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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. __)*
LaSalle Hotel Properties
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
517942108
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(CUSIP Number)
December 31, 2002
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(Date of Event Which Requires Filing of this Statement)
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)
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to
the subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided
in a prior cover page.
The information required in the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18
of the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the
Notes).
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CUSIP No. 517942108 Page 2 of 4
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Heitman Real Estate Securities LLC
36-4265577
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2. Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) / /
(b) /x/
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3. SEC Use Only
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4. Citizenship or Place of Organization
Delaware
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NUMBER OF
SHARES 5. SOLE VOTING POWER: 1,342,932
BENEFICIALLY ---------------------------------------
OWNED BY 6. SHARED VOTING POWER: -0-
EACH ---------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER: 1,342,932
PERSON ---------------------------------------
WITH 8. SHARED DISPOSITIVE POWER: -0-
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9. Aggregate Amount Beneficially Owned by Each
Reporting Person
1,342,932
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10. Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions)
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11. Percent of Class Represented by Amount in Row (9)
7.18%
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12. Type of Reporting Person (See Instructions)
IA
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CUSIP No. 517942108 Page 3 of 4
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Item 1.
(a) Name of Issuer
LaSalle Hotel Properties
(b) Address of Issuer's Principal Executive Offices
4800 Montgomery Lane
Suite M25
Bethesda, MD 20814
Item 2.
(a) Name of Person Filing
Heitman Real Estate Securities LLC
(b) Address of Principal Business Office or, if none,
Residence
180 North LaSalle Street, Suite 3600
Chicago, Illinois 60601
(c) Citizenship
Delaware
(d) Title of Class of Securities
Common Stock
(e) CUSIP Number
517942108
Item 3. If this statement is filed pursuant to sections
240.13d-1(b) or 240.13d-2(b) or (c), check whether
the person filing is a:
(e) [x] An investment adviser in accordance with
section 240.13d-1(b)(1)(ii)(E);
Item 4. Ownership.
(a) Amount beneficially owned: 1,342,932
(b) Percent of class: 7.18%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the
vote: 1,342,932
(ii) Shared power to vote or to direct
the vote: 0
(iii) Sole power to dispose or to direct the
disposition of: 1,342,932
(iv) Shared power to dispose or to direct the
disposition of: 0
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CUSIP No. 517942108 Page 4 of 4
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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 [ ].
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of
Another Person.
Heitman Real Estate Securities serves as sub-
investment adviser to the PBHG REIT Fund and the
Penn Series Funds, Inc. REIT Fund, registered
investment companies, and 1,451 separate account
clients.
PBHG REIT Fund, a Series of PBHG Funds Trust,
Penn Series Funds, Inc. REIT Fund, a Series of Penn
Series Funds, Inc. and 1,451 separate account clients
have given dispositive power to Heitman Real Estate
Securities LLC and the right to receive or the power
to direct the receipt of dividends from, or proceeds
from the sale of 1,342,932 shares (7.18%) of this
issuer.
Item 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By the
Parent Holding Company or Control Person.
Not applicable
Item 8. Identification and Classification of Members of the
Group
Not applicable
Item 9. Notice of Dissolution of Group
Not applicable
Item 10. Certification
Not applicable
SIGNATURE
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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.
January 21, 2003
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Date
/s/ Nancy B. Lynn
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Nancy B. Lynn, Vice President