SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): September 9, 2002
KEYSTONE PROPERTY TRUST
(Exact Name of Registrant as Specified in its Declaration of Trust)
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Maryland 1-12514 84-1246585
(State or Other (Commission (IRS Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
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200 Four Falls Corporate Center, Suite 208
West Conshohocken, PA 19428
(Address of Principal Executive Offices)(Zip Code)
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Registrant's telephone number, including area code:
(484) 530-1800
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ITEM 5. OTHER EVENTS.
On September 9, 2002, Keystone Property Trust (the "Company") announced
that it executed a stock purchase and sale agreement by and between the
Company and AEW Targeted Securities Fund, L.P. (the "Seller"). The
Company used a portion of the proceeds from its concurrent sales of 2.0
million common shares in the aggregate to repurchase 800,000 Series A
Convertible Preferred Shares and 200,000 Series C Convertible Preferred
Shares from the Seller. The Company will use the remaining proceeds to
redeem 300,000 Series B Convertible Preferred Units of its operating
partnership, Keystone Operating Partnership, L.P. The redemption of the
Series B Convertible Preferred Units is scheduled to close on September
20, 2002.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBIT
(a) FINANCIAL STATEMENTS OF BUSINESSES ACQUIRED
None.
(b) PRO FORMA FINANCIAL INFORMATION
None.
(c) EXHIBIT
99.1 Purchase and Sale Agreement, dated as of September 9, 2002, by
and between Keystone Property Trust, a Maryland real estate
investment trust and AEW Targeted Securities Fund, L.P., a
Delaware limited partnership.
99.2 Press Release dated September 9, 2002.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned.
KEYSTONE PROPERTY TRUST
Date: September 10, 2002 By: /S/ JEFFREY E. KELTER
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Jeffrey E. Kelter
President and Chief
Executive Officer
Date: September 10, 2002 By: /S/ TIMOTHY E. MCKENNA
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Timothy E. McKenna
Senior Vice President and
Chief Financial Officer
Date: September 10, 2002 By: /S/ J. PETER LLOYD
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J. Peter Lloyd
Vice President, Corporate
Controller
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