As filed with the Securities and Exchange Commission on April 13, 1999
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: March 30, 1999
(Date of earliest event reported)
Inland Mortgage Investors Fund, L.P.
(Exact name of registrant as specified in the charter)
Delaware 0-15759 36-3436439
(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
2901 Butterfield Road
Oak Brook, Illinois 60523
(Address of Principal Executive Offices)
(630) 218-8000
(Registrant's telephone number including area code)
Not Applicable
(Former name or former address, if changed since last report)
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Item 2. Acquisition or Disposition of Assets
On March 30, 1999, the Partnership sold its remaining asset, a 62-unit
apartment building located at Indian Trail Road in Aurora, Illinois, to John
Bozonelos and Wakeef Aiyash, two unaffiliated individuals, for $1,275,000 on an
all cash basis. The property had a basis of $1,131,639, resulting in a gain of
$138,788, net of closing costs. Net sales proceeds will be distributed to the
Limited Partners during second or third quarter 1999 after a final
reconciliation of property and Partnership expenses.
Item 7. Financial Statements and Exhibits
(a) Financial Statements. Not Applicable
(b) Pro Forma Financial Information - Narrative
As a result of the sale of the property, prospectively there will be no
property operations included in the financial statements of the Partnership.
The following sets forth the amounts of selected accounts in the financial
statements of the Partnership:
For the year
ended
December 31,
1998
--------------
Rental Income $ 253,430
Operating Expense 266,123
Net loss (55,906)
In addition, as a result of the sale of the property, there are no significant
assets or liabilities, including but not limited to investment property.
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SIGNATURE
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.
Inland Mortgage Investors Fund, L.P.
(Registrant)
By: Inland Real Estate Investment
Corporation, General Partner
/S/ KELLY TUCEK
By: Kelly Tucek
Principal Financial Officer
and Principal Accounting Officer
Date: April 13, 1999
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