UNITED STATES
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) July 30,
2003
___AEI REAL ESTATE FUND XVII LIMITED PARTNERSHIP___
(Exact Name of Registrant as Specified in its Charter)
_________________State of Minnesota______________
(State or other Jurisdiction of Incorporation or
Organization)
______0-17467_________ _____41-1603719_____
(Commission File Number) (I.R.S. Employer
Identification No.)
_____30 East 7th Street, Suite 1300, St. Paul, Minnesota
55101_____
(Address of Principal Executive Offices)
_______________(651) 227-7333_______________
(Registrant's telephone number, including area code)
___________________________________________________________
(Former name or former address, if changed since last
report)
Item 2. Acquisition or Disposition of Assets.
On July 30, 2003, the Partnership sold a Taco Cabana
restaurant in San Marcos, Texas to the lessee. The
Partnership received net proceeds of approximately
$1,330,000 for the property, which resulted in a net gain of
approximately $742,000.
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 January 1, 2002, the Partnership's
Investments in Real Estate would have been
reduced by $618,650 and its Current Assets
(cash) would have increased by approximately
$1,330,000 and Partner's Capital would have
increased by $711,350.
The rental income for the Partnership would
have decreased from $1,696,473 to $1,512,681
for the year ended December 31, 2002 and from
$737,252 to $643,464 for the six months ended
June 30, 2003 if the Partnership had not owned
the property during the periods.
Depreciation Expense would have decreased by
$20,084 and $10,042 for the year ended
December 31, 2002 and the six months ended
June 30, 2003, respectively.
Partnership Administration and Property
Management Expense would have decreased by
$856 and $443 for the year ended December 31,
2002 and the six months ended June 30, 2003,
respectively.
The net effect of these pro forma adjustments
would have caused Net Income to decrease from
$2,043,920 to $1,881,068 and from $1,395,132
to $1,311,829, which would have resulted in
Net Income of $91.64 and $64.47 per Limited
Partnership Unit outstanding for the year
ended December 31, 2002 and the six months
ended June 30, 2003, respectively.
(b) Exhibits
Exhibit 10.1 - Purchase Agreement
dated May 21, 2003 between the
Partnership and Texas Taco Cabana,
LP relating to the property at 135
Long Street, San Marcos, Texas
(incorporated by reference to
Exhibit 10.1 of Form 10-QSB filed
on August 8, 2003).
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 XVII
LIMITED PARTNERSHIP
By: AEI Fund Management XVII, Inc.
Its: General Partner
Date: August 11, 2003 /s/ Patrick W. Keene
By: Patrick W. Keene
Its Chief Financial Officer