MCNEIL REAL ESTATE FUND XII LTD
8-K, 1998-04-14
OPERATORS OF NONRESIDENTIAL BUILDINGS
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                       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)      April 7, 1998
                                                  ------------------------------




                        McNEIL REAL ESTATE FUND XII, Ltd.
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)





         California                     0-10743              94-2717957
- --------------------------------------------------------------------------------
(State or other jurisdiction of         (Commission         (I.R.S. Employer
incorporation or organization)           File Number)        Identification No.)




             13760 Noel Road, Suite 600, LB70, Dallas, Texas, 75240
- --------------------------------------------------------------------------------
               (Address of principal executive offices) (Zip code)



Registrant's telephone number, including area code      (972)  448-5800
                                                    ----------------------------



<PAGE>


ITEM 2.  ACQUISITION OR DISPOSITION OF ASSETS

On April 7, 1998, McNeil Real Estate Fund XII, Ltd. (the  "Partnership") sold to
W9/PHC Real Estate  Limited  Partnership,  an  unaffiliated  buyer,  Channingway
Apartments,  a 770 unit apartment complex, located in Columbus, Ohio, for a cash
purchase  price of  $19,150,000.  Net cash  proceeds to the  Partnership,  after
payoff of the  first  mortgage  note and  various  closing  costs,  amounted  to
approximately $5,706,000.


<PAGE>


                        McNEIL REAL ESTATE FUND XII, Ltd.

                                   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 thereunto duly authorized:



                                       McNEIL REAL ESTATE FUND XII, Ltd.



  April 14, 1998                       By: /s/  Brandon K. Flaming
- ----------------------                    --------------------------------------
Date                                      Brandon K. Flaming
                                          Chief Accounting Officer of McNeil 
                                            Real Estate Management, Inc.




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