SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934 Date of Report (Date of earliest event reported) JUNE 30, 1998 PROPERTY RESOURCES FUND VI (Exact Name of Registrant as Specified in its Charter) CALIFORNIA 2-77330 94-2838890 State or other jurisdiction Commission File IRS Employer of incorporation Number Identification Number 1800 GATEWAY DRIVE, SAN MATEO, CA 94404 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (415)312-3000 ITEM 2: DISPOSITION OF ASSETS. Grouse Run Apartments Limited Partnership Oklahoma City, Oklahoma On June 30, 1998, pursuant to a contract entered into on May 11, 1998, Property Resources Fund VI (the "Registrant") sold the Grouse Run Apartment Building, located in Oklahoma City, Oklahoma (the "Property"). The Property was sold for all cash at a gross price of $6,902,500.00. The unaffiliated purchaser was Grouse Run Apartments Limited Partnership, an Oklahoma limited partnership ("Buyer"). A real estate brokerage commission of $138,050 was paid to CB Commercial Real Estate Group, Inc., an unaffiliated real estate broker retained by the Registrant under a listing agreement dated January 27, 1998 and $69,025 was paid to Case & Associates Properties, Inc., an affiliate of the Buyer. The Property was purchased by the Registrant in November of 1983. The total all cash cost of the Property (including closing costs and acquisition fees) was $9,713,000. THE PROCEEDS TO THE REGISTRANT FROM THE SALE ARE AS FOLLOWS: Sales Price $6,902,500 Less: Brokerage Commissions 207,075 Closing Costs 17,104 Secured First Mortgage 3,836,906 Closing Pro-rations 72,900 Net Cash Proceeds to $2,768,515 the Registrant There was no material relationship between the Buyer and the Registrant or any of the affiliates, directors or officers of the Registrant or the Advisor or any associate of any director or officer of the Registrant or the Advisor. ITEM 7: PRO FORMA FINANCIAL INFORMATION Pro Forma Financial Information is not included in this report, and will be filed by amendment within sixty (60) days from the date of this report. 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 heretofore duly authorized. Dated: July 15, 1998 PROPERTY RESOURCES, INC., General Partner of Property Resources Fund VI BY: /s/ David P. Goss David P. Goss President