SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 1, 1995
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LNH REIT, INC.
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(Exact name of Registrant as specified in its charter)
MARYLAND
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(State or other jurisdiction of incorporation)
Commission File Number 1-8330
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IRS Employer Identification No. 75-1732388
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300 One Jackson Place
188 East Capitol Street
P.O. Box 22728
Jackson, Mississippi 39225-2728
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number: (601) 354-3555
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(Former name or former address, if changed since last report)
FORM 8-K
LNH REIT, Inc.
Item 5. Other Events
As disclosed in LNH's most recent Form 10-Q, the borrower with
respect to the mortgage secured by the Cowesett Corners Shopping
Center in Warwick, Rhode Island, petitioned for relief under Chapter
11 of the United States Bankruptcy Code on February 11, 1995. After
various motions with respect to whether LNH and its co-investor
should be able to foreclose on the Cowesett Corners Shopping Center
and sell it at public auction, an agreement was reached and approved
by the court pursuant to which the Cowesett Corners Shopping Center
was to be sold to an unrelated third party and LNH and its co-
investor would release their lien on the Cowesett Corners Shopping
Center in return for a cash payment of $13,250,000, of which
$6,625,000 was to be paid to LNH. The potential purchaser of the
Cowesett Corners Shopping Center decided not to proceed with the
transaction. Because the proposed sale did not take place by the
November 30, 1995 deadline, LNH and its co-investor foreclosed their
lien on the property and took title to the property on December 1,
1995.
FORM 8-K
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.
LNH REIT, Inc.
(Registrant)
Dated: December 15, 1995 By: \s\ N. Keith McKey
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N. Keith McKey
Senior Vice President
Chief Financial Officer
and Secretary
\s\ Russell L. Wall
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Russell L. Wall
Controller and
Assistant Secretary