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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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) July 31, 1997 (June 16, 1997)
NEW PLAN REALTY TRUST
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(Exact Name of Registrant as Specified in Charter)
Massachusetts 0-7532 13-1995781
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
1120 Avenue of the Americas, New York, New York 10036
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (212) 869-3000
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(Former Name or Former Address, if Changed Since Last Report)
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Item 2. Acquisition and Disposition of Assets
See "Item 5 - Other Events"
Item 5. Other Events
The Form 8-K filed by New Plan Realty Trust (the "Trust") dated June 30,
1997 included certain acquisitions through June 5, 1997. Since June 5, 1997
the Trust has made the following acquisitions:
June 30, 1997 Hillcrest Apartments, Mobile, AL
The property consists of 140 units on approximately 7
acres.
At the time of acquisition the property was 99% occupied.
The seller was: Park Lane II Ltd.
June 16, 1997 Regency Park Shopping Center, Jacksonville, FL
The property consists of approximately 328,000 square feet
of gross leasable area on approximately 38 acres with space
for 30 tenants.
At the time of acquisition the property was 92% occupied.
The principal tenants are: Pack & Save, Publix
Supermarkets, Service Merchandise, Marshall's, Michael
Stores.
The seller was: Regency Park Associates
July 16, 1997 Eisenhower Shopping Center, Savannah, GA
The property consists of approximately 125,000 square feet
of gross leasable area on approximately 12 acres with space
for 22 tenants.
At the time of acquisition the property was 91% occupied.
The principal tenant is: Food Lion
The seller was: Eisenhower Square Associates.
July 17, 1997 New Chastain Corners Shopping Center, Marietta, GA
The property consists of approximately 108,000 square feet
of gross leasable area on approximately 13 acres with space
for 28 tenants.
At the time of acquisition the property was 100% occupied.
The principal tenants are: Krogers, Blockbuster.
The seller was: 3595 Canton Road Corp.
July 18, 1997 Westridge Court Shopping Center, Naperville, IL
The property consists of approximately 448,000 square feet
of gross leasable area on approximately 50 acres with space
for 49 tenants.
At the time of acquisition the property was 97% occupied.
The principal tenants are: Cub Foods, Marshall's CompUSA,
Borders Books, Linens'N Things, Odeon Cinema
The seller was: Columbia Properties Incorporated.
Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits.
(a) and (b) Financial Statements of Businesses Acquired and Pro Forma
Financial Information.
The aggregate purchase price of the properties (the "Properties")
described in Item 5 above was approximately $85 million, of which $84 million
was paid in cash and a mortgage for approximately $1 million was assumed. The
purchase price of each of the Properties, in the aggregate, represents more
than 10% of the total unaudited assets of the Trust.
As a result of the acquisition of the Properties, the properties acquired
but as to which there are no audited financial statements, now exceed 10% of
the assets of the Trust. Audited statements of revenues and certain operating
expenses relative to certain of the Properties and pro forma condensed
financial information reflecting the acquisition of certain of the Properties
will be filed under cover of Form 8-K/A as soon as practicable, but not later
than 60 days after this report on Form 8-K.
(c) Exhibits
None.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: July 31, 1997
NEW PLAN REALTY TRUST
By:/s/ Michael I. Brown
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Michael I. Brown
Chief Financial Officer and
Controller