================================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
(AMENDMENT NO. 9)
ARV ASSISTED LIVING, INC.
-------------------------
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.01 PER SHARE 00204C107
- --------------------------------------------------------------------------------
(Title of class of securities) (CUSIP number)
<TABLE>
<S> <C>
MARJORIE L. REIFENBERG, ESQ. ROBERT L. MESSINEO, ESQ.
LAZARD FRERES REAL ESTATE INVESTORS L.L.C. WEIL, GOTSHAL & MANGES LLP
30 ROCKEFELLER PLAZA 767 FIFTH AVENUE
NEW YORK, NEW YORK 10020 NEW YORK, NEW YORK 10153
(212) 632-6000 (212) 310-8000
- -----------------------------------------------------------------------------------------------
(Name, address and telephone number of person authorized to receive notices and communications)
</TABLE>
FEBRUARY 14, 2000
- --------------------------------------------------------------------------------
(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 that is the subject of this Schedule 13D, and is filing this
schedule because of Rules 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box [_].
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 (b) for other
parties to whom copies are sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Continued on following pages
Page 1 of 18 pages
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NY2:\878362\01\$TQY01!.DOC\58120.0003
<PAGE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------------- -------------------------------------------------
CUSIP NO. 00204C107 13D Page 2
- ----------------------------------------------------------------- -------------------------------------------------
- ----------------- ----------------------------------------------- ----------------------------------------------------------------
<S> <C>
1 NAME OF REPORTING PERSON: Prometheus Assisted Living LLC
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
- ----------------- ----------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
- ----------------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------------- -------------------------- -------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: OO
- ----------------- ----------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ----------------- -------------------------------------------------------------- -------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
- --------------------------- ------ --------------------------------------------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: - 0 -
SHARES
------ --------------------------------------------- -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 7,595,069 shares of Common Stock
OWNED BY
------ --------------------------------------------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: - 0 -
REPORTING
------ --------------------------------------------- -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 7,595,069 shares of Common Stock
- ----------------- ----------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 7,595,069 shares of Common Stock
- ----------------- ----------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [X]
- ----------------- ----------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 47.85% based on the number of shares of Common
Stock outstanding on October 22,
1999
- ----------------- ----------------------------------------------- ----------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
- ----------------- ----------------------------------------------- ----------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT!
- ----------------------------------------------------------------- -------------------------------------------------
2
<PAGE>
- ----------------------------------------------------------------- -------------------------------------------------
CUSIP NO. 00204C107 13D Page 3
- ----------------------------------------------------------------- -------------------------------------------------
- ----------------- ----------------------------------------------- ----------------------------------------------------------------
1 NAME OF REPORTING PERSON: LF Strategic Realty Investors II L.P.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
- ----------------- ----------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
- ----------------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------------- -------------------------- -------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: OO,
BK
- ----------------- ----------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ----------------- -------------------------------------------------------------- -------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
- ------------------------- -------- --------------------------------------------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: - 0 -
SHARES
-------- --------------------------------------------- -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 7,595,069 shares of Common Stock
OWNED BY
-------- --------------------------------------------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: - 0 -
REPORTING
-------- --------------------------------------------- -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 7,595,069 shares of Common Stock
- ----------------- ----------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 7,595,069 shares of Common Stock
- ----------------- ----------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
- ----------------- ----------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 47.85% based on the number of shares of Common
Stock outstanding on October 22,
1999
- ----------------- ----------------------------------------------- ----------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
- ----------------- ----------------------------------------------- ----------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT!
- ----------------------------------------------------------------- -------------------------------------------------
3
<PAGE>
- ----------------------------------------------------------------- -------------------------------------------------
CUSIP NO. 00204C107 13D Page 4
- ----------------------------------------------------------------- -------------------------------------------------
- ----------------- ----------------------------------------------- ----------------------------------------------------------------
1 NAME OF REPORTING PERSON: LFSRI II Alternative Partnership L.P.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
- ----------------- ----------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
- ----------------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------------- -------------------------- -------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: OO, BK
- ----------------- ----------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ----------------- -------------------------------------------------------------- -------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
- --------------------------- ------ --------------------------------------------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: - 0 -
SHARES
------ --------------------------------------------- -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 7,595,069 shares of Common Stock
OWNED BY
------ --------------------------------------------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: - 0 -
REPORTING
------ --------------------------------------------- -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 7,595,069 shares of Common Stock
- ----------------- ----------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 7,595,069 shares of Common Stock
- ----------------- ----------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
- ----------------- ----------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 47.85% based on the number of shares of Common
Stock outstanding on October 22,
1999
- ----------------- ----------------------------------------------- ----------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
- ----------------- ----------------------------------------------- ----------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT!
- ----------------------------------------------------------------- ----------------------------------------------
4
<PAGE>
- ----------------------------------------------------------------- -------------------------------------------------
CUSIP NO. 00204C107 13D Page 5
- ----------------------------------------------------------------- -------------------------------------------------
- ----------------- ----------------------------------------------- ----------------------------------------------------------------
1 NAME OF REPORTING PERSON: LFSRI II - CADIM Alternative Partnership
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
- ----------------- ----------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
- ----------------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------------- -------------------------- -------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: OO,
BK
- ----------------- ----------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ----------------- ----------------------------------------------------------------- ----------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
- ------------------------------- -------- ------------------------------------------ ----------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: - 0 -
SHARES
-------- ------------------------------------------ ----------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 7,595,069 shares of Common Stock
OWNED BY
-------- ------------------------------------------ ----------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: - 0 -
REPORTING
-------- ------------------------------------------ ----------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 7,595,069 shares of Common Stock
- ----------------- ----------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 7,595,069 shares of Common Stock
- ----------------- ----------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
- ----------------- ----------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 47.85% based on the number of shares of Common
Stock outstanding on October 22,
1999
- ----------------- ----------------------------------------------- ----------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
- ----------------- ----------------------------------------------- ----------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT!
- ----------------------------------------------------------------- -------------------------------------------------
5
<PAGE>
- ----------------------------------------------------------------- -------------------------------------------------
CUSIP NO. 00204C107 13D Page 6
- ----------------------------------------------------------------- -------------------------------------------------
- ----------------- ----------------------------------------------- ----------------------------------------------------------------
1 NAME OF REPORTING PERSON: Lazard Freres Real Estate Investors L.L.C.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
- ----------------- ----------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
- ----------------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------------- -------------------------- -------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: OO,
BK
- ----------------- ----------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ----------------- -------------------------------------------------------------- -------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: New York
- ------------------------------- ------ ----------------------------------------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: - 0 -
SHARES
------ ----------------------------------------- -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 7,595,096 shares of Common Stock
OWNED BY
------ ----------------------------------------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: - 0 -
REPORTING
------ ----------------------------------------- -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 7,595,096 shares of Common Stock
- ----------------- ----------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 7,595,096 shares of Common Stock
- ----------------- ----------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
- ----------------- ----------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 47.85% based on the number of shares of Common
Stock outstanding on October 22,
1999
- ----------------- ----------------------------------------------- ----------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
- ----------------- ----------------------------------------------- ----------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT!
- ----------------------------------------------------------------- -------------------------------------------------
6
<PAGE>
- ----------------------------------------------------------------- -------------------------------------------------
CUSIP NO. 00204C107 13D Page 7
- ----------------------------------------------------------------- -------------------------------------------------
- ----------------- ----------------------------------------------- ----------------------------------------------------------------
1 NAME OF REPORTING PERSON: Lazard Freres & Co. LLC
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
- ----------------- ----------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
- ----------------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------------- -------------------------- -------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: OO,
BK
- ----------------- ----------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ----------------- -------------------------------------------------------------- -------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: New York
- ------------------------------- ------ ----------------------------------------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: - 0 -
SHARES
------ ----------------------------------------- -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 7,595,096 shares of Common Stock
OWNED BY
------ ----------------------------------------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: - 0 -
REPORTING
------ ----------------------------------------- -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 7,595,096 shares of Common Stock
- ----------------- ----------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 7,595,096 shares of Common Stock
- ----------------- ----------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
- ----------------- ----------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 47.85% based on the number of shares of Common
Stock outstanding on October 22,
1999
- ----------------- ----------------------------------------------- ----------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
- ----------------- ----------------------------------------------- ----------------------------------------------------------------
</TABLE>
SEE INSTRUCTIONS BEFORE FILLING OUT!
7
<PAGE>
This Amendment No. 9 to Schedule 13D (the "Amendment") is
filed by Prometheus Assisted Living LLC, a Delaware limited liability company
("Prometheus"), LF Strategic Realty Investors II L.P., a Delaware limited
partnership ("LFSRI"), LRSRI II Alternative Partnership L.P., a Delaware limited
partnership ("LFSRI II AP"), LFSRI II-CADIM Alternative Partnership, a Delaware
limited partnersip ("LFSRI CADIM"), Lazard Freres Real Estate Investors L.L.C.,
a New York limited liability company ("LFREI") and Lazard Freres & Co. LLC, a
New York limited liability company ("Lazard", and together with Prometheus,
LFSRI, LFSRI II AP, LFSRI CADIM and LFREI, the "Reporting Persons"). Capitalized
terms used herein but not defined shall have the meanings ascribed thereto in
the Schedule 13D, as amended, originally filed by Prometheus and LFREI on July
23, 1997 (as amended, the "Initial Schedule 13D"). The Initial Schedule 13D is
hereby amended as follows:
Item 2. Identity and Background.
(a), (b), (c) and (f). Lazard joins the other Reporting
Persons in filing this Statement. Lazard disclaims any beneficial ownership of
any of the shares of Common Stock reported in this Statement. The principal
business office of Lazard is 30 Rockefeller Plaza, New York, New York 10020.
Lazard, a New York limited liability company, is the managing member of LFREI.
Lazard's activities consist principally of financial advisory services. The
name, business address, principal occupation or employment and citizenship of
the persons that could be viewed as controlling Lazard are set forth on Schedule
1 hereto and are incorporated by reference herein.
The name, business address, principal occupation or
employment and citizenship of the executive officers of LFREI, are set forth on
Schedule II hereto and incorporated by reference herein.
(d) and (e). During the last five years, neither Lazard
nor, to the best knowledge of Lazard, any of the persons listed on Schedule 1
(i) has been convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors) nor (ii) has been a party to any civil proceeding of a
judicial or administrative body of competent jurisdiction, and is or was, as a
result of such proceeding, subject to a judgment, decree or final order
enjoining future violations or, or prohibiting or mandating activities subject
to, federal or state securities laws, or finding any violation with respect to
such laws.
Item 4. Purpose of Transaction.
On February 14, 2000, Prometheus notified the Company that
it was nominating Jeffrey Koblentz, a Vice President of LFREI, to serve as a
Class A member of the Company's Board of Directors. Mr. Koblentz was nominated
for election as a Company director by Prometheus pursuant to the terms of the
Settlement Agreement among the Reporting Persons (other than Lazard), Atria
Communities, Inc., Kapson Senior Quarters Corp. and the Company described in
Amendment No. 8 to the Schedule 13D (the "Settlement Agreement"). Pursuant to
the terms of such Settlement Agreement, the Company is required to take all
lawful action necessary to appoint Mr. Koblentz to the Company's Board of
Directors as promptly as practicable following Prometheus' exercise of its
nomination right. Following Mr. Koblentz' election, Prometheus' nominees will
constitute two of the Company's five directors.
8
<PAGE>
From time to time the Reporting Persons review their
investment in the Company and the desirability of continuing to hold or to
dispose of all or part of it or of acquiring an additional interest in the
Company. In this regard, the Reporting Persons regularly review the Company's
operating performance, financial condition and business prospects. Among the
matters regularly under review are alternatives available to the Company to fund
the Company's recurring working capital requirements and strategies to improve
the Company's financial condition and ratios. From time to time the Reporting
Persons discuss these subjects with senior management and other representatives
of the Company. The Reporting Persons generally are supportive of the Company's
Board of Directors and management and the strategies they are pursuing for the
Company's business.
As part of the review and discussions referred to in the
preceding paragraph, the Reporting Persons may from time to time explore
with the Company and others the feasibility and desirability of a range of
activities, some of which could involve the participation of one or more of the
Reporting Persons and/or their affiliates. Possible activities in which the
Reporting Persons or their affiliates may participate that the Reporting Persons
are prepared to consider presently include transactions between the Company and
the Reporting Persons or affiliates thereof, including asset sales, exchanges or
similar transactions between the Reporting Persons or their affiliates and the
Company designed to rationalize property portfolios, attain other operating
benefits or achieve similar efficiencies. Other possible transactions include
loan or investment transactions, intended to assist the Company in meeting its
working capital needs, to help the Company restructure its obligations and/or to
maintain stability in its financial situation. Also, depending upon existing
market conditions and other considerations relevant at the time, and, subject to
the terms of the Settlement Agreement, the Reporting Persons may consider
acquiring or disposing of Company securities in open market transactions,
privately negotiated transactions or otherwise. Although the Reporting Persons
are not currently in discussions with the Company concerning any such
transaction, the Reporting Persons are prepared to hold such discussions. There
is no assurance, however, that any such transaction will be discussed or, if
discussed, any proposal will be developed or considered feasible or attractive
by the Reporting Persons or the Company or that the Reporting Persons'
intentions will not change in light of such events or developments in industry
or market conditions.
Although the foregoing represents the range of activities
presently contemplated by the Reporting Persons with respect to the Company and
the Common Stock, it should be noted that the possible activities of the
Reporting Persons are subject to change at any time.
Item 7. Material to be Filed as Exhibits.
Exhibit 1 Joint Filing Agreement
9
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in this statement is
true, complete and correct.
Dated: February 14, 2000
PROMETHEUS ASSISTED LIVING LLC
By LF Strategic Realty Investors II L.P.,
its managing member,
by Lazard Freres Real Estate
Investors L.L.C.,
its general partner,
by /s/John A Moore
-----------------------
Name: John A. Moore
Title: Principal & Chief
Financial Officer
LF STRATEGIC REALTY INVESTORS II L.P.
By Lazard Freres Real Estate Investors
L.L.C., its general partner,
by /s/John A. Moore
-------------------------
Name: John A. Moore
Title: Principal & Chief
Financial Officer
LFSRI II ALTERNATIVE PARTNERSHIP L.P.
By Lazard Freres Real Estate Investors
L.L.C., its general partner,
by /s/John A. Moore
------------------------
Name: John A. Moore
Title: Principal & Chief
Financial Officer
10
<PAGE>
LFSRI II-CADIM ALTERNATIVE PARTNERSHIP L.P.
By Lazard Freres Real Estate Investors
L.L.C., its general partner,
by /s/John A. Moore
--------------------------
Name: John A. Moore
Title: Principal & Chief
Financial Officer
LAZARD FRERES REAL ESTATE
INVESTORS L.L.C.
by /s/John A. Moore
--------------------------
Name: John A. Moore
Title: Principal & Chief
Financial Officer
LAZARD FRERES & CO. LLC
by /s/Scott D. Hoffman
---------------------------
Name: Scott D. Hoffman
Title: Managing Director
11
<PAGE>
SCHEDULE 1
Set forth below are the names and positions of each person
that could be viewed as controlling Lazard Freres & Co. LLC. Except as otherwise
indicated, the principal occupation of each person controlling Lazard Freres &
Co. LLC is general member of Lazard Freres & Co. LLC, the business address of
each such person is 30 Rockefeller Plaza, New York, New York 10020 and each
person is a citizen of the United States. Lazard Groupement d'Interet
Economique, a partnership organized under French law whose principal business is
investments (including its investment in Lazard Freres & Co. LLC), and Lazard
Partners Limited Partnership, a Delaware limited partnership whose principal
business is serving as a holding company, also serve as general members of
Lazard Freres & Co. LLC.
<TABLE>
<CAPTION>
Business Address and
Principal Occupation
Name of Controlling Person (if other than as indicated above) Citizenship
- -------------------------- ---------------------------------- -----------
<S> <C> <C>
Michel A. David-Weill France
John C. Adams Lazard Freres & Co. LLC
200 West Madison
Suite 2200
Chicago, IL 60606
Eileen D. Alexanderson
William R. Araskog
Robert A. Baer, Jr.
Scott P. Barasch
F. Harlan Batrus
Gerardo Braggiotti Lazard Freres & Cie. Italy
121 Boulevard Haussmann
75382 Paris Cedex 08 France
David Braunschvig
Charles L. Carroll
Allan M. Chapin
Norman Eig
Richard P. Emerson Lazard Freres & Co. LLC
Four Embarcadero Center
Suite 650
San Francisco, CA 94111
12
<PAGE>
Business Address and
Principal Occupation
Name of Controlling Person (if other than as indicated above) Citizenship
- -------------------------- ---------------------------------- -----------
Peter R. Ezersky
Eli H. Fink
Albert H. Garner
James S. Gold
Steven J. Golub
Robert L. Goodman
Pehr G. Gyllenhammer Lazard Brothers & Co., Limited United Kingdom
21 Moorfields
London EC2P 2HT
United Kingdom
Gil H. Ha
Herbert W. Gullquist
Thomas R. Haack
Paul J. Haigney Lazard Freres & Co. LLC
Four Embarcadero Center
Suite 650
San Francisco, CA 94111
Eric S. Hanson
Yasushi Hatakeyama Japan
Melvin L. Heineman
Scott D. Hoffman
Robert E. Hougie United Kingdom
Kenneth M. Jacobs
Vernon E. Jordan, Jr.
James L. Kempner
Lee O. Kraus, Jr.
13
<PAGE>
Business Address and
Principal Occupation
Name of Controlling Person (if other than as indicated above) Citizenship
- -------------------------- ---------------------------------- -----------
Robert C. Larson
William R. Loomis, Jr.
Matthew J. Lustig
Thomas E. Lynch
Gerald B. Mazzari
Mark T. McMaster
Michael G. Medzigian
Richard W. Moore, Jr.
Robert P. Morgenthau
Daniel T. Motulsky
Steven J. Niemczyk
James A. Paduano
Russell E. Planitzer
Steven L. Rattner
John R. Reinsberg
L. Gregory Rice
Barry W. Ridings
Luis E. Rinaldini United Kingdom
Bruno M. Roger Lazard Freres & Cie. France
121 Boulevard Haussmann
75382 Paris Cedex 08 France
Michael S. Rome
Stephen H. Sands
Frank A. Savage
14
<PAGE>
Business Address and
Principal Occupation
Name of Controlling Person (if other than as indicated above) Citizenship
- -------------------------- ---------------------------------- -----------
Patrick Sayer France
Gary S. Shedlin
Joshua L. Steiner
David A. Tanner
David L. Tashjian
J. Mikesell Thomas Lazard Freres & Co. LLC
200 West Madison
Suite 2200
Chicago, IL 60606
Michael P. Triguboff Lazard Asset Management Australia
Pacific Co.
Level 39
Gateway
1 Macquarie Place
Sydney NSW 2000
Australia
Donald A. Wagner
Ali E. Wambold
Michael A. Weinstock
Antonio F. Weiss
Alexander E. Zagoreos
</TABLE>
15
<PAGE>
SCHEDULE II
The following is a list of the principals and executive
officers of LFREI on the date hereof, setting forth the present and principal
occupation for each such person and the corporation or other organization in
which such employment is conducted. The business address of each such person is
30 Rockefeller Plaza, New York, NY 10020. Each such person is a citizen of the
United States.
Robert C. Larson Chairman of LFREI and Managing Director of
Lazard Freres & Co. LLC
Michael G. Medzigian President and Chief Executive Officer of LFREI
and Managing Director of Lazard Freres & Co. LLC
Mark S. Ticotin Principal and Executive Vice President of LFREI
John A. Moore Principal and Chief Financial Officer of
LFREI
Marjorie L. Reifenberg Principal, General Counsel and Secretary of LFREI
Henry C. Herms Controller of LFREI
16
Exhibit 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f) promulgated under the
Securities Exchange Act of 1934, am amended, the undersigned hereby agree to
the joint filing with all other Reporting Persons (as such term is defined in
the Schedule 13D referred to below) on behalf of each of them of a statement on
Schedule 13D (including amendments thereto) with respect to the shares of Common
Stock, par value $0.01 per share, of ARV Assisted Living, Inc., a Delaware
corporation, and that this Agreement may be included as an Exhibit to such joint
filing. This Agreement may be executed in any number of counterparts, all of
which together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the undersigned hereby execute this
Agreement as of the 14th day of February, 2000.
PROMETHEUS ASSISTED LIVING LLC
By LF Strategic Realty Investors II L.P.,
its managing member,
by Lazard Freres Real Estate
Investors L.L.C.,
its general partner,
by /s/John A. Moore
--------------------------
Name: John A. Moore
Title: Principal & Chief
Financial Officer
LF STRATEGIC REALTY INVESTORS II L.P.
By Lazard Freres Real Estate Investors
L.L.C., its general partner,
by /s/John A. Moore
----------------------------
Name: John A. Moore
Title: Principal & Chief
Financial Officer
17
<PAGE>
LFSRI II ALTERNATIVE PARTNERSHIP L.P.
By Lazard Freres Real Estate Investors
L.L.C., its general partner,
by /s/John A. Moore
----------------------------
Name: John A. Moore
Title: Principal & Chief
Financial Officer
LFSRI II-CADIM ALTERNATIVE PARTNERSHIP L.P.
By Lazard Freres Real Estate Investors
L.L.C., its general partner,
by /s/John A. Moore
----------------------------
Name: John A. Moore
Title: Principal & Chief
Financial Officer
LAZARD FRERES REAL ESTATE
INVESTORS L.L.C.
by /s/John A. Moore
----------------------------
Name: John A. Moore
Title: Principal & Chief
Financial Officer
LAZARD FRERES & CO. LLC
by /s/Scott D. Hoffman
---------------------------
Name: Scott D. Hoffman
Title: Managing Director
18
