SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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) March 29, 1996
AEI REAL ESTATE FUND XVI LIMITED PARTNERSHIP
(Exact Name of Registrant as Specified in its Charter)
State of Minnesota
(State or other Jurisdiction of Incorporation or Organization)
0-16555 41-1571166
(Commission File Number) (I.R.S. Employer
Identification No.)
1300 Minnesota World Trade Center, St. Paul, Minnesota 55101
(Address of Principal Executive Offices)
(612) 227-7333
(Registrant's telephone number, including area code)
(Former name or former address, if changed since last report)
Item 1. Changes in Control of Registrant.
Not Applicable.
Item 2. Acquisition or Disposition of Assets.
On March 29, 1996, the Partnership sold its 50%
interest in a Super 8 Motel in Hot Springs, Arkansas to Jim
and Linda Flannery, the owners of the lessee. The remaining
50% was sold by an affiliated Partnership, AEI Real Estate
Fund XV Limited Partnership. The Flannerys are not
affiliated with the Partnership. The total cash sales price
was $1,360,000.
The Partnership received approximately $678,300 for
its interest in the property and recognized a net gain of
approximately $230,000
Item 3. Bankruptcy or Receivership.
Not Applicable.
Item 4. Changes in Registrant's Certifying Accountant.
Not Applicable.
Item 5. Other Events.
None.
Item 6. Resignation of Registrant's Directors.
Not Applicable.
Item 7. Financial Statements and Exhibits.
(a) A limited number of proforma adjustments are
required to illustrate the effects of the
transaction on the balance sheet and income
statement. The following narrative
description is furnished in lieu of the
proforma statements:
Assuming the Partnership had sold the property
on December31, 1995, the Partnership's
Investments in Real Estate and Accumulated
Depreciation would have been reduced by
$583,653 and $131,056, respectively, and its
Current Assets (cash) would have been
increased by $678,300.
At December 31, 1995, the Partnership would
have recognized a net gain of approximately
$225,700.
(c) Exhibits
Exhibit 10.1 - Purchase Agreement dated
July 25, 1995 between the
Partnership, AEI Real Estate Fund
XV Limited Partnership and Motel
Developers, Inc. relating to the
property at 4726 Central Avenue,
Hot Springs, Arkansas.
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.
AEI REAL ESTATE FUND XVI
LIMITED PARTNERSHIP
By: AEI Fund Management XVI, Inc.
Its: Managing General Partner
Date: April 2, 1996
By: Mark E. Larson
Its Chief Financial Officer