UNITED
STATES
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): April 15, 2010
APPLE REIT NINE, INC.
(Exact name of registrant as specified in its charter)
Virginia |
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000-53603 |
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26-1379210 |
(State or other jurisdiction |
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(Commission File Number) |
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(I.R.S. Employer |
814 East Main Street, Richmond, Virginia |
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23219 |
(Address of principal executive offices) |
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(Zip Code) |
(804) 344-8121
(Registrants telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Apple REIT Nine, Inc. (which is referred to below as the Company or as we, us or our) is filing this report in accordance with Item 8.01 of Form 8-K.
Item 8.01. Other Events.
The Companys registration statement on Form S-11 was declared effective on April 25, 2008 and registered a maximum of 182,251,082 shares of our Units (with each Unit consisting of one Common Share and one Series A Preferred Share). The Company completed its minimum offering of Units at $10.50 per Unit on May 14, 2008, and has since continued the offering at $11 per Unit in accordance with the prospectus. Under the terms of the prospectus, the offering was set to expire upon either 1) the date all Units were sold or 2) April 25, 2010, which ever was to occur sooner, unless the offering was otherwise extended by the Company.
On April 15, 2010, the Board of Directors unanimously voted to extend the offering period for one additional year, as provided by the prospectus. As a result, our best-efforts offering will continue until all Units offered under the prospectus have been sold or until April 25, 2011, which ever shall occur sooner.
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.
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Apple REIT Nine, Inc. |
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By: |
/s/ Glade M. Knight |
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Glade M. Knight, Chief Executive Officer |
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April 16, 2010 |