-----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, RT9OhiTQBZsgUTidPNEUh49VURS/gdcOPQeCuVFgpes065JXS9pE9ronvViqfr4A JorCOAE8jzWd3WVMYgSKvA== 0000905148-03-003492.txt : 20031010 0000905148-03-003492.hdr.sgml : 20031010 20031010145222 ACCESSION NUMBER: 0000905148-03-003492 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20031010 GROUP MEMBERS: CLIFFWOOD ABSOLUTE RETURN STRATEGY, L.P. GROUP MEMBERS: CLIFFWOOD ABSOLUTE RETURN STRATEGY, LTD. GROUP MEMBERS: CLIFFWOOD EQUITY FUND, L.P. GROUP MEMBERS: CLIFFWOOD VALUE EQUITY FUND, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ACADIA REALTY TRUST CENTRAL INDEX KEY: 0000899629 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 232715194 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-44442 FILM NUMBER: 03936882 BUSINESS ADDRESS: STREET 1: 20 SOUNDVIEW MARKETPLACE STREET 2: PO BOX 1679 CITY: PORT WASHINGTON STATE: NY ZIP: 11050 BUSINESS PHONE: 5167678830 MAIL ADDRESS: STREET 1: 600 THIRD AVE STREET 2: PO BOX 1679 CITY: KINGSTON STATE: PA ZIP: 18704 FORMER COMPANY: FORMER CONFORMED NAME: MARK CENTERS TRUST DATE OF NAME CHANGE: 19930329 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CLIFFWOOD PARTNERS LLC CENTRAL INDEX KEY: 0001105623 IRS NUMBER: 954648555 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 11726 SAN VICENTE BLVD STREET 2: SUITE 600 CITY: LOS ANGELES STATE: CA ZIP: 90049 BUSINESS PHONE: 3104420370 MAIL ADDRESS: STREET 1: 11726 SAN VICENTE BLVD STREET 2: SUITE 600 CITY: LOS ANGELES STATE: CA ZIP: 90049 SC 13G 1 efc3-1504_5450440sc13g.txt UNITED STATES SECURITIES 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) Under the Securities Exchange Act of 1934 Acadia Realty Trust -------------------------------- (Name of Issuer) Common Shares of Beneficial Interest, par value $.001 ---------------------------------------------------------------- (Title of Class of Securities) 004239109 ----------------------- (CUSIP Number) September 30, 2003 ---------------------------------------- (Date of Event which Requires Filing of this Statement) 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)
CUSIP No. 004239109 ................................................................................................................................... 1. Names of Reporting Persons. Cliffwood Partners LLC I.R.S. Identification Nos. of above persons (entities only): 95-4648555 ................................................................................................................................... 2. Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] ................................................................................................................................... 3. SEC Use Only ................................................................................................................................... 4. Citizenship or Place of Organization Delaware, United States ................................... ............................................................................................... Number of 5. Sole Voting Power None Shares ........................................................................................................ Beneficially 6. Shared Voting Power 1,639,200 Owned by ........................................................................................................ Each 7. Sole Dispositive Power None Reporting ........................................................................................................ Person With 8. Share Dispositive Power 1,639,200 ............ ...................................................................................................................... 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,639,200 ............ ...................................................................................................................... 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] ............ ...................................................................................................................... 11. Percent of Class Represented by Amount in Row (9) 6.0% based on 27,136,845 shares outstanding as of August 12, 2003. ............ ...................................................................................................................... 12. Type of Reporting Person IA ................................................................................................................................... 2 ................................................................................................................................... 1. Names of Reporting Persons. Cliffwood Equity Fund, L.P. I.R.S. Identification Nos. of above persons (entities only): 95-4486713 ................................................................................................................................... 2. Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] ................................................................................................................................... 3. SEC Use Only ................................................................................................................................... 4. Citizenship or Place of Organization Delaware, United States ................................................................................................................................... Number of 5. Sole Voting Power None Shares ........................................................................................................ Beneficially 6. Shared Voting Power 1,639,200 Owned by ........................................................................................................ Each 7. Sole Dispositive Power None Reporting ........................................................................................................ Person With 8. Share Dispositive Power 1,639,200 ................................................................................................................................... 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,639,200 ................................................................................................................................... 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] ................................................................................................................................... 11. Percent of Class Represented by Amount in Row (9) 6.0% based on 27,136,845 shares outstanding as of August 12, 2003. ................................................................................................................................... 12. Type of Reporting Person PN 3 ................................................................................................................................... 1. Names of Reporting Persons. Cliffwood Absolute Return Strategy, L.P. I.R.S. Identification Nos. of above persons (entities only): 95-4789951 ................................................................................................................................... 2. Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] ................................................................................................................................... 3. SEC Use Only ................................................................................................................................... 4. Citizenship or Place of Organization Delaware, United States ................................................................................................................................... Number of 5. Sole Voting Power None Shares ........................................................................................................ Beneficially 6. Shared Voting Power 1,639,200 Owned by ........................................................................................................ Each 7. Sole Dispositive Power None Reporting ........................................................................................................ Person With 8. Share Dispositive Power 1,639,200 ................................................................................................................................... 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,639,200 ................................................................................................................................... 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] ................................................................................................................................... 11. Percent of Class Represented by Amount in Row (9) 6.0% based on 27,136,845 shares outstanding as of August 12, 2003. ................................................................................................................................... 12. Type of Reporting Person PN 4 ................................................................................................................................... 1. Names of Reporting Persons. Cliffwood Absolute Return Strategy, Ltd. I.R.S. Identification Nos. of above persons (entities only): N/A ................................................................................................................................... 2. Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] ................................................................................................................................... 3. SEC Use Only ................................................................................................................................... 4. Citizenship or Place of Organization Cayman Islands, British West Indies ................................................................................................................................... Number of 5. Sole Voting Power None Shares ........................................................................................................ Beneficially 6. Shared Voting Power 1,639,200 Owned by ........................................................................................................ Each 7. Sole Dispositive Power None Reporting ........................................................................................................ Person With 8. Share Dispositive Power 1,639,200 ................................................................................................................................... 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,639,200 ................................................................................................................................... 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] ................................................................................................................................... 11. Percent of Class Represented by Amount in Row (9) 6.0% based on 27,136,845 shares outstanding as of August 12, 2003. ................................................................................................................................... 12. Type of Reporting Person OO 5 ................................................................................................................................... 1. Names of Reporting Persons. Cliffwood Value Equity Fund, L.P. I.R.S. Identification Nos. of above persons (entities only): 95-4817104 ................................................................................................................................... 2. Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] ................................................................................................................................... 53. SEC Use Only ................................................................................................................................... 4. Citizenship or Place of Organization Delaware, United States ................................................................................................................................... Number of 5. Sole Voting Power None Shares ........................................................................................................ Beneficially 6. Shared Voting Power 1,639,200 Owned by ........................................................................................................ Each 7. Sole Dispositive Power None Reporting ........................................................................................................ Person With 8. Share Dispositive Power 1,639,200 ................................................................................................................................... 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,639,200 ................................................................................................................................... 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] ................................................................................................................................... 11. Percent of Class Represented by Amount in Row (9) 6.0% based on 27,136,845 shares outstanding as of August 12, 2003. ................................................................................................................................... 12. Type of Reporting Person PN
6 Item 1(a). Name of Issuer: Acadia Realty Trust Item 1(b). Address of Issuer's Principal Executive Offices: 1311 Mamaroneck Avenue White Plains, NY 10605 914-288-8100 Item 2(a). Name of Person Filing Item 2(b). Address of Principal Business Office or, if None, Residence Item 2(c). Citizenship Cliffwood Partners LLC 11726 San Vicente Blvd. #600 Los Angeles, CA 90049 Delaware limited liability company Cliffwood Equity Fund, L.P. c/o Cliffwood Partners LLC 11726 San Vicente Blvd. #600 Los Angeles, CA 90049 Delaware limited partnership Cliffwood Absolute Return Strategy, L.P. c/o Cliffwood Partners LLC 11726 San Vicente Blvd. #600 Los Angeles, CA 90049 Delaware limited partnership Cliffwood Absolute Return Strategy, Ltd. c/o CITCO Fund Services (Cayman Islands) Limited P.O. Box 31106 Corporate Centre West Bay Road Grand Cayman, Cayman Islands British West Indies Cayman Islands exempted company Cliffwood Value Equity Fund, L.P. c/o Cliffwood Partners LLC 11726 San Vicente Blvd. #600 Los Angeles, CA 90049 Delaware limited partnership 7 Item 2(d). Title of Class of Securities: Common Shares of Beneficial Interest, par value $.001 per share Item 2(e). CUSIP Number: 004239109 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) | | Broker or dealer registered under Section 15 of the Exchange Act. (b) | | Bank as defined in Section 3(a)(6) of the Exchange Act. (c) | | Insurance company as defined in Section 3(a)(19) of the Exchange Act. (d) | | Investment company registered under Section 8 of the Investment Company Act. (e) |X| An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) | | An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) | | A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) | | A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) | | A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; (j) | | Group, in accordance with Rule 13d-1(b)(1)(ii)(J). Item 4. Ownership: Cliffwood Partners LLC Cliffwood Equity Fund, L.P. Cliffwood Absolute Return Strategy, L.P. Cliffwood Absolute Return Strategy, Ltd. Cliffwood Value Equity Fund, L.P. Oregon Public Employees Retirement Fund a. Amount beneficially owned: Cliffwood Equity Fund, L.P. beneficially owns 29,600 common shares of beneficial interests; Cliffwood Absolute Return Strategy, L.P. beneficially owns 139,700 common shares of beneficial interests; Cliffwood Absolute Return Strategy, Ltd. beneficially owns 27,100 common shares of beneficial interests; Cliffwood Value Equity Fund, L.P. beneficially owns 1,144,200 shares of common stock, and Oregon Public Employees Retirement Fund beneficially owns 298,600 common shares of beneficial interests (through an account managed by Cliffwood Partners LLC), for an aggregate total of 1,639,200 shares of common stock. 8 b. Percent of Class: 6.0% based on 27,136,845 shares outstanding as of August 12, 2003. The sole power to vote or direct the vote of the entire shareholding and the sole power to dispose of or direct the disposal of the entire shareholding has been delegated to Cliffwood Partners LLC for each of Cliffwood Equity Fund, L.P., Cliffwood Absolute Return Strategy, L.P., Cliffwood Absolute Return Strategy, Ltd., Cliffwood Value Equity Fund, L.P. and Oregon Public Employees Retirement Fund's managed account. 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 acquired and are held in the ordinary course of business and 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. 9 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. October 10, 2003 ------------------------------- Date /s/ Carl B. Tash -------------------------------- Carl B. Tash, CEO CLIFFWOOD PARTNERS LLC /s/ Carl B. Tash - --------------------------- Carl B. Tash, CEO CLIFFWOOD EQUITY FUND, L.P. By: Cliffwood Partners LLC, its general partner /s/ Carl B. Tash - --------------------------- Carl B. Tash, CEO CLIFFWOOD ABSOLUTE RETURN STRATEGY, L.P. By: Cliffwood Partners LLC, its general partner /s/ Carl B. Tash - --------------------------- Carl B. Tash, CEO CLIFFWOOD ABSOLUTE STRATEGY, LTD. By: Cliffwood Partners LLC, as investment manager /s/ Carl B. Tash - --------------------------- Carl B. Tash, CEO CLIFFWOOD VALUE EQUITY FUND, L.P. By: Cliffwood Partners LLC, its general partner /s/ Carl B. Tash - --------------------------- Carl B. Tash, CEO 10 -----END PRIVACY-ENHANCED MESSAGE-----