<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 7)
Atlantic Realty Trust
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(Name of Issuer)
Common Shares of Beneficial Interest, par value $0.01 per share
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(Title of Class of Securities)
048798-10-2
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(CUSIP Number)
Milton Cooper
Kimco Realty Corporation
3333 New Hyde Park Road
New Hyde Park, NY 11042-0020
(516) 869-9000
with a copy to:
Raymond Y. Lin, Esq.
Erica H. Steinberger, Esq.
Latham & Watkins
885 Third Avenue
New York, New York 10022
(212) 906-1200
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
August 22, 2000
(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 that is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box. [ ]
(Continued on following pages)
(Page 1 of 10 pages)
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CUSIP No. 048798-10-2 13D Page 2 of 10
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities only)
Kimco Realty Corporation
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC
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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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CITIZENSHIP OR PLACE OF ORGANIZATION
6
Maryland
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SOLE VOTING POWER
7
345,498
NUMBER OF --------------------------------------------------
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY
EACH None
REPORTING --------------------------------------------------
PERSON SOLE DISPOSITIVE POWER
WITH 9
345,498
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SHARED DISPOSITIVE POWER
10
None
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
345,498
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
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13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.7%
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14 TYPE OF REPORTING PERSON
CO
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<PAGE>
CUSIP No. 048798-10-2 13D Page 3 of 10
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities only)
Kimco Realty Services, Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC, AF
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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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CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
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SOLE VOTING POWER
7
NUMBER OF None
SHARES
BENEFICIALLY --------------------------------------------------
OWNED BY SHARED VOTING POWER
EACH 8
REPORTING
PERSON 655,528
WITH --------------------------------------------------
SOLE DISPOSITIVE POWER
9
None
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SHARED DISPOSITIVE POWER
10
655,528
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
655,528
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
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13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
18.4%
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14 TYPE OF REPORTING PERSON
CO
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CUSIP No. 048798-10-2 13D Page 4 of 10
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities only)
Milton Cooper
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
00
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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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CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
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SOLE VOTING POWER
7
NUMBER OF 29,824
SHARES
BENEFICIALLY --------------------------------------------------
OWNED BY SHARED VOTING POWER
EACH 8
REPORTING
PERSON 658,655
WITH --------------------------------------------------
SOLE DISPOSITIVE POWER
9
29,824
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SHARED DISPOSITIVE POWER
10
658,655
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
688,479
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X]
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13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.3%
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14 TYPE OF REPORTING PERSON
IN
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<PAGE>
Page 5 of 10 pages
This Amendment No. 7 amends and supplements the Schedule 13D filed on
May 24, 1996, and amended on July 3, 1996, by Kimco Realty Corporation, a
Maryland corporation ("Kimco"), and Milton Cooper and further amended on May 15,
1997, June 10, 1997, April 30, 1998, September 20, 1999, and August 10, 2000 by
Kimco, Milton Cooper and Kimco Realty Services, Inc., a Delaware corporation
("Services"), 60% of the voting common stock of which is owned by Mr. Cooper (as
amended, the "Schedule 13D"), relating to the common shares of beneficial
interest, par value $.01 per share (the "Shares"), of Atlantic Realty Trust, a
Maryland corporation (the "Company"). Unless otherwise indicated, all
capitalized terms used herein shall have the meanings given to them in the
Schedule 13D, and unless amended or supplemented hereby, all information
previously filed remains in effect.
Item 3. Source and Amount of Funds or Other Consideration.
Services obtained the funds required for the purchase of
Shares reported in Item 5(c) from its working capital and a loan from Kimco.
Item 5. Interest in Securities of the Issuer.
(a) Kimco beneficially owns an aggregate of 345,498 Shares, or
approximately 9.7% of the outstanding Shares, and Services beneficially owns an
aggregate of 655,528 Shares, or approximately 18.4% of the outstanding Shares
(based on 3,561,553 Shares reported by the Company to be outstanding as of
August 4, 2000, in the Company's Quarterly Report on Form 10-Q for the Period
Ended June 30, 2000).
Mr. Cooper beneficially owns 688,479 Shares (which includes
all of the Shares owned by Services, 60.0% of whose voting common stock is owned
by Mr. Cooper), or approximately 19.3% of the outstanding Shares, of which 2,012
Shares are held through IRA accounts, and 3,127 Shares are held by a trust for
Adam Kimmel, the son of Martin S. Kimmel (the "Kimmel Trust"), for which Mr.
Cooper serves as a trustee. Such holdings do not include an aggregate of 6,050
Shares held by Mr. Cooper's adult children or their spouses, an aggregate of
2,979 Shares held by nine trusts for the benefit of Mr. Cooper's grandchildren,
for which certain of such adult children serve as trustees, or 3,750 Shares held
by CLS General Partnership Corporation (a Delaware corporation which serves as
the general partner of Power Test Investors Limited Partnership, a New York
limited partnership), of which Mr. Cooper is a stockholder and serves as
secretary and a director, as to all of which Shares Mr. Cooper disclaims
beneficial ownership.
Except as set forth herein, each of the Reporting Persons
disclaims beneficial ownership of any Shares beneficially owned by any other
person described in this Item 5(a) or on Schedule II hereto.
(b) Each Reporting Person has sole power to vote, or direct
the vote, and to dispose or direct the disposition of, all Shares reported as
beneficially owned by it or him, except that, (i) Mr. Cooper, by reason of his
ownership of 60% of Services' voting common stock, has the power to direct the
vote or the disposition of all Shares reported as beneficially owned by
Services, and (ii) with respect to the 3,127 Shares held by the Kimmel Trust,
Mr. Cooper shares such power with the other trustee.
(c) Set forth below are all transactions in Shares effected
by or for the account of Services since Amendment No. 6 to the Schedule 13D.
Except as noted, each transaction was an open-market purchase.
Date # of Shares Price per Share
---- ----------- ---------------
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Page 6 of 10 pages
8/16/00 1,700 $6.42
8/17/00 300 $7.00
8/21/00 2,300 $7.86
8/22/00 140,000 $9.13 (block trade)
(d) No person other than the Reporting Persons is known to the
Reporting Persons to have the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of, the Shares
beneficially owned by the Reporting Persons, except that, with respect to the
Shares owned by the Kimmel Trust, such Trust and the trustee thereof who shares
such power with Mr. Cooper.
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Page 7 of 10 pages
Signature
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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.
KIMCO REALTY CORPORATION
By: /s/ Milton Cooper
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Name: Milton Cooper
Title: Chairman and Chief Executive Officer
KIMCO REALTY SERVICES, INC.
By: /s/ Milton Cooper
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Name: Milton Cooper
Title: President
/s/ Milton Cooper
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Milton Cooper
Dated: August 23, 2000
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Page 8 of 10 pages
EXHIBIT INDEX
Exhibit Page Number
1. Joint Filing Agreement *
2. Joint Filing Agreement *
3. Standstill Agreement *
4. Amended Standstill Agreement *
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* Previously filed
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Page 9 of 10 pages
SCHEDULE II
Set forth below is the name, principal business, business address and
beneficial ownership of Shares of each executive officer and director of Kimco
and Services, other than Milton Cooper, for whom such information is contained
in Items 2 and 5 of the Schedule 13D. Unless otherwise indicated, the current
business address of each person is c/o Kimco, 3333 New Hyde Park Road, Suite
100, New Hyde Park, NY 11041-0020. Each such person is a citizen of the United
States of America.
1. Executive Officers & Directors of Kimco.
<TABLE>
<CAPTION>
Name Principal Occupation or Employment Shares Beneficially
---- ---------------------------------- -------------------
Owned(1)
--------
<S> <C> <C>
Martin S. Kimmel Director 10,487(2)
Richard G. Dooley Director of Kimco; Consultant to -0-
c/o Massachusetts Mutual Life Massachusetts Mutual Life Insurance Company
Insurance Company
1295 State Street
Springfield, Mass. 01111
Michael J. Flynn Vice Chairman of the Board of Directors, -0-
President and Chief Operating Officer of
Kimco
Frank Lourenso Director of Kimco; Executive Vice President -0-
c/o The Chase Manhattan Bank of The Chase Manhattan Bank
270 Park Avenue
New York, NY 10017
Joe Grills Director of Kimco; Chief Investment Officer -0-
11479 Twin Mountains Road for the IBM Retirement Funds, 1986-1993
Clifton, VI 22733
Joseph K. Kornwasser Director of Kimco, Senior Executive -0-
Vice President
Alex Weiss Vice President--MIS of Kimco 1,250
Michael V. Pappagallo Chief Financial Officer of Kimco -0-
Bruce M. Kauderer Vice President, Legal and Secretary of Kimco -0-
Jerald Friedman Executive Vice President -0-
Joseph V. Denis Vice President, Construction of Kimco -0-
Glenn G. Cohen Vice President and Treasurer of Kimco -0-
Robert Nadler President -- Midwest Division of Kimco -0-
Joel Yarmak Vice President -- Financial Operations of -0-
Kimco
</TABLE>
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Page 10 of 10 pages
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1 All of such Shares were received in the Distribution and no consideration
was paid therefor.
2 Does not include 14,135 Shares beneficially owned by Mr. Kimmel's wife or
3,127 by a trust for the benefit of Mr. Kimmel's son, for which Mr. Cooper
serves as trustee, as to which Mr. Kimmel disclaims beneficial interest.
Such Shares were received in the Distribution and no consideration was paid
therefor.
2. Executive Officers & Directors of Services.
<TABLE>
<CAPTION>
Name Principal Occupation or Employment Shares Beneficially
---- ---------------------------------- -------------------
Owned
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<S> <C> <C>
Arthur Friedman Director and Secretary of Services; Certified Public -0-
Accountant
Sol Denbaum Director of Services; Vice President - Maintenance -0-
(retired) of Kimco
Michael V. Pappagallo Chief Financial Officer of Kimco and Services -0-
Milton Cooper Director and President of Kimco Realty Services 688,479
Martin Kimmel Director of Kimco Realty Services 10,487
</TABLE>
