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Proc-Type: 2001,MIC-CLEAR
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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) March 24, 2005
Wells Real Estate Fund VIII, L.P.
(Exact Name of Registrant as Specified in Charter)
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Georgia |
0-27888 |
58-2126618 |
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(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
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6200 The Corners Parkway, Norcross, Georgia |
30092-3365 |
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(Address of Principal Executive Offices) |
(Zip Code) |
Registrant's telephone number, including area code: (770) 449-7800
(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 (see General Instruction A.2. below):
[] 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-4c))
Item 1.01. Entry into a Material Definitive Agreement
Tanglewood Commons
On March 24, 2005, Fund VI, Fund VII and Fund VIII Associates: ("Fund VI-VII-VIII Associates"), a joint venture between Wells Real Estate Fund VI, L.P., Wells Real Estate Fund VII, L.P., and Wells Real Estate Fund VIII, L.P. (the "Registrant"), entered into a purchase and sale agreement (the "Agreement") to sell a retail center containing approximately 67,000 rentable square feet located on approximately ten acres of land including available space for expansion and approximately one acre of land known as Outparcel 4, located in Clemmons, North Carolina ("Tanglewood Commons") for a gross sales price of $11,500,000, excluding closing costs, to an unaffiliated third party. The Agreement excludes two outparcels of land, approximately two acres, of which Fund VI-VII-VIII Associates will retain ownership. The Registrant holds an equity interest of approximately 32% in Fund VI-VII-VIII Associates. Tanglewood Common s is 100% owned by Fund VI-VII-VIII Associates. The Registrant expects the closing of this transaction to occur during the second quarter of 2005. The completion of this transaction is currently subject to, among other things, a due diligence period expiring on April 6, 2005. Accordingly, there are no assurances that this sale will be completed.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
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WELLS REAL ESTATE FUND VIII, L.P |
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By: |
WELLS PARTNERS, L.P. |
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By: |
WELLS CAPITAL, INC. |
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By: |
/s/ Leo F. Wells, III President |
Date: March 29, 2005
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