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 17,538 650,038 SH   SOLE   650,038 0 0
Acadia Realty Trust COM SH BEN INT 004239109 562 19,999 SH   SOLE   19,999 0 0
Actuant Corp. CL A 00508X203 25,549 739,062 SH   SOLE   739,062 0 0
AGCO Corp. COM 001084102 5,841 103,900 SH   OTR 1 103,900 0 0
AGCO Corp. COM 001084102 50,743 902,578 SH   SOLE   900,559 0 2,019
AK Steel Corp. COM 001547108 5,663 711,375 SH   SOLE   711,375 0 0
Alamo Group, Inc. COM 011311107 24,051 444,650 SH   SOLE   444,650 0 0
Alico, Inc. COM 016230104 12,207 325,613 SH   SOLE   325,613 0 0
Alleghany Corp. COM 017175100 6,655 15,189 SH   OTR 1 15,189 0 0
Alleghany Corp. COM 017175100 88,101 201,088 SH   SOLE   201,088 0 0
Allied Nevada Gold COM 019344100 7,376 1,961,723 SH   SOLE   1,961,723 0 0
Allscripts Healthcare Sol., Inc. COM 01988P108 32,514 2,025,793 SH   SOLE   2,025,793 0 0
Ally Financial Inc. COM 02005N100 3,335 139,500 SH   SOLE   139,500 0 0
American Homes 4 Rent CL A 02665T306 12,187 686,217 SH   SOLE   686,217 0 0
American Intl Group, Inc. COM 026874784 546 10,000 SH   SOLE   10,000 0 0
Annaly Capital Mgmt, Inc. COM 035710409 151 13,215 SH   SOLE   13,215 0 0
Apache Corp COM 037411105 9,585 95,255 SH   OTR 1 95,255 0 0
Apache Corp COM 037411105 126,588 1,258,078 SH   SOLE   1,256,205 0 1,873
Arch Capital Group Ltd. COM G0450A105 22,585 393,189 SH   SOLE   393,189 0 0
Arcos Dorados Holdings, Inc. COM G0457F107 19,109 1,706,142 SH   SOLE   1,706,142 0 0
Ares Dynamic Cr Allocation Fd, Inc. COM 04014F102 6,107 335,357 SH   SOLE   335,357 0 0
AVX Corporation COM 002444107 10,884 819,541 SH   SOLE   819,541 0 0
Axiall Corporation COM 05463D100 49,057 1,037,796 SH   SOLE   1,037,796 0 0
Bank of NY Mellon Corp. COM 064058100 24,542 654,790 SH   OTR 1 654,790 0 0
Bank of NY Mellon Corp. COM 064058100 163,928 4,373,754 SH   SOLE   4,366,384 0 7,370
BlackRock Corp Hi Yld Fd III Inc COM 09255P107 4,143 337,088 SH   SOLE   337,088 0 0
BlackRock Credit Allctn Inc Tr COM 092508100 14,431 1,049,551 SH   SOLE   1,049,551 0 0
Blucora, Inc. COM 095229100 12,796 678,111 SH   SOLE   678,111 0 0
Bristow Group Inc. COM 110394103 22,305 276,667 SH   SOLE   273,539 0 3,128
Broadridge Financial Sol. Inc. COM 11133T103 14,257 342,387 SH   SOLE   342,387 0 0
Brookdale Sr Living Inc. COM 112463104 343 10,299 SH   OTR 1 10,299 0 0
Brookdale Sr Living Inc. COM 112463104 61,180 1,835,033 SH   SOLE   1,835,033 0 0
Brookfield Asset Mgmt. CL A LTD VT SH 112585104 605 13,749 SH   OTR 1 13,749 0 0
Brookfield Asset Mgmt. CL A LTD VT SH 112585104 146,686 3,332,269 SH   SOLE   3,330,341 0 1,928
Brookfield Property Part. L.P UNIT LTD PARTN G16249107 557 26,692 SH   SOLE   26,692 0 0
Cal Maine Foods, Inc. COM 128030202 15,527 208,915 SH   SOLE   208,915 0 0
Capital One Financial W EXP 11/14/2018 14040H139 608 15,000 SH   SOLE   15,000 0 0
Capital Southwest COM 140501107 7,648 212,372 SH   SOLE   212,372 0 0
Capstead Mortgage Corp. COM NO PAR 14067E506 164 12,500 SH   SOLE   12,500 0 0
Cavco Industries, Inc. COM 149568107 147,304 1,726,891 SH   SOLE   1,726,891 0 0
Cedar Shopping Centers Inc. COM 150602209 500 80,000 SH   SOLE   80,000 0 0
City National Corp. COM 178566105 19,809 261,475 SH   SOLE   261,475 0 0
Comerica Inc. W EXP 11/14/2018 200340115 2,738 130,000 SH   SOLE   130,000 0 0
Comerica Inc. COM 200340107 13,531 269,758 SH   OTR 1 269,758 0 0
Comerica Inc. COM 200340107 114,711 2,286,903 SH   SOLE   2,284,403 0 2,500
Commerce Bancshares, Inc COM 200525103 25,815 555,166 SH   SOLE   555,166 0 0
CommonWealth REIT COM SH BEN INT 203233101 515 19,576 SH   OTR 1 19,576 0 0
CommonWealth REIT COM SH BEN INT 203233101 63,283 2,404,352 SH   SOLE   2,404,352 0 0
Consolidated Tomoka Ld Co. COM 210226106 274 5,966 SH   OTR 1 5,966 0 0
Consolidated Tomoka Ld Co. COM 210226106 11,585 252,402 SH   SOLE   252,402 0 0
Cooper Tire & Rubber Co. COM 216831107 19,803 660,100 SH   SOLE   660,100 0 0
Covanta Holding Corp. COM 22282E102 136,488 6,622,428 SH   SOLE   6,622,428 0 0
CSG Systems International, Inc. COM 126349109 29,524 1,130,753 SH   SOLE   1,130,753 0 0
CST Brands, Inc COM 12646R105 14,875 431,150 SH   SOLE   431,150 0 0
Cubic, Corp. COM 229669106 20,685 464,738 SH   SOLE   464,738 0 0
Cullen Frost Bankers, Inc. COM 229899109 15,950 200,830 SH   SOLE   200,830 0 0
Darling Int'l Inc. COM 237266101 28,822 1,379,021 SH   SOLE   1,379,021 0 0
Devon Energy Corp. COM 25179M103 19,820 249,616 SH   OTR 1 249,616 0 0
Devon Energy Corp. COM 25179M103 144,636 1,821,615 SH   SOLE   1,819,008 0 2,607
DWS High Inc Opp Fd Inc COM 23339M204 5,813 393,556 SH   SOLE   393,556 0 0
Electronics for Imaging Inc. COM 286082102 29,882 661,109 SH   SOLE   658,783 0 2,326
EMCOR Group, Inc. COM 29084Q100 36,267 814,436 SH   SOLE   814,436 0 0
Encana Corp. COM 292505104 9,612 405,395 SH   OTR 1 405,395 0 0
Encana Corp. COM 292505104 85,281 3,596,825 SH   SOLE   3,593,645 0 3,180
Encore Wire Corporation COM 292562105 15,453 315,115 SH   SOLE   315,115 0 0
EnerSys COM 29275Y102 34,366 499,585 SH   SOLE   499,585 0 0
ERA Group Inc. COM 26885G109 14,911 519,893 SH   SOLE   519,893 0 0
Excel Trust, Inc. COM 30068C109 12,511 938,591 SH   SOLE   938,591 0 0
ExlService Holdings Inc. COM 302081104 16,206 550,283 SH   SOLE   550,283 0 0
First Indust. Realty Tr, Inc. COM 32054K103 642 34,085 SH   OTR 1 34,085 0 0
First Indust. Realty Tr, Inc. COM 32054K103 80,515 4,273,625 SH   SOLE   4,273,625 0 0
First Trust Hi Inc Long/Sht Fd COM 33738E109 11,054 609,023 SH   SOLE   609,023 0 0
First Trust Strategic Hi IncFd II COM SHS NEW 337353304 3,077 188,173 SH   SOLE   188,173 0 0
Forest City Enter. Inc. CL A 345550107 1,078 54,269 SH   OTR 1 54,269 0 0
Forest City Enter. Inc. CL A 345550107 137,359 6,912,881 SH   SOLE   6,909,931 0 2,950
Forest Oil Corp. COM 346091705 9,120 4,000,000 SH   SOLE   4,000,000 0 0
Forestar Group Inc. COM 346233109 9,928 520,060 SH   SOLE   520,060 0 0
Foster (LB) Company COM 350060109 3,157 58,326 SH   SOLE   58,326 0 0
FTI Consulting Inc. COM 302941109 34,257 905,782 SH   SOLE   905,782 0 0
General Motors Co. COM 37045V100 3,139 86,467 SH   SOLE   86,467 0 0
Genpact Ltd. COM G3922B107 33,912 1,934,499 SH   SOLE   1,934,499 0 0
Glatfelter P. H. Co. COM 377316104 22,106 833,240 SH   SOLE   833,240 0 0
HCC Insurance Holdings COM 404132102 51,335 1,048,935 SH   SOLE   1,048,935 0 0
Hersha Hospitality Trust SH BEN INT A 427825104 363 54,168 SH   OTR 1 54,168 0 0
Hersha Hospitality Trust SH BEN INT A 427825104 41,729 6,218,863 SH   SOLE   6,218,863 0 0
Hyatt Hotels Corp. CL A 448579102 271 4,450 SH   OTR 1 4,450 0 0
Hyatt Hotels Corp. CL A 448579102 28,039 459,812 SH   SOLE   459,812 0 0
ICF International, Inc. COM 44925C103 22,093 624,812 SH   SOLE   624,812 0 0
Ingram Micro Inc. CL A 457153104 18,579 636,038 SH   SOLE   636,038 0 0
Insight Enterprises, Inc. COM 45765U103 24,940 811,329 SH   SOLE   811,329 0 0
Intel Corporation COM 458140100 99,762 3,228,534 SH   SOLE   3,228,534 0 0
Interdigital Inc. COM 45867G101 30,986 648,252 SH   SOLE   648,252 0 0
Isle of Capri Casinos Inc. COM 464592104 0 438,455 SH   SOLE   438,455 0 0
Kaiser Aluminum Corp. COM PAR $0.01 483007704 31,810 436,533 SH   SOLE   436,533 0 0
Kelly Services Inc. CL A 488152208 3,863 225,000 SH   SOLE   225,000 0 0
Kennametal Inc. COM 489170100 13,693 295,876 SH   SOLE   295,876 0 0
Keycorp COM 493267108 112,434 7,846,078 SH   SOLE   7,835,126 0 10,952
Kimco Realty Corp COM 49446R109 599 26,045 SH   SOLE   26,045 0 0
Legg Mason Inc. COM 524901105 34,516 672,688 SH   SOLE   672,688 0 0
Leucadia National Corp. COM 527288104 24,182 922,259 SH   OTR 1 922,259 0 0
Leucadia National Corp. COM 527288104 70,801 2,700,263 SH   SOLE   2,691,163 0 9,100
Liberty Media Corp. CL A 531229102 25,571 187,085 SH   SOLE   187,085 0 0
Lowe's Companies Inc. COM 548661107 736 15,340 SH   OTR 1 15,340 0 0
Lowe's Companies Inc. COM 548661107 87,438 1,822,006 SH   SOLE   1,822,006 0 0
LSB Industries Inc. COM 502160104 35,155 843,645 SH   SOLE   843,645 0 0
Madison Sq. Garden Inc. . CL A 55826P100 33,327 533,656 SH   SOLE   533,656 0 0
Mantech Intl Corp. CL A 564563104 22,003 745,371 SH   SOLE   741,821 0 3,550
MFS Intermediate Hi Inc Fd SH BEN INT 59318T109 1,543 524,984 SH   SOLE   524,984 0 0
Minerals Technologies Inc. COM 603158106 33,392 509,175 SH   SOLE   509,175 0 0
Multi-Color Corp. COM 625383104 31,805 794,921 SH   SOLE   794,921 0 0
Neuberger Berman Hi Yld Strat. Fd COM 64128C106 6,989 504,626 SH   SOLE   504,626 0 0
New America Hi Inc Fd, Inc COM 641876800 6,404 637,883 SH   SOLE   637,883 0 0
Noranda Aluminum Holding COM 65542W107 5,295 1,500,000 SH   SOLE   1,500,000 0 0
Nuveen Credit Strategies Inc Fd FUND 67073D102 9,168 979,439 SH   SOLE   979,439 0 0
NVIDIA Corp COM 67066G104 63,587 3,429,718 SH   SOLE   3,422,274 0 7,444
Oshkosh Corp. COM 688239201 14,083 253,609 SH   SOLE   253,609 0 0
Patterson Companies Inc COM 703395103 23,843 603,465 SH   SOLE   603,465 0 0
PHH Corporation COM 693320202 207 9,000 SH   OTR 1 9,000 0 0
PHH Corporation COM 693320202 22,196 965,903 SH   SOLE   965,903 0 0
PIMCO Dynamic Credit Inc. Fd COM 72202D106 4,269 179,209 SH   SOLE   179,209 0 0
PNC Fin'l Serv. Gp W EXP 12/31/2018 693475121 33,198 1,283,250 SH   SOLE   1,283,250 0 0
Posco ADR 693483109 23,561 316,512 SH   OTR 1 316,512 0 0
Posco ADR 693483109 149,214 2,004,493 SH   SOLE   2,004,493 0 0
Post Properties Inc. COM 737464107 503 9,409 SH   OTR 1 9,409 0 0
Post Properties Inc. COM 737464107 88,579 1,656,924 SH   SOLE   1,656,924 0 0
PR Wireless COM 31681940 5,000 5,000,000 SH   SOLE   5,000,000 0 0
Precision Drilling Corp, COM 74022D308 22,815 1,608,288 SH   SOLE   1,608,288 0 0
Progress Software Corp. COM 743312100 39,687 1,650,889 SH   SOLE   1,650,889 0 0
Prologis Inc. COM 74340W103 365 8,880 SH   SOLE   8,880 0 0
Prosperity Bancshares Inc. COM 743606105 33,338 532,553 SH   SOLE   532,553 0 0
PS Business Parks, Inc. COM 69360J107 509 6,100 SH   SOLE   6,100 0 0
Radio One Inc. CL D NON VTG 75040P405 11,395 2,311,360 SH   SOLE   2,311,360 0 0
Rayonier Inc. COM 754907103 327 9,200 SH   OTR 1 9,200 0 0
Rayonier Inc. COM 754907103 19,150 538,684 SH   SOLE   538,684 0 0
Realogy Holdings Corp. COM 75605Y106 121 3,200 SH   OTR 1 3,200 0 0
Realogy Holdings Corp. COM 75605Y106 15,274 405,034 SH   SOLE   405,034 0 0
Rofin-Sinar Tech. Inc. COM 775043102 40,848 1,699,162 SH   SOLE   1,695,084 0 4,078
Sanofi-Aventis SPON ADR 80105N105 713 13,402 SH   SOLE   13,402 0 0
Seacor Holdings Inc. COM 811904101 14,354 174,511 SH   OTR 1 174,511 0 0
Seacor Holdings Inc. COM 811904101 23,497 285,679 SH   SOLE   285,679 0 0
Select Income REIT COM SH BEN INT 81618T100 1,186 40,000 SH   SOLE   40,000 0 0
SemGroup Corporation CL A 81663A105 38,148 483,807 SH   SOLE   483,807 0 0
Spanish Broadcasting Sys., Inc CL A 846425833 3,844 681,637 SH   SOLE   681,637 0 0
Standard Motor Products, Inc. COM 853666105 16,424 367,674 SH   SOLE   367,674 0 0
Stanley Furniture Co., Inc. COM 854305208 65 24,274 SH   SOLE   24,274 0 0
Starz- Liberty Capital COM SER A 85571Q102 8,686 291,574 SH   SOLE   291,574 0 0
Stepan Company COM 858586100 25,293 478,486 SH   SOLE   478,486 0 0
Suncoke Energy Inc. COM 86722A103 28,256 1,314,216 SH   SOLE   1,314,216 0 0
Symantec Corp COM 871503108 59,624 2,603,676 SH   SOLE   2,603,676 0 0
Syntel, Inc. COM 87162H103 39,126 455,170 SH   SOLE   455,170 0 0
Tanger Factory Out. Ctrs, Inc. COM 875465106 266 7,596 SH   OTR 1 7,596 0 0
Tanger Factory Out. Ctrs, Inc. COM 875465106 50,526 1,444,852 SH   SOLE   1,444,852 0 0
Tejon Ranch Co. COM 879080109 363 11,282 SH   OTR 1 11,282 0 0
Tejon Ranch Co. COM 879080109 75,901 2,357,903 SH   SOLE   2,357,903 0 0
Tejon Ranch Co. W EXP 08/31/201 879080133 1,090 372,079 SH   SOLE   372,079 0 0
Telefex Inc. COM 879369106 28,561 270,465 SH   SOLE   270,465 0 0
Terreno Realty Corp. COM 88146M101 817 42,290 SH   SOLE   42,290 0 0
Tetra Tech, Inc. COM 88162G103 34,052 1,238,251 SH   SOLE   1,238,251 0 0
Texas Pacific Land Trust SUB CTF PROP I T 882610108 1,401 8,748 SH   SOLE   8,748 0 0
Tredegar Corp. COM 894650100 16,891 721,521 SH   SOLE   721,521 0 0
UMB Financial Corp. COM 902788108 30,788 485,695 SH   SOLE   485,695 0 0
UniFirst Corp. COM 904708104 38,261 360,951 SH   SOLE   360,951 0 0
United Stationers Inc COM 913004107 11,384 274,511 SH   SOLE   274,511 0 0
Vail Resorts Inc. COM 91879Q109 19,407 251,453 SH   SOLE   251,453 0 0
Valley National Bancorp COM 919794107 8,591 866,857 SH   SOLE   866,857 0 0
VCA Antech Inc. COM 918194101 19,556 557,312 SH   SOLE   557,312 0 0
Verizon Comm. Corp. COM 92343V104 2,612 53,388 SH   SOLE   52,497 0 891
Vornado Realty Trust SH BEN INT 929042109 578 5,411 SH   OTR 1 5,411 0 0
Vornado Realty Trust SH BEN INT 929042109 69,756 653,578 SH   SOLE   653,578 0 0
Wells Fargo & Co. W EXP 10/28/2018 949746119 20,122 938,530 SH   SOLE   938,530 0 0
Western Asset Hi Inc Opp Fd COM 95766K109 1,095 179,449 SH   SOLE   179,449 0 0
Western Asset Hi Yld Def Opp Fd COM 95768B107 9,151 510,954 SH   SOLE   510,954 0 0
Western Asset Mgd Hi Inc Fd COM 95766L107 3,882 669,372 SH   SOLE   669,372 0 0
Westwood Holdings Grp Inc. COM 961765104 24,909 414,877 SH   SOLE   414,877 0 0
Weyerhaeuser Co. COM 962166104 27,083 818,466 SH   OTR 1 818,466 0 0
Weyerhaeuser Co. COM 962166104 283,109 8,555,735 SH   SOLE   8,546,419 0 9,316
White Mtns Insur. Grp COM G9618E107 16,969 27,890 SH   OTR 1 27,890 0 0
White Mtns Insur. Grp COM G9618E107 99,636 163,757 SH   SOLE   163,583 0 174
World Fuel Services Corp. COM 981475106 40,639 825,488 SH   SOLE   825,488 0 0