<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE TO
(AMENDMENT NO. __)
TENDER OFFER STATEMENT UNDER SECTION 14(D)(1) OR 13(E)(1) OF THE
SECURITIES EXCHANGE ACT OF 1934
AND
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 19)
Century Properties Fund XVII
-----------------------------
(Name of Subject Company (Issuer)
AIMCO Properties, L.P. -- Offeror
---------------------------------
(Names of Filing Persons (Identifying Status as Offeror,
Issuer or Other Person))
Limited Partnership Units
-------------------------
(Title of Class Securities)
None
----
(CUSIP Number of Class Securities)
Patrick J. Foye
Apartment Investment And Management Company
Colorado Center, Tower Two
2000 South Colorado Boulevard, Suite 2-1000
Denver, Colorado 80222
(303) 757-8101
(Name, address, and telephone numbers of person authorized
to receive notices and communications on behalf of filing persons)
Copy To:
Jonathan L. Friedman
Skadden, Arps, Slate, Meagher & Flom LLP
300 South Grand Avenue, 34th Floor
Los Angeles, California 90071
(213) 687-5000
<PAGE> 2
Calculation of Filing Fee
Transaction valuation* Amount of filing fee
---------------------- --------------------
$10,299,897 $2,060
* For purposes of calculating the fee only. This amount assumes the purchase
of 33,333 units of limited partnership interest of the subject partnership
for $309 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 the 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: $ Filing Party:
--------------- ------------------------
Form or Registration No.: Date Filed:
---------------- --------------------------
--------------------------------------------------
[ ] Check the box if the filing relates solely to preliminary communications
made before the commencement of a tender offer.
Check the appropriate boxes below to designate any transactions to which the
statement relates:
[X] third-party tender offer subject to Rule 14d-1
[ ] issuer tender offer subject to Rule 13e-4
[ ] going private transaction subject to Rule 13e-3
[X] amendment to Schedule 13D under Rule 13d-2
Check the following box if the filing is a final amendment reporting the results
of the tender offer: [ ]
2
<PAGE> 3
CUSIP No. NONE
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
AIMCO PROPERTIES, L.P.
84-1275721
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(d) OR 2(e)) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
7. SOLE VOTING POWER
--
8. SHARED VOTING POWER
15,833.50 Units
9. SOLE DISPOSITIVE POWER
--
10. SHARED DISPOSITIVE POWER
15,833.50 Units
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
15,833.50 Units
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
[ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 20%
14. TYPE OF REPORTING PERSON
PN
3
<PAGE> 4
CUSIP No. NONE
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
AIMCO-GP, INC.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF GROUP
(a) [ ]
(b) [X]
3. SEC USE ONLY
4. SOURCE OF FUNDS
Not Applicable
5. (CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
7. SOLE VOTING POWER
--
8. SHARED VOTING POWER
15,833.50 Units
9. SOLE DISPOSITIVE POWER
--
10. SHARED DISPOSITIVE POWER
15,833.50 Units
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
15,833.50 Units
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
[ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 20%
14. TYPE OF REPORTING PERSON
CO
4
<PAGE> 5
CUSIP No. NONE
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
APARTMENT INVESTMENT AND MANAGEMENT COMPANY
84-129577
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF GROUP
(a) [ ]
(b) [X]
3. SEC USE ONLY
4. SOURCE OF FUNDS
Not Applicable
5. (CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Maryland
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
7. SOLE VOTING POWER
--
8. SHARED VOTING POWER
41,667 Units
9. SOLE DISPOSITIVE POWER
--
10. SHARED DISPOSITIVE POWER
41,667 Units
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
41,667 Units
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
[ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 54.4%
14. TYPE OF REPORTING PERSON
CO
5
<PAGE> 6
CUSIP No. NONE
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
INSIGNIA PROPERTIES, L.P.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF GROUP
(a) [ ]
(b) [X]
3. SEC USE ONLY
4. SOURCE OF FUNDS
Not Applicable
5. (CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
7. SOLE VOTING POWER
--
8. SHARED VOTING POWER
25,833.50 Units
9. SOLE DISPOSITIVE POWER
--
10. SHARED DISPOSITIVE POWER
25,833.50 Units
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
25,833.50 Units
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
[ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 34.4%
14. TYPE OF REPORTING PERSON
PN
6
<PAGE> 7
CUSIP No. NONE
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
AIMCO/IPT, INC.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF GROUP
(a) [ ]
(b) [X]
3. SEC USE ONLY
4. SOURCE OF FUNDS
Not Applicable
5. (CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
7. SOLE VOTING POWER
--
8. SHARED VOTING POWER
25,833.50 Units
9. SOLE DISPOSITIVE POWER
--
10. SHARED DISPOSITIVE POWER
25,833.50 Units
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
25,833.50 Units
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
[ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 34.4%
14. TYPE OF REPORTING PERSON
CO
7
<PAGE> 8
TENDER OFFER STATEMENT/ AMENDMENT NO. 19 TO SCHEDULE 13D
This Statement (the "Statement") constitutes (a) the Tender Offer
Statement on Schedule TO of AIMCO Properties, L.P. (the "AIMCO OP"), relating to
an offer to purchase units of limited partnership interest ("Units") of Century
Properties Fund XVII (the "Partnership"); and (b) Amendment No. 19 to the
Schedule 13D (the "Schedule 13D") originally filed with the Securities and
Exchange Commission (the "Commission") on August 29, 1995, by Insignia Financial
Group, Inc. ("Insignia"), IFGP Corporation ("IFGP"), Insignia NPI, L.L.C.
("NPI"), Riverside Drive, L.L.C. ("Riverside") and Andrew L. Farkas, as amended
by (i) Amendment No. 1, filed with the Commission on January 30, 1996 by
Insignia, IFGP, NPI, Riverside, Insignia Commercial Group, Inc. ("Commercial"),
Insignia Properties Corporation ("IPC") and Andrew L. Farkas, (ii) Amendment No.
2, filed with the Commission on February 26, 1996, by Insignia, IFGP, NPI,
Riverside, Commercial, IPC and Andrew L. Farkas, (iii) Amendment No. 3, filed
with the Commission on January 15, 1997, by Insignia, Insignia Properties, L.P.
("IPLP"), Commercial, Insignia Properties Trust ("IPT") and Andrew L. Farkas,
(iv) Amendment No. 4, filed with the Commission on August 28, 1997, by IPLP
Acquisition I, L.L.C. ("IPLP Acquisition"), IPLP, IPT, Insignia and Andrew L.
Farkas, (v) Amendment No. 5, filed with the Commission on September 26, 1997, by
IPLP Acquisition, IPLP, IPT, Insignia and Andrew L. Farkas, (vi) Amendment No.
6, filed with the Commission on October 1, 1997, by IPLP Acquisition, IPLP, IPT,
Insignia and Andrew L. Farkas, (vii) Amendment No. 7, filed with the Commission
on October 3, 1997, by IPLP Acquisition, IPLP, IPT, Insignia and Andrew L.
Farkas, (viii) Amendment No. 8, filed with the Commission on October 7, 1997, by
IPLP Acquisition, IPLP, IPT, Insignia and Andrew L. Farkas, (ix) Amendment No.
9, filed with the Commission on November 11, 1997, by IPLP Acquisition, IPLP,
IPT, Insignia and Andrew L. Farkas, (x) Amendment No. 10, filed with the
Commission on October 26, 1998, by IPLP Acquisition, IPLP, IPT, AIMCO OP,
AIMCO-GP, Inc. ("AIMCO-GP") and Apartment Investment and Management Company
("AIMCO"), (xi) Amendment No. 11, filed with the Commission on June 9, 1999, by
IPLP Acquisition, AIMCO/IPT, Inc.("AIMCO/IPT"), IPLP, AIMCO OP, AIMCO-GP and
AIMCO, (xii) Amendment No. 12, filed with the Commission on July 8, 1999, by
IPLP Acquisition, AIMCO/IPT, IPLP, AIMCO OP, AIMCO-GP and AIMCO, (xiii)
Amendment No. 13, filed with the Commission on July 30, 1999, by IPLP
Acquisition, AIMCO/IPT, IPLP, AIMCO OP, AIMCO-GP and AIMCO, (xiv) Amendment No.
14, filed with the Commission on October 25, 1999, by IPLP Acquisition,
AIMCO/IPT, IPLP, AIMCO OP, AIMCO-GP and AIMCO, (xv) Amendment No. 15, filed
with the Commission on November 17, 1999, by IPLP Acquisition, AIMCO/IPT, IPLP,
AIMCO OP, AIMCO-GP and AIMCO, (xvi) Amendment No. 16, filed with the Commission
on November 23, 1999, by IPLP Acquisition, AIMCO/IPT, IPLP, AIMCO OP, AIMCO-GP
and AIMCO, (xvii) Amendment No. 17, dated December 16, 1999, by IPLP
Acquisition, AIMCO/IPT, IPLP, AIMCO OP, AIMCO-GP and AIMCO, and (xviii)
Amendment No. 18, dated January 10, 2000, by AIMCO/IPT, IPLP, AIMCO OP, AIMCO-GP
and AIMCO.
--------------------------------
8
<PAGE> 9
The information in the "Offer to Purchase" of AIMCO Properties, L.P.,
dated July 24, 2000 (the "Offer"), Exhibit (a)(1) hereto, is incorporated herein
by reference in answer to all of the Items of this Schedule TO except as
otherwise set forth below:
Item 3. Identity and Background of Filing Person.
This Statement is being filed by AIMCO Properties, L.P., a Delaware
limited partnership, and, insofar as this Statement constitutes Amendment No. 19
to the Schedule 13D, by AIMCO Properties, L.P., a Delaware limited partnership,
Insignia Properties, L.P., a Delaware limited partnership, AIMCO/IPT, Inc., a
Delaware corporation, AIMCO-GP, Inc., a Delaware corporation, and Apartment
Investments and Management Company, a Maryland corporation (collectively, the
"Reporting Persons"). The principal business of the Reporting Persons is the
ownership, acquisition, development, expansion and management of multi-family
apartment properties. The principal executive offices and telephone number of
the Reporting Persons are located at Colorado Center, Tower Two, 2000 South
Colorado Boulevard, Suite 2-1000, Denver, Colorado 80222; (303) 757-8101.
During the last five years, none of the Reporting Persons nor, to the
best of their knowledge, any of the persons listed in Annex I to the Offer (i)
has been convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors) or (ii) was a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
was or is subject to a judgment, decree or final order enjoining further
violations of or prohibiting activities subject to federal or state securities
laws or finding any violation with respect to such laws.
Item 5. Past Contacts, Transactions, Negotiations and Agreements.
Except as described in the Offer, none of the events set forth in Item
1005(b) of Regulation S-K has occurred.
Item 6. Purposes of the Transaction and Plans or Proposals.
Except as set forth in the Offer, none of the events set forth in Item
1006 (c) of Regulations S-K is planned, proposed or being negotiated.
Item 7. Source and Amount of Funds or Other Consideration.
Except as set forth in the Offer, there are no alternative plans to
finance the tender offer and no plans to repay any borrowed funds used in the
tender offer.
Item 8. Interest in Securities of the Subject Company.
IPLP Acquisition directly owns 3,369.50 Units, IPLP directly owns
25,833.50 Units and AIMCO OP directly owns 12,464 Units (for an aggregate of
41,667 Units), representing 4.5%,
9
<PAGE> 10
34.4% and 15.5%, respectively, or a total of 54.4% of the outstanding Units
based on the 75,000 Units outstanding at July 21, 2000.
AIMCO/IPT and AIMCO may be deemed to beneficially own the Units
directly owned by IPLP by reason of each of their relationships with IPLP.
AIMCO/IPT is the sole general partner of IPLP (owning approximately 66.17% of
the total equity interests). AIMCO/IPT is a wholly owned subsidiary of AIMCO.
AIMCO OP, AIMCO-GP and AIMCO may be deemed to beneficially own the
Units directly owned by IPLP Acquisition by reason of their relationship with
IPLP Acquisition. AIMCO-GP and AIMCO may be deemed to beneficially own the Units
directly owned by AIMCO OP by each of their relationship with AIMCO with AIMCO
OP. IPLP Acquisition is a wholly owned subsidiary of AIMCO OP, and AIMCO-GP is
the sole general partner of AIMCO OP (owning approximately 1% of the total
equity interests). AIMCO-GP is a wholly owned subsidiary of AIMCO.
Accordingly, for purposes of this Statement: (i) IPLP is reporting that
it shares the power to vote or direct the vote and the power to dispose and
direct the disposition of the 25,833.50 Units owned by it; (ii) AIMCO/IPT is
reporting that it shares the power to vote or direct the vote and the power to
dispose or direct the disposition of the 25,833.50 Units directly owned by IPLP;
(iii) IPLP Acquisition is reporting that it shares the power to vote or direct
the vote and the power to dispose or direct the disposition of the 3,369.50
Units directly owned by it; (iv) AIMCO OP is reporting that it shares the power
to vote or direct the power to vote and the power to dispose or direct the
disposition of the 12,464 Units directly owned by it and the 3,369.50 Units
directly owned by IPLP Acquisition; (v) AIMCO-GP is reporting that it shares the
power to vote or direct the disposition of the 12,464 Units owned by AIMCO OP
and the 3,369.50 Units directly owned by IPLP Acquisition; and (vi) AIMCO is
reporting that it shares the power to vote or direct the vote and the power to
dispose or direct the disposition of the 25,833.50 Units directly owned by IPLP,
the 3,369.50 Units owned by IPLP Acquisition and the 12,464 Units directly owned
by AIMCO OP.
Item 10. Financial Statements.
The financial statements included in AIMCO OP's Annual Report on Form
10-K for the year ended December 31, 1999, which are listed on the Index to
Financial Statements on page F-1 of such Report, and the Quarterly Report on
Form 10-Q for the quarter ended March 31, 2000, are incorporated herein by
reference. Such reports may be inspected at the public reference facilities
maintained by the Commission at Judiciary Plaza, 450 Fifth Street, N.W.,
Washington, D.C. 20549; Citicorp Center, 500 West Madison Street, Chicago,
Illinois 60661; and 7 World Trade Center, 13th Floor, New York, New York 10048.
Copies of such material can also be obtained from the Public Reference Room of
the Commission in Washington, D.C. at prescribed rates and from the Commission's
web site at www.sec.gov.
10
<PAGE> 11
Item 12. Exhibits.
(a)(1) Offer to Purchase, dated July 24, 2000
(a)(2) Letter of Transmittal and related Instructions.
(a)(3) Letter, dated July 24, 2000, from AIMCO OP to the limited
partners of the Partnership.
(b)(1) Credit Agreement (Secured Revolving Credit Facility),
dated as of August 16, 1999, among AIMCO Properties,
L.P., Bank of America, Bank Boston, N.A., and First Union
National Bank. (Exhibit 10.1 to AIMCO's Current Report on
Form 8-K, dated August 16, 1999, is incorporated herein
by this reference.)
(b)(2) Amended and Restated Credit Agreement, dated as of March
15, 2000, among AIMCO Properties, L.P., Bank of America,
Bank Boston, N.A., and First Union National Bank.
(Exhibit 10.20 to AIMCO Properties, L.P.'s Annual Report
on Form 10-K for the year ended December 31, 1999, is
incorporated herein by this reference.)
(b)(3) First Amendment to $345,000,000 Amended and Restated
Credit Agreement, dated as of April 14, 2000, among AIMCO
Properties, L.P., Bank of America, as Administrative
Agent, and U.S. Bank National Association, as Lender.
(Exhibit 10.4 to AIMCO's Quarterly Report on Form 10-Q
for the quarter ended March 31, 2000, is incorporated
herein by this reference.)
(d) Not applicable.
(g) Not applicable.
(h) Not applicable.
(z)(1) Agreement of Joint Filing, dated October 25, 1999, among
AIMCO, AIMCO-GP, AIMCO OP, AIMCO/IPT, and IPLP.
(Previously filed.)
Item 13. Information Required by Schedule 13E-3.
Not applicable.
11
<PAGE> 12
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.
Date: July 24, 2000
AIMCO PROPERTIES, L.P.
By: AIMCO-GP, INC.
(General Partner)
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-GP, INC.
By: /s/ Patrick J. Foye
------------------------
Executive Vice President
APARTMENT INVESTMENT
AND MANAGEMENT COMPANY
By: /s/ Patrick J. Foye
------------------------
Executive Vice President
12
<PAGE> 13
INDEX TO EXHIBITS
EXHIBIT
NUMBER DESCRIPTION
------- -----------
(a)(1) Offer to Purchase, dated July 24, 2000
(a)(2) Letter of Transmittal and related Instructions.
(a)(3) Letter, dated July 24, 2000, from AIMCO OP to the limited
partners of the Partnership
(b)(1) Credit Agreement (Secured Revolving Credit Facility), dated as
of August 16, 1999, among AIMCO Properties, L.P., Bank of
America, Bank Boston, N.A., and First Union National Bank.
(Exhibit 10.1 to AIMCO's Current Report on Form 8-K, dated
August 16, 1999, is incorporated herein by this reference.)
(b)(2) Amended and Restated Credit Agreement, dated as of March 15,
2000, among AIMCO Properties, L.P., Bank of America, Bank
Boston, N.A., and First Union National Bank. (Exhibit 10.20 to
AIMCO Properties, L.P.'s Annual Report on Form 10-K for the
year ended December 31, 1999, is incorporated herein by this
reference.)
(b)(3) First Amendment to $345,000,000 Amended and Restated Credit
Agreement, dated as of April 14, 2000, among AIMCO Properties,
L.P., Bank of America, as Administrative Agent, and U.S. Bank
National Association, as Lender. (Exhibit 10.4 to AIMCO's
Quarterly Report on Form 10-Q for quarter ended March 31, 2000,
is incorporated herein by this reference.)
(d) Not applicable.
(g) Not applicable.
(h) Not applicable.
(z)(1) Agreement of Joint Filing, dated October 25, 1999, among AIMCO,
AIMCO-GP, AIMCO OP, AIMCO/IPT and IPLP. (Previously filed.)
