The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Abbott Laboratories COM 002824100 20,530 588,600 SH   SOLE 1 489,100 0 99,500
Abbvie Inc COM 00287Y109 198 4,800 SH   SOLE 1 0 0 4,800
Acadia Realty Trust COM 004239109 30,041 1,216,721 SH   SOLE 1 0 0 1,216,721
Accenture Plc COM G1151C101 72 1,000 SH   SOLE 1 0 0 1,000
Access Midstream Partners LP COM 00434L109 28,073 588,540 SH   SOLE 1 588,540 0 0
Agco Corp COM 001084102 492 9,794 SH   SOLE 1 9,794 0 0
AGIC Convertible & Income FD II COM 018825109 10,849 1,285,480 SH   SOLE 1 1,285,480 0 0
AGIC Convertible & Income Fund COM 018828103 15,164 1,653,600 SH   SOLE 1 1,653,600 0 0
Alexander's Inc. COM 014752109 21,501 73,205 SH   SOLE 1,3 67,706 0 5,499
Alexandria Real Estate Equities COM 015271109 277,419 4,221,227 SH   SOLE 1,3 2,883,734 0 1,337,493
Alliance Holdings GP LP COM 01861G100 18 280 SH   SOLE 1 280 0 0
AllianceBernstein Global High Income Fund COM 01879R106 5,962 396,700 SH   SOLE 1 396,700 0 0
AllianceBernstein Income Fund COM 01881E101 2,055 275,418 SH   SOLE 1 275,418 0 0
Alpine Global Premier Properties Fund COM 02083A103 4,826 634,111 SH   SOLE 1 634,111 0 0
Alpine Total Dynamic Dividend Fund COM 021060108 2,229 570,100 SH   SOLE 1 570,100 0 0
American Assets Trust Inc COM 024013104 143,225 4,641,106 SH   SOLE 1,2,3 3,653,842 0 987,264
American Express Co. COM 025816109 43,569 582,780 SH   SOLE 1 510,480 0 72,300
American International Group COM 026874784 61,722 1,380,800 SH   SOLE 1 1,198,600 0 182,200
American Tower Corp COM 03027X100 157,416 2,151,371 SH   SOLE 1 2,151,371 0 0
American Water Works Co. Inc. COM 030420103 25,801 625,785 SH   SOLE 1 625,785 0 0
Ameriprise Finl Inc COM 03076C106 47,068 581,950 SH   SOLE 1 500,050 0 81,900
Amgen Inc. COM 031162100 2,200 22,300 SH   SOLE 1 5,900 0 16,400
Anadarko Petroleum Corp. COM 032511107 601 6,991 SH   SOLE 1 6,991 0 0
Anheuser Busch InBev NV ADR 03524A108 24,829 275,080 SH   SOLE 1 272,930 0 2,150
Apache Corp. COM 037411105 67,794 808,713 SH   SOLE 1 732,363 0 76,350
Apartment Investment & Management Co. COM 03748R101 417,504 13,898,268 SH   SOLE 1,2,3 9,051,113 0 4,847,155
Apple Inc. COM 037833100 69,799 176,225 SH   SOLE 1 145,510 0 30,715
Ashford Hospitality Pr.E PFD 044103505 12,555 476,641 SH   SOLE 1 425,000 0 51,641
AT&T Inc. COM 00206R102 65,025 1,836,877 SH   SOLE 1 1,697,877 0 139,000
Atlas Pipeline Partners LP COM 049392103 22 579 SH   SOLE 1 579 0 0
Atmos Energy Corp. COM 049560105 17,017 414,447 SH   SOLE 1 414,447 0 0
Avago Technologies L COM Y0486S104 1,106 29,600 SH   SOLE 1 29,600 0 0
Avalonbay Communities Inc COM 053484101 150,882 1,118,388 SH   SOLE 1 214,855 0 903,533
AVIV Reit Inc COM 05381L101 14,000 553,591 SH   SOLE 1 553,591 0 0
Bank of America 7.25% CV (BAC L) PFD 060505682 10,895 9,811 SH   SOLE 1 9,811 0 0
Bank Of America Corp. COM 060505104 67,273 5,231,200 SH   SOLE 1 4,686,300 0 544,900
Bank Of New York Mellon Corp. COM 064058100 14,258 508,300 SH   SOLE 1 504,200 0 4,100
Barclays Bank 7.10% (BCS A) PFD 06739H776 206 8,243 SH   SOLE 1 8,243 0 0
Barclays Bank 7.75% (BCS C) PFD 06739H511 14,742 569,534 SH   SOLE 1 569,520 0 14
Barclays Bank 8.125% (BCS D) PFD 06739H362 164 306 SH   SOLE 1 300 0 6
Barclays Bank PLC 6.625% (BCS) PFD 06739F390 252 10,200 SH   SOLE 1 10,200 0 0
Becton Dickinson & Co. COM 075887109 4,240 42,900 SH   SOLE 1 0 0 42,900
BioMed Realty Trust Inc. COM 09063H107 51,758 2,558,471 SH   SOLE 1 0 0 2,558,471
Blackrock Build Amer Bd COM 09248X100 467 23,100 SH   SOLE 1 23,100 0 0
Blackrock Corporate High Yield Fund 6 COM 09255P107 389 32,500 SH   SOLE 1 32,500 0 0
Blackrock Debt Strategies Fund COM 09255R103 354 83,300 SH   SOLE 1 83,300 0 0
Blackrock Health Sciences Trust COM 09250W107 1,703 54,800 SH   SOLE 1 54,800 0 0
Blackrock Inc. COM 09247X101 34,217 133,217 SH   SOLE 1 122,044 0 11,173
Blackrock Limited Duration Income Trust COM 09249W101 1,703 96,800 SH   SOLE 1 96,800 0 0
Blackrock Real Asset Equity COM 09254B109 3,900 448,800 SH   SOLE 1 448,800 0 0
Blackstone Mortgage Trust Inc COM 09257W100 88 3,572 SH   SOLE 1 3,572 0 0
Boardwalk Pipeline Partners LP COM 096627104 20,481 678,195 SH   SOLE 1 678,195 0 0
Boston Properties Inc. COM 101121101 385,014 3,650,457 SH   SOLE 1,2,3 1,481,526 0 2,168,931
BRE Properties Inc. COM 05564E106 338,129 6,759,877 SH   SOLE 1,2,3 4,273,151 0 2,486,726
Breitburn Energy Partners LP COM 106776107 14 750 SH   SOLE 1 750 0 0
Bristol-Myers Squibb Co. COM 110122108 147 3,300 SH   SOLE 1 0 0 3,300
Brookfield Asset Management Inc COM 112585104 5,688 158,733 SH   SOLE 1 0 0 158,733
Buckeye Partners LP COM 118230101 33,848 482,440 SH   SOLE 1 482,440 0 0
Calamos Convertible & High Income Fund COM 12811P108 1,859 150,030 SH   SOLE 1 150,030 0 0
Calumet Specialty Products Partners LP COM 131476103 3,528 96,970 SH   SOLE 1 96,970 0 0
Camden Property Trust COM 133131102 65,836 952,208 SH   SOLE 1 0 0 952,208
Canadian Natl Railway COM 136375102 1,340 13,800 SH   SOLE 1 13,800 0 0
CBL & Associates Properties COM 124830100 173,886 8,117,905 SH   SOLE 1,2,3 6,998,063 0 1,119,842
CBRE Clarion Global Real Estate Income Fund COM 12504G100 4,602 510,212 SH   SOLE 1 510,212 0 0
Cedar Realty Trust COM 150602209 27,878 5,381,882 SH   SOLE 1,3 5,026,125 0 355,757
CenterPoint Energy Inc. COM 15189T107 26,432 1,125,238 SH   SOLE 1 1,125,238 0 0
Central GoldTrust COM 153546106 1,167 26,400 SH   SOLE 1 26,400 0 0
Cheniere Energy Partners LP COM 16411Q101 19,074 638,125 SH   SOLE 1 638,125 0 0
Chevron Corp. COM 166764100 113,510 959,183 SH   SOLE 1 847,283 0 111,900
Chubb Corp COM 171232101 32,276 381,291 SH   SOLE 1 326,891 0 54,400
Cia De Saneamento Basico ADR ADR 20441A102 5,359 514,753 SH   SOLE 1 514,753 0 0
Cisco Systems Inc. COM 17275R102 74,974 3,084,100 SH   SOLE 1 2,597,800 0 486,300
Citigroup Inc. COM 172967424 71,321 1,486,788 SH   SOLE 1 1,385,388 0 101,400
Clearbridge Energy Mlp COM 184692101 1,188 42,200 SH   SOLE 1 42,200 0 0
Clearbridge Energy MLP Opportunity Fd COM 18469P100 3,059 126,300 SH   SOLE 1 126,300 0 0
Clough Global Opportunities Fund COM 18914E106 3,678 285,800 SH   SOLE 1 285,800 0 0
CMS Energy Corp COM 125896100 13,735 505,525 SH   SOLE 1 505,525 0 0
Coach Inc COM 189754104 27,226 476,900 SH   SOLE 1 429,500 0 47,400
Colonial Properties Trust COM 195872106 70,383 2,918,048 SH   SOLE 1,2,3 2,401,624 0 516,424
Colony Financial Inc. COM 19624R106 45,228 2,273,910 SH   SOLE 1 2,270,881 0 3,029
Comerica Inc. COM 200340107 25,325 635,825 SH   SOLE 1 631,125 0 4,700
Commonwealth REIT Pfd. D PFD 203233408 53,434 2,309,717 SH   SOLE 1 517,056 0 1,792,661
Commonwealth REIT Pr. E PFD 203233606 41,616 1,658,000 SH   SOLE 1 0 0 1,658,000
Consol Energy Inc COM 20854P109 468 17,257 SH   SOLE 1 17,257 0 0
Corenergy Infrastructure Trust, Inc. COM 21870U205 8,249 1,185,257 SH   SOLE 1 1,185,257 0 0
Corning Inc. COM 219350105 41,421 2,910,811 SH   SOLE 1 2,530,517 0 380,294
Corporate Office Properties COM 22002T108 263,504 10,333,484 SH   SOLE 1,2,3 6,120,911 0 4,212,573
Costco Wholesale Corp. COM 22160K105 19,250 174,100 SH   SOLE 1 133,800 0 40,300
Cousins Properties Inc. COM 222795106 88,041 8,716,917 SH   SOLE 1,3 8,008,217 0 708,700
Covidien PLC COM G2554F113 43,642 694,495 SH   SOLE 1 603,245 0 91,250
Crosstex Energy LP COM 22765U102 6,951 337,100 SH   SOLE 1 337,100 0 0
Crown Castle International Corp. COM 228227104 127,254 1,757,893 SH   SOLE 1 1,757,893 0 0
CubeSmart COM 229663109 291,982 18,271,714 SH   SOLE 1,2,3 11,706,185 0 6,565,529
CVS Caremark Corp. COM 126650100 71,404 1,248,760 SH   SOLE 1 1,090,260 0 158,500
DCP Midstream Partners LP COM 23311P100 29 540 SH   SOLE 1 540 0 0
DCT Industrial Trust Inc. COM 233153105 25,193 3,523,454 SH   SOLE 1,3 1,948,147 0 1,575,307
DDR Corp. COM 23317H102 527,606 31,688,045 SH   SOLE 1,2,3 16,025,938 0 15,662,107
Deere & Co COM 244199105 46,264 569,408 SH   SOLE 1 506,208 0 63,200
Devon Energy Corp. COM 25179M103 60,427 1,164,753 SH   SOLE 1 1,068,253 0 96,500
Diamondrock Hospitality Co. COM 252784301 101,014 10,838,379 SH   SOLE 1 0 0 10,838,379
Digital Realty Trust Inc. COM 253868103 406,016 6,656,006 SH   SOLE 1,2,3 4,115,508 0 2,540,498
DNP Select Income Fund COM 23325P104 4,227 430,468 SH   SOLE 1 430,468 0 0
Douglas Emmett Inc. COM 25960P109 351,145 14,073,953 SH   SOLE 1,2,3 9,814,190 0 4,259,763
Dow Chemical COM 260543103 701 21,800 SH   SOLE 1 17,800 0 4,000
DR Horton Inc. COM 23331A109 71,015 3,337,180 SH   SOLE 1 2,917,205 0 419,975
Duke Energy Corp. COM 26441C204 50,187 743,512 SH   SOLE 1 743,512 0 0
Duke Realty Corp. COM 264411505 461,888 29,627,189 SH   SOLE 1,2,3 17,138,056 0 12,489,133
Eastman Chemical Company COM 277432100 26,947 384,900 SH   SOLE 1 337,100 0 47,800
Eaton Vance Floating Rate Income Trust COM 278279104 2,486 150,008 SH   SOLE 1 150,008 0 0
Eaton Vance Limited Duration Fund COM 27828H105 2,518 157,837 SH   SOLE 1 157,837 0 0
Eaton Vance Senior Income Tr COM 27826S103 2,012 267,587 SH   SOLE 1 267,587 0 0
Eaton Vance Sr Fltg Rate Trust COM 27828Q105 1,323 81,300 SH   SOLE 1 81,300 0 0
Eaton Vance T/A Global Dividend Income COM 27828S101 8,026 532,200 SH   SOLE 1 532,200 0 0
Eaton Vance T/M Buy-Write Opportunity COM 27828Y108 15,376 1,178,272 SH   SOLE 1 1,178,272 0 0
Eaton Vance Tax Adv Global Dividend O COM 27828U106 7,132 318,100 SH   SOLE 1 318,100 0 0
Eaton Vance Tax Man Global Br COM 27829C105 5,308 477,365 SH   SOLE 1 477,365 0 0
Eaton Vance Tax-Adv Dvd. Inc. Fund COM 27828G107 18,438 1,009,751 SH   SOLE 1 1,009,751 0 0
Eaton Vance Tax-Managed Dividend COM 27828N102 16,594 1,631,617 SH   SOLE 1 1,631,617 0 0
Eaton Vance Tax-Managed Global COM 27829F108 18,643 2,011,062 SH   SOLE 1 2,011,062 0 0
El Paso Pipeline Partners LP COM 283702108 17,917 410,290 SH   SOLE 1 410,290 0 0
Emeritus Corp COM 291005106 28,138 1,213,899 SH   SOLE 1 1,213,899 0 0
Enbridge Energy Mana COM 29250X103 37,377 1,234,388 SH   SOLE 1 1,234,388 0 0
Enbridge Energy Partners LP COM 29250R106 53 1,741 SH   SOLE 1 1,741 0 0
Enbridge Inc COM 29250N105 90,748 2,165,457 SH   SOLE 1 2,165,457 0 0
Energy Select Sector Spdr COM 81369Y506 3,291 42,000 SH   SOLE 1 42,000 0 0
Energy Transfer Equity Lp COM 29273V100 31,295 523,152 SH   SOLE 1 523,152 0 0
Energy Transfer Partners LP COM 29273R109 32,205 637,215 SH   SOLE 1 637,215 0 0
Ensco PLC COM G3157S106 2,057 35,400 SH   SOLE 1 35,400 0 0
Enterprise Products Partners COM 293792107 98,802 1,589,742 SH   SOLE 1 1,589,742 0 0
EPR Properties 9% E PFD 26884U307 10,269 319,616 SH   SOLE 1 211,000 0 108,616
EQT Midstream Partners LP COM 26885B100 31,678 648,465 SH   SOLE 1 648,465 0 0
Equity Lifestyle Properties COM 29472R108 208,422 2,652,018 SH   SOLE 1,2,3 2,141,332 0 510,686
Equity Residential COM 29476L107 1,124,328 19,364,936 SH   SOLE 1,2,3 10,832,699 0 8,532,237
Essex Property Trust Inc. COM 297178105 321,590 2,023,596 SH   SOLE 1,3 1,280,885 0 742,711
EV Energy Partner LP COM 26926V107 32 850 SH   SOLE 1 850 0 0
Exelon Corp. COM 30161N101 35,666 1,154,992 SH   SOLE 1 1,154,992 0 0
Exterran Partners Lp COM 30225N105 5,539 183,460 SH   SOLE 1 183,460 0 0
Extra Space Storage Inc. COM 30225T102 373,297 8,902,853 SH   SOLE 1,2,3 4,798,435 0 4,104,418
Exxon Mobil Corp. COM 30231G102 92,848 1,027,647 SH   SOLE 1 903,947 0 123,700
Federal Realty Investment Trust COM 313747206 176,300 1,700,428 SH   SOLE 1 0 0 1,700,428
Financial Select Sector SPDR COM 81369Y605 1,475 75,700 SH   SOLE 1 75,700 0 0
First Industrial Realty Trust COM 32054K103 192,950 12,719,164 SH   SOLE 1,2,3 6,359,853 0 6,359,311
First Trust Aberdeen Global Fund COM 337319107 1,830 118,600 SH   SOLE 1 118,600 0 0
First Trust Energy Income and Growth Fund COM 33738G104 11,818 347,780 SH   SOLE 1 347,780 0 0
First Trust Energy Infra. COM 33738C103 1,436 60,300 SH   SOLE 1 60,300 0 0
First Trust MLP and Energy Inc COM 33739B104 6,785 331,639 SH   SOLE 1 331,639 0 0
First Trust/Four Crns Sr F 2 COM 33733U108 109 7,170 SH   SOLE 1 7,170 0 0
Flah & Crum/Claymore Preferred S I COM 338478100 6,911 368,572 SH   SOLE 1 368,572 0 0
Flah & Crum/Claymore Total Return Fund COM 338479108 4,898 252,100 SH   SOLE 1 252,100 0 0
Ford Motor Co COM 345370860 51,196 3,309,400 SH   SOLE 1 2,875,000 0 434,400
Forest City Enterprises Cl A COM 345550107 171,053 9,550,717 SH   SOLE 1,2,3 8,097,228 0 1,453,489
Franco-Nevada Corp COM 351858105 339 9,486 SH   SOLE 1 9,486 0 0
Franklin Templeton Ltd Duration Inc Fund COM 35472T101 1,396 103,900 SH   SOLE 1 103,900 0 0
Gabelli Dividend & Income Trust COM 36242H104 19,307 999,869 SH   SOLE 1 999,869 0 0
Gabelli Equity Trust COM 362397101 8,760 1,315,247 SH   SOLE 1 1,315,247 0 0
GasLog Ltd. COM G37585109 1 85 SH   SOLE 1 85 0 0
General Dynamics Corp. COM 369550108 39,537 504,744 SH   SOLE 1 501,844 0 2,900
General Electric Co. COM 369604103 70,232 3,028,530 SH   SOLE 1 2,635,730 0 392,800
General Growth Properties COM 370023103 767,044 38,603,118 SH   SOLE 1,2,3 22,310,953 0 16,292,165
Genesis Energy LP COM 371927104 70 1,350 SH   SOLE 1 1,350 0 0
Glimcher Realty Trust COM 379302102 231,525 21,201,888 SH   SOLE 1,2,3 18,426,382 0 2,775,506
Golar LNG Partners LP COM Y2745C102 36,698 1,076,187 SH   SOLE 1 1,076,187 0 0
Goldcorp Inc COM 380956409 196 7,923 SH   SOLE 1 7,923 0 0
Goldman Sachs Group Inc. COM 38141G104 35,559 235,100 SH   SOLE 1 218,000 0 17,100
Google Inc. Cl A COM 38259P508 6,515 7,400 SH   SOLE 1 3,800 0 3,600
Grupo Aeroportuario PAC - ADR ADR 400506101 6,577 129,401 SH   SOLE 1 129,401 0 0
Guggenheim Strategic Opp Fund COM 40167F101 6,140 278,100 SH   SOLE 1 278,100 0 0
Hanesbrands Inc COM 410345102 34,705 674,940 SH   SOLE 1 583,840 0 91,100
Hartford Financial Svcs Grp COM 416515104 186 6,000 SH   SOLE 1 0 0 6,000
HCC Insurance Holdings Inc. COM 404132102 14,343 332,700 SH   SOLE 1 330,000 0 2,700
HCP Inc COM 40414L109 479,030 10,542,037 SH   SOLE 1,3 3,545,566 0 6,996,471
Health Care REIT Inc. COM 42217K106 902,572 13,465,201 SH   SOLE 1,2,3 8,978,831 0 4,486,370
Healthcare Trust of America COM 42225P105 105,941 9,433,793 SH   SOLE 1,3 8,515,145 0 918,648
Hersha Hospitality Trust COM 427825104 151,389 26,842,028 SH   SOLE 1,2,3 21,354,449 0 5,487,579
Highwoods Properties Inc. COM 431284108 85,498 2,400,955 SH   SOLE 1,2 932,954 0 1,468,001
Home Depot Inc. COM 437076102 4,486 57,900 SH   SOLE 1 0 0 57,900
Home Properties Inc. COM 437306103 338,789 5,182,637 SH   SOLE 1,3 3,296,094 0 1,886,543
Honda Motor Co Ltd - Spons ADR ADR 438128308 678 18,200 SH   SOLE 1 18,200 0 0
Host Hotels & Resorts Inc. COM 44107P104 887,547 52,610,979 SH   SOLE 1,2,3 22,676,809 0 29,934,170
HSBC Holdings PLC 6.20% (HBC A) PFD 404280604 474 13,006 SH   SOLE 1 13,000 0 6
Hudson Pacific Prop COM 444097109 172,525 8,107,400 SH   SOLE 1,2,3 6,701,823 0 1,405,577
Huntington Bancshares 8.5% CV (HBANP) PFD 446150401 50,942 41,755 SH   SOLE 1 41,755 0 0
Hyatt Hotels Corp CL A COM 448579102 147,617 3,657,501 SH   SOLE 1,2,3 3,148,448 0 509,053
I Shares Gold Trust COM 464285105 2,398 200,000 SH   SOLE 1 200,000 0 0
Inergy LP COM 456615103 1,908 119,125 SH   SOLE 1 119,125 0 0
Inergy Midstream LP COM 45671U106 3,369 151,487 SH   SOLE 1 151,487 0 0
Intel Corp. COM 458140100 3,284 135,600 SH   SOLE 1 26,500 0 109,100
International Business Machines Corp. COM 459200101 8,855 46,333 SH   SOLE 1 15,133 0 31,200
John Hancock T/A Dividend Income Fund COM 41013V100 12,153 645,740 SH   SOLE 1 645,740 0 0
Johnson & Johnson COM 478160104 180 2,100 SH   SOLE 1 0 0 2,100
JP Morgan Chase & Co COM 46625H100 90,376 1,711,994 SH   SOLE 1 1,588,594 0 123,400
Kayne Anderson Energy Total Return COM 48660P104 7,411 247,624 SH   SOLE 1 247,624 0 0
Kayne Anderson MidstreamEnergy COM 48661E108 4,169 130,490 SH   SOLE 1 130,490 0 0
Kayne Anderson MLP Investment COM 486606106 2,151 55,300 SH   SOLE 1 55,300 0 0
Keycorp 7.75% CV (KEY G) PFD 493267405 1,668 13,393 SH   SOLE 1 13,393 0 0
Kilroy Realty Corp. COM 49427F108 159,997 3,018,236 SH   SOLE 1,2 0 0 3,018,236
Kimco Realty Corp. COM 49446R109 706,074 32,947,901 SH   SOLE 1,2,3 16,925,793 0 16,022,108
Kinder Morgan Holdco LLC COM 49456B101 14,827 388,643 SH   SOLE 1 388,643 0 0
Kinder Morgan Manage COM 49455U100 46,671 558,329 SH   SOLE 1 558,329 0 0
Knot Offshore Partners LP COM Y48125101 3,752 170,380 SH   SOLE 1 170,380 0 0
L-3 Communications Holdings COM 502424104 19,763 230,500 SH   SOLE 1 176,900 0 53,600
Lasalle Hotel Properties COM 517942108 71,422 2,891,580 SH   SOLE 1 0 0 2,891,580
Legg Mason BW Global Income COM 52469B100 5,288 298,260 SH   SOLE 1 298,260 0 0
Lexington Corp Pr C CV PFD 529043309 10,968 226,349 SH   SOLE 1 209,536 0 16,813
Liberty Property Trust COM 531172104 117,182 3,170,510 SH   SOLE 1 0 0 3,170,510
LMP Capital And Income Fund COM 50208A102 3,369 217,900 SH   SOLE 1 217,900 0 0
LMP Real Estate Income Fund COM 50208C108 747 63,000 SH   SOLE 1 63,000 0 0
Mack-Cali Realty Corp. COM 554489104 232,842 9,507,620 SH   SOLE 1,3 4,714,361 0 4,793,259
Macquarie Global Infr Tot Rt COM 55608D101 1,299 63,636 SH   SOLE 1 63,636 0 0
Magellan Midstream Partners COM 559080106 11,934 218,980 SH   SOLE 1 218,980 0 0
Marathon Oil Corp. COM 565849106 677 19,576 SH   SOLE 1 19,576 0 0
Marathon Petroleum Corp. COM 56585A102 25,432 357,900 SH   SOLE 1 307,300 0 50,600
Market Vectors Oil Service ETF COM 57060U191 4,971 116,200 SH   SOLE 1 116,200 0 0
MarkWest Energy Partners LP COM 570759100 97,591 1,459,847 SH   SOLE 1 1,459,847 0 0
McDonald's Corp. COM 580135101 2,637 26,639 SH   SOLE 1 22,839 0 3,800
Mckesson Corp. COM 58155Q103 132 1,150 SH   SOLE 1 0 0 1,150
Merck & Co Inc COM 58933Y105 49,374 1,062,950 SH   SOLE 1 954,350 0 108,600
MFS Multimarket Income Trust COM 552737108 1,163 174,356 SH   SOLE 1 174,356 0 0
Microsoft Corp. COM 594918104 28,876 836,251 SH   SOLE 1 533,151 0 303,100
Mid-America Apartment Communities COM 59522J103 13,905 205,172 SH   SOLE 1 205,172 0 0
Monsanto Co COM 61166W101 6,560 66,400 SH   SOLE 1 28,000 0 38,400
Mosaic Company COM 61945C103 841 15,634 SH   SOLE 1 15,634 0 0
MPLX LP COM 55336V100 14,775 401,390 SH   SOLE 1 401,390 0 0
National Oilwell Varco Inc COM 637071101 20,896 303,280 SH   SOLE 1 262,880 0 40,400
National Retail Properties COM 637417106 242,703 7,055,332 SH   SOLE 1,3 4,440,968 0 2,614,364
NATL WESTMINSTER 7.76% (NW C) PFD 638539882 23,658 936,749 SH   SOLE 1 936,743 0 6
Natural Resource Partners LP COM 63900P103 17 820 SH   SOLE 1 820 0 0
Nevsun Resources Ltd COM 64156L101 98 33,250 SH   SOLE 1 33,250 0 0
New America High Income Fund COM 641876800 6,077 604,078 SH   SOLE 1 604,078 0 0
Newmont Mining Corp COM 651639106 9,994 333,700 SH   SOLE 1 286,200 0 47,500
News Corp CL A COM 65248E104 17,842 547,300 SH   SOLE 1 449,000 0 98,300
NextEra Energy Inc COM 65339F101 147,904 1,815,222 SH   SOLE 1 1,750,222 0 65,000
NFJ Dividend Interest & Preferred Strategy COM 01883A107 2,207 131,000 SH   SOLE 1 131,000 0 0
NGL Energy Partners LP COM 62913M107 5,420 179,529 SH   SOLE 1 179,529 0 0
Niska Gas Storage Partners LLC COM 654678101 1,954 130,800 SH   SOLE 1 130,800 0 0
Noble Energy Inc COM 655044105 514 8,568 SH   SOLE 1 8,568 0 0
Nordstrom Inc. COM 655664100 27,536 459,390 SH   SOLE 1 379,090 0 80,300
Norfolk Southern Corp. COM 655844108 33,379 459,450 SH   SOLE 1 399,050 0 60,400
NuStar Energy LP COM 67058H102 10,728 235,008 SH   SOLE 1 235,008 0 0
NuStar GP Holdings LLC COM 67059L102 4,321 161,658 SH   SOLE 1 161,658 0 0
Nuveen Diversified Currency Opportunities Fund COM 67090N109 2,602 232,100 SH   SOLE 1 232,100 0 0
Nuveen Dividend Advantage Municipal Fund 2 COM 67070F100 1,119 80,200 SH   SOLE 1 80,200 0 0
Nuveen Energy MLP Total Return COM 67074U103 6,204 281,723 SH   SOLE 1 281,723 0 0
Nuveen Equity Premium Opportunity Fund COM 6706EM102 1,535 124,300 SH   SOLE 1 124,300 0 0
Nuveen Floating rate Income COM 67072T108 3,102 246,200 SH   SOLE 1 246,200 0 0
Nuveen Floating Rate Income Opportunity Fund COM 6706EN100 1,241 93,900 SH   SOLE 1 93,900 0 0
Nuveen Global Government Enh COM 67073C104 1,489 120,500 SH   SOLE 1 120,500 0 0
Nuveen Mtg Opportunity COM 670735109 632 24,900 SH   SOLE 1 24,900 0 0
Nuveen Mtg Oppty Term F COM 67074R100 884 34,500 SH   SOLE 1 34,500 0 0
Nuveen Multi-Strategy Income & Growth 2 COM 67073D102 10,711 1,072,147 SH   SOLE 1 1,072,147 0 0
Nuveen Preferred & Income Term Fund COM 67075A106 6,776 278,969 SH   SOLE 1 278,969 0 0
Nuveen Preferred Income Opportunities Fund COM 67073B106 15,144 1,585,764 SH   SOLE 1 1,585,764 0 0
Nuveen Real Estate Income Fund COM 67071B108 3,704 311,239 SH   SOLE 1 311,239 0 0
Nuveen Short Duration Credit COM 67074X107 4,355 222,205 SH   SOLE 1 222,205 0 0
Nuveen Tax-Adv Tot Ret Strat COM 67090H102 1,908 153,900 SH   SOLE 1 153,900 0 0
Nuveen Tax-Advantaged Dividend Growth Fund COM 67073G105 987 66,300 SH   SOLE 1 66,300 0 0
Occidental Petroleum Corp. COM 674599105 64,655 724,589 SH   SOLE 1 642,489 0 82,100
Oiltanking Partners LP COM 678049107 14,271 280,924 SH   SOLE 1 280,924 0 0
ONEOK Partners LP COM 68268N103 106 2,145 SH   SOLE 1 2,145 0 0
Oracle Corp. COM 68389X105 89,574 2,915,836 SH   SOLE 1 2,516,436 0 399,400
Orient Express Hotels Ltd. A COM G67743107 114,365 9,404,995 SH   SOLE 1 8,332,365 0 1,072,630
Owens Corning COM 690742101 48,573 1,242,900 SH   SOLE 1,2,3 1,086,500 0 156,400
P G & E Corp. COM 69331C108 57,870 1,265,480 SH   SOLE 1 1,265,480 0 0
Paa Natural Gas Storage Lp COM 693139107 1,168 55,505 SH   SOLE 1 55,505 0 0
Parkway Properties Inc. COM 70159Q104 34,694 2,070,051 SH   SOLE 1,2,3 1,720,892 0 349,159
Pebblebrook Hotel Trust COM 70509V100 32,013 1,238,420 SH   SOLE 1 1,122,788 0 115,632
Pembina Pipeline Corp COM 706327103 14,074 461,400 SH   SOLE 1 461,400 0 0
Pepsico Inc. COM 713448108 4,809 58,800 SH   SOLE 1 16,500 0 42,300
Petroleo Brasileiro SA ADR 71654V101 384 26,171 SH   SOLE 1 26,171 0 0
Petsmart Inc COM 716768106 18,998 283,600 SH   SOLE 1 235,900 0 47,700
Pfizer Inc. COM 717081103 58,703 2,095,784 SH   SOLE 1 1,921,084 0 174,700
Philip Morris International COM 718172109 43,161 498,279 SH   SOLE 1 392,479 0 105,800
PIMCO Corporate Opportunity COM 72201B101 7,111 363,724 SH   SOLE 1 363,724 0 0
Pimco Dynamic Credit Income COM 72202D106 9,482 413,900 SH   SOLE 1 413,900 0 0
Pimco Dynamic Income Fund COM 72201Y101 12,521 428,058 SH   SOLE 1 428,058 0 0
PIMCO High Income Fund COM 722014107 9,273 791,870 SH   SOLE 1 791,870 0 0
PIMCO Income Opportunity Fund COM 72202B100 15,908 556,227 SH   SOLE 1 556,227 0 0
PIMCO Income Strategy Fund II COM 72201J104 7,844 745,600 SH   SOLE 1 745,600 0 0
Pimco Municipal Income Fund II COM 72200W106 2,129 181,800 SH   SOLE 1 181,800 0 0
Pioneer Diversified High Income COM 723653101 5,955 292,761 SH   SOLE 1 292,761 0 0
Pioneer Floating Rate Trust COM 72369J102 2,571 194,180 SH   SOLE 1 194,180 0 0
Pioneer High Income Trust COM 72369H106 792 47,487 SH   SOLE 1 47,487 0 0
Plains All American Pipeline LP COM 726503105 12,155 217,790 SH   SOLE 1 217,790 0 0
Plum Creek Timber Co. COM 729251108 5,264 112,800 SH   SOLE 1 112,800 0 0
Potash Corp of Saskatchewan COM 73755L107 5,617 147,700 SH   SOLE 1 65,800 0 81,900
Potash Corp of Saskatchewan - US COM 73755L107 26,650 698,915 SH   SOLE 1 693,115 0 5,800
PPL Corp. COM 69351T106 25,687 848,873 SH   SOLE 1 848,873 0 0
Proassurance Corp COM 74267C106 18,219 349,300 SH   SOLE 1 302,700 0 46,600
Procter & Gamble Co. COM 742718109 33,435 434,276 SH   SOLE 1 374,076 0 60,200
ProLogis Inc. COM 74340W103 1,349,661 35,781,049 SH   SOLE 1,2,3 19,637,727 0 16,143,322
Prudential Finl Inc COM 744320102 53,354 730,570 SH   SOLE 1 650,270 0 80,300
PS Business Parks Inc. COM 69360J107 104,386 1,446,385 SH   SOLE 1,2,3 1,275,606 0 170,779
Public Storage COM 74460D109 937,546 6,114,565 SH   SOLE 1,2,3 2,971,636 0 3,142,929
Putnam Premier Income Trust COM 746853100 1,860 347,600 SH   SOLE 1 347,600 0 0
PVR Partners LP COM 693665101 9,737 356,660 SH   SOLE 1 356,660 0 0
Qualcomm Inc. COM 747525103 8,985 147,100 SH   SOLE 1 51,500 0 95,600
Quest Diagnostics COM 74834L100 25,673 423,434 SH   SOLE 1 367,763 0 55,671
Questar Corp. COM 748356102 10,015 419,904 SH   SOLE 1 419,904 0 0
Ramco-Gershenson Properties COM 751452202 123,190 7,932,404 SH   SOLE 1,3 6,508,382 0 1,424,022
Realty Income Corp. COM 756109104 373,116 8,900,667 SH   SOLE 1.2.3 5,477,937 0 3,422,730
Reaves Utility Income Fund COM 756158101 2,101 82,800 SH   SOLE 1 82,800 0 0
Regency Centers Corp. COM 758849103 612,063 12,046,104 SH   SOLE 1.2.3 6,642,714 0 5,403,390
Regency Energy Partners LP COM 75885Y107 7,873 291,930 SH   SOLE 1 291,930 0 0
Republic Services Inc. COM 760759100 187 5,500 SH   SOLE 1 0 0 5,500
Retail Properties of America COM 76131V202 111,873 7,834,244 SH   SOLE 1,3 6,614,013 0 1,220,231
RLJ Lodging Trust COM 74965L101 261,926 11,646,352 SH   SOLE 1,3 5,985,646 0 5,660,706
Rogers Communications Inc COM 775109200 4,636 118,700 SH   SOLE 1 49,400 0 69,300
Rose Rock Midstream LP COM 777149105 15,711 429,020 SH   SOLE 1 429,020 0 0
Ross Stores Inc COM 778296103 37,564 579,605 SH   SOLE 1 509,605 0 70,000
Royal Bank of Scotland 6.35% (RBS N) PFD 780097770 10,754 504,756 SH   SOLE 1 504,750 0 6
Royal Bank of Scotland 6.6% (RBS S) PFD 780097739 20,431 931,029 SH   SOLE 1 931,022 0 7
Royal Bank Scotland 6.4% (RBS M) PFD 780097796 17,302 808,870 SH   SOLE 1 808,864 0 6
Royce Value Trust COM 780910105 6,043 398,600 SH   SOLE 1 398,600 0 0
SBA Communications Corp. Cl A COM 78388J106 72,419 977,044 SH   SOLE 1 977,044 0 0
Schlumberger Ltd. COM 806857108 48,469 676,374 SH   SOLE 1 629,174 0 47,200
Semgroup Corp COM 81663A105 19,742 366,536 SH   SOLE 1 366,536 0 0
Sempra Energy COM 816851109 76,989 941,644 SH   SOLE 1 941,644 0 0
Senior Housing Properties Trust COM 81721M109 119,429 4,605,821 SH   SOLE 1 0 0 4,605,821
Simon Property Group Inc. COM 828806109 3,472,430 21,988,540 SH   SOLE 1,2,3 12,028,978 0 9,959,562
SL Green Realty Corp. COM 78440X101 632,777 7,175,153 SH   SOLE 1,2,3 4,241,295 0 2,933,858
SM Energy Co COM 78454L100 317 5,284 SH   SOLE 1 5,284 0 0
Southcross Energy Partners L COM 84130C100 10,500 456,739 SH   SOLE 1 456,739 0 0
Southern Co COM 842587107 50,066 1,134,514 SH   SOLE 1 1,134,514 0 0
Sovran Self Storage Inc. COM 84610H108 230,479 3,557,324 SH   SOLE 1,2,3 2,994,267 0 563,057
SPDR Trust Series 1 COM 78462F103 2,032 12,700 SH   SOLE 1 12,700 0 0
Spectra Energy Corp. COM 847560109 30,648 889,389 SH   SOLE 1 889,389 0 0
Spectra Energy Partners LP COM 84756N109 8,987 195,370 SH   SOLE 1 195,370 0 0
Sprott Physical Gold Tr COM 85207H104 1,882 184,000 SH   SOLE 1 184,000 0 0
Spx Corp COM 784635104 25,074 348,342 SH   SOLE 1 305,002 0 43,340
STAG Industrial COM 85254J102 3,485 174,666 SH   SOLE 1 174,666 0 0
Stanley Black & Decker Inc COM 854502101 46 600 SH   SOLE 1 600 0 0
Starbucks Corp COM 855244109 3,661 55,900 SH   SOLE 1 0 0 55,900
Stone Harbor Emerging Market COM 86164T107 1,693 80,700 SH   SOLE 1 80,700 0 0
Strategic Hotels & Resorts I COM 86272T106 198,387 22,391,285 SH   SOLE 1,2,3 19,562,554 0 2,828,731
Suburban Propane Partners LP COM 864482104 15,076 324,569 SH   SOLE 1 324,569 0 0
Summit Hotel Properties 7.125% (INN C) PFD 866082407 7,304 301,180 SH   SOLE 1 177,800 0 123,380
Sun Communities Inc. COM 866674104 90,174 1,812,177 SH   SOLE 1,3 1,669,025 0 143,152
Suncor Energy Inc COM 867224107 841 28,616 SH   SOLE 1 24,216 0 4,400
Sunoco Logistics Partners LP COM 86764L108 74 1,155 SH   SOLE 1 1,155 0 0
Sunstone Hotel Investors Inc. COM 867892101 127,316 10,539,378 SH   SOLE 1,3 8,481,578 0 2,057,800
Sunstone Hotel Pr. D PFD 867892507 16,917 644,475 SH   SOLE 1 469,870 0 174,605
Symantec Corp COM 871503108 47,630 2,119,700 SH   SOLE 1 1,855,600 0 264,100
Syngenta AG -ADR ADR 87160A100 1,004 12,900 SH   SOLE 1 12,900 0 0
Tallgrass Energy Partners LP COM 874697105 12,421 591,470 SH   SOLE 1 591,470 0 0
Tanger Factory Outlet Center COM 875465106 63,783 1,906,235 SH   SOLE 1 691,927 0 1,214,308
Targa Resources Corp COM 87612G101 4,211 65,455 SH   SOLE 1 65,455 0 0
Targa Resources Partners Lp COM 87611X105 9,566 189,611 SH   SOLE 1 189,611 0 0
Taubman Centers 6.25% (TCO K) PFD 876664707 10,076 415,000 SH   SOLE 1 280,000 0 135,000
Taubman Centers Inc. COM 876664103 36,555 486,421 SH   SOLE 1 486,421 0 0
TC Pipelines LP COM 87233Q108 33 675 SH   SOLE 1 675 0 0
Templeton Global Income Fund COM 880198106 2,470 285,899 SH   SOLE 1 285,899 0 0
Tesoro Logistics LP COM 88160T107 21,124 349,389 SH   SOLE 1 349,389 0 0
The Macerich Co. COM 554382101 188,038 3,084,100 SH   SOLE 1 312,214 0 2,771,886
Thermo Fisher Scientific Inc. COM 883556102 53,747 635,084 SH   SOLE 1 553,512 0 81,572
Time Warner Cable In COM 88732J207 39,504 351,210 SH   SOLE 1 313,610 0 37,600
Toronto-Dominion Bank COM 891160509 1,101 13,700 SH   SOLE 1 13,700 0 0
Tri Pointe Homes LLC COM 87265H109 12,626 761,537 SH   SOLE 1 761,537 0 0
UDR Inc. COM 902653104 755,802 29,650,915 SH   SOLE 1,2,3 17,709,229 0 11,941,686
UMH Properties 8.25% (UMH.PRA) PFD 903002202 4,229 160,000 SH   SOLE 1 50,000 0 110,000
United Parcel Service Cl B COM 911312106 37,823 437,360 SH   SOLE 1 358,160 0 79,200
United Technologies Corp. COM 913017109 7,526 80,973 SH   SOLE 1 24,573 0 56,400
Unitedhealth Group Inc. COM 91324P102 69,910 1,067,650 SH   SOLE 1 921,800 0 145,850
Universal Health Svc COM 913903100 45,881 685,200 SH   SOLE 1 594,500 0 90,700
US Bancorp COM 902973304 43,308 1,198,022 SH   SOLE 1 1,096,222 0 101,800
USA Compression Partners LP COM 90290N109 19,969 847,590 SH   SOLE 1 847,590 0 0
Valero Energy Corp. COM 91913Y100 374 10,764 SH   SOLE 1 10,764 0 0
Ventas Inc. COM 92276F100 1,326,966 19,104,035 SH   SOLE 1,2,3 10,772,475 0 8,331,560
Verizon Communications Inc. COM 92343V104 20,453 406,300 SH   SOLE 1 406,300 0 0
Visa Inc.-Class A Shares COM 92826C839 48,235 263,940 SH   SOLE 1 220,440 0 43,500
Vodafone Group PLC ADR ADR 92857W209 2,201 76,600 SH   SOLE 1 76,600 0 0
Vornado Realty Trust COM 929042109 1,227,495 14,815,878 SH   SOLE 1,2,3 7,899,885 0 6,915,993
Wal-Mart Stores Inc. COM 931142103 7,732 103,800 SH   SOLE 1 18,500 0 85,300
Walt Disney Co. COM 254687106 88,279 1,397,930 SH   SOLE 1 1,244,930 0 153,000
Weingarten Realty Investors COM 948741103 352,319 11,450,078 SH   SOLE 1,3 5,765,328 0 5,684,750
Wells Fargo & Co. COM 949746101 98,588 2,388,863 SH   SOLE 1 2,162,863 0 226,000
Wells Fargo Advantage Income Opportunities Fund COM 94987B105 2,221 234,498 SH   SOLE 1 234,498 0 0
Wells Fargo Advantage Multi-sector COM 94987D101 3,255 222,000 SH   SOLE 1 222,000 0 0
Wells Fargo Co 7.5% (WFC L) PFD 949746804 18,483 15,480 SH   SOLE 1 15,480 0 0
Westar Energy Inc. COM 95709T100 214 6,700 SH   SOLE 1 0 0 6,700
Western Asset Global Cp COM 95790C107 1,305 71,806 SH   SOLE 1 71,806 0 0
Western Asset Global High In COM 95766B109 3,087 252,200 SH   SOLE 1 252,200 0 0
Western Asset High Income Fund II COM 95766J102 389 42,227 SH   SOLE 1 42,227 0 0
Western Asset High Yield Defined Opportunity COM 95768B107 4,470 252,800 SH   SOLE 1 252,800 0 0
Western Asset Premier Bond COM 957664105 859 58,561 SH   SOLE 1 58,561 0 0
Western Gas Partners LP COM 958254104 55 845 SH   SOLE 1 845 0 0
Weyerhaeuser Co COM 962166104 27,385 961,200 SH   SOLE 1 891,000 0 70,200
Williams Cos Inc. COM 969457100 41,278 1,271,265 SH   SOLE 1 1,271,265 0 0
Williams Partners LP COM 96950F104 26,842 520,195 SH   SOLE 1 520,195 0 0
Wisconsin Energy Corp. COM 976657106 71,277 1,738,886 SH   SOLE 1 1,632,894 0 105,992
WP Carey Inc COM 92936U109 121,369 1,834,200 SH   SOLE 1,2,3 1,685,773 0 148,427
WW Grainger Inc COM 384802104 4,842 19,200 SH   SOLE 1 5,500 0 13,700