-----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, DEXID8WZM7LCX21rd5ltEMDARf2WyCONB4zWl1lK8iTby0UpJ1wC6rPS1aaJ0iAv H6RPw3M5cvMYlB5ppikMQw== 0000903112-98-000980.txt : 19980615 0000903112-98-000980.hdr.sgml : 19980615 ACCESSION NUMBER: 0000903112-98-000980 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980602 ITEM INFORMATION: FILED AS OF DATE: 19980612 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: 98647259 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 June 12, 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) June 2, 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)
723058.4 ITEM 2. Acquisition or Disposition of Assets On June 2, 1998, the Registrant originated a $36 million first mortgage acquisition and improvements loan (the "Loan") to Coolidge-South Markets Equities, L.P. (the "Borrower"). The Loan is secured by a portfolio of community shopping center properties and other retail properties located in south Florida (the "Portfolio"), and a pledge of the equity interests in the Borrower. In addition, there is a limited debt service guarantee from principals of the Borrower. The Registrant funded $32.3 million of the loan obligation at closing and retains an unfunded loan obligation of $3.7 million to fund reserves for tenant improvements, leasing commissions and base building capital expenditures. Proceeds of the Loan, in conjunction with equity funds contributed by principals of the Borrower, were used primarily to acquire the Portfolio and to establish reserves required under the loan documents. The Portfolio includes thirteen (13) community shopping center and other retail properties containing approximately 400,000 square feet of rentable space. The Loan was funded with existing cash on hand. The Loan has a term of three years and bears interest at a specified rate over LIBOR. Prepayment is permitted at any time subject to a prepayment penalty during the first eighteen (18) months of the Loan and with no prepayment penalty during the final eighteen (18) months of the Loan. In addition, the Borrower is required to pay a specified fee to the Registrant upon partial or full satisfaction of the Loan. 723058.4 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: June 12, 1998 By: /s/ Edward L. Shugrue III ------------------------------- Name: Edward L. Shugrue III Title: Chief Financial Officer 723058.4 -----END PRIVACY-ENHANCED MESSAGE-----