UNITED STATES
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 14, 2011
EXCELSIOR LASALLE PROPERTY FUND,
INC.
(Exact name of registrant as
specified in its charter)
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Maryland |
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000-51948 |
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20-1432284 |
(State or other Jurisdiction of Incorporation) |
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(Commission File Number) |
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(IRS Employer Identification No.) |
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225 High Ridge
Road,
Stamford, CT,
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06905-3039 |
(Address of Principal Executive Offices) |
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(Zip Code) |
Registrant’s telephone number,
including area code: (203) 352-4400
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N/A
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(Former name or former address if changed since last report.) |
Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions:
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
1
Item 7.01. Regulation FD Disclosure.
On September 14, 2011, the board of directors (the Board) of Excelsior LaSalle Property
Fund, Inc. (the Fund) declared a cash dividend in the amount of $0.55 per share to holders of the
Funds class A common stock of record as of September 30, 2011. The dividend is payable on
November 7, 2011. Any future dividends will be made at the discretion of the Board and will depend
on the Funds earnings, financial condition, maintenance of its REIT status and such other factors
as the Board may deem relevant from time to time.
Cautionary Note Regarding Forward-Looking Statements
This report may contain forward-looking statements, regarding, among other things, the Funds
payment of a dividend in the future. Forward-looking statements include, but are not limited to,
statements that represent the Funds beliefs concerning future dividends, operations, strategies,
financial results or other developments. Forward-looking statements can be identified by the use of
forward-looking terminology such as, but not limited to, may, should, expect, anticipate,
estimate, would be, believe, or continue or the negative or other variations of comparable
terminology. Because these forward-looking statements are based on estimates and assumptions that
are subject to significant business, economic and competitive uncertainties, many of which are
beyond the Funds control or are subject to change, actual results could be materially different.
Although the Fund believes that its plans, intentions and expectations reflected in or suggested by
these forward-looking statements are reasonable, it cannot guarantee that it will achieve or
realize these plans, intentions or expectations. Factors that could cause the Fund not to realize
its plans, intentions or expectations include, but are not limited to, those discussed under the
headings Managements Discussion and Analysis of Financial Condition and Results of Operations
and Risk Factors contained in the Funds Annual Report on Form 10-K for the year ended December
31, 2010 and the Funds Quarterly Reports on Form 10-Q filed with the SEC, including risks related
to: (i) the current global financial crisis; (ii) risks related to student-oriented apartment
communities; (iii) commercial real estate ownership; (iv) competition for attractive investments;
(v) performance of the Funds Manager and the Funds Advisor; (vi) the Funds ability to use
leverage; (viii) the loss of key personnel by the Funds Manager or the Funds Advisor; (vii)
compliance with the Securities Exchange Act of 1934, as amended; (ix) the Funds failure to achieve
its return objectives; (x) the impact of co-tenancy provisions; (xi) defaults by significant
tenants; (xii) compliance with environmental laws; (xiii) the possible development of harmful mold
at the Funds properties; (xiv) the Funds ability to sell Shares and the illiquidity of its
Shares; (xv) terrorist attacks; (xvi) the adequacy of the Funds insurance; (xvii) the extent to
which the Funds investments are diversified; (xviii) the Funds joint investments with third
parties; (xix) the structure of the fees payable to the Funds Manager and the Funds Advisor; (xx)
the Funds qualification as a venture capital operating company under ERISA; (xxi) the Funds
ability to remain exempt from the registration requirements of the Investment Company Act; (xxii)
ownership limitations in the Funds charter; (xxiii) the Funds ability to pay dividends; and
(xxiv) the Funds ability to qualify as a REIT. Readers are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of the date this Form 8-K. Except as
required by law, the Fund does not undertake any obligation to update or revise any forward-looking
statements contained in this Form 8-K.