SC 13G/A: Schedule filed to report acquisition of beneficial ownership of 5% or more of a class of equity securities by passive investors and certain institutions
Published on February 10, 2000
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 5)
AvalonBay Communities, Inc.
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(NAME OF ISSUER)
Common Stock
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(TITLE OF CLASS OF SECURITIES)
053484101
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(CUSIP NUMBER)
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CHECK THE APPROPRIATE BOX TO DESIGNATE THE RULE PURSUANT TO WHICH THIS SCHEDULE
IS FILED:
|X| RULE 13d-1(b)
RULE 13d-1(c)
RULE 13d-1(d)
PAGE 1 OF 8 PAGES
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 053484101 SCHEDULE 13G PAGE 4 OF 8 PAGES
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ITEM 1.
(a) Name of Issuer
AvonlonBay Communities, Inc.
(b) Address of Issuer's Principal Executive Offices
2900 Eisenhower Ave, Third Floor
Alexandria, VA 22314
ITEM 2.
LaSalle Investment Management, Inc. provides the following information:
(a) Name of Person Filing
LaSalle Investment Management, Inc.
(b) Address of Principal Business Office or, if none, Residence
200 East Randolph Drive
Chicago, Illinois 60601
(c) Citizenship
Maryland
(d) Title of Class of Securities
Common Stock, $.01 par value per share
(e) CUSIP Number
411465107
LaSalle Investment Management (Securities), L.P. provides the following
information:
(a) Name of Person Filing
LaSalle Investment Management (Securities), L.P.
(b) Address of Principal Business Office or, if none, Residence
200 East Randolph Drive
Chicago, Illinois 60601
(c) Citizenship
Maryland
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CUSIP NO. 053484101 SCHEDULE 13G PAGE 5 OF 8 PAGES
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(d) Title of Class of Securities
Common Stock, $.01 par value per share
(e) CUSIP Number
94856P102
ITEM 3.* IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR
13d-2(b), CHECK WHETHER THE PERSON FILING IS A:
* This response is provided on behalf of LaSalle Investment Management,
Inc. and LaSalle Investment Management (Securities), L.P., each an investment
adviser under Section 203 of the Investment Advisers Act of 1940.
ITEM 4. OWNERSHIP
If the percent of the class owned, as of December 31 of the year covered
by the statement, or as of the last day of any month described in Rule
13d-1(b)(2), if applicable, exceeds five percent, provide the following
information as of that date and identify those shares which there is a right to
acquire.
LaSalle Investment Management, Inc. provides the following information:
(a) Amount Beneficially Owned
1,083,344
(b) Percent of Class
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CUSIP NO. 053484101 SCHEDULE 13G PAGE 6 OF 8 PAGES
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1.7%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
174,062
(ii) shared power to vote or to direct the vote
295,858
(iii) sole power to dispose or to direct the disposition of
174,062
(iv) shared power to dispose or to direct the disposition of
909,282
LaSalle Investment Management (Securities), L.P. provides the following
information:
(a) Amount Beneficially Owned
4,017,182
(b) Percent of Class
6.1%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
310,686
(ii) shared power to vote or to direct the vote
3,550,507
(iii) sole power to dispose or to direct the disposition of
252,392
(iv) shared power to dispose or to direct the disposition of
3,764,790
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CUSIP NO. 053484101 SCHEDULE 13G PAGE 7 OF 8 PAGES
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ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [_].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
The two members of the Group are: LaSalle Investment
Management, Inc. ("LaSalle") and LaSalle Investment Management (Securities),
L.P. ("LIMS").
LIMS is a Maryland limited partnership, the limited partner of
which is LaSalle and the general partner of which is LaSalle Investment
Management (Securities), Inc., a Maryland corporation, the sole stockholder of
which is LaSalle. LaSalle and LIMS, each registered investment advisers, have
different advisory clients.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable.
ITEM 10. CERTIFICATION
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.
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CUSIP NO. 053484101 SCHEDULE 13G PAGE 8 OF 8 PAGES
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Statement is true, complete and
correct.
The parties agree that this statement is filed on behalf of each of
them.
Dated: February 9, 2000
LASALLE INVESTMENT
MANAGEMENT, INC.
By:/s/ Denise R. Organt
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Name: Denise R. Organt
Title: Vice President
LASALLE INVESTMENT
MANAGEMENT
(SECURITIES), L.P.
By:/s/ Denise R. Organt
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Name: Denise R. Organt
Title: Vice President