U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
Commission File No. 0-14453
(Check One): [ X ] Form 10-K or Form 10-KSB [ ] Form 11-K [ ] Form 20-F
[ ] Form 10-Q or Form 10-QSB [ ] Form N-SAR
For Period Ended: January 1, 2000
[ ] Transition Report on Form 10-K or Form 10-KSB
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q or Form 10-QSB
[ ] Transition Report on Form N-SAR
For the Transition Period Ended: Not Applicable
Read attached instruction sheet before preparing form. Please print or
type.
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates: Not Applicable
Part I
Registrant Information
Full Name of Registrant: National Real Estate Limited Partnership Income
Properties
Former Name if Applicable: Not Applicable
Address of Principal Executive Office (Street and Number): 1155 Quail Court
City, State and Zip Code: Pewaukee, Wisconsin 53072-3703
Part II
Rules 12b-25(b) and (c)
If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check box if appropriate)
<TABLE>
<S> <C> <C>
(a) The reason described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
X (b) The subject annual report, semiannual report,
transition report on Form 10-K, Form 10-KSB, Form 20-F, Form 11-K
or Form N-SAR, or portion thereof will be filed on
or before the fifteenth calendar day following the prescribed
due date; or the subject quarterly report or transition report on
Form 10-Q or Form 10-QSB, or portion thereof will be filed on
or before the fifth calendar day following the prescribed due
date; and
(c) The accountant's statement or other exhibit required by
Rule 12b-25(c) has been attached if applicable.
</TABLE>
Part III
Narrative
State below in reasonable detail the reasons why Form 10-K, 10-KSB,
11-K, 20-F, 10-Q, 10-QSB, N-SAR or the transition report portion
thereof could not be filed within the prescribed time period.
(Attach extra sheets if needed.)
The registrant could not file its annual report on Form 10-KSB for the
year ended December 31, 1999 on the prescribed filing date for the following
reasons:
The schedule for the audit of the financial statements was
delayed by a change of auditors in January 2000. In addition,
the Partnership was named as a party to pending litigation in
March 2000. Due to uncertainty relating to this litigation, the
Partnership does not believe it can finalize the disclosure in
its Form 10-KSB by the prescribed filing date.
Part IV
Other Information
(1) Name and telephone number of person to contact in regard to this
notification:
John Vishnevsky, General Partner 262-695-1400
(2) Have all other periodic reports required under section 13 or 15(d) of
the Securities Exchange Act of 19034 or section 30 of the Investment Company
Act of 1940 during the preceding 12 months or for such shorter period that
the registrant was required to file such report(s) been filed? If the answer
is no, identify report(s).
[x] Yes [ ] No
(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected by
the earnings statements to be included in the subject report or portion
thereof?
[ ] Yes [x] No
National Real Estate Limited Partnership Income Properties has caused this
notification to be signed on its behalf by the undersigned thereunto duly
authorized.
Dated this 30th day of March, 2000.
NATIONAL REAL ESTATE LIMITED
PARTNERSHIP INCOME PROPERTIES
BY
--------------------------------------
John Vishnevsky, President and Chief
Operating and Executive Officer
National Development and
Investment, Inc.
Corporate General Partner
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
Commission File No. 0-14453
(Check One): [ X ] Form 10-K or Form 10-KSB [ ] Form 11-K [ ] Form 20-F
[ ] Form 10-Q or Form 10-QSB [ ] Form N-SAR
For Period Ended: January 1, 2000
[ ] Transition Report on Form 10-K or Form 10-KSB
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q or Form 10-QSB
[ ] Transition Report on Form N-SAR
For the Transition Period Ended: Not Applicable
Read attached instruction sheet before preparing form. Please print or
type.
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates: Not Applicable
Part I
Registrant Information
Full Name of Registrant: National Real Estate Limited Partnership Income
Properties
Former Name if Applicable: Not Applicable
Address of Principal Executive Office (Street and Number): 1155 Quail Court
City, State and Zip Code: Pewaukee, Wisconsin 53072-3703
Part II
Rules 12b-25(b) and (c)
If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check box if appropriate)
<S> <C> <C>
(a) The reason described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
X (b) The subject annual report, semiannual report,
transition report on Form 10-K, Form 10-KSB, Form 20-F, Form 11-K
or Form N-SAR, or portion thereof will be filed on
or before the fifteenth calendar day following the prescribed
due date; or the subject quarterly report or transition report on
Form 10-Q or Form 10-QSB, or portion thereof will be filed on
or before the fifth calendar day following the prescribed due
date; and
(c) The accountant's statement or other exhibit required by
Rule 12b-25(c) has been attached if applicable.
Part III
Narrative
State below in reasonable detail the reasons why Form 10-K, 10-KSB,
11-K, 20-F, 10-Q, 10-QSB, N-SAR or the transition report portion
thereof could not be filed within the prescribed time period.
(Attach extra sheets if needed.)
The registrant could not file its annual report on Form 10-KSB for the
year ended December 31, 1999 on the prescribed filing date for the following
reasons:
The schedule for the audit of the financial statements was
delayed by a change of auditors in January 2000. In addition,
the Partnership was named as a party to pending litigation in
March 2000. Due to uncertainty relating to this litigation, the
Partnership does not believe it can finalize the disclosure in
its Form 10-KSB by the prescribed filing date.
Part IV
Other Information
(1) Name and telephone number of person to contact in regard to this
notification:
John Vishnevsky, General Partner 262-695-1400
(2) Have all other periodic reports required under section 13 or 15(d) of
the Securities Exchange Act of 19034 or section 30 of the Investment Company
Act of 1940 during the preceding 12 months or for such shorter period that
the registrant was required to file such report(s) been filed? If the answer
is no, identify report(s).
[x] Yes [ ] No
(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected by
the earnings statements to be included in the subject report or portion
thereof?
[ ] Yes [x] No
National Real Estate Limited Partnership Income Properties has caused this
notification to be signed on its behalf by the undersigned thereunto duly
authorized.
Dated this 30th day of March, 2000.
NATIONAL REAL ESTATE LIMITED
PARTNERSHIP INCOME PROPERTIES
BY
--------------------------------------
John Vishnevsky, President and Chief
Operating and Executive Officer
National Development and
Investment, Inc.
Corporate General Partner
</TABLE>
