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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) September 10, 1996
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McNEIL REAL ESTATE FUND V, LTD.
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(Exact name of registrant as specified in its charter)
California 0-8229 94-6356980
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(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
13760 Noel Road, Suite 700, LB70, Dallas, Texas, 75240
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code (972) 448-5800
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
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On September 11, 1996, McNeil Real Estate Fund V, Ltd. (the "Partnership") sold
to BRE Properties, Inc., an unaffiliated buyer, Sycamore Valley Apartments (the
"Property"), an apartment complex located in Fountain Valley, California, for a
cash purchase price of $23,085,000. Net cash proceeds to the Partnership, after
payment of $11,832,251 on the first mortgage note and various closing
prorations, amounted to $11,252,749.
ITEM 5. OTHER EVENTS
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On September 10, 1996, at a special meeting of limited partners, the limited
partners approved (i) the authorization of the general partner of the
Partnership to sell the Sycamore Valley Apartments, which constitutes
substantially all of the assets of the partnership; and (ii) the dissolution of
the Partnership upon sale of the Property and authorization for the general
partner to liquidate and terminate the Partnership. Of the 18,223 limited
partnership units issued and outstanding, 10,831.66 and 11,942.41 positive votes
were received for proposal (i) and (ii), respectively. 4,322.75 negative votes
were received while 869 votes abstained for the two proposals.
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McNEIL REAL ESTATE FUND V, 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 V, LTD.
September 23, 1996 By: /s/ Brandon K. Flaming
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Date Brandon K. Flaming
Chief Accounting Officer of McNeil Real
Estate Management, Inc.
