-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 S3aH1g6yifphuqtJA9gRsRdCkluJq4ryZI4lZHf8wTVHoQn/d90GUVaL58r3cTjy
 xWM5pctzN3Phc45U1S02Zg==

<SEC-DOCUMENT>0001033984-10-000021.txt : 20100304
<SEC-HEADER>0001033984-10-000021.hdr.sgml : 20100304
<ACCEPTANCE-DATETIME>20100304104014
ACCESSION NUMBER:		0001033984-10-000021
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20100304
DATE AS OF CHANGE:		20100304

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LIBERTY PROPERTY TRUST
		CENTRAL INDEX KEY:			0000921112
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				237768996
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-43371
		FILM NUMBER:		10655818

	BUSINESS ADDRESS:	
		STREET 1:		500 CHESTERFIELD PARKWAY
		CITY:			MALVERN
		STATE:			PA
		ZIP:			19355
		BUSINESS PHONE:		6106481700

	MAIL ADDRESS:	
		STREET 1:		500 CHESTERFIELD PARKWAY
		CITY:			MALVERN
		STATE:			PA
		ZIP:			19355

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ROUSE & ASSOCIATES PROPERTY TRUST
		DATE OF NAME CHANGE:	19940421

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ING CLARION REAL ESTATE SECURITIES LLC
		CENTRAL INDEX KEY:			0001033984
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				232802869
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		201 KING OF PRUSSIA RD
		STREET 2:		SUITE 600
		CITY:			RADNOR
		STATE:			PA
		ZIP:			19087
		BUSINESS PHONE:		6109952500

	MAIL ADDRESS:	
		STREET 1:		201 KING OF PRUSSIA ROAD
		STREET 2:		SUITE 600
		CITY:			RADNOR
		STATE:			PA
		ZIP:			19087

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ING CLARION REAL ESTATE SECURITIES/N L.P.
		DATE OF NAME CHANGE:	20050812

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CLARION CRA SECURITIES
		DATE OF NAME CHANGE:	20000811

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CRA REAL ESTATE SECURITIES LP/PA
		DATE OF NAME CHANGE:	19980227
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>liberty022810.txt
<DESCRIPTION>13G AMENDMENT 022810
<TEXT>
APP. E4				REGULATION OF INVESTMENT ADVISORS

CUSIP No. 531172104		 Page 1 of 3 Pages

________________________________________________________________________

1.  NAME OF REPORTING PERSON
     S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
		 ING Clarion Real Estate Securities, LLC			232802869
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)____
(b)____
3. SEC USE ONLY

4. CITIZENSHIP OR PLACE OF ORGANIZATION
201 King of Prussia Rd, Suite 600, Radnor, PA  19087


NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH


5. SOLE VOTING POWER
        5,198,063 shares, sole voting power

6. SHARED VOTING POWER
5,400 shares, shared voting power

7. SOLE DISPOSITIVE POWER
11,302,583 shares, sole dispositive power

8. SHARED DISPOSITIVE POWER
No shares under shared dispositive power

9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,302,583 shares

10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.02%

12.  TYPE OF REPORTING PERSON*
IA














SCHEDULE 13G						APP. E4

			              UNITED STATES
		  SECURITIES AND EXCHANGE COMMISSION
			WASHINGTON, D.C.  20549



				SCHEDULE 13G

			Under the Securities Exchange Act of 1934
			           (Amendment)*
			   	Liberty Property Trust
				(Name of Issuer)
				Ordinary Shares
			          (Title of Class of Securities)
				  531172104
				(Cusip Number)




Sec 1745 (6-88)



					E4-1


Items
Item 1
(a) Liberty Property Trust
(b) 500 Chesterfield Parkway, Malvern, PA  19355

Item 2
(a) ING Clarion Real Estate Securities, LLC
(b) 201 King of Prussia Rd, Suite 600, Radnor, PA  19087
(c) Organized in the State of Delaware
(d) Ordinary Shares
(e) 531172104

Item 3
(a) Investment Adviser registered under section 203 of the
      Investment Advisers Act of 1940

Item 4
(a)  11,302,583 shares
(b) 10.02%
(c)
   (i.)		5,198,063 shares, sole voting power
   (ii.)		5,400 shares, shared voting power
   (iii.)	11,302,583 shares, sole dispositive power
   (iv.)	No shares, shared dispositive power

Item 5
N/A

Item 6
N/A

Item 7
N/A

Item 8
N/A

Item 9
N/A

Item 10
Robert S Tull, Chief Compliance Officer

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----