-----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, E63gnVFFvfADXE91tyyNjOkNdYgd6/PlT6jrV0gVctt6SBOhyH9/odiwvYnYKBTw Z4HnpuDD//qB/gJXi70/Sw== 0000950144-03-011083.txt : 20030925 0000950144-03-011083.hdr.sgml : 20030925 20030925142824 ACCESSION NUMBER: 0000950144-03-011083 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030925 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030925 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SUMMIT PROPERTIES PARTNERSHIP L P CENTRAL INDEX KEY: 0001034235 STANDARD INDUSTRIAL CLASSIFICATION: OPERATORS OF APARTMENT BUILDINGS [6513] IRS NUMBER: 561857809 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22411 FILM NUMBER: 03909812 BUSINESS ADDRESS: STREET 1: 212 SOUTH TRYON ST 5TH FLOOR STREET 2: STE 500 CITY: CHARLOTTE STATE: NC ZIP: 28281 BUSINESS PHONE: 7043349905 MAIL ADDRESS: STREET 1: 212 SOUTH TYRON STREET 5TH FLOOR CITY: CHARLOTTE STATE: NC ZIP: 28281 8-K 1 g85006k2e8vk.htm SUMMIT PROPERTIES PARTNERSHIP, L.P. SUMMIT PROPERTIES PARTNERSHIP, L.P.
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):   September 25, 2003

SUMMIT PROPERTIES PARTNERSHIP, L.P.
(Exact name of Registrant as specified in its charter)

         
Delaware
(State or Other Jurisdiction
of Incorporation)		   1-22411
(Commission File Number) 		  56-1857809
(I.R.S. Employer
Identification No.)

309 East Morehead Street, Suite 200, Charlotte, NC 28202
(Address of Principal Executive Offices) (Zip Code)

(704) 334-3000
(Registrant’s telephone number, including area code)

N/A
(Former Name or Former Address, if Changed Since Last Report)

 

 

Item 5. Other Events and Required FD Disclosure.

     On September 25, 2003, Summit Properties Inc. (the “Company”) completed the sale of 2,300,000 shares of common stock, par value $.01 per share (the “Common Stock”), to certain investment advisory clients of Cohen & Steers Capital Management, Inc., at a price of $21.81 per share. The offering and sale of the Common Stock was made pursuant to a prospectus supplement dated September 18, 2003 relating to the prospectus dated August 6, 1999 included in the Company’s registration statement on Form S-3 (File No. 333-83781). The Company is the sole general partner of Summit Properties Partnership, L.P. (the “Operating Partnership”).

     The net proceeds to the Company from the sale of the Common Stock are expected to be approximately $50.1 million after deducting anticipated offering expenses. The Company intends to use the net proceeds from this offering for general corporate purposes, including the redemption of preferred units of the Operating Partnership, acquisition and development opportunities, and the reduction of debt. Pending such uses, the net proceeds will be used to repay a portion of the Operating Partnership’s outstanding indebtedness under its secured credit facility. The uses of these net proceeds among the items listed above and their timing will depend on a number of factors, including changes in the Company’s operations or business plan and changes in economic and industry conditions.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

     (c)  Exhibits.

     
99.1   Purchase Agreement, dated as of September 18, 2003, by and among the Company, Cohen & Steers Capital Management, Inc. and certain Purchasers named therein (incorporated by reference to Exhibit 99.1 to the Company’s Current Report on Form 8-K filed on September 25, 2003, File No. 001-12792).

 

 

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

         
    SUMMIT PROPERTIES PARTNERSHIP, L.P.
         
    By: Summit Properties Inc., its General Partner
         
Dated: September 25, 2003   By:   /s/ Gregg D. Adzema
       
        Gregg D. Adzema
        Executive Vice President and Chief Financial Office

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