UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 Regency Realty Corp. - -------------------------------------------------------------------------------- (NAME OF ISSUER) Common Stock - -------------------------------------------------------------------------------- (TITLE OF CLASS OF SECURITIES) 758939102 ---------------------------------- (CUSIP NUMBER) - -------------------------------------------------------------------------------- CHECK THE APPROPRIATE BOX TO DESIGNATE THE RULE PURSUANT TO WHICH THIS SCHEDULE IS FILED: /X/ RULE 13d-1(b) / / RULE 13d-1(c) / / RULE 13d-1(d) PAGE 1 OF 8 PAGES - ------------------------------------------------------------------------------- CUSIP NO. 758939102 SCHEDULE 13G PAGE 2 OF 8 PAGES - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- (1) NAME OF REPORTING PERSON: LaSalle Advisors Capital Management, Inc. S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 36-4160747 - ------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER (a) /X/ OF A GROUP* (b) / / - ------------------------------------------------------------------------------- (3) SEC USE ONLY - ------------------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION Maryland - ------------------------------------------------------------------------------- NUMBER OF SHARES (5) SOLE VOTING POWER BENEFICIALLY 2,975,468 OWNED BY -------------------------------------------------- EACH REPORTING (6) SHARED VOTING POWER PERSON WITH 7,300 -------------------------------------------------- (7) SOLE DISPOSITIVE POWER 2,975,468 -------------------------------------------------- (8) SHARED DISPOSITIVE POWER 62,200 - ------------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,037,668 - ------------------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / / Excludes shares beneficially owned by ABKB/LaSalle Securities Limited Partnership - ------------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.7% - ------------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON* IA - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - ------------------------------------------------------------------------------- CUSIP NO. 758939102 SCHEDULE 13G PAGE 3 OF 8 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 (a) /X/ OF A GROUP* (b) / / - ------------------------------------------------------------------------------- (3) SEC USE ONLY - ------------------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION Maryland - ------------------------------------------------------------------------------- NUMBER OF SHARES (5) SOLE VOTING POWER BENEFICIALLY 30,500 OWNED BY -------------------------------------------------- EACH REPORTING (6) SHARED VOTING POWER PERSON WITH 69,470 -------------------------------------------------- (7) SOLE DISPOSITIVE POWER 23,200 -------------------------------------------------- (8) SHARED DISPOSITIVE POWER 85,900 - ------------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 109,100 - ------------------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / / Excludes shares beneficially owned by LaSalle Asvisors Capital Management, Inc. - ------------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.4% - ------------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON* IA - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - ------------------------------------------------------------------------------- CUSIP NO. 758939102 SCHEDULE 13G PAGE 4 OF 8 PAGES - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- ITEM 1. (a) Name of Issuer Regency Realty Corp. --------------------------------------------------------------------- (b) Address of Issuer's Principal Executive Offices 121 West Forsyth Street, Suite 200 Jacksonville, FL 32202 --------------------------------------------------------------------- ITEM 2. LaSalle Advisors Capital Management, Inc. provides the following information: (a) Name of Person Filing LaSalle Advisors Capital 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 411465107 --------------------------------------------------------------------- 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 200 East Randolph Drive Chicago, Illinois 60601 --------------------------------------------------------------------- (c) Citizenship Maryland --------------------------------------------------------------------- - ------------------------------------------------------------------------------- CUSIP NO. 758939102 SCHEDULE 13G PAGE 5 OF 8 PAGES - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- (d) Title of Class of Securities Common Stock $.01 par value per share --------------------------------------------------------------------- (e) CUSIP Number 94856P102 --------------------------------------------------------------------- ITEM 3* IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b) OR 13d-2(b) OR (c), 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 of 1940 (e) /X/ 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 Funds; see Section 240.13d-1(b)(1)(ii)(F). (g) / / Parent Holding Company, in accordance with Section 240.13d-1(b)(1)(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 Section 240.13d-1(b)(1)(ii)(J). * This response is provided on behalf of LaSalle Advisors Capital Management, Inc. and ABKB/LaSalle Securities Limited Partnership, 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 Advisors Capital Management Inc. provides the following information: (a) Amount Beneficially Owned 3,037,668 --------------------------------------------------------------------------- - ------------------------------------------------------------------------------- CUSIP NO. 758939102 SCHEDULE 13G PAGE 6 OF 8 PAGES - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- (b) Percent of class: 10.7% --------------------------------------------------------------------------- (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 2,975,468 ----------------------------------------------------------------- (ii) shared power to vote or to direct the vote 7,300 ----------------------------------------------------------------- (iii) sole power to dispose or to direct the disposition of 2,975,468 ----------------------------------------------------------------- (iv) shared power to dispose or to direct the disposition of 62,200 ----------------------------------------------------------------- ABKB/LaSalle Securities Limited Partnership provides the following information: (a) Amount Beneficially Owned 109,100 --------------------------------------------------------------------------- (b) Percent of class: 0.4% --------------------------------------------------------------------------- (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 30,500 ----------------------------------------------------------------- (ii) shared power to vote or to direct the vote 69,470 ----------------------------------------------------------------- (iii) sole power to dispose or to direct the disposition of 23,200 ----------------------------------------------------------------- (iv) shared power to dispose or to direct the disposition of 85,900 ----------------------------------------------------------------- - ------------------------------------------------------------------------------- CUSIP NO. 758939102 SCHEDULE 13G PAGE 7 OF 8 PAGES - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 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 Capital Management, Inc. ("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. 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. - ------------------------------------------------------------------------------- CUSIP NO. 758939102 SCHEDULE 13G PAGE 8 OF 8 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: February 11, 1999 LASALLE ADVISORS CAPITAL MANAGEMENT, INC. By: /s/ William K. Morrill, Jr. ------------------------------------- Name: William K. Morrill, Jr. Title: Managing Director ABKB/LASALLE SECURITIES LIMITED PARTNERSHIP By: /s/ William K. Morrill, Jr. ------------------------------------- Name: William K. Morrill, Jr. Title: Managing Director