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) August 8, 2011

 

REAL ESTATE ASSOCIATES LIMITED VI

(Exact name of Registrant as specified in its charter)

 

 

            California                0-13112                 95-3778627

      (State or other jurisdiction (Commission            (I.R.S. Employer

           of incorporation)        File Number)        Identification Number)

 

55 Beattie Place

Post Office Box 1089

Greenville, South Carolina 29602

(Address of principal executive offices)

 

 

(864) 239-1000

(Issuer's telephone number)

 

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:

 

[ ]   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 8.01   Other Events

 

Real Estate Associates Limited VI, a California limited partnership (the “Registrant”), owns a 98.99% limited partnership interest in Cassady Village Apartments Limited Partnership (“Cassady Village”), an Ohio limited partnership.  On August 8, 2011, Cassady Village entered into an agreement of sale and purchase to sell its investment property to The Orlean Company (the “Purchaser”), an Ohio corporation, in exchange for (i) full satisfaction of the non-recourse note payable due to an affiliate of the Purchaser, (ii) the assumption of the outstanding mortgage loan encumbering the property, and (iii) the sum of one dollar.  The Registrant will not receive any proceeds from the sale of the property.  The Registrant had no investment balance remaining in Cassady Village as of March 31, 2011.