UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
BRE Properties
(Name of Issuer)
Common Stock
(Title of Class of Securities)
05564E106
(CUSIP Number)
Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
Page 1 of 8 Pages
1
NAME OF REPORTING PERSON:
LaSalle Investment Management, Inc.
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
36-4160747
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
?
(b)
SEC USE ONLY
4
CITIZENSHIP OR PLACE
OF ORGANIZATION
Maryland
5
SOLE VOTING POWER
155,044
NUMBER
OF SHARES
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
0
EACH
REPORTING
PERSON WITH
7
SOLE DISPOSITIVE POWER
405,600
8
SHARED DISPOSITIVE POWER
0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
405,600
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
Excludes shares beneficially owned by LaSalle Investment
Management (Securities), L.P.
11
PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW 9
0.7%
12
TYPE OF REPORTING PERSON*
IA
*SEE INSTRUCTIONS BEFORE FILLING OUT!
1
NAME OF REPORTING PERSON:
LaSalle Investment Management (Securities), L.P.
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
36-39919732
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) SEC USE ONLY
4
CITIZENSHIP OR PLACE OF
ORGANIZATION
Maryland
5
SOLE VOTING POWER
616,531
NUMBER
OF SHARES
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
0
EACH
REPORTING
PERSON WITH
7
SOLE DISPOSITIVE POWER
3,009,680
8
SHARED DISPOSITIVE POWER
0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
3,009,680
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
Excludes shares beneficially owned by LaSalle Investment
Management, Inc.
11
PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9
5.5%
12
TYPE OF REPORTING PERSON*
IA
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Item 1.
(a) Name of Issuer
BRE Properties
(b) Address of Issuer's Principal Executive
Offices
525 Market Street
San Francisco, CA 94105-2712
Item 2.
LaSalle Investment Management, Inc. provides the
following information:
(a) Name of Person Filing
LaSalle Investment Management, Inc.
(b) Address of Principal Business Office or,
if none, Residence
200 East Randolph Drive
Chicago, Illinois 60601
(c) Citizenship
Maryland
(d) Title of Class of Securities
Common Stock, $.01 par value per share
(e) CUSIP Number
05564E106
LaSalle Investment Management (Securities), L.P.
provides the following information:
(a) Name of Person Filing
LaSalle Investment Management (Securities), L.P.
(b) Address of Principal Business Office or, if
none, Residence
100 East Pratt Street
Baltimore, MD 21202
(c) Citizenship
Maryland
(d) Title of Class of Securities
Common Stock, $.01 par value per share
(e) CUSIP Number
05564E106
Item 3.* If this statement is filed pursuant to Rule 13d-1(b),
or 13d-2(b), check whether the person filing is a:
(a) ? Broker or Dealer registered under Section 15 of
the Act
(b) ? Bank as defined in Section 3(a)(6) of the Act
(c) ? Insurance Company as defined in Section 3(a)(19)
of the Act
(d) ? Investment Company registered under Section 8 of the
Investment Company Act
(e) Investment Adviser registered under Section 203
of the Investment Advisers Act of 1940
(f) ? Employee Benefit Plan, Pension Fund which is subject
to the provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund; see 240.13d-1(b)(1)(ii)(F)
(g) ? Parent Holding Company, in accordance with 240.13d-1(b)(ii)
(G) (Note: See Item 7)
(h) ? A savings association as defined in section 3(b) of the
Federal Deposit Insurance Act
(i) ? A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment Company Act
of 1940
(j) ? Group, in accordance with 240.13d-1(b)-1(ii)(J)
* This response is provided on behalf of LaSalle Investment
* Management, Inc. and LaSalle Investment Management (Securities),
* L.P., each an investment adviser under Section 203 of the
* Investment Advisers Act of 1940.
Item 4. Ownership
If the percent of the class owned, as of December 31 of
the year
covered by the statement, or as of the last day of any month
described in Rule 13d-1(b)(2), if applicable, exceeds five
percent, provide the following information as of that date
and identify those shares which there is a right to acquire.
LaSalle Investment Management, Inc. provides the following
information:
(a) Amount Beneficially Owned
405,600
(b) Percent of Class
0.7%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
155,044
(ii) shared power to vote or to direct the vote
0
(iii) sole power to dispose or to direct the
disposition of
405,600
(iv) shared power to dispose or to direct the
(v) disposition of
0
LaSalle Investment Management (Securities), L.P. provides
the following information:
(a) Amount Beneficially Owned
3,009,680
(b) Percent of Class
5.5%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
616,531
(ii) shared power to vote or to direct the vote
0
(iii) sole power to dispose or to direct the
disposition of
3,009,680
(iv) shared power to dispose or to direct the
(v) disposition of
0
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that
as of the date hereof the reporting person has ceased to be
the beneficial owner of more than five percent of the class
of securities, check the following ?.
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.
Item 8. Identification and Classification of Members of the Group
The two members of the Group are: LaSalle Investment
Management, Inc. ("LaSalle") and LaSalle Investment Management
(Securities), L.P. ("LIMS").
Item 9. Notice of Dissolution of 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
acquired in the ordinary course of business and were not
acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such
securities and were not acquired in connection with or
as a participant in any transaction having such purposes
or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in this
Statement is true, complete and correct.
The parties agree that this statement is filed on behalf
of each of them.
Dated: February 5, 2010
LASALLE INVESTMENT
MANAGEMENT, INC.
By:/s/ Marci S. McCready _________________
Name: Marci S. McCready
Title: Vice President
LASALLE INVESTMENT
MANAGEMENT
(SECURITIES), L.P.
By:/s/ Marci S. McCready__________________
Name: Marci S. McCready
Title: Vice President
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