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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_________________
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)
__________________
SPRINGHILL LAKE INVESTORS LIMITED PARTNERSHIP
(Name of Issuer)
UNITS OF LIMITED PARTNERSHIP INTERESTS
(Title of Class of Securities)
NONE
(CUSIP Number)
__________________
AQUARIUS ACQUISITION, L.P.
C/O NOMURA ASSET CAPITAL CORPORATION
TWO WORLD FINANCIAL CENTER
NEW YORK, NEW YORK 10005
(212) 667-2250
(Name, Address, and Telephone Number of Person
Authorized to Receive Notices and Communications)
_________________
MAY 24, 1995
(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 which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with this statement [ ].
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Page 1 of Pages
Exhibit Index Appears on Page
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<S> <C> <C>
1. NAME OF REPORTING PERSON
S.S. OR I.R.S IDENTIFICATION NO. OF ABOVE PERSON
Aquarius Acquisition, L.P.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A (a) [ ]
GROUP (b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS AF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS [ ]
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
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6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
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NUMBER OF 7. SOLE VOTING POWER 233.65
SHARES ------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER N/A
OWNED BY ------------------------------------------------------
EACH 9. SOLE DISPOSITIVE POWER 233.65
REPORTING ------------------------------------------------------
PERSON WITH 10. SHARED DISPOSITIVE POWER N/A
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 233.65
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12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 36.0%
(11)
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14. TYPE OF REPORTING PERSON PN
</TABLE>
<TABLE>
<S> <C> <C>
1. NAME OF REPORTING PERSON
S.S. OR I.R.S IDENTIFICATION NO. OF ABOVE
PERSON
Nomura Asset Capital Corporation
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A (a) [ ]
GROUP (b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS WC
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5. CHECK BOX IF DISCLOSURE OF LEGAL [ ]
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e)
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6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
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NUMBER OF 7. SOLE VOTING POWER 233.65
SHARES ---------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER N/A
OWNED BY ---------------------------------------------------------
EACH 9. SOLE DISPOSITIVE POWER 233.65
REPORTING ---------------------------------------------------------
PERSON WITH 10. SHARED DISPOSITIVE POWER N/A
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 233.65
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12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 36.0%
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14. TYPE OF REPORTING PERSON CO
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ITEM 1. SECURITY AND ISSUER.
This Amendment No. 2 to Statement on Schedule 13D relates to Units
("Units") of limited partnership interests of Springhill Lake Investors Limited
Partnership, a Maryland limited partnership (the "Partnership"), which has its
principal offices at c/o Three Winthrop Properties, Inc., One International
Place, Boston, Massachusetts 02110. Capitalized terms used in this
Amendment No. 2 and not defined herein shall have the meanings set forth in the
Tender Offer Statement on Schedule 14D-1, as amended, filed by Aquarius
Acquisition, L.P., a Delaware limited partnership ("Aquarius"), with the
Securities and Exchange Commission.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
From April 11, 1995 to May 24, 1995, Aquarius purchased 7.5 Units in
private transactions for a total consideration of $258,000. All funds necessary
for these purchases were obtained from the Facility.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) Each of Aquarius and NACC is the beneficial owner of 233.65 Units, as
determined in accordance with Rule 13d-3 of the Securities Exchange Act of 1934,
as amended ("Rule 13d-3"). The 233.65 Units represent, in accordance with Rule
13d-3, approximately 36.0% of the 649 Units outstanding as of May 24, 1995.
(b) Aquarius and NACC have the sole power to vote and dispose of all
233.65 Units.
SIGNATURES
After reasonable inquiry and to the best of his knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
Date: June 9, 1995
AQUARIUS ACQUISITION, L.P.
By: Partnership Acquisition Trust I,
its General Partner
By: WILMINGTON TRUST COMPANY,
as Trustee and not in its individual
capacity
By: /s/ David A. Vanaskey, Jr.
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Name: David A. Vanaskey, Jr.
Title: Senior Financial Services Officer
NOMURA ASSET CAPITAL CORPORATION
By: /s/ Daniel S. Abrams
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Name: Daniel S. Abrams
Title: Vice President
