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) October 19, 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 October 19, 2004, the Partnership sold an Applebee's
restaurant in Ashland, Ohio to Gerald N. Becker and Mary K.
Becker, unrelated third parties. The Partnership received net
cash proceeds of approximately $2,307,000 for the property, which
resulted in a net gain of approximately $366,000.
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. On
April 30, 2004, the Partnership purchased the
Applebee's restaurant in Ashland, Ohio for $1,955,054.
Since the Partnership did not own the property at the
end of the most recent fiscal year, a pro forma balance
sheet for the year ended December 31, 2003 is not
applicable. Assuming the Partnership had sold the
property on April 30, 2004, the effect on the income
statement would be as follows:
For the six months ended June 30, 2004, Income from
Continuing Operations would have decreased $19,186,
representing a decrease in rental income of $24,844, a
decrease in depreciation expense of $5,498 and a
decrease in property management expenses of $160.
The net effect of these pro forma adjustments would
have caused Net Income to decrease from $2,766,936 to
$2,747,750, which would have resulted in Net Income of
$137.86 per Limited Partnership Unit outstanding for
the six months ended June 30, 2004.
(c) Exhibits.
Exhibit 10.1 - Purchase Agreement dated October 7, 2004
between the Partnership and Gerald N. Becker and Mary
K. Becker relating to the Property at 2250 Claremont
Avenue, Ashland, Ohio.
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 20, 2004 /s/ Patrick W Keene
By: Patrick W. Keene
Its: Chief Financial Officer