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OMB APPROVAL
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OMB Number 3235-0104
Expires: September 30, 1998
Estimated average burden
hours per response .....0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
LF Strategic Realty Investors L.P.
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(Last) (First) (Middle)
c/o Lazard Freres Real Estate Investors L.L.C.
30 Rockefeler Plaza, 63rd Floor
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(Street)
New York, NY 10020
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
12/7/98
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
United Dominion Realty Trust, Inc. (UDR)
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ ] Director [ x ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint/Group Filing (Check applicable line)
[ x ] Form Filed by One Reporting Person
[ ] Form Filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Beneficially Owned
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<TABLE>
<CAPTION>
3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr.5)
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<S> <C> <C> <C>
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the Form is filed by more than one Reporting Person, see
Instruction 5(b)(v)
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<PAGE>
FORM 3 (continued)
TABLE II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr.5) (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
Series D Preferred Stock 12/7/98 none Common Stock 12,307,692 $16.25 D
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</TABLE>
Explanation of Responses:
The sole general partner of the Reporting Person is Lazard Freres Real
Estate Investors L.L.C. ("LFREI"), which is an affiliate of Lazard Freres &
Co. LLC ("Lazard"). LFREI and Lazard each disclaims beneficial ownership of
the shares of Series D Preferred Stock of the Issuer reported in this form,
except to the extent of their pecuniary interest therein, if any.
LF STRATEGIC REALTY INVESTORS L.P.
by Lazard Freres Real Estate Investors L.L.C.,
its General Partner
by /s/ Robert P. Freeman December 17, 1998
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Name: Robert P. Freeman Date
Title:Principal
**Signature of Reporting Person
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form displays
a currently valid OMB Number.
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