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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Reckson Service Industries, Inc.
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(Name of Issuer)
Shares of Common Stock, par value $0.01 per share
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(Title of Class of Securities)
75621J 10 9
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(CUSIP Number)
September 29, 1999
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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)
/X/ Rule 13d-1(c)
/ / 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 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).
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB control number.
Page 1
879237.3
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CUSIP No. 75621J 10 9 SCHEDULE 13G
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1 Name of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
JAH Realties, L.P.
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2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) / /
(b) / /
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3 SEC Use Only
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4 Citizenship or Place of Organization
New York
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5 Sole Voting Power
NUMBER OF 2,671,093 (See Item 4, below)
SHARES -------------------------------------------------------------
BENEFICIALLY 6 Shared Voting Power
OWNED BY 0
EACH -------------------------------------------------------------
REPORTING 7 Sole Dispositive Power
PERSON WITH: 2,671,093 (See Item 4, below)
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8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
2,671,093 (See Item 4, below)
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) / /
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11 Percent of Class Represented by Amount in Row (9)
9.6%
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12 Type of Reporting Person (See Instructions)
PN
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Page 2
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879237.3
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CUSIP No. 75621J 10 9 SCHEDULE 13G
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1 Name of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
JLH Realty Management Service, Inc.
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2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) / /
(b) / /
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3 SEC Use Only
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4 Citizenship or Place of Organization
New York
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5 Sole Voting Power
NUMBER OF 2,671,335 (See Item 4, below)
SHARES -------------------------------------------------------------
BENEFICIALLY 6 Shared Voting Power
OWNED BY 0
EACH -------------------------------------------------------------
REPORTING 7 Sole Dispositive Power
PERSON WITH: 2,671,335 (See Item 4, below)
-------------------------------------------------------------
8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
2,671,335 (See Item 4, below)
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) / /
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11 Percent of Class Represented by Amount in Row (9)
9.6%
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12 Type of Reporting Person (See Instructions)
CO
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879237.3 Page 3
<PAGE>
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CUSIP No. 75621J 10 9 SCHEDULE 13G
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1 Name of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Veritech Ventures LLC
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2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) / /
(b) / /
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3 SEC Use Only
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4 Citizenship or Place of Organization
New York
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5 Sole Voting Power
NUMBER OF 1,731,597
SHARES -------------------------------------------------------------
BENEFICIALLY 6 Shared Voting Power
OWNED BY 0
EACH -------------------------------------------------------------
REPORTING 7 Sole Dispositive Power
PERSON WITH: 1,731,597
-------------------------------------------------------------
8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
1,731,597
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) / /
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11 Percent of Class Represented by Amount in Row (9)
6.3%
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12 Type of Reporting Person (See Instructions)
OO
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879237.3 Page 4
<PAGE>
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CUSIP No. 75621J 10 9 SCHEDULE 13G
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1 Name of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Jon L. Halpern
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2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) / /
(b) / /
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3 SEC Use Only
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4 Citizenship or Place of Organization
U.S.A.
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5 Sole Voting Power
NUMBER OF 2,672,295 (See Item 4, below)
SHARES -------------------------------------------------------------
BENEFICIALLY 6 Shared Voting Power
OWNED BY 0
EACH -------------------------------------------------------------
REPORTING 7 Sole Dispositive Power
PERSON WITH: 2,672,295 (See Item 4, below)
-------------------------------------------------------------
8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
2,672,295 (See Item 4, below)
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) / /
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11 Percent of Class Represented by Amount in Row (9)
9.6%
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12 Type of Reporting Person (See Instructions)
IN
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879237.3 Page 5
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CUSIP No. 75621J 10 9 SCHEDULE 13G
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This statement on Schedule 13G relates to shares of common stock, $0.01 par
value per share, of Reckson Service Industries, Inc., a Delaware corporation
(the "Issuer") and is filed on behalf of all of the following persons (each, a
"Reporting Person"): JAH Realties, L.P. ("JAH LP"), JLH Realty Management
Service, Inc. ("JLH Inc."), Veritech Ventures LLC ("Veritech") and Jon L.
Halpern ("Mr. Halpern"). Mr. Halpern is the sole stockholder of JLH Inc. JLH
Inc. is the general partner of JAH LP. JAH LP is the managing member of
Veritech.
Item 1(a) Name of Issuer
Reckson Service Industries, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices
10 East 50th Street
New York, New York 10022
Item 2(a) Name of Persons Filing
JAH Realties, L.P.
JLH Realty Management Service, Inc.
Veritech Ventures LLC
Jon L. Halpern
Item 2(b) Address of Principal Business Office or, if none, Residence
The address of the principal place of business of each of the Reporting
Persons is c/o JAH Realties, L.P., 2 Manhattanville Road, Suite 205,
Purchase, New York 10577.
Item 2(c) Citizenship
JAH LP is a New York limited partnership.
JLH Inc. is a New York corporation.
Veritech is a New York limited liability company.
Mr. Halpern is a United States citizen.
Item 2(d) Title of Class of Securities
Shares of Common Stock, par value $0.01 per share.
Item 2(e) CUSIP Number
75621J 10 9
879237.3 Page 6
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CUSIP No. 75621J 10 9 SCHEDULE 13G
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Item 3. If this statement is filed pursuant to ss.ss.240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
Inapplicable.
Item 4. Ownership
See Items (5)-(9) and (11) of the cover pages to this Schedule 13G.
Of the shares of Common Stock of the Issuer beneficially owned by each
of the Reporting Persons, 1,731,597 shares are to be acquired within 60 days of
the date of this Schedule 13G pursuant to a letter agreement dated September 23,
1999, as amended, among JAH LP, Veritech, the Issuer and related parties (the
"Letter Agreement"). In addition, of the shares of Common Stock of the Issuer
beneficially owned by JAH LP, JLH Inc. and Mr. Halpern, 431,551 shares are to be
acquired, possibly within 60 days of the date of this Schedule 13G but in any
event no later than January 14, 2000, subject to certain conditions, pursuant to
the Letter Agreement.
Item 5. Ownership of Five Percent or Less of a Class
Inapplicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Inapplicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company
Inapplicable.
Item 8. Identification and Classification of Members of the Group
Inapplicable.
Item 9. Notice of Dissolution of Group
Inapplicable
Item 10. Certification
By signing below each of the undersigned certifies that, to the best
of his or its knowledge and belief, the securities referred to above
were not acquired and are not held for the purpose of or with the
effect of
879237.3 Page 7
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CUSIP No. 75621J 10 9 SCHEDULE 13G
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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.
879237.3 Page 8
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SIGNATURE
After reasonable inquiry and to the best of his or its knowledge and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete and correct. In addition, each of the undersigned
hereby agrees that this statement is filed on behalf of each of the parties
listed below.
Dated: October 12, 1999
JAH REALTIES, L.P.
By: JLH Realty Management Service, Inc.,
its general partner
By: /s/ Jon L. Halpern
-----------------------------------------
Name: Jon L. Halpern
Title: President
JLH REALTY MANAGEMENT SERVICE, INC.
By: /s/ Jon L. Halpern
----------------------------------------------
Name: Jon L. Halpern
Title: President
VERITECH VENTURES LLC
By: JAH Realties, L.P., its managing member
By: JLH Realty Management Service, Inc.,
its general partner
By: /s/ Jon L. Halpern
------------------------------------
Name: Jon L. Halpern
Title: President
JON L. HALPERN
/s/ Jon L. Halpern
---------------------------------------------------
Jon L. Halpern
879237.3 Page 9
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