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FORM 3 OMB Approval
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OMB Number: 3235-0104
Expires: December 31, 2001
Estimated average burden
hours per response.......0.5
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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
(Print or Type Responses)
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1. Name and Address of Reporting Person*
Westbrook Real Estate Partners, L.L.C.(1)
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(Last) (First) (Middle)
599 Lexington Avenue, Suite 3800
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(Street)
New York New York 10022
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(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
5/1/99
3. IRS or Social Security Number of Reporting Person
(Voluntary)
4. Issuer name and Ticker or Trading Symbol
Burnham Pacific Properties, Inc. -- BPP
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ ] Director [X] 10% Owner(2)
[ ] Officer (give title below) [ ] Other (specify below)
6. If Amendment, Date of Original (Month/Day/Year)
7. Individual or Joint/Group Filing
(Check Applicable Line)
[ ] Form Filed by One Reporting Person
[X] Form Filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Beneficially Owned
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1. Title of Security 2. Amount of 3. Ownership 4. Nature of Indirect
(Instr. 4) Securities Form: Direct Beneficial
Beneficially (D) or Indirect Ownership
Owned (I) (Instr. 5) (Instr. 5)
(Instr. 4)
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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).
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 control number.
Page 1 of 3 SEC 1473 (3-99)
<PAGE>
FORM 3 (continued)
<TABLE>
<CAPTION>
Table II-- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<S> <C> <C> <C> <C> <C>
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1. Title of Derivative 2. Date Exer- 3. Title and Amount of 4. Conver- 5. Owner- 6. Nature of
Security cisable and Securities Underlying sion or ship Form Indirect
(Instr. 4) Expiration Derivative Security Exercise of Deriv- Beneficial
Date (Instr. 4) Price of ative Ownership
(Month/Day/Year) Deri- Security: (Instr. 5)
vative Direct (D) or
Security Indirect (I)
(Instr. 5)
<CAPTION>
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Date Expira- Amount or
Exer- tion Number of
cisable Date Title Shares
<S> <C> <C> <C> <C> <C> <C> <C>
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Series 1997-A Common Stock,
Convertible par Value
Preferred Stock $0.01 per share
("Preferred Stock") 12/31/98 None ("Common Stock") 1,138,211 $15.375 D,I(2)(3) (3)
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Preferred Stock 3/31/99 None Common Stock 1,138,211 $15.375 D,I(2)(3) (3)
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Preferred Stock 6/30/99 None Common Stock 1,138,211 $15.375 D,I(2)(3) (3)
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Preferred Stock 9/30/99 None Common Stock 1,138,211 $15.375 D,I(2)(3) (3)
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</TABLE>
Explanation of Responses: See Attachment A.
** Intentional mistatements 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 is insufficient, see Instruction 6 for procedure.
WESTBROOK REAL ESTATE PARTNERS, L.L.C.
By: /s/ Patrick K. Fox
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Name: Patrick K. Fox
Title: Attorney-in-Fact
May 1, 1999
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**Signature of Reporting Person Date
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 Page 2 of 3
OMB Number. SEC 1473 (3-99)
<PAGE>
FORM 3 (continued)
Name and Address of Reporting Person: Westbrook Real Estate Partners, L.L.C.
599 Lexington Avenue, Suite 3800
New York, New York 10022
Date of Event Requiring Statement: 5/1/99
Issuer Name and Ticker or Trading Symbol: Burnham Pacific Properties, Inc.-- BPP
Attachment A
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(1) Names and addresses of additional joint filers:
1. Westbrook Burnham Holdings, L.L.C. ("Holdings")
2. Westbrook Burnham Co-Holdings, L.L.C. ("Co-Holdings")
3. Westbrook Real Estate Partners Management II, L.L.C. ("WREM II")
4. Westbrook Real Estate Fund II, L.P. ("WREF II")
5. Westbrook Real Estate Co-Investment Partnership II, L.P. ("WRECIP II")
6. Jonathan H. Paul ("Paul")
7. William H. Walton III ("Walton")
Each at: 599 Lexington Avenue, Suite 3800
New York, New York 10022
8. Gregory J. Hartman ("Hartman")
345 California Street, Suite 3450
San Francisco, California 94104
Reference is made to the joint filing agreement and power of attorney of the
reporting persons and certain affiliates (the "Joint Filing Agreement") attached
as Exhibit 7.1 to Schedule 13D filed with the Securities and Exchange Commission
in respect of the equity securities of Berkshire Realty Co., Inc. by Westbrook
Real Estate Partners, L.L.C. ("WREP") and certain others on March 8, 1999. The
Joint Filing Agreement is hereby incorporated herein by reference.
(2) Pursuant to Rule 13d-4 promulgated under the Securities Exchange Act of
1934, as amended (the "Act"), (i) each of WREP, WREM II, WREF II, WRECIP II,
Paul, Walton and Hartman disclaims beneficial ownership of all the securities
reported on this statement, (ii) Holdings disclaims beneficial ownership of all
securities reported on this statement in excess of its record ownership of the
Preferred Stock reported hereon, and (iii) Co-Holdings disclaims beneficial
ownership of all securities reported on this statement in excess of its record
ownership of the Preferred Stock reported hereon.
(3) Holdings is the record owner of 2,495,529 shares of Preferred Stock.
Co-Holdings is the record owner of 304,461 shares of Preferred Stock. Pursuant
to Rule 13d-3 promulgated under the Act, (a) as the sole managing member of
Holdings, WREF II may be deemed to own beneficially the Preferred Stock owned by
Holdings, (b) as the sole managing member of Co-Holdings, WRECIP II may be
deemed to own beneficially the Preferred Stock owned by Co-Holdings, (c) as the
sole general partner of WREF II and WRECIP II, WREM II may be deemed to own
beneficially the Preferred Stock owned by WREF II and WRECIP II, (d) as the sole
managing member of WREM II, WREP may be deemed to own beneficially the Preferred
Stock owned by Holdings and Co-Holdings, and (e) as managing members of WREP,
each of Paul, Walton and Hartman may be deemed to own beneficially the Preferred
Stock owned by Holdings and Co-Holdings.
Page 3 of 3
SEC 1473 (3-99)
