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SEC Schedule 13-F Filing
For Period Ending: 6/30/00
Sole Shared
Combined Market Voting Voting No Voting
Issuer (1) CUSIP (3) Shares (5) Value (4) Discretion Discretion Discretion
AMB PROPERTY 00163T109 "328,048" "7,483,595" "279,048" "49,000" 0
AMERICAN INDUSTRIAL 026791103 "1,505,387" "20,416,811" "1,024,331" "481,056" 0
AMLI RESIDENTIAL 001735109 "216,500" "5,101,281" "216,500" 0 0
APT INV & MGMNT 03748R101 "4,107,333" "177,642,152" "1,286,387" "2,789,946" "31,000"
ARCHSTONE 039581103 "265,234" "5,586,491" "200,350" "64,884" 0
AVALONBAY COMMUNITIES 053484101 "5,488,346" "229,138,446" "1,566,487" "3,868,956" "52,903"
BEACON CAP PARTNERS 073561102 "715,250" "11,550,380" "651,000" "50,000" "14,250"
BEACON/COSPACE VOTING TRUST 187991104 "112,284" 0 "112,284" 0 0
BEACON/CYPRESS 232992107 "89,173" 0 "89,173" 0 0
BEACON/WYNDHAM VOTING TRUST 073993115 "30,137" 0 "30,137" 0 0
BOSTON PROPERTIES 101121101 "2,582,908" "99,764,822" "991,308" "1,557,800" "33,800"
BRADLEY 104580105 "747,000" "15,920,438" "42,000" "705,000" 0
BRANDYWINE REALTY 105368203 "531,600" "10,166,850" "398,700" "130,200" "2,700"
BRE PROPERTIES 05564E106 "288,200" "8,321,775" 0 "288,200" 0
CAMDEN PROPERTY 133131102 "3,224,636" "94,723,683" "826,924" "2,372,507" "25,205"
CAPITAL TRUST 14052H100 "320,200" "1,280,800" "248,900" "67,000" "4,300"
CATELLUS DEVELOPMENT 149111106 "2,726,958" "40,904,370" "1,494,858" "1,181,700" "50,400"
CBL & ASSOCIATES 124830100 "1,359,800" "33,910,013" "144,400" "1,215,400" 0
CHATEAU PROPERTIES 161739107 "21,787" "615,483" 0 "21,787" 0
CHELSEA REALTY 163262108 "1,608,117" "55,580,544" "667,110" "916,457" "24,550"
COLONIAL PROPERTIES 195872106 "16,200" "443,475" 0 "16,200" 0
COMMERCIAL NET LEASE 202218103 "716,800" "7,526,400" "716,800" 0 0
CORNERSTONE REALTY INCOME 21922V102 "105,600" "1,056,000" "105,600" 0 0
COUSINS PROPERTIES 222795106 "53,160" "2,046,660" 0 "53,160" 0
DEVELOPERS DIVERSIFIED 251591103 "4,212,805" "62,928,775" "1,296,371" "2,876,784" "39,650"
DUKE-WEEKS 264411505 "6,776,877" "151,632,623" "2,603,290" "4,086,902" "86,685"
ENTERTAINMENT PROP 29380T105 "823,100" "11,369,069" "138,800" "684,300" 0
EQUITY OFFICE 294741103 "4,798,936" "132,272,366" "3,106,111" "1,614,246" "78,579"
EQUITY RESIDENTIAL 29476L107 "4,535,912" "208,651,952" "1,185,139" "3,315,425" "35,348"
ESSEX PROPERTY 297178105 "1,041,400" "43,738,800" "299,800" "731,400" "10,200"
FIRST WASHINGTON REALTY 337489504 "311,800" "6,879,088" "38,500" "273,300" 0
FOREST CITY 345550107 "146,100" "4,876,088" "96,200" "43,100" "6,800"
FRANCHISE FINANCE CORP 351807102 "9,000" "207,000" 0 0 "9,000"
GABLES RESIDENTIAL 362418105 "1,175,100" "30,258,825" "740,600" "434,500" 0
GENERAL GROWTH 370021107 "2,527,400" "80,244,950" "532,000" "1,971,900" "23,500"
GREAT LAKES 390752103 "213,200" "3,624,400" "213,200" 0 0
GROVE PROPERTY 399613108 "1,063,129" "17,275,846" "202,200" "860,929" 0
HEALTH CARE PROPERTY 421915109 "20,550" "559,988" 0 "20,550" 0
HIGHWOODS 431284108 "16,800" "403,200" 0 "16,800" 0
HOME PROPERTIES OF NY 437306103 "175,800" "5,274,000" "175,800" 0 0
HOST MARRIOT 44107P104 "34,605" "324,422" "15,322" "19,283" 0
ISTAR FINANCIAL INC 45031U101 "177,500" "3,716,406" 0 "164,500" "13,000"
JDN REALTY 465917102 "1,660,160" "16,912,880" 0 "1,660,160" 0
KILROY REALTY 49427F108 "2,141,800" "55,552,938" "910,400" "1,204,700" "26,700"
KIMCO REALTY 49446R109 "2,693,641" "110,439,281" "617,243" "2,061,498" "14,900"
MACERICH 554382101 "2,063,820" "45,533,029" "331,320" "1,723,600" "8,900"
MACK-CALI REALTY 554489104 "2,780,644" "71,427,793" "1,090,444" "1,651,300" "38,900"
MERISTAR 58984Y103 "2,449,965" "51,449,265" "1,644,646" "778,582" "26,737"
MERISTAR HOTELS 589988104 "425,200" "1,222,450" "259,700" "147,100" "18,400"
MID ATLANTIC REALTY 595232109 "76,000" "760,000" "76,000" 0 0
MILLS CORP. 601148109 "174,200" "3,277,138" "160,000" "13,100" "1,100"
MISSION WEST PROPERTIES 605203108 "118,300" "1,242,150" "110,000" "6,300" "2,000"
NORTHSTAR 66704F106 "87,500" "1,793,750" "87,500" 0 0
PACIFIC GULF 694396102 "539,700" "13,526,231" "289,800" "249,900" 0
PAN PACIFIC 69806L104 "1,234,500" "24,844,313" "248,400" "981,600" "4,500"
PARKWAY 70159Q104 "143,900" "4,388,950" "143,900" 0 0
PHILIPS 718333107 "713,828" "12,402,762" "365,028" "348,800" 0
POST PROPERTIES 737464107 "2,838,805" "124,907,420" "675,815" "2,137,562" "25,428"
PROLOGIS TRUST 743410102 "3,626,774" "77,295,621" "1,726,600" "1,844,274" "55,900"
PS BUSINESS PARKS 69360J107 "2,612,650" "62,703,600" "1,272,576" "1,320,974" "19,100"
PUBLIC STORAGE 74460D109 "3,445,703" "80,758,664" "1,757,803" "1,629,600" "58,300"
RECKSON ASSOCIATES 75621K106 "4,366,119" "103,695,326" "2,238,987" "2,083,832" "43,300"
REGENCY REALTY 758939102 "737,884" "17,524,745" "540,184" "188,200" "9,500"
ROUSE COMPANY 779273101 "3,133,527" "77,554,793" "700,027" "2,404,700" "28,800"
SEC CAP GROUP 81413P105 "19,426" "16,512,100" "19,426" 0 0
SHURGARD STORAGE 82567D104 "17,000" "382,500" 0 "17,000" 0
SIMON PROPERTY 828806109 "2,543,988" "56,444,734" "1,492,560" "1,007,713" "43,715"
SL GREEN REALTY 78440X101 "781,600" "20,907,800" "621,800" "150,700" "9,100"
SMITH RESIDENTIAL 832197107 "819,600" "31,144,800" "74,800" "741,200" "3,600"
SPIEKER PROPERTIES 848497103 "2,789,838" "128,332,548" "1,133,438" "1,622,400" "34,000"
STARWOOD HOTELS 85590A203 "2,513,672" "81,851,445" "1,609,599" "855,173" "48,900"
STORAGE USA 861907103 "926,508" "27,331,986" "396,658" "509,850" "20,000"
SUN COMMUNITIES 866674104 "1,329,982" "44,471,273" "741,032" "574,080" "14,870"
TAUBMAN CENTERS 876664103 "1,604,250" "17,646,750" "186,000" "1,415,150" "3,100"
TRIZEC HAHN 896938107 "171,000" "3,056,625" "171,000" 0 0
URBAN 917060105 "964,900" "32,505,069" "73,200" "891,700" 0
VORNADO OPERATING 92904N103 "42,007" "325,554" "29,370" "11,390" "1,247"
VORNADO REALTY 929042109 "2,598,318" "90,291,551" "1,239,318" "1,313,100" "45,900"
WEINGARTEN REALTY 948741103 "701,300" "28,314,988" 0 "701,300" 0
WYNDHAM 983101106 "152,520" "381,300" "152,520" 0 0
Grand Total "111,261,200" "$3,132,532,383.87 " "44,922,723" "65,189,710" "1,148,767"
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