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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 40)
NATIONAL REALTY, L.P.
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(Name of Issuer)
Units of Limited Partnership Interest ("Units")
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(Title of Class of Securities)
637353-30-1
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(CUSIP Number)
Robert A. Waldman
10670 N. Central Expressway, Suite 600
Dallas, Texas 75231
(214) 692-4758
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
August 3, 2000
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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 Rules 13d-1(b)(3) or (4), check the following box [ ].
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*The remainder of this cover page shall be filled out for a reporting persons'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).
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CUSIP No. 637353-30-1
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1) Names of Reporting Persons I.R.S. Identification Nos. of Above Persons
(entities only)
American Realty Trust, Inc., FEI No. 54-0697989
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
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3) SEC Use Only
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4) Source of Funds (See Instructions) OO
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5) Check 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 Georgia
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7) Sole Voting Power -0-
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Number of
Shares Bene- 8) Shared Voting Power -0-
ficially
Owned by -----------------------------------------------------------
Each Report-
ing Person 9) Sole Dispositive Power -0-
With
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10) Shared Dispositive Power -0-
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11) Aggregate Amount Beneficially Owned by Each Reporting Person -0-
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12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [ ]
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13) Percent of Class Represented by Amount in Row (11) -0-
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14) Type of Reporting Person (See Instructions) CO
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CUSIP No. 637353-30-1
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1) Names of Reporting Persons I.R.S. Identification Nos. of Above Persons
(entities only)
Basic Capital Management, Inc., FEI No. 75-2332719
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
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3) SEC Use Only
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4) Source of Funds (See Instructions) OO
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5) Check 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 Nevada
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7) Sole Voting Power -0-
-----------------------------------------------------------
Number of
Shares Bene- 8) Shared Voting Power -0-
ficially
Owned by -----------------------------------------------------------
Each Report-
ing Person 9) Sole Dispositive Power -0-
With
-----------------------------------------------------------
10) Shared Dispositive Power -0-
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11) Aggregate Amount Beneficially Owned by Each Reporting Person -0-
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12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [ ]
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13) Percent of Class Represented by Amount in Row (11) -0-
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14) Type of Reporting Person (See Instructions) CO
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CUSIP No. 637353-30-1
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1) Names of Reporting Persons I.R.S. Identification Nos. of Above Persons
(entities only)
ART Holdings, Inc., FEI No. 75-2663476
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
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3) SEC Use Only
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4) Source of Funds (See Instructions) OO
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5) Check 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 Nevada
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7) Sole Voting Power -0-
-----------------------------------------------------------
Number of
Shares Bene- 8) Shared Voting Power -0-
ficially
Owned by -----------------------------------------------------------
Each Report-
ing Person 9) Sole Dispositive Power -0-
With
-----------------------------------------------------------
10) Shared Dispositive Power -0-
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11) Aggregate Amount Beneficially Owned by Each Reporting Person -0-
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12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [ ]
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13) Percent of Class Represented by Amount in Row (11) -0-
-------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions) CO
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ITEM 1. SECURITY AND ISSUER
This Amendment No. 40 to Statement on Schedule 13D relates to the Units of
Limited Partnership Interest ("Units") of NATIONAL REALTY, L.P., a Delaware
limited partnership (the "Partnership" or the"Issuer") and further amends the
original Statement on Schedule 13D as amended by Amendment Nos. 1 through 39
thereof (the "Amended Statement") filed by and on behalf of the "Reporting
Persons" described below. The principal executive offices of the Issuer are
located at 10670 N. Central Expressway, Suite 600, Dallas, Texas 75231. The
CUSIP number of the Units is 637353-30-1.
At Special Meetings of the stockholders of American Realty Trust, Inc.
("ART") and Unitholders of the Partnership held on March 21, 2000, the security
holders of each entity approved a proposal for a tax-free reorganization and
combination of the ownership of the two entities by consolidation with and into
American Realty Investors, Inc. ("ARL"). The consolidation was effectuated by
closing on August 3, 2000, separate mergers of ART and the Partnership with and
into wholly-owned subsidiaries of ARL with the result that ART and the
Partnership became wholly-owned subsidiaries of ARL with the securities of ART
and the Partnership converted into securities of ARL. At such closing,
effective August 3, 2000, ART stockholders received 0.91 shares of ARL Common
Stock in exchange for each share of ART Common Stock held, and the Partnership
Unitholders (other than ART and its subsidiaries) received one share of ARL
Common Stock for each Unit held. ART and the Partnership each continue business
operations as wholly-owned subsidiaries of ARL with no change in management of
the combined entities or their properties. With the consummation of the
transaction, each of the "Reporting Persons" (as defined in Item 2 below)
ceased to be holders of Units of the Partnership.
ITEM 2. IDENTITY AND BACKGROUND.
(a)-(f) This Amendment No. 40 is being filed on behalf of ART, Basic
Capital Management, Inc., a Nevada corporation ("BCM"), and ART Holdings, Inc.,
a Nevada corporation ("AHI"), each of which continue to have their principal
executive offices located at 10670 N. Central Expressway, Suite 600, Dallas,
Texas 75231. All of ART, BCM and AHI are collectively referred to as the
"Reporting Persons."
The Reporting Persons filed an Original Statement on Schedule 13D and
Amendments Nos. 1 through 39 thereto (all collectively the "Amended
Statement"), Amendment 39 of which was filed with respect to an event occurring
on June 15, 2000. All items set forth in this Amendment No. 40 are in addition
to the information provided in the Amended Statements; accordingly, only the
items which have changed since the filing of Amendment 39 are the subject of
this Amendment No. 40. All information set forth in Item 2 of the
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Amended Statement as last reflected by Amendment No. 39 thereto remains correct
as of the date of this Amendment No. 40.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(e) See Item 1 above for a description of the consolidation transaction
and mergers which resulted in ART and the Partnership becoming wholly-owned
subsidiaries of ARL effective August 3, 2000. The result of such transaction is
that each of the Reporting Persons ceased to be holders of Units and each Unit
(i) held by BCM was converted into the right to receive one share of ARL Common
Stock, and (ii) held by ART and AHI remained issued and outstanding; and as of
the Effective Time of the merger, the Units ceased to be an "equity security"
qualified to be registered pursuant to Section 12 of the Securities Exchange
Act of 1934. Therefore, the date on which the Reporting Persons ceased to be
the beneficial owner of more than 5% of the Units was August 3, 2000.
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SIGNATURES
After reasonable inquiry to the best of their respective knowledge and
belief, the undersigned certified that the information set forth in this
Amendment No. 40 to Statement on Schedule 13D is true, complete and correct.
Dated: August 23, 2000.
AMERICAN REALTY TRUST, INC.
By: /s/ Karl L. Blaha
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Karl L. Blaha, President
BASIC CAPITAL MANAGEMENT, INC.
By: /s/ Karl L. Blaha
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Karl L. Blaha, President
ART HOLDINGS, INC.
By: /s/ Karl L. Blaha
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Karl L. Blaha, President
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