SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C., 20549
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SCHEDULE TO
(RULE 14d-100)
TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 4)*
FINAL AMENDMENT
AND
SCHEDULE 13D
STATEMENT PURSUANT TO SECTION 13(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)
RESOURCES ACCRUED MORTGAGE INVESTORS 2 L.P.
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(Name of Subject Company (Issuer))
VIRGINIA SPRINGS LIMITED LIABILITY COMPANY
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(Names of Filing Persons (Identifying Status as Offeror,
Issuer or Other Person))
LIMITED PARTNERSHIP UNITS
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(Title of Class Securities)
NONE
------------------------------------------------------------------------
(CUSIP Number of Class Securities)
----------------------------------
BOB FARAHI
VIRGINIA SPRINGS LIMITED LIABILITY COMPANY
1175 WEST MOANA LANE, SUITE 200
RENO, NEVADA 89509
(775) 825-3355
-------------
Copy To:
DON S. HERSHMAN, ESQ.
MUCH SHELIST FREED DENENBERG AMENT & RUBENSTEIN, P.C.
200 NORTH LASALLE STREET, SUITE 2100
CHICAGO, IL 60601
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CALCULATION OF FILING FEE
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Transaction Valuation* $2,660,000 Amount of Filing Fee $532
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* For purposes of calculating the fee only. This amount assumes the purchase
of 28,000 units of limited partnership interest of the subject partnership
for $95 per unit. The amount of the filing fee, calculated in accordance
with Rule 0-11(d) under the Securities Exchange Act of 1934, as amended,
equals 1/50th of one percent of the aggregate of the cash offered by the
bidder.
[X] Check the 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: $532 Filing Party: Virginia Springs Limited
-------- Liability Company
---------------------------
Form or Registration No.: Schedule TO Date Filed: 3/29/02, 4/24/02
and 6/14/02
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[ ] 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 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.
[x] amendment to Schedule 13D under Rule 13d-2.
Check the following box if the filing is a final amendment reporting the
result of the tender offer: [x]
-2-
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Virginia Springs Limited Liability Company (1)FEIN 88-0428656
- ------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
- ------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) [ ]
- ------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Nevada
- ------------------------------------------------------------------------
Number of 7 SOLE VOTING POWER: 9,703
Shares ----------------------------------------------------------
Beneficially 8 SHARED VOTING POWER: 0
Owned by ----------------------------------------------------------
Each 9 SOLE DISPOSITIVE POWER: 9,703
Reporting ----------------------------------------------------------
Person With 10 SHARED DISPOSITIVE POWER: 0
- ------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,703
- ------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
- ------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.16%
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14 TYPE OF REPORTING PERSON
OO
- ------------------------------------------------------------------------
(1) Virginia Springs Limited Liability Company is a new member of the "group"
with respect to which this Schedule 13D is being filed.
-3-
- ------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Maxum LLC FEIN 30-0007456
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
- ------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Nevada
- ------------------------------------------------------------------------
Number of 7 SOLE VOTING POWER: 0
Shares ----------------------------------------------------------
Beneficially 8 SHARED VOTING POWER: 0
Owned by ----------------------------------------------------------
Each 9 SOLE DISPOSITIVE POWER: 0
Reporting ----------------------------------------------------------
Person With 10 SHARED DISPOSITIVE POWER: 0
- ------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- ------------------------------------------------------------------------
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
CO
- ------------------------------------------------------------------------
-4-
- ------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Western Real Estate Investments, LLC FEIN 88-0375845
- ------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
- ------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) [ ]
- ------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------------------------------------------------------
Number of 7 SOLE VOTING POWER: 0
Shares ----------------------------------------------------------
Beneficially 8 SHARED VOTING POWER: 68,084
Owned by ----------------------------------------------------------
Each 9 SOLE DISPOSITIVE POWER: 0
Reporting ----------------------------------------------------------
Person With 10 SHARED DISPOSITIVE POWER: 68,084
- ------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
68,084
- ------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
- ------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
32.6%
- ------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
- ------------------------------------------------------------------------
-5-
- ------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Farahi Investment Company FEIN 88-0184665
- ------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e) [ ]
- ------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF REORGANIZATION
Nevada
- ------------------------------------------------------------------------
Number of 7 SOLE VOTING POWER: 0
Shares ----------------------------------------------------------
Beneficially 8 SHARED VOTING POWER: 77,787
Owned by ----------------------------------------------------------
Each 9 SOLE DISPOSITIVE POWER: 0
Reporting ----------------------------------------------------------
Person With 10 SHARED DISPOSITIVE POWER: 77,787
- ------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
77,787
- ------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [ ]
- ------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
41.39%
- ------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
- ------------------------------------------------------------------------
-6-
- ------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ben Farahi
- ------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------
4 SOURCE OF FUNDS
PF; AF
- ------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e) [ ]
- ------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF REORGANIZATION
United States
- ------------------------------------------------------------------------
Number of 7 SOLE VOTING POWER: 44
Shares ----------------------------------------------------------
Beneficially 8 SHARED VOTING POWER: 77,787
Owned by ----------------------------------------------------------
Each 9 SOLE DISPOSITIVE POWER: 44
Reporting ----------------------------------------------------------
Person With 10 SHARED DISPOSITIVE POWER: 77,787
- ------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
77,831
- ------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [ ]
- ------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
41.42%
- ------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- ------------------------------------------------------------------------
-7-
- ------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
John Farahi
- ------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
- ------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e) [ ]
- ------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF REORGANIZATION
United States
- ------------------------------------------------------------------------
Number of 7 SOLE VOTING POWER: 0
Shares ----------------------------------------------------------
Beneficially 8 SHARED VOTING POWER: 77,787
Owned by ----------------------------------------------------------
Each 9 SOLE DISPOSITIVE POWER: 0
Reporting ----------------------------------------------------------
Person With 10 SHARED DISPOSITIVE POWER: 77,787
- ------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
77,787
- ------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [ ]
- ------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
41.39%
- ------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- ------------------------------------------------------------------------
-8-
- ------------------------------------------------------------------------
1 NAMES OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bob Farahi
- ------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
- ------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e) [ ]
- ------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF REORGANIZATION
United States
- ------------------------------------------------------------------------
Number of 7 SOLE VOTING POWER: 0
Shares ----------------------------------------------------------
Beneficially 8 SHARED VOTING POWER: 77,787
Owned by ----------------------------------------------------------
Each 9 SOLE DISPOSITIVE POWER: 0
Reporting ----------------------------------------------------------
Person With 10 SHARED DISPOSITIVE POWER: 77,787
- ------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
77,787
- ------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [ ]
- ------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
41.39%
- ------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- ------------------------------------------------------------------------
-9-
TENDER OFFER STATEMENT
This Amendment No. 4 (i) amends the Tender Offer Statement on Schedule TO
filed on March 29, 2002, as amended by Amendment No. 1 filed on April 1, 2002,
Amendment No. 2 filed on June 14, 2002 and Amendment No. 3 filed on July 10,
2002 by Virginia Springs Limited Liability Company (the "Purchaser") relating
to an offer to purchase units of limited partnership interest ("Units") of
Resources Accrued Mortgage Investors 2 L.P. (the "Partnership") upon the terms
and subject to the conditions set forth in the Offer to Purchase dated March
29, 2002 (the "Offer to Purchase") and the related Letter of Transmittal, as
each may be supplemented or amended from time to time (which together
constitute the "Offer") and (ii) amends the Schedule 13D filed on May 22, 2001,
as amended on January 30, 2002 by certain affiliates of the Purchaser, to
include the information set forth below. The information in the Offer to
Purchase is incorporated herein by reference in answer to all of the Items of
this Schedule TO except as otherwise set forth below:
ITEM 7. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 7 is hereby supplemented and amended by the following:
The total amount of funds required by the Purchaser to purchase the 9,703
Units accepted for payment pursuant to the Offer, exclusive of fees and
expenses, is $921,785. The Purchaser obtained such funds (plus funds to pay
fees and expenses) from capital contributions from Farahi Investment Company,
the sole owner of the Purchaser.
ITEM 8. INTEREST IN SECURITIES OF THE SUBJECT COMPANY
Item 8 is hereby supplemented and amended to add to following:
The Offer expired at 12:00 Midnight, New York City time, on Wednesday,
August 14, 2002. Pursuant to the Offer, as of 12:00 Midnight, New York City
time on Wednesday, August 14, 2002, the Purchaser accepted for payment 9,703
Units, constituting approximately 5.16% of the Units.
-10-
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: August 26, 2002 VIRGINIA SPRINGS LIMITED LIABILITY
COMPANY
By /s/ Ben Farahi
- - - - - - - - - -- - - - - -
Ben Farahi
Manager
By /s/ Bob Farahi
- - - - - - - - - -- - - - - -
Bob Farahi
Manager
-11-
EXHIBIT INDEX
EXHIBIT NO. DOCUMENT
1. Joint Filing Agreement ("Joint Filing Agreement"), dated as of
May 15, 2001, pursuant Rule 13d-1(k), including Power of Attorney
granted to Ben Farahi to sign Schedule 13D and all amendments
thereto and to file the same with the Securities and Exchange
Commission, and other documents in connection therewith, on
behalf of Western Real Estate Investments, LLC, Farahi Investment
Company, Ben Farahi, John Farahi and Bob Farahi (incorporated by
reference to Exhibit No. 1 to Schedule 13D filed with the
Securities and Exchange Commission on May 22, 2001 by Western
Real Estate Investments, LLC, Farahi Investment Company, Ben
Farahi, John Farahi and Bob Farahi with respect to securities of
Resources Accrued Mortgage Investors 2 L.P.).
2. Amendment No. 1 to Joint Filing Agreement, dated as of January
1, 2002 (incorporated by reference to Exhibit No. 2 to Schedule
13D filed with the Securities and Exchange Commission on January
30, 2002 by Maxum LLC, Western Real Estate Investments, LLC,
Farahi Investment Company, Ben Farahi, John Farahi and Bob Farahi
with respect to securities of Resources Accrued Mortgage
Investors 2 L.P.).
3. Amendment No. 2 to Joint Filing Agreement, dated as of August
14, 2002.
-12-
AMENDMENT NO. 2 TO
JOINT FILING AGREEMENT
AMENDMENT NO. 2 TO JOINT FILING AGREEMENT, dated as of August 14, 2002, by
and between the persons listed on the signature pages hereto.
WHEREAS, the parties hereto constitute a "group" (the "Group")with respect
to the beneficial ownership of the Units for purposes of Rule 13d-1 and
Schedule 13D promulgated by the Securities and Exchange Commission (the "SEC").
WHEREAS, each of the parties hereto with the exception of Virginia Springs
Limited Liability Company, a Nevada limited liability company ("Virginia
Springs"), entered into a Joint Filing Agreement dated as of May 15, 2001 and
amended as of January 1, 2002 (the "Agreement") with respect to their
beneficial ownership of Units of Limited Partnership Interest (the "Units") of
Resources Accrued Mortgage Investors 2 L.P., a Delaware limited partnership
(the "Partnership"); and
WHEREAS, Virginia Springs has become a member of the Group as of the date
of this Amendment; and
WHEREAS, the parties desire to amend the Agreement to add Virginia Springs
as a party thereto.
NOW, THEREFORE, the parties hereto hereby agree as follows:
1. The Agreement is hereby amended to the extent necessary to reflect
that Virginia Springs is a party thereto and is bound by all of the
provisions thereof.
2. The Agreement, as amended in accordance with Paragraph 1 above, is
ratified, confirmed and approved in all respects.
3. This Amendment may be executed in counterparts, each of which taken
together shall constitute one and the same document.
IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the
date first above written.
VIRGINIA SPRINGS LIMITED LIABILITY COMPANY
By: /s/ Ben Farahi
Name: Ben Farahi
Title: Manager
By: /s/ Bob Farahi
Name: Bob Farahi
Title: Manager
MAXUM LLC
By: /s/ Ben Farahi
Name: Ben Farahi
Title: Manager
-13-
WESTERN REAL ESTATE INVESTMENTS, LLC
By: FARAHI INVESTMENT COMPANY
By: /s/ Ben Farahi
Name: Ben Farahi
Title: Partner
FARAHI INVESTMENT COMPANY
By: /s/ Ben Farahi
Name: Ben Farahi
Title: Partner
By: /s/ Bob Farahi
Name: Bob Farahi
Title: Partner
/s/ Ben Farahi
Ben Farahi
/s/ John Farahi
John Farahi
/s/ Bob Farahi
Bob Farahi
-14-