UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F-HR
FORM 13F-HR COVER PAGE
Report for the Quarter Ended: March 31, 1999
Check here is Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement
[ ] adds new holdings
entries.
Institutional Investment Manager Filing this report:
Name: Lend Lease Rosen Real Estate Securities LLC
Address: 1995 University Ave., Suite 550
Berkeley, CA 94704
File 13F File Number: 28-7246
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorized to submit it, and all
information contained herein is true, correct and complete, and
that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Michael A. Torres
Title: President
Phone: (510) 849-8360
Signature, Place, and Date of Signing:
Michael A. Torres Berkeley, CA May 12, 1999
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF
1934.
<PAGE>
FORM 13F-HR SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F-HR Information Table Entry Total: 40
Form 13F-HR Information Table Value Total: 671678
List of Other Included Managers:
<PAGE
<TABLE>
FORM 13-HR INFORMATION TABLE
TITLE
OF VALUE SHS OR SH/ PUT/ INVESTMENT OTHER ---VOTING AUTH---
NAME OF ISSUER CLASS CUSIP x$1000 PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHRD NONE
- -------------------------- ----- --------- ------ ------- --- ---- ----------- -------- ------- ---- ----
<S> <C> <C> <C> <C> <C> <C> <C> <C>
AMB Property Corp. COM 00163T109 18867 909277 SH SOLE 909277
Alexandria Real Estate Equitie COM 015271109 22406 847525 SH SOLE 738475 109050
Arden Realty Trust COM 039793104 6292 282800 SH SOLE 277950 4850
AvalonBay Communities, Inc. COM 053484101 46572 1461075 SH SOLE 1248345 212730
Bedford Property Investors, In COM 076446301 21631 1479050 SH SOLE 1222000 257050
Brandywine Realty Trust COM 105368203 17650 1086150 SH SOLE 896050 190100
Camden Property Trust COM 133131102 30023 1213069 SH SOLE 1032006 181063
Catellus Development Corporati COM 149111106 5382 402400 SH SOLE 332700 69700
Cornerstone Properties, Inc. COM 21922H103 23167 1584100 SH SOLE 1369850 214250
Crestline Capital Corporation COM 226153104 2495 162284 SH SOLE 134174 28110
Developers Diversified Realty COM 251591103 16840 1176600 SH SOLE 984000 192600
Duke Realty Investments, Inc. COM 264411505 16155 751400 SH SOLE 625700 125700
Entertainment Properties Trust COM 29380T105 6621 383800 SH SOLE 377050 6750
Equity Office Properties Trust COM 294741103 22392 882463 SH SOLE 589063 293400
Equity Residential Properties COM 29476L107 23099 559984 SH SOLE 457097 102887
Essex Property Trust, Inc. COM 297178105 16659 637650 SH SOLE 532050 105600
Federal Realty Investment Trus COM 313747206 5471 258200 SH SOLE 220100 38100
Gables Residential Trust COM 362418105 5934 270500 SH SOLE 215100 55400
General Growth Properties COM 370021107 10163 313300 SH SOLE 283700 29600
Glenborough Realty Trust COM 37803P105 7815 459700 SH SOLE 378700 81000
Highwoods Properties, Inc. COM 431284108 9887 419600 SH SOLE 335200 84400
Host Marriott Corporation COM 44107P104 19629 1764375 SH SOLE 1462575 301800
Irvine Apartment Communities COM 463606103 26369 802100 SH SOLE 663200 138900
Liberty Property Trust COM 531172104 24004 1156800 SH SOLE 1006300 150500
Macerich Company COM 554382101 32034 1411950 SH SOLE 1217950 194000
Mack-Cali Realty Corporation COM 554489104 33683 1146650 SH SOLE 970650 176000
MediTrust Corporation COM 58501T306 5171 415759 SH SOLE 351493 64266
Patriot American Hospitality COM 703352203 5621 1096799 SH SOLE 937299 159500
Philips International Realty COM 718333107 4391 309500 SH SOLE 253650 55850
Post Properties, Inc. COM 737464107 31005 855300 SH SOLE 730600 124700
Prentiss Property Trust COM 740706106 14688 783363 SH SOLE 783363
Reckson Associates Realty COM 75621K106 22502 1094300 SH SOLE 905600 188700
SL Green Realty Corp COM 78440X101 9002 478500 SH SOLE 403100 75400
Security Capital Group-B COM 81413P204 25544 1909855 SH SOLE 1909855
Simon Property Group, Inc. COM 828806109 20580 750080 SH SOLE 587930 162150
Spieker Properties, Inc. COM 848497103 16388 464900 SH SOLE 384250 80650
Taubman Centers, Inc. COM 876664103 4104 335000 SH SOLE 335000
Trizec Hahn COM 896938107 19433 1054000 SH SOLE 892200 161800
Urban Shopping Centers, Inc. COM 917060105 21551 751250 SH SOLE 626150 125100
Patriot American Hospitality D PFD 703352401 458 19469 SH SOLE 16663 2806
</TABLE>
