-----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, EV8qRiJLu8LK9mmIcaf0DFsZDb2Kybj4uMOAJJO+fSr15770r7SnAj3fA0wECCLZ aJlhC6VjuVrAbPAyBj++JA== 0001006199-97-000081.txt : 19970722 0001006199-97-000081.hdr.sgml : 19970722 ACCESSION NUMBER: 0001006199-97-000081 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970721 SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN INDUSTRIAL PROPERTIES REIT INC CENTRAL INDEX KEY: 0000778437 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 756335572 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-43183 FILM NUMBER: 97643270 BUSINESS ADDRESS: STREET 1: 6220 N BELTLINE RD STREET 2: STE 205 CITY: IRVING STATE: TX ZIP: 75063 BUSINESS PHONE: 2145506053 MAIL ADDRESS: STREET 1: 6220 N BELTLINE ROAD STREET 2: SUITE 205 CITY: IRVING STATE: TX ZIP: 75063 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN INDUSTRIAL PROPERTIES REIT DATE OF NAME CHANGE: 19931203 FORMER COMPANY: FORMER CONFORMED NAME: TRAMMELL CROW REAL ESTATE INVESTORS DATE OF NAME CHANGE: 19931203 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LASALLE ADVISORS LP ET AL CENTRAL INDEX KEY: 0000938417 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 363637257 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 100 EAST PRATT STEET CITY: BALTIMORE STATE: MD ZIP: 21202 MAIL ADDRESS: STREET 2: 100 EAST PRATT ST CITY: BALTIMORE STATE: MD ZIP: 21202 SC 13D 1 STATEMENT OF BENEFICIAL OWNERSHIP UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 American Industrial Properties, REIT (Name of Issuer) Common Stock ($0,10 par value) (Title of Class of Securities) 026791103 (CUSIP Number) - -------------------------------------------------------------------------------- Mr. Stanley J. Kraska, Jr. 200 East Randolph Drive Chicago, Illinois 60603 (312) 782-1560 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) July 10, 1997 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box: |_| - -------------------------------------------------------------------------------- Check the following box if a fee is being paid with this statement: |_| - -------------------------------------------------------------------------------- Page 1 of 12 Pages - -------------------------------------------------------------------------------- CUSIP No.: 026791103 Page 2 of 12 Pages - -------------------------------------------------------------------------------- (1) NAME OF REPORTING PERSON: ABKB/LaSalle Securities Limited Partnership S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 36-3991973 - -------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| - -------------------------------------------------------------------------------- (3) SEC USE ONLY - -------------------------------------------------------------------------------- (4) SOURCE OF FUNDS* OO - -------------------------------------------------------------------------------- (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION Maryland - --------------------------- ---------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER SHARES 3,912,245 ---------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER OWNED BY None ---------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER REPORTING 3,912,245 ---------------------------------------------------- PERSON (10) SHARED DISPOSITIVE POWER WITH None - -------------------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,912,245 - -------------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 16.8% (calculated by dividing (i) the 3,912,245 shares beneficially owned by the Reporting Person by (ii) the 23,289,867 shares of Common Stock outstanding). - -------------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON* IA - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - -------------------------------------------------------------------------------- CUSIP No.: 026791103 Page 3 of 12 Pages - -------------------------------------------------------------------------------- (1) NAME OF REPORTING PERSON: LaSalle Advisors Limited Partnership S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 36-3637257 - -------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| - -------------------------------------------------------------------------------- (3) SEC USE ONLY - -------------------------------------------------------------------------------- (4) SOURCE OF FUNDS* OO - -------------------------------------------------------------------------------- (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - --------------------------- ---------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER SHARES 2,210,204 ---------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER OWNED BY None ---------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER REPORTING 2,210,204 ---------------------------------------------------- PERSON (10) SHARED DISPOSITIVE POWER WITH None - -------------------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,210,204 - -------------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.5% (calculated by dividing (i) the 2,210,204 shares beneficially owned by the Reporting Person by (ii) the 23,289,867 shares of Common Stock outstanding). - -------------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON* IA - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - -------------------------------------------------------------------------------- CUSIP No.: 026791103 Page 4 of 12 Pages - -------------------------------------------------------------------------------- (1) NAME OF REPORTING PERSON: William K. Morrill, Jr. S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: ###-##-#### - -------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- (3) SEC USE ONLY - -------------------------------------------------------------------------------- (4) SOURCE OF FUNDS* OO - -------------------------------------------------------------------------------- (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION United States - --------------------------- ---------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER SHARES 6,122,449 1,2 ---------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER OWNED BY None ---------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER REPORTING 6,122,449 1,2 ---------------------------------------------------- PERSON (10) SHARED DISPOSITIVE POWER WITH None - -------------------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,122,449 1,2 - -------------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 26.3% 1,2 - -------------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - -------------------------------------------------------------------------------- CUSIP No.: 026791103 Page 5 of 12 Pages - -------------------------------------------------------------------------------- (1) NAME OF REPORTING PERSON: Stanley J. Kraska, Jr. S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: ###-##-#### - -------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- (3) SEC USE ONLY - -------------------------------------------------------------------------------- (4) SOURCE OF FUNDS* OO - -------------------------------------------------------------------------------- (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION United States - --------------------------- ---------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER SHARES 6,122,449 1,2 ---------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER OWNED BY None ---------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER REPORTING 6,122,449 1,2 ---------------------------------------------------- PERSON (10) SHARED DISPOSITIVE POWER WITH None - -------------------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,122,449 1,2 - -------------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 26.3% 1,2 - -------------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - -------------------------------------------------------------------------------- CUSIP No.: 026791103 Page 6 of 12 Pages - -------------------------------------------------------------------------------- (1) NAME OF REPORTING PERSON: Keith R. Pauley S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: ###-##-#### - -------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- (3) SEC USE ONLY - -------------------------------------------------------------------------------- (4) SOURCE OF FUNDS* OO - -------------------------------------------------------------------------------- (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION United States - --------------------------- ---------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER SHARES 6,122,449 1,2 ---------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER OWNED BY None ---------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER REPORTING 6,122,449 1,2 ---------------------------------------------------- PERSON (10) SHARED DISPOSITIVE POWER WITH None - -------------------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,122,449 1,2 - -------------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 26.3% 1,2 - -------------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Item 1. Security and Issuer ------------------- The class of equity securities to which this statement on Schedule 13D (this "Statement") relates is the common stock, par value $0.10 per share (the "Common Stock"), of American Industrial Properties, REIT, a Texas real estate investment trust (the "Issuer"), which has its principal executive offices at 6210 North Beltline Road, Suite 170, Irving, Texas 75063. Item 2. Identity and Background ----------------------- This Statement is being filed on behalf of (i) ABKB/LaSalle Securities Limited Partnership ("LaSalle Securities"), (ii) LaSalle Advisors Limited Partnership ("LaSalle Advisors"), and (iii) the following individuals, each of whom is a managing director of LaSalle Securities and LaSalle Advisors: William K. Morrill, Jr., Keith R. Pauley and Stanley J. Kraska, Jr. (the "Managing Directors"). Collectively, LaSalle Securities, LaSalle Advisors, and the Managing Directors are referred to herein as the "Reporting Persons." LaSalle Securities is a limited partnership organized in Maryland and has its principal executive and business offices at 200 East Randolph Drive, Chicago, Illinois 60603. LaSalle Securities is a registered investment advisor that invests in real estate securities for clients. Attached as Exhibit 1 to this filing is a list of the Reporting Persons setting forth, where relevant, the following information with respect to each such person: (i) name, (ii) business address, (iii) citizenship, and (iv) present principal business, occupation or employment and the name and address of any corporation or other organization in which such employment is conducted. Each natural person identified in Exhibit 1 is a United States citizen. During the last five years, neither LaSalle Securities, LaSalle Advisors, nor any of the Managing directors has been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors) or has been subject to a judgment, decree or final order of a judicial or administrative body of competent jurisdiction enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. Information with respect to each Reporting Person is given solely by the respective Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person. Item 3. Source and Amount of Funds or Other Consideration ------------------------------------------------- LaSalle Securities and LaSalle Advisors acquired the securities of the Issuer pursuant to those Common Share Purchase Agreements between each of the limited partnerships, acting as agents for particular clients, and American Industrial Properties, REIT. The funds used to purchase the securities were obtained from clients for whom LaSalle Securities and LaSalle Advisors act as investment advisors. The size of the Board of Directors of American Industrial Properties, REIT was increased to eight (8) Directors, and Stanley J. Kraska, Jr. was elected a Director. Page 7 of 12 Pages Item 4. Purpose of Transaction ---------------------- LaSalle Securities and LaSalle Advisors acquired the securities of the Issuer as an investment in their capacities as agents for particular clients. The Reporting Persons anticipate influencing such control over the Issuer as they deem necessary, convenient and proper to protect such investment. In order to protect their investment, the Reporting Persons may deem it necessary or convenient to acquire, directly, or through the Issuer, additional securities of the Issuer. Except as set forth above, the Reporting Persons do not have as of the date hereof any plans or proposals which relate to or would result in: (a) the acquisition by any person of additional securities of the Issuer or the disposition of securities of the Issuer; (b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation involving the Issuer or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; (d) any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board of directors; (e) any material change in the present capitalization or dividend policy of the Issuer; (f) any other material change in the Issuer's business or corporate structure; (g) any changes in the Issuer's charter, by-laws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person; (h) causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) causing a class of securities of the Issuer to become eligible for termination of registration pursuant to Section 12(g)(4) of the Exchange Act; or (j) any action similar to any of those enumerated above. Notwithstanding anything to the contrary contained herein, the Reporting Persons reserve the right to change their present intentions with respect to the matters described in this paragraph. In reaching any conclusion as to their future course of action, the Reporting Persons will take into consideration various factors regarding the Issuer, such as its business and prospects and general economic conditions and money and stock market conditions. Item 5. Interest in Securities of Issuer -------------------------------- According to information received from the Issuer, 23,289,867 shares of the Common Stock are issued and outstanding (the "Outstanding Shares"). As a group, the Reporting Persons have the sole power to vote and dispose of 6,122,449 shares. For purposes of Rule 13d-3 promulgated under the Exchange Act, the Reporting Persons may be deemed to beneficially own approximately 26.3% of the shares, calculated by dividing (i) the 6,122,449 shares by (ii) the 23,289,867 shares outstanding. Page 8 of 12 Pages Number of Shares Percentage of Reporting Person Beneficially Owned Outstanding Shares - ---------------- ------------------ ------------------ LaSalle Securities 3,912,245 16.8 LaSalle Advisors 2,210,204 9.5 William K. Morrill, Jr. 1,2 6,122,449 26.3 Keith R. Pauley 1,2 6,122,449 26.3 Stanley J. Kraska, Jr. 1,2 6,122,449 26.3 Total 6,122,449 26.3% Item 6. Contracts, Arrangements, Understandings or Relationships with ------------------------------------------------------------- Respect to Securities of the Issuer - ----------------------------------- There are presently no contracts, arrangements, understandings or relationships (legal or otherwise) among the persons filing this Statement, or between such persons and any other person, with respect to any securities of the Issuer, including, but not limited to, transfer or voting of any securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees or profits, division of profits or loss, or the giving or withholding of proxies. Item 7. Material to be filed as Exhibits -------------------------------- None. 1 The Reporting Person disclaims beneficial ownership of those securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for any purpose. As a group, the Reporting Persons have the sole power to vote and dispose of 6,122,449 shares. For purposes of Rule 13d-3 promulgated under the Exchange Act, the Reporting Persons may be deemed to own all 6,122,449 shares. 2 These shares represent the same shares previously listed by ABKB/LaSalle Securities Limited Partnership and LaSalle Advisors Limited Partnership and are not cumulative. Page 9 of 12 Pages 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: July 21, 1997 ABKB/LASALLE SECURITIES LIMITED PARTNERSHIP By /s/ Stanley J. Kraska, Jr. ----------------------------- Name: Stanley J. Kraska, Jr. Title: Managing Director LASALLE ADVISORS LIMITED PARTNERSHIP By /s/ Stanley J. Kraska, Jr. ----------------------------- Name: Stanley J. Kraska, Jr. Title: Managing Director /s/ Keith R. Pauley -------------------------------- Keith R. Pauley /s/ William K. Morrill, Jr. -------------------------------- William K. Morrill, Jr. /s/ Stanley J. Kraska, Jr. -------------------------------- Stanley J. Kraska, Jr. Page 10 of 12 Pages EXHIBIT 1 LaSalle Advisors Limited Partnership provides the following information: (a) Name of Person Filing: LaSalle Advisors Limited Partnership (b) Address of Principal Business 200 East Randolph Drive Office or, if none, Residence: Chicago, Illinois 60603 (c) Citizenship: Delaware (d) Title of Class of Securities Common Stock ABKB/LaSalle Securities Limited Partnership provides the following information: (a) Name of Person Filing: ABKB/LaSalle Securities Limited Partnership (b) Address of Principal Business 200 East Randolph Drive Office or, if none, Residence: Chicago, Illinois 60603 (c) Citizenship: Maryland (d) Title of Class of Securities Common Stock William K. Morrill, Jr. is filing as a managing director of both LaSalle Advisors Limited Partnership and ABKB/LaSalle Securities Limited Partnership and provides the following information solely because of those relationships: (a) Name of Person Filing: William K. Morrill, Jr. (b) Address of Principal Business 200 East Randolph Drive Office or, if none, Residence: Chicago, Illinois 60603 (c) Citizenship: United States (d) Title of Class of Securities Common Stock Page 11 of 12 Pages Keith R. Pauley is filing as a managing director of both LaSalle Advisors Limited Partnership and ABKB/LaSalle Securities Limited Partnership and provides the following information solely because of those relationships. (a) Name of Person Filing: Keith R. Pauley (b) Address of Principal Business 200 East Randolph Drive Office or, if none, Residence: Chicago, Illinois 60603 (c) Citizenship: United States (d) Title of Class of Securities Common Stock Stanley J. Kraska, Jr. is filing as a managing director of both LaSalle Advisors Limited Partnership and ABKB/LaSalle Securities Limited Partnership and provides the following information solely because of those relationships. (a) Name of Person Filing: Stanley J. Kraska, Jr. (b) Address of Principal Business 200 East Randolph Drive if none, Residence: Chicago, Illinois 60603 (c) Citizenship: United States (d) Title of Class of Securities Common Stock Page 12 of 12 Pages -----END PRIVACY-ENHANCED MESSAGE-----