<PAGE>
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): July 30, 1998
Commission file number: 0-19123
FOGELMAN MORTGAGE L.P. I
- --------------------------------------------------------------------------------
(Exact name of Registrant as specified in its charter)
Tennessee 62-1317805
- --------------------------------------------------------------------------------
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
One Seaport Plaza, New York, New York 10292-0128
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (212) 214-3500
N/A
- --------------------------------------------------------------------------------
Former name, former address and former fiscal year, if changed since last
report.
<PAGE>
Item 5. Other Events.
Prudential-Bache Properties, Inc., as general partner of Fogelman Mortgage
L.P. I (the 'Partnership'), has completed the liquidation of the Partnership's
remaining assets. On July 30, 1998, the Partnership made a final liquidating
distribution to the limited partners of $12.86 per Unit, representing the
remaining cash of the Partnership following the payment of its remaining
liabilities. As the distribution of this amount to the limited partners of the
Partnership represented the final step in the liquidation of the Partnership,
the general partner terminated the Partnership effective July 30, 1998.
Item 7. Financial Statements and Exhibits.
(c) Exhibit 99 Letter to Limited Partners of Fogelman Mortgage L.P. I
2
<PAGE>
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 thereunto duly authorized.
Fogelman Mortgage L.P. I
By: Prudential-Bache Properties, Inc.
A Delaware corporation, General Partner
By: /s/ Eugene D. Burak Date: July 30, 1998
-------------------------------------------
Eugene D. Burak
Vice President
Chief Accounting Officer for the Registrant
3
<PAGE>
Fogelman Mortgage L.P. I
July 1998
To Our Limited Partners:
As you know, the Limited Partners of Fogelman Mortgage L.P. I (the
'Partnership') previously approved the payoff of the two outstanding mortgage
loans payable to the Partnership, pursuant to the Consent Solicitation Statement
dated April 23, 1998.
The General Partner distributed substantially all of the Partnership's assets
to the Limited Partners in June 1998 in the amount of $880 per Unit, primarily
consisting of net proceeds from the payoff of the Partnership's mortgages. On
July 30, 1998, the Partnership made a final liquidating distribution to the
Limited Partners of $12.86 per Unit representing the remaining cash of the
Partnership, after payment of its remaining liabilities. With this final
liquidating distribution, the Partnership has made cash distributions to
Unitholders in excess of $1,500 per Unit since its inception or approximately
150% of the original capital contribution. The table below shows the disposition
of the Partnership's net assets from March 31, 1998 to July 30, 1998.
Net Assets - March 31, 1998 $ 25,976,126
Income from payoff of mortgage loans 22,876,155
Changes in estimated liquidation
values of assets and liabilities 219,245
Cash distributions to Limited Partners
and General Partner:
Quarterly distribution from
operations (666,296)
Initial liquidating distribution (47,696,000)
Final liquidating distribution (709,230)
------------
Net Assets - July 30, 1998 $ -0 -
------------
------------
As the distribution of these amounts to the Limited Partners and General
Partner represented the final step in the liquidation process, the General
Partner terminated the Partnership effective July 30, 1998. In early 1999, the
General Partner will prepare and file the final tax returns and distribute the
final tax information on Schedule K-1 for the Limited Partners. Should you have
any questions concerning the liquidation of the Partnership, please feel free to
contact your Financial Advisor or call the Prudential Securities Client Services
Department at 1-800-535-2077.
/s/ Brian J. Martin
______________________________________
President
Prudential-Bache Properties, Inc.
General Partner
One Seaport Plaza, 28th Floor, New York, NY 10292 Tel: (212) 214-3500
