================================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 18)
---------------------------
REGENCY CENTERS CORPORATION
(FORMERLY REGENCY REALTY CORPORATION)
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.01 PER SHARE 758849 10 3
(Title of class of securities) (CUSIP number)
BRIAN T. MCANANEY, ESQ.
GENERAL ELECTRIC CAPITAL CORPORATION
260 LONG RIDGE ROAD
STAMFORD, CONNECTICUT 06927
(203) 357-4000
(Name, address and telephone number of person authorized
to receive notices and communications)
WITH A COPY TO:
RAYMOND O. GIETZ, ESQ.
WEIL, GOTSHAL & MANGES LLP
767 FIFTH AVENUE
NEW YORK, NEW YORK 10153
MAY 14, 2003
(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
[ ].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purposes of Section 18 of the Securities Exchange Act of
1934 (the "Act") or otherwise subject to the liabilities of that section of the
Act but shall be subject to all other provisions of the Act.
(However, see the Notes.)
(Continued on following pages)
(Page 1 of 16 pages)
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- --------------------------------- ---------------------------------------------- ----------------------------------
CUSIP number 758849 10 3 13D Page 2 of 16 Pages
- --------------------------------- ---------------------------------------------- ----------------------------------
- ---------------------- --------------------------------------------------------- --------------------------------------------------
1 NAME OF REPORTING PERSON: SECURITY CAPITAL GROUP INCORPORATED
S.S. OR I.R.S. IDENTIFICATION NO. 36-3692698
OF ABOVE PERSON:
- ---------------------- -----------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [ ]
(B) [ ]
- ---------------------- ------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------- ----------------------------------- ------------------------------------------------------------------------
4 SOURCE OF FUNDS: BK, 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: MARYLAND
- --------------------------------- -------- ----------------------------------------------------- ----------------------------------
NUMBER OF 7 SOLE VOTING POWER: 34,273,236 SHARES OF COMMON STOCK
SHARES
-------- ----------------------------------------------------- ----------------------------------
BENEFICIALLY 8 SHARED VOTING POWER:
OWNED BY
-------- ----------------------------------------------------- ----------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 34,273,236 SHARES OF COMMON STOCK
REPORTING
-------- ----------------------------------------------------- ----------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER:
- ---------------------- ------------------------------------------------------------------------- ----------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 34,273,236 SHARES OF COMMON STOCK
- ---------------------- -----------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
- ---------------------- -----------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 56.7%
- ---------------------- --------------------------------------------------------- --------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ---------------------- --------------------------------------------------------- --------------------------------------------------
2
- --------------------------------- ---------------------------------------------- ----------------------------------
CUSIP number 758849 10 3 13D Page 3 of 16 Pages
- --------------------------------- ---------------------------------------------- ----------------------------------
- ---------------------- --------------------------------------------------------- --------------------------------------------------
1 NAME OF REPORTING PERSON: SC CAPITAL INCORPORATED
S.S. OR I.R.S. IDENTIFICATION NO. 74-2985638
OF ABOVE PERSON:
- ---------------------- -----------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [ ]
(B) [ ]
- ---------------------- ------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------- ----------------------------------- ------------------------------------------------------------------------
4 SOURCE OF FUNDS: BK, 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: NEVADA
- --------------------------------- -------- ----------------------------------------------------- ----------------------------------
NUMBER OF 7 SOLE VOTING POWER: 34,273,236 SHARES OF COMMON STOCK
SHARES
-------- ----------------------------------------------------- ----------------------------------
BENEFICIALLY 8 SHARED VOTING POWER:
OWNED BY
-------- ----------------------------------------------------- ----------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 34,273,236 SHARES OF COMMON STOCK
REPORTING
-------- ----------------------------------------------------- ----------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER:
- ---------------------- ------------------------------------------------------------------------- ----------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 34,273,236 SHARES OF COMMON STOCK
- ---------------------- -----------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
- ---------------------- -----------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 56.7%
- ---------------------- --------------------------------------------------------- --------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ---------------------- --------------------------------------------------------- --------------------------------------------------
3
- --------------------------------- ---------------------------------------------- ----------------------------------
CUSIP number 758849 10 3 13D Page 4 of 16 Pages
- --------------------------------- ---------------------------------------------- ----------------------------------
- ---------------------- --------------------------------------------------------- --------------------------------------------------
1 NAME OF REPORTING PERSON: SC REALTY INCORPORATED
S.S. OR I.R.S. IDENTIFICATION NO. 88-0330184
OF ABOVE PERSON:
- ---------------------- -----------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [ ]
(B) [ ]
- ---------------------- ------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------- ----------------------------------- ------------------------------------------------------------------------
4 SOURCE OF FUNDS: BK, 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: NEVADA
- --------------------------------- -------- ----------------------------------------------------- ----------------------------------
NUMBER OF 7 SOLE VOTING POWER: 34,273,236 SHARES OF COMMON STOCK
SHARES
-------- ----------------------------------------------------- ----------------------------------
BENEFICIALLY 8 SHARED VOTING POWER:
OWNED BY
-------- ----------------------------------------------------- ----------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 34,273,236 SHARES OF COMMON STOCK
REPORTING
-------- ----------------------------------------------------- ----------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER:
- ---------------------- ------------------------------------------------------------------------- ----------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 34,273,236 SHARES OF COMMON STOCK
- ---------------------- -----------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
- ---------------------- -----------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 56.7%
- ---------------------- --------------------------------------------------------- --------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ---------------------- --------------------------------------------------------- --------------------------------------------------
4
- --------------------------------- ---------------------------------------------- ----------------------------------
CUSIP number 758849 10 3 13D Page 5 of 16 Pages
- --------------------------------- ---------------------------------------------- ----------------------------------
- ---------------------- --------------------------------------------------------- --------------------------------------------------
1 NAME OF REPORTING PERSON: SECURITY CAPITAL OPERATIONS INCORPORATED
S.S. OR I.R.S. IDENTIFICATION NO. 52-2146697
OF ABOVE PERSON:
- ---------------------- -----------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [ ]
(B) [ ]
- ---------------------- ------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------- ----------------------------------- ------------------------------------------------------------------------
4 SOURCE OF FUNDS: BK, 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: MARYLAND
- --------------------------------- -------- ----------------------------------------------------- ----------------------------------
NUMBER OF 7 SOLE VOTING POWER: 34,273,236 SHARES OF COMMON STOCK
SHARES
-------- ----------------------------------------------------- ----------------------------------
BENEFICIALLY 8 SHARED VOTING POWER:
OWNED BY
-------- ----------------------------------------------------- ----------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 34,273,236 SHARES OF COMMON STOCK
REPORTING
-------- ----------------------------------------------------- ----------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER:
- ---------------------- ------------------------------------------------------------------------- ----------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 34,273,236 SHARES OF COMMON STOCK
- ---------------------- -----------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
- ---------------------- -----------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 56.7%
- ---------------------- --------------------------------------------------------- --------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ---------------------- --------------------------------------------------------- --------------------------------------------------
5
- --------------------------------- ---------------------------------------------- ----------------------------------
CUSIP number 758849 10 3 13D Page 6 of 16 Pages
- --------------------------------- ---------------------------------------------- ----------------------------------
- ---------------------- --------------------------------------------------------- --------------------------------------------------
1 NAME OF REPORTING PERSON: SECURITY CAPITAL SHOPPING MALL BUSINESS TRUST
S.S. OR I.R.S. IDENTIFICATION NO. 74-2869169
OF ABOVE PERSON:
- ---------------------- -----------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [ ]
(B) [ ]
- ---------------------- ------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------- ----------------------------------- ------------------------------------------------------------------------
4 SOURCE OF FUNDS: BK, 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: MARYLAND
- --------------------------------- -------- ----------------------------------------------------- ----------------------------------
NUMBER OF 7 SOLE VOTING POWER: 34,273,236 SHARES OF COMMON STOCK
SHARES
-------- ----------------------------------------------------- ----------------------------------
BENEFICIALLY 8 SHARED VOTING POWER:
OWNED BY
-------- ----------------------------------------------------- ----------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 34,273,236 SHARES OF COMMON STOCK
REPORTING
-------- ----------------------------------------------------- ----------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER:
- ---------------------- ------------------------------------------------------------------------- ----------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 34,273,236 SHARES OF COMMON STOCK
- ---------------------- -----------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
- ---------------------- -----------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 56.7%
- ---------------------- --------------------------------------------------------- --------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ---------------------- --------------------------------------------------------- --------------------------------------------------
6
- --------------------------------- ---------------------------------------------- ----------------------------------
CUSIP number 758849 10 3 13D Page 7 of 16 Pages
- --------------------------------- ---------------------------------------------- ----------------------------------
- ---------------------- --------------------------------------------------------- --------------------------------------------------
1 NAME OF REPORTING PERSON: GE CAPITAL INTERNATIONAL HOLDINGS CORPORATION
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
- ---------------------- ------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [ ]
(B) [ ]
- ---------------------- ------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------- ----------------------------------- ------------------------------------------------------------------------
4 SOURCE OF FUNDS: BK, 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
- --------------------------------- -------- ----------------------------------------------------- ----------------------------------
NUMBER OF 7 SOLE VOTING POWER: 34,273,236 SHARES OF COMMON STOCK
SHARES
-------- ----------------------------------------------------- ----------------------------------
BENEFICIALLY 8 SHARED VOTING POWER:
OWNED BY
-------- ----------------------------------------------------- ----------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 34,273,236 SHARES OF COMMON STOCK
REPORTING
-------- ----------------------------------------------------- ----------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER:
- ---------------------- ------------------------------------------------------------------------- ----------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 34,273,236 SHARES OF COMMON STOCK
- ---------------------- ------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
- ---------------------- ------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 56.7%
- ---------------------- --------------------------------------------------------- --------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ---------------------- --------------------------------------------------------- --------------------------------------------------
7
- --------------------------------- ---------------------------------------------- ----------------------------------
CUSIP number 758849 10 3 13D Page 8 of 16 Pages
- --------------------------------- ---------------------------------------------- ----------------------------------
- ---------------------- --------------------------------------------------------- --------------------------------------------------
1 NAMES OF REPORTING PERSONS: GENERAL ELECTRIC CAPITAL CORPORATION
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS:
- ---------------------- -----------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [ ]
(B) [ ]
- ---------------------- ------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------- ----------------------------------- ------------------------------------------------------------------------
4 SOURCE OF FUNDS: BK, 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
- --------------------------------- -------- ----------------------------------------------------- ----------------------------------
NUMBER OF 7 SOLE VOTING POWER: 34,273,236 SHARES OF COMMON STOCK
SHARES
-------- ----------------------------------------------------- ----------------------------------
BENEFICIALLY 8 SHARED VOTING POWER:
OWNED BY
-------- ----------------------------------------------------- ----------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 34,273,236 SHARES OF COMMON STOCK
REPORTING
-------- ----------------------------------------------------- ----------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER:
- ---------------------- ------------------------------------------------------------------------- ----------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 34,273,236 SHARES OF COMMON STOCK
- ---------------------- -----------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
- ---------------------- -----------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 56.7%
- ---------------------- --------------------------------------------------------- --------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ---------------------- --------------------------------------------------------- --------------------------------------------------
8
- --------------------------------- ---------------------------------------------- ----------------------------------
CUSIP number 758849 10 3 13D Page 9 of 16 Pages
- --------------------------------- ---------------------------------------------- ----------------------------------
- ---------------------- --------------------------------------------------------- --------------------------------------------------
1 NAMES OF REPORTING PERSONS: GENERAL ELECTRIC CAPITAL SERVICES, INC.
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS:
- ---------------------- -----------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [ ]
(B) [ ]
- ---------------------- ------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------- ----------------------------------- ------------------------------------------------------------------------
4 SOURCE OF FUNDS: NOT APPLICABLE
- ---------------------- -----------------------------------------------------------------------------------------------------------
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
- --------------------------------- -------- ----------------------------------------------------- ----------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
-------- ----------------------------------------------------- ----------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: DISCLAIMED (SEE 11 BELOW)
OWNED BY
-------- ----------------------------------------------------- ----------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
-------- ----------------------------------------------------- ----------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: DISCLAIMED (SEE 11 BELOW)
- ---------------------- ------------------------------------------------------------------------- ----------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: BENEFICIAL OWNERSHIP OF ALL
SHARES DISCLAIMED BY GENERAL
ELECTRIC CAPITAL SERVICES, INC.
- ---------------------- -----------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
- ---------------------- -----------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): NOT APPLICABLE
(SEE 11 ABOVE)
- ---------------------- --------------------------------------------------------- --------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ---------------------- --------------------------------------------------------- --------------------------------------------------
9
- --------------------------------- ---------------------------------------------- ----------------------------------
CUSIP number 758849 10 3 13D Page 10 of 16 Pages
- --------------------------------- ---------------------------------------------- ----------------------------------
- ---------------------- --------------------------------------------------------- --------------------------------------------------
1 NAMES OF REPORTING PERSONS: GENERAL ELECTRIC COMPANY
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS:
- ---------------------- -----------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [ ]
(B) [ ]
- ---------------------- ------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------- ----------------------------------- ------------------------------------------------------------------------
4 SOURCE OF FUNDS: NOT APPLICABLE
- ---------------------- -----------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ]
- ---------------------- --------------------------------------------------------- --------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: NEW YORK
- --------------------------------- -------- ----------------------------------------------------- ----------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
-------- ----------------------------------------------------- ----------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: DISCLAIMED (SEE 11 BELOW)
OWNED BY
-------- ----------------------------------------------------- ----------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
-------- ----------------------------------------------------- ----------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: DISCLAIMED (SEE 11 BELOW)
- ---------------------- ------------------------------------------------------------------------- ----------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: BENEFICIAL OWNERSHIP OF ALL
SHARES DISCLAIMED BY GENERAL
ELECTRIC COMPANY
- ---------------------- -----------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
- ---------------------- -----------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): NOT APPLICABLE
(SEE 11 ABOVE)
- ---------------------- --------------------------------------------------------- --------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ---------------------- --------------------------------------------------------- --------------------------------------------------
10
This Amendment No. 18 ("Amendment No. 18") is filed by
Security Capital Group Incorporated, a Maryland corporation ("Security Capital
Group"), SC Capital Incorporated, a Nevada corporation ("SC Capital") and a
wholly owned subsidiary of Security Capital Group, SC Realty Incorporated, a
Nevada corporation ("SC-Realty") and a wholly owned subsidiary of SC Capital,
Security Capital Operations Incorporated, a Maryland corporation ("Operations")
and a wholly owned subsidiary of SC-Realty, Security Capital Shopping Mall
Business Trust, a Maryland real estate investment trust and a subsidiary of
Operations (f/k/a Midwest Mixed-Use Realty Investors Trust) ("SC Shopping Mall
Business Trust"), General Electric Company, a New York corporation ("GE"),
General Electric Capital Services, Inc., a Delaware corporation ("GECS") and a
wholly owned subsidiary of GE, General Electric Capital Corporation, a Delaware
corporation ("GECC") and a wholly owned subsidiary of GECS, and GE Capital
International Holdings Corporation, a Delaware corporation ("GE Holdings" and,
together with GE, GECS, GECC, Security Capital Group, SC Capital, SC-Realty,
Operations and SC Shopping Mall Business Trust, the "Reporting Persons") and a
wholly owned subsidiary of GECC and the parent corporation of Security Capital
Group.
This Amendment No. 18 amends the Schedule 13D originally
filed by Security Capital U.S. Realty and Security Capital Holdings S.A. on June
21, 1996 (as previously amended, the "Schedule 13D"). This Amendment No. 18
relates to shares of common stock, par value $0.01 per share ("Common Stock"),
of Regency Centers Corporation, a Florida corporation (f/k/a Regency Realty
Corporation) ("Regency"). Capitalized terms used herein without definition shall
have the meanings ascribed thereto in the Schedule 13D, as amended.
ITEM 4. PURPOSE OF TRANSACTION.
On May 14, 2003, Security Capital Group delivered a written
request to Regency (the "Registration Request") exercising certain rights that
it has pursuant to Section 2(a) of the Registration Rights Agreement, dated as
of July 10, 1996, by and among Regency, Security Capital Holdings S.A. and
Security Capital U.S. Realty (as previously amended, the "Registration Rights
Agreement"), to which Security Capital Group succeeded as successor to Security
Capital U.S. Realty, to request that Regency use its reasonable best efforts to
promptly file a registration statement under the Securities Act of 1933 for the
offering on a continuous or delayed basis in the future of 34,273,236 shares of
Common Stock (the "Registration Shares"), representing all of the shares of
Common Stock held of record by SC Shopping Mall Business Trust. A copy of the
Registration Request is filed as Exhibit 19 and a copy of a joint press release
issued by Security Capital Group and Regency on May 14, 2003 in connection with
the Registration Request is filed as Exhibit 20.
A registration statement must be filed by Regency and
declared effective by the Securities and Exchange Commission before the
Reporting Persons may sell any of the Registration Shares under the registration
statement. The purpose of the Reporting Persons in exercising such rights under
the Registration Rights Agreement is to enhance the liquidity of the
Registration Shares and to facilitate any future sales of the Registration
11
Shares. It should be noted, however, that the registration of the Registration
Shares does not necessarily mean that the Reporting Persons will sell all or any
of the Registration Shares. If the registration statement is filed and declared
effective, the Reporting Persons may from time to time offer and sell any or all
of the Registration Shares. The Reporting Persons currently intend that, subject
to market conditions and the considerations listed below, the Reporting Persons
will sell approximately 4,700,000 of the Registration Shares in the next 30 to
60 days. The determination to conduct any sales of the Registration Shares will
be based on the continuing assessment by the Reporting Persons of market
conditions, market price of shares of Common Stock and other considerations
deemed relevant by the Reporting Persons at the time, and, notwithstanding the
foregoing, the Reporting Persons may determine not to sell any of the
Registration Shares. The possible plans and actions of the Reporting Persons
could be subject to change. The Reporting Persons will continue to review their
investment in the Common Stock and evaluate their plans and intentions as
previously described in this Schedule 13D (including, without limitation,
Amendment No. 13 hereto).
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 19 Letter, dated May 14, 2003, from Security Capital Group to
Regency Centers Corporation.
Exhibit 20 Joint Press Release, dated May 14, 2003, issued by Security
Capital Group and Regency Centers Corporation.
Exhibit 21 Power of Attorney, dated March 12, 2002, appointing Mr.
Kevin Korsh (among others) as attorney-in-fact for General
Electric Company.
Exhibit 22 Power of Attorney, dated March 13, 2002, appointing Mr.
Kevin Korsh (among others) as attorney-in-fact for General
Electric Capital Services, Inc.
Exhibit 23 Power of Attorney, dated April 30, 2003, appointing Mr.
Kevin Korsh as attorney-in-fact for General Electric Capital
Corporation.
Exhibit 24 Power of Attorney, dated April 30, 2003, appointing Mr.
Kevin Korsh (among others) as attorney-in-fact for GE
International Holdings Corporation.
Exhibit 25 Power of Attorney, dated April 30, 2003, appointing each of
Mr. Kevin Korsh and Mr. Mark Kaplow as attorney-in-fact for
Security Capital Group Incorporated.
Exhibit 26 Power of Attorney, dated April 30, 2003, appointing each of
Mr. Kevin Korsh and Mr. Mark Kaplow as attorney-in-fact for
SC Capital Incorporated.
12
Exhibit 27 Power of Attorney, dated April 30, 2003, appointing each of
Mr. Kevin Korsh and Mr. Mark Kaplow as attorney-in-fact for
SC Realty Incorporated.
Exhibit 28 Power of Attorney, dated April 30, 2003, appointing each of
Mr. Kevin Korsh and Mr. Mark Kaplow as attorney-in-fact for
Security Capital Operations Incorporated.
Exhibit 29 Power of Attorney, dated April 30, 2003, appointing each of
Mr. Kevin Korsh and Mr. Mark Kaplow as attorney-in-fact for
Security Capital Shopping Mall Business Trust.
13
SIGNATURES
After reasonable inquiry and to the best of their knowledge
and belief, the undersigned certify that the information set forth in this
statement is true, complete and correct.
Dated: May 14, 2003
GENERAL ELECTRIC COMPANY
By: /s/ Kevin Korsh
----------------------------------------------
Name: Kevin Korsh
Title: Attorney-in-fact
GENERAL ELECTRIC CAPITAL SERVICES, INC.
By: /s/ Kevin Korsh
----------------------------------------------
Name: Kevin Korsh
Title: Attorney-in-fact
GENERAL ELECTRIC CAPITAL CORPORATION
By: /s/ Kevin Korsh
----------------------------------------------
Name: Kevin Korsh
Title: Attorney-in-fact
GE CAPITAL INTERNATIONAL HOLDINGS CORPORATION
By: /s/ Kevin Korsh
----------------------------------------------
Name: Kevin Korsh
Title: Attorney-in-fact
SECURITY CAPITAL GROUP INCORPORATED
By: /s/ Kevin Korsh
----------------------------------------------
Name: Kevin Korsh
Title: Attorney-in-fact
14
SC CAPITAL INCORPORATED
By: /s/ Kevin Korsh
----------------------------------------------
Name: Kevin Korsh
Title: Attorney-in-fact
SC REALTY INCORPORATED
By: /s/ Kevin Korsh
----------------------------------------------
Name: Kevin Korsh
Title: Attorney-in-fact
SECURITY CAPITAL OPERATIONS INCORPORATED
By: /s/ Kevin Korsh
----------------------------------------------
Name: Kevin Korsh
Title: Attorney-in-fact
SECURITY CAPITAL SHOPPING MALL BUSINESS TRUST
By: /s/ Kevin Korsh
----------------------------------------------
Name: Kevin Korsh
Title: Attorney-in-fact
15
EXHIBIT INDEX
Exhibit No. Description
----------- -----------
19 Letter, dated as of May 14, 2003, from Security Capital
Group to Regency Centers Corporation.
20 Joint Press Release, dated May 14, 2003, issued by
Security Capital Group and Regency Centers Corporation.
21 Power of Attorney, dated as of March 12, 2002, appointing
Mr. Kevin Korsh (among others) as attorney-in-fact for
General Electric Company.
22 Power of Attorney, dated as of March 13, 2002, appointing
Mr. Kevin Korsh (among others) as attorney-in-fact for
General Electric Capital Services, Inc.
23 Power of Attorney, dated as of April 30, 2003, appointing
Mr. Kevin Korsh as attorney-in-fact for General Electric
Capital Corporation.
24 Power of Attorney, dated as of April 30, 2003, appointing
Mr. Kevin Korsh (among others) as attorney-in-fact for GE
International Holdings Corporation.
25 Power of Attorney, dated as of April 30, 2003, appointing
each of Mr. Kevin Korsh and Mr. Mark Kaplow as
attorney-in-fact for Security Capital Group Incorporated.
26 Power of Attorney, dated as of April 30, 2003, appointing
each of Mr. Kevin Korsh and Mr. Mark Kaplow as
attorney-in-fact for SC Capital Incorporated.
27 Power of Attorney, dated as of April 30, 2003, appointing
each of Mr. Kevin Korsh and Mr. Mark Kaplow as
attorney-in-fact for SC Realty Incorporated.
28 Power of Attorney, dated as of April 30, 2003, appointing
each of Mr. Kevin Korsh and Mr. Mark Kaplow as
attorney-in-fact for Security Capital Operations
Incorporated.
29 Power of Attorney, dated as of April 30, 2003, appointing
each of Mr. Kevin Korsh and Mr. Mark Kaplow as
attorney-in-fact for Security Capital Shopping Mall
Business Trust.
16
EXHIBIT 19
SECURITY CAPITAL GROUP INCORPORATED
May 14, 2003
VIA FACSIMILE
- -------------
Regency Realty Corporation
121 W. Forsyth Street, Suite 200
Jacksonville, FL 32202
Facsimile: (904) 634-3428
Attention: Martin E. Stein, Jr.
RE: Registration of Shares of Common
Stock of Regency Centers Corporation
------------------------------------
Dear Mr. Stein:
Pursuant to Section 2(a) of the Registration Rights
Agreement, dated as of July 10, 1996, by and among Regency Realty Corporation
("Regency"), Security Capital Holdings S.A. and Security Capital U.S. Realty, as
the same has been previously amended, Security Capital Group Incorporated hereby
requests that Regency use its reasonable best efforts to promptly file with the
Securities and Exchange Commission a registration statement under the Securities
Act of 1933 for the offering on a continuous or delayed basis in the future of
all of the 34,273,236 shares of common stock, par value $0.01 per share, of
Regency that are owned of record by SC Shopping Mall Business Trust, a Maryland
real estate investment trust and an indirect subsidiary of Security Capital
Group Incorporated.
We look forward to working with you and your counsel to
effect the registration of such shares.
Sincerely,
SECURITY CAPITAL GROUP INCORPORATED
By: /s/ Joseph Parsons
------------------------------------
Joseph Parsons
Chairman and Chief Executive Officer
cc: Charles E. Commander III, Esq.
Foley & Lardner
EXHIBIT 20
Contact:
GE Real Estate
Dan Whitney
203-961-5932
Regency Centers Corp.
Lisa Palmer
904-598-7636
SECURITY CAPITAL AND REGENCY CENTERS ANNOUNCE NOTICE OF SHARE REGISTRATION
SANTA FE, N.M. and JACKSONVILLE, Fla., May 14, 2003 /PRNewswire-FirstCall/ --
Security Capital Group Incorporated, an indirect wholly-owned subsidiary of
General Electric Capital Corporation, and Regency Centers Corp. (NYSE: REG)
announced today that Security Capital has requested that Regency file a
registration statement with the Securities and Exchange Commission covering 34.3
million shares of Regency, representing all of the shares held by Security
Capital. The purpose of Security Capital exercising its rights under the
Registration Rights Agreement is to enhance the liquidity of its Regency shares
and to facilitate any future sales of the shares. It should be noted, however,
that the registration of the shares does not necessarily mean that Security
Capital will sell all or any of the shares. Security Capital currently intends
that, subject to market conditions and other considerations, it will sell
approximately 4.7 million shares in the next 30 to 60 days. Security Capital
will continue to review its investment in Regency and evaluate its plans and
intentions. Regency has agreed to file a registration statement for the shares.
Regency is the leading national owner, operator, and developer focused on
grocery-anchored, neighborhood retail centers. Regency's total assets before
depreciation exceed $3 billion. As of March 31, 2003, the Company owned 261
retail properties totaling 29.5 million square feet located in high growth
markets throughout the United States. Operating as a fully integrated real
estate company, Regency is a qualified real estate investment trust that is
self-administered and self-managed.
Security Capital, an indirect wholly-owned subsidiary of General Electric
Capital Corporation, is an international real estate operating company.
This press release contains certain forward-looking statements under the federal
securities laws. These statements are based on management's current expectations
and are subject to uncertainty and changes in circumstances. Forward-looking
statements are not guarantees of future performance and involve certain credit
risks and uncertainties, which are difficult to predict. Actual results may be
affected by changes in global, national and local economic conditions,
competitive market conditions, weather and regulatory factors, and therefore,
may differ materially from what is expressed or forecast in this press release.
For More Information Contact:
For Security Capital:
Dan Whitney, GE Real Estate, 203-961-5932
For Regency:
Lisa Palmer, Regency Centers Corp., 904-598-7636
EXHIBIT 21
POWER OF ATTORNEY
The undersigned, General Electric Company, a New York
corporation (hereinafter referred to as the "Corporation") does hereby make,
constitute and appoint the persons listed below as the Corporation's true and
lawful agent and attorney-in-fact (hereinafter referred to as the "Attorney") to
act either together or alone in the name and on behalf of the Corporation for
and with respect to the matters hereinafter described.
Name of Attorney:
Joan C. Amble Daniel Janki
Nancy E. Barton Jonathan K. Sprole
Kathryn A. Cassidy Barbara J. Gould
Iain MacKay Peter J. Muniz
Leon E. Roday Robert L. Lewis
Ward Bobitz Wendy E. Ormond
Patricia Merrill Amy Fisher
Michael A. Gaudino Mark F. Mylon
Robert O. O'Reilly, Sr. Nelson Gonzalez
Preston Abbott Ricardo Silva
Barbara Lane Michael E. Pralle
Murry K. Stegelmann Joseph E. Parsons
James Ungari Mark D. Kaplow
J. Gordon Smith Stewart Koenigsberg
John L. Flannery Kevin Korsh
Each Attorney shall have the power and authority to do the
following:
To execute and deliver any Schedule 13D, Schedule 13G or
Forms 3, 4 and 5 or any amendments thereto required to be filed with the
Securities and Exchange Commission under the Securities Exchange Act of 1934 on
behalf of the Corporation with regard to any securities owned by General
Electric Capital Services, Inc., General Electric Capital Corporation or any of
their subsidiaries.
And, in connection with the foregoing, to execute and
deliver all documents, acknowledgments, consents and other agreements and to
take such further action as may be necessary or convenient for the Corporation
in order to more effectively carry out the intent and purpose of the foregoing.
Agreements, commitments, documents, instruments and other
writings executed by the Attorney in accordance with the terms hereof shall be
binding upon the Corporation without attestation and without affixation of the
seal of the Corporation. The Power of Attorney conferred hereby shall not be
delegable by any Attorney. The Attorney shall serve without compensation for
acting in the capacity of agent and attorney-in-fact hereunder.
Unless sooner revoked by the Corporation, this Power of
Attorney shall be governed under the laws of the State of New York and the
authority of the Attorney hereunder shall terminate on March 31, 2004.
IN WITNESS WHEREOF, the Corporation has caused this Power
of Attorney to be executed, attested and its corporate seal to be affixed
pursuant to authority granted by the Corporation's board of directors, as of the
12th day of March, 2002.
General Electric Company
(Corporate Seal)
By: /s/ Philip D. Ameen
---------------------------------
Philip D. Ameen, Vice President
Attest:
/s/ Robert E. Healing
- ---------------------------------------------
Robert E. Healing, Attesting Secretary
EXHIBIT 22
POWER OF ATTORNEY
The undersigned, General Electric Capital Services, Inc., a
Delaware corporation (hereinafter referred to as the "Corporation") does hereby
make, constitute and appoint the persons listed below as the Corporation's true
and lawful agent and attorney-in-fact (hereinafter referred to as the
"Attorney") to act either together or alone in the name and on behalf of the
Corporation for and with respect to the matters hereinafter described.
Name of Attorney:
Iain MacKay Barbara J. Gould
Michael A. Gaudino Peter J. Muniz
Robert O. O'Reilly, Sr. Robert L. Lewis
Murry K. Stegelmann Wendy E. Ormond
J. Gordon Smith Amy Fisher
James Ungari Mark F. Mylon
Preston Abbott Nelson Gonzalez
Barbara Lane Ricardo Silva
Leon E. Roday Michael E. Pralle
Ward Bobitz Joseph E. Parsons
Patricia Merrill Mark D. Kaplow
John L. Flannery Stewart Koenigsberg
Daniel Janki Kevin Korsh
Jonathan K. Sprole
Each Attorney shall have the power and authority to do the
following:
To execute and deliver any Schedule 13D, Schedule 13G or
Forms 3, 4 and 5 or any amendments thereto required to be filed with the
Securities and Exchange Commission under the Securities Exchange Act of 1934 on
behalf of the Corporation with regard to any securities owned by the
Corporation, General Electric Capital Corporation or any of their subsidiaries.
And, in connection with the foregoing, to execute and
deliver all documents, acknowledgments, consents and other agreements and to
take such further action as may be necessary or convenient for the Corporation
in order to more effectively carry out the intent and purpose of the foregoing.
Agreements, commitments, documents, instruments and other
writings executed by the Attorney in accordance with the terms hereof shall be
binding upon the Corporation without attestation and without affixation of the
seal of the Corporation. The Power of Attorney conferred hereby shall not be
delegable by any Attorney. The Attorney shall serve without compensation for
acting in the capacity of agent and attorney-in-fact hereunder.
Unless revoked by the Corporation, this Power of Attorney
shall be governed under the laws of the State of New York and the authority of
the Attorney hereunder shall terminate on March 31, 2004.
IN WITNESS WHEREOF, the Corporation has caused this Power
of Attorney to be executed, attested and its corporate seal to be affixed
pursuant to authority granted by the Corporation's board of directors, as of the
13th day of March, 2002.
General Electric Capital Services, Inc.
(Corporate Seal)
By: /s/ Nancy E. Barton
--------------------------------------
Nancy E. Barton, Senior Vice President
Attest:
/s/ Brian T. McAnaney
- --------------------------------------------
Brian T. McAnaney, Assistant Secretary
EXHIBIT 23
POWER OF ATTORNEY
The undersigned, General Electric Capital Corporation, a Delaware
corporation (formerly known as General Electric Credit Corporation and herein,
the "Corporation"), does hereby make, constitute and appoint each of the
following persons as the Corporation's true and lawful agent and
attorney-in-fact (each hereinafter sometimes referred to as the "Attorney") to
act in the name and on behalf of the Corporation for and with respect to the
matters hereinafter described.
Name of Attorney(s): Kevin Korsh
Each Attorney (acting alone) shall have the power and authority to do
the following:
To execute and deliver any Schedule 13D, Schedule 13G or Forms 3, 4
or 5 or any amendments thereto required to be filed with Securities and Exchange
Commission under the Securities Exchange Act of 1934 on behalf of the
Corporation with regard to any securities owned by the Corporation or any of its
subsidiaries.
And the Corporation hereby grants and gives each Attorney (acting
alone) the power and authority to do any and every act and to exercise any and
every power that the Corporation might or could do with respect to the foregoing
and that the Attorney shall deem proper and advisable, the Corporation intending
to vest in the Attorney a full power of attorney for the purposes aforesaid, and
the Corporation hereby ratifies and confirms all prior acts of each Attorney on
behalf of the Corporation in connection with the aforesaid purposes.
And in connection with the foregoing, to execute all documents,
acknowledgments, consents and other agreements and to take such further action
as may be necessary or convenient for the Corporation in order to more
effectively carry out the intent and purpose of the foregoing powers.
Agreements, documents, instruments and other writings executed by the
Attorney in accordance with the terms hereof shall be binding upon the
Corporation without attestation and without affixation of the seal of the
Corporation. The power of attorney conferred hereby shall not be delegable by
the Attorney. The Attorney shall serve without compensation for acting in the
capacity of agent and attorney-in-fact hereunder.
This Power of Attorney and the authority of the Attorney hereunder
shall automatically terminate on December 31, 2004.
IN WITNESS WHEREOF, the Corporation has caused this Power of Attorney
to be executed, attested, and its corporate seal affixed pursuant to authority
granted by the Corporation's Board of Directors as of April 30, 2003.
GENERAL ELECTRIC CAPITAL CORPORATION
By: /s/ Joseph Parsons
------------------------------------
Joseph Parsons,
Vice President
/s/ Paul Mundinger
- --------------------------------
Paul Mundinger,
Attesting Secretary
State of Connecticut )
) SS: Stamford
County of Fairfield )
Before me, a Notary Public, personally appeared Joseph Parsons and Paul
Mundinger, known to me to be a Vice President and Attesting Secretary,
respectively, of General Electric Capital Corporation, who each executed the
foregoing and attached Certificate pursuant to authority granted by the Board of
Directors of said Corporation.
/s/ Valerie Benedetto
---------------------------
Notary Public
My commission expires: March 31, 2008
Dated: April 30, 2003
EXHIBIT 24
POWER OF ATTORNEY
The undersigned, GE Capital International Holdings Corporation, a
Delaware corporation, does hereby make, constitute and appoint each of the
following persons as the Corporation's true and lawful agent and
attorney-in-fact (each hereinafter sometimes referred to as the "Attorney") to
act in the name and on behalf of the Corporation for and with respect to the
matters hereinafter described.
Name of Attorney(s): Michael Pralle, Joseph Parsons, Mark Kaplow,
Stewart Koenigsberg, and Kevin Korsh
Each Attorney (acting alone) shall have the power and authority to do
the following:
To execute and deliver any Schedule 13D, Schedule 13G or Forms 3, 4
or 5 or any amendments thereto required to be filed with Securities and Exchange
Commission under the Securities Exchange Act of 1934 on behalf of the
Corporation with regard to any securities owned by the Corporation or any of its
subsidiaries.
And the Corporation hereby grants and gives each Attorney (acting
alone) the power and authority to do any and every act and to exercise any and
every power that the Corporation might or could do with respect to the foregoing
and that the Attorney shall deem proper and advisable, the Corporation intending
to vest in the Attorney a full power of attorney for the purposes aforesaid, and
the Corporation hereby ratifies and confirms all prior acts of each Attorney on
behalf of the Corporation in connection with the aforesaid purposes.
And in connection with the foregoing, to execute all documents,
acknowledgments, consents and other agreements and to take such further action
as may be necessary or convenient for the Corporation in order to more
effectively carry out the intent and purpose of the foregoing powers.
Agreements, documents, instruments and other writings executed by the
Attorney in accordance with the terms hereof shall be binding upon the
Corporation without attestation and without affixation of the seal of the
Corporation. The power of attorney conferred hereby shall not be delegable by
the Attorney. The Attorney shall serve without compensation for acting in the
capacity of agent and attorney-in-fact hereunder.
This Power of Attorney and the authority of the Attorney hereunder
shall automatically terminate on December 31, 2004.
IN WITNESS WHEREOF, the Corporation has caused this Power of Attorney
to be executed, attested, and its corporate seal affixed pursuant to authority
granted by the Corporation's Board of Directors as of April 30, 2003.
GE CAPITAL INTERNATIONAL HOLDINGS CORPORATION
By: /s/ David R. Nissen
------------------------------------
David R. Nissen
President
/s/ Sarah J. Graber
- -------------------------------
Sarah J. Graber
Attesting Secretary
State of Connecticut )
) SS: Stamford
County of Fairfield )
Before me, a Notary Public, personally appeared David R. Nissen and Sarah J.
Graber, known to me to be the President and Attesting Secretary, respectively,
of GE Capital International Holdings Corporation, who each executed the
foregoing and attached Certificate pursuant to authority granted by the Board of
Directors of said Corporation.
/s/ Cecelia V. Brian
----------------------------
Notary Public
My commission expires: June 30, 2005
Dated: April 30, 2003
EXHIBIT 25
POWER OF ATTORNEY
The undersigned, Security Capital Group Incorporated, a Maryland
corporation (the "Corporation"), does hereby make, constitute and appoint each
of the following persons as the Corporation's true and lawful agent and
attorney-in-fact (each hereinafter sometimes referred to as the "Attorney") to
act in the name and on behalf of the Corporation for and with respect to the
matters hereinafter described.
Name of Attorney(s): Mark Kaplow and Kevin Korsh
Each Attorney (acting alone) shall have the power and authority to do
the following:
To execute and deliver any Schedule 13D, Schedule 13G or Forms 3, 4
or 5 or any amendments thereto required to be filed with Securities and Exchange
Commission under the Securities Exchange Act of 1934 on behalf of the
Corporation with regard to any securities owned by the Corporation or any of its
subsidiaries.
And the Corporation hereby grants and gives each Attorney (acting
alone) the power and authority to do any and every act and to exercise any and
every power that the Corporation might or could do with respect to the foregoing
and that the Attorney shall deem proper and advisable, the Corporation intending
to vest in the Attorney a full power of attorney for the purposes aforesaid, and
the Corporation hereby ratifies and confirms all prior acts of each Attorney on
behalf of the Corporation in connection with the aforesaid purposes.
And in connection with the foregoing, to execute all documents,
acknowledgments, consents and other agreements and to take such further action
as may be necessary or convenient for the Corporation in order to more
effectively carry out the intent and purpose of the foregoing powers.
Agreements, documents, instruments and other writings executed by the
Attorney in accordance with the terms hereof shall be binding upon the
Corporation without attestation and without affixation of the seal of the
Corporation. The power of attorney conferred hereby shall not be delegable by
the Attorney. The Attorney shall serve without compensation for acting in the
capacity of agent and attorney-in-fact hereunder.
This Power of Attorney and the authority of the Attorney hereunder
shall automatically terminate on December 31, 2004.
IN WITNESS WHEREOF, the Corporation has caused this Power of Attorney
to be executed, attested, and its corporate seal affixed pursuant to authority
granted by the Corporation's Board of Directors as of April 30, 2003.
SECURITY CAPITAL GROUP INCORPORATED
By: /s/ Joseph Parsons
-------------------------------------
Joseph Parsons,
Chairman & Chief Executive Officer
/s/ Mark Kaplow
- -------------------------------
Mark Kaplow,
Assistant Secretary
State of Connecticut )
) SS: Stamford
County of Fairfield )
Before me, a Notary Public, personally appeared Joseph Parsons and Mark Kaplow,
known to me to be the Chairman and Chief Executive Officer and Assistant
Secretary, respectively, of Security Capital Group Incorporated, who each
executed the foregoing and attached Certificate pursuant to authority granted by
the Board of Directors of said Corporation.
/s/ Valerie Benedetto
----------------------------
Notary Public
My commission expires: March 31, 2008
Dated: April 30, 2003
EXHIBIT 26
POWER OF ATTORNEY
The undersigned, SC Capital Incorporated, a Nevada corporation (the
"Corporation"), does hereby make, constitute and appoint each of the following
persons as the Corporation's true and lawful agent and attorney-in-fact (each
hereinafter sometimes referred to as the "Attorney") to act in the name and on
behalf of the Corporation for and with respect to the matters hereinafter
described.
Name of Attorney(s): Mark Kaplow and Kevin Korsh
Each Attorney (acting alone) shall have the power and authority to do
the following:
To execute and deliver any Schedule 13D, Schedule 13G or Forms 3, 4
or 5 or any amendments thereto required to be filed with Securities and Exchange
Commission under the Securities Exchange Act of 1934 on behalf of the
Corporation with regard to any securities owned by the Corporation or any of its
subsidiaries.
And the Corporation hereby grants and gives each Attorney (acting
alone) the power and authority to do any and every act and to exercise any and
every power that the Corporation might or could do with respect to the foregoing
and that the Attorney shall deem proper and advisable, the Corporation intending
to vest in the Attorney a full power of attorney for the purposes aforesaid, and
the Corporation hereby ratifies and confirms all prior acts of each Attorney on
behalf of the Corporation in connection with the aforesaid purposes.
And in connection with the foregoing, to execute all documents,
acknowledgments, consents and other agreements and to take such further action
as may be necessary or convenient for the Corporation in order to more
effectively carry out the intent and purpose of the foregoing powers.
Agreements, documents, instruments and other writings executed by the
Attorney in accordance with the terms hereof shall be binding upon the
Corporation without attestation and without affixation of the seal of the
Corporation. The power of attorney conferred hereby shall not be delegable by
the Attorney. The Attorney shall serve without compensation for acting in the
capacity of agent and attorney-in-fact hereunder.
This Power of Attorney and the authority of the Attorney hereunder
shall automatically terminate on December 31, 2004.
IN WITNESS WHEREOF, the Corporation has caused this Power of Attorney
to be executed, attested, and its corporate seal affixed pursuant to authority
granted by the Corporation's Board of Directors as of April 30, 2003.
SC CAPITAL INCORPORATED
By: /s/ Joseph Parsons
--------------------------------
Joseph Parsons,
Senior Vice President
/s/ Mark Kaplow
- ----------------------------
Mark Kaplow,
Assistant Secretary
State of Connecticut )
) SS: Stamford
County of Fairfield )
Before me, a Notary Public, personally appeared Joseph Parsons and Mark Kaplow,
known to me to be a Senior Vice President and Assistant Secretary, respectively,
of SC Capital Incorporated, who each executed the foregoing and attached
Certificate pursuant to authority granted by the Board of Directors of said
Corporation.
/s/ Valerie Benedetto
-------------------------------
Notary Public
My commission expires: March 31, 2008
Dated: April 30, 2003
EXHIBIT 27
POWER OF ATTORNEY
The undersigned, SC Realty Incorporated, a Nevada corporation (the
"Corporation"), does hereby make, constitute and appoint each of the following
persons as the Corporation's true and lawful agent and attorney-in-fact (each
hereinafter sometimes referred to as the "Attorney") to act in the name and on
behalf of the Corporation for and with respect to the matters hereinafter
described.
Name of Attorney(s): Mark Kaplow and Kevin Korsh
Each Attorney (acting alone) shall have the power and authority to do
the following:
To execute and deliver any Schedule 13D, Schedule 13G or Forms 3, 4
or 5 or any amendments thereto required to be filed with Securities and Exchange
Commission under the Securities Exchange Act of 1934 on behalf of the
Corporation with regard to any securities owned by the Corporation or any of its
subsidiaries.
And the Corporation hereby grants and gives each Attorney (acting
alone) the power and authority to do any and every act and to exercise any and
every power that the Corporation might or could do with respect to the foregoing
and that the Attorney shall deem proper and advisable, the Corporation intending
to vest in the Attorney a full power of attorney for the purposes aforesaid, and
the Corporation hereby ratifies and confirms all prior acts of each Attorney on
behalf of the Corporation in connection with the aforesaid purposes.
And in connection with the foregoing, to execute all documents,
acknowledgments, consents and other agreements and to take such further action
as may be necessary or convenient for the Corporation in order to more
effectively carry out the intent and purpose of the foregoing powers.
Agreements, documents, instruments and other writings executed by the
Attorney in accordance with the terms hereof shall be binding upon the
Corporation without attestation and without affixation of the seal of the
Corporation. The power of attorney conferred hereby shall not be delegable by
the Attorney. The Attorney shall serve without compensation for acting in the
capacity of agent and attorney-in-fact hereunder.
This Power of Attorney and the authority of the Attorney hereunder
shall automatically terminate on December 31, 2004.
IN WITNESS WHEREOF, the Corporation has caused this Power of Attorney
to be executed, attested, and its corporate seal affixed pursuant to authority
granted by the Corporation's Board of Directors as of April 30, 2003.
SC REALTY INCORPORATED
By: /s/ Joseph Parsons
------------------------------
Joseph Parsons,
President
/s/ Mark Kaplow
- ---------------------------
Mark Kaplow,
Assistant Secretary
State of Connecticut )
) SS: Stamford
County of Fairfield )
Before me, a Notary Public, personally appeared Joseph Parsons and Mark Kaplow,
known to me to be the President and Assistant Secretary, respectively, of SC
Capital Incorporated, who each executed the foregoing and attached Certificate
pursuant to authority granted by the Board of Directors of said Corporation.
/s/ Valerie Benedetto
------------------------------
Notary Public
My commission expires: March 31, 2008
Dated: April 30, 2003
EXHIBIT 28
POWER OF ATTORNEY
The undersigned, Security Capital Operations Incorporated, a Maryland
corporation (the "Corporation"), does hereby make, constitute and appoint each
of the following persons as the Corporation's true and lawful agent and
attorney-in-fact (each hereinafter sometimes referred to as the "Attorney") to
act in the name and on behalf of the Corporation for and with respect to the
matters hereinafter described.
Name of Attorney(s): Mark Kaplow and Kevin Korsh
Each Attorney (acting alone) shall have the power and authority to do
the following:
To execute and deliver any Schedule 13D, Schedule 13G or Forms 3, 4
or 5 or any amendments thereto required to be filed with Securities and Exchange
Commission under the Securities Exchange Act of 1934 on behalf of the
Corporation with regard to any securities owned by the Corporation or any of its
subsidiaries.
And the Corporation hereby grants and gives each Attorney (acting
alone) the power and authority to do any and every act and to exercise any and
every power that the Corporation might or could do with respect to the foregoing
and that the Attorney shall deem proper and advisable, the Corporation intending
to vest in the Attorney a full power of attorney for the purposes aforesaid, and
the Corporation hereby ratifies and confirms all prior acts of each Attorney on
behalf of the Corporation in connection with the aforesaid purposes.
And in connection with the foregoing, to execute all documents,
acknowledgments, consents and other agreements and to take such further action
as may be necessary or convenient for the Corporation in order to more
effectively carry out the intent and purpose of the foregoing powers.
Agreements, documents, instruments and other writings executed by the
Attorney in accordance with the terms hereof shall be binding upon the
Corporation without attestation and without affixation of the seal of the
Corporation. The power of attorney conferred hereby shall not be delegable by
the Attorney. The Attorney shall serve without compensation for acting in the
capacity of agent and attorney-in-fact hereunder.
This Power of Attorney and the authority of the Attorney hereunder
shall automatically terminate on December 31, 2004.
IN WITNESS WHEREOF, the Corporation has caused this Power of Attorney
to be executed, attested, and its corporate seal affixed pursuant to authority
granted by the Corporation's Board of Directors as of April 30, 2003.
SECURITY CAPITAL OPERATIONS INCORPORATED
By: /s/ Joseph Parsons
--------------------------------------
Joseph Parsons,
President
/s/ Mark Kaplow
- ----------------------------
Mark Kaplow,
Assistant Secretary
State of Connecticut )
) SS: Stamford
County of Fairfield )
Before me, a Notary Public, personally appeared Joseph Parsons and Mark Kaplow,
known to me to be the President and Assistant Secretary, respectively, of
Security Capital Operations Incorporated, who each executed the foregoing and
attached Certificate pursuant to authority granted by the Board of Directors of
said Corporation.
/s/ Valerie Benedetto
--------------------------------
Notary Public
My commission expires: March 31, 2008
Dated: April 30, 2003
EXHIBIT 29
POWER OF ATTORNEY
The undersigned, Security Capital Shopping Mall Business Trust, a
Maryland real estate investment trust (the "Trust"), does hereby make,
constitute and appoint each of the following persons as the Trust's true and
lawful agent and attorney-in-fact (each hereinafter sometimes referred to as the
"Attorney") to act in the name and on behalf of the Trust for and with respect
to the matters hereinafter described.
Name of Attorney(s): Mark Kaplow and Kevin Korsh
Each Attorney (acting alone) shall have the power and authority to do
the following:
To execute and deliver any Schedule 13D, Schedule 13G or Forms 3, 4
or 5 or any amendments thereto required to be filed with Securities and Exchange
Commission under the Securities Exchange Act of 1934 on behalf of the Trust with
regard to any securities owned by the Trust or any of its subsidiaries.
And the Trust hereby grants and gives each Attorney (acting alone)
the power and authority to do any and every act and to exercise any and every
power that the Trust might or could do with respect to the foregoing and that
the Attorney shall deem proper and advisable, the Trust intending to vest in the
Attorney a full power of attorney for the purposes aforesaid, and the Trust
hereby ratifies and confirms all prior acts of each Attorney on behalf of the
Trust in connection with the aforesaid purposes.
And in connection with the foregoing, to execute all documents,
acknowledgments, consents and other agreements and to take such further action
as may be necessary or convenient for the Trust in order to more effectively
carry out the intent and purpose of the foregoing powers.
Agreements, documents, instruments and other writings executed by the
Attorney in accordance with the terms hereof shall be binding upon the Trust
without attestation and without affixation of the seal of the Trust. The power
of attorney conferred hereby shall not be delegable by the Attorney. The
Attorney shall serve without compensation for acting in the capacity of agent
and attorney-in-fact hereunder.
This Power of Attorney and the authority of the Attorney hereunder
shall automatically terminate on December 31, 2004.
IN WITNESS WHEREOF, the Trust has caused this Power of
Attorney to be executed, attested, and its corporate seal affixed pursuant to
authority granted by the trustees of the Trust as of April 30, 2003.
SECURITY CAPITAL SHOPPING MALL BUSINESS TRUST
By: /s/ Joseph Parsons
-----------------------------------------
Joseph Parsons,
President
/s/ Mark Kaplow
- ------------------------------
Mark Kaplow,
Assistant Secretary
State of Connecticut )
) SS: Stamford
County of Fairfield )
Before me, a Notary Public, personally appeared Joseph Parsons and Mark Kaplow,
known to me to be the President and Assistant Secretary, respectively, of
Security Capital Shopping Mall Business Trust, who each executed the foregoing
and attached Certificate pursuant to authority granted by the trustees of said
Trust.
/s/ Valerie Benedetto
---------------------------------
Notary Public
My commission expires: March 31, 2008
Dated: April 30, 2003
