-----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, GS5aJPKhkg1OvdDIQeYLplEQASnVKi/lR0sdZ8LrMz6dR9V3zsaYOgDzqQNJgsvM 6RdgcZGnI/03uGuUjYeQ7g== 0000903112-98-000650.txt : 19980317 0000903112-98-000650.hdr.sgml : 19980317 ACCESSION NUMBER: 0000903112-98-000650 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980227 ITEM INFORMATION: FILED AS OF DATE: 19980313 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: CAPITAL TRUST CENTRAL INDEX KEY: 0000016387 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 946181186 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-08063 FILM NUMBER: 98564942 BUSINESS ADDRESS: STREET 1: 605 THIRD AVENUE 26TH FLOOR STREET 2: STE 200 CITY: NEW YORK STATE: NY ZIP: 10016 BUSINESS PHONE: 2126550220 MAIL ADDRESS: STREET 1: 605 THIRD AVENUE 26TH FLOOR STREET 2: #200 CITY: NEW YORK STATE: NY ZIP: 10016 FORMER COMPANY: FORMER CONFORMED NAME: CALIFORNIA REAL ESTATE INVESTMENT TRUST DATE OF NAME CHANGE: 19920703 8-K 1 FORM 8-K As filed with the Securities and Exchange Commission on March 13, 1998 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported) February 27, 1998 CAPITAL TRUST (Exact name of registrant as specified in its charter) California 1-8063 94-6181186 - -------------------------------------------------------------------------------------------------------------- (State or other (Commission (I.R.S. Employer jurisdiction of File Number) Identification No.) incorporation) 605 Third Avenue, 26th Floor New York, New York 10016 - --------------------------------------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) (212) 655-0220 - -------------------------------------------------------------------------------------------------------------- (Registrant's telephone number, including area code) - -------------------------------------------------------------------------------------------------------------- (Former name or former address, if changed since last report)
ITEM 2. Acquisition or Disposition of Assets On February 27, 1998, the Registrant originated and funded a $50 million three-year mezzanine loan (the "Mezzanine Loan") to the entities (collectively, the "Borrower") which own the Dallas Galleria, a mixed-use complex in Dallas, Texas comprised of three office towers aggregating approximately 1.4 million square feet, an approximately 1.36 million square foot four-story regional mall, a 431-room Westin hotel and 3.75 acres of developable land (collectively, the "Property"). The Mezzanine Loan is secured by a pledge of the ownership interests in the entities that own the Property. The Mezzanine Loan bears interest at a fixed rate over LIBOR. In the event cash flow is not available to service the Mezzanine Loan, a portion of the interest may be accrued and added to principal. The Borrower may extend the Mezzanine Loan for up to two one-year periods at a specified rate above LIBOR upon achieving certain specified parameters (including payment of an extension fee). The Mezzanine Loan was funded with existing cash. The Mezzanine Loan is fully prepayable at any time after the first three months. Any prepayment of the Mezzanine Loan prior to September 27, 1998 is subject to spread maintenance. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CAPITAL TRUST (Registrant) Date: March 13, 1998 By: /s/ Edward L. Shugrue III ------------------------------- Name: Edward L. Shugrue III Title: Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----