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
WELLINGTON PROPERTIES TRUST
(Exact name of registrant as specified in its charter)
Maryland 33-82888C 39-6594066
(State or jurisdiction (Commission File Number) (IRS Employer
of Incorporation or Classification Code Number) Identification Number)
Organization)
18650 W. Corporate Drive
Brookfield, Wisconsin 53045
(414)792-8900
(Address of principal executive offices)
Former name or former address, if changed since last report)
ITEM 2. Acquisition or Disposition of Assets.
On December 30, 1996 Wellington Properties Trust (the "Trust") acquired Building
10 of Maple Grove Apartment Homes in Madison, Wisconsin ("Building 10") for
cash in the amount of $791,625.00.
Building 10 consists of 12 apartments located within the Maple Grove
Condominium. All apartments have two bedrooms.
Building 10 was purchased from an independent seller. WMC Realty, Inc.
served as real estate broker and received a brokerage commission of $31,667
from the seller of Building 10.
On December 23, 1996 the Trust procured a line of credit for $1,000,000.00 from
Milwaukee Western Bank. Funds from the line of credit were used to acquire
Building 10.
ITEM 7. Financial Statements and Exhibits
None
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, thereunto duly authorized.
WELLINGTON PROPERTIES TRUST
(Registrant)
Dated: January 13, 1997 /s/Arnold K. Leas
Arnold K. Leas, President
