<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13d-1(b) (c), and (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
Philips International Realty Corp.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
--------------------------------------------------------------------------------
(Title of Class of Securities)
718333107
----------------------------------
(CUSIP Number)
November 1, 2000
--------------------------------------------------------------------------------
(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)
/X/ Rule 13d-1(c)
/ / Rule 13d-1(d)
(Continued on the following pages)
(Page 1 of 7 Pages)
-----------------------
*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>
CUSIP No. 718333107 Page 2 of 7 Pages
-------------------------------------------------------------------------------
(1) Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
AEW Capital Management, L.P.
-------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) / /
of a Group (See Instructions) (b) / /
-------------------------------------------------------------------------------
(3) SEC Use Only
-------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
Delaware
-------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power
Beneficially 430,650
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting Power
Person With: None
--------------------------------------------------
(7) Sole Dispositive Power
430,650
--------------------------------------------------
(8) Shared Dispositive Power
None
-------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
430,650 shares of Common Stock
-------------------------------------------------------------------------------
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) / /
-------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
5.87%
-------------------------------------------------------------------------------
(12) Type of Reporting Person (See Instructions)
PN
-------------------------------------------------------------------------------
<PAGE>
CUSIP No. 718333107 Page 3 of 7 Pages
-------------------------------------------------------------------------------
(1) Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
AEW Capital Management, Inc.
-------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) / /
of a Group (See Instructions) (b) / /
-------------------------------------------------------------------------------
(3) SEC Use Only
-------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
Massachusetts
-------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power
Beneficially 430,650
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting Power
Person With: None
--------------------------------------------------
(7) Sole Dispositive Power
430,650
--------------------------------------------------
(8) Shared Dispositive Power
None
-------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
430,650 shares of Common Stock
-------------------------------------------------------------------------------
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) / /
-------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
5.87%
-------------------------------------------------------------------------------
(12) Type of Reporting Person (See Instructions)
CO
-------------------------------------------------------------------------------
<PAGE>
STATEMENT ON SCHEDULE 13G
Item 1(a). NAME OF ISSUER:
Philips International Realty Corp.
Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
417 Fifth Avenue
New York, NY 10016
Item 2(a). NAMES OF PERSON FILING:
AEW Capital Management, L.P.
AEW Capital Management, Inc.
Item 2(b). BUSINESS MAILING ADDRESS FOR THE PERSON FILING:
World Trade Center East
Two Seaport Lane
Boston, MA 02110-2021
Item 2(c). CITIZENSHIP:
Delaware for AEW Capital Management, L.P.
Massachusetts for AEW Capital Management, Inc.
Item 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock
Item 2(e). CUSIP NUMBER:
718333107
Item 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR
13d-2(b), CHECK WHETHER THE PERSON FILING IS A:
Not Applicable
Item 4. OWNERSHIP:
(a) Amount Beneficially Owned:
430,650 shares of Common Stock
(b) Percent of Class Owned:
5.87%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
430,650 shares of Common Stock
4 of 7
<PAGE>
(ii) shared power to vote or to direct the vote:
None
(iii) sole power to dispose or to direct the
disposition of:
430,650 shares of Common Stock
(iv) shared power to dispose or to direct the
disposition of:
None
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. CERTIFICATION:
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired
and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of the
securities and were not acquired and are not held in
connection with or as a participant in any transaction having
that purpose or effect.
5 of 7
<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.
Dated: November 13, 2000
AEW CAPITAL MANAGEMENT, L.P.
By: AEW Capital Management, Inc., its
general partner
By: /s/ James J. Finnegan
------------------------------------
Name: James J. Finnegan
Title: Vice President
AEW CAPITAL MANAGEMENT, INC.
By: /s/ James J. Finnegan
------------------------------------
Name: James J. Finnegan
Title: Vice President
6 of 7
