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) September 10, 1996 ------------------------------- McNEIL REAL ESTATE FUND V, LTD. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) California 0-8229 94-6356980 - -------------------------------------------------------------------------------- (State or other jurisdiction of (Commission (I.R.S. Employer incorporation or organization) File Number) Identification No.) 13760 Noel Road, Suite 700, LB70, Dallas, Texas, 75240 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code (972) 448-5800 ------------------------------ ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS - ------- ------------------------------------ On September 11, 1996, McNeil Real Estate Fund V, Ltd. (the "Partnership") sold to BRE Properties, Inc., an unaffiliated buyer, Sycamore Valley Apartments (the "Property"), an apartment complex located in Fountain Valley, California, for a cash purchase price of $23,085,000. Net cash proceeds to the Partnership, after payment of $11,832,251 on the first mortgage note and various closing prorations, amounted to $11,252,749. ITEM 5. OTHER EVENTS - ------- ------------ On September 10, 1996, at a special meeting of limited partners, the limited partners approved (i) the authorization of the general partner of the Partnership to sell the Sycamore Valley Apartments, which constitutes substantially all of the assets of the partnership; and (ii) the dissolution of the Partnership upon sale of the Property and authorization for the general partner to liquidate and terminate the Partnership. Of the 18,223 limited partnership units issued and outstanding, 10,831.66 and 11,942.41 positive votes were received for proposal (i) and (ii), respectively. 4,322.75 negative votes were received while 869 votes abstained for the two proposals. McNEIL REAL ESTATE FUND V, LTD. 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 thereunto duly authorized: McNEIL REAL ESTATE FUND V, LTD. September 23, 1996 By: /s/ Brandon K. Flaming - ------------------- --------------------------- Date Brandon K. Flaming Chief Accounting Officer of McNeil Real Estate Management, Inc.