SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
------------
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. 5)(1)
INTEGRATED RESOURCES HIGH EQUITY PARTNERS, SERIES 85,
A CALIFORNIA LIMITED PARTNERSHIP.
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(Name of Issuer)
Units of Limited Partnership Interest
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(Title of Class of Securities)
--------------------------------------------------------------------------------
(CUSIP Number)
David J. Heymann, Esq. Mark I. Fisher, Esq.
100 Jericho Quadrangle, Suite 214 c/o Rosenman & Colin LLP
Jericho, New York 11753 575 Madison Avenue
(516) 681-3636 New York, New York 10022
(212) 940-8877
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 12, 2000
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(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(b)(3) or (A), check the following box |_|.
Note. Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits. See Rule
13d-1(a) for other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 14 Pages)
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(1) 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 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).
<PAGE>
CUSIP No. SCHEDULE 13D Page 2 of 14 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Millennium Funding II Corp.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |X|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
None
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 73,033
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON
WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
73,033
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
73,033
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
18.26%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. SCHEDULE 13D Page 3 of 14 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Presidio Capital Corp.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |X|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
None
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 73,033
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
73,033
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
73,033
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
18.26%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
HC
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. SCHEDULE 13D Page 4 of 14 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Presidio Capital Investment Company, LLC
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |X|
(b) |_|
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3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
None
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 118,886
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
118,886
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
118,886
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
29.72%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. SCHEDULE 13D Page 5 of 14 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
NorthStar Presidio Capital Holding Corp.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |X|
(b) |_|
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3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
None
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 118,886
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
118,886
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
118,886
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
29.72%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
HC
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. SCHEDULE 13D Page 6 of 14 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
NorthStar Presidio Management Company LLC
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |X|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
None
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 73,033
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
73,033
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
73,033
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
18.26%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. SCHEDULE 13D Page 7 of 14 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
NorthStar Partnership, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |X|
(b) |_|
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3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
None
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 118,886
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
118,886
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
118,886
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
29.72%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. SCHEDULE 13D Page 8 of 14 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
NorthStar Capital Investment Corp.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |X|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
None
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 118,886
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
118,886
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
118,886
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
29.72%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. SCHEDULE 13D Page 9 of 14 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Millennium Funding I LLC
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |X|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
None
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,351
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,351
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,351
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.84%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. SCHEDULE 13D Page 10 of 14 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Millennium Funding II LLC
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |X|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
None
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 42,502
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
42,502
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
42,502
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.63%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
This Amendment No. 5 is being filed by Millennium Funding II Corp.,
Millennium Funding I LLC, Millennium Funding II LLC, Presidio Capital Corp.,
Presidio Capital Investment Company, LLC, NorthStar Presidio Capital Holding
Corp., NorthStar Presidio Management Company LLC, NorthStar Partnership, L.P.
and NorthStar Capital Investment Corp. and amends the statement on Schedule 13D
dated June 11, 1997 (the "Schedule 13D"), which was filed by Millennium Funding
Corp., Millennium Funding II Corp. and Presidio Capital Corp., as amended by (i)
Amendment No. 1 dated December 23, 1997, which was filed by Millennium Funding
Corp., Millennium Funding II Corp. and Presidio Capital Corp.; (ii) Amendment
No. 2 dated February 18, 1998, which was filed by Millennium Funding Corp.,
Millennium Funding II Corp., Presidio Capital Corp., Presidio Holding Company
LLC, NorthStar Presidio Management Company, LLC, NorthStar Operating, LLC,
NorthStar Capital Partners, LLC, NorthStar Capital Holdings I, LLC, W. Edward
Scheetz and David T. Hamamoto; (iii) Amendment No. 3 dated October 30, 1998,
which was filed by Millennium Funding II Corp., NorthStar Capital Holdings I,
LLC, NorthStar Capital Partners, LLC, NorthStar Operating, LLC, NorthStar
Presidio Management Company, LLC, Presidio Capital Corp., Presidio Capital
Investment Company, Presidio Holding Company, LLC, W. Edward Scheetz and David
Hamamoto and (iv) Amendment No. 4 dated October 29, 1998 and filed on February
10, 2000 by Millennium Funding II Corp., Millennium Funding I LLC, Millennium
Funding II LLC, Presidio Capital Corp., Presidio Capital Investment Company,
LLC, NorthStar Presidio Capital Holding Corp., NorthStar Presidio Management
Company LLC, NorthStar Partnership, L.P. and NorthStar Capital Investment Corp.
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 is hereby amended by adding the following information:
On October 12, 2000 Millennium Funding II LLC ("Millennium II")
purchased 15,566 units of limited partnership interest in Integrated Resources
High Equity Partners, Series 85, A California Limited Partnership (the "HEP 85
Units") from Olympia Investors L.P. The HEP 85 Units were purchased as a result
of the exercise by Olympia Investors, L.P. of its right to cause the purchase of
the HEP 85 Units as well as the purchase of 16,365 units of limited partnership
interest (the "HEP 86 Units") in High Equity Partners L.P. - Series 86 and 7,477
units of limited partnership interest (the "HEP 88 Units") in High Equity
Partners L.P. - Series 88. The HEP 86 and HEP 88 Units were purchased by
affiliates of Millennium II. The aggregate purchase price for the HEP 85 Units,
the HEP 86 Units and the HEP 88 Units was $7,500,000. The source of funds for
the purchase was capital contributions from Presidio Capital Investment Company,
LLC ("PCIC").
Item 5. Interest in Securities of the Issuer.
Items 5(a) and (b) are hereby amended and restated as follows:
(a-b) The aggregate percentage of the outstanding limited
partnership interests (the "Units") reported owned by each Reporting Person is
based upon 400,010 outstanding Units.
Page 11 of 14
<PAGE>
As of the close of business on October 16, 2000:
(i) Millennium Funding II Corp. ("MFC II") owns 73,033 Units
which constitute approximately 18.26% of Units outstanding. MFC II has
shared power to vote and dispose of all such Units;
(ii) Millennium Funding I LLC ("Millennium LLC") owns 3,351
Units which constitute approximately 0.84% of the Units outstanding.
Millennium LLC has shared power to vote and dispose of all such Units;
(iii) Millennium II owns 42,502 Units which constitute
approximately 10.63% of the Units outstanding. Millennium II has shared
power to vote and dispose of all such Units;
(iv) MFC II is wholly-owned by Presidio Capital Corp.
("Presidio"). Accordingly, Presidio may be deemed to beneficially own the
73,033 Units held by MFC II. Such Units constitute approximately 18.26% of
the outstanding Units. Presidio has shared power to vote and dispose of
all such Units;
(vi) Each of Presidio, Millennium LLC and Millennium II is
wholly-owned by Presidio Capital Investment Company, LLC ("PCIC").
Accordingly, PCIC may be deemed to beneficially own the aggregate 118,886
Units which are beneficially owned by Presidio, Millennium II and
Millennium LLC. Such Units constitute approximately 29.72% of the
outstanding Units. PCIC has shared power to vote and dispose of all such
Units;
(vii) The majority interest in PCIC is held by NorthStar
Presidio Capital Holding Corp. ("NP Holding"). Accordingly, NP Holding may
be deemed to beneficially own the aggregate 118,886 Units which are
beneficially owned by PCIC. Such Units constitute approximately 29.72% of
the outstanding Units. NP Holding has shared power to vote and dispose of
all such Units;
(viii) NP Holding is wholly-owned by NorthStar Partnership,
L.P. ("NorthStar Partnership"). Accordingly, NorthStar Partnership may be
deemed to beneficially own the aggregate 118,886 Units which are
beneficially owned by NP Holding. Such Units constitute approximately
29.72% of the outstanding Units. NorthStar Partnership has shared power to
vote and dispose of all such Units;
(ix) NorthStar Capital Investment Corp. ("NCIC") is the
general partner and majority owner of NorthStar Partnership. Accordingly,
NCIC may be deemed to beneficially own the aggregate 118,886 Units which
are beneficially owned by NorthStar Partnership. Such Units constitute
approximately 29.72% of the outstanding Units. NCIC has shared power to
vote and dispose of all such Units; and
(x) Pursuant to a management agreement dated as of November 4,
1997 (the "Management Agreement"), Presidio and its subsidiaries are
managed by NorthStar Presidio Management Company LLC ("NorthStar"). Under
the Management Agreement, subject to certain restrictions, NorthStar has
full discretion and authority to manage Presidio's assets. Accordingly,
NorthStar may be deemed to be the beneficial owner of the 73,033 Units
which are beneficially owned by Presidio. Such Units constitute
Page 12 of 14
<PAGE>
approximately 18.26% of the outstanding Units. NorthStar has shared power
to vote and dispose of all such Units.
Item 5(c) is hereby amended to add the following information:
(c) On October 12, 2000, Millennium II purchased 15,566 Units. See
Item 3 for additional information on the purchase.
Page 13 of 14
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of their knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.
Dated: October 19, 2000
MILLENNIUM FUNDING II CORP. NORTHSTAR PARTNERSHIP, L.P.
By: /s/ Peter Braverman By: NorthStar Capital Investment
-------------------------------------- Corp., its general partner
Name: Peter Braverman
Title: Vice President By: /s/ David King
-------------------------------
Name: David King
PRESIDIO CAPITAL CORP. Title: Vice President
By: /s/ Peter Braverman
-------------------------------------- NORTHSTAR PRESIDIO MANAGEMENT
Name: Peter Braverman COMPANY LLC
Title: Vice President
By: NorthStar Partnership,
L.P., its sole member
PRESIDIO CAPITAL INVESTMENT
COMPANY, LLC By: NorthStar Capital Investment
Corp., its general partner
By: /s/ David King
-------------------------------------- By: /s/ David King
Name: David King -------------------------------
Title: President Name: David King
Title: Vice President
NORTHSTAR PRESIDIO CAPITAL
HOLDING CORP. MILLENNIUM FUNDING I LLC
By: /s/ David King By: Presidio Capital Investment
-------------------------------------- Company LLC, its sole member
Name: David King
Title: Vice President By: /s/ David King
-------------------------------
Name: David King
NORTHSTAR CAPITAL Title: President
INVESTMENT CORP.
By: /s/ David King MILLENNIUM FUNDING II LLC
--------------------------------------
Name: David King By: Presidio Capital Investment
Title: Vice President Company LLC, its sole member
By: /s/ David King
-------------------------------
Name: David King
Title: President
Page 14 of 14
