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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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AMENDMENT NO. 4 TO SCHEDULE 13E-3
Rule 13e-3 Transaction Statement
(Pursuant to Section 13(e) of the Securities Exchange Act of 1934
and Rule 13e-3
(ss. 240.13e-3) Thereunder)
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KRUPP REALTY LIMITED PARTNERSHIP - V
(Name of the Issuer)
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Krupp Realty Limited Partnership - V
KR5 Acquisition, L.L.C.
KRF Company, L.L.C.
The Krupp Family Limited Partnership - 94
The Krupp Corporation
The Krupp Company Limited Partnership - II
Douglas Krupp
George Krupp
(Name of Person(s) Filing Statement)
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Limited Partnership Units
(Title of Class of Securities)
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501128-30-0
(CUSIP Number of Class of Securities)
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Scott D. Spelfogel, Esq.
The Berkshire Group
One Beacon Street
Boston, Massachusetts 02108
(617) 574-8385
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications
on Behalf of Person(s) Filing Statement)
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With copies to:
James M. Dubin, Esq.
Paul, Weiss, Rifkind, Wharton & Garrison
1285 Avenue of the Americas
New York, New York 10019-6064
(212) 373-3000
This Statement is filed in connection with:
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a. [X] The filing of solicitation materials or an information statement subject
to Regulation 14A, Regulation 14C or Rule 13e-3(c) under the Securities
Exchange Act of 1934.
b. [ ] The filing of a registration statement under the Securities Act of 1933.
c. [ ] A tender offer.
d. [ ] None of the above.
Check the following box if the soliciting material or information
statement referred to in checking box (a) are preliminary copies: [ ]
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Calculation of Filing Fee
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Transaction Amount of filing fee
valuation
$37,457,400 $7,491.48*
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* Transaction valuation assumed the purchase of 31,214.5 units Krupp Realty
Limited Partnership - V at $1,200 in cash per Unit. Ultimately, only 31,168.5
Units were purchased. The amount of the filing fee, calculated in accordance
with Regulation 240.0-11 of the Securities Exchange Act of 1934, equals one
fiftieth of one percentum of such transaction value.
[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.
Amount Previously Paid: $7,491.48
Form or Registration No: Schedule 13E-3
Filing Party: KR5 Acquisition, L.L.C.,
KRF Company, L.L.C.,
The Krupp Family Limited Partnership - 94
Date Filed: January 21, 2000
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INTRODUCTION
This Final Amendment to Rule 13e-3 Transaction Statement (this "Final
Amendment") is being jointly filed by each of (1) Krupp Realty Limited
Partnership - V, a Massachusetts limited partnership (the "Partnership"), (2)
KR5 Acquisition, L.L.C., a Delaware limited liability company ("KR5" or the
"Purchaser"), (3) KRF Company, L.L.C., a Delaware limited liability company and
KR5's sole member (the "Parent"), (4) The Krupp Family Limited Partnership - 94,
a Massachusetts limited partnership and the Parent's sole member (the "Family
Partnership"), (5) The Krupp Corporation, a Massachusetts corporation ("Krupp
Corp"), (6) The Krupp Company Limited Partnership - II, a Massachusetts limited
partnership (together with Krupp Corp, the "General Partners"), (7) Douglas
Krupp and (8) George Krupp (collectively, the Partnership, KR5, the Parent, the
Family Partnership, the General Partners, Douglas Krupp and George Krupp, the
"Filing Persons") pursuant to Section 13(e) of
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the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and
Rule 13e-3 thereunder, to amend and supplement the definitive Rule 13e-3
Transaction Statement on Schedule 13E-3, jointly filed by the Filing Persons
with the Securities and Exchange Commission (the "SEC") on January 21, 2000, as
amended and supplemented by Amendment No. 1 thereto filed March 7, 2000,
Amendment No. 2 thereto filed March 20, 2000 and Amendment No. 3 thereto filed
March 23, 2000 (as so amended and supplemented, the "Transaction Statement").
This Final Amendment is being filed with the SEC pursuant to the
requirements of Rule 13e-3(d)(3) promulgated under the Exchange Act, to reflect
the consummation of the transactions contemplated by the Agreement and Plan of
Merger, dated as of April 27, 2000, by and between the Purchaser and the
Partnership (the "Merger Agreement"). Except as expressly set forth in this
Final Amendment, all
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information in the Transaction Statement remains unchanged. Unless otherwise
indicated herein, each capitalized term used but not defined herein shall have
the meaning assigned to such term in the Definitive Proxy Statement filed by the
general partners of the Partnership with the SEC on March 23, 2000 (including
all annexes and exhibits thereto, the "Proxy Statement") or in the Merger
Agreement.
Item 6. Source and Amounts of Funds or Other Consideration
Item 6 is hereby amended and supplemented by adding the following
information:
On April 27, 2000, a subsidiary of the Partnership entered into a
loan agreement ("Loan Agreement 1") with Reilly Mortgage Capital Corporation
("Reilly") pursuant to which such subsidiary borrowed an aggregate amount of
$19,500,000.00 to finance the acquisition of the Partnership and to refinance
existing debt, including prepayment penalties of approximately $297,000.00, and
pay associated
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closing costs. Loan Agreement 1 was assigned to the Federal National Mortgage
Association, or "Fannie Mae." The foregoing description is qualified in its
entirety by reference to Loan Agreement 1, which is attached as Exhibit (a)(1)
hereto and is incorporated herein by reference in its entirety.
On April 27, 2000, a subsidiary of the Partnership entered into a loan
agreement ("Loan Agreement 2") with Reilly pursuant to which such subsidiary
borrowed an aggregate amount of $49,156,000.00 to finance the acquisition of the
Partnership and to refinance existing debt, including prepayment penalties of
approximately $1,214,000.00, and pay associated closing costs. Loan Agreement 2
was assigned to the Federal National Mortgage Association, or "Fannie Mae." The
foregoing description is qualified in its entirety by reference to Loan
Agreement 2, which is attached as Exhibit (a)(2) hereto and is incorporated
herein by reference in its entirety.
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Item 16. Additional Information
Item 16 is hereby amended and supplemented by adding the following
information:
The transactions contemplated by the Merger Agreement, including the
amendment to the Amended Agreement of Limited Partnership, dated July 27, 1983,
and the merger of the Partnership with and into the Purchaser (the "Merger"),
were approved by the unitholders of the Partnership on April 27, 2000. The
Merger became effective on such date upon the filing of a Certificate of Merger
with the Secretary of State of the State of Delaware and Articles of Merger with
the Secretary of State of the State of Massachusetts. As a result of the Merger,
each Limited Partnership Unit, other than those held by the General Partners,
the Original Limited Partners and the Affiliate Limited Partners, in the
Partnership has been converted into the right to receive $1,200.00 in cash. As a
result of and following the Merger, no Limited Partnership Units are
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outstanding. Accordingly, the Partnership has filed a Certification and Notice
of Termination of Registration on Form 15 with the SEC.
Item 17. Material to be Filed as Exhibits
(a)(1) Loan Agreement, dated April 27, 2000, between Century III
Associates Limited Partnership, KR5 Acquisition, L.L.C. and Reilly Mortgage
Capital Corporation.
(a)(2) Loan Agreement, dated April 27, 2000, between Krupp Realty Park
Place-Chicago Limited Partnership, South Chicago Bank, n/k/a/ Advance Bank,
Trustee under the terms of a Trust Agreement dated September 28, 1976, known as
Trust No. 11-1780 and Reilly Mortgage Capital Corporation.
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SIGNATURE
After due inquiry and to the best of the undersigned's knowledge and
belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: May 5, 2000
Krupp Realty Limited Partnership - V
By: The Krupp Corporation, a general
partner
By: /s/ Douglas Krupp
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Name: Douglas Krupp
Title: President and Co-
Chairman of the Board
of Directors
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KR5 Acquisition, L.L.C.
By: KRF Company, L.L.C., its sole
member
By: The Krupp Family Limited
Partnership - 94, its sole
member
By: /s/ Douglas Krupp
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Name: Douglas Krupp
Title: General Partner
KRF Company, L.L.C.
By: The Krupp Family Limited
Partnership - 94, its sole member
By: /s/ Douglas Krupp
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Name: Douglas Krupp
Title: General Partner
The Krupp Family Limited Partnership - 94
By: /s/ Douglas Krupp
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Name: Douglas Krupp
Title: General Partner
The Krupp Corporation
By: /s/ Douglas Krupp
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Name: Douglas Krupp
Title: President and Co-
Chairman of the Board
of Directors
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The Krupp Company Limited Partnership - II
By: /s/ Douglas Krupp
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Name: Douglas Krupp
Title: General Partner
/s/ Douglas Krupp
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Douglas Krupp
/s/ George Krupp
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George Krupp
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Index to Exhibits
Exhibit No. Description
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(a)(1) Loan Agreement, dated April 27, 2000, between Century III
Associates Limited Partnership, KR5 Acquisition, L.L.C. and
Reilly Mortgage Capital Corporation.
(a)(2) Loan Agreement, dated April 27, 2000, between Krupp Realty
Park Place-Chicago Limited Partnership, South Chicago Bank,
n/k/a/ Advance Bank, Trustee under the terms of a Trust
Agreement dated September 28, 1976, known as Trust No. 11-1780
and Reilly Mortgage Capital Corporation.