================================================================================
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. 11)
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. RAYMOND O. GIETZ, 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>
NOVEMBER 22, 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:\991528\02\L92G02!.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): 43.50%
----------------- ----------------------------------------------- ----------------------------------------------------------------
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: 8,345,069 shares of Common Stock
OWNED BY
-------- --------------------------------------------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: - 0 -
REPORTING
-------- --------------------------------------------- -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 8,345,069 shares of Common Stock
----------------- ----------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 8,345,069 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): 45.83%
----------------- ----------------------------------------------- ----------------------------------------------------------------
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): 43.50%
----------------- ----------------------------------------------- ----------------------------------------------------------------
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 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): 43.50%
----------------- ----------------------------------------------- ----------------------------------------------------------------
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: 8,345,069 shares of Common Stock
OWNED BY
------ ----------------------------------------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: - 0 -
REPORTING
------ ----------------------------------------- -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 8,345,069 shares of Common Stock
----------------- ----------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 8,345,069 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): 45.83%
----------------- ----------------------------------------------- ----------------------------------------------------------------
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: 8,345,069 shares of Common Stock
OWNED BY
------ ----------------------------------------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: - 0 -
REPORTING
------ ----------------------------------------- -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 8,345,069 shares of Common Stock
----------------- ----------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 8,345,069 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): 45.83%
----------------- ----------------------------------------------- ----------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
----------------- ----------------------------------------------- ----------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT!
7
<PAGE>
----------------------------------------------------------------- -------------------------------------------------
CUSIP NO. 00204C107 13D Page 8
----------------------------------------------------------------- -------------------------------------------------
----------------- ----------------------------------------------- ----------------------------------------------------------------
1 NAME OF REPORTING PERSON: LFSRI II 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: New York
------------------------------- ------ ----------------------------------------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: - 0 -
SHARES
------ ----------------------------------------- -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 750,000 shares of Common Stock
OWNED BY
------ ----------------------------------------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: - 0 -
REPORTING
------ ----------------------------------------- -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 750,000 shares of Common Stock
----------------- ----------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 750,000 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): 4.118%
----------------- ----------------------------------------------- ----------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
----------------- ----------------------------------------------- ----------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT!
</TABLE>
8
<PAGE>
This Amendment No. 11 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"), LFSRI II Alternative Partnership L.P., a Delaware limited
partnership ("LFSRI II AP"), LFSRI II-CADIM Alternative Partnership L.P., a
Delaware limited partnersip ("LFSRI CADIM"), Lazard Freres Real Estate Investors
L.L.C., a New York limited liability company ("LFREI"), Lazard Freres & Co. LLC,
a New York limited liability company ("Lazard") and LFSRI II Assisted Living
LLC, a Delaware limited liability company ("LFSRI II AL", and together with
Prometheus, LFSRI, LFSRI II AP, LFSRI CADIM , LFREI and Lazard, 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).
The information set forth in Amendment No. 10 the Initial
Schedule 13D regarding Lazard and persons who may be deemed to be in control of
Lazard hereby is amended and supplemented as follows:
On a day-to-day basis, Lazard is run by a management
committee. The name, business address, principal occupation or employment, and
citizenship of each of the members of the management committee of Lazard are set
forth on Schedule 1 hereto and are incorporated by reference herein. Lazard is
wholly-owned by Lazard LLC, a Delaware limited liability company ("LLLC") and
therefore LLLC may be viewed as controlling Lazard. LLLC is a holding company.
The Lazard Board of LLLC and the Executive Committee of Lazard Strategic
Coordination Company LLC ("LSCC"), a Delaware limited liability company which is
wholly-owned by LLLC, control LLLC. LSCC manages LLLC. The name, business
address, principal occupation or employment and citizenship of the members of
the Lazard Board of LLLC and the Executive Committee of LSCC are set forth on
Schedules 2 and 3, respectively, attached hereto and are incorporated by
reference herein. The principal business office of LLLC is 3711 Kennett Pike,
Suite 120, P.O. Box 4649, Greenville, DE 19807-4649 and the principal business
office of LSCC is c/o Corporation Trust, 1209 Orange Street, Wilmington, DE
19806. Lazard, on behalf of LLLC and LSCC, disclaims any beneficial ownership
such entities may be deemed to have of any of the shares of Common Stock
reported in this statement.
Since the filing of Amendment No. 10 to the Initial
Schedule 13D, Robert S. Underhill has become an executive officer of LFREI. Mr.
Underhill's business address is Lazard Freres Real Estate Investors L.L.C., 30
Rockefeller Plaza, New York, N.Y. 10020 and his principal occupation is as a
principal of LFREI. Mr. Underhill is a citizen of the United States.
(d) and (e). During the last five years, to the best
knowledge of the Reporting Persons, none of the individuals listed on Schedules
1, 2 or 3 of this Amendment or Mr. Underhill has been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors) nor has any
such person 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
9
<PAGE>
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.
----------------------
As disclosed in Amendment No. 10 to the Initial Schedule
13D, in connection with the execution of the Loan Agreement between the Company
and LFSRI II AL, the Company issued the Warrant to LFSRI II AL, entitling it to
purchase, subject to certain terms and conditions, not more than 750,000 shares
of the Company's Common Stock at a per share exercise price of $3, subject to
adjustment. The Warrant provides that in the event that the Company does not
borrow an aggregate of $10,000,000 under the Loan Agreement, the number of
shares of Common Stock for which the Warrant will be exercisable will, at any
time, be equal to (x) 75,000 shares of Common Stock, as such number may be
adjusted pursuant to the Warrant, multiplied by (y) the aggregate amount of
borrowings made under the Loan Agreement at such time divided by $1,000,000. As
a result of a borrowings by the Company under the Loan Agreement on May 9, 2000
and November 22, 2000, the Warrant became exercisable for an additional 375,000
shares of Common Stock of the Company. As of the date of this Amendment, the
Warrant is exercisable for the entire 750,000 shares of the Company's Common
Stock covered thereby.
Item 5. Interest in Securities of the Issuer.
------------------------------------
(a) As of December 12, 2000, Prometheus beneficially owned
7,595,069 shares of Common Stock, such ownership representing 43.50% of the
issued and outstanding Common Stock based upon 17,459,689 shares of Common Stock
issued and outstanding as of November 8, 2000 as reported by the Company in its
Quarterly Report on Form 10-Q for the quarter ended September 30, 2000. As of
such date, LFSRI II AL beneficially owned 750,000 shares of Common Stock (or
4.1% of the issued and outstanding shares, including the shares that presently
are subject to purchase under the Warrant) by reason of its ownership rights in,
and the exercisability of, the Warrant. The other Reporting Persons have no
ownership interest in the shares of Common Stock beyond their respective direct
and indirect interests in Prometheus and LFSRI II AL.
(b) By reason of their status as managing members of
Prometheus, LFSRI, LFSRI II AP and LFSRI CADIM are reported as each sharing with
Prometheus the power to vote or to direct the vote and dispose or direct the
disposition of the shares of Common Stock beneficially owned by Prometheus. By
reason of LFREI's control of each of the managing members and Lazard's control
of LFREI, LFREI and Lazard also are reported as sharing the power to vote or to
direct the vote and dispose or direct the disposition of such shares. By reason
of its status as managing member of LFSRI II AL, LFSRI is reported as sharing
with LFSRI II AL the power to vote or to direct the vote and dispose or direct
the disposition of the shares beneficially owned by LFSRI II AL. By reason of
LFREI's control of LFSRI and Lazard's control of LFREI, LFREI and Lazard also
are reported as sharing the power to vote or to direct the vote and dispose or
direct the disposition of such shares. Notwithstanding the foregoing, Lazard
continues to disclaim any beneficial ownership of any of the shares of Common
Stock reported in this Amendment.
10
<PAGE>
(c) Neither the Reporting Persons nor, to the knowledge of
the Reporting Persons, any of the other persons named in Item 2 in the Initial
Schedule 13D, have acquired or disposed of any shares of Common Stock since the
filing of the last amendment to the Initial Schedule 13D, other than pursuant to
the exercisability provisions of the Warrant as described in Item 4 of this
Amendment.
(d) - (e) Not applicable.
11
<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: December 13, 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
12
<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
LFSRI II 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
13
<PAGE>
SCHEDULE 1
Set forth below are the names of each of the members of the
management committee of Lazard Freres & Co. LLC. Except as otherwise indicated,
the principal occupation of each such person is managing director 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.
<TABLE>
<CAPTION>
Business Address and
Principal Occupation
Name (if other than as indicated above) Citizenship
---- ---------------------------------- -----------
<S> <C> <C>
Michel A. David-Weill Chairman of Lazard LLC and Lazard Freres & Co. LLC France
Norman Eig
Steven J. Golub
Herbert W. Gullquist
Melvin L. Heineman
Kenneth M. Jacobs
William R. Loomis, Jr. Chief Executive Officer of Lazard Freres & Co. LLC and
Lazard LLC
David L. Tashjian
</TABLE>
14
<PAGE>
SCHEDULE 2
Lazard Board of Lazard LLC
Set forth below are the members of the Lazard Board of
Lazard LLC, their business address, principal occupation and citizenship:
<TABLE>
<CAPTION>
Principal Occupation
Name and Business Address Citizenship
---- -------------------- -----------
<S> <C> <C>
Michel A. David-Weill Chairman of Lazard LLC and France
Lazard Freres & Co. LLC
Lazard Freres & Co. LLC
30 Rockefeller Plaza
New York, NY 10020, USA
Antoine Bernheim Investor France
Chairman of Assicurazioni Generali S.p.A.
Lazard Freres S.A.S.
121 Boulevard Haussmann
75382 Paris Cedex 08 France
Francois Voss Managing Director of Lazard Freres S.A.S.France
Lazard Freres S.A.S.
121 Boulevard Haussmann
75382 Paris Cedex 08 France
Didier Pfeiffer President du Conseil de Surveillance France
Fonds de Garantie des Assurances
de Personnes
30-32 rue de Taitbout
75311 Paris Cedex 09 France
Alain Merieux President Directeur General (CEO) France
BioMerieux S.A. and BioMerieux Alliance
69280 Marcy L'Etoile
France
Jean Guyot Investor France
Lazard Freres S.A.S.
121 Boulevard Haussmann
75382 Paris Cedex 08France
15
<PAGE>
Principal Occupation
Name and Business Address Citizenship
---- -------------------- -----------
Bruno M. Roger Managing Director of Lazard Freres S.A.S. France
Lazard Freres S.A.S.
121 Boulevard Haussmann
75382 Paris Cedex 08 France
William R. Loomis, Jr. Chief Executive Officer and USA
Managing Director of
Lazard Freres & Co. LLC and
Chief Executive Officer of Lazard LLC
Lazard Freres & Co. LLC
30 Rockefeller Plaza
New York, NY 10020
David J. Verey Chairman, Chief Executive, Managing United Kingdom
Director and Executive Director of
Lazard Brothers & Co., Limited
Lazard Brothers & Co., Limited
21 Moorfields
London EC2P 2HT
United Kingdom
Gerardo Braggiotti Managing Director of Lazard Freres Italy
S.A.S. and Lazard Freres & Co. LLC
Lazard Freres S.A.S.
121 Boulevard Haussmann
75382 Paris Cedex 08 France
</TABLE>
16
<PAGE>
SCHEDULE 3
Executive Committee of Lazard Strategic Coordination Company LLC
Set forth below are the members of the Executive Committee
of Lazard Strategic Coordination Company LLC, their business address, principal
occupation and citizenship:
<TABLE>
<CAPTION>
Principal Occupation
Name and Business Address Citizenship
---- -------------------- -----------
<S> <C> <C>
Michel A. David-Weill Chairman of Lazard LLC and France
Lazard Freres & Co. LLC
Lazard Freres & Co. LLC
30 Rockefeller Plaza
New York, NY 10020, USA
Gerardo Braggiotti Managing Director of Lazard Freres S.A.S. Italy
and Lazard Freres & Co. LLC
Lazard Freres S.A.S.
121 Boulevard Haussmann
75382 Paris Cedex 08 France
Norman Eig Managing Director USA
of Lazard Freres & Co. LLC
Lazard Freres & Co. LLC
30 Rockefeller Plaza
New York, NY 10020
Kenneth M. Jacobs Managing Director USA
of Lazard Freres & Co. LLC
Lazard Freres & Co. LLC
30 Rockefeller Plaza
New York, NY 10020
William R. Loomis, Jr. Chief Executive Officer and USA
Managing Director of
Lazard Freres & Co. LLC and
Chief Executive Officer of Lazard LLC
Lazard Freres & Co. LLC
30 Rockefeller Plaza
New York, NY 10020
Bruno M. Roger Managing Director of Lazard Freres S.A.S. France
Lazard Freres S.A.S.
121 Boulevard Haussmann
75382 Paris Cedex 08 France
17
<PAGE>
Principal Occupation
Name and Business Address Citizenship
---- -------------------- -----------
<S> <C> <C>
David J. Verey Chairman, Chief Executive, Managing United Kingdom
Director and Executive Director of
Lazard Brothers & Co., Limited
Lazard Brothers & Co., Limited
21 Moorfields
London EC2P 2HT
United Kingdom
</TABLE>
18
