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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
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Date of Report (Date of earliest event reported): May 29, 1998
SUMMIT PROPERTIES PARTNERSHIP, L.P.
(Exact name of Registrant as specified in charter)
Delaware 0-22411 56-1857809
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(State or other jurisdiction (Commission file number) (IRS employer
of incorporation) identification no.)
212 South Tryon Street, Suite 500, Charlotte, NC 28281
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(Address of principal executive offices) (Zip Code)
(704) 334-9905
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(Registrant's telephone number, including area code)
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Item 5. Other Events
On May 29, 1998, Summit Properties Partnership, L.P. a Delaware limited
partnership (the "Partnership"), commenced a Medium-Term Note Program (the
"Program") which provides that the Partnership may offer and sell from time to
time its Medium-Term Notes due Nine Months or More from Date of Issue in an
aggregate principal amount of up to $95,000,000 (the "MTNs") as described in the
Partnership's Prospectus Supplement dated May 29, 1998 to the Partnership's
Prospectus dated July 29, 1997. The Partnership's Prospectus Supplement was
filed with the Securities Exchange Commission under Rule 424(b)(3) on May 29,
1998. The MTNs will be issued pursuant to the Partnership's existing shelf
registration statement (Registration No. 333-25575).
The MTNs will be offered and sold by J.P. Morgan Securities Inc., First Union
Capital Markets, a division of Wheat First Securities, Inc., Merrill Lynch &
Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co.
Incorporated as Agents for the Partnership (the "Agents") pursuant to that
certain Distribution Agreement among the Partnership, Summit Properties Inc.
(the "Company") and the Agents dated May 29, 1998. The MTNs will be issued under
an Indenture between the Company and First Union National Bank, as trustee (the
"Trustee").
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Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Financial Statements of Business Acquired: Not Applicable
(b) Pro Forma Financial Information: Not Applicable
(c) Exhibits:
1.1 Distribution Agreement among the Partnership,
the Company, and the Agents, dated May 29, 1998,
relating to the MTNs.
4.1 Indenture, dated as of August 7, 1997, between the
Partnership and the Trustee (incorporated by
reference to the Form 8-K filed by the Partnership on
August 11, 1997 (File No. 0-22411)).
4.2 Supplemental Indenture No. 3 dated as of May 29, 1998
between the Partnership and the Trustee including a
form of Floating Rate Medium-Term Note and a form of
Fixed Rate Medium-Term Note.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be filed on its behalf by
the undersigned hereunto duly authorized.
SUMMIT PROPERTIES PARTNERSHIP, L.P.
By: SUMMIT PROPERTIES INC., its general partner
Dated: June 2, 1998 By: /s/ Michael L. Schwarz
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Michael L. Schwarz
Executive Vice President
Chief Financial Officer