================================================================================
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