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): September 30, 2016
RESOURCE REAL ESTATE INVESTORS 7, L.P.
(Exact name of registrant as specified in its charter)
Commission File Number: 000-53962
| Delaware | 26-2726308 | |
| (State or other jurisdiction of incorporation) |
(IRS Employer Identification No.) |
One Crescent Drive
Suite 203
Navy Yard Corporate Center
Philadelphia, PA 19112
(Address of principal executive offices, including zip code)
(215) 231-7050
(Registrant’s telephone number, including area code)
(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 September 30, 2016, RRE Woodland Village Holdings, LLC (“Woodland”), a wholly-owned subsidiary of Resource Real Estate Investors 7, L.P., sold its apartment complex located in Columbia, South Carolina to DBC Woodland Village Limited Partnership (“DBC”), an unrelated third party, for approximately $20.7 million, pursuant to that certain Agreement of Purchase and Sale dated as of July 14, 2016, between Woodland and DBC (the “Agreement”).
| Item 2.01. | Completion of Acquisition or Disposition of Assets. |
The response to this item is included in Item 1.01 above and is incorporated herein by this reference with respect to the Agreement.
Signature(s)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: September 30, 2016 | RESOURCE REAL ESTATE INVESTORS 7, L.P. | |||||
| By: Resource Capital Partners, Inc., its general partner | ||||||
| By: | /s/ Kevin M. Finkel | |||||
| Name: | Kevin M. Finkel | |||||
| Title: | President | |||||