UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 8)
Acadia Realty
(Name of Issuer)
Common Stock
(Title of Class of Securities)
004239109
(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)
?
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
Maryland
5
SOLE VOTING POWER
123,349
NUMBER
OF SHARES
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
0
EACH
REPORTING
PERSON WITH
7
SOLE DISPOSITIVE POWER
123,349
8
SHARED DISPOSITIVE POWER
0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
123,349
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
0.4%
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:
36-3991973
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)
?
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
Maryland
5
SOLE VOTING POWER
1,665,399
NUMBER
OF SHARES
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
0
EACH
REPORTING
PERSON WITH
7
SOLE DISPOSITIVE POWER
1,665,399
8
SHARED DISPOSITIVE POWER
0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,665,399
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
Excludes shares beneficially owned by LaSalle Investment Management,
Inc.
11PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.2%
12
TYPE OF REPORTING PERSON*
IA
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Item 1.
(a) Name of Issuer
Acadia Realty Trust
(b) Address of Issuer's Principal Executive Offices
1311 Mamaronek Avenue Suite 260
White Plains, NY 10605
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
411465107
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
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
94856P102
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
123,349
(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
123,349
(ii) shared power to vote or to direct the vote
0
(iii) sole power to dispose or to direct the
disposition of
123,349
(iv) shared power to dispose or to direct the
disposition of
0
LaSalle Investment Management (Securities), L.P. provides
the following
information:
(a) Amount Beneficially Owned
1,665,399
(b) Percent of Class
5.2%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
1,665,399
(ii) shared power to vote or to direct the vote
0
(iii) sole power to dispose or to direct the
disposition of
1,665,399
(iv) shared power to dispose or to direct the
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").
LIMS is a Maryland limited partnership, the
limited partner of which
is LaSalle and the general partner of which is LaSalle
Investment Management
(Securities), Inc., a Maryland corporation, the sole
stockholder of which is
LaSalle. LaSalle and LIMS, 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.
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 14, 2008
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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