SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
ESSEX PROPERTY TRUST, INC.
(Name of Issuer)
Shares of Common Stock, par value $.0001 per Share
(Title of Class of Securities)
29717810
(CUSIP Number)
Patrick K. Fox
Westbrook Real Estate Partners, L.L.C.
13155 Noel Road-LB54
Suite 2300
Dallas, Texas 75240
(972) 934-0100
with a copy to:
Allen Curtis Greer II
Cadwalader, Wickersham & Taft
100 Maiden Lane
New York, New York 10038
(212) 504-6660
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 20, 1997
(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 |_|.
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*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 ("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).
CUSIP NO. 29717810.
<PAGE>
SCHEDULE 13D
- ------------------------------- ---------------------
CUSIP No. 29717810 Page 2 of 21 Pages
- ------------------------------- ---------------------
- ------ -------------------------------------------------------------------------
11 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
WESTBROOK REAL ESTATE PARTNERS, L.L.C. --I.R.S. IDENTIFICATION NO. ____
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)(a)(b)
- ------
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
WC
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e)
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------ -------------------------------------------------------------------------
- --------------------- -------- -------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF
-------- -------------------------------------------------
-------- -------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,394,415
-------- -------------------------------------------------
-------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
-------- -------------------------------------------------
-------- -------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
1,394,415
- --------------------- -------- -------------------------------------------------
- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,394,415
- -------- -----------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)
- -------- -----------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.2%
- -------- -----------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
OO
- -------- -----------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- --------------------------- ---------------------------------
CUSIP No. 29717810 Page 10 of 21 Pages
- --------------------------- ---------------------------------
- ------ -------------------------------------------------------------------------
11 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
WESTBROOK REAL ESTATE PARTNERS MANAGEMENT I, L.L.C. -- I.R.S.
IDENTIFICATION NO. ____
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)(a)(b)
- ------
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
WC
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e)
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------ -------------------------------------------------------------------------
- --------------------- -------- -------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF
-------- -------------------------------------------------
-------- -------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,394,415
-------- -------------------------------------------------
-------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
-------- -------------------------------------------------
-------- -------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
1,394,415
- --------------------- -------- -------------------------------------------------
- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,394,415
- -------- -----------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)
- -------- -----------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.2%
- -------- -----------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
OO
- -------- -----------------------------------------------------------------------
<PAGE>
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
WESTBROOK REAL ESTATE FUND I, LP. --I.R.S. IDENTIFICATION NO. ____
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)(a)(b)
- ------
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
WC
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e)
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------ -------------------------------------------------------------------------
- --------------------- -------- -------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF
-------- -------------------------------------------------
-------- -------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,394,415
-------- -------------------------------------------------
-------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
-------- -------------------------------------------------
-------- -------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
1,394,415
- --------------------- -------- -------------------------------------------------
- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,394,415
- -------- -----------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)
- -------- -----------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.2%
- -------- -----------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
PN
- -------- -----------------------------------------------------------------------
<PAGE>
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
WESTBROOK REAL ESTATE CO-INVESTMENT PARTNERSHIP I, LP. -- I.R.S.
IDENTIFICATION NO. ____
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)(a)(b)
- ------
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
WC
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e)
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------ -------------------------------------------------------------------------
- --------------------- -------- -------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF
-------- -------------------------------------------------
-------- -------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,394,415
-------- -------------------------------------------------
-------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
-------- -------------------------------------------------
-------- -------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
1,394,415
- --------------------- -------- -------------------------------------------------
- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,394,415
- -------- -----------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)
- -------- -----------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.2%
- -------- -----------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
PN
- -------- -----------------------------------------------------------------------
<PAGE>
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gregory H. Hartman--I.R.S. IDENTIFICATION NO. ____
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)(a)(b)
- ------
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
WC
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e)
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------ -------------------------------------------------------------------------
- --------------------- -------- -------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF
-------- -------------------------------------------------
-------- -------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,394,415
-------- -------------------------------------------------
-------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
-------- -------------------------------------------------
-------- -------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
1,394,415
- --------------------- -------- -------------------------------------------------
- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,394,415
- -------- -----------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)
- -------- -----------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.2%
- -------- -----------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
IN
- -------- -----------------------------------------------------------------------
<PAGE>
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jeffrey M. Kaplan--I.R.S. IDENTIFICATION NO. ____
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)(a)(b)
- ------
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
WC
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e)
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------ -------------------------------------------------------------------------
- --------------------- -------- -------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF
-------- -------------------------------------------------
-------- -------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,394,415
-------- -------------------------------------------------
-------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
-------- -------------------------------------------------
-------- -------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
1,394,415
- --------------------- -------- -------------------------------------------------
- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,394,415
- -------- -----------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)
- -------- -----------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.2%
- -------- -----------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
IN
- -------- -----------------------------------------------------------------------
<PAGE>
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Paul D. Kazilionis --I.R.S. IDENTIFICATION NO. ____
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)(a)(b)
- ------
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
WC
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e)
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------ -------------------------------------------------------------------------
- --------------------- -------- -------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF
-------- -------------------------------------------------
-------- -------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,394,415
-------- -------------------------------------------------
-------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
-------- -------------------------------------------------
-------- -------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
1,394,415
- --------------------- -------- -------------------------------------------------
- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,394,415
- -------- -----------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)
- -------- -----------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.2%
- -------- -----------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
IN
- -------- -----------------------------------------------------------------------
<PAGE>
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jonathan H. Paul--I.R.S. IDENTIFICATION NO. ____
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)(a)(b)
- ------
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
WC
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e)
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------ -------------------------------------------------------------------------
- --------------------- -------- -------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF
-------- -------------------------------------------------
-------- -------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,394,415
-------- -------------------------------------------------
-------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
-------- -------------------------------------------------
-------- -------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
1,394,415
- --------------------- -------- -------------------------------------------------
- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,394,415
- -------- -----------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)
- -------- -----------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.2%
- -------- -----------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
IN
- -------- -----------------------------------------------------------------------
<PAGE>
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
William H. Walton III --I.R.S. IDENTIFICATION NO. ____
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)(a)(b)
- ------
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
WC
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e)
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------ -------------------------------------------------------------------------
- --------------------- -------- -------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF
-------- -------------------------------------------------
-------- -------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,394,415
-------- -------------------------------------------------
-------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
-------- -------------------------------------------------
-------- -------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
1,394,415
- --------------------- -------- -------------------------------------------------
- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,394,415
- -------- -----------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)
- -------- -----------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.2%
- -------- -----------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
IN
- -------- -----------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
Page 11 of 21 Pages
- --------------------------------------------------------------------------------
This Amendment No. 1 to Schedule 13D (this "Schedule 13D") relates to the
Schedule 13D (the "Original Schedule 13D") filed with the Commission on behalf
of the Reporting Persons. The date of the event which required filing of the
Original Schedule 13D was September 20, 1997. Items 1, 2, 3, 4, 6 and 7 and all
Exhibits of the Original Schedule 13D are not amended by this Schedule 13D and
are hereby incorporated herein by reference. The Power of Attorney attached to
the Original Schedule 13D is hereby incorporated herein by reference.
Capitalized terms used herein without definition are used as defined in the
Original Schedule 13D.
Item 5. Interest in Securities of the Issuer.
(a) WREF I is the record owner of 1,435,306 shares of Series 1996A Stock.
As of the date of this filing, 1,076,479 shares of WREF I's Series 1996A Stock
are presently convertible into 1,250,883 shares of Common Stock of the Issuer
(the "WREF Conversion Shares"). The calculation of the number of WREF I
Conversion Shares was determined in accordance with Section 5 of the Articles
Supplementary.
WRECIP I is the record owner of 164,694 shares of Series 1996A Stock. As of
the date of this filing, 123,520 shares of WRECIP I's Series 1996A Stock are
presently convertible into 143,532 shares of Common Stock of the Issuer (the
"WRECIP I Conversion Shares"). The calculation of the number of WRECIP I
Conversion Shares was determined in accordance with Section 5 of the Articles
Supplementary.
Because of their relationship as affiliated entities, both WREF I and
WRECIP I may be deemed to own beneficially both the WREF I Conversion Shares and
the WRECIP I Conversion Shares. As the sole general partner of WREF I and WRECIP
I, WREM I may be deemed to own beneficially the WREF I Conversion Shares and the
WRECIP I Conversion Shares. As the sole managing member of WREM I, WREP may be
deemed to own beneficially the WREF I Conversion Shares and the WRECIP I
Conversion Shares. As the managing members of WREP, Hartman, Kaplan, Kazilionis,
Paul and Walton may be deemed to own beneficially the WREF I Conversion Shares
and the WRECIP I Conversion Shares.
WREF I disclaims beneficial ownership of the WRECIP I Conversion Shares.
WRECIP I disclaims beneficial ownership of the WREF I Conversion Shares. WREM I,
WREP, Hartman, Kaplan, Kazilionis, Paul and Walton each disclaims beneficial
ownership of the WREF I Conversion Shares and the WRECIP I Conversion Shares.
Each of the Reporting Persons may be deemed to own beneficially 9.2% of the
Issuer's Common Stock, which percentage is calculated based upon (i) 15,109,508
shares of Common Stock reported outstanding by the Issuer as of October 31,
1997, and (ii) that number of shares of Common Stock (1,394,415) issuable upon
the conversion of the WREF I Series 1996 A Stock and the WRECIP I Series 1996A
Stock.
(b) Number of Shares as to which each such person has
(i) Sole power to vote or direct the vote: 0 shares for each
Reporting Person;
(ii) Shared power to vote or direct the vote: 1,394,415 shares
for each Reporting Person;
(iii) Sole power to dispose or to direct the disposition: 0 shares
for each Reporting Person;
(iv) Shared power to dispose or to direct the disposition:
1,394,415 shares for each Reporting Person.
(c) On December 20, 1997, an additional 400,000 shares of Series 1996A
Stock became convertible into 464,805 shares of Common Stock, thereby making the
Reporting Persons the beneficial owners of an aggregate of 1,394,415 shares of
Common Stock of the Issuer. Except as set forth above, the Reporting Persons
have not effected any transactions in Common Stock directly or indirectly during
the 60 days prior to December 20, 1997 or during the 60 days prior to the date
of this Schedule 13D.
(d) No one other than the Reporting Persons has the right to receive, or
the power to direct the receipt of, dividends from, or the proceeds from the
sale of, the 1,600,000 shares of Series 1996A Stock or any other securities of
the Issuer acquired by the Reporting Persons as described in Item 3.
(e) Not applicable.
<PAGE>
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: January 22, 1998
WESTBROOK REAL ESTATE PARTNERS, L.L.C.
By:/s/ Patrick K. Fox
-----------------------------------
Name: Patrick K. Fox
Title: Attorney-in-Fact
<PAGE>
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: January 22, 1998
WESTBROOK REAL ESTATE PARTNERS
MANAGEMENT I, L.L.C.
By:/s/ Patrick K. Fox
-----------------------------------
Name: Patrick K. Fox
Title: Attorney-in-Fact
<PAGE>
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: January 22, 1998
WESTBROOK REAL ESTATE FUND I, L.P.
By:/s/ Patrick K. Fox
-----------------------------------
Name: Patrick K. Fox
Title: Attorney-in-Fact
<PAGE>
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: January 22, 1998
WESTBROOK REAL ESTATE CO-INVESTMENT
PARTNERSHIP I, L.P.
By:/s/ Patrick K. Fox
-----------------------------------
Name: Patrick K. Fox
Title: Attorney-in-Fact
<PAGE>
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: January 22, 1998
/s/ Gregory H. Hartman
------------------------------
Gregory H. Hartman
<PAGE>
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: January 22, 1998
/s/ Jeffrey M. Kaplan
------------------------------
Jeffrey M. Kaplan
<PAGE>
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: January 22, 1998
/s/ Paul D. Kazilionis
------------------------------
Paul D. Kazilionis
<PAGE>
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: January 22, 1998
/s/ Jonathan H. Paul
------------------------------
Jonathan H. Paul
<PAGE>
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: January 22, 1998
/s/ William H. Walton III
------------------------------
William H. Walton III
