UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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) ~~April~~June 2730, 2006

SHELTER PROPERTIES VI

(Exact name of Registrant as specified in its charter)

South Carolina

0-13261

57-0755618

(State or other jurisdiction

(Commission

(I.R.S. Employer

of incorporation or

File Number)

Identification Number)

organization)

55 Beattie Place

Post Office Box 1089

Greenville, South Carolina 29602

(Address of principal executive offices)

(864) 239-1000

(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))

Item 12.01

~~Entry~~Completion ~~into~~of aAcquisition ~~Material~~or ~~Definitive~~Disposition ~~Agreement~~of Assets.

Shelter Properties VI Limited Partnership, a South Carolina limited partnership (the “Registrant”), ~~owns~~owned Rocky Creek Apartments (“Rocky Creek”), a 120-unit apartment complex located in Augusta, Georgia. AsOn ~~previously~~June ~~disclosed~~30, ~~on October 20~~2006, ~~2005,~~ the Registrant ~~and~~sold ~~two~~Rocky ~~other~~Creek ~~partnerships~~to ~~(together with the Registrant, the “Selling Partnerships”), entered into~~ a ~~Purchase and Sale Contract (the “Purchase Agreement”) with a~~ third party, Chartwell Augusta, LLC, a Delaware limited liability company (the “Purchaser”),. The toPurchaser ~~sell~~purchased the ~~three~~property along with two other apartment complexes, all of which are owned by ~~the~~entities ~~Selling~~affiliated ~~Partnerships~~with toAIMCO Properties, L.P., which is an affiliate of the ~~Purchaser~~corporate ~~for~~general apartner of the Registrant. The total sales price offor Rocky Creek and the two other apartment complexes was approximately $2220,~~900~~305,000., ~~Each~~ of ~~the~~which ~~Selling~~approximately ~~Partnerships~~$4,185,000 isrepresents ~~affiliated~~the ~~with~~sales ~~AIMCO~~price ~~Properties,~~for LRocky Creek.~~P.,~~ The anRegistrant ~~affiliate~~continues ofto ~~the~~own ~~corporate~~and ~~general~~operate ~~partner~~one ofother ~~the~~investment ~~Registrant~~property.

AsIn ~~previously~~accordance ~~disclosed,~~with onthe ~~December~~Amended ~~19,~~and ~~2005~~Restated Certificate and Agreement of Limited Partnership of the Registrant, the ~~Purchaser~~Registrant's ~~terminated~~corporate general partner is evaluating the ~~Purchase~~cash ~~Agreement~~requirements of the Registrant to determine whether any portion of the net proceeds will be distributed to the Registrant's partners.

On April 27, 2006, the Selling Partnerships and the Purchaser entered into the Reinstatement and First Amendment to Purchase and Sale Contract (the “First Amendment”), a copy of which is filed herewith as an exhibit. The First Amendment effectively reinstated the Purchase Agreement according to the terms and conditions as previously disclosed in the Registrant’s Current Report on Form 8-K dated October 20, 2005, with the following modifications:

PURCHASE PRICE. The total purchase price is $20,305,000 (reduced from $22,900,000). Of the total purchase price, $4,184,590 represents the purchase price allocated to Rocky Creek, subject to certain prorations and adjustments at the closing.

CLOSING. The expected closing date of the transaction is June 30, 2006. Subject to certain notice requirements, the Selling Partnerships have the right to extend the closing for up to thirty days by delivering written notice to the Purchaser.

Item 9.01

Financial Statements and Exhibits

(db)

~~Exhibits~~Pro forma financial information.

~~10(iv)n~~The following unaudited pro forma balance sheet and statements of operations reflect the operations of the Registrant as if Rocky Creek had been sold on January 1, 2005.

~~Reinstatement~~The ~~and~~pro ~~First~~forma ~~Amendment~~financial tostatements ~~Purchase~~do ~~and~~not ~~Sale~~project ~~Contract~~the ~~between~~Registrant’s ~~Shelter~~results ~~Properties~~of ~~VI,~~operations aat ~~South~~any ~~Carolina~~future ~~limited~~date ~~partnership,~~or ~~and~~for ~~the~~any ~~affiliated~~future ~~Selling~~period. This ~~Partnerships~~pro ~~and~~forma ~~Chartwell~~information ~~Augusta,~~should ~~LLC,~~be aread ~~Delaware~~in ~~limited~~conjunction ~~liability~~with ~~company,~~the ~~dated~~Registrant’s ~~April~~2005 ~~27,~~Annual ~~2006~~Report on Form 10-KSB.*

*SchedulesPRO ~~and~~FORMA ~~supplemental~~BALANCE ~~materials to the exhibit have been omitted but will be provided to the Securities and Exchange Commission upon request.~~SHEET

(in thousands)


	March 31,
	2006

All other assets	$ 552
Investment property, net	1,752

Total Assets	$ 2,304

All other liabilities	$ 228
Mortgage note payable	3,886
Partners’ deficit	(1,810)
Total Liabilities and Partners’ Deficit	$ 2,304

PRO FORMA STATEMENTS OF OPERATIONS

(in thousands, except per unit data)


	Year Ended	Three Months Ended
	December 31, 2005	March 31, 2006

Total revenues	$ 1,030	$ 274
Total expenses	1,343	343

Net loss	$ (313)	$ (69)

Net loss per limited partnership unit	$ (7.33)	$ (1.61)

SIGNATURE

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.

SHELTER PROPERTIES VI

By:

Shelter Realty VI Corporation

Corporate General Partner

By:

/s/Martha L. Long

Martha L. Long

Senior Vice President

Date:

~~May~~July 16, 2006

Filing Compare · SHELTER PROPERTIES VI LIMITED PARTNERSHIP