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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
of
FORM 10-Q
For Period Ended: June 30, 1997
HIGH EQUITY PARTNERS L.P. - SERIES 86
(Name of Registrant)
411 West Putnam Avenue, Greenwich, CT 06830
(Address of Principal Executive Office)
0-15753
(Commission File Number)
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Nothing in this form shall be construed to imply
that the Commission has verified any information
contained herein.
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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 appropriate box.)
[X] (a) The reasons described in reasonable detail in Part
III of this form could not be eliminated without
unreasonable effort or expense;
[X] (b) The subject quarterly report on Form 10-Q 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-Q could not be
filed within the prescribed period.
As a result of certain developments regarding a change in control of
Presidio Capital Corp., the parent company of Resources Capital Corp.,
Resources High Equity, Inc., and Presidio AGP Corp., the
Administrative, Investment, and Associate General Partners,
respectively, of the registrant, the registrant has not been able to
prepare its Quarterly Report on Form 10-Q for the quarter ended June
30, 1997 without unreasonable effort or expense. Such Quarterly Report
will be filed by August 19, 1997.
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Part IV - Other Information
(1) Name and telephone number of person to contact in regard to this
notification.
Scott Rabacs (203) 862-7081
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(2) Have all other periodic reports required under Section 13 or 15(d)
of the Securities Exchange Act of 1934 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 such
reports.
Yes [X] 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?
If so, attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the
reasons why a reasonable estimate of the results cannot be made.
Yes [ ] No [X]
HIGH EQUITY PARTNERS L.P. - SERIES 86
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: August 14, 1997 By: /s/Jay L. Maymudes
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Name: Jay L. Maymudes
Title: Vice President, Secretary
and Treasurer
(Principal Financial and
Accounting Officer)
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