SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE TO
TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
AMERICAN REPUBLIC REALTY FUND I
(Name of Subject Company)
Everest Properties II, LLC (offeror)
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(Filing Persons)
Units of Limited Partnership Interest
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(Title of Class of Securities)
None
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(CUSIP Number of Class of Securities)
Christopher K. Davis
Everest Properties II, LLC
199 S. Los Robles Ave., Suite 200
Pasadena, CA 91101
Telephone (626) 585-5920
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications on Behalf of Filing Persons)
CALCULATION OF FILING FEE
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Transaction Valuation: $300,000(1) Amount of Filing Fee: $60.00
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(1) Calculated as the product of the Units on which the Offer is made and the
gross cash price per Unit.
[ ] 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: Not Applicable Filing party: Not Applicable
Form or registration no.: Not Applicable Date filed: Not Applicable
[ ] Check 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: [ ]
This Tender Offer Statement on Schedule TO (this "Statement") relates to an
offer by Everest Properties II, LLC ("Everest" or the "Purchaser"), a California
limited liability company, to purchase up to 1,500 units ("Units") of limited
partnership interests in AMERICAN REPUBLIC REALTY FUND I (the "Partnership") at
a cash purchase price of $200 per Unit, without interest, less the amount of
Distributions (as defined in the Offer to Purchase (as defined herein)) per
unit, if any, made to unit holders by the Partnership after the date of the
Offer, upon the terms and subject to the conditions set forth in the Offer to
Purchase, dated June 2, 2005, as it may be supplemented or amended from time to
time (the "Offer to Purchase"), and the related Agreement of Transfer and Letter
of Transmittal, as it may be supplemented or amended from time to time (the
"Letter of Transmittal," which, together with the Offer to Purchase, constitutes
the "Offer"), copies of which are filed as Exhibits 12.1 and 12.2 hereto,
respectively. Capitalized terms used but not defined herein have the meaning
ascribed to them in the Offer to Purchase.
ITEM 1. SUMMARY TERM SHEET.
Reference is hereby made to the information set forth in the cover page,
"Introduction" and "Summary of the Offer" of the Offer to Purchase, which is
incorporated herein by reference.
ITEM 2. SUBJECT COMPANY INFORMATION.
(a) The name of the subject company is AMERICAN REPUBLIC REALTY FUND I, a
Wisconsin limited partnership (the "Partnership"). The address of the
Partnership's principal executive offices is 2800 N Dallas Pkwy #100, Plano,
Texas 75093-5994. The telephone number of the Partnership is (972) 836-8000.
(b) The class of equity securities to which this Statement relates is Units
of Limited Partnership Interests in the Partnership. Reference is hereby made to
the information set forth in "Certain Information Concerning the Partnership -
Outstanding Units" of the Offer to Purchase, which is incorporated herein by
reference.
(c) Reference is hereby made to the information set forth in "Summary of
the Offer" and "Certain Information Concerning the Partnership - Trading History
of the Units" of the Offer to Purchase, which is incorporated herein by
reference.
ITEM 3. IDENTITY AND BACKGROUND OF FILING PERSON.
Reference is hereby made to the information set forth in the "Certain
Information Concerning the Purchaser" and Schedule I concerning the executive
officers ("Executive Officers") of Everest Properties II, LLC ("EPII") of the
Offer to Purchase, which is incorporated herein by reference.
During the last five years, none of the Purchaser or, to the knowledge of
the Purchaser, any of the Executive Officers, has been (i) convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors) or
(ii) a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding any such person was or
is subject to a judgment, decree or final order enjoining future violations of,
or prohibiting activities subject to, federal or state securities laws or
finding any violation of such laws.
ITEM 4. TERMS OF THE TRANSACTION.
Reference is hereby made to the information set forth in the "Summary of
the Offer," "Details of the Offer," "Effects of the Offer" and "Federal Income
Tax Matters" of the Offer to Purchase, which is incorporated herein by
reference.
The Purchaser does not currently plan to provide a subsequent offering
period, as described by Rule 14d-11 of Regulation 14D under the Securities
Exchange Act of 1934, as amended.
ITEM 5. PAST CONTACTS, TRANSACTIONS, NEGOTIATIONS AND AGREEMENTS.
(a) None.
(b) Reference is hereby made to the information set forth in "Summary of
the Offer" and "Certain Information Concerning the Purchaser - Prior
Acquisitions of Units and Prior Contacts" of the Offer to Purchase, which is
incorporated herein by reference.
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ITEM 6. PURPOSE OF THE TRANSACTION AND PLANS OR PROPOSALS.
(a), (c)(1) - (c)(7) Reference is hereby made to the information set forth
in "Summary of the Offer," "Future Plans of the Purchaser" and "Effects of the
Offer" of the Offer to Purchase, which is incorporated herein by reference.
Except as set forth in the Offer to Purchase, the Purchaser does not have any
present plans or proposals which would relate to, or would result in, any
transaction, change or other occurrence with respect to the Partnership or the
Units as is listed in paragraphs (c)(1) through (c)(7) of Item 1006 of
Regulation M-A.
ITEM 7. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
(a) Reference is hereby made to the information set forth in "Certain
Information Concerning the Purchaser - Source of Funds" of the Offer to
Purchase, which is incorporated herein by reference.
(b), (d) Not applicable.
ITEM 8. INTEREST IN SECURITIES OF THE SUBJECT COMPANY.
Reference is hereby made to the information set forth in "Certain
Information Concerning the Purchaser - Prior Acquisitions of Units and Prior
Contacts" and " - General" of the Offer to Purchase, which is incorporated
herein by reference.
ITEM 9. PERSONS/ASSETS RETAINED, EMPLOYED, COMPENSATED OR USED.
Reference is hereby made to the information set forth in "Certain Legal
Matters - Fees and Expenses" of the Offer to Purchase, which is incorporated
herein by reference.
ITEM 10. FINANCIAL STATEMENTS.
Certain information regarding Purchaser's method of financing the Offer is
set forth in "Certain Information Concerning the Purchaser - Source of Funds"
and is incorporated herein by reference. Purchaser does not believe its
financial statements are material to persons considering the Offer because: (i)
the offer is for cash; (ii) for persons selling their securities, Purchaser's
ability to finance the transaction is disclosed; and (iii) the Purchaser and its
affiliates would own approximately 39% or less of the outstanding Units after
the offer, which percentage could not reasonably implicate a change of control
of the Partnership because at least an actual majority of the outstanding
securities (as opposed to a majority of a quorum) is required for any approval
by the Partnership's limited partners, including any removal or election of a
general partner; therefore, the Purchaser's financial statements would not
reasonably be material to persons not selling their securities.
ITEM 11. ADDITIONAL INFORMATION.
(a) None.
(b) Reference is hereby made to the entire text of the Offer to Purchase
and the related Agreement of Transfer and Letter of Transmittal, which are
incorporated herein by reference.
ITEM 12. EXHIBITS.
12.1 Offer to Purchase, dated June 2, 2005.
12.2 Agreement of Transfer and Letter of Transmittal, with Instructions.
12.3 Letter to Unit Holders dated June 2, 2005.
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SIGNATURE
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 2, 2005
EVEREST PROPERTIES II, LLC
By: /S/ DAVID I. LESSER
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David I. Lesser
Executive Vice President
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