CARRAMERICA REALTY CORP
SC 13D/A, 2000-08-04
REAL ESTATE INVESTMENT TRUSTS
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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  -------------

                                 SCHEDULE 13D/A

             INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
            TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
                                   RULE 13D-2

                               (AMENDMENT NO. 13)

                         CARRAMERICA REALTY CORPORATION
                    (FORMERLY NAMED CARR REALTY CORPORATION)
              -----------------------------------------------------
                                (Name of Issuer)

                          COMMON STOCK, $.01 PAR VALUE
              -----------------------------------------------------
                         (Title of Class of Securities)

                                   14441K 10 3
--------------------------------------------------------------------------------
                                 (CUSIP Number)

                               JEFFREY A. COZAD
                          SECURITY CAPITAL U.S. REALTY
                                25b, BOULEVARD ROYAL
                                L-2449 LUXEMBOURG
                                 (352) 46 37 561
              -----------------------------------------------------
                  (Name, Address and Telephone Number of Person
                Authorized to Receive Notices and Communications)

                                  JULY 28, 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  which 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 9 Pages)
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<PAGE>


                                  SCHEDULE 13D

--------------------------                            --------------------------
  CUSIP No. 14441K 10 3                                        Page 2 of 9
--------------------------                            --------------------------


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1.       NAMES OF REPORTING PERSONS
         Security Capital U.S. Realty
         I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

--------------------------------------------------------------------------------

2.       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                  (a)   [ ]

                                                                  (b)   [ ]
--------------------------------------------------------------------------------

3.       SEC USE ONLY

--------------------------------------------------------------------------------
4.       SOURCE OF FUNDS

         BK, OO

--------------------------------------------------------------------------------

5.       CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
         PURSUANT TO ITEMS 2(d) OR 2(e)                                 [ ]

--------------------------------------------------------------------------------

6.       CITIZENSHIP OR PLACE OF ORGANIZATION

         Luxembourg

--------------------------------------------------------------------------------
    Number of              7.  SOLE VOTING POWER

      Shares                    28,603,417
                   -------------------------------------------------------------
   Beneficially            8.  SHARED VOTING POWER

     Owned By                   -0-
                   -------------------------------------------------------------
       Each                9.  SOLE DISPOSITIVE POWER

    Reporting                   28,603,417
                   -------------------------------------------------------------
   Person With             10.  SHARED DISPOSITIVE POWER

                                -0-
--------------------------------------------------------------------------------
11.      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
         28,603,417

--------------------------------------------------------------------------------
12.      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
         CERTAIN SHARES
                                                                        [ ]
--------------------------------------------------------------------------------
13.      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
         42.7%

--------------------------------------------------------------------------------
14.      TYPE OF REPORTING PERSON REPORTING

         CO
--------------------------------------------------------------------------------


<PAGE>


                                  SCHEDULE 13D

--------------------------                            --------------------------
  CUSIP No. 14441K 10 3                                        Page 3 of 9
--------------------------                            --------------------------


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1.       NAMES OF REPORTING PERSONS
         Security Capital Holdings S.A.
         I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

--------------------------------------------------------------------------------

2.       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                  (a)   [ ]

                                                                  (b)   [ ]
--------------------------------------------------------------------------------

3.       SEC USE ONLY

--------------------------------------------------------------------------------
4.       SOURCE OF FUNDS

         BK, OO

--------------------------------------------------------------------------------

5.       CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
         PURSUANT TO ITEMS 2(d) OR 2(e)
                                                                        [ ]
--------------------------------------------------------------------------------

6.       CITIZENSHIP OR PLACE OF ORGANIZATION

         Luxembourg

--------------------------------------------------------------------------------
    Number of              7.  SOLE VOTING POWER

      Shares                    28,603,417
                   -------------------------------------------------------------
   Beneficially            8.  SHARED VOTING POWER

     Owned By                   -0-
                   -------------------------------------------------------------
       Each                9.  SOLE DISPOSITIVE POWER

    Reporting                   28,603,417
                   -------------------------------------------------------------
   Person With             10.  SHARED DISPOSITIVE POWER

                                -0-
--------------------------------------------------------------------------------
11.      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
         28,603,417

--------------------------------------------------------------------------------
12.      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
         CERTAIN SHARES
                                                                        [ ]
--------------------------------------------------------------------------------
13.      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
         42.7%

--------------------------------------------------------------------------------
14.      TYPE OF REPORTING PERSON

         CO
--------------------------------------------------------------------------------


<PAGE>


          This Amendment No. 13 is filed by Security Capital U.S. Realty
("Security Capital U.S. Realty"), a corporation organized and existing under the
laws of Luxembourg, and by Security Capital Holdings S.A. ("Holdings"), a
corporation organized and existing under the laws of Luxembourg and a wholly
owned subsidiary of Security Capital U.S. Realty, and amends the Schedule 13D
originally filed on November 14, 1995 (as previously amended, the "Schedule
13D"). This Amendment No. 13 relates to shares of common stock, par value $0.01
per share ("Common Stock"), of CarrAmerica Realty Corporation, a Maryland
corporation formerly named Carr Realty Corporation ("Carr"). Capitalized terms
used herein without definition shall have the meanings ascribed thereto in the
Schedule 13D.

ITEM 6.   CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
          RESPECT TO SECURITIES OF THE ISSUER.

          Item 6 of the Schedule 13D is hereby amended by adding the following
thereto:

          On July 28, 2000, Security Capital U.S. Realty, Holdings, Carr and
Carr Realty, L.P. entered into a letter agreement (the "Letter Agreement")
amending the Stockholders Agreement, dated as of April 30, 1996, among such
parties (the "Stockholders Agreement"). The Letter Agreement provides for, among
other matters, (1) an agreement by Security Capital U.S. Realty and Holdings to
vote any shares of Common Stock beneficially owned by them in excess of 45% of
the outstanding shares of Common Stock as a result of repurchases of shares of
Common Stock by the Carr ("Affected Shares"), in their discretion, either in
accordance with the recommendation of the Board of Directors of Carr or in the
same proportions as other stockholders of Carr and (2) at the request of Carr,
the exchange, under certain circumstances, of Affected Shares for non-voting
convertible common shares or fully participating common-equivalent
non-redeemable preferred shares of Carr. A copy of the Letter Agreement is filed
as Exhibit 12 hereto and incorporated herein by reference, and the description
herein of the Letter Agreement is qualified in its entirety by reference
thereto.

          In addition, Security Capital U.S. Realty and Holdings have advised
Carr that they would not give notice under Section 5.1(b) of the Stockholders
Agreement to terminate the Standstill Period thereunder (and as defined
therein). As a result, the Standstill Period will remain in effect until at
least April 30, 2002, unless earlier terminated in accordance with the terms of
the Stockholders Agreement.

ITEM 7.   MATERIAL TO BE FILED AS EXHIBITS

          Item 7 of the Schedule 13D is hereby amended and restated in its
entirety to read as follows:

          The following Exhibits are filed as part of this Schedule 13D:

Exhibit 1    Name, Business Address, and Present Principal Occupation of Each
             Executive Officer and Director of Security Capital U.S. Realty and
             of Security Capital Holdings S.A.


                                  4 of 9 Pages

<PAGE>


Exhibit 2    Stock Purchase Agreement, dated as of November 5, 1995, by and
             among Carr Realty Corporation, Security Capital Holdings S.A. and
             Security Capital U.S. Realty (incorporated by reference to Exhibit
             5.1 of Carr Realty Corporation's Current Report on Form 8-K dated
             November 6, 1995)

Exhibit 2.1  Amendment No. 1 to the Stock Purchase Agreement, dated as of
             April 29, 1996, by and among Carr Realty Corporation, Security
             Capital Holdings S.A. and Security Capital U.S. Realty

Exhibit 2.2  Stockholders Agreement, dated as of April 30, 1996, by and among
             Carr Realty Corporation, Carr Realty, L.P., Security Capital
             Holdings S.A. and Security Capital U.S. Realty

Exhibit 2.3  Registration Rights Agreement, dated as of April 30, 1996, by and
             among Carr Realty Corporation, Security Capital Holdings S.A. and
             Security Capital U.S. Realty

Exhibit 3    Subscription Agreement, dated as of July 17, 1996, by and among
             CarrAmerica Realty Corporation, Security Capital Holdings S.A. and
             Security Capital U.S. Realty

Exhibit 4    Facility Agreement, dated June 12, 1996, by and among Security
             Capital U.S. Realty, Security Capital Holdings S.A., Commerzbank
             Aktiengesellschaft, as arranger and collateral agent, Commerzbank
             International S.A., as administrative agent and the financial
             institutions listed in Schedule 1 thereto (incorporated by
             reference to Exhibit 4 of the Schedule 13D, dated June 21, 1996,
             filed jointly by Security Capital U.S. Realty and Security Capital
             Holdings S.A. with respect to the common stock of Regency Realty
             Corporation)

Exhibit 5    Subscription Agreement, dated as of November 21, 1996, by and
             among CarrAmerica Realty Corporation, Security Capital Holdings
             S.A. and Security Capital U.S. Realty

Exhibit 6    Subscription Agreement, dated as of December 19, 1996, by and
             among CarrAmerica Realty Corporation, Security Capital Holdings
             S.A. and Security Capital U.S. Realty

Exhibit 7    Subscription Agreement, dated as of January 31, 1997, by and among
             CarrAmerica Realty Corporation, Security Capital Holdings S.A. and
             Security Capital U.S. Realty

Exhibit 8    Subscription Agreement, dated as of April 14, 1997, by and among
             CarrAmerica Realty Corporation, Security Capital Holdings S.A. and
             Security Capital U.S. Realty


                                  5 of 9 Pages

<PAGE>


Exhibit 9    Subscription Agreement, dated as of December 18, 1997, by and
             among CarrAmerica Realty Corporation, Security Capital Holdings
             S.A. and Security Capital U.S. Realty

Exhibit 10   Subscription Agreement, dated as of April 2, 1998, by and among
             CarrAmerica Realty Corporation, Security Capital Holdings S.A. and
             Security Capital U.S. Realty

Exhibit 11   Subscription Agreement, dated as of April 23, 1998, by and among
             CarrAmerica Realty Corporation, Security Capital Holdings S.A. and
             Security Capital U.S. Realty.

Exhibit 12   Letter Agreement, dated July 28, 2000, among CarrAmerica Realty
             Corporation, Carr Realty, L.P., Security Capital U.S. Realty and
             Security Capital Holdings S.A.

Exhibit 13   Joint Filing Agreement, dated as of July 28, 2000, between
             Security Capital U.S. Realty and Security Capital Holdings S.A.


                                  6 of 9 Pages

<PAGE>


                                    SIGNATURE

          After reasonable inquiry and to the best of the undersigned's
knowledge and belief, the undersigned certifies that the information set forth
in this statement is true, complete and correct.

                                           SECURITY CAPITAL U.S. REALTY


                                           By:  /s/ Jeffrey A. Cozad
                                              ---------------------------------
                                              Name:  Jeffrey A. Cozad
                                              Title: Managing Director


                                           SECURITY CAPITAL HOLDINGS S.A.


                                           By:  /s/ Jeffrey A. Cozad
                                              ---------------------------------
                                              Name:  Jeffrey A. Cozad
                                              Title: Managing Director



July 31, 2000


                                  7 of 9 Pages

<PAGE>


                                 EXHIBIT INDEX

Exhibit                                   Description

   1*        Name, Business Address, and Present Principal Occupation of Each
             Executive Officer and Director of Security Capital U.S. Realty and
             of Security Capital Holdings S.A.

   2*        Stock Purchase Agreement, dated as of November 5, 1995, by and
             among Carr Realty Corporation, Security Capital U.S. Realty and
             Security Capital Holdings S.A. (incorporated by reference to
             Exhibit 5.1 of Carr Realty Corporation's Current Report on Form 8-K
             dated November 6, 1995)

  2.1*       Amendment No. 1 to the Stock Purchase Agreement, dated as of April
             29, 1996, by and among Carr Realty Corporation, Security Capital
             Holdings S.A. and Security Capital U.S. Realty

  2.2*       Stockholders Agreement, dated as of April 30, 1996, by and among
             Carr Realty Corporation, Carr Realty, L.P., Security Capital
             Holdings S.A. and Security Capital U.S. Realty

  2.3*       Registration Rights Agreement, dated as of April 30, 1996, by and
             among Carr Realty Corporation, Security Capital Holdings S.A. and
             Security Capital U.S. Realty

   3*        Subscription Agreement, dated as of July 17, 1996, by and among
             CarrAmerica Realty Corporation, Security Capital Holdings S.A. and
             Security Capital U.S. Realty

   4*        Facility Agreement, dated June 12, 1996, by and among Security
             Capital U.S. Realty, Security Capital Holdings S.A., Commerzbank
             Aktiengesellschaft, as arranger and collateral agent, Commerzbank
             International S.A., as administrative agent and the financial
             institutions listed in Schedule 1 thereto (incorporated by
             reference to Exhibit 4 of the Schedule 13D, dated June 21, 1996,
             filed jointly by Security Capital U.S. Realty and Security Capital
             Holdings S.A. with respect to the common stock of Regency Realty
             Corporation)

   5*        Subscription Agreement, dated as of November 21, 1996, by and among
             CarrAmerica Realty Corporation, Security Capital Holdings S.A. and
             Security Capital U.S. Realty


----------------------
*  Previously filed

                                  8 of 9 Pages

<PAGE>


   6*        Subscription Agreement, dated as of December 19, 1996, by and among
             CarrAmerica Realty Corporation, Security Capital Holdings S.A. and
             Security Capital U.S. Realty

   7*        Subscription Agreement, dated as of January 31, 1997, by and among
             CarrAmerica Realty Corporation, Security Capital Holdings S.A. and
             Security Capital U.S. Realty

   8*        Subscription Agreement, dated as of April 14, 1997, by and among
             CarrAmerica Realty Corporation, Security Capital Holdings S.A. and
             Security Capital U.S. Realty

   9*        Subscription Agreement, dated as of December 18, 1997, by and among
             CarrAmerica Realty Corporation, Security Capital Holdings S.A. and
             Security Capital U.S. Realty

  10*        Subscription Agreement, dated as of April 2, 1998, by and among
             CarrAmerica Realty Corporation, Security Capital Holdings S.A. and
             Security Capital U.S. Realty

  11*        Subscription Agreement, dated as of April 23, 1998, by and among
             CarrAmerica Realty Corporation, Security Capital Holdings S.A. and
             Security Capital U.S. Realty

  12         Letter Agreement, dated July 28, 2000, among CarrAmerica Realty
             Corporation, Carr Realty, L.P., Security Capital U.S. Realty and
             Security Capital Holdings S.A.

  13         Joint Filing Agreement, dated as of July 28, 2000, between Security
             Capital U.S. Realty and Security Capital Holdings S.A.




----------------------
*  Previously Filed


                                  9 of 9 Pages




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