SPIEKER PROPERTIES L P
424B3, 1996-07-23
REAL ESTATE INVESTMENT TRUSTS
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<PAGE>   1
Pricing Supplement Dated July 16, 1996                            Rule 424(b)(3)
No. 1                                                        File No. 33 - 98372
(To Prospectus Supplement dated June 20, 1996               File No. 333 - 04299
to Prospectus dated June 20, 1996)


                            SPIEKER PROPERTIES, L.P.

                     Medium-Term Notes Due From Nine Months
                           or More From Date of Issue


Fixed Rate                                           Principal Amount
                                                     US $25,000,000

<TABLE>
- ------------------------------------------------------------------------------------------------------------------
<S>                                    <C>                                 <C>
Trade Date: July 16, 1996              Original Issue Date: July 19, 1996                        Interest Rate: 8%

Issue Price: 100% of Principal Amount  Stated Maturity: July 19, 2005                Regular Record Dates: _______
                                                                           (If other than December 31 and June 30)

Selling Agent's Discount                                                           Interest Payment Dates: _______
 or Commission: $150,000 (.6%)                                              (If other than January 15 and July 15)

Net Proceeds to Company: $24,850,000

- ------------------------------------------------------------------------------------------------------------------
</TABLE>
Form:

         /X/  Book-Entry

         / /  Definitive

Redemption:

         /X/  The Note may not be redeemed prior to Stated Maturity

         / /  The Note may be redeemed prior to Stated Maturity

     Initial Redemption Date:  N/A
     Initial Redemption Percentage:  N/A
     Annual Redemption Percentage Reduction:  N/A
     Make-Whole Amount Applicable (Y/N):  N/A

Repayment:

         /X/  The Note may not be repaid prior to Stated Maturity

         / /  The Note may be repaid prior to Stated Maturity at
              the option of the holder of the Note

     Optional Repayment Date(s):  N/A
     Optional Repayment Price:  N/A

     Original Discount Note:   / / Yes  /X/ No
         Total Amount of OID:  N/A
         Yield to Maturity:  N/A
         Initial Accrual Period:  N/A

Agent:   Merrill Lynch & Co.

Other/Additional Provisions:  NONE

        Terms are not completed for certain items above either because such
items are not applicable or because the terms are as specified in the
Prospectus.
<PAGE>   2
Pricing Supplement Dated July 16, 1996                            Rule 424(b)(3)
No. 2                                                        File No. 33 - 98372
(To Prospectus Supplement dated June 20, 1996               File No. 333 - 04299
to Prospectus dated June 20, 1996)

                            SPIEKER PROPERTIES, L.P.

                     Medium-Term Notes Due From Nine Months
                           or More From Date of Issue

Fixed Rate                                             Principal Amount
                                                         US $25,000,000

<TABLE>
- --------------------------------------------------------------------------------------------------------------------
<S>                                     <C>                                  <C>                      
Trade Date:  July 16, 1996              Original Issue Date:  July 19, 1996                       Interest Rate:  8%
                                                                              
Issue Price:  100% of Principal Amount  Stated Maturity:  July 19, 2005               Regular Record Dates:  _______
                                                                             (If other than December 31 and June 30)
                                                                              
Selling Agent's Discount                                                            Interest Payment Dates:  _______
 or Commission:  $150,000 (.6%)                                               (If other than January 15 and July 15)
                                                                              
Net Proceeds to Company:  $24,850,000                                        

- --------------------------------------------------------------------------------------------------------------------
</TABLE>

Form:

         /X/  Book-Entry

         / /  Definitive

Redemption:

         /X/  The Note may not be redeemed prior to Stated Maturity

         / /  The Note may be redeemed prior to Stated Maturity

     Initial Redemption Date:  N/A
     Initial Redemption Percentage:  N/A
     Annual Redemption Percentage Reduction:  N/A
     Make-Whole Amount Applicable (Y/N):  N/A

Repayment:

         /X/  The Note may not be repaid prior to Stated Maturity

         / /  The Note may be repaid prior to Stated Maturity at
              the option of the holder of the Note

     Optional Repayment Date(s):  N/A
     Optional Repayment Price:  N/A

     Original Discount Note:   / / Yes  /X/ No
         Total Amount of OID:  N/A
         Yield to Maturity:  N/A
         Initial Accrual Period:  N/A

Agent:   Dean Witter Reynolds, Inc.

Other/Additional Provisions:  NONE

        Terms are not completed for certain items above either because such
items are not applicable or because the terms are as specified in the
Prospectus.
<PAGE>   3
Pricing Supplement Dated July 16, 1996                            Rule 424(b)(3)
No. 3                                                        File No. 33 - 98372
(To Prospectus Supplement dated June 20, 1996               File No. 333 - 04299
to Prospectus dated June 20, 1996)

                            SPIEKER PROPERTIES, L.P.

                     Medium-Term Notes Due From Nine Months
                           or More From Date of Issue

Fixed Rate                                            Principal Amount
                                                      US $25,000,000

<TABLE>
- -----------------------------------------------------------------------------------------------------------------------
<S>                                       <C>                                   <C>
Trade Date:  July 16, 1996                Original Issue Date:  July 19, 1996                        Interest Rate:  8%

Issue Price:  100% of Principal Amount    Stated Maturity:  July 19, 2005                Regular Record Dates:  _______
                                                                                (If other than December 31 and June 30)

Selling Agent's Discount                                                               Interest Payment Dates:  _______
 or Commission:  $150,000 (.6%)                                                  (If other than January 15 and July 15)

Net Proceeds to Company:  $24,850,000

- -----------------------------------------------------------------------------------------------------------------------
</TABLE>

Form:

         /X/  Book-Entry

         / /  Definitive

Redemption:

         /X/  The Note may not be redeemed prior to Stated Maturity

         / /  The Note may be redeemed prior to Stated Maturity

     Initial Redemption Date:  N/A
     Initial Redemption Percentage:  N/A
     Annual Redemption Percentage Reduction:  N/A
     Make-Whole Amount Applicable (Y/N):  N/A

Repayment:

         /X/  The Note may not be repaid prior to Stated Maturity

         / /  The Note may be repaid prior to Stated Maturity at
              the option of the holder of the Note

     Optional Repayment Date(s):  N/A
     Optional Repayment Price:  N/A

     Original Discount Note:   / / Yes  /X/ No
         Total Amount of OID:  N/A
         Yield to Maturity:  N/A
         Initial Accrual Period:  N/A

Agent:   Goldman, Sachs & Co.

Other/Additional Provisions:  NONE

        Terms are not completed for certain items above either because such
items are not applicable or because the terms are as specified in the
Prospectus.
<PAGE>   4
Pricing Supplement Dated July 16, 1996                            Rule 424(b)(3)
No. 4                                                        File No. 33 - 98372
(To Prospectus Supplement dated June 20, 1996               File No. 333 - 04299
to Prospectus dated June 20, 1996)

                            SPIEKER PROPERTIES, L.P.

                     Medium-Term Notes Due From Nine Months
                           or More From Date of Issue

Fixed Rate                                            Principal Amount
                                                      US $25,000,000

<TABLE>
- -----------------------------------------------------------------------------------------------------------------------
<S>                                       <C>                                   <C>
Trade Date:  July 16, 1996                Original Issue Date:  July 19, 1996                        Interest Rate:  8%

Issue Price:  100% of Principal Amount    Stated Maturity:  July 19, 2005                Regular Record Dates:  _______
                                                                                (If other than December 31 and June 30)

Selling Agent's Discount                                                               Interest Payment Dates:  _______
 or Commission:  $150,000 (.6%)                                                  (If other than January 15 and July 15)

Net Proceeds to Company:  $24,850,000

- -----------------------------------------------------------------------------------------------------------------------
</TABLE>

Form:

         /X/  Book-Entry

         / /  Definitive

Redemption:

         /X/  The Note may not be redeemed prior to Stated Maturity

         / /  The Note may be redeemed prior to Stated Maturity

     Initial Redemption Date:  N/A
     Initial Redemption Percentage:  N/A
     Annual Redemption Percentage Reduction:  N/A
     Make-Whole Amount Applicable (Y/N):  N/A

Repayment:

         /X/  The Note may not be repaid prior to Stated Maturity

         / /  The Note may be repaid prior to Stated Maturity at
              the option of the holder of the Note

     Optional Repayment Date(s):  N/A
     Optional Repayment Price:  N/A

     Original Discount Note:   / / Yes  /X/ No
         Total Amount of OID:  N/A

         Yield to Maturity:  N/A
         Initial Accrual Period:  N/A

Agent:   J.P. Morgan & Co.

Other/Additional Provisions:  NONE

        Terms are not completed for certain items above either because such
items are not applicable or because the terms are as specified in the
Prospectus.
<PAGE>   5
Pricing Supplement Dated July 17, 1996                            Rule 424(b)(3)
No. 5                                                          File No. 33-98372
(To Prospectus Supplement dated June 20, 1996                 File No. 333-04299
to Prospectus dated June 20, 1996)

                            SPIEKER PROPERTIES, L.P.

                     Medium-Term Notes Due From Nine Months
                           or More From Date of Issue

Fixed Rate                                                      Principal Amount
                                                                  US $24,500,000

<TABLE>
<S>                                       <C>                                   <C>
- -----------------------------------------------------------------------------------------------------------------------
Trade Date:  July 17, 1996                Original Issue Date:  July 22, 1996                     Interest Rate:  7.58%

Issue Price:  100% of Principal Amount    Stated Maturity:  December 17, 2001            Regular Record Dates:  _______
                                                                                (If other than December 31 and June 30)

Selling Agent's Discount                                                               Interest Payment Dates:  _______
 or Commission:  $122,500 (.5%)                                                  (If other than January 15 and July 15)

Net Proceeds to Company:  $24,377,500

- -----------------------------------------------------------------------------------------------------------------------
</TABLE>

Form:

         /X/  Book-Entry

         / /  Definitive

Redemption:

         /X/  The Note may not be redeemed prior to Stated Maturity

         / /  The Note may be redeemed prior to Stated Maturity

     Initial Redemption Date:  N/A
     Initial Redemption Percentage:  N/A
     Annual Redemption Percentage Reduction:  N/A
     Make-Whole Amount Applicable (Y/N):  N/A

Repayment:

         /X/  The Note may not be repaid prior to Stated Maturity

         / /  The Note may be repaid prior to Stated Maturity at
              the option of the holder of the Note

     Optional Repayment Date(s):  N/A
     Optional Repayment Price:  N/A

     Original Discount Note:   / / Yes  /X/ No
         Total Amount of OID:  N/A
         Yield to Maturity:  N/A
         Initial Accrual Period:  N/A

Agents:  Goldman, Sachs & Co.

Other/Additional Provisions:  NONE

        Terms are not completed for certain items above either because such
items are not applicable or because the terms are as specified in the
Prospectus.
<PAGE>   6
Pricing Supplement Dated July 17, 1996                            Rule 424(b)(3)
No. 6                                                          File No. 33-98372
(To Prospectus Supplement dated June 20, 1996                 File No. 333-04299
to Prospectus dated June 20, 1996)

                            SPIEKER PROPERTIES, L.P.

                     Medium-Term Notes Due From Nine Months
                           or More From Date of Issue

Fixed Rate                                                      Principal Amount
                                                                  US $18,500,000

<TABLE>
<S>                                       <C>                                   <C>
- -----------------------------------------------------------------------------------------------------------------------
Trade Date:  July 17, 1996                Original Issue Date:  July 22, 1996                     Interest Rate:  7.58%

Issue Price:  100% of Principal Amount    Stated Maturity:  December 17, 2001            Regular Record Dates:  _______
                                                                                (If other than December 31 and June 30)

Selling Agent's Discount                                                               Interest Payment Dates:  _______
 or Commission:  $92,500 (.5%)                                                   (If other than January 15 and July 15)

Net Proceeds to Company:  $18,407,500

- -----------------------------------------------------------------------------------------------------------------------
</TABLE>



Form:

         /X/  Book-Entry

         / /  Definitive

Redemption:

         /X/  The Note may not be redeemed prior to Stated Maturity

         / /  The Note may be redeemed prior to Stated Maturity

     Initial Redemption Date:  N/A
     Initial Redemption Percentage:  N/A
     Annual Redemption Percentage Reduction:  N/A
     Make-Whole Amount Applicable (Y/N):  N/A

Repayment:

         /X/  The Note may not be repaid prior to Stated Maturity

         / /  The Note may be repaid prior to Stated Maturity at
              the option of the holder of the Note

     Optional Repayment Date(s):  N/A
     Optional Repayment Price:  N/A

     Original Discount Note:   / / Yes  /X/ No
         Total Amount of OID:  N/A
         Yield to Maturity:  N/A
         Initial Accrual Period:  N/A

Agents:  Merrill Lynch & Co.

Other/Additional Provisions:  NONE

        Terms are not completed for certain items above either because such
items are not applicable or because the terms are as specified in the
Prospectus.
<PAGE>   7
Pricing Supplement Dated July 17, 1996                            Rule 424(b)(3)
No. 7                                                          File No. 33-98372
(To Prospectus Supplement dated June 20, 1996                 File No. 333-04299
to Prospectus dated June 20, 1996)

                            SPIEKER PROPERTIES, L.P.

                     Medium-Term Notes Due From Nine Months
                           or More From Date of Issue

Fixed Rate                                                      Principal Amount
                                                                   US $7,000,000

<TABLE>
<S>                                       <C>                                   <C>
- -----------------------------------------------------------------------------------------------------------------------
Trade Date:  July 17, 1996                Original Issue Date:  July 22, 1996                     Interest Rate:  7.58%

Issue Price:  100% of Principal Amount    Stated Maturity:  December 17, 2001            Regular Record Dates:  _______
                                                                                (If other than December 31 and June 30)

Selling Agent's Discount                                                               Interest Payment Dates:  _______
 or Commission:  $35,000 (.5%)                                                   (If other than January 15 and July 15)

Net Proceeds to Company:  $6,965,000

- -----------------------------------------------------------------------------------------------------------------------
</TABLE>

Form:

         /X/  Book-Entry

         / /  Definitive

Redemption:

         /X/  The Note may not be redeemed prior to Stated Maturity

         / /  The Note may be redeemed prior to Stated Maturity

     Initial Redemption Date:  N/A
     Initial Redemption Percentage:  N/A
     Annual Redemption Percentage Reduction:  N/A
     Make-Whole Amount Applicable (Y/N):  N/A

Repayment:

         /X/  The Note may not be repaid prior to Stated Maturity

         / /  The Note may be repaid prior to Stated Maturity at
              the option of the holder of the Note

     Optional Repayment Date(s):  N/A
     Optional Repayment Price:  N/A

     Original Discount Note:   / / Yes  /X/ No
         Total Amount of OID:  N/A
         Yield to Maturity:  N/A
         Initial Accrual Period:  N/A

Agents:  J.P. Morgan & Co.

Other/Additional Provisions:  NONE

        Terms are not completed for certain items above either because such
items are not applicable or because the terms are as specified in the
Prospectus.


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