UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 8)
Avalonbay Communities
(Name of Issuer)
Common Stock
(Title of Class of Securities)
053484101
(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
0
NUMBER
OF SHARES
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
0
EACH
REPORTING
PERSON WITH
7
SOLE DISPOSITIVE POWER
230,803
8
SHARED DISPOSITIVE POWER
0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
230,803
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
0.3%
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
746,717
NUMBER
OF SHARES
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
0
EACH
REPORTING
PERSON WITH
7
SOLE DISPOSITIVE POWER
3,627,330
8
SHARED DISPOSITIVE POWER
0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,627,330
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
Excludes shares beneficially owned by LaSalle Investment Management,
Inc.
11
PERCENT OF
CLASS REPRESENTED BY AMOUNT IN ROW 9
4.3%
12
TYPE OF REPORTING PERSON*
IA
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Item 1.
(a) Name of Issuer
Avalonbay Communities Inc
(b) Address of Issuer's Principal Executive Offices
671 N. Glebe Road, Suite 800
Suite 800
Arlington, VA 22203
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
053484101
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
100 East Pratt Street
Baltimore, MD 21202
(c) Citizenship
Maryland
(d) Title of Class of Securities
Common Stock, $.01 par value per share
(e) CUSIP Number
053484101
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)
(k) ? Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
If filing as a non-U.S. institution in accordance with
Rule 240.13d-1(b)
(1)(ii)(J), please specify the type of institution: ____
* 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
230,803
(b) Percent of Class
0.3%
(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
0
(iii) sole power to dispose or to direct the disposition of
230,803
(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
3,627,330
(b) Percent of Class
4.3%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
746,717
(ii) shared power to vote or to direct the vote
0
(iii) sole power to dispose or to direct the disposition of
3,627,330
(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 X.
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").
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 a
nd 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 7, 2011
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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