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SEC Schedule 13-F Filing
For Period Ending: 12/31/99
Sole Shared
Security Combined Market Voting Voting No Voting
Issuer (1) Type (2) CUSIP (3) Shares (5) Value (4) Discretion Discretion Discretion
AMB PROPERTY Common Stock 00163T109 "331,411" "6,607,507" "197,160" "39,911" 0
AMERICAN INDUSTRIAL Common Stock 026791103 "1,504,202" "18,614,505" "1,023,471" "480,731" 0
AMLI RESIDENTIAL Common Stock 001735109 "150,200" "3,032,163" "150,200" 0 0
APT INV & MGMNT Common Stock 03748R101 "3,440,018" "136,955,717" "1,177,160" "2,050,146" "34,200"
ARCHSTONE Common Stock 039581103 "162,834" "3,338,097" "95,350" "67,484" 0
ARDEN REALTY Common Stock 039793104 "111,400" "2,234,963" "111,400" 0 0
AVALONBAY COMMUNITIES Common Stock 053484101 "5,098,254" "176,527,045" "1,389,653" "3,194,940" "72,403"
BEACON CAP PARTNERS Common Stock 073561102 "738,500" "13,352,750" "651,000" "50,000" "37,500"
BOSTON PROPERTIES Common Stock 101121101 "1,871,200" "58,241,100" "738,592" "990,800" "36,100"
BRADLEY Common Stock 104580105 "1,315,100" "22,932,056" "132,200" "1,182,900" 0
BRANDYWINE REALTY Common Stock 105368203 "739,870" "12,115,371" "467,700" "264,200" "7,970"
CAMDEN PROPERTY Common Stock 133131102 "2,891,992" "80,252,778" "652,036" "1,997,807" "42,105"
CAPITAL TRUST Common Stock 140920109 "679,360" "3,396,800" "327,300" "341,100" "10,960"
CATELLUS DEVELOPMENT Common Stock 149111106 "2,775,400" "35,559,813" "1,266,742" "1,209,600" "66,500"
CBL & ASSOCIATES Common Stock 124830100 "1,341,300" "27,664,313" "134,200" "1,207,100" 0
CHATEAU PROPERTIES Common Stock 161739107 "21,787" "565,100" 0 "21,787" 0
CHELSEA REALTY Common Stock 163262108 "1,953,517" "58,117,131" "784,960" "1,005,157" "36,550"
COLONIAL PROPERTIES Common Stock 195872106 "16,200" "375,638" 0 "16,200" 0
CORNERSTONE Common Stock 21922H103 "105,600" "1,544,400" "105,600" 0 0
CORNERSTONE REALTY INCOME Common Stock 21922V102 "215,300" "2,099,175" "215,300" 0 0
COUSINS PROPERTIES Common Stock 222795106 "53,160" "1,804,118" 0 "53,160" 0
CRESCENT Common Stock 225756105 "766,865" "14,091,144" "332,000" "426,300" "8,565"
DEVELOPERS DIVERSIFIED Common Stock 251591103 "4,454,934" "57,357,275" "1,332,829" "2,886,484" "57,050"
DUKE-WEEKS Common Stock 264411505 "6,162,446" "120,167,697" "2,204,511" "3,129,334" "120,185"
ENTERTAINMENT PROP Common Stock 29380T105 "898,600" "11,850,288" "138,800" "714,200" "45,600"
EQUITY OFFICE Common Stock 294741103 "7,022,780" "172,935,958" "2,392,176" "3,854,477" "88,379"
EQUITY RESIDENTIAL Common Stock 29476L107 "3,124,823" "133,390,882" "645,461" "2,153,325" "32,148"
ESSEX PROPERTY Common Stock 297178105 "1,010,800" "34,367,200" "292,900" "645,800" "12,600"
FIRST INDUSTRIAL Common Stock 32054K103 "767,375" "21,054,852" "427,700" "321,200" "18,475"
FIRST WASHINGTON REALTY Common Stock 337489504 "480,800" "8,984,950" "68,500" "412,300" 0
FOREST CITY Common Stock 345550107 "219,100" "6,134,800" "102,400" "105,500" "11,200"
FRANCHISE FINANCE CORP Common Stock 351807102 "20,000" "478,750" 0 0 "20,000"
GABLES RESIDENTIAL Common Stock 362418105 "2,219,300" "53,263,200" "1,410,700" "803,100" "5,500"
GENERAL GROWTH Common Stock 370021107 "1,137,100" "31,838,800" "47,600" "971,500" "6,700"
GLENBOROUGH Common Stock 37803P105 "345,700" "4,623,738" "213,000" 0 "15,400"
GREAT LAKES Common Stock 390752103 "183,500" "2,637,813" "183,500" 0 0
GROVE PROPERTY Common Stock 399613108 "1,012,729" "13,418,659" "141,800" "870,929" 0
HEALTH CARE PROPERTY Common Stock 421915109 "20,550" "490,631" 0 "20,550" 0
HIGHWOODS Common Stock 431284108 "716,351" "16,923,793" "366,300" "339,751" "10,300"
HOME PROPERTIES OF NY Common Stock 437306103 "170,800" "4,686,325" "170,800" 0 0
HOMESTEAD Common Stock 437851108 "107,694" "228,850" "107,694" 0 0
HOST MARRIOT Common Stock 44107P104 "2,566,412" "21,172,899" "1,401,774" "904,518" "66,098"
JDN REALTY Common Stock 465917102 "2,632,560" "42,450,030" "480,600" "1,942,160" "41,500"
KILROY REALTY Common Stock 49427F108 "1,940,200" "43,411,975" "807,000" "989,000" "38,000"
KIMCO REALTY Common Stock 49446R109 "2,834,548" "96,020,314" "578,357" "2,029,698" "20,100"
MACERICH Common Stock 554382101 "1,952,100" "40,628,081" "263,980" "1,484,800" "8,900"
MACK-CALI REALTY Common Stock 554489104 "2,949,700" "76,876,556" "1,003,656" "1,599,700" "57,600"
MERISTAR Common Stock 58984Y103 "2,851,345" "45,621,520" "1,877,225" "863,982" "28,837"
MERISTAR HOTELS Common Stock 589988104 "797,000" "2,839,313" "465,700" "309,300" "22,000"
MID ATLANTIC REALTY Common Stock 595232109 "77,500" "779,844" "77,500" 0 0
MILLS CORP. Common Stock 601148109 "150,100" "2,683,038" "129,300" "19,700" "1,100"
MISSION WEST PROPERTIES Common Stock 605203108 "110,000" "852,500" "110,000" 0 0
NATIONWIDE HEALTH Common Stock 638620104 "35,600" "489,500" 0 "35,600" 0
NORTHSTAR Common Stock 66704F106 "87,500" "1,793,750" "87,500" 0 0
PACIFIC GULF Common Stock 694396102 "255,500" "5,173,875" "180,600" 0 0
PAN PACIFIC Common Stock 69806L104 "1,317,800" "21,496,613" "223,400" "969,100" "6,600"
PARKWAY Common Stock 70159Q104 "93,900" "2,705,494" "93,900" 0 0
PHILIPS Common Stock 718333107 "737,200" "12,117,725" "311,772" "348,800" 0
POST PROPERTIES Common Stock 737464107 "2,753,382" "105,316,862" "606,867" "1,931,775" "39,228"
PRIME RETAIL Common Stock 741570105 "527,800" "2,968,875" 0 "527,800" 0
PROLOGIS TRUST Common Stock 743410102 "1,620,674" "31,197,975" "734,900" "672,374" "19,800"
PS BUSINESS PARKS Common Stock 69360J107 "2,511,848" "57,144,542" "1,179,672" "1,181,574" "29,300"
PUBLIC STORAGE Common Stock 74460D109 "3,162,100" "71,740,144" "1,491,997" "1,123,300" "77,100"
RECKSON ASSOCIATES Common Stock 75621K106 "4,343,477" "89,041,279" "2,020,603" "1,805,232" "59,900"
REGENCY REALTY Common Stock 758939102 "890,134" "17,802,680" "541,950" "240,000" "9,500"
ROUSE COMPANY Common Stock 779273101 "1,674,600" "35,585,250" "477,073" "948,400" "35,600"
SEC CAP GROUP Common Stock 81413P105 "19,426" "12,141,250" "19,426" 0 0
SEC. CAP. US REALTY Common Stock 104580113 "347,040" "4,927,968" "347,040" 0 0
SHURGARD STORAGE Common Stock 82567D104 "17,000" "394,188" 0 "17,000" 0
SIMON PROPERTY Common Stock 828806109 "2,615,262" "59,977,415" "1,320,168" "981,713" "54,015"
SL GREEN REALTY Common Stock 78440X101 "1,002,300" "21,800,025" "731,600" "256,700" "14,000"
SMITH RESIDENTIAL Common Stock 832197107 "1,017,300" "35,986,988" "180,825" "805,500" "3,300"
SPIEKER PROPERTIES Common Stock 848497103 "3,336,770" "121,583,557" "1,158,132" "1,774,300" "48,100"
STARWOOD HOTELS Common Stock 85590A203 "2,266,218" "53,256,123" "1,217,651" "735,368" "67,800"
STORAGE USA Common Stock 861907103 "1,063,950" "32,184,488" "382,542" "532,850" "26,600"
SUN COMMUNITIES Common Stock 866674104 "1,222,600" "39,352,438" "615,118" "444,580" "14,070"
TAUBMAN CENTERS Common Stock 876664103 "1,665,950" "17,908,963" "188,500" "1,474,350" "3,100"
TRIZEC HAHN Common Stock 896938107 "92,000" "1,552,500" "92,000" 0 0
URBAN Common Stock 917060105 "1,002,500" "27,192,813" "74,700" "869,000" 0
VORNADO OPERATING Common Stock 92904N103 "69,217" "415,302" "30,190" "37,780" "1,247"
VORNADO REALTY Common Stock 929042109 "2,063,500" "67,063,750" "853,182" "882,700" "53,700"
WALDEN Common Stock 931210108 "116,000" "2,508,500" "25,700" "90,300" 0
WALDEN PFD Preferred Stock 931210603 "163,072" "3,016,832" 0 "163,072" 0
WALDEN- WTS Common Stock 931210116 "543,575" "2,718" 0 "543,575" 0
WEINGARTEN REALTY Common Stock 948741103 "701,300" "27,306,869" 0 "701,300" 0
WYNDHAM Common Stock 983101106 "4,518,599" "13,273,384" "2,436,892" "1,979,979" "101,728"
Grand Total "119,075,411" "2,744,012,839" "45,017,687" "64,044,653" "1,745,213"
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