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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)
JANUARY 3, 2000
BEACON CAPITAL PARTNERS, INC.
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(Exact name of registrant as specified in charter)
MARYLAND 000-24905 04-3403281
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(State or other jurisdiction (Commission file number) (IRS employer
of incorporation) identification no.)
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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Item 5 - Other Events
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Beacon Capital Partners, Inc. (the "Company") announced on January 3, 2000
that it has declared a distribution. 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
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(c) Exhibits
Exhibit 99.1 - Press Release of Beacon Capital Partners, Inc., dated
January 3, 2000.
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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: January 3, 2000 By: /s/ Randy J. Parker
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Randy J. Parker
Senior Vice President and
Chief Financial Officer
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EXHIBIT INDEX
Exhibit No. Description
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Exhibit 99.1 - Press Release of Beacon Capital Partners, Inc., dated
January 3, 2000.
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Exhibit 99.1
BEACON CAPITAL PARTNERS, INC.
One Federal Street
Boston, Massachusetts 02110
(617) 457-0400
Contact: Randy J. Parker FOR IMMEDIATE RELEASE
Chief Financial Officer
RECORD DATE SET FOR CONTINGENT DISTRIBUTIONS
BOSTON, January 3, 2000 - Beacon Capital Partners, Inc. announced today that it
has set January 5, 2000 as the record date for a distribution to be made to its
unitholders and stockholders of record as of such date. Written materials
describing the distributions will be sent out on January 5, 2000 to unitholders
and stockholders.
The distribution by Beacon will be of interests in a Voting Trust of which an
affiliate of Beacon will serve as trustee. Initially, the assets of the Voting
Trust will consist of all of the shares of preferred stock of Cypress
Communications, Inc. ("Cypress") held by Beacon. Beacon purchased these shares
in 1998 and 1999 for an aggregate amount of approximately $11 million. The
Company currently anticipates making such distributions on January 5, 2000.
Cypress filed a Registration Statement with the Securities and Exchange
Commission on December 3, 1999 in connection with its initial public offering of
shares of its Common Stock.
Certain matters discussed in this announcement may constitute forward-looking
statements within the meaning of the Federal securities laws. 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 assurances that its expectations will be achieved. Factors that
could cause actual results to differ materially from current expectations
include the timing of the actual distribution of the Cypress shares, the ability
of unitholders and stockholders of Beacon Capital Partners to participate in the
proposed distribution of interests, general economic conditions, the financial
condition of the Company and other risks detailed from time to time in the
Company's filings with the Securities and Exchange Commission.
Beacon Capital Partners, Inc., founded in January 1998, is structured as a real
estate investment trust (REIT). The Company is headquartered in Boston and has
regional offices in Chicago and Los Angeles.
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