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OMB APPROVAL
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UNITED STATES OMB Number: 3235-0145
SECURITIES AND EXCHANGE COMMISSION Expires: October 31, 1994
Washington, D.C. 20549 Estimated average burden
hours per response......14.90
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1 )1
Union Property Investors, Inc.
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.01 par value per share
- -------------------------------------------------------------------------------
(Title of Class of Securities)
90808P 10 9
- -------------------------------------------------------------------------------
(CUSIP Number)
- --------
1 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>
CUSIP NO. 90808P 10 9 13G Page 2 of 14 Pages
--------------- ----- ----
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Concord Assets Group, Inc.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
-------------------------------------------------------------
6 SHARED VOTING POWER
NUMBER OF
SHARES 2,810,390
BENEFICIALLY
OWNED BY -------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH
-------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,810,390
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,810,390
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
74.2%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 90808P 10 9 13G Page 3 of 14 Pages
----------- ----- ----
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Concord Milestone Incorporated
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
-------------------------------------------------------------
6 SHARED VOTING POWER
NUMBER OF
SHARES 274,910
BENEFICIALLY
OWNED BY -------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH
-------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
274,910
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
274,910
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.3%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 90808P 10 9 13G Page 4 of 14 Pages
------------- ----- ----
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Concord Fund Incorporated
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
-------------------------------------------------------------
6 SHARED VOTING POWER
NUMBER OF
SHARES 274,910
BENEFICIALLY
OWNED BY -------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH
-------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
274,910
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
274,910
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.3%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 90808P 10 9 13G Page 5 of 14 Pages
------------- ----- -----
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Castle Plaza, Inc.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
-------------------------------------------------------------
6 SHARED VOTING POWER
NUMBER OF
SHARES 2,169,856
BENEFICIALLY
OWNED BY -------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH
-------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,169,856
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,169,856
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
57.3%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 90808P 10 9 13G Page 6 of 14 Pages
------------- ---- ----
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Leonard S. Mandor
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
-------------------------------------------------------------
6 SHARED VOTING POWER
NUMBER OF
SHARES 2,859,390
BENEFICIALLY
OWNED BY -------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH
-------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,859,390
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,859,390
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
75.5%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 90808P 10 9 13G Page 7 of 14 Pages
------------- ----- ----
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert A. Mandor
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
590
-------------------------------------------------------------
6 SHARED VOTING POWER
NUMBER OF
SHARES 2,859,390**
BENEIFICALLY
OWNED BY -------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 590
WITH
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,859,390**
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
49,590
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[X]
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.3%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- ----------------
** Beneficial ownership of 2,810,390 of the shares indicated is disclaimed.
See the introduction to this Schedule 13G on page 8 hereof.
<PAGE>
Robert A. Mandor, as a director, officer and stockholder of Concord
Assets Group, Inc. ("Concord"), may be deemed to be a beneficial owner of the
shares of common stock, $.01 par value, of the Issuer (the "Common Stock")
beneficially owned by Concord. Concord, in turn, is deemed to beneficially own
2,810,390 shares of Common Stock beneficially owned by (i) the other corporate
and partnership reporting persons hereunder, all of which are owned or
controlled by Concord, and (ii) certain other corporations and partnerships
owned or controlled by Concord (collectively, the "Concord Affiliates"). Robert
A. Mandor disclaims beneficial ownership of the shares of Common Stock
beneficially owned by Concord pursuant to Rule 13d-4 promulgated under the Act.
Robert A. Mandor disclaims such beneficial ownership by virtue of the ownership
by Leonard S. Mandor of in excess of a majority of the outstanding voting stock
of Concord, thereby giving Leonard S. Mandor the ultimate power to control the
voting and disposition of the 2,810,390 shares of Common Stock beneficially
owned by Concord as to which Robert A. Mandor is disclaiming beneficial
ownership.
Item 1(a). Name of Issuer:
- --------------------------
Union Property Investors, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
- -----------------------------------------------------------
5200 Town Center Circle
Boca Raton, Florida 33486
Item 2(a). Name of Person Filing:
- ---------------------------------
This Schedule 13G is being filed with respect to shares of Common Stock
beneficially owned by the following reporting persons as of December 31, 1996:
Concord Assets Group, Inc.
Concord Milestone, Incorporated
Concord Fund Incorporated
Castle Plaza, Inc.
Leonard S. Mandor
Robert A. Mandor
Item 2(b). Address of Principal Business Office, or, if None, Residence:
- ------------------------------------------------------------------------
The address for each reporting person is:
5200 Town Center Circle
Boca Raton, Florida 33486
Item 2(c). Citizenship:
- -----------------------
(i) Concord Assets Group, Inc., a New York corporation
(ii) Concord Milestone, Incorporated, a Delaware corporation
(iii) Concord Fund Incorporated, a Delaware corporation
(iv) Castle Plaza, Inc., a Delaware corporation
(v) Leonard S. Mandor, a United States Citizen
(vi) Robert A. Mandor, a United States Citizen
Page 8 of 14
<PAGE>
Item 2(d). Title of Class of Securities:
- ----------------------------------------
Common Stock, par value $.01 per share
Item 2(e). CUSIP NUMBER:
- ------------------------
90808P 10 9
Item 3. Not applicable. This statement is filed pursuant to Rule 13d-1(c).
- ------
Item 4. Ownership.
- ------- ----------
(a) Amount beneficially owned:***
Aggregate number of shares of Common Stock beneficially owned by each
of the reporting persons as of December 31, 1996:
1. Leonard S. Mandor 2,859,390 shares
(includes (A) 49,000 shares of Common Stock owned by Mill Neck
Associates and (B) 2,810,390 shares of Common Stock
beneficially owned by Concord)
2. Robert A. Mandor 2,859,980 shares
(includes (A) 49,000 shares of Common Stock owned by Mill Neck
Associates, (B) 590 shares of Common Stock owned directly and
(C) 2,810,390 shares of Common Stock owned by Concord)
3. Concord 2,810,390 shares
(includes (A) 274,910 shares of Common Stock held in the name
of Concord Associates and beneficially owned by Concord
Milestone, Incorporated ("CMI"), an indirect wholly-owned
subsidiary of Concord; (B) 81,534 shares of Common Stock owned
by Concord Milestone Partners, L.P. ("CMP"), a limited
partnership, the sole general partner of which is a
wholly-owned subsidiary of Concord; (C) 2,169,856 shares of
Common Stock owned by Castle Plaza, Inc. ("CPI"), a
wholly-owned subsidiary of Concord; (D) 163,291 shares of
Common Stock owned by Mountain View Mall, Inc. ("Mountain
View") a wholly-owned subsidiary of Concord; and (E) 120,799
shares of Common Stock owned by Concord Income Realty Partners
VI, L.P. ("CIRP VI"), a limited partnership, the general
partner and limited partner of which is a wholly-owned
subsidiary of Concord)
4. CMI 274,910 shares
5. Concord Fund
Incorporated 274,910 shares
("CFI")
6. CPI 2,169,856 shares
- --------
*** See introductory note relating to the disclaimer of beneficial ownership
by Robert A. Mandor of the shares of Common Stock beneficially owned by Concord.
Page 9 of 14
<PAGE>
(b) Percent of class: Percentage of Common Stock beneficially
owned by each of the reporting persons as of December 31, 1996:
1. Leonard S. Mandor 75.5%
2. Robert A. Mandor 75.5%
3. Concord 74.2%
4. CMI 7.3%
5. CFI 7.3%
6. CPI 57.3%
(c) Number of shares as to which each reporting person has:
(i) Sole power to vote or to direct the vote:
1. Leonard S. Mandor 0 shares
2. Robert A. Mandor 590 shares
3. Concord 0 shares
4. CMI 0 shares
5. CFI 0 shares
6. CPI 0 shares
(ii) Shared power to vote or to direct the vote:
1. Leonard S. Mandor 2,859,390 shares
(includes (A) 49,000 shares of Common Stock owned by
Mill Neck Associates and (B) 2,810,390 shares of
Common Stock beneficially owned by Concord)
2. Robert A. Mandor 2,859,390 shares
(includes (A) 49,000 shares of Common Stock owned by
Mill Neck Associates and (B) 2,810,390 shares of
Common Stock beneficially owned by Concord)
3. Concord 2,810,390 shares
(includes (A) 274,910 shares of Common Stock owned by
CMI; (B) 81,534 shares of Common Stock owned by CMP;
(C) 2,169,856 shares of Common Stock owned by CPI;
(D) 163,291 shares of Common Stock owned by Mountain
View; and (E) 120,799 shares of Common Stock owned by
CIRP VI)
Page 10 of 14
<PAGE>
4. CMI 274,910 shares
5. CFI 274,910 shares
6. CPI 2,169,856 shares
(iii) Sole power to dispose or to direct the disposition of:
1. Leonard S. Mandor 0 shares
2. Robert A. Mandor 590 shares
3. Concord 0 shares
4. CMI 0 shares
5. CFI 0 shares
6. CPI 0 shares
(iv) Shared power to dispose or to direct the disposition of:
1. Leonard S. Mandor 2,859,390 shares
(includes (A) 49,000 shares of Common Stock owned by
Mill Neck Associates and (B) 2,810,390 shares of
Common Stock beneficially owned by Concord)
2. Robert A. Mandor 2,859,390 shares
(includes (A) 49,000 shares of Common Stock owned by
Mill Neck Associates and (B) 2,810,390 shares of
Common Stock beneficially owned by Concord)
3. Concord 2,810,390 shares
(includes (A) 274,910 shares of Common Stock owned by
CMI; (B) 81,534 shares of Common Stock owned by CMP;
(C) 2,169,856 shares of Common Stock owned by CPI;
(D) 163,291 shares of Common Stock owned by Mountain
View; and (E) 120,799 shares of Common Stock owned by
CIRP VI)
4. CMI 274,910 shares
5. CFI 274,910 shares
6. CPI 2,169,856 shares
Page 11 of 14
<PAGE>
Item 5. Ownership of Five Percent or Less of a Class.
- ------- ---------------------------------------------
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
- ------- ----------------------------------------------------------------
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which
- ------- Acquired the Security Reported on the Parent Holding Company.
-------------------------------------------------------------
Not applicable.
Item 8. Identification and Classification of members of the Group.
- ------- ----------------------------------------------------------
Not applicable.
Item 9. Notice of Dissolution of Group.
- ------- -------------------------------
Not applicable.
Item 10. Certification.
- -------- --------------
Not applicable.
Page 12 of 14
<PAGE>
Signatures
----------
After reasonable inquiry and to the best of our knowledge and belief,
we certify that the information set forth in this statement is true, complete
and correct.
Dated: January 31, 1997
CONCORD ASSETS GROUP, INC.
By: /s/ Robert A. Mandor
---------------------------
Name: Robert A. Mandor
Title: President
CONCORD MILESTONE, INCORPORATED
By: /s/ Leonard S. Mandor
---------------------------
Name: Leonard S. Mandor
Title: President
CONCORD FUND INCORPORATED
By: /s/ Leonard S. Mandor
---------------------------
Name: Leonard S. Mandor
Title: President
CASTLE PLAZA, INC.
By: /s/ Robert A. Mandor
----------------------------
Name: Robert A. Mandor
Title: Vice President
/s/ Leonard S. Mandor
-----------------------------
Leonard S. Mandor
/s/ Robert A. Mandor
------------------------------
Robert A. Mandor
Page 13 of 14
<PAGE>
EXHIBIT A
JOINT FILING AGREEMENT
The undersigned hereby agree that the statements on Amendment No. 1 to
Schedule 13G with respect to the shares of common stock, $.01 par value per
share, of Union Property Investors, Inc., dated January , 1997, are, and any
further amendments to Amendment No.1 to Schedule 13G signed by each of the
undersigned shall be, filed on behalf of each of us pursuant to and in
accordance with the provisions of Rule 13d-1(f) under the Securities Exchange
Act of 1934.
Dated: January 31, 1997
CONCORD ASSETS GROUP, INC.
By: /s/ Robert A. Mandor
---------------------------
Name: Robert A. Mandor
Title: President
CONCORD MILESTONE, INCORPORATED
By: /s/ Leonard S. Mandor
----------------------------
Name: Leonard S. Mandor
Title: President
CONCORD FUND INCORPORATED
By: /s/ Leonard S. Mandor
-----------------------------
Name: Leonard S. Mandor
Title: President
CASTLE PLAZA, INC.
By: /s/ Robert A. Mandor
----------------------------
Name: Robert A. Mandor
Title: Vice President
/s/ Leonard S. Mandor
-----------------------------
Leonard S. Mandor
/s/ Robert A. Mandor
-----------------------------
Robert A. Mandor
Page 14 of 14
