0000950134-01-506686.txt : 20011009
0000950134-01-506686.hdr.sgml : 20011009
ACCESSION NUMBER: 0000950134-01-506686
CONFORMED SUBMISSION TYPE: SC 13D/A
PUBLIC DOCUMENT COUNT: 2
FILED AS OF DATE: 20010925
GROUP MEMBERS: AIMCO PROPERTIES LP
GROUP MEMBERS: AIMCO-GP INC
GROUP MEMBERS: APARTMENT INVESTMENT AND MANAGEMENT CO
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: AIMCO PROPERTIES LP
CENTRAL INDEX KEY: 0000926660
STANDARD INDUSTRIAL CLASSIFICATION: OPERATORS OF APARTMENT BUILDINGS [6513]
IRS NUMBER: 841275621
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D/A
BUSINESS ADDRESS:
STREET 1: 2000 SOUTH COLORADO BLVD.
STREET 2: SUITE 2-1000
CITY: DENVER
STATE: CO
ZIP: 80222-8101
BUSINESS PHONE: 3037578101
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: US REALTY PARTNERS LTD PARTNERSHIP
CENTRAL INDEX KEY: 0000788955
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE OPERATORS (NO DEVELOPERS) & LESSORS [6510]
IRS NUMBER: 570814502
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-55083
FILM NUMBER: 1744573
BUSINESS ADDRESS:
STREET 1: 55 BEATTIE PLACE
STREET 2: P O BOX 1089
CITY: GREENVILLE
STATE: SC
ZIP: 29602
BUSINESS PHONE: 3037578101
MAIL ADDRESS:
STREET 1: 1873 SOUTH BELLAIRE STREET
STREET 2: 17TH FLOOR
CITY: DENVER
STATE: CO
ZIP: 80222
SC 13D/A
1
d90844ccsc13da.txt
AMENDMENT NO. 8 TO SCHEDULE 13D
1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Amendment No. 8
under the Securities Exchange Act of 1934
U.S. REALTY PARTNERS LIMITED PARTNERSHIP
--------------------------------------------------------------------------------
(Name of Issuer)
LIMITED PARTNERSHIP UNITS
--------------------------------------------------------------------------------
(Title of Class of Securities)
NONE
-------------------------------
(CUSIP Number)
MR. PATRICK J. FOYE
EXECUTIVE VICE PRESIDENT
APARTMENT INVESTMENT AND MANAGEMENT COMPANY
COLORADO CENTER, TOWER TWO
2000 SOUTH COLORADO BOULEVARD, SUITE 2-1000
DENVER, COLORADO 80222
TELEPHONE: (303) 757-8081
with a copy to:
GREGORY M. CHAIT
KATHERINE M. KOOPS
POWELL, GOLDSTEIN, FRAZER & MURPHY LLP
191 PEACHTREE STREET, N.E., SIXTEENTH FLOOR
ATLANTA, GEORGIA 30303-1740
TELEPHONE: (404) 572-6600
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
SEPTEMBER 24, 2001
-------------------------------------------------------
(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(e), (f) or (g), 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).
2
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
AIMCO PROPERTIES, L.P.
84-1275721
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ]
(b)[X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC, BK
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH REPORTING
PERSON WITH ----------------------------------------------------
8 SHARED VOTING POWER
748,485 UNITS
----------------------------------------------------
9 SOLE DISPOSITIVE POWER
----------------------------------------------------
10 SHARED DISPOSITIVE POWER
748,485 UNITS
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
748,485 UNITS
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
APPROXIMATELY 60.43%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
3
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
AIMCO-GP, INC.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ]
(b)[X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
NOT APPLICABLE
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH REPORTING
PERSON WITH ----------------------------------------------------
8 SHARED VOTING POWER
738,485 UNITS
----------------------------------------------------
9 SOLE DISPOSITIVE POWER
----------------------------------------------------
10 SHARED DISPOSITIVE POWER
738,485 UNITS
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
738,485 UNITS
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
APPROXIMATELY 60.43%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
4
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
APARTMENT INVESTMENT AND MANAGEMENT COMPANY
84-129577
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ]
(b)[X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
NOT APPLICABLE
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
MARYLAND
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH REPORTING
PERSON WITH ----------------------------------------------------
8 SHARED VOTING POWER
738,485 UNITS
----------------------------------------------------
9 SOLE DISPOSITIVE POWER
----------------------------------------------------
10 SHARED DISPOSITIVE POWER
738,485 UNITS
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
738,485 UNITS
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
APPROXIMATELY 60.43%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
5
Item 1. Security and Issuer
The name of the issuer is U.S. Realty Partners Limited Partnership, a
South Carolina limited partnership (the "Partnership"), and the address of its
principal executive offices is Colorado Center, Tower Two, 2000 South Colorado
Boulevard, Suite 2-1000, Denver, CO 80222. The Partnership's general partner is
U.S. Realty I Corporation, a Delaware corporation (the "General Partner"). The
title of the class of equity securities to which this statement relates is the
Partnership's Units of Limited Partnership Interest ("Units").
This Amendment No. 8 (this "Amendment") amends Items 1, 2, 4, 5 and 7
of the Statement on Schedule 13D filed jointly by Insignia Properties Trust
("IPT") and Apartment Management and Investment Company ("AIMCO") on February
19, 1999, as amended by Amendments 1 through 7.
Item 2. Identity and Background
(a) - (c), (f): This Amendment is being filed on behalf of each of the
following persons (collectively "Reporting Persons"):
(1) AIMCO Properties, L.P., a Delaware limited partnership ("AIMCO
Properties"), with principal office at 2000 South Colorado
Blvd, Suite 2-1000, Denver, CO 80222. Its principal business
concerns owning and operating multifamily residential
properties.
(2) AIMCO-GP, Inc., a Delaware corporation ("AIMCO-GP"), with
principal office at 2000 South Colorado Blvd, Suite 2-1000,
Denver, CO 80222. Its principal business is to act as the sole
general partner of AIMCO Properties and AIMCO.
(3) Apartment Investment and Management Company, a Maryland
corporation ("AIMCO"), with principal office at 2000 South
Colorado Blvd. Suite 2-1000, Denver, CO 80222. Its principal
business involves owning and managing multifamily residential
properties.
(d) - (e): During the past five years, no Reporting Person nor, to the
best knowledge of the Reporting Persons, any other Officer,
Director, or General Partner thereof has been convicted in a
criminal proceeding (excluding traffic violations or similar
misdemeanors) nor has been a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction which
resulted in him or it being 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.
Item 4. Purpose of Transaction
AIMCO Properties is currently making a tender offer for any and all
units of the Partnership at a price of $1.00 in cash per unit. The tender offer
is currently scheduled to expire on October 2, 2001. The specific terms of the
tender offer are set forth in the offer to purchase, filed as exhibit 1 to the
Schedule TO filed on September 4, 2001, by AIMCO Properties, and Supplement
thereto, filed as exhibit 7 to the Schedule TO/A filed September 24, 2001 and
incorporated herein by this reference. AIMCO Properties believes that its offer
provides an opportunity to increase its ownership interest in the Partnership's
6
property while providing the Partnership's investors with an opportunity to
liquidate their current investment.
AIMCO-GP and AIMCO do not have any present plans to acquire or sell
additional Units. AIMCO Properties, AIMCO-GP and AIMCO do not have any present
plans or proposals which relate to or would result in any material changes in
the Partnership's structure or business such as a merger, reorganization or
liquidation. These entities have no present intention to cause the Partnership
to sell any of its properties or to prepay current mortgages within any
specified time period. A merger or other consolidation transaction may require a
vote of the limited partners of the Partnership in accordance with the
partnership's Limited Partnership Agreement or applicable state laws.
Item 5. Interest in Securities of the Issuer
As of the date of this schedule, the Reporting Persons directly own the
following numbers and percentages of Units:
Number of Shared Percentage of
Entity or Person and Voting Units Class Represented
---------------- ---------------- -----------------
AIMCO Properties 738,485 60.43%
AIMCO owns a controlling interest in AIMCO Properties through its
wholly-owned subsidiaries, AIMCO-LP, Inc., a Delaware corporation, and AIMCO-GP.
AIMCO-LP is a limited partner of AIMCO Properties and AIMCO-GP is the sole
general partner of AIMCO Properties.
Item 7. Material to be Filed as Exhibits.
Exhibit 7.1 Agreement of joint filing, dated September 25, 2001.
7
SIGNATURE
After due 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 25, 2001
AIMCO PROPERTIES, L.P.
By: AIMCO-GP, INC.
(General Partner)
By: /s/ PATRICK J. FOYE
----------------------------------
Executive Vice President
AIMCO-GP, INC.
By: /s/ PATRICK J. FOYE
----------------------------------
Executive Vice President
APARTMENT INVESTMENT AND
MANAGEMENT COMPANY
By: /s/ PATRICK J. FOYE
----------------------------------
Executive Vice President
8
INDEX TO EXHIBITS
EXHIBIT
NUMBER DESCRIPTION
------- -----------
7.1 Agreement of joint filing, dated September 25, 2001.
EX-7.1
3
d90844ccex7-1.txt
AGREEMENT OF JOING FILING DATED SEPTEMBER 25, 2001
1
EXHIBIT 7.1
AGREEMENT OF JOINT FILING
The parties listed below agree that the Amendment 8 to Schedule 13D to
which this agreement is attached as an exhibit, and all further amendments
thereto, shall be filed on behalf of each of them. This Agreement is intended to
satisfy Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.
This Agreement may be executed in any number of counterparts, each of them shall
be deemed an original, but all of which together shall constitute one and the
same instrument.
Dated: September 25, 2001
AIMCO PROPERTIES, L.P.
By: AIMCO-GP, INC.
(General Partner)
By: /s/ PATRICK J. FOYE
----------------------------------
Executive Vice President
AIMCO-GP, INC.
By: /s/ PATRICK J. FOYE
----------------------------------
Executive Vice President
APARTMENT INVESTMENT AND
MANAGEMENT COMPANY
By: /s/ PATRICK J. FOYE
----------------------------------
Executive Vice President