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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 of 15(d) of
the Securities Exchange Act of 1934
DATE OF REPORT AUGUST 31,1995
RWB MEDICAL INCOME PROPERTIES 1 LIMITED PARTNERSHIP
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(Exact Name of Registrant as Specified in its Charter)
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Delaware 2-92396 72-1007233
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(State of Organization) (Commission File Number) (IRS Employer Identification Number)
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7000 Central Parkway, Suite 850
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Atlanta, Georgia 30328
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(Address of Principal Executive Office)
(770) 668-1080
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(Registrant's Telephone Number, Including Area Code)
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ITEM 2. Acquisition or Disposition of Assets
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RWB Medical Income Properties 1 Limited Partnership sold its Merrillville,
Indiana property on August 31, 1995, for five million dollars ($5,000,000).
The property consisted of a 180 bed skilled nursing facility and approximately
17 acres of undeveloped land. The partnership received four million dollars
($4,000,000) in cash less closing adjustments and expenses plus a one million
dollar ($1,000,000) note due in one year at a nine percent (9%) per annum
interest rate. The purchaser of the property was Merrillville Health
Properties, L.L.C., an unrelated entity.
The proceeds received from the sale of the property will be used to pay down
existing partnership debt, make certain physical improvements to the other
partnership properties, and provide for a return of capital distribution to the
existing unit holders.
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.
RWB MEDICAL INCOME PROPERTIES 1
LIMITED PARTNERSHIP
Registrant
By: /s/ John H. Stoddard Date: September 8, 1995
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John H. Stoddard
President and Chief Financial Officer
RWB Management Corp.
Managing General Partner
