-----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, RZwW3LrAqPV4LPRZqPSJbelqJ845pVuwcYH/7oPu80gZc9kEDr0iGiHRFQJlMHyk wf4WXd7G9woAmN+QDIdGdQ== 0001047469-98-033391.txt : 19980902 0001047469-98-033391.hdr.sgml : 19980902 ACCESSION NUMBER: 0001047469-98-033391 CONFORMED SUBMISSION TYPE: SC 14D1/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980901 SROS: AMEX SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ILM II SENIOR LIVING INC /VA CENTRAL INDEX KEY: 0000861880 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 061293758 STATE OF INCORPORATION: VA FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: SC 14D1/A SEC ACT: SEC FILE NUMBER: 005-54131 FILM NUMBER: 98702436 BUSINESS ADDRESS: STREET 1: 28 STATE STREET SUITE 1100 CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 8882573550 MAIL ADDRESS: STREET 1: 1300 CONNECTICUT AVE NW STREET 2: STE 1000 CITY: WASHINGTON STATE: DC ZIP: 20036 FORMER COMPANY: FORMER CONFORMED NAME: PAINE WEBBER INDEPENDENT LIVING MORTGAGE INC II DATE OF NAME CHANGE: 19971103 FORMER COMPANY: FORMER CONFORMED NAME: ILM II SENIOR LIVING INC DATE OF NAME CHANGE: 19970905 FORMER COMPANY: FORMER CONFORMED NAME: PAINEWEBBER INDEPENDENT LIVING MORTGAGE INC II DATE OF NAME CHANGE: 19930511 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ARLEN CAPITAL ADVISORS LLC CENTRAL INDEX KEY: 0001036045 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 330580997 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 14D1/A BUSINESS ADDRESS: STREET 1: 1650 HOTEL CIRCLE NORTH STREET 2: SUITE 200 CITY: SAN DIEGO STATE: CA ZIP: 92108 BUSINESS PHONE: 6196862002 MAIL ADDRESS: STREET 1: 1650 HOTEL CIRCLE NORTH STREET 2: SUITE 200 CITY: SAN DIEGO STATE: CA ZIP: 92108 SC 14D1/A 1 SCHEDULE 14D 1/A SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ---------------------------- SCHEDULE 14D-1/A TENDER OFFER STATEMENT PURSUANT TO SECTION 14(d)(1) OF THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 5) FINAL AMENDMENT ---------------------------- ILM II SENIOR LIVING, INC. A VIRGINIA CORPORATION (NAME OF SUBJECT COMPANY) REDWOOD INVESTORS, LLC A DELAWARE LIMITED LIABILITY COMPANY ARLEN CAPITAL, LLC (Bidder) SHARES OF COMMON STOCK $.01 PAR VALUE (TITLE OF CLASS OF SECURITIES) 449933 (CUSIP Number of Class of Securities) ---------------------------- Arlen Capital, LLC Don Augustine, Manager 1650 Hotel Circle North - Suite 200 San Diego, California 92108 (619) 686-2002 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of Bidder) 14D-1 - -------------------------- ------------------- CUSIP NO. 449933 Page 2 of 7 Pages - -------------------------- ------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 1. Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons Redwood Investors, LLC - IRS Identification #33-0744348 - ------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) / / (b) / / - ------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------- 4. Sources of Funds (See Instructions) WC - ------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(e) or 2(f) - ------------------------------------------------------------------------------- 6. Citizenship or Place of Organization State of Delaware - ------------------------------------------------------------------------------- 7. Aggregate Amount Beneficially Owned By Each Reporting Person Less than 1 percent of the issued and outstanding Shares - ------------------------------------------------------------------------------- 8. Check if the Aggregate in Row (7) Excludes Certain Shares (See Instructions) - ------------------------------------------------------------------------------- 9. Percent of Class Represented by Amount in Row (7) Less than 1 percent of the issued and outstanding Shares - ------------------------------------------------------------------------------- 10. Type of Reporting Persons (See Instructions) OO - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 14D-1 - -------------------------- ------------------- CUSIP NO. 449933 Page 3 of 7 Pages - -------------------------- ------------------- - ------------------------------------------------------------------------------- 1. Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons Arlen Capital, LLC - IRS Identification #33-0713478 - ------------------------------------------------------------------------------ 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a)/ / (b)/ / - ------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------- 4. Sources of Funds (See Instructions) AF - ------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(e) or 2(f) - ------------------------------------------------------------------------------- 6. Citizenship or Place of Organization State of California - ------------------------------------------------------------------------------- 7. Aggregate Amount Beneficially Owned By Each Reporting Person Less than 1 percent of the issued and outstanding Shares - ------------------------------------------------------------------------------- 8. Check if the Aggregate in Row (7) Excludes Certain Shares (See Instructions) - ------------------------------------------------------------------------------- 9. Percent of Class Represented by Amount in Row (7) Less than 1 percent of the issued and outstanding Shares - ------------------------------------------------------------------------------- 10. Type of Reporting Persons (See Instructions) OO - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- AMENDMENT NO. 5 TO SCHEDULE 14D-1 This Amendment No. 5 amends the Offer to Purchase on Schedule 14D-1 filed with the Securities and Exchange Commission on June 4, 1998 (the "Schedule 14D-1") by Redwood Investors, LLC, a Delaware limited partnership (the "Purchaser"), relating to the Offer by the Purchaser to purchase up to 700,000 shares of common stock $.01 par value ("Shares") of ILM II Senior Living, Inc., a Virginia Corporation, (the "Company"), at $7.00 per Share, upon the terms and conditions set forth in the Offer to Purchase dated June 4, 1998, as amended by Amendment No.1, dated July 15, 1998, Amendment No. 2 dated July 29, 1998, Amendment No. 3 dated July 29, 1998 and Amendment No. 4 dated August 12, 1998 and the related Agreement of Sale (which, together with any supplements or amendments, collectively constitute the "Offer"). Capitalized terms not otherwise defined herein shall have the meaning ascribed to them in the Schedule 14D-1 and the Offer to Purchase. Item 4. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. Item 4 (a) is hereby supplemented and amended as follows: "The total amount of funds required by the Purchaser to purchase the 23,032 Shares accepted for payment pursuant to the Offer, exclusive of fees and expenses, is $184,815. To date, the Purchaser has accepted for payment, a total of 23,032 Shares. The Purchaser obtained such funds (plus amounts to pay fees and expenses) from capital contributions from its partner and investors." Item 6. INTEREST IN SECURITIES OF THE SUBJECT COMPANY. Item 6 (a) - (b) is hereby supplemented and amended as follows: "The Offer expired at 12:00 Midnight, Pacific Standard Time, on Friday August 28, 1998. Based on the information provided by the depositary to the reporting persons, pursuant to the Offer, as of 12:00 Midnight, Pacific Standard Time on Friday August 28, 1998, the Purchaser accepted for payment 23,032 Shares, constituting less than 1 percent of the outstanding Shares. To date, the Purchaser has accepted for payment, a total of 23,032 Shares, constituting approximately 1 percent of the outstanding Shares." 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 1, 1998 REDWOOD INVESTORS, LLC By: Arlen Capital, LLC its Manager By: /s/ DON AUGUSTINE ------------------------- Don Augustine, Manager -----END PRIVACY-ENHANCED MESSAGE-----