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
Date of Report (Date of earliest event reported) December 31, 1997
(December 18, 1997)
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GLENBOROUGH REALTY TRUST INCORPORATED
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(Exact name of registrant as specified in its charter)
Maryland 001-14162 94-3211970
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(State or other (Commission (IRS Employer
jurisdiction of File Number) I.D. Number)
incorporation)
400 South El Camino Real, Ste. 1100, San Mateo, California 94402
(Address of principal executive offices)
Registrant's Telephone number, including area code: (650) 343-9300
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Item 2. ACQUISITION OR DISPOSITION OF ASSETS
On December 18, 1997, the Company acquired an office property, aggregating
approximately 418,457 square feet, and ten acres of vacant land, all located in
Memphis, Tennessee (the "Thousand Oaks Properties") from affiliates of CIGNA.
The total acquisition cost, including capitalized costs, was approximately $51.1
million, which was paid in cash from the proceeds of the October 1997 Stock
Offering and a draw on the $50 million Wells Fargo Bank Line of Credit.
There is no relationship between any of the sellers listed above and the
Company, the Company's Operating Partnership or any affiliated entities of the
Company.
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Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(a)&(b) FINANCIAL STATEMENTS
As of the date of filing of this Current Report on Form
8-K, it is impracticable for the Company to provide the
financial statements required by Item 7 (a) & (b) of Form
8-K. In accordance with Item 7(a)(4) of Form 8-K, the
Company will by amendment to this Form 8-K no later than
60 days after December 31, 1997, file such financial
statements.
(c) EXHIBITS
None
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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.
GLENBOROUGH REALTY TRUST INCORPORATED
By: Glenborough Realty Trust Incorporated,
Date: December 31, 1997 /s/ Terri Garnick
Terri Garnick
Senior Vice President,
Chief Accounting Officer,
Treasurer
(Principal Accounting Officer)
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