FORM 8-K - CURRENT REPORT
UNITED STATES
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):
April 18, 1997
CENTURY PROPERTIES FUND XI
(Exact name of registrant as specified in its charter)
California 0-8440 94-6401363
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification
Number)
One Insignia Financial Plaza
Post Office Box 1089
Greenville, South Carolina 29602
(Address of Principal Executive Office)(Zip Code)
(864) 239-1000
Registrant's telephone number, including area code
N/A
(Former name or former address, if changed since last report)
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
The Registrant sold Shadle Shopping Center on April 18, 1997. Shadle Shopping
Center was sold to Pazco, Inc., an unrelated party, for $6,600,000.
The Registrant is currently evaluating its cash needs to determine what
portion of the net proceeds may be distributed to its partners in the future.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(b) Pro forma financial information
The required pro forma financial information will be provided in the
Registrant's quarterly report on Form 10-QSB for the three month period ended
March 31, 1997.
SIGNATURE
In accordance with the requirements of the Exchange Act, the Registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
CENTURY PROPERTIES FUND XI
BY: Fox Capital Management Corporation
Managing General Partner
BY: /s/ William H. Jarrard, Jr.
William H. Jarrard, Jr.
President and Director
DATE: April 28, 1997
