<HTML>
<!-- Produced by EDGARsuite software, Advanced Computer Innovations, Inc., Copyright (C) 2008-2017 [PPXK2X91H1YFVK7SELPD]. www.edgarsuite.com -->
<HEAD>
</HEAD>
<BODY>
<DIV style=margin-left:72pt;width:468pt><P style='font:10pt Times New Roman;line-height:4pt;margin-top:4pt;margin-bottom:0pt'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:18pt Times New Roman Bold;margin:0'><FONT style='font-family:Times New Roman'><B>UNITED STATES</B></FONT></P>
<P align=center style='font:18pt Times New Roman Bold;margin:0'><FONT style='font-family:Times New Roman'><B>SECURITIES AND EXCHANGE COMMISSION</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>Washington, D.C. 20549</B></FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>_______________</FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:18pt Times New Roman;margin:0'><B>FORM 8-K</B></P>
<P style='font:18pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>CURRENT REPORT PURSUANT</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>TO SECTION 13 OR 15 (d) OF THE</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>SECURITIES EXCHANGE ACT OF 1934</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>Date of report (Date of earliest event reported): March 28, 2017</B></FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:22pt Times New Roman Bold;margin:0'><FONT style='font-family:Times New Roman'><B>REAL ESTATE ASSOCIATES LIMITED II</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>(Exact name of registrant as specified in its charter)</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE style=border-collapse:collapse><TR><TD colspan=2 valign=top style=width:183.6pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>California</B></FONT></P>
</TD><TD colspan=2 valign=top style=width:183.6pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>0-09782</B></FONT></P>
</TD><TD colspan=2 valign=top style=width:183.6pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>95-3547609</B></FONT></P>
</TD></TR>
<TR><TD colspan=2 valign=top style=width:183.6pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>(State or Other Jurisdiction of</FONT></P>
</TD><TD colspan=2 valign=top style=width:183.6pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>(Commission File Number)</FONT></P>
</TD><TD colspan=2 valign=top style=width:183.6pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>(I.R.S. Employer</FONT></P>
</TD></TR>
<TR><TD colspan=2 valign=top style=width:183.6pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Incorporation)</FONT></P>
</TD><TD colspan=2 valign=top style=width:183.6pt><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=top style=width:183.6pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Identification No.)</FONT></P>
</TD></TR>
<TR><TD colspan=2 valign=top style=width:274.5pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=top style=width:274.5pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD colspan=4 valign=top style=width:549pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>P.O. Box 91274</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>Los Angeles, California 90009</B></FONT></P>
</TD></TR>
<TR><TD colspan=4 valign=top style=width:549pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>(Address of Principal Executive Offices, including zip code)</FONT></P>
</TD></TR>
<TR><TD colspan=2 valign=top style=width:274.5pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>Registrant&#8217;s Telephone Number, Including Area Code: &nbsp;(720) 387-8135</B></FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'>Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </P>
<P style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'>&#160;&#160;&#160;&#160;&#160;<FONT style='font:8pt Wingdings'>&#168;</FONT> Written communications pursuant to Rule&#160;425 under the Securities Act (17 CFR 230.425) </P>
<P style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'>&#160;&#160;&#160;&#160;&#160;<FONT style='font:8pt Wingdings'>&#168;</FONT> &nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
<P style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'>&#160;&#160;&#160;&#160;&#160;<FONT style='font:8pt Wingdings'>&#168;</FONT> &nbsp;Pre-commencement communications pursuant to Rule&#160;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </P>
<P style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'>&#160;&#160;&#160;&#160;&#160;<FONT style='font:8pt Wingdings'>&#168;</FONT> &nbsp;Pre-commencement communications pursuant to Rule&#160;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<HR style=page-break-after:always;border:0;height:0.75pt;background-color:black><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;line-height:4pt;margin-top:4pt;margin-bottom:0pt'>&nbsp;</P>
<P style='font:10pt Times New Roman;line-height:4pt;margin-top:4pt;margin-bottom:0pt'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><KBD style='position:absolute;font:10pt Times New Roman'><FONT style=font-size:10pt><B>Item 1.01</B></FONT></KBD><FONT style=font-size:10pt></FONT><KBD style=letter-spacing:66pt>&nbsp;</KBD><FONT style=font-size:10pt><B>Entry into a Material Definitive Agreement</B></FONT>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Real Estate Associates Limited II, a California limited partnership (the &#8220;Registrant&#8221;), holds a 99% limited partnership interest in Lakeside Apartments, an Indiana limited partnership (&#8220;Lakeside&#8221;).</FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Lakeside owns a 48-unit apartment complex located in Mishawaka, Indiana. On March 28, 2017, the Registrant entered into an Assignment and Assumption Agreement (the &#8220;Agreement&#8221;) by and among the Registrant, as Assignor, East Lake Capital, LLC, an Indiana limited liability company, as Assignee (the &#8220;Assignee&#8221;), and Charles W. Parrott and PAB Holdings, LLC, an Indiana limited liability company, as general partners of Lakeside (collectively, the &#8220;General Partners&#8221;), pursuant to which the Registrant will transfer the Lakeside limited partnership interests held by it to the Assignee for a total price of $200,000. The transaction is expected to close no later than June 2, 2017. The Registrant&#8217;s investment balance in Lakeside was </FONT><FONT style='font-size:10pt;border-bottom:1px solid #000000'>zero</FONT><FONT style=font-size:10pt> at December 31, 2016.</FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>The foregoing description is qualified in its entirety by reference to the Agreement, a copy of which is filed as Exhibit 10.1 to this report.</FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><KBD style='position:absolute;font:10pt Times New Roman'><FONT style=font-size:10pt><B>Item 9.01</B></FONT></KBD><KBD style=letter-spacing:66pt>&nbsp;</KBD><FONT style=font-size:10pt><B>Financial Statements and Exhibits</B></FONT>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><KBD style='position:absolute;font:10pt Times New Roman'><FONT style=font-size:10pt>(d)</FONT></KBD><KBD style=letter-spacing:30pt>&nbsp;</KBD><FONT style=font-size:10pt>Exhibits</FONT>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><KBD style='position:absolute;font:10pt Times New Roman'><FONT style=font-size:10pt>10.1</FONT></KBD><KBD style=letter-spacing:30pt>&nbsp;</KBD><FONT style=font-size:10pt>Assignment and Assumption Agreement by and between Real Estate Associates II, a California limited partnership, East Lake Capital, LLC, an Indiana limited liability company, and Charles W. Parrott and PAB Holdings, LLC, an Indiana limited liability company, dated March&#160;28, 2017.</FONT>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>The agreements included as an exhibit to this Form 8-K contain representations and warranties by each of the parties to the applicable agreement. The representations and warranties in the applicable agreement have been made solely for the benefit of the other parties to the applicable agreement and:</FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;text-indent:-18pt;margin-left:36pt'><KBD style='position:absolute;text-indent:0;font:10pt Symbol'>&#61623;</KBD><KBD style=letter-spacing:12pt>&nbsp;</KBD><FONT style=font-size:10pt>in all instances should not be treated as categorical statements of fact, but rather as a way of allocating the risk to one of the parties if those statements prove to be inaccurate;</FONT>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;text-indent:-18pt;margin-left:36pt'><KBD style='position:absolute;text-indent:0;font:10pt Symbol'>&#61623;</KBD><KBD style=letter-spacing:12pt>&nbsp;</KBD><FONT style=font-size:10pt>have been qualified by disclosures that were made to the other party in connection with the negotiation of the applicable agreement, which disclosures are not necessarily reflected in the agreement;</FONT>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;text-indent:-18pt;margin-left:36pt'><KBD style='position:absolute;text-indent:0;font:10pt Symbol'>&#61623;</KBD><KBD style=letter-spacing:12pt>&nbsp;</KBD><FONT style=font-size:10pt>may apply standards of materiality in a way that is different from what may be viewed as material to an investor; and</FONT>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;text-indent:-18pt;margin-left:36pt'><KBD style='position:absolute;text-indent:0;font:10pt Symbol'>&#61623;</KBD><KBD style=letter-spacing:12pt>&nbsp;</KBD><FONT style=font-size:10pt>were made only as of the date of the applicable agreement or such other date or dates as may be specified in the agreement and are subject to more recent developments.</FONT>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Accordingly, the representations and warranties in the applicable agreement may not describe the actual state of affairs as of the date they were made or at any other time. The Registrant acknowledges that, notwithstanding the inclusion of the foregoing cautionary statements, it is responsible for considering whether additional specific disclosures of material information regarding material contractual provisions are required to make the statements in this Form 8-K not misleading. Additional information about the Registrant may be found elsewhere in this Form 8-K and the Registrant&#8217;s other public filings, which are available without charge through the SEC&#8217;s website at http://www.sec.gov.</FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<HR style=page-break-after:always;border:0;height:0.75pt;background-color:black><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>SIGNATURE</B></FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>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.</FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;text-indent:36pt;margin-left:252pt'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE style=border-collapse:collapse><TR><TD valign=top style=width:212.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:301.5pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>REAL ESTATE ASSOCIATES LIMITED II</FONT></P>
</TD></TR>
<TR><TD valign=top style=width:212.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:301.5pt><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top style=width:212.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:301.5pt><P style='font:10pt Times New Roman;margin:0;margin-left:53.1pt'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top style=width:212.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:301.5pt><P style='font:10pt Times New Roman;margin:0;margin-left:53.1pt'><KBD style='position:absolute;font:10pt Times New Roman'><FONT style=font-size:10pt>By:</FONT></KBD><KBD style=letter-spacing:30pt>&nbsp;</KBD><FONT style=font-size:10pt>National Partnership Investments, LLC</FONT>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:53.1pt'><KBD style=letter-spacing:30pt>&nbsp;</KBD><FONT style=font-size:10pt>Corporate General Partner</FONT>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By: &nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT style='font-size:10pt;border-bottom:1px solid #000000'>/s/Joseph Dryden</FONT></P>
</TD></TR>
<TR><TD valign=top style=width:212.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:301.5pt><P style='font:10pt Times New Roman;margin:0;margin-left:53.1pt'><FONT style=font-size:10pt> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; Joseph Dryden</FONT></P>
</TD></TR>
<TR><TD valign=top style=width:212.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:301.5pt><P style='font:10pt Times New Roman;margin:0;margin-left:53.1pt'><FONT style=font-size:10pt> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; SVP of Finance/CFO</FONT></P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:252pt'><FONT style=font-size:10pt> &nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DATED: &nbsp;March 31, 2017</FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
</DIV>
</BODY>
</HTML>
[{"type": "8-K", "sequence": "1", "filename": "rea2_8k.htm", "description": "CURRENT REPORT", "secsgml_size_bytes": 17423}]
{"company-data": {"conformed-name": "REAL ESTATE ASSOCIATES LTD II", "cik": "0000314237", "assigned-sic": "6500", "irs-number": "953547609", "state-of-incorporation": "CA", "fiscal-year-end": "0125"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-09782", "film-number": "17730821"}, "business-address": {"street1": "9090 WILSHIRE BLVD STE 201", "city": "BEVERLY HILLS", "state": "CA", "zip": "90211", "phone": "3102782191"}, "mail-address": {"street1": "9090 WILSHIRE BLVD", "street2": "STE 201", "city": "BEVERLY HILLS", "state": "CA", "zip": "90211"}}
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): March 28, 2017
REAL ESTATE ASSOCIATES LIMITED II
(Exact name of registrant as specified in its charter)
California
0-09782
95-3547609
(State or Other Jurisdiction of
(Commission File Number)
(I.R.S. Employer
Incorporation)
Identification No.)
P.O. Box 91274
Los Angeles, California 90009
(Address of Principal Executive Offices, including zip code)
Registrant's Telephone Number, Including Area Code:  (720) 387-8135
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation 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 1.01
Entry into a Material Definitive Agreement
Real Estate Associates Limited II, a California limited partnership (the "Registrant"), holds a 99% limited partnership interest in Lakeside Apartments, an Indiana limited partnership ("Lakeside").
Lakeside owns a 48-unit apartment complex located in Mishawaka, Indiana. On March 28, 2017, the Registrant entered into an Assignment and Assumption Agreement (the "Agreement") by and among the Registrant, as Assignor, East Lake Capital, LLC, an Indiana limited liability company, as Assignee (the "Assignee"), and Charles W. Parrott and PAB Holdings, LLC, an Indiana limited liability company, as general partners of Lakeside (collectively, the "General Partners"), pursuant to which the Registrant will transfer the Lakeside limited partnership interests held by it to the Assignee for a total price of $200,000. The transaction is expected to close no later than June 2, 2017. The Registrant's investment balance in Lakeside was
zero
at December 31, 2016.
The foregoing description is qualified in its entirety by reference to the Agreement, a copy of which is filed as Exhibit 10.1 to this report.
Item 9.01
Financial Statements and Exhibits
(d)
Exhibits
10.1
Assignment and Assumption Agreement by and between Real Estate Associates II, a California limited partnership, East Lake Capital, LLC, an Indiana limited liability company, and Charles W. Parrott and PAB Holdings, LLC, an Indiana limited liability company, dated March 28, 2017.
The agreements included as an exhibit to this Form 8-K contain representations and warranties by each of the parties to the applicable agreement. The representations and warranties in the applicable agreement have been made solely for the benefit of the other parties to the applicable agreement and:

in all instances should not be treated as categorical statements of fact, but rather as a way of allocating the risk to one of the parties if those statements prove to be inaccurate;

have been qualified by disclosures that were made to the other party in connection with the negotiation of the applicable agreement, which disclosures are not necessarily reflected in the agreement;

may apply standards of materiality in a way that is different from what may be viewed as material to an investor; and

were made only as of the date of the applicable agreement or such other date or dates as may be specified in the agreement and are subject to more recent developments.
Accordingly, the representations and warranties in the applicable agreement may not describe the actual state of affairs as of the date they were made or at any other time. The Registrant acknowledges that, notwithstanding the inclusion of the foregoing cautionary statements, it is responsible for considering whether additional specific disclosures of material information regarding material contractual provisions are required to make the statements in this Form 8-K not misleading. Additional information about the Registrant may be found elsewhere in this Form 8-K and the Registrant's other public filings, which are available without charge through the SEC's website at http://www.sec.gov.
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.
REAL ESTATE ASSOCIATES LIMITED II
By:
National Partnership Investments, LLC
Corporate General Partner
By:
/s/Joseph Dryden
Joseph Dryden
SVP of Finance/CFO
DATED:  March 31, 2017