Identification Number)
399 Park Avenue
New York, New York 10022
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(Address of principal executive offices) (Zip Code)
(212) 935-8760
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(Registrants' telephone number, including area code)
Not applicable
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(Former name or former address, if changed since last report)
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Item 2. Acquisition or Disposition of Assets.
America First Mortgage Investments, Inc., a Maryland corporation (the
"Registrant") is the sole limited partner of Owings Chase Limited Partnership,
a Maryland limited partnership (the "Partnership") holding a 99.99% interest
in the Partnership. On September 26, 2000, the Partnership sold a 234-unit
apartment complex known as Owings Chase Apartments in Pikesville, Maryland
(the "Property") to Sawyer Property Management of Maryland, Inc., a Maryland
corporation (the "Buyer") for a total sale price of approximately
$11,000,000. The purchase price was paid in cash. The Registrant intends to
reinvest the net proceeds received by it from the sale in another apartment
complex in a transaction that it expects to be able to treat as a tax-free
like-kind exchange.
The sale price for the Property was determined through arms-length negotiation
between the Partnership and the Buyer. There is no relationship between the
Partnership, its general partner, the Registrant or their respective
directors, officers or affiliates, on one hand, and the Buyer or any of its
directors, officers or affiliates on the other hand.
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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 MORTGAGE INVESTMENTS, INC.,
By /s/ Stewart Zimmerman
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Stewart Zimmerman
President and Chief Executive Officer
Dated: September 27, 2000
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