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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. 14)
Final Amendment
and
SCHEDULE 13D
(AMENDMENT NO. 7)
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 Amendment No. 7 to 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
October 17, 1996, as supplemented to date.
(Continued on following page(s))
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CUSIP No.: NONE 14D-1/13D Page 2 of 8 Pages
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
RALEIGH CAPITAL ASSOCIATES L.P.
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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
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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
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7. Aggregate Amount Beneficially Owned by Each Reporting
Person
106,747 Units
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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)
26.4%
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10. Type of Reporting Person (See Instructions)
PN
2
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CUSIP No.: NONE 14D-1/13D Page 3 of 8 Pages
- -------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
RALEIGH GP CORP.
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2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) /X/
(b) / /
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3. SEC Use Only
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4. Sources of Funds (See Instructions)
N/A
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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
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7. Aggregate Amount Beneficially Owned by Each Reporting
Person
106,747 Units*
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8. Check Box if the Aggregate Amount in Row (7) Excludes
Certain Shares (See Instructions)
/ /
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9. Percent of Class Represented by Amount in Row (7)
26.4%
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10. Type of Reporting Person (See Instructions)
CO
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* Reflects beneficial ownership by Raleigh Capital Associates L.P. (of which
Raleigh GP Corp. is a general partner).
3
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CUSIP No.: NONE 14D-1/13D Page 4 of 8 Pages
- -------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
ROCKLAND PARTNERS, INC.
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2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) /X/
(b) / /
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3. SEC Use Only
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4. Sources of Funds (See Instructions)
N/A
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5. Check Box if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(e) or 2(f)
/ /
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6. Citizenship or Place of Organization
Delaware
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7. Aggregate Amount Beneficially Owned by Each Reporting
Person
106,752 Units*
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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)
26.4%
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10. Type of Reporting Person (See Instructions)
CO
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* Reflects beneficial ownership of 5 Units by Rockland Partners, L.P. (of which
Rockland Partners, Inc. is the general partner) and 106,747 Units beneficially
owned by Raleigh Capital Associates L.P. (of which Rockland Partners, Inc. is a
general partner).
4
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CUSIP No.: NONE 14D-1/13D Page 5 of 8 Pages
- -------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
ZEPHYR PARTNERS
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2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) /X/
(b) / /
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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
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7. Aggregate Amount Beneficially Owned by Each Reporting
Person
106,747 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)
26.4%
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10. Type of Reporting Person (See Instructions)
PN
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* Reflects beneficial ownership by Raleigh Capital Associates L.P. (of which
Zephyr Partners is a general partner).
5
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AMENDMENT NO. 14 TO SCHEDULE 14D-1 AND AMENDMENT NO. 7 TO SCHEDULE 13D
This Amendment No. 14 (Final Amendment) (i) amends the Tender Offer
Statement on Schedule 14D-1 filed with the Commission on October 17, 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, 8, 9, 10, 11, 12
and 13 thereto (the "Schedule 14D-1"), relating to the tender offer by the
Purchaser to purchase up to 100,000 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 $400
per Unit, less the amount of any distributions declared or made with respect to
the Units between April 29, 1997 and the date of payment of the Purchase Price
by the Purchaser, net to the seller in cash, without interest, plus an
additional $40 per Unit, net in cash, as contingent purchase price, upon the
terms set forth in the Offer to Purchase dated October 17, 1996 (the "Offer to
Purchase") and in the related Letter of Transmittal, as each has been or may be
supplemented or amended from time to time (which together constitute the
"Offer"), to include the information set forth below, and (ii) constitutes
Amendment No. 7 to 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 26,405
Units accepted for payment pursuant to the Offer, excluding related fees and
expenses, is $10,562,000. In accordance with the terms of the Offer, the
Purchaser also deposited an additional $1,056,200 ($40 per Unit) in escrow for
distribution in accordance with the terms of that certain Escrow Agreement dated
as of April 16, 1997. The Purchaser obtained all of 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 Tuesday, April
29, 1997. 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
Tuesday, April 29, 1997, the Purchaser accepted for payment 26,405 Units,
constituting approximately 6.5% of the outstanding Units."
6
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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: May 2, 1997
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 H. Paul
-----------------------
Name: Jonathan H. 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
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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: May 2, 1997
ROCKLAND PARTNERS, INC.
By: /s/Jonathan H. Paul
------------------------
Name: Jonathan H. 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
