SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
Information to Be Included In Statements Filed
Pursuant to Rules 13D-1(b), (c), and (d) and Amendments
Thereto Filed Pursuant to Rule 13d-2(b)
(Amendment No. 1)*
CORPORATE REALTY INCOME FUND I, L.P.
- --------------------------------------------------------------------------------
(Name of Issuer)
Depositary Units of Limited Partnership Interest
- --------------------------------------------------------------------------------
(Title of Class of Securities)
22003F107
- --------------------------------------------------------------------------------
(CUSIP Number)
APRIL 27, 2000
- --------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[_] Rule 13d-1(b)
[X] Rule 13d-1(c)
[_] Rule 13d-1(d)
* 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 the
disclosures provided in a prior cover page.
The information required in 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 1 of 10
<PAGE>
SCHEDULE 13G
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CUSIP No. 22003F107
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Page 2 of 10 Pages
----------------------
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
VANCE, TEEL & COMPANY, LTD.
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 216,320
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 216,320
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
216,320
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Approximately 7.25%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
PN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13G
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CUSIP No. 22003F107
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Page 3 of 10 Pages
----------------------
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
VANCE CAPITAL CORPORATION
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 216,320
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 216,320
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
216,320
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Approximately 7.25%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
CO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13G
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CUSIP No. 22003F107
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Page 4 of 10 Pages
----------------------
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
ROBERT F. GOSSETT, JR.
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 54,080
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 54,080
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
54,080
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[X]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Approximately 1.81%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13G
- --------------------------
CUSIP No. 22003F107
- -------------------------- ----------------------
Page 5 of 10 Pages
----------------------
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
PAULINE G. GOSSETT
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 54,080
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 54,080
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
54,080
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[X]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Approximately 1.81%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Item 1(a) Name of Issuer:
The issuer is Corporate Realty Income Fund I, L.P., a Delaware limited
partnership (the "Issuer").
Item 1(b) Address of Issuer's Principal Executive Offices:
The principal executive offices of the Issuer are located at 475 Fifth
Avenue, New York, New York 10017.
Item 2(a) Name of Person Filing:
This statement is being filed by a group consisting of Vance, Teel &
Company, Ltd., a Texas limited partnership ("VTC"), Vance Capital Corporation, a
New York corporation ("VCC") that is the sole general partner of VTC, Robert F.
Gossett, Jr. ("RFG"), the individual general partner of the Issuer, President
and Director of the general partner of the Issuer, and Managing Director of VCC,
and Pauline G. Gossett ("PGG" and, collectively with VTC, VCC and RFG, the
"Filers"), Secretary of the general partner of the Issuer and a Director of VCC.
None of VCC, RFG, and PGG own any of the Issuer's Depositary Units of Limited
Partnership Interest ("Units"). VCC, RFG, and PGG are filing this Schedule 13G
only because they indirectly control the power to vote and dispose of the Units
owned by VTC. Attached hereto as Exhibit 2(a) is an Agreement among the Filers
regarding filing a single Schedule 13G.
Item 2(b) Address of Principal Business Office, or if None, Residence:
Each of the Filers has its principal business office at 406 East 85th
Street, New York, New York 10028.
Item 2(c) Citizenship:
VTC is a Texas limited partnership, VCC is a New York corporation and RFG
and PGG each are United States citizens.
Item 2(d) Title of Class of Securities:
Depositary Units of Limited Partnership Interest.
Item 2(e) CUSIP Number: 22003F107
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b)
or (c), Check Whether the Person Filing is a:
(a) [_] Broker or dealer registered under Section 15 of the Exchange Act.
Page 6 of 10
<PAGE>
(b) [_] Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) [_] Insurance company as defined in Section 3(a)(19) of the Exchange
Act.
(d) [_] Investment company registered under Section 8 of the Investment
Company Act.
(e) [_] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
(f) [_] An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
(g) [_] A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G);
(h) [_] A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act;
(i) [_] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act;
(j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Item 4. Ownership.
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned:
1. VTC - 216,320 Units;
2. VCC - 216,320 Units. This consists solely of the Units owned by
VTC;
3. RPG - 54,080 Units. This represents RFG's 25% interest in VTC and
excludes the beneficial interests of PGG (RFG's wife) and RFG's two
adult children, as to which RFG disclaims beneficial ownership; and
4. PGG - 54,080 Units. This represents PGG's 25% interest in VTC and
excludes the beneficial interests of RFG (PGG's husband) and PGG's two
adult children, as to which PGG disclaims beneficial ownership.
Page 7 of 10
<PAGE>
(b) Percent of class:
1. VTC - Approximately 7.25%;
2. VCC - Approximately 7.25%;
3. RFG - Approximately 1.81%; and
4. PGG - Approximately 1.81%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: A. VTC - 216,320; B. VCC -
216,320; C. RFG - 54,080; D. PGG - 54,080.
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of: A. VTC -
216,320; B. VCC - 216,320; C. RFG - 54,080; D. PGG - 54,080.
(iv) Shared power to dispose or to direct the disposition of: 0
Instruction: For computations regarding securities which represent a right
to acquire an underlying security see Rule 13d-3(d)(1).
Item 5 Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [ ].
Instruction. Dissolution of a group requires a response to this item.
Item 6 Ownership of More than Five Percent on Behalf of Another Person:
Not Applicable.
Item 7 Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company or Control
Person:
Not Applicable.
Item 8 Identification and Classification of Members of the Group:
As described in Item 2(a) above, this statement is being filed by a group
consisting of VTC, VCC, RFG, AND PGG.
Page 8 of 10
<PAGE>
Item 9 Notice of Dissolution of Group:
Not Applicable.
Item 10 Certifications:
By signing below each of the undersigned certifies that, to the best of its
knowledge and belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are not held
in connection with or as a participant in any transaction having that purpose or
effect.
Page 9 of 10
<PAGE>
SIGNATURES
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: May 5, 2000 VANCE, TEEL & COMPANY, LTD.
BY: VANCE CAPITAL CORPORATION,
General Partner
BY: /s/ Robert F. Gossett, Jr.
-------------------------------------
Robert F. Gossett, Jr., Managing
Director
Dated: May 5, 2000 VANCE CAPITAL CORPORATION
BY: /s/ Robert F. Gossett, Jr.
------------------------------------
Robert F. Gossett, Jr., Managing
Director
Dated: May 5, 2000 BY: /s/ Robert F. Gossett, Jr.
------------------------------------
Robert F. Gossett, Jr.
Dated: May 5, 2000 /s/ Pauline G. Gossett
------------------------------------
Pauline G. Gossett
Page 10 of 10
EXHIBIT 2 (a)
<PAGE>
AGREEMENT AMONG FILERS
The undersigned filers (the "Filers") hereby agree as follows:
WHEREAS, Vance, Teel & Company, Ltd. has purchased depositary units of
limited partnership interest of Corporate Realty Income Fund I, L.P.; and
WHEREAS, the Filers are obligated to file Statements on Schedule 13G with
the United States Securities and Exchange Commission (the "SEC") to report their
purchases of such securities;
NOW, THEREFORE, the undersigned hereby agree that a single Statement on
Schedule 13G be filed with the SEC on behalf of each of them.
Dated: May 5, 2000 VANCE, TEEL & COMPANY, LTD.
BY: VANCE CAPITAL CORPORATION,
General Partner
BY: /s/ Robert F. Gossett, Jr.
------------------------------------
Robert F. Gossett, Jr., Managing
Director
Dated: May 5, 2000 VANCE CAPITAL CORPORATION
BY: /s/ Robert F. Gossett, Jr.
------------------------------------
Robert F. Gossett, Jr., Managing
Director
Dated: May 5, 2000 /s/ Robert F. Gossett, Jr.
------------------------------------
Robert F. Gossett, Jr.
Dated: May 5, 2000 /s/ Pauline G. Gossett
------------------------------------
Pauline G. Gossett
