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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 14D-9
SOLICITATION/RECOMMENDATION STATEMENT PURSUANT TO
SECTION 14(d)(4) OF THE SECURITIES EXCHANGE ACT OF 1934
CONSOLIDATED CAPITAL PROPERTIES V
(Name of Subject Company)
CONSOLIDATED CAPITAL PROPERTIES V
(Name of Persons Filing Statement)
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 Notice
and Communications on Behalf of the Person(s) Filing Statement)
COPY TO:
Jonathan L. Friedman
Skadden, Arps, Slate, Meagher & Flom LLP
300 South Grand Avenue, 34th Floor
Los Angeles, California 90071
(213) 687-5000
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ITEM 1. SECURITY AND SUBJECT COMPANY.
This Statement relates to units of limited partnership interest of
Consolidated Capital Properties V, a California limited partnership (the
"Partnership"), with its business address located at 1873 South Bellaire
Street, 17th Floor, Denver, Colorado 80222.
ITEM 2. TENDER OFFER OF THE BIDDER
This Statement relates to a tender offer for units of the Partnership
by Peachtree Partners, with its business address located at 3116 E. Shea
Boulevard, Phoeniz, Arizona 85028.
ITEM 3. IDENTITY AND BACKGROUND
(a) The name and business address of the Partnership, which is the
person filing this Statement, are set forth in Item 1 above.
(b) Not applicable.
ITEM 4. THE SOLICITATION OR RECOMMENDATION.
(a), (b) The information in the "Offer to Purchase" of AIMCO
Properties, L.P. (the "Offer to Purchase") and the Supplement to the
Offer to Purchase, dated July 1, 1999 (the "Supplement"), copies of
which are included as Exhibits (a)(2) and (a)(4) hereto, respectively,
under "The Offer -- Section 10. Position of the General Partner of
Your Partnership With Respect to the Offer" is incorporated herein by
reference.
ITEM 5. PERSONS RETAINED, EMPLOYED OR TO BE COMPENSATED.
Not applicable.
ITEM 6. RECENT TRANSACTIONS AND INTENT WITH RESPECT TO SECURITIES.
(a) The information set forth in the Offer to Purchase under "The Offer --
Section 13. Certain Information Concerning Your Partnership--
Beneficial Ownership of Interests in Your Partnership" is incorporated
herein by reference.
(b) AIMCO Properties, L.P., an affiliate of the Partnership, is making
a tender offer for units in the Partnership. The information in the
Offer to Purchase and Supplement is hereby incorporated herein by
reference.
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ITEM 7. CERTAIN NEGOTIATIONS AND TRANSACTIONS BY THE SUBJECT COMPANY.
(a)-(b) The information in the Supplement is hereby incorporated herein
by reference.
ITEM 8. ADDITIONAL INFORMATION TO BE FURNISHED.
The Offer to Purchase and the Supplement are incorporated herein by
reference.
ITEM 9. MATERIAL TO BE FILED AS EXHIBITS
(a)(1) Letter to Limited Partners, dated July 1, 1999.
(a)(2) Offer to Purchase, dated June 2, 1999 (Exhibit (a)(1) to the
Schedule 14D-1 of AIMCO Properties, L.P., dated June 2, 1999, is
incorporated herein by reference).
(a)(3) Letter of Transmittal, dated July 1, 1999 (Exhibit (a)(2) to
Amendment No. 1 to the Schedule 14D-1 of AIMCO Properties, L.P., dated
July 1, 1999 is incorporated herein by reference).
(a)(4) Supplement to Offer to Purchase, dated July 1, 1999 (Exhibit (a)(4)
to Amendment No. 1 to the Schedule 14D-1 of AIMCO Properties, L.P.,
dated July 1, 1999 is incorporated herein by reference).
(b) Not Applicable.
(c) Not Applicable.
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SIGNATURE
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: July 1, 1999
CONSOLIDATED CAPITAL PROPERTIES V
a California limited partnership
By: CONCAP EQUITIES, INC.
its General Partner
By: /s/ Patrick J. Foye
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Executive Vice President
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EXHIBIT INDEX
<TABLE>
<CAPTION>
EXHIBIT NO. DESCRIPTION
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<S> <C>
(a)(1) Letter to Limited Partners, dated July 1, 1999.
(a)(2) Offer to Purchase, dated June 2, 1999 (Exhibit (a)(1) to the
Schedule 14D-1 of AIMCO Properties, L.P., dated June 2, 1999,
is incorporated herein by reference).
(a)(3) Letter of Transmittal, dated July 1, 1999 (Exhibit (a)(2)
to Amendment No. 1 to the Schedule 14D-1 of AIMCO
Properties, L.P., dated July 1, 1999 is incorporated by
reference).
(a)(4) Supplement to Offer to Purchase, dated July 1, 1999 (Exhibit
(a)(4) to Amendment No. 1 to the Schedule 14D-1 of AIMCO
Properties, L.P., dated July 1, 1999 is incorporated by
reference).
(b) Not Applicable.
(c) Not Applicable.
</TABLE>
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Exhibit (a)(1)
CONSOLIDATED CAPITAL PROPERTIES V
55 Beattie Place, P.O. Box 2347
Greenville, South Carolina 29602
July 1, 1999
Dear Limited Partner:
We understand that you have received from Peachtree Partners an offer
to purchase up to 4.9% of the outstanding limited partnership units at $28 per
unit of Consolidated Capital Properties V (the "Partnership").
The Partnership, through its general partner, ConCap Equities, Inc.
(the "General Partner"), is required by the rules of the Securities and Exchange
Commission to make a recommendation whether you should accept or reject such
offer, or whether the Partnership is remaining neutral with respect to such
offer. The General Partner is not making any recommendation with respect to such
offer for the reason set forth under "The Offer - Section 10. Position of Your
General Partner of Your Partnership with Respect to the Offer" in the enclosed
Supplement, dated July 1, 1999, to the Offer to Purchase, dated June 2, 1999, of
AIMCO Properties, L.P. However, it should be noted that such offer is at a lower
price and for less units than the offer being made by AIMCO Properties, L.P.,
which is for 55,455.45 units at $30 per unit.
Please note that the General Partner is an affiliate of AIMCO
Properties, L.P.
If you have any questions or would like further information about other
possible opportunities to sell your units, please contract River Oaks
Partnership Services, Inc. at (888) 349-2005.
CONCAP EQUITIES, INC.
General Partner
By: /s/ Patrick J. Foye
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Patrick J. Foye
Executive Vice President
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