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 2, 1999 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 or organization Number Identification Number 777 MARINER'S ISLAND BLVD., SAN MATEO, CA 94404 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (650) 312-3000 ITEM 2: DISPOSITION OF ASSETS. Clearlake Village Apartments Houston, Texas On June 2, 1999, pursuant to a contract entered into on November 30, 1998, Property Resources Fund VI (the "Registrant") sold the Clearlake Village Apartments, located in Houston, Texas (the "Property"). The Property was sold for all cash at a gross price of $3,575,000. The unaffiliated purchaser was CLV Apartments, L.P., a Texas limited partnership ("Buyer"). A real estate brokerage commission of $72,000.00 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. The Registrant purchased the Property in August of 1982. The total all cash cost of the Property (including closing costs and acquisition fees) was $4,895,000. THE PROCEEDS TO THE REGISTRANT FROM THE SALE ARE AS FOLLOWS: Sales Price $3,575,000 Less: Brokerage Commissions 72,000 Closing Costs & Transfer Taxes 41,000 Secured First Mortgage 2,111,000 Closing Pro-rations 42,000 Net Cash Proceeds to $1,309,000 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 General Partner or any associate of any director or officer of the Registrant or the General Partner. 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: June 18, 1999 PROPERTY RESOURCES FUND VI BY: /s/ David P. Goss David P. Goss President