SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE TO/A
TENDER OFFER STATEMENT PURSUANT TO SECTION 14(d)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
AMENDMENT NO. 2
(NAME OF SUBJECT COMPANY)
CAPITAL REALTY INVESTORS III LIMITED PARTNERSHIP
A MARYLAND LIMITED PARTNERSHIP
AT $100.00 NET PER UNIT
BY
EQUITY RESOURCE LEXINGTON FUND LIMITED PARTNERSHIP,
A MASSACHUSETTS LIMITED PARTNERSHIP
EQUITY RESOURCES GROUP, INC.,
A MASSACHUSETTS CORPORATION
EGGERT DAGBJARTSSON,
AN INDIVIDUAL
LIMITED PARTNERSHIP UNITS
Eggert Dagbjartsson, Executive Vice President
Equity Resources Group, Inc.
14 Story Street
Cambridge, MA 02138
(617) 876-4800
CALCULATION OF FILING FEE
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TRANSACTION VALUATION* AMOUNT OF FILING FEE
$1,200,000 $240.00
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* FOR PURPOSES OF CALCULATING THE FILING FEE ONLY. THIS CALCULATION
ASSUMES THE PURCHASE OF 12,000 UNITS AT A PURCHASE PRICE OF $100 PER
UNIT IN THE PARTNERSHIP.
/X/ CHECK BOX IF ANY PART OF THE FEE IS OFFSET AS PROVIDED BY RULE
0-11(a)(2) AND IDENTIFY THE FILING WITH WHICH THE OFFSETTING FEE WAS
PREVIOUSLY PAID. IDENTIFY THE PREVIOUS FILING BY REGISTRATION STATEMENT
NUMBER, OR THE FORM OR SCHEDULE AND THE DATE OF ITS FILING.
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AMOUNT PREVIOUSLY PAID: $240.00 FILING EQUITY RESOURCE
FORM OF REGISTRATION NO.: SCHEDULE TO PARTY: LEXINGTON FUND
LIMITED
PARTNERSHIP
NOT APPLICABLE
DATE FILED: MAY 10, 2001
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AMENDMENT NO. 2
This Amendment No. 2 amends and supplements the Tender Offer Statement
on Schedule TO originally filed with the Securities and Exchange Commission on
May 10, 2001 (the "Schedule TO") by Equity Resources Lexington Fund Limited
Partnership, a Massachusetts limited partnership, Equity Resources Group, Inc.,
a Massachusetts corporation, and Eggert Dagbjartsson, an individual (together,
the "Purchaser") to purchase 12,000 units (the "Units") of limited partnership
interests in Capital Realty Investors III Limited Partnership, a Maryland
limited partnership (the "Partnership"), at $100.00 for each Unit, net to the
seller in cash, without interest, less the amount of any distributions declared
or paid from any source by the Partnership with respect to the Units after May
11, 2001 (without regard to the record date), upon the terms and subject to the
conditions set forth in this Offer to Purchase (the "Offer to Purchase") and in
the Agreement of Sale, as each may be supplemented or amended from time to time
(which together constitute the "Offer"), and less the $100.00 transfer fee
charged by the general partner of the Partnership. The information contained in
the Offer to Purchase is incorporated herein by reference. Capitalized terms
used and not defined herein shall have the meanings ascribed to such terms in
the Offer to Purchase.
ITEMS 1 AND 8
Items 1 and 8 of the Schedule TO, which incorporate by reference the
information contained in the Offer to Purchase, are hereby amended as follows:
ITEM 1--SUMMARY TERM SHEET
The second paragraph of the fifteenth question of the Summary Term
Sheet is amended in its entirety to read as follows:
"The Purchaser and its affiliates have purchased 953 Units in
the Partnership during the past twelve months at a price of
$40.00 per Unit. In addition, the Purchaser has entered into
binding and unconditional agreements prior to the public
announcement of the offer to purchase an aggregate of 45 units
in the Partnership at a purchase price of $60.00 per unit."
See "THE OFFER--Price Range of Units and Distributions."
ITEM 8--INTEREST IN SECURITIES OF THE SUBJECT COMPANY
The second paragraph of Section 7A--"Price Range of Units and
Distributions" is amended in its entirety as follows:
"The Purchaser and its affiliates have purchased 953 Units in
the Partnership during the past twelve months at a price of
$40.00 per Unit. In addition, on April 20, 2001, prior to the
public announcement of the Offer, the Purchaser entered into a
binding and unconditional agreement to purchase from Loren D.
and Barbara C. Smith, Limited Partners, an aggregate of 10
Units at a purchase price of $60.00 per Unit. On April 23,
2001, prior to the public announcement of the Offer, the
Purchaser entered into a binding and unconditional agreement
to purchase from Merrill E. and Effie W. Parker, Limited
Partners, an aggregate of 10 Units at a purchase price of
$60.00 per unit. On May 3, 2001, prior to the public
announcement of the Offer, the Purchaser entered into a
binding and unconditional agreement to purchase from Ann
McQuade, a Limited Partner, 25 Units at a purchase price of
$60.00 per unit. These transactions were privately negotiated
purchases and sales. All of these transactions are currently
pending. Finally, notwithstanding the proposed $60.00 purchase
price agreed to by these Limited Partners and the Purchaser,
the Purchaser has agreed to pay these Limited Partners the
same price as the Offer Price, or $100.00 per unit."
SIGNATURES
After due 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: June __, 2001 Equity Resource Lexington Fund Limited Partnership,
a Massachusetts limited partnership
By: /s/ Eggert Dagbjartsson
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Eggert Dagbjartsson
General Partner
Equity Resources Group, Inc.
A Massachusetts Corporation
By: /s/ Eggert Dagbjartsson
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Eggert Dagbjartsson
Executive Vice President
Eggert Dagbjartsson
By: /s/ Eggert Dagbjartsson
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Eggert Dagbjartsson
Eggert Dagbjartsson
EXHIBIT INDEX
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EXHIBIT NO. DESCRIPTION
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(a)(1) - Offer to Purchase, dated May 11, 2001*
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(a)(2) - Transmittal letter, dated May 11, 2001*
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(a)(3) - Agreement of Sale*
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(a)(4) Summary Advertisement*
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(a)(5)-- Not applicable.
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(b) - Not applicable.
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(c) - Not applicable.
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(d)(1)- Not applicable.
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(e) - Not applicable.
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(f) - Not applicable.
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(g) Not applicable
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(h) Not applicable.
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* Previously filed