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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of Report: May 11, 1999
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UNIVERSITY REAL ESTATE PARTNERSHIP V
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(Exact name of registrant as specified in its charter)
California 95-3240567
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
2001 Ross Avenue, Suite 4600, Dallas, Texas 75201
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(Address of principal executive offices) (Zip code)
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(Former address, if changed since last report)
Registrant's telephone number, including area code (214) 740-2200
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OTHER EVENTS.
(a) On March 31, 1999, The Washington Towne Apartments property was sold for
$4,100,000.00. After repayment of the mortgage debt and payment of ordinary
and customary closing costs, the Partnership received cash of
$1,914,994.14. It is estimated that the gain on sale to the Partnership is
$1,818,713.63. Proceeds from the sale are currently held by a qualified
third party intermediary pending the identification of a replacement
property to complete a tax-free exchange pursuant to Section 1031 of the
Internal Revenue Code of 1986 as amended. There can be no assurance that
the General Partner will be able to find a suitable replacement property to
facilitate completion of the tax-free exchange.
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(b) UNIVERSITY REAL ESTATE PARTNERSHIP V
SIGNATURE PAGE
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.
UNIVERSITY REAL ESTATE PARTNERSHIP V
By: UNIVERSITY ADVISORY COMPANY
General Partner
By: OS GENERAL PARTNER COMPANY
May 11, 1999 By: /s/ Curtis R. Boisfontaine, Jr.
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Date Curtis R. Boisfontaine, Jr.
Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed below by the following persons on behalf of the registrant and
in the capacities and on the dates indicated.
May 11, 1999 By: /s/ Curtis R. Boisfontaine, Jr.
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Date Curtis R. Boisfontaine, Jr. President, Principal
Executive Officer and Director OS General
Partner Company
May 11, 1999 By: /s/ David K. Ronck
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Date David K. Ronck
Vice President and Chief Accounting Officer
OS General Partner Company
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UNIVERSITY REAL ESTATE PARTNERSHIP V
SIGNATURE PAGE
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.
UNIVERSITY REAL ESTATE PARTNERSHIP V
By: UNIVERSITY ADVISORY COMPANY
General Partner
By: OS GENERAL PARTNER COMPANY
May 11, 1999 By: /s/ Curtis R. Boisfontaine, Jr.
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Date Curtis R. Boisfontaine, Jr.
Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed below by the following persons on behalf of the registrant and
in the capacities and on the dates indicated.
May 11, 1999 By: /s/ Curtis R. Boisfontaine, Jr.
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Date Curtis R. Boisfontaine, Jr. President, Principal
Executive Officer and Director OS General
Partner Company
May 11, 1999 By: /s/ David K. Ronck
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Date David K. Ronck
Vice President and Chief Accounting Officer
OS General Partner Company
