UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Act of 1934
(Amendment No. 2)*
Pan Pacific Retail Properties Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
69806 L 10 4
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(CUSIP Number)
August 21, 2000
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[_] Rule 13d-1(b)
[_] Rule 13d-1(c)
[X] Rule 13d-1(d)
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* 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 the disclosures provided in a prior cover page.
The information required in 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 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. 69806 L 10 4 13G Page 2 of 4
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1. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Revenue Properties (U.S.), Inc.
98-0082-355
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [X]
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3. S.E.C. USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 5. SOLE VOTING POWER
SHARES 10,808,012(1)
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY -0-
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 10,808,021(2)
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,808,012
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES*
[_]
Not Applicable
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
50.86
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12. TYPE OF REPORTING PERSON
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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(1) Of the 10,818,012 shares beneficially owned by Revenue Properties (U.S.),
Inc., 189,591 shares are held by a wholly-owned subsidiary. Revenue
Properties (U.S.), Inc. and this subsidiary, by agreement dated as of
August 21, 2000, have agreed to vote all of the shares of Pan Pacific
Retail Properties, Inc. owned or controlled by them in favour of a proposed
merger of Western Properties Trust with and into Pan Pacific Retail
Properties, Inc., and have granted an irrevocable proxy to certain officers
of Western Properties Trust to vote these shares in accordance with such
agreement.
(2) 10,133,012 shares of Pan Pacific Retail Properties, Inc. beneficially owned
by Revenue Properties (U.S.), Inc. are pledged as collateral under
outstanding loans.
<PAGE>
CUSIP No. 69806 L 10 4 13G Page 3 of 4
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Item 1(a) Name of Issuer:
Pan Pacific Retail Properties, Inc.
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Item 1(b) Address of Issuer's Principal Executive Offices:
1631-B South Melrose Drive, Vista, California 92083
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Item 2(a) Name of Person Filing:
Revenue Properties (U.S.) Inc.
________________________________________________________________________________
Item 2(b) Address of Principal Business Office, or if None, Residence:
The Colonnade, 131 Bloor Street West, Suite 300, Toronto, Ontario
M5S 1R1
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Item 2(c) Citizenship:
Delaware
________________________________________________________________________________
Item 2(d) Title of Class of Securities:
Common Stock
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Item 2(e) CUSIP Number:
69806 L 10 4
________________________________________________________________________________
Item 3 If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b)
or (c), Check Whether the Person Filing is a: (Not Applicable)
(a) [_] Broker or dealer registered under Section 15 of the Exchange Act;
(b) [_] Bank as defined in Section 3(a)(6) of the Exchange Act;
(c) [_] Insurance company as defined in Section 3(a)(19) of the Exchange
Act;
(d) [_] Investment company registered under Section 8 of the Investment
Company Act;
(e) [_] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
(f) [_] An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
(g) [_] A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G);
(h) [_] A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act;
(i) [_] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act; or
(j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this box. [_]
Item 4 Ownership.
(a) Amount beneficially owned: 10,808,012
(b) Percent of Class: 50.86
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 10,808,012 (1)
(ii) Shared power to vote or to direct the vote -0-
(iii) Sole power to dispose or to direct the disposition of
10,808,012 (2)
(iv) Shared power to dispose or to direct the disposition of -0-
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(1) Of the 10,818,012 shares beneficially owned by Revenue Properties (U.S.),
Inc., 189,591 shares are held by a wholly-owned subsidiary. Revenue
Properties (U.S.), Inc. and this subsidiary, by agreement dated as of
August 21, 2000, have agreed to vote all of the shares of Pan Pacific
Retail Properties, Inc. owned or controlled by them in favour of a proposed
merger of Western Properties Trust with and into Pan Pacific Retail
Properties, Inc., and have granted an irrevocable proxy to certain officers
of Western Properties Trust to vote these shares in accordance with such
agreement.
(2) 10,133,012 shares of Pan Pacific Retail Properties, Inc. beneficially owned
by Revenue Properties (U.S.), Inc. are pledged as collateral under
outstanding loans.
<PAGE>
CUSIP No. 69806 L 10 4 13G Page 4 of 4
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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 Being Reported on by 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 Certifications.
Not Applicable
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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: September 28, 2000
By: /s/ Paul W. Hellen
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Name: Paul W. Hellen
Title: Secretary
Revenue Properties (U.S.), Inc.
