1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)
United Dominion Realty Trust, Inc.
------------------------------------
(Name of Issuer)
Common Stock, Par Value $1.00 Per Share
-----------------------------------------
(Title of Class of Securities)
910197102
-----------
(CUSIP Number)
Marjorie L. Reifenberg, Esq. With a copy to:
Lazard Freres Real Estate Investors
L.L.C. Frederick Tanne, Esq.
30 Rockefeller Plaza Kirkland & Ellis
New York, NY 10020 153 East 53rd Street
(212) 632-6000 New York, New York 10022
(212) 446-4800
---------------------------------------------
(Name, Address and Telephone Number of Persons
Authorized to Receive Notices and Communications)
August 20, 2001
-------------------------------------------------------
(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(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 to be sent.
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 or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act.
2
SCHEDULE 13D
CUSIP No. 910197102 Page 2 of 13 Pages
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1 NAME OF REPORTING PERSON
LF Strategic Realty Investors L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable
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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
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7 SOLE VOTING POWER
NUMBER OF
0
SHARES ------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
0 (See Item 5)
OWNED BY
------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (See Item 5)
--------------------------------------------------------------------------------
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*
PN (limited partnership)
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3
SCHEDULE 13D
CUSIP No. 910197102 Page 3 of 13 Pages
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1 NAME OF REPORTING PERSON
Lazard Freres Real Estate Investors L.L.C.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(D) OR 2(E) [ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0
SHARES ------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
0 (See Item 5)
OWNED BY
------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0 (See Item 5)
------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (See Item 5)
--------------------------------------------------------------------------------
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*
00 (limited liability company)
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4
SCHEDULE 13D
CUSIP No. 910197102 Page 4 of 13 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Lazard Freres & Co. LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(D) OR 2(E) [ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0
SHARES ------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
0 (See Item 5)
OWNED BY
------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0 (See Item 5)
------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (See Item 5)
--------------------------------------------------------------------------------
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*
00 (limited liability company)
--------------------------------------------------------------------------------
5
Page 5 of 13 Pages
This Amendment No. 3, dated August 20, 2001, is filed by LF Strategic
Realty Investors L.P., a Delaware limited partnership ("LF Realty"), Lazard
Freres Real Estate Investors L.L.C., a Ne w York limited liability company
("LFREI"), and Lazard Freres & Co. LLC, a New York limited liability company
("Lazard" and together with LF Realty and LFREI, the "Reporting Persons").
Capitalized terms used herein but not defined shall have the meanings ascribed
thereto in the Schedule 13D dated September 10, 1998, as amended, filed by the
Reporting Persons (as amended, the "Initial Schedule 13D"). This Amendment
hereby amends and supplements the Initial Schedule 13D. All items not described
herein remain as previously reported in the Initial Schedule 13D.
ITEM 2. IDENTITY AND BACKGROUND.
(a), (b), (c) and (f). The information set forth in Amendment No. 2 to
the Initial Schedule 13D regarding Lazard, persons who may be deemed to be in
control of Lazard and the executive officers and directors of LFREI is hereby
amended and supplemented by replacing Schedules 1, 2, 3 and 4 to Amendment No. 2
with Schedules 1, 2, 3 and 4 hereto, which are attached hereto and are
incorporated herein by reference.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Not applicable.
ITEM 4. PURPOSE OF TRANSACTION.
On August 14, 2001, LF Realty entered into a Purchase Agreement (the
"Purchase Agreement") with Security Capital Preferred Growth Incorporated
("SCPGI"), whereby LF Realty agreed to sell to SCPGI the 8,000,000 shares of
Series D Cumulative Convertible Redeemable Preferred Stock (the "Series D
Preferred Stock") that it owned, subject to the satisfaction of certain
conditions. The closing of the sale of the Series D Preferred Stock to SCPGI
occurred on August 20, 2001. The Purchase Agreement is included as Exhibit 1 to
this Amendment No. 3 and is incorporated herein by reference.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
None.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OF RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
Pursuant to the Purchase Agreement, one of the conditions to the
closing of the sale of the Series D Preferred Stock to SCPGI was the execution
by the Company of a Waiver and Release Agreement by and between the Company and
LF Realty (the "Waiver") pursuant to which the Company agreed to waive all
transfer restrictions with respect to the sale of the Series D Preferred Stock
to SCPGI. The Waiver is included as Exhibit 2 to this Amendment No. 3 and is
incorporated herein by reference.
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Page 6 of 13 Pages
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 1 -- Purchase Agreement dated as of August 14, 2001 by and
between Security Capital Preferred Growth Incorporated and
LF Strategic Realty Investors L.P.
Exhibit 2 -- Waiver and Release Agreement dated as of August 14, 2001
by and between United Dominion Realty Trust, Inc. and LF
Strategic Realty Investors L.P.
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Page 7 of 13 Pages
SIGNATURES
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.
LF STRATEGIC REALTY INVESTORS L.P.
By: Lazard Freres Real Estate Investors L.L.C.,
as general partner
By: /s/ John A. Moore
---------------------------------
Name: John A. Moore
Title: Principal and Chief Financial Officer
Date: August 20, 2001
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.
LAZARD FRERES REAL ESTATE INVESTORS
L.L.C.
By: /s/ John A. Moore
------------------------------------
Name: John A. Moore
Title: Principal and Chief Financial Officer
Date: August 20, 2001
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.
LAZARD FRERES & CO. LLC
By: /s/ Scott D. Hoffman
-------------------------------------
Name: Scott D. Hoffman
Title: Managing Director
Date: August 20, 2001
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Page 8 of 13 Pages
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.
Business Address and
Principal Occupation
Name (if other than as indicated above) Citizenship
---- ---------------------------------- -----------
Michel A. David-Weill Chairman of Lazard LLC and France
Lazard Freres & Co. LLC
Norman Eig
Steven J. Golub
Herbert W. Gullquist
Kenneth M. Jacobs
William R. Loomis, Jr. Chief Executive Officer and
Managing Director of Lazard
Freres & Co. LLC and Chief
Executive Officer of Lazard LLC
David L. Tashjian
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Page 9 of 13 Pages
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:
Principal Occupation
Name and Business Address Citizenship
---- -------------------- -----------
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
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 08 France
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Page 10 of 13 Pages
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 USA
and 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
Marcus Agius Chairman and Managing Director of United Kingdom
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., Lazard Freres & Co. LLC and
Lazard Brothers & Co., Limited; Vice
Chairman of Lazard AB Stockholm and
Lazard & C. Srl; Member of Supervisory
Board of Lazard & Co. GmbH; and
Chairman of Lazard Asesores Financieras S.A.
Lazard Freres S.A.S.
121 Boulevard Haussmann
75382 Paris Cedex 08 France
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Page 11 of 13 Pages
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:
Principal Occupation
Name and Business Address Citizenship
---- -------------------- -----------
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
Marcus Agius Chairman and Managing Director of United Kingdom
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., Lazard Freres & Co. LLC and
Lazard Brothers & Co., Limited; Vice
Chairman of Lazard AB Stockholm and
Lazard & C. Srl; Member of Supervisory
Board of Lazard & Co. GmbH; and
Chairman of Lazard Asesores Financieras S.A.
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
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Page 12 of 13 Pages
Principal Occupation
Name and Business Address Citizenship
---- -------------------- -----------
William R. Loomis, Jr. Chief Executive Officer USA
and 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
Georges Ralli Managing Director of Lazard Freres S.A.S. France
Lazard Freres S.A.S.
121 Boulevard Haussmann
75382 Paris Cedex 08 France
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 J. Rucker Managing Director of Lazard Brothers & United Kingdom
Co., Limited
Lazard Brothers & Co., Limited
21 Moorfields
London EC2P 2HT
United Kingdom
David L. Tashjian Managing Director of USA
Lazard Freres & Co. LLC
Lazard Freres & Co. LLC
30 Rockefeller Plaza
New York, New York 10020
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Page 13 of 13 Pages
SCHEDULE 4
Executive Officers of Lazard Freres Real Estate Investors L.L.C.
The business address for each of the following persons is
30 Rockefeller Plaza, New York, NY 10020
Name of Officer Present and Principal Occupation
--------------- --------------------------------
Robert C. Larson Chairman
Michael G. Medzigian President and Chief Executive Officer
Mark S. Ticotin Principal and Executive Vice President
John A. Moore Principal and Chief Financial Officer
Marjorie L. Reifenberg Principal, General Counsel and Secretary
Robert S. Underhill Principal
Henry C. Herms Controller