<PAGE>
----------------------------
OMB APPROVAL
----------------------------
OMB Number: 3235-0145
Expires: Aug. 31, 1999
Estimated average burden
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----------------------------
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) (c), AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. ___________)1
First Washington Realty Trust, Inc.
(Name of Issuer)
Common Stock, par value $0.01
(Title of Class of Securities)
337489504
(CUSIP Number)
April 1, 1999
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
Rule 13d-1(b)
X Rule 13d-1(c)
Rule 13d-1(d)
- --------------
1 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 the disclosures provided in a prior cover page.
The information required in 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).
<PAGE>
13G
===============================
CUSIP No. 337489504
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Partners, L.P.
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- ----------------------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 164,231 [See Preliminary Note]
------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
164,231 [See Preliminary Note]
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
164,231 [See Preliminary Note]
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.9% [See Preliminary Note]
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
PN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 31 Pages
<PAGE>
13G
===============================
CUSIP No. 337489504
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Institutional Partners, L.P.
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- ----------------------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 186,818 [See Preliminary Note]
------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
186,818 [See Preliminary Note]
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
186,818 [See Preliminary Note]
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.1% [See Preliminary Note]
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
PN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 31 Pages
<PAGE>
13G
===============================
CUSIP No. 337489504
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Institutional Partners II, L.P.
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- ----------------------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 138,974 [See Preliminary Note]
------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
138,974 [See Preliminary Note]
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
138,974 [See Preliminary Note]
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.6% [See Preliminary Note]
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
PN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 31 Pages
<PAGE>
13G
===============================
CUSIP No. 337489504
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Institutional Partners III, L.P.
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ----------------------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 16,831 [See Preliminary Note]
------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
16,831 [See Preliminary Note]
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,831 [See Preliminary Note]
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.2% [See Preliminary Note]
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
PN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 31 Pages
<PAGE>
13G
===============================
CUSIP No. 337489504
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Tinicum Partners, L.P.
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- ----------------------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 30,897 [See Preliminary Note]
------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
30,897 [See Preliminary Note]
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
30,897 [See Preliminary Note]
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.4% [See Preliminary Note]
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
PN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 31 Pages
<PAGE>
13G
===============================
CUSIP No. 337489504
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Management, L.L.C.
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ----------------------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 25,385 [See Preliminary Note]
------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
25,385 [See Preliminary Note]
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
25,385 [See Preliminary Note]
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.3% [See Preliminary Note]
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IA, OO
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 31 Pages
<PAGE>
13G
===============================
CUSIP No. 337489504
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Partners, L.L.C.
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ----------------------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 537,751 [See Preliminary Note]
------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
537,751 [See Preliminary Note]
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
537,751 [See Preliminary Note]
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.9% [See Preliminary Note]
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
OO
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 8 of 31 Pages
<PAGE>
13G
===============================
CUSIP No. 337489504
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Enrique H. Boilini
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Argentina
- ----------------------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 563,136 [See Preliminary Note]
------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
563,136 [See Preliminary Note]
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
563,136 [See Preliminary Note]
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.1% [See Preliminary Note]
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 9 of 31 Pages
<PAGE>
13G
===============================
CUSIP No. 337489504
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
David I. Cohen
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
South Africa
- ----------------------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 563,136 [See Preliminary Note]
------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
563,136 [See Preliminary Note]
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
563,136 [See Preliminary Note]
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.1% [See Preliminary Note]
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 10 of 31 Pages
<PAGE>
13G
===============================
CUSIP No. 337489504
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Joseph F. Downes
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 563,136 [See Preliminary Note]
------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
563,136 [See Preliminary Note]
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
563,136 [See Preliminary Note]
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.1% [See Preliminary Note]
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 11 of 31 Pages
<PAGE>
13G
===============================
CUSIP No. 337489504
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
William F. Duhamel
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 563,136 [See Preliminary Note]
------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
563,136 [See Preliminary Note]
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
563,136 [See Preliminary Note]
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.1% [See Preliminary Note]
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 12 of 31 Pages
<PAGE>
13G
===============================
CUSIP No. 337489504
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Fleur E. Fairman
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 537,751 [See Preliminary Note]
------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
537,751 [See Preliminary Note]
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
537,751 [See Preliminary Note]
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.9% [See Preliminary Note]
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 13 of 31 Pages
<PAGE>
13G
===============================
CUSIP No. 337489504
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Jason M. Fish
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES 700
------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 563,136 [See Preliminary Note]
------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 700
------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
563,136 [See Preliminary Note]
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
563,836 [See Preliminary Note]
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.2% [See Preliminary Note]
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 14 of 31 Pages
<PAGE>
13G
===============================
CUSIP No. 337489504
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Andrew B. Fremder
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 563,136 [See Preliminary Note]
------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
563,136 [See Preliminary Note]
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
563,136 [See Preliminary Note]
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.1% [See Preliminary Note]
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 15 of 31 Pages
<PAGE>
13G
===============================
CUSIP No. 337489504
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Richard B. Fried
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 563,136 [See Preliminary Note]
------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
563,136 [See Preliminary Note]
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
563,136 [See Preliminary Note]
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.1% [See Preliminary Note]
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 16 of 31 Pages
<PAGE>
13G
===============================
CUSIP No. 337489504
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
William F. Mellin
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 563,136 [See Preliminary Note]
------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
563,136 [See Preliminary Note]
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
563,136 [See Preliminary Note]
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.1% [See Preliminary Note]
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 17 of 31 Pages
<PAGE>
13G
===============================
CUSIP No. 337489504
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Stephen L. Millham
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 563,136 [See Preliminary Note]
------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
563,136 [See Preliminary Note]
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
563,136 [See Preliminary Note]
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.1% [See Preliminary Note]
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 18 of 31 Pages
<PAGE>
13G
===============================
CUSIP No. 337489504
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Meridee A. Moore
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 563,136 [See Preliminary Note]
------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
563,136 [See Preliminary Note]
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
563,136 [See Preliminary Note]
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.1% [See Preliminary Note]
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 19 of 31 Pages
<PAGE>
13G
===============================
CUSIP No. 337489504
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Thomas F. Steyer
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 563,136 [See Preliminary Note]
------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
563,136 [See Preliminary Note]
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
563,136 [See Preliminary Note]
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.1% [See Preliminary Note]
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 20 of 31 Pages
<PAGE>
Preliminary Note: FCP, FCIP, FCIP II, FCIP III, Tinicum and the Managed Account
(each as defined below) own certain shares of Convertible Preferred Stock, $0.01
par value (the "Preferred Shares"), of First Washington Realty Trust, Inc. (the
"Issuer"). As of May 31, 1999, the Preferred Shares are immediately convertible
into shares of Common Stock, par value $0.01 (the "Shares") at a current ratio
of approximately 1.28205 Shares for each Preferred Share. These entities are
therefore the deemed beneficial owners of the Shares reported in this Schedule
13G. Other than 700 Shares owned beneficially by Jason Fish for the accounts for
his minor children, none of the Reporting Persons, including both the entities
and the individuals identified on the foregoing cover pages, directly own any
Shares.
Item 1. Issuer
(a) Name of Issuer:
First Washington Realty Trust, Inc.
(b) Address of Issuer's Principal Executive Offices:
4350 East-West Highway, Suite 400, Bethesda, Maryland 20814
Item 2. Identity and Background.
A. Farallon Capital Partners, L.P. ("FCP")
(a) Farallon Capital Partners, L.P.
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) California
(d) Common Stock, par value $0.01 (the "Shares")
(e) CUSIP No. 337489504
B. Farallon Capital Institutional Partners, L.P. ("FCIP")
Page 21 of 31 Pages
<PAGE>
(a) Farallon Capital Institutional Partners, L.P.
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) California
(d)(e) The information set forth in (d) and (e) of Item 2(A) above is
incorporated herein.
C. Farallon Capital Institutional Partners II, L.P. ("FCIP II")
(a) Farallon Capital Institutional Partners II, L.P.
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) California
(d)(e) The information set forth in (d) and (e) of Item 2(A) above is
incorporated herein.
D. Farallon Capital Institutional Partners III, L.P. ("FCIP III")
(a) Farallon Capital Institutional Partners III, L.P.
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) Delaware
(d)(e) The information set forth in (d) and (e) of Item 2(A) above is
incorporated herein.
E. Tinicum Partners, L.P. ("Tinicum")
(a) Tinicum Partners, L.P.
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
Page 22 of 31 Pages
<PAGE>
San Francisco, CA 94111
(c) New York
(d)(e) The information set forth in (d) and (e) of Item 2(A) above is
incorporated herein.
F. Farallon Capital Management, L.L.C. ("FCMLLC")
(a) Farallon Capital Management, L.L.C.
(b) One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) Delaware
(d)(e) The information set forth in (d) and (e) of Item 2(A) above is
incorporated herein.
G. Farallon Partners, L.L.C. ("FPLLC")
(a) Farallon Partners, L.L.C.
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) Delaware
(d)(e) The information set forth in (d) and (e) of Item 2(A) above is
incorporated herein.
H. Enrique H. Boilini ("Boilini")
(a) Enrique H. Boilini
(b) c/o Farallon Capital Management, L.L.C.
75 Holly Hill Lane
Greenwich, CT 06830
(c) Argentina
(d)(e) The information set forth in (d) and (e) of Item 2(A) above is
incorporated herein.
Page 23 of 31 Pages
<PAGE>
I. David I. Cohen ("Cohen")
(a) David I. Cohen
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) South Africa
(d)(e) The information set forth in (d) and (e) of Item 2(A) above is
incorporated herein.
J. Joseph F. Downes ("Downes")
(a) Joseph F. Downes
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) United States
(d)(e) The information set forth in (d) and (e) of Item 2(A) above is
incorporated herein.
K. William F. Duhamel ("Duhamel")
(a) William F. Duhamel
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) United States
(d)(e) The information set forth in (d) and (e) of Item 2(A) above is
incorporated herein.
L. Fleur E. Fairman ("Fairman")
(a) Fleur E. Fairman
(b) c/o Farallon Capital Management, L.L.C.
Page 24 of 31 Pages
<PAGE>
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) United States
(d)(e) The information set forth in (d) and (e) of Item 2(A) above is
incorporated herein.
M. Jason M. Fish ("Fish")
(a) Jason M. Fish
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) United States
(d)(e) The information set forth in (d) and (e) of Item 2(A) above is
incorporated herein.
N. Andrew B. Fremder ("Fremder")
(a) Andrew B. Fremder
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) United States
(d)(e) The information set forth in (d) and (e) of Item 2(A) above is
incorporated herein.
O. Richard B. Fried ("Fried")
(a) Richard B. Fried
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) United States
Page 25 of 31 Pages
<PAGE>
(d)(e) The information set forth in (d) and (e) of Item 2(A) above is
incorporated herein.
P. William F. Mellin ("Mellin")
(a) William F. Mellin
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) United States
(d)(e) The information set forth in (d) and (e) of Item 2(A) above is
incorporated herein.
Q. Stephen L. Millham ("Millham")
(a) Stephen L. Millham
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) United States
(d)(e) The information set forth in (d) and (e) of Item 2(A) above is
incorporated herein.
R. Meridee A. Moore ("Moore")
(a) Meridee A. Moore
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) United States
(d)(e) The information set forth in (d) and (e) of Item 2(A) above is
incorporated herein.
S. Thomas F. Steyer ("Steyer")
Page 26 of 31 Pages
<PAGE>
(a) Thomas F. Steyer
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) United States
(d)(e) The information set forth in (d) and (e) of Item 2(A) above is
incorporated herein.
With respect to the persons or entities listed above: (i) FCP is filing
with respect to the Shares of which FCP is the deemed beneficial owner (through
direct beneficial ownership of Preferred Shares); (ii) FCIP is filing with
respect to the Shares of which FCIP is the deemed beneficial owner (through
direct beneficial ownership of Preferred Shares); (iii) FCIP II is filing with
respect to the Shares of which FCIP II is the deemed beneficial owner (through
direct beneficial ownership of Preferred Shares); (iv) FCIP III is filing with
respect to the Shares of which FCIP III is the deemed beneficial owner (through
direct beneficial ownership of Preferred Shares); (v) Tinicum (collectively,
with FCP, FCIP, FCIP II and FCIP III, the "Partnerships") is filing with respect
to the Shares of which Tinicum is the deemed beneficial owner (through direct
beneficial ownership of Preferred Shares); (vi) FCMLLC is filing with respect to
the Shares of which an account managed by FCMLLC (the "Managed Account"1) is the
deemed beneficial owner (through the Managed Account s direct ownership of
Preferred Shares); (vii) FPLLC is filing with respect to the Shares of which
each of the Partnerships is the deemed beneficial owner (through direct
ownership of Preferred Shares); (viii) each of Boilini, Cohen, Downes, Duhamel,
Fremder, Fried, Mellin, Millham, Moore and Steyer is filing with respect to the
Shares of which each of the Partnerships and the Managed Accounts is the deemed
beneficial owner (through direct ownership of Preferred Shares); (ix) Fish is
filing with respect to the Shares which each of the Partnerships and the Managed
Account is the deemed beneficial owner (through direct ownership of Preferred
Shares) and with respect to the 700 Shares held for the accounts of his minor
children; and (x) Fairman is filing with respect to the Shares of which each of
the Partnerships is the beneficial ownership (FCP, FCIP, FCIP II, FCIP III,
Tinicum, FCMLLC, FPLLC, Boilini, Cohen, Downes, Duhamel, Fairman, Fish, Fremder,
Fried, Mellin, Millham, Moore and Steyer shall collectively be referred to
hereafter as the "Reporting Persons").
The Preferred Shares in respect of which each Partnership is deemed to
beneficially own Shares are owned directly by each such Partnership. The
Preferred Shares in respect of which FCMLLC is deemed to beneficially own Shares
are owned directly by the Managed Account. FPLLC, as general partner to the
Partnerships, may be deemed the beneficial owner of the Shares beneficially
owned by the Partnerships. FCMLLC, as investment adviser to the Managed Account,
may be deemed the beneficial owner of the Shares beneficially owned by the
Managed Account. Each of Boilini, Cohen, Downes, Duhamel, Fish, Fremder, Fried,
Mellin, Millham, Moore and Steyer, as managing members of FPLLC and FCMLLC, may
be deemed the
- --------------
2The name and address of the Managed Account is The Absolute Return Fund of
The Common Fund, a non-profit corporation, 450 Post Road East, Westport,
Connecticut 06881.
Page 27 of 31 Pages
<PAGE>
beneficial owner of the Shares beneficially owned by the Partnerships and the
Managed Account. Fairman, as a managing member of FPLLC, may be deemed the
beneficial owner of the Shares beneficially owned by the Partnerships. Each of
FCMLLC, FPLLC, Boilini, Cohen, Downes, Duhamel, Fairman, Fish, Fremder, Fried,
Mellin, Millham, Moore and Steyer hereby disclaims any beneficial ownership of
any such Shares. Fish may be deemed to be the beneficial owner of the 700 Shares
held for the accounts of his minor children.
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:
(a) [ ] Broker or Dealer registered under Section 15 of the Exchange Act.
(b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Exchange
Act.
(d) [ ] Investment Company registered under Section 8 of the Investment
Company Act.
(e) [ ] An Investment Adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
(f) [ ] An Employee Benefit Plan or Endowment Fund in accordance with Rule
13d-1(b)(ii)(F);
(g) [ ] A Parent Holding Company or Control Person in accordance with Rule
13d-1(b)(ii)(G);
(h) [ ] A Savings Association as defined in Section 3(b) of the Federal
Deposit Insurance Act;
(i) [ ] A church plan that is excluded from the definition of an
Investment Company under Section 3(c)(14) of the Investment
Company Act;
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this box. [ X ]
Item 4. Ownership
(a) Amount Beneficially Owned:
The information set forth in Row (9) of the cover page hereto for each
Reporting Person is incorporated herein by reference for each such
Reporting Person.
(b) Percent of Class:
Page 28 of 31 Pages
<PAGE>
The information set forth in Row (11) of the cover page hereto for
each Reporting Person is incorporated herein by reference for each
such Reporting Person.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
The information set forth in Row (5) of the cover page hereto for
each Reporting Person is incorporated herein by reference for
each such Reporting Person.
(ii) shared power to vote or to direct the vote:
The information set forth in Row (6) of the cover page hereto for
each Reporting Person is incorporated herein by reference for
each such Reporting Person.
(iii)sole power to dispose or to direct the disposition of:
The information set forth in Row (7) of the cover page hereto for
each Reporting Person is incorporated herein by reference for
each such Reporting Person.
(iv) shared power to dispose or to direct the disposition of:
The information set forth in Row 8 of the cover page hereto for
each Reporting Person is incorporated herein by reference for
each such Reporting Person.
The Preferred Shares in respect of which each Partnership is deemed to
beneficially own Shares are owned directly by each such Partnership. The
Preferred Shares in respect of which FCMLLC is deemed to beneficially own Shares
are owned directly by the Managed Account. FPLLC, as general partner to the
Partnerships, may be deemed the beneficial owner of the Shares beneficially
owned by the Partnerships. FCMLLC, as investment adviser to the Managed Account,
may be deemed the beneficial owner of the Shares beneficially owned by the
Managed Account. Each of Boilini, Cohen, Downes, Duhamel, Fish, Fremder, Fried,
Mellin, Millham, Moore and Steyer, as managing members of FPLLC and FCMLLC, may
be deemed the beneficial owner of the Shares beneficially owned by the
Partnerships and the Managed Account. Fairman, as a managing member of FPLLC,
may be deemed the beneficial owner of the Shares beneficially owned by the
Partnerships. Each of FCMLLC, FPLLC, Boilini, Cohen, Downes, Duhamel, Fairman,
Fish, Fremder, Fried, Mellin, Millham, Moore and Steyer hereby disclaims any
beneficial ownership of any such Shares. Fish may be deemed to be the beneficial
owner of the 700 Shares held for the accounts of his minor children.
Item 5. Ownership of Five Percent or Less of a Class
Page 29 of 31 Pages
<PAGE>
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. Certification
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held
for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are not
held in connection with or as a participant in any transaction having that
purpose or effect.
Page 30 of 31 Pages
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: June 7, 1999
/s/ Thomas F. Steyer
----------------------------------------
FARALLON PARTNERS, L.L.C.,
on its own behalf and as General Partner of
FARALLON CAPITAL PARTNERS, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P.,
and TINICUM PARTNERS, L.P.
by Thomas F. Steyer,
Senior Managing Member
/s/ Thomas F. Steyer
----------------------------------------
FARALLON CAPITAL MANAGEMENT, L.L.C.
By Thomas F. Steyer,
Senior Managing Member
/s/ Thomas F. Steyer
----------------------------------------
Thomas F. Steyer, individually and as
attorney-in-fact for each of Enrique H. Boilini,
David I. Cohen, Joseph F. Downes, William F. Duhamel
Fleur E. Fairman, Jason M. Fish, Andrew B.
Fremder, Richard B. Fried William F. Mellin, Stephen
L. Millham and Meridee A. Moore.
The Powers of Attorney executed by Boilini, Cohen, Downes, Fairman, Fish,
Fremder, Mellin, Millham and Moore authorizing Steyer to sign and file this
Schedule 13G on each person s behalf, which were filed with Amendment No. 1 to
the Schedule 13D filed with the Securities and Exchange Commission on September
26, 1997, by such Reporting Persons with respect to the Common Stock of Sphere
Drake Holdings Limited, are hereby incorporated by reference. The Powers of
Attorney executed by Duhamel and Fried authorizing Steyer to sign and file this
Schedule 13G on each person s behalf, which were filed with Amendment No. 1 to
the Schedule 13D filed with the Securities and Exchange Commission on January
13, 1999, by such Reporting Persons with respect to the Callable Class A Common
Shares of CliniChem Development Inc., are hereby incorporated by reference.
Page 31 of 31 Pages
