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
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Date of Report
(Date of earliest
event reported): November 16, 1999
WELLINGTON PROPERTIES TRUST
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(Exact name of registrant as specified in its charter)
Maryland 0-25074 39-6594066
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
18650 West Corporate Drive, Brookfield, Wisconsin
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53045 (Address of principal executive offices, including zip code)
(414) 792-8900
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(Registrant's telephone number)
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Item 2. Acquisition or Disposition of Assets.
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On November 16, 1999, Wellington Properties Trust (the "Company")
completed the sale of its 304-unit apartment community in Madison, Wisconsin to
The Shelard Group, Inc. The negotiated purchase price for the property was
$16,700,000, which figure includes the assumption by the purchaser of
outstanding mortgage indebtedness on the property of $12,629,744.
Item 7. Financial Statements and Exhibits.
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(a) Not applicable.
(b) Not applicable.
(c) Exhibits.
(10.1) Purchase Agreement, dated as of July 2, 1999,
between Maple Grove Apartment Home, Inc. and The
Shelard Group, Inc. Filed on August 11, 1999 as
Exhibit 10.16 to the Company's Registration
Statement on Form SB-2 (Reg. No. 333-84953) and
incorporated herein by reference.
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SIGNATURES
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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.
WELLINGTON PROPERTIES TRUST
Dated: November 23, 1999 By: /s/ Robert F. Rice
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Robert F. Rice
President
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Exhibit Index to Current Report on Form 8-K
Exhibit
Number
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(10.1) Purchase Agreement, dated as of July 2, 1999, between Maple Grove
Apartment Home, Inc. and The Shelard Group, Inc. Filed on August 11,
1999 as Exhibit 10.16 to the Company's Registration Statement on Form
SB-2 (Reg. No. 333-84953) and incorporated herein by reference.
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