SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported) April 10, 2000
HOMESTEAD VILLAGE INCORPORATED
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(Exact Name of Registrant as Specified in its Charter)
Maryland
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(State or Other Jurisdiction of Incorporation)
1-12269 74-2770966
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(Commission File Number) (I.R.S. Employer Identification No.)
2100 RiverEdge Parkway, Atlanta, Georgia 30328
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(Address of Principal Executive Offices) (Zip Code)
(770) 303-2200
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(Registrant's Telephone Number, Including Area Code)
Not applicable
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(Former name or former address, if changed since last report)
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Item 5. Other Events
On April 10, 2000, Homestead Village Incorporated ("Homestead")
announced that it had engaged a financial advisor to assist a newly created
special committee of the board of directors in evaluating a proposal Homestead
received from Security Capital Group Incorporated to acquire the shares of
Homestead common stock that it does not already own. A copy of this press
release is filed as an exhibit to this report and is incorporated herein by
reference.
Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits.
(a) Financial Statements of Businesses Acquired.
None.
(b) Pro Forma Financial Information.
None.
(c) Exhibits.
99.1 Press Release dated April 10, 2000.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
HOMESTEAD VILLAGE INCORPORATED
Dated: April 10, 2000 By: /s/ James C. Potts
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James C. Potts
President and Chief Operating Officer
EXHIBIT 99.1
FOR IMMEDIATE RELEASE Contact: James Potts
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HOMESTEAD VILLAGE ANNOUNCES ENGAGEMENT
OF STERN STEWART & CO.
ATLANTA (April 10, 2000) -- Homestead Village Incorporated
(NYSE:HSD) today announced that it has formed a special committee of the
Board of Directors to evaluate Security Capital Group Incorporated's
proposal to acquire all of Homestead's outstanding shares of common stock
not already owned by Security Capital. The special committee has engaged
legal counsel and Stern Stewart & Co., as financial advisor, to assist in this
endeavor. No timetable has been adopted by the special committee for a
response to the proposal from Security Capital.
Homestead, based in Atlanta, Georgia, is an owner and operator of 136
extended-stay lodging facilities in 28 states. Focused on the business
traveler, Homestead has developed an operating system designed to ensure a
consistent, high-quality, uniform lodging experience.
For more information about Homestead, see the company's web site at
www.stayhsd.com.
In addition to historical information, this news release contains
forward-looking statements under the federal securities law. These
statements are based on current expectations, estimates and projections
about the industry and markets in which Homestead operate, management's
beliefs and assumptions made by management. Forward-looking statements are
not guarantees of future performance and involve certain risks and
uncertainties that are difficult to predict. Actual operating results may
differ materially from what is expressed or forecasted in this news
release. See "Risk Factors" in Homestead's Annual Reports on Form 10-K for
factors that could affect Homestead's future financial performance.
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