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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) June 30, 1999
Winthrop Partners 81 Limited Partnership
(Exact Name of Registrant as Specified in Its Charter)
Massachusetts
(State or Other Jurisdiction of Incorporation)
0-10404 04-2720480
(Commission File Number) (I.R.S. Employer Identification No.)
5 Cambridge Center, 9th Floor, Cambridge, Massachusetts 02142
(Address of Principal Executive Offices) (Zip Code)
(617) 234-3000
(Registrant's Telephone Number, Including Area Code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
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Item 2. Acquisition or Disposition of Assets
On June 30, 1999, the Registrant sold its last remaining property which
was located in Columbus, Ohio to an unaffiliated third party for a purchase
price of $1,020,000. Net proceeds to the Registrant, after satisfaction of
closing costs, were approximately $925,000. It is expected that the sale will
generate a gain of approximately $400,000 for financial reporting purposes and
approximately $550,000 for tax purposes. However, it is expected that all or a
significant portion of this gain will be offset by a loss associated with the
liquidation of the Registrant. In addition, it is expected that all or a portion
of the net proceeds will be distributed to the Registrant's partners during the
third quarter of 1999.
As a result of this sale, all of the Registrant's assets have been
liquidated and, pursuant to the terms of the Registrant's agreement of limited
partnership, the Registrant will be dissolved.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(b) Pro Forma Financial Information:
The required pro forma financial information is omitted as the
Columbus, Ohio property was the Registrant's remaining asset. Accordingly, the
Registrant would not have had any operations without such property.
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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 this 1st day of July, 1999.
WINTHROP PARTNERS 81 LIMITED
PARTNERSHIP
By: ONE WINTHROP PROPERTIES, INC.
Managing General Partner
By: /s/ Michael L. Ashner
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Michael Ashner
Chief Executive Officer
