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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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
1-800-Flowers.com Inc. CL A 68243Q106 3,624 346,433 SH   SOLE 0 346,433 0 0
ABM Industries Inc COM 000957100 7,907 240,557 SH   SOLE 0 240,557 0 0
Acadia Realty Trust COM SH BEN INT 004239109 582 19,999 SH   SOLE 0 19,999 0 0
Actuant Corporation CL A 00508X203 5,954 257,877 SH   SOLE 0 257,877 0 0
Advanced Micro Devices COM 007903107 600 250,000 SH   SOLE 0 250,000 0 0
AGCO Corp COM 001084102 95,346 1,679,214 SH   SOLE 0 1,676,434 0 2,780
AGCO Corp COM 001084102 12,719 224,000 SH   OTR 1 224,000 0 0
Alamo Group, Inc. COM 011311107 8,879 162,499 SH   SOLE 0 162,499 0 0
Alico, Inc. COM 016230104 6,516 143,643 SH   SOLE 0 143,643 0 0
Alleghany Corp. COM 017175100 52,536 112,074 SH   SOLE 0 111,996 0 78
Allscripts Healthcare Solutions, Inc. COM 01988P108 8,425 615,859 SH   SOLE 0 615,859 0 0
Ani Pharmaceuticals Inc. COM 00182C103 3,214 51,790 SH   SOLE 0 51,790 0 0
Anixter International Inc. COM 035290105 15,793 242,404 SH   SOLE 0 242,404 0 0
Anixter International Inc. COM 035290105 919 14,100 SH   OTR 1 14,100 0 0
Annaly Capital Management, Inc. COM 035710409 121 13,215 SH   SOLE 0 13,215 0 0
Apache Corp COM 037411105 80,081 1,389,569 SH   SOLE 0 1,386,395 0 3,174
Apache Corp COM 037411105 9,489 164,655 SH   OTR 1 164,655 0 0
Arcos Dorados Holdings, Inc. SHS CL A G0457F107 7,267 1,381,502 SH   SOLE 0 1,381,502 0 0
Ares Dynamic Credit Allocation Fund, Inc. COM 04014F102 4,717 307,666 SH   SOLE 0 307,666 0 0
Bank of New York Mellon Corp. COM 064058100 123,578 2,944,447 SH   SOLE 0 2,938,037 0 6,410
Bank of New York Mellon Corp. COM 064058100 17,039 405,990 SH   OTR 1 405,990 0 0
Barnes Group Inc. COM 067806109 10,250 262,885 SH   SOLE 0 262,885 0 0
BlackRock Corporate High Yield Fund VI COM 09255P107 21,540 1,996,274 SH   SOLE 0 1,996,274 0 0
BlackRock Credit Allocation Income Trust COM 092508100 10,605 837,053 SH   SOLE 0 837,053 0 0
Bristow Group Inc. COM 110394103 3,424 64,243 SH   SOLE 0 62,523 0 1,720
Broadridge Financial Solutions Inc. COM 11133T103 5,567 111,313 SH   SOLE 0 111,313 0 0
Brookdale Senior Living Inc. COM 112463104 119,508 3,444,026 SH   SOLE 0 3,442,050 0 1,976
Brookdale Senior Living Inc. COM 112463104 684 19,699 SH   OTR 1 19,699 0 0
Brookfield Asset Mgmt. CL A CL A LTD VT SH 112585104 143,613 4,111,447 SH   SOLE 0 4,108,556 0 2,892
Brookfield Asset Mgmt. CL A CL A LTD VT SH 112585104 119 3,400 SH   DFND 1 0 3,400 0
Brookfield Asset Mgmt. CL A CL A LTD VT SH 112585104 977 27,973 SH   OTR 1 27,973 0 0
Capital Southwest COM 140501107 7,507 150,348 SH   SOLE 0 150,348 0 0
Capstead Mortgage Corporation COM NO PAR 14067E506 139 12,500 SH   SOLE 0 12,500 0 0
Cavco Industries, Inc. (COM & Restricted) COM 149568107 107,609 1,426,423 SH   SOLE 0 1,426,423 0 0
CBS Corporation CL B 124857202 62,598 1,127,884 SH   SOLE 0 1,125,014 0 2,870
CBS Corporation CL B 124857202 9,540 171,900 SH   OTR 1 171,900 0 0
Cedar Realty Trust Inc. COM 150602209 512 80,000 SH   SOLE 0 80,000 0 0
Century Communities Inc. COM 156504300 2,667 132,474 SH   SOLE 0 132,474 0 0
Circor International Inc. COM 17273K109 4,746 87,033 SH   SOLE 0 87,033 0 0
City National Corp. COM 178566105 6,570 72,685 SH   SOLE 0 72,685 0 0
CNH Industrial NV COM N20944109 3,018 325,215 SH   SOLE 0 325,215 0 0
Comerica Inc 2018 Warrants W EXP 11/14/2018 200340115 2,212 100,000 SH   SOLE 0 100,000 0 0
Comerica Inc. COM 200340107 137,523 2,679,720 SH   SOLE 0 2,674,359 0 5,361
Comerica Inc. COM 200340107 15,060 293,458 SH   OTR 1 293,458 0 0
Commerce Bancshares, Inc COM 200525103 9,318 199,220 SH   SOLE 0 199,220 0 0
Covanta Holding Corporation COM 22282E102 89,781 4,236,938 SH   SOLE 0 4,231,835 0 5,103
Covanta Holding Corporation COM 22282E102 693 32,700 SH   OTR 1 32,700 0 0
CSG Systems International, Inc. COM 126349109 10,107 319,229 SH   SOLE 0 319,229 0 0
CST Brands, Inc COM 12646R105 6,829 174,845 SH   SOLE 0 174,845 0 0
Cubic, Corp. COM 229669106 6,490 136,401 SH   SOLE 0 136,401 0 0
Cullen Frost Bankers, Inc. COM 229899109 9,765 124,271 SH   SOLE 0 124,271 0 0
Deutsche High Income Opportunity Fund COM 25158Y102 4,521 309,656 SH   SOLE 0 309,656 0 0
Devon Energy Corp. COM 25179M103 77,209 1,297,843 SH   SOLE 0 1,295,236 0 2,607
Devon Energy Corp. COM 25179M103 15,201 255,516 SH   OTR 1 255,516 0 0
Dorman Products, Inc. COM 258278100 7,060 148,133 SH   SOLE 0 148,133 0 0
EMCOR Group, Inc. COM 29084Q100 9,228 193,169 SH   SOLE 0 193,169 0 0
Encore Wire Corporation COM 292562105 1,366 30,842 SH   SOLE 0 30,842 0 0
EnerSys COM 29275Y102 4,524 64,368 SH   SOLE 0 64,368 0 0
EP Energy Corp. CL A 268785102 4,181 328,445 SH   SOLE 0 328,445 0 0
Equity Commonwealth COM 294628102 92,360 3,597,979 SH   SOLE 0 3,597,979 0 0
Equity Commonwealth COM 294628102 146 5,700 SH   DFND 1 0 5,700 0
Equity Commonwealth COM 294628102 1,080 42,076 SH   OTR 1 42,076 0 0
Excel Trust, Inc. COM 30068C109 613 38,890 SH   SOLE 0 38,890 0 0
First Industrial Realty Trust, Inc. COM 32054K103 121,944 6,510,633 SH   SOLE 0 6,510,633 0 0
First Industrial Realty Trust, Inc. COM 32054K103 187 10,000 SH   DFND 1 0 10,000 0
First Industrial Realty Trust, Inc. COM 32054K103 1,777 94,885 SH   OTR 1 94,885 0 0
First Potomac Realty Trust COM 33610F109 1,494 145,000 SH   SOLE 0 145,000 0 0
First Trust High Income Long/Short Fund COM 33738E109 12,980 829,943 SH   SOLE 0 829,943 0 0
Forest City Enterprises Inc. CL A CL A 345550107 164,799 7,456,947 SH   SOLE 0 7,456,947 0 0
Forest City Enterprises Inc. CL A CL A 345550107 188 8,500 SH   DFND 1 0 8,500 0
Forest City Enterprises Inc. CL A CL A 345550107 2,197 99,401 SH   OTR 1 99,401 0 0
Forest City Enterprises Inc. CL B CL B CONV 345550305 54 2,452 SH   SOLE 0 2,452 0 0
Forestar Group Inc. COM 346233109 1,993 151,436 SH   SOLE 0 151,436 0 0
FTI Consulting Inc. COM 302941109 11,854 287,435 SH   SOLE 0 287,435 0 0
General Motors Co. COM 37045V100 63,546 1,906,584 SH   SOLE 0 1,903,434 0 3,150
General Motors Co. COM 37045V100 773 23,200 SH   OTR 1 23,200 0 0
Genpact Ltd. COM G3922B107 9,082 425,805 SH   SOLE 0 425,805 0 0
Glatfelter P. H. Co. COM 377316104 4,779 217,337 SH   SOLE 0 217,337 0 0
Hatteras Financial Corp. COM 41902R103 92 5,630 SH   SOLE 0 5,630 0 0
HCC Insurance Holdings COM 404132102 16,397 213,395 SH   SOLE 0 213,395 0 0
Hyatt Hotels Corp. CL A 448579102 26,686 470,731 SH   SOLE 0 470,731 0 0
Hyatt Hotels Corp. CL A 448579102 315 5,550 SH   OTR 1 5,550 0 0
ICF International, Inc. COM 44925C103 5,902 169,313 SH   SOLE 0 169,313 0 0
Ingram Micro Inc. CL A 457153104 6,073 242,611 SH   SOLE 0 242,611 0 0
Insight Enterprises, Inc. COM 45765U103 8,483 283,602 SH   SOLE 0 283,602 0 0
Kaiser Aluminum Corp. COM PAR $0.01 483007704 8,938 107,583 SH   SOLE 0 107,583 0 0
Keycorp COM 493267108 38,750 2,579,886 SH   SOLE 0 2,572,290 0 7,596
Kimco Realty Corp COM 49446R109 587 26,045 SH   SOLE 0 26,045 0 0
Legg Mason Inc. COM 524901105 8,534 165,614 SH   SOLE 0 165,614 0 0
Leucadia National Corporation COM 527288104 22,630 932,028 SH   SOLE 0 920,974 0 11,054
Leucadia National Corporation COM 527288104 17,515 721,359 SH   OTR 1 721,359 0 0
Loews Corporation COM 540424108 48,149 1,250,287 SH   SOLE 0 1,247,716 0 2,571
Lowe's Companies Inc. COM 548661107 84,378 1,259,936 SH   SOLE 0 1,259,936 0 0
Lowe's Companies Inc. COM 548661107 114 1,700 SH   DFND 1 0 1,700 0
Lowe's Companies Inc. COM 548661107 759 11,340 SH   OTR 1 11,340 0 0
LSB Industries Inc. COM 502160104 6,812 166,790 SH   SOLE 0 166,790 0 0
Masco Corp. COM 574599106 45,837 1,718,680 SH   SOLE 0 1,716,154 0 2,526
Multi-Color Corporation COM 625383104 3,559 55,712 SH   SOLE 0 55,712 0 0
Neuberger Berman High Yield Strategies Fund COM 64128C106 5,016 425,826 SH   SOLE 0 425,826 0 0
New America High Income Fund, Inc COM 641876800 5,103 581,876 SH   SOLE 0 581,876 0 0
Noranda Aluminum Holding COM 65542W107 1,984 2,334,038 SH   SOLE 0 2,334,038 0 0
NVIDIA Corp COM 67066G104 51,805 2,576,058 SH   SOLE 0 2,568,614 0 7,444
Patterson Companies Inc COM 703395103 7,061 145,133 SH   SOLE 0 145,133 0 0
PNC Financial Corp COM 693475105 57,048 596,420 SH   SOLE 0 595,276 0 1,144
PNC Financial Corp COM 693475105 115 1,200 SH   DFND 1 0 1,200 0
PNC Financial Services Group 2018 Warrants W EXP 12/31/2018 693475121 56,427 1,964,049 SH   SOLE 0 1,964,049 0 0
PNC Financial Services Group 2018 Warrants W EXP 12/31/2018 693475121 532 18,505 SH   OTR 1 18,505 0 0
Posco ADR ADR 693483109 77,635 1,581,477 SH   SOLE 0 1,579,338 0 2,139
Posco ADR ADR 693483109 14,737 300,212 SH   OTR 1 300,212 0 0
Post Properties Inc. COM 737464107 71,116 1,308,005 SH   SOLE 0 1,308,005 0 0
Post Properties Inc. COM 737464107 87 1,600 SH   DFND 1 0 1,600 0
Post Properties Inc. COM 737464107 675 12,409 SH   OTR 1 12,409 0 0
Powell Industries, Inc. COM 739128106 375 10,650 SH   SOLE 0 10,650 0 0
Powell Industries, Inc. COM 739128106 376 10,700 SH   OTR 1 10,700 0 0
Progress Software Corporation COM 743312100 8,994 327,067 SH   SOLE 0 327,067 0 0
Prologis Inc. COM 74340W103 329 8,880 SH   SOLE 0 8,880 0 0
Prosperity Bancshares Inc. COM 743606105 9,819 170,057 SH   SOLE 0 170,057 0 0
PS Business Parks, Inc. COM 69360J107 440 6,100 SH   SOLE 0 6,100 0 0
Radio One Inc Cl D CL D NON VTG 75040P405 7,327 2,311,360 SH   SOLE 0 2,311,360 0 0
Rayonier Inc. COM 754907103 131,048 5,129,082 SH   SOLE 0 5,129,082 0 0
Rayonier Inc. COM 754907103 192 7,500 SH   DFND 1 0 7,500 0
Rayonier Inc. COM 754907103 1,267 49,600 SH   OTR 1 49,600 0 0
Realogy Holdings Corp. COM 75605Y106 76,986 1,647,809 SH   SOLE 0 1,647,809 0 0
Realogy Holdings Corp. COM 75605Y106 121 2,600 SH   DFND 1 0 2,600 0
Realogy Holdings Corp. COM 75605Y106 719 15,400 SH   OTR 1 15,400 0 0
Rofin-Sinar Technologies Inc. COM 775043102 6,366 230,636 SH   SOLE 0 230,636 0 0
Rosetta Resources Inc. COM 777779307 6,618 286,017 SH   SOLE 0 286,017 0 0
Seacor Holdings Inc. COM 811904101 4,548 64,104 SH   SOLE 0 64,104 0 0
SemGroup Corporation - CL A CL A 81663A105 7,696 96,825 SH   SOLE 0 96,825 0 0
Spanish Broadcasting System, Inc CL A 846425833 4,601 681,637 SH   SOLE 0 681,637 0 0
Standard Motor Products, Inc. COM 853666105 7,237 206,065 SH   SOLE 0 206,065 0 0
Suncoke Energy Inc. COM 86722A103 5,476 421,206 SH   SOLE 0 421,206 0 0
Symantec Corp COM 871503108 68,258 2,935,808 SH   SOLE 0 2,933,090 0 2,718
Syntel, Inc. COM 87162H103 8,946 188,413 SH   SOLE 0 188,413 0 0
Tanger Factory Outlet Centers, Inc COM 875465106 71,016 2,240,257 SH   SOLE 0 2,240,257 0 0
Tanger Factory Outlet Centers, Inc COM 875465106 647 20,396 SH   OTR 1 20,396 0 0
Tejon Ranch Co. COM 879080109 59,419 2,311,121 SH   SOLE 0 2,311,121 0 0
Tejon Ranch Co. COM 879080109 300 11,682 SH   OTR 1 11,682 0 0
Tejon Ranch Co. WTS EXP 08/31/201 W EXP 08/31/201 879080133 176 356,603 SH   SOLE 0 356,603 0 0
Tejon Ranch Co. WTS EXP 08/31/201 W EXP 08/31/201 879080133 1 2,729 SH   OTR 1 2,729 0 0
Telefex Inc. COM 879369106 7,595 56,069 SH   SOLE 0 56,069 0 0
Terreno Realty Corp. COM 88146M101 833 42,290 SH   SOLE 0 42,290 0 0
Tetra Tech, Inc. COM 88162G103 10,480 408,753 SH   SOLE 0 408,753 0 0
The Macerich Company COM 554382101 126,044 1,689,596 SH   SOLE 0 1,689,596 0 0
The Macerich Company COM 554382101 179 2,400 SH   DFND 1 0 2,400 0
The Macerich Company COM 554382101 1,808 24,230 SH   OTR 1 24,230 0 0
Total Fina ELF S A ADR ADR 89151E109 150 3,056 SH   SOLE 0 3,056 0 0
UCP Inc. - Class A CL A 90265Y106 2,047 270,000 SH   SOLE 0 270,000 0 0
UMB Financial Corporation COM 902788108 9,116 159,873 SH   SOLE 0 159,873 0 0
UniFirst Corporation COM 904708104 5,990 53,555 SH   SOLE 0 53,555 0 0
Vail Resorts Inc. COM 91879Q109 7,747 70,947 SH   SOLE 0 70,947 0 0
Valley National Bancorp COM 919794107 6,938 672,934 SH   SOLE 0 672,934 0 0
Valmont Industries COM 920253101 2,072 17,433 SH   SOLE 0 17,008 0 425
VCA Antech Inc. COM 918194101 8,372 153,881 SH   SOLE 0 153,881 0 0
Viad Corp. COM 92552R406 7,760 286,256 SH   SOLE 0 286,256 0 0
Vodafone Group Plc - ADR ADR 92857W308 85 2,326 SH   SOLE 0 2,326 0 0
Vornado Realty Trust SH BEN INT 929042109 107,130 1,128,519 SH   SOLE 0 1,128,519 0 0
Vornado Realty Trust SH BEN INT 929042109 171 1,800 SH   DFND 1 0 1,800 0
Vornado Realty Trust SH BEN INT 929042109 1,045 11,011 SH   OTR 1 11,011 0 0
WCI Communities Inc. COM 92923C807 11,977 491,049 SH   SOLE 0 491,049 0 0
Wells Fargo & Co. 2018 Warrants W EXP 10/28/2018 949746119 26,416 1,174,551 SH   SOLE 0 1,174,551 0 0
Wells Fargo & Co. 2018 Warrants W EXP 10/28/2018 949746119 287 12,752 SH   OTR 1 12,752 0 0
Wells Fargo & Co. NEW COM 949746101 1,701 30,237 SH   SOLE 0 30,237 0 0
Western Asset High Yield Defined Opportunity Fund COM 95768B107 8,474 550,250 SH   SOLE 0 550,250 0 0
Western Asset Managed High Income Fund COM 95766L107 5,067 1,025,669 SH   SOLE 0 1,025,669 0 0
Weyerhaeuser Company COM 962166104 322,346 10,233,198 SH   SOLE 0 10,222,942 0 10,256
Weyerhaeuser Company COM 962166104 221 7,000 SH   DFND 1 0 7,000 0
Weyerhaeuser Company COM 962166104 26,122 829,266 SH   OTR 1 829,266 0 0
White Mountains Insurance Group COM G9618E107 77,235 117,927 SH   SOLE 0 117,753 0 174
White Mountains Insurance Group COM G9618E107 8,475 12,940 SH   OTR 1 12,940 0 0
World Fuel Services Corp COM 981475106 9,768 203,710 SH   SOLE 0 203,710 0 0
Zions Bancorporation COM 989701107 90,910 2,864,658 SH   SOLE 0 2,864,658 0 0
Zions Bancorporation COM 989701107 901 28,400 SH   OTR 1 28,400 0 0