UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) | July 13, 2011 |
Wells Real Estate Fund XIV, L.P.
(Exact Name of Registrant as Specified in Charter)
Georgia | 000-50647 | 01-0748981 |
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
6200 The Corners Parkway, Norcross, Georgia | 30092-3365 |
(Address of Principal Executive Offices) | (Zip Code) |
Registrant's telephone number, including area code: (770) 449-7800
N/A
(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 obligation of the registrant under any of the following provisions:
[] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement
150 Apollo Drive
On July 5, 2011, Wells Real Estate Fund XIV, L.P., (the “Registrant”), entered into an agreement to sell a three-story office building containing approximately 80,000 rentable square feet located in Chelmsford, Massachusetts (“150 Apollo Drive”) to Hall Cabot Properties, LLC, an unaffiliated third party, for a gross sales price of $9,875,000, excluding closing costs (the “Agreement”). As of July 13, 2011, the inspection period has expired and earnest money deposits of $350,000 paid by the buyer have become non-refundable pursuant to the Agreement. The Registrant expects the closing of this transaction to occur in the third quarter of 2011; however, there are no assurances regarding when or if this sale will be completed. The Registrant owns 100% of 150 Apollo Drive.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
WELLS REAL ESTATE FUND XIV, L.P. (Registrant) |
By: | WELLS CAPITAL, INC. General Partner |
By: | /s/ Douglas P. Williams Douglas P. Williams Senior Vice President |
Date: July 14, 2011