-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JWhHTntSKJ5f1po1OYOqsdvpey0OdwrQlzb4HlMaAMiGAd+B7pKTyk5cvjF13TMn P5RpIVu3q9DiEffz7LkE4w== 0001104659-08-047213.txt : 20080723 0001104659-08-047213.hdr.sgml : 20080723 20080723172343 ACCESSION NUMBER: 0001104659-08-047213 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 20080723 DATE AS OF CHANGE: 20080723 GROUP MEMBERS: DANIEL L. GOODWIN GROUP MEMBERS: EAGLE FINANCIAL CORP. GROUP MEMBERS: INLAND INVESTMENT ADVISORS, INC. GROUP MEMBERS: INLAND MORTGAGE INVESTMENT CORP. GROUP MEMBERS: INLAND REAL INVESTMENT CORPORATION GROUP MEMBERS: INLAND WESTERN RETAIL REAL ESTATE TRUST, INC. GROUP MEMBERS: MINTO BUILDERS (FLORIDA), INC. GROUP MEMBERS: ROBERT H. BAUM GROUP MEMBERS: THE INLAND GROUP, INC. GROUP MEMBERS: THE INLAND REAL ESTATE TRANSACTIONS GROUP, INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CapLease, Inc. CENTRAL INDEX KEY: 0001057689 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 522414533 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-80412 FILM NUMBER: 08966453 BUSINESS ADDRESS: STREET 1: 1065 AVENUE OF THE AMERICAS STREET 2: 19TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10018 BUSINESS PHONE: 2122176300 MAIL ADDRESS: STREET 1: 1065 AVENUE OF THE AMERICAS STREET 2: 19TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10018 FORMER COMPANY: FORMER CONFORMED NAME: CAPITAL LEASE FUNDING INC DATE OF NAME CHANGE: 19980312 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Inland American Real Estate Trust, Inc. CENTRAL INDEX KEY: 0001307748 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 342019608 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 2901 BUTTERFIELD ROAD CITY: OAK BROOK STATE: IL ZIP: 60523 BUSINESS PHONE: 630-218-8000 MAIL ADDRESS: STREET 1: 2901 BUTTERFIELD ROAD CITY: OAK BROOK STATE: IL ZIP: 60523 SC 13D/A 1 a08-19603_2sc13da.htm SC 13D/A

 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

SCHEDULE 13D

 

 

(Rule 13d-101)

 

 

Information to be Included in Statements Filed Pursuant to Rule 13d-1(a) and

Amendments Thereto Filed Pursuant to Rule 13d-2(a)

 

Under the Securities Exchange Act of 1934
(Amendment No. 2)*

 

CAPLEASE, INC.

(Name of Issuer)

 

COMMON STOCK

(Title of Class of Securities)

 

140288200

(CUSIP Number)

 

Roberta S. Matlin

President

Inland Investment Advisors, Inc.

2901 Butterfield Road

Oak Brook, Illinois 60523

(630 218-8000)

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

July 21, 2008

(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 



 

CUSIP No.   140288200

 

 

1.

Names of Reporting Persons
Inland American Real Estate Trust, Inc.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC, OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Maryland

Address of Principal Office:  2901 Butterfield Road, Oak Brook, Illinois 60523

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
2,825,872(1)

 

9.

Sole Dispositive Power
0

 

10.

Shared Dispositive Power
2,825,872(1)

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,825,872(1)

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
6.3%(2)

 

 

14.

Type of Reporting Person (See Instructions)
CO

 


(1) The number of shares reported as beneficially owned is as of July 21, 2008.

 

(2) The percentage is calculated based on a total of 44,744,280 of the Issuer’s shares of common stock, par value $0.01 per share, outstanding as of May 9, 2008, as disclosed in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on May 9, 2008.

 

2



 

CUSIP No.   140288200

 

 

1.

Names of Reporting Persons
Inland Western Retail Real Estate Trust, Inc.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC, OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Maryland

Address of Principal Office:  2901 Butterfield Road, Oak Brook, Illinois 60523

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
113,250(1)

 

9.

Sole Dispositive Power
0

 

10.

Shared Dispositive Power
113,250(1)

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
113,250(1)

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.3%(2)

 

 

14.

Type of Reporting Person (See Instructions)
CO

 


(1) The number of shares reported as beneficially owned is as of July 21, 2008.

 

(2) The percentage is calculated based on a total of 44,744,280 of the Issuer’s shares of common stock, par value $0.01 per share, outstanding as of May 9, 2008, as disclosed in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on May 9, 2008.

 

3



 

CUSIP No.   140288200

 

 

1.

Names of Reporting Persons
Inland Investment Advisors, Inc.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Illinois

Address of Principal Office:  2901 Butterfield Road, Oak Brook, Illinois 60523

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
3,137,822(1)

 

9.

Sole Dispositive Power
0

 

10.

Shared Dispositive Power
3,137,822(1)

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
3,137,822(1)

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
7.0%(2)

 

 

14.

Type of Reporting Person (See Instructions)
IA, CO

 


(1) The number of shares reported as beneficially owned is as of July 21, 2008.  Includes shares beneficially owned by Inland Investment Advisors, Inc. through its management of the discretionary accounts of its clients.

 

(2) The percentage is calculated based on a total of 44,744,280 of the Issuer’s shares of common stock, par value $0.01 per share, outstanding as of May 9, 2008, as disclosed in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on May 9, 2008.

 

4



 

CUSIP No.   140288200

 

 

1.

Names of Reporting Persons
Inland Real Estate Investment Corporation

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

Address of Principal Office:  2901 Butterfield Road, Oak Brook, Illinois 60523

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
3,137,822(1)

 

9.

Sole Dispositive Power
0

 

10.

Shared Dispositive Power
3,137,822(1)

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
3,137,822(1)

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
7.0%(2)

 

 

14.

Type of Reporting Person (See Instructions)
HC, CO

 


(1) The number of shares reported as beneficially owned is as of July 21, 2008.  Includes shares beneficially owned by Inland Investment Advisors, Inc., a wholly-owned subsidiary of Inland Real Estate Investment Corp., through its management of the discretionary accounts of its clients.

 

(2) The percentage is calculated based on a total of 44,744,280 of the Issuer’s shares of common stock, par value $0.01 per share, outstanding as of May 9, 2008, as disclosed in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on May 9, 2008.

 

5



 

CUSIP No.   140288200

 

 

1.

Names of Reporting Persons
The Inland Group, Inc.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

Address of Principal Office:  2901 Butterfield Road, Oak Brook, Illinois 60523

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
3,137,822(1)

 

9.

Sole Dispositive Power
0

 

10.

Shared Dispositive Power
3,137,822(1)

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
3,137,822(1)

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
7.0%(2)

 

 

14.

Type of Reporting Person (See Instructions)
HC, CO

 


(1) The number of shares reported as beneficially owned is as of July 21, 2008.  Includes shares beneficially owned by Inland Investment Advisors, Inc., an indirect wholly-owned subsidiary of The Inland Group, Inc., through its management of the discretionary accounts of its clients.

 

(2) The percentage is calculated based on a total of 44,744,280 of the Issuer’s shares of common stock, par value $0.01 per share, outstanding as of May 9, 2008, as disclosed in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on May 9, 2008.

 

6



 

CUSIP No.   140288200

 

 

1.

Names of Reporting Persons
Eagle Financial Corp.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC, OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Illinois

Address of Principal Office:  2901 Butterfield Road, Oak Brook, Illinois 60523

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
4,000(1)

 

9.

Sole Dispositive Power
0

 

10.

Shared Dispositive Power
4,000(1)

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
4,000(1)

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.0%(2)

 

 

14.

Type of Reporting Person (See Instructions)
CO

 


(1) The number of shares reported as beneficially owned is as of July 21, 2008.

 

(2) The percentage is calculated based on a total of 44,744,280 of the Issuer’s shares of common stock, par value $0.01 per share, outstanding as of May 9, 2008, as disclosed in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on May 9, 2008.

 

7



 

CUSIP No.   140288200

 

 

1.

Names of Reporting Persons
The Inland Real Estate Transactions Group, Inc.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Illinois

Address of Principal Office:  2901 Butterfield Road, Oak Brook, Illinois 60523

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
4,000(1)

 

9.

Sole Dispositive Power
0

 

10.

Shared Dispositive Power
4,000(1)

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
4,000(1)

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.0%(2)

 

 

14.

Type of Reporting Person (See Instructions)
HC, CO

 


(1) The number of shares reported as beneficially owned is as of July 21, 2008.

 

(2) The percentage is calculated based on a total of 44,744,280 of the Issuer’s shares of common stock, par value $0.01 per share, outstanding as of May 9, 2008, as disclosed in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on May 9, 2008.

 

8



 

CUSIP No.   140288200

 

 

1.

Names of Reporting Persons
Inland Mortgage Investment Corp.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC, OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Illinois

Address of Principal Office:  2901 Butterfield Road, Oak Brook, Illinois 60523

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
4,500(1)

 

9.

Sole Dispositive Power
0

 

10.

Shared Dispositive Power
4,500(1)

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
4,500(1)

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.0%(2)

 

 

14.

Type of Reporting Person (See Instructions)
HC, CO

 


(1) The number of shares reported as beneficially owned is as of July 21, 2008.

 

(2) The percentage is calculated based on a total of 44,744,280 of the Issuer’s shares of common stock, par value $0.01 per share, outstanding as of May 9, 2008, as disclosed in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on May 9, 2008.

 

9



 

CUSIP No.   140288200

 

 

1.

Names of Reporting Persons
Minto Builders (Florida), Inc.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC, OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Florida

Address of Principal Office:  2901 Butterfield Road, Oak Brook, Illinois 60523

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
53,100(1)

 

9.

Sole Dispositive Power
0

 

10.

Shared Dispositive Power
53,100(1)

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
53,100(1)

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.1%(2)

 

 

14.

Type of Reporting Person (See Instructions)
CO

 


(1) The number of shares reported as beneficially owned is as of July 21, 2008.

 

(2) The percentage is calculated based on a total of 44,744,280 of the Issuer’s shares of common stock, par value $0.01 per share, outstanding as of May 9, 2008, as disclosed in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on May 9, 2008.

 

10



 

CUSIP No.   140288200

 

 

1.

Names of Reporting Persons
Daniel L. Goodwin

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States

Address of Principal Office:  2901 Butterfield Road, Oak Brook, Illinois 60523

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
3,137,822(1)

 

9.

Sole Dispositive Power
0

 

10.

Shared Dispositive Power
3,137,822(1)

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
3,137,822(1)

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
7.0%(2)

 

 

14.

Type of Reporting Person (See Instructions)
HC, IN

 


(1) The number of shares reported as beneficially owned is as of July 21, 2008.  Includes shares beneficially owned by Inland Investment Advisors, Inc., an indirect wholly-owned subsidiary of The Inland Group, Inc., through its management of the discretionary accounts of its clients.  Mr. Goodwin is the controlling shareholder of The Inland Group, Inc.

 

(2) The percentage is calculated based on a total of 44,744,280 of the Issuer’s shares of common stock, par value $0.01 per share, outstanding as of May 9, 2008, as disclosed in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on May 9, 2008.

 

11



 

CUSIP No.   140288200

 

 

1.

Names of Reporting Persons
Robert H. Baum

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States

Address of Principal Office:  2901 Butterfield Road, Oak Brook, Illinois 60523

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
1,000(1)

 

8.

Shared Voting Power
0

 

9.

Sole Dispositive Power
1,000(1)

 

10.

Shared Dispositive Power
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
1,000(1)

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.0%(2)

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


(1) The number of shares reported as beneficially owned is as of July 21, 2008.

 

(2) The percentage is calculated based on a total of 44,744,280 of the Issuer’s shares of common stock, par value $0.01 per share, outstanding as of May 9, 2008, as disclosed in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on May 9, 2008.

 

12



 

CUSIP No.   140288200

 

This Amendment No. 2 to schedule 13D (the “Amendment No. 2”) amends and supplements the schedule 13D filed by Inland American Real Estate Trust, Inc., Inland Western Retail Real Estate Trust, Inc., Inland Investment Advisors, Inc., Inland Real Estate Investment Corporation, The Inland Group, Inc., Eagle Financial Corp., The Inland Real Estate Transactions Group, Inc., Daniel L. Goodwin, Robert H. Baum and G. Joseph Cosenza with the Securities and Exchange Commission (the “SEC”) on September 20, 2007 (the “Initial Statement” and together with Amendment No. 1 filed with the SEC on February 22, 2008, and Amendment No. 2, the “Schedule 13D”) in connection with the acquisition of Shares by Inland Mortgage Investment Corp. and Minto Builders (Florida), Inc. and the acquisition of additional Shares by Inland American and IWRRETI.  Capitalized terms used in this Amendment No. 2 without being defined herein have the meanings given to them in the Initial Statement, or the prior amendment, as applicable.

 

 

Item 2.

Identity and Background

Appendices A – G of this Schedule 13D regarding the Identity and Background items (2)(a), (b), (c) and (f) of each of the executive officers and directors of Inland American, IWRRETI, Adviser, IREIC, TIGI, Eagle and TIRETG, respectively, which information is incorporated by reference into this Item 2, are amended and restated in their entirety.

 

G. Joseph Cosenza has sold all the Shares he beneficially owned and does not have a Sec. 13 reporting obligation with respect to Shares of the Company; therefore, information specific to Mr. Cosenza in Item 2, except for references to Mr. Cosenza in the Appendices in his role as an officer or director of a Reporting Person, is hereby deleted.

 

In addition, Item 2 of Schedule 13D is hereby amended and supplemented by the addition of the following information:

 

(a)           Inland Mortgage Investment Corp. (“IMIC”)

 

(b)           State of Incorporation:  Illinois

 

Address of Principal Office:  2901 Butterfield Road, Oak Brook, Illinois 60523

 

(c)           Principal Business:  IMIC is a holding company for the assets of its subsidiaries.

 

(d)           IMIC has not been convicted in a criminal proceeding during the last five years, excluding traffic violations or similar misdemeanors.  To the knowledge of IMIC, none of the executive officers and directors of IMIC has been convicted in a criminal proceeding during the last five years, excluding traffic violations or similar misdemeanors.

 

(e)           IMIC is not, and during the last five years has not been, subject to (i) a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or (ii) a finding of any violation with respect to federal or state securities laws as a result of a civil proceeding of a judicial or administrative body of competent jurisdiction to which it was a party.  To the knowledge of IMIC, none of the executive officers and directors of IMIC has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction during the last five years the result of which subjected him or her to (i) a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or (ii) a finding of any violation with respect to federal or state securities laws.

 

Please see Appendix H filed with this Schedule 13D for Identity and Background items (2)(a), (b), (c) and (f) of each of the executive officers and directors of IMIC, which information is incorporated by reference into this Item 2.

 

(a)           Minto Builders (Florida), Inc. (“MB REIT”)

 

(b)           State of Incorporation:  Florida
Address of Principal Office:  2901 Butterfield Road, Oak Brook, Illinois 60523

 

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CUSIP No.   140288200

 

(c)           Principal Business:  MB REIT is a real estate investment trust which invests in and acquires, holds, manages, administers, controls and disposes of real estate assets.

 

(d)           MB REIT has not been convicted in a criminal proceeding during the last five years, excluding traffic violations or similar misdemeanors.  To the knowledge of MB REIT, none of the executive officers and directors of MB REIT has been convicted in a criminal proceeding during the last five years, excluding traffic violations or similar misdemeanors.

 

(e)           MB REIT is not, and during the last five years has not been, subject to (i) a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or (ii) a finding of any violation with respect to federal or state securities laws as a result of a civil proceeding of a judicial or administrative body of competent jurisdiction to which it was a party.  To the knowledge of MB REIT, none of the executive officers and directors of MB REIT has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction the result of which subjected him or her to (i) a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or (ii) a finding of any violation with respect to federal or state securities laws.

 

Please see Appendix I filed with this Schedule 13D for Identity and Background items (2)(a), (b), (c) and (f) of each of the executive officers and directors of MB REIT, which information is incorporated by reference into this Item 2.

 

In addition, the last paragraph of Item 2 of the Schedule 13D is hereby amended and restated in its entirety as follows:

 

Inland American, IWRRETI, Adviser, IREIC, TIGI, Eagle, TIRETG, IMIC, MB REIT, Daniel L. Goodwin and Robert H. Baum, collectively are referred to herein as the “Reporting Persons.”

 

 

Item 3.

Source and Amount of Funds or Other Consideration

Item 3 of the Schedule 13D is hereby amended and supplemented by the addition of the following information:

 

Pursuant to the Inland American Advisory Agreement, Adviser has purchased on behalf of Inland American an additional 208,350 Shares for an aggregate price of $1,677,150 in approximately 23 open-market transactions from February 21, 2008 through July 21, 2008.  The working capital of Inland American and brokerage account margin loans were the sources of consideration for the purchases.

 

Pursuant to the IWRRETI Advisory Agreement, Adviser has purchased on behalf of IWRRETI an additional 73,250 Shares for an aggregate price of $594,980 in approximately 11 open-market transactions from February 25, 2008 through June 9, 2008.  The working capital of IWRRETI and brokerage account margin loans were the sources of consideration for the purchases.

 

Pursuant to an investment advisory agreement for discretionary accounts, substantially in the form attached as Exhibit 7.4 to this Schedule 13D, Adviser has purchased on behalf of Benedictine University an additional 36,000 Shares for an aggregate price of $292,518 in approximately 10 open-market transactions from February 25, 2008 through June 16, 2008.  The working capital of Benedictine University and brokerage account margin loans were the sources of consideration for the purchases.

 

Pursuant to an investment advisory agreement for discretionary accounts, substantially in the form attached as Exhibit 7.4 to this Schedule 13D, Adviser has purchased on behalf of St. Procopius Abbey Endowment 7,000 Shares for an aggregate price of $56,963 in approximately 4 open-market transactions from March 4, 2008 through June 9, 2008.  The working capital of St. Procopius Abbey Endowment and brokerage account margin loans were the sources of consideration for the purchases.

 

14



 

CUSIP No.   140288200

 

Pursuant to an investment advisory agreement for discretionary accounts, substantially in the form attached as Exhibit 7.4 to this Schedule 13D, Adviser has purchased on behalf of IMIC 4,500 Shares for an aggregate price of $36,478 in approximately 4 open-market transactions from February 29, 2008 through June 9, 2008.  The working capital of IMIC and brokerage account margin loans were the sources of consideration for the purchases.

 

Pursuant to an investment advisory agreement for discretionary accounts, substantially in the form attached as Exhibit 7.1 to this Schedule 13D, Adviser has purchased on behalf of MB REIT 53,100 Shares for an aggregate price of $403,869 in approximately 16 open-market transactions from June 2, 2008 through July 18, 2008.  The working capital of MB REIT and brokerage account margin loans were the sources of consideration for the purchases.

 

The last sentence of the second paragraph of Item 3 of the Schedule 13D is hereby replaced in its entirety with the following:

 

The Inland American Advisory Agreement, the IWRRETI Advisory Agreement and the investment advisory agreements for discretionary accounts by and between Adviser and each of Eagle, IMIC, MB REIT, Daniel L. Goodwin and Robert H. Baum, and Adviser’s clients who are not Reporting Persons, respectively, are collectively referred to in this Schedule 13D as the “Advisory Agreements.”

 

In addition, the last paragraph of Item 3 of the Initial Statement is hereby replaced in its entirety with the following:

 

To the knowledge of Inland American, IWRRETI, Adviser, IREIC, TIGI, Eagle, TIRETG, IMIC and MB REIT this Item 3 is inapplicable to the executive officers and directors listed on Appendices A through I, respectively, to the extent those officers and directors are not Reporting Persons, because none of the executive officers and directors who are not Reporting Persons owns any Shares of the Company.

 

 

Item 5.

Interest in Securities of the Issuer

Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows:

 

(a)           See response corresponding to row 11 of the cover page of each Reporting Person for the aggregate number of Shares beneficially owned by the Reporting Persons, which is incorporated herein by reference.  See response corresponding to row 13 of the cover page of each Reporting Person for the percentage of Shares beneficially owned by each of the Reporting Persons, which is incorporated herein by reference.  The Adviser makes decisions as to dispositions of the Shares held in the discretionary accounts of the Adviser Clients (as defined below in Item 6) by means of a committee composed of three of the directors of Adviser.  No one officer or director of any of the Reporting Persons, with the exception of Mr. Goodwin, has the ability to direct the disposition of the Shares.

 

(b)           See responses corresponding to rows seven through ten of the cover page of each Reporting Person for the number of Shares as to which that Reporting Person has sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, and shared power to dispose or to direct the disposition, which responses are incorporated herein by reference.  The Adviser shares the power to vote or direct the vote and the power of disposition with each of the Adviser Clients with respect to the Shares in their respective accounts.

 

15



 

CUSIP No.   140288200

 

(c)           During the past 60 days, Adviser has effected the following Share transactions for the account of Inland American, each via the New York Stock Exchange:

 

Date

 

Type of
Transaction

 

No. of Shares

 

Price Per Share

 

Total Purchase Price

 

June 11, 2008

 

Buy

 

14,500

 

$

7.85

 

$

113,813

 

June 26, 2008

 

Buy

 

29,000

 

$

7.74

 

$

224,450

 

July 3, 2008

 

Buy

 

5,000

 

$

7.15

 

$

35,775

 

July 7, 2008

 

Buy

 

4,500

 

$

6.84

 

$

30,783

 

July 16, 2008

 

Buy

 

100

 

$

7.09

 

$

709

 

July 17, 2008

 

Buy

 

3,000

 

$

7.56

 

$

22,684

 

July 18, 2008

 

Buy

 

3,100

 

$

7.46

 

$

23,125

 

July 21, 2008

 

Buy

 

6,000

 

$

7.58

 

$

45,477

 

 

During the past 60 days, Adviser has effected the following Share transactions for the account of IWRRETI, each via the New York Stock Exchange:

 

Date

 

Type of
Transaction

 

No. of Shares

 

Price Per Share

 

Total Purchase Price

 

June 9, 2008

 

Buy

 

4,500

 

$7.96

 

$35,954

 

 

During the past 60 days, Adviser has effected the following Share transactions for the account of other Adviser Clients who are not Reporting Persons, each via the New York Stock Exchange:

 

Date

 

Type of
Transaction

 

No. of Shares

 

Price Per Share

 

Total Purchase Price

 

June 3, 2008

 

Buy

 

5,000

 

$

8.12

 

$

40,773

 

June 3, 2008

 

Buy

 

2,000

 

$

8.12

 

$

16,307

 

June 6, 2008

 

Buy

 

7,000

 

$

8.10

 

$

56,906

 

June 6, 2008

 

Buy

 

3,000

 

$

8.10

 

$

24,386

 

June 9, 2008

 

Buy

 

2,000

 

$

7.96

 

$

15,982

 

June 9, 2008

 

Buy

 

500

 

$

7.96

 

$

3,994

 

June 16, 2008

 

Buy

 

6,000

 

$

8.05

 

$

48,479

 

 

During the past 60 days, Adviser has effected the following Share transactions for the account of IMIC, each via the New York Stock Exchange:

 

Date

 

Type of
Transaction

 

No. of Shares

 

Price Per Share

 

Total Purchase Price

 

June 3, 2008

 

Buy

 

500

 

$

8.12

 

$

4,077

 

June 9, 2008

 

Buy

 

500

 

$

7.96

 

$

3,994

 

 

16



 

CUSIP No.   140288200

 

During the past 60 days, Adviser has effected the following Share transactions for the account of MB REIT, each via the New York Stock Exchange:

 

Date

 

Type of
Transaction

 

No. of Shares

 

Price Per Share

 

Total Purchase Price

 

June 2, 2008

 

Buy

 

3,000

 

$

8.18

 

$

24,644

 

June 3, 2008

 

Buy

 

4,000

 

$

8.12

 

$

32,619

 

June 6, 2008

 

Buy

 

5,000

 

$

8.10

 

$

40,649

 

June 9, 2008

 

Buy

 

3,500

 

$

7.96

 

$

27,965

 

June 10, 2008

 

Buy

 

1,000

 

$

7.92

 

$

7,955

 

June 11, 2008

 

Buy

 

3,000

 

$

7.90

 

$

23,789

 

June 26, 2008

 

Buy

 

5,000

 

$

7.81

 

$

39,203

 

June 27, 2008

 

Buy

 

2,000

 

$

7.50

 

$

15,065

 

June 30, 2008

 

Buy

 

2,000

 

$

7.50

 

$

15,065

 

July 1, 2008

 

Buy

 

2,500

 

$

7.40

 

$

18,580

 

July 3, 2008

 

Buy

 

5,000

 

$

7.15

 

$

35,905

 

July 7, 2008

 

Buy

 

7,100

 

$

6.99

 

$

49,857

 

July 11, 2008

 

Buy

 

1,500

 

$

7.25

 

$

10,925

 

July 14, 2008

 

Buy

 

3,000

 

$

7.20

 

$

21,695

 

July 15, 2008

 

Buy

 

3,000

 

$

7.09

 

$

21,377

 

July 18, 2008

 

Buy

 

2,500

 

$

7.40

 

$

18,580

 

 

To the knowledge of Inland American, IWRRETI, Adviser, IREIC, TIGI, Eagle, TIRETG, IMIC and MB REIT,  respectively, none of their executive officers and directors with the exception of Mr. Cosenza, who sold all his 28,000 Shares on June 13, 2008, has effected any transactions in Shares of the Company in the last 60 days.

 

(d)           None.

 

(e)           Not Applicable.

 

Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

The first and third paragraphs of Item 6 are hereby amended and restated in their entirety as follows:

 

The Adviser purchased the Shares for the accounts of its clients, respectively, pursuant to the terms of the client’s corresponding Advisory Agreement.  The Advisory Agreements provide that Adviser has full discretionary authority with respect to the investment and reinvestment of the assets of the separate accounts that each of Inland American, IWRRETI,  Eagle, IMIC, MB REIT, Daniel L. Goodwin and Robert H. Baum, and Adviser’s other clients that own Shares (collectively, the “Adviser Clients” and each individually, an “Adviser Client”) maintains with Adviser, subject to certain investment guidelines that the Adviser Clients may provide from time to time.  These guidelines take effect generally fifteen days after notice to Adviser.  The Advisory Agreements also provide that the Adviser has the power as an Adviser Client’s proxy and attorney-in-fact to vote, tender or direct the voting or tendering of all of the assets of the accounts of that Adviser Client.  Either party to an Advisory Agreement may terminate that Advisory Agreement upon thirty days’ written notice.  The Inland American Advisory Agreement is attached to this Schedule 13D as Exhibit 7.1, the IWRRETI Advisory Agreement is attached to this Schedule 13D as Exhibit 7.2, and a form of advisory agreement into which each of the other Adviser Clients, except MB REIT,  has entered is attached as Exhibit 7.4 to this Schedule 13D.  MB REIT has entered into an advisory agreement that is substantially the same as Exhibit 7.1.

 

Inland American, IWRRETI, Adviser, IREIC, TIGI, Eagle, TIRETG, IMIC and MB REIT are separate legal entities.  IREIC sponsored Inland American and IWRRETI.  Adviser is a wholly owned subsidiary of IREIC, which is a wholly owned subsidiary of TIGI, of which Mr. Goodwin is a controlling shareholder.  Eagle is a wholly owned subsidiary of TIRETG, which is a wholly owned subsidiary of TIGI.  IMIC is also a wholly owned subsidiary of TIGI.  MB REIT is a controlled subsidiary of Inland American.  Some of the Reporting Persons have some common officers and directors; however, the boards of directors of Inland American and IWRRETI are each comprised of a majority of independent directors.  An investment committee comprised of three members of the board of directors of Adviser oversees the overall investment strategy and decisions made with respect to the discretionary accounts that Adviser manages within the respective investment guidelines provided to it by its

 

17



 

CUSIP No.   140288200

 

clients, including Inland American and the other Adviser Clients.  Mr. Goodwin, Mr. Robert D. Parks and Ms. Roberta S. Matlin are the members of this investment committee.  Mr. Goodwin manages the day-to-day operations of Adviser.

 

 

Item 7.

Material to be Filed as Exhibits

Item 7 of the Schedule 13D is hereby amended and supplemented by the addition of the following:

 

Exhibit Number

 

Exhibit

7.1

 

The amended Schedule A, dated July 1, 2008, to the Inland American Advisory Agreement, is attached to this Amendment No. 2 as Exhibit 7.1 and replaces in its entirety Schedule A in Exhibit 7.1 as filed with the Initial Statement

 

 

 

7.2

 

The amended Schedule A, dated July 1, 2008, to the IWRRETI Advisory Agreement, is attached to this Amendment No. 2 as Exhibit 7.2 and replaces in its entirety Schedule A in Exhibit 7.2 as filed with the Initial Statement

 

 

 

7.6

 

Joint Filing Agreement

 

18



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated:  July 23, 2008

 

INLAND AMERICAN REAL ESTATE TRUST, INC.

 

 

 

 

 

 

 

 

 

 

 

/s/ Roberta S. Matlin

 

 

Name:

Roberta S. Matlin

 

 

Title:

Vice President – Administration

 

 

 

 

Dated:  July 23, 2008

 

INLAND WESTERN RETAIL REAL ESTATE TRUST, INC.

 

 

 

 

 

 

 

 

 

 

 

/s/ Steven P. Grimes

 

 

Name:

Steven P. Grimes

 

 

Title:

Chief Operating Officer and Chief Financial Officer

 

 

 

 

Dated:  July 23, 2008

 

INLAND INVESTMENT ADVISORS, INC.

 

 

 

 

 

 

 

 

 

 

 

/s/ Roberta S. Matlin

 

 

Name:

Roberta S. Matlin

 

 

Title:

President

 

 

 

 

Dated:  July 23, 2008

 

INLAND REAL ESTATE INVESTMENT CORPORATION

 

 

 

 

 

 

 

 

 

 

 

/s/ Roberta S. Matlin

 

 

Name:

Roberta S. Matlin

 

 

Title:

Senior Vice President

 

 

 

 

Dated:  July 23, 2008

 

THE INLAND GROUP, INC.

 

 

 

 

 

 

 

 

 

 

 

/s/ Daniel L. Goodwin

 

 

Name:

Daniel L. Goodwin

 

 

Title:

President

 

 

 

 

Dated:  July 23, 2008

 

EAGLE FINANCIAL CORP.

 

 

 

 

 

 

 

 

 

 

 

/s/ Daniel L. Goodwin

 

 

Name:

Daniel L. Goodwin

 

 

Title:

President

 

 

 

 

Dated:  July 23, 2008

 

THE INLAND REAL ESTATE TRANSACTIONS GROUP,
INC.

 

 

 

 

 

 

 

 

 

 

 

/s/ Daniel L. Goodwin

 

 

Name:

Daniel L. Goodwin

 

 

Title:

President

 

19



 

Dated:  July 23, 2008

 

MINTO BUILDERS (FLORIDA), INC.

 

 

 

 

 

 

 

 

 

 

 

/s/ Roberta S. Matlin

 

 

Name:

Roberta S. Matlin

 

 

Title

Vice President

 

 

 

 

Dated:  July 23, 2008

 

INLAND MORTGAGE INVESTMENT CORP.

 

 

 

 

 

 

 

 

 

 

 

/s/ Daniel L. Goodwin

 

 

Name:

Daniel L. Goodwin

 

 

Title:

President

 

 

 

 

Dated:  July 23, 2008

 

DANIEL L. GOODWIN

 

 

 

 

 

 

 

 

 

 

 

/s/ Daniel L. Goodwin

 

 

 

 

Dated:  July 23, 2008

 

ROBERT H. BAUM

 

 

 

 

 

 

 

 

 

 

 

/s/ Robert H. Baum

 

20



 

Cusip No. 140288200

 

Appendices A – G to this Schedule 13D are hereby amended and restated in their entirety.  Appendix H and I are supplemented to this Schedule 13D:

 

General Note Regarding Appendices A – I

 

For purposes of Item 2(c) as it pertains to an executive officer or director of one of the Reporting Persons whose principal employer is Inland Real Estate Investment Corporation (“IREIC”) or The Inland Group, Inc. (“TIGI”), the principal business of each of those corporations is providing property management, leasing, marketing, acquisition, disposition, development, redevelopment, renovation, construction, finance, investment products and other services related to real estate.  IREIC is the sole shareholder of Inland American Business Manager & Advisor, Inc.  The principal business of Inland American Business Manager & Advisor, Inc. is overseeing and managing Inland American’s day-to-day operations, including identifying potential investment opportunities in real estate assets and assisting the board in evaluating those opportunities; preparing regulatory filings and other reports required by law; administering bookkeeping and accounting functions; and undertaking and performing all services and activities necessary and proper to carry out Inland American’s investment objectives.

 

Appendix A

Executive Officers and Directors of Inland American

 

Names and
Titles of Inland
American
Executive
Officers and
Directors

 

Principal Occupation or Employment and Business of Principal
Employer

 

Business or Residence
Address; Citizenship

J. Michael Borden, Director

 

President and Chief Executive Officer of Freedom Plastics, Inc., Rock Valley Trucking Co., Inc., Total Quality Plastics, Inc., Rock Valley Leasing, Inc., Hufcor Inc., Airwall, Inc. and Soft Heat; Chief Executive Officer of Hufcor Asia Pacific in China and Hong Kong, Marashumi Corp. in Malaysia, Hufcor Australia Group, and F. P. Investments.

 

Hufcor, Inc.
P.O. Box 591

Janesville, WI 53547

United States Citizen

 

 

 

 

 

Thomas F.
Glavin, Director

 

Owner of Thomas F. Glavin & Associates, Inc., a certified public accounting firm started in 1988, and partner in Gateway Homes, which has zoned, developed and managed a 440 unit manufactured home park in Frankfort, Illinois as well as single family home sites.

 

414 Plaza Drive, Suite 304
Westmont, IL 60551

United States Citizen

 

 

 

 

 

Brenda G. Gujral,
and President
Director

 

Chief Executive Officer, Inland Real Estate Investment
Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

David Mahon, Director

 

Managing Director of GE Antares Capital and one of GE Antares’ senior deal professionals in leveraged finance; works in capital markets where he is responsible for structuring and syndicating GE Antares’ transactions.

 

GE Antares Capital
500 West Monroe Street

Chicago, IL 60661

United States Citizen

 

A-1

 



 

Cusip No. 140288200

 

Thomas F. Meagher,
Director

 

Principal stockholder and Chairman of Professional Golf Cars of Florida; serves on the board of directors of The Private Bank of Chicago, DuPage Airport Authority and the TWA Plan Oversight Committee.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Robert D. Parks, Chairman of the Board; Director

 

Chairman, Inland Real Estate Investment Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Paula Saban, Director

 

President and principal stockholder in Newport Distribution, Inc., a construction products company.

Recently retired from Bank of America as Senior Vice President/Private Client Manager with Bank of America’s Private Bank and Banc of America Investment Services, Inc. where she managed a diverse client portfolio; responsible for client management and overall client satisfaction.

 

807 Tory Court
Schaumburg, IL 60173

United States Citizen

 

 

 

 

 

William J. Wierzbicki, Director

 

Registered Professional Planner in the Province of Ontario, Canada; sole proprietor of “Planning Advisory Services,” a land-use planning consulting service providing consultation and advice to various local governments, developers and individuals; Chairman of the Sault North Planning Board, which is responsible for land-use planning for 32 unorganized townships north of the city of Sault Ste. Marie; independent director on the Sault Area Hospital board of directors and sits on that board’s New Hospital Planning Committee and the Quality and Performance Committee.

 

28 Tadcaster Place
Sault Ste. Marie, Ontario
Canada P6B 5E4

Canadian Citizen

 

 

 

 

 

Roberta S.
Matlin, Vice President – Administration

 

Senior Vice President, Inland Real Estate Investment Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Lori Foust, Treasurer and Principal Financial Officer

 

Treasurer and Principal Financial Officer of Inland American; Chief Financial Officer of Inland American Business Manager & Advisor, Inc.; principally employed by Inland Real Estate Investment Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Scott W. Wilton, Secretary

 

Secretary of Inland American; Assistant Vice President of The Inland Real Estate Group, Inc.; Secretary of Inland Real Estate Exchange Corporation; Secretary of Inland American Business Manager & Advisor, Inc.; principally employed as Assistant Counsel with The Inland Real Estate Group, Inc. law department, which provides legal services, including drafting and negotiating real estate purchase and sales contracts, leases and other real estate or corporate agreements and documents, performing due diligence, and rendering legal opinions.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

A-2

 



 

Cusip No. 140288200

 

Jack Potts, Principal Accounting Officer

 

Principal Accounting Officer of Inland American and Chief Accounting Officer of Inland American Business Manager & Advisor, Inc.; principally employed by Inland Real Estate Investment Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

A-3

 



 

Cusip No. 140288200

 

Appendix B

Executive Officers and Directors of IWRRETI

 

Names and Titles
of IWRRETI
Executive Officers
and Directors

 

Principal Occupation or Employment and Business of
Principal Employer

 

Business or Residence
Address; Citizenship

Kenneth H. Beard, Director

 

President and chief executive officer of Midwest Mechanical Group, a mechanical construction and service company.

 

Midwest Mechanical Group
540 Executive Drive
Willowbrook, Illinois 60527

United States Citizen

 

 

 

 

 

Frank A. Catalano,
Jr.,
Director

 

President of Catalano & Associates, a real estate company that includes brokerage, property management and rehabilitation and leasing of office buildings.

 

Catalano & Associates
105 South York Road, Suite 200
Elmhurst, Illinois 60126

United States Citizen

 

 

 

 

 

Paul R. Gauvreau, Director

 

Retired chief financial officer, financial vice president and treasurer of Pittway Corporation, a New York Stock Exchange listed manufacturer and distributor of professional burglar and fire alarm systems and equipment.

 

4483 RFD
Long Grove, Illinois 60047

United States Citizen

 

 

 

 

 

Gerald M. Gorski, Director

 

Partner in the law firm of Gorski and Good located in Wheaton, Illinois, practicing governmental law.

 

211 S. Wheaton Ave., Suite 305
Wheaton, Illinois 60187

United States Citizen

 

 

 

 

 

Brenda G. Gujral, Director

 

Chief Executive Officer, Inland Real Estate Investment Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Richard P.
Imperiale, Director

 

President, Forward Uniplan Advisors, money management firm.

 

Forward Uniplan Advisors, Inc.
22939 West Overson Road

Union Grove, Wisconsin 53182

United States Citizen

 

 

 

 

 

Kenneth E. Masick, Director

 

Partner, Wolf & Company, LLP, public accounting firm.

 

Wolf & Co.
2100 Clearwater Drive
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Barbara A.
Murphy, Director

 

Chairwoman of the DuPage Republican Party, member of the Illinois Motor Vehicle Review Board and a member of the Matrimonial Fee Arbitration Board.

 

850 Saddlewood
Glen Ellyn, Illinois 60137

United States Citizen

 

B-1

 



 

Cusip No. 140288200

 

Niall J. Byrne, Vice President

 

Vice President, Inland Western Retail Real Estate Trust, Inc.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Shane C. Garrison, Chief Investment Officer

 

Chief Investment Officer, Inland Western Retail Real Estate Trust, Inc.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Steven P. Grimes, Chief Operating Officer and Chief Financial Officer

 

Chief Operating Officer and Chief Financial Officer, Inland Western Retail Real Estate Trust, Inc.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Dennis Holland, General Counsel
and Secretary

 

General Counsel and Secretary, Inland Western Retail Real Estate Trust, Inc.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

James Kleifges,
Chief Accounting Officer

 

Chief Accounting Officer, Inland Western Retail Real Estate Trust, Inc.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Michael J.
O’Hanlon,
President and Chief Executive Officer

 

President and Chief Executive Officer, Inland Western Retail Real Estate Trust, Inc.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Robert D. Parks, Chairman and
Director

 

Chairman, Inland Real Estate Investment Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

B-2

 



 

Cusip No. 140288200

 

Appendix C

Executive Officers and Directors of Adviser

 

Names and
Titles of Adviser
Executive
Officers and
Directors

 

Principal Occupation or Employment and Business of Principal
Employer

 

Business or Residence
Address; Citizenship

Brenda G. Gujral, Director and
Vice President

 

Chief Executive Officer, Inland Real Estate Investment Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Roberta S.
Matlin, Director
and President

 

Senior Vice President, Inland Real Estate Investment Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Daniel L.
Goodwin,
Director

 

Chairman and President, The Inland Group, Inc.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Robert D. Parks,
Director

 

Chairman, Inland Real Estate Investment Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Catherine L.
Lynch, Treasurer and Secretary

 

Treasurer and Secretary, Inland Real Estate Investment Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

C-1



 

Cusip No. 140288200

 

Appendix D

Executive Officers and Directors of IREIC

 

Names and Titles
of IREIC
Executive
Officers and
Directors

 

Principal Occupation or Employment and Business of Principal
Employer

 

Business or Residence
Address; Citizenship

Daniel L.
Goodwin, Director

 

Chairman and President, The Inland Group, Inc.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Robert H. Baum, Director

 

Vice Chairman, Executive Vice President and General Counsel of The Inland Group, Inc.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Brenda G. Gujral, Director & Chief Executive Officer

 

Chief Executive Officer, Inland Real Estate Investment Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Roberta S. Matlin, Director & Senior Vice President

 

Senior Vice President, Inland Real Estate Investment Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Robert D. Parks, Director

 

Chairman, Inland Real Estate Investment Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Catherine L.
Lynch, Treasurer
and Secretary

 

Treasurer and Secretary, Inland Real Estate Investment Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

George A. Pandaleon, Senior Vice President

 

Senior Vice President, Inland Real Estate Investment Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Ulana B. Horalewskyj,
Senior Vice
President

 

Senior Vice President, Inland Real Estate Investment Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

George Adamek, Vice President

 

Vice President, Inland Real Estate Investment Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

D-1

 



 

Cusip No. 140288200

 

 

 

 

 

 

Marianne Jones,
Vice President

 

Vice President, Inland Real Estate Investment Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Guadalupe Griffin, Vice President

 

Vice President, Inland Real Estate Investment Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Dawn M.
Williams, Vice
President-
Marketing

 

Vice President-Marketing, Inland Real Estate Investment Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Sandra Perion,
Vice President-Operations

 

Vice President-Operations, Inland Real Estate Investment Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

D-2

 



 

Cusip No. 140288200

 

Appendix E

Executive Officers and Directors of TIGI

 

Names and
Titles of TIGI
Executive
Officers and
Directors

 

Principal Occupation or Employment and Business of Principal
Employer

 

Business or Residence
Address; Citizenship

Daniel L.
Goodwin,
Chairman and President

 

Chairman and President, The Inland Group, Inc.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Robert H. Baum Vice Chairman, Executive Vice President and General Counsel

 

Vice Chairman, Executive Vice President and General Counsel, The Inland Group, Inc.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

G. Joseph
Cosenza, Vice Chairman

 

Vice Chairman, The Inland Group, Inc.; President, Inland Real Estate Acquisitions, Inc.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Robert D. Parks, Director

 

Chairman, Inland Real Estate Investment Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

E-1

 



 

Cusip No. 140288200

 

Appendix F

Executive Officers and Directors of Eagle

 

Names and
Titles of Eagle
Executive
Officers and
Directors

 

Principal Occupation or Employment and Business of Principal
Employer

 

Business or Residence
Address; Citizenship

Daniel L.
Goodwin,
President and Director

 

Chairman and President, The Inland Group, Inc.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Kiran C. Joshi, Director and Vice President

 

Director and Vice President, Inland Real Estate Acquisitions, Inc.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Alan F. Kremin, Director,
Treasurer and Secretary

 

Director, Chief Financial Officer, Treasurer and Secretary, The Inland Real Estate Transactions Group, Inc.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

F-1



 

Cusip No. 140288200

 

Appendix G

Executive Officers and Directors of TIRETG

 

Names and
Titles of
TIRETG
Executive
Officers and
Directors

 

Principal Occupation or Employment and Business of Principal
Employer

 

Business or Residence
Address; Citizenship

Daniel L.
Goodwin,
President and Director

 

Chairman and President, The Inland Group, Inc.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Robert H. Baum, Director and Vice President

 

Vice Chairman, Executive Vice President and General Counsel, The Inland Group, Inc.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Alan F. Kremin, Director, Chief Financial Officer, Treasurer and Secretary

 

Director, Chief Financial Officer, Treasurer and Secretary, The Inland Real Estate Transactions Group, Inc.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

G-1

 



 

Cusip No. 140288200

 

Appendix H

Executive Officers and Directors of IMIC

 

Names and Titles of IMIC Executive
Officers and
Directors

 

Principal Occupation or Employment and Business of Principal
Employer

 

Business or Residence Address; Citizenship

Robert H. Baum, Director

 

Vice Chairman, Executive Vice President and General Counsel of The Inland Group, Inc.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Daniel L.
Goodwin,
Director and President

 

Chairman and President of The Inland Group, Inc.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Frances C.
Panico,
Director and
Senior Vice President

 

Director and President of Inland Mortgage Servicing Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Raymond E. Petersen, Director and Senior Vice President

 

Director and President of Inland Mortgage Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Gale A. Evans, Assistant Vice President and Assistant
Secretary

 

Senior Vice President and Assistant Secretary of Inland Mortgage Servicing Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Christin Snow, Controller

 

Controller of Inland Mortgage Investment Corp.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

H-1

 



 

Cusip No. 140288200

 

Appendix I

Executive Officers and Directors of MB REIT

 

Names and Titles
of MB REIT
Executive Officers
and Directors

 

Principal Occupation or Employment and Business of Principal
Employer

 

Business or Residence
Address; Citizenship

Lori Foust, Director &
Treasurer

 

Treasurer and Principal Financial Officer of Inland American; Chief Financial Officer of Inland American Business Manager & Advisor, Inc.; principally employed by IREIC.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Alan Greenberg, Director

 

Executive of the Minto Group Inc., a fully integrated real estate development, construction and management company with operations in Florida and Ottawa and Toronto, Canada, that (i) provides residential and commercial accommodations, (ii) builds new homes, (iii) manages residential rental homes and apartments in Ottawa and Toronto (iv) carries a commercial portfolio of office, retail and industrial space and (v) owns and operates Minto Suite Hotel, a hotel in downtown Ottawa.

 

2239 Yonge Street, Toronto,
Ontario Canada

Canadian Citizen

 

 

 

 

 

Brenda G. Gujral, Director &
President

 

President and Chief Operating Officer, Inland Real Estate Investment Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

J. Eric McKinney, Director

 

Executive of the Minto Group Inc.

 

300-427 Laurier Avenue West,
Ottawa, Ontario, Canada

Canadian Citizen

 

 

 

 

 

Robert D. Parks, Director

 

Chairman, Inland Real Estate Investment Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Roberta S. Matlin, Vice President

 

Senior Vice President, Inland Real Estate Investment Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Scott W. Wilton, Secretary

 

Secretary of Inland American; Assistant Vice President of The Inland Real Estate Group, Inc.; Secretary of Inland Real Estate Exchange Corporation; Secretary of Inland American Business Manager & Advisor, Inc.; principally employed as Assistant Counsel with The Inland Real Estate Group, Inc. law department, which provides legal services, including drafting and negotiating real estate purchase and sales contracts, leases and other real estate or corporate agreements and documents, performing due diligence, and rendering legal opinions.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

I-1

 


EX-7.1 2 a08-19603_2ex7d1.htm EX-7.1

Exhibit 7.1

 

AMENDED SCHEDULE A

TO INVESTMENT ADVISORY AGREEMENT

DATED JULY 1, 2008

BETWEEN

INLAND INVESTMENT ADVISORS, INC (“Adviser”)

 INLAND AMERICAN REAL ESTATE TRUST, INC. (“Client”)

 

1.                                       This Schedule A may be amended from time to time by Adviser upon 30 days’ written notice to Client.

 

2.             Fee Schedule as of JULY 1, 2008:

 

Client shall pay or cause to be paid to Adviser as remuneration for its services under this Agreement a percent per annum based on the schedule below as an investment management fee on all assets under management.

 

A.            as an investment management fee on all equity assets under management:

 

·                  from $1,000,000 - $5,000,000 fee is 1 percent (1.0%) of assets

 

·                  from $5,000,001 - $10,000,000 fee is 85 basis points (.85%) of assets

 

·                  from $10,000,001 - $25,000,000 fee is 75 basis points (.75%) of assets

 

·                  from $25,000,001 - $50,000,000 fee is 65 basis points (.65%) of assets

 

·                  from $50,000,001 - $100,000,000 fee is 60 basis points (.60%) of assets

 

·                  over $100,000,000 fee is 50 basis points (.50%) of assets

 

3.             Notwithstanding Section 2 above, in no event may the sum of (i) the total annual fees paid by Client to Adviser under this Agreement and (ii) the annual business management fee paid by Client to Inland American Business Manager & Advisor Inc. (“the Business Manager”), pursuant that certain First Amended and Restated Business Management Agreement, dated July 30, 2007, by and between Client and the Business Manager (“the Business Manager Agreement”) exceed 1% of the Client’s “average invested assets” as that term is defined in the Business Management Agreement; provided further that any fees due hereunder shall also be subject to the limitations set forth in Section 7.5 of the Client’s Fifth Articles of Amendment and Restatement, as amended from time to time applicable to payment by the Client of certain fees to the Business Manager.

 

4.             In addition, Client will be responsible for any third party fees and charges as described in Section 11 of the Agreement.   The fee will be computed and due monthly based on the average daily net asset value.   The fee will be deducted from cash available in the account, and if there is no cash available, asset(s) will be sold in an amount equal to the payment due.

 


 

 

EX-7.2 3 a08-19603_2ex7d2.htm EX-7.2

 

Exhibit 7.2

 

AMENDED SCHEDULE A

TO INVESTMENT ADVISORY AGREEMENT

DATED JULY 1, 2008

BETWEEN

INLAND INVESTMENT ADVISORS, INC (“Adviser”)

 INLAND WESTERN RETAIL REAL ESTATE TRUST, INC. (“Client”)

 

1.                                       This Schedule A may be amended from time to time by Adviser upon 30 days’ written notice to Client.

 

2.             Fee Schedule as of JULY 1, 2008:

 

Client shall pay or cause to be paid to Adviser as remuneration for its services under this Agreement a percent per annum based on the schedule below as an investment management fee on all assets under management.

 

A.            as an investment management fee on all equity assets under management:

 

·                  from $1,000,000 - $5,000,000 fee is 1 percent (1.0%) of assets

 

·                  from $5,000,001 - $10,000,000 fee is 85 basis points (.85%) of assets

 

·                  from $10,000,001 - $25,000,000 fee is 75 basis points (.75%) of assets

 

·                  from $25,000,001 - $50,000,000 fee is 65 basis points (.65%) of assets

 

·                  from $50,000,001 - $100,000,000 fee is 60 basis points (.60%) of assets

 

·                  over $100,000,000 fee is 50 basis points (.50%) of assets

 

3.             In addition, Client will be responsible for any third party fees and charges as described in Section 11 of the Agreement.   The fee will be computed and due monthly based on the average daily net asset value.   The fee will be deducted from cash available in the account, and if there is no cash available, asset(s) will be sold in an amount equal to the payment due.

 

 


 

EX-7.6 4 a08-19603_2ex7d6.htm EX-7.6

EXHIBIT 7.6

 

JOINT FILING AGREEMENT

 

Pursuant to Rule 13d-1(k) promulgated under the Securities Act of 1934, as amended, each of Inland American Real Estate Trust, Inc., Inland Western Retail Real Estate Trust, Inc., Inland Investment Advisors, Inc., Inland Real Estate Investment Corporation, The Inland Group, Inc., Eagle Financial Corp., The Inland Real Estate Transactions Group, Inc., Inland Mortgage Investment Corp., Minto Builders (Florida), Inc., Daniel L. Goodwin and Robert H. Baum hereby agree that the Schedule 13D to which this Exhibit 7.6 is attached and any amendments thereto relating to the acquisition or disposition of shares of common stock of CapLease, Inc. is filed jointly on behalf of each of them.

 

This agreement may be executed in counterparts, each of which when so executed shall be deemed to be an original, and all of which together shall be deemed to constitute one and the same instrument.

 

IN WITNESS WHEREOF, the undersigned have executed this Joint Filing Agreement.

 

Dated:  July 23, 2008

INLAND AMERICAN REAL ESTATE TRUST, INC.

 

 

 

 

 

 

 

 

/s/ Roberta S. Matlin

 

Name:

Roberta S. Matlin

 

Title:

Vice President – Administration

 

 

 

Dated:  July 23, 2008

INLAND WESTERN RETAIL REAL ESTATE TRUST,INC.

 

 

 

 

 

 

 

 

/s/ Steven P. Grimes

 

Name:

Steven P. Grimes

 

Title:

Chief Operating Officer and Chief Financial Officer

 

 

 

Dated:  July 23, 2008

INLAND INVESTMENT ADVISORS, INC.

 

 

 

 

 

 

 

 

/s/ Roberta S. Matlin

 

Name:

Roberta S. Matlin

 

Title:

President

 

 

 

Dated:  July 23, 2008

INLAND REAL ESTATE INVESTMENT CORPORATION

 

 

 

 

 

 

 

 

/s/ Roberta S. Matlin

 

Name:

Roberta S. Matlin

 

Title:

Senior Vice President

 

 

 

Dated:  July 23, 2008

THE INLAND GROUP, INC.

 

 

 

 

 

 

 

 

/s/ Daniel L. Goodwin

 

Name:

Daniel L. Goodwin

 

Title:

President

 



 

Dated:  July 23, 2008

EAGLE FINANCIAL CORP.

 

 

 

 

 

 

 

 

/s/ Daniel L. Goodwin

 

Name:

Daniel L. Goodwin

 

Title:

President

 

 

 

Dated:  July 23, 2008

THE INLAND REAL ESTATE TRANSACTIONS GROUP,
INC.

 

 

 

 

 

 

 

 

/s/ Daniel L. Goodwin

 

Name:

Daniel L. Goodwin

 

Title:

President

 

 

 

Dated:  July 23, 2008

INLAND MORTGAGE INVESTMENT CORP.

 

 

 

 

 

 

 

 

/s/ Daniel L. Goodwin

 

Name:

Daniel L. Goodwin

 

Title:

President

 

 

 

Dated:   July 23, 2008

MINTO BUILDERS (FLORIDA), INC.

 

 

 

 

 

 

 

 

/s/ Roberta S. Matlin

 

Name:

Roberta S. Matlin

 

Title:

Vice President

 

 

 

Dated:  July 23, 2008

DANIEL L. GOODWIN

 

 

 

 

 

 

 

 

/s/ Daniel L. Goodwin

 

 

 

Dated:  July 23, 2008

ROBERT H. BAUM

 

 

 

 

 

 

 

 

/s/ Robert H. Baum

 


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