<PAGE> 1
===============================================================================
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):
JUNE 6, 1997
MCNEIL PACIFIC INVESTORS FUND 1972
<TABLE>
<S> <C> <C>
STATE OF CALIFORNIA 0-7162 94-6279375
(STATE OF ORGANIZATION) (COMMISSION FILE NO.) (IRS EMPLOYER IDENTIFICATION NO.)
</TABLE>
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
NO CHANGE
(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
===============================================================================
<PAGE> 2
ITEM 5. OTHER EVENTS.
McNeil Pacific Investors Fund 1972, California limited partnership
(the "Partnership") executed a Real Estate Sales Agreement (the "Agreement")
with Pennsylvania Realty Group, Inc., which subsequently assigned the Agreement
to Ceebraid-Signal Acquisition Corporation ("Purchaser"), to sell to the
Purchaser the property commonly known as the Palm Bay Apartments in Orlando,
Florida (the "Property"), which Property represents substantially all of the
assets of the Partnership. The gross purchase price for the Property pursuant
to the Agreement, as amended, is $6,750,000. Consummation of the sale is
subject to the satisfaction of certain conditions, including the approval of
the limited partners of the Partnership of the sale of the Property. The
Partnership presently anticipates submitting the sale for limited partner
approval at a meeting in August 1997.
If the sale of the Property is consummated, it is currently
contemplated that McNeil Partners, L.P., the general partner of the Partnership
(the "General Partner") will commence the dissolution and termination of the
Partnership. In connection with such dissolution and termination, the General
Partner will liquidate any remaining assets, repay creditors and authorize
distributions to the partners of the Partnership, including distributions of
net proceeds from the sale of the Property, in accordance with the terms of the
Partnership Agreement of the Partnership. Neither the amount nor timing of any
such distributions has been determined.
1
<PAGE> 3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
McNEIL PACIFIC INVESTORS FUND 1972
By: McNeil Partners, L.P., its General
Partner
By: McNeil Investors, Inc.,
its General Partner
By: /s/ Ron K. Taylor
---------------------------------------
Name: Ron K. Taylor
-------------------------------------
Title: President
------------------------------------
2
