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): January 4, 2013
Apple REIT Ten, Inc.
(Exact name of registrant as specified in its charter)
(Registrant’s telephone number, including area code)
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 (see General Instruction A.2. below):
Apple REIT Ten, Inc. (which is referred to below as the “Company”) is filing this report in accordance with Item 8.01.
Item 8.01. Other Events.
The Company’s registration statement on Form S-11 was declared effective on January 19, 2011 and registered a maximum of 182,251,082 Units (with each Unit consisting of one Common Share and one Series A Preferred Share). The Company completed its minimum offering of Units at $10.50 per Unit on January 27, 2011, and has since continued the offering at $11 per Unit in accordance with the prospectus. Under the terms of the prospectus, the offering was set to expire upon either (1) the date all Units were sold or (2) January 19, 2013, which ever was to occur sooner, unless the offering was otherwise extended by the Company.
On January 4, 2013, the Board of Directors unanimously voted to extend the offering period for one additional year, as provided by the prospectus. As a result, our best-efforts offering will continue until all Units offered under the prospectus have been sold or until January 19, 2014, which ever shall occur sooner.
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.