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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D/A
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13D-1(A) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13D-2
(AMENDMENT NO. 11)
ATLANTIC REALTY TRUST
(NAME OF ISSUER)
COMMON SHARES OF BENEFICIAL INTEREST, PAR VALUE $.01 PER SHARE
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(Title of Class of Securities)
048798-10-2
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(CUSIP Number)
MILTON COOPER
KIMCO REALTY CORPORATION
3333 NEW HYDE PARK ROAD
NEW HYDE PARK, NY 11042-0020
(516) 869-9000
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
FEBRUARY 18, 2005
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(Date of Event Which Requires Filing of This
Statement)
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(e), 13d-1(f) or 13d-1(g), check
the following box: [ ].
(Continued on following pages)
(Page 1 of 8 Pages)
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CUSIP No. 048798-10-2 Page 2 of 8 Pages
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Kimco Realty Corporation
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
WC
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Maryland
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Number of 7. SOLE VOTING POWER
Shares 355,498
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Beneficially 8. SHARED VOTING POWER
Owned By 962,289
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Each 9. SOLE DISPOSITIVE POWER
Reporting 355,498
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Person With 10. SHARED DISPOSITIVE POWER
962,289
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,317,787
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
37.0%
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14. TYPE OF REPORTING PERSON REPORTING
CO
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CUSIP No. 048798-10-2 Page 3 of 8 Pages
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Kimco Realty Services, Inc.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
WC, AF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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Number of 7. SOLE VOTING POWER
Shares none
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Beneficially 8. SHARED VOTING POWER
Owned By 962,289
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Each 9. SOLE DISPOSITIVE POWER
Reporting none
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Person With 10. SHARED DISPOSITIVE POWER
962,289
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
962,289
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.0%
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14. TYPE OF REPORTING PERSON REPORTING
CO
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CUSIP No. 048798-10-2 Page 4 of 8 Pages
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Milton Cooper
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
OO
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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Number of 7. SOLE VOTING POWER
Shares 29,824
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Beneficially 8. SHARED VOTING POWER
Owned By 3,127
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Each 9. SOLE DISPOSITIVE POWER
Reporting 29,824
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Person With 10. SHARED DISPOSITIVE POWER
3,127
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
32,951
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
[ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.9%
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14. TYPE OF REPORTING PERSON REPORTING
IN
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This Amendment No. 11 amends and supplements the Schedule 13D filed on
May 24, 1996, and amended on July 3, 1996, by Kimco Realty Corporation, a
Maryland corporation ("Kimco"), and Milton Cooper and further amended on May 15,
1997, June 10, 1997, April 30, 1998, September 20, 1999, August 10, 2000, August
23, 2000, August 9, 2001, January 31, 2003 and August 3, 2004 by Kimco, Milton
Cooper and Kimco Realty Services, Inc., a Delaware corporation ("Services") (as
amended, the "Schedule 13D"), relating to the common shares of beneficial
interest, par value $.01 per share (the "Shares"), of Atlantic Realty Trust, a
Maryland corporation (the "Company"). Unless otherwise indicated, all
capitalized terms used herein shall have the meanings given to them in the
Schedule 13D, and unless amended or supplemented hereby, all information
previously filed remains in effect.
ITEM 2. IDENTITY AND BACKGROUND.
Information with respect to the executive officers and directors of
Kimco and Services, other than Mr. Cooper, required by Instruction C of Schedule
13D is set forth on Schedule I hereto and incorporated herein by reference.
ITEM 4. PURPOSE OF THE TRANSACTION
Item 4 is hereby amended to add the following:
The Company had previously announced that a special committee of the
Board of Trustees (the "Special Committee") was considering acquisition
proposals for all of the Shares or all or substantially all of the Company's
assets. In connection with its evaluation of acquisition proposals, the Special
Committee requested that Kimco and other potential bidders, if interested,
submit proposals to acquire either the Shares or the Hylan Center (as defined in
the Schedule 13D). Kimco has submitted a non-binding indication of its interest
in acquiring the Hylan Center (the "Proposal"). The Proposal is conditioned upon
satisfactory completion of due diligence, negotiation of acceptable
documentation, and any necessary regulatory approvals. The Proposal may be
withdrawn or modified by Kimco at any time for any reason.
The Company has not accepted the Proposal, and there can be no
assurance as to the Company's view of the Proposal, whether the Proposal will be
accepted, whether any definitive agreement will be entered into if the Proposal
is accepted, nor as to the terms of any such agreement or ensuing transaction.
The Proposal is attached hereto as Exhibit 8 and incorporated by reference
herein.
Kimco, Services and Milton Cooper each reserves the right, based on
all relevant factors, and in each case subject to the provisions of the
Standstill Agreement (as defined in the Schedule 13D), to acquire additional
Shares, to dispose of all or a portion of its holdings of Shares, to modify,
amend or rescind the Proposal, to make any alternative proposals with respect to
an acquisition of Shares or assets of the Company, a merger, a reorganization or
any other extra-ordinary transaction involving the Company or its assets, or to
change its intention with respect to any or all of the matters referred to in
this Item 4.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
The response to Item 4 is incorporated herein by reference.
ITEM 7. MATERIALS TO BE FILED AS EXHIBITS.
Exhibit 8. Proposal Letter to Rockwood Realty Associates, LLC dated
February 18, 2005.
SIGNATURE
After reasonable inquiry and to the best of the undersigned's
knowledge and belief, the undersigned certifies that the information set forth
in this statement is true, complete and correct.
KIMCO REALTY CORPORATION
By: /s/ Milton Cooper
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Name: Milton Cooper
Title: Chairman and Chief
Executive Officer
KIMCO REALTY SERVICES, INC.
By: /s/ Milton Cooper
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Name: Milton Cooper
Title: President
/s/ Milton Cooper
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Milton Cooper
February 24, 2005
Exhibit Index
Exhibit 8. Proposal Letter to Rockwood Realty Associates, LLC dated February
18, 2005.
SCHEDULE I
Set forth below is the name, principal business, business address and
beneficial ownership of Shares of each executive officer and director of Kimco
and Services, other than Milton Cooper. Unless otherwise indicated, the current
business address of each person is c/o Kimco, 3333 New Hyde Park Road, Suite
100, New Hyde Park, NY 11041-0020. Each such person is a citizen of the United
States of America.
1. Executive Officers & Directors of Kimco.
Name Principal Occupation or Shares Beneficially
Employment Owned (1)
Martin S. Kimmel Director of Kimco and 10,487(2)
Services, Chairman
(Emeritus) of the Board
of Directors of Kimco and
Services
Michael J. Flynn Vice Chairman of the 0
Board of Directors of
Kimco and Services,
President of Kimco and
Chief Operating Officer
of Kimco and Services
Richard G. Dooley Director of Kimco; From 0
129 The Laurels 1993 to 2003 consultant
Enfield, CT 06082 to, and from 1978 to
1993, Executive Vice
President and Chief
Investment Officer of
Massachusetts Mutual Life
Insurance Company.
Joe Grills Director of Kimco; Chief 0
11478 Twin Mountains Road Investment Officer for
Rapidan, VA 22733 the IBM Retirement Funds,
1986-1993
Frank Lourenso Director of Kimco; 0
c/o The Chase Manhattan Executive Vice President
Bank of J.P. Morgan
1166 Avenue of the Americas
New York, NY 10036
F. Patrick Hughes Director of Kimco, 0
907 Rolandvue Rd. President, Hughes &
Baltimore, MD 21204 Associates, LLC since
October 2003. Previ-
ously served as Chief
Executive Officer,
President and Trustee
of Mid-Atlantic Realty
Trust from its formation
in 1993 to 2003.
Richard Saltzman Director of Kimco, 0
262 Central Park West President, Colony Capital
New York, New York 11024 LLC, ("Colony") since May
2003. Prior to joining
Colony, Managing Director
and Vice Chairman of
Merrill Lynch's
investment banking
division since 2001 and
held various positions at
Merrill Lynch for more
than five years prior to
that time.
Thomas A. Caputo Executive Vice President 0
of Kimco
Glenn G. Cohen Vice President and 0
Treasurer of Kimco and
Services
Ray Edwards Vice President of Kimco 0
and Services
Jerald Friedman Executive Vice President 0
of Kimco and Services
David Henry Director and Chief 0
Investment Officer of
Kimco and
Services
Bruce M. Kauderer Vice President, Legal and 0
Secretary of Kimco and
Services
Michael V. Pappagallo Vice President, Chief 0
Financial Officer of
Kimco and Services
(1) All of such Shares were received in the Distribution and no
consideration was paid therefor.
(2) Does not include 14,135 Shares beneficially owned by Mr. Kimmel's wife
or 3,127 by a trust for the benefit of Mr. Kimmel's son, for which Mr. Cooper
serves as trustee, as to which Mr. Kimmel disclaims beneficial interest. Such
Shares were received in the Distribution and no consideration was paid
therefor.