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)
February 23, 1998
E & J PROPERTIES, LTD.
a California Limited Partnership
(Exact name of registrant as specified in charter)
California
(State or other jurisdiction of incorporation)
O-9608
(Commission File Number)
94-2763152
(IRS Employer Identification Number)
2710 Gateway Oaks Drive, Suite 300 South
Sacramento, California 95833
(Address of principal executive office)
Registrant's telephone number, including area code: (916) 925-6620
ITEM 5. OTHER MATERIAL EVENTS
E & J Properties, Ltd, a California Limited Partnership, has signed a
non-binding letter of intent to sell
approximately 1,850 acres of its real estate holdings in Sacramento County,
California to AKT
Development Corporation, a California corporation. The President of AKT
Development Corporation is
Angelo K. Tsakopoulos. Under the terms of the Letter of Intent, neither party
will be bound unless and
until a mutually satisfactory Purchase and Sale Agreement has been executed by
both Buyer and Seller.
The parties are currently negotiating the terms and conditions of the Purchase
and Sale Agreement. The
purchase price set forth in the Letter of Intent is $12,825,000.00.
SIGNATURES
Pursuant to the requirement of the Securities Exchange Act of 1934, the
registrant has duly caused this
Report to be signed on its behalf by the undersigned, hereunder duly authorized.
Date: February 23, 1998
E & J PROPERTIES, LTD.
a California Limited Partnership
By: /s/ Elaine McKeon
ELAINE McKEON
General Partner
