SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) December 13, 2012
REAL ESTATE ASSOCIATES LIMITED IV
(Exact name of Registrant as specified in its charter)
80 International Drive
Post Office Box 1089
Greenville, South Carolina 29602
(Address of principal executive offices)
(Issuer's telephone number)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations 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))
Real Estate Associates Limited IV, a California limited partnership (the Registrant), owns a 99.00% limited partnership interest in The Branford Group Limited Partnership (Branford), a Connecticut limited partnership. Branford owns a 44-unit apartment complex located in Branford, Connecticut. As previously disclosed, on October 22, 2012, the Registrant entered into an Assignment and Assumption Agreement (the Agreement) with W. Matthew Harp and John D. Prete, collectively the operating general partner of Branford, and Terrace House, LLC, a Connecticut limited liability company (the Assignee), relating to the assignment of the limited partnership interest held by the Registrant in Branford for a total price of $1,530,000. The Registrants investment balance in Branford was zero at September 30, 2012.
Pursuant to the terms of the Agreement, on December 14, 2012, the Registrant assigned its limited partnership interest in Branford to the Assignee effective as of December 13, 2012, and received net proceeds of $1,530,000. The Registrants corporate general partner is currently evaluating its cash requirements to determine what portion, if any, of the proceeds received from this transaction will be available to distribute to its partners.
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.
By: /s/Stephen B. Waters
Stephen B. Waters
Senior Director of Partnership Accounting
Date: December 18, 2012