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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 1)
Under the Securities Exchange Act of 1934
Lexford Residential Trust
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(NAME OF ISSUER)
Common Stock, Par Value $.01 Per Share
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(TITLE OF CLASS OF SECURITIES)
528933104
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(CUSIP NUMBER)
Douglas Crocker II
Equity Residential Properties Trust
Two North Riverside Plaza, Suite 400
Chicago, Illinois 60606
(312) 474-1300
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(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES
AND COMMUNICATIONS)
August 18, 1999
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(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(b)(3) or (4), check the following box / /.
Page 1 of 5
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CUSIP No. 528933104 13D Page 2 of 5 Pages
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1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ERP Operating Limited Partnership FEIN: 36-3894853
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 879,100
OWNED BY --------------------------------------------------
EACH REPORTING 8 SHARED VOTING POWER
PERSON WITH
0
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9 SOLE DISPOSITIVE POWER
879,100
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
879,100
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12 CHECK BOX IF AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.2%(1)
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14 TYPE OF REPORTING PERSON*
PN
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(1) Based upon 9,559,228 common shares of beneficial interest outstanding on
August 12, 1999 as reported in the Issuer's quarterly report on Form
10-Q for the quarter ended June 30, 1999.
Page 2 of 5
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This Amendment No. 1 (this "Amendment") amends and supplements the
Schedule 13D filed on August 25, 1999 (the "Schedule 13D"), by ERP Operating
Limited Partnership ("ERP") with respect to the common stock, par value $.01 per
share (the "Common Shares"), of Lexford Residential Trust (the "Issuer"). Only
those items amended are reported herein. All capitalized terms used in this
Amendment and not otherwise defined herein have the meanings ascribed to such
terms in the Schedule 13D.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 3 is hereby amended and supplemented as follows:
On August 18, 1999, ERP and/or one of its consolidated
subsidiaries purchased an additional 12,600 Common Shares in
an open market transaction at a price of $19.9633 per Common
Share, exclusive of commission. On August 19, 1999, ERP and/or
one of its consolidated subsidiaries purchased an additional
4,100 Common Shares in an open market transaction at a price
of $20.00 per Common Share, exclusive of commission. The
aggregate amount of funds used in acquiring the additional
16,700 Common Shares reported herein was $333,537.58,
excluding commissions of $1,002. All funds used in acquiring
the Common Shares were obtained from the working capital of
ERP.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Subsections (a), (b) and (c) of Item 5 are hereby amended as
follows:
(a) and (b) To the best knowledge of ERP, there are
9,559,228 Common Shares outstanding, as reported in the
Issuer's quarterly report on Form 10-Q for the quarter ended
June 30, 1999. As of the date hereof, the 879,100 Common
Shares owned by ERP represent approximately 9.2% of the Common
Shares outstanding. ERP, at the direction of its sole general
partner, EQR, has sole power to vote or to direct the vote of
the Common Stock owned by it, subject to the terms of the
Waiver, and the sole power to dispose or to direct the
disposition of the Common Stock owned by it.
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(c) During the last sixty days, ERP effected the following
purchases in the open market:
<TABLE>
<CAPTION>
NUMBER OF PRICE PER
DATE SHARES SHARE
------- --------- ---------
<S> <C> <C>
8/16/99 500,000 $20.0625
8/17/99 362,400 20.0597
8/18/99 12,600 19.9633
8/19/99 4,100 20.0000
</TABLE>
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in the Statement is true, complete and
correct.
ERP OPERATING LIMITED PARTNERSHIP
By: Equity Residential Properties
Trust, its general partner
By: /s/ Bruce C. Strohm
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Bruce C. Strohm
Executive Vice President,
General Counsel and Secretary
Dated: August 27, 1999
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