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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
OCTOBER 1, 1999
BEACON CAPITAL PARTNERS, INC.
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(Exact name of registrant as specified in charter)
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<S> <C> <C>
MARYLAND 000-24905 04-3403281
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(State or other jurisdiction (Commission file number) (IRS employer
of incorporation) identification no.)
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ONE FEDERAL STREET, 26TH FLOOR, BOSTON, MASSACHUSETTS, 02110
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (617) 457-0400
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Certain matters discussed in this Current Report on Form 8-K, including
Exhibit 99.1 attached hereto, may constitute forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. The words
"believe," "expect," "anticipate," "intend," "estimate" and other expressions,
which are predictions of or indicate future events and trends and which do not
relate to historical matters, identify forward-looking statements. Although
Beacon Capital Partners, Inc. (the "Company") believes that the expectations
reflected in such forward-looking statements are based upon reasonable
assumptions, the Company can give no assurance that its expectations will be
achieved. Factors that could cause actual results to differ materially from
current expectations include general economic conditions, local real estate
conditions, timely release of occupied square footage upon expiration, interest
rates, availability of equity and debt financing, commitments by additional
limited partners and other risks detailed from time to time in the Company's
filings with the Securities and Exchange Commission.
ITEM 5 - OTHER EVENTS
The Company announced on October 5, 1999 that it completed the initial
closing for Beacon Capital Strategic Partners, L.P., a real estate limited
partnership. A copy of the Company's press release is attached hereto and
incorporated herein in its entirety.
ITEM 7 - FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibits
Exhibit 99.1 - Press Release of Beacon Capital Partners, Inc., dated
October 5, 1999.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
BEACON CAPITAL PARTNERS, INC.
Date: October 13, 1999 By: _______________________________________
-- Randy J. Parker
Senior Vice President and
Chief Financial Officer
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
Exhibit 99.1 - Press Release of Beacon Capital Partners, Inc., dated October 5,
1999.
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Exhibit 99.1
PRESS RELEASE
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BEACON CAPITAL PARTNERS, INC.
One Federal Street
Boston, Massachusetts 02110
(617) 457-0400
Contact: Randy J. Parker NEWS RELEASE
Chief Financial Officer
(617) 457-0470
INITIAL $130 MILLION RAISED TO FUND
BEACON CAPITAL STRATEGIC PARTNERS
BOSTON, October 5, 1999 -- Beacon Capital Partners, Inc. announced today that it
has completed the initial closing for Beacon Capital Strategic Partners, L.P., a
real estate limited partnership, of which a wholly-owned subsidiary of Beacon
Capital Partners is the General Partner. The fund will continue to accept
capital commitments from additional limited partners for an interim time period
and currently expects to meet its funding target of $250 million.
Beacon Capital Partners has committed to invest 20 percent of the total capital
raised with a minimum investment of $50 million. The initial equity commitment
of $130 million includes investments from various endowments, foundations and
other institutional investors.
Beacon Capital Strategic Partners will be the firm's exclusive investment
vehicle for a two-year period. The fund will invest in U.S. domestic real estate
with a primary focus on office properties. The strategy will include
redevelopment, development and other opportunities where Beacon Capital Partners
can maximize value through its operating skills and expertise.
"We believe this fresh initiative will provide substantial leverage and
potential return to our investors," Alan M. Leventhal, Chairman and Chief
Executive Officer of Beacon Capital Partners, stated. "Equally important, it
will enable us to continue to seek out and invest in a solid pipeline of
prospective transactions, continuing to build upon what we believe is an
exceptional platform."
Beacon Capital Partners is based in Boston, Massachusetts with regional offices
in Chicago and Los Angeles. The firm's office properties and development
projects are located in Boston, MA; Cambridge, MA; Dallas, TX; San Francisco,
CA; Seattle, WA; and Sunnyvale, CA.
Certain matters discussed in this press release may constitute
forward-looking statements within the meaning of the Federal securities law.
Although Beacon Capital Partners, Inc. believes that the expectations
reflected in such forward-looking statements are based upon reasonable
assumptions, the company can give no assurance that its expectations will be
achieved. Factors that could cause actual results to differ materially from
current expectations include general economic conditions, local real estate
conditions, timely release of occupied square footage upon expiration,
interest rates, availability of equity and debt financing, commitments by
additional limited partners and other risks detailed from time to time in the
company's filings with the Securities and Exchange Commission.
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