REAL ESTATE ASSOCIATES LTD V
8-K, 1998-09-15
REAL ESTATE
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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, 1998
       -------------------------------------------------------------------


                        Real Estate Associates Limited V
- -------------------------------------------------------------------------------
             (Exact Name of Registrant as Specified in its Charter)


California                  005-52353                                95-3768810
- -------------------------------------------------------------------------------
(State or Other           (Commission                          (I.R.S. Employer
Jurisdiction of           File Number)                          Identification
incorporation)                                                             No.)





            9090 Wilshire Boulevard, Beverly Hills, California 90211
- -------------------------------------------------------------------------------
             (Address of Principal Executive Offices)   (Zip Code)



       (Registrant's Telephone Number, Including Area Code (310) 278-2191


- -------------------------------------------------------------------------------
        (Former Name or Former Address, If Changed Since Last Report.)


ITEM 5.     Other Events.


756117.1
<PAGE>

                                                         
            Real Estate Associates Limited V, a California limited partnership
(the "Registrant"), is filing this Current Report on Form 8-K in connection with
the filing of a press release issued on September 10, 1998 regarding the
extension of the consent solicitation period relating to the sale of certain
properties held by the Registrant.

ITEM 7.     Financial Statements, Pro Forma Financial Information and Exhibits

(c)  Exhibits.

Exhibit       Description
- -------       -----------
1             Press Release, dated September 10, 1998.



756117.1
                                        2

<PAGE>


                                   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.


                             REAL ESTATE ASSOCIATES LIMITED V,
                               a California Limited Partnership


                               By:  NATIONAL PARTNERSHIP INVESTMENT
                                    CORP., a California Corporation,
                                    a General Partner
 


                                    By:/s/ Henry C. Casden
                                       -----------------------------------------
                                        Name:   Henry C. Casden
                                        Title:  Senior Executive Vice
                                                President



Date:  September 14, 1998


756117.1
                                        3
<PAGE>


EXHIBIT INDEX


Exhibit   Description
- -------   -----------

1         Press Release, dated September 10, 1998.



756117.1
                                        4


<PAGE>

                                    Exhibit 1
                                    ---------


FOR IMMEDIATE RELEASE
- ---------------------
                                        
                                              Contact:
                                              Pat Toy
                                              National Partnership Investments
                                              (800) 666-6274
                                              Ellen A. Gulczynski
                                              MacKenzie Partners, Inc.
                                              (212) 929-5500

                 NATIONAL PARTNERSHIP INVESTMENTS CORP. EXTENDS
                   CONSENT SOLICITATION PERIOD FOR REAL ESTATE
                ASSOCIATES LIMITED AND OTHER LIMITED PARTNERSHIPS

         Beverly Hills, California - September 10, 1998 - National Partnership
Investments Corp. (NAPICO), the California-based managing general partner of
certain real estate limited partnerships, announced today the extension of eight
consent solicitation periods regarding the sale of properties held in the
following real estate limited partnerships:

                  Real Estate Associates Limited
                  Real Estate Associates Limited II
                  Real Estate Associates Limited III
                  Real Estate Associates Limited IV
                  Real Estate Associates Limited V
                  Real Estate Associates Limited VI
                  Real Estate Associates Limited VII
                  Housing Programs Limited

The consent solicitation periods scheduled to expire at 5:00 p.m., New York
City Time on Thursday, September 10, 1998, have been extended to 5:00 p.m. New
York City Time on Friday, October 9, 1998. The purpose of the extension is to
ensure that all of the limited partners have adequate time to respond to the
consent materials.

                                      # # #




756117.1
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