UNITED STATES
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
Date of Report (Date of earliest event reported) July 27, 2009
REAL ESTATE ASSOCIATES LIMITED
(Exact name of Registrant as specified in its charter)
California 0-09262 95-3187912
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification Number)
55 Beattie Place
Post Office Box 1089
Greenville, South Carolina 29602
(Address of principal executive offices)
(864) 239-1000
(Issuer's telephone number)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events
Real Estate Associates Limited, a California limited partnership (the “Registrant”), has a 95% limited partnership interest in West Lafayette, Ltd., an Ohio limited partnership (“West Lafayette”). On July 27, 2009, West Lafayette sold its sole investment property, Lafayette Commons, to a third party, Lafayette Commons, Limited Partnership, an Ohio limited partnership (the “Purchaser”), for a gross sales price of approximately $571,000 including an assumption of the outstanding mortgage loan. The Registrant will not receive any proceeds from the sale of the West Lafayette property as the liabilities of West Lafayette exceed the sales price received. The Registrant had no investment balance in West Lafayette at December 31, 2008 and March 31, 2009.
SIGNATURE
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.
REAL ESTATE ASSOCIATES LIMITED
(a California limited partnership)
By: National Partnership Investments Corp.
Corporate General Partner
| By: /s/Steven D. Cordes |
| Steven D. Cordes |
| Senior Vice President |
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| Date: July 31, 2009 |