<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 14D-1
Tender Offer Statement Pursuant to Section 14(d)(1)
of the Securities Exchange Act of 1934
(AMENDMENT No. 9)
Final Amendment
and
SCHEDULE 13D*
Statement Pursuant to Section 13(d)
of the Securities Exchange Act of 1934
---------------
ARVIDA/JMB PARTNERS, L.P.
a Delaware Limited Partnership
(Name of Subject Company)
RALEIGH CAPITAL ASSOCIATES L.P.
RALEIGH GP CORP.
ROCKLAND PARTNERS, INC.
ZEPHYR PARTNERS
(Bidders)
LIMITED PARTNERSHIP INTERESTS AND ASSIGNEE INTERESTS THEREIN
(Title of Class of Securities)
NONE
(CUSIP Number of Class
of Securities)
---------------
Michael L. Ashner Copy to:
Raleigh Capital Associates L.P. Mark I. Fisher
100 Jericho Quadrangle Todd J. Emmerman
Suite 214 Rosenman & Colin LLP
Jericho, New York 11735-2717 575 Madison Avenue
(516) 822-0022 New York, New York 10022-2585
(212) 940-8800
(Name, Address and Telephone Number of
Person Authorized to Receive Notices and
Communications on Behalf of Bidder)
- ---------------
* This Statement also constitutes the Statement on Schedule 13D of Raleigh
Capital Associates L.P., Raleigh GP Corp., Rockland Partners, Inc. and Zephyr
Partners filed with respect to the Limited Partnership Interests and Assignee
Interests therein of Arvida/JMB Partners, L.P., a Delaware limited partnership,
acquired pursuant to the Offer to Purchase dated June 19, 1996, as supplemented
to date.
(Continued on following page(s))
(Page 1 of 9 Pages)
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CUSIP No.: None 14D-1/13D Page 2 of 9 Pages
----
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
RALEIGH CAPITAL ASSOCIATES L.P.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) [x]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Sources of Funds (See Instructions)
AF; WC
- --------------------------------------------------------------------------------
5. Check Box 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
79,701 Units
- --------------------------------------------------------------------------------
8. Check Box if the Aggregate Amount in Row (7) Excludes
Certain Shares (See Instructions)
[ ]
- --------------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row (7)
19.7%
- --------------------------------------------------------------------------------
10. Type of Reporting Person (See Instructions)
PN
- --------------------------------------------------------------------------------
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CUSIP No.: None 14D-1/13D Page 3 of 9 Pages
----
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
RALEIGH GP CORP.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) [x]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Sources of Funds (See Instructions)
N/A
- --------------------------------------------------------------------------------
5. Check Box 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
79,701 Units*
- --------------------------------------------------------------------------------
8. Check Box if the Aggregate Amount in Row (7) Excludes
Certain Shares (See Instructions)
[ ]
- --------------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row (7)
19.7%
- --------------------------------------------------------------------------------
10. Type of Reporting Person (See Instructions)
CO
- --------------------------------------------------------------------------------
- ---------------
* Reflects beneficial ownership by Raleigh Capital Associates L.P. (of which
Raleigh GP Corp. is a general partner).
<PAGE> 4
CUSIP No.: None 14D-1/13D Page 4 of 9 Pages
----
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
ROCKLAND PARTNERS, INC.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) [x]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Sources of Funds (See Instructions)
N/A
- --------------------------------------------------------------------------------
5. Check Box 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
79,706 Units*
- --------------------------------------------------------------------------------
8. Check Box if the Aggregate Amount in Row (7) Excludes
Certain Shares (See Instructions)
[ ]
- --------------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row (7)
19.7%
- --------------------------------------------------------------------------------
10. Type of Reporting Person (See Instructions)
CO
- --------------------------------------------------------------------------------
- ---------------
* Reflects beneficial ownership of 5 Units by Rockland Partners, L.P. (of which
Rockland Partners, Inc. is the general partner) and 79,701 Units beneficially
owned by Raleigh Capital Associates L.P. (of which Rockland Partners, Inc. is a
general partner).
<PAGE> 5
CUSIP No.: None 14D-1/13D Page 5 of 9 Pages
----
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
ZEPHYR PARTNERS
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) [x]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Sources of Funds (See Instructions)
N/A
- --------------------------------------------------------------------------------
5. Check Box if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(e) or 2(f)
[ ]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
New York
- --------------------------------------------------------------------------------
7. Aggregate Amount Beneficially Owned by Each Reporting
Person
79,706 Units*
- --------------------------------------------------------------------------------
8. Check Box if the Aggregate Amount in Row (7) Excludes
Certain Shares (See Instructions)
[ ]
- --------------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row (7)
19.7%
- --------------------------------------------------------------------------------
10. Type of Reporting Person (See Instructions)
PN
- --------------------------------------------------------------------------------
- ---------------
* Reflects beneficial ownership of 5 Units by Longacre Corp., an affiliate of
Zephyr Partners, and beneficial ownership of 79,701 Units by Raleigh Capital
Associates L.P. (of which Zephyr Partners is a general partner).
5
<PAGE> 6
AMENDMENT NO. 9 TO SCHEDULE 14D-1 AND SCHEDULE 13D
This Amendment No. 9 (Final Amendment) (i) amends the Tender Offer
Statement on Schedule 14D-1 filed with the Commission on June 19, 1996 by
Raleigh Capital Associates L.P., a Delaware limited partnership (the
"Purchaser"), as amended by Amendment Nos. 1, 2, 3, 4, 5, 6, 7 and 8 thereto
(the "Schedule 14D-1"), relating to the tender offer by the Purchaser to
purchase up to 185,000 of the outstanding limited partnership interests and
assignee interests therein ("Units") of Arvida/JMB Partners, L.P., a Delaware
limited partnership (the "Partnership"), at a purchase price of $461 per Unit,
less the amount of any distributions declared or made with respect to the Units
between June 19, 1996 (the "Offer Date") and the date of payment of the
Purchase Price by the Purchaser, net to the seller in cash, without interest,
upon the terms set forth in the Offer to Purchase dated June 19, 1996 (the
"Offer to Purchase") and in the related Letter of Transmittal, as each may be
supplemented or amended from time to time (which together constitute the
"Offer"), to include the information set forth below, and (ii) constitutes the
statement on Schedule 13D of Raleigh Capital Associates L.P., Raleigh GP Corp.,
Rockland Partners, Inc. and Zephyr Partners (the "Reporting Persons"). Terms
not otherwise defined herein shall have the meaning ascribed to them in the
Schedule 14D-1 and the Offer to Purchase.
Item 4. Source and Amount of Funds or Other Consideration.
Item 4(a) is hereby supplemented and amended as follows:
"The total amount of funds required by the Purchaser to purchase
79,696 Units accepted for payment pursuant to the Offer, excluding related
fees and expenses, is $36,739,856. The Purchaser obtained such funds from
capital contributions from its partners."
Item 6. Interest in Securities of the Subject Company.
Item 6(a)-(b) is hereby supplemented and amended as follows:
"The Offer expired at 12:00 Midnight, New York City time, on Thursday,
August 1, 1996. Based on information provided by the Depositary to the
Reporting Persons, pursuant to the Offer, as of 12:00 Midnight, New York City
time, on Thursday, August 1, 1996, the Purchaser accepted for payment 79,696
Units, constituting approximately 19.7% of the outstanding Units."
6
<PAGE> 7
Item 11. Material to be Filed as Exhibits.
Item 11 is hereby supplemented and amended by adding the following,
copies of which are attached hereto as exhibits:
99.(a)(29) Joint Filing Agreement dated August 6, 1996.
7
<PAGE> 8
Signatures
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: August 6, 1996 RALEIGH CAPITAL ASSOCIATES L.P.
By: Raleigh GP Corp., General Partner
By: /s/ Peter Braverman
------------------------------
Name: Peter Braverman
Title: Vice President
By: ROCKLAND PARTNERS, INC.,
General Partner
By: /s/ Jonathan Paul
------------------------------
Name: Jonathan Paul
Title: Vice President
By: ZEPHYR PARTNERS
By: GP Aeolus Inc., General Partner
By: /s/ Edward Mattner
------------------------------
Name: Edward Mattner
Title: Vice President
By: AREHGP INC., General Partner
By: /s/ John Saldarelli
------------------------------
Name: John Saldarelli
Title: President
RALEIGH GP CORP.
By: /s/ Peter Braverman
----------------------------------
Name: Peter Braverman
Title: Vice President
[Amendment No. 9 to Schedule 14D-1/Schedule 13D]
8
<PAGE> 9
Signatures
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: August 6, 1996 ROCKLAND PARTNERS, INC.
By: /s/ Jonathan Paul
------------------------------
Name: Jonathan Paul
Title: Vice President
ZEPHYR PARTNERS
By: GP Aeolus Inc., General Partner
By: /s/ Edward Mattner
------------------------------
Name: Edward Mattner
Title: Vice President
By: AREHGP INC., General Partner
By: /s/ John Saldarelli
------------------------------
Name: John Saldarelli
Title: President
[Amendment No. 9 to Schedule 14D-1/Schedule 13D]
9
<PAGE> 10
Exhibit Index to Schedule 14D-1 and Schedule 13D
<TABLE>
<CAPTION>
Sequentially
Exhibit No. Description Numbered Page
- ----------- ----------- -------------
<S> <C> <C>
(a)(29) Joint Filing
Agreement dated
August 6, 1996
</TABLE>
10
<PAGE> 1
EXHIBIT 99(a)(29)
JOINT FILING AGREEMENT
In accordance with 13d-1(f) under the Securities Exchange Act of
1934, as amended, the persons named below agree to the joint filing on behalf
of each of them of statements on Schedule 13D (including amendments thereto)
with respect to the limited partnership interests and assignee interests
therein of Arvida/JMB Partners, L.P. and further agree that this Joint Filing
Agreement be included as an Exhibit to such joint filings. In evidence
thereof, the undersigned being duly authorized, have executed this Joint Filing
Agreement this 6th day of August, 1996.
Dated: August 6, 1996
RALEIGH CAPITAL ASSOCIATES L.P.
By: Raleigh GP Corp., General Partner
By: /s/ Peter Braverman
------------------------------
Name: Peter Braverman
Title: Vice President
By: ROCKLAND PARTNERS, INC.,
General Partner
By: /s/ Jonathan Paul
------------------------------
Name: Jonathan Paul
Title: Vice President
By: ZEPHYR PARTNERS
By: GP Aeolus Inc., General Partner
By: /s/ Edward Mattner
------------------------------
Name: Edward Mattner
Title: Vice President
By: AREHGP INC., General Partner
By: /s/ John Saldarelli
------------------------------
Name: John Saldarelli
Title: President
RALEIGH GP CORP.
By: /s/ Peter Braverman
------------------------------
Name: Peter Braverman
Title: Vice President
[Joint Filing Agreement for Schedule 13D with respect to Arv11a/JMB Partners,
L.P.]
<PAGE> 2
ROCKLAND PARTNERS, INC.
By: /s/ Jonathan Paul
------------------------------
Name: Jonathan Paul
Title: Vice President
ZEPHYR PARTNERS
By: GP Aeolus Inc., General Partner
By: /s/ Edward Mattner
------------------------------
Name: Edward Mattner
Title: Vice President
By: AREHGP INC., General Partner
By: /s/ John Saldarelli
------------------------------
Name: John Saldarelli
Title: President
[Joint Filing Agreement for Schedule 13D with respect to Arvida/JMB Partners,
L.P.]
