<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-----------------------
AMENDMENT NO. 3
TO
SCHEDULE 14D-1
Tender Offer Statement Pursuant to Section 14(d)(1)
of the Securities Exchange Act of 1934
-----------------------
DE ANZA PROPERTIES - X
(Name of Subject Company)
MORAGA CAPITAL, LLC
MICHAEL L. ASHNER
C.E. PATTERSON
(Bidders)
UNITS OF LIMITED PARTNERSHIP INTEREST
(Title of Class of Securities)
NONE
(CUSIP Number of Class of Securities)
-----------------------
Michael L. Ashner Copy to:
Jericho Associates, L.P. Mark I. Fisher, Esq.
100 Jericho Quandrangle, Ste. 214 Rosenman & Colin
Jericho, New York 11753 575 Madison Avenue
New York, New York 10022
Copy to:
C.E. Patterson Paul J. Derenthal, Esq.
MacKenzie Patterson Inc. Derenthal & Dannhauser
1640 School Street, Suite 100 455 Market Street, Suite 1600
Moraga, California 94556 San Francisco, California 94105
(510) 631-9100 (415) 243-8070
(Name, Address and Telephone Number of
Person Authorized to Receive Notices and
Communications on Behalf of Bidder)
This Amendment No. 3 to the Bidders' Schedule 14D-1 hereby amends the Bidders'
Schedule 13D with respect to the subject securities.
<PAGE> 2
CUSIP NO. None 14D-1Page 2 of 8 Pages
- --------------------------------------------------------------------------------
1.Name of Reporting Person
S.S. or I.R.S. Identification Nos. of Above Person
MORAGA CAPITAL, LLC
- --------------------------------------------------------------------------------
2.Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)__
(b)__
- --------------------------------------------------------------------------------
3.SEC Use Only
- --------------------------------------------------------------------------------
4.Sources of Funds (See Instructions)
WC, AF
- --------------------------------------------------------------------------------
5.Check if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(e) or 2(f)
__
- --------------------------------------------------------------------------------
6.Citizenship or Place of Organization
Delaware
- --------------------------------------------------------------------------------
7.Aggregate Amount Beneficially Owned by Each Reporting Person 3,281
- --------------------------------------------------------------------------------
8.Check if the Aggregate in Row (7) Excludes Certain Shares (See Instructions)
- --
- --------------------------------------------------------------------------------
9.Percent of Class Represented by Amount in Row (7) 14.49%
- --------------------------------------------------------------------------------
10.Type of Reporting Person (See Instructions)
OO
<PAGE> 3
CUSIP NO. None 14D-1Page 3 of 8 Pages
- --------------------------------------------------------------------------------
1.Name of Reporting Person
S.S. or I.R.S. Identification Nos. of Above Person
Michael L. Ashner
- --------------------------------------------------------------------------------
2.Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)__
(b)__
- --------------------------------------------------------------------------------
3.SEC Use Only
- --------------------------------------------------------------------------------
4.Sources of Funds (See Instructions)
AF
- --------------------------------------------------------------------------------
5.Check if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(e) or 2(f)
__
- --------------------------------------------------------------------------------
6.Citizenship or Place of Organization
United States
- --------------------------------------------------------------------------------
7.Aggregate Amount Beneficially Owned by Each Reporting Person 1,662
- --------------------------------------------------------------------------------
8.Check if the Aggregate in Row (7) Excludes Certain Shares (See Instructions)
- --
- --------------------------------------------------------------------------------
9.Percent of Class Represented by Amount in Row (7) 7.34%
- --------------------------------------------------------------------------------
10.Type of Reporting Person (See Instructions)
IN
<PAGE> 4
CUSIP NO. None 14D-1Page 4 of 8 Pages
- --------------------------------------------------------------------------------
1.Name of Reporting Person
S.S. or I.R.S. Identification Nos. of Above Person
Charles Evans Patterson
- --------------------------------------------------------------------------------
2.Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)__
(b)__
- --------------------------------------------------------------------------------
3.SEC Use Only
- --------------------------------------------------------------------------------
4.Sources of Funds (See Instructions)
AF
- --------------------------------------------------------------------------------
5.Check if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(e) or 2(f)
__
- --------------------------------------------------------------------------------
6.Citizenship or Place of Organization
United States
- --------------------------------------------------------------------------------
7.Aggregate Amount Beneficially Owned by Each Reporting Person 3,271
- --------------------------------------------------------------------------------
8.Check if the Aggregate in Row (7) Excludes Certain Shares (See Instructions)
- --
- --------------------------------------------------------------------------------
9.Percent of Class Represented by Amount in Row (7) 14.45%
- --------------------------------------------------------------------------------
10.Type of Reporting Person (See Instructions)
IN
<PAGE> 5
This Amendment No. 3 to Schedule 14D-1 amends the Schedule 14D-1 filed
November 29, 1995 and amended by Amendment No. 1 dated December 13, 1995, and by
Amendment No. 2 dated December 29, 1995 (together the "Schedule") by Moraga
Capital, LLC (the "Purchaser"), as set forth below. Terms not otherwise defined
herein shall have the meanings ascribed to them in the Schedule and exhibits
thereto.
This Amendment No. 3 is the final amendment to the Schedule and is
filed to report the termination and results of the Offer described in the
Schedule. The Offer terminated as of January 31, 1996. The Offer resulted in the
tender by Unitholders and acceptance for payment by the Purchaser of a total of
1,642 Units. The Purchaser, together with its members, is now the beneficial
owner of a total of 3,281 Units or approximately 14.49% of the outstanding
Units. The final purchase price paid by the Purchaser was in the amount of
$440.94 per Unit, or the stated price of $450 per Unit reduced, as provided in
the Offer, by the $9.06 per Unit distributed by the Partnership effective as of
December 22, 1995 and received by Unitholders in January 1996.
<PAGE> 6
After due 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: February 1, 1996
/s/ MICHAEL L. ASHNER
- ---------------------------
Michael L. Ashner
/s/ C.E. PATTERSON
- ---------------------------
C.E. Patterson
MORAGA CAPITAL, LLC
BY ITS MEMBERS:
JERICHO ASSOCIATES, L.P.
By: /s/ MICHAEL L. ASHNER February 1, 1996
--------------------------- --------------------
Michael L. Ashner, Date
Its General Partner
MORAGA PARTNERS, INC.
By: /s/ C.E. PATTERSON February 1, 1996
--------------------------- --------------------
C.E. Patterson, President Date
CAL-KAN, INC.
By: /s/ C.E. PATTERSON February 1, 1996
--------------------------- --------------------
C.E. Patterson, President Date
LP SECONDARY MARKET FUND, L.P.
By: MacKenzie Patterson, Inc.,
Its General Partner
By: /s/ C.E. PATTERSON February 1, 1996
--------------------------- --------------------
C.E. Patterson, President Date
MACKENZIE SPECIFIED INCOME FUND,
A CALIFORNIA LIMITED PARTNERSHIP
By: MacKenzie Patterson, Inc.,
Its General Partner
By: /s/ C.E. PATTERSON February 1, 1996
--------------------------- --------------------
C.E. Patterson, President Date
<PAGE> 7
MACKENZIE PATTERSON SPECIAL FUND,
A CALIFORNIA LIMITED PARTNERSHIP
By: MacKenzie Patterson, Inc.,
Its General Partner
By: /s/ C.E. PATTERSON February 1, 1996
--------------------------- --------------------
C.E. Patterson, President Date
PREVIOUSLY OWNED MORTGAGE PARTNERSHIPS
INCOME FUND 3, L.P.
By: MacKenzie Patterson, Inc.,
Its General Partner
By: /s/ C.E. PATTERSON February 1, 1996
--------------------------- --------------------
C.E. Patterson, President Date
CFS SECONDARY MARKET FUND, L.P.
By: /s/ WILLIAM R. COUSINS February 1, 1996
--------------------------- --------------------
William R. Cousins, Date
Its General Partner
MORAGA FUND 1, L.P.
By: Moraga Partners, Inc.,
Its General Partner
By: /s/ C.E. PATTERSON February 1, 1996
--------------------------- --------------------
C.E. Patterson, President Date
ACCELERATED HIGH YIELD INCOME FUND I, L.P.
By: MacKenzie Patterson, Inc.,
Its General Partner
By: /s/ C.E. PATTERSON February 1, 1996
--------------------------- --------------------
C.E. Patterson, President Date
ACCELERATED HIGH YIELD INCOME FUND II, L.P.
By: MacKenzie Patterson, Inc.,
Its General Partner
By: /s/ C.E. PATTERSON February 1, 1996
--------------------------- --------------------
C.E. Patterson, President Date
<PAGE> 8
ACCELERATED HIGH YIELD GROWTH FUND I, L.P.
By: MacKenzie Patterson, Inc.,
Its General Partner
By: /s/ C.E. PATTERSON February 1, 1996
--------------------------- --------------------
C.E. Patterson, President Date
