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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
MCNEIL REAL ESTATE FUND XI, LTD.
(Name of Issuer)
UNITS OF LIMITED PARTNERSHIP INTERESTS
(Title of Class of Securities)
------------------------
(CUSIP Number)
May 1, 1999
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed.
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
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SCHEDULE 13G
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CUSIP No. PAGE 2 OF 6 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Everest Properties II, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
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NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH
6 SHARED VOTING POWER
8,787 Units
7 SOLE DISPOSITIVE POWER
8 SHARED DISPOSITIVE POWER
8,787 Units
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,787 Units
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Approximately 5.5%
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12 TYPE OF REPORTING PERSON
OO
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SCHEDULE 13G
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CUSIP No. PAGE 3 OF 6 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Everest Investors 8, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
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NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH
6 SHARED VOTING POWER
8,747 Units
7 SOLE DISPOSITIVE POWER
8 SHARED DISPOSITIVE POWER
8,747 Units
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,747 Units
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Approximately 5.5%
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12 TYPE OF REPORTING PERSON
OO
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SCHEDULE 13G
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CUSIP No. PAGE 4 OF 6 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
KM Investments, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
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NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH
6 SHARED VOTING POWER
40 Units
7 SOLE DISPOSITIVE POWER
8 SHARED DISPOSITIVE POWER
40 Units
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
40 Units
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less than 0.1%
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12 TYPE OF REPORTING PERSON
OO
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ITEM 1. ISSUER.
(a) The name of the subject company is McNeil Real Estate Fund XI, Ltd.
(the "Partnership").
(b) The address of the principal executive offices of the Partnership is
13760 Noel Road, Suite 600, LB70, Dallas, TX 75240.
ITEM 2. PERSONS FILING.
(a) The persons filing this statement on Schedule 13G (the "Statement")
are Everest Investors 8, LLC and KM Investments, LLC, and their
managing member, Everest Properties II, LLC.
(b) The address of the principal place of business of each filing person
is 199 South Los Robles Avenue, Suite 440, Pasadena, California 91101.
(c) Each filing person is a California limited liability company.
(d) This Statement relates to units of limited partnership interest in the
Partnership ("Units").
(e) Not applicable.
ITEM 3. STATEMENT FILED PURSUANT TO:
If this Statement is filed pursuant to Rule 13d-1(c), check this box. [X]
ITEM 4. OWNERSHIP.
The information required by this item is incorporated herein by reference
from Items 5-11, inclusive, on the cover pages of this Statement.
ITEMS 5-9. [NOT APPLICABLE]
ITEM 10. CERTIFICATION.
By signing below, I certify that, to the best of my knowledge and belief, the
securities referred to above were not acquired and are not held for the purpose
of or with the effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purposed or effect.
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SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: May 11, 1999
EVEREST INVESTORS 8, LLC
By: EVEREST PROPERTIES II, LLC, Manager
By: /s/ DAVID I. LESSER
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David I. Lesser
Executive Vice President
KM INVESTMENTS, LLC
By: EVEREST PROPERTIES II, LLC, Manager
By: /s/ DAVID I. LESSER
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David I. Lesser
Executive Vice President
EVEREST PROPERTIES II, LLC
By: /s/ DAVID I. LESSER
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David I. Lesser
Executive Vice President