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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
(Amendment No. 2)
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KRUPP REALTY FUND, LTD.-III
(Name of Subject Company)
KRESCENT PARTNERS L.L.C.
(Bidder)
UNITS OF INVESTOR LIMITED PARTNERSHIP INTERESTS
(Title of Class
of Securities)
501128 10 2
(CUSIP Number of Class of Securities)
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W. Edward Scheetz
Krescent Partners L.L.C.
1301 Avenue of the Americas, 38th Floor
New York, NY 10019
Copy to:
Peter M. Fass
Steven L. Lichtenfeld
Battle Fowler LLP
75 East 55th Street
New York, NY 10022
(212) 856-7000
(Name, Address and Telephone Number of
Person Authorized to Receive Notices and
Communications on Behalf of Bidder)
Calculation of Filing Fee
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<CAPTION>
Transaction Amount of
Valuation* Filing Fee
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<S> <C>
$1,611,855 $322.37
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*For purposes of calculating the filing fee only. This amount
assumes the purchase of 5,117 Units of Investor
Limited Partnership Interests ("Units") of the subject company for $315 per
Unit in cash.
{ x } 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
date of its filing.
Amount previously paid: $322.37
Form or registration no.: Schedule 14D-1
Filing party: Krescent Partners L.L.C.
Date filed: November 21, 1996
(Continued on following pages)
(Page 1 of 5 pages)
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<CAPTION>
Cusip No.: 501128 10 2 14D-1 Page 2 of 5
<S> <C> <C>
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1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
KRESCENT PARTNERS L.L.C.
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2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) { }
(b) { }
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3. SEC Use Only
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4. Sources of Funds (See Instructions)
AF; WC
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5. Check Box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(e) or 2(f)
[ ]
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6. Citizenship or Place of Organization
Delaware
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7. Aggregate Amount Beneficially Owned by Each Reporting Person
5 Units of Investor Limited Partnership Interests
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8. Check Box if the Aggregate Amount in Row (7) Excludes
Certain Shares (See Instructions)
[ ]
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9. Percent of Class Represented by Amount in Row (7)
Less than 1%
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10. Type of Reporting Person (See Instructions)
OO
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AMENDMENT NO. 2 TO SCHEDULE 14D-1
This Amendment No. 2 amends the Tender Offer Statement on Schedule
14D-1 filed by Krescent Partners L.L.C., a Delaware limited liability company
(the "Purchaser"), with the Securities and Exchange Commission on November 21,
1996, as amended by Amendment No. 1 dated December 20, 1996, relating to the
tender offer by the Purchaser to purchase up to 5,117 of the issued and
outstanding Units of Investor Limited Partnership Interests (the "Units") of
Krupp Realty Fund, Ltd.-III, a Massachusetts limited partnership (the
"Partnership"), to include the information set forth below. Terms not
otherwise defined herein shall have the meaning ascribed to them in the
Schedule 14D-1 and the Offer to Purchase.
ITEM 10. ADDITIONAL INFORMATION.
Item 10(f) is hereby supplemented and amended as follows:
The information set forth in the press release dated December 31,
1996, a copy of which is attached hereto as Exhibit (a)(5), is incorporated
herein in its entirety by reference.
ITEM 11. MATERIAL TO BE FILED AS EXHIBITS.
Item 11 is hereby supplemented and amended by adding the following, a
copy of which is attached hereto as an exhibit:
99.(a)(5) Press Release dated December 31, 1996.
3
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SIGNATURES
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: December 31, 1996
KRESCENT PARTNERS L.L.C.
By: AP-GP Prom Partners Inc., its
managing member
By: /s/ Richard Mack
------------------------
Name: Richard Mack
Title: Vice President
4
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EXHIBIT INDEX
<TABLE>
<CAPTION>
EXHIBIT
NO. TITLE
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<S> <C>
99.(a)(5) Press Release dated December 31, 1996
</TABLE>
5
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EXHIBIT 99.(a)(5)
FOR IMMEDIATE RELEASE
Contact: The Herman Group, Inc.
800-738-5516
Attention: Sherri Herman
KRESCENT PARTNERS EXTENDS OFFER
NEW YORK, NEW YORK (December 31, 1996) -- KRESCENT PARTNERS L.L.C. has
announced that its offer to purchase outstanding Units of Investor Limited
Partnership Interests ("Units") of Krupp Realty Fund, Ltd.-III (the
"Partnership") for $315 per Unit has been extended and is now scheduled to
expire at 12:00 midnight, New York City time, on January 8, 1997. As of the
close of business on December 30, 1996, 792 Units had been tendered to Krescent
Partners and not withdrawn.
For additional information, contact The Herman Group, Inc., the
Information Agent/Depositary for the Offer by Krescent Partners, at
800-738-5516.
