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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
------------------------
SCHEDULE 14D-1/A
TENDER OFFER STATEMENT PURSUANT TO SECTION 14(d)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 5)
(FINAL AMENDMENT)
------------------------
VMS INVESTORS FIRST-STAGED EQUITY L.P. II
(Name of Subject Company)
COOPER RIVER PROPERTIES, L.L.C.
INSIGNIA PROPERTIES, L.P.
INSIGNIA PROPERTIES TRUST
APARTMENT INVESTMENT AND MANAGEMENT COMPANY
(Bidders)
UNITS OF LIMITED PARTNERSHIP INTEREST
(Title of Class of Securities)
NONE
(Cusip Number of Class of Securities)
------------------------
PATRICK J. FOYE
EXECUTIVE VICE PRESIDENT
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 Notices and Communications on Behalf of Bidders)
Copy to:
JOHN A. HEALY, ESQ.
ROGERS & WELLS LLP
200 PARK AVENUE
NEW YORK, NEW YORK 10166
(212) 878-8000
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- ---------------- -------------
CUSIP No. NONE 14D-1/A Page 2
- ---------------- -------------
================================================================================
1. Name of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
COOPER RIVER PROPERTIES, L.L.C.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a)[ ]
(b)[X]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Sources of Funds
AF
- --------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(e) or 2(f)
[ ]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
DELAWARE
- --------------------------------------------------------------------------------
7. Aggregate Amount Beneficially Owned by Each Reporting Person
3,890.167
- --------------------------------------------------------------------------------
8. Check if the Aggregate Amount in Row 7 Excludes Certain Shares
[ ]
- --------------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row 7
15.4%
- --------------------------------------------------------------------------------
10. Type of Reporting Person
OO
================================================================================
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- ---------------- -------------
CUSIP No. NONE 14D-1/A Page 3
- ---------------- -------------
================================================================================
1. Name of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
INSIGNIA PROPERTIES, L.P.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a)[ ]
(b)[X]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Sources of Funds
WC
- --------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(e) or 2(f)
[ ]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
DELAWARE
- --------------------------------------------------------------------------------
7. Aggregate Amount Beneficially Owned by Each Reporting Person
3,890.167
- --------------------------------------------------------------------------------
8. Check if the Aggregate Amount in Row 7 Excludes Certain Shares
[ ]
- --------------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row 7
15.4%
- --------------------------------------------------------------------------------
10. Type of Reporting Person
PN
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<PAGE> 4
- ---------------- -------------
CUSIP No. NONE 14D-1/A Page 4
- ---------------- -------------
================================================================================
1. Name of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
INSIGNIA PROPERTIES TRUST
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a)[ ]
(b)[X]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Sources of Funds
NOT APPLICABLE
- --------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(e) or 2(f)
[ ]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
MARYLAND
- --------------------------------------------------------------------------------
7. Aggregate Amount Beneficially Owned by Each Reporting Person
3,890.167
- --------------------------------------------------------------------------------
8. Check if the Aggregate Amount in Row 7 Excludes Certain Shares
[ ]
- --------------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row 7
15.4%
- --------------------------------------------------------------------------------
10. Type of Reporting Person
OO
================================================================================
<PAGE> 5
- ---------------- -------------
CUSIP No. NONE 14D-1/A Page 5
- ---------------- -------------
================================================================================
1. Name of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
APARTMENT INVESTMENT AND MANAGEMENT COMPANY
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a)[ ]
(b)[X]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Sources of Funds
NOT APPLICABLE
- --------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(e) or 2(f)
[ ]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
MARYLAND
- --------------------------------------------------------------------------------
7. Aggregate Amount Beneficially Owned by Each Reporting Person
3,890.167
- --------------------------------------------------------------------------------
8. Check if the Aggregate Amount in Row 7 Excludes Certain Shares
[ ]
- --------------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row 7
15.4%
- --------------------------------------------------------------------------------
10. Type of Reporting Person
CO
================================================================================
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AMENDMENT NO. 5 TO SCHEDULE 14D-1
This Amendment No. 5 constitutes the final amendment to the Tender
Offer Statement on Schedule 14D-1 of Cooper River Properties, L.L.C. (the
"Purchaser"), Insignia Properties, L.P. ("IPLP"), Insignia Properties Trust
("IPT") and Apartment Investment and Management Company ("AIMCO"), originally
filed with the Commission on September 29, 1998, as amended by Amendment No. 1
filed with the Commission on October 19, 1998, Amendment No. 2 filed with the
Commission on October 28, 1998, Amendment No. 3 filed with the Commission on
November 17, 1998 and Amendment No. 4 filed with the Commission on December 15,
1998 (the "Schedule 14D-1"). The Schedule 14D-1 relates to the tender offer of
the Purchaser for up to 11,500 of the outstanding units of limited partnership
interest (the "Units") of VMS Investors First-Staged Equity L.P. II, at a
purchase price of $55 per Unit, net to the seller in cash, upon the terms and
subject to the conditions set forth in the Offer to Purchase dated September 29,
1998 (the "Offer to Purchase") and the related Assignment of Partnership
Interest (which, together with any supplements or amendments, collectively
constitute the "Offer"). Capitalized terms used but not defined herein have the
meanings ascribed to them in the Offer to Purchase and the original Schedule
14D-1.
ITEM 6. INTEREST IN SECURITIES OF THE SUBJECT COMPANY.
(a)-(b) At 5:00 p.m., New York time, on Monday, December 14, 1998,
the Offer expired pursuant to its terms. A total of 3,890.167 Units,
representing approximately 15.4% of the outstanding Units, were validly tendered
and not withdrawn pursuant to the Offer for the Purchase Price of $55.00. The
Purchaser has accepted for payment, and the Depositary has mailed checks in
payment of, all of those Units at the price of $55.00 per Unit.
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SIGNATURE
After due 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: January 15, 1999
COOPER RIVER PROPERTIES, L.L.C.
By: Insignia Properties, L.P.,
its managing member
By: Insignia Properties Trust,
its general partner
By: /s/ PATRICK J. FOYE
--------------------------
Patrick J. Foye
Executive Vice President
INSIGNIA PROPERTIES, L.P.
By: Insignia Properties Trust,
its general partner
By: /s/ PATRICK J. FOYE
--------------------------
Patrick J. Foye
Executive Vice President
INSIGNIA PROPERTIES TRUST
By: /s/ PATRICK J. FOYE
--------------------------
Patrick J. Foye
Executive Vice President
APARTMENT INVESTMENT AND
MANAGEMENT COMPANY
By: /s/ PATRICK J. FOYE
--------------------------
Patrick J. Foye
Executive Vice President
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