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
ABM Industries Inc COM 000957100 7,664 240,557 SH   SOLE 0 240,557 0 0
Acadia Realty Trust COM SH BEN INT 004239109 698 19,999 SH   SOLE 0 19,999 0 0
Actuant Corporation CL A 00508X203 6,122 257,877 SH   SOLE 0 257,877 0 0
AGCO Corp COM 001084102 80,611 1,692,080 SH   SOLE 0 1,689,300 0 2,780
AGCO Corp COM 001084102 10,671 224,000 SH   OTR 1 224,000 0 0
Alamo Group, Inc. COM 011311107 10,980 173,922 SH   SOLE 0 173,922 0 0
Alico, Inc. COM 016230104 7,363 143,643 SH   SOLE 0 143,643 0 0
Alleghany Corp. COM 017175100 60,555 124,343 SH   SOLE 0 124,265 0 78
Allscripts Healthcare Solutions, Inc. COM 01988P108 7,366 615,859 SH   SOLE 0 615,859 0 0
Anixter International Inc. COM 035290105 7,288 95,737 SH   SOLE 0 95,737 0 0
Annaly Capital Management, Inc. COM 035710409 137 13,215 SH   SOLE 0 13,215 0 0
Apache Corp COM 037411105 90,431 1,498,933 SH   SOLE 0 1,495,759 0 3,174
Apache Corp COM 037411105 9,934 164,655 SH   OTR 1 164,655 0 0
Arch Capital Group Ltd. ORD G0450A105 6,375 103,494 SH   SOLE 0 103,494 0 0
Arcos Dorados Holdings, Inc. SHS CL A G0457F107 7,204 1,461,176 SH   SOLE 0 1,461,176 0 0
Ares Dynamic Credit Allocation Fund, Inc. COM 04014F102 4,890 301,131 SH   SOLE 0 301,131 0 0
Ascena Retail Group, Inc. COM 04351G101 4,051 279,212 SH   SOLE 0 279,212 0 0
Bank of New York Mellon Corp. COM 064058100 130,701 3,248,034 SH   SOLE 0 3,240,664 0 7,370
Bank of New York Mellon Corp. COM 064058100 17,090 424,690 SH   OTR 1 424,690 0 0
Barnes Group Inc. COM 067806109 10,705 264,385 SH   SOLE 0 264,385 0 0
BlackRock Corporate High Yield Fund VI COM 09255P107 21,855 1,958,371 SH   SOLE 0 1,958,371 0 0
BlackRock Credit Allocation Income Trust COM 092508100 11,059 821,584 SH   SOLE 0 821,584 0 0
Bristow Group Inc. COM 110394103 6,952 127,680 SH   SOLE 0 124,552 0 3,128
Broadridge Financial Solutions Inc. COM 11133T103 6,123 111,313 SH   SOLE 0 111,313 0 0
Brookdale Senior Living Inc. COM 112463104 123,490 3,270,390 SH   SOLE 0 3,268,414 0 1,976
Brookdale Senior Living Inc. COM 112463104 702 18,599 SH   OTR 1 18,599 0 0
Brookfield Asset Mgmt. CL A CL A LTD VT SH 112585104 152,202 2,839,053 SH   SOLE 0 2,837,125 0 1,928
Brookfield Asset Mgmt. CL A CL A LTD VT SH 112585104 1,010 18,849 SH   OTR 1 18,849 0 0
Capital One Financial 2018 Warrants W EXP 11/14/2018 14040H139 556 15,000 SH   SOLE 0 15,000 0 0
Capital Southwest COM 140501107 6,979 150,348 SH   SOLE 0 150,348 0 0
Capstead Mortgage Corporation COM NO PAR 14067E506 147 12,500 SH   SOLE 0 12,500 0 0
Cavco Industries, Inc. (COM & Restricted) COM 149568107 115,642 1,540,664 SH   SOLE 0 1,540,664 0 0
CBS Corporation CL B 124857202 69,894 1,152,797 SH   SOLE 0 1,149,927 0 2,870
CBS Corporation CL B 124857202 9,143 150,800 SH   OTR 1 150,800 0 0
CEDAR REALTY TRUST INC COM 150602209 599 80,000 SH   SOLE 0 80,000 0 0
Century Communities Inc. COM 156504300 2,561 132,474 SH   SOLE 0 132,474 0 0
Circor International Inc. COM 17273K109 2,358 43,100 SH   SOLE 0 43,100 0 0
City National Corp. COM 178566105 7,956 89,315 SH   SOLE 0 89,315 0 0
Clean Harbors Inc. COM 184496107 4,469 78,715 SH   SOLE 0 78,715 0 0
Comerica Inc 2018 Warrants W EXP 11/14/2018 200340115 1,621 100,000 SH   SOLE 0 100,000 0 0
Comerica Inc. COM 200340107 128,480 2,846,892 SH   SOLE 0 2,841,531 0 5,361
Comerica Inc. COM 200340107 13,528 299,758 SH   OTR 1 299,758 0 0
Commerce Bancshares, Inc COM 200525103 8,431 199,220 SH   SOLE 0 199,220 0 0
Covanta Holding Corporation COM 22282E102 95,944 4,277,490 SH   SOLE 0 4,272,387 0 5,103
Covanta Holding Corporation COM 22282E102 489 21,800 SH   OTR 1 21,800 0 0
CSG Systems International, Inc. COM 126349109 9,701 319,229 SH   SOLE 0 319,229 0 0
CST Brands, Inc COM 12646R105 7,078 161,481 SH   SOLE 0 161,481 0 0
Cubic, Corp. COM 229669106 7,061 136,401 SH   SOLE 0 136,401 0 0
Cullen Frost Bankers, Inc. COM 229899109 8,585 124,271 SH   SOLE 0 124,271 0 0
Darling International Inc. COM 237266101 3,801 271,325 SH   SOLE 0 271,325 0 0
Deutsche High Income Opportunity Fund COM 25158Y102 4,447 309,656 SH   SOLE 0 309,656 0 0
Devon Energy Corp. COM 25179M103 90,439 1,499,563 SH   SOLE 0 1,496,956 0 2,607
Devon Energy Corp. COM 25179M103 15,555 257,916 SH   OTR 1 257,916 0 0
Dorman Products, Inc. COM 258278100 6,092 122,452 SH   SOLE 0 122,452 0 0
DST Systems COM 233326107 1,007 9,100 SH   SOLE 0 9,100 0 0
EMCOR Group, Inc. COM 29084Q100 11,441 246,200 SH   SOLE 0 246,200 0 0
Encana Corporation COM 292505104 286 25,600 SH   OTR 1 25,600 0 0
Encore Wire Corporation COM 292562105 2,531 66,812 SH   SOLE 0 66,812 0 0
EnerSys COM 29275Y102 8,224 128,025 SH   SOLE 0 128,025 0 0
Equity Commonwealth COM 294628102 95,354 3,591,479 SH   SOLE 0 3,591,479 0 0
Equity Commonwealth COM 294628102 1,085 40,876 SH   OTR 1 40,876 0 0
Excel Trust, Inc. COM 30068C109 545 38,890 SH   SOLE 0 38,890 0 0
First Industrial Realty Trust, Inc. COM 32054K103 116,038 5,414,733 SH   SOLE 0 5,414,733 0 0
First Industrial Realty Trust, Inc. COM 32054K103 1,251 58,385 SH   OTR 1 58,385 0 0
First Trust High Income Long/Short Fund COM 33738E109 13,331 813,828 SH   SOLE 0 813,828 0 0
Forest City Enterprises Inc. CL A CL A 345550107 168,350 6,596,790 SH   SOLE 0 6,596,790 0 0
Forest City Enterprises Inc. CL A CL A 345550107 1,717 67,269 SH   OTR 1 67,269 0 0
Forest City Enterprises Inc. CL B CL B CONV 345550305 63 2,452 SH   SOLE 0 2,452 0 0
Forestar Group Inc. COM 346233109 2,388 151,436 SH   SOLE 0 151,436 0 0
FTI Consulting Inc. COM 302941109 10,767 287,435 SH   SOLE 0 287,435 0 0
General Motors Co. COM 37045V100 68,968 1,839,145 SH   SOLE 0 1,835,995 0 3,150
General Motors Co. COM 37045V100 829 22,100 SH   OTR 1 22,100 0 0
Genpact Ltd. COM G3922B107 9,900 425,805 SH   SOLE 0 425,805 0 0
Glatfelter P. H. Co. COM 377316104 6,848 248,738 SH   SOLE 0 248,738 0 0
Hatteras Financial Corp. COM 41902R103 102 5,630 SH   SOLE 0 5,630 0 0
HCC Insurance Holdings COM 404132102 12,093 213,395 SH   SOLE 0 213,395 0 0
Hyatt Hotels Corp. CL A 448579102 27,853 470,331 SH   SOLE 0 470,331 0 0
Hyatt Hotels Corp. CL A 448579102 335 5,650 SH   OTR 1 5,650 0 0
ICF International, Inc. COM 44925C103 6,916 169,313 SH   SOLE 0 169,313 0 0
Ingram Micro Inc. CL A 457153104 6,094 242,611 SH   SOLE 0 242,611 0 0
Insight Enterprises, Inc. COM 45765U103 8,088 283,602 SH   SOLE 0 283,602 0 0
Kaiser Aluminum Corp. COM PAR $0.01 483007704 8,272 107,583 SH   SOLE 0 107,583 0 0
Keycorp COM 493267108 53,997 3,813,324 SH   SOLE 0 3,805,728 0 7,596
Kimco Realty Corp COM 49446R109 699 26,045 SH   SOLE 0 26,045 0 0
Legg Mason Inc. COM 524901105 9,142 165,614 SH   SOLE 0 165,614 0 0
Leucadia National Corporation COM 527288104 30,314 1,360,000 SH   SOLE 0 1,348,946 0 11,054
Leucadia National Corporation COM 527288104 17,606 789,859 SH   OTR 1 789,859 0 0
Loews Corporation COM 540424108 51,995 1,273,445 SH   SOLE 0 1,270,874 0 2,571
Lowe's Companies Inc. COM 548661107 93,451 1,256,236 SH   SOLE 0 1,256,236 0 0
Lowe's Companies Inc. COM 548661107 844 11,340 SH   OTR 1 11,340 0 0
LSB Industries Inc. COM 502160104 6,893 166,790 SH   SOLE 0 166,790 0 0
Multi-Color Corporation COM 625383104 4,794 69,147 SH   SOLE 0 69,147 0 0
Neuberger Berman High Yield Strategies Fund COM 64128C106 5,255 425,826 SH   SOLE 0 425,826 0 0
New America High Income Fund, Inc COM 641876800 5,156 569,728 SH   SOLE 0 569,728 0 0
NVIDIA Corp COM 67066G104 55,392 2,647,189 SH   SOLE 0 2,639,745 0 7,444
Pacific Premier Bancorp COM 69478X105 894 55,209 SH   SOLE 0 55,209 0 0
Patterson Companies Inc COM 703395103 9,248 189,552 SH   SOLE 0 189,552 0 0
PNC Financial Corp COM 693475105 52,146 559,269 SH   SOLE 0 558,125 0 1,144
PNC Financial Services Group 2018 Warrants W EXP 12/31/2018 693475121 51,458 1,964,049 SH   SOLE 0 1,964,049 0 0
PNC Financial Services Group 2018 Warrants W EXP 12/31/2018 693475121 490 18,705 SH   OTR 1 18,705 0 0
Posco ADR ADR 693483109 87,620 1,602,994 SH   SOLE 0 1,600,855 0 2,139
Posco ADR ADR 693483109 16,322 298,612 SH   OTR 1 298,612 0 0
Post Properties Inc. COM 737464107 74,254 1,304,305 SH   SOLE 0 1,304,305 0 0
Post Properties Inc. COM 737464107 684 12,009 SH   OTR 1 12,009 0 0
Powell Industries, Inc. COM 739128106 360 10,650 SH   SOLE 0 10,650 0 0
Powell Industries, Inc. COM 739128106 290 8,600 SH   OTR 1 8,600 0 0
Progress Software Corporation COM 743312100 9,533 350,867 SH   SOLE 0 350,867 0 0
Prologis Inc. COM 74340W103 387 8,880 SH   SOLE 0 8,880 0 0
Prosperity Bancshares Inc. COM 743606105 8,925 170,057 SH   SOLE 0 170,057 0 0
PS Business Parks, Inc. COM 69360J107 507 6,100 SH   SOLE 0 6,100 0 0
Radio One Inc Cl D CL D NON VTG 75040P405 7,119 2,311,360 SH   SOLE 0 2,311,360 0 0
Rayonier Inc. COM 754907103 90,615 3,361,082 SH   SOLE 0 3,361,082 0 0
Rayonier Inc. COM 754907103 841 31,200 SH   OTR 1 31,200 0 0
Realogy Holdings Corp. COM 75605Y106 74,733 1,643,209 SH   SOLE 0 1,643,209 0 0
Realogy Holdings Corp. COM 75605Y106 705 15,500 SH   OTR 1 15,500 0 0
Rofin-Sinar Technologies Inc. COM 775043102 8,470 349,558 SH   SOLE 0 349,558 0 0
Rosetta Resources Inc. COM 777779307 5,016 294,698 SH   SOLE 0 294,698 0 0
Seacor Holdings Inc. COM 811904101 4,613 66,219 SH   SOLE 0 66,219 0 0
SemGroup Corporation - CL A CL A 81663A105 7,876 96,825 SH   SOLE 0 96,825 0 0
Spanish Broadcasting System, Inc CL A 846425833 2,740 681,637 SH   SOLE 0 681,637 0 0
Standard Motor Products, Inc. COM 853666105 8,708 206,065 SH   SOLE 0 206,065 0 0
Starwood Waypoint Residential REIT COM 85571W109 67,614 2,615,625 SH   SOLE 0 2,615,625 0 0
Starwood Waypoint Residential REIT COM 85571W109 653 25,250 SH   OTR 1 25,250 0 0
Stepan Company COM 858586100 2,466 59,197 SH   SOLE 0 59,197 0 0
Suncoke Energy Inc. COM 86722A103 6,293 421,206 SH   SOLE 0 421,206 0 0
Symantec Corp COM 871503108 69,183 2,960,966 SH   SOLE 0 2,958,248 0 2,718
Syntel, Inc. COM 87162H103 12,413 239,958 SH   SOLE 0 239,958 0 0
Tanger Factory Outlet Centers, Inc COM 875465106 78,505 2,232,157 SH   SOLE 0 2,232,157 0 0
Tanger Factory Outlet Centers, Inc COM 875465106 686 19,496 SH   OTR 1 19,496 0 0
Tejon Ranch Co. COM 879080109 61,129 2,311,121 SH   SOLE 0 2,311,121 0 0
Tejon Ranch Co. COM 879080109 309 11,682 SH   OTR 1 11,682 0 0
Tejon Ranch Co. WTS EXP 08/31/201 W EXP 08/31/201 879080133 285 356,603 SH   SOLE 0 356,603 0 0
Tejon Ranch Co. WTS EXP 08/31/201 W EXP 08/31/201 879080133 2 2,729 SH   OTR 1 2,729 0 0
Telefex Inc. COM 879369106 6,775 56,069 SH   SOLE 0 56,069 0 0
Terreno Realty Corp. COM 88146M101 964 42,290 SH   SOLE 0 42,290 0 0
Tetra Tech, Inc. COM 88162G103 9,818 408,753 SH   SOLE 0 408,753 0 0
The Macerich Company COM 554382101 52,554 623,196 SH   SOLE 0 623,196 0 0
The Macerich Company COM 554382101 492 5,830 SH   OTR 1 5,830 0 0
Total Fina ELF S A ADR ADR 89151E109 226 4,559 SH   SOLE 0 4,559 0 0
UCP Inc. - Class A CL A 90265Y106 1,947 223,800 SH   SOLE 0 223,800 0 0
UMB Financial Corporation COM 902788108 8,456 159,873 SH   SOLE 0 159,873 0 0
UniFirst Corporation COM 904708104 6,303 53,555 SH   SOLE 0 53,555 0 0
Vail Resorts Inc. COM 91879Q109 7,337 70,947 SH   SOLE 0 70,947 0 0
Valley National Bancorp COM 919794107 6,352 672,934 SH   SOLE 0 672,934 0 0
Valmont Industries COM 920253101 24,844 202,182 SH   SOLE 0 201,757 0 425
Valmont Industries COM 920253101 233 1,900 SH   OTR 1 1,900 0 0
VCA Antech Inc. COM 918194101 8,436 153,881 SH   SOLE 0 153,881 0 0
Verizon Communications Corp. COM 92343V104 68 1,395 SH   SOLE 0 1,395 0 0
Viad Corp. COM 92552R406 7,964 286,256 SH   SOLE 0 286,256 0 0
Vodafone Group Plc - ADR ADR 92857W308 110 3,372 SH   SOLE 0 3,372 0 0
Vornado Realty Trust SH BEN INT 929042109 88,482 790,019 SH   SOLE 0 790,019 0 0
Vornado Realty Trust SH BEN INT 929042109 819 7,311 SH   OTR 1 7,311 0 0
WCI Communities Inc. COM 92923C807 11,761 491,049 SH   SOLE 0 491,049 0 0
Wells Fargo & Co. 2018 Warrants W EXP 10/28/2018 949746119 24,067 1,174,551 SH   SOLE 0 1,174,551 0 0
Wells Fargo & Co. 2018 Warrants W EXP 10/28/2018 949746119 261 12,752 SH   OTR 1 12,752 0 0
Wells Fargo & Co. NEW COM 949746101 1,520 27,937 SH   SOLE 0 27,937 0 0
Western Asset High Yield Defined Opportunity Fund COM 95768B107 8,817 539,286 SH   SOLE 0 539,286 0 0
Western Asset Managed High Income Fund COM 95766L107 5,303 1,025,669 SH   SOLE 0 1,025,669 0 0
Westlake Chemical Corp. COM 960413102 353 4,900 SH   SOLE 0 4,900 0 0
Weyerhaeuser Company COM 962166104 310,018 9,351,961 SH   SOLE 0 9,342,645 0 9,316
Weyerhaeuser Company COM 962166104 26,953 813,066 SH   OTR 1 813,066 0 0
White Mountains Insurance Group COM G9618E107 90,891 132,780 SH   SOLE 0 132,606 0 174
White Mountains Insurance Group COM G9618E107 11,767 17,190 SH   OTR 1 17,190 0 0
World Fuel Services Corp COM 981475106 11,005 191,453 SH   SOLE 0 191,453 0 0
Zions Bancorporation COM 989701107 77,257 2,861,358 SH   SOLE 0 2,861,358 0 0
Zions Bancorporation COM 989701107 745 27,600 SH   OTR 1 27,600 0 0