SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(RULE 13d-101)
Information to be Included in
Statements Filed Pursuant to 13d-1(a) and
Amendments Thereto Filed Pursuant to 13d-2(a)
(Amendment No. 1)
BROOKDALE LIVING COMMUNITIES, INC.
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(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE PER SHARE
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(Title of Class of Securities)
112462-10-6
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(CUSIP Number)
Health Partners
54 Thompson Street
New York, New York 10012
Attention: David A. Spuria, Esq.
(212) 965-0800
--------------
(Name, address and telephone number of person
authorized to receive notices and communications)
July 26, 2000
-------------
(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 that 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. [ ]
33560.0021
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<S> <C>
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CUSIP No. 112462 10 6 Page 2 of 12
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------------ --------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
HEALTH PARTNERS
------------ --------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
------------ --------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------ --------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
00 - CONTRIBUTIONS FROM PARTNERS
------------ --------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_|
------------ --------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
BERMUDA
---------------------- --------- ---------------------------------------- -------------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER 0
BENEFICIALLY OWNED
BY EACH REPORTING
PERSON WITH
--------- ---------------------------------------- -------------------------------------------------------
8 SHARED VOTING POWER 5,479,452*
--------- ---------------------------------------- -------------------------------------------------------
9 SOLE DISPOSITIVE POWER 0
--------- ---------------------------------------- -------------------------------------------------------
10 SHARED DISPOSITIVE POWER 5,479,452*
------------ --------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,479,452*
------------ --------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES |_|
------------ --------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
32.1%
------------ --------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
------------ --------------------------------------------------------------------------------------------------------------------
<PAGE>
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CUSIP No. 112462 10 6 Page 3 of 12
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
CAPITAL Z FINANCIAL SERVICES FUND II, L.P.*
------------ --------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
------------ --------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------ --------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
00 - CONTRIBUTIONS FROM PARTNERS
------------ --------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_|
------------ --------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
BERMUDA
---------------------- --------- ---------------------------------------- -------------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER 0
BENEFICIALLY OWNED
BY EACH REPORTING
PERSON WITH
--------- ---------------------------------------- -------------------------------------------------------
8 SHARED VOTING POWER 5,479,452*
--------- ---------------------------------------- -------------------------------------------------------
9 SOLE DISPOSITIVE POWER 0
--------- ---------------------------------------- -------------------------------------------------------
10 SHARED DISPOSITIVE POWER 5,479,452*
------------ --------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,479,452*
------------ --------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES |_|
------------ --------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
32.1%
------------ --------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
------------ --------------------------------------------------------------------------------------------------------------------
* SOLELY IN ITS CAPACITY AS GENERAL PARTNER OF HEALTH PARTNERS.
<PAGE>
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CUSIP No. 112462 10 6 Page 4 of 12
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------------ --------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
CAPITAL Z PARTNERS, L.P.*
------------ --------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
------------ --------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------ --------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
00 - CONTRIBUTIONS FROM PARTNERS
------------ --------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_|
------------ --------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
BERMUDA
---------------------- --------- ---------------------------------------- -------------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER 0
BENEFICIALLY OWNED
BY EACH REPORTING
PERSON WITH
--------- ---------------------------------------- -------------------------------------------------------
8 SHARED VOTING POWER 5,479,452*
--------- ---------------------------------------- -------------------------------------------------------
9 SOLE DISPOSITIVE POWER 0
--------- ---------------------------------------- -------------------------------------------------------
10 SHARED DISPOSITIVE POWER 5,479,452*
------------ --------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,479,452*
------------ --------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES |_|
------------ --------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
32.1%
------------ --------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
------------ --------------------------------------------------------------------------------------------------------------------
* SOLELY IN ITS CAPACITY AS THE SOLE GENERAL PARTNER OF CAPITAL Z FINANCIAL
SERVICES FUND II, L.P.
<PAGE>
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CUSIP No. 112462 10 6 Page 5 of 12
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------------ --------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
CAPITAL Z PARTNERS, LTD.*
------------ --------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
------------ --------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------ --------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
00 - CONTRIBUTIONS FROM PARTNERS
------------ --------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_|
------------ --------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
BERMUDA
---------------------- --------- ---------------------------------------- -------------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER 0
BENEFICIALLY OWNED
BY EACH REPORTING
PERSON WITH
--------- ---------------------------------------- -------------------------------------------------------
8 SHARED VOTING POWER 5,479,452*
--------- ---------------------------------------- -------------------------------------------------------
9 SOLE DISPOSITIVE POWER 0
--------- ---------------------------------------- -------------------------------------------------------
10 SHARED DISPOSITIVE POWER 5,479,452*
------------ --------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,479,452*
------------ --------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES |_|
------------ --------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
32.1%
------------ --------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
------------ --------------------------------------------------------------------------------------------------------------------
* SOLELY IN ITS CAPACITY AS THE SOLE GENERAL PARTNER OF CAPITAL Z PARTNERS, L.P.
</TABLE>
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This Amendment No. 1 ("Amendment") to the Statement on Schedule 13D
filed November 22, 1999 (the "Schedule 13D") is filed jointly by Health
Partners, Capital Z Financial Services Fund II, L.P., Capital Z Partners, L.P.
and Capital Z Partners, Ltd. (the foregoing entities collectively referred to
herein as the "Filing Parties"; individually, a "Filing Party"). This statement
relates to shares of common stock, par value $0.01 per share ("Common Stock"),
of Brookdale Living Communities, Inc., a Delaware corporation (the "Company").
All capitalized terms used but not defined herein have the meanings ascribed to
them in the Schedule 13D.
Item 4. Purpose of Transaction.
Item 4 is hereby amended and supplemented to add the
following:
[See Item 6 below]
Item 6. Contracts, Arrangements, Understandings or Relationships
With Respect to the Securities of the Issuer.
Item 6 is hereby amended and supplemented to add the
following:
On July 26, 2000, Health Partners executed a binding
contribution agreement (the "Contribution Agreement") pursuant to which it
agreed to contribute the Company's $100,000,000 aggregate principal amount of 5
1/2% Convertible Subordinated Note (the "Convertible Note") to Fortress
Brookdale Acquisition LLC ("Purchaser") in exchange for 40.7% of the membership
interests in Purchaser. Pursuant to the Contribution Agreement, the Convertible
Note will be contributed to Purchaser on the date immediately following the
expiration or earlier termination of the Offer (as defined herein). On July 26,
2000, Purchaser entered into an Agreement and Plan of Merger, dated as of July
26, 2000, by and among Fortress Registered Investment Trust ("FRIT"), Purchaser,
FBZ Acquisition Corp. and the Company (the "Merger Agreement") which
contemplated an offer to purchase for cash the outstanding shares of the
Company's Common Stock (not already owned by Purchaser) at $15.25 per share (the
"Offer"). As of August 1, 2000, Purchaser commenced the Offer which is currently
scheduled to expire September 5, 2000. FRIT and Health Partners entered into
Purchaser's Amended and Restated Limited Liability Company Agreement, dated as
of July 26, 2000, by and between Health Partners and FRIT (the "LLC Agreement"),
to establish Purchaser as a separate, stand-alone entity with independent
governance provisions. As described in the LLC Agreement, the parties thereto
have agreed Purchaser will not take any significant action, including any with
respect to the conduct of the Offer and any other transactions contemplated by
the Merger Agreement, without the approval of two-thirds of Purchaser's
Operating Committee (as defined in the LLC Agreement). The Operating Committee
members in accordance with customary fiduciary duty precepts direct the affairs
of Purchaser for the benefit of equity holders taken as a whole rather than for
the benefit of any particular equity holder. Purchaser will make all investment
and voting decisions with respect to the securities of the Company.
6
<PAGE>
Accordingly, the Filing Parties retain shared beneficial
ownership of the shares issuable upon conversion of the Convertible Note until
such date as the Offer expires or otherwise terminates and the Convertible Note
is contributed to Purchaser. At that time, Purchaser shall be the sole
beneficial owner of the shares issuable upon conversion of the Convertible Note
and Health Partners shall own only equity interests in Purchaser.
Item 7. Material to be Filed as Exhibits.
99(f) Agreement and Plan of Merger, dated as of July 26,
2000, by and among Fortress Registered Investment
Trust, Purchaser, FBZ Acquisition Corp. and the
Company.*
99(g) Amended and Restated Limited Liability Company
Agreement of Purchaser, dated as of July 26, 2000, by
and among Purchaser, Fortress Registered Investment
Trust and Health Partners.
99(h) Contribution Agreement, dated as of July 26, 2000, by
and among Purchaser, Fortress Registered Investment
Trust and Health Partners.
* Incorporated by reference to the Company's Current
Report on Form 8-K as filed with the Securities and
Exchange Commission on July 28, 2000.
7
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SIGNATURE
After reasonable 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.
Date: August 28, 2000
HEALTH PARTNERS
By: Capital Z Financial Services Fund II, L.P.,
its General Partner
By: Capital Z Partners, L.P., its General Partner
By: Capital Z Partners, Ltd., its General Partner
By: /s/ David A. Spuria
--------------------------------------------------
David A. Spuria
General Counsel, Vice President of Administration
and Secretary
8
<PAGE>
SIGNATURE
After reasonable 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.
Date: August 28, 2000
CAPITAL Z FINANCIAL SERVICES
FUND II, L.P.
By: Capital Z Partners, L.P., its General Partner
By: Capital Z Partners, Ltd., its General Partner
By: /s/ David A. Spuria
---------------------------------------------------
David A. Spuria
General Counsel, Vice President of Administration
and Secretary
9
<PAGE>
SIGNATURE
After reasonable 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.
Date: August 28, 2000
CAPITAL Z PARTNERS, L.P.
By: Capital Z Partners, Ltd., its General Partner
By: /s/ David A. Spuria
------------------------------------------------
David A. Spuria
General Counsel, Vice President of Administration
and Secretary
10
<PAGE>
SIGNATURE
After reasonable 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.
Date: August 28, 2000
CAPITAL Z PARTNERS, LTD.
By: /s/ David A. Spuria
---------------------------------------------
David A. Spuria
General Counsel, Vice President of Administration
and Secretary
11
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Exhibit Index
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Name of Exhibit
---------------
99(f) Agreement and Plan of Merger, dated as of July 26, 2000, by
and among Fortress Registered Investment Trust, Purchaser, FBZ
Acquisition Corp. and the Company.*
99(g) Amended and Restated Limited Liability Company Agreement of
Purchaser, dated as of July 26, 2000, by and among Purchaser,
Fortress Registered Investment Trust and Health Partners.
99(h) Contribution Agreement, dated as of July 26, 2000, by and
among Purchaser, Fortress Registered Investment Trust and
Health Partners.
* Incorporated by reference to the Company's Current Report on
Form 8-K as filed with the Securities and Exchange Commission
on July 28, 2000.
12
