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) May 5, 1997 (April 18, 1997)
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GLENBOROUGH PARTNERS,
A CALIFORNIA LIMITED PARTNERSHIP
(Exact name of registrant as specified in its charter)
California 33-3657 94-3199021
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification 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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This Form 8-K contains a total of 3 pages.
No exhibit required.
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Item 2. ACQUISITION OR DISPOSITION OF ASSETS
On April 18, 1997, Glenborough Partners, a California Limited Partnership (the
Registrant), sold its Rosemead Springs property, a 129,500 square foot
multi-tenant office building located in El Monte, California, to RPM Investments
(the "buyer"). The buyer is not affiliated with the Registrant or the
Registrant's general partners. Total consideration of $2,675,000 was paid in
cash and used to paydown the Registrant's line of credit with Mid Peninsula
Bank.
Item 7. FINANCIAL STATEMENTS
(a) & (b) FINANCIAL STATEMENTS
As of the date of filing of this Current Report on Form 8-K, it is impracticable
for the Registrant 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 Registrant
will file such financial statements by incorporation into it's March 31, 1997
Form 10-Q to be filed no later than May 15, 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.
GLENBOROUGH PARTNERS,
A CALIFORNIA LIMITED PARTNERSHIP
By: Glenborough Corporation,
a California corporation
Its Managing General Partner
Date: May 5, 1997 By: /s/ Andrew Batinovich
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Andrew Batinovich
Chief Executive Officer
and Chairman of the Board
