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) February 5, 1999
VICTORY TAX EXEMPT REALTY INCOME FUND LIMITED PARTNERSHIP
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(Exact name of registrant as specified in its charter)
Delaware 0-18333 13-3516912
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State or other jurisdiction Commission IRS Employer
of incorporation or organization File Number Identification No.
3 World Financial Center, 29th Floor
New York, NY Attn.: Andre Anderson 10285
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Address of principal executive offices Zip Code
Registrant's telephone number, including area code (212) 526-3183
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VICTORY TAX EXEMPT REALTY INCOME FUND LIMITED PARTNERSHIP
Item 5. Other Events
Victory Tax Exempt Limited Partnership (the "Partnership") has entered into a
binding agreement to sell (the "Sale") its principal asset, the mortgage revenue
bond issued by the City of Fresno, California, in the original principal amount
of $15,515,000, to Wasatch Acquisitions LLC, a Utah limited partnership, or its
designated affiliate, for a gross sale price of $11.6 million. The proposed Sale
will require the approval of a majority-in-interest of the outstanding holders
of certificates (the "BAC Holders") evidencing economic and certain other rights
attributable to the limited partnership interests in the Partnership and to
other customary closing conditions. Approval by the BAC Holders will be
solicited only by means of a consent solicitation, which will be mailed to BAC
Holders upon the completion of a customary Securities and Exchange Commission
review process. There can be no assurance that the Sale will be consummated on
the announced terms, if at all.
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VICTORY TAX EXEMPT REALTY INCOME FUND LIMITED PARTNERSHIP
SIGNATURES
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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.
VICTORY TAX EXEMPT REALTY INCOME
FUND LIMITED PARTNERSHIP
By: CA Victory Inc.,
General Partner
Date: February 23, 1999 By: /s/Doreen D. Odell
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Doreen D. Odell
President
