SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 2)
McNEIL REAL ESTATE FUND XXVII, L.P.
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(Name of Issuer)
Units of Limited Partnership Interest
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(Title of Class of Securities)
810481
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(CUSIP Number)
Robert A. McNeil
13760 Noel Road, Suite 700, Dallas, Texas 75240, (972) 448-5800
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
Copies to:
W. Scott Wallace
Haynes and Boone, L.L.P.
3100 NationsBank Plaza
901 Main Street
Dallas, Texas 75202-3789
(214) 651-5000
October 17, 1996
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(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. (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of less than five percent of such class.)
(See Rule 13d-7.)
*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).
<PAGE>
SCHEDULE 13D/A
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CUSIP No. 810481 Page 2 of 4 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S.
IDENTIFICATION NO. OF ABOVE PERSON
Robert A. McNeil
McNeil Partners, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)_X__
(b)____
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
Robert A. McNeil: PF and BK
McNeil Partners, L.P.: 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
Robert A. McNeil -- U.S.A.
McNeil Partners, L.P. -- Delaware
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY Robert A. McNeil -- 659,834 Units
OWNED BY McNeil Partners, L.P. -- 10,800 Units
EACH See Item 5*
REPORTING
PERSON
WITH
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8 SHARED VOTING POWER
See Item 5*.
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9 SOLE DISPOSITIVE POWER
See Item 5*.
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10 SHARED DISPOSITIVE POWER
See Item 5.*
* Voting and dispositive power is exercised on
behalf of McNeil Partners, L.P. by its general
partner, McNeil Investors, Inc., a Delaware
corporation, which is wholly-owned by Robert
A. McNeil.
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Robert A. McNeil -- 659,834 Units
McNeil Partners, L.P. -- 10,800 Units See Item 5*.
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES ____
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.72%
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14 TYPE OF REPORTING PERSON*
IN, PN
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<PAGE>
AMENDMENT NO. 2 TO SCHEDULE 13D
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The Schedule 13D relating to Units of Limited Partnership Interest
("Units") of McNeil Real Estate Fund XXVII, L.P., a Delaware limited partnership
("Issuer") as filed by Robert A. McNeil ("Mr. McNeil") and McNeil Partners,
L.P., a Delaware limited partnership ("MP") is hereby amended as set forth
below. Unless otherwise indicated, all terms referred to herein shall have the
meaning as set forth in the Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration.
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Item 3 is hereby amended by adding the following thereto:
On October 17, 1996, Mr. McNeil purchased 260,334 Units of
Issurer at a price of $8.00 per Unit in a privately negotiated transaction. Mr.
McNeil acquired the 260,334 Units with his own personal funds.
Item 5. Interest in Securities of the Issuer.
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Item 5 is hereby amended by adding the following thereto:
(a) The aggregate number of Units owned by (i) Mr. McNeil is
659,834 and (ii) MP is 10,800. The 670,634 Units owned by Mr.
McNeil and MP constitute 12.72% of the class of the securities
identified pursuant to Item 1.
(b) Mr. McNeil has the sole power to vote and to dispose of the
659,834 Units (subject to applicable restrictions on
transferability contained in the Issuer's limited partnership
agreement). As MP's sole general partner, Investors has the
sole power to control the business affairs of MP and Robert A.
McNeil, as the owner of all the stock of Investors, ultimately
controls the business affairs of Investors.
(c) See Item 3.
<PAGE>
SIGNATURE
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: October 21, 1996
McNEIL PARTNERS, L.P.
By: McNeil Investors, Inc.,
its general partner
By: /s/ Robert A. McNeil
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Name: Robert A. McNeil
Title: Co-Chairman of the Board
/s/ Robert A. McNeil
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Robert A. McNeil
