FORM 12-B-25 NOTIFICATION OF LATE FILING
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
(Check One): [] Form 10-K [] Form 20-F [x] Form 11-K [] Form 10-Q
[] Form N-SAR
For Period Ended: December 31, 1998
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended:
Read Instruction (on back page) Before Preparing Form.
Please Print or Type.
Nothing in this form shall be construed to imply that the
Commissions has verified any information contained herein.
If the notification realtes to a portion of the filing checked
above, identify the item(s) to which the notification relates:
N/A
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PART 1-REGISTRANT INFORMATION (Official Text)
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Full Name of Registrant:
Walden Residential Properties,Inc.
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Former Name if Applicable
N/A
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Address of Principal Executive Office (Street and Number)
5080 Spectrum Drive, Suite 1000E
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City, State and Zip Code
Addison, Texas 75001
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PART II-Rules 12-B-25(b) AND (c) (Offical Text)
If the subject report could not be filed without unreasonable
effort or expense and the registrant seeks relief pursuant to
Rule 12-b-25(b), the following should be completed. (Check box
if appropriate.)
[X] (a) The reasons described in reasonable detail in Part III
of this form could not be eliminated without unreasonable effort
or expense;
(b) The subject annual report, semi-annual report,
transition report on Form 10-K, Form 20-F, 11-K, Form N-SAR, or
portion thereof, will be filed on or before the fifteenth
calendar day following the prescribed due date; or the subject
quarterly report of transition report on Form 10-Q, or portion
thereof will be filed on or before the fifth calendar day following
the prescribed due date; and
(c) The accountant's statement or other exhibit required by
Rule 12-b-25(c) has been attached if applicable.
PART III-NARRATIVE (official Text)
State below in reasonable detail the reasons why the Form 10-K,
11-K, 10-Q, N-SAR, or the transition report or portion thereof,
could not be filed within the prescribed time period.
The Registrant is unable to file Form 11-K because the
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trustee has not furnished the information necessary to complete
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the filing
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PART IV-OTHER INFORMATION (Offical Text)
(1) Name and telephone number of person to contact in regard to
this notification.
Mark S. Dillinger 972 788-0510
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or
15(d) of the Securities Exchange Act of 1934 or Section 30 of the
Investment Company Act of 1940 during the preceding 12 months or
for such shorter period that the registrant was required to file
such report (s) been filed? If answer is no, identify report(s).
[X] Yes [ ] No
(3) Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal year
will be reflected by the earnings statement to be included in the
subject report or portion thereof?
[] Yes [x] No
If so, attach an explanation of the anticpated change, both
narratively and quantitatively, and, if appropriate, state the
reasons why a reasonable estimate of the results cannot be made.
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Walden Residential Properties, Inc.
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the
undersigned hereunto duly authorized.
Date June 25, 1999
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By
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INSTRUCTION: The form may be signed by an executive officer of
the registrant or by any other duly authorized representative.
The name and title of the person signed the form shall be typed
or printed beneath the signature. If the statement is signed on
behalf of the registrant by an authorized representative (other
than an executive officer), evidenceof the representative's
authority to sign on behalf of the registrant shall be filed with
the form.
ATTENTION
Intentional misstatements or omissions of fact constitute Federal
Criminal Violations
(See 18 U.S.C. 1001)
Exhibit 99.1
June 25, 1999
Walden Residential Properties, Inc. 401 (k) Plan
5080 Spectrum Drive, Suite 1000E
Addison, Texas 75001
Dear Sirs/Madams:
We have reviewed the Form 12b-25 of Walden Residential Properties,
Inc. 401(k) Plan (the "Plan") dated June 25, 1999, requesting an
extension of time to file the annual audited report required under
the Securities Exchange Act of 1934. We agree with the reasons for
the extension request which are due to difficulties in obtaining
the financial information from the Plan's trustee.
Our audits of the financial statements of the Plan for the plan
year ended December 31, 1998 and the three month period ended
December 31, 1997, in accordance with generally accepted auditing
standards, are currently in progress; however, because required
information is not available we have not been able to complete our
audits. The procedures that we have performed do not constitute
all the procedures necessary to express an opinion on the financial
statements of the Plan as required by generally accepted auditing
standards. As such, we are unable to express an opinion on the
Plan's financial statements included in the annual report on Form
11-K by the prescribed due date.
Your truly,
DELOITTE & TOUCHE LLP
Dallas, Texas
