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 11, 2014 |
Wells Real Estate Fund XIII, L.P.
(Exact Name of Registrant as Specified in Charter)
Georgia | 000-49633 | 58-2438244 |
(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
On July 11, 2014, Fund XIII and Fund XIV Associates (“Fund XIII-IV Associates”), a joint venture partnership between Wells Real Estate Fund XIII, L.P. (the “Registrant”) and Wells Real Estate Fund XIV, L.P. entered into an agreement to sell two single-story office buildings containing approximately 82,000 rentable square feet and located in Orlando, Florida ("Siemens - Orlando Building") to Owens Realty Capital, LLC., an unaffiliated third party (the "Buyer"), for a gross sales price of $14,320,000, exclusive of closing costs (the “Agreement”). The Agreement is subject to a 13-day due diligence period. An initial earnest money deposit of $300,000 was received from the Buyer at the signing of the Agreement and an additional deposit of $100,000 is due prior to the end of the due diligence period. All earnest money will become non-refundable upon the expiration of the due diligence period. The Registrant expects the closing of this transaction to occur during the third quarter of 2014; however, there are no assurances regarding when or if this sale will be completed. The Registrant holds an equity interest of approximately 47% in Fund XIII-IV Associates, which owns 100% of the Siemens-Orlando Building.
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 XIII, L.P. (Registrant) |
By: | WELLS CAPITAL, INC. General Partner |
By: | /s/ Randy A. Simmons Randy A. Simmons Senior Vice President |
Date: July 17, 2014