UNITED STATES
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: April 10, 1997
INVESTORS FIRST-STAGED EQUITY L.P.
(Exact name of registrant as specified in its charter)
DELAWARE 0-14470 36-3310965
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification
Number)
630 Dundee Road, Suite 220
Northbrook, Illinois 60062
(Address of Principal Executive Office)
Registrant's telephone number, including area code (847) 714-9600
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On April 10, 1997, Investors First-Staged Equity L.P., a Delaware limited
partnership (the "Partnership"), sold three buildings and two parcels of land
associated with Serramonte Plaza located in Daly City, California to an
unaffiliated party, Daly City Partners, LLC, a California limited liability
company. The property was sold in an effort to maximize the Partnership's
return on its investment. Total cash received for the three buildings and two
parcels of land was $4,778,280 and was determined primarily by reference to
appraised values.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) EXHIBITS
The Partnership has requested copies of the closing documents from the
purchaser for the sale of the three buildings and two parcels of land associated
with Serramonte Plaza but has not received these documents as of the date of
this filing. The Partnership will file an amended 8-K to include these Exhibits
when they are received.
SIGNATURES
Pursuant to the requirements of the Exchange Act, the Registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
INVESTORS FIRST-STAGED EQUITY L.P.
By: VMS Realty Investment II,
its General Partner
By: JAS Realty Corporation
Date: May 1, 1997 By: /s/Joel A. Stone
Joel A. Stone
President
Date: May 1, 1997 By: /s/ Thomas A. Gatti
Thomas A. Gatti
Senior Vice President and
Principal Accounting Officer
