SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE TO
Tender Offer Statement Pursuant to Section 14(d)(1) or 13(e)(1)
of the Securities Exchange Act of 1934
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CAPITAL REALTY INVESTORS-III LIMITED PARTNERSHIP
(Name of Subject Company)
MPF NY-2005,LLC; STEVEN GOLD; MPF DEWAAY FUND 2, LLC; MPF INCOME FUND 21,
LLC; MPF INCOME FUND 23, LLC; MPF FLAGSHIP FUND 11, LLC; MPF BLUERIDGE I,
LLC; MPF BLUERIDGE II, LLC; MPF DEWAAY PREMIER FUND 3, LLC; MACKENZIE
PATTERSON SPECIAL FUND 5, LLC; MACKENZIE PATTERSON SPECIAL FUND 6, LLC;
MACKENZIE PATTERSON SPECIAL FUND 6-A, LLC; MACKENZIE PATTERSON SPECIAL
FUND 7, LLC; MP ACQUISITION CO. 3, LLC AND MACKENZIE PATTERSON FULLER, LP
(Bidders)
UNITS OF LIMITED PARTNERSHIP INTEREST
(Title of Class of Securities)
None or unknown
(CUSIP Number of Class of Securities)
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Copy to:
Christine Simpson Chip Patterson, Esq.
MacKenzie Patterson Fuller, LP MacKenzie Patterson Fuller, LP
1640 School Street 1640 School Street
Moraga, California 94556 Moraga, California 94556
(925) 631-9100 ext.224 (925) 631-9100 ext. 206
(Name, Address, and Telephone Number of
Person Authorized to Receive Notices and
Communications on Behalf of Bidder)
Calculation of Filing Fee
Transaction Amount of
Valuation* Filing Fee
$2,400,000 $256.80
* For purposes of calculating the filing fee only. Assumes the purchase
of 12,000 Units at a purchase price equal to $200 per Unit in cash.
[ ] 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:
Form or Registration Number:
Filing Party:
Date Filed:
[ ] Check the box if the filing relates solely to preliminary
communications made before the commencement of a tender offer.
Check the appropriate boxes below to designate any transactions to which the
statement relates:
[X] third party tender offer subject to Rule 14d-1.
[ ] issuer tender offer subject to Rule 13e-4.
[ ] going private transaction subject to Rule 13e-3
[ ] amendment to Schedule 13D under Rule 13d-2
Check the following box if the filing is a final amendment reporting the results
of the tender offer: [ ]
TENDER OFFER
This Tender Offer Statement on Schedule TO relates to the offer (the "Offer") by
MPF NY-2005, LLC; Steven Gold; MPF DeWaay Fund 2, LLC; MPF Income Fund 21, LLC;
MPF Income Fund 23, LLC; MPF Flagship Fund 11, LLC; MPF Blueridge I, LLC; MPF
Blueridge II, LLC; MPF DeWaay Premier Fund 3, LLC; MacKenzie Patterson Special
Fund 5, LLC; MacKenzie Patterson Special Fund 6, LLC; MacKenzie Patterson
Special Fund 6-A, LLC; MacKenzie Patterson Special Fund 7, LLC; MP Acquisition
Co. 3, LLC; and MacKenzie Patterson Fuller, LP (collectively the "Purchasers")
to purchase up to 12,000 Units of limited partnership interest (the "Units") in
Capital Realty Investors-III Limited Partnership, a Maryland limited partnership
(the "Partnership"), the subject company, at a purchase price equal to $200 per
Unit, less the amount of any distributions declared or made with respect to the
Units between March 15, 2006 (the "Offer Date") and April 21, 2006 or such other
date to which this Offer may be extended (the "Expiration Date"), upon the terms
and subject to the conditions set forth in the Offer to Purchase dated March 15,
2006 (the "Offer to Purchase") and the related Letter of Transmittal, copies of
which are attached hereto as Exhibits (a)(1) and (a)(2), respectively. As noted
above, the Offer price would be subject to reduction for distributions made or
declared prior to the Expiration Date. Any distributions made or declared after
the Expiration Date, by the terms of the Offer and as set forth in the Letter of
Transmittal, would be assigned by tendering Unit holders to the Purchasers.
MacKenzie Patterson Fuller, LP is named as a bidder herein because it is deemed
to control the Purchasers, but is otherwise not participating in the offer
described in this schedule.
In the event of a price reduction resulting from a Partnership
distribution declared or made after the Offer Date and before the Expiration
Date, as described above, the Purchasers will file an amendment to this Schedule
TO reflecting such reduction and will, to the extent necessary, extend the
Expiration Date to assure there is a minimum ten business day period following
the amendment before the Offer expires.
Tender of Units will include the tender of any and all securities into
which the Units may be converted and any securities distributed with respect to
the Units from and after the Offer Date.
The Partnership had 4,203 holders of record owning an aggregate of
59,882 units as of March 30, 2005, according to its Annual Report on Form 10-K
for the fiscal year ending December 31, 2004. The Purchasers and their
affiliates currently beneficially own no Units. The 12,000 Units subject to the
Offer constitute approximately 20.04% of the outstanding Units. Consummation of
the Offer, if all Units sought are tendered, would require payment by the
Purchasers of up to $2,400,000 in aggregate purchase price, which the Purchasers
intend to fund out of their current working capital.
The address of the Partnership's principal executive offices is 11200
Rockville Pike, Suite 500, Rockville, Maryland 20852, and its phone number is
(301)-468-9200.
The information in the Offer to Purchase, including all schedules and
annexes thereto, is hereby expressly incorporated herein by reference in
response to all the items of this Statement.
Item 12. Exhibits.
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(a)(1) Offer to Purchase dated March 15, 2006
(a)(2) Letter of Transmittal
(a)(3) Form of Letter to Unit holders dated March 15, 2006
(a)(4) Form of advertisement in Investor's Business Daily
(b)- (h) Not applicable.
Item 13. Information Required by Schedule 13E-3.
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Not applicable.
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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: March 15, 2006
MPF NY-2005, LLC; MPF DeWaay Fund 2, LLC; MPF Income Fund 21, LLC; MPF Income
Fund 23, LLC; MPF Flagship Fund 11, LLC; MPF Blueridge I, LLC; MPF Blueridge II,
LLC; MPF DeWaay Premier Fund 3, LLC; MacKenzie Patterson Special Fund 5, LLC;
MacKenzie Patterson Special Fund 6, LLC; MacKenzie Patterson Special Fund 6-A,
LLC; MacKenzie Patterson Special Fund 7, LLC; and MP Acquisition Co. 3, LLC
By: /s/ Christine Simpson
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Christine Simpson, Vice President of Manager
or General Partner of each of the above bidders
MACKENZIE PATTERSON FULLER, LP
By: /s/ Christine Simpson
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Christine Simpson, Vice President of its General Partner
STEVEN GOLD
/s/ Steven Gold
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EXHIBIT INDEX
Exhibit Description
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(a)(1) Offer to Purchase dated March 15, 2006
(a)(2) Letter of Transmittal
(a)(3) Form of Letter to Unit holders dated March 15, 2006
(a)(4) Form of advertisement in Investor's Business Daily