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OMB APPROVAL
OMB Number 3235-0145
Expires: August 31, 1991
Estimated average burden hours per
response......... 14.90
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)*
Equity Residential Properties Trust
- -------------------------------------------------------------------------------
(NAME OF ISSUER)
Common Shares of Beneficial Interest, par value $.01
- -------------------------------------------------------------------------------
(TITLE OF CLASS OF SECURITIES)
29476L 10 7
- -------------------------------------------------------------------------------
(CUSIP NUMBER)
Check the following box if a fee is being paid with the statement [ ]. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
*The remainder of this cover page shall be filled our 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).
<PAGE> 2
CUSIP NO. 29476L 10 7 13G PAGE 2 OF 13 PAGES
--------------------- ----- -----
(1) NAMES OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FU Associates
36-3928382
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [X]
(B) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
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(5) SOLE VOTING POWER
NUMBER OF
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 270,769
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
270,769
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
270,769
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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)
.53%(.49% assuming conversion of all Reporting Persons'
derivative securities)
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(12) TYPE OF REPORTING PERSON*
PN
---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 3
CUSIP NO. 29476L 10 7 13G PAGE 3 OF 13 PAGES
--------------------- ----- -----
(1) NAMES OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
B/S Investments
36-6526147
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [X]
(B) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF organization
Illinois
---------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 669
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
669
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
669
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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)
.00%(.00% assuming conversion of all Reporting Persons'
derivative securities)
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
PN
---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 4
CUSIP NO. 29476L 10 7 13G PAGE 4 OF 13 PAGES
--------------------- ----- -----
(1) NAMES OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ROPU Associates Limited Partnership
36-4027196
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [X]
(B) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
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(5) SOLE VOTING POWER
NUMBER OF
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 3,133,146
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
3,133,146
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,133,146
---------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES*
[ ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.77%(5.73% assuming conversion of all Reporting Persons'
derivative securities)
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
PN
---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 5
CUSIP NO. 29476L 10 7 13G PAGE 5 OF 13 PAGES
--------------------- ----- -----
(1) NAMES OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Equity - EQR Limited Partnership
36-4003677
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [X]
(B) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
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(5) SOLE VOTING POWER
NUMBER OF
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 372,000
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
372,000
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
372,000
---------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES*
[ ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
.73%(.68% assuming conversion of all Reporting Persons'
derivative securities)
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
PN
---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 6
CUSIP NO. 29476L 10 7 13G PAGE 6 OF 13 PAGES
--------------------- ----- -----
(1) NAMES OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Equity - ERP Limited Partnership
36-4003679
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [X]
(B) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
---------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 834,968
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
834,968
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
834,968
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES*
[ ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.63%(1.53% assuming conversion of all Reporting Persons'
derivative securities)
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
PN
---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 7
CUSIP NO. 29476L 10 7 13G PAGE 7 OF 13 PAGES
--------------------- ----- -----
(1) NAMES OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Samuel Zell Foundation
36-3487811
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [X]
(B) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
---------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 30,000
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
30,000
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
30,000
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES*
[ ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
.06%(.05% assuming conversion of all Reporting Persons'
derivative securities)
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
OO
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 8
CUSIP NO. 29476L 10 7 13G PAGE 8 OF 13 PAGES
--------------------- ----- -----
(1) NAMES OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Samuel Zell
###-##-####
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [X]
(B) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
---------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 151,617
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 4,641,552
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 151,617
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
4,641,552
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,793,169
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES*
[ ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.76%(8.76% assuming conversion of all Reporting Persons'
derivative securities)
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
IN
---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 9
EQUITY RESIDENTIAL PROPERTIES TRUST
COMMON SHARES OF BENEFICIAL INTEREST, PAR VALUE $.01
CUSIP NUMBER 29476L 10 7
ITEM 1(A). NAME OF ISSUER
The Issuer is Equity Residential Properties Trust, a
Maryland real estate investment trust.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
The Issuer's principal executive office is:
Two North Riverside Plaza
Chicago, Illinois 60606
ITEM 2(A). NAME OF PERSON FILING
The following persons are filing this Schedule 13G:
FU Associates
B/S Investments
ROPU Associates Limited Partnership
Equity - EQR Limited Partnership
Equity - ERP Limited Partnership
Samuel Zell Foundation
Samuel Zell
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE,
RESIDENCE
The address for each Reporting Person is:
Two North Riverside Plaza
Chicago, Illinois 60606
ITEM 2(C). CITIZENSHIP
Each of the Reporting Persons' state of organization
is Illinois except for Samuel Zell who is a citizen
of the United States of America.
ITEM 2(D). TITLE OF CLASS OF SECURITIES
Securities reported herein are common shares of
beneficial interest, par value $.01 per share
("Common Shares").
Page 9 of 13
<PAGE> 10
ITEM 2(E). CUSIP NUMBER
The CUSIP number is 29476L 10 7.
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
The Issuer is the sole general partner of ERP
Operating Limited Partnership, an Illinois limited
partnership (the "Operating Partnership"). Certain
of the Reporting Persons: FU Associates, B/S
Investments and ROPU Associates are limited partners
of the Operating Partnership. Each limited partner
Operating Partnership unit is exchangeable, at the
holder's request, on a one-for-one basis into a
Common Share. Amounts reported herein for each
Reporting Person assume (1) the exchange of such
Reporting Person's Operating Partnership units for
Common Shares and (2) the exchange of all Reporting
Persons' Operating Partnership units for Common
Shares and the exercise of all options to purchase
Common Shares.
Samuel Zell, in addition to being the beneficial
owner of 3,100 Common Shares directly and an
additionally 184 Common Shares through a Supplemental
Retirement Plan, has options to purchase 148,333
Common Shares which are currently exercisable or
exercisable within 60 days. Amounts reported for Mr.
Zell include such options. Additionally, because Mr.
Zell controls each Reporting Person, all Common
Shares beneficially owned by each Reporting Person
are shown as being beneficially owned by Mr. Zell.
Mr. Zell also shares the power to vote or to direct
the vote of the Common Shares and shares to power to
dispose or to direct the disposition of the Common
Shares with each Reporting Person. Mr. Zell
disclaims beneficial ownership of such Common Shares
beneficially owned by all other Reporting Persons.
Page 10 of 13
<PAGE> 11
Each Reporting Person's ownership as of December 31, 1996, is
as follows:
<TABLE>
<CAPTION>
PERCENT OF CLASS (ASSUMING
AMOUNT PERCENT OF EXCHANGE OF ALL REPORTING
BENEFICIALLY CLASS PERSONAL DERIVATIVE
NAME OWNED % SECURITIES) %
---- ----- --------- -------------
<S> <C> <C> <C>
FU Associates 270,769 .53 .49
B/S Investments 669 .00 .00
ROPU Associates Limited Partnership 3,133,146 5.77 5.73
Equity-EQR Limited Partnership 372,000 .73 .68
Equity-ERP Limited Partnership 834,968 1.63 1.53
Samuel Zell Foundation 30,000 .06 .05
Samuel Zell 4,793,169 8.76 8.76
</TABLE>
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
Samuel Zell has the power to direct the receipt of
distributions from, or the proceeds from the sale of,
such securities for each of the Reporting Persons.
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 11 of 13
<PAGE> 12
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: February 14, 1997
FU ASSOCIATES, an Illinois general partnership
By: Equity Group Investments, Inc., an Illinois
corporation, its managing general partner
By: /s/ Sheli Z. Rosenberg
---------------------------------------
Its: President & Chief Executive Officer
B/S INVESTMENTS, an Illinois general partnership
By: Alphabet Partners, a general partner
By: SZA Trust, a general partner
By: /s/ Arthur A. Greenberg
------------------------------
Its: Trustee
ROPU ASSOCIATES, an Illinois Limited
Partnership, an Illinois limited partnership
By: Samuel Zell Revocable Trust, a general
partner
By: /s/ Samuel Zell
------------------------------
Its: Trustee
Page 12 of 13
<PAGE> 13
EQUITY - EQR Limited Partnership, an Illinois
limited partnership
By: Zell General Partnership, Inc., an
Illinois corporation, a general partner
By: /s/ Sheli Z. Rosenberg
------------------------------
Its: Vice President
EQUITY - ERP Limited Partnership, an Illinois
limited partnership
By: Zell General Partnership, Inc., an
Illinois corporation, a general partner
By: /s/ Samuel Zell
------------------------------
Its: Vice President
Samuel Zell Foundation, an Illinois
not-for-profit organization
By: /s/ Samuel Zell
------------------------------
Its: President
/s/ Samuel Zell
------------------------------
Samuel Zell
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