SECURITIES AND EXCHANGE COMMISSION
FORM 13F
Washington, D.C. 20549
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS PURSUANT TO
SECTION 13(f) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULES THEREUNDER.
Stichting Pensioenfonds ABP
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Name of Institutional Investment Manager 13F File Number
P.O. Box 2889, 6401 DJ Heerlen, The Netherlands
Paul A. Spijkers, President of ABP Investments U.S., Inc. (212) 338-0800
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Business Address (Street, City, State and Zip Code)
Report for the Calendar Year or Quarter Ended: March 31, 1998
If amended report check here: ______________
ATTENTION -- Intentional misstatements or omissions of facts are
Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
I represent that I am authorized to submit this Form and that all
information in this Form and the attachments to it is true, correct and
complete, and I understand that all required items, statements and schedules are
integral parts of this Form and that the submission of any amendment represents
that all unamended items, statements and schedules remain true, correct and
complete as previously submitted.
I am signing this report as required by the Securities Exchange Act of
1934.
Paul A. Spijkers, President of ABP Investments U.S., Inc. (212) 338-0800
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Name, Title and Phone No. of Person Submitting this Report
/s/ PAUL A SPIJKERS, President of ABP Investments U.S., Inc.
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Manual Signature of Person Submitting This Report
New York, N.Y. June , 1999
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Place Signed (City and State) Date Signed
<PAGE>
FORM 13F
Page 1 of 8 Name of Reporting Manager Stichting Pensioenfonds ABP
---------------------------
<TABLE>
<CAPTION>
Item 6:
Item 5: Investment Direction
Item 2: Item 3: Item 4: Shares or (b)Shared
Item 1: Title of CUSIP Fair Market Principal (a)Sole As Defined (c)Shared-
Name of Issuer Class Number Value* Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
AMB PROPERTY CORP COM 00163T109 14,932,000 720,000 SH X
AMERICAN HEALTH PPTYS INC COM 026494104 1,916,000 105,000 SH X
AMERICAN INDL PPTYS REIT COM 026791202 4,056,000 349,000 SH X
AMERICAN REAL ESTATE INV. COM 0291661058 2,857,000 214,000 SH X
CORP
APARTMENT INVST & MGMT CO CL A 03748R101 47,268,000 1,304,000 SH X
ARCHSTONE COMMUNITIES TR SH BEN 039581103 12,149,000 604,000 SH X
INT
ARDEN RLTY GROUP INC COM 039793104 28,623,000 1,286,000 SH X
ASSOCIATED ESTATES RLTY CORP COM 045604105 996,000 95,000 SH X
AVALON BAY CMNTYS INC COM 053484101 131,435,000 4,156,000 SH X
BEDFORD PPTY INVS INC COM PAR 76446301 1,398,000 96,000 SH X
BERKSHIRE RLTY INC COM 84710102 3,279,000 293,000 SH X
BOSTON PROPERTIES INC COM 101121101 29,495,000 933,000 SH X
BRADLEY REAL ESTATE INC COM 104580105 7,343,000 405,000 SH X
BRANDYWINE RLTY TR SH BEN 105368203 3,958,000 244,000 SH X
INT
BRE PPTYS CL A 05564E106 4,216,000 186,000 SH X
BURNHAM PACIFIC PPTYS INC COM 12232C108 1,416,000 135,000 SH X
CABOT INDUSTRIAL TRUST COM 127072106 3,775,000 200,000 SH X
CAMDEN PPTY TR SH BEN 133131102 7,460,000 301,000 SH X
INT
</TABLE>
(SEC USE ONLY)
:
Item 7: Item 8
Item 1: Managers Voting Authority (Shares)
Name of Issuer See Instr. V (a) Sole (b) Shared (c) None
- --------------------------------------------------------------------------------
AMB PROPERTY CORP X
AMERICAN HEALTH PPTYS INC X
AMERICAN INDL PPTYS REIT X
AMERICAN REAL ESTATE INV. X
CORP
APARTMENT INVST & MGMT CO X
ARCHSTONE COMMUNITIES TR X
ARDEN RLTY GROUP INC X
ASSOCIATED ESTATES RLTY CORP X
AVALON BAY CMNTYS INC X
BEDFORD PPTY INVS INC X
BERKSHIRE RLTY INC X
BOSTON PROPERTIES INC X
BRADLEY REAL ESTATE INC X
BRANDYWINE RLTY TR X
BRE PPTYS X
BURNHAM PACIFIC PPTYS INC X
CABOT INDUSTRIAL TRUST X
CAMDEN PPTY TR X
<PAGE>
FORM 13F
Page 2 of 8 Name of Reporting Manager Stichting Pensioenfonds ABP
---------------------------
<TABLE>
<CAPTION>
Item 6:
Item 5: Investment Direction
Item 2: Item 3: Item 4: Shares or (b)Shared
Item 1: Title of CUSIP Fair Market Principal (a)Sole As Defined (c)Shared-
Name of Issuer Class Number Value* Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CARRAMERICA RLTY CORP COM 144418100 17,186,000 779,000 SH X
CATELLUS DEV CORP COM 149111106 4,740,000 354,000 SH X
CBL & ASSOC PPTYS INC COM 124830100 40,438,000 1,739,000 SH X
CCA PRISON REALTY TRUST COM 12486R1086 7,247,000 416,000 SH X
CENTERPOINT PROPERTIES TRUST SH BEN 151895109 2,655,000 85,000 SH X
INT
CHARLES E SMITH RESDNTL RLTY COM 8321971074 3,118,000 101,000 SH X
CHATEAU COMMUNITIES INC COM 161726104 3,236,000 118,000 SH X
CHELSEA GCA RLTY INC COM 163262108 5,304,000 190,000 SH X
COLONIAL PPTYS TR COM 195872106 2,801,000 110,000 SH X
SH BEN
INT
COMMERCIAL NET LEASE RLTY COM 202218103 3,023,000 270,000 SH X
INC
CORNERSTONE PPTYS COM 21922H103 7,895,000 540,000 SH X
CORNERSTONE RLTY INCOME TR COM 21922V102 1,929,000 182,000 SH X
NC
CRESCENT REAL ESTATE EQUITIES COM 225756105 10,957,000 510,000 SH X
CRESTLINE CAPITAL CORP. COM 226153104 804,000 52,000 SH X
DEVELOPERS DIVERSIFIED COM 251591103 6,700,000 468,000 SH X
REALTY CO
</TABLE>
Item 7: Item 8
Item 1: Managers Voting Authority (Shares)
Name of Issuer See Instr. V (a) Sole (b) Shared (c) None
- --------------------------------------------------------------------------------
CARRAMERICA RLTY CORP X
CATELLUS DEV CORP X
CBL & ASSOC PPTYS INC X
CCA PRISON REALTY TRUST X
CENTERPOINT PROPERTIES TRUST X
CHARLES E SMITH RESDNTL RLTY X
CHATEAU COMMUNITIES INC X
CHELSEA GCA RLTY INC X
COLONIAL PPTYS TR X
COMMERCIAL NET LEASE RLTY X
INC
CORNERSTONE PPTYS X
CORNERSTONE RLTY INCOME TR X
NC
CRESCENT REAL ESTATE EQUITIES X
CRESTLINE CAPITAL CORP. X
DEVELOPERS DIVERSIFIED X
REALTY CO
<PAGE>
FORM 13F
Page 3 of 8 Name of Reporting Manager Stichting Pensioenfonds ABP
---------------------------
<TABLE>
<CAPTION>
Item 6:
Item 5: Investment Direction
Item 2: Item 3: Item 4: Shares or (b)Shared
Item 1: Title of CUSIP Fair Market Principal (a)Sole As Defined (c)Shared-
Name of Issuer Class Number Value* Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
DUKE REALTY INVT INC COM 264411505 15,329,000 713,000 SH X
EASTGROUP PPTY INC COM 277276101 1,109,000 69,000 SH X
EQUITY INNS INC COM 294703103 1,307,000 154,000 SH X
EQUITY OFFICE PROPERTIES COM 294741103 364,947,000 14,347,000 SH X
TRUST
EQUITY RESIDENTIAL PPTYS TR SH BEN 29476L107 214,304,000 5,195,000 SH X
INT
ESSEX PPTYS TR INC COM 297178105 1,833,000 70,000 SH X
FEDERAL REALTY INVT TR SH BEN 313747206 60,762,000 2,868,000 SH X
INT
FELCOR LODGING TRUST INC COM 31430F101 6,634,000 286,000 SH X
FIRST INDUSTRIAL REALTY TRUST COM 32054K103 21,149,000 884,000 SH X
FOREST CITY ENTERPRISES CL A 345550107 634,000 26,000 SH X
FRANCHISE FIN CORP AMERICA COM 351807102 4,886,000 232,000 SH X
GABLES RESIDENTIAL TR SH BEN 362418105 32,992,000 1,495,000 SH X
INT
GENERAL GROWTH PROPERTIES COM 3700211077 4,891,000 151,000 SH X
GLENBOROUGH RLTY TR INC COM 37803P105 2,276,000 134,000 SH X
GLIMCHER RLTY TR SH BEN 379302102 1,438,000 100,000 SH X
INT
</TABLE>
Item 7: Item 8
Item 1: Managers Voting Authority (Shares)
Name of Issuer See Instr. V (a) Sole (b) Shared (c) None
- --------------------------------------------------------------------------------
DUKE REALTY INVT INC X
EASTGROUP PPTY INC X
EQUITY INNS INC X
EQUITY OFFICE PROPERTIES X
TRUST
EQUITY RESIDENTIAL PPTYS TR X
ESSEX PPTYS TR INC X
FEDERAL REALTY INVT TR X
FELCOR LODGING TRUST INC X
FIRST INDUSTRIAL REALTY TRUST X
FOREST CITY ENTERPRISES X
FRANCHISE FIN CORP AMERICA X
GABLES RESIDENTIAL TR X
GENERAL GROWTH PROPERTIES X
GLENBOROUGH RLTY TR INC X
GLIMCHER RLTY TR X
<PAGE>
FORM 13F
Page 4 of 8 Name of Reporting Manager Stichting Pensioenfonds ABP
---------------------------
<TABLE>
<CAPTION>
Item 6:
Item 5: Investment Direction
Item 2: Item 3: Item 4: Shares or (b)Shared
Item 1: Title of CUSIP Fair Market Principal (a)Sole As Defined (c)Shared-
Name of Issuer Class Number Value* Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
GROVE PPTY TR SH BEN 399613108 4,628,000 394,000 SH X
INT
HEALTH CARE PPTYS INVS INC COM 421915109 3,757,000 131,000 SH X
HEALTHCARE RLTY TR COM 421946104 3,187,000 168,000 SH X
HIGHWOODS PPTYS INC COM 431284108 9,761,000 414,000 SH X
HOSPITALITY PPTYS TR COM SH 44106M102 4,886,000 181,000 X
BEN INT
HOST MARRIOT CORP COM 441078102 6,327,000 569,000 SH X
HRPT PROPERTIES TRUST COM SH 40426W1018 7,484,000 554,000 SH X
BEN INT
INSIGNIA PROPERTIES TRUST COM 45766D100 2,973,000 214,000 SH X
IRT PROPERTY INC COM 450058102 1,235,000 140,000 SH X
IRVINE APT CMNTYS INC COM 463606103 2,794,000 85,000 SH X
JDN RLTY CORP COM 465917102 3,476,000 175,000 SH X
JP REALTY CORP COM 46624A106 1,464,000 74,000 SH X
KILROY RLTY CORP COM 49427F108 3,472,000 169,000 SH X
KIMCO RLTY TR COM 49446R109 10,445,000 283,000 X
KOGER EQUITY INC COM 5002281013 1,507,000 112,000 SH X
KRANZCO RLTY TR COM SH 50076E103 525,000 44,000 SH X
BEN INT
</TABLE>
Item 7: Item 8
Item 1: Managers Voting Authority (Shares)
Name of Issuer See Instr. V (a) Sole (b) Shared (c) None
- --------------------------------------------------------------------------------
GROVE PPTY TR X
HEALTH CARE PPTYS INVS INC X
HEALTHCARE RLTY TR X
HIGHWOODS PPTYS INC X
HOSPITALITY PPTYS TR X
HOST MARRIOT CORP X
HRPT PROPERTIES TRUST X
INSIGNIA PROPERTIES TRUST X
IRT PROPERTY INC X
IRVINE APT CMNTYS INC X
JDN RLTY CORP X
JP REALTY CORP X
KILROY RLTY CORP X
KIMCO RLTY TR X
KOGER EQUITY INC X
KRANZCO RLTY TR X
<PAGE>
FORM 13F
Page 5 of 8 Name of Reporting Manager Stichting Pensioenfonds ABP
---------------------------
<TABLE>
<CAPTION>
Item 6:
Item 5: Investment Direction
Item 2: Item 3: Item 4: Shares or (b)Shared
Item 1: Title of CUSIP Fair Market Principal (a)Sole As Defined (c)Shared-
Name of Issuer Class Number Value* Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
LIBERTY PPTY TR SH BEN 531172104 56,925,000 2,743,000 SH X
INT
MACERICH CO COM 554382101 27,164,000 1,197,000 SH X
MACK CALI REALTY CORP COM 554489104 29,272,000 997,000 SH X
MANUFACTURED HOME CMNTYS COM 564682102 2,642,000 110,000 SH X
INC
MEDITRUST INC PAIRED 58501T306 7,939,000 638,000 SH X
CTF
MERIDIAN INDL TR INC COM 589643105 4,650,000 200,000 SH X
MERISTAR HOSPITALITY CORP COM 58984Y1038 5,768,000 317,000 SH X
MID-AMER APT CMNTYS INC 59522J103 1,699,000 79,000 SH X
MILLS CORP COM 601148109 1,827,000 102,000 SH X
NATIONAL GOLF PPTYS INC COM 63623G109 1,160,000 53,000 SH X
NATIONWIDE HEALTH PPTYS INC COM 638620104 3,701,000 195,000 SH X
NEW PLAN EXCEL RLTY TR INC SH BEN 648053106 97,526,000 5,083,000 SH X
INT
PACIFIC GULF PPTYS INC COM 694396102 1,520,000 84,000 SH X
PATRIOT AMERN HOSPITALITY PAIRED 703352203 6,434,000 1,255,000 SH X
DEL
PENNSYLVANIA REAL ESTATE SH BEN 709102107 1,049,000 56,000 SH X
INVT TR INT
</TABLE>
Item 7: Item 8
Item 1: Managers Voting Authority (Shares)
Name of Issuer See Instr. V (a) Sole (b) Shared (c) None
- --------------------------------------------------------------------------------
LIBERTY PPTY TR X
MACERICH CO X
MACK CALI REALTY CORP X
MANUFACTURED HOME CMNTYS X
INC
MEDITRUST INC X
MERIDIAN INDL TR INC X
MERISTAR HOSPITALITY CORP X
MID-AMER APT CMNTYS INC X
MILLS CORP X
NATIONAL GOLF PPTYS INC X
NATIONWIDE HEALTH PPTYS INC X
NEW PLAN EXCEL RLTY TR INC X
PACIFIC GULF PPTYS INC X
PATRIOT AMERN HOSPITALITY X
DEL
PENNSYLVANIA REAL ESTATE X
INVT TR
<PAGE>
FORM 13F
Page 6 of 8 Name of Reporting Manager Stichting Pensioenfonds ABP
---------------------------
<TABLE>
<CAPTION>
Item 6:
Item 5: Investment Direction
Item 2: Item 3: Item 4: Shares or (b)Shared
Item 1: Title of CUSIP Fair Market Principal (a)Sole As Defined (c)Shared-
Name of Issuer Class Number Value* Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
POST PPTYS INC COM 737464107 10,238,000 284,000 SH X
PRENTISS PPTYS TR SH BEN 740706106 3,058,000 164,000 SH X
INT
PRIME GROUP REALTY TRUST SH BEN 74158J103 2,052,000 155,000 SH X
INT
PRIME RETAIL INC COM 741570105 1,578,000 180,000 SH X
PRISON RLTY CORP COM 74264N105 1,388,000 80,000 SH X
PRO LOGIS TR SH BEN 743410102 13,663,000 666,000 SH X
INT
PS BUSINESS PKS INC CALIF COM 69360J107 4,794,000 219,000 SH X
PUBLIC STORAGE INC. COM 74460D109 19,320,000 773,000 SH X
RAMCO GERSHENSON PPTYS TR COM 751452202 3,825,000 240,000 SH X
SH BEN
INT
REALTY INCOME CORP COM 756109104 2,376,000 113,000 SH X
RECKSON ASSOCS RLTY CORP COM 75621K106 7,039,000 342,000 SH X
RECKSON ASSOCS RLTY 7.625% PFD CV 75621K205 3,668,000 180,000 SH X
SER A%
RFS HOTEL INVESTMENTS INC COM 74955J108 1,213,000 105,000 SH X
ROUSE CO COM 779273101 98,344,000 4,432,000 SH X
SECURITY CAP GROUP INC CL A 81413P105 26,409,000 44,000 SH X
</TABLE>
Item 7: Item 8
Item 1: Managers Voting Authority (Shares)
Name of Issuer See Instr. V (a) Sole (b) Shared (c) None
- --------------------------------------------------------------------------------
POST PPTYS INC X
PRENTISS PPTYS TR X
PRIME GROUP REALTY TRUST X
PRIME RETAIL INC X
PRISON RLTY CORP X
PRO LOGIS TR X
PS BUSINESS PKS INC CALIF X
PUBLIC STORAGE INC. X
RAMCO GERSHENSON PPTYS TR X
REALTY INCOME CORP X
RECKSON ASSOCS RLTY CORP X
RECKSON ASSOCS RLTY 7.625% X
RFS HOTEL INVESTMENTS INC X
ROUSE CO X
SECURITY CAP GROUP INC X
<PAGE>
FORM 13F
Page 7 of 8 Name of Reporting Manager Stichting Pensioenfonds ABP
---------------------------
<TABLE>
<CAPTION>
Item 6:
Item 5: Investment Direction
Item 2: Item 3: Item 4: Shares or (b)Shared
Item 1: Title of CUSIP Fair Market Principal (a)Sole As Defined (c)Shared-
Name of Issuer Class Number Value* Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
SECURITY CAPITAL US REALTY lu 0060100673
SHURGARD STORAGE CTRS INC COM 82567D104 3,061,000 121,000 SH X
SIMON PROPERTY GROUP NEW COM 828806109 172,928,000 6,303,000 SH X
SL GREEN REALTY CORP COM 78440X101 12,108,000 644,000 SH X
SOVRAN SELF STORAGE INC COM 84610H108 1,206,000 52,000 SH X
SPIEKER PPTYS INC COM 848497103 18,020,000 511,000 SH X
STARWOOD LODGING TR COMBND 855905204 6,208,000 217,000 SH X
CTF
STORAGE USA INC INC COM 861907103 7,116,000 251,000 SH X
SUMMIT PPTYS INC COM 866239106 1,791,000 107,000 SH X
SUN COMMUNITIES INC COM 866674104 5,772,000 182,000 SH X
TAUBMAN CTRS INC COM 876664103 30,839,000 2,517,000 SH X
TOWER REALTY TR INC COM 89185E109 8,835,000 467,000 SH X
TRINET CORP RLTY TR INC COM 896287109 2,662,000 105,000 SH X
TRIZEC HAHN CORP SUB VOT AM SUB VTG 8969381075 184,000 10,000 SH X
NOT
UNITED DOMINION RLTY TR INC COM 910197102 4,476,000 437,000 SH X
URBAN SHOPPING CENTERS INC COM 917060105 2,146,000 75,000 SH X
VORNADO OPERATING CO COM 92904N103 59,000 10,000 SH X
</TABLE>
Item 7: Item 8
Item 1: Managers Voting Authority (Shares)
Name of Issuer See Instr. V (a) Sole (b) Shared (c) None
- --------------------------------------------------------------------------------
SECURITY CAPITAL US REALTY
SHURGARD STORAGE CTRS INC X
SIMON PROPERTY GROUP NEW X
SL GREEN REALTY CORP X
SOVRAN SELF STORAGE INC X
SPIEKER PPTYS INC X
STARWOOD LODGING TR X
STORAGE USA INC INC X
SUMMIT PPTYS INC X
SUN COMMUNITIES INC X
TAUBMAN CTRS INC X
TOWER REALTY TR INC X
TRINET CORP RLTY TR INC X
TRIZEC HAHN CORP SUB VOT AM X
NOT
UNITED DOMINION RLTY TR INC X
URBAN SHOPPING CENTERS INC X
VORNADO OPERATING CO X
<PAGE>
FORM 13F
Page 8 of 8 Name of Reporting Manager Stichting Pensioenfonds ABP
---------------------------
<TABLE>
<CAPTION>
Item 6:
Item 5: Investment Direction
Item 2: Item 3: Item 4: Shares or (b)Shared
Item 1: Title of CUSIP Fair Market Principal (a)Sole As Defined (c)Shared-
Name of Issuer Class Number Value* Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
VORNADO REALTY TR SH BEN 929042109 19,078,000 553,000 SH X
INT
WALDEN RESIDENTIAL PPTYS INC COM 931210108 1,347,000 76,000 SH X
WASHINTON REAL ESTATE INVT SH BEN 939653101 2,456,000 151,000 SH X
TR INT
WEEKS CORP COM 94856P102 9,381,000 328,000 SH X
WEINGARTEN RLTY INVESTMENTS SH BEN 948741103 4,454,000 112,000 SH X
INT
WELLSFORD REAL PPTYS INC COM 950240101 1,615,000 185,000 SH X
WINSTON HOTELS INC COM 97563A102 554,000 69,000 SH X
COLUMN TOTALS 316296000 13483000 SH X
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Item 7: Item 8
Item 1: Managers Voting Authority (Shares)
Name of Issuer See Instr. V (a) Sole (b) Shared (c) None
- --------------------------------------------------------------------------------
VORNADO REALTY TR X
WALDEN RESIDENTIAL PPTYS INC X
WASHINTON REAL ESTATE INVT X
TR
WEEKS CORP X
WEINGARTEN RLTY INVESTMENTS X
WELLSFORD REAL PPTYS INC X
WINSTON HOTELS INC X
COLUMN TOTALS X
- --------------------------------------------------------------------------------
* Per item 4 of instructions, these amounts have been rounded to the nearest
thousand of dollars, with 000 omitted.