MCNEIL REAL ESTATE FUND XX L P
8-K, 1998-05-05
REAL ESTATE
Previous: TRM COPY CENTERS CORP, PRE 14A, 1998-05-05
Next: DYCO OIL & GAS PROGRAM 1985-1 LIMITED PARTNERSHIP, 10-Q, 1998-05-05



                       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)          April 20, 1998
                                                  -----------------------------




                        McNEIL REAL ESTATE FUND XX, L.P.
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)





         California                      0-14007             33-0050225
- --------------------------------------------------------------------------------
 (State or other jurisdiction of       (Commission          (I.R.S. Employer
incorporation or organization)          File Number)         Identification No.)




             13760 Noel Road, Suite 600, LB70, Dallas, Texas, 75240
- --------------------------------------------------------------------------------
               (Address of principal executive offices) (Zip code)




Registrant's telephone number, including area code     (972)  448-5800
                                                  ------------------------------



<PAGE>

ITEM 2.  ACQUISITION OR DISPOSITION OF ASSETS

On April 20, 1998, the Partnership  received $3,615,354 in satisfaction of their
first and second lien  mortgage  loan  investments  - affiliate  secured by Fort
Meigs Plaza. The shopping center,  located in Perrysburg,  Ohio, was sold to Mr.
Harvey A. Tolson,  an  unaffiliated  buyer,  for a cash  purchase  price of $3.8
million.

On May 1, 1998,  the  Partnership  received  $2.4 million as payment in full for
both principal and interest  receivable on the mortgage loan investment  secured
by  Idlewood  Nursing  Home.  Since the  Partnership  owns an 83%  participation
interest in the note,  $408,000 of the $2.4 million settlement is payable to the
owner of the remaining 17% of the note.




<PAGE>



                        McNEIL REAL ESTATE FUND XX, L.P.

                                   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 XX, L.P.



May 5, 1998                          By:  /s/  Carol A. Fahs
- -----------------                       ------------------------
Date                                    Carol A. Fahs
                                        Chief Accounting Officer of McNeil
                                         Real Estate Management, Inc.







© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission