================================================================================
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 11)
_______________________
KIMSOUTH REALTY INC.
(formerly known as Konover Property Trust, Inc.)
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.01 PER SHARE
(Title of Class of Securities)
301953 10 5
(CUSIP Number)
MARJORIE L. REIFENBERG, ESQ.
LAZARD FRERES REAL ESTATE INVESTORS L.L.C.
30 ROCKEFELLER PLAZA
NEW YORK, NY 10020
(212) 632-6000
WITH A COPY TO:
TOBY S. MYERSON, ESQ.
PAUL, WEISS, RIFKIND, WHARTON & GARRISON
1285 AVENUE OF THE AMERICAS
NEW YORK, NEW YORK 10019-6064
(212) 373-3000
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
_______________________
November 22, 2002
(Date of Event which Requires Filing
of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 1(f) or 1(g), check the following box [_]
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-1(a) for other
parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
================================================================================
2
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Prometheus Southeast Retail Trust
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Maryland
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES None
BENEFICIALLY OWNED ------------------------------------------------
BY EACH REPORTING 8 SHARED VOTING POWER
PERSON
WITH 21,116,422
------------------------------------------------
9 SOLE DISPOSITIVE POWER
None
------------------------------------------------
10 SHARED DISPOSITIVE POWER
21,116,422
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,116,422
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
55.5%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
00 (real estate investment trust)
--------------------------------------------------------------------------------
3
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Prometheus Southeast Retail L.L.C.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES None
BENEFICIALLY OWNED ------------------------------------------------
BY EACH REPORTING 8 SHARED VOTING POWER
PERSON
WITH 21,116,422
------------------------------------------------
9 SOLE DISPOSITIVE POWER
None
------------------------------------------------
10 SHARED DISPOSITIVE POWER
21,116,422
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,116,422
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
55.5%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
00 (limited liability company)
--------------------------------------------------------------------------------
4
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
LFSRI II SPV REIT Corp.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES None
BENEFICIALLY OWNED ------------------------------------------------
BY EACH REPORTING 8 SHARED VOTING POWER
PERSON
WITH 21,116,422
------------------------------------------------
9 SOLE DISPOSITIVE POWER
None
------------------------------------------------
10 SHARED DISPOSITIVE POWER
21,116,422
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,116,422
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
55.5%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
5
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
LF Strategic Realty Investors II L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES None
BENEFICIALLY OWNED ------------------------------------------------
BY EACH REPORTING 8 SHARED VOTING POWER
PERSON
WITH 21,116,422
------------------------------------------------
9 SOLE DISPOSITIVE POWER
None
------------------------------------------------
10 SHARED DISPOSITIVE POWER
21,116,422
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,116,422
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
55.5%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN (limited partnership)
--------------------------------------------------------------------------------
6
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
LFSRI II Alternative Partnership L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES None
BENEFICIALLY OWNED ------------------------------------------------
BY EACH REPORTING 8 SHARED VOTING POWER
PERSON
WITH 21,116,422
------------------------------------------------
9 SOLE DISPOSITIVE POWER
None
------------------------------------------------
10 SHARED DISPOSITIVE POWER
21,116,422
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,116,422
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
55.5%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN (limited partnership)
--------------------------------------------------------------------------------
7
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
LFSRI II-CADIM Alternative Partnership L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES None
BENEFICIALLY OWNED ------------------------------------------------
BY EACH REPORTING 8 SHARED VOTING POWER
PERSON
WITH 21,116,422
------------------------------------------------
9 SOLE DISPOSITIVE POWER
None
------------------------------------------------
10 SHARED DISPOSITIVE POWER
21,116,422
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,116,422
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
55.5%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN (limited partnership)
--------------------------------------------------------------------------------
8
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Lazard Freres Real Estate Investors L.L.C.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES None
BENEFICIALLY OWNED ------------------------------------------------
BY EACH REPORTING 8 SHARED VOTING POWER
PERSON
WITH 21,116,422
------------------------------------------------
9 SOLE DISPOSITIVE POWER
None
------------------------------------------------
10 SHARED DISPOSITIVE POWER
21,116,422
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,116,422
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
55.5%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
00 (limited liability company)
--------------------------------------------------------------------------------
9
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Lazard Freres & Co. LLC
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES None
BENEFICIALLY OWNED ------------------------------------------------
BY EACH REPORTING 8 SHARED VOTING POWER
PERSON
WITH 21,116,422
------------------------------------------------
9 SOLE DISPOSITIVE POWER
None
------------------------------------------------
10 SHARED DISPOSITIVE POWER
21,116,422
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,116,422
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
55.5%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO (limited liability company)
--------------------------------------------------------------------------------
10
This Amendment No. 11, dated November 25, 2002, is filed by Prometheus
Southeast Retail Trust, a Maryland real estate investment trust ("Trust"),
Prometheus Southeast Retail LLC, a Delaware limited liability Company
("Prometheus"), LFSRI II SPV REIT Corp., a Delaware corporation ("SPV"), LF
Strategic Realty Investors II L.P., a Delaware limited partnership ("LFSRI II"),
LFSRI II Alternative Partnership L.P., a Delaware limited partnership
("Alternative"), LFSRI II-CADIM Alternative Partnership L.P., a Delaware limited
partnership ("CADIM"), Lazard Freres Real Estate Investors L.L.C., a New York
limited liability company ("LFREI"), and Lazard Freres & Co. LLC, a New York
limited liability company ("Lazard," and together with Trust, Prometheus, SPV,
CADIM, Alternative, LFSRI II and LFREI, the "Reporting Persons").
Capitalized terms used herein but not defined shall have the meanings
ascribed thereto in the Schedule 13D dated March 6, 1998 (the "Initial Schedule
13D"), as amended, filed by Prometheus and LFSRI II (as amended, the "Existing
Schedule 13D"). This Amendment is the final amendment and hereby amends and
supplements the Existing Schedule 13D as follows:
ITEM 1. SECURITY AND ISSUER.
Item 1 is hereby amended and supplemented by the addition of the
following information:
As a result of the merger described below, the Company changed its name
from Konover Property Trust, Inc. to Kimsouth Realty Inc. In addition, in
connection with the merger described below, the Company changed its principal
executive office to 3333 New Hyde Park Road, Suite 100, New Hyde Park, New York,
11042-0020.
ITEM 2. IDENTITY AND BACKGROUND.
Item 2 is hereby amended and supplemented by the deletion of the
following information from the table entitled "Executive Officers and Directors
of LFSRI II SPV REIT Corp." on Schedule I:
Adrianne M. Horne Director Assistant to Division Head of CT
Corporation
CT Corporation
1209 Orange Street
Wilmington, DE 19801
Item 2 is hereby amended and supplemented by the addition of the
following information to the table entitled "Executive Officers and Directors of
LFSRI II SPV REIT Corp " on Schedule I:
11
Domenic A. Borriello Director Service Manager Staffing &
International Operations
CT Corporation Staffing, Inc.
The Corporation Trust Center
1209 Orange Street
Wilmington, DE 19801
ITEM 4. PURPOSE OF TRANSACTION.
Item 4 is hereby amended and supplemented by the addition of the
following information:
On November 22, 2002, at a special meeting of stockholders of the
Company holders of more than two-thirds of the votes entitled to be cast at the
meeting approved (i) an Agreement and Plan of Merger, dated as of June 23, 2002
(as amended, the "Merger Agreement"), by and between PSCO Acquisition Corp.
("PSCO") and the Company, (ii) the merger of PSCO with and into the Company
pursuant to the Merger Agreement (the "Merger") and (iii) certain charter
amendments contemplated by the Merger Agreement. The Merger became effective on
November 22, 2002 pursuant to Articles of Merger filed with the State Department
of Assessments and Taxation of the State of Maryland, at which time (the
"Effective Time") PSCO was merged with and into the Company, with the Company as
the surviving corporation.
At the Effective Time, (i) each share of the Company's common stock
issued and outstanding immediately prior to the Effective Time (other than
shares owned by PSCO) was converted into the right to receive a cash payment of
$2.10 per share (without interest) ("Cash Price"), (ii) the 16,615,922 shares of
the Company's common stock owned by PSCO immediately prior to the Effective Time
(which shares were contributed by Trust to PSCO immediately prior to the
consummation of the Merger) were canceled and retired without any payment
therefor and (iii) each option, purchase right, repurchase right or other
similar right to purchase shares of the Company's common stock issued under any
Company stock-based compensation plan and outstanding immediately prior to the
Effective Time was converted into the right to receive a cash payment equal to
the amount, if any, by which the Cash Price exceeded the per share exercise
price of such option, purchase right or repurchase right multiplied by the
number of shares of the Company's common stock for which such option, purchase
right or repurchase right was exercisable.
In addition, at the Effective Time, (a) each share of PSCO common stock
issued and outstanding immediately prior to the Effective Time was converted
into one fully paid nonassessable share of common stock of the surviving
corporation in the Merger and (b) each share of PSCO redeemable preferred stock
issued and outstanding immediately prior to the Effective Time was converted
into one fully paid nonassessable share of the series B redeemable preferred
stock of the surviving corporation in the Merger.
12
The Company was the surviving corporation in the Merger and as a result
of the Merger, the two former common stockholders of PSCO, Trust and Kimkon Inc.
(a subsidiary of Kimco Realty Corporation) own 100% of the Company's outstanding
common stock.
In connection with the Merger, on November 22, the Company filed with
the Securities and Exchange Commission a Form 15, pursuant to Rules 12g-4 and
12h-3 promulgated under the Securities Exchange Act of 1934, as amended, to
provide notice of termination of registration of the Company's common stock, and
to immediately suspend all reporting requirements under Sections 13(a) and 15(d)
of the Securities Exchange Act, as amended. Further, prior to the opening of
business on November 25, 2002, the Company's common stock was delisted from the
New York Stock Exchange pursuant to a request delivered by the Company to the
New York Stock Exchange.
Except as set forth above, the Reporting Persons have no present plans
or intentions that would result in any of the matters required to be set forth
in items (a) through (j) of Item 4 of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is hereby amended and supplemented by the addition of the
following information:
(a) Trust holds direct beneficial ownership of an aggregate of
21,116,422 shares of the Company's Common Stock, representing 55.5% of the
38,047,607 issued and outstanding shares of the Company as of November 25, 2002.
As the sole common shareholder of Trust, Prometheus possesses indirect
beneficial ownership of such shares of the Company's common stock. As the sole
member of Prometheus, SPV may be deemed to possess indirect beneficial ownership
of such shares of the Company's common stock. Pursuant to their respective
interests in SPV, each of LFSRI II, Alternative and CADIM may be deemed to
possess indirect beneficial ownership of such shares of the Company's common
stock. LFREI is the general partner of each of LFSRI II, Alternative and CADIM
and, as such, may be deemed to possess indirect beneficial ownership of such
shares of the Company's common stock. As the managing member of LFREI, Lazard
may be deemed to possess indirect beneficial ownership of such shares of the
Company's common stock. As previously reported on Amendment No. 10, each of SPV,
LFSRI II, Alternative, CADIM, LFREI and Lazard disclaim any beneficial ownership
it may be deemed to have of any of the shares of the Company's common stock.
(b) The Reporting Persons have shared power to vote or to direct
the vote of 21,116,422 shares of the Company's common stock.
(c) In connection with the Merger, immediately prior to the
consummation of the Merger, Trust contributed 16,615,922 shares of the Company's
common stock to PSCO. Pursuant to the Merger Agreement, these contributed shares
were canceled and retired in the Merger without any payment therefor. In
addition,
13
pursuant to the Merger Agreement, (i) the 4,436,709 shares of the Company's
common stock held by Trust immediately prior to the Effective Time were
converted in the Merger into the right to receive the Cash Price and (ii) the
21,116,422 shares of PSCO's common stock held by Trust immediately prior to the
Effective Time were converted in the Merger into 21,116,422 shares of the
Company's common stock. Other than the transactions reported herein, no
Reporting Person has acquired or disposed of any shares of the Company's common
stock during the past sixty days.
14
SIGNATURES
After reasonable 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 as of November 25, 2002
PROMETHEUS SOUTHEAST RETAIL TRUST
By: /s/ Matthew J. Lustig
---------------------------------------
Name: Matthew J. Lustig
Title: President
PROMETHEUS SOUTHEAST RETAIL L.L.C.
By: LFSRI II SPV REIT Corp.
as managing member
By: /s/ Matthew J. Lustig
----------------------------------
Name: Matthew J. Lustig
Title: President
LFSRI II SPV REIT CORP.
By: /s/ Matthew J. Lustig
---------------------------------------
Name: Matthew J. Lustig
Title: President
LF STRATEGIC REALTY INVESTORS II L.P.
By: Lazard Freres Real Estate Investors
L.L.C. as general partner
By: /s/ Matthew J. Lustig
----------------------------------
Name: Matthew J. Lustig
Title: Managing Principal
15
LFSRI II ALTERNATIVE PARTNERSHIP L.P.
By: Lazard Freres Real Estate Investors
L.L.C. as general partner
By: /s/ Matthew J. Lustig
----------------------------------
Name: Matthew J. Lustig
Title: Managing Principal
LFSRI II-CADIM ALTERNATIVE PARTNERSHIP L.P.
By: Lazard Freres Real Estate Investors
L.L.C. as general partner
By: /s/ Matthew J. Lustig
----------------------------------
Name: Matthew J. Lustig
Title: Managing Principal
LAZARD FRERES REAL ESTATE INVESTORS L.L.C.
By: /s/ Matthew J. Lustig
---------------------------------------
Name: Matthew J. Lustig
Title: Managing Principal
LAZARD FRERES & CO. LLC
By: /s/ Scott D. Hoffman
---------------------------------------
Name: Scott D. Hoffman
Title: Managing Director