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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): December 10, 1996
CENTURY HILLCRESTE APARTMENT INVESTORS, L.P.
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(Exact name of Registrant as specified in charter)
California 33-22857 95-4166241
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
9090 Wilshire Boulevard
Suite 210
Beverly Hills, California 90211
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Address of Principal Executive Offices
Registrant's telephone number, including area code: 310/278-2191
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ITEM 5. OTHER EVENTS.
The Registrant recently became aware that an entity identified
as MacKenzie Patterson, Inc. ("MacKenzie") was apparently conducting a tender
offer for Units in the Registrant pursuant to an undated "Offer to Purchase
Limited Partnership Interests." Registrant has no further information about
this "Offer" or MacKenzie. Within ten days of confirming that Limited Partners
were receiving the "Offer," the General Partners on behalf of the Registrant,
by letter, mailed on or about December 10, 1996, advised the Limited Partners
that the General Partners recommended rejecting the "Offer" because they
believe that it does not reflect the true value of the Units. Copies of the
"Offer" and the Registrant's letter are attached hereto as Exhibits.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibits
The following exhibits are attached to this Current Report and thereby
made a part thereof:
1. Copy of the "Offer to Purchase Limited Partnership
Interest" documents as received from Registrant's
Limited Partners.
2. Copy of the Registrant's letter to Limited Partners.
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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.
DATED: December 11, 1996
CENTURY HILLCRESTE APARTMENT INVESTORS, L.P.,
A CALIFORNIA LIMITED PARTNERSHIP
BY: NATIONAL PARTNERSHIP INVESTMENTS CORP.,
A CALIFORNIA CORPORATION,
ITS GENERAL PARTNER
By: Patricia W. Toy
Its: Senior Vice President and
Assistant Secretary
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