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 6,202 216,472 SH   SOLE   216,472 0 0
Acadia Realty Trust COM SH BEN INT 004239109 641 19,999 SH   SOLE   19,999 0 0
Actuant Corp. CL A 00508X203 7,025 257,877 SH   SOLE   257,877 0 0
AGCO Corp COM 001084102 73,792 1,632,569 SH   SOLE   1,629,789 0 2,780
AGCO Corp COM 001084102 9,926 219,600 SH   OTR 1 219,600 0 0
Alamo Group, Inc. COM 011311107 7,091 146,379 SH   SOLE   146,379 0 0
Alico, Inc. COM 016230104 7,183 143,568 SH   SOLE   143,568 0 0
Alleghany Corp. COM 017175100 63,682 137,394 SH   SOLE   137,394 0 0
Allscripts Healthcare Sol., Inc. COM 01988P108 7,865 615,859 SH   SOLE   615,859 0 0
Ally Financial Inc. COM 02005N100 3,531 149,500 SH   SOLE   149,500 0 0
American Intl Group, Inc. COM 026874784 1,579 28,200 SH   SOLE   28,200 0 0
Anixter International Inc. COM 035290105 8,466 95,709 SH   SOLE   95,709 0 0
Annaly Capital Mgmt, Inc. COM 035710409 143 13,215 SH   SOLE   13,215 0 0
Apache Corp. COM 037411105 87,130 1,390,304 SH   SOLE   1,388,431 0 1,873
Apache Corp. COM 037411105 8,495 135,555 SH   OTR 1 135,555 0 0
Arch Capital Group Ltd. ORD G0450A105 7,205 121,917 SH   SOLE   121,917 0 0
Arcos Dorados Holdings, Inc. SHS CL A G0457F107 8,002 1,479,201 SH   SOLE   1,479,201 0 0
Ares Dynamic Cr Allocation Fd, Inc. COM 04014F102 4,696 296,871 SH   SOLE   296,871 0 0
Bank of NY Mellon Corp. COM 064058100 149,210 3,677,842 SH   SOLE   3,670,472 0 7,370
Bank of NY Mellon Corp. COM 064058100 17,230 424,690 SH   OTR 1 424,690 0 0
Barnes Group Inc. COM 067806109 9,784 264,348 SH   SOLE   264,348 0 0
BlackRock Corp Hi Yld Fd VI COM 09255P107 24,187 2,121,660 SH   SOLE   2,121,660 0 0
BlackRock Credit Allctn Inc Tr COM 092508100 11,657 902,228 SH   SOLE   902,228 0 0
Bristow Group Inc. COM 110394103 9,982 151,731 SH   SOLE   148,603 0 3,128
Broadridge Financial Sol. Inc. COM 11133T103 5,140 111,313 SH   SOLE   111,313 0 0
Brookdale Sr Living Inc. COM 112463104 115,478 3,149,117 SH   SOLE   3,147,141 0 1,976
Brookdale Sr Living Inc. COM 112463104 612 16,699 SH   OTR 1 16,699 0 0
Brookfield Asset Mgmt. CL A LTD VT SH 112585104 152,353 3,039,151 SH   SOLE   3,037,223 0 1,928
Brookfield Asset Mgmt. CL A LTD VT SH 112585104 719 14,349 SH   OTR 1 14,349 0 0
Capital One Financial W EXP 11/14/2018 14040H139 627 15,000 SH   SOLE   15,000 0 0
Capital Southwest COM 140501107 5,700 150,348 SH   SOLE   150,348 0 0
Capstead Mortgage Corp. COM NO PAR 14067E506 154 12,500 SH   SOLE   12,500 0 0
Cavco Industries, Inc. COM 149568107 126,916 1,601,059 SH   SOLE   1,601,059 0 0
CBS Corp. CL B 124857202 62,267 1,125,173 SH   SOLE   1,123,174 0 1,999
CBS Corp. CL B 124857202 7,128 128,800 SH   OTR 1 128,800 0 0
Cedar Shopping Centers Inc. COM 150602209 587 80,000 SH   SOLE   80,000 0 0
Century Communities Inc. COM 156504300 2,289 132,474 SH   SOLE   132,474 0 0
City National Corp. COM 178566105 7,218 89,315 SH   SOLE   89,315 0 0
Clean Harbors Inc. COM 184496107 5,483 114,107 SH   SOLE   114,107 0 0
Comerica Inc. W EXP 11/14/2018 200340115 2,336 130,000 SH   SOLE   130,000 0 0
Comerica Inc. COM 200340107 114,616 2,446,962 SH   SOLE   2,444,308 0 2,654
Comerica Inc. COM 200340107 13,076 279,158 SH   OTR 1 279,158 0 0
Commerce Bancshares, Inc COM 200525103 7,886 181,336 SH   SOLE   181,336 0 0
Cooper Tire & Rubber Co. COM 216831107 2,247 64,854 SH   SOLE   64,854 0 0
Covanta Holding Corp. COM 22282E102 89,768 4,078,528 SH   SOLE   4,078,528 0 0
CSG Systems International, Inc. COM 126349109 8,853 353,141 SH   SOLE   353,141 0 0
CST Brands, Inc COM 12646R105 6,459 148,116 SH   SOLE   148,116 0 0
Cubic, Corp. COM 229669106 8,589 163,164 SH   SOLE   163,164 0 0
Cullen Frost Bankers, Inc. COM 229899109 7,529 106,577 SH   SOLE   106,577 0 0
Darling International Inc. COM 237266101 8,027 442,025 SH   SOLE   442,025 0 0
Deutsche Hi Inc Opp Fd COM 25158Y102 4,843 345,156 SH   SOLE   345,156 0 0
Devon Energy Corp. COM 25179M103 92,937 1,518,325 SH   SOLE   1,515,718 0 2,607
Devon Energy Corp. COM 25179M103 15,689 256,316 SH   OTR 1 256,316 0 0
DST Sys Inc. COM 233326107 282 3,000 SH   SOLE   3,000 0 0
EMCOR Group, Inc. COM 29084Q100 10,950 246,113 SH   SOLE   246,113 0 0
Encana Corporation COM 292505104 357 25,600 SH   SOLE   25,600 0 0
Encore Wire Corp. COM 292562105 2,494 66,812 SH   SOLE   66,812 0 0
EnerSys COM 29275Y102 7,900 128,000 SH   SOLE   128,000 0 0
Equity Commonwealth COM 294628102 91,492 3,564,174 SH   SOLE   3,564,174 0 0
Equity Commonwealth COM 294628102 816 31,776 SH   OTR 1 31,776 0 0
ERA Group Inc. COM 26885G109 5,172 244,522 SH   SOLE   244,522 0 0
Excel Trust, Inc. COM 30068C109 521 38,890 SH   SOLE   38,890 0 0
ExlService Holdings Inc. COM 302081104 431 15,007 SH   SOLE   15,007 0 0
First Industrial Realty Tr, Inc. COM 32054K103 110,533 5,376,109 SH   SOLE   5,376,109 0 0
First Industrial Realty Tr, Inc. COM 32054K103 995 48,385 SH   OTR 1 48,385 0 0
First Trust Hi Inc Long/Sht Fd COM 33738E109 12,768 798,023 SH   SOLE   798,023 0 0
Forest City Enter. Inc. CL A 345550107 134,693 6,323,636 SH   SOLE   6,323,636 0 0
Forest City Enter. Inc. CL A 345550107 1,213 56,969 SH   OTR 1 56,969 0 0
Forest Oil Corp. COM 346091705 900 4,000,000 SH   SOLE   4,000,000 0 0
Forestar Group Inc. COM 346233109 2,332 151,436 SH   SOLE   151,436 0 0
FTI Consulting Inc. COM 302941109 11,100 287,343 SH   SOLE   287,343 0 0
General Motors Co. COM 37045V100 68,586 1,964,658 SH   SOLE   1,961,974 0 2,684
General Motors Co. COM 37045V100 946 27,100 SH   OTR 1 27,100 0 0
Genpact Ltd. COM G3922B107 12,096 638,961 SH   SOLE   638,961 0 0
Glatfelter P. H. Co. COM 377316104 7,501 293,347 SH   SOLE   293,347 0 0
HCC Insurance Holdings COM 404132102 16,693 311,894 SH   SOLE   311,894 0 0
Hersha Hospitality Trust SH BEN INT A 427825104 24,970 3,551,948 SH   SOLE   3,551,948 0 0
Hersha Hospitality Trust SH BEN INT A 427825104 209 29,746 SH   OTR 1 29,746 0 0
Hyatt Hotels Corp. CL A 448579102 28,224 468,763 SH   SOLE   468,763 0 0
Hyatt Hotels Corp. CL A 448579102 292 4,850 SH   OTR 1 4,850 0 0
ICF International, Inc. COM 44925C103 6,938 169,313 SH   SOLE   169,313 0 0
Independence Bank COM 45340P108 1,130 76,900 SH   SOLE   76,900 0 0
Ingram Micro Inc. CL A 457153104 5,614 203,094 SH   SOLE   203,094 0 0
Insight Enterprises, Inc. COM 45765U103 6,718 259,467 SH   SOLE   259,467 0 0
Isle of Capri Casinos Inc. COM 464592104 299 35,743 SH   SOLE   35,743 0 0
Kaiser Aluminum Corp. COM PAR $0.01 483007704 7,682 107,548 SH   SOLE   107,548 0 0
Keycorp COM 493267108 100,194 7,208,189 SH   SOLE   7,197,237 0 10,952
Kimco Realty Corp COM 49446R109 655 26,045 SH   SOLE   26,045 0 0
Legg Mason Inc. COM 524901105 11,472 214,949 SH   SOLE   214,949 0 0
Leucadia National Corp. COM 527288104 36,192 1,614,291 SH   SOLE   1,603,237 0 11,054
Leucadia National Corp. COM 527288104 19,565 872,659 SH   OTR 1 872,659 0 0
Loews Corporation COM 540424108 48,550 1,155,399 SH   SOLE   1,155,399 0 0
Lowe's Companies Inc. COM 548661107 85,820 1,247,385 SH   SOLE   1,247,385 0 0
Lowe's Companies Inc. COM 548661107 746 10,840 SH   OTR 1 10,840 0 0
LSB Industries Inc. COM 502160104 8,321 264,649 SH   SOLE   264,649 0 0
Madison Sq. Garden Inc. CL A 55826P100 757 10,053 SH   SOLE   10,053 0 0
Multi-Color Corp. COM 625383104 7,754 139,909 SH   SOLE   139,909 0 0
Navient Corp. COM 63938C108 1,536 71,100 SH   SOLE   71,100 0 0
Neuberger Berman Hgh Yld Fd COM 64128C106 5,238 425,826 SH   SOLE   425,826 0 0
New America Hi Inc Fd, Inc COM 641876800 5,058 565,757 SH   SOLE   565,757 0 0
NVIDIA Corp. COM 67066G104 53,882 2,687,373 SH   SOLE   2,679,929 0 7,444
Patterson Co. Inc COM 703395103 10,211 212,281 SH   SOLE   212,281 0 0
Pinnacle Entertainment Inc. COM 723456109 5,678 255,200 SH   SOLE   255,200 0 0
PNC Financial Corp. COM 693475105 1,306 14,310 SH   SOLE   14,310 0 0
PNC Fin'l Serv. Gp W EXP 12/31/2018 693475121 49,003 1,964,049 SH   SOLE   1,964,049 0 0
PNC Fin'l Serv. Gp W EXP 12/31/2018 693475121 414 16,605 SH   OTR 1 16,605 0 0
Posco ADR ADR 693483109 94,814 1,485,874 SH   SOLE   1,485,874 0 0
Posco ADR ADR 693483109 18,863 295,612 SH   OTR 1 295,612 0 0
Post Pptys Inc. COM 737464107 71,686 1,219,778 SH   SOLE   1,219,778 0 0
Post Pptys Inc. COM 737464107 647 11,009 SH   OTR 1 11,009 0 0
Powell Industries, Inc. COM 739128106 523 10,650 SH   SOLE   10,650 0 0
Progress Software Corp. COM 743312100 12,256 453,607 SH   SOLE   453,607 0 0
Prologis Inc. COM 74340W103 382 8,880 SH   SOLE   8,880 0 0
Prosperity Bancshares Inc. COM 743606105 9,409 169,968 SH   SOLE   169,968 0 0
PS Business Parks, Inc. COM 69360J107 485 6,100 SH   SOLE   6,100 0 0
Radio One Inc CL D NON VTG 75040P405 3,860 2,311,360 SH   SOLE   2,311,360 0 0
Rayonier Inc. COM 754907103 69,894 2,501,570 SH   SOLE   2,501,570 0 0
Rayonier Inc. COM 754907103 601 21,500 SH   OTR 1 21,500 0 0
Realogy Holdings Corp. COM 75605Y106 72,630 1,632,511 SH   SOLE   1,632,511 0 0
Realogy Holdings Corp. COM 75605Y106 658 14,800 SH   OTR 1 14,800 0 0
Regal-Beloit Corp. COM 758750103 4,088 54,356 SH   SOLE   54,356 0 0
Regal-Beloit Corp. COM 758750103 180 2,400 SH   OTR 1 2,400 0 0
Rofin-Sinar Tech Inc. COM 775043102 12,149 422,287 SH   SOLE   422,287 0 0
Sanofi-Aventis SPON ADR 80105N105 488 10,704 SH   SOLE   10,704 0 0
Seacor Holdings Inc. COM 811904101 6,825 92,468 SH   SOLE   92,468 0 0
SemGroup Corp. CL A 81663A105 6,620 96,800 SH   SOLE   96,800 0 0
Spanish Broadcasting System, Inc CL A 846425833 1,575 681,637 SH   SOLE   681,637 0 0
Standard Motor Products, Inc. COM 853666105 7,854 206,030 SH   SOLE   206,030 0 0
Starwood Waypoint Residential REIT 85571W109 68,551 2,599,583 SH   SOLE   2,599,583 0 0
Starwood Waypoint Residential REIT 85571W109 589 22,350 SH   OTR 1 22,350 0 0
Stepan Co. COM 858586100 7,554 188,471 SH   SOLE   188,471 0 0
Suncoke Energy Inc. COM 86722A103 8,142 420,981 SH   SOLE   420,981 0 0
Symantec Corp. COM 871503108 69,598 2,712,837 SH   SOLE   2,712,837 0 0
Syntel, Inc. COM 87162H103 10,793 239,958 SH   SOLE   239,958 0 0
Tanger Factory Out. Ctrs, Inc. COM 875465106 74,970 2,028,419 SH   SOLE   2,028,419 0 0
Tanger Factory Out. Ctrs, Inc. COM 875465106 606 16,396 SH   OTR 1 16,396 0 0
Target Corporation COM 87612E106 51,730 681,465 SH   SOLE   680,219 0 1,246
Target Corporation COM 87612E106 5,481 72,200 SH   OTR 1 72,200 0 0
Tejon Ranch Co. COM 879080109 68,240 2,316,376 SH   SOLE   2,316,376 0 0
Tejon Ranch Co. COM 879080109 344 11,682 SH   OTR 1 11,682 0 0
Tejon Ranch Co. W EXP 08/31/2016 879080133 5 2,729 SH   OTR 1 2,729 0 0
Tejon Ranch Co. W EXP 08/31/2016 879080133 624 356,603 SH   SOLE   356,603 0 0
Telefex Inc. COM 879369106 6,438 56,069 SH   SOLE   56,069 0 0
Terreno Realty Corp. COM 88146M101 872 42,290 SH   SOLE   42,290 0 0
Tetra Tech, Inc. COM 88162G103 10,911 408,665 SH   SOLE   408,665 0 0
Total Fina ELF S A ADR 89151E109 215 4,201 SH   SOLE   4,201 0 0
UCP Inc. CL A 90265Y106 1,825 173,800 SH   SOLE   173,800 0 0
UMB Financial Corp. COM 902788108 8,829 155,202 SH   SOLE   155,202 0 0
UniFirst Corp. COM 904708104 15,161 124,833 SH   SOLE   124,833 0 0
Vail Resorts Inc. COM 91879Q109 7,695 84,439 SH   SOLE   84,439 0 0
Valley National Bancorp COM 919794107 4,596 473,304 SH   SOLE   473,304 0 0
Valmont Industries COM 920253101 23,112 181,983 SH   SOLE   181,983 0 0
VCA Antech Inc. COM 918194101 7,505 153,881 SH   SOLE   153,881 0 0
Viad Corp. COM 92552R406 2,620 98,288 SH   SOLE   98,288 0 0
Vornado Realty Trust SH BEN INT 929042109 92,419 785,139 SH   SOLE   785,139 0 0
Vornado Realty Trust SH BEN INT 929042109 837 7,111 SH   OTR 1 7,111 0 0
Voya Financial Inc COM 929089100 848 20,000 SH   SOLE   20,000 0 0
WCI Communities Inc. COM 92923C807 8,476 432,870 SH   SOLE   432,870 0 0
Wells Fargo & Co. W EXP 10/28/2018 949746119 264 12,352 SH   OTR 1 12,352 0 0
Wells Fargo & Co. W EXP 10/28/2018 949746119 25,088 1,174,551 SH   SOLE   1,174,551 0 0
Wells Fargo & Co. COM 949746101 916 16,701 SH   SOLE   16,701 0 0
Western Asset Hi Yld Def Opp Fd COM 95768B107 8,388 531,872 SH   SOLE   531,872 0 0
Western Asset Mgd Hi Inc Fd COM 95766L107 5,241 1,025,669 SH   SOLE   1,025,669 0 0
Westlake Chemical Corp. COM 960413102 275 4,500 SH   SOLE   4,500 0 0
Weyerhaeuser Co. COM 962166104 305,088 8,500,644 SH   SOLE   8,491,328 0 9,316
Weyerhaeuser Co. COM 962166104 28,743 800,866 SH   OTR 1 800,866 0 0
White Mtns Insur. Grp COM G9618E107 86,620 137,468 SH   SOLE   137,294 0 174
White Mtns Insur. Grp COM G9618E107 10,706 16,990 SH   OTR 1 16,990 0 0
World Fuel Services Corp COM 981475106 12,559 267,611 SH   SOLE   267,611 0 0
Zions Bancorporation COM 989701107 80,909 2,837,921 SH   SOLE   2,837,921 0 0
Zions Bancorporation COM 989701107 741 26,000 SH   OTR 1 26,000 0 0