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) April 23, 1997
(April 8, 1997)
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GLENBOROUGH REALTY TRUST INCORPORATED
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(Exact name of registrant as specified in its charter)
Maryland 1-14162 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
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(Address of principal executive offices)
Registrant's Telephone number, including area code:(415) 343-9300
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Item 2. ACQUISITION OR DISPOSITION OF ASSETS
On April 8, 1997, the Company's Operating Partnership acquired a portfolio of
three properties, aggregating approximately 282,000 square feet (the "Lennar
Properties") from Lennar Metro VA-IV, L.P. and ADIB Holdings, L.L.C. and Lennar
Central MA Q.A. Limited Partnership. The total acquisition cost, including
capitalized costs, was approximately $23,151,000, which was paid in cash from
the proceeds of the March 1997 Stock Offering. The Lennar Properties consist of
an office building located in Alexandria, Virginia, an R&D building located in
Weymouth, Massachusetts and an industrial building located in Milford,
Massachusetts.
On April 14, 1997, the Company's Operating Partnership acquired a 15-story
office building located in Bloomington, Minnesota (the "Riverview Property")
from Appletree, Ltd. The total acquisition cost, including capitalized costs,
was approximately $20,521,000, which was paid in cash from the proceeds of the
March 1997 Stock Offering.
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 April
23, 1997, file such financial statements.
(c) EXHIBITS
Purchase agreements related to the acquisition of the Lennar
Properties (*
Purchase agreement related to the acquisition of the
Riverview Property (*)
Amended and Restated Agreement of Limited Partnership of
Glenborough Properties, L.P. (*)
(*) To be filed with amendment to this Form 8-K not later than 60 days
after the date on which this Current Report on Form 8-K is filed
herewith.
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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: April 23, 1997 /s/ Andrew Batinovich
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Andrew Batinovich
Director, Executive Vice President,
Chief Operating Officer
and Chief Financial Officer
(Principal Financial Officer)
Date: April 23, 1997 /s/ Terri Garnick
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Terri Garnick
Senior Vice President,
Chief Accounting Officer,
Treasurer
(Principal Accounting Officer)
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