-----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, AT6KzV6+HUaUGtT2q15kFEAuQUJcyy88KJxrebNca5K+FLC1+PYNvJgiHejznV8J JJQAnzXReP3nXfuYexkrwA== 0001065407-99-000257.txt : 19991209 0001065407-99-000257.hdr.sgml : 19991209 ACCESSION NUMBER: 0001065407-99-000257 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19991208 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WILSHIRE REAL ESTATE INVESTMENT TRUST INC CENTRAL INDEX KEY: 0001048566 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 911851535 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-54067 FILM NUMBER: 99770897 BUSINESS ADDRESS: STREET 1: 1301 S W 17TH STREET CITY: PORTLAND STATE: OR ZIP: 97201 BUSINESS PHONE: 5032235600 MAIL ADDRESS: STREET 1: 1301 S W 17TH STREET CITY: PORTLAND STATE: OR ZIP: 97201 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VALUE PARTNERS LTD /TX/ CENTRAL INDEX KEY: 0000926614 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 752291866 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: C/O FISHER EWING PARTNERS STREET 2: 2200 ROSE AVE SUITE 4660 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 2149991900 MAIL ADDRESS: STREET 1: C/O FISHER EWING PARTNERS STREET 2: 2200 ROSS AVE #4660 CITY: DALLAS STATE: TX ZIP: 75201 SC 13D/A 1 SC 13D AMENDMENT NO. 2 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2) Wilshire Real Estate Investment Trust Inc. _____________________________________________________________________________ (Name of Issuer) Common Stock, par value $0.0001 per share _____________________________________________________________________________ (Title of Class of Securities) 971892104 _____________________________________________________________________________ (CUSIP Number) Value Partners, Ltd. 4514 Cole Avenue Suite 808 Dallas, Texas 75205 Attn.: Timothy G. Ewing (214) 522-2100 ____________________________________________________________________________ (Name, Address, Telephone Number of Person Authorized to Receive Notices and Communications) December 1, 1999 ____________________________________________________________________________ (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 that is the subject of this Schedule 13D, and is filing this schedule because of Rule Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), 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(b) for other parties to whom copies are to be sent. 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 (the "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). CUSIP No. 971892104 13D ____________________________________________________________________________ 1 NAMES OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Value Partners, Ltd. 75-2291866 ____________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] ____________________________________________________________________________ 3 SEC USE ONLY ____________________________________________________________________________ 4 SOURCE OF FUNDS WC ____________________________________________________________________________ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT [ ] TO ITEM 2(d) OR 2(e) N/A ____________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Texas ____________________________________________________________________________ NUMBER OF SHARES BENEFICIALLY 7 SOLE VOTING POWER OWNED BY EACH REPORTING PERSON WITH 486,000 _________________________________________ 8 SHARED VOTING POWER 0* _________________________________________ 9 SOLE DISPOSITIVE POWER 486,000 _________________________________________ 10 SHARED DISPOSITIVE POWER 0* ____________________________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 486,000* ____________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] ____________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.23% ____________________________________________________________________________ 14 TYPE OF REPORTING PERSON PN ____________________________________________________________________________ *But see Item 5. CUSIP No. 971892104 13D ____________________________________________________________________________ 1 NAMES OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Ewing & Partners 75-2741747 ____________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] ____________________________________________________________________________ 3 SEC USE ONLY ____________________________________________________________________________ 4 SOURCE OF FUNDS N/A ____________________________________________________________________________ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [ ] PURSUANT TO ITEM 2(d) OR 2(e) N/A ____________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Texas ____________________________________________________________________________ NUMBER OF SHARES BENEFICIALLY 7 SOLE VOTING POWER OWNED BY EACH REPORTING PERSON WITH 0 ___________________________________________ 8 SHARED VOTING POWER 486,000* ____________________________________________ 9 SOLE DISPOSITIVE POWER 0 ____________________________________________ 10 SHARED DISPOSITIVE POWER 486,000* _____________________________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 486,000* _____________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMO ROW (11) EXCLUDES CERTAIN SHARES [ ] _____________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.23%* _____________________________________________________________________________ 14 TYPE OF REPORTING PERSON* PN ____________________________________________________________________________ *But See Item 5. CUSIP No. 971892104 13D _____________________________________________________________________________ 1 NAMES OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Timothy G. Ewing ###-##-#### _____________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] _____________________________________________________________________________ 3 SEC USE ONLY _____________________________________________________________________________ 4 SOURCE OF FUNDS N/A _____________________________________________________________________________ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT [ ] TO ITEM 2(d) OR 2(e) N/A ____________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America _____________________________________________________________________________ NUMBER OF SHARES BENEFICIALLY 7 SOLE VOTING POWER OWNED BY EACH REPORTING PERSON WITH 0 _____________________________________ 8 SHARED VOTING POWER 486,000* _____________________________________ 9 SOLE DISPOSITIVE POWER 0 _____________________________________ 10 SHARED DISPOSITIVE POWER 486,000* _____________________________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 486,000* _____________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] _____________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.23%* _____________________________________________________________________________ 14 TYPE OF REPORTING PERSON IN _____________________________________________________________________________ *But See Item 5. Amendment No. 2 to Schedule 13D Value Partners, Ltd. ("Value Partners") by this statement ("Amendment No. 2") hereby amends its Schedule 13D filed with the Securities and Exchange Commission on February 9, 1999, as amended on March 1, 1999 (collectively the "Schedule 13D"), with respect to the shares of common stock, par value $0.0001 per share (the "Common Stock"), of Wilshire Real Estate Investment Trust Inc. (the "Company"). All defined terms refer to terms defined herein and in the Schedule 13D. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER _____________________________________________ On December 1, 1999, Value Partners sold 514,000 shares of Common Stock for $2.125 per share (gross proceeds of $1,092,250), which reduced its holdings of Common Stock to 486,000 shares. Based on 11,500,000 issued and outstanding shares of Common Stock on October 31, 1999 (as reflected in the Company's Report on Form 10-Q for the three months ended September 30, 1999), Value Partners beneficially owns 4.23% of the outstanding Common Stock. As a result, Value Partners and the other reporting persons are no longer required to report holdings of Common Stock on Schedule 13D. 1 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. VALUE PARTNERS, LTD. By: EWING & PARTNERS, its General Partner December 7, 1999 By: /s/ Timothy G. Ewing ____________________________ Timothy G. Ewing, Managing Partner EWING & PARTNERS December 7, 1999 By: /s/ Timothy G. Ewing _____________________________ Timothy G. Ewing, Managing Partner December 7, 1999 /s/ Timothy G. Ewing _____________________________ Timothy G. Ewing -----END PRIVACY-ENHANCED MESSAGE-----