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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): October 10, 1997
CLUSTER HOUSING PROPERTIES,
A California Limited Partnership
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(Exact name of registrant as specified in its charter)
California
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(State or other jurisdiction of incorporation)
0-13556 04-2817478
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(Commission File Number) (IRS Employer Identification No.)
5110 Langdale Way, Colorado Springs, CO 80906
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(Address of principal executive offices) (Zip Code)
(Registrant's telephone number, including area code): (719) 527-0544
NA
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(Former name or former address, if changed since last report)
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
On October 10, 1997, Cluster Housing Properties, A California Limited
Partnership (the "Partnership") sold Villa Antigua Apartments Phase I ("Villa
Antigua"), an 88-unit multi-family rental property in Scottsdale, Arizona
pursuant to the terms of a Purchase and Sale Agreement and Escrow Instructions
(the "Agreement") dated May 6, 1997, as amended. Villa Antigua was sold to Villa
Antigua Condominium Ventures Limited Partnership, an Arizona limited partnership
unaffiliated with the Partnership. The purchase price for Villa Antigua was
$6,248,000, subject to certain customary adjustments and the repayment of
mortgage financing in the amount of $3,010,362, paid at closing utilizing a
portion of proceeds from the sale.
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements of Business Acquired.
Not Applicable.
(b) Pro Forma Financial Information.
Not Applicable.
(c) Exhibits.
10.1 Purchase and Sale Agreement and Escrow Instructions,
dated as of May 6, 1997, as amended.
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.
CLUSTER HOUSING PROPERTIES,
A California Limited Partnership
By: GP L'Auberge Communities, L.P., A
California Limited Partnership,
General Partner
By: L'Auberge Communities, Inc., its
General Partner
By: /s/ EARL C. ROBERTSON
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Earl C. Robertson, Executive Vice
President and Chief Financial Officer
Date: October 23, 1997
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