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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________
FORM 8-K/A
AMENDMENT TO GENERAL FORM FOR REGISTRATION OF SECURITIES
Filed pursuant to Section 13 or 15(d) of
THE SECURITIES EXCHANGE ACT OF 1934
ASSOCIATED PLANNERS REALTY FUND
(Exact name of registrant as specified in its charter)
AMENDMENT NO. 1
File No. 0-16805
The undersigned Registrant hereby amends the following items, financial
statements, exhibits or other portions of its General Form for Registration
of Securities on Form 8-K as set forth in the pages attached hereto:
8-K for the Period ending May 15, 1995
Item 2
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Amendment to be signed on its behalf by the
undersigned thereunto duly authorized.
Associated Planners Realty Fund.
(Registrant)
Date:
By: West Coast Realty Advisors, Inc. (Advisor)
By:
Michael G. Clark, Vice President/Treasurer
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ASSOCIATED PLANNERS REALTY FUND AND CONSOLIDATED ENTITIES
A CALIFORNIA LIMITED PARTNERSHIP
EXPLANATION OF AND ADJUSTMENTS TO PRO FORMA INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 31, 1994
The pro forma income statement gives the operating results of the
Partnership for the year ended Decomber 31, 1994 as if the sale of the
Shurgard mini-warehouse had taken place on December 31, 1994. The gain on
sale of the property ($116,749) and any interest income that was earned on
cash held between the time of sale and distribution to investors, is not
reflected in these pro-forma financial statements.
Explanation of adjustments
(1) Rental income - to deduct the actual rental income earned on the
property during calendar 1994.
(2) Operating Costs - to deduct property management fees, property taxes,
and other property-related costs incurred during calendar 1994.
(3) Depreciation Expense - to reduce depreciation expense for amount
incurred in connection with the Shurgard property during 1994.
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ASSOCIATED PLANNERS REALTY FUND AND CONSOLIDATED ENTITIES
A CALIFORNIA LIMITED PARTNERSHIP
PRO FORMA INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 31, 1994
For the year Pro Forma For the year
ended Adjustments ended
December 31,1994 December 31,1994
(adjusted)
<CAPTION>
<S> <C> <C> <C> <C>
REVENUES
Rental $749,824 ($295,271) (1) $454,553
Interest 5,126 0 5,126
754,950 (295,271) 459,679
COSTS AND EXPENSES
Operating 295,890 (127,405) (2) 168,485
General and
Administrative 108,025 108,025
Depreciation 141,493 (33,984) (3) 107,509
Unrealized loss
governement securities 2,757 0 2,757
548,165 (161,389) 386,776
LESS MINORITY INTEREST IN
NET LOSS OF JOINT
VENTURE 11,107 11,107
NET INCOME 217,892 (133,882) 84,010
NET INCOME PER LIMITED
PARTNERSHIP UNIT $24.45 $9.43
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ASSOCIATED PLANNERS REALTY FUND AND CONSOLIDATED ENTITIES
A CALIFORNIA LIMITED PARTNERSHIP
EXPLANATION OF AND ADJUSTMENTS TO PRO FORMA BALANCE SHEET
DECEMBER 31, 1994
The pro forma balance sheet gives the financial condition of the
Partnership as if the sale of the Shurgard Mini-warehouse facility had taken
place on December 31, 1994. No effect is given to the eventual distribution
of proceeds of the sale that took place approximately one month after
consummation of the sale.
Explanation of adjustments
(A) To record the sale of the property. Among the balance sheet items
affected by the sale of the property are:
Rental Real Estate - To record the decrease in balance based on the book
value at the time of sale. The book value was not increased for the
depreciation expense incurred from January 1, 1995 to May 15, 1995; such
amount was nominal.
Other Assets - Reduction in rent receivable pertaining to amounts due from
tenants at the time of sale.
Accounts Payable - Reduction in amounts due to vendors pertaining to amounts
due at the time of sale.
Security deposits and prepaid rent - Reduction for amounts that transferred
to the buyer of the property at the time of sale.
Cash - Net cash received from the Partnership from the sale of the Shurgard
property. Amount of cash actually received in connection with the sale of
property was $1,522,182. The $11,206 reduction pertains to the transfer of
accounts payable, security deposits, prepaid rent and other assets
mentioned above.
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ASSOCIATED PLANNERS REALTY FUND AND CONSOLIDATED ENTITIES
A CALIFORNIA LIMITED PARTNERSHIP
PRO FORMA BALANCE SHEET
DECEMBER 31, 1994
DECEMBER 31, PRO FORMA DECEMBER 31,
1994 ADJUSTMENTS 1994
(AS ADJUSTED)
<CAPTION>
<S> <C> <C> <C> <C>
ASSETS
RENTAL REAL ESTATE 5,982,471 (1,405,433) (A) 4,577,038
CASH 36,227 1,510,976 (A) 1,547,203
INVESTMENT-GOVERNMENT SECURITIES 55,554 55,554
CONSTRUCTION IN PROGRESS 68,411 68,411
OTHER ASSETS 112,713 (3,228) (A) 109,485
TOTAL ASSETS 6,255,376 102,315 6,357,691
LIABILITIES AND PARTNERS EQUITY
ACCOUNTS PAYABLE 24,757 (3,866) (A) 20,891
SECURITY DEPOSITS AND PREPAID RENT 20,103 (10,568) (A) 9,535
TOTAL LIABILITIES 44,860 (14,434) 30,426
MINORITY INTEREST 224,618 224,618
PARTNERS EQUITY LIMITED 5,653,977 105,074 (A) 5,759,051
PARTNERS EQUITY GENERAL 331,921 11,675 (A) 343,596
TOTAL PARTNERS EQUITY 5,985,898 116,749 6,102,647
TOTAL LIABILITIES AND EQUITY 6,255,376 102,315 6,357,691
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ASSOCIATED PLANNERS REALTY FUND AND CONSOLIDATED ENTITIES
A CALIFORNIA LIMITED PARTNERSHIP
EXPLANATION OF AND ADJUSTMENTS TO PRO FORMA INCOME STATEMENT
FOR THE THREE MONTHS ENDED MARCH 31, 1995
The pro forma income statement gives the operating results of the
Partnership for the quarter ended March 31, 1995 as if the sale of the
Shurgard mini-warehouse had taken place on December 31, 1994. The gain on
the sale of the property ($116,749) and any interest income that was earned
on cash held between the time of sale and the distribution to investors, is
not reflected in these pro forma financial statements.
Explanation of adjustments
1) Rental income - to deduct the actual rental income earned on the
property during the first three months of the year.
2) Operating Costs - to deduct property management fees, property taxes,
and other property-related costs incurred during the first quarter of 1995
in connection with the operation of the property.
3) Depreciation Expense - to reduce depreciation expense by the amount
charged during the first three months of the year.
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ASSOCIATED PLANNERS REALTY FUND AND CONSOLIDATED ENTITIES
A CALIFORNIA LIMITED PARTNERSHIP
PRO FORMA INCOME STATEMENT
FOR THE THREE MONTHS ENDED MARCH 31, 1995
For the three Pro Forma For the three
months ended Adjustments months ended
March 31, 1995 March 31, 1995
(adjusted)
<CAPTION>
<S> <C> <C> <C> <C>
REVENUES
Rental $189,017 ($72,342) (1) $116,675
Interest 878 0 878
189,895 (72,342) 117,553
COSTS AND EXPENSES
Operating 71,615 (40,877) (2) 30,738
General and Administrative 31,555 31,555
Depreciation 36,231 (8,460) (3) 27,771
139,401 (49,337) 90,064
LESS MINORITY INTEREST
IN NET INCOME (LOSS) OF
JOINT VENTURE (2,030) (2,030)
NET INCOME $48,464 ($23,005) $25,459
NET INCOME PER LIMITED
PARTNERSHIP UNIT $5.38 $2.83
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