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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Amendment No. 1)*
Dean Witter Realty Yield Plus, L.P.
(Name of Issuer)
Units of Limited Partnership Interests
(Title of Class of Securities)
242 41L 102
(CUSIP Number)
December 31, 1999
(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
disclosures provided in a prior cover page.
The information required on 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 ("Act") 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).
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CUSIP No. 242 41L 102 Page 2 of 11 Pages
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Madison Avenue Investment Partners, LLC
13-3959673
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP.
(a)
(b)
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3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION:
Delaware
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SOLE VOTING POWER
5.
NUMBER OF 454,657 Units of Limited Partnership Interests
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6.
454,657 Units of Limited Partnership Interests
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7.
REPORTING 454,657 Units of Limited Partnership Interests
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8.
454,657 Units of Limited Partnership Interests
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
454,657 Units of Limited Partnership Interests
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
5.10%
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12. TYPE OF REPORTING PERSON:
OO
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 242 41L 102 Page 3 of 11 Pages
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
First Equity Realty, LLC
13-3827931
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP.
(a)
(b)
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION:
New York
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SOLE VOTING POWER
5.
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6.
454,657 Units of Limited Partnership Interests
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7.
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8.
454,657 Units of Limited Partnership Interests
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
454,657 Units of Limited Partnership Interests
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
5.10%
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12. TYPE OF REPORTING PERSON:
OO
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CUSIP No. 242 41L 102 Page 4 of 11 Pages
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
The Harmony Group II, LLC
13-3959664
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP.
(a)
(b)
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION:
Delaware
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SOLE VOTING POWER
5.
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6.
454,657 Units of Limited Partnership Interests
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7.
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8.
454,657 Units of Limited Partnership Interests
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
454,657 Units of Limited Partnership Interests
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
5.10%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON:
OO
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CUSIP No. 242 41L 102 Page 5 of 11 Pages
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Ronald M. Dickerman
###-##-####
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP.
(a)
(b)
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION:
United States
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SOLE VOTING POWER
5.
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6.
454,657 Units of Limited Partnership Interests
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7.
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8.
454,657 Units of Limited Partnership Interests
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
454,657 Units of Limited Partnership Interests
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
5.10%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON:
IN
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CUSIP No. 242 41L 102 Page 6 of 11 Pages
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Bryan E. Gordon
###-##-####
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP.
(a)
(b)
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION:
United States
- --------------------------------------------------------------------------------
SOLE VOTING POWER
5.
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6.
454,657 Units of Limited Partnership Interests
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7.
REPORTING 0 Limited Partnership Interests
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8.
454,657 Units of Limited Partnership Interests
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
454,657 Units of Limited Partnership Interests
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
5.10%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON:
IN
- --------------------------------------------------------------------------------
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Page 7 of 11 Pages
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ITEM 1(A) NAME OF ISSUER:
The name of the Issuer is Dean Witter Realty Yield Plus, L.P. (the "Issuer")
ITEM 1(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
The address of the Issuer's principal executive offices is 2 World Trade Center,
New York, New York 10048.
ITEM 2(A) NAME OF PERSONS FILING:
The names of the persons filing this Amendment No. 1 to Schedule 13G are Madison
Avenue Investment Partners, LLC, a Delaware limited liability company ("MAIP"),
First Equity Realty, LLC, a New York limited liability company ("First Equity"),
The Harmony Group II, LLC, a Delaware limited liability company ("Harmony
Group"), Ronald M. Dickerman and Bryan E. Gordon (collectively, the "Reporting
Persons"). MAIP is the controlling person of various entities which are the
nominee owners of, or the successors by merger to the assets of nominee owners
of, Limited Partnership Interests (the "Units") of the Issuer. These nominees,
none of which beneficially own 5% or more of the Units, are ISA Partnership
Liquidity Investors and Madison/AG Partnership Value Partners I.
The controlling members of MAIP are The Harmony Group II, LLC, a Delaware
limited liability company of which Bryan E. Gordon is the Managing Member, and
First Equity Realty, LLC, a New York limited liability company of which Ronald
M. Dickerman is the Managing Member.
ITEM 2(B) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
The business address of MAIP, Harmony Group and Mr. Gordon is P.O. Box 7533,
Incline Village, Nevada 89452. The business address of First Equity and Mr.
Dickerman is 555 Fifth Avenue, 9th Floor, New York, New York 10017.
ITEM 2(C) CITIZENSHIP:
See Item 2(A) above. Each of Mr. Dickerman and Mr. Gordon is a citizen of the
United States of America.
ITEM 2(D) TITLE OF CLASS OF SECURITIES:
The title of the class of securities to which this Schedule relates is Limited
Partnership Interests.
Page 7 of 11 Pages
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Page 8 of 11 Pages
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ITEM 2(E) CUSIP NUMBER: 242 41L 102
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 Act.
(b) [ ] Bank as defined in Section 3(a)(6) of the Act.
(c) [ ] Insurance company defined in Section 3(a)(19) of the 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 of 1940;
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
ITEM 4. OWNERSHIP.
Aggregate number and percentage of the class of securities of the Issuer
identified in Item 1.
(a) Amount Beneficially Owned: The Reporting Persons beneficially own an
aggregate of 454,657 Units.
(b) Percent of Class: The Reporting Persons beneficially own 5.10% of the issued
and outstanding Units.
(c) Number of shares as to which such persons have:
(i) Sole power to vote or to direct the vote: 454,657 Units
(ii) Shared power to vote or to direct the vote: 454,657 Units
(iii) Sole power to dispose or to direct the disposition of: 454,657 Units
(iv) Shared power to dispose or to direct the disposition of: 454,657 Units
Page 8 of 11 Pages
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Page 9 of 11 Pages
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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 [ ].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
See Item 2(A) above.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
See Item 2(A) above. In accordance with Rule 13d-1(k), the Reporting Persons
have executed a Joint Filing Agreement annexed hereto as Exhibit A.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATIONS.
By signing below, the undersigned hereby certify that, to the best of their
respective 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 11 Pages
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Page 10 of 11 Pages
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SIGNATURE
After reasonable inquiry and to the best of their respective knowledge and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete, and correct.
Dated: February 11, 2000
MADISON AVENUE INVESTMENT PARTNERS, LLC
BY: FIRST EQUITY REALTY, LLC (MEMBER)
By: /s/ Ronald M. Dickerman
-----------------------
Ronald M. Dickerman, Managing Director
FIRST EQUITY REALTY, LLC
By: /s/ Ronald M. Dickerman
-----------------------
Ronald M. Dickerman, Managing Director
THE HARMONY GROUP II, LLC
By: /s/ Bryan E. Gordon
-------------------
Bryan E. Gordon, Managing Director
/s/ Ronald M. Dickerman
- ------------------------
Ronald M. Dickerman
/s/ Bryan E. Gordon
- --------------------
Bryan E. Gordon
Page 10 of 11 Pages
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Page 11 of 11 Pages
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Exhibit A
JOINT FILING AGREEMENT
The undersigned hereby agree that this Amendment No. 1 to Schedule 13G with
respect to the Units of Limited Partnership Interest of Dean Witter Realty Yield
Plus, L.P., dated February 11, 2000 is, and any further amendments thereto
signed by each of the undersigned shall be, filed on behalf of each of the
undersigned pursuant to and in accordance with the provisions of Rule 13d-1(k)
under the Securities Exchange Act of 1934, as amended.
Dated as of: February 11, 2000
MADISON AVENUE INVESTMENT PARTNERS, LLC
BY: FIRST EQUITY REALTY, LLC (MEMBER)
By: /s/ Ronald M. Dickerman
-----------------------
Ronald M. Dickerman, Managing Director
FIRST EQUITY REALTY, LLC
By: /s/ Ronald M. Dickerman
-----------------------
Ronald M. Dickerman, Managing Director
THE HARMONY GROUP II, LLC
By: /s/ Bryan E. Gordon
-------------------
Bryan E. Gordon, Managing Director
/s/ Ronald M. Dickerman
- -----------------------
Ronald M. Dickerman
/s/ Bryan E. Gordon
- -------------------
Bryan E. Gordon
Page 11 of 11 Pages
