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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): November 25, 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 November 25, 1997, Cluster Housing Properties, A California Limited
Partnership (the "Partnership") sold Villa Sin Vacas, a 72-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 Sin Vacas was sold to Villa Sin Vacas Townhome Ventures Limited
Partnership, an Arizona Limited Partnership unaffiliated with the Partnership,
the assignee of Capital Management Systems, Inc., a Pennsylvania Corporation.
The purchase price for Villa Sin Vacas was $5,040,000, subject to certain
customary adjustments. The Partnership repaid first mortgage financing in the
amount of $2,396,000 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/ STEPHEN B. BOYLE
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Stephen B. Boyle, President
Date: December 8, 1997
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