SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13D
(RULE 13D-101)
(AMENDMENT NO. 1)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
13D-1(A) AND AMENDMENTS THERETO FILED PURSUANT TO 13D-2(A)
BROOKDALE LIVING COMMUNITIES, INC.
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(NAME OF ISSUER)
COMMON STOCK, PAR VALUE $.01 PER SHARE
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(TITLE OF CLASS OF SECURITIES)
112462 10 6
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(CUSIP NUMBER)
Randal A. Nardone
Vice President, Chief Operating Officer and Secretary
Fortress Registered Investment Trust
1301 Avenue of the Americas
New York, New York 10019
(212) 798-6100
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(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON
AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS)
COPY TO:
J. Gregory Milmoe
Skadden, Arps, Slate, Meagher & Flom LLP
Four Times Square
New York, New York 10036
(212) 735-3000
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(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(e), 13d(f) or 13d-1(g),
check the following box |_|.
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CUSIP NO. 112462-10-6 13D PAGE 2 OF 16 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
FORTRESS REGISTERED INVESTMENT TRUST
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC/AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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NUMBER OF 7 SOLE VOTING POWER - 0 -
SHARES ------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER - 0 -
OWNED BY ------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER - 0 -
REPORTING ------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER - 0 -
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 0 -
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
NOT APPLICABLE
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
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14 TYPE OF REPORTING PERSON
OO
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CUSIP NO. 112462-10-6 13D PAGE 3 OF 16 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
FORTRESS INVESTMENT FUND LLC
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |_|
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3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS
NOT APPLICABLE
-------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
-------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER - 0 -
SHARES ------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER - 0 -
OWNED BY ------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER - 0 -
REPORTING ------------------------------------------------------
PERSON WITH 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 |_|
NOT APPLICABLE
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
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CUSIP NO. 112462-10-6 13D PAGE 4 OF 16 PAGES
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-------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
FORTRESS FUND MM LLC
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |_|
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS
NOT APPLICABLE
-------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
-------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER - 0 -
SHARES ------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER - 0 -
OWNED BY ------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER - 0 -
REPORTING ------------------------------------------------------
PERSON WITH 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 |_|
NOT APPLICABLE
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
-------------------------------------------------------------------------------
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CUSIP NO. 112462-10-6 13D PAGE 5 OF 16 PAGES
--------------------- ----------------------
-------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
FORTRESS INVESTMENT GROUP LLC
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |_|
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS
NOT APPLICABLE
-------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
-------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER - 0 -
SHARES ------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER - 0 -
OWNED BY ------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER - 0 -
REPORTING ------------------------------------------------------
PERSON WITH 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 |_|
NOT APPLICABLE
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
-------------------------------------------------------------------------------
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CUSIP NO. 112462-10-6 13D PAGE 6 OF 16 PAGES
--------------------- ----------------------
-------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
FORTRESS INVESTMENT HOLDINGS LLC
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |_|
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS
NOT APPLICABLE
-------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
-------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER - 0 -
SHARES ------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER - 0 -
OWNED BY ------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER - 0 -
REPORTING ------------------------------------------------------
PERSON WITH 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 |_|
NOT APPLICABLE
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
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This Amendment No. 1 ( "Amendment") to the Statement on Schedule
13D dated May 19, 2000 (the "Schedule 13D") filed jointly by Fortress
Registered Investment Trust, a Delaware business trust ("FRIT"), Fortress
Investment Fund LLC, a Delaware limited liability company ("FIF"), Fortress
Fund MM LLC, a Delaware limited liability company ("FFMM"), Fortress
Investment Group LLC, a Delaware limited liability company ("FIG"), and
Fortress Investment Holdings LLC, a Delaware limited liability company
("FIH"; together with FRIT, FIF, FFMM, and FIG, collectively, the
"Reporting Persons"; individually, a "Reporting Person"). 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
"Issuer"). All capitalized terms used but not defined herein have the
meanings ascribed to them in the Schedule 13D.
ITEM 4.
Item 4 is hereby amended and supplemented to add the following:
See response to Item 6.
ITEM 5.
Item 5 (e) is hereby amended and supplemented to add the
following:
As of July 26, 2000, the Reporting Persons ceased to be the
beneficial owners of any shares of the Issuer.
ITEM 6.
Item 6 is hereby amended and supplemented to add the following:
On July 26, 2000, Health Partners and Capital Z Ltd.
("Capital Z") executed a binding contribution agreement (the "Contribution
Agreement") pursuant to which Health Partners agreed to contribute the Company's
$100,000,000 aggregate principal amount of 5 1/2% Convertible Subordinated
Notes (collectively, 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, 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. As described in Purchaser's Amended and Restated Limited
Liability Company Agreement, dated as of July 26, 2000, by and between the
Fortress, Purchaser, Health Partners and Capital Z (the "LLC Agreement"),
the parties thereto have agreed Purchaser will operate as a separate,
stand-alone entity with independent governance provisions, and 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.
Accordingly, as of July 26, 2000, the Reporting Persons
ceased to be the beneficial owners of any shares of the Issuer.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
1.4 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.
1.5 Contribution Agreement, dated as of July 26, 2000, by and
among Purchaser, Fortress Registered Investment Trust and
Health Partners.
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.
August 29, 2000
FORTRESS REGISTERED INVESTMENT TRUST
By: /s/ Randal A. Nardone
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Randal A. Nardone
as Vice President, Chief Operating Officer and
Secretary
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.
August 29, 2000
FORTRESS INVESTMENT FUND LLC
By: /s/ Randal A. Nardone
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Randal A. Nardone
as Chief Operating Officer and Secretary of
Fortress Fund MM LLC, managing member of
Fortress Investment Fund LLC
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.
August 29, 2000
FORTRESS FUND MM LLC
By: /s/ Randal A. Nardone
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Randal A. Nardone
as Chief Operating Officer and Secretary
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.
August 29, 2000
FORTRESS INVESTMENT GROUP LLC
By: /s/ Randal A. Nardone
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Randal A. Nardone
as Chief Operating Officer
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.
August 29, 2000
FORTRESS INVESTMENT HOLDINGS LLC
By: /s/ Randal A. Nardone
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Randal A. Nardone
as Manager
