UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 8)
Essex Property Trust
(Name of Issuer)
Common Stock
(Title of Class of Securities)
297178105
(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
162,881
NUMBER
OF SHARES
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
0
EACH
REPORTING
PERSON WITH
7
SOLE DISPOSITIVE POWER
162,881
8
SHARED DISPOSITIVE POWER
0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
162,881
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
0.6%
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
1,893,962
NUMBER
OF SHARES
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
0
EACH
REPORTING
PERSON WITH
7
SOLE DISPOSITIVE POWER
1,893,962
8
SHARED DISPOSITIVE POWER
0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,893,962
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
7.5%
12
TYPE OF REPORTING PERSON*
IA
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Item 1.
(a) Name of Issuer
Essex Property Trust
(b) Address of Issuer's Principal Executive Offices
925 East Meadow Drive
Palo Alto, CA 94303
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
162,881
(b) Percent of Class
0.6%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
162,881
(ii) shared power to vote or to direct the vote
0
(iii) sole power to dispose or to direct the
disposition of
162,881
(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
1,893,962
(b) Percent of Class
7.5%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
1,893,962
(ii) shared power to vote or to direct the vote
0
(iii) sole power to dispose or to direct the
disposition of
1,893,962
(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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