0000950134-01-507388.txt : 20011026
0000950134-01-507388.hdr.sgml : 20011026
ACCESSION NUMBER: 0000950134-01-507388
CONFORMED SUBMISSION TYPE: SC 13D/A
PUBLIC DOCUMENT COUNT: 2
FILED AS OF DATE: 20011018
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: VMS NATIONAL PROPERTIES JOINT VENTURE
CENTRAL INDEX KEY: 0000789089
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500]
IRS NUMBER: 363311347
STATE OF INCORPORATION: IL
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-56419
FILM NUMBER: 1761739
BUSINESS ADDRESS:
STREET 1: 1873 SOUTH BELLAIRE STREET
STREET 2: 17TH FLOOR
CITY: DENVER
STATE: CO
ZIP: 80222
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
d91326a4sc13da.txt
AMENDMENT NO. 4 TO SCHEDULE 13D
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Amendment No. 4
under the Securities Exchange Act of 1934
VMS NATIONAL PROPERTIES JOINT VENTURE
--------------------------------------------------------------------------------
(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
TELEPHONE: (404) 572-6600
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
OCTOBER 18, 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.
(Continued on following pages)
(Page 1 of 8 Pages)
CUSIP NO. NOT APPLICABLE 13D PAGE 2 OF 8 PAGES
-------- -----------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: AIMCO PROPERTIES, L.P.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITY ONLY): 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
41.25 UNITS (VMS NATIONAL RESIDENTIAL PORTFOLIO I)
29.98 UNITS (VMS NATIONAL RESIDENTIAL PORTFOLIO II)
-------- -------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
-------- -------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
41.25 UNITS (VMS NATIONAL RESIDENTIAL PORTFOLIO I)
29.98 UNITS (VMS NATIONAL RESIDENTIAL PORTFOLIO II)
-------- -----------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
41.25 UNITS (VMS NATIONAL RESIDENTIAL PORTFOLIO I)
29.98 UNITS (VMS NATIONAL RESIDENTIAL PORTFOLIO II)
-------- -----------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
-------- -----------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.7% (VMS NATIONAL RESIDENTIAL PORTFOLIO I)
11.7% (VMS NATIONAL RESIDENTIAL PORTFOLIO II)
-------- -----------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
-------- -----------------------------------------------------------------------------------------------------------------------
CUSIP NO. NOT APPLICABLE 13D PAGE 3 OF 8 PAGES
-------- -----------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: AIMCO-GP, INC.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
-------- -----------------------------------------------------------------------------------------------------------------------
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
41.25 UNITS (VMS NATIONAL RESIDENTIAL PORTFOLIO I)
29.98 UNITS (VMS NATIONAL RESIDENTIAL PORTFOLIO II)
-------- -------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
-------- -------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
41.25 UNITS (VMS NATIONAL RESIDENTIAL PORTFOLIO I)
29.98 UNITS (VMS NATIONAL RESIDENTIAL PORTFOLIO II)
-------- -----------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
41.25 UNITS (VMS NATIONAL RESIDENTIAL PORTFOLIO I)
29.98 UNITS (VMS NATIONAL RESIDENTIAL PORTFOLIO II)
-------- -----------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
-------- -----------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.7% (VMS NATIONAL RESIDENTIAL PORTFOLIO I)
11.7% (VMS NATIONAL RESIDENTIAL PORTFOLIO II)
-------- -----------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
-------- -----------------------------------------------------------------------------------------------------------------------
CUSIP NO. NOT APPLICABLE 13D PAGE 4 OF 8 PAGES
-------- -----------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: APARTMENT INVESTMENT AND MANAGEMENT COMPANY
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 84-1259577
-------- -----------------------------------------------------------------------------------------------------------------------
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
41.25 UNITS (VMS NATIONAL RESIDENTIAL PORTFOLIO I)
29.98 UNITS (VMS NATIONAL RESIDENTIAL PORTFOLIO II)
-------- -------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
-------- -------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
41.25 UNITS (VMS NATIONAL RESIDENTIAL PORTFOLIO I)
29.98 UNITS (VMS NATIONAL RESIDENTIAL PORTFOLIO II)
-------- -----------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
41.25 UNITS (VMS NATIONAL RESIDENTIAL PORTFOLIO I)
29.98 UNITS (VMS NATIONAL RESIDENTIAL PORTFOLIO II)
-------- -----------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
-------- -----------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.7% (VMS NATIONAL RESIDENTIAL PORTFOLIO I)
11.7% (VMS NATIONAL RESIDENTIAL PORTFOLIO II)
-------- -----------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
-------- -----------------------------------------------------------------------------------------------------------------------
CUSIP NO. NOT APPLICABLE 13D PAGE 5 OF 8 PAGES
Item 1. Security and Issuer
The name of the issuer is VMS National Properties Joint Venture, an
Illinois 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, Colorado 80222. The sole general partners of
the Partnership are VMS National Residential Portfolio I ("VMS I") and VMS
National Residential Portfolio II ("VMS II"). The title of the class of equity
securities to which this statement relates are the limited partnership interests
of the Partnership.
This Amendment No. 4 (this "Amendment") amends Items 1, 2, 4, 5 and 7
of the Statement on Schedule 13D filed jointly by AIMCO Properties, L.P.,
AIMCO-GP, Inc., and Apartment Investment and Management Company on August 6,
1999, as amended by Amendments 1 through 3.
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.
CUSIP NO. NOT APPLICABLE 13D PAGE 6 OF 8 PAGES
Item 4. Purpose of Transaction
AIMCO Properties is currently making a tender offer to purchase the
outstanding Units of VMS I for $1,082 per unit in cash and the outstanding Units
of VMS II for $1,077 per unit in cash. The tender offer is currently scheduled
to expire on November 14, 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
October 18, 2001, by AIMCO Properties. AIMCO Properties believes that its offer
provides an opportunity to increase its ownership interest in the property of
VMS National Properties Joint Venture while providing the investors in VMS
National Properties Joint Venture an opportunity to liquidate their current
investment.
Although AIMCO Properties has no present intention acquire additional
units or sell units after completion or termination of the current offer, it may
do so in the future. Any such acquisition may be made through private purchases,
through one or more future tender or exchange offers, by merger, consolidation
or by any other means deemed advisable. Any acquisition may be at a price higher
or lower than the price to be paid for the units purchased pursuant to the
current offer, and may be for cash, limited partnership interests in AIMCO
Properties, L.P. or other consideration. AIMCO Properties may consider selling
some or all of the units it acquires pursuant to the current offer to persons
not yet determined, which may include its affiliates. AIMCO Properties may also
buy the properties held by VMS National Properties Joint Venture, although AIMCO
Properties has no present intention to do so. There can be no assurance,
however, that AIMCO Properties will initiate or complete, or will cause VMS
National Properties Joint Venture, VMS I or VMS II to initiate or complete, any
subsequent transaction during any specific time period following the expiration
of the offer or at all.
Except as set forth herein, neither AIMCO Properties, AIMCO-GP nor
AIMCO has any present plans or proposals which relate to or would result in an
extraordinary transaction, such as a merger, reorganization or liquidation,
involving VMS, VMS I or VMS II; a purchase or sale or transfer of a material
amount of VMS's assets; any changes in composition of VMS's senior management or
personnel or their compensation; any changes in VMS, VMS I or VMS II's present
capitalization, indebtedness or distribution policy; or any other material
changes in their structure or business. AIMCO Properties or its affiliates may
loan funds to VMS which may be secured by your VMS's property. If any such loans
are made, upon default of such loans, AIMCO Properties or its affiliates could
seek to foreclose on the loan and related mortgage or security interest.
However, AIMCO Properties expects that, consistent with the fiduciary
obligations of the general partner of VMS I and VMS II, the general partner will
seek and review opportunities, including opportunities identified by AIMCO
Properties, to engage in transactions which could benefit VMS, such as sales or
refinancings of assets or a combination of VMS with one or more other entities,
with the objective of seeking to maximize returns to limited partners. 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.
CUSIP NO. NOT APPLICABLE 13D PAGE 7 OF 8 PAGES
Item 5. Interest in Securities of the Issuer
(a) - (b) The information in lines 7 through 11 of each Reporting
Person's cover page is incorporated herein by reference. The number of units
directly owned by each Reporting Person is as follows:
Entity or Person Number of Directly Owned Units Percentage of Class Represented
------------------------------------------------------- ----------------------------------- ----------------------------------
AIMCO Properties, L.P.
- VMS National Residential Portfolio I 41.25 6.7%
- VMS National Residential Portfolio II 29.98 11.7%
------------------------------------------------------- ----------------------------------- ----------------------------------
AIMCO-GP, Inc. -0- -0-
------------------------------------------------------- ----------------------------------- ----------------------------------
AIMCO -0- -0-
------------------------------------------------------- ----------------------------------- ----------------------------------
(c) Not applicable.
(d) No other person is known to have the right to receive or the
power to direct the receipt of dividends from, or any proceeds
from the sale of, the Units beneficially owned by the
reporting persons.
(e) Not Applicable.
Item 7. Material to be Filed as Exhibits.
Exhibit 7.1 Agreement of Joint Filing, dated October 18, 2001.
CUSIP NO. NOT APPLICABLE 13D PAGE 8 OF 8 PAGES
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: October 18, 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
INDEX TO EXHIBITS
EXHIBIT
NUMBER DESCRIPTION
------ -----------
7.1 Agreement of Joint Filing, dated October 18, 2001.
EX-7.1
3
d91326a4ex7-1.txt
AGREEMENT OF JOINT FILING
EXHIBIT 7.1
AGREEMENT OF JOINT FILING
The parties listed below agree that the Amendment 4 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: October 18, 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