-----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, Jxu9DZics/0veUw704kqX/tCrL4hd5yDbK2nnH5ypifkjxzMyOQf1gWWl2BRK9wn jYCX279+5ZTeEvmptesPrg== 0000938775-97-000027.txt : 19980102 0000938775-97-000027.hdr.sgml : 19980102 ACCESSION NUMBER: 0000938775-97-000027 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19971231 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TRIAD PARK LLC CENTRAL INDEX KEY: 0001037037 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 943264115 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-51409 FILM NUMBER: 97747741 BUSINESS ADDRESS: STREET 1: 3055 TRIAD DR CITY: LIVERMORE STATE: CA ZIP: 94550 BUSINESS PHONE: 5104490606 MAIL ADDRESS: STREET 1: 3055 TRIAD DRIVE CITY: LIVERMORE STATE: CA ZIP: 94550 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BLUM RICHARD C & ASSOCIATES L P CENTRAL INDEX KEY: 0000938775 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 943205364 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 909 MONTGOMERY STREET # 400 CITY: SAN FRANCISCO STATE: CA ZIP: 94133 MAIL ADDRESS: STREET 1: 909 MONTGOMERY STREET STREET 2: SUITE 400 CITY: SAN FRANCISCO STATE: CA ZIP: 94133 SC 13D/A 1 ` UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2)* TRIAD PARK, LLC --------------- (Name of Issuer) Membership Interests, no par value ---------------------------------- (Title of Class of Securities) 895814101 --------- (CUSIP Number) Murray A. Indick Richard C. Blum & Associates, L.P. 909 Montgomery Street, Suite 400 San Francisco, CA 94133 (415) 434-1111 ------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 30, 1997 ----------------- (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 [ ]. *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). Page 1 of 15 CUSIP NO. 895814101 SCHEDULE 13D Page 2 of 15 - ------------------------------------------------------------------------------ 1. NAME OF REPORTING PERSON RICHARD C. BLUM & ASSOCIATES, L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3205364 - ------------------------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - ------------------------------------------------------------------------------ 3. SEC USE ONLY - ------------------------------------------------------------------------------ 4. SOURCE OF FUNDS* See Item 3 below - ------------------------------------------------------------------------------ 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------ 6. CITIZENSHIP OR PLACE OF ORGANIZATION California - ------------------------------------------------------------------------------ 7. SOLE VOTING POWER -0- NUMBER OF ----------------------------------------------------------- SHARES 8. SHARED VOTING POWER 1,998,158** BENEFICIALLY OWNED BY EACH ----------------------------------------------------------- PERSON WITH 9. SOLE DISPOSITIVE POWER -0- ----------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 1,998,158** - ------------------------------------------------------------------------------ 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,998,158** - ------------------------------------------------------------------------------ 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.1%** - ------------------------------------------------------------------------------ 14. TYPE OF REPORTING PERSON PN, IA - ------------------------------------------------------------------------------ ** See Item 5 below *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 895814101 SCHEDULE 13D Page 3 of 15 - ------------------------------------------------------------------------------ 1. NAME OF REPORTING PERSON RICHARD C. BLUM & ASSOCIATES, INC. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-2967812 - ------------------------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - ------------------------------------------------------------------------------ 3. SEC USE ONLY - ------------------------------------------------------------------------------ 4. SOURCE OF FUNDS* See Item 3 below - ------------------------------------------------------------------------------ 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------ 6. CITIZENSHIP OR PLACE OF ORGANIZATION California - ------------------------------------------------------------------------------ 7. SOLE VOTING POWER -0- NUMBER OF ----------------------------------------------------------- SHARES 8. SHARED VOTING POWER 1,998,158** BENEFICIALLY OWNED BY EACH ----------------------------------------------------------- PERSON WITH 9. SOLE DISPOSITIVE POWER -0- ----------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 1,998,158** - ------------------------------------------------------------------------------ 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,998,158** - ------------------------------------------------------------------------------ 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.1%** - ------------------------------------------------------------------------------ 14. TYPE OF REPORTING PERSON CO - ------------------------------------------------------------------------------ ** See Item 5 below *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 895814101 SCHEDULE 13D Page 4 of 15 - ------------------------------------------------------------------------------ 1. NAME OF REPORTING PERSON RICHARD C. BLUM S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - ------------------------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - ------------------------------------------------------------------------------ 3. SEC USE ONLY - ------------------------------------------------------------------------------ 4. SOURCE OF FUNDS* See Item 3 below - ------------------------------------------------------------------------------ 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------ 6. CITIZENSHIP OR PLACE OF ORGANIZATION California - ------------------------------------------------------------------------------ 7. SOLE VOTING POWER 14,000** NUMBER OF ----------------------------------------------------------- SHARES 8. SHARED VOTING POWER 1,998,158** BENEFICIALLY OWNED BY EACH ----------------------------------------------------------- PERSON WITH 9. SOLE DISPOSITIVE POWER 14,000** ----------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 1,998,158** - ------------------------------------------------------------------------------ 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,012,158** - ------------------------------------------------------------------------------ 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.2%** - ------------------------------------------------------------------------------ 14. TYPE OF REPORTING PERSON IN - ------------------------------------------------------------------------------ ** See Item 5 below *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 895814101 SCHEDULE 13D Page 5 of 15 - ------------------------------------------------------------------------------ 1. NAME OF REPORTING PERSON TPL ACQUISITION, LLC S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - ------------------------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - ------------------------------------------------------------------------------ 3. SEC USE ONLY - ------------------------------------------------------------------------------ 4. SOURCE OF FUNDS* See Item 3 below - ------------------------------------------------------------------------------ 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 - ------------------------------------------------------------------------------ 7. SOLE VOTING POWER -0- NUMBER OF ----------------------------------------------------------- SHARES 8. SHARED VOTING POWER 1,998,158** BENEFICIALLY OWNED BY EACH ----------------------------------------------------------- PERSON WITH 9. SOLE DISPOSITIVE POWER -0- ----------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 1,998,158** - ------------------------------------------------------------------------------ 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,998,158** - ------------------------------------------------------------------------------ 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.1%** - ------------------------------------------------------------------------------ 14. TYPE OF REPORTING PERSON OO (limited liability company) - ------------------------------------------------------------------------------ ** See Item 5 below *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 895814101 SCHEDULE 13D Page 6 of 15 - ------------------------------------------------------------------------------ 1. NAME OF REPORTING PERSON CB COMMERCIAL REAL ESTATE SERVICES GROUP, INC. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 52-1616016 - ------------------------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - ------------------------------------------------------------------------------ 3. SEC USE ONLY - ------------------------------------------------------------------------------ 4. SOURCE OF FUNDS* See Item 3 below - ------------------------------------------------------------------------------ 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 - ------------------------------------------------------------------------------ 7. SOLE VOTING POWER -0- NUMBER OF ----------------------------------------------------------- SHARES 8. SHARED VOTING POWER -0- BENEFICIALLY OWNED BY EACH ----------------------------------------------------------- PERSON WITH 9. SOLE DISPOSITIVE POWER -0- ----------------------------------------------------------- 10. SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------ 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- - ------------------------------------------------------------------------------ 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) -0- - ------------------------------------------------------------------------------ 14. TYPE OF REPORTING PERSON CO - ------------------------------------------------------------------------------ ** See Item 5 below *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 895814101 SCHEDULE 13D Page 7 of 15 - ------------------------------------------------------------------------------ 1. NAME OF REPORTING PERSON WESTMARK REALTY ADVISORS, LLC S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 95-3695034 - ------------------------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - ------------------------------------------------------------------------------ 3. SEC USE ONLY - ------------------------------------------------------------------------------ 4. SOURCE OF FUNDS* See Item 3 below - ------------------------------------------------------------------------------ 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 - ------------------------------------------------------------------------------ 7. SOLE VOTING POWER -0- NUMBER OF ----------------------------------------------------------- SHARES 8. SHARED VOTING POWER -0- BENEFICIALLY OWNED BY EACH ----------------------------------------------------------- PERSON WITH 9. SOLE DISPOSITIVE POWER -0- ----------------------------------------------------------- 10. SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------ 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- - ------------------------------------------------------------------------------ 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) -0- - ------------------------------------------------------------------------------ 14. TYPE OF REPORTING PERSON OO (limited liability company) - ------------------------------------------------------------------------------ ** See Item 5 below *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 895814101 SCHEDULE 13D Page 8 of 15 This Amendment No. 2 to Schedule 13D amends the Statement on Schedule 13D (the "Schedule 13D") filed with the Securities and Exchange Commission on September 10, 1997 by Richard C. Blum & Associates, L.P. and its affiliates (along with TPL Acquisition, LLC, the "Blum Reporting Persons"). This Amendment No. 2 is filed with respect to the Limited Liability Company Membership Interests ("the Interests"), no par value, of Triad Park, LLC, ("the Company"). The principal executive office and mailing address of the Company is 3055 Triad Drive, Livermore, California 94550. This Amendment is being filed because the Blum Reporting Persons, as previously described in Amendment No. 1, may be deemed by virtue of other securities filings to have formed a group with CB Commercial Real Estate Services Group, Inc. ("CBC") and Westmark Realty Advisors, LLC ("Westmark") for the purpose as described below. The Blum Reporting Persons, CBC and Westmark are collectively referred to herein as the "Reporting Persons". Unless otherwise defined herein, all capitalized terms shall have the meanings ascribed to them in the Schedule 13D. Item 2. Identify and Background - -------------------------------- Item 2 of the Schedule 13D is hereby amended to include the following additional information with respect to TPL, CBC and Westmark (information with respect to the Blum Reporting Persons having previously been disclosed): TPL is a Delaware limited liability company formed for the purpose of entering into the Merger Agreement described in the Schedule 13D. Its principal executive office is located at 909 Montgomery Street, Suite 400, San Francisco, California 94133. Its sole managing member is RCBA L.P. CBC is a Delaware corporation providing commerical real estate services through its subsidiaries. Its principal executive office is located at 533 South Fremont Avenue, Los Angeles, California 90071. The names of the directors and executive officers of CBC and their addresses, citizenship and principal occupation are as follows: Name and Business Citizen- Principal Occupation Office Held Address ship or Employment - -------------------- ----------------------- --------- -------------------- James L. Didion 533 South Fremont Ave. USA Chairman, Chief Chairman, Chief Los Angeles, CA 90071 Executive Officer Executive Officer of CBC and Director Gary J. Beban 533 South Fremont Ave. USA President of CBC President and Los Angeles, CA 90071 Director John C. Heackel 533 South Fremont Ave. USA Chief Financial Chief Financial Los Angeles, CA 90071 Officer and Senior and Senior Executive Vice Executive Vice President of CBC President CUSIP NO. 895814101 SCHEDULE 13D Page 9 of 15 Name and Business Citizen- Principal Occupation Office Held Address ship or Employment - -------------------- ----------------------- --------- -------------------- George J. Kallis 533 South Fremont Ave. USA Senior Executive Senior Executive Los Angeles, CA 90071 Vice President -- Vice President -- Brokerage Western Brokerage Western U.S. of CBC of U.S. and Director Ronald J. Platisha 533 South Fremont Ave. USA Executive Vice Executive Vice Los Angeles, CA 90071 President and and Principal Principal Accounting Accounting Officer Officer of CBC Walter V. Stafford 533 South Fremont Ave. USA Senior Executive Senior Executive Los Angeles, CA 90071 Vice President and and General Counsel General Counsel of CBC Richard C. Clotfelter 533 South Fremont Ave. USA Chairman of Director Los Angeles, CA 90071 Westmark Lawrence J. Melody 5847 San Felipe, USA President of L.J. Director Suite 4400 Melody & Company Houston, TX 77057 Stanton D. Anderson 1850 K Street, NW USA Counsel, McDermott, Director Washington, D.C. 20006 Will & Emery and Chairman & President of Global USA, Inc. Richard C. Blum 909 Montgomery St. USA President & Chairman Director Suite 400 RCBA L.P. San Francisco, CA 94133 Daniel A. D'Aniello 1001 Pennsylvania USA Managing Director, Director Avenue, N.W. The Carlyle Group Suite 220 South Washington, D.C. 20004 Hiroaki Hoshino 320 Park Avenue Japan President, Chief Director 26th Floor Executive officer, New York, NY 10022 Chief Financial Officer and Director of Kajima Capital of America, Inc. Takayuki Kohri 666 Fifth Avenue Japan Deputy Manager of Director New York, NY 10103 Sumitomo Real Estate Sales Japan CUSIP NO. 895814101 SCHEDULE 13D Page 10 of 15 Name and Business Citizen- Principal Occupation Office Held Address ship or Employment - -------------------- ----------------------- --------- -------------------- Paul C. Leach 2935 Pacific Avenue USA President, Paul Director San Francisco, CA 94115 Leach and Company and Managing Director The Lone Cypress Co. Frederic V. Malek 1455 Pennsylvania USA Chairman of Thayer Director Avenue, NW, Ste. 350 Capital Partners Washington, DC 20004 Peter V. Ueberroth 500 Newport Center Dr. USA Managing Director of Director Suite 900 Contrarian Group, Newport Beach, CA 92660 Inc. Gary L. Wilson 5101 Northwest Drive USA Co-Chairman of Director St. Paul, MN 55111 Northwest Airlines, Inc. Ray Elizabeth 100 Galleria Parkway USA First Vice President Uttenhove, Atlanta, GA 30339 -- Retail Tenant First Vice Presi- Services of CBC dent Retail Tenant Services and Director Donald M. Koll 4343 Von Karman Ave. USA Chairman of the Board Director Newport Beach, CA 92660 and Chief Executive Officer of The Koll Company Raymond E. Wirta 533 South Fremont Ave. USA President of CB Director Los Angeles, CA 90071 Commercial Financial Services Bradford M. Freeman 11100 Santa Monica Blvd. USA Founding partner of Director Suite 1900 FS&Co. Los Angeles, CA 90025 Ricardo 1301 Avenue of the USA Partner of Apollo Koenigsberger Americas,38th Floor Real Estate Director New York, NY 10019 Advisors II, LP Westmark is a Delaware limited liability company and an indirect wholly-owned subsidiary of CBC. Its principal executive office is located at 865 South Figueroa, Los Angeles, California 90071. The names of the directors and CUSIP NO. 895814101 SCHEDULE 13D Page 11 of 15 executive officers of Westmark and their addresses, citizenship and principal occupation are as follows: Name and Business Citizen- Principal Occupation Office Held Address ship or Employment - -------------------- ----------------------- --------- -------------------- Richard C. Clotfelter 865 South Figueroa St. USA Chairman & Director Chairman Los Angeles, CA 90071 of Westmark James L. Didion 533 South Fremont Ave. USA Chairman, Chief Director Los Angeles, CA 90071 Executive Officer and Director of CBC Walter V. Stafford 533 South Fremont Ave. USA Senior Executive Director Los Angeles, CA 90071 Vice President and General Counsel of CBC Laurie Romanak 865 South Figueroa St. USA Treasurer of Westmark Treasurer Los Angeles, CA 90071 To the best knowledge of the Blum Reporting Persons, CBC and Westmark, none of the entities or persons identified in this Item 2 has, during the past five years, been convicted of any criminal proceeding (excluding traffic violations or similar misdemeanors), nor been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and 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. Neither the Blum Reporting Persons, CBC nor Westmark are responsible for the completeness or accuracy of the information concerning the other persons making this filing, unless such person knows or has reason to believe that such information is inaccurate. Item 3. Source and Amount of Funds or Other Consideration - ---------------------------------------------------------- The source of funds for the Interests was the working capital of RCBA L.P.'s limited partnerships. Item 4. Purpose of Transaction - ------------------------------- Item 4 of the Schedule 13D is hereby amended as follows: The Blum Reporting Persons initially acquired the Interests for investment purposes, and the acquisition of the Interests by each of the limited partnerships were made in the ordinary course of business and were not made for the purposes of acquiring control of the Company. CUSIP NO. 895814101 SCHEDULE 13D Page 12 of 15 On August 14, 1997, the Blum Reporting Persons filed an initial Schedule 13D. Therein, the Blum Reporting Persons stated that, on August 11, 1997, they decided to propose to acquire all of the assets or stock of the Company and submitted a written indication to the Company of the material terms and conditions upon which the Blum Reporting Persons would be willing to proceed. On August 12, 1997, the Company responded to the August 11, 1997 proposal. Following the exchange of correspondence between the Blum Reporting Persons and the Company, the Blum Reporting Persons and the Company discussed a possible transaction. On September 9, the Company, and the Blum Reporting Persons entered into an Agreement of Merger (the "Merger Agreement"), pursuant to which TPL will acquire all of the Interests for a purchase price of $1.32 per Interest on the terms and subject to the conditions set forth therein (including approval of the transaction by the shareholders). The Company attached the Merger Agreement to a securities filing made by the Company on September 15, 1997. The Reporting Persons have not, therefore, attached the Merger Agreement as an exhibit to this Amendment. Reference is made to the Merger Agreement for a complete description of the terms and conditions of the transaction. TPL is presently controlled by the Blum Reporting Persons; however, the Reporting Persons presently expect that TPL will be controlled both by the Blum Reporting Persons and by Westmark, an indirect wholly-owned subsidiary of CBC. Richard C. Blum is a director of CBC. The Blum Reporting Persons and Westmark previously entered into a joint venture agreement for real estate acquisitions, and the Reporting Persons presently expect Westmark to participate in the transaction involving the Company. The Blum Reporting Persons and Westmark have not formalized an arrangement as yet with respect to this particular transaction. The Reporting Persons expect that such an agreement will be formalized in the near future. In securities filings made by the Company on December 9, 11 and 30, 1997, CBC and Westmark were disclosed to be filing persons. This amendment similarly reflects the addition of CBC and Westmark to this Schedule 13D filing. Item 5. Interest in Securities of the Issuer - --------------------------------------------- Item 5 of the Schedule 13D is hereby amended in its entirety to read as follows: (a),(b) According to the Company's Form 10QSB filed with the Securities and Exchange Commission on November 12, 1997, there were 19,708,123 Interests outstanding as of September 30, 1997. Based on such information, the Blum Reporting Persons report direct holdings of 1,998,158 Interests on behalf of its partnerships, which represents 10.1% of the outstanding Interests. Voting and investment power concerning the above Interests are held solely by RCBA L.P. The Blum Reporting Persons therefore may be deemed to be members in a group, in which case each Reporting Person would be deemed to have beneficial ownership of an aggregate of 1,998,158 Interests, which is 10.1% of CUSIP NO. 895814101 SCHEDULE 13D Page 13 of 15 the outstanding Interests. As the sole general partner of RCBA L.P., RCBA Inc. is deemed the beneficial owner of the Interests over which RCBA L.P. has voting and investment power. As Chairman, director and a substantial shareholder of RCBA Inc., Richard C. Blum might be deemed to be the beneficial owner of the Interests beneficially owned by RCBA Inc. In addition, Mr. Blum has sole beneficial ownership of 14,000 Interests. Although Mr. Blum is joining in this Schedule as a Blum Reporting Person, the filing of this Schedule shall not be construed as an admission that he, or any of the other shareholders, directors or executive officers of RCBA Inc. is, for any purpose, the beneficial owner of any of the Interests that are beneficially owned by RCBA Inc. As of this date, CBC and Westmark do not own any Interests of the Company. Moreover, CBC and Westmark expressly disclaim beneficial ownership of any of the securities of the Company, including but not limited to those securities of the Company owned by The Blum Reporting Persons. (c), (d) and (e) Not applicable. Item 7. Material to be Filed as Exhibits - ----------------------------------------- Item Description - ---- ----------- Exhibit A Joint Filing Undertaking. CUSIP NO. 895814101 SCHEDULE 13D Page 14 of 15 SIGNATURES After reasonable inquiry and to the best or our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: December 31, 1997 RICHARD C. BLUM & ASSOCIATES, L.P. RICHARD C. BLUM & ASSOCIATES, INC. By /s/ Murray A. Indick By /s/ Murray A. Indick ------------------------------- ----------------------------------- Murray A. Indick Murray A. Indick Managing Director Managing Director, General Counsel and General Counsel and Secretary /s/ Murray A. Indick --------------------------------------- RICHARD C. BLUM By Murray A. Indick, Attorney-in-Fact CB COMMERCIAL REAL ESTATE WESTMARK REALTY ADVISORS, LLC SERVICES GROUP, INC. By /s/ Walter V. Stafford By /s/ Richard C. Clotfelter ------------------------------- ----------------------------------- Walter V. Stafford Richard C. Clotfelter Senior Executive Vice President Chairman and President and General Counsel CUSIP NO. 72813P-10-0 SCHEDULE 13D Page 15 of 15 Exhibit A JOINT FILING UNDERTAKING The undersigned, being duly authorized thereunto, hereby execute this agreement as an exhibit to this Schedule 13D to evidence the agreement of the below-named parties, in accordance with the rules promulgated pursuant to the Securities Exchange Act of 1934, to file this Schedule jointly on behalf of each such party. Dated: December 31, 1997 RICHARD C. BLUM & ASSOCIATES, L.P. RICHARD C. BLUM & ASSOCIATES, INC. By /s/ Murray A. Indick By /s/ Murray A. Indick ------------------------------- ----------------------------------- Murray A. Indick Murray A. Indick Managing Director Managing Director, General Counsel and General Counsel and Secretary /s/ Murray A. Indick --------------------------------------- RICHARD C. BLUM By Murray A. Indick, Attorney-in-Fact CB COMMERCIAL REAL ESTATE WESTMARK REALTY ADVISORS, LLC SERVICES GROUP, INC. By /s/ Walter V. Stafford By /s/ Richard C. Clotfelter ------------------------------- ----------------------------------- Walter V. Stafford Richard C. Clotfelter Senior Executive Vice President Chairman and President and General Counsel -----END PRIVACY-ENHANCED MESSAGE-----