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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): July 15, 1997 (July 1, 1997)
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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 June 27, 1997, Outlook Income/Growth Fund VIII, a California Limited
Partnership (the "Partnership"), received a Notice of Foreclosure on San Mar
Plaza, a shopping center located at 900 Highway 80 in San Marcos, Texas (the
"Property"). On July 1, 1997 the Property was foreclosed upon by UNUM, the
holder of the secured loan.
The loan on the Property matured on May 15, 1997. Due to unsuccessful
negotiations with the lender to restructure the terms of the debt and
insufficient equity in the Property, the Partnership turned the Property over to
the lender through a foreclosure on July 1, 1997. At the time of the
foreclosure, the outstanding loan balance secured by the Property was
$6,436,000, and the net assets approximated $6,199,000, resulting in an
extraordinary gain on foreclosure of approximately $237,000.
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 June 30, 1997
Form 10-Q to be filed no later than August 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: July 15, 1997 By: /s/ Terri Garnick
Terri Garnick
Chief Financial Officer
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