SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 9, 1999
Southeastern Income Properties II Limited Partnership
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(Exact Name of Registrant as Specified in Its Charter)
Virginia
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(State or Other Jurisdiction of Incorporation)
0-17461 54-2839837
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(Commission File Number) (I.R.S. Employer Identification No.)
5 Cambridge Center, Cambridge, Massachusetts 02142
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(Address of Principal Executive Offices) (Zip Code)
(617) 234-3000
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(Registrant's Telephone Number, Including Area Code)
N/A
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(Former Name or Former Address, if Changed Since Last Report)
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Item 2. Acquisition or Disposition of Assets
On April 9, 1999, the Registrant sold its last remaining property
Hunters Creek Apartments located in Charlottesville, Virginia to an unaffiliated
third party for a purchase price of $7,750,000. Net proceeds to the Registrant,
after satisfaction of closing costs and mortgage indebtedness, were
approximately $3,400,000. It is expected that the sale will generate a gain of
approximately $2,200,000 for financial reporting purposes and approximately
$4,000,000 for tax purposes. In addition, it is expected that all or a portion
of the net proceeds will be distributed to the Registrant's partners during the
second quarter of 1999.
As a result of this sale, all of the Registrant's assets have been
liquidated and, pursuant to the terms of the Registrant's agreement of limited
partnership, the Registrant will be dissolved.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(b) Pro Forma Financial Information:
The required pro forma financial information is omitted as Hunters
Creek Apartments was the Registrant's remaining asset. Accordingly, the
Registrant would not have had any operations without Hunters Creek Apartment.
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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 this 12th day of December, 1999.
SOUTHEASTERN INCOME PROPERTIES II
LIMITED PARTNERSHIP
By: Winthrop Southeastern Limited
Partnership, Its General Partner
By: Eight Winthrop Properties, Inc.,
Its General Partner
By: /s/ Michael Ashner
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Michael Ashner
Chief Executive Officer
and President
