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OMB APPROVAL
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OMB Number: 3235-0058
Expires: June 30, 1991
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SEC FILE NUMBER
0-10831
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CUSIP NUMBER
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One):[_] Form 10-K [_] Form 20-F [_] Form 11-K [X] Form 10-Q
[_] Form N-SAR
For the Period Ended: JUNE 30, 1994
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[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended:
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Read Instructions (on back page) Before Preparing Form. Please Print or Type.
NOTHING IN THIS FORM SHALL BE CONSTRUED TO IMPLY THAT THE COMMISSION HAS
VERIFIED ANY INFORMATION CONTAINED HEREIN.
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If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
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PART I -- REGISTRANT INFORMATION
CONSOLIDATED CAPITAL INSTITUTIONAL PROPERTIES
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Full Name of Registrant
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Former Name if Applicable
5520 LBJ FREEWAY, SUITE 430
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Address of Principal Executive Office (Street and Number)
DALLAS, TEXAS 75240
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City, State and Zip Code
PART II -- RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)
(a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
(b) The subject annual report, semi-annual report, transition report on
Form 10-K, Form 20-F, 11-K, Form N-SAR, or portion thereof, will be
[X] filed on or before the fifteenth calendar day following the
prescribed due date; or the subject quarterly report of transition
report on Form 10-Q, or portion thereof will be filed on or before
the fifth calendar day following the prescribed due date; and
(c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
PART III -- NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period. (Attach Extra Sheets if Needed)
CONCAP EQUITIES, INC. ("CEI") IS THE GENERAL PARTNER OF THE PARTNERSHIP
AND 13 AFFILIATED PUBLIC PARTNERSHIPS. SEVERAL OF THE AFFILIATED
PARTNERSHIPS HAVE HAD INCREASED REPORTING REQUIREMENTS IN THE PAST YEAR.
AS A RESULT, CEI IS UNABLE TO FILE THE PARTNERSHIP'S QUARTERLY REPORT
WITHIN THE PRESCRIBED TIME PERIOD.
(Attach Extra Sheets if Needed)
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PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
PATRICIA L. CAMPBELL 214 702-3200
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports under Section 13
or 15(d) of the Securities Exchange Act of 1934 or
Section 30 of the Investment Company Act of 1940
during the preceding 12 months (or for such
shorter period that the registrant was required
to file such reports) been filed? If answer is no,
identify report(s). [X] Yes [_] No
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(3) Is it anticipated that any significant change in
results of operations from the corresponding period
for the last fiscal year will be reflected by the
earnings statements to be included in the subject
report or portion thereof? [X] Yes [_] No
If so, attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.
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CONSOLIDATED CAPITAL INSTITUTIONAL PROPERTIES
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date AUGUST 15, 1994 By /s/ PATRICIA L. CAMPBELL
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PATRICIA L. CAMPBELL
VICE PRESIDENT
INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly authorized representative. The name and title of the person
signing the form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the registrant by an authorized representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.
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INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).
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GENERAL INSTRUCTIONS
1. This form is required by Rule 12b-25 (17 CFR 240.12b-25) of the General
Rules and Regulations under the Securities Exchange Act of 1934.
2. One signed original and four conformed copies of this form and amendments
thereto must be completed and filed with the Securities and Exchange
Commission, Washington, D.C. 20549, in accordance with Rule 0-3 of the
General Rules and Regulations under the Act. The information contained in or
filed with the form will be made a matter of public record in the Commission
files.
3. A manually signed copy of the form and amendments thereto shall be filed
with each national securities exchange on which any class of securities of
the registrant is registered.
4. Amendments to the notifications must also be filed on form 12b-25 but need
not restate information that has been correctly furnished. The form shall be
clearly identified as an amended notification.
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CONSOLIDATED CAPITAL INSTITUTIONAL PROPERTIES
FORM 12b-25
PART IV - OTHER INFORMATION
ITEM 3.
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<TABLE>
FOR THE THREE MONTHS FOR THE SIX MONTHS
ENDED JUNE 30, ENDED JUNE 30,
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1994 1993 1994 1993
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(in thousands) (in thousands)
<S> <C> <C> <C> <C>
Total revenues....................... $ 930 $1,322 $1,885 $3,492
Total costs and expenses............. (364) (483) (750) (982)
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Income from operations............... 566 839 1,135 2,510
Other income......................... - - 56 -
Gain on sale of investments.......... - - - 17
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Net income (loss).................... $ 566* $ 839 $1,191 $2,527
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* As currently estimated.
Significant Changes in Results of Operations
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For the three and six months ended June 30, 1994, net income decreased $273,000
and $1.3 million, respectively, from 1993 primarily because Master Loan payments
made by Consolidated Capital Equity Partners ("CCEP") decreased $370,000 and
$1.5 million for the three and six months ended June 30, 1994. CCEP's Master
Loan payment decreased because CCEP made advances of $589,000 on the note
receivable secured by the Carlton House Apartment and Office Building ("Carlton
House") to pay Carlton House's real estate taxes in order to protect its
interest in the note receivable. The remainder of the decrease in Master Loan
payments is primarily attributable to increased refurbishments and replacements
and an increase in general property expenses on the CCEP properties securing the
Master Loan.
