SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ________)*
Security Capital Group Incorporated
- --------------------------------------------------------------------------------
(Name of Issuer)
Class A Common Stock, $.01 par value per share and Class B Common Stock,
$.01 par value per share
- --------------------------------------------------------------------------------
(Title of Classes of Securities)
81413P105 and 81413P204
--------------------------------------
(CUSIP Numbers)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of the
Act (however, see the Notes).
Page 1 of 6 pages
<PAGE>
CUSIP Nos. 81413P105 and 81413P204 13G Page 2 of 6 Pages
- --------------------------------------- --------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Security Capital U.S. Realty
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Grand Duchy of Luxembourg
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5 SOLE VOTING POWER
52,431 Shares of Class A Common Stock
1,964,286 Shares of Class B Common Stock
----------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY -0- Shares
OWNED BY ----------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 52,431 Shares of Class A Common Stock
WITH 1,964,286 Shares of Class B Common Stock
----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0- Shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
52,431 Shares of Class A Common Stock
1,964,286 Shares of Class B Common Stock
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.9% of the Shares of Class A Common Stock
12.0% of the Shares of Class B Common Stock
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 6 pages
<PAGE>
CUSIP Nos. 81413P105 and 81413P204 13G Page 3 of 6 Pages
- ------------------------------------- -------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Security Capital Holdings S.A.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Grand Duchy of Luxembourg
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
52,431 Shares of Class A Common Stock
1,964,286 Shares of Class B Common Stock
-------------------------------------------------------------
NUMBER OF 6 SHARES VOTING POWER
SHARES
BENEFICIALLY -0- Shares
OWNED BY -----------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 52,431 Shyares of Class A Common Stock
WITH 1,964,286 Shares of Class B Common Stock
-------------------------------------------------------------
8 SHARES DISPOSITIVE POWER
-0- Shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
52,431 Shares of Class A Common Stock
1,964,286 Shares of Class B Common Stock
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.9% of the Shares of Class A Common Stock
12.0% of the Shares of Class B Common Stock
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 6 pages
<PAGE>
Item 1(a). Name of Issuer:
Security Capital Group Incorporated
(b). Address of Issuer's Principal Executive Offices:
125 Lincoln Avenue, Santa Fe, New Mexico 87501
Item 2(a). Name of Persons Filing:
Security Capital U.S. Realty, a corporation organized and
existing under the laws of the Grand Duchy of Luxembourg
("SC-USREALTY") and Security Capital Holdings S.A., a
corporation organized and existing under the laws of the
Grand Duchy of Luxembourg and a wholly-owned subsidiary
of SC-USREALTY ("Holdings").
(b). Address of Principal Business Office or, if none, residence
of both filing persons:
69, route d'Esch, L-1470 Luxembourg
(c). Citizenship of both filing persons:
Grand Duchy of Luxembourg
(d). Title of Classes of Securities:
Class A Common Stock, $.01 par value per share ("Class A
Shares") Class B Common Stock, $.01 par value per share
("Class B Shares")
(e). CUSIP Numbers:
Class A Shares - 81413P105
Class B Shares - 81413P204
Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b),
check whether the person filing is a:
This statement is not filed pursuant to Rules 13d-1(b) or
13d-2(b) or (c).
Item 4. Ownership.
(a). Amount Beneficially Owned:
Through its wholly-owned subsidiary Holdings, SC-USREALTY
beneficially owns 52,431 Class A Shares and 1,964,286
Class B Shares. The holders of Class A Shares are
entitled to one vote, while the holders of Class B Shares
are entitled to one two-hundredth of a vote, for each
share held of record on all matters submitted to a vote
of shareholders. Each Class A Share can be converted into
50 Class B Shares at the option of the holder.
Page 4 of 6 pages
<PAGE>
(b). Percent of Class:
Approximately 2.9% of the Class A Shares and 12.0% of the
Class B Shares determined in accordance with the
provisions of Rule 13d-1 promulgated under the Act.
(c). Number of shares as to which such person has:
(i). Sole power to vote or to direct the vote:
SC-USREALTY, through its wholly-owned subsidiary
Holdings, has the sole power to vote or direct
the vote of 52,431 Class A Shares and 1,964,286
Class B Shares.
Holdings owns all 52,431 Class A Shares and
1,964,286 Class B Shares beneficially owned by
SC-USREALTY.
Voting and investment decisions with respect to
the Class A Shares and the Class B Shares are
currently made by the Board of Directors of
Holdings at the direction of the Board of
Directors of SC-USREALTY.
(ii). Shared power to vote or to direct the vote:
None.
(iii). Sole power to dispose or to direct the disposition
of:
SC-USREALTY, through its wholly-owned subsidiary
Holdings, has the sole power to dispose or to
direct the disposition of 52,431 Class A Shares
and 1,964,286 Class B Shares.
See also Item 4(c)(i) above.
(iv). Shared power to dispose or to direct the disposition
of:
None.
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company.
Not applicable.
Page 5 of 6 pages
<PAGE>
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of a Group.
Not applicable.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held
for the purpose of and with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are not
held in connection with or as a participant in any transaction having such
purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information in this statement is true, complete
and correct.
Date: March 23, 1998
SECURITY CAPITAL U.S. REALTY
By: /s/ Ariel Amir
---------------------------------
Name: Ariel Amir
Title: Vice President
SECURITY CAPITAL HOLDINGS S.A.
By: /s/ Ariel Amir
__________________________________
Name: Amiel Amir
Title: Vice President
Page 6 of 6 pages
