UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)
KOGER EQUITY, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
500228101
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(CUSIP Number)
John F. Hartigan, Esq.
Morgan, Lewis & Bockius LLP
801 South Grand Avenue
Los Angeles, CA 90017
(213) 612-2500
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
April 21, 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-1(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 a 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-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 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 1 of 7 Pages
<PAGE>
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CUSIP No. 500228101 SCHEDULE 13D Page 2 of 7 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Apollo Real Estate Investment Fund II, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX 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
Delaware
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7 SOLE VOTING POWER
4,984,698 shares
NUMBER OF
SHARES --------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
EACH --------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 4,984,698 shares
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10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,984,698
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.8%
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14 TYPE OF REPORTING PERSON*
PN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 500228101 SCHEDULE 13D Page 3 of 7 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Apollo Real Estate Advisors II, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
00
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5 CHECK BOX 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
Delaware
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7 SOLE VOTING POWER
4,984,698 shares
NUMBER OF
SHARES --------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
EACH --------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 4,984,698 shares
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,984,698
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.8%
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14 TYPE OF REPORTING PERSON*
PN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 500228101 SCHEDULE 13D Page 4 of 7 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
AREIF II Realty Trust, Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC; AF
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5 CHECK BOX 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
Maryland
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7 SOLE VOTING POWER
4,713,598 shares
NUMBER OF
SHARES --------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
EACH --------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 4,713,598 shares
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10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,713,598
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
22.5%
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14 TYPE OF REPORTING PERSON*
CO
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
STATEMENT PURSUANT TO RULE 13d-1
OF THE
GENERAL RULES AND REGULATIONS
UNDER THE
SECURITIES EXCHANGE ACT OF 1934, AS AMENDED (THE "ACT")
================================================================================
This Amendment No. 5 amends and supplements the Schedule 13D,
dated June 25, 1996, as amended by Amendment No. 1, dated August 15, 1996,
Amendment No. 2, dated October 10, 1996, Amendment No. 3, dated October 31,
1996, and Amendment No. 4, dated March 26, 1997, by Apollo Real Estate
Investment Fund II, L.P. ("AREIF II"), Apollo Real Estate Advisors II, L.P.
("AREA II") and AREIF II Realty Trust, Inc. ("Realty Trust").
Item 3. Source and Amount of Funds or Other Consideration.
The first paragraph of Item 3 is hereby amended and
supplemented to add following to the end thereof:
Since the date of the last filing on Schedule 13D, AREIF II
has purchased an additional 271,100 shares of Common Stock. Therefore, as of the
date hereof, the Reporting Persons are deemed to beneficially own 4,984,698
shares of Common Stock, which consist of 4,713,598 shares are owned directly by
Realty Trust and 271,100 shares owned directly by AREIF II. The source of all
funds used to acquire beneficial ownership of such shares of Common Stock was
investment funds from working capital of AREIF II and from a wholly owned
subsidiary of AREIF II. None of the funds used to acquire beneficial ownership
were borrowed funds or otherwise obtained for the purpose of acquiring the
Common Stock; however, the Reporting Persons may, from time to time, use some or
all of the Common Stock in connection with various collateral investment
accounts in the ordinary course of business. AREIF II may be deemed to
beneficially own the shares of Common Stock beneficially owned by Realty Trust;
and AREA II, managing general partner of AREIF II, is deemed to beneficially own
the shares of Common Stock beneficially owned by AREIF II. The shares of Common
Stock beneficially owned by the Reporting Persons were acquired as described
herein.
Item 5. Interest in Securities of the Issuer.
Paragraphs (a) and (b) of Item 5 are hereby amended and
restated in their entirety as follows:
Page 5 of 7 Pages
<PAGE>
(a) and (b) As of the date hereof, the Reporting Persons are
deemed to beneficially own an aggregate of 4,984,698 shares of the Common Stock,
which constitutes approximately 23.8% of the Common Stock outstanding.*
Realty Trust owns, directly, 4,713,598 shares of Common Stock,
as to which it has sole voting and dispositive power. AREIF II owns an aggregate
of 4,984,698 shares of the Common Stock, consisting of 4,713,598 shares of
Common Stock owned indirectly (through Realty Trust), as to which it has sole
voting and dispositive power, and 271,100 shares of Common Stock owned directly,
as to which it has sole voting and dispositive power. AREA II, the managing
general partner of AREIF II, is deemed to beneficially own all of such 4,984,698
shares of Common Stock and have sole voting and dispositive power.
Paragraph (c) of Item 5 is hereby amended to include the
following:
(c) Set forth below is a table of all transactions in the
Common Stock effected by the Reporting Persons since March 26, 1997, the date of
the most recent filing on Schedule 13D by the Reporting Persons. All purchases
were made by ARIEF II.
<TABLE>
<CAPTION>
Type of Price Number
Transaction Trade Date Per Share Shares Location
<S> <C> <C> <C> <C> <C>
Purchase 4/3/97 $16.484 4,000 Exchange
Purchase 4/7/97 16.500 25,000 Exchange
Purchase 4/8/97 16.686 20,000 Exchange
Purchase 4/9/97 17.125 800 Exchange
Purchase 4/10/97 17.214 20,000 Exchange
Purchase 4/11/97 16.983 60,000 Exchange
Purchase 4/15/97 16.500 40,000 Exchange
Purchase 4/16/97 16.250 20,000 Exchange
Purchase 4/17/97 15.862 7,800 Exchange
Purchase 4/18/97 15.985 10,600 Exchange
Purchase 4/21/97 15.875 20,000 Exchange
Purchase 4/22/97 15.750 19,600 Exchange
Purchase 4/23/97 15.750 12,000 Exchange
Purchase 4/24/97 15.625 9,100 Exchange
Purchase 4/25/97 15.625 2,200 Exchange
</TABLE>
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* All calculations of percentages of beneficial ownership in this
Schedule 13D are based on there being 20,980,000 shares of Common Stock
outstanding as of February 28, 1997, as disclosed in the Company's
Annual Report on Form 10-K for the period ended December 31, 1996.
Page 6 of 7 Pages
<PAGE>
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: April 28, 1997
APOLLO REAL ESTATE INVESTMENT FUND II, L.P.
By: Apollo Real Estate Advisors II, L.P., its
General Partner
By: Apollo Real Estate Capital Advisors II, Inc.,
its General Partner
By: /s/ Michael D. Weiner
------------------------------------
Name: Michael D. Weiner
Title: Vice President
APOLLO REAL ESTATE ADVISORS II, L.P.
By: Apollo Real Estate Capital Advisors II, Inc.
General Partner
By: /s/ Michael D. Weiner
-------------------------------------
Name: Michael D. Weiner
Title: Vice President
AREIF II REALTY TRUST, INC.
By: /s/ John R.S. Jacobsson
------------------------------------------
Name: John R. S. Jacobsson
Title: Vice President
Page 7 of 7 Pages
