The following table reflects the 5 Local Limited Partnership interests that were sold during the year ended March 31, 2013. No distributions will be made to the Limited Partners as a result of these dispositions. Each of the Local Limited Partnerships had completed its Compliance Period so there is no risk of recapture to the investors in the Partnership.
Local Limited Partnership | Debt at 12/31/2011 | Appraisal Value | Date of Sale | Sales Price | Sales Related Expenses | Gain (loss) on Sale |
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Sun Manor, L.P. | $ | 1,000,000 | $ | 490,000 | 4/30/2012 | $ | 30,000 | $ | 4,200 | $ | 25,800 | |||||||||||||
Almond Garden Apartments Associates | 1,300,000 | 740,000 | 5/1/2012 | 35,000 | 2,376 | 32,624 | ||||||||||||||||||
Buccaneer Villas, Limited | 1,379,000 | 1,300,000 | 6/1/2012 | 22,450 | 232 | 22,218 | ||||||||||||||||||
Dallas County Housing, Ltd. | 580,000 | 370,000 | 8/31/2012 | 21,953 | 3,015 | 18,938 | ||||||||||||||||||
Old Fort Limited Partnership | 1,201,000 | 690,000 | 8/31/2012 | 25,000 | 2,829 | 22,171 |