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):
July 9, 1998
UDC HOMES, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-11416 86-0702254
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(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
6710 North Scottsdale Road
Scottsdale, Arizona 85253
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code:(602) 627-3000
Not Applicable
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(Former name or former address, if changed since last report.)
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Item 7. Exhibits.
Number Description
1 Copy of Press Release
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.
Date: July 10, 1998
/s/ Kenda B. Gonzales
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Letterhead
Press Release
July 9, 1998, J.F. Shea Co., Inc. (Walnut, California), DMB Associates
(Phoenix) and AEW Partners, L.P., a real estate investment fund managed by AEW
Capital Management (Boston, Los Angeles), announced today that they have entered
into a definitive agreement through which Shea will acquire all the stock of UDC
Homes, Inc. Shea has also agreed to acquire land options to UDC from AEW and DMB
and subordinated notes owned by AEW and DMB.
