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):			January 23, 2015
DSI Realty Income Fund VII
(Exact name of registrant as specified in its charter)
California		2-83291		95-3871044
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)
6700 E. Pacific Coast Hwy, Long Beach, California				90803
(Address of principal executive offices)				(Zip Code)
Registrant’s telephone number, including area code (562) 493-8881
Not Applicable
(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 2.01 Completion of Acquisition or Disposition of Assets.

Item 5.07 Submission of Matters to a Vote of Security Holders.

On January 23, all of the properties and assets of DSI Realty Income Fund VII (the “Fund”) were sold to affiliates of Smart Stop Self Storage for an aggregate gross sale price of $16,840,000 (the “Sale”). The Sale was approved by the affirmative vote of the holders of approximately 55.6% of the outstanding units of limited partnership interests in the Fund (the “Units”) in accordance with the proxy statement of the Fund dated November 21, 2014 (the “Proxy Statement”).

Also approved under the Proxy Statement were the following:

Proposal

Action Approved

Units Approving

An amendment to the Limited Partnership Agreement of the Fund which would change tax treatment of certain distributions to the General Partners.

55.5%

The dissolution of the Fund which will occur following the settlement of all accounts of the Fund.

57.3%

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 hereunto duly authorized.

Date: February 18, 2015 DSI Realty Income Fund VII

By: DSI PROPERTIES, INC.,

General Partner

______________________

Richard P. Conway

Executive Vice President and

Chief Financial Officer

DSI REALTY INCOME FUND VII 8-K