-----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, IgfjJ9nM8dbIJLYzZbby0U1pVYqaM1Z3Rhl2DQvep4amXq1JiEnF0aA1SjufZx2r l+ZQaNzkiNYy+J5rrigovw== 0000914121-98-000229.txt : 19980325 0000914121-98-000229.hdr.sgml : 19980325 ACCESSION NUMBER: 0000914121-98-000229 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980324 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ESSEX PROPERTY TRUST INC CENTRAL INDEX KEY: 0000920522 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 770369576 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-45439 FILM NUMBER: 98572183 BUSINESS ADDRESS: STREET 1: 777 CALIFORNIA AVE CITY: PALO ALTO STATE: CA ZIP: 94304 BUSINESS PHONE: 4154943700 MAIL ADDRESS: STREET 1: 777 CALIFORNIA AVENUE CITY: PALO ALTO STATE: CA ZIP: 94304 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WESTBROOK REAL ESTATE FUND I LP CENTRAL INDEX KEY: 0001047043 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 599 LEXINGTON AVENUE SUITE 3800 CITY: NEW YORK STATE: NY ZIP: 10017 MAIL ADDRESS: STREET 1: 599 LEXINGTON AVENUE SUITE 3800 CITY: NEW YORK STATE: NY ZIP: 10017 SC 13D 1 SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2) ESSEX PROPERTY TRUST, INC. (Name of Issuer) Shares of Common Stock, par value $.0001 per Share (Title of Class of Securities) 29717810 (CUSIP Number) Patrick K. Fox Westbrook Real Estate Partners, L.L.C. 13155 Noel Road-LB54 Suite 2300 Dallas, Texas 75240 (972) 934-0100 with a copy to: Allen Curtis Greer II Cadwalader, Wickersham & Taft 100 Maiden Lane New York, New York 10038 (212) 504-6660 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 20, 1998 (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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box |_|. Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) 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. 29717810. SCHEDULE 13D - ------------------------------- --------------------- CUSIP No. 29717810 Page 2 of 21 Pages - ------------------------------- --------------------- - ------ ------------------------------------------------------------------------- 11 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON WESTBROOK REAL ESTATE PARTNERS, L.L.C. --I.R.S. IDENTIFICATION NO. ____ - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)(a)(b) - ------ - ------ ------------------------------------------------------------------------- 3 SEC USE ONLY - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------ ------------------------------------------------------------------------- - --------------------- -------- ------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF -------- ------------------------------------------------- -------- ------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 1,828,571 -------- ------------------------------------------------- -------- ------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 0 -------- ------------------------------------------------- -------- ------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 1,828,571 - --------------------- -------- ------------------------------------------------- - -------- ----------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,828,571 - -------- ----------------------------------------------------------------------- - -------- ----------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) - -------- ----------------------------------------------------------------------- - -------- ----------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.8% - -------- ----------------------------------------------------------------------- - -------- ----------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) OO - -------- ----------------------------------------------------------------------- SCHEDULE 13D - --------------------------- --------------------------------- CUSIP No. 29717810 Page 10 of 21 Pages - --------------------------- --------------------------------- - ------ ------------------------------------------------------------------------- 11 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON WESTBROOK REAL ESTATE PARTNERS MANAGEMENT I, L.L.C. -- I.R.S. IDENTIFICATION NO. ____ - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)(a)(b) - ------ - ------ ------------------------------------------------------------------------- 3 SEC USE ONLY - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------ ------------------------------------------------------------------------- - --------------------- -------- ------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF -------- ------------------------------------------------- -------- ------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 1,828,571 -------- ------------------------------------------------- -------- ------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 0 -------- ------------------------------------------------- -------- ------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 1,828,571 - --------------------- -------- ------------------------------------------------- - -------- ----------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,828,571 - -------- ----------------------------------------------------------------------- - -------- ----------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) - -------- ----------------------------------------------------------------------- - -------- ----------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.8% - -------- ----------------------------------------------------------------------- - -------- ----------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) OO - -------- ----------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON WESTBROOK REAL ESTATE FUND I, LP. --I.R.S. IDENTIFICATION NO. ____ - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)(a)(b) - ------ - ------ ------------------------------------------------------------------------- 3 SEC USE ONLY - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------ ------------------------------------------------------------------------- - --------------------- -------- ------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF -------- ------------------------------------------------- -------- ------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 1,828,571 -------- ------------------------------------------------- -------- ------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 0 -------- ------------------------------------------------- -------- ------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 1,828,571 - --------------------- -------- ------------------------------------------------- - -------- ----------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,828,571 - -------- ----------------------------------------------------------------------- - -------- ----------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) - -------- ----------------------------------------------------------------------- - -------- ----------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.8% - -------- ----------------------------------------------------------------------- - -------- ----------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) PN - -------- ----------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON WESTBROOK REAL ESTATE CO-INVESTMENT PARTNERSHIP I, LP. -- I.R.S. IDENTIFICATION NO. ____ - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)(a)(b) - ------ - ------ ------------------------------------------------------------------------- 3 SEC USE ONLY - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------ ------------------------------------------------------------------------- - --------------------- -------- ------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF -------- ------------------------------------------------- -------- ------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 1,828,571 -------- ------------------------------------------------- -------- ------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 0 -------- ------------------------------------------------- -------- ------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 1,828,571 - --------------------- -------- ------------------------------------------------- - -------- ----------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,828,571 - -------- ----------------------------------------------------------------------- - -------- ----------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) - -------- ----------------------------------------------------------------------- - -------- ----------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.8% - -------- ----------------------------------------------------------------------- - -------- ----------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) PN - -------- ----------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Gregory H. Hartman--I.R.S. IDENTIFICATION NO. ____ - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)(a)(b) - ------ - ------ ------------------------------------------------------------------------- 3 SEC USE ONLY - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------ ------------------------------------------------------------------------- - --------------------- -------- ------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF -------- ------------------------------------------------- -------- ------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 1,828,571 -------- ------------------------------------------------- -------- ------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 0 -------- ------------------------------------------------- -------- ------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 1,828,571 - --------------------- -------- ------------------------------------------------- - -------- ----------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,828,571 - -------- ----------------------------------------------------------------------- - -------- ----------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) - -------- ----------------------------------------------------------------------- - -------- ----------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.8% - -------- ----------------------------------------------------------------------- - -------- ----------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) IN - -------- ----------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Jeffrey M. Kaplan--I.R.S. IDENTIFICATION NO. ____ - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)(a)(b) - ------ - ------ ------------------------------------------------------------------------- 3 SEC USE ONLY - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------ ------------------------------------------------------------------------- - --------------------- -------- ------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF -------- ------------------------------------------------- -------- ------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 1,828,571 -------- ------------------------------------------------- -------- ------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 0 -------- ------------------------------------------------- -------- ------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 1,828,571 - --------------------- -------- ------------------------------------------------- - -------- ----------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,828,571 - -------- ----------------------------------------------------------------------- - -------- ----------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) - -------- ----------------------------------------------------------------------- - -------- ----------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.8% - -------- ----------------------------------------------------------------------- - -------- ----------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) IN - -------- ----------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Paul D. Kazilionis --I.R.S. IDENTIFICATION NO. ____ - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)(a)(b) - ------ - ------ ------------------------------------------------------------------------- 3 SEC USE ONLY - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------ ------------------------------------------------------------------------- - --------------------- -------- ------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF -------- ------------------------------------------------- -------- ------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 1,828,571 -------- ------------------------------------------------- -------- ------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 0 -------- ------------------------------------------------- -------- ------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 1,828,571 - --------------------- -------- ------------------------------------------------- - -------- ----------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,828,571 - -------- ----------------------------------------------------------------------- - -------- ----------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) - -------- ----------------------------------------------------------------------- - -------- ----------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.8% - -------- ----------------------------------------------------------------------- - -------- ----------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) IN - -------- ----------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Jonathan H. Paul--I.R.S. IDENTIFICATION NO. ____ - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)(a)(b) - ------ - ------ ------------------------------------------------------------------------- 3 SEC USE ONLY - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------ ------------------------------------------------------------------------- - --------------------- -------- ------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF -------- ------------------------------------------------- -------- ------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 1,828,571 -------- ------------------------------------------------- -------- ------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 0 -------- ------------------------------------------------- -------- ------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 1,828,571 - --------------------- -------- ------------------------------------------------- - -------- ----------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,828,571 - -------- ----------------------------------------------------------------------- - -------- ----------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) - -------- ----------------------------------------------------------------------- - -------- ----------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.8% - -------- ----------------------------------------------------------------------- - -------- ----------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) IN - -------- ----------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON William H. Walton III --I.R.S. IDENTIFICATION NO. ____ - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)(a)(b) - ------ - ------ ------------------------------------------------------------------------- 3 SEC USE ONLY - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------ ------------------------------------------------------------------------- - --------------------- -------- ------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF -------- ------------------------------------------------- -------- ------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 1,828,571 -------- ------------------------------------------------- -------- ------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 0 -------- ------------------------------------------------- -------- ------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 1,828,571 - --------------------- -------- ------------------------------------------------- - -------- ----------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,828,571 - -------- ----------------------------------------------------------------------- - -------- ----------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) - -------- ----------------------------------------------------------------------- - -------- ----------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.8% - -------- ----------------------------------------------------------------------- - -------- ----------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) IN - -------- ----------------------------------------------------------------------- - -------------------------------------------------------------------------------- Page 11 of 21 Pages - -------------------------------------------------------------------------------- This Amendment No. 2 to Schedule 13D (this "Schedule 13D") relates to the Schedule 13D (the "Original Schedule 13D") filed with the Commission on behalf of the Reporting Persons. The date of the event which required filing of the Original Schedule 13D was September 20, 1997. Items 1, 2, 3, 4, 6 and 7 and all Exhibits of the Original Schedule 13D are not amended by this Schedule 13D and are hereby incorporated herein by reference. The Power of Attorney attached to the Original Schedule 13D is hereby incorporated herein by reference. Capitalized terms used herein without definition are used as defined in the Original Schedule 13D. Item 5. Interest in Securities of the Issuer. (a) WREF I is the record owner of 1,435,306 shares of Series 1996A Stock. As of the date of this filing, the 1,435,306 shares of WREF I's Series 1996A Stock are presently convertible into 1,640,349 shares of Common Stock of the Issuer (the "WREF Conversion Shares"). The calculation of the number of WREF I Conversion Shares was determined in accordance with Section 5 of the Articles Supplementary. WRECIP I is the record owner of 164,694 shares of Series 1996A Stock. As of the date of this filing, the 164,694 shares of WRECIP I's Series 1996A Stock are presently convertible into 188,222 shares of Common Stock of the Issuer (the "WRECIP I Conversion Shares"). The calculation of the number of WRECIP I Conversion Shares was determined in accordance with Section 5 of the Articles Supplementary. Because of their relationship as affiliated entities, both WREF I and WRECIP I may be deemed to own beneficially both the WREF I Conversion Shares and the WRECIP I Conversion Shares. As the sole general partner of WREF I and WRECIP I, WREM I may be deemed to own beneficially the WREF I Conversion Shares and the WRECIP I Conversion Shares. As the sole managing member of WREM I, WREP may be deemed to own beneficially the WREF I Conversion Shares and the WRECIP I Conversion Shares. As the managing members of WREP, Hartman, Kaplan, Kazilionis, Paul and Walton may be deemed to own beneficially the WREF I Conversion Shares and the WRECIP I Conversion Shares. WREF I disclaims beneficial ownership of the WRECIP I Conversion Shares. WRECIP I disclaims beneficial ownership of the WREF I Conversion Shares. WREM I, WREP, Hartman, Kaplan, Kazilionis, Paul and Walton each disclaims beneficial ownership of the WREF I Conversion Shares and the WRECIP I Conversion Shares. Each of the Reporting Persons may be deemed to own beneficially 10.8% of the Issuer's Common Stock, which percentage is calculated based upon (i) 15,109,508 shares of Common Stock reported outstanding by the Issuer as of October 31, 1997, and (ii) that number of shares of Common Stock (1,828,571) issuable upon the conversion of the WREF I Series 1996 A Stock and the WRECIP I Series 1996A Stock. (b) Number of Shares as to which each such person has (i) Sole power to vote or direct the vote: 0 shares for each Reporting Person; (ii) Shared power to vote or direct the vote: 1,828,571 shares for each Reporting Person; (iii) Sole power to dispose or to direct the disposition: 0 shares for each Reporting Person; (iv) Shared power to dispose or to direct the disposition: 1,828,571 shares for each Reporting Person. (c) On March 20, 1998, an additional 400,000 shares of Series 1996A Stock became convertible into 464,805 shares of Common Stock, thereby making the Reporting Persons the beneficial owners of an aggregate of 1,828,571 shares of Common Stock of the Issuer. Except as set forth above, the Reporting Persons have not effected any transactions in Common Stock directly or indirectly during the 60 days prior to March 20, 1998 or during the 60 days prior to the date of this Schedule 13D. (d) No one other than the Reporting Persons has the right to receive, or the power to direct the receipt of, dividends from, or the proceeds from the sale of, the 1,600,000 shares of Series 1996A Stock or any other securities of the Issuer acquired by the Reporting Persons as described in Item 3. (e) Not applicable. 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. Date: March 24, 1998 WESTBROOK REAL ESTATE PARTNERS, L.L.C. By:/s/ Patrick K. Fox ----------------------------------- Name: Patrick K. Fox Title: Attorney-in-Fact 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. Date: March 24, 1998 WESTBROOK REAL ESTATE PARTNERS MANAGEMENT I, L.L.C. By:/s/ Patrick K. Fox ----------------------------------- Name: Patrick K. Fox Title: Attorney-in-Fact 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. Date: March 24, 1998 WESTBROOK REAL ESTATE FUND I, L.P. By:/s/ Patrick K. Fox ----------------------------------- Name: Patrick K. Fox Title: Attorney-in-Fact 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. Date: March 24, 1998 WESTBROOK REAL ESTATE CO-INVESTMENT PARTNERSHIP I, L.P. By:/s/ Patrick K. Fox ----------------------------------- Name: Patrick K. Fox Title: Attorney-in-Fact 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. Date: March 24, 1998 /s/ Gregory H. Hartman ------------------------------ Gregory H. Hartman 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. Date: March 24, 1998 /s/ Jeffrey M. Kaplan ------------------------------ Jeffrey M. Kaplan 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. Date: March 24, 1998 /s/ Paul D. Kazilionis ------------------------------ Paul D. Kazilionis 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. Date: March 24, 1998 /s/ Jonathan H. Paul ------------------------------ Jonathan H. Paul 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. Date: March 24, 1998 /s/ William H. Walton III ------------------------------ William H. Walton III -----END PRIVACY-ENHANCED MESSAGE-----