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: FORM 3 : : OMB APPROVAL :
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:OMB NUMBER: 3235-0104:
:EXPIRES: September 30, 1998:
: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*
The Goldman Sachs Group, Inc.
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(Last) (First) (Middle)
85 Broad Street
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(Street)
New York, New York 10004
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
6/24/99
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3. I.R.S. Identification Number of Reporting Person, if an Entity (Voluntary)
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4. Issuer Name AND Ticker or Trading Symbol
McNeil Real Estate Fund XXVII, L.P. Symbol: N/A
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5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
Director X 10% Owner
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Officer (give title below) Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint/Group Filing
(Check Applicable Line)
Form filed by One Reporting Person
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X Form filed by More than One Reporting Person
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<PAGE>
TABLE I--NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
<TABLE>
<CAPTION>
1.Title of Security 2.Amount of Securities 3.Ownership 4.Nature of Indirect Beneficial
(Instr. 4) Beneficially Owned Form: Direct Ownership
(Instr. 4) (D) or (Instr. 5)
Indirect (I)
(Instr. 5)
- -------------------------- ------------------------- -------------- -----------------------------------------------------------
<S> <C> <C> <C>
Units of Limited
Partnership Interests -0-(1) (1) (1)
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</TABLE>
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
(Over)
SEC 1473 (7-97)
<PAGE>
FORM 3 (CONTINUED)
TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS, CALLS,
WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
1. Title of Derivative Security (Instr. 4)
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2. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable Expiration Date
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3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)
Title Amount or Number of Shares
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4. Conversion or Exercise Price of Derivative Security
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5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
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6. Nature of Indirect Beneficial Ownership (Instr. 5)
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Explanation of Responses:
(1) See page 3 attached.
/s/
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**Signature of Reporting Person Date
See page 5 attached.
** Intentional misstatements 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.
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 Number.
Page 2
SEC 1473 (7-97)
<PAGE>
Form 3
Continuation Sheet
Item 1: The Goldman Sachs Group, Inc.
85 Broad Street
New York, New York 10004
Item 2: June 24, 1999
Item 4: McNeil Real Estate Fund XXVII, L.P.
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Instruction 5(b)(v) list of other Reporting Persons:
This statement is being filed by The Goldman Sachs Group, Inc. ("GSG"),
Whitehall Street Real Estate Limited Partnership XI ("Whitehall"), WH Advisors,
L.L.C. XI ("WH Advisors"), WXI/McN Realty, L.L.C. ("WXI/McN") and Goldman, Sachs
& Co. ("GS&Co.", and, together with GSG, Whitehall, WH Advisors and WXI/McN, the
"Reporting Persons"). The principal business address for each of the Reporting
Persons (other than WXI/McN) is 85 Broad Street, New York, New York 10004. The
principal business address of WXI/McN is c/o Goldman, Sachs & Co., 100 Crescent
Court, Suite 100, Dallas, Texas 75201.
Explanation of Responses:
On June 24, 1999, WXI/McN, McNeil Real Estate Fund IX, Ltd., McNeil
Real Estate Fund X, Ltd., McNeil Real Estate Fund XI, Ltd., McNeil Real Estate
Fund XII, Ltd., McNeil Real Estate Fund XIV, Ltd., McNeil Real Estate Fund XV,
Ltd., McNeil Real Estate Fund XX, L.P., McNeil Real Estate Fund XXI, L.P.,
McNeil Real Estate Fund XXII, L.P., McNeil Real Estate Fund XXIII, L.P., McNeil
Real Estate Fund XXIV, L.P., McNeil Real Estate Fund XXV, L.P., McNeil Real
Estate Fund XXVI, L.P., McNeil Real Estate Fund XXVII, L.P., Fairfax Associates
II, Ltd., Hearth Hallow Associates, L.P., McNeil Midwest Properties I, L.P.,
Regency North Associates, L.P., McNeil Summerhill I, L.P. (collectively, the
"McNeil Partnerships"), McNeil Partners, L.P., the general partner of the
Partnership ("McNeil Partners"), McNeil Investors, Inc., the general partner of
McNeil Partners ("McNeil Investors"), McNeil Real Estate Management, Inc.
("McREMI"), McNeil Summerhill, Inc. and Robert A. McNeil, entered into a
definitive acquisition agreement (the "Master Agreement") with WXI/McN which
provides for WXI/McN and its subsidiaries to acquire the McNeil Partnerships and
certain assets of McREMI. As a result of the execution and delivery of the
Master Agreement, WXI/McN McNeil Partners, L.P., McNeil Investors, Inc., Robert
A. McNeil, Carole J. McNeil and Opal Partners, L.P., a California limited
partnership ("Opal"), may be deemed to constitute a "group" within the meaning
of Section 13(d) of the Securities Exchange Act of 1934, as amended. McNeil
Partners, McNeil Investors, Robert A. McNeil, and Carole J. McNeil are sometimes
referred to in this Form 3 collectively as the "McNeil Persons".
Neither the present filing nor anything contained herein shall be
construed as an admission that the Reporting Persons together with the McNeil
Persons and Opal constitute a "person" or "group" for any purpose. Neither the
present filing nor anything contained herein shall be construed as an admission
that Whitehall together with the McNeil Persons and/or Opal constitute a
"person" or "group" for any purpose other than what they may be deemed to
constitute under Section 13(d) of the
Page 3 of 6
<PAGE>
Exchange Act. The Reporting Persons disclaim beneficial ownership of, and any
pecuniary interest in, any shares of units of limited partnership interests,
including the units of limited partnership interests beneficially owned by the
McNeil Persons and/or Opal, and neither the present filing nor anything
contained herein shall be construed as an admission otherwise.
Page 4 of 6
<PAGE>
Form 3
Continuation Sheet
Item 1: The Goldman Sachs Group, Inc.
85 Broad Street
New York, New York 10004
Item 2: June 24, 1999
Item 4: McNeil Real Estate Fund XXVII, L.P.
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SIGNATURES:
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Dated: August 16, 1999
WHITEHALL STREET REAL ESTATE
LIMITED PARTNERSHIP XI
By: WH Advisors, L.L.C. XI,
its general partner
By: /s/ Roger S. Begelman
-----------------------------------
Name: Roger S. Begelman
Title: Attorney-in-Fact
WH ADVISORS, L.L.C. XI
By: /s/ Roger S. Begelman
-----------------------------------
Name: Roger S. Begelman
Title: Attorney-in-Fact
Page 5 of 6
<PAGE>
WXI/McN REALTY L.L.C.
By: WXI/MNL Real Estate, L.L.C.,
its Managing Member
By: Whitehall Street Real Estate
Limited Partnership XI,
its Managing Member
By: WH Advisors, L.L.C. XI,
its General Partner
By: /s/ Roger S. Begelman
-----------------------------
Name: Roger S. Begelman
Title: Attorney-in-Fact
THE GOLDMAN SACHS GROUP, INC.
By: /s/ Roger S. Begelman
-----------------------------------
Name: Roger S. Begelman
Title: Attorney-in-Fact
GOLDMAN, SACHS & CO.
By: /s/ Roger S. Begelman
-----------------------------------
Name: Roger S. Begelman
Title: Attorney-in-Fact
Page 6 of 6
