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
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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
1-800-Flowers.com Inc. CL A 68243Q106 5,943 653,109 SH   SOLE 0 653,109 0 0
ABM Industries Inc COM 000957100 4,689 171,701 SH   SOLE 0 171,701 0 0
Acadia Realty Trust COM SH BEN INT 004239109 601 19,999 SH   SOLE 0 19,999 0 0
Advanced Micro Devices COM 007903107 430 250,000 SH   SOLE 0 250,000 0 0
AGCO Corp COM 001084102 10,338 221,700 SH   OTR 1 221,700 0 0
AGCO Corp COM 001084102 75,333 1,615,543 SH   SOLE 0 1,612,763 0 2,780
Alamo Group, Inc. COM 011311107 7,597 162,499 SH   SOLE 0 162,499 0 0
Alico, Inc. COM 016230104 5,830 143,643 SH   SOLE 0 143,643 0 0
Alleghany Corp. COM 017175100 49,057 104,799 SH   SOLE 0 104,721 0 78
Allscripts Healthcare Solutions, Inc. COM 01988P108 3,692 297,717 SH   SOLE 0 297,717 0 0
Ani Pharmaceuticals Inc. COM 00182C103 2,359 59,716 SH   SOLE 0 59,716 0 0
Anixter International Inc. COM 035290105 8,291 143,500 SH   OTR 1 143,500 0 0
Anixter International Inc. COM 035290105 41,101 711,333 SH   SOLE 0 710,097 0 1,236
Apache Corp COM 037411105 6,706 171,255 SH   OTR 1 171,255 0 0
Apache Corp COM 037411105 46,986 1,199,854 SH   SOLE 0 1,196,680 0 3,174
Arcos Dorados Holdings, Inc. SHS CL A G0457F107 4,743 1,743,763 SH   SOLE 0 1,743,763 0 0
Ares Dynamic Credit Allocation Fund, Inc. COM 04014F102 3,548 253,978 SH   SOLE 0 253,978 0 0
Bank of New York Mellon Corp. COM 064058100 13,964 356,690 SH   OTR 1 356,690 0 0
Bank of New York Mellon Corp. COM 064058100 109,618 2,799,948 SH   SOLE 0 2,793,538 0 6,410
Barnes Group Inc. COM 067806109 9,058 251,271 SH   SOLE 0 251,271 0 0
BlackRock Corporate High Yield Fund VI COM 09255P107 12,875 1,304,420 SH   SOLE 0 1,304,420 0 0
BlackRock Credit Allocation Income Trust COM 092508100 4,990 409,999 SH   SOLE 0 409,999 0 0
Broadridge Financial Solutions Inc. COM 11133T103 6,161 111,313 SH   SOLE 0 111,313 0 0
Brookdale Senior Living Inc. COM 112463104 4,886 212,799 SH   OTR 1 212,799 0 0
Brookdale Senior Living Inc. COM 112463104 129,837 5,654,933 SH   SOLE 0 5,651,135 0 3,798
Brookfield Asset Mgmt. CL A CL A LTD VT SH 112585104 107 3,400 SH   DFND 1 0 3,400 0
Brookfield Asset Mgmt. CL A CL A LTD VT SH 112585104 942 29,973 SH   OTR 1 29,973 0 0
Brookfield Asset Mgmt. CL A CL A LTD VT SH 112585104 143,206 4,554,908 SH   SOLE 0 4,551,653 0 3,256
Capital Southwest COM 140501107 7,126 150,348 SH   SOLE 0 150,348 0 0
Catchmark Timber Trust Inc. REIT 14912Y202 1,633 158,900 SH   SOLE 0 158,900 0 0
Cavco Industries, Inc. (COM & Restricted) COM 149568107 94,494 1,387,781 SH   SOLE 0 1,387,781 0 0
CBS Corporation CL B 124857202 8,203 205,600 SH   OTR 1 205,600 0 0
CBS Corporation CL B 124857202 54,005 1,353,506 SH   SOLE 0 1,350,636 0 2,870
CEDAR REALTY TRUST INC COM 150602209 497 80,000 SH   SOLE 0 80,000 0 0
Century Communities Inc. COM 156504300 2,630 132,474 SH   SOLE 0 132,474 0 0
Circor International Inc. COM 17273K109 4,667 116,329 SH   SOLE 0 116,329 0 0
City National Corp. COM 178566105 5,402 61,349 SH   SOLE 0 61,349 0 0
CNH Industrial NV COM N20944109 4,023 617,057 SH   SOLE 0 617,057 0 0
Comerica Inc 2018 Warrants W EXP 11/14/2018 200340115 1,268 100,000 SH   SOLE 0 100,000 0 0
Comerica Inc. COM 200340107 11,971 291,258 SH   OTR 1 291,258 0 0
Comerica Inc. COM 200340107 94,533 2,300,076 SH   SOLE 0 2,294,715 0 5,361
Commerce Bancshares, Inc COM 200525103 9,079 199,269 SH   SOLE 0 199,269 0 0
Cosan Ltd. CL A G25343107 2,924 1,011,834 SH   SOLE 0 1,011,834 0 0
Covanta Holding Corporation COM 22282E102 571 32,700 SH   OTR 1 32,700 0 0
Covanta Holding Corporation COM 22282E102 74,373 4,262,044 SH   SOLE 0 4,254,873 0 7,171
CSG Systems International, Inc. COM 126349109 9,312 302,329 SH   SOLE 0 302,329 0 0
CST Brands, Inc COM 12646R105 5,977 177,570 SH   SOLE 0 177,570 0 0
Cubic, Corp. COM 229669106 6,614 157,710 SH   SOLE 0 157,710 0 0
Cullen Frost Bankers, Inc. COM 229899109 6,971 109,634 SH   SOLE 0 109,634 0 0
Devon Energy Corp. COM 25179M103 9,436 254,416 SH   OTR 1 254,416 0 0
Devon Energy Corp. COM 25179M103 32,083 865,010 SH   SOLE 0 862,403 0 2,607
Dorman Products, Inc. COM 258278100 7,948 156,173 SH   SOLE 0 156,173 0 0
DST Systems COM 233326107 4,683 44,541 SH   SOLE 0 44,541 0 0
DSW Inc. CL A 23334L102 5,745 226,990 SH   SOLE 0 226,990 0 0
EMCOR Group, Inc. COM 29084Q100 7,385 166,899 SH   SOLE 0 166,899 0 0
EnerSys COM 29275Y102 3,449 64,368 SH   SOLE 0 64,368 0 0
Equity Commonwealth COM 294628102 155 5,700 SH   DFND 1 0 5,700 0
Equity Commonwealth COM 294628102 1,160 42,576 SH   OTR 1 42,576 0 0
Equity Commonwealth COM 294628102 99,695 3,659,879 SH   SOLE 0 3,659,879 0 0
First Industrial Realty Trust, Inc. COM 32054K103 210 10,000 SH   DFND 1 0 10,000 0
First Industrial Realty Trust, Inc. COM 32054K103 2,166 103,385 SH   OTR 1 103,385 0 0
First Industrial Realty Trust, Inc. COM 32054K103 155,341 7,414,833 SH   SOLE 0 7,414,833 0 0
First Potomac Realty Trust COM 33610F109 1,595 145,000 SH   SOLE 0 145,000 0 0
First Trust High Income Long/Short Fund COM 33738E109 11,854 841,294 SH   SOLE 0 841,294 0 0
Forest City Enterprises Inc. CL A CL A 345550107 171 8,500 SH   DFND 1 0 8,500 0
Forest City Enterprises Inc. CL A CL A 345550107 1,999 99,301 SH   OTR 1 99,301 0 0
Forest City Enterprises Inc. CL A CL A 345550107 160,923 7,994,184 SH   SOLE 0 7,994,184 0 0
Forest City Enterprises Inc. CL B CL B CONV 345550305 15 702 SH   SOLE 0 702 0 0
FTI Consulting Inc. COM 302941109 8,752 210,845 SH   SOLE 0 210,845 0 0
General Motors Co. COM 37045V100 615 20,500 SH   OTR 1 20,500 0 0
General Motors Co. COM 37045V100 55,471 1,847,785 SH   SOLE 0 1,844,635 0 3,150
Genpact Ltd. COM G3922B107 10,055 425,885 SH   SOLE 0 425,885 0 0
Glatfelter P. H. Co. COM 377316104 2,800 162,579 SH   SOLE 0 162,579 0 0
HCC Insurance Holdings COM 404132102 14,534 187,613 SH   SOLE 0 187,613 0 0
Hyatt Hotels Corp. CL A 448579102 261 5,550 SH   OTR 1 5,550 0 0
Hyatt Hotels Corp. CL A 448579102 22,459 476,831 SH   SOLE 0 476,831 0 0
ICF International, Inc. COM 44925C103 5,924 194,918 SH   SOLE 0 194,918 0 0
Ingram Micro Inc. CL A 457153104 6,609 242,611 SH   SOLE 0 242,611 0 0
Insight Enterprises, Inc. COM 45765U103 7,331 283,602 SH   SOLE 0 283,602 0 0
ISHARES RUSSELL 1000 GROWTH ETF ETF 464287663 2,002 16,465 SH   SOLE 0 16,465 0 0
Kaiser Aluminum Corp. COM PAR $0.01 483007704 8,636 107,610 SH   SOLE 0 107,610 0 0
Kennedy-Wilson Holdings Inc. COM 489398107 157 7,100 SH   OTR 1 7,100 0 0
Kennedy-Wilson Holdings Inc. COM 489398107 16,426 740,900 SH   SOLE 0 740,900 0 0
Keycorp COM 493267108 32,592 2,505,146 SH   SOLE 0 2,497,550 0 7,596
Kimco Realty Corp COM 49446R109 636 26,045 SH   SOLE 0 26,045 0 0
Legg Mason Inc. COM 524901105 6,891 165,614 SH   SOLE 0 165,614 0 0
Leucadia National Corporation COM 527288104 11,472 566,259 SH   OTR 1 566,259 0 0
Leucadia National Corporation COM 527288104 16,153 797,296 SH   SOLE 0 786,242 0 11,054
Loews Corporation COM 540424108 43,778 1,211,350 SH   SOLE 0 1,208,779 0 2,571
Lowe's Companies Inc. COM 548661107 837 12,140 SH   OTR 1 12,140 0 0
Lowe's Companies Inc. COM 548661107 88,082 1,278,036 SH   SOLE 0 1,278,036 0 0
LSB Industries Inc. COM 502160104 2,556 166,837 SH   SOLE 0 166,837 0 0
Masco Corp. COM 574599106 46,348 1,840,671 SH   SOLE 0 1,836,251 0 4,420
Multi-Color Corporation COM 625383104 6,702 87,613 SH   SOLE 0 87,613 0 0
Neuberger Berman High Yield Strategies Fund COM 64128C106 4,339 425,826 SH   SOLE 0 425,826 0 0
New America High Income Fund, Inc COM 641876800 4,745 595,362 SH   SOLE 0 595,362 0 0
Noble Energy Inc. COM 655044105 3,689 122,223 SH   SOLE 0 122,223 0 0
Noranda Aluminum Holding COM 65542W107 547 333,434 SH   SOLE 0 333,434 0 0
NVIDIA Corp COM 67066G104 42,837 1,737,803 SH   SOLE 0 1,733,688 0 4,115
Patterson Companies Inc COM 703395103 6,277 145,133 SH   SOLE 0 145,133 0 0
PNC Financial Corp COM 693475105 107 1,200 SH   DFND 1 0 1,200 0
PNC Financial Corp COM 693475105 64,331 721,199 SH   SOLE 0 720,055 0 1,144
PNC Financial Services Group 2018 Warrants W EXP 12/31/2018 693475121 615 25,305 SH   OTR 1 25,305 0 0
PNC Financial Services Group 2018 Warrants W EXP 12/31/2018 693475121 59,838 2,462,449 SH   SOLE 0 2,462,449 0 0
Posco ADR ADR 693483109 9,102 259,912 SH   OTR 1 259,912 0 0
Posco ADR ADR 693483109 43,903 1,253,669 SH   SOLE 0 1,251,530 0 2,139
Post Properties Inc. COM 737464107 93 1,600 SH   DFND 1 0 1,600 0
Post Properties Inc. COM 737464107 741 12,709 SH   OTR 1 12,709 0 0
Post Properties Inc. COM 737464107 77,334 1,326,705 SH   SOLE 0 1,326,705 0 0
Powell Industries, Inc. COM 739128106 187 6,200 SH   OTR 1 6,200 0 0
Progress Software Corporation COM 743312100 6,668 258,146 SH   SOLE 0 258,146 0 0
Prologis Inc. COM 74340W103 345 8,880 SH   SOLE 0 8,880 0 0
Prosperity Bancshares Inc. COM 743606105 7,289 148,415 SH   SOLE 0 148,415 0 0
PS Business Parks, Inc. COM 69360J107 484 6,100 SH   SOLE 0 6,100 0 0
Radio One Inc Cl D CL D NON VTG 75040P405 4,923 2,311,360 SH   SOLE 0 2,311,360 0 0
Rayonier Inc. COM 754907103 166 7,500 SH   DFND 1 0 7,500 0
Rayonier Inc. COM 754907103 1,251 56,700 SH   OTR 1 56,700 0 0
Rayonier Inc. COM 754907103 120,610 5,464,882 SH   SOLE 0 5,464,882 0 0
Realogy Holdings Corp. COM 75605Y106 98 2,600 SH   DFND 1 0 2,600 0
Realogy Holdings Corp. COM 75605Y106 587 15,600 SH   OTR 1 15,600 0 0
Realogy Holdings Corp. COM 75605Y106 62,873 1,670,809 SH   SOLE 0 1,670,809 0 0
Rofin-Sinar Technologies Inc. COM 775043102 2,499 96,385 SH   SOLE 0 96,385 0 0
SemGroup Corporation - CL A CL A 81663A105 4,500 104,077 SH   SOLE 0 104,077 0 0
Southside Bancshares Inc. COM 84470P109 5,349 194,170 SH   SOLE 0 194,170 0 0
Spanish Broadcasting System, Inc CL A 846425833 3,585 681,637 SH   SOLE 0 681,637 0 0
SPDR TR UNIT SER 1 ETF 78462F103 1,998 10,425 SH   SOLE 0 10,425 0 0
SPX Corporation COM 784635104 990 83,019 SH   SOLE 0 83,019 0 0
SPX Flow Inc. COM 78469X107 4,651 135,078 SH   SOLE 0 135,078 0 0
Standard Motor Products, Inc. COM 853666105 7,893 226,298 SH   SOLE 0 226,298 0 0
Symantec Corp COM 871503108 56,446 2,899,118 SH   SOLE 0 2,896,400 0 2,718
Syntel, Inc. COM 87162H103 8,537 188,413 SH   SOLE 0 188,413 0 0
Tanger Factory Outlet Centers, Inc COM 875465106 672 20,396 SH   OTR 1 20,396 0 0
Tanger Factory Outlet Centers, Inc COM 875465106 74,755 2,267,357 SH   SOLE 0 2,267,357 0 0
Tejon Ranch Co. COM 879080109 255 11,682 SH   OTR 1 11,682 0 0
Tejon Ranch Co. COM 879080109 49,746 2,280,900 SH   SOLE 0 2,280,900 0 0
Tejon Ranch Co. WTS EXP 08/31/201 W EXP 08/31/201 879080133 0 2,729 SH   OTR 1 2,729 0 0
Tejon Ranch Co. WTS EXP 08/31/201 W EXP 08/31/201 879080133 57 354,603 SH   SOLE 0 354,603 0 0
Telefex Inc. COM 879369106 6,964 56,069 SH   SOLE 0 56,069 0 0
Terreno Realty Corp. COM 88146M101 831 42,290 SH   SOLE 0 42,290 0 0
Tetra Tech, Inc. COM 88162G103 8,429 346,716 SH   SOLE 0 346,716 0 0
The Macerich Company COM 554382101 184 2,400 SH   DFND 1 0 2,400 0
The Macerich Company COM 554382101 2,107 27,430 SH   OTR 1 27,430 0 0
The Macerich Company COM 554382101 147,771 1,923,596 SH   SOLE 0 1,923,596 0 0
Total Fina ELF S A ADR ADR 89151E109 137 3,056 SH   SOLE 0 3,056 0 0
UCP Inc. - Class A CL A 90265Y106 2,281 340,000 SH   SOLE 0 340,000 0 0
UMB Financial Corporation COM 902788108 8,123 159,873 SH   SOLE 0 159,873 0 0
UniFirst Corporation COM 904708104 5,389 50,455 SH   SOLE 0 50,455 0 0
Vail Resorts Inc. COM 91879Q109 5,727 54,710 SH   SOLE 0 54,710 0 0
Valley National Bancorp COM 919794107 6,622 672,934 SH   SOLE 0 672,934 0 0
Valmont Industries COM 920253101 1,415 14,911 SH   SOLE 0 14,486 0 425
VCA Antech Inc. COM 918194101 8,105 153,935 SH   SOLE 0 153,935 0 0
Viad Corp. COM 92552R406 8,301 286,329 SH   SOLE 0 286,329 0 0
Visteon Corp. COM 92839U206 12,254 121,038 SH   SOLE 0 121,038 0 0
Vodafone Group Plc - ADR ADR 92857W308 74 2,326 SH   SOLE 0 2,326 0 0
Vornado Realty Trust SH BEN INT 929042109 163 1,800 SH   DFND 1 0 1,800 0
Vornado Realty Trust SH BEN INT 929042109 1,185 13,111 SH   OTR 1 13,111 0 0
Vornado Realty Trust SH BEN INT 929042109 117,720 1,301,919 SH   SOLE 0 1,301,919 0 0
WCI Communities Inc. COM 92923C807 11,438 505,435 SH   SOLE 0 505,435 0 0
Wells Fargo & Co. 2018 Warrants W EXP 10/28/2018 949746119 231 12,752 SH   OTR 1 12,752 0 0
Wells Fargo & Co. 2018 Warrants W EXP 10/28/2018 949746119 21,076 1,165,051 SH   SOLE 0 1,165,051 0 0
Wells Fargo & Co. NEW COM 949746101 2,266 44,137 SH   SOLE 0 44,137 0 0
Western Asset High Yield Defined Opportunity Fund COM 95768B107 7,875 562,522 SH   SOLE 0 562,522 0 0
Western Asset Managed High Income Fund COM 95766L107 4,585 1,025,669 SH   SOLE 0 1,025,669 0 0
Weyerhaeuser Company COM 962166104 205 7,500 SH   DFND 1 0 7,500 0
Weyerhaeuser Company COM 962166104 22,628 827,666 SH   OTR 1 827,666 0 0
Weyerhaeuser Company COM 962166104 299,919 10,969,969 SH   SOLE 0 10,959,713 0 10,256
White Mountains Insurance Group COM G9618E107 82,133 109,906 SH   SOLE 0 109,732 0 174
WMI Holdings Corp, COM 92936P100 765 296,406 SH   SOLE 0 296,406 0 0
World Fuel Services Corp COM 981475106 6,647 185,684 SH   SOLE 0 185,684 0 0
Zions Bancorporation COM 989701107 785 28,500 SH   OTR 1 28,500 0 0
Zions Bancorporation COM 989701107 80,030 2,905,958 SH   SOLE 0 2,905,958 0 0