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As filed with the Securities and Exchange Commission on June 27, 1997
===============================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): June 23, 1997
EQUITY RESIDENTIAL PROPERTIES TRUST
(Exact Name of Registrant as Specified in Charter)
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<CAPTION>
<S> <C> <C>
Maryland 1-12252 13-3675988
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation or organization) File Number) Identification No.)
Two North Riverside Plaza, Suite 400
Chicago, Illinois 60606
(Address of principal executive offices) (Zip Code)
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Registrant's telephone number, including area code: (312) 474-1300
Not applicable
(Former Name or Former Address, if Changed Since Last Report)
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ITEM 7. Financial Statements, Pro forma Financial Information and Exhibits
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<CAPTION>
Exhibit
Number Exhibit
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<S> <C>
1 * Form of Purchase Agreement which was previously
filed pursuant to a Current Report on Form 8-K,
dated March 20, 1997, which is hereby incorporated
by reference as an exhibit pursuant to Regulation
S-K, Item 601(b)(1) to the Registrant's
registration statement on Form S-3, file no.
333-27153, under the Securities Act of 1933, as
amended, and which, as this 8-K filing is
incorporated by reference in such registration
statement, is set forth in full in such
registration statement.
5 Opinion of Rosenberg & Liebentritt, P.C., with an
opinion of Hogan & Hartson L.L.P. attached thereto
as Exhibit A, which are being filed pursuant to
Regulation 601(b)(5) as an exhibit to the
Registrant's registration statement on Form S-3,
file no. 333-27153, under the Securities Act of
1933, as amended, and which, as this Form 8-K
filing is incorporated by reference in such
registration statement, are set forth in full in
such registration statement.
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* Incorporated by reference from a previous filing.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
EQUITY RESIDENTIAL PROPERTIES TRUST
Date: June 27, 1997 By: /s/ Bruce C. Strohm
-------------------
Bruce C. Strohm
Executive Vice President and
General Counsel
2
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EXHIBIT 5
[ROSENBERG & LIEBENTRITT, P.C. LETTERHEAD]
June 27, 1997
Board of Trustees
Equity Residential Properties Trust
Two North Riverside Plaza
Suite 400
Chicago, Illinois 60606
Ladies and Gentlemen:
We are acting as counsel to Equity Residential Properties Trust, a Maryland
real estate investment trust (the "Company"), in connection with its
registration statement on Form S-3 (SEC File No. 333-27153) (the "Registration
Statement") previously declared effective by the Securities and Exchange
Commission relating to (a) the proposed public offering of up to $500,000,000 in
aggregate amount of its common shares of beneficial interest, $.01 par value per
share ("Common Shares") and one or more series of its (i) preferred shares of
beneficial interest, $.01 par value per share (the "Preferred Shares") and (ii)
depositary shares representing fractional interests in Preferred Shares (the
"Depositary Shares" and, together with the Preferred Shares and Common Shares,
the "Securities"), all of which Securities may be offered and sold by the
Company from time to time as set forth in the prospectus which forms a part of
the Registration Statement (the "Prospectus"), and as to be set forth in one or
more supplements to the Prospectus (each, a "Prospectus Supplement"). This
opinion letter is rendered in connection with the proposed public offering of
(i) an aggregate of 2,000,000 Common Shares as described in a Prospectus
Supplement dated June 23, 1997 and (ii) an aggregate of 692,023 Common Shares as
described in a Prospectus Supplement dated June 25, 1997 (collectively, the
"Shares"). This opinion letter is furnished to you at your request to enable the
Company to continue to fulfill the requirements of Item 601(b)(4) of Regulation
S-K, 17 C.F.R. (S)229.601(b)(5), in connection with the Registration Statement.
For purposes of this opinion letter, we have examined copies of the
following documents:
1. An executed copy of the Registration Statement.
2. The Second Amended and Restated Declaration of Trust, as amended,
of the Company (the "Declaration of Trust"), as certified by the
Maryland State Department of Assessments and Taxation on June 3,
1997 and by the Secretary of the Company on the date hereof as then
being complete, accurate and in effect.
<PAGE>
Board of Trustees
Equity Residential Properties Trust
June 27, 1997
Page 2
3. The Second Amended and Restated Bylaws of the Company, as certified
by the Secretary of the Company on the date hereof as then being
complete, accurate and in effect.
4. Resolutions of the Board of Trustees of the Company adopted on
March 26, 1997, April 21, 1997 and June 5, 1997 relating to the
filing of the Registration Statement and related matters, and of
the Pricing Committee of the Board of Trustees on June 23, 1997
and June 25, 1997 relating to the offering of the Shares, as
certified by the Secretary of the Company on the date hereof as
then being complete, accurate and in effect.
5. An executed copy of the Purchase Agreement, dated June 23, 1997, by
and between the Company and Stichting Pensioenfonds ABP and of the
Purchase Agreement, dated June 25, 1997, by and between the Company
and Prudential Insurance Company of America (collectively, the
"Purchase Agreement").
In our examination of the aforesaid documents, we have assumed the
genuineness of all signatures, the legal capacity of natural persons, the
accuracy and completeness of all documents submitted to us, the authenticity of
all original documents, and the conformity to authentic original documents of
all documents submitted to us as certified, telecopied, photostatic, or
reproduced copies. This opinion letter is given, and all statements herein are
made, in the context of the foregoing.
We call your attention to the fact that our firm only requires lawyers to
be qualified to practice law in the State of Illinois and, in rendering the
foregoing opinions, we express no opinion with respect to any laws relevant to
this opinion other than the laws and regulations identified herein. With respect
to the opinions below that relate to the laws of the State of Maryland, with
your consent, we rely solely on the opinion of Hogan & Hartson L.L.P., a copy of
which is attached hereto as Exhibit A.
Based upon, subject to and limited by the foregoing, we are of the opinion
that, as of the date hereof, following issuance of the Shares pursuant to the
terms of the Purchase Agreement, and receipt by the Company of the consideration
for the Shares specified in the resolutions of the Board of Trustees and the
Pricing Committee thereof referred to above, the Shares will be validly issued,
fully paid and nonassessable under Title 8 of the Corporations and Associations
Article of the Annotated Code of Maryland.
<PAGE>
Board of Trustees
Equity Residential Properties Trust
June 27, 1997
Page 3
We assume no obligation to advise you of any changes in the foregoing
subsequent to the delivery of this opinion letter. This opinion letter has been
prepared solely for your use in connection with the filing by the Company of a
Current Report on Form 8-K on the date of this opinion letter, which Form 8-K
will be incorporated by reference into the Registration Statement. This opinion
letter should not be quoted in whole or in part or otherwise be referred to, nor
filed with or furnished to any governmental agency or other person or entity,
without the prior written consent of this firm.
We hereby consent (i) to be named in the Registration Statement, and in the
Prospectus, as attorneys who will pass upon the legality of the Securities to be
sold thereunder and (ii) to the filing of this opinion as an Exhibit to the
Registration Statement. In giving this consent, we do not thereby admit that we
are an "expert" within the meaning of the Securities Act of 1933, as amended.
Very truly yours,
ROSENBERG & LIEBENTRITT, P.C.
By: /s/ Ruth Pinkham Haring
-----------------------
Ruth Pinkham Haring
Vice President
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Hogan & Hartson L.L.P.
555 Thirteenth Street, NW
Washington, DC 20004-1109
June 27, 1997
Rosenberg & Liebentritt, P.C.
Two North Riverside Plaza
Suite 1515
Chicago, Illinois 60606
Ladies and Gentlemen:
We are acting as special Maryland counsel to Equity Residential
Properties Trust, a Maryland real estate investment trust (the "Company"), in
connection with its registration statement on Form S-3 (No. 333-27153) (the
"Registration Statement") previously declared effective by the Securities and
Exchange Commission relating to the proposed public offering of securities of
the Company that may be offered and sold by the Company from time to time as set
forth in the prospectus which forms a part of the Registration Statement (the
"Prospectus"), and as to be set forth in one or more supplements to the
Prospectus (each, a "Prospectus Supplement"). This opinion letter is rendered
in connection with the proposed public offerings of (i) an aggregate of
2,000,000 common shares of beneficial interest, $.01 par value (the "Common
Shares"), as described in a Prospectus Supplement dated June 23, 1997, and (ii)
an aggregate of 692,023 Common Shares as described in a Prospectus Supplement
dated June 25, 1997 (collectively, the "Shares"). This opinion letter is
furnished to you at your request to enable the Company to continue to fulfill
the requirements of Item 601(b)(5) of Regulation S-K, 17 C.F.R. (S)
229.601(b)(5), in connection with the Registration Statement.
For purposes of this opinion letter, we have examined copies of the
following documents:
1. An executed copy of the Registration Statement.
<PAGE>
Rosenberg & Liebentritt, P.C.
June 27, 1997
Page 2
2. The Second Amended and Restated Declaration of Trust of the
Company (the "Declaration of Trust"), as certified by the
Maryland State Department of Assessments and Taxation on June 3,
1997 and the Secretary of the Company on the date hereof as then
being complete, accurate and in effect.
3. The Second Amended and Restated Bylaws of the Company, as
certified by the Secretary of the Company on the date hereof as
then being complete, accurate and in effect.
4. Resolutions of the Board of Trustees of the Company adopted on
March 26, 1997, April 21, 1997 and June 5, 1997 relating to the
filing of the Registration Statement and related matters, and of
the Pricing Committee of the Board of Trustees on June 23, 1997
and June 25, 1997, relating to the offering of the Shares, as
certified by the Secretary of the Company on the date hereof as
then being complete, accurate and in effect.
5. An executed copy of the Purchase Agreement, dated June 23, 1997,
by and between the Company and Stichting Pensioenfonds ABP and of
the Purchase Agreement, dated June 25, 1997, by and between the
Company and Prudential Insurance Company of America
(collectively, the "Purchase Agreement").
In our examination of the aforesaid documents, we have assumed the
genuineness of all signatures, the legal capacity of natural persons, the
accuracy and completeness of all documents submitted to us, the authenticity of
all original documents and the conformity to authentic original documents of all
documents submitted to us as copies (including telecopies). This opinion letter
is given, and all statements herein are made, in the context of the foregoing.
This opinion letter is based as to matters of law solely on Title 8 of
the Corporations and Associations Article of the Annotated Code of Maryland (the
"Maryland REIT Statute"). We express no opinion herein as to any other laws,
statutes, regulations, or ordinances.
Based upon, subject to and limited by the foregoing, we are of the
opinion that following issuance of the Common Shares pursuant to the terms of
the Purchase Agreement and receipt by the Company of the consideration for the
Common Shares specified in the resolutions of the Board of Trustees and the
<PAGE>
Rosenberg & Liebentritt, P.C.
June 27, 1997
Page 3
Pricing Committee referred to above, the Common Shares will be validly issued,
fully paid and nonassessable under the Maryland REIT Statute.
We assume no obligation to advise you of any changes in the foregoing
subsequent to the delivery of this opinion letter. This opinion letter has been
prepared solely for your use in connection with the filing by the Company of a
Current Report on Form 8-K on the date of this opinion letter, which Form 8-K
will be incorporated by reference into the Registration Statement. This opinion
letter should not be quoted in whole or in part or otherwise be referred to, nor
filed with or furnished to any governmental agency or other person or entity,
without the prior written consent of this firm.
We hereby consent to the reference to this firm under the caption
"Legal Matters" in the prospectus constituting a part of the Registration
Statement. In giving this consent, we do not thereby admit that we are an
"expert" within the meaning of the Securities Act of 1933, as amended.
Very truly yours,
/s/ HOGAN & HARTSON L.L.P.
