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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Prometheus Assisted Living LLC
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(Last) (First) (Middle)
30 Rockefeller Plaza, 63rd Floor
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(Street)
New York, NY 10020
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
August 1, 1998
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
ARV Assisted Living, Inc. ARVI
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [ X ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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6. If Amendment, Date of Original (Month/Year)
7/14/97
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7. Individual or Joint/Group Filing (Check applicable line)
[ ] Form Filed by One Reporting Person
[ X ] Form Filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Beneficially Owned
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<TABLE>
<CAPTION>
3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr.5)
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<S> <C> <C> <C>
Common Stock 9,653,325 D and I See attached
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
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FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr.5) (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
Explanation of Responses:
See attached.
See attached signature page
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**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient. See Instruction 6 for procedure.
<PAGE>
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Item 1. Name and Address of Reporting Person.
Prometheus Assisted Living LLC
30 Rockefeller Plaza, 63rd Floor
New York, NY 10020
Second Reporting Person:
Lazard Freres Real Estate Investors L.L.C.
30 Rockefeller Plaza, 63rd Floor
New York, NY 10020
Third Reporting Person:
LF Strategic Realty Investors II L.P.
c/o Lazard Freres Real Estate Investors L.L.C.
30 Rockefeller Plaza, 63rd Floor
New York, NY 10020
Fourth Reporting Person:
LFSRI II Alternative Partnership L.P.
c/o Lazard Freres Real Estate Investors L.L.C.
30 Rockefeller Plaza, 63rd Floor
New York, NY 10020
Fifth Reporting Person:
LFSRI II-CADIM Alternative Partnership L.P.
c/o Lazard Freres Real Estate Investors L.L.C.
30 Rockefeller Plaza, 63rd Floor
New York, NY 10020
Item 2. Date of Event Requiring Statement.
August 1, 1998
Item 4. Issuer Name and Trading Symbol.
ARV Assisted Living, Inc.
ARVI
Explanation of Responses
Reference is hereby made to the Schedule 13D, dated July 23,
1997, as amended, filed by Prometheus, LFREI, LFSRI, LFSRI II, and LFSRI
CADIM (collectively the "Reporting Parties") with respect to the Common
Stock of ARV Assisted Living, Inc. (the "Company" or the "Issuer")(as
amended, the "Schedule 13D"). Capitalized terms not otherwise defined
herein shall have the meaning ascribed to them in the Schedule 13D.
<PAGE>
The Reporting Parties may be deemed to beneficially own
9,653,325* shares of the Company's Common Stock (comprising approximately
49.9% of the shares outstanding on March 31, 1997) as a result of an
agreement to purchase such shares in the Stock Purchase Agreement.
Prometheus is the direct owner of the interest in the Issuer. On
August 1, 1998, pursuant to the LFSRI II AP Purchase Agreement and the
LFSRI CADIM Purchase Agreement, LFSRI, which originally was the sole member
of Prometheus, transferred 10.3806% and 3.4602% of the membership interest
in Prometheus to LFSRI II AP and LFSRI CADIM, respectively. As a result,
Prometheus has three managing members: LFSRI is a 86.1592% managing member,
LFSRI II AP is a 10.3806% managing member and LFSRI CADIM is a 3.4602%
managing member and LFSRI, LFSRI II AP and LFSRI CADIM each has an indirect
interest in the Issuer.
* Assuming consummation of the purchase of all shares of Common Stock
to be purchased pursuant to the Stock Purchase Agreement disclosed in the
Schedule 13D.
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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.
PROMETHEUS ASSISTED LIVING LLC
by LF Strategic Realty Investors II
L.P., as a member,
by Lazard Freres Real Estate
Investors L.L.C., its general
partner,
by
/s/ JOHN A. MOORE
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Name: John A. Moore
Title: Principal
LF STRATEGIC REALTY INVESTORS II L.P.
by Lazard Freres Real Estate
Investors L.L.C., its general partner,
by
/s/ JOHN A. MOORE
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Name: John A. Moore
Title: Principal
LFSRI II ALTERNATIVE PARTNERSHIP L.P.
by Lazard Freres Real Estate
Investors L.L.C., its general
partner,
by
/s/ JOHN A. MOORE
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Name: John A. Moore
Title: Principal
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LFSRI II-CADIM ALTERNATIVE PARTNERSHIP
L.P.
by Lazard Freres Real Estate
Investors L.L.C., its general
partner,
by
/s/ JOHN A. MOORE
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Name: John A. Moore
Title: Principal
LAZARD FRERES REAL ESTATE INVESTORS
L.L.C.
by
/s/ JOHN A. MOORE
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Name: John A. Moore
Title: Principal
Dated September 17, 1998
