PORTFOLIO MANAGER
11/09/2000
ABP -- September 2000, 13F Filing
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Total Owned/ Investment
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Shares of Fair Discretion Other Voting
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Name of Issuer Title of Class Cusip No. Principle Mkt Value Sh/PR Sole Managers Authority
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<S> <C> <C> <C> <C> <C> <C> <C>
Equity Office Props. COM 294741103 11,909,573 $369,568,937 SH yes yes
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Duke-Realty COM NEW 264411505 8,000,000 $193,000,000 SH yes yes
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Simon Property Group COM 828806109 6,154,383 $144,243,352 SH yes yes
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Prologis SH BEN INT 743410102 6,050,536 $143,700,230 SH yes yes
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Equity Residential SH BEN INT 29476L107 5,848,583 $280,731,984 SH yes yes
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Public Storage COM 74460D109 5,219,585 $124,943,816 SH yes yes
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Vornado Realty Trust SH BEN INT 929042109 4,499,116 $167,029,682 SH yes yes
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Reckson Associates A COM 75621K106 4,181,818 $106,636,359 SH yes yes
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Archstone SH BEN INT 039581103 3,779,754 $92,840,208 SH yes yes
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AvalonBay COM 053484101 3,719,062 $177,352,769 SH yes yes
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General Growth COM 370021107 3,669,099 $118,099,124 SH yes yes
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AIMCO CL A 03748R101 3,442,866 $158,587,015 SH yes yes
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Kimco Realty Corp. COM 49446R109 3,360,822 $141,994,730 SH yes yes
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Developers Diversified COM 251591103 3,193,026 $41,110,210 SH yes yes
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Liberty Property Trust SH BEN INT 531172104 3,111,665 $85,570,788 SH yes yes
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Rouse Co. COM 779273101 3,023,600 $75,401,025 SH yes yes
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AMB Property Corp COM 00163T109 2,924,044 $71,821,831 SH yes yes
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Host Marriott COM 44107P104 2,537,150 $28,542,938 SH yes yes
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Spieker Properties COM 848497103 2,459,079 $141,550,735 SH yes yes
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Macerich COM 554382101 2,174,788 $46,214,245 SH yes yes
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Carr America Realty COM 144418100 1,835,108 $55,512,017 SH yes yes
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Crescent Real Estate COM 225756105 1,700,000 $37,931,250 SH yes yes
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Prentiss Properties Trust SH BEN INT 740706106 1,691,084 $44,179,570 SH yes yes
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Meristar Hospitality COM 58984Y103 1,486,956 $30,110,859 SH yes yes
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Boston Properties COM 101121101 1,403,404 $60,258,659 SH yes yes
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CBL & Associates COM 124830100 1,382,688 $34,653,618 SH yes yes
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Highwoods Properties COM 431284108 1,277,424 $30,179,142 SH yes yes
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Arden Realty COM 039793104 1,232,100 $33,035,681 SH yes yes
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Gables Residential SH BEN INT 362418105 1,182,200 $32,141,063 SH yes yes
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Post Properties COM 737464107 1,132,800 $49,347,600 SH yes yes
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SL Green Realty COM 78440X101 1,006,050 $28,232,278 SH yes yes
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Centerpoint Properties SH BEN INT 151895109 779,679 $35,913,964 SH yes yes
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Taubman Centers COM 876664103 741,398 $8,572,414 SH yes yes
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Sun Communities COM 866674104 721,647 $22,822,086 SH yes yes
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Frontline Capital Group COM 35921N101 700,000 $11,506,250 SH yes yes
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Camden Property Trust SH BEN INT 133131102 681,569 $21,128,639 SH yes yes
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Federal Realty SH BEN INT NEW 313747206 657,702 $12,578,551 SH yes yes
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Kilroy Realty COM 49427F108 616,503 $16,452,924 SH yes yes
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Cousins Properties COM 222795106 581,100 $16,682,413 SH yes yes
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Shurgard Storage COM 82567D104 573,240 $12,933,728 SH yes yes
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Grove SH BEN INT 399613108 454,232 $7,494,828 SH yes yes
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Mission West Properties COM 605203108 409,500 $5,681,813 SH yes yes
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Catellus Dev. COM 149111106 409,000 $7,157,500 SH yes yes
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Starwood Financial COM 45031U101 394,400 $8,849,350 SH yes yes
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Franchise Finance Corp COM 351807102 376,324 $8,467,290 SH yes yes
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PS Business Parks COM 69360J107 365,518 $9,960,366 SH yes yes
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American Industrial COM NEW 026791202 348,940 $4,972,395 SH yes yes
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SC US Realty SPONSORED HDR 814136206 300,111 $6,414,873 SH yes yes
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Charles E. Smith Res. COM 832197107 300,000 $13,612,500 SH yes yes
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Reckson Associates/B CL B 75621K304 296,540 $7,932,445 SH yes yes
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Pacific Gulf Properties COM 694396102 289,800 $7,752,150 SH yes yes
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Chelsea G.C.A. Realty COM 163262108 288,500 $10,133,563 SH yes yes
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Phillips International COM 718333107 288,400 $4,974,900 SH yes yes
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Pan Pacific Retail COM 69806L104 248,400 $4,983,525 SH yes yes
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Manufactured Homes COM 564682102 243,144 $6,078,600 SH yes yes
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Ramco-Gershenson COM SH BEN INT 751452202 240,000 $3,555,000 SH yes yes
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Pinnacle Holdings, Inc. COM 72346N101 222,200 $5,916,075 SH yes yes
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AMLI Residential SH BEN INT 001735109 216,500 $5,196,000 SH yes yes
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Keystone Property Trust COM 493596100 213,580 $2,669,750 SH yes yes
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Great Lakes REIT COM 390752103 213,200 $3,704,350 SH yes yes
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BRE Properties CL A 05564E106 205,600 $6,579,200 SH yes yes
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Cabot Industrial Trust COM 127072106 200,000 $3,987,500 SH yes yes
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Wellsford COM NEW 950240200 184,523 $3,644,329 SH yes yes
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Weingarten Realty SH BEN INT 948741103 179,199 $7,302,359 SH yes yes
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Home Properties of NY COM 437306103 175,800 $5,252,025 SH yes yes
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Essex Property Trust COM 297178105 162,000 $8,970,750 SH yes yes
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Prime Group Realty Trust SH BEN INT 74158J103 154,839 $2,438,714 SH yes yes
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Parkway Properties COM 70159Q104 143,900 $4,388,950 SH yes yes
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Entertainment Properties COM SH BEN INT 29380T105 138,800 $1,474,750 SH yes yes
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Mills Corp. COM 601148109 107,400 $2,033,888 SH yes yes
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Cornerstone Realty Income COM 21922V102 105,600 $1,122,000 SH yes yes
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Storage USA COM 861907103 76,800 $2,342,400 SH yes yes
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Mid-Atlantic SH BEN INT 595232109 76,000 $897,750 SH yes yes
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Urban Shopping Centers COM 917060105 73,200 $3,477,000 SH yes yes
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Regency Realty COM 758939102 61,400 $1,408,363 SH yes yes
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Security Capital A CL A 81413P105 45,600 $43,320,000 SH yes yes
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First Washington COM 337489504 38,500 $976,938 SH yes yes
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