-----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, CxOZP8GepalvXGsBiBG7lF3B4bCUigczrABNK8C4gdo7H0FEaENBPlQOX365l5AC 7VxlHUcCTmQJ86tF11vLCQ== 0000905148-04-000734.txt : 20040213 0000905148-04-000734.hdr.sgml : 20040213 20040213115013 ACCESSION NUMBER: 0000905148-04-000734 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040213 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/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-44442 FILM NUMBER: 04596053 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/A 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/A 1 efc4-0318_5506163wsc13ga.txt UNITED STATES SECURITIES EXCHANGE COMMISSION Washington, D.C. 20549 - ------------------------------------------------------------------------------ SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1) Acadia Realty Trust ------------------------------------ (Name of Issuer) Common Shares of Beneficial Interest, par value $.001 ----------------------------------------------------------------- (Title of Class of Securities) 004239109 ----------------------------- (CUSIP Number) December 31, 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 1,946,100 Owned by ................................................................................................................... Each 7. Sole Dispositive Power None Reporting ................................................................................................................... Person With 8. Shared Dispositive Power 1,946,100 ................................................................................................................................... 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,946,100 ................................................................................................................................... 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] ................................................................................................................................... 11. Percent of Class Represented by Amount in Row (9) 7.12% based on 27,321,766 shares outstanding as of November 11, 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 1,946,100 Owned by ................................................................................................................... Each 7. Sole Dispositive Power None Reporting ................................................................................................................... Person With 8. Shared Dispositive Power 1,946,100 ................................................................................................................................... 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,946,100 ................................................................................................................................... 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] ................................................................................................................................... 11. Percent of Class Represented by Amount in Row (9) 7.12% based on 27,321,766 shares outstanding as of November 11, 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 1,946,100 Owned by ................................................................................................................... Each 7. Sole Dispositive Power None Reporting ................................................................................................................... Person With 8. Shared Dispositive Power 1,946,100 ................................................................................................................................... 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,946,100 ................................................................................................................................... 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] ................................................................................................................................... 11. Percent of Class Represented by Amount in Row (9) 7.12% based on 27,321,766 shares outstanding as of November 11, 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 1,946,100 Owned by ................................................................................................................... Each 7. Sole Dispositive Power None Reporting ................................................................................................................... Person With 8. Shared Dispositive Power 1,946,100 ................................................................................................................................... 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,946,100 ................................................................................................................................... 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] ................................................................................................................................... 11. Percent of Class Represented by Amount in Row (9) 7.12% based on 27,321,766 shares outstanding as of November 11, 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) [ ] ................................................................................................................................... 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 1,946,100 Owned by ................................................................................................................... Each 7. Sole Dispositive Power None Reporting ................................................................................................................... Person With 8. Shared Dispositive Power 1,946,100 ................................................................................................................................... 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,946,100 ................................................................................................................................... 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] ................................................................................................................................... 11. Percent of Class Represented by Amount in Row (9) 7.12% based on 27,321,766 shares outstanding as of November 11, 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, Suite 260 White Plains, New York 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 Sections 240.13d-1(b) or 240.13d-2(b) or (c), Check the Person Filing is a: (a) | | Broker or dealer registered under Section 15 of the Act. (b) | | Bank as defined in Section 3(a)(6) of the Act. (c) | | Insurance company as defined in Section 3(a)(19) of the Act. (d) | | Investment company registered under Section 8 of the Investment Company Act of 1940. (e) |X| An investment adviser in accordance with Sections 240.13d-1(b)(1)(ii)(E); (f) | | An employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F); (g) | | A parent holding company or control person in accordance with Section 240.13d- 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 of 1940; (j) | | Group, in accordance with Section 240.13d-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 35,100 common shares of beneficial interest; Cliffwood Absolute Return Strategy, L.P. beneficially owns 165,600 common shares of beneficial interest; Cliffwood Absolute Return Strategy, Ltd. beneficially owns 32,200 common shares of beneficial interest; Cliffwood Value Equity Fund, L.P. beneficially owns 1,346,000 common shares of beneficial interest, and Oregon Public Employees Retirement Fund beneficially owns 367,200 common shares of beneficial interest (through an account managed by Cliffwood Partners LLC), for an aggregate total of 1,946,100 common shares of beneficial interest. 8 b. Percent of Class: 7.12% based on 27,321,766 shares outstanding as of November 11, 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. February 13, 2004 ----------------------------- 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 RETURN 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-----