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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 10)*
LNH REIT, INC.
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(Name of Issuer)
Common Stock, $.50 par value per share
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(Title of Class of Securities)
501620108000
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(CUSIP Number)
N. Keith McKey
300 One Jackson Place, 188 East Capitol Street
Jackson, Mississippi 39201; (601) 948-4091
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 6, 1995
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(Date of Event which Requires Filing
of the Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the statement [ ]. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
This Document contains 4 Pages.
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AMENDMENT NO. 10
TO
SCHEDULE 13D
LNH REIT, INC.
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The Statement on Schedule 13D with respect to the shares of common
stock, $.50 par value per share ("Shares"), of LNH REIT, Inc. (the "Issuer"), a
Maryland corporation, filed with the Securities and Exchange Commission by
EastGroup Properties ("EastGroup"), as amended by Amendments 1 through 9 (the
"Schedule 13D"), is hereby further amended as follows:
ITEM 4. Purpose of Transaction.
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[Item 4 of the Schedule 13D is hereby amended by the addition of the
following:]
On September 6, 1995, EastGroup and the Issuer jointly issued the
Press Release attached hereto as Exhibit V, which is incorporated
herein by reference.
ITEM 7. Material to be filed as Exhibits.
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[Item 7 is amended by the addition of the following exhibit:]
Attached hereto as Exhibit V is the Press Release dated September 6,
1995 issued jointly by EastGroup and the Issuer.
Page 2 of 4 Pages
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SIGNATURE
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After reasonable 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: September 7, 1995
EASTGROUP PROPERTIES
By: /s/ David H. Hoster II
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David H. Hoster II
President
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EXHIBIT V
EASTGROUP PROPERTIES
LNH REIT, INC.
NEWS RELEASE FOR MORE INFORMATION CONTACT:
David H. Hoster II, President of
EastGroup Properties and LNH REIT, Inc.
N. Keith McKey, Chief Financial Officer
of EastGroup Properties and LNH REIT, Inc.
(601)354-3555
EASTGROUP PROPERTIES AND LNH REIT, INC.
ANNOUNCE AGREEMENT IN PRINCIPLE TO MERGE
JACKSON, MISSISSIPPI, SEPTEMBER 6, 1995 - EASTGROUP PROPERTIES
(NYSE-EGP) and LNH REIT, INC. (NYSE-LHC) announced today that Special
Committees of their Boards have agreed in principle to a merger between LNH
REIT, Inc. ("LNH") and EastGroup Properties or a wholly-owned subsidiary of
EastGroup. LNH shareholders would receive shares of EastGroup with a value of
$7.75 for each LNH share. The number of EastGroup shares that LNH shareholders
receive will be determined by dividing the value $7.75 by the average trading
price of EastGroup shares during the 30 trading days prior to the date the
Securities and Exchange Commission declares EastGroup's registration statement
effective. The exchange ratio may not be greater than .40 EastGroup share or
less than .375 EastGroup share per LNH share.
EastGroup presently owns 23.4% of LNH. The merger is subject to several
conditions, including execution and approval of the merger agreement by the
Boards of each company, shareholder approval, receipt of satisfactory fairness
opinions by LNH and EastGroup, and registration of the EastGroup shares to be
issued in the merger with the Securities and Exchange Commission.
# # # #
P.O. BOX 22728 - JACKSON, MS 39225-2728 - 300 ONE JACKSON PLACE
188 EAST CAPITOL STREET - JACKSON, MS 39201-2195
TEL 601 354 3555 - FAX 601 949 4077
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