Securities and Exchange Commission
Washington, D.C. 20549
AMENDMENT NO. 14
TO
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
Entertainment Properties Trust
-------------------------------------------------------------------------------
(Name of Issuer)
Common Shares of Beneficial Interest, par value $.01 per share
-------------------------------------------------------------------------------
(Title of Class of Securities)
29380T105
-------------------------------------------------------------------------------
(CUSIP Number)
Simeon Brinberg
60 Cutter Mill Road, Great Neck, New York 11021 516-466-3100
-------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
-------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule l3G to
report the acquisition that is the subject of this Schedule l3D, and is filing
this schedule because of Rule l3d-l(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 l3d-7 for other
parties to whom copies are to be sent.
Page 1 of 20 Pages
Page 2 of 20 Pages
Cusip No. 29380T105
-----------------------------------------------------------------
l. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
BRT Realty Trust - 13-2755856
-----------------------------------------------------------------
2. CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)X
(b)
-----------------------------------------------------------------
3. SEC USE ONLY
-----------------------------------------------------------------
4. SOURCE OF FUNDS*
WC
-----------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
-----------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts
-----------------------------------------------------------------
7. SOLE VOTING POWER - 1,033,500
NUMBER OF ---------------------------------------------
SHARES 8. SHARED VOTING POWER -
BENEFICIALLY ---------------------------------------------
OWNED BY 9. SOLE DISPOSITIVE POWER - 1,033,500
EACH ---------------------------------------------
REPORTING 10. SHARED DISPOSITIVE POWER -
PERSON WITH ---------------------------------------------
-----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON - 1,033,500
-----------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
-----------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.39%
-----------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
OO
Page 3 of 20 Pages
Cusip No. 29380T105
l. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gould Investors L.P. - 11-2763164
-----------------------------------------------------------------
2. CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)X
(b)
-----------------------------------------------------------------
3. SEC USE ONLY
-----------------------------------------------------------------
4. SOURCE OF FUNDS*
WC
-----------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
-----------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------------------------------------------
7. SOLE VOTING POWER - 0
NUMBER OF ---------------------------------------------
SHARES 8. SHARED VOTING POWER - 20,000 (1)
BENEFICIALLY ---------------------------------------------
OWNED BY 9. SOLE DISPOSITIVE POWER - 0
EACH ---------------------------------------------
REPORTING 10. SHARED DISPOSITIVE POWER - 20,000 (1)
PERSON WITH ---------------------------------------------
-----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON - 20,000 (1)
-----------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
-----------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
LESS THAN 1%
-----------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
PN
Page 4 of 20 Pages
(1) Gould Investors L.P. is a member of SASS/Gould Real Estate Securities LLC,
a limited liability company. An affiliate of Gould Investors L.P. is a
sub-advisor to M.D. Sass Investors Services, Inc., the Managing Member of
Sass/Gould Real Estate Securities LLC. Gould Investors L.P. disposed of the
shares which it owned in the Company more than sixty days prior to the date of
this filing. Gould Investors L.P. may be deemed to have shared voting and shared
dispositive power with respect to the 20,000 shares of the Company owned by
SASS/Gould Real Estate Securities LLC.
Page 5 of 20 Pages
Cusip No. 29380T105
l. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ONE LIBERTY PROPERTIES, INC. - 13-3147497
-----------------------------------------------------------------
2. CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)X
(b)
-----------------------------------------------------------------
3. SEC USE ONLY
-----------------------------------------------------------------
4. SOURCE OF FUNDS*
WC
-----------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
-----------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
MARYLAND
-----------------------------------------------------------------
7. SOLE VOTING POWER - 2,625
NUMBER OF ---------------------------------------------
SHARES 8. SHARED VOTING POWER -
BENEFICIALLY ---------------------------------------------
OWNED BY 9. SOLE DISPOSITIVE POWER - 2,625
EACH ---------------------------------------------
REPORTING 10. SHARED DISPOSITIVE POWER -
PERSON WITH ---------------------------------------------
-----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON - 2,625
-----------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
-----------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
LESS THAN 1%
-----------------------------------------------------------------
14. TYPE OF REPORTING PERSON *
CO
Page 6 of 20 Pages
Cusip No. 29380T105
l. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SASS/GOULD Real Estate Securities LLC - 13-4057411 (1)
-----------------------------------------------------------------
2. CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)X
(b)
-----------------------------------------------------------------
3. SEC USE ONLY
-----------------------------------------------------------------
4. SOURCE OF FUNDS* WC
-----------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
-----------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
-----------------------------------------------------------------
7. SOLE VOTING POWER - 20,000
NUMBER OF ---------------------------------------------
SHARES 8. SHARED VOTING POWER -
BENEFICIALLY ---------------------------------------------
OWNED BY 9. SOLE DISPOSITIVE POWER - 20,000
EACH ---------------------------------------------
REPORTING 10. SHARED DISPOSITIVE POWER -
PERSON WITH ---------------------------------------------
-----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON - 20,000
-----------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES*
-----------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
LESS THAN 1%
-----------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
OO
(1) Successor to SASS/Gould REIT Partners.
Page 7 of 20 Pages
Cusip No. 29380T105
l. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
M.D. SASS Investors Services, Inc. - 13-2703405
-----------------------------------------------------------------
2. CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)X
(b)
-----------------------------------------------------------------
3. SEC USE ONLY
-----------------------------------------------------------------
4. SOURCE OF FUNDS* OO
-----------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
-----------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------------------------------------------
7. SOLE VOTING POWER -
NUMBER OF _____________________________________________
SHARES 8. SHARED VOTING POWER - 20,000
BENEFICIALLY ____________________________________________
OWNED BY 9. SOLE DISPOSITIVE POWER -
EACH _____________________________________________
REPORTING 10. SHARED DISPOSITIVE POWER - 20,000
PERSON WITH _____________________________________________
-----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON - 20,000 (1)
-----------------------------------------------------------------
12. CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
---------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) LESS THAN 1%
-----------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
IA
(1) Represents shares of the Company owned by Sass/Gould Real Estate Securities
LLC. Other shares of the Company owned by SASS/Gould Real Estate Securities LLC
and by another client of M.D. Sass Investors Services, Inc. were sold more than
sixty days prior to this filing.
Page 8 of 20 Pages
Cusip No. 29380T105
l. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Fredric H. Gould and
Fredric H. Gould Spousal IRA 119-26-2645
-----------------------------------------------------------------
2. CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)X
(b)
-----------------------------------------------------------------
3. SEC USE ONLY
-----------------------------------------------------------------
4. SOURCE OF FUNDS*
PF
-----------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e)
-----------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION United States
-----------------------------------------------------------------
7. SOLE VOTING POWER - 2,112 (1)
NUMBER OF ---------------------------------------------
SHARES 8. SHARED VOTING POWER - 1,056,125 (2)
BENEFICIALLY ---------------------------------------------
OWNED BY 9. SOLE DISPOSITIVE POWER - 2,112 (1)
EACH ---------------------------------------------
REPORTING 10. SHARED DISPOSITIVE POWER - 1,056,125 (2)
PERSON WITH ---------------------------------------------
-----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON - 1,058,237
-----------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES*
-----------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
LESS THAN 4.49%
-----------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
IN
NOTE: - (1) The 2,112 shares includes 1,850 shares owned by
Fredric H. Gould, individually, and 262 shares owned by Fredric H.
Gould Spousal IRA.
Page 9 of 20 Pages
(2) Fredric H. Gould is Chairman of the Board of BRT Realty Trust, Chairman of
the Board and sole shareholder of the Managing General Partner of Gould
Investors L.P. and Chairman of the Board of One Liberty Properties, Inc. Gould
Investors L.P. is a member of SASS/Gould Real Estate Securities LLC and an
affiliate of Gould Investors L.P. is the sub-advisor to Sass/Gould Real Estate
Securities LLC. Mr. Gould may be deemed to have shared voting and shared
dispositive power as to the Common Shares of the Company owned by BRT Realty
Trust, One Liberty Properties, Inc. and Sass/Gould Real Estate Securities, Inc.
Page 10 of 20 Pages
Cusip No. 29380T105
l. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Helaine Gould - 052-32-2215
-----------------------------------------------------------------
2. CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)X
(b)
-----------------------------------------------------------------
3. SEC USE ONLY
-----------------------------------------------------------------
4. SOURCE OF FUNDS*
PF
-----------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
-----------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-----------------------------------------------------------------
7. SOLE VOTING POWER - 1,000
NUMBER OF ---------------------------------------------
SHARES 8. SHARED VOTING POWER -
BENEFICIALLY ---------------------------------------------
OWNED BY 9. SOLE DISPOSITIVE POWER - 1,000
EACH ---------------------------------------------
REPORTING 10. SHARED DISPOSITIVE POWER -
PERSON WITH ---------------------------------------------
-----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON - 1,000
-----------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES*
-----------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
LESS THAN 1%
-----------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
IN
Page 11 of 20 Pages
Cusip No. 29380T105
l. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jeffrey Gould - 087-44-0886
-----------------------------------------------------------------
2. CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)X
(b)
-----------------------------------------------------------------
3. SEC USE ONLY
-----------------------------------------------------------------
4. SOURCE OF FUNDS*
PF
-----------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
-----------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION United States
-----------------------------------------------------------------
7. SOLE VOTING POWER - 300
NUMBER OF ---------------------------------------------
SHARES 8. SHARED VOTING POWER - 1,033,500 (1)
BENEFICIALLY ---------------------------------------------
OWNED BY 9. SOLE DISPOSITIVE POWER - 300
EACH ---------------------------------------------
REPORTING 10. SHARED DISPOSITIVE POWER - 1,033,500 (1)
PERSON WITH ---------------------------------------------
-----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON - 1,033,800
-----------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES*
-----------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.39%
-----------------------------------------------------------------
14. TYPE OF
REPORTING PERSON*
IN
(1) Jeffrey Gould is President and Chief Executive Officer of BRT Realty Trust.
Accordingly, he may be deemed to have shared voting and shared dispositive power
over the shares owned by BRT Realty Trust.
Page 12 of 20 Pages
Cusip No. 29380T105
l. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Matthew Gould - 052-40-1318
-----------------------------------------------------------------
2. CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)X
(b)
-----------------------------------------------------------------
3. SEC USE ONLY
-----------------------------------------------------------------
4. SOURCE OF FUNDS* PF
-----------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
-----------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION United States
-----------------------------------------------------------------
7. SOLE VOTING POWER - 100
NUMBER OF ---------------------------------------------
SHARES 8. SHARED VOTING POWER - 20,000 (1)
BENEFICIALLY ---------------------------------------------
OWNED BY 9. SOLE DISPOSITIVE POWER - 100
EACH ---------------------------------------------
REPORTING 10. SHARED DISPOSITIVE POWER - 20,000(1)
PERSON WITH ---------------------------------------------
-----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON - 20,100
-----------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES*
-----------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
LESS THAN 1%
-----------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
IN
(1) Matthew Gould is President of the Managing General Partner of Gould
Investors L.P. Accordingly, he may be deemed to have shared voting and shared
dispositive power as to the Common Shares of the Company owned by SASS/Gould
Real Estate Securities LLC.
Page 13 of 20 Pages
Cusip No. 29380T105
l. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Israel Rosenzweig and Zehavit Rosenzweig, as joint
tenants - 068-52-3463.
-----------------------------------------------------------------
2. CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)X
(b)
-----------------------------------------------------------------
3. SEC USE ONLY
-----------------------------------------------------------------
4. SOURCE OF FUNDS*
PF
-----------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
-----------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION United States
-----------------------------------------------------------------
7. SOLE VOTING POWER - 1,000
NUMBER OF ---------------------------------------------
SHARES 8. SHARED VOTING POWER - 20,000 (1)
BENEFICIALLY ---------------------------------------------
OWNED BY 9. SOLE DISPOSITIVE POWER - 1,000
EACH ---------------------------------------------
REPORTING 10. SHARED DISPOSITIVE POWER - 20,000 (1)
PERSON WITH ---------------------------------------------
-----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON - 21,000
-----------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES*
-----------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) LESS THAN 1%
-----------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
IN
Page 14 of 20 Pages
Cusip No. 29380T105
(1) Mr. Rosenzweig is President of the affiliate of Gould Investors L.P., which
acts as sub-advisor to M.D. Sass Investors Services, Inc. Accordingly, he may be
deemed to have shared voting and shared dispositive powers as to the Common
Shares of the Company owned by Sass/Gould Real Estate Securities LLC.
Page 15 of 20 Pages
Cusip No. 29380T105
l. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Israel Rosenzweig - Keogh Account, 068-52-3463 and Israel
Rosenzweig as custodian for Alon Rosenzweig under New York
Uniform Gift to Minors Act - 088-74-1177.
-----------------------------------------------------------------
2. CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)X
(b)
-----------------------------------------------------------------
3. SEC USE ONLY
-----------------------------------------------------------------
4. SOURCE OF FUNDS* PF
-----------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
----------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION United States
-----------------------------------------------------------------
7. SOLE VOTING POWER - 4,300
NUMBER OF ---------------------------------------------
SHARES 8. SHARED VOTING POWER -
BENEFICIALLY ---------------------------------------------
OWNED BY 9. SOLE DISPOSITIVE POWER - 4,300
EACH ---------------------------------------------
REPORTING 10. SHARED DISPOSITIVE POWER -
PERSON WITH ---------------------------------------------
-----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON - 4,300
-----------------------------------------------------------------
12. CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
-----------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
LESS THAN 1%
-----------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
IN
NOTE: The 4,300 shares includes 4,100 shares held in a Keogh Account
established by Mr. Rosenzweig and 200 shares are held by him as
a custodian for his son.
Page 16 of 20 Pages
This Amendment amends and supplements Schedule 13D filed with the Securities and
Exchange Commission on March 13, 2000, as amended to date. The aggregate number
of shares of the Company over which the members of the Group have sole and
shared voting and dispositive power is now less than 5%. This is a result of
sales of the Company's Common Shares made by certain members of the group since
the last amendment filed and the issuance by the Company of its Common Shares.
The Company's Form 10-Q for the quarter ended March 31, 2004 reports that the
Company issued 747,243 Common Shares on March 1, 2004 and 2,587,500 Common
Shares on April 26, 2004 and states that at April 27, 2004, the Company had
23,530,029 Common Shares outstanding.
Item 4. Purpose of the Transaction
The activities of BRT with respect to the Company have been reported in Schedule
13D and the amendments thereto, previously filed. At the present time, all
members of the group filing this Amendment are holding the Common Shares of the
Company as an investment. As reported in this Amendment, BRT, within the sixty
(60) days prior to filing the Amendment, has disposed, in open market
transactions of 20,800 Common Shares of the Company. BRT and other members of
the group, have, since June 30, 2003 (the date of Amendment No. 13 to Schedule
13D) and more than sixty (60) days prior to the filing of this Amendment 14,
from time-to-time sold Common Shares of the Company in open market transactions.
Each member of the group, subject to the availability of prices deemed favorable
and an analysis of the Company, may purchase Common Shares of the Company in the
open market. Each member of the group may also sell all or a portion of the
Common Shares of the Company owned by them.
Item 5. Interest in Securities of the Issuer
BRT owns, as of this date, 1,033,500 Common Shares of the Company, constituting
approximately 4.39% of the 23,530,029 Common Shares outstanding.
In the aggregate, the persons and entities filing as a group, own 1,064,937
Common Shares in the aggregate, or 4.53% of the outstanding Common Shares of the
Company.
Schedule A hereto sets forth the transactions in the Common Shares of the
Company by BRT during the past 60 days.
None of the other members of the group have had any transactions in the Common
Shares of the Company during the past 60 days. All transactions reported on
Schedule A were effected in regular broker transactions over The New York Stock
Exchange.
Page 17 of 20 Pages
Item 7. Exhibits (1) (a) Agreement to file jointly. Filed with Schedule 13D.
(b) Power of Attorney. Filed with Schedule 13D.
(2) Letter dated May 31, 2000 from BRT Realty Trust to the
Board of Trustees of the Company. Filed with Amendment No. 3 to Schedule 13D.
(3) Letter dated September 7, 2000 from BRT Realty Trust to
the President of the Company. Filed with Amendment No. 4 to Schedule 13D.
(4) Letter dated September 27, 2000 from BRT Realty Trust to
the President of the Company. Filed with Amendment No. 5 to Schedule 13D.
(5) Letter dated October 4, 2000 from the President of the
Company to BRT Realty Trust. Filed with Amendment No. 6 to Schedule 13D.
(6) Letter dated October 6, 2000 from BRT Realty Trust to the
President of the Company. Filed with Amendment No. 6 to Schedule 13D.
(7) Letter dated October 6, 2000 from the President of the
Company to BRT Realty Trust. Filed with Amendment No. 7 to Schedule 13D.
(8) Letter dated October 11, 2000 from BRT Realty Trust to UMB
Bank, N.A. Filed with Amendment No. 7 to Schedule
13D.
(9) Letter dated February 7, 2001 from BRT Realty Trust to
the President of the Company. Filed with Amendment No. 8 to Schedule 13D.
Page 18 of 20 Pages
(10) Notice dated February 7, 2001 from BRT Realty Trust to
the Company with respect to 2001 Annual Meeting. Filed with Amendment No. 8 to
Schedule 13D.
(11) Letter dated February 20, 2001 from BRT Realty Trust to
the Company with respect to 2001 Annual Meeting Filed with Amendment No. 9 to
Schedule 13D.
(12) Notice dated February 20, 2001 from BRT Realty Trust to
the Company with respect to 2001 Annual Meeting. Filed with Amendment No. 9 to
Schedule 13D.
(13) Press Release issued by BRT on April 2, 2001. Filed with
Amendment No. 10 to Schedule 13D.
(14) Press Release issued by BRT on April 10, 2001. Filed
with Amendment No. 11 to Schedule 13D.
Signature
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this amendment to the statement is true,
complete and correct.
Dated: May 17, 2004
BRT REALTY TRUST s/Fredric H. Gould
By: Simeon Brinberg, Attorney in Fact
By s/David W. Kalish --------------------------------------
----------------------------- Fredric H. Gould
David W. Kalish, -------------------------------------
Senior Vice President
s/Fredric H. Gould Spousal IRA
By: Simeon Brinberg, Attorney in Fact
--------------------------------------
Fredric H. Gould Spousal IRA
----------------------------
GOULD INVESTORS L.P. s/Helaine Gould
By: GEORGETOWN PARTNERS, INC. By: Simeon Brinberg, Attorney in Fact
MANAGING GENERAL PARTNER --------------------------------------
Helaine Gould
-------------
By:s/Simeon Brinberg
------------------------------ s/Matthew Gould
Simeon Brinberg, By: Simeon Brinberg, Attorney in Fact
Senior Vice President --------------------------------------
Matthew Gould
-------------
s/Jeffrey Gould
ONE LIBERTY PROPERTIES, INC. By: Simeon Brinberg, Attorney in Fact
--------------------------------------
Jeffrey Gould
--------------------------------------
By:s/Mark H. Lundy s/Israel Rosenzweig
--------------- ------------------------
Mark H. Lundy, Israel Rosenzweig,
Secretary Individually and as Custodian
MD SASS INVESTORS SERVICES, INC. s/Zehavit Rosenzweig
By: Simeon Brinberg, Attorney in Fact
By: s/Philip M. Sivin --------------------------------------
----------------- Zehavit Rosenzweig
Philip M. Sivin, ------------------
Vice President
SASS/GOULD REAL ESTATE
SECURITIES LLC,
BY: M.D. SASS INVESTORS
SERVICES, INC.
By: s/Philip M. Sivin
-----------------
Philip M. Sivin,
Vice President
Page 20 of 20 Pages
SCHEDULE A
The following table sets forth transactions (all sales) in the shares of Common
Stock of the Company effected by BRT Realty Trust in the past sixty (60) days.
All shares were sold in the open market.
DATE OF # OF PRICE
SALE SHARES PER SHARE
3/24/04 8,800 39.46
3/25/04 2,300 39.51
3/25/04 2,000 39.64
3/25/04 100 39.60
3/25/04 1,000 39.54
3/25/04 1,000 39.53
3/25/04 3,300 39.50
3/25/04 300 39.513
3/25/04 2,000 39.65
BRT REALTY TRUST
60 Cutter Mill Road, Suite 303
Great Neck, NY 11021
May 17, 2004
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Re: Statement on Schedule 13D/A - Entertainment Properties Trust
Gentlemen:
There is transmitted herewith Amendment No. 14 to Schedule 13D relating to
common shares of beneficial interest of Entertainment Properties Trust. The
Amendment is being sent today to the Company at its principal executive offices
by certified mail.
Very truly yours,
BRT REALTY TRUST
By s/Simeon Brinberg
-----------------
Senior Vice President
Enclosure