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) January 30, 1998 Krupp Cash Plus-V Limited Partnership Massachusetts 0-18498 04-3021560 (State or other jurisdiction of (Commission (IRS employer incorporation or organization) file number) identification no.) 470 Atlantic Avenue, Boston, Massachusetts 02210 (Address of principal executive offices) (Zip Code) (617) 423-2233 (Registrant's telephone number, including area code) Item 2. Acquisition or Disposition of Assets Disposition of Spring Valley Marketplace On December 2, 1997, Berkshire Realty Enterprise Limited Partnership, an affiliate of the General Partner, as agent for Krupp Cash Plus-V Limited Partnership (the "Partnership") and its Joint Venture Partner, Berkshire Realty Company Inc., (collectively referred to herein as the "Joint Venture Partners") entered into an Agreement of Sale to sell the Joint Venture"s property, Spring Valley Marketplace, a shopping center containing 320,684 leasable square feet located in Spring Valley, New York, to Kejack, Inc. and its permitted assigns, which are unaffiliated third parties. The property was included in a package with thirteen other properties owned by affiliates of the General Partner. The total selling price of the fourteen properties was $138,000,000, of which the Joint Venture Partners received $29,571,700, less their share of the closing costs. The transaction was consummated on January 30, 1998. The sale is considered a Terminating Capital Transaction as defined by the Partnership Agreement. Accordingly, the General Partner expects to liquidate and distribute the remaining assets of the Partnership in 1998. Item 7. Financial Statements, Proforma Financial Statements and Exhibits (a) Financial Statements of Business Acquired Response: Not applicable (b) Pro Forma Financial Information On January 30, 1998, Krupp Cash Plus-V Limited Partnership (the "Partnership") and it Joint Venture Partner, Berkshire Realty Company Inc., (collectively referred to herein as the "Joint Venture Partners") sold their property to Kejack, Inc. and its permitted assigns, which are unaffiliated third parties. The property was included in a package with thirteen other properties owned by affiliates of the General Partner. The total selling price of the fourteen properties was $138,000,000, of which the Joint Venture Partners received $29,571,700, less their share of the closing costs. The Partnership has presented in this Form 8-K, a Pro Forma Balance Sheet at September 30, 1997 and Pro Forma Statement of Operations for the nine months ended September 30, 1997 and for the year ended December 31, 1996. See Note 1 to the Pro Forma Financial Statements for further discussion of this matter. KRUPP CASH PLUS-V LIMITED PARTNERSHIP PRO FORMA BALANCE SHEET September 30, 1997 (unaudited) ASSETS Actual at Pro ProForma September 30, Forma September 30, 1997 Adjustments 1997 (Note 1) (Note 1) (Note 1) Real estate assets: Investment in Joint Venture $ 21,852,808 $ (21,852,808)$ - Mortgage-backed securities ("MBS"), net of accumulated amortization 600,199 600,199 Total real estate assets 22,453,007 (21,852,808) 600,199 Cash and cash equivalents 1,109,368 - 1,109,368 Other assets 17,409 - 17,409 Total assets$ 23,579,784 $ (21,852,808) $ 1,726,976 LIABILITIES AND PARTNERS' EQUITY Liabilities: Accrued expenses $ 15,942 $ - $ 15,942 Partners' equity 23,563,842 (21,852,808) 1,711,034 Total liabilities and Partners' equity$ 23,579,784 $(21,852,808) $ 1,726,976 See accompanying note to pro forma financial statements. KRUPP CASH PLUS-V LIMITED PARTNERSHIP PRO FORMA STATEMENT OF OPERATIONS For the Nine Months Ended September 30, 1997 (unaudited) As Reported for the Nine Pro Forma for the Months Ended ProNine Months Ended September 30, Forma September 30, 1997 Adjustments 1997 (Note 1) (Note 1) (Note 1) Revenue: Partnership's share of Joint Venture net income $ 479,081 $(479,081) $ - Interest income - MBS 43,163 43,163 Interest income - other 53,627 - 53,627 Total revenue 575,871 (479,081) 96,790 Expenses: General and administrative 123,633 - 123,633 Asset management fees 106,566 (104,234) 2,332 Amortization of acquisition costs 78,439 (78,439) - Total expenses 308,638 (182,673) 125,965 Net income (loss) $ 267,233 $ (296,408) $ (29,175) See accompanying note to pro forma financial statements. KRUPP CASH PLUS-V LIMITED PARTNERSHIP PRO FORMA STATEMENT OF OPERATIONS For the Year Ended December 31, 1996 (unaudited) As Reported for Pro Forma for the Year Ended Pro Forma the Year Ended December 31, 1996 Adjustments December 31, 1996 (Note 1) (Note 1) (Note 1) Revenue: Partnership's share of Joint Venture net income $ 910,834 $ (910,834)$ - Interest income - MBS 72,801 - 72,801 Interest income - other 96,793 - 96,793 Total revenue 1,080,428 (910,834) 169,594 Expenses: General and administrative 134,399 - 134,399 Asset management fees 143,178 - 143,178 Amortization of acquisition costs 104,586 - 104,586 Total expenses 382,163 - 382,163 Net income (loss) $ 698,265 $ (910,834) $ (212,569) See accompanying note to pro forma financial statements. KRUPP CASH PLUS-V LIMITED PARTNERSHIP NOTE TO PRO FORMA FINANCIAL STATEMENTS (1)Basis of Presentation The Pro Forma Balance Sheet at September 30, 1997 is based on the historical Balance Sheet of the Partnership as reported on Form 10-Q for the quarter ended September 30, 1997. The Pro Forma adjustment represents an adjustment to the Partnership's investment in Spring Valley Marketplace Joint Venture (the "Joint Venture") to show the effect of the sale. The Pro Forma Balance Sheet at September 30, 1997 reflects the balance sheet as if the sale had occurred prior to September 30, 1997. The Pro Forma Statement of Operations for the nine months ended September 30, 1997 is based on the historical Statement of Operations of the Partnership as reported on Form 10-Q for the nine months ended September 30, 1997. The Pro Forma Statement of Operations for the year ended December 31, 1996 is based on the historical Statement of Operations for the Partnership as presented in the annual report on Form 10-K for the year ended December 31, 1996. The Pro Forma adjustments represent the Partnership's share of Spring Valley Marketplace's net income for the respective period presented. The Pro Forma Statements of Operations for the nine months ended September 30, 1997 and for the year ended December 31, 1996 reflect the results of operations of the Partnership as if the Joint Venture Partners had sold Spring Valley Marketplace prior to January 1, 1996. The Pro Forma Statements of Operations do not reflect any gain or loss which may be recognized by the Partnership as a result of the sale. (c) Exhibits 1. Agreement of Sale dated December 2, 1997 between Berkshire Realty Enterprise Limited Partnership, agent for Krupp Cash Plus-V Limited Partnership, and Kejack, Inc. and its permitted assigns [Exhibit 1 to Registrant's Report on Form 8-K dated February 2, 1998 (File No. 0- 18498)].* 2. First Amendment to Agreement of Sale dated December 12, 1997 between Berkshire Realty Enterprise Limited Partnership, agent for Krupp Cash Plus-V Limited Partnership, and Kejack, Inc. and its permitted assigns [Exhibit 2 to Registrant's Report on Form 8-K dated February 2, 1998 (File No. 0-18498)].*. 3. Second Amendment to Agreement of Sale dated December 14, 1997 between Berkshire Realty Enterprise Limited Partnership, agent for Krupp Cash Plus-V Limited Partnership, and Kejack, Inc. and its permitted assigns [Exhibit 3 to Registrant's Report on Form 8-K dated February 2, 1998 (File No. 0-18498)].* 4. Side letter dated December 17, 1997 from William S. Gee on behalf of Kejack, Inc. and its permitted assigns to Eli Rubenstein, Esq. on behalf of Berkshire Realty Enterprise Limited Partnership, agent for Krupp Cash Plus-V Limited Partnership [Exhibit 4 to Registrant's Report on Form 8-K dated February 2, 1998 (File No. 0-18498)].* 5. Side letter dated January 6, 1998 from William S. Gee on behalf of Kejack, Inc. and its permitted assigns to Eli Rubenstein, Esq. on behalf of Berkshire Realty Enterprise Limited Partnership, agent for Krupp Cash Plus-V Limited Partnership [Exhibit 5 to Registrant's Report on Form 8-K dated February 2, 1998 (File No. 0- 18498)].* * Incorporated by reference. SIGNATURE 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. Krupp Cash Plus-V Limited Partnership (Registrant) BY: /s/Wayne H. Zarozny Wayne H. Zarozny Treasurer and Chief Accounting Officer of the Krupp Corporation, an affiliate of the General Partner. DATE: March 31, 1998