SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-Q/A
QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF
1934
For the quarterly period ended June 30, 2001
Commission file number 0-13112
REAL ESTATE ASSOCIATES LIMITED VI
(A California Limited Partnership)
I.R.S. Employer Identification NO. 95-3778627
9090 Wilshire Blvd., Suite 201,
Beverly Hills, California 90211
Registrant's Telephone Number,
Including Area Code (310) 278-2191
Indicate by check mark whether the registrant (1) has filed all documents and
reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding twelve months (or for such shorter period that
the registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days.
Yes X No
REAL ESTATE ASSOCIATES LIMITED VI
(a California limited partnership)
INDEX TO FORM 10-Q/A
FOR THE QUARTER ENDED JUNE 30, 2001
PART I. FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
Consolidated Balance Sheets, June 30, 2001 and
December 31, 2000 1
Consolidated Statements of Operations
Three and Six Months Ended June 30, 2001 and 2000 2
Consolidated Statement of Partners' Equity (Deficiency)
Six Months Ended June 30, 2001 3
Consolidated Statements of Cash Flows
Six Months Ended June 30, 2001 and 2000 4
Notes to Consolidated Financial Statements 5
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATION 11
PART II. OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS 13
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K 13
SIGNATURES 14
(This document amends the Form 10-Q for the quarter ended June 30, 2001, to
properly reflect the consolidated statement of operations for the three months
ended June 30, 2001.)
PART I - FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
REAL ESTATE ASSOCIATES LIMITED VI
(a California limited partnership)
CONSOLIDATED BALANCE SHEETS
JUNE 30, 2001 AND DECEMBER 31, 2000
(Unaudited)
June 30, December 31,
2001 2000
(Unaudited)
ASSETS
Investments in limited partnerships (Note 2) $ 523,507 $ 541,072
Cash and cash equivalents (Note 1) 2,784,597 3,197,380
Total assets $ 3,308,104 $ 3,738,452
LIABILITIES AND PARTNERS' DEFICIENCY
Liabilities:
Notes payable and amounts due for partnership
interests (Notes 3 and 6) $ 1,765,000 $ 1,765,000
Accrued interest payable (Notes 3 and 6) 2,133,200 2,064,801
Accounts payable and accrued expenses 26,454 16,429
3,924,654 3,846,230
Contingencies (Notes 4 and 5)
Partners' (deficiency) equity:
General partners (357,355) (352,267)
Limited partners (259,195) 244,489
(616,550) (107,778)
Total liabilities and partners' deficiency $ 3,308,104 $ 3,738,452
The accompanying notes are an integral part of these
consolidated financial statements.
REAL ESTATE ASSOCIATES LIMITED VI
(a California limited partnership)
CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2001 AND 2000
(Unaudited)
Three Months Ended Six Months Ended
June 30, June 30,
2001 2000 2001 2000
(Restated) (Restated)
INTEREST INCOME $ 23,775 $ 43,337 $ 64,513 $ 81,622
OPERATING EXPENSES:
Management fees - partners (Note 4) 51,609 51,342 103,217 102,950
General and administrative (Note 4) 42,872 73,530 84,519 131,236
Interest (Note 3) 34,200 34,200 68,400 68,400
Total operating expenses 128,681 159,072 256,136 302,586
Loss from Partnership operations (104,906) (115,735) (191,623) (220,964)
Distributions from limited partnerships
recognized as income (Note 2) 9,264 14,778 9,264 14,778
Equity in (loss) income of limited
partnerships and amortization of
acquisition costs (Note 2) (206,485) 12,000 (326,413) 24,000
Net loss $(302,127) $ (88,957) $(508,772) $(182,186)
Net loss per limited partnership
interest (Note 1) $ (18) $ (5) $ (30) $ (11)
The accompanying notes are an integral part of these
consolidated financial statements.
REAL ESTATE ASSOCIATES LIMITED VI
(a California limited partnership)
CONSOLIDATED STATEMENT OF PARTNERS' DEFICIENCY
FOR THE SIX MONTHS ENDED JUNE 30, 2001
(Unaudited)
General Limited
Partners Partners Total
Partnership interests 16,810
Partners' deficiency,
January 1, 2001 $ (352,267) $ (244,489) $ (107,778)
Net loss for the six months
ended June 30, 2001 (5,088) (503,684) (508,772)
Partners' deficiency,
June 30, 2001 $ (357,355) $ (259,195) $ (616,550)
The accompanying notes are an integral part of these
consolidated financial statements.
REAL ESTATE ASSOCIATES LIMITED VI
(a California limited partnership)
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE SIX MONTHS ENDED JUNE 30, 2001 AND 2000
(Unaudited)
2001 2000
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss $ (508,772) $ (182,186)
Adjustments to reconcile net loss to net cash (used in)
provided by operating activities:
Equity in loss (income) of limited partnerships and
amortization of acquisition costs 326,413 (24,000)
Decrease in due from NAPICO -- 239,770
Increase (decrease) in:
Accounts payable and accrued expenses 10,025 12,597
Accrued interest payable 68,399 53,266
Net cash (used in) provided by operating activities (103,935) 99,447
CASH FLOWS FROM INVESTING ACTIVITIES:
Distributions from limited partnerships recognized as a
return of capital 40,440 --
Advances to limited partnerships (349,288) (76,910)
Net cash used in investing activities (308,848) (76,910)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (412,783) 22,537
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 3,197,380 3,312,395
CASH AND CASH EQUIVALENTS, END OF PERIOD $2,784,597 $3,334,932
The accompanying notes are an integral part of these
consolidated financial statements.
REAL ESTATE ASSOCIATES LIMITED VI
(a California limited partnership)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
JUNE 30, 2001
NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
General
The information contained in the following notes to the financial statements is
condensed from that which would appear in the audited annual financial
statements; accordingly, the financial statements included herein should be
reviewed in conjunction with the financial statements and related notes thereto
contained in the annual report for the year ended December 31, 2000 prepared by
Real Estate Associates Limited VI and Subsidiaries (the "Partnership").
Accounting measurements at interim dates inherently involve greater reliance on
estimates than at year end. The results of operations for the interim periods
presented are not necessarily indicative of the results for the entire year.
In the opinion of the Partnership, the accompanying unaudited financial
statements contain all adjustments (consisting primarily of normal recurring
accruals) necessary to present fairly the financial position of the Partnership
at June 30, 2001 and the results of operations and changes in cash flows for the
three and six months then ended.
The general partners have a 1 percent interest in profits and losses of the
Partnership. The limited partners have the remaining 99 percent interest which
is allocated in proportion to their respective individual investments. National
Partnership Investments Corp. (NAPICO) is the managing general partner of the
Partnership. Casden Properties Inc. owns a 95.25% economic interest in NAPICO,
with the balance owned by Casden Investment Corporation ("CIC"). CIC, which is
wholly owned by Alan I. Casden, owns 95% of the voting common stock of NAPICO.
Basis of Presentation
The accompanying financial statements have been prepared in conformity with
accounting principles generally accepted in the United States of America.
Use of Estimates
The preparation of financial statements in conformity with accounting principles
generally accepted in the United States of America requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements and reported amounts of revenues and expenses during
the reporting period. Actual results could differ from those estimates.
Principles of Consolidation
The consolidated financial statements include the accounts of Real Estate
Associates Limited VI and its majority-owned general partnership. All
significant intercompany accounts and transactions have been eliminated in
consolidation.
Method of Accounting for Investment in the Unconsolidated Limited Partnerships
The investments in unconsolidated limited partnerships are accounted for on the
equity method. Acquisition, selection and other costs related to the acquisition
of the projects are capitalized as part of the investment account and are being
amortized on a straight line basis over the estimated lives of the underlying
assets, which is generally 30 years.
Net Loss Per Limited Partnership Interest
Net loss per limited partnership interest was computed by dividing the limited
partners' share of net loss by the number of limited partnership interests
outstanding during the period. The number of limited partnership interests was
16,810 for the periods presented.
Cash and Cash Equivalents
Cash and cash equivalents consist of unrestricted cash and bank certificates of
deposit with maturities of three months or less. The Partnership has its cash
and cash equivalents on deposit with high credit quality financial institutions.
Such cash and cash equivalents are in excess of the FDIC insurance limit.
Income Taxes
No provision has been made for income taxes in the accompanying financial
statements since such taxes, if any, are the liability of the individual
partners.
Impairment of Long-Lived Assets
The Partnership reviews long-lived assets to determine if there has been any
permanent impairment whenever events or changes in circumstances indicate that
the carrying amount of the asset may not be recoverable. If the sum of the
expected future cash flows is less than the carrying amount of the assets, the
Partnership recognizes an impairment loss.
NOTE 2 - INVESTMENTS IN LIMITED PARTNERSHIPS
The Partnership holds limited partnership interests in 20 limited partnerships
as of June 30, 2001. In addition, the Partnership holds a general partner
interest in REA III, which in turn, holds limited partner interests in 3
additional limited partnerships. In total, therefore, the Partnership holds
interests, either directly or indirectly through REA III, in 23 partnerships
located in 13 different states, which owned as of June 30, 2001, residential low
income rental projects consisting of 1,369 apartment units. The mortgage loans
of these projects are payable to or insured by various governmental agencies.
The Partnership, as a limited partner, is entitled to between 90 percent and 99
percent of the profits and losses of the limited partnerships it has invested in
directly. The Partnership is also entitled to 99.9 percent of the profits and
losses of REA III. REA III holds a 99 percent interest in each of the limited
partnerships in which it has invested.
Equity in losses of unconsolidated limited partnerships is recognized in the
financial statements until the limited partnership investment account is reduced
to a zero balance or to a negative amount equal to further capital contributions
required. Losses incurred after the limited partnership investment account is
reduced to zero are not recognized. The cumulative amount of the unrecognized
equity in losses of unconsolidated limited partnerships was in the aggregate
approximately $11,612,000 and $11,357,000 as of June 30, 2001 and December 31,
2000, respectively.
Distributions from the unconsolidated limited partnerships are accounted for as
a return of capital until the investment balance is reduced to zero. Subsequent
distributions received are recognized as income.
The following is a summary of the investment in unconsolidated limited
partnerships for the six months ended June 30, 2001:
Balance, beginning of period $ 541,072
Equity in loss of limited partnerships (326,413)
Advances to limited partnerships 349,288
Distribution recognized as a return of
capital (40,440)
Balance, end of period $ 523,507
The following are unaudited combined estimated statements of operations for the
three and six months ended June 30, 2001 and 2002 of the unconsolidated limited
partnerships in which the Partnership has investments:
Three Months Ended Six Months Ended
June 30, June 30,
2001 2000 2001 2000
Revenues
Rental and other $ 2,474,000 $ 2,482,000 $ 4,948,000 $ 4,964,000
Expenses
Depreciation 403,000 401,000 806,000 802,000
Interest 647,000 669,000 1,294,000 1,338,000
Operating 1,534,000 1,519,000 3,068,000 3,038,000
2,584,000 2,589,000 5,168,000 5,178,000
Net loss $ (110,000) $ (107,000) $ (220,000) $ (214,000)
NAPICO, or one of its affiliates, is the general partner and property management
agent for certain of the limited partnerships included above. The Local
Partnerships pay the affiliate property management fees in the amount of 5
percent of their gross rental revenues and data processing fees. The amounts
paid were approximately $61,613 for the six months ended June 30, 2001.
Under recent adopted law and policy, the United States Department of Housing and
Urban Development ("HUD") has determined not to renew the Housing Assistance
Payment ("HAP") Contracts on a long term basis on the existing terms. In
connection with renewals of the HAP Contracts under such new law and policy, the
amount of rental assistance payments under renewed HAP Contracts will be based
on market rentals instead of above market rentals, which may be the case under
existing HAP Contracts. The payments under the renewed HAP Contracts may not be
in an amount that would provide sufficient cash flow to permit owners of
properties subject to HAP Contracts to meet the debt service requirements of
existing loans insured by the Federal Housing Administration of HUD ("FHA")
unless such mortgage loans are restructured. In order to address the reduction
in payments under HAP Contracts as a result of this new policy, the Multi-family
Assisted Housing Reform and Affordability Act of 1997 ("MAHRAA"), which was
adopted in October 1997, provides for the restructuring of mortgage loans
insured by the FHA with respect to properties subject to the Section 8 program.
Under MAHRAA, an FHA-insured mortgage loan can be restructured into a first
mortgage loan which will be amortized on a current basis and a low interest
second mortgage loan payable to FHA which will only be payable on maturity of
the first mortgage loan. This restructuring results in a reduction in annual
debt service payable by the owner of the FHA-insured mortgage loan and is
expected to result in an insurance payment from FHA to the holder of the
FHA-insured loan due to the reduction in the principal amount. MAHRAA also
phases out project-based subsidies on selected properties serving families not
located in rental markets with limited supply, converting such subsidies to a
tenant-based subsidy.
When the HAP Contracts are subject to renewal, there can be no assurance that
the local limited partnerships in which the Partnership has an investment will
be permitted to restructure its mortgage indebtedness under MAHRAA. In addition,
the economic impact on the Partnership of the combination of the reduced
payments under the HAP Contracts and the restructuring of the existing
FHA-insured mortgage loans under MAHRAA is uncertain.
On December 30, 1998, after obtaining the consent of the limited partners, the
Partnership sold its limited partnership interest in 10 local limited
partnerships and its general partner interest in one local general partnership
to subsidiaries of Casden Properties Inc. The sale resulted in cash proceeds to
the Partnership of $1,397,081 which was collected in 1999. In March 1999, the
Partnership made cash distributions of $2,769,110 to the limited partners and
$27,971 to the general partners, primarily using proceeds from the sale of the
partnership interests.
NOTE 3 - NOTES PAYABLE AND AMOUNTS DUE FOR PARTNERSHIP INTERESTS
Certain of the Partnership's investments involved purchases of partnership
interests from partners who subsequently withdrew from the operating
partnership. The purchase of these interests provides for additional cash
payments of approximately $325,000 based upon specified events as outlined in
the purchase agreements. Such amounts have been recorded as liabilities. In
addition, the Partnership is obligated on non-recourse notes payable of
$1,440,000 which bear interest at 9.5 percent per annum and have principal
maturities ranging from December 1999 to December 2012.
The notes and related interest are payable from cash flow generated from
operations of the related rental properties as defined in the notes. These
obligations are collateralized by the Partnership's investments in the limited
partnerships. Unpaid interest is due at maturity of the notes.
Maturity dates of the notes payable and related accrued interest are as follows:
Accrued
Year Ending December 31, Notes Interest
2001 $ 520,000 $ 823,087
2002 -- --
2003 -- --
2004 -- --
2005 750,000 947,334
Thereafter 170,000 362,779
$1,440,000 $2,133,200
Notes and related accrued interest payable, aggregating $1,343,087 as of June
30, 2001 became payable in 1999.
Management is in the process of attempting to negotiate an extension of the
maturity date on the past due note payable.
NOTE 4 - MANAGEMENT FEES AND EXPENSES DUE TO GENERAL PARTNER
Under the terms of the Restated Certificate and Agreement of Limited
Partnership, the Partnership is obligated to NAPICO for an annual management fee
of approximately .4 percent of the original invested assets of the limited
partnerships. Invested assets are defined as the costs of acquiring project
interests, including the proportionate amount of the mortgage loans related to
the Partnership's interests in the capital accounts of the respective
partnerships. This fee was approximately $103,217 and $131,000 for the six
months ended June 30, 2001 and 2000, respectively.
The Partnership reimburses NAPICO for certain expenses. The reimbursement to
NAPICO was approximately $11,370 and $20,600 for the six months ended June 30,
2001 and 2000, respectively, and is included in general and administrative
expenses.
NOTE 5 - CONTINGENCIES
On August 27, 1998, two investors holding an aggregate of eight units of limited
partnership interests in Real Estate Associates Limited III (an affiliated
partnership in which NAPICO is the managing general partner) and two investors
holding an aggregate of five units of limited partnership interest in the
Partnership commenced an action in the United States District Court for the
Central District of California against the Partnership, NAPICO and certain other
affiliated entities. The complaint alleges that the defendants breached their
fiduciary duty to the limited partners of certain NAPICO managed partnerships
and made materially false and misleading statements in the consent solicitation
statements sent to the limited partners of such partnerships relating to
approval of the transfer of partnership interests in limited partnerships,
owning certain of the properties, to affiliates of Casden Properties Inc.,
organized by an affiliate of NAPICO. The plaintiffs seek equitable relief, as
well as compensatory damages and litigation related costs. On August 4, 1999,
one investor holding one unit of limited partnership interest in Housing
Programs Limited commenced a virtually identical action in the United States
District Court for the Central District of California against the Partnership,
NAPICO and certain other affiliated entities. NAPICO, the managing general
partner of such partnerships, and the other defendants believe that the
plaintiffs' claims are without merit and are contesting the actions vigorously.
The managing general partner of the Partnership is involved in various lawsuits
and have also been named defendants in other lawsuits arising from transactions
in the ordinary course of business. In the opinion of management and the
corporate general partner, the claims will not result in any material liability
to the Partnership.
NOTE 6 - FAIR VALUE OF FINANCIAL INSTRUMENTS
Statement of Financial Accounting Standards No. 107, "Disclosure about Fair
Value of Financial Instruments," requires disclosure of fair value information
about financial instruments, when it is practicable to estimate that value. The
mortgage notes payable are insured by HUD and are collateralized by the
Partnership's investments in investee limited partnerships and are payable only
out of cash distributions from the investee partnerships. The operations
generated by the property and investee limited partnerships, are subject to
various government rules, regulations and restrictions which make it
impracticable to estimate the fair value of the mortgage note payable and the
notes payable and related accrued interest. The carrying amount of other assets
and liabilities reported on the balance sheets that require such disclosure
approximates fair value due to their short-term maturity.
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS
Liquidity and Capital Resources
The Partnership's primary sources of funds include interest income on short term
investments and distributions from limited partnerships in which the Partnership
has invested. It is not expected that any of the local limited partnerships in
which the Partnership has invested will generate cash flow sufficient to provide
for distributions to limited partners in any material amount. The Partnership
made a distribution to investors in June 30, 2001, previously using proceeds
from the disposition of its investments in certain limited partnerships.
Results of Operations
Rental operations consist primarily of rental income and depreciations expense,
debt service, and normal operating expenses to maintain the properties.
Variances in rental operations from the prior year to the current year relate to
the sale of the Drexel property.
Partnership revenues consist primarily of interest income earned on certificates
of deposit and other temporary investment of funds not required for investment
in local partnerships.
Operating expenses consist primarily of recurring general and administrative
expenses and professional fees for services rendered to the Partnership. In
addition, an annual Partnership management fee in an amount equal to 0.4 percent
of invested assets is payable to the corporate general partner.
The Partnership accounts for its investments in the local limited partnerships
on the equity method, thereby adjusting its investment balance by its
proportionate share of the income or loss of the local limited partnerships.
Losses incurred after the limited partnership investment account is reduced to
zero are not recognized in accordance with the equity accounting method.
Distributions received from limited partnerships are recognized as return of
capital until the investment balance has been reduced to zero or to a negative
amount equal to future capital contributions required. Subsequent distributions
received are recognized as income.
Except for certificates of deposit and money market funds, the Partnership's
investments are entirely from interests in other limited and general
partnerships owning government assisted projects. Available cash is invested in
these funds earning interest income as reflected in the statement of operations.
These funds can be converted to cash to meet obligations as they arise.
Under recent adopted law and policy, the United States Department of Housing and
Urban Development ("HUD") has determined not to renew the Housing Assistance
Payment ("HAP") Contracts on a long term basis on the existing terms. In
connection with renewals of the HAP Contracts under such new law and policy, the
amount of rental assistance payments under renewed HAP Contracts will be based
on market rentals instead of above market rentals, which may be the case under
existing HAP Contracts. The payments under the renewed HAP Contracts may not be
in an amount that would provide sufficient cash flow to permit owners of
properties subject to HAP Contracts to meet the debt service requirements of
existing loans insured by the Federal Housing Administration of HUD ("FHA")
unless such mortgage loans are restructured. In order to address the reduction
in payments under HAP Contracts as a result of this new policy, the Multi-family
Assisted Housing Reform and Affordability Act of 1997 ("MAHRAA"), which was
adopted in October 1997, provides for the restructuring of mortgage loans
insured by the FHA with respect to properties subject to the Section 8 program.
Under MAHRAA, an FHA-insured mortgage loan can be restructured into a first
mortgage loan which will be amortized on a current basis and a low interest
second mortgage loan payable to FHA which will only be payable on maturity of
the first mortgage loan. This restructuring results in a reduction in annual
debt service payable by the owner of the FHA-insured mortgage loan and is
expected to result in an insurance payment from FHA to the holder of the
FHA-insured loan due to the reduction in the principal amount. MAHRAA also
phases out project-based subsidies on selected properties serving families not
located in rental markets with limited supply, converting such subsidies to a
tenant-based subsidy.
When the HAP Contracts are subject to renewal, there can be no assurance that
the local limited partnerships in which the Partnership has an investment will
be permitted to restructure its mortgage indebtedness under MAHRAA. In addition,
the economic impact on the Partnership of the combination of the reduced
payments under the HAP Contracts and the restructuring of the existing
FHA-insured mortgage loans under MAHRAA is uncertain.
On December 30, 1998, the Partnership sold its limited partnership interests in
10 local limited partnerships and its general partner interest in one local
general partnership to subsidiaries of Casden Properties Inc. The sale resulted
in cash proceeds to the Partnership of $1,397,081 which was collected subsequent
to year end. In March 1999, the Partnership made cash distributions of
$2,769,110 to the limited partners and $27,971 to the general partners,
primarily using proceeds from the sale of the partnership interests.
Notes and related accrued interest payable, aggregating $1,343,087 as of June
30, 2001 became payable in 1999.
Management is in the process of attempting to negotiate an extension of the
maturity date on the past due note payable.
PART II - OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS
On August 27, 1998, two investors holding an aggregate of eight units of limited
partnership interests in Real Estate Associates Limited III (an affiliated
partnership in which NAPICO is the managing general partner) and two investors
holding an aggregate of five units of limited partnership interest in the
Partnership commenced an action in the United States District Court for the
Central District of California against the Partnership, NAPICO and certain other
affiliated entities. The complaint alleges that the defendants breached their
fiduciary duty to the limited partners of certain NAPICO managed partnerships
and made materially false and misleading statements in the consent solicitation
statements sent to the limited partners of such partnerships relating to
approval of the transfer of partnership interests in limited partnerships,
owning certain of the properties, to affiliates of Casden Properties Inc.,
organized by an affiliate of NAPICO. The plaintiffs seek equitable relief, as
well as compensatory damages and litigation related costs. On August 4, 1999,
one investor holding one unit of limited partnership interest in Housing
Programs Limited commenced a virtually identical action in the United States
District Court for the Central District of California against the Partnership,
NAPICO and certain other affiliated entities. NAPICO, the managing general
partner of such partnerships, and the other defendants believe that the
plaintiffs' claims are without merit and are contesting the actions vigorously.
The Partnership's managing general partner is involved in various lawsuits. None
of these lawsuits are related to the Partnership.
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
a) No exhibits are required per the provision of Item 7 of
regulation S-K and no reports on Form 8K were filed during the
quarter ended June 30, 2001.
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.
REAL ESTATE ASSOCIATES LIMITED VI AND
SUBSIDIARIES
(a California limited partnership)
By: National Partnership Investments Corp.
General Partner
By: Charles H. Boxenbaum
Charles H. Boxenbaum
Chairman of the Board of Directors
and Chief Executive Officer
By: /s/Brian H. Shuman
Brian H. Shuman
Chief Financial Officer
Date: August 19, 2002