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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 14D-1
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 - 85,
AN ILLINOIS LIMITED PARTNERSHIP
(Name of Subject Company)
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PUBLIC STORAGE, INC.
(Bidder)
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 GOLDBERG
Public Storage, Inc.
600 North Brand Boulevard
Glendale, California 91203-1241
(818) 244-8080
(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 Schedule 14D-1
which was filed by Public Storage, Inc. (the "Company") with the Securities and
Exchange Commission on January 25, 1996, with respect to the offer by the
Company to purchase up to 69,230 of the limited partnership interests
("Interests") in Balcor/Colonial Storage Income Fund - 85, an Illinois limited
partnership (the "Partnership") at a net cash price per Interest of $210.
Capitalized terms used in this Amendment and not otherwise defined shall have
the meanings set forth in the Offer to Purchase dated January 25, 1996, and
related Letter of Transmittal.
The Offer to Purchase expired on March 12, 1996, at 5:00 p.m.,
New York City time. At the expiration of the Offer, 19,230.249 Interests
(representing approximately 6.9% of the outstanding Interests) had been
submitted pursuant to the Offer. The Company has notified the Depositary that it
intends to accept for payment all 19,230.249 Interests tendered pursuant to its
Offer subject to confirmation that such Interests have been validly tendered in
accordance with the terms of the Company's Offer to Purchase. If all of the
Interests tendered are accepted for payment, then the Company will beneficially
own a total of 19,745.249 Interests representing approximately 7.1% of the
outstanding Interests. In addition, subsequent to the expiration of the Offer,
the Company entered into a privately negotiated agreement to purchase 6,752.33
Interests. If that purchase is consummated and assuming all 19,230.249 Interests
tendered pursuant to the Offer are accepted for payment, the Company will
beneficially own a total of 26,497.579 Interests representing approximately
9.57% of the outstanding Interests.
Item 6. Interest in Securities of the Subject Company.
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Item 6(a) and (b) are hereby amended as follows:
The Company has notified the Depositary that it intends to
accept for payment all 19,230.249 Interests tendered pursuant
to its Offer subject to confirmation that such Interests have
been validly tendered in accordance with the terms of the
Company's Offer to Purchase. If all of the Interests tendered
are accepted for payment, then the Company will beneficially
own a total of 19,745.249 Interests representing approximately
7.1% of the outstanding Interests. In addition, subsequent to
the expiration of the Offer, the Company entered into a
privately negotiated agreement to purchase 6,752.33 Interests.
If that purchase is consummated and assuming all 19,230.249
Interests tendered pursuant to the Offer are accepted for
payment, the Company will beneficially own a total of
26,497.579 Interests representing approximately 9.57% of the
outstanding Interests.
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SIGNATURE
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: April 2, 1996 PUBLIC STORAGE, INC.
By: /s/ Harvey Lenkin
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Harvey Lenkin
President
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