CONSOLIDATED CAPITAL INSTITUTIONAL PROPERTIES
SC 14D1/A, 1999-07-30
REAL ESTATE
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<PAGE>   1

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 29549

                             ---------------------

                                 AMENDMENT NO. 2
                                (FINAL AMENDMENT)
                                       TO
                                 SCHEDULE 14D-1
               TENDER OFFER STATEMENT PURSUANT TO SECTION 14(d)(1)
                     OF THE SECURITIES EXCHANGE ACT OF 1934
                                       AND
                                  SCHEDULE 13D
                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                               (AMENDMENT NO. 21)


                  CONSOLIDATED CAPITAL INSTITUTIONAL PROPERTIES
                            (Name of Subject Company)

                             AIMCO PROPERTIES, L.P.
                                    (Bidder)

                      UNITS OF LIMITED PARTNERSHIP INTEREST
                         (Title of Class of Securities)

                                      NONE
                      (CUSIP Number of Class of Securities)



                                 PATRICK J. FOYE
                   APARTMENT INVESTMENT AND MANAGEMENT COMPANY
                     1873 SOUTH BELLAIRE STREET, 17TH FLOOR
                             DENVER, COLORADO 80222
                                 (303) 757-8101
            (Name, Address and Telephone Number of Person Authorized
           to Receive Notices and Communications on Behalf of Bidder)


                             ---------------------




<PAGE>   2



                            CALCULATION OF FILING FEE

- --------------------------------------------------------------------------------
Transaction Valuation*     $20,766,274          Amount of Filing Fee: $4,153.25

- --------------------------------------------------------------------------------
*        For purposes of calculating the fee only. This amount assumes the
         purchase of 48,977.06 units of limited partnership interest of the
         subject partnership for $424 per unit. The amount of the filing fee,
         calculated in accordance with Section 14(g)(1)(B)(3) and Rule 0- 11(d)
         under the Securities Exchange Act of 1934, as amended, equals 1/50th of
         one percent of the aggregate of the cash offered by the bidder.

[ ]      Check box if any part of the fee is offset as provided by Rule
         0-11(a)(2) and identify the filing with which the offsetting fee was
         previously paid. Identify the previous filing by registration statement
         number or the form or schedule and the date of its filing.


Amount Previously Paid:  $4,153.25       Filing Parties:  AIMCO Properties, L.P.


Form or Registration No.: Schedule 14D   Date Filed:  July 8, 1999




                         (Continued on following pages)


                                   Page 2 of 9

<PAGE>   3



CUSIP No. NONE                   14D-1 AND 13D/A


1.       NAME OF REPORTING PERSONS
         S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

                  AIMCO PROPERTIES, L.P.
                  84-1275621

2.       CHECK THE APPROPRIATE BOX IF A MEMBER OF GROUP
                                                                         (a) [ ]
                                                                         (b) [X]

3.       SEC USE ONLY

4.       SOURCE OF FUNDS

                  WC, BK

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

                  33,726.20

8.       CHECK IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN
         SHARES                                                              [ ]


9.       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)

                  16.9%


10.      TYPE OF REPORTING PERSON

                  PN



                                   Page 3 of 9

<PAGE>   4



CUSIP No. NONE                   14D-1 AND 13D/A


1.       NAME OF REPORTING PERSONS
         S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

                  AIMCO-GP, INC.


2.       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                        (a)  [ ]
                                                                        (b)  [X]

3.       SEC USE ONLY

4.       SOURCES OF FUNDS

                  Not Applicable

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

                  33,726.20

8.       CHECK IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN
         SHARES                                                              [ ]

9.       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)

                  16.9%

10.      TYPE OF REPORTING PERSON

                  CO



                                   Page 4 of 9

<PAGE>   5



CUSIP No. NONE                   14D-1 AND 13D/A


1.       NAME OF REPORTING PERSONS
         S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

                  INSIGNIA PROPERTIES, L.P.


2.       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                        (a)  [ ]
                                                                        (b)  [X]

3.       SEC USE ONLY

4.       SOURCES OF FUNDS

                  Not Applicable

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

                  61,915

8.       CHECK IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN
         SHARES                                                              [ ]

9.       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)

                  31.1%

10.      TYPE OF REPORTING PERSON

                  PN

                                   Page 5 of 9

<PAGE>   6



CUSIP No.   NONE                 14D-1 AND 13D/A


1.       NAME OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

                  AIMCO/IPT, INC.

2.       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

                                                                        (a)  [ ]
                                                                        (b)  [X]

3.       SEC USE ONLY



4.       SOURCE OF FUNDS

                  Not Applicable

5.       CHECK BOX 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

                  61,915

8.       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN
         SHARES                                                              [ ]

9.       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)

                  31.1%

10.      TYPE OF REPORTING PERSON

                  CO


                                   Page 6 of 9

<PAGE>   7



CUSIP No.  NONE                            14D-1 AND 13D/A


1.       NAME OF REPORTING PERSONS
         S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

                  APARTMENT INVESTMENT AND MANAGEMENT COMPANY
                  84-129577

2.       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

                                                                        (a)  [ ]
                                                                        (b)  [X]

3.       SEC USE ONLY

4.       SOURCES OF FUNDS

                  Not Applicable

5.       CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
         PURSUANT TO ITEMS 2(e) OR 2(f)                                      [ ]

6.       CITIZENSHIP OR PLACE OF ORGANIZATION

                  Maryland

7.       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                  95,641.20

8.       CHECK IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN
         SHARES                                                              [ ]

9.       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)

                  48.0%

10.      TYPE OF REPORTING PERSON

                  CO

                                   Page 7 of 9

<PAGE>   8



       AMENDMENT NO. 2 TO SCHEDULE 14D-1/AMENDMENT NO. 21 TO SCHEDULE 13D


         This Statement (the "Statement") constitutes (a) Amendment No. 2 and
the Final Amendment to the initial Schedule 14D-1 of AIMCO Properties, L.P. (the
"AIMCO OP"), relating to AIMCO OP's offer to purchase units of limited
partnership interest ("Units") of Consolidated Capital Institutional Properties
(the "Partnership"); and (b) Amendment No. 20 to the Schedule 13D (the "Schedule
13D") originally filed with the Securities and Exchange Commission (the
"Commission") on December 19, 1994, by Insignia Financial Group, Inc.
("Insignia"), as amended by (i) Amendment No. 1, filed with the Commission on
October 4, 1996, by Insignia, Liquidity Assistance, L.L.C. ("Liquidity
Assistance"), Market Ventures, L.L.C. ("Market Ventures") and Andrew L. Farkas,
(ii) Amendment No. 2, , filed with the Commission on April 25, 1997, by
Insignia, Insignia Properties, L.P. ("IPLP"), Insignia Properties Trust ("IPT")
and Andrew L. Farkas, (iii) Amendment No. 3, filed with the Commission on August
1, 1997, by Insignia, IPLP, IPT and Andrew L. Farkas, (iv) Amendment No. 4,
filed with the Commission on October 30, 1997, by Reedy River Properties, L.L.C.
("Reedy River"), Insignia, IPLP, IPT and Andrew L. Farkas, (v) Amendment No. 5,
filed with the Commission on November 19, 1997, Reedy River, IPLP, IPT, Insignia
and Andrew L. Farkas, (vi) Amendment No. 6, filed with the Commission on
December 2, 1997, by Reedy River, IPLP, IPT, Insignia and Andrew L. Farkas,
(vii) Amendment No. 7, filed with the Commission on December 8, 1997, by Reedy
River, IPLP, IPT, Insignia and Andrew L. Farkas, (viii) Amendment No. 8, filed
with the Commission on December 10, 1997, by Reedy River, IPLP, IPT, Insignia
and Andrew L. Farkas, (ix) Amendment No. 9, filed with the Commission on
December 16, 1997, by Reedy River, IPLP, IPT, Insignia and Andrew L. Farkas, (x)
Amendment No. 10, filed with the Commission on March 5, 1998, by Reedy River,
IPLP, IPT, Insignia and Andrew L. Farkas, (xi) Amendment No. 11, filed with the
Commission on July 30, 1998, by Cooper River Properties, L.L.C. ("Cooper
River"), IPLP, IPT, Insignia and Andrew L. Farkas, (xii) Amendment No. 12, filed
with the Commission on August 18, 1998, by Cooper River, IPLP, IPT, Insignia and
Andrew L. Farkas, (xiii) Amendment No. 13, filed with the Commission on August
27, 1998, by Cooper River, IPLP, IPT, Insignia and Andrew L. Farkas, (xiv)
Amendment No. 14, filed with the Commission on September 2, 1998, by Cooper
River, IPLP, IPT, Insignia and Andrew L. Farkas, (xv) Amendment No. 15, filed
with the Commission on Cooper River, IPLP, IPT, Insignia and Andrew L. Farkas,
(xvi) Amendment No. 16, filed with the Commission on Cooper River, IPLP, IPT,
Insignia and Andrew L. Farkas, (xvii) Amendment No. 17, filed with the
Commission on October 26, 1998, by Reedy River, IPLP, IPT, AIMCO OP, AIMCO-GP,
Inc. ("AIMCO-GP") and Apartment Investment and Management Company ("AIMCO"),
(xviii) Amendment No. 18, filed with the Commission on January 22, 1999, by
Cooper River, Reedy River, IPLP, IPT, AIMCO OP, AIMCO-GP and AIMCO, (xix)
Amendment No. 19, filed with the Commission on June 10, 1999, by Cooper River,
Reedy River, AIMCO/IPT, Inc. ("AIMCO/IPT"), IPLP, AIMCO OP, AIMCO-GP and AIMCO,
and (xx) Amendment No. 20, filed with the Commission on July 8, 1999, by Cooper
River, Reedy River, AIMCO/IPT, IPLP, AIMCO OP, AIMCO-GP and AIMCO. The item
numbers and responses thereto are set forth below in accordance with the
requirements of Schedule 14D-1.

ITEM 6.       INTEREST IN SECURITIES OF THE SUBJECT COMPANY.

         (a) - (b)At 5:00 p.m., New York time, on Wednesday, July 14, 1999, the
offer expired pursuant to its terms. A total of 3,519.80 Units, representing
approximately 1.7% of the outstanding Units, were validly tendered and not
withdrawn pursuant to the offer. AIMCO OP has accepted for payment all of those
Units at $424 per Unit.


                                   Page 8 of 9

<PAGE>   9


                                    SIGNATURE

                  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:  July 30, 1999
                                         COOPER RIVER PROPERTIES, L.L.C.

                                         By:  /s/ Patrick J. Foye
                                            -----------------------------------
                                            Executive Vice President

                                         REEDY RIVER PROPERTIES, L.L.C.

                                         By:  /s/ Patrick J. Foye
                                            -----------------------------------
                                            Executive Vice President

                                         AIMCO/IPT, INC.

                                         By:  /s/ Patrick J. Foye
                                            -----------------------------------
                                            Executive Vice President

                                         INSIGNIA PROPERTIES, L.P.

                                         By:  AIMCO/IPT, INC.
                                             (General Partner)

                                         By:  /s/ Patrick J. Foye
                                            -----------------------------------
                                            Executive Vice President

                                         AIMCO PROPERTIES, L.P.

                                         By: AIMCO-GP, INC.
                                            (General Partner)

                                         By:  /s/ Patrick J. Foye
                                            -----------------------------------
                                            Executive Vice President

                                         AIMCO-GP, INC.

                                         By:  /s/ Patrick J. Foye
                                            -----------------------------------
                                            Executive Vice President

                                         APARTMENT INVESTMENT
                                         AND MANAGEMENT COMPANY

                                         By:  /s/ Patrick J. Foye
                                            -----------------------------------
                                            Executive Vice President


                                   Page 9 of 9



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