-----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, OeCio20kAVh+4D9RFPBeTnT+mf84fEo3GEqdt7E9EablKj2drd+nfbD98BKtE0qI m8TlJ2Kf9YQiQfRvU7g2mw== 0001029869-98-001394.txt : 19981217 0001029869-98-001394.hdr.sgml : 19981217 ACCESSION NUMBER: 0001029869-98-001394 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19981216 GROUP MEMBERS: AEW CAPITAL MANAGEMENT LP /ADV GROUP MEMBERS: AEW CAPITAL MANAGEMENT, INC. GROUP MEMBERS: AEW TARGETED SECURITIES FUND, L.P. GROUP MEMBERS: AEW TSF, INC. GROUP MEMBERS: AEW TSF, L.L.C. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DEVELOPERS DIVERSIFIED REALTY CORP CENTRAL INDEX KEY: 0000894315 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 341723097 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-43125 FILM NUMBER: 98770801 BUSINESS ADDRESS: STREET 1: 34555 CHAGRIN BLVD CITY: MORELAND HILLS STATE: OH ZIP: 44022 BUSINESS PHONE: 2162474700 MAIL ADDRESS: STREET 1: 34555 CHAGRIN BLVD CITY: MORELAND HILLS STATE: OH ZIP: 44022 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: AEW CAPITAL MANAGEMENT LP /ADV CENTRAL INDEX KEY: 0001027887 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 043329433 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 225 FRANKLIN ST CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6172619000 MAIL ADDRESS: STREET 1: 225 FRANKLIN STREET CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: AEW CAPITAL MANAGEMENT LP /ADV DATE OF NAME CHANGE: 19970708 SC 13G 1 SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b) (c), and (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) (Amendment No. __________)(1) Developers Diversified Realty Corporation - -------------------------------------------------------------------------------- (Name of issuer) Class D Preferred Stock - -------------------------------------------------------------------------------- (Title of class of securities) 251591103 - -------------------------------------------------------------------------------- (CUSIP number) December 9, 1998 - -------------------------------------------------------------------------------- (Date of event which requires filing of this statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [X] Rule 13d-1(c) [ ] Rule 13d-1(d) (Continued on the following pages) (Page 1 of 10 Pages) - ---------------------------- (1) 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 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). CUSIP No. 251591103 SCHEDULE 13G Page 2 of 10 Pages ================================================================================ 1 | NAME OF REPORTING PERSONS | S.S. or I.R.S. Identification No. of Above Persons | | AEW Capital Management, L.P. - -------------------------------------------------------------------------------- 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] | (b) [ ] - -------------------------------------------------------------------------------- 3 | SEC USE ONLY | - -------------------------------------------------------------------------------- 4 | CITIZENSHIP OR PLACE OF ORGANIZATION | | State of Delaware - -------------------------------------------------------------------------------- | 5 | SOLE VOTING POWER | | 140,000 NUMBER OF |----------------------------------------------------------- SHARES | 6 | SHARED VOTING POWER BENEFICIALLY | | None OWNED BY |----------------------------------------------------------- EACH | 7 | SOLE DISPOSITIVE POWER REPORTING | | 140,000 PERSON |----------------------------------------------------------- WITH | 8 | SHARED DISPOSITIVE POWER | | None - -------------------------------------------------------------------------------- 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 140,000 shares of Class D Preferred Stock - -------------------------------------------------------------------------------- 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] | - -------------------------------------------------------------------------------- 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 6.087% - -------------------------------------------------------------------------------- 12 | TYPE OF REPORTING PERSON* | PN ================================================================================ * SEE INSTRUCTIONS CUSIP No. 251591103 SCHEDULE 13G Page 3 of 10 Pages ================================================================================ 1 | NAME OF REPORTING PERSONS | S.S. or I.R.S. Identification No. of Above Persons | | AEW TSF, L.L.C. - -------------------------------------------------------------------------------- 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] | (b) [ ] - -------------------------------------------------------------------------------- 3 | SEC USE ONLY | - -------------------------------------------------------------------------------- 4 | CITIZENSHIP OR PLACE OF ORGANIZATION | | State of Delaware - -------------------------------------------------------------------------------- | 5 | SOLE VOTING POWER | | 140,000 NUMBER OF |----------------------------------------------------------- SHARES | 6 | SHARED VOTING POWER BENEFICIALLY | | None OWNED BY |----------------------------------------------------------- EACH | 7 | SOLE DISPOSITIVE POWER REPORTING | | 140,000 PERSON |----------------------------------------------------------- WITH | 8 | SHARED DISPOSITIVE POWER | | None - -------------------------------------------------------------------------------- 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 140,000 shares of Class D Preferred Stock - -------------------------------------------------------------------------------- 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] | - -------------------------------------------------------------------------------- 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 6.087% - -------------------------------------------------------------------------------- 12 | TYPE OF REPORTING PERSON* | OO ================================================================================ * SEE INSTRUCTIONS CUSIP No. 251591103 SCHEDULE 13G Page 4 of 10 Pages ================================================================================ 1 | NAME OF REPORTING PERSONS | S.S. or I.R.S. Identification No. of Above Persons | | AEW TSF, Inc. - -------------------------------------------------------------------------------- 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] | (b) [ ] - -------------------------------------------------------------------------------- 3 | SEC USE ONLY | - -------------------------------------------------------------------------------- 4 | CITIZENSHIP OR PLACE OF ORGANIZATION | | Delaware - -------------------------------------------------------------------------------- | 5 | SOLE VOTING POWER | | 140,000 NUMBER OF |----------------------------------------------------------- SHARES | 6 | SHARED VOTING POWER BENEFICIALLY | | None OWNED BY |----------------------------------------------------------- EACH | 7 | SOLE DISPOSITIVE POWER REPORTING | | 140,000 PERSON |----------------------------------------------------------- WITH | 8 | SHARED DISPOSITIVE POWER | | None - -------------------------------------------------------------------------------- 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 140,000 shares of Class D Preferred Stock - -------------------------------------------------------------------------------- 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] | - -------------------------------------------------------------------------------- 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 6.087% - -------------------------------------------------------------------------------- 12 | TYPE OF REPORTING PERSON* | CO ================================================================================ * SEE INSTRUCTIONS CUSIP No. 251591103 SCHEDULE 13G Page 5 of 10 Pages ================================================================================ 1 | NAME OF REPORTING PERSONS | S.S. or I.R.S. Identification No. of Above Persons | | AEW Capital Management, Inc. - -------------------------------------------------------------------------------- 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] | (b) [ ] - -------------------------------------------------------------------------------- 3 | SEC USE ONLY | - -------------------------------------------------------------------------------- 4 | CITIZENSHIP OR PLACE OF ORGANIZATION | | Massachusetts - -------------------------------------------------------------------------------- | 5 | SOLE VOTING POWER | | 140,000 NUMBER OF |----------------------------------------------------------- SHARES | 6 | SHARED VOTING POWER BENEFICIALLY | | None OWNED BY |----------------------------------------------------------- EACH | 7 | SOLE DISPOSITIVE POWER REPORTING | | 140,000 PERSON |----------------------------------------------------------- WITH | 8 | SHARED DISPOSITIVE POWER | | None - -------------------------------------------------------------------------------- 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 140,000 shares of Class D Preferred Stock - -------------------------------------------------------------------------------- 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] | - -------------------------------------------------------------------------------- 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 6.087% - -------------------------------------------------------------------------------- 12 | TYPE OF REPORTING PERSON* | CO ================================================================================ * SEE INSTRUCTIONS CUSIP No. 251591103 SCHEDULE 13G Page 6 of 10 Pages ================================================================================ 1 | NAME OF REPORTING PERSONS | S.S. or I.R.S. Identification No. of Above Persons | | AEW Targeted Securities Fund, L.P. - -------------------------------------------------------------------------------- 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] | (b) [ ] - -------------------------------------------------------------------------------- 3 | SEC USE ONLY | - -------------------------------------------------------------------------------- 4 | CITIZENSHIP OR PLACE OF ORGANIZATION | | Delaware - -------------------------------------------------------------------------------- | 5 | SOLE VOTING POWER | | 140,000 NUMBER OF |----------------------------------------------------------- SHARES | 6 | SHARED VOTING POWER BENEFICIALLY | | None OWNED BY |----------------------------------------------------------- EACH | 7 | SOLE DISPOSITIVE POWER REPORTING | | 140,000 PERSON |----------------------------------------------------------- WITH | 8 | SHARED DISPOSITIVE POWER | | None - -------------------------------------------------------------------------------- 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 140,000 shares of Class D Preferred Stock - -------------------------------------------------------------------------------- 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] | - -------------------------------------------------------------------------------- 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 6.087% - -------------------------------------------------------------------------------- 12 | TYPE OF REPORTING PERSON* | LP ================================================================================ * SEE INSTRUCTIONS STATEMENT ON SCHEDULE 13G Item 1(a). Name of Issuer: Developers Diversified Realty Corporation Item 1(b). Address of Issuer's Principal Executive Offices: 34555 Chagrin Boulevard, P.O. Box 8022 Chagrin Falls, Ohio 44022-8022 Item 2(a). Names of Person Filing: AEW Capital Management, L.P. AEW Capital Management, Inc. AEW TSF, L.L.C. AEW TSF, Inc. AEW Targeted Securities Fund, L.P. Item 2(b). Business Mailing Address for the Person Filing: 225 Franklin Street Boston, MA 02110 Item 2(c). Citizenship: Massachusetts for AEW Capital Management, Inc. Delaware for all other entities Item 2(d). Title of Class of Securities: Class D Preferred Stock Item 2(e). CUSIP Number: 251591103 Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), check whether the person filing is a: Not Applicable Item 4. Ownership: (a) Amount Beneficially Owned: 140,000 shares of Class D Preferred Stock (b) Percent of Class: 6.087% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: shares of Class D Preferred Stock (ii) shared power to vote or to direct the vote: None (iii) sole power to dispose or to direct the disposition of: shares of Class D Preferred Stock (iv) shared power to dispose or to direct the disposition of: None Page 7 of 10 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 Item 8. Identification and Classification of Members of the Group: Not Applicable Item 9. Notice of Dissolution of Group: Not Applicable Item 10. Certification: 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 or influencing 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. Page 8 of 10 Signature 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: AEW CAPITAL MANAGEMENT, L.P. By: AEW Capital Management, Inc., its general partner By: /s/ James J. Finnegan ------------------------ Name: James J. Finnegan Title: Vice President AEW CAPITAL MANAGEMENT, INC. By: /s/ James J. Finnegan ------------------------ Name: James J. Finnegan Title: Vice President AEW TSF, L.L.C. By: AEW TSF, Inc., its managing member By: /s/ James J. Finnegan ----------------------- Name: James J. Finnegan Title: Vice President AEW TSF, Inc. By: /s/ James J. Finnegan ----------------------- Name: James J. Finnegan Title: Vice President AEW Targeted Securities Fund, L.P. By: AEW TSF, L.L.C., its general partner By: AEW TSF, Inc., its managing member By: /s/ James J. Finnegan ----------------------- Name: James J. Finnegan Title: Vice President Page 9 of 10 JOINT FILING AGREEMENT In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the Class D Preferred Stock of Developers Diversified Realty Corporation and further agree that this agreement be included as an exhibit to such filing. Each party to the agreement expressly authorizes each other party to file on its behalf any and all amendments to such statement. Each party to this agreement agrees that this joint filing agreement may be signed in counterparts. In evidence whereof, the undersigned have caused this Agreement to be executed on their behalf this 16th day of December, 1998. AEW CAPITAL MANAGEMENT, L.P. By: AEW Capital Management, Inc., its general partner By: /s/ James J. Finnegan ------------------------ Name: James J. Finnegan Title: Vice President AEW CAPITAL MANAGEMENT, INC. By: /s/ James J. Finnegan ------------------------ Name: James J. Finnegan Title: Vice President AEW TSF, L.L.C. By: AEW TSF, Inc., its managing member By: /s/ James J. Finnegan ----------------------- Name: James J. Finnegan Title: Vice President AEW TSF, Inc. By: /s/ James J. Finnegan ----------------------- Name: James J. Finnegan Title: Vice President AEW Targeted Securities Fund, L.P. By: AEW TSF, L.L.C., its general partner By: AEW TSF, Inc., its managing member By: /s/ James J. Finnegan ----------------------- Name: James J. Finnegan Title: Vice President Page 10 of 10 -----END PRIVACY-ENHANCED MESSAGE-----