[LIVE]
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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) July 20, 1998
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United Investors Realty Trust
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(Exact Name of Registrant as Specified in its Charter)
Texas 001-13915 76-0265701
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(State or other jurisdiction of (Commission (IRS Employer
incorporation or organization) File Number) Identification No.)
5847 San Felipe, Suite 850
Houston, TX 77057
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (713) 781-2860
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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 July 20, 1998, United Investors Realty Trust (the "Registrant") acquired the
Colony Plaza Shopping Center located in Sugar Land, Texas (a suburb of Houston)
(the "Property"). The Property was purchased pursuant to a Contract of Sale
dated April 22, 1998. The Property, an approximately 26,500 square foot
community shopping center, was purchased from Veriquest-Colony Plaza One 1997
for $4.2 million. The property was acquired with available cash of approximately
$1 million and by taking title subject to an existing loan having a principal
balance outstanding on the date of closing of approximately $3.2 million.
Interest on this loan is payable at the rate of 7.54% per annum. This loan
matures on January 1, 2008 and may be prepaid on or after December 1, 2001 with
a yield maintenance based penalty with a minimum of one percent of the then
outstanding principal balance. The Registrant intends to continue to operate the
Property as a shopping center.
Item 7. Financial Statements and Exhibits.
(a) Financial Statements.
It is impracticable to provide the required financial statements of
Colony Plaza Shopping Center at this time. The required financial
statements of Colony Plaza Shopping Center will be filed by amendment
as soon as practicable, but not later than September 29, 1998.
(b) ProForma Financial Information.
It is impracticable to provide the required pro forma financial
information for Colony Plaza Shopping Center at this time. The
required pro forma financial information of Colony Plaza Shopping
Center will be filed by amendment as soon as practicable, but not
later than September 29, 1998.
(c) Exhibits.
The Exhibits to this report are listed on the Exhibit Index set forth
elsewhere herein.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized, on July 31, 1998.
UNITED INVESTORS REALTY TRUST
By: /s/ R. Steven Hamner
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R. Steven Hamner
Vice President, Chief Financial Officer
Exhibits None
