<SEC-DOCUMENT>0000004457-17-000027.txt : 20170502
<SEC-HEADER>0000004457-17-000027.hdr.sgml : 20170502
<ACCEPTANCE-DATETIME>20170502172848
ACCESSION NUMBER:		0000004457-17-000027
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20170502
ITEM INFORMATION:		Entry into a Material Definitive Agreement
FILED AS OF DATE:		20170502
DATE AS OF CHANGE:		20170502

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERCO /NV/
		CENTRAL INDEX KEY:			0000004457
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-AUTO RENTAL & LEASING (NO DRIVERS) [7510]
		IRS NUMBER:				880106815
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11255
		FILM NUMBER:		17806273

	BUSINESS ADDRESS:	
		STREET 1:		5555 KIETZKE LANE STE 100
		CITY:			RENO
		STATE:			NV
		ZIP:			89511
		BUSINESS PHONE:		7756886300

	MAIL ADDRESS:	
		STREET 1:		5555 KIETZKE LANE
		STREET 2:		SUITE 100
		CITY:			RENO
		STATE:			NV
		ZIP:			89511

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERCO
		DATE OF NAME CHANGE:	19770926
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>8kproperty.htm
<DESCRIPTION>8-K
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            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">UNITED STATES</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">SECURITIES AND EXCHANGE COMMISSION</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">WASHINGTON, D.C. 20549</font></p>
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            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">FORM 8-K</font></p>
            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">CURRENT REPORT</font></p>
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            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Pursuant to Section 13 or 15(d) of the</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Securities Exchange Act of 1934</font></p>
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                            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">May </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">2</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">, 2017</font></p>
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                            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:10pt">Date of Report (Date of earliest event reported)</font></p>
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                            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">AMERCO</font></p>
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                            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(Exact </font><font style="font-family:Arial; font-size:10pt">name of registrant as specified in its charter)</font></p>
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                            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Nevada</font></p>
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                            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">1-11255</font></p>
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                            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">88-0106815</font></p>
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                            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(I.R.S. Employer Identification No.)</font></p>
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                            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">5555 Kietzke Lane, Suite 100</font></p>
                            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Reno, Nevada 895</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">11</font></p>
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                            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(Address of </font><font style="font-family:Arial; font-size:10pt">Principal Executive Offices)</font></p>
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                            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">(775) 688-6300</font></p>
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            <p style="margin:0pt"><a name="EDGAR_PAGE_START2"></a><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">Item </font><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">1</font><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">.0</font><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">1</font><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:normal">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:normal">&#160; </font><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">Entry into a Material Definitive Agreement</font></p>
            <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">&#xa0;</font></p>
            <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:12pt">On October 15, 2015, </font><font style="font-family:'Times New Roman'; font-size:12pt">Amerco Real </font><font style="font-family:'Times New Roman'; font-size:12pt">E</font><font style="font-family:'Times New Roman'; font-size:12pt">state Company (&#8220;AREC&#8221;), </font><font style="font-family:'Times New Roman'; font-size:12pt">a wholly-owned subsidiary of AMERCO, </font><font style="font-family:'Times New Roman'; font-size:12pt">entered into </font><font style="font-family:'Times New Roman'; font-size:12pt">a </font><font style="font-family:'Times New Roman'; font-size:12pt">Purchase and Sale Agreement with 23</font><font style="font-family:'Times New Roman'; font-size:8pt; vertical-align:super">rd</font><font style="font-family:'Times New Roman'; font-size:12pt"> and 11</font><font style="font-family:'Times New Roman'; font-size:8pt; vertical-align:super">th</font><font style="font-family:'Times New Roman'; font-size:12pt"> Associates, L.L.C., for the sale of a portion of </font><font style="font-family:'Times New Roman'; font-size:12pt">AREC&#8217;s </font><font style="font-family:'Times New Roman'; font-size:12pt">real property and improvements thereon located in </font><font style="font-family:'Times New Roman'; font-size:12pt">Manhattan</font><font style="font-family:'Times New Roman'; font-size:12pt">, New</font><font style="font-family:'Times New Roman'; font-size:12pt"> York</font><font style="font-family:'Times New Roman'; font-size:12pt"> for $200.0 million</font><font style="font-family:'Times New Roman'; font-size:12pt">.&#160; </font><font style="font-family:'Times New Roman'; font-size:12pt">Such agreement has been amended from time to time and </font><font style="font-family:'Times New Roman'; font-size:12pt">was</font><font style="font-family:'Times New Roman'; font-size:12pt"> subject to several</font><font style="font-family:'Times New Roman'; font-size:12pt"> material</font><font style="font-family:'Times New Roman'; font-size:12pt"> regulatory contingencies</font><font style="font-family:'Times New Roman'; font-size:12pt">. </font><font style="font-family:'Times New Roman'; font-size:12pt">Such agreement will be filed as an exhibit</font><font style="font-family:'Times New Roman'; font-size:12pt"> to our upcoming annual report on Form 10-K.</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">AREC believes that </font><font style="font-family:'Times New Roman'; font-size:12pt">as of </font><font style="font-family:'Times New Roman'; font-size:12pt">April</font><font style="font-family:'Times New Roman'; font-size:12pt"> 26, 2017</font><font style="font-family:'Times New Roman'; font-size:12pt">,</font><font style="font-family:'Times New Roman'; font-size:12pt"> the last significant local</font><font style="font-family:'Times New Roman'; font-size:12pt"> regulatory contingenc</font><font style="font-family:'Times New Roman'; font-size:12pt">y has</font><font style="font-family:'Times New Roman'; font-size:12pt"> been resolved and t</font><font style="font-family:'Times New Roman'; font-size:12pt">he closing of the sale of such property is</font><font style="font-family:'Times New Roman'; font-size:12pt"> reasonably</font><font style="font-family:'Times New Roman'; font-size:12pt"> expected to occur in August 2017.&#160; AREC will maintain</font><font style="font-family:'Times New Roman'; font-size:12pt"> ownership of</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">one building at </font><font style="font-family:'Times New Roman'; font-size:12pt">the Manhattan location</font><font style="font-family:'Times New Roman'; font-size:12pt"> thus allowin</font><font style="font-family:'Times New Roman'; font-size:12pt">g U-Haul to serve the equipment rental needs of our customers in the area</font><font style="font-family:'Times New Roman'; font-size:12pt">.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#160; AREC&#8217;s book value of the property being sold is approximately $</font><font style="font-family:'Times New Roman'; font-size:12pt">5</font><font style="font-family:'Times New Roman'; font-size:12pt"> million.&#160; The Company intends to reinvest the proceeds into its self-storage holdings via a 1031 exchange.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#160; </font></p>
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            <p style="margin:0pt; text-indent:36pt"><font style="font-family:'Times New Roman'; font-size:12pt">Dat</font><font style="font-family:'Times New Roman'; font-size:12pt">ed: </font><font style="font-family:'Times New Roman'; font-size:12pt">May </font><font style="font-family:'Times New Roman'; font-size:12pt">2</font><font style="font-family:'Times New Roman'; font-size:12pt">, 2017</font></p>
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            <p style="margin:0pt 0pt 0pt 180pt; text-indent:36pt"><font style="font-family:'Times New Roman'; font-size:12pt">AMERCO</font></p>
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            <p style="margin:0pt 0pt 0pt 216pt; text-indent:-54pt; padding-left:54pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">/s/ Jason A. Berg</font></p>
            <p style="margin:0pt 0pt 0pt 216pt; text-indent:-54pt; padding-left:54pt"><font style="font-family:Arial; font-size:10pt">Jason A. Berg, </font></p>
            <p style="margin:0pt 0pt 0pt 216pt; text-indent:-54pt; padding-left:54pt"><font style="font-family:Arial; font-size:10pt">Chief </font><font style="font-family:Arial; font-size:10pt">Financial</font><font style="font-family:Arial; font-size:10pt"> Officer </font><a name="EDGAR_PAGE_END2"></a></p>
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