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 Exchange Act of
1934
Date of Report (Date of earliest event reported) September 30, 2004
AEI REAL ESTATE FUND XVII LIMITED PARTNERSHIP
(Exact name of registrant as specified in its charter)
State of Minnesota 0-17467 41-1603719
(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) 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)
Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions:
[ ] Written communication pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act
(17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act
(17 CFR 240.13e-4(c))
Section 2 - Financial Information
Item 2.01 Completion of Acquisition or Disposition of Assets.
On September 30, 2004, the Partnership sold a Children's
World daycare center in Chino, California to HP & J Associate,
LLC, an unrelated third party. The Partnership received net cash
proceeds of approximately $1,629,000 for the property, which
resulted in a net gain of approximately $837,600.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(a) Financial statements of businesses acquired - Not
Applicable.
(b) Pro forma financial information - A limited number of
pro forma 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 pro forma statements.
Assuming the Partnership had sold the property on
January 1, 2003:
The Partnership's Investments in Real Estate would have
been reduced by $841,995 and its Current Assets (cash)
would have increased by $1,629,000 and Partner's
Capital would have increased by $787,005.
For the year ended December 31, 2003, Income from
Continuing Operations would have decreased $150,524,
representing a decrease in rental income of $181,170, a
decrease in depreciation expense of $28,908 and a
decrease in property management expenses of $1,738.
For the six months ended June 30, 2004, Income from
Continuing Operations would have decreased $76,048,
representing a decrease in rental income of $92,152, a
decrease in depreciation expense of $14,454 and a
decrease in property management expenses of $1,650.
The net effect of these pro forma adjustments would
have caused Net Income to decrease from $2,596,383 to
$2,445,859 and from $2,766,396 to $2,690,888, which
would have resulted in Net Income of $120.69 and
$135.01 per Limited Partnership Unit outstanding for
the year ended December 31, 2003 and the six months
ended June 30, 2004, respectively.
(c) Exhibits.
Exhibit 10.1 - Purchase Agreement dated September 9,
2004 between the Partnership and HP & J Associates, LLC
relating to the Property at 14635 Pipeline Avenue
South, Chino, California.
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: Managing General Partner
Date: October 4, 2004 /s/ Patrick W Keene
By: Patrick W. Keene
Its: Chief Financial Officer