-----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, DYZBm9/eFa4TZOLgvsFhBMQ13sgNH+UqdBt0tQMpV91KPdhdx/w16nslQx0/TISa THqWC+tCJ0/sqiEoOttYSQ== 0000950136-04-002910.txt : 20040908 0000950136-04-002910.hdr.sgml : 20040908 20040908105129 ACCESSION NUMBER: 0000950136-04-002910 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040908 DATE AS OF CHANGE: 20040908 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SIZELER PROPERTY INVESTORS INC CENTRAL INDEX KEY: 0000805419 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 721082589 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-38038 FILM NUMBER: 041019789 BUSINESS ADDRESS: STREET 1: 2542 WILLIAMS BLVD CITY: KENNER STATE: LA ZIP: 70062 BUSINESS PHONE: 5044716200 MAIL ADDRESS: STREET 1: 2542 WILLIAMS BLVD CITY: KENNER STATE: LA ZIP: 70062 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FIRST UNION REAL ESTATE EQUITY & MORTGAGE INVESTMENTS CENTRAL INDEX KEY: 0000037008 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 346513657 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 7 BULFINCH PLACE STREET 2: SUITE 500 PO BOX 9507 CITY: BOSTON STATE: MA ZIP: 02114 BUSINESS PHONE: 6175704614 MAIL ADDRESS: STREET 1: 7 BULFINCH PLACE STREET 2: SUITE 500 PO BOX 9507 CITY: BOSTON STATE: MA ZIP: 02114 FORMER COMPANY: FORMER CONFORMED NAME: FIRST UNION REALTY DATE OF NAME CHANGE: 19691012 SC 13D 1 file001.htm SCHEDULE 13D

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-----------------------

SCHEDULE 13D
under the Securities Exchange Act of 1934
(Amendment No. __)
-----------------------

SIZELER PROPERTY INVESTORS, INC.
(Name of Issuer)

Common Stock, Par Value $.0001 per share
(Title of Class of Securities)

830137-10-5
(CUSIP Number of Class
of Securities)
-----------------------

Carolyn Tiffany David J. Heymann
First Union Real Estate Equity and Mortgage Investments Post Heymann & Koffler LLP
7 Bulfinch Place Two Jericho Plaza, Wing A
Suite 500 Suite 111
Boston, Massachusetts 02114 Jericho, New York 11753
(617) 570-4614 (516) 681-3636

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

September 7, 2004
-----------------
(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: 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 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).
(euro)(euro)

(continued on next page(s)) Page 1 of 5

CUSIP NO. 048798102 13D Page 2 of 5

- --------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person

First Union Real Estate Equity and Mortgage Investments
I.R.S. I.D. No. 34-6513657

- --------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group *

(a) [ ]
(b) [ ]

- --------------------------------------------------------------------
3. SEC Use Only

- --------------------------------------------------------------------
4. Sources of Funds *

- --------------------------------------------------------------------
5. Check Box if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(e) of 2(f)

[ ]

- --------------------------------------------------------------------
6. Citizenship or Place of Organization

Ohio

- --------------------------------------------------------------------
Number 7. Sole Voting Power 670,000
of ______________________________________________
Shares 8. Shared Voting Power - 0 -
Beneficially ______________________________________________
Owned by Each 9. Sole Dispositive Power 670,000
Reporting ______________________________________________
Person With 10. Shared Dispositive Power - 0 -
- --------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person

670,000 Shares

- ------------------------------------------------------------------
12. Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares*

[ ]

- ------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)

5.07%

- ------------------------------------------------------------------
14. Type of Reporting Person*

- ------------------------------------------------------------------

*SEE INSTRUCTIONS BEFORE FILLING OUT!

Item 1. Security and Issuer.
-------------------

This statement on Schedule 13D relates to common shares of stock, par
value $.0001 per share ("Shares") of Sizeler Property Investors, Inc., a
Maryland corporation (the "Issuer"). The principal executive offices of the
Issuer are located at 2542 Williams Boulevard, Kenner, Louisiana 70062.

Item 2. Identity and Background.
-----------------------

(a) This statement is being filed by First Union Real Estate Equity and
Mortgage Investments, an Ohio business trust ("First Union").

(b) The principal business address of First Union is 7 Bulfinch Place,
Suite 500, P.O. Box 9507, Boston, Massachusetts 02114.

(c) The principal business of First Union is to acquire, hold and
ultimately dispose of real estate related assets including, without limitation,
real property and securities in entities that invest in real property.

(d) and (e) During the last five years, First Union has not been (i)
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors) or (ii) a party to a civil proceeding or a judicial or
administrative body of competent jurisdiction as a result of such proceeding was
or is subject to a judgment, decree or final order enjoining future violations
of, or prohibiting or mandating activities subject to, federal or state
securities laws or finding any violation with respect to such laws.

(f) Not applicable

Item 3. Source and Amount of Funds of Other Consideration.
-------------------------------------------------

First Union purchased the 670,000 Shares for an aggregate purchase
price of $5,597,004.24. The source of funds to acquire the 670,000 Shares was
provided from the working capital of First Union.

Item 4. Purpose of Transaction.
----------------------

First Union acquired the Shares reported herein with a view to
making a profit on its investment. In light of its investment objectives, First
Union intends to consider appropriate methods of maximizing the value of the
Shares and, to the extent consistent with its investment objectives, shareholder
value in general.

Page 3 of 5

Item 5. Interest of Securities of the Issuer.
------------------------------------

(a) First Union directly owns 670,000 Shares representing 5.07% of the
total outstanding Shares. The foregoing is based upon 13,219,685 Shares
outstanding which represents the number of shares reported outstanding in the
Issuer's most recently filed report on Form 10-Q.

(b) First Union has the sole power to vote and dispose of 670,000
Shares owned by First Union.

(c) Set forth below is a description of all transactions in Shares that
were effected during the past sixty days by First Union. All such transactions
were purchases effected by First Union on the open market.

Date Number of Shares Price Per Share
---- ---------------- ---------------
8/17/2004 70,000 $7.6370
8/19/2004 29,300 $7.8450
8/19/2004 600 $7.7000
8/23/2004 17,200 $8.0000
8/24/2004 32,200 $8.1951
8/25/2004 63,500 $8.2205
8/30/2004 13,700 $8.4247
8/31/2004 37,500 $8.4975
9/01/2004 20,400 $8.5500
9/01/2004 176,600 $8.5000
9/02/2004 47,300 $8.5500
9/07/2004 161,700 $8.5989

(d) Not applicable

(e) Not applicable

Item 6. Contracts, Arrangement, Understandings or Relationships With
------------------------------------------------------------
Respect to Securities of the Issuer.
-----------------------------------

There are no contracts, arrangements, understandings or
relationships among First Union and between First Union and any persons with
respect to any securities of the Issuer.

Item 7. Materials to be Filed as Exhibits.
---------------------------------

None
Page 4 of 5

Signatures
----------

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: September 8, 2004 FIRST UNION REAL ESTATE EQUITY AND
MORTGAGE INVESTMENTS

By: /s/ Peter Braverman
-------------------
Peter Braverman
President

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