CUSIP No. Not Applicable
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(RULE 13D-101)
UNDER THE SECURITIES AND EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
JMB Income Properties Limited V
(Name of issuer)
Limited Partnership Units
(Title of class of securities)
Not Applicable
(CUSIP number)
Eggert Dagbjartsson
c/o Equity Resources Group, Incorporated, 14 Story Street,
Cambridge, Massachusetts 02138 (617) 876-4800
(Name, address and telephone number of person
authorized to receive notices and communications)
APRIL 14, 1997
(Date of event which requires filing of this statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
NOTE: Six copies of this statement, including all exhibits, should be
filed with the Commission. See Rule 13d-1(a) for other parties to whom copies
are to be sent.
____________________
*The remainder of this cover page shall be filed 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 on 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).
(Continued on following page(s))
<PAGE>
1. NAMES AND IDENTIFICATION NO. OF REPORTING PERSONS:
Equity Resources Group, Incorporated I.R.S.# 04-2723870
Equity Resource Bay Fund Limited Partnership I.R.S.# 04-3293645
Equity Resource Fund XV Limited Partnership I.R.S.# 04-3182947
Equity Resource Fund XVI Limited Partnership I.R.S.# 04-3223091
Equity Resource Fund XVII Limited Partnership I.R.S.# 04-3274114
Mark S. Thompson
Eggert Dagbjartsson
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(A)[ ]
(B)[ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS (SEE INSTRUCTIONS)
WC $317,346.00
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(D) OR 2(E) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Equity Resources Group, Incorporated is a Massachusetts corporation.
Equity Resource Bay Fund is a Massachusetts limited partnership.
Equity Resource Fund XV Limited Partnership is a Massachusetts
limited partnership.
Equity Resource Fund XVI Limited Partnership is a Massachusetts
limited partnership.
Equity Resource Fund XVII Limited Partnership is a Massachusetts
limited partnership.
Mark S. Thompson is a United States citizen.
Eggert Dagbjartsson is a United States citizen.
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH:
7. SOLE VOTING POWER
353.75 Units are held by Equity Resource Bay Fund Limited
Partnership, a Massachusetts limited partnership, of which Equity
Resources Group, Incorporated is the sole general partner (the "Bay
Fund General Partner"). The Bay Fund General Partner as a reporting
person in its capacity as general partner of such limited
partnership has sole voting power with respect to such Units.
<PAGE>
8. SHARED VOTING POWER
316.5 Units are held by Equity Resource Fund XV Limited Partnership,
a Massachusetts limited partnership, of which Equity Resources
Group, Incorporated and Mark S. Thompson are the general partners
(the "Fund XV General Partners"). Voting power with respect to such
Units is shared by the Fund XV General Partners as reporting persons
in their capacities as general partners of such limited partnership.
30 Units are held by Equity Resource Fund XVI Limited Partnership, a
Massachusetts limited partnership, of which Equity Resources Group,
Incorporated and Mark S. Thompson are the general partners (the
"Fund XVI General Partners"). Voting power with respect to such
Units is shared by the Fund XVI General Partners as reporting
persons in their capacities as general partners of such limited
partnership.
1,934 Units are held by Equity Resource Fund XVII Limited
Partnership, a Massachusetts limited partnership, of which Equity
Resources Group, Incorporated and Eggert Dagbjartsson are the
general partners (the "Fund XVII General Partners"). Voting power
with respect to such Units is shared by the Fund XVII General
Partners as reporting persons in their capacities as general
partners of such limited partnership.
See Item 2 below for other required information.
9. SOLE DISPOSITIVE POWER
353.75 Units are held by Equity Resource Bay Fund Limited
Partnership, a Massachusetts limited partnership. The Bay Fund
General Partner as a reporting person in its capacity as general
partner of such limited partnership has sole dispositive power with
respect to such Units.
10. SHARED DISPOSITIVE POWER
316.5 Units are held by Equity Resource Fund XV Limited Partnership,
a Massachusetts limited partnership. Dispositive power with respect
to such Units is shared by the Fund XV General Partners as reporting
persons in their capacities as general partners of such limited
partnership.
30 Units are held by Equity Resource Fund XVI Limited Partnership, a
Massachusetts limited partnership. Dispositive power with respect to
such Units is shared by the Fund XVI General Partners as reporting
persons in their capacities as general partners of such limited
partnership.
<PAGE>
1,934 Units are held by Equity Resource Fund XVII Limited
Partnership, a Massachusetts limited partnership. Dispositive power
with respect to such Units is shared by the Fund XVII General
Partners as reporting persons in their capacities as general
partners of such limited partnership.
See Item 2 below for other required information.
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
353.75 Units are held by Equity Resource Bay Fund Limited Partnership,
a Massachusetts limited partnership, of which the reporting person Equity
Resources Group, Incorporated is the sole general partner.
316.5 Units are held by Equity Resource Fund XV Limited Partnership, a
Massachusetts limited partnership, of which the reporting persons Equity
Resources Group, Incorporated and Mark S. Thompson are the general
partners.
30 Units are held by Equity Resource Fund XVI Limited Partnership, a
Massachusetts limited partnership, of which the reporting persons Equity
Resources Group, Incorporated and Mark S. Thompson are the general
partners.
1,934 Units are held by Equity Resource Fund XVII Limited Partnership, a
Massachusetts limited partnership, of which the reporting persons Equity
Resources Group, Incorporated and Eggert Dagbjartsson are general
partners.
See Item 2 below for other required information.
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.9% is held by Equity Resource Bay Fund Limited Partnership, a
Massachusetts limited partnership, of which the reporting person Equity
Resources Group, Incorporated is the sole general partner.
0.8% is held by Equity Resource Fund XV Limited Partnership, a
Massachusetts limited partnership, of which the reporting persons Equity
Resources Group, Incorporated and Mark S. Thompson are the general
partners.
0.1% is held by Equity Resource Fund XVI Limited Partnership, a
Massachusetts limited partnership, of which the reporting persons Equity
Resources Group, Incorporated and Mark S. Thompson are the general
partners.
<PAGE>
5.0% is held by Equity Resource Fund XVII Limited Partnership, a
Massachusetts limited partnership, of which the reporting persons Equity
Resources Group, Incorporated and Eggert Dagbjartsson are general
partners.
See Item 2 below for other required information.
14. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
Equity Resources Group, Incorporated CO
Equity Resource Bay Fund Limited Partnership PN
Equity Resource Fund XV Limited Partnership PN
Equity Resource Fund XVI Limited Partnership PN
Equity Resource Fund XVII Limited Partnership PN
Mark S. Thompson IN
Eggert Dagbjartsson IN
Item 1. Security and Issuer
This statement relates to certain limited partnership units (the "Units")
of JMB Income Properties V, a limited partnership with its principal executive
office at 900 North Michigan Avenue, Chicago, IL 60611-1575.
Item 2. Identity and Background.
(a) The names of the persons filing this statement are Equity Resources
Group, Incorporated, a Massachusetts corporation, Equity Resource Bay Fund
Limited Partnership, a Massachusetts limited partnership, Equity Resource Fund
XV Limited Partnership, a Massachusetts limited partnership, Equity Resource
Fund XVI Limited Partnership, a Massachusetts limited partnership, Equity
Resource Fund XVII Limited Partnership, a Massachusetts limited partnership,
Mark S. Thompson, and Eggert Dagbjartsson, respectively. Equity Resources
Group, Incorporated is the sole general partner of Equity Resource Bay Fund
Limited Partnership. Equity Resources Group, Incorporated and Mark S. Thompson
are the general partners of Equity Resource Fund XV Limited Partnership and
Equity Resource Fund XVI Limited Partnership. Equity Resources Group,
Incorporated and Eggert Dagbjartsson are the general partners of Equity
Resource Fund XVII Limited Partnership. This statement on Schedule 13D is filed
on behalf of all such reporting persons. The executive officers and directors
of Equity Resources Group, Incorporated are James E. Brooks, Chairman of the
Board of Directors and Director, Mark S. Thompson, President and Director, and
Eggert Dagbjartsson, Executive Vice President and Director.
(b) The business address of each of Equity Resources Group, Incorporated,
Equity Resource Bay Fund Limited Partnership, Equity Resource Fund XV Limited
Partnership, Equity Resource Fund XVI Limited Partnership, Equity Resource Fund
<PAGE>
XVII Limited Partnership, Mark S. Thompson, James E. Brooks, and Eggert
Dagbjartsson, respectively, is 14 Story Street, Cambridge, Massachusetts 02138.
(c) Each of the limited partnership reporting persons is a Massachusetts
limited partnership formed to acquire and hold interests in other limited
partnerships involved in all facets of the real estate business as long-term
investments with a view to long-term appreciation and not to resale. Mr.
Brooks' principal occupation is Chairman of the Board of Directors of Equity
Resources Group, Incorporated. Mr. Thompson's principal occupation is President
of Equity Resources Group, Incorporated. Mr. Dagbjartsson's principal
occupation is Executive Vice President of Equity Resources Group, Incorporated.
(d) During the past five years, none of Equity Resources Group,
Incorporated, Equity Resource Bay Fund Limited Partnership, Equity Resource
Fund XV Limited Partnership, Equity Resource Fund XVI Limited Partnership,
Equity Resource Fund XVII Limited Partnership, Mark S. Thompson, James E.
Brooks, and Eggert Dagbjartsson, respectively, has been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors).
(e) During the past five years, none of Equity Resources Group,
Incorporated, Equity Resource Fund XV Limited Partnership, Equity Resource Fund
XVI Limited Partnership, Equity Resource Fund XVII Limited Partnership, Mark S.
Thompson, James E. Brooks, and Eggert Dagbjartsson, respectively, has been a
party to a civil proceeding of a judicial or administrative body of competent
jurisdiction as a result of which such person was subject to a judgment, decree
or final order enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or finding any
violation with respect to such laws.
(f) Each of the limited partnership reporting persons is a Massachusetts
limited partnership. Mark S. Thompson, James E. Brooks, and Eggert Dagbjartsson
are citizens of the United States. Equity Resources Group, Incorporated is a
Massachusetts corporation.
Item 3. Source and Amount of Funds or Other Consideration.
Equity Resource Bay Fund Limited Partnership, Equity Resource Fund XV
Limited Partnership, Equity Resource Fund XVI Limited Partnership and Equity
Resource Fund XVII Limited Partnership, respectively, purchased the Units
hereby reported for an aggregate of $317,346.00 cash. The source of such funds
was the working capital of these respective limited partnerships.
Item 4. Purpose of Transaction.
Equity Resource Bay Fund Limited Partnership, Equity Resource Fund XV
Limited Partnership, Equity Resource Fund XVI Limited Partnership and Equity
Resource Fund XVII Limited Partnership, respectively, acquired the Units for
investment purposes and none of such limited partnerships, any of the reporting
<PAGE>
persons or James E. Brooks has any present plans or proposals that relate to or
would result in any of the actions described in Item 4(a)-(j) of the
instructions to Schedule 13D.
Item 5. Interest in Securities of the Issuer.
(a) Equity Resource Bay Fund Limited Partnership, Equity Resource Fund XV
Limited Partnership, Equity Resource Fund XVI Limited Partnership, Equity
Resource Fund XVII Limited Partnership and Mark S. Thompson and Eggert
Dagbjartsson, in their capacities as general partners of each of Equity
Resource Bay Fund Limited Partnership, Equity Resource Fund XV Limited
Partnership, Equity Resource Fund XVI Limited Partnership and Equity Resource
Fund XVII Limited Partnership, respectively, beneficially own an aggregate of
2634.25 Units, representing 6.8% of the Units presently outstanding. Equity
Resources Group, Incorporated, James E. Brooks, Mark S. Thompson and Eggert
Dagbjartsson hereby expressly declare that the filing of this statement shall
not be construed as an admission that any of them are, individually, for
purposes of Section 13(d) of the Act, the beneficial owner of such securities
covered by the statement.
(b) The reporting person Equity Resources Group, Incorporated, in its
capacity as general partner of Equity Resource Bay Fund Limited Partnership has
sole power to vote or direct the vote and to dispose of or direct the
disposition of 353.75 Units of the 2634.25 Units referred to in Item 5(a). The
reporting persons Equity Resources Group, Incorporated, Mark S. Thompson and
Eggert Dagbjartsson, in their capacities as general partners of Equity Resource
Fund XV Limited Partnership, Equity Resource Fund XVI Limited Partnership and
Equity Resource Fund XVII Limited Partnership, respectively, share the power to
vote or direct the vote and to dispose of or direct the disposition of 2280.5
Units of the 2634.25 Units referred to in Item 5(a). See Item 2 above for other
required information.
(c) Not applicable.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships With
Respect to Securities of the Issuer.
None.
<PAGE>
Item 7. Material to be Filed as Exhibits.
Exhibit 7.1 Agreement dated as of April 14, 1997 between Equity
Resources Group, Incorporated, Equity Resource Bay Fund Limited
Partnership, Equity Resource Fund XV Limited Partnership, Equity
Resource Fund XVI Limited Partnership, Equity Resource Fund XVII
Limited Partnership, Mark S. Thompson and Eggert Dagbjartsson with
respect to the filing of this statement on Schedule 13D.
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, each
of the undersigned certifies that the information set forth in this Statement
is true, complete, and correct.
April 14, 1997 April 14, 1997
----------------- -----------------
(Date) (Date)
EQUITY RESOURCES GROUP,
INCORPORATED
By: /s/ Eggert Dagbjartsson /s/ Eggert Dagbjartsson
----------------------- -----------------------
Eggert Dagbjartsson Eggert Dagbjartsson, individually
Executive Vice President
James E. Brooks, individually
EQUITY RESOURCE FUND XV EQUITY RESOURCE FUND XVI
LIMITED PARTNERSHIP LIMITED PARTNERSHIP
By: EQUITY RESOURCES GROUP, By: EQUITY RESOURCES GROUP,
INCORPORATED INCORPORATED
as general partner as general partner
By: /s/ Eggert Dagbjartsson By: /s/ Eggert Dagbjartsson
----------------------- -----------------------
Eggert Dagbjartsson Eggert Dagbjartsson
Executive Vice President Executive Vice President
<PAGE>
EQUITY RESOURCE FUND XVII EQUITY RESOURCE BAY FUND
LIMITED PARTNERSHIP LIMITED PARTNERSHIP
By: EQUITY RESOURCES GROUP, By: EQUITY RESOURCES GROUP,
INCORPORATED INCORPORATED
as general partner as general partner
By: /s/ Eggert Dagbjartsson By: /s/ Eggert Dagbjartsson
----------------------- -----------------------
Eggert Dagbjartsson Eggert Dagbjartsson
Executive Vice President Executive Vice President
<PAGE>
EXHIBIT 7.1
AGREEMENT
This Agreement dated as of April 14, 1997 is by and among Equity Resources
Group, Incorporated, a Massachusetts corporation, Mark S. Thompson and Eggert
Dagbjartsson, both individuals and each of the limited partnerships listed on
the signature pages hereto (the "Limited Partnerships").
Each of the Limited Partnerships may be required to file with the United
States Securities and Exchange Commission a statement on Schedule 13D with
respect to an aggregate of 2634.25 units of limited partnership interest in JMB
Income Properties Limited Partnership V, a limited partnership, held by Equity
Resource Bay Fund Limited Partnership, Equity Resource Fund XV Limited
Partnership, Equity Resource Fund XVI Limited Partnership and Equity Resource
Fund XVII Limited Partnership, collectively. Equity Resources Group,
Incorporated, James E. Brooks, Mark S. Thompson and Eggert Dagbjartsson may be
required to file by reason of the respective parties being the general partners
of Equity Resource Bay Fund Limited Partnership, Equity Resource Fund XV
Limited Partnership, Equity Resource Fund XVI Limited Partnership and Equity
Resource Fund XVII Limited Partnership, as the case may be.
Pursuant to Rule 13(d)(1) promulgated under the Securities Exchange Act of
1934, as amended, the parties hereby agree to file a single statement on
Schedule 13D on behalf of both of the parties, and hereby further agree to file
this Agreement as an exhibit to such statement, as required by such rule.
Executed and delivered as of the date first above written.
EQUITY RESOURCES GROUP,
INCORPORATED
By: Eggert Dagbjartsson Mark S. Thompson, Attorney in Fact
------------------- ----------------
Eggert Dagbjartsson James E. Brooks, individually
Executive Vice President
<PAGE>
EQUITY RESOURCE FUND XV EQUITY RESOURCE FUND XVI
LIMITED PARTNERSHIP LIMITED PARTNERSHIP
By: EQUITY RESOURCES GROUP, By: EQUITY RESOURCES GROUP,
INCORPORATED INCORPORATED
as general partner as general partner
By: /s/ Eggert Dagbjartsson By: /s/ Eggert Dagbjartsson
----------------------- -----------------------
Eggert Dagbjartsson Eggert Dagbjartsson, individually
Executive Vice President
EQUITY RESOURCES FUND XVII EQUITY RESOURCES BAY FUND
LIMITED PARTNERSHIP LIMITED PARTNERSHIP
By: EQUITY RESOURCES GROUP, By: EQUITY RESOURCES GROUP,
INCORPORATED INCORPORATED
as general partner as general partner
By: /s/ Eggert Dagbjartsson By: /s/ Eggert Dagbjartsson
----------------------- -----------------------
Eggert Dagbjartsson Eggert Dagbjartsson
Executive Vice President Executive Vice President
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES AND EXCHANGE ACT OF 1934
JMB Income Properties Limited V
(Name of issuer)
Limited Partnership Units
(Title of class of securities)
Not Applicable
(CUSIP number)
Mark S. Thompson
c/o Equity Resources Group, Incorporated, 14 Story Street,
Cambridge, Massachusetts 02138 (617) 876-4800
(Name, address and telephone number of person
authorized to receive notices and communications)
APRIL 22, 1996
(Date of event which requires filing of this statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the statement [X]. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*The remainder of this cover page shall be filed 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 on 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).
(Continued on following page(s))
<PAGE>
CUSIP No. Not Applicable
1. NAMES AND IDENTIFICATION NO. OF REPORTING PERSONS:
Equity Resources Group, Incorporated I.R.S.# 04-2723870
Mark S. Thompson
Eggert Dagbjartsson
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(A) [ ]
(B) [ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS (SEE INSTRUCTIONS)
WC $317,346.00
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(D) OR 2(E) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Equity Resources Group, Incorporated is a Massachusetts corporation.
Mark S. Thompson is a United States citizen.
Eggert Dagbjartsson is a United States citizen.
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH:
7. SOLE VOTING POWER
353.75 Units are held by Equity Resource Bay Fund Limited
Partnership, a Massachusetts limited partnership, of which Equity
Resources Group, Incorporated is the sole general partner (the "Bay
Fund General Partner"). The Bay Fund General Partner as a reporting
person in its capacity as general partner of such limited
partnership has sole voting power with respect to such Units.
8. SHARED VOTING POWER
316.5 Units are held by Equity Resource Fund XV Limited Partnership,
a Massachusetts limited partnership, of which Equity Resources
Group, Incorporated and Mark S. Thompson are the general partners
(the "Fund XV General Partners"). Voting power with respect to such
Units is shared by the Fund XV General Partners as reporting persons
in their capacities as general partners of such limited partnership.
<PAGE>
CUSIP No. Not Applicable
30 Units are held by Equity Resource Fund XVI Limited Partnership, a
Massachusetts limited partnership, of which Equity Resources Group,
Incorporated and Mark S. Thompson are the general partners (the
"Fund XVI General Partners"). Voting power with respect to such
Units is shared by the Fund XVI General Partners as reporting
persons in their capacities as general partners of such limited
partnership.
1,934 Units are held by Equity Resource Fund XVII Limited
Partnership, a Massachusetts limited partnership, of which Equity
Resources Group, Incorporated and Eggert Dagbjartsson are the
general partners (the "Fund XVII General Partners"). Voting power
with respect to such Units is shared by the Fund XVII General
Partners as reporting persons in their capacities as general
partners of such limited partnership.
See Item 2 below for other required information.
9. SOLE DISPOSITIVE POWER
353.75 Units are held by Equity Resource Bay Fund Limited
Partnership, a Massachusetts limited partnership. The Bay Fund
General Partner as a reporting person in its capacity as general
partner of such limited partnership has sole dispositive power with
respect to such Units.
10. SHARED DISPOSITIVE POWER
316.5 Units are held by Equity Resource Fund XV Limited Partnership,
a Massachusetts limited partnership. Dispositive power with respect
to such Units is shared by the Fund XV General Partners as reporting
persons in their capacities as general partners of such limited
partnership.
30 Units are held by Equity Resource Fund XVI Limited Partnership, a
Massachusetts limited partnership. Dispositive power with respect to
such Units is shared by the Fund XVI General Partners as reporting
persons in their capacities as general partners of such limited
partnership.
1,934 Units are held by Equity Resource Fund XVII Limited
Partnership, a Massachusetts limited partnership. Dispositive power
with respect to such Units is shared by the Fund XVII General
Partners as reporting persons in their capacities as general
partners of such limited partnership.
See Item 2 below for other required information.
<PAGE>
CUSIP No. Not Applicable
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
353.75 Units are held by Equity Resource Bay Fund Limited Partnership, a
Massachusetts limited partnership, of which the reporting person Equity
Resources Group, Incorporated is the sole general partner.
316.5 Units are held by Equity Resource Fund XV Limited Partnership, a
Massachusetts limited partnership, of which the reporting persons Equity
Resources Group, Incorporated and Mark S. Thompson are the general
partners.
30 Units are held by Equity Resource Fund XVI Limited Partnership, a
Massachusetts limited partnership, of which the reporting persons Equity
Resources Group, Incorporated and Mark S. Thompson are the general
partners.
1,934 Units are held by Equity Resource Fund XVII Limited Partnership, a
Massachusetts limited partnership, of which the reporting persons Equity
Resources Group, Incorporated and Eggert Dagbjartsson are general
partners.
See Item 2 below for other required information.
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.9% is held by Equity
Resource Bay Fund Limited Partnership, a Massachusetts limited
partnership, of which the reporting person Equity Resources Group,
Incorporated is the sole general partner.
0.8% is held by Equity Resource Fund XV Limited Partnership, a
Massachusetts limited partnership, of which the reporting persons Equity
Resources Group, Incorporated and Mark S. Thompson are the general
partners.
0.1% is held by Equity Resource Fund XVI Limited Partnership, a
Massachusetts limited partnership, of which the reporting persons Equity
Resources Group, Incorporated and Mark S. Thompson are the general
partners.
5.0% is held by Equity Resource Fund XVII Limited Partnership, a
Massachusetts limited partnership, of which the reporting persons Equity
Resources Group, Incorporated and Eggert Dagbjartsson are general
partners.
See Item 2 below for other required information.
<PAGE>
CUSIP No. Not Applicable
14. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
Equity Resources Group, Incorporated: CO
Mark S. Thompson: IN
Eggert Dagbjartsson: IN
Item 1. Security and Issuer
This statement relates to certain limited partnership units (the "Units")
of JMB Income Properties V, a limited partnership with its principal executive
office at 900 North Michigan Avenue, Chicago, IL 60611-1575.
Item 2. Identity and Background.
(a) The names of the persons filing this statement are Equity Resources
Group, Incorporated, a Massachusetts corporation, Mark S. Thompson, and Eggert
Dagbjartsson, respectively. Equity Resource Group Incorporated is the sole
general partner of Equity Resource Bay Fund Limited Partnership. Equity
Resources Group, Incorporated and Mark S. Thompson are the general partners of
Equity Resource Fund XV Limited Partnership and Equity Resource Fund XVI
Limited Partnership. Equity Resources Group, Incorporated and Eggert
Dagbjartsson are the general partners of Equity Resource Fund XVII Limited
Partnership. This statement on Schedule 13D is filed on behalf of all such
reporting persons. The executive officers and directors of Equity Resources
Group, Incorporated are James E. Brooks, Chairman of the Board of Directors and
Director, Mark S. Thompson, President and Director, and Eggert Dagbjartsson,
Executive Vice President and Director.
(b) The business address of each of Equity Resources Group, Incorporated,
Mark S. Thompson, James E. Brooks, and Eggert Dagbjartsson, respectively, is 14
Story Street, Cambridge, Massachusetts 02138.
(c) Mr. Brooks' principal occupation is Chairman of the Board of
Directors of Equity Resources Group, Incorporated. Mr. Thompson's principal
occupation is President of Equity Resources Group, Incorporated. Mr.
Dagbjartsson's principal occupation is Executive Vice President of Equity
Resources Group, Incorporated.
(d) During the past five years, none of Equity Resources Group,
Incorporated, Mark S. Thompson, James E. Brooks, and Eggert Dagbjartsson,
respectively, has been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) During the past five years, none of Equity Resources Group,
Incorporated, Mark S. Thompson, James E. Brooks, and Eggert Dagbjartsson,
respectively, has been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction as a result of which such person
was subject to a judgment, decree or final order enjoining future violations
of, or prohibiting or mandating activities subject to, federal or state
securities laws or finding any violation with respect to such laws.
<PAGE>
CUSIP No. Not Applicable
(f) Mark S. Thompson, James E. Brooks, and Eggert Dagbjartsson are
citizens of the United States.
Item 3. Source and Amount of Funds or Other Consideration.
Equity Resource Bay Fund Limited Partnership, Equity Resource Fund XV
Limited Partnership, Equity Resource Fund XVI Limited Partnership and Equity
Resource Fund XVII Limited Partnership, respectively, purchased the Units
hereby reported for an aggregate of $317,346.00 cash. The source of such funds
was the working capital of these respective limited partnerships.
Item 4. Purpose of Transaction.
Equity Resource Bay Fund Limited Partnership, Equity Resource Fund XV
Limited Partnership, Equity Resource Fund XVI Limited Partnership and Equity
Resource Fund XVII Limited Partnership, respectively, acquired the Units for
investment purposes and none of such limited partnerships, any of the reporting
persons or James E. Brooks has any present plans or proposals that relate to or
would result in any of the actions described in Item 4(a)-(j) of the
instructions to Schedule 13D.
Item 5. Interest in Securities of the Issuer.
(a) The reporting persons, in their capacities as general partners of
each of Equity Resource Bay Fund Limited Partnership, Equity Resource Fund XV
Limited Partnership, Equity Resource Fund XVI Limited Partnership and Equity
Resource Fund XVII Limited Partnership, respectively, beneficially own an
aggregate of 2634.25 Units, representing 6.8% of the Units presently
outstanding.
(b) The reporting person Equity Resources Group, Incorporated, in its
capacity as general partner of Equity Resource Bay Fund Limited Partnership has
sole power to vote or direct the vote and to dispose of or direct the
disposition of 353.75 Units of the 2634.25 Units referred to in Item 5(a). The
reporting persons Equity Resources Group, Incorporated, Mark S. Thompson and
Eggert Dagbjartsson, in their capacities as general partners of Equity Resource
Fund XV Limited Partnership, Equity Resource Fund XVI Limited Partnership and
Equity Resource Fund XVII Limited Partnership, respectively, share the power to
vote or direct the vote and to dispose of or direct the disposition of 2280.5
Units of the 2634.25 Units referred to in Item 5(a). See Item 2 above for other
required information.
(c) Reporting person Equity Resources Group, Incorporated, in its
capacity as general partner of Equity Resource Bay Fund Limited Partnership,
purchased (i) fifteen (15) units of JMB Income Properties Limited V from the
<PAGE>
CUSIP No. Not Applicable
Estate of Nathan Tureen at a price of $105.00 per unit on March 13, 1996, and
(ii) twenty (20) units of JMB Income Properties Limited V from Dr. Hilary
Koprowski at a price of $105.00 per unit, on March 27, 1996.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships With
Respect to Securities of the Issuer.
None.
Item 7. Material to be Filed as Exhibits.
Exhibit 7.1 Agreement dated as of April 30, 1996, between Equity
Resources Group, Incorporated, Mark S. Thompson and Eggert
Dagbjartsson with respect to the filing of this statement on
Schedule 13D.
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, each
of the undersigned certifies that the information set forth in this Statement
is true, complete, and correct.
April 30, 1996 April 30, 1996
-------------- --------------
(Date) (Date)
EQUITY RESOURCES GROUP,
INCORPORATED
By /s/ Mark S. Thompson /s/ Mark S. Thompson
--------------------- ---------------------
Mark S. Thompson Mark S. Thompson, individually
President
/s/ Eggert Dagbjartsson
------------------------
Eggert Dagbjartsson, individually
<PAGE>
CUSIP No. Not Applicable
EXHIBIT 7.1
AGREEMENT
This Agreement dated as of April 30, 1996, is by and among Equity
Resources Group, Incorporated, a Massachusetts corporation, Mark S. Thompson
and Eggert Dagbjartsson, both individuals.
Each of the parties may be required to file with the United States
Securities and Exchange Commission a statement on Schedule 13D with respect to
an aggregate of 2634.25 units of limited partnership interest in JMB Income
Properties Limited Partnership V, a limited partnership, held by Equity
Resource Bay Fund Limited Partnership, Equity Resource Fund XV Limited
Partnership, Equity Resource Fund XVI Limited Partnership and Equity Resource
Fund XVII Limited Partnership, respectively, by reason of the respective
parties being the general partners of Equity Resource Bay Fund Limited
Partnership, Equity Resource Fund XV Limited Partnership, Equity Resource Fund
XVI Limited Partnership and Equity Resource Fund XVII Limited Partnership, as
the case may be.
Pursuant to Rule 13(d)(1) promulgated under the Securities Exchange Act
of 1934, as amended, the parties hereby agree to file a single statement on
Schedule 13D on behalf of both of the parties, and hereby further agree to file
this Agreement as an exhibit to such statement, as required by such rule.
Executed and delivered as of the date first above written.
EQUITY RESOURCES GROUP,
INCORPORATED
By /s/ Mark S. Thompson /s/ Mark S. Thompson
-------------------- --------------------
Mark S. Thompson Mark S. Thompson, individually
President
/s/ Eggert Dagbjartsson
-----------------------
Eggert Dagbjartsson, individually
