Empire State Realty Trust (ESRT): LaSalle discloses 7.64% beneficial ownership stake
Rhea-AI Filing Summary
Empire State Realty Trust, Inc. has a significant shareholder, LaSalle Investment Management Securities LLC, which reported beneficial ownership of 13,105,447 shares of common stock, representing 7.64% of the class. LaSalle has sole voting power over 6,204,280 shares and sole dispositive power over all 13,105,447 shares, with no shared voting or dispositive power.
The shares are held across one or more discretionary accounts managed by LaSalle, and no single account has an interest in more than five percent of the class of securities.
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Key Figures
Beneficial ownership: 13,105,447 shares
Percent of class: 7.64%
Sole voting power: 6,204,280 shares
+2 more
5 metrics
Beneficial ownership
13,105,447 shares
Shares of Empire State Realty Trust, Inc. beneficially owned by LaSalle Investment Management Securities LLC
Percent of class
7.64%
Percentage of ESRT common stock class beneficially owned by LaSalle
Sole voting power
6,204,280 shares
ESRT shares over which LaSalle has sole power to vote or direct the vote
Sole dispositive power
13,105,447 shares
ESRT shares over which LaSalle has sole power to dispose or direct disposition
Ownership threshold
More than 5%
Schedule 13G/A filing reflects holdings above 5% of ESRT’s class
Key Terms
beneficially owned, sole voting power, sole dispositive power, discretionary accounts, +1 more
5 terms
beneficially owned financial
"The securities reported on this Schedule are beneficially owned by one or more discretionary accounts"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole voting power financial
"Sole Voting Power 6,204,280.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
sole dispositive power financial
"Sole Dispositive Power 13,105,447.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
discretionary accounts financial
"beneficially owned by one or more discretionary accounts managed by LaSalle"
percent of class financial
"Percent of class: 7.64 %"
Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.
FAQ
What percentage of Empire State Realty Trust (ESRT) does LaSalle own?
LaSalle Investment Management Securities LLC reports beneficial ownership of 7.64% of Empire State Realty Trust, Inc.’s outstanding common stock, giving it a sizeable but non‑controlling position in the company’s equity.
What dispositive power does LaSalle hold over ESRT stock?
LaSalle holds sole dispositive power over 13,105,447 Empire State Realty Trust, Inc. shares and no shared dispositive power, meaning it alone can decide whether to sell or otherwise dispose of these securities.
Are LaSalle’s ESRT holdings concentrated in a single account?
No. The ESRT securities are beneficially owned by one or more discretionary accounts managed by LaSalle, and no single account has an interest in more than five percent of the class of Empire State Realty Trust, Inc. securities.
AI-generated analysis. How Rhea-AI works. Not financial advice.