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):October 15, 1997(October1,1997)
OUTLOOK INCOME/GROWTH FUND VIII,
A CALIFORNIA LIMITED PARTNERSHIP
(Exact name of registrant as specified in its charter)
California 0-14593 33-0104267
(State or other (Commission (IRS Employer
jurisdiction of File Number) I.D. Number)
incorporation)
400 South El Camino Real, Suite 1100, San Mateo, California 94402
(Address of principal executive offices)
Registrant's Telephone number, including area code: (415) 343-9300
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Item 2. ACQUISITION OR DISPOSITION OF ASSETS
On October 1, 1997, Huntington Breakers Apartments, Limited, a joint venture in
which Outlook Income/Growth Fund VIII, A California Limited Partnership ("the
Partnership"), holds a 50% general partner interest, sold its sole real estate
asset, a 342-unit apartment complex located in Huntington Beach, California. The
342-unit apartment complex was sold to Essex Portfolio, L.P., an unrelated
party, for $30,400,000. The sale proceeds were used to payoff the first and
second deeds of trusts, secured by the property totaling $16,000,000 and
$2,500,000, respectively, and settlement and other closing costs, including a
$912,000 transaction fee payable to the general partner. Approximately,
$11,000,000 of the net proceeds will be used to pay advances, guaranty payments
and preference amounts due to the Partnership. Upon settlement of all
liabilities and distribution of its assets, Huntington Breakers Apartments,
Limited will be dissolved.
Upon receipt of the above-noted distribution and the satisfaction of any
liabilities, the Partnership plans to disburse the remaining cash to its
partners and liquidate the Partnership.
Item 7. FINANCIAL STATEMENTS
As of the date of filing of this Current Report on Form 8-K, it is impracticable
for the Partnership to provide the financial statements required by Item 7 (b)
(1) of Form 8-K. In accordance with Item 7 (a) (4) of Form 8-K, the Partnership
will file such financial statements by incorporation into it's September 30,
1997 Form 10-Q to be filed no later than November 14, 1997.
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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, hereunto duly authorized.
OUTLOOK INCOME/GROWTH FUND VIII,
A CALIFORNIA LIMITED PARTNERSHIP
By: Glenborough Corporation,
a California corporation
Its Managing General Partner
Date: October 15, 1997 By: /S/ Terri Garnick
Terri Garnick
Chief Financial Officer
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