UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Torney Anthony C/O CENTRO WATT 580 W. GERMANTOWN PIKE, SUITE 200 PLYMOUTH MEETING, PA 19462 |
 X |  |  |  |
/s/ Anthony Torney | 04/13/2007 | |
**Signature of Reporting Person | Date |
No securities are beneficially owned | |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
 Remarks: Pursuant to the terms of that certain Agreement and Plan of Merger, dated as of February 27, 2007 (as it may be amended or supplemented from time to time), among the Issuer, Excel Realty Partners, L.P., Super IntermediateCo LLC ("Parent"), Super MergerSub Inc. ("Purchaser") and Super DownREIT MergerSub LLC, on April 5, 2007, Mr. Torney became a director of the Issuer as a designee of Parent following the payment by Purchaser for shares of common stock, $.01 par value per share, of the Issuer (the "Common Stock") tendered pursuant to Purchaser?s offer to purchase all outstanding shares of Common Stock of the Issuer. |