` UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
TRIAD PARK, LLC
---------------
(Name of Issuer)
Membership Interests, no par value
----------------------------------
(Title of Class of Securities)
895814101
---------
(CUSIP Number)
Murray A. Indick
Richard C. Blum & Associates, L.P.
909 Montgomery Street, Suite 400
San Francisco, CA 94133
(415) 434-1111
-------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 30, 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 [ ].
*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).
Page 1 of 15
CUSIP NO. 895814101 SCHEDULE 13D Page 2 of 15
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON RICHARD C. BLUM & ASSOCIATES, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3205364
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3 below
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 1,998,158**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 1,998,158**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,998,158**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.1%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN, IA
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 895814101 SCHEDULE 13D Page 3 of 15
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON RICHARD C. BLUM & ASSOCIATES, INC.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-2967812
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3 below
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 1,998,158**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 1,998,158**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,998,158**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.1%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON CO
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 895814101 SCHEDULE 13D Page 4 of 15
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON RICHARD C. BLUM
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3 below
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER 14,000**
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 1,998,158**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER 14,000**
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 1,998,158**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,012,158**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.2%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON IN
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 895814101 SCHEDULE 13D Page 5 of 15
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON TPL ACQUISITION, LLC
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3 below
- ------------------------------------------------------------------------------
5. CHECK BOX 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 1,998,158**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 1,998,158**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,998,158**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.1%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON OO (limited liability company)
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 895814101 SCHEDULE 13D Page 6 of 15
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON CB COMMERCIAL REAL ESTATE
SERVICES GROUP, INC.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 52-1616016
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3 below
- ------------------------------------------------------------------------------
5. CHECK BOX 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 -0-
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER -0-
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0-
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) -0-
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON CO
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 895814101 SCHEDULE 13D Page 7 of 15
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON WESTMARK REALTY ADVISORS, LLC
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 95-3695034
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3 below
- ------------------------------------------------------------------------------
5. CHECK BOX 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 -0-
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER -0-
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0-
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) -0-
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON OO (limited liability company)
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 895814101 SCHEDULE 13D Page 8 of 15
This Amendment No. 2 to Schedule 13D amends the Statement on Schedule 13D (the
"Schedule 13D") filed with the Securities and Exchange Commission on September
10, 1997 by Richard C. Blum & Associates, L.P. and its affiliates (along with
TPL Acquisition, LLC, the "Blum Reporting Persons"). This Amendment No. 2 is
filed with respect to the Limited Liability Company Membership Interests ("the
Interests"), no par value, of Triad Park, LLC, ("the Company"). The principal
executive office and mailing address of the Company is 3055 Triad Drive,
Livermore, California 94550. This Amendment is being filed because the Blum
Reporting Persons, as previously described in Amendment No. 1, may be deemed
by virtue of other securities filings to have formed a group with CB
Commercial Real Estate Services Group, Inc. ("CBC") and Westmark Realty
Advisors, LLC ("Westmark") for the purpose as described below. The Blum
Reporting Persons, CBC and Westmark are collectively referred to herein as the
"Reporting Persons". Unless otherwise defined herein, all capitalized terms
shall have the meanings ascribed to them in the Schedule 13D.
Item 2. Identify and Background
- --------------------------------
Item 2 of the Schedule 13D is hereby amended to include the following
additional information with respect to TPL, CBC and Westmark (information with
respect to the Blum Reporting Persons having previously been disclosed):
TPL is a Delaware limited liability company formed for the purpose of entering
into the Merger Agreement described in the Schedule 13D. Its principal
executive office is located at 909 Montgomery Street, Suite 400, San
Francisco, California 94133. Its sole managing member is RCBA L.P.
CBC is a Delaware corporation providing commerical real estate services
through its subsidiaries. Its principal executive office is located at 533
South Fremont Avenue, Los Angeles, California 90071. The names of the
directors and executive officers of CBC and their addresses, citizenship and
principal occupation are as follows:
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
- -------------------- ----------------------- --------- --------------------
James L. Didion 533 South Fremont Ave. USA Chairman, Chief
Chairman, Chief Los Angeles, CA 90071 Executive Officer
Executive Officer of CBC
and Director
Gary J. Beban 533 South Fremont Ave. USA President of CBC
President and Los Angeles, CA 90071
Director
John C. Heackel 533 South Fremont Ave. USA Chief Financial
Chief Financial Los Angeles, CA 90071 Officer and Senior
and Senior Executive Vice
Executive Vice President of CBC
President
CUSIP NO. 895814101 SCHEDULE 13D Page 9 of 15
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
- -------------------- ----------------------- --------- --------------------
George J. Kallis 533 South Fremont Ave. USA Senior Executive
Senior Executive Los Angeles, CA 90071 Vice President --
Vice President -- Brokerage Western
Brokerage Western U.S. of CBC
of U.S. and Director
Ronald J. Platisha 533 South Fremont Ave. USA Executive Vice
Executive Vice Los Angeles, CA 90071 President and
and Principal Principal Accounting
Accounting Officer Officer of CBC
Walter V. Stafford 533 South Fremont Ave. USA Senior Executive
Senior Executive Los Angeles, CA 90071 Vice President and
and General Counsel General Counsel of
CBC
Richard C. Clotfelter 533 South Fremont Ave. USA Chairman of
Director Los Angeles, CA 90071 Westmark
Lawrence J. Melody 5847 San Felipe, USA President of L.J.
Director Suite 4400 Melody & Company
Houston, TX 77057
Stanton D. Anderson 1850 K Street, NW USA Counsel, McDermott,
Director Washington, D.C. 20006 Will & Emery and
Chairman & President
of Global USA, Inc.
Richard C. Blum 909 Montgomery St. USA President & Chairman
Director Suite 400 RCBA L.P.
San Francisco, CA 94133
Daniel A. D'Aniello 1001 Pennsylvania USA Managing Director,
Director Avenue, N.W. The Carlyle Group
Suite 220 South
Washington, D.C. 20004
Hiroaki Hoshino 320 Park Avenue Japan President, Chief
Director 26th Floor Executive officer,
New York, NY 10022 Chief Financial
Officer and
Director of
Kajima Capital of
America, Inc.
Takayuki Kohri 666 Fifth Avenue Japan Deputy Manager of
Director New York, NY 10103 Sumitomo Real Estate
Sales Japan
CUSIP NO. 895814101 SCHEDULE 13D Page 10 of 15
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
- -------------------- ----------------------- --------- --------------------
Paul C. Leach 2935 Pacific Avenue USA President, Paul
Director San Francisco, CA 94115 Leach and Company
and Managing Director
The Lone Cypress Co.
Frederic V. Malek 1455 Pennsylvania USA Chairman of Thayer
Director Avenue, NW, Ste. 350 Capital Partners
Washington, DC 20004
Peter V. Ueberroth 500 Newport Center Dr. USA Managing Director of
Director Suite 900 Contrarian Group,
Newport Beach, CA 92660 Inc.
Gary L. Wilson 5101 Northwest Drive USA Co-Chairman of
Director St. Paul, MN 55111 Northwest Airlines,
Inc.
Ray Elizabeth 100 Galleria Parkway USA First Vice President
Uttenhove, Atlanta, GA 30339 -- Retail Tenant
First Vice Presi- Services of CBC
dent Retail Tenant
Services and
Director
Donald M. Koll 4343 Von Karman Ave. USA Chairman of the Board
Director Newport Beach, CA 92660 and Chief Executive
Officer
of The Koll Company
Raymond E. Wirta 533 South Fremont Ave. USA President of CB
Director Los Angeles, CA 90071 Commercial Financial
Services
Bradford M. Freeman 11100 Santa Monica Blvd. USA Founding partner of
Director Suite 1900 FS&Co.
Los Angeles, CA 90025
Ricardo 1301 Avenue of the USA Partner of Apollo
Koenigsberger Americas,38th Floor Real Estate
Director New York, NY 10019 Advisors II, LP
Westmark is a Delaware limited liability company and an indirect wholly-owned
subsidiary of CBC. Its principal executive office is located at 865 South
Figueroa, Los Angeles, California 90071. The names of the directors and
CUSIP NO. 895814101 SCHEDULE 13D Page 11 of 15
executive officers of Westmark and their addresses, citizenship and principal
occupation are as follows:
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
- -------------------- ----------------------- --------- --------------------
Richard C. Clotfelter 865 South Figueroa St. USA Chairman & Director
Chairman Los Angeles, CA 90071 of Westmark
James L. Didion 533 South Fremont Ave. USA Chairman, Chief
Director Los Angeles, CA 90071 Executive Officer
and Director of CBC
Walter V. Stafford 533 South Fremont Ave. USA Senior Executive
Director Los Angeles, CA 90071 Vice President and
General Counsel of
CBC
Laurie Romanak 865 South Figueroa St. USA Treasurer of Westmark
Treasurer Los Angeles, CA 90071
To the best knowledge of the Blum Reporting Persons, CBC and Westmark, none of
the entities or persons identified in this Item 2 has, during the past five
years, been convicted of any criminal proceeding (excluding traffic violations
or similar misdemeanors), nor been a party to a civil proceeding of a judicial
or administrative body of competent jurisdiction and as a result of such
proceeding was or is subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to,
federal or state securities laws or finding any violation with respect to such
laws.
Neither the Blum Reporting Persons, CBC nor Westmark are responsible for the
completeness or accuracy of the information concerning the other persons
making this filing, unless such person knows or has reason to believe that
such information is inaccurate.
Item 3. Source and Amount of Funds or Other Consideration
- ----------------------------------------------------------
The source of funds for the Interests was the working capital of RCBA L.P.'s
limited partnerships.
Item 4. Purpose of Transaction
- -------------------------------
Item 4 of the Schedule 13D is hereby amended as follows:
The Blum Reporting Persons initially acquired the Interests for investment
purposes, and the acquisition of the Interests by each of the limited
partnerships were made in the ordinary course of business and were not made
for the purposes of acquiring control of the Company.
CUSIP NO. 895814101 SCHEDULE 13D Page 12 of 15
On August 14, 1997, the Blum Reporting Persons filed an initial Schedule 13D.
Therein, the Blum Reporting Persons stated that, on August 11, 1997, they
decided to propose to acquire all of the assets or stock of the Company and
submitted a written indication to the Company of the material terms and
conditions upon which the Blum Reporting Persons would be willing to proceed.
On August 12, 1997, the Company responded to the August 11, 1997 proposal.
Following the exchange of correspondence between the Blum Reporting Persons
and the Company, the Blum Reporting Persons and the Company discussed a
possible transaction. On September 9, the Company, and the Blum Reporting
Persons entered into an Agreement of Merger (the "Merger Agreement"), pursuant
to which TPL will acquire all of the Interests for a purchase price of $1.32
per Interest on the terms and subject to the conditions set forth therein
(including approval of the transaction by the shareholders). The Company
attached the Merger Agreement to a securities filing made by the Company on
September 15, 1997. The Reporting Persons have not, therefore, attached the
Merger Agreement as an exhibit to this Amendment. Reference is made to the
Merger Agreement for a complete description of the terms and conditions of the
transaction.
TPL is presently controlled by the Blum Reporting Persons; however, the
Reporting Persons presently expect that TPL will be controlled both by the
Blum Reporting Persons and by Westmark, an indirect wholly-owned subsidiary of
CBC. Richard C. Blum is a director of CBC. The Blum Reporting Persons and
Westmark previously entered into a joint venture agreement for real estate
acquisitions, and the Reporting Persons presently expect Westmark to
participate in the transaction involving the Company. The Blum Reporting
Persons and Westmark have not formalized an arrangement as yet with respect to
this particular transaction. The Reporting Persons expect that such an
agreement will be formalized in the near future.
In securities filings made by the Company on December 9, 11 and 30, 1997, CBC
and Westmark were disclosed to be filing persons. This amendment similarly
reflects the addition of CBC and Westmark to this Schedule 13D filing.
Item 5. Interest in Securities of the Issuer
- ---------------------------------------------
Item 5 of the Schedule 13D is hereby amended in its entirety to read as
follows:
(a),(b) According to the Company's Form 10QSB filed with the Securities and
Exchange Commission on November 12, 1997, there were 19,708,123 Interests
outstanding as of September 30, 1997. Based on such information, the Blum
Reporting Persons report direct holdings of 1,998,158 Interests on behalf of
its partnerships, which represents 10.1% of the outstanding Interests.
Voting and investment power concerning the above Interests are held solely by
RCBA L.P. The Blum Reporting Persons therefore may be deemed to be members in
a group, in which case each Reporting Person would be deemed to have
beneficial ownership of an aggregate of 1,998,158 Interests, which is 10.1% of
CUSIP NO. 895814101 SCHEDULE 13D Page 13 of 15
the outstanding Interests. As the sole general partner of RCBA L.P., RCBA
Inc. is deemed the beneficial owner of the Interests over which RCBA L.P. has
voting and investment power.
As Chairman, director and a substantial shareholder of RCBA Inc., Richard C.
Blum might be deemed to be the beneficial owner of the Interests beneficially
owned by RCBA Inc. In addition, Mr. Blum has sole beneficial ownership of
14,000 Interests. Although Mr. Blum is joining in this Schedule as a Blum
Reporting Person, the filing of this Schedule shall not be construed as an
admission that he, or any of the other shareholders, directors or executive
officers of RCBA Inc. is, for any purpose, the beneficial owner of any of the
Interests that are beneficially owned by RCBA Inc.
As of this date, CBC and Westmark do not own any Interests of the Company.
Moreover, CBC and Westmark expressly disclaim beneficial ownership of any of
the securities of the Company, including but not limited to those securities
of the Company owned by The Blum Reporting Persons.
(c), (d) and (e) Not applicable.
Item 7. Material to be Filed as Exhibits
- -----------------------------------------
Item Description
- ---- -----------
Exhibit A Joint Filing Undertaking.
CUSIP NO. 895814101 SCHEDULE 13D Page 14 of 15
SIGNATURES
After reasonable inquiry and to the best or our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: December 31, 1997
RICHARD C. BLUM & ASSOCIATES, L.P. RICHARD C. BLUM & ASSOCIATES, INC.
By /s/ Murray A. Indick By /s/ Murray A. Indick
------------------------------- -----------------------------------
Murray A. Indick Murray A. Indick
Managing Director Managing Director, General Counsel
and General Counsel and Secretary
/s/ Murray A. Indick
---------------------------------------
RICHARD C. BLUM
By Murray A. Indick, Attorney-in-Fact
CB COMMERCIAL REAL ESTATE WESTMARK REALTY ADVISORS, LLC
SERVICES GROUP, INC.
By /s/ Walter V. Stafford By /s/ Richard C. Clotfelter
------------------------------- -----------------------------------
Walter V. Stafford Richard C. Clotfelter
Senior Executive Vice President Chairman and President
and General Counsel
CUSIP NO. 72813P-10-0 SCHEDULE 13D Page 15 of 15
Exhibit A
JOINT FILING UNDERTAKING
The undersigned, being duly authorized thereunto, hereby execute this
agreement as an exhibit to this Schedule 13D to evidence the agreement of the
below-named parties, in accordance with the rules promulgated pursuant to the
Securities Exchange Act of 1934, to file this Schedule jointly on behalf of
each such party.
Dated: December 31, 1997
RICHARD C. BLUM & ASSOCIATES, L.P. RICHARD C. BLUM & ASSOCIATES, INC.
By /s/ Murray A. Indick By /s/ Murray A. Indick
------------------------------- -----------------------------------
Murray A. Indick Murray A. Indick
Managing Director Managing Director, General Counsel
and General Counsel and Secretary
/s/ Murray A. Indick
---------------------------------------
RICHARD C. BLUM
By Murray A. Indick, Attorney-in-Fact
CB COMMERCIAL REAL ESTATE WESTMARK REALTY ADVISORS, LLC
SERVICES GROUP, INC.
By /s/ Walter V. Stafford By /s/ Richard C. Clotfelter
------------------------------- -----------------------------------
Walter V. Stafford Richard C. Clotfelter
Senior Executive Vice President Chairman and President
and General Counsel
