FOGELMAN SECURED EQUITY L P
8-K, 1995-11-14
OPERATORS OF APARTMENT BUILDINGS
Previous: FOGELMAN SECURED EQUITY L P, 15-12G, 1995-11-14
Next: KAISER ALUMINUM CORP, 10-Q, 1995-11-14



<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): November 13, 1995
 
                          FOGELMAN SECURED EQUITY L.P.
- - - - - --------------------------------------------------------------------------------
             (Exact name of Registrant as specified in its charter)
 
Delaware                                  0-19124             62-1326711
- - - - - -------------------------------------------------------------------------------
(State or other jurisdiction            (Commission         (I.R.S. Employer
  of incorporation                       File Number)        Identification No.)
  or organization)                                             

One Seaport Plaza, New York, New York                               10292-0116
- - - - - --------------------------------------------------------------------------------
(Address of principal executive offices)                              (Zip Code)
 
Registrant's telephone number, including area code: (212) 214-1016
 
                                      N/A
- - - - - --------------------------------------------------------------------------------
         (Former name or former address, if changed since last report)

<PAGE>

Item 5.    Other Events.

     Prudential-Bache Properties, Inc., Avron B. Fogelman and Fogelman 
Enterprises, L.P., as general partners of Fogelman Secured Equity L.P. 
(the "Partnership"), have completed the liquidation of the Partnership's 
remaining assets. On November 10, 1995, the Partnership made a final 
liquidating distribution to the respective Unitholders in the amount 
of $.3779 per Unit, representing the remaining net cash of the 
Partnership following the payment of its respective remaining liabilities. 
As the distribution of these amounts to the Unitholders of the Partnership 
represented the final step in the liquidation of the Partnership, the 
general partners terminated the Partnership effective November 13, 1995.

Item 7.    Financial Statements and Exhibits.

     (c)(1)   Letter to Unitholders of Fogelman Secured Equity L.P.

<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.
 
Fogelman Secured Equity L.P.
 
By: Prudential-Bache Properties, Inc.
    A Delaware corporation, General Partner

     By: /s/ Eugene D. Burak                      Date: November 13, 1995
     ----------------------------------------
     Eugene D. Burak
     Vice President


<PAGE>
 
                                                                 Exhibit (c)(1)
 
                          Fogelman Secured Equity L.P.
 
                                                                  November 1995
 
To our Unitholders:
 
   As you know, the Unitholders of Fogelman Secured Equity L.P. (the
``Partnership'') previously approved a Sale and Liquidation, effective as of
November 18, 1994, providing for the sale of the Partnership's assets, the
liquidation of its liabilities and the distribution of the remaining funds in
accordance with the Partnership Agreement.
 
   The General Partners distributed substantially all of the Partnership's
assets to Unitholders on December 7, 1994 in the amount of $16.00 per
Unit, consisting of proceeds from the sales of the Partnership's assets. On
November 10, 1995, the Partnership made a final liquidating distribution 
to Unitholders in the amount of $.3779 per Unit representing the 
remaining net cash of the Partnership, after payment of its remaining 
liabilities. With this final liquidating distribution, the Partnership has 
made cash distributions to Unitholders totaling an average of $21.66 per 
Unit since its inception or approximately 108% of the original capital 
contributions. The table below shows the disposition of the Partnership's 
net assets from December 31, 1994 to November 10, 1995.
 
<TABLE>
<S>                                                 <C>
Net Assets - December 31, 1994                  $ 3,452,000
  Changes in estimated liquidation
     values of assets and liabilities               153,000
  Cash distributions to partners                 (3,605,000)
                                                    -------
Net Assets - November 10, 1995                      $  -0 -
                                                    -------
                                                    -------
</TABLE>
 
   As the distribution of these amounts to the partners represented the final
step in the liquidation process, the General Partners terminated the Partnership
effective November 13, 1995. As soon as practicable, the General Partners will
prepare and file the final tax returns and distribute the final tax information
on Schedule K-1 for Unitholders. 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/ Thomas F. Lynch, III
                                   ___________________________________________
                                   Thomas F. Lynch, III, President
                                    Prudential-Bache Properties, Inc.
                                                 General Partner


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission