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) August 26, 1999
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)
(651) 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 August 26, 1999, the Partnership purchased a newly
constructed Hollywood Video store in Muscle Shoals, Alabama
from NOM Muscle Shoals, Ltd. The total cash purchase price
of the land and building was approximately $1,315,310. NOM
Muscle Shoals, Ltd. is not affiliated with the Partnership.
In addition, on August 31, 1999, the Partnership
purchased a newly constructed Tumbleweed restaurant in Fort
Wayne, Indiana from Tumbleweed, Inc. The total cash
purchase price of the land and building was approximately
$1,290,000. Tumbleweed, Inc. is not affiliated with the
Partnership.
The cash, used in purchasing the properties, was from
the proceeds of the sale of Limited Partnership Units.
Item 7. Financial Statements and Exhibits.
(a) Financial statements of businesses acquired.
Not Applicable. Properties are newly
constructed.
(b) A limited number of proforma adjustments are
required to illustrate the effects of the
transactions on the balance sheet and income
statement. The following narrative
description is furnished in lieu of the
proforma statements:
Assuming the Partnership had acquired the
properties on January 1, 1998, the
Partnership's Investments in Real Estate would
have increased by $2,605,310 and its Current
Assets (cash) would have decreased by
approximately $2,605,310.
The Total Income for the Partnership would
have increased from $545,711 to $802,005 for
the year ended December 31, 1998 and from
$403,049 to $494,822 for six months ended June
30, 1999 if the Partnership had owned the
properties during the periods.
Depreciation Expense would have increased by
$55,775 and $27,888 for the year ended
December 31, 1998 and the six months ended
June 30, 1999, respectively.
The net effect of these proforma adjustments
would have caused Net Income to increase from
$296,614 to $497,133 and from $274,692 to
$338,577, which would have resulted in Net
Income of $41.47 and $19.61 per Limited
Partnership Unit outstanding for the year
ended December 31, 1998 and the six months
ended June 30, 1999, respectively.
(c) Exhibits
Exhibit 10.1 First Amendment to Net Lease
Agreement dated August 31,
1999, between the Partnership
and Tumbleweed, Inc. relating
to the property at 6040 Lima
Road, Fort Wayne, Indiana.
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: September 1, 1999 /s/ Mark E Larson
By: Mark E. Larson
Its Chief Financial Officer
(Principal Accounting and
Financial Officer)