SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
UNDER THE SECURITIES AND EXCHANGE ACT OF 1934
EQUITY ONE, INC.
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(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE
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(Title of Class of Securities)
294752100
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(CUSIP Number)
DECEMBER 31, 1998
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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)
*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 ("Act") 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 1 of 12 Pages
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CUSIP NO. 294752100 SCHEDULE 13G PAGE 2 OF 11 PAGES
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
CHAIM KATZMAN
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
ISRAEL
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NUMBER OF 5 SOLE VOTING POWER 296,990(1)
SHARES --------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER 6,126,913(1)
OWNED BY --------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER 296,990(1)
REPORTING --------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER 6,126,913(1)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,423,903
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
57.1%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) See Item 4 herein.
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CUSIP NO. 294752100 SCHEDULE 13G PAGE 3 OF 11 PAGES
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
M.G.N. (USA), INC.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
NEVADA
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NUMBER OF 5 SOLE VOTING POWER 2,534,500(1)
SHARES --------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER 0
OWNED BY --------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER 2,534,500(1)
REPORTING --------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER 0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,534,500
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
23.8%(1)
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12 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) See Item 4 herein.
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CUSIP NO. 294752100 SCHEDULE 13G PAGE 4 OF 11 PAGES
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
GAZIT (1995), INC.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
NEVADA
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NUMBER OF 5 SOLE VOTING POWER 2,370,069(1)
SHARES --------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER 0
OWNED BY --------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER 2,370,069(1)
REPORTING --------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER 0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,370,069
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
22.2%(1)
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12 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) See Item 4 herein.
<PAGE>
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CUSIP NO. 294752100 SCHEDULE 13G PAGE 5 OF 11 PAGES
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
GLOBE REIT INVESTMENTS, LTD.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
ISRAEL
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NUMBER OF 5 SOLE VOTING POWER 3,594,500(1)
SHARES --------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER 0
OWNED BY --------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER 3,594,500(1)
REPORTING --------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER 0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,594,500
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
[ ](2)
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
33.8%(1)
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12 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) See Item 4 herein.
<PAGE>
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CUSIP NO. 294752100 SCHEDULE 13G PAGE 6 OF 11 PAGES
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ITEM 1(A). NAME OF ISSUER.
Equity One, Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES.
1600 N.E. Miami Gardens Drive, Suite 200
North Miami Beach, FL 33179
ITEM 2(A). NAME OF PERSON FILING.
This statement is filed on behalf of Chaim Katzman, an
individual, M.G.N. (USA), Inc., a Nevada corporation, Gazit
(1995), Inc., a Nevada corporation and Globe Reit Investments,
Ltd., an Israeli corporation (each, a "Reporting Person," and
collectively, the "Reporting Persons").
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE.
The address of the principal business office for each
Reporting Person is:
1600 N.E. Miami Gardens Drive, Suite 200
North Miami Beach, FL 33179
ITEM 2(C). CITIZENSHIP.
Chaim Katzman is a citizen of Israel.
Each of M.G.N. (USA), Inc. and Gazit (1995), Inc. was
organized under the laws of the State of Nevada. Globe Reit
Investments, Ltd. was organized under the laws of Israel.
ITEM 2(D). TITLE OF CLASS OF SECURITIES.
Common Stock, par value $.01 per share
ITEM 2(E). CUSIP NUMBER.
294752100
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B),
OR 13D-2(B) OR (C), IDENTIFY THE STATUS OF THE PERSON FILING.
Not applicable.
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CUSIP NO. 294752100 SCHEDULE 13G PAGE 7 OF 11 PAGES
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ITEM 4. OWNERSHIP.
<TABLE>
<CAPTION>
AMOUNT
REPORTING PERSON BENEFICIALLY OWNED(1) PERCENT OF CLASS(1)
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<S> <C> <C>
Chaim Katzman 6,423,903(2) 57.1%
M.G.N. (USA), Inc. 2,534,500(3) 23.8%
Gazit (1995), Inc. 2,370,069(4) 22.2%
Globe Reit Investments, Ltd. 3,594,500(5) 33.8%
</TABLE>
<TABLE>
<CAPTION>
POWER TO VOTE POWER TO DISPOSE
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REPORTING PERSON SOLE SHARED SOLE SHARED
- --------------------------------------- ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C>
Chaim Katzman 296,990 6,126,913(2) 296,990 6,126,913(2)
M.G.N. (USA), Inc. 2,534,500(3) 0 2,534,500(3) 0
Gazit (1995), Inc. 2,370,069(4) 0 2,370,069(4) 0
Globe Reit Investments, Ltd. 3,594,500(5) 0 3,594,500(5) 0
</TABLE>
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(1) Calculated on the basis of 10,238,528 shares of Common Stock
outstanding on December 31, 1998.
(2) Includes (i) 2,135,740 shares owned by M.G.N. (USA), Inc., (ii)
1,924,833 shares owned by Gazit (1995), Inc., (iii) 1,060,000 shares
owned by Globe Reit Investments, Ltd., (iv) 100,000 shares of Common
Stock issuable upon the exercise of options granted to Mr. Katzman
under the 1995 Stock Option Plan, which options are currently
exercisable, (v) 398,760 shares of Common Stock issuable upon the
exercise of presently exercisable warrants to purchase Common Stock
owned by M.G.N. (USA), Inc., (vi) 445,336 shares of Common Stock
issuable upon the exercise of presently exercisable warrants to
purchase Common Stock held by Gazit (1995), Inc. and (vii) 62,344
shares of Common Stock issuable to Mr. Katzman as custodian for his
minor children upon exercisable warrants to purchase Common Stock. Mr.
Katzman is President of each of M.G.N. (USA) Inc. and Gazit (1995),
Inc. and a director of Globe Reit Investments, Ltd.
(3) Includes 398,760 shares of Common Stock issuable upon the exercise of
presently exercisable warrants to purchase Common Stock.
(4) Includes 445,236 shares of Common Stock issuable upon the exercise of
presently exercisable warrants to purchase Common Stock.
(5) Includes (i) 2,135,740 shares owned by M.G.N. (USA), Inc., a
wholly-owned subsidiary of Globe Reit Investments, Ltd. and (ii)
398,760 shares of Common Stock issuable upon the exercise of presently
exercisable warrants to purchase Common Stock owned by M.G.N. (USA),
Inc.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
If this Statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following. [ ]
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON.
Not applicable.
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CUSIP NO. 294752100 SCHEDULE 13G PAGE 8 OF 11 PAGES
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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.
See Exhibit A hereto.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATION.
Not Applicable.
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CUSIP NO. 294752100 SCHEDULE 13G PAGE 9 OF 11 PAGES
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SIGNATURES
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.
February 12, 1999 /S/ CHAIM KATZMAN
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CHAIM KATZMAN
M.G.N. (USA), INC.,
a Nevada corporation
By: /S/ CHAIM KATZMAN
-------------------------------------
Chaim Katzman, President
GAZIT (1995), INC.,
a Nevada corporation
By: /S/ CHAIM KATZMAN
-------------------------------------
Chaim Katzman, President
GLOBE REIT INVESTMENTS, LTD.,
a Israeli corporation
By: /S/ CHAIM KATZMAN
-------------------------------------
Chaim Katzman, Director
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CUSIP NO. 294752100 SCHEDULE 13G PAGE 10 OF 11 PAGES
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EXHIBIT A
THE MEMBERS OF THE GROUP
Chaim Katzman, an individual
M.G.N. (USA), Inc., a Nevada corporation
Gazit (1995), Inc., a Nevada corporation
Globe Reit Investments, Ltd., an Israeli corporation
The principal place of business for each member of the group is 1600
N.E. Miami Gardens Drive, North Miami Beach, Florida 33179.
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CUSIP NO. 294752100 SCHEDULE 13G PAGE 11 OF 11 PAGES
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EXHIBIT B
THE MEMBERS OF THE GROUP
Pursuant to Rule 13d-1(k)(1), the undersigned hereby consent to the
joint filing of a single statement on their behalf.
February 12, 1999 /S/ CHAIM KATZMAN
-----------------------------------------
CHAIM KATZMAN
M.G.N. (USA), INC.,
a Nevada corporation
By: /S/ CHAIM KATZMAN
-------------------------------------
Chaim Katzman, President
GAZIT (1995), INC.,
a Nevada corporation
By: /S/ CHAIM KATZMAN
-------------------------------------
Chaim Katzman, President
GLOBE REIT INVESTMENTS, LTD.,
a Israeli corporation
By: /S/ CHAIM KATZMAN
-------------------------------------
Chaim Katzman, Director
