SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K/A
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
SEPTEMBER 29, 1998
Date of report (Date of
earliest event reported)
WILSHIRE REAL ESTATE INVESTMENT TRUST INC.
(Exact name of registrant as specified in its charter)
MARYLAND 0-23911 52-2081138
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(State or other Commission File Number (I.R.S. Employer
jurisdiction of Identification Number)
incorporation)
1776 SW MADISON STREET, PORTLAND, OR97205
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(Address of principal executive offices)(Zip Code)
(503) 223-5600
Registrant's telephone number, including area code
NOT APPLICABLE
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(Former name or former address, if changed since
last report)
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
This Current Report on Form 8-K/A amends the Current Report on Form 8-K
filed by Wilshire Real Estate Investment Trust Inc. (the "Company") on October
14, 1998. It provides the pro forma financial information for loan pool
purchased from Salomon Smith Barney Inc. and the financing thereto ("Salomon
Loan Pool").
As previously reported, on October 14, 1998, the Company acquired a pool of
approximately 3,766 one-to-four family fully amortizing mortgage loans secured
by first liens for $421.8 million in cash plus closing costs from Salomon Smith
Barney Inc., an unaffiliated third party (the "Seller"). The acquisition was
financed by securitizing loans for $374.2 million, less closing costs and other
borrowings including an existing repurchase agreement.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(b) Pro forma financial information related to the loans and related financing
listed under Item 2 is attached hereto, and incorporated herein by reference, as
Exhibit 99.
(c) Exhibits
The following exhibits are filed as part of this report:
2.1 Assignment, assumption and recognition agreement dated September 30,
1998 among Salomon Brothers Realty Corp., Wilshire Real Estate
Investment Trust Inc. and Ameriquest Mortgage Co.
2.2 Assignment, assumption and recognition agreement dated September 30,
1998 among Salomon Brothers Realty Corp., Wilshire Real Estate
Investment Trust Inc. and Ameriquest Mortgage Co.
2.3 Assignment, assumption and recognition agreement dated September 30,
1998 among Salomon Brothers Realty Corp., Wilshire Real Estate
Investment Trust Inc. and Long Beach Mortgage Co.
2.4 Assignment, assumption and recognition agreement dated September 30,
1998 among Salomon Brothers Realty Corp., Wilshire Real Estate
Investment Trust Inc. and National Mortgage Sales Corp.
2.5 Assignment, assumption and recognition agreement dated September 30,
1998 among Salomon Brothers Realty Corp., Wilshire Real Estate
Investment Trust Inc. and Ameriquest Mortgage Co.
99 Pro forma financial information
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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.
WILSHIRE REAL ESTATE
INVESTMENT TRUST INC.
Date: November 4, 1998 By: /s/ Chris Tassos
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Chris Tassos
Executive Vice President and
Chief Financial Officer
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INDEX TO EXHIBITS FILED HEREWITH
EXHIBIT DESCRIPTION
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2.1 Assignment, assumption and recognition agreement dated September 30,
1998 among Salomon Brothers Realty Corp., Wilshire Real Estate
Investment Trust Inc. and Ameriquest Mortgage Co.
2.2 Assignment, assumption and recognition agreement dated September 30,
1998 among Salomon Brothers Realty Corp., Wilshire Real Estate
Investment Trust Inc. and Ameriquest Mortgage Co.
2.3 Assignment, assumption and recognition agreement dated September 30,
1998 among Salomon Brothers Realty Corp., Wilshire Real Estate
Investment Trust Inc. and Long Beach Mortgage Co.
2.4 Assignment, assumption and recognition agreement dated September 30,
1998 among Salomon Brothers Realty Corp., Wilshire Real Estate
Investment Trust Inc. and National Mortgage Sales Corp.
2.5 Assignment, assumption and recognition agreement dated September 30,
1998 among Salomon Brothers Realty Corp., Wilshire Real Estate
Investment Trust Inc. and Ameriquest Mortgage Co.
99 Pro Forma Financial Information - Narrative Format
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