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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
(RULE 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. 1)*
Summit Properties Partnership, L.P.
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(Name of Issuer)
Units of Limited Partnership Interest
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(Title of Class of Securities)
N/A
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(CUSIP Number)
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*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 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 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).
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CUSIP No. N/A 13G Page 2 of 5 Pages
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1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO.
Summit Properties Inc.
56-1857807
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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. CITIZENSHIP OR PLACE OF ORGANIZATION
Maryland
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5. SOLE VOTING POWER
NUMBER OF
27,805,836
SHARES ----------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY -0-
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EACH
7. SOLE DISPOSITIVE POWER
REPORTING
27,805,836
PERSON WITH ----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
-0-
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
27,805,836
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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
86.2%
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12. TYPE OF REPORTING PERSON
CO
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CUSIP No. N/A Page 3 of 5 Pages
ITEM 1(a). NAME OF ISSUER:
Summit Properties Partnership, L.P.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
212 South Tryon Street, Suite 500, Charlotte, NC 28281
ITEM 2(a). NAME OF PERSON FILING:
Summit Properties Inc.
ITEM 2(b). BUSINESS MAILING ADDRESS FOR THE PERSON FILING:
212 South Tryon Street, Suite 500, Charlotte, NC 28281
ITEM 2(c). CITIZENSHIP:
Maryland
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Units of Limited Partnership Interest
ITEM 2(e). CUSIP NUMBER:
Not Applicable
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(b), OR
13D-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
Not Applicable
ITEM 4. OWNERSHIP.
(a) Amount beneficially owned:
27,805,836
(b) Percent of class:
86.2%
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CUSIP No. N/A Page 4 of 5 Pages
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
27,805,836
(ii) Shared power to vote or to direct the vote
-0-
(iii) Sole power to dispose or to direct the
disposition of
27,805,836
(iv) Shared power to dispose or to direct the
disposition of
-0-
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. CERTIFICATIONS.
Not Applicable
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CUSIP No. N/A Page 5 of 5 Pages
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.
February 16, 1999
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(Date)
/s/ Michael G. Malone
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(Signature)
Michael G. Malone
Senior Vice President
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(Name/Title)
