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) December 1, 1995
MRI Business Properties Fund, Ltd. II
(Exact Name of Registrant as Specified in Its Charter)
California
(State or Other Jurisdiction of Incorporation)
0-14177 94-2935565_____________
(Commission File Number) (I.R.S. Employer Identification No.)
5665 Northside Drive, N.W., Atlanta, Georgia 30328
(Address of Principal Executive Offices) (Zip Code)
(404) 916-9090
(Registrant's Telephone Number, Including Area Code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
Item 2. Acquisition or Disposition of Assets
On December 1, 1995, Minnesota California Partners, a joint venture in
which Registrant held an interest, sold the Radisson Hotel South and
Plaza Tower ("Radisson") to an unaffiliated entity. Also on December
1, 1995, the joint venture which owned the Holiday Inn Crowne Plaza
("Holiday Inn") sold this property to an unaffiliated third party.
With respect to the sale of the Radisson, Registrant received
approximately $16,500,000 from the sale. In addition, Registrant
received $993,593.99 of distributable cash from the joint venture and
anticipates receiving up to an additional $1,200,000 from outstanding
receivables. The sale resulted in a gain of approximately
$11,000,000. In addition, after a final accounting is performed by
the management company for the Radisson additional amounts may be
payable to Registrant.
With respect to the sale of the Holiday Inn, MRI Ravinia Associates,
L.P. ("Ravinia"), a limited partnership in which Registrant has a 50%
interest, received $5,000,000 from the net proceeds of the sale. The
sale resulted in a gain to Registrant of approximately $3,000,000. In
addition, after a final accounting is performed by the management
company for the Holiday Inn additional amounts may be payable to
Registrant.
As a result of the foregoing sales, all of Registrant's assets have
been liquidated. Accordingly, after establishing sufficient reserves,
Registrant will be dissolved and its cash will be distributed to its
partners in accordance with Registrant's partnership agreement. It is
expected that final distributions will be made during the second
quarter of fiscal 1996.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits
(b) Pro Forma Financial Information:
The required pro forma financial information will be provided in
Registrant's Annual Report on Form 10-K for the fiscal year ended
September 30, 1995.
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.
MRI BUSINESS PROPERTIES FUND, LTD. II
By: Montgomery Realty Company 84,
its General Partner
By: Fox Realty Investors,
its Managing Partner
By: NPI Equity Investments II, Inc.,
its Managing partner
Date: December 11, 1995 By: /s/ Michael L. Ashner
Michael L. Ashner,
President
