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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Regency Realty Corp.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
758939-10-2
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(CUSIP Number)
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Check the following box if a fee is being paid with this statement: [ ]
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Page 1 of 11 Pages
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CUSIP No. 758939-10-2 Schedule 13G Page 2 of 11 Pages
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1 NAME OF REPORTING PERSON: LaSalle Advisors Limited Partnership
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 36-3637257
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
0
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6 SHARED VOTING POWER
32,200
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 0
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8 SHARED DISPOSITIVE POWER
1,804,730 (1)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,804,730 (1)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
x Excludes shares beneficially owned by ABKB/LaSalle Securities Limited
Partnership, see page 3.
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.76% (1)
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12 TYPE OF REPORTING PERSON*
IA
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 758939-10-2 Schedule 13G Page 3 of 11 Pages
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1 NAME OF REPORTING PERSON: ABKB/LaSalle Securities Limited Partnership
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 36-3991973
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Maryland
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5 SOLE VOTING POWER
36,800
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NUMBER 6 SHARED VOTING POWER
OF SHARES
BENEFICIALLY 95,860
OWNED BY
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 36,800
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8 SHARED DISPOSITIVE POWER
149,550
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
186,350
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.21$ (1)
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12 TYPE OF REPORTING PERSON*
IA
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 758939-10-2 Schedule 13G Page 4 of 11 Pages
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1 NAME OF REPORTING PERSON: William K. Morrill, Jr.
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5 SOLE VOTING POWER
36,800 (2, 3)
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NUMBER 6 SHARED VOTING POWER
OF SHARES
BENEFICIALLY 128,060 (2, 3)
OWNED BY
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 36,800 (2, 3)
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8 SHARED DISPOSITIVE POWER
1,954,280 (1, 2, 3)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,991,080 (1, 2, 3)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.98% (1, 2, 3)
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 758939-10-2 Schedule 13G Page 5 of 11 Pages
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1 NAME OF REPORTING PERSON: Keith R. Pauley
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
-----------------------------------------------------------------------
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5 SOLE VOTING POWER
36,800 (2, 3)
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NUMBER 6 SHARED VOTING POWER
OF SHARES
BENEFICIALLY 128,060 (2, 3)
OWNED BY
----- ----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 36,800 (2, 3)
----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,954,280 (1, 2, 3)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,991,080 (1, 2, 3)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.98% (1, 2, 3)
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 758939-10-2 Schedule 13G Page 6 of 11 Pages
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Item 1.
(a) Name of Issuer: Regency Realty Corp.
(b) Address of Issuer's Principal Executive Offices
11 Burtis Avenue, New Canaan, Connecticut 06840
Item 2.
LaSalle Advisors Limited Partnership provides the following information:
(a) Name of Person Filing: LaSalle Advisors Limited Partnership
(b) Address of Principal Business Office or, if none, Residence
11 South LaSalle Street, Chicago, Illinois 60603
(c) Citizenship: Delaware
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 161739107
ABKB/LaSalle Securities Limited Partnership provides the following
information:
(a) Name of Person Filing: ABKB/LaSalle Securities
Limited Partnership
(b) Address of Principal Business Office or, if none, Residence
11 South LaSalle Street, Chicago, Illinois 60603
(c) Citizenship: Maryland
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 053469102
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CUSIP No. 758939-10-2 Schedule 13G Page 7 of 11 Pages
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William K. Morrill, Jr. is filing as an employee 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 Office or, if none, Residence
11 S. LaSalle Street, Chicago, Illinois 60603
(c) Citizenship: United States
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 053469102
Keith R. Pauley is filing as an employee 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 Office or, if none, Residence
11 S. LaSalle Street, Chicago, Illinois 60603
(c) Citizenship: United States
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 053469102
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CUSIP No. 758939-10-2 Schedule 13G Page 8 of 11 Pages
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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) [X](3) 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 ss.240.13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with
ss.240.13d-1(b)(ii)(G) (Note: See Item 7)
(h) [ ] Group, in accordance with ss.240.13d-1(b)(1)(ii)(H)
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3 This response is provided on behalf of LaSalle Advisors Limited
Partnership and ABKB/LaSalle Securities Limited Partnership, each an investment
adviser registered under Section 203 of the Investment Advisers Act of 1940, and
two of their employees, William K. Morrill, Jr. and Keith R. Pauley.
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 Advisors Limited Partnership provides the following information:
(a) Amount Beneficially Owned: 1,804,730(1)
(b) Percent of Class: 11.76% (1)
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 0
(ii) shared power to vote or to direct the vote: 32,200
(iii) sole power to dispose or to direct the disposition of: 0
(iv) shared power to dispose or to direct the
disposition of: 1,804,730(1)
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CUSIP No. 758939-10-2 Schedule 13G Page 9 of 11 Pages
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ABKB/LaSalle Securities Limited Partnership provides the following
information:
(a) Amount Beneficially Owned: 186,350
(b) Percent of Class: 1.21% (1)
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 36,800
(ii) shared power to vote or to direct the vote: 95,860
(iii) sole power to dispose or to direct the disposition of: 36,800
(iv) shared power to dispose or to direct the
disposition of: 149,550
William K. Morrill, Jr. is filing as an employee of both LaSalle Advisors
Limited Partnership and ABKB/LaSalle Securities Limited Partnership and provides
the following information solely because of those relationships:
(a) Amount Beneficially Owned: 1,991,080 (1, 2, 3)
(b) Percent of Class: 12.98% (1, 2, 3)
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 36,800 (2, 3)
(ii) shared power to vote or to direct the vote: 128,060(2, 3)
(iii) sole power to dispose or to direct the disposition of:36,800(2, 3)
(iv) shared power to dispose or to direct the
disposition of: 1,954,280(1, 2, 3)
Keith R. Pauley is filing as an employee of both LaSalle Advisors Limited
Partnership and ABKB/LaSalle Securities Limited Partnership and provides the
following information solely because of those relationships:
(a) Amount Beneficially Owned: 1,991,080(1, 2, 3)
(b) Percent of Class: 12.98%(1, 2, 3)
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 36,800(2, 3)
(ii) shared power to vote or to direct the vote: 128,060(2, 3)
(iii) sole power to dispose or to direct the
disposition of: 36,800(2, 3)
(iv) shared power to dispose or to direct the
disposition of: 1,954,280(1, 2, 3)
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1 Includes 1,723,830 limited partnership units in Regency Retail
Partnership, L.P., which may be redeemed at any time for shares of Common Stock
of Regency Realty Corp.
2 The reporting person disclaims beneficial ownership of these
securities, and this report shall not be deemed an admission that the reporting
person is the beneficial owner of such securities for any purpose.
3 These shares represent the same shares previously listed in the
aggregate, by LaSalle Advisors Limited Partnership and ABKB/LaSalle Securities
Limited Partnership and are not cumulative.
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CUSIP No. 758939-10-2 Schedule 13G Page 10 of 11 Pages
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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 Advisors Limited Partnership
("LaSalle") and ABKB/LaSalle Securities Limited Partnership ("ABKB/LaSalle").
ABKB/LaSalle is a Maryland limited partnership, the limited partner of
which is LaSalle and the General partner of which is ABKB/LaSalle Securities,
Inc., a Maryland corporation, the sole stockholder of which is LaSalle. LaSalle
and ABKB/LaSalle, each registered investment advisers, have different advisory
clients. Messrs. William K. Morrill, Jr. and Keith R. Pauley are responsible for
the securities investment decisions made by LaSalle and ABKB/LaSalle on behalf
of their clients.
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.
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CUSIP No. 758939-10-2 Schedule 13G Page 11 of 11 Pages
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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: May 9, 1997
LASALLE ADVISORS LIMITED PARTNERSHIP
By: s/William K. Morrill, Jr.
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Name:William K. Morrill, Jr.
Title: Managing Director
ABKB/LASALLE SECURITIES LIMITED PARTNERSHIP
By: s/William K. Morrill, Jr.
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Name:William K. Morrill, Jr.
Title: Managing Director
s/Keith R. Pauley
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Keith R. Pauley
s/William K. Morrill, Jr.
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William K. Morrill, Jr.