FORM 8-K.--CURRENT REPORT
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC
20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: May 12, 1997
JOHNSTOWN/CONSOLIDATED INCOME PARTNERS
(Exact name of registrant as specified in its charter)
CALIFORNIA 0-16010 94-3004963
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification
Number)
One Insignia Financial Plaza
Post Office Box 1089
Greenville, South Carolina 29602
(Address of Principal Executive Office)
Registrant's telephone number, including area code (864) 239-1000
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On May 12, 1997, Johnstown/Consolidated Income Partners, a California limited
partnership (the "Partnership"), sold its one-third undivided interest in the
Florida #6 Mini-Warehouse, located in Lauderhill, Florida to an unaffiliated
party, Shurgard Storage Centers, Inc., a Delaware Corporation. The property was
sold in an effort to maximize the Partnership's return on its investment. The
Partnership's share of the cash paid for the Florida #6 Mini-Warehouse was
$1,325,000.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(C) EXHIBITS
The Partnership has requested copies of the closing documents from the
purchaser for the sale of Florida #6 Mini-Warehouse but has not received these
documents as of the date of this filing. The Partnership will file an amended
8-K to include these exhibits when they are received.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Partnership has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
JOHNSTOWN/CONSOLIDATED INCOME PARTNERS
By: ConCap Equities, Inc.
General Partner
By: /s/ William H. Jarrard, Jr.
William H. Jarrard, Jr.
President
Date: May 19, 1997
