SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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 XIV, L.P.
(Exact Name of Registrant as Specified in Charter)
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
6200 The Corners Parkway, Norcross, Georgia
(Address of Principal Executive Offices)
Registrant's telephone number, including area code: (770) 449-7800
(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. and Wells Real Estate Fund XIV, L.P. (the “Registrant”) 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 53% in Fund XIII-IV Associates, which owns 100% of the Siemens-Orlando Building.
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.
WELLS CAPITAL, INC.
/s/ Randy A. Simmons
Randy A. Simmons
Senior Vice President
Date: July 17, 2014