<PAGE> 1
SCHEDULE 13G
(RULE 13d-102)
Information to be Included in Statements Filed Pursuant to Rule 13d-1(b), (c)
and (d) and Amendments Thereto Filed Pursuant to Rule 13d-2.
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.1)*
Manufactured Home Communities, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.01
- --------------------------------------------------------------------------------
(Title of Class of Securities)
564682 10 2
- --------------------------------------------------------------------------------
(CUSIP Number)
- --------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
*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 the disclosures provided in a prior cover page.
The information required in 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> 2
CUSIP NO. 564682 10 2 PAGE 2 OF 27 PAGES
- --------------------------------------------------------------------------------
1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Samuel Zell
###-##-####
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a) [X]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
Number of
5 Sole Voting Power
Shares 169,383
-----------------------------------------------------
Beneficially 6 Shared Voting Power
1,268,847
Owned by -----------------------------------------------------
7 Sole Dispositive Power
Each 169,383
-----------------------------------------------------
Reporting 8 Shared Dispositive Power
Person With 1,268,847
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
1,438,230
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
(See Instructions)
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
5.3% (5.0% assuming conversion of all Reporting Persons' derivative
securities)
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
IN
- --------------------------------------------------------------------------------
<PAGE> 3
CUSIP NO. 564682 10 2 PAGE 3 OF 27 PAGES
- --------------------------------------------------------------------------------
1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Samuel Zell Revocable Trust u/t/a 1/17/90
###-##-####
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a) [X]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
Illinois
- --------------------------------------------------------------------------------
Number of
5 Sole Voting Power
Shares
-----------------------------------------------------
Beneficially 6 Shared Voting Power
1,268,847
Owned by -----------------------------------------------------
7 Sole Dispositive Power
Each
-----------------------------------------------------
Reporting 8 Shared Dispositive Power
Person With 1,268,847
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
1,268,847
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
(See Instructions)
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
4.7% (4.4% assuming conversion of all Reporting Persons' derivative
securities)
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
OO
- --------------------------------------------------------------------------------
<PAGE> 4
CUSIP NO. 564682 10 2 PAGE 4 OF 27 PAGES
- --------------------------------------------------------------------------------
1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Samstock/SZRT, L.L.C.
###-##-####
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a) [X]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
Delaware
- --------------------------------------------------------------------------------
Number of
5 Sole Voting Power
Shares
-----------------------------------------------------
Beneficially 6 Shared Voting Power
307,774
Owned by -----------------------------------------------------
7 Sole Dispositive Power
Each
-----------------------------------------------------
Reporting 8 Shared Dispositive Power
Person With 307,774
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
307,774
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
(See Instructions)
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
1.2% (1.1% assuming conversion of all Reporting Persons' derivative
securities)
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
OO
- --------------------------------------------------------------------------------
<PAGE> 5
CUSIP NO. 564682 10 2 PAGE 5 OF 27 PAGES
- --------------------------------------------------------------------------------
1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Samstock/ZGPI, L.L.C.
36-3716786
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a) [X]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
Delaware
- --------------------------------------------------------------------------------
Number of
5 Sole Voting Power
Shares
-----------------------------------------------------
Beneficially 6 Shared Voting Power
6,003
Owned by -----------------------------------------------------
7 Sole Dispositive Power
Each
-----------------------------------------------------
Reporting 8 Shared Dispositive Power
Person With 6,003
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
6,003
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
(See Instructions)
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
.02% (.02% assuming conversion of all Reporting Persons' derivative
securities)
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
OO
- --------------------------------------------------------------------------------
<PAGE> 6
CUSIP NO. 564682 10 2 PAGE 6 OF 27 PAGES
- --------------------------------------------------------------------------------
1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Samstock L.L.C.
36-4156890
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a) [X]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
Delaware
- --------------------------------------------------------------------------------
Number of
5 Sole Voting Power
Shares
-----------------------------------------------------
Beneficially 6 Shared Voting Power
947,665
Owned by -----------------------------------------------------
7 Sole Dispositive Power
Each
-----------------------------------------------------
Reporting 8 Shared Dispositive Power
Person With 947,665
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
947,665
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
(See Instructions)
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
3.5% (3.3% assuming conversion of all Reporting Persons' derivative
securities)
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
OO
- --------------------------------------------------------------------------------
<PAGE> 7
CUSIP NO. 564682 10 2 PAGE 7 OF 27 PAGES
- --------------------------------------------------------------------------------
1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Samstock/ZFT, L.L.C.
36-30229676
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a) [X]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
Delaware
- --------------------------------------------------------------------------------
Number of
5 Sole Voting Power
Shares
-----------------------------------------------------
Beneficially 6 Shared Voting Power
187,278
Owned by -----------------------------------------------------
7 Sole Dispositive Power
Each
-----------------------------------------------------
Reporting 8 Shared Dispositive Power
Person With 187,278
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
187,278
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
(See Instructions)
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
.7% (.6% assuming conversion of all Reporting Persons' derivative
securities)
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
PN
- --------------------------------------------------------------------------------
<PAGE> 8
CUSIP NO. 564682 10 2 PAGE 8 OF 27 PAGES
- --------------------------------------------------------------------------------
1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
EGI Holdings, Inc.
36-4175553
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a) [X]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
Illinois
- --------------------------------------------------------------------------------
Number of
5 Sole Voting Power
Shares
-----------------------------------------------------
Beneficially 6 Shared Voting Power
579,873
Owned by -----------------------------------------------------
7 Sole Dispositive Power
Each
-----------------------------------------------------
Reporting 8 Shared Dispositive Power
Person With 579,873
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
579,873
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
(See Instructions)
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
2.1% (2.0% assuming conversion of all Reporting Persons' derivative
securities)
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
CO
- --------------------------------------------------------------------------------
<PAGE> 9
CUSIP NO. 564682 10 2 PAGE 9 OF 27 PAGES
- --------------------------------------------------------------------------------
1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
EGIL Investments, Inc.
36-4175555
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a) [X]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
Illinois
- --------------------------------------------------------------------------------
Number of
5 Sole Voting Power
Shares
-----------------------------------------------------
Beneficially 6 Shared Voting Power
579,873
Owned by -----------------------------------------------------
7 Sole Dispositive Power
Each
-----------------------------------------------------
Reporting 8 Shared Dispositive Power
Person With 579,873
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
579,873
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
(See Instructions)
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
2.1% (2.0% assuming conversion of all Reporting Persons' derivative
securities)
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
CO
- --------------------------------------------------------------------------------
<PAGE> 10
CUSIP NO. 564682 10 2 PAGE 10 OF 27 PAGES
- --------------------------------------------------------------------------------
1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Ann Lurie
###-##-####
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a) [X]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
Number of
5 Sole Voting Power
Shares
-----------------------------------------------------
Beneficially 6 Shared Voting Power
1,398,876
Owned by -----------------------------------------------------
7 Sole Dispositive Power
Each
-----------------------------------------------------
Reporting 8 Shared Dispositive Power
Person With 1,398,876
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
1,398,876
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
(See Instructions)
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
5.0% (4.8% assuming conversion of all Reporting Persons' derivative
securities)
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
IN
- --------------------------------------------------------------------------------
<PAGE> 11
CUSIP NO. 564682 10 2 PAGE 11 OF 27 PAGES
- --------------------------------------------------------------------------------
1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Anda Partnership
88-0132846
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a) [X]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
Nevada
- --------------------------------------------------------------------------------
Number of
5 Sole Voting Power
Shares
-----------------------------------------------------
Beneficially 6 Shared Voting Power
233,694
Owned by -----------------------------------------------------
7 Sole Dispositive Power
Each
-----------------------------------------------------
Reporting 8 Shared Dispositive Power
Person With 233,694
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
233,694
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
(See Instructions)
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
.9% ( .8% assuming conversion of all Reporting Persons' derivative
securities)
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
PN
- --------------------------------------------------------------------------------
<PAGE> 12
CUSIP NO. 564682 10 2 PAGE 12 OF 27 PAGES
- --------------------------------------------------------------------------------
1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
LFT Partnership
36-6527526
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a) [X]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
Illinois
- --------------------------------------------------------------------------------
Number of
5 Sole Voting Power
Shares
-----------------------------------------------------
Beneficially 6 Shared Voting Power
5,436
Owned by -----------------------------------------------------
7 Sole Dispositive Power
Each
-----------------------------------------------------
Reporting 8 Shared Dispositive Power
Person With 5,436
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
5,436
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
(See Instructions)
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
.02% (.02% assuming conversion of all Reporting Persons' derivative
securities)
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
PN
- --------------------------------------------------------------------------------
<PAGE> 13
CUSIP NO. 564682 10 2 PAGE 13 OF 27 PAGES
- --------------------------------------------------------------------------------
1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Sheli Z. Rosenberg
###-##-####
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a) [X]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
Number of
5 Sole Voting Power
Shares 114,184
-----------------------------------------------------
Beneficially 6 Shared Voting Power
2,294,689
Owned by -----------------------------------------------------
7 Sole Dispositive Power
Each 114,184
-----------------------------------------------------
Reporting 8 Shared Dispositive Power
Person With 2,294,689
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
2,398,873
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
(See Instructions)
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
8.4% (8.3% assuming conversion of all Reporting Persons' derivative
securities)
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
IN
- --------------------------------------------------------------------------------
<PAGE> 14
CUSIP NO. 564682 10 2 PAGE 14 OF 27 PAGES
- --------------------------------------------------------------------------------
1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Sheli Z. Rosenberg
###-##-####
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a) [X]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
Number of
5 Sole Voting Power
Shares
-----------------------------------------------------
Beneficially 6 Shared Voting Power
1,393,440
Owned by -----------------------------------------------------
7 Sole Dispositive Power
Each
-----------------------------------------------------
Reporting 8 Shared Dispositive Power
Person With 1,393,440
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
1,393,440
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
(See Instructions)
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
5.0% (4.8% assuming conversion of all Reporting Persons' derivative
securities)
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
IN
- --------------------------------------------------------------------------------
<PAGE> 15
CUSIP NO. 564682 10 2 PAGE 15 OF 27 PAGES
- --------------------------------------------------------------------------------
1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Arthur A. Greenberg
###-##-####
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a) [X]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
USA
- --------------------------------------------------------------------------------
Number of
5 Sole Voting Power
Shares 62,147
-----------------------------------------------------
Beneficially 6 Shared Voting Power
2,107,411
Owned by -----------------------------------------------------
7 Sole Dispositive Power
Each 62,147
-----------------------------------------------------
Reporting 8 Shared Dispositive Power
Person With 2,107,411
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
2,169,558
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
(See Instructions)
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
7.7% (7.5% assuming conversion of all Reporting Persons' derivative
securities)
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
PN
- --------------------------------------------------------------------------------
<PAGE> 16
MANUFACTURED HOME COMMUNITIES, INC.
COMMON STOCK, PAR VALUE $.01
CUSIP NUMBER 564682 10 2
ITEM 1(a). NAME OF ISSUER:
The Issuer is Manufactured Home Communities, Inc., a Maryland
corporation.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
The Issuer's principal executive office is:
Two North Riverside Plaza
Suite 800
Chicago, Illinois 60606
ITEM 2(a). NAME OF PERSON FILING:
The following persons and entities are filing this Schedule 13G:
Samuel Zell
Samuel Zell Revocable Trust u/t/a 1/17/90
Samstock/SZRT, L.L.C., a Delaware limited liability company
Samstock/ZGPI, L.L.C., a Delaware limited liability company
Samstock, L.L.C., a Delaware limited liability company
Samstock/ZFT, L.L.C., a Delaware limited liability company
EGI Holdings, Inc., an Illinois corporation
EGIL Investments, Inc., an Illinois corporation
Ann Lurie
Anda Partnership, a Nevada general partnership
LFT Partnership, an Illinois general partnership
Sheli Z. Rosenberg
Mark Slezak
Arthur A. Greenberg
The above persons and entities are each a "Reporting Person" and
collectively are the "Reporting Persons."
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE:
The address for each Reporting Person is:
Two North Riverside Plaza
Chicago, Illinois 60606
Page 16 of 27
<PAGE> 17
ITEM 2(c). CITIZENSHIP:
The Reporting Persons' state of organization or citizenship is
as follows:
Samuel Zell USA
Samuel Zell Revocable Trust u/t/a 1/17/90 Illinois
Samstock/SZRT, L.L.C. Delaware
Samstock/ZGPI, L.L.C. Delaware
Samstock, L.L.C. Delaware
Samstock/ZFT, L.L.C. Delaware
EGI Holdings, Inc. Illinois
EGIL Investments, Inc. Illinois
Ann Lurie USA
Anda Partnership Nevada
LFT Partnership Illinois
Sheli Z. Rosenberg USA
Mark Slezak USA
Arthur A. Greenberg USA
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Securities reported herein are common stock, par value $.01
("Common Stock")
ITEM 2(e). CUSIP NUMBER:
CUSIP Number is 564682 10 2
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR
13d-2(b), CHECK WHETHER THE PERSON FILING IS A
Not applicable.
ITEM 4. OWNERSHIP:
This Issuer is the sole general partner of MHC Operating Limited
Partnership, an Illinois limited partnership (the "Operating
Partnership"). Certain of the Reporting Persons: Samstock/SZRT,
L.L.C.; Samstock, L.L.C.; Samstock/ZFT, L.L.C.; EGI Holdings,
Inc.; EGIL Investments, Inc.; Anda Partnership; LFT Partnership;
Sheli Z. Rosenberg; and Arthur A. Greenberg are limited partners
of the Operating Partnership. Each limited partner of the
Operating
Page 17 of 27
<PAGE> 18
Partnership unit ("OP Units") is exchangeable, at the holder's
option, on a one-for-one basis into a share of Common Stock.
Amounts reported herein for each Reporting Person assume (i) the
exchange of such Reporting Person's OP Units for shares of Common
Stock and the exercise of options to purchase Common Stock, if
applicable; and (ii) the exchange of all Reporting Persons' OP
Units for shares of Common Stock and the exercise of all
Reporting Persons' options to purchase Common Stock beneficially
owned by the Reporting Persons.
Collectively, the Reporting Persons own 3,200,715 shares of
Common Stock, or 11.1%, of the issued and outstanding shares of
Common Stock (assuming the conversion of all OP Units and the
exercise of all options to purchase shares of Common Stock
beneficially owned by the Reporting Persons).
Samuel Zell has the sole power to vote and to direct the vote and
the sole power to dispose and to direct the disposition of
169,383 shares of Common Stock (assuming the exercise of options
to purchase 166,666 shares of Common Stock).
Sheli Z. Rosenberg has the sole power to vote or to direct the
vote and the sole power to dispose and to direct the disposition
of 114,184 shares of Common Stock (assuming the exchange of
11,530 OP Units and the exercise of options to purchase 83,999
shares of Common Stock).
Arthur A. Greenberg has the sole power to vote or to direct the
vote and the sole power to dispose or to direct the disposition
of 62,147 shares of Common Stock (assuming the exchange of 8,314
OP Units and the exercise of options to purchase 53,833 shares of
Common Stock).
Messrs. Zell, Greenberg and Slezak; Mses. Lurie and Rosenberg and the
Samuel Zell Revocable Trust u/t/a 1/17/90 share the power to vote or to direct
the vote and share the power to dispose or to direct the disposition of the
shares of Common Stock with each of the Reporting Persons as shown in the
following table:
Page 18 of 27
<PAGE> 19
<TABLE>
<CAPTION>
SHARED POWER WITH SUCH REPORTING PERSON
------------------------------------------------------------------------------------
Total
Beneficially
Owned Sheli Z. Arthur A. Samuel Zell
Reporting Person ("RP") by such RP Samuel Zell Ann Lurie Rosenberg Mark Slezak Greenberg Revocable Trust
- ----------------------- ----------- ----------- --------- --------- ----------- --------- ---------------
<S> <C> <C> <C> <C> <C> <C> <C>
Samuel Zell Revocable Trust 7,405 7,405 0 0 0 0 7,405
Samstock/SZRT, L.L.C 307,774(1) 307,774 0 0 0 0 307,774
Samstock/ZGPI, L.L.C 6,003 6,003 0 0 0 0 6,003
Samstock, L.L.C 947,665(2) 947,665 0 947,665 0 947,665 947,665
Samstock/ZFT, L.L.C 187,278(3) 0 0 187,278 0 0 0
EGI Holdings, Inc. 579,873(3) 0 579,873 579,873 579,873 579,873 0
EGIL Investments, Inc. 579,873(3) 0 579,873 579,873 579,873 579,873 0
Anda Partnership 233,694(3) 0 233,694 0 233,694 0 0
LFT Partnership 5,436(3) 0 5,436 0 0 0 0
--------- --------- --------- --------- --------- --------- ---------
TOTAL - SHARED VOTES: 2,855,001 1,268,847 1,398,876 2,294,689 1,393,440 2,107,411 1,268,847
--------- --------- --------- --------- --------- --------- ---------
</TABLE>
<TABLE>
<CAPTION>
SOLE POWER WITH RESPECT TO COMMON STOCK
-------------------------------------------------------------------------------------
Sheli Z. Arthur A. Samuel Zell
Samuel Zell Ann Lurie Rosenberg Mark Slezak Greenberg Revocable Trust
----------- --------- --------- ----------- --------- ---------------
<S> <C> <C> <C> <C> <C> <C> <C>
Samuel Zell 169,383 169,383 0 0 0 0 0
Ann Lurie 0 0 0 0 0 0 0
Sheli Rosenberg 114,184 0 0 114,184 0 0 0
Mark Slezak 0 0 0 0 0 0 0
Arthur A. Greenberg 62,147 0 0 0 0 62,147 0
--------- --------- --------- --------- --------- --------- ---------
TOTAL - SOLE VOTES: 345,714 169,383 0 114,184 0 62,147 0
--------- --------- --------- --------- --------- --------- ---------
TOTAL - SHARED AND 3,200,715 1,438,230 1,398,876 2,398,873 1,393,440 2,169,558 1,268,847
========= ========= ========= ========= ========= ========= =========
SOLE VOTES:
11.1% 5.0% 4.8% 8.3% 4.8% 7.5% 4.4%
</TABLE>
(1) Includes 13,641 OP Units.
(2) Includes 601,665 OP Units.
(3) Represents OP Units.
Page 19 of 27
<PAGE> 20
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:
Not applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT
HOLDING COMPANY:
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
Not applicable.
ITEM 10. CERTIFICATE
Not applicable.
Page 20 of 27
<PAGE> 21
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.
Date: February 16, 1999
SAMUEL ZELL REVOCABLE TRUST, u/t/a 1/17/90
By: /s/ Samuel Zell
------------------------------------------------
Trustee
SAMSTOCK, L.L.C., A DELAWARE LIMITED LIABILITY
COMPANY
By: /s/ Sheli Z. Rosenberg
------------------------------------------------
Its: Vice President
SAMSTOCK/SZRT, L.L.C., A DELAWARE LIMITED LIABILITY
By: /s/ Sheli Z. Rosenberg
------------------------------------------------
Its: Vice President
SAMSTOCK/ZGPI, L.L.C., A DELAWARE LIMITED LIABILITY
By: /s/ Sheli Z. Rosenberg
------------------------------------------------
Its: Vice President
Page 21 of 27
<PAGE> 22
SAMSTOCK/ZFT, L.L.C., A DELAWARE LIMITED LIABILITY
By: /s/ Sheli Z. Rosenberg
------------------------------------------------
Its: Vice President
EGI HOLDINGS, INC., AN ILLINOIS CORPORATION
By: /s/ Sheli Z. Rosenberg
------------------------------------------------
Its: Vice President
EGIL INVESTMENTS, INC., AN ILLINOIS CORPORATION
By: /s/ Mark Slezak
------------------------------------------------
Its: Vice President
ANDA PARTNERSHIP, A NEVADA GENERAL PARTNERSHIP
By: Ann Only Trust, a general partner
By: /s/ Ann Lurie
------------------------------------------------
Its: Co-Trustee
LFT PARTNERSHIP, AN ILLINOIS GENERAL PARTNERSHIP
By: Jesse Trust, a general partner
By: /s/ Ann Lurie
------------------------------------------------
Its: Trustee
/s/ Samuel Zell
--------------------------------------------------
Samuel Zell
Page 22 of 27
<PAGE> 23
/s/ Ann Lurie
--------------------------------------------------
Ann Lurie
/s/ Sheli Z. Rosenberg
--------------------------------------------------
Sheli Z. Rosenberg
/s/ Arthur A. Greenberg
--------------------------------------------------
Arthur A. Greenberg
/s/ Mark Slezak
--------------------------------------------------
Mark Slezak
Page 23 of 27
<PAGE> 24
JOINT FILING AGREEMENT
AGREEMENT dated as February 16, 1999 among Samuel Zell Revocable Trust
u/t/a 1/17/90; Samstock, L.L.C., a Delaware limited liability company;
Samstock/SZRT, L.L.C., a Delaware limited liability company; Samstock/ZGPI,
L.L.C., a Delaware limited liability company; Samstock/ZFT, L.L.C., a Delaware
limited liability company; EGI Holdings, Inc., an Illinois corporation; EGIL
Investments, Inc., an Illinois corporation; Anda Partnership, a Nevada general
partnership; LFT Partnership, an Illinois general partnership; Samuel Zell; Ann
Lurie; Sheli Z. Rosenberg; Arthur A. Greenberg; and Mark Slezak (collectively
the "Reporting Persons").
WHEREAS, the Reporting Persons beneficially own or have the right to
acquire shares of common stock $0.1 par value, of Manufactured Home
Communities, Inc., a Maryland corporation;
WHEREAS, the parties hereto may be deemed to constitute a "group" for
purposes of Section 13(d) (3) of the Securities Exchange Act of 1934, as
amended (the "Act"); and
WHEREAS, each of the parties hereto desire by this Agreement to
provide for the joint filing of a Schedule 13G, and all amendments thereto,
with the Securities and Exchange Commission.
NOW, THEREFORE, the parties hereto agree as follows:
1. The parties hereto will join in the preparation and filing of a single
statement containing the information required by Schedule 13G, and all
amendments thereto, and the Schedule 13G and all such amendments will
be filed on behalf of each party hereto;
2. Each party hereto will be responsible for the timely filing of the
Schedule 13G, and all amendments thereto, and for the completeness and
accuracy of the information concerning such party contained therein.
No party hereto will be responsible for the completeness or accuracy
of the information concerning any other party contained in the
Schedule 13G or any amendment thereto, except to the extent such party
knows or has reason to believe that such information is inaccurate.
3. Susan Obuchowski will be designated as the person authorized to
receive notices and communications with respect to the Schedule 13G
and all amendments thereto.
Page 24 of 27
<PAGE> 25
4. This Agreement may be executed in counterparts, all of which when
taken together will constitute one and the same instrument.
IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the
date first above written.
SAMUEL ZELL REVOCABLE TRUST u/t/a 1/17/90
By: /s/ Samuel Zell
-----------------------------------------------
Its: Trustee
SAMSTOCK, L.L.C., A DELAWARE LIMITED LIABILITY
COMPANY
By: /s/ Sheli Z. Rosenberg
-----------------------------------------------
Its: Vice President
SAMSTOCK/SZRT, L.L.C., A DELAWARE LIMITED LIABILITY
By: /s/ Sheli Z. Rosenberg
-----------------------------------------------
Its: Vice President
SAMSTOCK/ZGPI, L.L.C., A DELAWARE LIMITED LIABILITY
By: /s/ Sheli Z. Rosenberg
-----------------------------------------------
Its: Vice President
Page 25 of 27
<PAGE> 26
SAMSTOCK/ZFT, L.L.C., A DELAWARE LIMITED LIABILITY
By: /s/ Sheli Z. Rosenberg
-----------------------------------------------
Its: Vice President
EGI HOLDINGS, INC., AN ILLINOIS CORPORATION
By: /s/ Sheli Z. Rosenberg
-----------------------------------------------
Its: Vice President
EGIL INVESTMENTS, INC., AN ILLINOIS CORPORATION
By: /s/ Mark Slezak
-----------------------------------------------
Its: Vice President
ANDA PARTNERSHIP, A NEVADA GENERAL PARTNERSHIP
By: Ann Only Trust, a general partner
By: /s/ Ann Lurie
-----------------------------------------------
Its: Co-Trustee
Page 26 of 27
<PAGE> 27
LFT PARTNERSHIP, AN ILLINOIS GENERAL PARTNERSHIP
By: Jesse Trust, a general partner
By: /s/ Ann Lurie
-----------------------------------------------
Its: Trustee
/s/ Samuel Zell
--------------------------------------------------
Samuel Zell
/s/ Ann Lurie
--------------------------------------------------
Ann Lurie
/s/ Sheli Z. Rosenberg
--------------------------------------------------
Sheli Z. Rosenberg
/s/ Arthur A. Greenberg
--------------------------------------------------
Arthur A. Greenberg
/s/ Mark Slezak
--------------------------------------------------
Mark Slezak
Page 27 of 27
