0000900440-21-000137.txt : 20210811 0000900440-21-000137.hdr.sgml : 20210811 20210811160236 ACCESSION NUMBER: 0000900440-21-000137 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210729 FILED AS OF DATE: 20210811 DATE AS OF CHANGE: 20210811 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: INVERSIONES FINANCIERAS DEL SUR STOCK CORP CENTRAL INDEX KEY: 0001476654 STATE OF INCORPORATION: X3 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34087 FILM NUMBER: 211163330 BUSINESS ADDRESS: STREET 1: RUTA 8, KM. 17.500 STREET 2: EDIFICIO 3, LOCAL 3 CITY: MONTEVIDEO STATE: X3 ZIP: 91600 BUSINESS PHONE: (5982)5182217 MAIL ADDRESS: STREET 1: RUTA 8, KM. 17.500 STREET 2: EDIFICIO 3, LOCAL 3 CITY: MONTEVIDEO STATE: X3 ZIP: 91600 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: IRSA INVESTMENTS & REPRESENTATIONS INC CENTRAL INDEX KEY: 0000933267 STANDARD INDUSTRIAL CLASSIFICATION: LAND SUBDIVIDERS & DEVELOPERS (NO CEMETERIES) [6552] FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34087 FILM NUMBER: 211163337 BUSINESS ADDRESS: STREET 1: BOLIVAR 108 CITY: BUENOS AIRES STATE: C1 ZIP: C1066AAD BUSINESS PHONE: 00541143237449 MAIL ADDRESS: STREET 1: BOLIVAR 108 CITY: BUENOS AIRES STATE: C1 ZIP: C1066AAD REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CRESUD INC CENTRAL INDEX KEY: 0001034957 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] STATE OF INCORPORATION: C1 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34087 FILM NUMBER: 211163333 BUSINESS ADDRESS: STREET 1: MORENO 877 CITY: BUENOS AIRES STATE: C1 ZIP: C1091AAQ BUSINESS PHONE: 00541143237449 MAIL ADDRESS: STREET 1: MORENO 877 CITY: BUENOS AIRES STATE: C1 ZIP: C1091AAQ REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: ELSZTAIN EDUARDO S CENTRAL INDEX KEY: 0001037182 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34087 FILM NUMBER: 211163336 MAIL ADDRESS: STREET 1: BOLIVAR 108 1??P CITY: BUENOS AIRES STATE: C1 ZIP: 00000 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CONSULTORES VENTURE CAPITAL URUGUAY STOCK CORP CENTRAL INDEX KEY: 0001476653 STATE OF INCORPORATION: X3 FISCAL YEAR END: 0330 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34087 FILM NUMBER: 211163328 BUSINESS ADDRESS: STREET 1: RUTA 8, KM. 17.500 STREET 2: EDIFICIO 3, LOCAL 3 CITY: MONTEVIDEO STATE: X3 ZIP: 91600 BUSINESS PHONE: (5982)5182217 MAIL ADDRESS: STREET 1: RUTA 8, KM. 17.500 STREET 2: EDIFICIO 3, LOCAL 3 CITY: MONTEVIDEO STATE: X3 ZIP: 91600 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: REAL ESTATE STRATEGIES LP CENTRAL INDEX KEY: 0001541641 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34087 FILM NUMBER: 211163332 BUSINESS ADDRESS: STREET 1: 2 CHURCH STREET CITY: HAMILTON STATE: D0 ZIP: HM CX BUSINESS PHONE: (441) 299 4925 MAIL ADDRESS: STREET 1: 2 CHURCH STREET CITY: HAMILTON STATE: D0 ZIP: HM CX REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CONSULTORES ASSETS MANAGEMENT STOCK CORP CENTRAL INDEX KEY: 0001476663 STATE OF INCORPORATION: C1 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34087 FILM NUMBER: 211163335 BUSINESS ADDRESS: STREET 1: BOLIVAR 108, PISO 2? CITY: BUENOS AIRES STATE: C1 ZIP: C1066AAD BUSINESS PHONE: (54)1143237522 MAIL ADDRESS: STREET 1: BOLIVAR 108, PISO 2? CITY: BUENOS AIRES STATE: C1 ZIP: C1066AAD REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CONSULTORES VENTURE CAPITAL LTD CENTRAL INDEX KEY: 0001476664 STATE OF INCORPORATION: E9 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34087 FILM NUMBER: 211163334 BUSINESS ADDRESS: STREET 1: RUTA 8, KM. 17.500 STREET 2: EDIFICIO 3, LOCAL 3 CITY: MONTEVIDEO STATE: X3 ZIP: 91600 BUSINESS PHONE: (5982)5182217 MAIL ADDRESS: STREET 1: RUTA 8, KM. 17.500 STREET 2: EDIFICIO 3, LOCAL 3 CITY: MONTEVIDEO STATE: X3 ZIP: 91600 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: AGROINVESTMENT STOCK CORP CENTRAL INDEX KEY: 0001476665 STATE OF INCORPORATION: X3 FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34087 FILM NUMBER: 211163329 BUSINESS ADDRESS: STREET 1: RUTA 8, KM. 17.500 STREET 2: EDIFICIO 3, LOCAL 3 CITY: MONTEVIDEO STATE: X3 ZIP: 91600 BUSINESS PHONE: (5982)5182217 MAIL ADDRESS: STREET 1: RUTA 8, KM. 17.500 STREET 2: EDIFICIO 3, LOCAL 3 CITY: MONTEVIDEO STATE: X3 ZIP: 91600 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Ifis LTD CENTRAL INDEX KEY: 0001477078 STATE OF INCORPORATION: D0 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34087 FILM NUMBER: 211163331 BUSINESS ADDRESS: STREET 1: MINTFLOWER PLACE, 4TH FLOOR STREET 2: 8 PAR-LA-VILLE ROAD CITY: HAMILTON STATE: D0 ZIP: HM 08 BUSINESS PHONE: (54)1151667000 MAIL ADDRESS: STREET 1: FLORIDA 537, PISO 18? CITY: BUENOS AIRES STATE: C1 ZIP: C1005AAK ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: CONDOR HOSPITALITY TRUST, INC. CENTRAL INDEX KEY: 0000929545 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 521889548 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1800 WEST PASEWALK AVENUE STREET 2: SUITE 120 CITY: NORFOLK STATE: NE ZIP: 68701 BUSINESS PHONE: 4023712520 MAIL ADDRESS: STREET 1: 1800 WEST PASEWALK AVENUE STREET 2: SUITE 120 CITY: NORFOLK STATE: NE ZIP: 68701 FORMER COMPANY: FORMER CONFORMED NAME: SUPERTEL HOSPITALITY INC DATE OF NAME CHANGE: 20050601 FORMER COMPANY: FORMER CONFORMED NAME: HUMPHREY HOSPITALITY TRUST INC DATE OF NAME CHANGE: 19940906 4 1 form4.xml X0306 4 2021-07-29 0000929545 CONDOR HOSPITALITY TRUST, INC. CDOR 0000933267 IRSA INVESTMENTS & REPRESENTATIONS INC BOLIVAR 108 BUENOS AIRES C1 C1066AAD ARGENTINA true true 0001037182 ELSZTAIN EDUARDO S BOLIVAR 108 1??P BUENOS AIRES C1 00000 ARGENTINA true true 0001476663 CONSULTORES ASSETS MANAGEMENT STOCK CORP BOLIVAR 108, PISO 2? BUENOS AIRES C1 C1066AAD ARGENTINA true true 0001476664 CONSULTORES VENTURE CAPITAL LTD RUTA 8, KM. 17.500 EDIFICIO 3, LOCAL 3 MONTEVIDEO X3 91600 URUGUAY true true 0001034957 CRESUD INC MORENO 877 BUENOS AIRES C1 C1091AAQ ARGENTINA true true 0001541641 REAL ESTATE STRATEGIES LP 2 CHURCH STREET HAMILTON D0 HM CX BERMUDA true true 0001477078 Ifis LTD FLORIDA 537, PISO 18? BUENOS AIRES C1 C1005AAK ARGENTINA true true 0001476654 INVERSIONES FINANCIERAS DEL SUR STOCK CORP RUTA 8, KM. 17.500 EDIFICIO 3, LOCAL 3 MONTEVIDEO X3 91600 URUGUAY true true 0001476665 AGROINVESTMENT STOCK CORP RUTA 8, KM. 17.500 EDIFICIO 3, LOCAL 3 MONTEVIDEO X3 91600 URUGUAY true true 0001476653 CONSULTORES VENTURE CAPITAL URUGUAY STOCK CORP RUTA 8, KM. 17.500 EDIFICIO 3, LOCAL 3 MONTEVIDEO X3 91600 URUGUAY true true Common Stock 2021-07-29 4 M 0 1416586 0 A 4754198 D Series E Cumulative Convertible Preferred Stock 2021-07-29 4 M 0 487738 0 D Common Stock 1416586 0 D The reporting group elected to exercise its right to require the Issuer to redeem all 487,738 shares of the Series E Stock (the "Shares") held by the reporting group at a value per share equal to 130% of the $10 liquidation preference of the Shares, plus accrued and unpaid dividends, on July 29, 2021, pursuant to the terms of the Shares. The Issuer had the right to redeem the Shares with cash or by issuing shares of common stock, and a special committee of independent directors of the board of directors of the Issuer unanimously approved redemption of the Shares with shares of common stock. (Continued at Footnote 2) (Continued from Footnote 1) For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the reporting group is deemed a Director by Deputization by virtue of its representation on the Board of Directors of the Issuer. The number of shares of common stock issued to effect redemption of the Shares equals 1,416,586 shares of common stock based on the weighted market sale price average of the common stock for the applicable thirty trading day period of $4.90 per share. This Form 4 is being filed in two parts due to the ten person reporting limitation of the electronic filing system. Part 1 is being filed by the following persons: Eduardo S. Elsztain, Consultores Assets Management, S.A., Consultores Venture Capital Limited, Cresud Sociedad Anonima Comercial, Inmobiliara Financiera y Agropecuaria, Consultores Venture Capital Uruguay, SA, Real Estate Strategies L.P., IRSA Inversiones y Representaciones Sociedad Anonima, IFIS Limited, and Inversiones Financieras del Sur S.A. Part 2 is being filed by the following persons: Efanur S.A., Tyrus S.A., Jiwin S.A. and Real Estate Investment Group VII L.P. /s/ IRSA Investments and Representations Inc. by Eduardo Elsztain, Chairman of the Board 2021-08-11 /s/ Eduardo Elsztain 2021-08-11 /s/ Consultores Assets Management, S.A. by Eduardo Elsztain, Chairman of the Board 2021-08-11 /s/ Consultores Venture Capital Limited by Eduardo Elsztain, Chairman of the Board 2021-08-11 /s/ Cresud, Inc. by Eduardo Elsztain, Chairman of the Board 2021-08-11 /s/ Real Estate Strategies L.P. by Eduardo Elsztain, Chairman of the Board 2021-08-11 /s/ IFIS Limited by Eduardo Elsztain, Chairman of the Board 2021-08-11 /s/ Inversiones Financieras del Sur S.A. by Eduardo Elsztain, Chairman of the Board 2021-08-11 /s/ Agroinvestment S.A. by Eduardo Elsztain, Chairman of the Board 2021-08-11 /s/ Consultores Venture Capital Uruguay, S.A. by Eduardo Elsztain, Chairman of the Board 2021-08-11 EX-99 2 exhibitirsaform4.htm EXHIBIT
Exhibit
Explanation for responses:

This statement is being filed jointly by Mr. Eduardo S. Elsztain (“Elsztain”), Consultores Assets Management S.A. (“CAM”), Consultores Venture Capital Uruguay S.A. (“CVC Uruguay”), Agroinvestment S.A. (“Agroinvestment”), Consultores Venture Capital Ltd. (“CVC Cayman”), IFIS Limited (“IFIS”), Inversiones Financieras del Sur S.A. (“IFISA”), Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria (“Cresud”), IRSA Inversiones y Representaciones Sociedad Anónima ("IRSA"), Tyrus S.A. (“Tyrus”), Jiwin S.A. (“Jiwin”), Efanur SA (“Efanur”), Real Estate Strategies L.P. (“RES”) and Real Estate Investment Group VII, L.P. (“REIG VII” and together with Elsztain, CAM, CVC Uruguay, Agroinvestment, CVC Cayman, IFIS, IFISA, Cresud, IRSA, Tyrus, Jiwin, Efanur and RES the "Reporting Persons").

Mr. Elsztain is a citizen of the Republic of Argentina who serves as Chairman of the board of directors of each of the following companies, except for RES, IFIS and CVC Cayman:

(i)
IFIS, a limited liability company organized under the laws of Bermuda;
(ii)
IFISA, a stock corporation organized under the laws of the Republic of Uruguay;
(iii)
Cresud, a stock corporation organized under the laws of the Republic of Argentina;
(iv)
IRSA, a stock corporation organized under the laws of the Republic of Argentina;
(v)
CAM, a stock corporation company organized under the laws of Argentina;
(vi)
CVC Cayman, a stock corporation organized under the laws of Cayman Island;
(vii)
CVC Uruguay, a stock corporation organized under the laws of the Republic of Uruguay;
(viii)
Agroinvestment, a stock corporation organized under the laws of the Republic of Uruguay;
(ix)
Tyrus, a stock corporation organized under the laws of the Republic of Uruguay;
(x)
Jiwin, a stock corporation organized under the laws of the Republic of Uruguay, who serves as general partner of Real Estate Strategies L.P.;
(xi)
Efanur, a stock corporation organized under the laws of the Republic of Uruguay, who is the major limited partner of RES;
(xii)
RES, a limited partnership organized under the laws of Bermuda;
(xiii)
REIG VII, a limited partnership organized under the laws of Bermuda.

Elsztain’s principal offices are located at Bolívar 108, 1st floor, Buenos Aires, Argentina; IFIS’ principal offices are located at Clarendon House, 2 Church Street, Hamilton HM 11CX Bermuda; IFISA’s principal offices are located at Ruta 8, 17,500, Edificio @1 Local 106, CP 91609 Montevideo, Republic of Uruguay; Cresud’s principal offices are located at Carlos Della Paolera 261, 9th Floor (C1001ADA), Buenos Aires, Argentina; IRSA’s principal offices are located at Carlos Della Paolera 261, 9th Floor (C1001ADA), Buenos Aires, Argentina; CAM’s principal offices are located at Bolívar 108, 1st floor, Buenos Aires, Argentina; CVC Cayman’s principal offices are located at 4th Floor, Harbour Place, South Church Street, P.O. Box 10240, Grand Cayman, KYI-1002, Cayman Islands; CVC Uruguay’s principal offices are located at Ruta 8, 17,500, Edificio @1 Local 106, CP 91609 Montevideo, of the Republic of Uruguay; Agroinvestment’s principal offices are located at Zabala 1422, 2nd Floor, (11000) Montevideo, Republic of Uruguay; Tyrus’ principal offices are located at Zabala 1422 (11000), Montevideo, Republic of Uruguay, Jiwin’s principal offices are located at Zabala 1422 (11000), Montevideo, Republic of Uruguay, Efanur’s principal offices are located at Zabala 1422, (11000), Montevideo, Republic of Uruguay, RES´ principal offices are located at Clarendon House 2 Church Street, Hamilton HM CX, Bermuda and REIG VII’s principal offices are located at Clarendon House 2 Church Street, Hamilton HM CX, Bermuda.

The reported securities may be deemed to be indirectly beneficially owned by the list of entities described on the previous paragraphs except for RES whose direct beneficial ownership is listed below. The Reporting Persons disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Persons are the beneficial owners of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

As of July 29, 2021:


(i)
Elsztain is the Chairman of the Board of Directors of IFISA, Cresud, CAM, CVC Uruguay, Agroinvestment, IRSA, Efanur, Jiwin and Tyrus, except for REIG VII, a company in which Jiwin (wholly owned by IRSA) is the General Partner, and RES, a company in which a company controlled by Elsztain is the General Partner;

(ii)
CVC Cayman, a company controlled by Elsztain, serves as the Investment Manager of IFIS;

(iii)
IFIS is the direct owner of 100% of the common shares of IFISA;

(iv)
IFISA directly owns the equivalent of 93,847,871 common shares of Cresud representing approximately 13.77% of Cresud’s fully diluted outstanding; Agroinvestment, a company fully owned by Elsztain, directly owns the equivalent of 97,192,970 common shares of Cresud representing approximately 14.26% of Cresud’s fully diluted outstanding; CVC Uruguay, a company controlled by Elsztain, directly owns the equivalent of 1,260 common shares of Cresud representing approximately 0.0002% of Cresud’s fully diluted outstanding and Eduardo Sergio Elsztain directly owns the equivalent of 60,094,215 common shares of Cresud representing approximately 8.82% of Cresud’s fully diluted outstanding  Neither of them directly own Common Stock;

(v)
Cresud directly and indirectly owns 62.06% of IRSA’s fully diluted outstanding; CAM, a company controlled by Elsztain, owns the equivalent of 555,775 common shares of IRSA, representing approximately 0.08% of IRSA’s fully diluted outstanding; CVC Uruguay owns the equivalent of 4,072,009 common shares of IRSA representing approximately 0.55% of IRSA’s fully diluted outstanding and Eduardo Sergio Elsztain owns the equivalent of 3,316,065 common shares of IRSA representing approximately 0.45% of IRSA’s fully diluted outstanding; Cresud does not directly own Common Stock;

(vi)
IRSA owns 100% of Tyrus’ and Efanur’s capital stock. IRSA does not directly own Common Stock;

(vii)
Tyrus owns 100% of the capital stock of Jiwin. Tyrus does not directly own Common Stock;

(viii)
Jiwin serves as general Partner of REIG VII; Jiwin does not directly own Common Stock;

(ix)
Efanur is the sole limited partner of REIG VII. Efanur owns directly 48,076 shares of Common Stock;

(x)
RES owns directly 1,562,985 Shares of Common Stock.  RES holds directly a promissory note convertible for up to 32,305 shares of Common Stock attributable to RES, subject to the 49% ownership limitation; and

(xi)
REIG VII owns directly 3,143,137 Shares of Common Stock.  REIG VII holds an interest in a promissory note convertible for up to 64,964 shares of Common Stock attributable to REIG VII, subject to the 49% ownership limitation.