SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 29, 1995
Century Properties Fund XV
(Exact Name of Registrant as Specified in Its Charter)
California
(State or Other Jurisdiction of Incorporation)
0-9680 94-2625577
(Commission File Number) (I.R.S. Employer Identification No.)
5665 Northside Drive, N.W., Atlanta, Georgia 30328
(Address of Principal Executive Offices) (Zip Code)
(404) 916-9090
(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
On December 29, 1995, Registrant sold its Farmers Lane property
located in Santa Rosa, California to an unaffiliated third party. The
purchase price for the properties was $8,750,000. The sale resulted
in a gain of $3,600,000. Net proceeds to Registrant after payment of
closing costs and existing debt were approximately $3,900,000.
Registrant expects to distribute a substantial portion of the net
proceeds to its partners in the first quarter of 1996.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits
(b) Pro Forma Financial Information:
The required pro forma financial information will be provided in
Registrant's Annual Report on Form 10-K for the year ended December 31,
1995.
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.
CENTURY PROPERTIES FUND XV
By: FOX CAPITAL MANAGEMENT
CORPORATION, its General
Partner
Date: January 9, 1996 By: /s/ Michael L. Ashner
Michael L. Ashner,
President
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