-----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, J3v8bwloOonC2CPJ8VRQblHdDcIUQMA7chmaWeKr7KuFvM2HG6e3R7io6drYh6nD ZVUO1hD0WoO+nn/op2WXfg== 0000897204-96-000131.txt : 19961017 0000897204-96-000131.hdr.sgml : 19961017 ACCESSION NUMBER: 0000897204-96-000131 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19961016 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GREAT LAKES REIT INC CENTRAL INDEX KEY: 0000889905 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 363844714 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-46787 FILM NUMBER: 96644082 BUSINESS ADDRESS: STREET 1: 2311 W 22ND STREET SUITE 109 CITY: OAK BROOK STATE: IL ZIP: 60521-1226 BUSINESS PHONE: 7063682900 MAIL ADDRESS: STREET 1: SUITE 109 STREET 2: 2311 W 22ND STREET CITY: OAKBROOK STATE: IL ZIP: 60521-1226 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MORGAN STANLEY INSTITUTIONAL FUND INC CENTRAL INDEX KEY: 0000836487 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 1221 AVENUE OF THE AMERICAS STREET 2: 8TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10020 BUSINESS PHONE: 6175578742 MAIL ADDRESS: STREET 1: 1221 AVENUE OF THE AMERICAS STREET 2: 8TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10020 SC 13D/A 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ---------------------- SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 1) ---------------------- GREAT LAKES REIT, INC. (Name of Issuer) COMMON STOCK, $.01 PAR VALUE PER SHARE (Title of Class of Securities) 390752 10 3 (Cusip Number) ---------------------- HAROLD J. SCHAAFF, JR. MORGAN STANLEY ASSET MANAGEMENT INC. 1221 AVENUE OF THE AMERICAS NEW YORK, NEW YORK 10020 (212) 296-7000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) ---------------------- COPY TO: Leonard B. Mackey, Jr, Esq. Rogers & Wells 200 Park Avenue New York, New York 10166 (212) 878-8000 ---------------------- OCTOBER 3, 1996 (Date of event which requires filing of this statement) =============================================================================== Check box if the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4). Check box if a fee is being paid with the statement. =============================================================================== PAGE
CUSIP No. 390752 10 3 13D Page 2 - ---------------------
====================================================================================== 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON MORGAN STANLEY INSTITUTIONAL FUND, INC. - U.S. REAL ESTATE PORTFOLIO I.R.S.# 13-3808424 - --------------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) - --------------------------------------------------------------------------------------- 3. SEC USE ONLY - --------------------------------------------------------------------------------------- 4. SOURCES OF FUNDS WC - --------------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) - --------------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Maryland - ---------------------------------------------------------------------------------------
7. SOLE VOTING POWER NUMBER OF 0 ------------------------------------------------------------------- UNITS 8. SHARED VOTING POWER BENEFICIALLY 596,780* ------------------------------------------------------------------- OWNED BY 9. SOLE DISPOSITIVE POWER EACH 0 ------------------------------------------------------------------- REPORTING 10. SHARED DISPOSITIVE POWER PERSON WITH 596,780* - ---------------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 596,780* - --------------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES - --------------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.7%* - --------------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IV, CO ======================================================================================
* Includes 30,780 Class A Convertible Preferred shares of the Issuer that are exercisable on a one-to-one basis into Common Stock of the Issuer. PAGE
CUSIP No. 390752 10 3 13D Page 3 - ---------------------
====================================================================================== 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON MORGAN STANLEY SICAV SUBSIDIARY S.A. - --------------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) - --------------------------------------------------------------------------------------- 3. SEC USE ONLY - --------------------------------------------------------------------------------------- 4. SOURCES OF FUNDS AF - --------------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) - --------------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Luxembourg - ---------------------------------------------------------------------------------------
7. SOLE VOTING POWER NUMBER OF 0 ------------------------------------------------------------------- UNITS 8. SHARED VOTING POWER BENEFICIALLY 457,559* ------------------------------------------------------------------- OWNED BY 9. SOLE DISPOSITIVE POWER EACH 0 ------------------------------------------------------------------- REPORTING 10. SHARED DISPOSITIVE POWER PERSON WITH 457,559* - ---------------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 457,559* - --------------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES - --------------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.1%* - --------------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON OO ======================================================================================
* Includes 23,559 Class A Convertible Preferred shares that are exercisable on a one-to-one basis into Common Stock of the Issuer. PAGE
CUSIP No. 390752 10 3 13D Page 4 - ---------------------
====================================================================================== 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON MORGAN STANLEY SICAV - U.S. REAL ESTATE SECURITIES FUND - --------------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) - --------------------------------------------------------------------------------------- 3. SEC USE ONLY - --------------------------------------------------------------------------------------- 4. SOURCES OF FUNDS WC - --------------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) - --------------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Luxembourg - ---------------------------------------------------------------------------------------
7. SOLE VOTING POWER NUMBER OF 0 ------------------------------------------------------------------- UNITS 8. SHARED VOTING POWER BENEFICIALLY 457,559* ------------------------------------------------------------------- OWNED BY 9. SOLE DISPOSITIVE POWER EACH 0 ------------------------------------------------------------------- REPORTING 10. SHARED DISPOSITIVE POWER PERSON WITH 457,559* - ---------------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 457,559* - --------------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES - --------------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.1%* - --------------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON OO ======================================================================================
* Includes 23,559 Class A Convertible Preferred shares of the Issuer that are exercisable on a one-to-one basis into Common Stock of the Issuer. Morgan Stanley SICAV beneficially owns the shares reported herein as the owner of all outstanding capital of Morgan Stanley SICAV Subsidiary S.A. This holding is being simultaneously reported herein by Morgan Stanley SICAV Subsidiary S.A. PAGE
CUSIP No. 390752 10 3 13D Page 5 - ---------------------
====================================================================================== 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON MORGAN STANLEY ASSET MANAGEMENT INC. I.R.S.# 13-3040307 - --------------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) - --------------------------------------------------------------------------------------- 3. SEC USE ONLY - --------------------------------------------------------------------------------------- 4. SOURCES OF FUNDS OO - --------------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) - --------------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ---------------------------------------------------------------------------------------
7. SOLE VOTING POWER NUMBER OF 0 ------------------------------------------------------------------- UNITS 8. SHARED VOTING POWER BENEFICIALLY 1,054,339* ------------------------------------------------------------------- OWNED BY 9. SOLE DISPOSITIVE POWER EACH 0 ------------------------------------------------------------------- REPORTING 10. SHARED DISPOSITIVE POWER PERSON WITH 1,054,339* - ---------------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,054,339* - --------------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES - --------------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.8%* - --------------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IA, CO ======================================================================================
* Includes 54,339 Class A Convertible Preferred shares of the Issuer, exercisable on a one-to-one basis into Common Stock. Morgan Stanley Asset Management Inc. may be deemed to beneficially own the shares reported herein in its capacity as the investment adviser of Morgan Stanley Institutional Fund, Inc. and Morgan Stanley SICAV Subsidiary S.A., whose holdings are being simultaneously reported herein. PAGE
CUSIP No. 390752 10 3 13D Page 6 - ---------------------
====================================================================================== 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON MORGAN STANLEY GROUP INC. IRS# 13-283-8811 - --------------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) - --------------------------------------------------------------------------------------- 3. SEC USE ONLY - --------------------------------------------------------------------------------------- 4. SOURCES OF FUNDS OO - --------------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) - --------------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ---------------------------------------------------------------------------------------
7. SOLE VOTING POWER NUMBER OF 0 ------------------------------------------------------------------- UNITS 8. SHARED VOTING POWER BENEFICIALLY 1,054,339* ------------------------------------------------------------------- OWNED BY 9. SOLE DISPOSITIVE POWER EACH 0 ------------------------------------------------------------------- REPORTING 10. SHARED DISPOSITIVE POWER PERSON WITH 1,054,339* - ---------------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,054,339* - --------------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES - --------------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.8%* - --------------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IA, CO ======================================================================================
* Includes 54,339 Class A Convertible Preferred shares of the Issuer, exercisable on a one-to-one basis into Common Stock. Morgan Stanley Group Inc. may be deemed to beneficially own the shares reported herein in its capacity as the owner of all the outstanding capital of Morgan Stanley Asset Management Inc. This holding is being simultaneously reported herein by Morgan Stanley Asset Management Inc. PAGE AMENDMENT NO. 1 TO SCHEDULE 13D This Statement, which is being filed jointly by Morgan Stanley Institutional Fund, Inc. - U.S. Real Estate Portfolio ("MSIF"), Morgan Stanley SICAV Subsidiary S.A. (the "SICAV Subsidiary"), Morgan Stanley SICAV - U.S. Real Estate Securities Fund ("MSSICAV"), Morgan Stanley Asset Management Inc. ("MSAM") and Morgan Stanley Group Inc. ("MSGI") (each a "Filing Person" and collectively, the "Filing Persons"), constitutes Amendment No. 1 to the Statement on Schedule 13D relating to shares of Common Stock, par value $.01 per share (the "Shares"), of Great Lakes REIT, Inc., a Maryland Corporation (the "Issuer") originally filed by MSIF, the SICAV Subsidiary, MSSICAV, MSAM and MSGI with the Commission on August 30, 1996 (the "Schedule 13D"). Capitalized terms used but not defined in this Amendment No. 1 shall have the meanings ascribed to them in the Schedule 13D. ITEM 4. PURPOSE OF THE TRANSACTION. Item 4 is hereby amended in its entirety as follows: The Filing Persons acquired the Shares described at Item 5(c) below for investment purposes, and in order to protect the investment in the Issuer, the Filing Persons have obtained the right to nominate for election one Director to the Issuer's Board of Directors, and have since the most recent filing on Schedule 13D, exercised this right. The Filing Persons intend to continue to consider various alternative courses of action and will in the future take such actions with respect to their respective equity ownership in the Issuer as each Filing Person deems appropriate in light of the circumstances existing from time to time. Such actions may include making recommendations to management concerning various business strategies, acquisitions, dividend policies and other matters, pursuing a transaction or transactions involving a change in control of the Issuer or such other actions as each Filing Person may deem appropriate. Such actions also may involve the purchase of additional Shares or, alternatively, may involve the sale of all or a portion of the Shares beneficially owned by such Filing Person in the open market or in privately negotiated transactions to one or more purchasers. The Shares beneficially owned by the Filing Persons include the right to acquire, subject to certain conditions, 300,000 shares of Common Stock and 16,301 shares of Class A Convertible Preferred Stock exercisable on a one-to- one basis into Common Stock (the "Preferred Stock") of the Issuer on November 19, 1996. Except as described herein, the Filing Persons do not have any plans or proposals which relate to or would result in (a) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries, (b) a sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries, (c) any change in the present management of the Issuer, (d) any material change in the present capitalization or dividend policy of the Issuer, (e) any other material change in the Issuer's business or corporate structure, (f) any other material change in the Issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person, (g) causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association, (h) a class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934, or (i) any action similar to any of the enumerated in (a) through (i) above. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. The following is added to Item 5(c): 7 PAGE On October 3, 1996, MSIF and the SICAV Subsidiary, in a transaction effected by MSAM as investment adviser, acquired 350,000 shares of Common Stock and 19,019 shares of Preferred Stock. Of this, MSIF acquired 202,000 shares of Common Stock and 11,000 shares of Preferred Stock (for an aggregated purchase price of $2,626,000) and the SICAV Subsidiary acquired 148,000 shares of Common Stock and 8,019 shares of Preferred Stock (for an aggregated purchase price of $1,924,000). The Common Stock and Preferred Stock were purchased in the aggregate and not for a specific price per share. The transaction described herein took place in Chicago, Illinois. Other than the purchases described in this Amendment No. 1, none of Filing Persons have made any transactions within the past 60 days. As had been contemplated by MSAM, MSIF and the SICAV Subsidiary, MSAM, prior to the closing on October 3, 1996, in its capacity as investment adviser to MSIF and the SICAV Subsidiary, reallocated the amount of Common Stock and Preferred Stock that each of MSIF and the SICAV Subsidiary was to receive on October 3, 1996, resulting in MSIF acquiring 6,000 additional shares of Common Stock and 349 additional shares of Preferred Stock from that originally contemplated in the initial Schedule 13D filing. The foregoing allocations to MSIF resulted in a corresponding decrease in shares beneficially owned by the SICAV Subsidiary and MSSICAV. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. The following is added to Item 6: There exists an agreement of Joint Filing (previously filed as Exhibit 7.1) between the Filing Persons with respect to the filing of this Amendment No.1 to the Schedule 13D. However, there exists no contracts, arrangements, understandings or relationships (legal or otherwise) between any Filing Person and other persons with respect to finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. Not applicable. 8 PAGE 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: October 16, 1996 MORGAN STANLEY INSTITUTIONAL FUND, INC. - U.S. REAL ESTATE PORTFOLIO /S/ WARREN OLSEN Name: Warren Olsen Title: President MORGAN STANLEY SICAV - U.S. REAL ESTATE SECURITIES FUND /S/ KAREN FROST Name: Karen Frost Title: Vice President MORGAN STANLEY SICAV SUBSIDIARY S.A. /S/ KAREN FROST Name: Karen Frost Title: Vice President MORGAN STANLEY ASSET MANAGEMENT INC. /S/ WARREN OLSEN Name: Warren Olsen Title: Principal MORGAN STANLEY GROUP INC. /S/ STUART BRESLOW Name: Stuart Breslow Title: Principal 9 -----END PRIVACY-ENHANCED MESSAGE-----