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) June 5, 1998
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MID-ATLANTIC CENTERS LIMITED PARTNERSHIP
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(Exact name of registrant as specified in its partnership
agreement)
MARYLAND 0-16285 52-1490861
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
100 Light Street - Baltimore, MD 21202
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410)539-0000
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Not Applicable
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(Former name or former address, if changed since last report)
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ITEM 2. DISPOSITION OF ASSETS
On June 5, 1998, Mid-Atlantic Centers Limited Partnership (the
"Partnership") sold Quality Center Shopping Center, a 62,234 square
foot shopping center in Lancaster, Pennsylvania to an unrelated
third party, a regional real estate company, for a contract price
of $4,480,000. As described in the Partnership's annual report on
Form 10-K for the year ended December 31, 1997, the Partnership
adopted the liquidation basis of accounting effective December 31,
1997. For financial reporting purposes, in accordance with the
liquidation basis of accounting, the carrying value of this
property was adjusted at December 31, 1997 and March 31, 1998 to
reflect this proposed sale transaction and estimated operating
revenues and expenses expected to be recorded in 1998 for the
period prior to the sale. As a result, no material adjustment to
the financial statements of the Partnership is required at this
time to record the sale of Quality Center.
The net proceeds from the sale of Quality Center, after payment of
the related mortgage debt and transaction expenses and adjustments
of accrued liabilities, prepaid assets, mortgage escrow balances
and other customary adjustments approximate the appraised net
equity of this center included in the appraised value of the
Partnership's portfolio at the end of 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 thereunto duly authorized.
MID-ATLANTIC CENTERS LIMITED PARTNERSHIP
By: Realty Capital IV Limited Partnership,
General Partner
By: LMRC IV, Inc., General Partner
Date: June 12, 1998 By: /s/ Richard J. Himelfarb
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Richard J. Himelfarb, President
By: FW Realty Limited Partnership,
General Partner
By: FW Corporation, General Partner
Date: June 12, 1998 By: /s/ William J. Wolfe
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William J. Wolfe, President
