-----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, Nv5yyLwFi1PK4qUB6lEuv7CUXhlZnjG4cKv5agCCozzf1gxtscd//WzEZsiU78CQ ignpe3c008pXY//OUozIJQ== 0001047469-99-000041.txt : 19990105 0001047469-99-000041.hdr.sgml : 19990105 ACCESSION NUMBER: 0001047469-99-000041 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19990104 GROUP MEMBERS: AEW CAPITAL MANAGEMENT LP /ADV GROUP MEMBERS: AEW CAPITAL MANAGEMENT, INC. GROUP MEMBERS: AEW CAPITAL MANAGEMENT, L.P. 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: AMERICAN REAL ESTATE INVESTMENT CORP CENTRAL INDEX KEY: 0000906113 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 841246585 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-51613 FILM NUMBER: 99500314 BUSINESS ADDRESS: STREET 1: 620 WEST GERMANTOWN PIKE STREET 2: SUITE 200 CITY: PLYMOUTH MEETING STATE: PA ZIP: 19462- BUSINESS PHONE: 6108347950 MAIL ADDRESS: STREET 1: 620 WEST GERMANTOWN PIKE STREET 2: SUITE 200 CITY: PLYMOUTH MEETING STATE: PA ZIP: 19462- FORMER COMPANY: FORMER CONFORMED NAME: AMERICANA REAL ESTATE INVESTMENT CORP DATE OF NAME CHANGE: 19931007 FORMER COMPANY: FORMER CONFORMED NAME: AMERICANA REAL ESTATE INVESTMENT TRUST DATE OF NAME CHANGE: 19930524 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) American Real Estate Investment Corporation - -------------------------------------------------------------------------------- (Name of issuer) Common Stock, par value $.001 per share* - -------------------------------------------------------------------------------- (Title of class of securities) 029166105 - -------------------------------------------------------------------------------- (CUSIP number) December 23, 1998 - -------------------------------------------------------------------------------- (Date of event which requires filing of this statement) * AEW Capital Management, L.P. (the "Recording Person") currently owns Series A Convertible Preferred Stock, par value $.001 per share, of American Real Estate Investment Corporation, which is convertible into Common Stock in accordance with the terms of the Series A Convertible Preferred Stock. 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) SCHEDULE 13G CUSIP No. 029166105 Page 2 of 10 Pages --------- ------------------ - ------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS S.S. or I.R.S. Identification Nos. of above persons AEW Capital Management, L.P. - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER (a) / / OF A GROUP* (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware - ------------------------------------------------------------------------------- NUMBER OF SHARES 5 SOLE VOTING POWER BENEFICIALLY 1,212,121 OWNED BY -------------------------------------------------- EACH REPORTING 6 SHARED VOTING POWER PERSON WITH None -------------------------------------------------- 7 SOLE DISPOSITIVE POWER 1,212,121 -------------------------------------------------- 8 SHARED DISPOSITIVE POWER None - ------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,212,121 shares of the Common Stock - ------------------------------------------------------------------------------- 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 14.15% - ------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - ------------------------------------------------------------------------------- * SEE INSTRUCTIONS SCHEDULE 13G CUSIP No. 029166105 Page 3 of 10 Pages --------- ------------------ - ------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS AEW TSF, L.L.C. - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER (a) / / OF A GROUP* (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware - ------------------------------------------------------------------------------- NUMBER OF SHARES 5 SOLE VOTING POWER BENEFICIALLY 1,212,121 OWNED BY -------------------------------------------------- EACH REPORTING 6 SHARED VOTING POWER PERSON WITH None -------------------------------------------------- 7 SOLE DISPOSITIVE POWER 1,212,121 -------------------------------------------------- 8 SHARED DISPOSITIVE POWER None - ------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,212,121 shares of the Common Stock - ------------------------------------------------------------------------------- 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 14.15% - ------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO - ------------------------------------------------------------------------------- * SEE INSTRUCTIONS SCHEDULE 13G CUSIP No. 029166105 Page 4 of 10 Pages --------- ------------------ - ------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS AEW TSF, Inc. - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER (a) / / OF A GROUP* (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware - ------------------------------------------------------------------------------- NUMBER OF SHARES 5 SOLE VOTING POWER BENEFICIALLY 1,212,121 OWNED BY -------------------------------------------------- EACH REPORTING 6 SHARED VOTING POWER PERSON WITH None -------------------------------------------------- 7 SOLE DISPOSITIVE POWER 1,212,121 -------------------------------------------------- 8 SHARED DISPOSITIVE POWER None - ------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,212,121 shares of the Common Stock - ------------------------------------------------------------------------------- 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 14.15% - ------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* CO - ------------------------------------------------------------------------------- * SEE INSTRUCTIONS SCHEDULE 13G CUSIP No. 029166105 Page 5 of 10 Pages --------- ------------------ - ------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS AEW Capital Management, Inc. - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER (a) / / OF A GROUP* (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Commonwealth of Massachusetts - ------------------------------------------------------------------------------- NUMBER OF SHARES 5 SOLE VOTING POWER BENEFICIALLY 1,212,121 OWNED BY -------------------------------------------------- EACH REPORTING 6 SHARED VOTING POWER PERSON WITH None -------------------------------------------------- 7 SOLE DISPOSITIVE POWER 1,212,121 -------------------------------------------------- 8 SHARED DISPOSITIVE POWER None - ------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,212,121 shares of the Common Stock - ------------------------------------------------------------------------------- 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 14.15% - ------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* CO - ------------------------------------------------------------------------------- * SEE INSTRUCTIONS SCHEDULE 13G CUSIP No. 029166105 Page 6 of 10 Pages --------- ------------------ - ------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS AEW Targeted Securities Fund, L.P. - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER (a) / / OF A GROUP* (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware - ------------------------------------------------------------------------------- NUMBER OF SHARES 5 SOLE VOTING POWER BENEFICIALLY 1,212,121 OWNED BY -------------------------------------------------- EACH REPORTING 6 SHARED VOTING POWER PERSON WITH None -------------------------------------------------- 7 SOLE DISPOSITIVE POWER 1,212,121 -------------------------------------------------- 8 SHARED DISPOSITIVE POWER None - ------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,212,121 shares of the Common Stock - ------------------------------------------------------------------------------- 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 14.15% - ------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - ------------------------------------------------------------------------------- * SEE INSTRUCTIONS STATEMENT ON SCHEDULE 13G Item 1(a). NAME OF ISSUER: --------------- American Real Estate Investment Corporation ------------------------------------------------------------------- Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: ------------------------------------------------ 620 West Germantown Pike, Suite 200 Plymouth Meeting, PA 19462 ------------------------------------------------------------------- Item 2(a). NAME OF PERSON FILING: ---------------------- AEW Capital Management, L.P. AEW Capital Management, Inc. AEW TSF, Inc. AEW TSF, L.L.C. AEW Targeted Securities Fund, L.P. ------------------------------------------------------------------- Item 2(b). BUSINESS MAILING ADDRESS FOR EACH OF THE PERSONS FILING: ----------------------------------------------------------- c/o AEW Capital Management, Inc. 225 Franklin Street Boston, MA 02110 ------------------------------------------------------------------- Item 2(c). CITIZENSHIP: ----------- AEW Capital Management, Inc. - Massachusetts AEW TSF, Inc. - Delaware AEW TSF, L.L.C. - Delaware AEW Targeted Securities Fund, L.P. - Delaware AEW Capital Management, L.P. - Delaware ------------------------------------------------------------------- Item 2(d). TITLE OF CLASS OF SECURITIES: ----------------------------- Common Stock, par value $.001 per share, of American Real Estate Investment Corporation ------------------------------------------------------------------- Item 2(e). CUSIP NUMBER: ------------- 029166105 ------------------------------------------------------------------- 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: 1,212,121 shares of Common Stock --------------------------------------------------------------------------- (b) Percent of class: 14.15% --------------------------------------------------------------------------- (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 1,212,121 shares of Common Stock ----------------------------------------------------------------- (ii) shared power to vote or to direct the vote: None ----------------------------------------------------------------- (iii) sole power to dispose or to direct the disposition of: 1,212,121 shares of Common Stock ----------------------------------------------------------------- (iv) shared power to dispose or to direct the disposition of: None ----------------------------------------------------------------- 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. 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: December 31, 1998 AEW Capital Management, L.P. By: AEW Capital Management, Inc., its general partner By: /s/ J. Grant Monahon ------------------------------ Name: J. Grant Monahon Title: Vice President AEW Capital Management, Inc. By: /s/ J. Grant Monahon ------------------------------ Name: J. Grant Monahon Title: Vice President AEW TSF, L.L.C. By: AEW TSF, Inc., its managing member By: /s/ J. Grant Monahon ------------------------------ Name: J. Grant Monahon Title: Vice President AEW TSF, Inc. By: /s/ J. Grant Monahon ------------------------------ Name: J. Grant Monahon 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/ J. Grant Monahon ------------------------------ Name: J. Grant Monahon Title: Vice President EX-99.1 2 EXHIBIT 99-1 - JOINT FILING AGREEMENT 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 Common Stock of American Real Estate Investment 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 31st day of December, 1998. AEW Capital Management, L.P. By: AEW Capital Management, Inc., its general partner By: /s/ J. Grant Monahon ------------------------------ Name: J. Grant Monahon Title: Vice President AEW Capital Management, Inc. By: /s/ J. Grant Monahon ------------------------------ Name: J. Grant Monahon Title: Vice President AEW TSF, L.L.C. By: AEW TSF, Inc., its managing member By: /s/ J. Grant Monahon ------------------------------ Name: J. Grant Monahon Title: Vice President AEW TSF, Inc. By: /s/ J. Grant Monahon ------------------------------ Name: J. Grant Monahon 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 /s/ J. Grant Monahon ------------------------------ Name: J. Grant Monahon Title: Vice President -----END PRIVACY-ENHANCED MESSAGE-----