SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES AND EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported) December 10, 1997
AEI INCOME & GROWTH FUND XXII LIMITED PARTNERSHIP
(Exact Name of Registrant as Specified in its Charter)
State of Minnesota
(State or other Jurisdiction of Incorporation or
Organization)
333-5604 41-1848181
(Commission File Number) (I.R.S. Employer
Identification No.)
1300 Minnesota World Trade Center, St. Paul, Minnesota 55101
(Address of Principal Executive Offices)
(612) 227-7333
(Registrant's telephone number, including area code)
(Former name or former address, if changed since last report)
Item 2. Acquisition or Disposition of Assets.
On December 10, 1997, the Partnership purchased a 40%
interest in a newly constructed TGI Friday's restaurant in
Greensburg, Pennsylvania from Ohio Valley Bistros, Inc. The
total cash purchase price of the land and building was
approximately $1,650,000. The remaining interest is owned
by AEI Real Estate Fund XVII Limited Partnership, an
affiliate of the Partnership. Ohio Valley Bistros, Inc. is
not affiliated with the Partnership. The cash, used in
purchasing the property, was from the proceeds of the sale
of Limited Partnership Units.
Item 7. Financial Statements and Exhibits.
(a) Financial statements of businesses acquired. D
Not Applicable. Property was newly
constructed.
(b) A limited number of proforma adjustments are
required to illustrate the effects of the
transaction on the balance sheet and income
statement. The following narrative
description is furnished in lieu of the
proforma statements:
The Partnership commenced operations on May 1,
1997 when minimum subscriptions of 1,500
Limited Partnership Units ($1,500,000) were
accepted.
Assuming the Partnership had acquired the
property on May 1, 1997, the Partnership's
Investments in Real Estate would have
increased by $660,000 and its Current Assets
(cash) would have decreased by approximately
$660,000 at September 30, 1997.
The Total Income for the Partnership would
have increased from $49,053 to $77,241 for the
period ended September 30, 1997 if the
Partnership had owned the property during the
period.
Depreciation Expense would have increased by
$6,596 for the period ended September 30,
1997.
The net effect of these proforma adjustments
would have caused Net Loss to decrease from
$(43,468) to $(21,592), which would have
resulted in Net Loss of $(8.40) per Limited
Partnership Unit outstanding for the period
ended September 30, 1997.
(c) Exhibits
Exhibit 10.1 - Net Lease Agreement dated
December 10, 1997 between
the Partnership, and AEI Real
Estate Fund XVII Limited
Partnership and Ohio Valley
Bistros, Inc. relating to the
property at 1507, R.R. #6,
Greensburg, Pennsylvania.
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.
AEI INCOME & GROWTH FUND XXII
LIMITED PARTNERSHIP
By: AEI Fund Management XXI, Inc.
Its: Managing General Partner
Date: December 18, 1997 /s/ Mark E Larson
By: Mark E. Larson
Its Chief Financial Officer
(Principal Accounting and
Financial Officer)