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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) November 21, 1996
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DAMSON/BIRTCHER REALTY INCOME FUND - I
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(Exact name of registrant as specified in its charter)
Pennsylvania
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(State or other jurisdiction of incorporation or organization)
0-13563 13-3264491
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Commission File Number (I.R.S. Employer Identification No.)
27611 La Paz Road, P.O. Box A-1, Laguna Niguel, California 92677-0100
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(Address of principal executive offices) (Zip Code)
(714) 643-7700
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(Registrant's telephone number, including area code)
N/A
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(Former name, former address and former fiscal year,
if changed since last report.)
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DAMSON/BIRTCHER REALTY INCOME FUND-I
ITEM 5. OTHER EVENTS.
On November 21, 1996, Damson/Birtcher Realty Income Fund-I (the
"Partnership") sold Arlington Executive Plaza, a complex composed of seven
identical 10,428 (total 72,997) square foot, single-story office buildings
located on 7.2 acres of land in Arlington Heights, Illinois, to Arlington
Atrium L.L.C. The sale price was $3,041,250. Net proceeds of the sale to
the Partnership, after payment of commissions, closing costs and prorated
expenses, were $2,699,042. The net proceeds from the sale will be utilized
to: (1) pay off the outstanding debt of $700,000 secured by Ladera-I Shopping
Center; (2) replenish Partnership capital reserves ($500,000); and (3) make a
special distribution of $1,500,000 to the Limited Partners in December
1996.
The General Partner was not paid a commission or disposition fee as
part of this transaction.
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DAMSON/BIRTCHER REALTY INCOME FUND-I
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.
DAMSON/BIRTCHER REALTY INCOME FUND-I
By: DAMSON/BIRTCHER PARTNERS By: BIRTCHER PARTNERS,
(General Partner) a California general partnership
By: BIRTCHER INVESTMENTS,
a California general partnership,
General Partner of Birtcher Partners
By: BIRTCHER LIMITED,
a California limited partnership,
General Partner of Birtcher
Investments
By: BREICORP,
a California corporation,
formerly known as Birtcher
Real Estate Inc., General
Partner of Birtcher Limited
Date: November 27, 1996 By: /s/ Robert M. Anderson
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Robert M. Anderson
Executive Director
BREICORP
By: LF Special Fund II, L.P.,
a California limited partnership
By: Liquidity Fund Asset Management, Inc.,
a California corporation, General
Partner of LF Special Fund II, L.P.
Date: November 27, 1996 By: /s/ Brent R. Donaldson
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Brent R. Donaldson
President
Liquidity Fund Asset Management, Inc.
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