FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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 18, 1996
AMERICA FIRST PREP FUND 2 LIMITED PARTNERSHIP
(Exact name of registrant as specified in its charter)
Delaware 1-10022
(State of Formation) (Commission File Number)
47-0717849
(IRS Employer Identification Number)
Suite 400, 1004 Farnam Street,
Omaha, Nebraska 68102
(Address of principal executive offices) (Zip Code)
(402) 444-1630
(Registrants' telephone number, including area code)
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Item 5. Other Events. As of December 18, 1996, America First PREP Fund
2 Limited Partnership, (the "Fund") sold its limited partnership interest in
129th Street Limited Partnership ("129th Street"), an Oklahoma limited
partnership which owns Ashwood Apartments in Tulsa, Oklahoma, and conveyed its
interest in 129th Street to NLP Limited Partnership, an Oklahoma limited
partnership which serves as general partner of 129th Street. Accordingly, the
Fund no longer has an equity interest in Ashwood Apartments. The Fund
received proceeds of $598,867 from the sale. Since the Fund had previously
written off its entire equity interest in Ashwood Apartments, the Fund
realized a gain of $598,867 on the sale.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, the
registrants have each duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
AMERICA FIRST PREP FUND 2
LIMITED PARTNERSHIP
By America First Capital
Associates Limited Partnership
Six, general partner
By America First Companies L.L.C, general
partner
By /s/ Michael Thesing
Michael Thesing, Vice President
February 12, 1997
