SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 15, 1993
UNITED DOMINION REALTY TRUST, INC.
(Exact name of registrant as specified in its charter)
Virginia 1-10524 54-0857512
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation of organization) File Number) Identification No.)
10 South Sixth Street, Suite 203, Richmond, Virginia 23219-3802
(Address of principal executive offices)
Registrant's telephone number, including area code (804) 780-2691
NO CHANGE
(Former name or former address, if changed since last report)
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ITEM 2. Acquisition or Disposition of Assets
On April 15, 1994, the registrant, United Dominion Realty Trust, Inc.
(the "Trust"), acquired an apartment property from 5020 Busch Boulevard
Corporation, a Florida corporation. Following this transaction, the Trust's
acquisitions for 1994 were "significant" in the aggregate.
A brief summary of each of the Trust's 1994 acquisitions to date is set forth
below. Each property was acquired from an unrelated seller for consideration
agreed upon through arm's length bargaining. Unless stated otherwise, to the
extent that cash was utilized to complete an acquisition, the source of that
cash was the proceeds from a $75 million public sale of senior unsecured
notes in April, 1994 and bank line borrowings.
On March 4, 1994, the Trust acquired The Shire Apartments, in Raleigh,
North Carolina, from The Shire Company Limited Partnership and Shire II
Associates Limited Partnership for $13.7 million, including closing costs,
all cash. The Shire, located in Raleigh, North Carolina, is a 302 unit
garden and townhouse complex located on 37 acres, built in two phases in 1982
and 1984.
On March 10, 1994, the Trust acquired Lakewood Place Apartments, in
Tampa, Florida, from the Lakewood Partners, Ltd., a Florida limited
partnership for $12.0 million, including closing costs, all cash. Lakewood
Place is a 346 unit garden community located on 36 acres built in 1986.
On April 8, 1994, the Trust acquired River Place Apartments, in Macon,
Georgia, from Pinnacle Partners I Inc., a Georgia corporation for $8.5
million, excluding closing costs, all cash. River Place is a 240 unit garden
apartment community located on 20 acres, built in 1988.
On April 14, 1994, the Trust purchased the Lakeside North Apartments, in
Altamonte Springs, Florida, from TENN-FLA Partners, a Tennessee general
partnership. The total cost of the acquisition, excluding closing costs, was
$12.5 million. Included in the purchase was the purchase of tax exempt bonds
which will ultimately be sold and refunded to finance the purchase. Lakeside
North is a 360 unit garden apartment community located on 18 acres, built in
1984.
On April 15, 1994, the Trust acquired Palm Grove Apartments, in Tampa,
Florida from 5020 Busch Boulevard Corporation, a Florida corporation for $5.9
million, excluding closing costs, all cash. Palm Grove is a 244 unit garden
and townhouse apartment community located on 13 acres, built in two phases in
1969 and 1971.
ITEM 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Financial Statements of Businesses Acquired.
It is impracticable to provide the required financial statements at the
time of this report. However, the required financial statements will be
filed not later than 60 days after the filing of this report.
(b) Pro Forma Financial Information.
It is impracticable to provide the required pro forma financial
information at the time of this report. However, the required pro forma
financial information will be filed not later than 60 days after the filing
of this report.
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.
UNITED DOMINION REALTY TRUST, INC.
Date: April 28, 1993 /s/ James Dolphin
James Dolphin, Senior Vice President
Chief Financial Officer
Date: April 28, 1993 /s/ Jerry A. Davis
Jerry A. Davis, Vice President
Controller
