SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO.3)*
GMH Communities Trust
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(Name of Issuer)
Common Shares of Beneficial Interest, par value $0.001 per share
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(Title of Class of Securities)
36188G 10 2
(CUSIP Number)
Joseph Macnow
Vornado Realty Trust
888 Seventh Avenue
New York, New York 10019
(212) 894-7000
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
With a copy to:
William G. Farrar
Sullivan & Cromwell LLP
125 Broad Street
New York, New York 10004
(212) 558-4000
May 2, 2006
-----------------------------------------
(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 that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-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 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.
(Continued on following pages)
(Page 1 of 9 Pages)
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act.
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CUSIP NO. 36188G 10 2 13D PAGE 2 OF 9 PAGES
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1 NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
VORNADO REALTY TRUST 22-1657560
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(SEE INSTRUCTIONS) (b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
WC
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
MARYLAND
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7 SOLE VOTING POWER
0
NUMBER OF ------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 9,859,138(1)
OWNED BY ------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON ------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
9,859,138(1)
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,859,138(1)
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) [X]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.18%(2)(3)
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14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO (REAL ESTATE INVESTMENT TRUST)
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(1) Consists of 1,817,247 Common Shares that Vornado Realty L.P. acquired as of
May 2, 2006 pursuant to the automatic net exercise of a Warrant on May 2,
2006, 7,337,857 units of limited partnership interest in GMH Communities,
LP that may be redeemed for an equivalent number of Common Shares, 4,034
restricted Common Shares acquired by grant in connection with Mr.
Fascitelli's service on the Board of Trustees of GMH Communities Trust (the
"Issuer"), which grants were approved by the Compensation Committee of the
Issuer's Board of Trustees, and 700,000 Common Shares acquired on October
4, 2005. Of the 7,337,857 units of limited partnership interest held,
6,666,667 are held by Vornado Realty L.P. and 671,190 are held by Vornado
CCA Gainesville, L.L.C. The 700,000 Common Shares are held by Vornado
Investments L.L.C.
(2) Based upon issuance of 1,817,247 Common Shares as of May 2, 2006 pursuant
to the automatic net exercise of the Warrant on May 2, 2006 and assuming
issuance 7,337,857 Common Shares that may be issued upon redemption of an
equivalent number of units of limited partnership interest in GMH
Communities, LP.
(3) Based upon 39,699,843 Common Shares outstanding on October 31, 2005 as
stated on the cover of the Issuer's Form 10-Q for the quarterly period
ended September 30, 2005.
Page 2 of 9 Pages
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CUSIP NO. 36188G 10 2 13D PAGE 3 OF 9 PAGES
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1 NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
VORNADO REALTY L.P. 13-3925979
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(SEE INSTRUCTIONS) (b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
WC
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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7 SOLE VOTING POWER
NUMBER OF ------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 9,859,138(1)
OWNED BY ------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON ------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
9,859,138(1)
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,859,138(1)
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) [X]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.18%(2)(3)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
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(1) Consists of 1,817,247 Common Shares that Vornado Realty L.P. acquired as of
May 2, 2006 pursuant to the automatic net exercise of a Warrant on May 2,
2006, 7,337,857 units of limited partnership interest in GMH Communities,
LP that may be redeemed for an equivalent number of Common Shares and 4,034
restricted Common Shares acquired by grant in connection with Mr.
Fascitelli's service on the Issuer's Board of Trustees, which grants were
approved by the Compensation Committee of the Issuer's Board of Trustees,
and 700,000 Common Shares acquired on October 4, 2005. Of the 7,337,857
units of limited partnership interest held, 6,666,667 are held by Vornado
Realty L.P. and 671,190 are held by Vornado CCA Gainesville, L.L.C. The
700,000 Common Shares are held by Vornado Investments L.L.C.
(2) Based upon issuance of 1,817,247 Common Shares as of May 2, 2006 upon the
automatic net exercise of the Warrant on May 2, 2006 and 7,337,857 Common
Shares that may be issued upon redemption of an equivalent number of units
of limited partnership interest in GMH Communities, LP.
(3) Based upon 39,699,843 Common Shares outstanding on October 31, 2005 as
stated on the cover of the Issuer's Form 10-Q for the quarterly period
ended September 30, 2005.
Page 3 of 9 Pages
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CUSIP NO. 36188G 10 2 13D PAGE 4 OF 9 PAGES
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1 NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
VORNADO CCA GAINESVILLE, L.L.C. 22-3702578
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(SEE INSTRUCTIONS) (b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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7 SOLE VOTING POWER
671,190
NUMBER OF ------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY ------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 671,190
PERSON ------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
671,190
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) (1) [X]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.66%
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14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO (LIMITED LIABILITY COMPANY)
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(1) As further described under Item 3 of this Schedule 13D, Vornado CCA
Gainesville, L.L.C. currently holds 671,190 units of limited partnership
interest in GMH Communities, LP that became redeemable commencing November
2, 2005, at the option of Vornado CCA Gainesville, L.L.C., for Common
Shares at the rate of one Common Share for each Unit redeemed or, at the
option of the Issuer, cash equal to the fair market value of one Common
Share. Such Common Shares became beneficially owned as of September 3,
2005.
Page 4 of 9 Pages
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CUSIP NO. 36188G 10 2 13D PAGE 5 OF 9 PAGES
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1 NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
VORNADO INVESTMENTS L.L.C. 22-3509199
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(SEE INSTRUCTIONS) (b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
WC
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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7 SOLE VOTING POWER
700,000
NUMBER OF ------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY ------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 700,000
PERSON ------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
700,000
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) (1) [X]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.76%
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14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO (LIMITED LIABILITY COMPANY)
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(1) On October 4, 2005, Vornado Investments L.L.C. acquired 700,000 Common
Shares in a public offering at a purchase price per share of $14.25.
Vornado Investments acquired the Common Shares with working capital.
Page 5 of 9 Pages
Vornado Realty Trust, Vornado Realty L.P., and Vornado CCA Gainesville, L.L.C.
(collectively, the "Reporting Persons") do each hereby amend their Statement on
Schedule 13D filed with respect to the common shares of beneficial interest, par
value $0.001 per share (the "Shares"), of GMH Communities Trust, a real estate
investment trust formed under the laws of the State of Maryland (the "Issuer").
This Amendment No. 3 to Schedule 13D of the Reporting Persons ("Amendment No.
3") amends the Statement on Schedule 13D of the Reporting Persons filed on
November 10, 2004 (the "Initial Schedule 13D"), as amended by Amendment No. 1 to
Schedule 13D of the Reporting Persons filed on August 19, 2005 ("Amendment No.
1"), and as amended by Amendment No. 2 to Schedule 13D of the Reporting Persons
filed on October 12, 2005 ("Amendment No. 2" and as so amended, the "Schedule
13D"). This Amendment No. 3 amends the Schedule 13D only with respect to those
items listed below.
Unless otherwise indicated herein, all capitalized terms used but not
defined herein shall have the meanings ascribed to them in the Initial Schedule
13D.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 3 is hereby amended by adding the following paragraph at the end
thereof:
As of May 2, 2006, the Issuer net settled in Common Shares the Warrant
in accordance with the terms of the Warrant which provided for the automatic net
exercise of the Warrant, resulting in the issuance to Vornado Realty L.P. of
1,817,247 Common Shares.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is hereby amended and restated in its entirety as follows:
(a) and (b). See the rows numbered 7, 8, 9, 10, 11 and 13 on each of
pages 2, 3, 4 and 5 above, which are incorporated herein by reference.
To the best knowledge of the Reporting Persons, except as disclosed
herein, none of the persons listed on Schedule I beneficially own any Common
Shares.
Each Reporting Person hereby disclaims beneficial ownership of any
shares of Common Stock held by any other Reporting Person.
(c) Except as set forth above and as reported in this Amendment No. 3,
no transactions in the Common Shares were effected by the Reporting Persons
during the past 60 days by the Reporting Persons, or, to the best knowledge of
the Reporting Persons, any of the persons listed on Schedule I hereto during the
past 60 days.
(d) No person is known by any Reporting Person to have the right to
receive or the power to direct the receipt of dividends from, or the proceeds
from the sale of, any of the Common Shares that may be deemed to be beneficially
owned by any Reporting Person.
(e) Not applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 1 - Joint Filing Agreement, dated October 6, 2005, between
Vornado Realty Trust, Vornado Realty L.P., Vornado CCA Gainesville,
L.L.C., and Vornado Investments, L.L.C.**
Exhibit 2 - Warrant, dated July 27, 2004, as amended, between Vornado
Realty L.P., GMH Communities Trust and GMH Communities LP (incorporated
by reference to Exhibit 10.1 to the Issuer's Current Report on Form 8-K
filed October 29, 2004 (File No. 001-32290)).*
------------------
* Filed as an Exhibit attached to the Initial Schedule 13D.
** Filed as an Exhibit attached to Amendment No. 2.
Page 6 of 9 Pages
Exhibit 3 - Registration Rights Agreement , dated as of July 27, 2004
by and among GMH Communities Trust, GMH Communities LP, GMH Communities
GP, LLC, Gary M. Holloway, and Vornado Realty L.P.*
Exhibit 4 - Amendment, dated as of November 2, 2004, to Registration
Rights Agreement, dated as of July 27, 2004 by and among GMH
Communities Trust, GMH Communities LP, GMH Communities GP, LLC, Gary M.
Holloway, and Vornado Realty L.P.*
Exhibit 5 - Letter Agreement, dated October 25, 2004, among Vornado
Realty L.P., GMH Communities Trust, GMH Communities GP Trust, and GMH
Communities LP.*
Exhibit 6 - Amendment, dated as of September 27, 2005, to Registration
Rights Agreement, dated as of July 27, 2004 by and among GMH
Communities Trust, GMH Communities LP, GMH Communities GP, LLC, Gary M.
Holloway, and Vornado Realty L.P. (incorporated by reference to Exhibit
10.24 to Amendment No. 2 to the Issuer's Registration Statement on Form
S-11 (file no. 333-128081), filed on September 28, 2005).
Page 7 of 9 Pages
SIGNATURES
After reasonable inquiry and to the best knowledge and belief of each
Reporting Person, each Reporting Person certifies that the information set forth
in this statement is true, complete and correct.
Date: May 4, 2006
VORNADO REALTY TRUST
By: /s/ JOSEPH MACNOW
Name: Joseph Macnow
Title: Executive Vice President-
Finance and Administration,
Chief Financial Officer
VORNADO REALTY L.P.
By: Vornado Realty Trust,
Its general partner
By: /s/ JOSEPH MACNOW
Name: Joseph Macnow
Title: Executive Vice President-
Finance and Administration,
Chief Financial Officer
VORNADO CCA
GAINESVILLE, L.L.C.
By: Vornado Realty L.P.,
Its sole member
By: Vornado Realty Trust,
Its general partner
By: /s/ JOSEPH MACNOW
Name: Joseph Macnow
Title: Executive Vice President-
Finance and Administration,
Chief Financial Officer
Page 8 of 9 Pages
VORNADO INVESTMENTS L.L.C.
By: Vornado Realty L.P.,
Its sole member
By: Vornado Realty Trust,
Its general partner
By: /s/ JOSEPH MACNOW
Name: Joseph Macnow
Title: Executive Vice President-
Finance and Administration,
Chief Financial Officer
Page 9 of 9 Pages