<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3 )*
ERP Operating Limited Partnership
- --------------------------------------------------------------------------------
(Name of Issuer)
Operating Partnership Units
- --------------------------------------------------------------------------------
(Title of Class of Securities)
N/A
- --------------------------------------------------------------------------------
(CUSIP Number)
*The remainder of this cover page shall be filled our for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
<PAGE> 2
CUSIP No. N/A 13G Page 2 of 26
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
FU Associates
36-3928382
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) X
(b)
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
----------------------------------------------------
6 SHARED VOTING POWER
NUMBER OF SHARES
135,385
BENEFICIALLY OWNED BY
----------------------------------------------------
EACH REPORTING PERSON 7 SOLE DISPOSITIVE POWER
WITH
----------------------------------------------------
8 SHARED DISPOSITIVE POWER
135,385
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
135,385
- --------------------------------------------------------------------------------
10 CHECK BOX IF AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
.14%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 3
CUSIP No. N/A 13G Page 3 of 26
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
B/S Investments
36-6526147
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) X
(b)
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
---------------------------------------------------
NUMBER OF SHARES 6 SHARED VOTING POWER
BENEFICIALLY OWNED BY 669
---------------------------------------------------
EACH REPORTING PERSON 7 SOLE DISPOSITIVE POWER
WITH
----------------------------------------------------
8 SHARED DISPOSITIVE POWER
669
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
669
- --------------------------------------------------------------------------------
10 CHECK BOX IF AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
.00%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 4
CUSIP No. N/A 13G Page 4 of 26
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
Samstock, LLC
36-4156890
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) X
(b)
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
----------------------------------------------------
NUMBER OF SHARES 6 SHARED VOTING POWER
BENEFICIALLY OWNED BY 643,845
----------------------------------------------------
EACH REPORTING PERSON 7 SOLE DISPOSITIVE POWER
WITH
----------------------------------------------------
8 SHARED DISPOSITIVE POWER
643,845
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
643,845
- --------------------------------------------------------------------------------
10 CHECK BOX IF AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
.65%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 5
CUSIP No. N/A 13G Page 5 of 26
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
Samstock/SZRT,LLC
###-##-####
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) X
(b)
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
----------------------------------------------------
NUMBER OF SHARES 6 SHARED VOTING POWER
BENEFICIALLY OWNED BY 200,337
----------------------------------------------------
EACH REPORTING PERSON 7 SOLE DISPOSITIVE POWER
WITH
----------------------------------------------------
8 SHARED DISPOSITIVE POWER
200,337
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
200,337
- --------------------------------------------------------------------------------
10 CHECK BOX IF AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
.20%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 6
CUSIP No. N/A 13G Page 6 of 26
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
Samstock/ZGPI, LLC
36-3716786
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) X
(b)
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
----------------------------------------------------
NUMBER OF SHARES 6 SHARED VOTING POWER
BENEFICIALLY OWNED BY 111,170
----------------------------------------------------
EACH REPORTING PERSON 7 SOLE DISPOSITIVE POWER
WITH
----------------------------------------------------
8 SHARED DISPOSITIVE POWER
111,170
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
111,170
- --------------------------------------------------------------------------------
10 CHECK BOX IF AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
.11%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 7
CUSIP No. N/A 13G Page 7 of 26
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
Samstock/ZFT, LLC
36-3022976
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) X
(b)
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
----------------------------------------------------
6 SHARED VOTING POWER
NUMBER OF SHARES
302,317
BENEFICIALLY OWNED BY ----------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH REPORTING PERSON
WITH ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
302,317
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
302,317
- --------------------------------------------------------------------------------
10 CHECK BOX IF AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
.31%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 8
CUSIP No. N/A 13G Page 8 of 26
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
EGI Holdings, Inc.
36-4175553
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) X
(b)
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
----------------------------------------------------
6 SHARED VOTING POWER
NUMBER OF SHARES
537,257
BENEFICIALLY OWNED BY ----------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH REPORTING PERSON
----------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
537,257
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
537,257
- --------------------------------------------------------------------------------
10 CHECK BOX IF AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
.54%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 9
CUSIP No. N/A 13G Page 9 of 26
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
EGIL Investments, Inc.
36-4175555
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) X
(b)
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
----------------------------------------------------
6 SHARED VOTING POWER
NUMBER OF SHARES
537,256
BENEFICIALLY OWNED BY
----------------------------------------------------
EACH REPORTING PERSON 7 SOLE DISPOSITIVE POWER
WITH
----------------------------------------------------
8 SHARED DISPOSITIVE POWER
537,256
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
537,256
- --------------------------------------------------------------------------------
10 CHECK BOX IF AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
.54%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 10
CUSIP No. N/A 13G Page 10 of 26
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
Anda Partnership
88-0132846
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) X
(b)
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Nevada
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
----------------------------------------------------
6 SHARED VOTING POWER
NUMBER OF SHARES
307,708
BENEFICIALLY OWNED BY
----------------------------------------------------
EACH REPORTING PERSON 7 SOLE DISPOSITIVE POWER
WITH
----------------------------------------------------
8 SHARED DISPOSITIVE POWER
307,708
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
307,708
- --------------------------------------------------------------------------------
10 CHECK BOX IF AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
.31%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 11
CUSIP No. N/A 13G Page 11 of 26
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
LFT Partnership
36-6527526
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) X
(b)
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
----------------------------------------------------
6 SHARED VOTING POWER
NUMBER OF SHARES
579,254
BENEFICIALLY OWNED BY ----------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH REPORTING PERSON
WITH ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
579,254
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
579,254
- --------------------------------------------------------------------------------
10 CHECK BOX IF AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
.59%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 12
CUSIP No. N/A 13G Page 12 of 26
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
Robert H. and Ann Lurie Trust
36-6944487
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) X
(b)
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
----------------------------------------------------
6 SHARED VOTING POWER
NUMBER OF SHARES
49,386
BENEFICIALLY OWNED BY ----------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH REPORTING PERSON
WITH ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
49,386
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
49,386
- --------------------------------------------------------------------------------
10 CHECK BOX IF AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
.05%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 13
CUSIP No. N/A 13G Page 13 of 26
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
First Capital Financial Corp.
59-1604552
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) X
(b)
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Florida
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
----------------------------------------------------
6 SHARED VOTING POWER
NUMBER OF SHARES
31,476
BENEFICIALLY OWNED BY ----------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH REPORTING PERSON
WITH ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
31,476
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
31,476
- --------------------------------------------------------------------------------
10 CHECK BOX IF AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
.03%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 14
CUSIP No. N/A 13G Page 14 of 26
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
Samuel Zell
###-##-####
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) X
(b)
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
----------------------------------------------------
6 SHARED VOTING POWER
NUMBER OF SHARES
1,122,213
BENEFICIALLY OWNED BY ----------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH REPORTING PERSON
WITH ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,122,213
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,122,213
- --------------------------------------------------------------------------------
10 CHECK BOX IF AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.1%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 15
CUSIP No. N/A 13G Page 15 of 26
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
Ann Lurie
###-##-####
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) X
(b)
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
----------------------------------------------------
6 SHARED VOTING POWER
NUMBER OF SHARES
2,178,391
BENEFICIALLY OWNED BY ----------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH REPORTING PERSON
WITH ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,178,391
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,178,391
- --------------------------------------------------------------------------------
10 CHECK BOX IF AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.2%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 16
CUSIP No. N/A 13G Page 16 of 26
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
Sheli Z. Rosenberg
###-##-####
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) X
(b)
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
1,528
----------------------------------------------------
NUMBER OF SHARES 6 SHARED VOTING POWER
BENEFICIALLY OWNED BY 2,156,729
----------------------------------------------------
EACH REPORTING PERSON 7 SOLE DISPOSITIVE POWER
WITH 1,528
----------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,156,729
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,158,257
- --------------------------------------------------------------------------------
10 CHECK BOX IF AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.2%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 17
CUSIP No. N/A 13G Page 17 of 26
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
Arthur A. Greenberg
###-##-####
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) X
(b)
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
1,597
----------------------------------------------------
6 SHARED VOTING POWER
NUMBER OF SHARES
1,854,412
BENEFICIALLY OWNED BY ----------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH REPORTING PERSON
1,597
WITH ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,854,412
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,856,009
- --------------------------------------------------------------------------------
10 CHECK BOX IF AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.9%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 18
CUSIP No. N/A 13G Page 18 of 26
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
Mark Slezak
###-##-####
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) X
(b)
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
----------------------------------------------------
6 SHARED VOTING POWER
NUMBER OF SHARES
1,599,137
BENEFICIALLY OWNED BY ----------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH REPORTING PERSON
0
WITH ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,599,137
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,599,137
- --------------------------------------------------------------------------------
10 CHECK BOX IF AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.6%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 19
ERP OPERATING LIMITED PARTNERSHIP
OPERATING PARTNERSHIP UNITS
NO CUSIP NUMBER
ITEM 1(a). NAME OF ISSUER
The Issuer is ERP Operating Limited partnership, an
Illinois limited partnership (the "Operating
Partnership").
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
The Issuer's principal executive office is: Two North
Riverside Plaza, Chicago, Illinois 60606
ITEM 2(a). NAME OF PERSON FILING
The following entities or persons are filing this
Schedule 13G:
FU Associates B/S
Investments Samstock, L.L.C.
Samstock/SZRT, L.L.C.
Samstock/ZGPI, L.L.C.
Samstock/ZFT, L.L.C.
EGI Holdings, Inc.
EGIL Investments, Inc.
Anda Partnership
LFT Partnership
Robert H. and Ann Lurie Trust
First Capital Financial Corporation
Samuel Zell
Ann Lurie
Sheli Z. Rosenberg
Arthur A. Greenberg
Mark Slezak
The above entities and persons are each a "Reporting Person"
and collectively are the "Reporting Persons."
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE,
RESIDENCE
The address for each Reporting Person is: Two North
Riverside Plaza, Chicago, Illinois 60606
Page 19 of 26
<PAGE> 20
ITEM 2(c). CITIZENSHIP
The Reporting Persons' state of organization or
citizenship is as follows:
FU Associates Illinois
B/S Investments Illinois
Samstock, L.L.C. Delaware
Samstock/SZRT, L.L.C. Delaware
Samstock/ZGPI, L.L.C. Delaware
Samstock/ZFT, L.L.C. Delaware
EGI Holdings, Inc. Illinois
EGIL Investments, Inc. Illinois
Anda Partnership Nevada
LFT Partnership Illinois
Robert H. and Ann Lurie Trust Illinois
First Capital Financial Corporation Florida
Samuel Zell U.S.A.
Ann Lurie U.S.A.
Sheli Z. Rosenberg U.S.A.
Arthur A. Greenberg U.S.A.
Mark Slezak U.S.A.
ITEM 2(d). TITLE OF CLASS OF SECURITIES
Securities reported herein are Operating Partnership
Units ("OP Units").
ITEM 2(e). CUSIP NUMBER
Not applicable.
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES
13D-1(b), OR 13D-2(b), CHECK WHETHER THE PERSON
FILING IS A
Not applicable.
ITEM 4. OWNERSHIP
The Issuer is ERP Operating Limited Partnership, an
Illinois limited partnership (the "Operating
Partnership"). Each of the Reporting Persons, except
Samuel Zell, Ann Lurie and Mark Slezak is a limited
partner of the Operating Partnership.
Collectively the Reporting Persons own 3,439,185 OP
Units or 3.5% of the outstanding OP Units. Sheli Z.
Rosenberg has the sole power to vote or to direct the
vote of and the sole power to dispose or to direct
Page 20 of 26
<PAGE> 21
the disposition of 1,528 OP Units. Arthur A.
Greenberg has the sole power to vote or to direct the
vote of and the sole power to dispose or to direct
the disposition of 1,597 OP Units. Messrs. Zell,
Greenberg and Slezak and Mses. Lurie and Rosenberg
share the power to vote or to direct the vote of and
share the power to dispose or to direct the
disposition of the OP Units with each of the
Reporting Persons as shown in the following table:
<TABLE>
<S> <C> <C> <C>
SHARE POWER WITH SUCH REPORTING PERSON
Total
Beneficially
Owned Sheli Z. Arthur A.
Reporting Person ("RP") by such RP Samuel Zell Ann Lurie Rosenberg Greenberg Mark Slezak
----------------------- ---------- ----------- --------- --------- --------- -----------
FU Associates 135,385 135,385 135,385 135,385 135,385 135,385
B/S Investments 669 0 669 669 669 669
Samstock, LLC 643,845 643,845 0 643,845 643,845 0
Samstock/SZRT, LLC 200,337 200,337 0 0 0 0
Samstock/ZGPI, LLC 111,170 111,170 0 0 0 0
Samstock/ZFT, LLC 302,317 0 0 302,317 0 0
EGI Holdings, Inc. 537,257 0 537,257 537,257 537,257 537,257
EGIL Investments, Inc. 537,256 0 537,256 537,256 537,256 537,256
Anda Partnership 307,708 0 307,708 0 0 307,708
LFT Partnership 579,254 0 579,254 0 0 0
Robert H. and Ann Lurie 49,386 0 49,386 0 0 49,386
Trust
First Capital Financial 31,476 31,476 31,476 0 0 31,476
Corporation --------- --------- --------- --------- --------- ---------
Total - Shared Votes 3,436,060 1,122,213 2,178,391 2,156,729 1,854,412 1,599,137
--------- --------- --------- --------- --------- ---------
- -
</TABLE>
<TABLE>
<S> <C> <C> <C> <C>
Sole Power With Respect to OP Units
Sheli Z. Rosenberg 1,528 1,528
Arthur A. Greenberg 1,597 1,597
--------- --------- --------- --------- --------- ---------
Total - Shared & Sole 3,439,185 1,122,213 2,178,391 2,158,257 1,856,009 1,599,137
========= ========= ========= ========= ========= =========
Votes
Percent of Class 3.5% 1.1% 2.2% 2.2% 1.9% 1.6%
</TABLE>
Page 21 of 26
<PAGE> 22
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
X
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. CERTIFICATE
Not applicable.
Page 22 of 26
<PAGE> 23
SIGNATURE
After reasonable inquiry, and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete
and correct.
Dated: February 17, 1998
FU ASSOCIATES, an Illinois general partnership
By: Equity Financial Investment Company, a
general partner
By: Jo Ann Zell Trust, a general partner
By: /s/ Sheli Z. Rosenberg
------------------------------------------
Its: Trustee
B/S INVESTMENTS, an Illinois general partnership
By: Alphabet Partners, a general partner
By: SZA Trust, a general partner
By: /s/ Arthur A. Greenberg
------------------------------------------
Its: Trustee
SAMSTOCK, LLC, a Delaware limited liability
company
By: /s/ Sheli Z. Rosenberg
------------------------------------------
Its: Vice President
Page 23 of 26
<PAGE> 24
SAMSTOCK/SZRT, LLC, a Delaware limited
liability company
By: /s/ Sheli Z. Rosenberg
------------------------------------------
Its: Vice President
SAMSTOCK/ZGPI, LLC, a Delaware limited
liability company
By: /s/ Sheli Z. Rosenberg
------------------------------------------
Its: Vice President
SAMSTOCK/ZFT, LLC, a Delaware limited liability
company
By: /s/ Sheli Z. Rosenberg
------------------------------------------
Its: Vice President
EGI Holdings, Inc.,an Illinois corporation
By: /s/ Sheli Z. Rosenberg
------------------------------------------
Its: Vice President
Page 24 of 26
<PAGE> 25
EGIL INVESTMENTS, INC., an Illinois corporation
By: /s/ Mark Slezak
------------------------------------------
Its: Vice President
ANDA PARTNERSHIP, a Nevada general partnership
By: Ann Only Trust, a general partner
By: /s/ Ann Lurie
------------------------------------------
Its: Co-Trustee
LFT PARTNERSHIP, an Illinois general
partnership
By: Jesse Trust, a general partner
By: /s/ Ann Lurie
------------------------------------------
Its: Trustee
ROBERT H. AND ANN LURIE TRUST, an Illinois
trust
By: /s/ Ann Lurie
-------------------------------------------
Its: Co-Trustee
Page 25 of 26
<PAGE> 26
FIRST CAPITAL FINANCIAL CORP., a Florida
corporation
By: /s/ Donald J. Liebentritt
-------------------------------------------
Its: Vice President
/s/ Samuel Zell
-----------------------------------------------
Samuel Zell
/s/ Ann Lurie
-----------------------------------------------
Ann Lurie
/s/ Sheli Z. Rosenberg
-----------------------------------------------
Sheli Z. Rosenberg
/s/ Arthur A. Greenberg
-----------------------------------------------
Arthur A. Greenberg
/s/ Mark Slezak
-----------------------------------------------
Mark Slezak
Page 26 of 26
