Liquidation: DIVALL INSURED INCOME PROPERTIES 2 LIMITED PARTNERSHIP

Form Type: 10-K

Filing Date: 2025-04-15

Corporate Action: Liquidation

Type: New

Accession Number: 000164117225004893

Filing Summary: DiVall Insured Income Properties 2 Limited Partnership (the Partnership) has been in the process of liquidating its assets following the sale of its properties. As of December 31, 2024, the Partnership had sold all of its properties and terminated its operations. It has no longer any properties under its ownership and is focusing on wind-up activities in 2025, including the resolution of remaining obligations and the distribution of any available funds to the limited partners. The Partnership had previously received consent from a majority of its limited partners to authorize the General Partner to liquidate and wind up the Partnership's affairs upon the sale of all properties, which has now been executed. Furthermore, the Partnership Agreement stipulates that the Partnership was to be dissolved by November 30, 2023, which has been effectively operationalized through recent asset liquidation events.

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Form Type: NT 10-K

Filing Date: 2025-03-31

Corporate Action: Liquidation

Type: Update

Accession Number: 000164117225001672

Filing Summary: DiVall Insured Income Properties 2 Limited Partnership has announced a delay in filing its Annual Report on Form 10-K for the year ended December 31, 2024. The company cites the need for additional time to prepare and review its financial statements due to coordination issues related to presentation compliance. All three remaining properties were sold in October 2024, with net proceeds distributed to limited partners before year-end. The pending wind-up and dissolution of the partnership and a transition of financial personnel are also contributing factors to the filing delay. The company anticipates completing the necessary work to file the Form 10-K within the 15-day extension allowed under Rule 12b-25. Additionally, it expects to report a 38% decrease in net income for 2024 compared to 2023 due to fewer owned properties and lower rental income during the fiscal year.

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