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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 14D-1/A
Tender Offer Statement Pursuant To Section 14(d)(1) of
the Securities Exchange Act of 1934
(Final Amendment)
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BALCOR/COLONIAL STORAGE INCOME FUND - 86,
AN ILLINOIS LIMITED PARTNERSHIP
(Name of Subject Company)
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PUBLIC STORAGE, INC.
(Bidder)
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Interests in Limited Partnership
(Title of Class of Securities)
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NONE
(CUSIP Number of Class of Securities)
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DAVID B.H. MARTIN, JR.
Hogan & Hartson L.L.P.
Columbia Square
555 Thirteenth Street, N.W.
Washington, D.C. 20004-1109
(202) 637-5600
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications on Behalf of Bidder)
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Introduction
This statement is the Final Amendment to the Statement on Schedule
14D-1 which was filed by Public Storage, Inc. (the "Company") with the
Securities and Exchange Commission on April 15, 1996, as amended by the
Statement on Schedule 14D-1/A, Amendment No. 1 dated May 7, 1996, the Statement
on Schedule 14D-1/A, Amendment No. 2 dated May 20, 1996, and the Statement on
Schedule 14D-1/A, Amendment No. 3 dated May 22, 1996, with respect to the offer
by the Company to purchase limited partnership interests ("Interests") in
Balcor/Colonial Storage Income Fund - 86, an Illinois limited partnership (the
"Partnership"). Capitalized terms used in this Final Amendment and not
otherwise defined shall have the meanings set forth in the Offer to Purchase
dated April 15, 1996, as amended (the "Amended Offer to Purchase"), and related
Letter of Transmittal.
On May 28, 1996, the Company terminated its Amended Offer to Purchase
the Interests. No Interests have been or will be purchased by the Company
pursuant to the Amended Offer to Purchase. On May 23, 1996, the Partnership
announced that a majority of the holders of the outstanding Interests had
approved the sale of the Partnership's assets to Storage Trust Properties, L.P.,
which resulted in faiure of one of the conditions set forth in the Amended Offer
to Purchase.
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SIGNATURE
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After reasonable inquiry and to the best of its knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, correct and complete.
Dated: June 10, 1996 PUBLIC STORAGE, INC.
By: /s/ Harvey Lenkin
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Harvey Lenkin
President
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