Otto Alexander Files SC 13D for Curbline Properties Corp.

TL;DR

**Otto Alexander just dropped a 13D on Curbline Properties Corp. Big move incoming?**

AI Summary

Otto Alexander, through KG Cura Vermogensverwaltung G.M.B.H., has filed a Schedule 13D on October 8, 2024, indicating a significant stake in Curbline Properties Corp. The filing details the acquisition of common stock, with the date of the event requiring this filing being October 1, 2024. The filing was made by Otto Alexander, with legal representation from Alston & Bird LLP.

Why It Matters

This filing signals a substantial investment or change in control interest by Otto Alexander in Curbline Properties Corp., which could impact the company's stock price and strategic direction.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate a significant shift in beneficial ownership, which can lead to increased volatility and potential strategic changes for the company.

Key Numbers

• 20241008 — Filing Date (Date the SC 13D was officially filed with the SEC.)
• 20241001 — Event Date (Date of the event that triggered the requirement for this Schedule 13D filing.)

Key Players & Entities

• Otto Alexander (person) — Filing person
• Curbline Properties Corp. (company) — Subject company
• KG Cura Vermogensverwaltung G.M.B.H. (company) — Associated entity for Otto Alexander's filing
• Alston & Bird LLP (company) — Legal counsel for the filing person

FAQ

Key Financial Figures

• $0.01 — me of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securiti

Filing Documents

• d843320dsc13d.htm (SC 13D) — 40KB
• 0001193125-24-234466.txt ( ) — 41KB

From the Filing

SC 13D 1 d843320dsc13d.htm SC 13D SC 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. )* Curbline Properties Corp. (Name of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securities) 23128Q101 (CUSIP Number) Julie A. Mediamolle Alston & Bird LLP 950 F Street, N.W. Washington, DC 20004-1404 202-239-3702 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) October 1, 2024 (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 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. * The remainder of this cover page shall be filled out for a reporting persons 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 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 (however, see the Notes). CUSIP No. 23128Q101 SCHEDULE 13D Page 2 of 7 Pages 1 NAME OF REPORTING PERSONS Alexander Otto 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a)(b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (See Instructions) WC, 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 Germany NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 7,933,336 8 SHARED VOTING POWER 0 9 SOLE DISPOSITIVE POWER 7,933,336 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,933,336 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.6%* 14 TYPE OF REPORTING PERSON (See Instructions) IN * Based on 104,860,322 shares of the Issuers common stock outstanding as of October 1, 2024 as reported by the Issuer in the Form 8-K filed with the Securities and Exchange Commission on October 1, 2024. CUSIP No. 23128Q101 SCHEDULE 13D Page 3 of 7 Pages Item1. Security and Issuer. This statement on Schedule 13D (this Statement) relates to the common stock of Curbline Properties Corp., par value $0.01 per share (the Common Stock), a Maryland corporation (the Issuer). The principal executive offices of the Issuer are located at 320 Park Avenue, New York City, New York 10022. Item2. Identity and Background. This Schedule 13D is filed by Alexander Otto (the Reporting Person). Mr. Otto is part-owner and Chairman of ECE Group GmbH Co. KG, or ECE, a commercial real estate company based in Hamburg, Germany that manages assets in Europe, since 2000. He is primarily engaged in the business of managing real estate investment business and properties. The address of the principal place of business of Mr. Otto is ECE Group GmbH & Co. KG (ECE), Heegbarg 30, 22391 Hamburg, Germany. The Reporting Person has not, during the past five years, (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting, or mandating activities subject to, federal or state securities laws or a finding of any violation with respect to such laws. Item3. Source and Amount of Funds or Other Consideration. The Reporting Person is a shareholder of SITE Centers Corp., an Ohio corporation (SITC). On October 1, 2024, SITC made a pro rata distribution of the Common Stock to SITC shareholders of record on September 23, 2024, the record date of the distribution (the Spin-off Distribution). As part of the Spin-off Distribution, the Reporting Person received two shares of Common Stock for every one common share of SITC he held. Item4. Purpose of Transaction. The Reporting Person acquired the Common Stock in his capacity as a shareholder of SITC pursuant to the Spin-Off Distribution and intends to hold such shares for investment purposes, subject to the following: The information in Item 6 of this Schedule 13D is incorporated herein by reference. The Reporting Person intends to review on a continuing basis the investments in the Issuer by the Reporting Person. The Reporting Person may communicate with the board of directors of t

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