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) December
22, 2000
DEAN WITTER REALTY YIELD PLUS, L.P.
(Exact name of registrant as specified in its charter)
Delaware 0-18148 13-
3426531 _
(State or other jurisdiction Commission (I.R.S.
Employer
of incorporation) File Number) Identification
No.)
Two World Trade Center, New York, New York 10048
_
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (212)
392-2974
(Former name or former address, if changed since last
report)
<PAGE>
Item 2. Acquisition or Disposition of Assets
Pursuant to a Purchase and Sale Agreement (the "Agreement")
dated as of October 4, 2000, as amended, Deptford Crossing
Associates, L.P. ("DCA"), a subsidiary of the Partnership,
sold the land and building which comprise the Deptford
Crossing shopping center (the "Property") on December 22,
2000 to the Hutensky Group, L.L.C., an unaffiliated party,
for a negotiated sale price of $11.5 million.
The purchase price was paid in cash as closing. At closing,
the Partnership received approximately $10.7 million,
representing all of the cash received by DCA, net of DCA's
closing costs, a $270,000 escrow deposit to secure DCA's
obligations, if any, pursuant to its representations and
warranties in the Agreement and other deductions.
<PAGE>
Item 7. Financial Statements and Exhibits
(b) Pro Forma Financial Information
For the Consolidated Income Statement for the nine months
ended September 30, 2000, if the Property had been sold on
January 1, 2000, rental income of approximately $1,497,000
would have been eliminated, property operating expenses
would have decreased from $1,073,000 to $69,000 (the costs
of the 401 East Ontario Street property litigation in 2000),
depreciation and amortization expenses of $247,000 would
have been eliminated and Partnership net income would have
decreased from $27,159,000 ($3.04 per limited partnership
unit) to $26,913,000 ($3.02 per limited partnership unit).
For the Consolidated Income Statement for the year ended
December 31, 1999, if the Property had been sold on January
1, 1999, rental income of approximately $1,955,000 would
have been eliminated, property operating expenses would have
decreased from $220,000 to negative $439,000 (the amount of
401 East Ontario Street property litigation settlements
received in 1999, net of costs) depreciation and
amortization expenses of $310,000 would have been eliminated
and net income would have decreased from $3,972,000 ($0.40
per limited partnership unit) to $2,986,000 ($0.30 per
limited partnership unit).
The pro forma adjustments to the Consolidated Income
Statements exclude the Partnership's share of the non-
recurring gain on the sale of the Property.
The pro forma Consolidated Balance Sheet of the Partnership
as of September 30, 2000 is an attachment to this Form 8-K.
(c) Exhibits
(1) Purchase and Sale Agreement Dated as of October 4, 2000
between Deptford Crossing Associates, L.P. as Seller and the
Hutensky Group, L.L.C. as Purchaser.
(2) Reinstatement Agreement and First Amendment to
Purchase and Sale Agreement dated as December 22,
2000 between Deptford Crossing Associates, L.P.,
as Seller, and the Hutensky Group, L.L.C., as
Purchaser.
<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 hereunto duly
authorized.
DEAN WITTER REALTY YIELD PLUS,
L.P.
By: Dean Witter Realty Yield
Plus
Inc.
Managing General Partner
Date: January 5, 2001 By: /c/
Raymond E. Koch .
Raymond E. Koch
Principal Financial and
Accounting Officer
<PAGE>
<TABLE>
Dean Witter Realty Yield Plus, L.P.
Pro Forma Consolidated Balance Sheet
As of September 30, 2000
The following unaudited pro forma balance sheet has been
presented as if the Deptford Crossing property was sold as
of September 30, 2000. The pro forma adjustments reflect a)
the net cash proceeds from the sale, b) the elimination of
the net carrying value of the property from real estate and
c) the changes in other assets caused by the property sale.
<CAPTION>
Pro Forma
Historical Adjustments Pro
Forma
ASSETS
<S> <C> <C> <C>
Real estate $10,507,326 $(10,507,326) $
-
Investment in joint venture 1,850,867 -
1,850,867
Cash and cash equivalents 5,832,032 10,675,937
16,507,969
Other assets 498,462 (119,121)
379,341
$18,688,687 $ 49,490
$18,738,117
LIABILITIES AND PARTNERS' CAPITAL
<S> <C> <C> <C>
Accounts payable and other $ 270,182 $ - $
270,182
liabilities
Total partners' capital 18,418,505 49,490
18,467,995
$ 18,688,687 $ 49,490
$18,738,117
</TABLE>
<PAGE>
Exhibit Index for Dean Witter Realty Yield Plus L.P.
Exhibit Sequential
No. Description Page No.
(1) Purchase and Sale Agreement dated as of October 4, 2000
between Deptford Crossing Associates, L.P. as Seller
and the Hutensky Group, L.L.C. as Purchaser.
(2) Reinstatement Agreement and First Amendment to Purchase
and Sale Agreement dated as December 22, 2000 between
Deptford Crossing Associates, L.P., as Seller, and the
Hutensky Group, L.L.C., as Purchaser.
