-----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, GuQzYtBhmvxHmdAgp/mlwidmtTXn4Qnlu26UqKpCBTsQal+LFuaPbcPIEjQxrXun M2xD8dYgd/i1Zwkw1mz3fg== 0001056879-98-000016.txt : 19980508 0001056879-98-000016.hdr.sgml : 19980508 ACCESSION NUMBER: 0001056879-98-000016 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980507 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CHASTAIN CAPITAL CORP CENTRAL INDEX KEY: 0001051491 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 582354416 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-53973 FILM NUMBER: 98612526 BUSINESS ADDRESS: STREET 1: 3424 PEACHTREE ROAD STE 800 CITY: ATLANTA STATE: GA ZIP: 30326 BUSINESS PHONE: 4048688600 MAIL ADDRESS: STREET 1: 3424 PEACHTREE RD CITY: ATLANTA STATE: GA ZIP: 30326 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FRIEDMAN BILLINGS RAMSEY GROUP INC CENTRAL INDEX KEY: 0001048750 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] IRS NUMBER: 541837743 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 1001 19TH STREET N. CITY: ARLINGTON STATE: VA ZIP: 22209 BUSINESS PHONE: 7033129744 SC 13G 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) CHASTAIN CAPITAL CORPORATION (Name of Issuer) COMMON STOCK (Title of Class of Securities) 161697-10-7 (CUSIP Number) April 28, 1998 (Date of Event Which Requires Filing of This Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: __X__ Rule 13d-1(b) _____ Rule 13d-1(c) _____ Rule 13d-1(d) CUSIP NO. 161697-10-7 13G Page 2 of 9 Pages 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Friedman, Billings, Ramsey Group, Inc. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) __ (b) X 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Virginia NUMBER OF 5 SOLE VOTING POWER SHARES 700,000 BENEFICIALLY 6 SHARED VOTING POWER OWNED BY -0- EACH 7 SOLE DISPOSITIVE POWER REPORTING 700,000 PERSON WITH 8 SHARED DISPOSITIVE POWER -0- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 700,000 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* __ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.8% 12 TYPE OF REPORTING PERSON* HC *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 161697-10-7 13G Page 3 of 9 Pages 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Friedman, Billings, Ramsey Group, Inc. Voting Trust 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ___ (b) X 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Virginia NUMBER OF 5 SOLE VOTING POWER SHARES 700,000 BENEFICIALLY 6 SHARED VOTING POWER OWNED BY -0- EACH 7 SOLE DISPOSITIVE POWER REPORTING 700,000 PERSON WITH 8 SHARED DISPOSITIVE POWER -0- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 700,000 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.8% 12 TYPE OF REPORTING PERSON* OO *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 161697-10-7 13G Page 4 of 9 Pages 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Eric F. Billings 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ___ (b) X 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States NUMBER OF 5 SOLE VOTING POWER SHARES -0- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 700,000 EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- PERSON WITH 8 SHARED DISPOSITIVE POWER 700,000 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 700,000 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.8% 12 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 161697-10-7 13G Page 5 of 9 Pages 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Emanuel J. Friedman 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ___ (b) X 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States NUMBER OF 5 SOLE VOTING POWER SHARES -0- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 700,000 EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- PERSON WITH 8 SHARED DISPOSITIVE POWER 700,000 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 700,000 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.8% 12 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 161697-10-7 13G Page 6 of 9 Pages 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS W. Russell Ramsey 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ___ (b) X 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States NUMBER OF 5 SOLE VOTING POWER SHARES -0- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 700,000 EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- PERSON WITH 8 SHARED DISPOSITIVE POWER 700,000 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 700,000 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.8% 12 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTIONS BEFORE FILLING OUT! Item 1(a). Name of Issuer. CHASTAIN CAPITAL CORPORATION Item 1(b). Address of Issuer's Principal Executive Offices. 3424 Peachtree Road, N.E., Suite 800, Atlanta, Georgia 30326 Item 2(a). Name of Persons Filing. Friedman, Billings, Ramsey Group, Inc. Item 2(b). Address of Principal Business Office or, if None, Residence. 1001 19th Street North, Arlington, Virginia 22209-1710 Item 2(c). Citizenship. Virginia Item 2(d). Title of Class of Securities. Common Stock Item 2(e). CUSIP Number. 585165103 Item 3 If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b), check whether the person filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Exchange Act. (b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act. (c) [ ] Insurance company as defined in Section 3(a)(19) of the Exchange Act. (d) [ ] Investment company registered under Section 8 of the Investment Company Act. (e) [ ] Investment advisor in accordance with Rule 13d-1(b)(1)(ii)(E). (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F). (g) [X ] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G). (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act. (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act. (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). If this statement is filed pursuant to Rule 13d-1(c), check this box. ___ Item 4. Ownership. (a) Amount Beneficially Owned: 700,000 (b) Percent of Class: 7.8% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote - 700,000 (ii) shared power to vote or to direct the vote - 0 (iii) sole power to dispose of or to direct the disposition of - 700,000 (iv) shared power to dispose of or to direct the disposition of - 0 Item 5. Ownership of Five Percent or Less of a Class. Not Applicable Item 6. Ownership of More than Five Percent on Behalf of Another Person. FBR Asset Investment Corporation, a Virginia corporation, managed by Friedman, Billings, Ramsey Investment Management, Inc. Item 7. Identification and Classification of the Subsidiaries Which Acquired the Security Being Reported on by the Parent Holding Company. Friedman, Billings, Ramsey Investment Management, Inc. 3(e) Friedman, Billings, Ramsey & Co., Inc. 3(a) Item 8. Identification and Classification of Members of the Group. Not Applicable Item 9. Notice of Dissolution of Group. Not Applicable Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: May 7, 1998 FRIEDMAN, BILLINGS, RAMSEY GROUP, INC. By: /s/ Emanuel J. Friedman Emanuel J. Friedman Chairman and Chief Executive Officer Dated: May 7, 1998 FRIEDMAN, BILLINGS, RAMSEY GROUP, INC. VOTING TRUST By: /s/ Eric F. Billings Eric F. Billings Trustee By: /s/ Emanuel J. Friedman Emanuel J. Friedman Trustee By: /s/ W. Russell Ramsey W. Russell Ramsey Trustee Dated: May 7, 1998 By: /s/ Eric F. Billings Eric F. Billings Dated: May 7, 1998 By: /s/ Emanuel J. Friedman Emanuel J. Friedman Dated: May 7, 1998 By: /s/ W. Russell Ramsey W. Russell Ramsey EXHIBIT 1 JOINT FILING AGREEMENT AMONG FRIEDMAN, BILLINGS, RAMSEY GROUP, INC.; FRIEDMAN, BILLINGS, RAMSEY GROUP, INC. VOTING TRUST; ERIC F. BILLINGS; EMANUEL J. FRIEDMAN AND W. RUSSELL RAMSEY WHEREAS, in accordance with Rule 13d-1(k)(1) under the Securities and Exchange Act of 1934 (the "Act"), only one joint statement and any amendments thereto need to be filed whenever one or more persons are required to file such a statement or any amendments thereto pursuant to Section 13(d) of the Act with respect to the same securities, provided that said persons agree in writing that such statement or amendments thereto are filed on behalf to each of them: NOW, THEREFORE, the parties hereto agree as follows: FRIEDMAN, BILLINGS, RAMSEY GROUP, INC.; FRIEDMAN, BILLINGS, RAMSEY GROUP, INC. VOTING TRUST; ERIC F. BILLINGS; EMANUEL J. FRIEDMAN AND W. RUSSELL RAMSEY hereby agree, in accordance with 13d-1(k)(1) under the Act, to file a statement on Schedule 13G relating to their ownership of Common Stock of the Issuer and do hereby further agree that said statement shall be filed on behalf of each of them. Dated: May 7, 1998 FRIEDMAN, BILLINGS, RAMSEY GROUP, INC. By: /s/ Emanuel J. Friedman Emanuel J. Friedman Chairman and Chief Executive Officer Dated: May 7, 1998 FRIEDMAN, BILLINGS, RAMSEY GROUP, INC. VOTING TRUST By: /s/ Eric F. Billings Eric F. Billings Trustee By: /s/ Emanuel J. Friedman Emanuel J. Friedman Trustee By: /s/ W. Russell Ramsey W. Russell Ramsey Trustee Dated: May 7, 1998 By: /s/ Eric F. Billings Eric F. Billings Dated: May 7, 1998 By: /s/ Emanuel J. Friedman Emanuel J. Friedman Dated: May 7, 1998 By: /s/ W. Russell Ramsey W. Russell Ramsey -----END PRIVACY-ENHANCED MESSAGE-----