UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D,C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 6)*
Angeles Participating Mortgage Trust
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(Name of Issuer)
Class A Common Stock, par value $1.00
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(Title of Class of Securities)
03464210
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(CUSIP Number)
Madison Grose, Esq., Three Pickwick Plaza, Suite 250,
Greenwich, Connecticut 06830, (203) 861-2100
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
January 22, 1997
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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 Rule 13d-l(b)(3) or (4), check the following box |_|.
Check the following box if a fee is being paid with the statement |_|. (A fee is
not required only if the reporting person: (1) has previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-l(a) for other parties to whom copies are to be
sent.
*The remainder of this cover page shall be filled out for a reporting person'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).
<PAGE>
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CUSIP No. 0346210 13D Page 2 of 29 Pages
- -------------------------------- ------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Starwood Mezzanine Investors, L.P., I.R.S. Identification No. 06-1390754
- --------------------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) o
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) o
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 9,568,944 (See Item 5)
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
-------------------------------------------------------------
8 SHARED VOTING POWER
0
-------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
9,568,944 (See Item 5)
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,568,944 (See Item 5)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* o
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
78.2% (See Item 5)
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 0346210 13D Page 3 of 29 Pages
- -------------------------------- ------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Starwood Mezzanine Holdings, L.P., I.R.S. Identification No. 06-1385055
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) o
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) o
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
-------------------------------------------------------------
8 SHARED VOTING POWER
9,568,944 (See Item 5)
-------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
9,568,944 (See Item 5)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,568,944 (See Item 5)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* o
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
78.2% (See Item 5)
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 0346210 13D Page 4 of 29 Pages
- -------------------------------- ------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
SAHI Partners, I.R.S. Identification No. 06-1383593
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) o
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2(e) o
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 285,866 (See Item 5)
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
-------------------------------------------------------------
8 SHARED VOTING POWER
0
-------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
285,866 (See Item 5)
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
285,866 (See Item 5)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* o
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.3% (See Item 5)
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 0346210 13D Page 5 of 29 Pages
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- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Starwood Capital Group I, L.P., I.R.S. Identification No. 36-3893165
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) o
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2(e) o
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
-------------------------------------------------------------
8 SHARED VOTING POWER
9,568,944 (See Item 5)
-------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
9,568,944 (See Item 5)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,568,944 (See Item 5)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* o
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
78.2% (See Item 5)
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- -------------------------------- ------------------------------
CUSIP No. 0346210 13D Page 6 of 29 Pages
- -------------------------------- ------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
BSS Capital Partners, L.P., I.R.S. Identification No. 36-3893164
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) o
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) o
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
-------------------------------------------------------------
8 SHARED VOTING POWER
9,568,944 (See Item 5)
-------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
9,568,944 (See Item 5)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,568,944 (See Item 5)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* o
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
78.2% (See Item 5)
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 0346210 13D Page 7 of 29 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Sternlicht Holdings II, Inc., I.R.S. Identification No. 36-3892269
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) o
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) o
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
-------------------------------------------------------------
8 SHARED VOTING POWER
9,568,944 (See Item 5)
-------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
9,568,944 (See Item 5)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,568,944 (See Item 5)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* o
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
78.2% (See Item 5)
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 0346210 13D Page 8 of 29 Pages
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- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
SAHI, Inc., I.R.S. Identification No. 36-3910114
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) o
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) o
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 81,895 (See Item 5)
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
-------------------------------------------------------------
8 SHARED VOTING POWER
285,866 (See Item 5)
-------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
81,895 (See Item 5)
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
285,866 (See Item 5)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
367,761 (See Item 5)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* o
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.0% (See Item 5)
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 0346210 13D Page 9 of 29 Pages
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- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
SWL Acquisition Partners, L.P., I.R.S. Identification No. 36-3892265
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) o
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) o
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
-------------------------------------------------------------
8 SHARED VOTING POWER
285,866 (See Item 5)
-------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
285,866 (See Item 5)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
285,866 (See Item 5)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* o
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.3% (See Item 5)
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 0346210 13D Page 10 of 29 Pages
- -------------------------------- ------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
SWL Mortgage Investors, Inc., I.R.S. Identification No. 36-3892268
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) o
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) o
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
-------------------------------------------------------------
8 SHARED VOTING POWER
285,866 (See Item 5)
-------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
285,866 (See Item 5)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
285,866 (See Item 5)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* o
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.3% (See Item 5)
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 0346210 13D Page 11 of 29 Pages
- -------------------------------- ------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Barry Sternlicht S.S.# ###-##-####
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) o
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) o
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
-------------------------------------------------------------
8 SHARED VOTING POWER
9,936,706 (See Item 5)
-------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
9,936,706 (See Item 5)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,936,706 (See Item 5)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* o
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
81.2% (See Item 5)
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Page 12 of 29 Pages
AMENDMENT NO. 6 TO SCHEDULE 13D
This is an Amendment No. 6 to the Schedule 13D filed on November 29, 1993
(the "Schedule 13D"), as amended on January 13, 1994, February 9, 1994, March
15, 1994, March 22, 1996 and September 26, 1996 is on behalf of Starwood
Mezzanine Investors, L.P., a Delaware limited partnership ("Starwood
Investors"), Starwood Mezzanine Holdings, L.P., a Delaware limited partnership
("Starwood Holdings"), SAHI Partners, a Delaware general partnership ("SAHI
Partners"), Starwood Capital Group I, L.P., a Delaware limited partnership
("Starwood Capital"), BSS Capital Partners, L.P., a Delaware limited partnership
("BSS"), Sternlicht Holdings II, Inc., a Delaware corporation ("Sternlicht
Holdings"), SAHI, Inc., a Delaware corporation ("SAHI Inc."), SWL Acquisition
Partners, L.P., a Delaware limited partnership ("SWL Partners"), SWL Mortgage
Investors, Inc., a Delaware corporation ("SWL Mortgage"), and Barry Sternlicht.
Unless otherwise defined herein, all capitalized terms used herein have
the meanings ascribed to them in Amendment No. 5 to the Schedule 13D. Unless
specifically amended and/or restated herein, the disclosure set forth in the
Schedule 13D, as amended through Amendment No. 5, shall remain unchanged.
Item 2. Identity and Background
The information previously furnished in response to Item 2 is hereby
amended by adding the following reporting person thereto:
1. Legal Name: Starwood Mezzanine Holdings, L.P.
Place of Organization: Delaware
Principal Business: Real estate investment
Address of Principal Business: Three Pickwick Plaza, Suite 250,
Greenwich, CT 06830
Address of Principal Office: Three Pickwick Plaza, Suite 250,
Greenwich, CT 06830
The general partner of Starwood Holdings is Starwood Capital. The
principal business of Starwood Capital is real estate investment. The address of
its principal business and principal office is Three Pickwick Plaza, Suite 250,
Greenwich, Connecticut 06830.
During the last five years, Starwood Holdings and, to the best of its
knowledge, its general partner have not been (i) convicted in a criminal
proceeding or (ii) a party to a criminal proceeding of a judicial or
administrative body of competent jurisdiction and, consequently, is not subject
to a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities laws
or finding any violation with respect to such laws as a result of such
proceeding.
2. Legal Name: Starwood Capital Group I, L.P.
Place of Organization: Delaware
Principal Business: Real estate investment
Address of Principal Business: Three Pickwick Plaza, Suite 250,
Greenwich, CT 06830
Address of Principal Office: Three Pickwick Plaza, Suite 250,
Greenwich, CT 06830
<PAGE>
Page 13 of 29 Pages
The general partner of Starwood Capital is BSS. The principal business of
BSS is real estate investment. The address of its principal business and
principal office is Three Pickwick Plaza, Suite 250, Greenwich, Connecticut
06830.
During the last five years, Starwood Capital and, to the best of its
knowledge, its general partner have not been (i) convicted in a criminal
proceeding or (ii) a party to a criminal proceeding of a judicial or
administrative body of competent jurisdiction and, consequently, is not subject
to a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities laws
or finding any violation with respect to such laws as a result of such
proceeding.
3. Legal Name: BSS Capital Partners, L.P.
Place of Organization: Delaware
Principal Business: Real estate investment
Address of Principal Business: Three Pickwick Plaza, Suite 250,
Greenwich, CT 06830
Address of Principal Office: Three Pickwick Plaza, Suite 250,
Greenwich, CT 06830
The general partner of BSS is Sternlicht Holdings II, Inc., a Delaware
corporation. Its principal business is real estate investment. The address of
its principal business and principal office is Three Pickwick Plaza, Suite 250,
Greenwich, Connecticut 06830.
During the last five years, BSS and, to the best of its knowledge, its
general partner have not been (i) convicted in a criminal proceeding or (ii) a
party to a criminal proceeding of a judicial or administrative body of competent
jurisdiction and, consequently, is not subject to a judgment, decree or final
order enjoining future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or finding any violation with
respect to such laws as a result of such proceeding.
Item 3. Source and Amount of Funds or Other Consideration
The information previously furnished in response to Item 3 is hereby
amended by adding at the end thereto the following:
On January 22, 1997, Starwood Investors exercised its rights under a Class
A Share Purchase Warrant and purchased 5,000,000 shares of Class A Common Stock,
par value $1.00 per share (the "Class A Common Stock"), of Angeles Participating
Mortgage Trust, a California business trust (the "Issuer"). The aggregate
purchase price for the 5,000,000 shares of Class A Common Stock was $5,000,000,
which was generated from working capital resources of Starwood Investors.
On January 22, 1997, SAHI Inc. exercised its rights under a Class B Share
Purchase Warrant and purchased 2,500,000 shares of Class B Common Stock, par
value $.01 per share (the "Class B Common Stock"), of the Issuer. The aggregate
purchase price for the 2,500,000 shares of Class B Common Stock was $25,000,
which was generated from working capital resources of SAHI Inc.
Item 5. Interest in Securities of the Issuer
The information previously furnished in response to Item 5 is hereby
amended and restated as follows:
Based on information provided in the Issuer's Schedule 14A relating to its
Annual Meeting of Shareholders held on September 26, 1996 and after giving
effect to the exercise of the Class A Share
<PAGE>
Page 14 of 29 Pages
Purchase Warrant held by Starwood Investors and the Class B Share Purchase
Warrant held by SAHI, Inc., each as reported herein, the total numbers of shares
of Class A Common Stock outstanding for purposes of calculating the percentage
ownership of Class A Common Stock for each Reporting Person equalled the sum of:
(i) 7,550,000 (number of shares of Class A Common Stock outstanding); (ii)
77,040 (number of shares of Class A Common Stock convertible from 3,775,000
shares of Class B Common Stock outstanding); (iii) 4,568,944 (number of shares
of Class A Common Stock convertible from the exchange of 4,568,944 Units); and
(iv) 46,621 (the maximum number of shares of Class A Common Stock convertible
from Class B Common Stock issuable in accordance with Article VI of the Restated
Declaration of Trust upon the exchange by Starwood Investors of 4,568,944 Units
for a like number of shares of Class A Common Stock pursuant to an Exchange
Rights Agreement).
In order to present more meaningful comparisons and in accordance with
Rule 13(d)-3 of the Securities Exchange Act of 1934, as amended, each Reporting
Person's ownership assumes the conversion of all shares of Class B Common Stock
into shares of Class A Common Stock and the exchange of Units into shares of
Class A Common Stock, where applicable.
(a) Aggregate Number and Percentage of the Class of Securities Identified
Pursuant to Item 1 Beneficially Owned by Each Person Named in Item 2:
As of January 22, 1997, Starwood Investors beneficially owned 78.2% of the
issued and outstanding shares of Class A Common Stock, or 9,568,944 shares of
Class A Common Stock, by virtue of its ownership of (i) 5,000,000 Class A Common
Stock as the result of the exercise of the Class A Share Purchase Warrant as
reported herein and (ii) 4,568,944 Units which are exchangeable for 4,568,944
shares of Class A Common Stock pursuant to an Exchange Rights Agreement.
As of January 22, 1997, Starwood Holdings may be deemed to have
beneficially owned 78.2% of the issued and outstanding shares of Class A Common
Stock, or 9,568,944 shares of Class A Common Stock, by virtue of being a general
partner of Starwood Investors. This Reporting Person disclaims beneficial
ownership of these securities except to the extent of its pecuniary interest
therein.
As of January 22, 1997, SAHI Partners beneficially owned 2.3% of the
issued and outstanding shares of Class A Common Stock, or 285,866 shares of
Class A Common Stock, by virtue of its ownership of (i) 244,100 shares of Class
A Common Stock, (ii) 26,020 shares of Class A Common Stock issuable upon
conversion of its holdings of 1,275,000 shares of Class B Common Stock and (iii)
15,746 shares of Class A Common Stock issuable upon conversion of 771,576 shares
of Class B Common Stock issuable in accordance with Article VI of the Restated
Declaration of Trust upon the exchange by Starwood Investors of 4,568,944 Units
for a like number of shares of Class A Common Stock pursuant to an Exchange
Rights Agreement.
As of January 22, 1997, Starwood Capital may be deemed to have
beneficially owned 78.2% of the issued and outstanding shares of Class A Common
Stock, or 9,568,944 shares of Class A Common Stock, by virtue of being a general
partner of Starwood Investors and the general partner of Starwood Holdings,
which is the other general partner of Starwood Investors. This Reporting Person
disclaims beneficial ownership of these securities except to the extent of its
pecuniary interest therein.
As of January 22, 1997, BSS may be deemed to have beneficially owned 78.2%
of the issued and outstanding shares of Class A Common Stock, or 9,568,944
shares of Class A Common Stock, by virtue of being a general partner of Starwood
Capital, which is a general partner of Starwood Investors and the general
partner of Starwood Holdings, which is the other general partner of Starwood
Investors. This
<PAGE>
Page 15 of 29 Pages
Reporting Person disclaims beneficial ownership of these securities except to
the extent of its pecuniary interest therein.
As of January 22, 1997, Sternlicht Holdings may be deemed to have
beneficially owned 78.2% of the issued and outstanding shares of Class A Common
Stock, or 9,568,944 shares of Class A Common Stock, by virtue of being the
general partner of BSS, which is the general partner of Starwood Capital, which
is a general partner of Starwood Investors and the general partner of Starwood
Holdings, which is the other general partner of Starwood Investors. This
Reporting Person disclaims beneficial ownership of these securities except to
the extent of its pecuniary interest therein.
As of January 22, 1997, SAHI, Inc. may be deemed to have owned 3.0% of the
issued and outstanding shares of Class A Common Stock, or 367,761 shares of
Class A Common Stock, by virtue of being a general partner of SAHI Partners and
by virtue of (i) its ownership, as the result of the exercise of the Class B
Share Purchase Warrant as reported herein, of 2,500,000 shares Class B Common
Stock which can be converted into 51,020 Class A Common Stock and (ii) 30,875
shares of Class A Common Stock issuable upon conversion of 1,512,895 shares of
Class B Common Stock issuable in accordance with Article VI of the Restated
Declaration of Trust upon the exchange by Starwood Investors of 4,568,944 Units
for a like number of shares of Class A Common Stock pursuant to an Exchange
Rights Agreement. This Reporting Person disclaims beneficial ownership of these
securities except to the extent of its pecuniary interest therein.
As of January 22, 1997, SWL Partners may be deemed to have beneficially
owned 2.3% of the issued and outstanding shares of Class A Common Stock, or
285,866 shares of Class A Common Stock, by virtue of being a general partner of
SAHI Partners. This Reporting Person disclaims beneficial ownership of these
securities except to the extent of its pecuniary interest therein.
As of January 22, 1997, SWL Mortgage may be deemed to have beneficially
owned 2.3% of the issued and outstanding shares of Class A Common Stock, or
285,866 shares of Class A Common Stock, by virtue of being a general partner of
SWL Partners, which is a general partner of SAHI Partners. This Reporting Person
disclaims beneficial ownership of these securities except to the extent of its
pecuniary interest therein.
As of January 22, 1997, Barry Sternlicht may be deemed to have
beneficially owned 81.2% of the issued and outstanding shares of Class A Common
Stock, or 9,936,706 shares of Class A Common Stock, by virtue of his control of
(i) Sternlicht Holdings, which is the general partner of BSS, which is the
general partner of Starwood Capital, which is a general partner of Starwood
Investors and the general partner of Starwood Holdings, which is the other
general partner of Starwood Investors, (ii) SAHI, Inc., which is a general
partner of SAHI Partners, and (iii) SWL Mortgage, which is the general partner
of SWL Partners, which is a general partner of SAHI Partners. This Reporting
Person disclaims beneficial ownership of these securities except to the extent
of his pecuniary interest therein.
(b) Number of Shares as to Which There is Sole Power to Vote or to Direct
the Vote, Shared Power to Vote or to Direct the Vote, and Sole or Shared Power
to Dispose or to Direct the Disposition:
Starwood Investors has the sole power to vote and dispose of 9,568,944
shares of Class A Common Stock. Starwood Investors does not share the power to
vote or dispose of any shares of Class A Common Stock.
<PAGE>
Page 16 of 29 Pages
By virtue of being a general partner of Starwood Investors, Starwood
Holdings shares the power to vote and dispose of 9,568,944 shares of Class A
Common Stock. Starwood Holdings does not have the sole power to vote or dispose
of any shares of Class A Common Stock.
SAHI Partners has the sole power to vote and dispose of 285,866 shares of
Class A Common Stock. SAHI Partners does not share the power to vote or dispose
of any shares of Class A Common Stock.
By virtue of being a general partner of SAHI Partners, SWL Partners shares
the power to vote and dispose of 285,866 shares of Class A Common Stock. SWL
Partners does not have the sole power to vote or dispose of any shares of Class
A Common Stock.
By virtue of being a general partner of Starwood Investors and the general
partner of Starwood Holdings (the other general partner of Starwood Investors),
Starwood Capital shares the power to vote and dispose of 9,568,944 shares of
Class A Common Stock. Starwood Capital does not have the sole power to vote or
dispose of any shares of Class A Common Stock.
By virtue of being the general partner of Starwood Capital (which is a
general partner of Starwood Investors and the general partner of Starwood
Holdings, which is the other general partner of Starwood Investors), BSS shares
the power to vote and dispose of 9,568,944 shares of Class A Common Stock. BSS
does not have the sole power to vote or dispose of any shares of Class A Common
Stock.
By virtue of being a general partner of BSS (which is the general partner
of Starwood Capital, which is a general partner of Starwood Investors and the
general partner of Starwood Holdings, which is the other general partner of
Starwood Investors), Sternlicht Holdings has the sole power to vote and dispose
of 9,568,944 shares of Class A Common Stock. Sternlicht Holdings does not have
the sole power to vote or dispose of any shares of Class A Common Stock.
SAHI, Inc. has the sole power to vote and dispose of 81,895 shares of
Class A Common Stock and, by virtue of being a general partner of SAHI Partners,
shares the power to vote and dispose of 285,866 shares of Class A Common Stock.
By virtue of being the general partner of SWL Partners (which is a general
partner of SAHI Partners), SWL Mortgage shares the power to direct the vote and
dispose of 285,866 shares of Class A Common Stock. SWL Mortgage does not have
the sole power to vote or dispose of any shares of Class A Common Stock.
By virtue of being (i) the sole owner of Sternlicht Holdings (which is the
general partner of BSS, which is the general partner of Starwood Capital, which
is a general partner of Starwood Investors and the general partner of Starwood
Holdings, which is the other general partner of Starwood Investors), (ii) the
majority owner of SAHI, Inc. (which is a general partner of SAHI Partners), and
(iii) the sole owner of SWL Mortgage (which is the general partner of SWL
Partners, which is a general partner of SAHI Partners), Barry Sternlicht shares
the power to vote and dispose of 9,936,706 shares of Class A Common Stock.
(c) Except as specified below or as previously reported in the Schedule
13D, no Reporting Person has effected any transactions in Class A Common Stock
during the 60 day period preceding January 22, 1997:
<PAGE>
Page 17 of 29 Pages
On January 22, 1997, Starwood Investors exercised its rights under a Class
A Share Purchase Warrant and purchased 5,000,000 shares of Class A Common Stock
of the Issuer. The aggregate purchase price for the 5,000,000 shares of Class A
Common Stock was $5,000,000, which was generated from working capital resources
of Starwood Investors.
On January 22, 1997, SAHI Inc. exercised its rights under a Class B Share
Purchase Warrant and purchased 2,500,000 shares of Class B Common Stock of the
Issuer. The aggregate purchase price for the 2,500,000 shares of Class B Common
Stock was $25,000, which was generated from working capital resources of SAHI
Inc.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
The information previously furnished in response to Item 6 is hereby
amended by adding at the end of such Item the following:
On January 22, 1997, Starwood Investors and SAHI, Inc. exercised their
rights under the Class A Share Purchase Warrant and the Class B Share Purchase
Warrant, respectively.
Item 7. Material to Be Filed as Exhibits.
The following exhibit 1 replaces the previously filed Exhibit 1, dated
November 26, 1993:
Exhibit 1. Amended and Restated Joint Filing Agreement, dated January 30,
1997, among the Reporting Persons pursuant to Rule 13d-1(f) of the
Securities Exchange Act of 1934.
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Page 18 of 29 Pages
Signature
After reasonable 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: January 30, 1997
STARWOOD MEZZANINE INVESTORS, L.P.
By: Starwood Capital Group I, L.P.
Its: General Partner
By: BSS Capital Partners, L.P.
Its: General Partner
By: Sternlicht Holdings II, Inc.
Its: General Partner
By: /S/ JEROME C. SILVEY
Name: Jerome C. Silvey
Its: Senior Vice President and
Chief Financial Officer
<PAGE>
Page 19 of 29 Pages
Signature
After reasonable 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: January 30, 1997
STARWOOD MEZZANINE HOLDINGS, L.P.
By: Starwood Capital Group I, L.P.
Its: General Partner
By: BSS Capital Partners, L.P.
Its: General Partner
By: Sternlicht Holdings II, Inc.
Its: General Partner
By: /S/ JEROME C. SILVEY
Name: Jerome C. Silvey
Its: Senior Vice President and
Chief Financial Officer
<PAGE>
Page 20 of 29 Pages
Signature
After reasonable 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: January 30, 1997
SAHI PARTNERS
By: SAHI, Inc.
Its: General Partner
By: /S/ JEROME C. SILVEY
Name: Jerome C. Silvey
Its: Senior Vice President and
Chief Financial Officer
<PAGE>
Page 21 of 29 Pages
Signature
After reasonable 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: January 30, 1997
STARWOOD CAPITAL GROUP I, L.P.
By: BSS Capital Partners, L.P.
Its: General Partner
By: Sternlicht Holdings II, Inc.
Its: General Partner
By: /S/ JEROME C. SILVEY
Name: Jerome C. Silvey
Its: Senior Vice President and
Chief Financial Officer
<PAGE>
Page 22 of 29 Pages
Signature
After reasonable 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: January 30, 1997
BSS CAPITAL PARTNERS, L.P.
By: Sternlicht Holdings II, Inc.
Its: General Partner
By: /S/ JEROME C. SILVEY
Name: Jerome C. Silvey
Its: Senior Vice President and
Chief Financial Officer
<PAGE>
Page 23 of 29 Pages
Signature
After reasonable 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: January 30, 1997
STERNLICHT HOLDINGS II, INC.
By: /S/ JEROME C. SILVEY
Name: Jerome C. Silvey
Its: Senior Vice President and
Chief Financial Officer
<PAGE>
Page 24 of 29 Pages
Signature
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set 3forth in this statement is true, complete and correct.
Dated: January 30, 1997
SAHI, INC.
By: /S/ JEROME C. SILVEY
Name: Jerome C. Silvey
Its: Senior Vice President and
Chief Financial Officer
<PAGE>
Page 25 of 29 Pages
Signature
After reasonable 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: January 30, 1997
SWL ACQUISITION PARTNERS, L.P.
By: SWL Mortgage Investors, Inc.
Its: General Partner
By: /S/ JEROME C. SILVEY
Name: Jerome C. Silvey
Its: Senior Vice President and
Chief Financial Officer
<PAGE>
Page 26 of 29 Pages
Signature
After reasonable 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: January 30, 1997
SWL MORTGAGE INVESTORS, INC.
By: /S/ JEROME C. SILVEY
Name: Jerome C. Silvey
Its: Senior Vice President and
Chief Financial Officer
<PAGE>
Page 27 of 29 Pages
Signature
After reasonable 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: January 30, 1997
/S/ BARRY STERNLICHT
Barry Sternlicht
<PAGE>
Page 28 of 29 Pages
EXHIBIT 1
JOINT FILING AGREEMENT
This will confirm the agreement by and among all the undersigned that the
Amendment No. 6 to the Schedule 13D filed on or about this date with respect to
the beneficial ownership of the undersigned of shares of Class A Common Stock,
par value $1.00 per share, and Class B Common Stock, par value $.01 per share,
of Angeles Participating Mortgage Trust, is being, and any and all further
amendments to the Schedule 13D may be, filed on behalf of each of the
undersigned.
This Agreement may be executed in two or more counterparts, each of which
will be deemed an original, but all of which together shall constitute one and
the same instrument.
Dated: January 30, 1997
STARWOOD MEZZANINE INVESTORS, L.P.
By: Starwood Capital Group I, L.P.
Its: General Partner
By: BSS Capital Partners, L.P.
Its: General Partner
By: Sternlicht Holdings II, Inc.
Its: General Partner
By: /S/ JEROME C. SILVEY
Name: Jerome C. Silvey
Its: Senior Vice President and
Chief Financial Officer
STARWOOD MEZZANINE HOLDINGS, L.P.
By: Starwood Capital Group I, L.P.
Its: General Partner
By: BSS Capital Partners, L.P.
Its: General Partner
By: Sternlicht Holdings II, Inc.
Its: General Partner
By: /S/ JEROME C. SILVEY
Name: Jerome C. Silvey
Its: Senior Vice President and
Chief Financial Officer
SAHI PARTNERS
By: SAHI, Inc.
Its: General Partner
By: /S/ JEROME C. SILVEY
Name: Jerome C. Silvey
Its: Senior Vice President and
Chief Financial Officer
<PAGE>
Page 29 of 29 Pages
STARWOOD CAPITAL GROUP I, L.P.
By: BSS Capital Partners, L.P.
Its: General Partner
By: Sternlicht Holdings II, Inc.
Its: General Partner
By: /S/ JEROME C. SILVEY
Name: Jerome C. Silvey
Its: Senior Vice President and
Chief Financial Officer
BSS CAPITAL PARTNERS, L.P.
By:Sternlicht Holdings II, Inc.
Its: General Partner
By: /S/ JEROME C. SILVEY
Name: Jerome C. Silvey
Its: Senior Vice President and
Chief Financial Officer
STERNLICHT HOLDINGS II, INC.
By: /S/ JEROME C. SILVEY
Name: Jerome C. Silvey
Its: Senior Vice President and
Chief Financial Officer
SAHI, INC.
By: /S/ JEROME C. SILVEY
Name: Jerome C. Silvey
Its: Senior Vice President and
Chief Financial Officer
SWL ACQUISITION PARTNERS, L.P.
By: SWL Mortgage Investors, Inc.
Its: General Partner
By: /S/ JEROME C. SILVEY
Name: Jerome C. Silvey
Its: Senior Vice President and
Chief Financial Officer
SWL MORTGAGE INVESTORS, INC.
By: /S/ JEROME C. SILVEY
Name: Jerome C. Silvey
Its: Senior Vice President and
Chief Financial Officer
/S/ BARRY STERNLICHT
Barry Sternlicht
<PAGE>
