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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 12/31/99
--------------
Check here if Amendment [ ]; Amendment Number:
--------------
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings
entries.
Institutional Investment Manager Filing this Report:
Name: Heitman/ PRA Securities Advisors LLC
---------------------------------------------
Address: 180 North LaSalle Street, Suite 3600
---------------------------------------------
Chicago, IL 60601-2886
---------------------------------------------
---------------------------------------------
Form 13F File Number: 28-04321
-----------------
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, that 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: Nancy B. Lynn
---------------------------------------------
Title: Vice President
---------------------------------------------
Phone: (312) 849-4153
---------------------------------------------
Signature, Place, and Date of Signing:
/s/Nancy B. Lynn Chicago, IL 2/10/00
------------------------ ----------------------------- --------------
[Signature] [City, State] [Date]
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this
reporting manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this
report, and all holdings are reported by other reporting
manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the
holdings for this reporting manager are reported in this
report and a portion are reported by other reporting
manager(s).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
28-
------------------ ------------------------
[Repeat as necessary.]
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
-------------------
Form 13F Information Table Entry Total: 54
-------------------
Form 13F Information Table Value Total: $539,031
-------------------
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file
number(s) of all institutional investment managers with respect
to which this report is filed, other than the manager filing this
report.
[If there are no entries in this list, state "NONE" and omit the
column headings and list entries.] NONE
No. Form 13F File Number Name
28-
---- --------------------- ----------------------
[Repeat as necessary.]
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------------------------------------------------------------------------------------------------------------------
NAME OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
ISSUER CLASS CISIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
FORM 13F
<CAPTION>
----------------------------
(SEC USE ONLY)
Page 1 of 5 Name of Reporting Manager: Heitman/PRA Securities Advisors LLC
-----------------------------------
- -------------------------------------------------------------------------------------------------------------------------------
Item 6:
Investment Discretion
Item 5: -----------------------------------
Item 3: Item 4: Shares of (b) Shared- (c)
Item 1: Item 2: CUSIP Fair Market Principal As Defined Shared
Name of Issuer Title of Class Number Value Amount (a) Sole in Instr. V Other
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Amli Residential common shares 001735109 $ 1,851 91,700 91,700
Properties, Inc. beneficial
interest
- ---------------------------------------------------------------------------------------------------------------------------
Apartment Investment & Common Stock 03748R101 $ 24,584 617,489 617,489
Management Company
- ---------------------------------------------------------------------------------------------------------------------------
Archstone Communities Trust Common Stock 039581103 $ 22,852 1,114,745 1,114,745
- ---------------------------------------------------------------------------------------------------------------------------
Arden Realty Common Stock 039793104 $ 17,359 865,229 865,229
- ---------------------------------------------------------------------------------------------------------------------------
AMB Property Corp. Common Stock 00163T109 $ 7,463 374,310 374,310
- ---------------------------------------------------------------------------------------------------------------------------
Avalonbay Communities, Inc. Common Stock 053484101 $ 570 16,600 16,600
- ---------------------------------------------------------------------------------------------------------------------------
Bedford Property Common Stock 076446301 $ 17,271 1,012,208 1,012,208
Investor
- ---------------------------------------------------------------------------------------------------------------------------
Cadillac Fairview Corp. common shares 126929207 $ 8,552 371,808 371,808
beneficial
interest
- ---------------------------------------------------------------------------------------------------------------------------
CenterPoint Properties Trust Common Stock 151895109 $ 7,344 204,716 204,716
- ---------------------------------------------------------------------------------------------------------------------------
Center Trust Inc. Common Stock 151845104 $ 9,962 1,028,302 1,028,302
- ---------------------------------------------------------------------------------------------------------------------------
Chelsea GCA Realty, Inc. Common Stock 163262108 $ 15,992 537,528 537,528
- ---------------------------------------------------------------------------------------------------------------------------
Developers Diversified Common Stock 251591103 $ 10,649 827,098 827,098
Realty Corp.
- ---------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS Subtotal $144,449
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
Name of Reporting Manager: Heitman/PRA Securities Advisors LLC
-----------------------------------
- ----------------------------------------------------------------------------------
Item 8:
Item 7: Voting Authority (Shares)
Item 1: Managers -----------------------------------
Name of Issuer See Instr. V (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Amli Residential 91,700
Properties, Inc.
- ----------------------------------------------------------------------------------
Apartment Investment & 614,526 2,963
Management Company
- ----------------------------------------------------------------------------------
Archstone Communities Trust 1,109,593 5,152
- ----------------------------------------------------------------------------------
Arden Realty 860,399 4,830
- ----------------------------------------------------------------------------------
AMB Property Corp. 371,537 2,773
- ----------------------------------------------------------------------------------
Avalonbay Communities, Inc. 16,600
- ----------------------------------------------------------------------------------
Bedford Property 1,006,797 5,411
Investor
- ----------------------------------------------------------------------------------
Cadillac Fairview Corp. 368,328 3,480
- ----------------------------------------------------------------------------------
CenterPoint Properties Trust 203,237 1,479
- ----------------------------------------------------------------------------------
Center Trust Inc. 1,024,628 3,674
- ----------------------------------------------------------------------------------
Chelsea GCA Realty, Inc. 534,324 3,204
- ----------------------------------------------------------------------------------
Developers Diversified 822,590 4,508
Realty Corp.
- ----------------------------------------------------------------------------------
COLUMN TOTALS
- ----------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
----------------------------
(SEC USE ONLY)
Page 2 of 5 Name of Reporting Manager: Heitman/PRA Securities Advisors LLC
-----------------------------------
- -------------------------------------------------------------------------------------------------------------------------------
Item 6:
Investment Discretion
Item 5: -----------------------------------
Item 3: Item 4: Shares of (b) Shared- (c)
Item 1: Item 2: CUSIP Fair Market Principal As Defined Shared
Name of Issuer Title of Class Number Value Amount (a) Sole in Instr. V Other
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Duke-Weeks Realty Corporation Common Stock 264411505 $ 21,357 1,095,214 1,095,214
- ---------------------------------------------------------------------------------------------------------------------------
EastGroup Properties Common Stock 277276101 $ 11,746 634,932 634,932
- ---------------------------------------------------------------------------------------------------------------------------
Equity Office Properties common shares 294741103 $ 36,228 1,471,194 1,471,194
beneficial
interest
- ---------------------------------------------------------------------------------------------------------------------------
Equity Residential Properties common shares 29476L107 $ 37,306 873,923 873,923
Trust beneficial
interest
- ---------------------------------------------------------------------------------------------------------------------------
Essex Property Trust, Common Stock 297178105 $ 25,524 750,703 750,703
Inc.
- ---------------------------------------------------------------------------------------------------------------------------
Excel Legacy Corp. Common Stock 300665106 $ 8,620 2,602,288 2,602,288
- ---------------------------------------------------------------------------------------------------------------------------
Franchise Finance Corp of Common Stock 351807102 $ 15,637 653,257 653,257
America
- ---------------------------------------------------------------------------------------------------------------------------
General Growth Properties, Inc. Common Stock 370021107 $ 3,944 140,871 140,871
- ---------------------------------------------------------------------------------------------------------------------------
Highwoods Properties, Inc. Common Stock 431284108 $ 474 20,394 20,394
- ---------------------------------------------------------------------------------------------------------------------------
Home Properties of New York Common Stock 437306103 $ 10,436 380,342 380,342
- ---------------------------------------------------------------------------------------------------------------------------
Kilroy Realty Common Stock 49427F108 $ 26,733 1,215,121 1,215,121
- ---------------------------------------------------------------------------------------------------------------------------
Kimco Realty Corporation Common Stock 49446R109 $ 13,411 395,890 395,890
- ---------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS Subtotal $211,416
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
Name of Reporting Manager: Heitman/PRA Securities Advisors LLC
-----------------------------------
- ----------------------------------------------------------------------------------
Item 8:
Item 7: Voting Authority (Shares)
Item 1: Managers -----------------------------------
Name of Issuer See Instr. V (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Duke-Weeks Realty Corporation 1,089,207 6,007
- ----------------------------------------------------------------------------------
EastGroup Properties 631,438 3,494
- ----------------------------------------------------------------------------------
Equity Office Properties 1,462,858 8,336
- ----------------------------------------------------------------------------------
Equity Residential Properties 869,530 4,393
- ----------------------------------------------------------------------------------
Essex Property Trust, 746,166 4,537
Inc.
- ----------------------------------------------------------------------------------
Excel Legacy Corp. 2,592,189 10,099
- ----------------------------------------------------------------------------------
Franchise Finance Corp of 649,417 3,840
America
- ----------------------------------------------------------------------------------
General Growth Properties, Inc. 139,660 1,211
- ----------------------------------------------------------------------------------
Highwoods Properties, Inc. 20,394
- ----------------------------------------------------------------------------------
Home Properties of New York 377,103 3,239
- ----------------------------------------------------------------------------------
Kilroy Realty 1,208,319 6,802
- ----------------------------------------------------------------------------------
Kimco Realty Corporation 393,630 2,260
- ----------------------------------------------------------------------------------
COLUMN TOTALS
- ----------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
----------------------------
(SEC USE ONLY)
Page 3 of 5 Name of Reporting Manager: Heitman/PRA Securities Advisors LLC
-----------------------------------
- -------------------------------------------------------------------------------------------------------------------------------
Item 6:
Investment Discretion
/4/ Item 5: -----------------------------------
Item 3: Item 4: Shares of (b) Shared- (c)
Item 1: Item 2: CUSIP Fair Market Principal As Defined Shared
Name of Issuer Title of Class Number Value Amount (a) Sole in Instr. V Other
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Mack-Cali Realty Corp. Common Stock 554489104 $ 24,378 935,367 935,367
- ---------------------------------------------------------------------------------------------------------------------------
Manufactured Home
Communities, Inc. Common Stock 56468210 $ 5,409 222,482 222,482
- ---------------------------------------------------------------------------------------------------------------------------
Pacific Gulf Properties, Inc. Common Stock 694396102 $ 1,823 90,000 90,000
- ---------------------------------------------------------------------------------------------------------------------------
Pan Pacific Realty Common Stock 69806L104 $ 1,341 82,181 82,181
- ---------------------------------------------------------------------------------------------------------------------------
Parkway Properties Inc. Common Stock 70159Q104 $ 10,087 350,078 350,078
- ---------------------------------------------------------------------------------------------------------------------------
Philips International Realty Common Stock 718333107 $ 16,199 985,467 985,467
- ---------------------------------------------------------------------------------------------------------------------------
Prentiss Properties Trust Common shares 740706106 $ 8,858 421,789 421,789
beneficial
interest
- ---------------------------------------------------------------------------------------------------------------------------
Prologis Trust Common Stock 743410102 $ 24,699 1,283,058 1,283,058
- ---------------------------------------------------------------------------------------------------------------------------
Public Storage, Inc. Common Stock 74460D109 $ 18,555 817,862 817,862
- ---------------------------------------------------------------------------------------------------------------------------
PS Business Parks Inc./CA Common Stock 69360J107 $ 5,750 252,764 252,764
- ---------------------------------------------------------------------------------------------------------------------------
Reckson Associates Realty Common Stock 75621K304 $ 32,932 1,447,577 1,447,577
- ---------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS Subtotal $150,031
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
Name of Reporting Manager: Heitman/PRA Securities Advisors LLC
-----------------------------------
- ----------------------------------------------------------------------------------
/5/ Item 8:
Item 7: Voting Authority (Shares)
Item 1: Managers -----------------------------------
Name of Issuer See Instr. V (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Mack-Cali Realty Corp. 929,770 5,597
- ----------------------------------------------------------------------------------
Manufactured Home 220,788 1,694
Communities, Inc.
- ----------------------------------------------------------------------------------
Pacific Gulf
Properties, Inc. 90,000 90,000
- ----------------------------------------------------------------------------------
Pan Pacific Realty 82,181
- ----------------------------------------------------------------------------------
Parkway Properties Inc. 347,507 2,571
- ----------------------------------------------------------------------------------
Philips International Realty 979,470 5,997
- ----------------------------------------------------------------------------------
Prentiss Properties Trust 418,940 2,849
- ----------------------------------------------------------------------------------
Prologis Trust 1,275,437 7,621
- ----------------------------------------------------------------------------------
Public Storage, Inc. 813,304 4,558
- ----------------------------------------------------------------------------------
PS Business Parks Inc./CA 250,870 1,894
- ----------------------------------------------------------------------------------
Reckson Associates Realty 1,438,580 8,997
- ----------------------------------------------------------------------------------
COLUMN TOTALS
- ----------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
----------------------------
(SEC USE ONLY)
Page 4 of 5 Name of Reporting Manager: Heitman/PRA Securities Advisors LLC
-----------------------------------
- -------------------------------------------------------------------------------------------------------------------------------
Item 6:
Investment
Discretion
Item 5: --------------------------------------
Item 3: Item 4: Shares of (b) Shared- (c)
Item 1: Item 2: CUSIP Fair Market Principal As Defined Shared
Name of Issuer Title of Class Number Value Amount (a) Sole in Instr. V Other
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Regency Realty Corp. Common Stock 758939102 $ 9,139 456,968 456,968
- -------------------------------------------------------------------------------------------------------------------------------
Security Capital Group, Inc. Common Stock 81413P204 $ 23,689 1,895,109 1,895,109
- -------------------------------------------------------------------------------------------------------------------------------
Spieker Properties, Inc. Common Stock 848497103 $ 4,415 121,168 121,168
- -------------------------------------------------------------------------------------------------------------------------------
Sovran Self Storage, Inc. Common Stock 84610H108 $ 5,069 267,651 267,651
- -------------------------------------------------------------------------------------------------------------------------------
Storage USA., Inc. Common Stock 861907103 $ 684 22,600 22,600
- -------------------------------------------------------------------------------------------------------------------------------
Sun Communities, Inc. Common Stock 86667410 $ 5,138 159,627 159,627
- -------------------------------------------------------------------------------------------------------------------------------
Taubman Centers, Inc. Common Stock 87666410 $ 3,176 295,428 295,428
- -------------------------------------------------------------------------------------------------------------------------------
Trizec Hahn Corporation Common Stock 896938107 $ 26,260 1,556,148 1,556,148
- -------------------------------------------------------------------------------------------------------------------------------
US Restaurant Properties Common Stock 902971100 $ 5,357 374,313 374,313
- -------------------------------------------------------------------------------------------------------------------------------
Vornado Realty Trust Common Stock 929042109 $ 3,516 108,176 108,176
- -------------------------------------------------------------------------------------------------------------------------------
Walden Residential Properties Common Stock 931210108 $ 14,055 649,925 649,925
- -------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS Subtotal $100,498
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
Name of Reporting Manager: Heitman/PRA Securities Advisors LLC
-----------------------------------
- ----------------------------------------------------------------------------------
Item 8:
Item 7: Voting Authority (Shares)
Item 1: Managers -----------------------------------
Name of Issuer See Instr. V (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Regency Realty Corp. 456,968
- ----------------------------------------------------------------------------------
Security Capital Group, Inc. 1,883,069 12,040
- ----------------------------------------------------------------------------------
Spieker Properties, Inc. 121,168
- ----------------------------------------------------------------------------------
Sovran Self Storage, Inc. 267,651
- ----------------------------------------------------------------------------------
Storage USA., Inc. 22,600
- ----------------------------------------------------------------------------------
Sun Communities, Inc. 158,463 1,164
- ----------------------------------------------------------------------------------
Taubman Centers, Inc. 292,040 3,388
- ----------------------------------------------------------------------------------
Trizec Hahn Corporation 1,547,921 8,227
- ----------------------------------------------------------------------------------
US Restaurant Properties 372,094 2,219
- ----------------------------------------------------------------------------------
Vornado Realty Trust 108,176
- ----------------------------------------------------------------------------------
Walden Residential Properties 646,254 3,671
- ----------------------------------------------------------------------------------
COLUMN TOTALS
- ----------------------------------------------------------------------------------
</TABLE>
<PAGE>
FORM 13F
Name of Reporting Manager: Heitman/PRA Securities Advisors LLC
-----------------------------------
(SEC USE ONLY)
Page 5 of 5
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
Item 6:
/4/ Investment Discretion
Item 4: Item 5: -----------------------------------
Item 3: Fair Shares of (b) Shared- (c)
Item 1: Item 2: CUSIP Market Principal As Defined Shared-
Name of Issuer Title of Class Number Value Amount (a) Sole in Instr. V Other
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Apartment Investment & Cumulative
Mgmt Co. Series C Preferred Stock 03748R200 $ 179 10,500 10,500
- ----------------------------------------------------------------------------------------------------------------------------------
Carr America 8.57% Series B Cumulative
Redeemable
Preferred stock 144418209 $ 1,237 76,700 76,700
- ----------------------------------------------------------------------------------------------------------------------------------
Equity Residential Cumulative
Properties 7.625% Series L Redeemable
Preferred stock 29476L792 $ 1,163 61,600 61,600
- ----------------------------------------------------------------------------------------------------------------------------------
Health Care Property Cumulative
7.875% Series A Redeemable
Preferred 421915307 $ 1,003 64,700 64,700
- ----------------------------------------------------------------------------------------------------------------------------------
Prologis Trust 8.54% Series C Cumulative
preferred shares
of beneficial
interest 743410409 $ 1,948 51,770 51,770
- ----------------------------------------------------------------------------------------------------------------------------------
Prologis Trust 7.92% Series D Cumulative
preferred shares
of beneficial
interest 743410508 $ 2,907 159,300 159,300
- ----------------------------------------------------------------------------------------------------------------------------------
Taubman Centers, Inc. Cumulative
8.3% Series A Redeemable
Preferred stock 876664202 $ 5,859 387,400 387,400
- ----------------------------------------------------------------------------------------------------------------------------------
Vornado Realty Trust Convertible
6.5% Series A Preferred shares
of beneficial
interest 929042208 $ 18,839 404,060 404,060
- ----------------------------------------------------------------------------------------------------------------------------------
Subtotal $ 33,135
- ----------------------------------------------------------------------------------------------------------------------------------
Total of $539,031
COLUMN TOTALS pages 1-5
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------
/5/ Item 8:
Voting Authority (Shares)
Item 7: -------------------------------
Item 1: Managers (b)
Name of Issuer See Instr. V (a) Sole Shared (c) None
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Apartment Investment &
Mgmt Co. Series C 10,500
- --------------------------------------------------------------------------------
Carr America 8.57% Series B 76,700
- --------------------------------------------------------------------------------
Equity Residential
Properties 7.625% Series L 61,600
- --------------------------------------------------------------------------------
Health Care Property
7.875% Series A 64,700
- --------------------------------------------------------------------------------
Prologis Trust 8.54% Series C 51,770
- --------------------------------------------------------------------------------
Prologis Trust 7.92% Series D 159,300
- --------------------------------------------------------------------------------
Taubman Centers, Inc.
8.3% Series A 387,400
- --------------------------------------------------------------------------------
Vornado Realty Trust
6.5% Series A 401,147 2,913
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
COLUMN TOTALS
- --------------------------------------------------------------------------------
</TABLE>
