Attached files
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| EX-99.1 - CORNERSTONE REALTY FUND LLC | v182295_ex99-1.htm |
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
Pursuant
to Section 13 or 15(d) of
the
Securities Exchange Act of 1934
April
23, 2010
Date of
Report (Date of earliest event reported)
CORNERSTONE
REALTY FUND, LLC
(Exact
name of registrant as specified in its charter)
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California
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000-51868
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33-0827161
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(State
of Incorporation)
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(Commission
File Number)
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(I.R.S.
Employer
Identification
Number)
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1920
Main Street., Suite 400
Irvine,
California 92614
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(Address
of principal executive offices)
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(949)
852-1007
(Registrant’s
telephone number, including area code)
Not
Applicable
(Former
name or former address, if changed since last report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligations 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
240.14d-2(b)
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)
Item
5.07 Submission of Matters to a Vote of Security Holders
On March
5, 2010, we commenced a solicitation of written consent from the holders of our
limited liability company interests to approve an amendment to our operating
agreement, without the necessity of holding a special meeting of the
holders. The purpose of the proposed amendment was to allow the
managing member to cause us to incur debt in order to meet our operating costs
and to maintain the same level of cash distributions to unit
holders.
On April
9, 2010, our managing member elected to extend the period for receipt of signed
consents from April 9, 2010 to April 23, 2010. The affirmative
consent of a majority of the outstanding percentage interests was required to
approve the amendment to the operating agreement. As of April 23, 2010, we had
received affirmative consents from holders of a majority of the outstanding
percentage interests approving the proposed amendment to our operating agreement
and concluded the consent process.
Item
9.01 Financial Statements in Exhibits
(d)
Exhibits
99.1
Communication to security holders dated April 23, 2010.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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CORNERSTONE
REALTY FUND, LLC
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By:
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CORNERSTONE
INDUSTRIAL PROPERTIES, LLC
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Its
Managing Member
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By:
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CORNERSTONE
VENTURES, INC.
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Its
Manager
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By:
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/s/
Sharon C. Kaiser
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Sharon
C. Kaiser, Chief Financial Officer
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Dated:
April 28, 2010
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