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) April 21, 1997 (April 4, 1997)
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OUTLOOK INCOME FUND 9,
A CALIFORNIA LIMITED PARTNERSHIP
(Exact name of registrant as specified in its charter)
California 0-15837 33-0202964
(State or other (Commission (IRS Employer
jurisdiction of File Number) I.D. 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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Item 2. ACQUISITION OR DISPOSITION OF ASSETS
On March 14, 1997, Outlook Income Fund 9, a California Limited Partnership (the
Registrant), received a Notice of Foreclosure on the Country Suites by Carlson -
Memphis property, a 121-suite hotel located at 4300 American Way in Memphis,
Tennessee. On April 4, 1997 the property was foreclosed upon by the lender.
The Registrant discontinued debt service payments effective January 1997, due to
the continued insufficient funds generated from operations to cover debt
service. At the time of the foreclosure, the outstanding loan balance secured by
the Country Suites by Carlson - Memphis property (including accrued interest)
was $3,546,000 and the net assets approximated $3,401,000, resulting in an
extraordinary gain on foreclosure of approximately $145,000.
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.
OUTLOOK INCOME FUND 9,
A CALIFORNIA LIMITED PARTNERSHIP
By: Glenborough Realty Corporation,
a California Corporation
Managing General Partner
Date: April 21, 1997 By: /s/ Andrew Batinovich
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Andrew Batinovich
Senior Vice President,
Chief Financial Officer and Director
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