SC 13D/A: General Statement of Acquisition of Beneficial Ownership
Published on April 10, 2001
Securities and Exchange Commission
Washington, D.C. 20549
AMENDMENT NO. 11
TO
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND
AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
Entertainment Properties Trust
- ----------------------------------------------------------------
(Name of Issuer)
Common Shares of Beneficial Interest, par value $.01 per share
- ----------------------------------------------------------------
(Title of Class of Securities)
29380T105
- ----------------------------------------------------------------
Simeon Brinberg (CUSIP Number)
60 Cutter Mill Road, Great Neck, New York 11021 516-466-3100
- ----------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
- -----------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule l3G to
report the acquisition that is the subject of this Schedule l3D, and is filing
this schedule because of Rule l3d-l(e), 13d-1 (f) or 13d-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 l3d-7 for other
parties to whom copies are to be sent.
Page 1 of 20 Pages
Page 2 of 20 Pages
Cusip No. 29380T105
- -----------------------------------------------------------------
l. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
BRT Realty Trust- 13-2755856
- -----------------------------------------------------------------
2. CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)X
(b)
- -----------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------
4. SOURCE OF FUNDS*
WC
- -----------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
- -----------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts
- -----------------------------------------------------------------
7. SOLE VOTING POWER - 1,355,600
NUMBER OF _____________________________________________
SHARES 8. SHARED VOTING POWER -
BENEFICIALLY ____________________________________________
OWNED BY 9. SOLE DISPOSITIVE POWER - 1,355,600
EACH _____________________________________________
REPORTING 10. SHARED DISPOSITIVE POWER -
PERSON WITH _____________________________________________
- -----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON - 1,355,600
- -----------------------------------------------------------------
12. CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
- -----------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.21%
- -----------------------------------------------------------------
14. TYPE OF
REPORTING PERSON*
OO
Page 3 of 20 Pages
Cusip No. 29380T105
l. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gould Investors L.P. - 11-2763164
- -----------------------------------------------------------------
2. CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)X
(b)
- -----------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------
4. SOURCE OF FUNDS*
WC
- -----------------------------------------------------------------
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 - 1,500
NUMBER OF _____________________________________________
SHARES 8. SHARED VOTING POWER - 28,500 (1)
BENEFICIALLY _____________________________________________
OWNED BY 9. SOLE DISPOSITIVE POWER - 1,500
EACH _____________________________________________
REPORTING 10. SHARED DISPOSITIVE POWER - 28,500 (1)
PERSON WITH _____________________________________________
- -----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON - 30,000 (1)
- -----------------------------------------------------------------
12. CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
- -----------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
LESS THAN 1%
- -----------------------------------------------------------------
Page 4 of 20 Pages
14. TYPE OF
REPORTING PERSON*
PN
(1) Gould Investors L.P. is a member of SASS/Gould Real Estate Securities LLC, a
limited liability company, which is the succesor to SASS/Gould REIT Partners. An
affiliate of Gould Investors L.P. is a sub-advisor to the Managing Member of the
limited liability company. Gould Investors L.P. may be deemed to have shared
voting and shared dispositive power with respect to the shares owned by
SASS/Gould Real Estate Securities LLC.
Page 5 of 20 Pages
Cusip No. 29380T105
l. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ONE LIBERTY PROPERTIES, INC. - 13-3147497
- -----------------------------------------------------------------
2. CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)X
(b)
- ------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------
4. SOURCE OF FUNDS*
WC
- -----------------------------------------------------------------
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 - 2,625
NUMBER OF _____________________________________________
SHARES 8. SHARED VOTING POWER -
BENEFICIALLY ____________________________________________
OWNED BY 9. SOLE DISPOSITIVE POWER - 2,625
EACH _____________________________________________
REPORTING 10. SHARED DISPOSITIVE POWER -
PERSON WITH _____________________________________________
- -----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON - 2,625
- -----------------------------------------------------------------
12. CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
- -----------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
LESS THAN 1%
- -----------------------------------------------------------------
14. TYPE OF
REPORTING PERSON *
CO
Page 6 of 20 Pages
Cusip No. 29380T105
l. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SASS/GOULD Real Estate Securities LLC (1)
- -----------------------------------------------------------------
2. CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)X
(b)
- -----------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------
4. SOURCE OF FUNDS*
WC
- -----------------------------------------------------------------
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 - 28,500
NUMBER OF _____________________________________________
SHARES 8. SHARED VOTING POWER -
BENEFICIALLY ____________________________________________
OWNED BY 9. SOLE DISPOSITIVE POWER - 28,500
EACH _____________________________________________
REPORTING 10. SHARED DISPOSITIVE POWER -
PERSON WITH _____________________________________________
- -----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON - 28,500
- -----------------------------------------------------------------
12. CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
- ---------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
LESS THAN 1%
- -----------------------------------------------------------------
14. TYPE OF
REPORTING PERSON*
OO
(1) Successor to SASS/Gould REIT Partners.
Page 7 of 20 Pages
Cusip No. 29380T105
l. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Fredric H. Gould and Fredric H. Gould Spousal IRA ###-##-####
- -----------------------------------------------------------------
2. CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)X
(b)
- -----------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------
4. SOURCE OF FUNDS*
PF
- -----------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
- -----------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -----------------------------------------------------------------
7. SOLE VOTING POWER - 2,112 (1)
NUMBER OF _____________________________________________
SHARES 8. SHARED VOTING POWER - 1,388,225 (2)
BENEFICIALLY _____________________________________________
OWNED BY 9. SOLE DISPOSITIVE POWER - 2,112 (1)
EACH ______________________________________________
REPORTING 10. SHARED DISPOSITIVE POWER - 1,388,225 (2)
PERSON WITH _____________________________________________
- -----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON - 1,390,337
- -----------------------------------------------------------------
12. CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
- -----------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
LESS THAN 9.44%
- -----------------------------------------------------------------
14. TYPE OF
REPORTING PERSON*
IN
NOTE: - (1) The 2,112 shares includes 1,850 shares owned by Fredric H. Gould,
individually, and 262 shares owned by Fredric H. Gould Spousal IRA.
Page 8 of 20 Pages
(2) Fredric H. Gould is Chairman of the Board and Chief Executive Officer of BRT
Realty Trust, a General Partner of Gould Investors L.P. and Chairman of the
Board and Chief Executive Officer of One Liberty Properties, Inc. Gould
Investors L.P. is a member of SASS/Gould Real Estate Securities LLC and an
affiliate of Gould Investors L.P. is the sub-advisor to the limited liability
company. Mr. Gould may be deemed to have shared voting and shared dispositive
power as to the Common Shares of the Company owned by these entities.
Page 9 of 20 Pages
Cusip No. 29380T105
l. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Helaine Gould - ###-##-####
- -----------------------------------------------------------------
2. CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)X
(b)
- -----------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------
4. SOURCE OF FUNDS*
PF
- -----------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
- -----------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -----------------------------------------------------------------
7. SOLE VOTING POWER - 1,000
NUMBER OF _____________________________________________
SHARES 8. SHARED VOTING POWER -
BENEFICIALLY ____________________________________________
OWNED BY 9. SOLE DISPOSITIVE POWER - 1,000
EACH _____________________________________________
REPORTING 10. SHARED DISPOSITIVE POWER -
PERSON WITH _____________________________________________
- -----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON - 1,000
- -----------------------------------------------------------------
12. CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
- -----------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
LESS THAN 1%
- -----------------------------------------------------------------
14. TYPE OF
REPORTING PERSON*
IN
Page 10 of 20 Pages
Cusip No. 29380T105
l. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jeffrey Gould - ###-##-####
- -----------------------------------------------------------------
2. CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)X
(b)
- -----------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------
4. SOURCE OF FUNDS*
PF
- -----------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
- -----------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -----------------------------------------------------------------
7. SOLE VOTING POWER - 300
NUMBER OF _____________________________________________
SHARES 8. SHARED VOTING POWER - 1,355,600 (1)
BENEFICIALLY _____________________________________________
OWNED BY 9. SOLE DISPOSITIVE POWER - 300
EACH _____________________________________________
REPORTING 10. SHARED DISPOSITIVE POWER - 1,355,600 (1)
PERSON WITH _____________________________________________
-
- -----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON - 1,355,900
- -----------------------------------------------------------------
12. CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
- -----------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.21%
- -----------------------------------------------------------------
14. TYPE OF
REPORTING PERSON*
IN
(1) Jeffrey Gould is President of BRT Realty Trust. Accordingly, he may be
deemed to have shared voting and shared dispositive power over the shares
owned by BRT Realty Trust.
Page 11 of 20 Pages
Cusip No. 29380T105
l. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Matthew Gould - ###-##-####
- -----------------------------------------------------------------
2. CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)X
(b)
- -----------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------
4. SOURCE OF FUNDS*
PF
- -----------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
- -----------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -----------------------------------------------------------------
7. SOLE VOTING POWER - 350
NUMBER OF _____________________________________________
SHARES 8. SHARED VOTING POWER - 30,000 (1)
BENEFICIALLY _____________________________________________
-----
OWNED BY 9. SOLE DISPOSITIVE POWER - 350
EACH _____________________________________________
REPORTING 10. SHARED DISPOSITIVE POWER - 30,000(1)
PERSON WITH _____________________________________________
- -----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON - 30,350
- -----------------------------------------------------------------
12. CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
- -----------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
LESS THAN 1%
- -----------------------------------------------------------------
14. TYPE OF
REPORTING PERSON*
IN
(1) Matthew Gould is President of the managing corporate general partner of
Gould Investors L.P. Accordingly, he may be deemed to have shared voting and
shared dispositive power over the shares owned by Gould Investors L.P. and the
shares owned by SASS/Gould Real Estate Securities LLC.
Page 12 of 20 Pages
Cusip No. 29380T105
l. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Israel Rosenzweig - ###-##-#### and Zehavit Rosenzweig,
as joint tenants.
- -----------------------------------------------------------------
2. CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)X
(b)
- -----------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------
4. SOURCE OF FUNDS*
PF
- -----------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
- -----------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -----------------------------------------------------------------
7. SOLE VOTING POWER - 1,000
NUMBER OF _____________________________________________
SHARES 8. SHARED VOTING POWER -
BENEFICIALLY ____________________________________________
OWNED BY 9. SOLE DISPOSITIVE POWER - 1,000
EACH _____________________________________________
REPORTING 10. SHARED DISPOSITIVE POWER -
PERSON WITH _____________________________________________
- -----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON - 1,000
- -----------------------------------------------------------------
12. CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
- -----------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
LESS THAN 1%
- -----------------------------------------------------------------
14. TYPE OF
REPORTING PERSON*
IN
Page 13 of 20 Pages
Cusip No. 29380T105
l. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Israel Rosenzweig - Keogh Account, 068-52-3463 and Israel
Rosenzweig as custodian for Alon Rosenzweig under New York
Uniform Gift to Minors Act - ###-##-####.
- -----------------------------------------------------------------
2. CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)X
(b)
- -----------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------
4. SOURCE OF FUNDS*
PF
- -----------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
-----------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -----------------------------------------------------------------
7. SOLE VOTING POWER - 4,300
NUMBER OF _____________________________________________
SHARES 8. SHARED VOTING POWER -
BENEFICIALLY ____________________________________________
OWNED BY 9. SOLE DISPOSITIVE POWER - 4,300
EACH _____________________________________________
REPORTING 10. SHARED DISPOSITIVE POWER -
PERSON WITH _____________________________________________
- -----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON - 4,300
- -----------------------------------------------------------------
12. CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
- -----------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
LESS THAN 1%
- -----------------------------------------------------------------
14. TYPE OF
REPORTING PERSON*
IN
NOTE: The 4,300 shares includes 4,100 shares held in a Keogh Account established
by Mr. Rosenzweig and 200 shares are held by him as a custodian for his son.
Page 14 of 20 Pages
This Amendment amends and supplements Schedule 13D filed with the Securities and
Exchange Commission on March 13, 2000, as amended to date. Except as amended by
this amendment, there has been no change in the information previously reported
on Schedule 13D.
Item 4. Purpose of Transaction
On April 10, 2001 BRT issued a press release advising that on it commenced a
cash tender offer to purchase up to 1,000,000 shares of beneficial interest
of the Company for $18.00 per share. A copy of the press release is filed as
an exhibit to this Schedule 13D.
Page 15 of 20 Pages
Item 5. Interest in Securities of the Issuer
BRT owns, as of this date, 1,355,600 Common Shares of the Company, constituting
approximately 9.21% of the 14,722,762 Common Shares outstanding.
In the aggregate, BRT, the Partnership, OLP, Sass/Gould, Fredric H. Gould,
individually and in his Spousal IRA, Helaine Gould, Matthew Gould, Jeffrey Gould
and Israel Rosenzweig, who are filing as a group, own 1,397,287 Common Shares in
the aggregate, or 9.49% of the outstanding Common Shares of the Company.
Page 16 of 20 Pages
Except as set forth in Schedule 13D, as amended to date, BRT, its executive
officers and trustees, the Partnership, its general partners (including officers
and directors of its corporate general partner), OLP, its officers and
directors, Sass/Gould and its managing member and sub-advisor, Fredric H. Gould,
Helaine Gould, Matthew Gould, Jeffrey Gould, Israel Rosenzweig and Zehavit
Rosenzweig (i) do not own or have the right to acquire, directly or indirectly,
any Common Shares of the Company; and (ii) have not in the past sixty (60) days
effected any transactions in Common Shares of the Company.
Item 7. Exhibit (1) (a) Agreement to file jointly. Filed with Schedule 13D.
(b) Power of Attorney. Filed with Schedule 13D.
(2) Letter dated May 31, 2000 from BRT Realty Trust to the
Board of Trustees of the Company. Filed with Amendment No. 3 to Schedule 13D.
(3) Letter dated September 7, 2000 from BRT Realty Trust to
the President of the Company. Filed with Amendment No. 4 to Schedule 13D.
(4) Letter dated September 27, 2000 from BRT Realty Trust
to the President of the Company. Filed with Amendment No. 5 to Schedule 13D.
(5) Letter dated October 4, 2000 from the President of the
Company to BRT Realty Trust. Filed with Amendment No. 6 to Schedule 13D.
(6) Letter dated October 6, 2000 from BRT Realty Trust to
the President of the Company. Filed with Amendment No. 6 to Schedule 13D.
(7) Letter dated October 6, 2000 from the President of the
Company to BRT Realty Trust. Filed with Amendment No. 7 to Schedule 13D.
(8) Letter dated October 11, 2000 from BRT Realty Trust to
UMB Bank, N.A. Filed with Amendment No. 7 to Schedule 13D.
(9) Letter dated February 7, 2001 from BRT Realty Trust to
the President of the Company. Filed with Amendment No. 8 to Schedule 13D.
Page 17 of 20 Pages
(10) Notice dated February 7, 2001 from BRT Realty Trust to
the Company with respect to 2001 Annual Meeting. Filed with Amendment No. 8 to
Schedule 13D.
11) Letter dated February 20, 2001 from BRT Realty Trust to
the Company with respect to 2001 Annual Meeting Filed with Amendment No. 9 to
Schedule 13D.
12) Notice dated February 20, 2001 from BRT Realty Trust to
the Company with respect to 2001 Annual Meeting. Filed with Amendment No. 9
to Schedule 13D.
13) Press Release issued by BRT on April 2, 2001. Filed
with Amendment No. 10 to Schedule 13D.
14) Press Release issued by BRT on April 10, 2001. Filed
with Amendment No. 11 to Schedule 13D.
Page 18 of 20 Pages
Signature
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this amendment to the statement is true,
complete and correct.
Dated: April 10, 2001
BRT REALTY TRUST s/Fredric H. Gould
---------------------
Fredric H. Gould
By s/Jeffrey Gould
- ---------------------
Jeffrey Gould, s/Fredric H. Gould
President ---------------------
Fredric H. Gould Spousal
IRA
GOULD INVESTORS L.P. s/Helaine Gould
By: GEORGETOWN PARTNERS, INC. ---------------------
MANAGING GENERAL PARTNER By:Simeon Brinberg, Attorney in Fact
------------------------------------
By: s/Simeon Brinberg Helaine Gould
- ---------------------------- s/Matthew Gould
Simeon Brinberg, ---------------------
Senior Vice President Matthew Gould
s/Jeffrey Gould
---------------------
ONE LIBERTY PROPERTIES, INC. Jeffrey Gould
By: s/Mark H. Lundy s/Israel Rosenzweig
------------------------ ---------------------
Mark H. Lundy, Israel Rosenzweig,
Secretary Individually and as
Custodian
s/Zehavit Rosenzweig
SASS/GOULD REAL ESTATE By: Simeon Brinberg,Attorney in Fact
SECURITIES LLC, ------------------------------------
BY: M.D. SASS INVESTORS Zehavit Rosenzweig
SERVICES, INC.
BY: s/Martin E. Winter
- ---------------------------
Martin E. Winter,
Senior Vice President
Page 19 of 20 Pages
BRT REALTY TRUST
60 Cutter Mill Road
Suite 303
Great Neck, NY 11021
(516) 466-3100 - Telephone
(516) 466-3132 - Telecopier
BRT Commences Cash Tender Offer for 1 Million Shares of EPR
GREAT NECK, N.Y., April 10, 2001 -- BRT Realty Trust (NYSE:BRT) announced today
that it is commencing a cash tender offer to purchase up to 1,000,000 shares of
beneficial interest of Entertainment Properties Trust (NYSE:EPR) for $18.00 per
share. This represents a 29% premium to yesterday's closing price. BRT currently
owns 1,355,600 shares, or approximately 9.2% of the outstanding shares of EPR.
Fredric H. Gould, BRT's Chairman and Chief Executive Officer, said, "BRT is
making this offer to increase its investment in Entertainment Properties because
we believe in the long-term value of EPR. The offer gives shareholders the
chance to sell some of their shares at a significant premium and still retain an
interest in EPR's future growth."
The tender offer is conditioned upon: (1) Fredric Gould's election and
qualification to the Board of Trustees of EPR; and (2) the Board of Trustees
granting BRT an unqualified exemption from the 9.8% ownership limitation in its
Declaration of Trust and from the voting restrictions under Maryland law arising
from BRT owning more than 10% of the shares. The offer is also subject to other
customary conditions, but is not conditioned upon financing. The tender offer
and withdrawal rights are scheduled to expire at 5:00 p.m., New York City time
on Tuesday, May 15, 2001, unless extended.
BRT is currently soliciting proxies for the election of Mr. Gould to the Board
of EPR at the upcoming shareholders' meeting, currently scheduled for May 9,
2001.
Georgeson Shareholder Communications Inc. is acting as Information Agent for
the offer and Proxy Solicitor for the election of Mr. Gould.
BRT Realty Trust is a mortgage-oriented real estate investment trust.
More detailed information pertaining to BRT's tender offer and proxy
solicitation is set forth in BRT's tender offer statement, proxy statement and
other filings to be made with the SEC. We urge shareholders to read BRT's tender
offer statement, proxy statement and other relevant documents that have been and
may be filed with the SEC because they do and will contain important
information. Shareholders will be able to obtain a free copy of any filings
containing information about BRT and EPR, without charge, at the SEC's Internet
site (HTTP://WWW.SEC.GOV).
Copies of any filings containing information about BRT can also be
Page 20 of 20 Pages
obtained, without charge, by directing a request to BRT Realty Trust, 60 Cutter
Mill Road, Great Neck, New York 11021, Attention: Secretary (516) 466-3100).
Certain information contained herein is forward-looking. The forward-looking
statements should not be relied upon since they involve known and unknown risks,
uncertainties and other factors, which, in some cases, are beyond BRT's control
and could materially affect actual results, performance or achievements.
Contact: Simeon Brinberg, Senior Vice President 516.466.3100