-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, StlieF+EVRTePIhGTKlfUxUtq+wMwXHT04GmAPwGX0z/RaYba8wn8axmO7+ix9Yt R8CEgN+tj6/jcuHmPVH2sg== 0001078107-03-000012.txt : 20030718 0001078107-03-000012.hdr.sgml : 20030718 20030718140028 ACCESSION NUMBER: 0001078107-03-000012 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030718 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FIRST UNION REAL ESTATE EQUITY & MORTGAGE INVESTMENTS CENTRAL INDEX KEY: 0000037008 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 346513657 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-19676 FILM NUMBER: 03792795 BUSINESS ADDRESS: STREET 1: 551 FIFTH AVE STREET 2: STE 1416 CITY: NEW YORK STATE: NY ZIP: 10176 BUSINESS PHONE: 2129051104 MAIL ADDRESS: STREET 1: 551 FIFTH AVE STREET 2: SUITE 1416 CITY: NEW YORK STATE: NY ZIP: 10176 FORMER COMPANY: FORMER CONFORMED NAME: FIRST UNION REALTY DATE OF NAME CHANGE: 19691012 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KENSINGTON INVESTMENT GROUP INC CENTRAL INDEX KEY: 0001078107 IRS NUMBER: 680309666 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 4 ORINDA WAY STREET 2: STE 220-D CITY: ORINDA STATE: CA ZIP: 94563 BUSINESS PHONE: 9252532949 MAIL ADDRESS: STREET 1: 4 ORINDA WAY STREET 2: SUITE 220-D CITY: ORINDA STATE: CA ZIP: 94563 SC 13G 1 fur13g071703.txt BODY UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* First Union Real Estate ------------------------------------------------------------------------------- (Name of Issuer) Common Stock, Par Value $1.00 ------------------------------------------------------------------------------- (Title of Class of Securities) 337400105 ------------------------------------------------------------------------------- (CUSIP Number) February 10, 2003 ------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Settlement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *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). SCHEDULE 13G CUSIP No. 337400105 Page 2 of 4 Pages ------------- --- --- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Kensington Investment Group, Inc., IRS ID# 68-0309666 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [x] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware, USA - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER Number of Shares 3,777,600 Beneficially --------------------------------------------- Owned by 6 SHARED VOTING POWER Each Reporting -0- Person --------------------------------------------- With 7 SOLE DISPOSITIVE POWER 3,777,600 --------------------------------------------- 8 SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,777,600 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.85% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IA - -------------------------------------------------------------------------------- SCHEDULE 13G CUSIP No. 337400105 Page 3 of 4 Pages --------------- --- --- Item 1. (a) Name of Issuer: First Union Real Estate (b) Address of Issuer's Principal Executive Offices: 125 Park Avenue, 14th Floor New York, NY 10017 Item 2. (a) Name of Person Filing: Kensington Investment Group, Inc. (b) Business Address: 4 Orinda Way, Suite 220D, Orinda, CA 94563 (c) Citizenship: USA (d) Title of Class of Securities: Common Stock (e) CUSIP Number: Item 3. Not applicable Item 4. Ownership (a) Amount beneficially owned: 3,777,600 shares of common stock. (b) Percent of class: 10.85% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 3,777,600 shares (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 3,777,600 shares (iv) Shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class Not applicable. Item 6. Ownership of More Than Five Percent on Behalf of Another Person Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported On By the Parent Holding Company Not applicable. SCHEDULE 13G CUSIP No. 337400105 Page 4 of 4 Pages --------------- --- --- Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group Not applicable. Item 10. Certification (a) Not applicable (b) By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. After reasonable inquiry and to the best of my information and belief, I certify that the information set forth in this statement is true, complete, and correct. July 17`, 2003 Kensington Investment Group, Inc. By: /s/ John P. Kramer John P. Kramer, President -----END PRIVACY-ENHANCED MESSAGE-----