CONSOLIDATED CAPITAL PROPERTIES V
SC 14D9/A, 1999-07-16
REAL ESTATE INVESTMENT TRUSTS
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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

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

                                 SCHEDULE 14D-9
                               (Amendment No. 1)

               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 AIMCO Properties, L.P., a Delaware limited partnership
         (the "AIMCO OP"), with its business address located at 1873 South
         Bellaire Street, 17th Floor, Denver, Colorado 80222.

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)        The tender offer is being made pursuant to an Offer to
                    Purchase, dated June 2, 1999 (the "Offer to Purchase"), a
                    copy of which is included as Exhibit (a)(2) hereto. The
                    information set forth in the Offer to Purchase under "The
                    Offer -- Section 9. Background and Reasons for the Offer"
                    and "The Offer -- Section 11. Conflicts of Interest" and
                    Transaction with Affiliates in the Offer to Purchase is
                    incorporated herein by reference.

ITEM 4.             THE SOLICITATION OR RECOMMENDATION.

         (a), (b) The information in the Offer to Purchase of AIMCO Properties,
         L.P. and the Supplement to the Offer to Purchase, dated June 11, 1999,
         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. The information in the Supplement to the Offer to
         Purchase (together with the Supplement to the Offer to Purchase, dated
         June 11, 1999, the "Supplements"), dated July 1, 1999, a copy of which
         is included as Exhibit (a)(5) hereto, is also incorporated herein by
         reference.


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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 9. Background and Reasons for the
                    Offer -- Prior Tender Offers" and "The Offer -- Section 13.
                    Certain Information Concerning Your Partnership --
                    Beneficial Ownership of Interests in Your Partnership is
                    incorporated herein by reference."

         (b)        Units held by AIMCO Properties, L.P. or its affiliates will
                    not be tendered.

ITEM 7.             CERTAIN NEGOTIATIONS AND TRANSACTIONS BY THE
                    SUBJECT COMPANY.

         (a) - (b)  Not Applicable.

ITEM 8.             ADDITIONAL INFORMATION TO BE FURNISHED.

                    The Offer to Purchase and the Supplements are incorporated
         herein by reference.

ITEM 9.             MATERIAL TO BE FILED AS EXHIBITS

         (a)(1)     Letter to Limited Partners, dated June 2, 1999 (previously
                    filed).

         (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 hereby by reference).

         (a)(3)     Letter of Transmittal, dated June 2, 1999 (Exhibit (a)(2) to
                    the Schedule 14D-1 of AIMCO Properties, L.P., dated June 2,
                    1999, is incorporated herein by reference).

         (a)(4)     Supplement to the Offer to Purchase, dated June 11, 1999
                    (Exhibit (a)(4) to Amendment No. 1 to the Schedule 14D-1 of
                    AIMCO


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                    Properties, L.P., dated June 11, 1999, is incorporated
                    herein by reference).

         (a)(5)     Supplement to the Offer to Purchase, dated July 1, 1999
                    (Exhibit (a)(6) to Amendment No. 2 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 16, 1999


                                   CONSOLIDATED CAPITAL PROPERTIES V
                                   a California limited partnership



                                   By:      CONCAP EQUITIES, INC.
                                            its General Partner

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

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