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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES AND EXCHANGE ACT OF 1934
(Amendment No. )*
Metropolis Realty Trust, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
591730106
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(CUSIP Number)
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*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).
(Continued on the following page(s))
Page 1 of 8 Pages
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CUSIP No. 591730106 13G Page 2 of 10 Pages
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
The TCW Group, Inc.
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) /X/
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(3) SEC Use Only
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(4) Citizenship or Place of Organization
Nevada corporation
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Number of Shares (5) Sole Voting
Beneficially Power 667,527
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power 1,586,814
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(7) Sole Dispositive
Power 667,527
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(8) Shared Dispositive
Power 1,586,814
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,254,341
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(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
/ /
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(11) Percent of Class Represented by Amount in Row (9)
17.4% (see response to Item 4)
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(12) Type of Reporting Person*
HC/CO
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*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 10 Pages
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CUSIP No. 591730106 13G Page 3 of 10 Pages
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Robert Day
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) /X/
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(3) SEC Use Only
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(4) Citizenship or Place of Organization
United States Citizen
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Number of Shares (5) Sole Voting
Beneficially Power 667,527
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power 1,586,814
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(7) Sole Dispositive
Power 667,527
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(8) Shared Dispositive
Power 1,586,814
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,254,341
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(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
/ /
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(11) Percent of Class Represented by Amount in Row (9)
17.4% (see response to Item 4)
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(12) Type of Reporting Person*7
HC/IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
Page 3 of 10 Pages
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CUSIP No. 591730106 13G Page 4 of 10 Pages
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Oaktree Capital Management, LLC
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) /X/
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(3) SEC Use Only
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(4) Citizenship or Place of Organization
California limited liability company
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Number of Shares (5) Sole Voting
Beneficially Power 176,049
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power 1,586,814
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(7) Sole Dispositive
Power 176,049
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(8) Shared Dispositive
Power 1,586,814
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person
1,762,863
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(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
/ /
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(11) Percent of Class Represented by Amount in Row (9)
13.6% (see response to Item 4)
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(12) Type of Reporting Person*
IA
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*SEE INSTRUCTION BEFORE FILLING OUT!
Page 4 of 10 Pages
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Item 1(a). Name of Issuer:
Metropolis Realty Trust, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
c/o Victor Capital Group, L.P.
885 Third Avenue
12th Floor
New York, NY 10022
Item 2(a). Name of Persons Filing:
Item 2(b). Address of Principal Business Office:
Item 2(c). Citizenship:
The TCW Group, Inc.
865 South Figueroa Street
Los Angeles, CA 90017
(Nevada Corporation)
Robert Day
200 Park Avenue, Suite 2200
New York, New York 10166
(United States Citizen)
Oaktree Capital Management, LLC
550 South Hope Street, 22nd floor
Los Angeles, CA 90071
(California limited liability company)
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP Number:
591730106
Page 5 of 10 Pages
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Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of the Act:
Not applicable
(b) [ ] Bank as defined in Section 3(a)(6) of the Act:
Not applicable
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act:
Not applicable
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act:
Not applicable
(e) [X] Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940:
Oaktree Capital Management, LLC
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund (SEE 13d-1(b)(1)(ii)(F)):
Not applicable
(g) [X] Parent Holding Company, in accordance with Rule
13d-1(b)(ii)(G) (SEE Item 7):
The TCW Group, Inc.
Robert Day (individual who may be deemed to control The
TCW Group, Inc. and other holders of the Common Stock
of the issuer)
(h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H):
Not applicable.
Page 6 of 10 Pages
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Item 4. Ownership **
THE TCW GROUP, INC.
(a) Amount beneficially owned: 2,254,341
(b) Percent of class: 17.4%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
667,527
(ii) Shared power to vote or to direct the vote:
1,586,814***
(iii) Sole power to dispose or direct the disposition of:
667,527
(iv) Shared power to dispose or to direct the disposition of:
1,586,814***
ROBERT DAY ****
(a) Amount beneficially owned: 2,254,341
(b) Percent of class: 17.4%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
667,527
(ii) Shared power to vote or to direct the vote: 1,586,814***
(iii) Sole power to dispose or direct the disposition of:
667,527
(iv) Shared power to dispose or to direct the disposition of:
1,586,814***
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** The filing of this Schedule 13G shall not be construed as an admission that
the reporting person or any of its affiliates is, for the purposes of Section
13(d) or 13(g) of the Securities Exchange Act of 1934, the beneficial owner of
any securities covered by this Schedule 13G. In addition, the filing of this
Schedule 13G shall not be construed as an admission that the reporting person
or any of its affiliates is the beneficial owner of any securities covered by
this Schedule 13G for any other purposes than Section 13(d) of the Securities
Exchange Act of 1934.
*** The TCW Group, Inc. and Robert Day share the power to vote or the
direction of voting and the power to dispose or the direction of disposition of
1,586,814 shares under sub-advisory agreements with Oaktree Capital Management,
LLC, an Investment Adviser registered under Section 203 of the Investment
Advisers Act of 1940.
**** Shares reported for Robert Day include shares reported for The TCW
Group, Inc.
Page 7 of 10 Pages
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OAKTREE CAPITAL MANAGEMENT, LLC
(a) Amount beneficially owned: 1,762,863
(b) Percent of class: 13.6%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
176,049
(ii) Shared power to vote or to direct the vote:
1,586,814***
(iii) Sole power to dispose or direct the disposition of:
176,049
(iv) Shared power to dispose or to direct the disposition of:
1,586,814***
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Various persons other than as described in Item 4 have the right to
receive or the power to direct the receipt of dividends from, or
the proceeds from the sale of, the Common Stock of Metropolis
Realty Trust, Inc.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company.
SEE Exhibit A.
Item 8. Identification and Classification of Members of the Group.
Not applicable. SEE Exhibits A and B.
Item 9. Notice of Dissolution of Group.
Not applicable.
Page 8 of 10 Pages
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Item 10. Certification.
Because this statement is filed pursuant to Rule 13d-1(b), the following
certification is included:
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the
effect of changing or influencing the control of the issuer of such
securities and were not acquired in connection with or as a participant
in any transaction having such purpose or effect.
Page 9 of 10 Pages
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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 this 7th day of August, 1997.
The TCW Group, Inc.
By: /s/ MOHAN V. PHANSALKAR
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Mohan V. Phansalkar
Authorized Signatory
Robert Day
By: /s/ MOHAN V. PHANSALKAR
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Mohan V. Phansalkar
Under Power of Attorney dated
January 30, 1996, on File with
Schedule 13G Amendment Number 1
for Matrix Service Co. dated
January 30, 1996.
Oaktree Capital Management, LLC
By: /s/ KENNETH LIANG
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Kenneth Liang
Managing Director and
General Counsel
Page 10 of 10 Pages
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EXHIBIT 21
EXHIBIT A
RELEVANT SUBSIDIARIES OF PARENT HOLDING COMPANY
PART A: TCW ENTITIES
PARENT HOLDING COMPANY:
The TCW Group, Inc.
Robert Day (an individual who may be deemed to control The TCW Group,
Inc.)
RELEVANT SUBSIDIARIES THAT ARE PERSONS DESCRIBED IN RULE 13d-1(b):
(i) Trust Company of the West, a California corporation and a bank as
defined in Section 3(a)(6) of the Securities Exchange Act of 1934.
(ii) TCW Asset Management Company, a California corporation and an
Investment Adviser registered under Section 203 of the Investment Advisers
Act of 1940.
(iii) TCW Special Credits, a California general partnership and an
Investment Adviser registered under Section 203 of the Investment Advisers
Act of 1940.
Note: No Common Stock of Metropolis Realty Trust, Inc. is held directly
by The TCW Group, Inc. Other than the indirect holdings of the
Common Stock of Metropolis Realty Trust, Inc. no Common Stock of
Metropolis Realty Trust, Inc. is held directly by Robert Day, an
individual who may be deemed to control The TCW Group, Inc.
PART B: NON TCW ENTITIES
PARENT HOLDING COMPANY:
Robert Day (an individual who may be deemed to control the holders
described below which are not subsidiaries of The TCW Group, Inc.)
RELEVANT SUBSIDIARIES THAT ARE PERSONS DESCRIBED IN
RULE 13D-1(b):
Oakmont Corporation, a California corporation and an Investment
Adviser registered under Section 203 of the Investment Advisers
Act of 1940.
Cypress International Partners Limited, a British Virgin Islands
corporation and an Investment Adviser registered under Section 203
of the Investment Advisers Act of 1940.
A-1
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EXHIBIT 99.1
EXHIBIT B
JOINT FILING AGREEMENT
The undersigned acknowledge and agree that the foregoing statement
on Schedule 13G is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13G shall be filed on
behalf of each of the undersigned without the necessity of filing additional
joint acquisition statements. The undersigned acknowledge that each shall be
responsible for the timely filing of such amendments, and for the
completeness and accuracy of the information concerning him or it contained
therein, but shall not be responsible for the completeness and accuracy of
the information concerning the other, except to the extent that he or it
knows or has reason to believe that such information is accurate.
Dated: August 7, 1997
The TCW Group, Inc.
By: /s/ MOHAN V. PHANSALKAR
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Mohan V. Phansalkar
Authorized Signatory
Robert Day
By: /s/ MOHAN V. PHANSALKAR
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Mohan V. Phansalkar
Under Power of Attorney dated
January 30, 1996, on File with
Schedule 13G Amendment Number 1
for Matrix Service Co. dated
January 30, 1996.
Oaktree Capital Management, LLC
By: /s/ KENNETH LIANG
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Kenneth Liang
Managing Director and
General Counsel
B-1
