US SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER:
33-82888C
CUSIP NUMBER:
949622104
X Form 10-K and Form 20-F Form 11-K Form 10-Q and Form N-SAR
Form 10-KSB Form 10-QSB
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:________________
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates: Form 10-KSB
<PAGE>
PART I - REGISTRANT INFORMATION
Full Name of Registrant: Wellington Properties Trust
Address of Principal Executive Office (street and number): 18650 W. Corporate
Drive, Suite 300
City, State and Zip Code: Brookfield, Wisconsin 53045
PART II- RULES
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-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;
X (b) The subject annual report, semi-annual report, transition report on
Form 10-K, Form 20-F, 11-K or 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 or transition report on Form 10-Q, or portion therof
will be filed on or before the fifth calendar day following the prescribed
due date; and
X (c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
PART III - NARRATIVE
State below in reasonable detail the reasons why Form 10-K and Form 10-KSB,
11-K, 20-F, 10-Q, Form 10-QSB, N-SAR or the transition report or portion
therof could not be filed within the prescribed period.
The Registrant has not resolved responsibility for certain expenses
claimed by a related party in connection with potential property
acquisitions, bank financing and equity matters.
The registrant's independent certified public accountants, Grant Thornton,
are unable to conclude their audit pending resolution of these matters.
The registrant's audited financial statements at and for the year ended
December 31, 1998, can therefore not presently be completed. The
registrant requires information from such financial statements and report
to complete every portion of its Annual Report on Form 10-KSB.
<PAGE>
PART IV- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification: Robert F. Rice (414)792-8900
(name) (telephone)
(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 the 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 statements to be included in the subject report or portion
thereof? X Yes No
Wellington Properties Trust has caused this notification to be signed on its
behalf by the undersigned thereunto duly authorized.
Dated: March 31, 1999 Wellington Properties Trust
By:/s/ Robert F. Rice
Name: Robert F. Rice
Title: President
