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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________
SCHEDULE 14D-1
Tender Offer Statement Pursuant to Section 14(d)(1)
of the Securities Exchange Act of 1934
(AMENDMENT No. 12)
_______________________
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
(Bidder)
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)
- --------------------------------------------------------------------------------
Transaction Amount of
Valuation* Filing Fee
----------- -------------
$50,000,000 $10,000.00
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*For purposes of calculating the filing fee only. This amount assumes the
purchase of 100,000 Limited Partnership Interests and Assignee Interests Therein
("Units") of the subject company for $500 per Unit in cash.
/x/ Check box if any part of the fee is offset as provided by Rule 0-11(a)(2)
and identify the filing with which the offsetting fee was previously paid.
Identify the previous filing by registration statement number, or the Form
or Schedule and date of its filing.
Amount previously paid: $10,000.00 Filing Party: Raleigh Capital
---------- Associates L.P.
-------------------
Form or registration no.: Schedule 14D-1 Date Filed: October 17, 1996
-------------- ----------------
(Continued on following pages)
(Page 1 of 8 Pages)
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CUSIP No.: N/A 14D-1 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.
- -------------------------------------------------------------------------------
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
80,342 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)
19.9%
- -------------------------------------------------------------------------------
10. Type of Reporting Person (See Instructions)
PN
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CUSIP No.: N/A 14D-1 Page 3 of 8 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
80,342 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)
19.9%
- -------------------------------------------------------------------------------
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).
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CUSIP No.: N/A 14D-1 Page 4 of 8 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
80,347 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)
19.9%
- -------------------------------------------------------------------------------
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 80,342 Units beneficially
owned by Raleigh Capital Associates L.P. (of which Rockland Partners, Inc. is a
general partner).
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CUSIP No.: N/A 14D-1 Page 5 of 8 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
80,342 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)
19.9%
- -------------------------------------------------------------------------------
10. Type of Reporting Person (See Instructions)
PN
__________________________________
* Reflects beneficial ownership by Raleigh Capital Associates L.P. (of which
Zephyr Partners is a general partner).
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AMENDMENT NO. 12 TO SCHEDULE 14D-1
This Amendment No. 12 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 and 11 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 $500 per Unit (the
"Purchase Price"), less the amount of any distributions declared or made with
respect to the Units between October 17, 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
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. Terms not otherwise defined herein shall have the meaning
ascribed to them in the Schedule 14D-1 and the Offer to Purchase.
Item 10. ADDITIONAL INFORMATION.
Item 10(f) is hereby amended as follows:
The information set forth in the press release attached hereto as
Exhibit (a)(20) is incorporated herein by reference.
Item 11. MATERIAL TO BE FILED AS EXHIBITS.
Item 11 is hereby supplemented by adding the following, a copy of
which is attached hereto as Exhibit:
(a) (20) Press Release dated April 11, 1997.
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: April 11, 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
[Amendment No. 12 to Schedule 14D-1 dated April 11, 1997]
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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: April 11, 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
[Amendment No. 12 to Schedule 14D-1 dated April 11, 1997]
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EXHIBIT INDEX
Sequentially
Exhibit No. Description Numbered Page
- ---------- ----------- -------------
(a) (20) Press Release dated April 11, 1997
