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) March 31, 1998
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McNEIL REAL ESTATE FUND XXIV, L.P.
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(Exact name of registrant as specified in its charter)
California 0-14267 74-2339537
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(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
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code (972) 448-5800
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On March 31, 1998, McNeil Real Estate Fund XXIV, L.P. (the "Partnership") sold
to Alexander Haagen Properties Operating Partnership, L.P., an unaffiliated
buyer, Southpointe Plaza, an 83,506 square foot shopping center located in
Sacramento, California, for a cash purchase price of $6,800,000. Net cash
proceeds to the Partnership, after payoff of the first mortgage note and various
closing costs, amounted to approximately $1,322,000.
Additionally, on April 1, 1998, Island Plaza, a 60,076 square foot shopping
center located in Ft. Myers, Florida, was sold to EIG Island Plaza, Limited
Partnership, an unaffiliated buyer, for a cash purchase price of $1,850,000. Net
cash proceeds to the Partnership after payment of various closing costs,
amounted to approximately $1,825,000.
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McNEIL REAL ESTATE FUND XXIV, 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 XXIV, L.P.
April 9, 1998 By: /s/ Carol A. Fahs
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Date Carol A. Fahs
Chief Accounting Officer of
McNeil Real Estate Management, Inc.
