8-K 1 fund4_8k080101.txt KRUPP REALTY LTD PSHP - IV, 8-K AUGUST 1, 2001 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) August 1, 2001 ------------------------------- Krupp Realty Limited Partnership - IV -------------------------------------------------------------------------------- Massachusetts 0-11987 04-2772783 -------------------------------------------------------------------------------- (State or other jurisdiction of (Commission (IRS employer incorporation or organization) file number) identification no.) One Beacon Street, Boston, Massachusetts 02108 -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) (617) 523-7722 -------------------------------------------------------------------------------- (Registrant's telephone number, including area code) Item 2. Acquisition or Disposition of Assets Disposition of Fenland Field Apartments On July 27, 2001, Krupp Realty Limited Partnership-IV (the "Partnership") entered into a Stock Purchase Agreement to sell its interest in Fenland Field Apartments, a 234-unit multi-family apartment community located in Columbia, Maryland, to Home Properties of NY, LP, an unaffiliated party. The transaction was consummated August 1, 2001 for consideration of $14,500,000, less repayment of the existing mortgage note and closing costs. 2 Item 7. Financial Statements, Pro forma Financial Information and Exhibits The following documents are filed as part of this Form 8-K. (a) Financial Statements of Business Acquired Not applicable (b) Pro Forma Financial Information See "Pro Forma Financial Statements" attached to this Form 8-K. (c) Exhibits Exhibit 2.1 Stock Purchase Agreement dated July 27, 2001 by and among Fentil, Inc., Krupp Realty Limited Partnership - IV and Home Properties of New York, L.P. 3 SIGNATURE 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, thereunto duly authorized. Krupp Realty Limited Partnership - IV -------------------------------------------- (Registrant) By: /s/ David C. Quade -------------------------------------------- David C. Quade Treasurer and Chief Accounting Officer of the Krupp Corporation, a General Partner August 6, 2001 4 PRO FORMA FINANCIAL INFORMATION On August 1, 2001, Krupp Realty Limited Partnership-IV (the "Partnership") sold its entire interest in Fentil, Inc., the record owner of Fenland Field Apartments ("Fenland Field"), to Home Properties of New York, L.P., an unaffiliated party, for consideration of $14,500,000. The Partnership has presented in this Form 8-K, a Pro Forma Consolidated Balance Sheet at December 31, 2000 and Pro Forma Consolidated Statements of Operations for the six months ended June 30, 2001 and the year ended December 31, 2000 to give effect to the sale. See Note 1 to the Pro Forma Consolidated Financial Statements for further discussion of this matter. In management's opinion, all adjustments necessary to reflect the above discussed transactions have been made. The unaudited Pro Forma Consolidated Balance Sheet and Statements of Operations are not necessarily indicative of what actual results of operations of the Partnership would have been for the periods, nor does it purport to represent the Partnership's results of operations for future periods. 5 KRUPP REALTY LIMITED PARTNERSHIP - IV AND SUBSIDIARIES PRO FORMA CONSOLIDATED BALANCE SHEET June 30, 2001 (Unaudited) ASSETS

See accompanying note to pro forma consolidated financial statements. 6 KRUPP REALTY LIMITED PARTNERSHIP - IV AND SUBSIDIARIES PRO FORMA CONSOLIDATED STATEMENT OF OPERATIONS For the Six Months Ended June 30, 2001 (Unaudited)

See accompanying note to pro forma consolidated financial statements. 7 KRUPP REALTY LIMITED PARTNERSHIP - IV AND SUBSIDIARIES PRO FORMA CONSOLIDATED STATEMENT OF OPERATIONS For the Year Ended December 31, 2000 (Unaudited)

See accompanying note to pro forma consolidated financial statements. 8 KRUPP REALTY LIMITED PARTNERSHIP - IV AND SUBSIDIARIES NOTE TO PRO FORMA FINANCIAL STATEMENTS (1) Basis of Presentation The Pro Forma Balance Sheet at June 30, 2001 is based on the historical consolidated Balance Sheet of the Partnership as reported on Form 10-Q for the quarter ended June 30, 2001. The Pro Forma adjustment represents an adjustment to the Partnership's financial statements to show the effect of the sale. The Pro Forma Consolidated Balance Sheet at June 30, 2001 reflects the balance sheet as if the sale had occurred prior to June 30, 2001. The Pro Forma consolidated Statement of Operations for the six months ended June 30, 2001 is based on the historical Consolidated Statement of Operations of the Partnership as reported on Form 10-Q for the six months ended June 30, 2001. The Pro Forma Consolidated Statement of Operations for the year ended December 31, 2000 is based on the historical Consolidated Statement of Operations for the Partnership as presented in the annual report of Form 10-K for the year ended December 31, 2000. The Pro Forma adjustments represent Fenland Field's net income for the respective period presented. The Pro Forma Consolidated Statements of Operations for the six months ended June 30, 2001 and for the year ended December 31, 2000 reflect the results of operations of the Partnership as if the Partnership had sold Fenland Field prior to January 1, 2000. The Pro Forma Consolidated Statements of Operations do not reflect any gain or loss which may be recognized by the Partnership as a result of the sale. 9 EXHIBIT INDEX Exhibit No. Description ---------- ------------------- 2.1 Stock Purchase Agreement dated July 27, 2001 by and among Fentil, Inc., Krupp Realty Limited Partnership - IV and Home Properties of New York, L.P. 10

KRUPP REALTY LTD PARTNERSHIP IV 8-K