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) June 18, 1996
BALCOR PENSION INVESTORS-VI
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Exact Name of Registrant
Illinois 0-14332
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State or other jurisdiction Commission file number
2355 Waukegan Road
Suite A200
Bannockburn, Illinois 36-3319330
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Address of principal I.R.S. Employer
executive offices Identification
Number
60015
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Zip Code
Registrant's telephone number, including area code:
(847) 267-1600
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ITEM 5. OTHER INFORMATION
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a) Hawthorne Heights Apartments
As previously reported in the Partnership's Current Report on Form 8-K dated
June 18, 1996, on May 20, 1996, the Partnership contracted to sell Hawthorne
Heights Apartments, Indianapolis, Indiana, to an unaffiliated party, New Plan
Realty Trust, a Massachusetts business trust. The sale closed June 18, 1996.
From the proceeds of the sale, the Partnership paid closing costs of $19,400
and $207,125 to an unaffiliated party as a brokerage commission. The
Partnership received approximately $8,073,000 representing the remaining
proceeds. Of such proceeds, $250,000 will be retained by the Partnership and
will not be available until 120 days after closing. Neither the General
Partner nor its affiliates received a brokerage commission in connection with
the sale of the property. The General Partner will be reimbursed by the
Partnership for its actual expenses incurred in connection with the sale.
b) Shoal Run Apartments
As previously reported in the Partnership's Current Report on Form 8-K dated
June 18, 1996, on May 31, 1996, the Partnership contracted to sell Shoal Run
Apartments, Birmingham, Alabama for a sale price of $12,000,000. On June 18,
1996, the purchaser exercised its option to terminate the agreement of sale and
a closing of the sale will not occur. Pursuant to the agreement of sale, the
$120,000 in earnest money previously deposited and interest accrued thereon
will be returned to the purchaser.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
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(a) FINANCIAL STATEMENTS AND EXHIBITS:
None
(B) PRO FORMA FINANCIAL INFORMATION:
None
(C) EXHIBITS:
(99) Letter of Termination dated June 18, 1996 relating to the sale
of the Shoal Run Apartments, Birmingham, Alabama.
No information is required under Items 1, 2, 3, 4, 6 and 8 and these items
have, therefore, been omitted.
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Signature
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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.
BALCOR PENSION INVESTORS-VI
By: Balcor Mortgage Advisors-VI, an Illinois
general partnership, its general partner
By: The Balcor Company, a Delaware corporation,
a partner
By: /s/ Jerry M. Ogle
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Jerry M. Ogle, Vice President
and Secretary
Dated: June 25, 1996
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LAW OFFICES
APPERSON, CRUMP, DUZANE & MAXWELL, PLC
1755 KIRBY PARKWAY, SUITE 100
MEMPHIS, TENNESSEE 38120-4376
901/756-6300
June 18, 1996
VIA FACSIMILE (847) 317-4482
AND CERTIFIED MAIL
Ilona Adams
The Balcor Company
Bannockburn Lake Office Plaza
2355 Waukegan Road
Suite A200
Bannockburn, IL 60015
Re: The Balcor Company and Related Entities Agreements of Sale to Mid-
America Apartments, L.P.
Dear Ms. Adams:
This will advise you that pursuant to paragraph 7(c) of the Agreements of Sale
dated as of May 31, 1996 relating to the properties listed on the attached
schedule ("Contracts"), Mid-America Apartments, L.P. hereby exercises its right
to terminate the Contracts effective immediately. On behalf of my client, I
have requested from Lawyers Title Insurance Corporation a return of the Earnest
Money deposited therewith and any interest earned thereon.
If anything remains to be done or if you have any questions, please do not
hesitate to give me a call.
Yours sincerely,
/s/John B. Maxwell
John B. Maxwell, Jr.
JBM/sh
Enclosure
cc: Don Aldridge (via facsimile and hand delivery)
Alan Lieberman (via facsimile and certified U.S. Mail)
Daniel J. Perlman (via facsimile and certified U.S. Mail)
Kathleen S. Campbell (via facsimile and certified U.S. Mail)
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BALCOR PROPERTIES
1. Sun Ridge Apartments, Oklahoma City, Oklahoma
2. Heather Ridge Apartments, Oklahoma City, Oklahoma
3. Creekwood I Apartments, Tulsa, Oklahoma
4. Creekwood II Apartments, Tulsa, Oklahoma
5. Steeplechase Apartments, Lexington, Kentucky
6. Quail Lakes Apartments, Oklahoma City, Oklahoma
7. Marbrisa Apartments, Tampa, Florida
8. Shoal Run Apartments, Birmingham, Alabama
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