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 29,699 1,038,773 SH   SOLE   1,038,773 0 0
Acadia Realty Trust COM SH BEN INT 004239109 497 19,999 SH   SOLE   19,999 0 0
AK Steel Corp. COM 001547108 5,833 711,375 SH   SOLE   711,375 0 0
Alamo Group, Inc. COM 011311107 29,769 490,501 SH   SOLE   490,501 0 0
Alexander's, Inc. COM 014752109 1,650 5,000 SH   SOLE   5,000 0 0
Alico, Inc. COM 016230104 13,314 342,517 SH   SOLE   342,517 0 0
Alleghany Corp. COM 017175100 8,369 20,925 SH   OTR 1 20,925 0 0
Alleghany Corp. COM 017175100 76,283 190,726 SH   SOLE   190,726 0 0
Allied Nevada Gold COM 019344100 5,394 1,519,455 SH   SOLE   1,519,455 0 0
Allscripts Healthcare Sol., Inc. COM 01988P108 23,738 1,535,465 SH   SOLE   1,535,465 0 0
American Eagle Outfitters COM 02553E106 5,875 407,998 SH   SOLE   407,998 0 0
American Homes 4 Rent COM 02665T306 14,268 880,720 SH   SOLE   880,720 0 0
American Res. Prop., Inc. COM 02927E303 1,716 100,000 SH   SOLE   100,000 0 0
Annaly Capital Mgmt, Inc. COM 035710409 132 13,215 SH   SOLE   13,215 0 0
Apache Corp COM 037411105 93,845 1,091,980 SH   SOLE   1,091,171 0 809
Arch Capital Group Ltd. ORD G0450A105 46,293 775,565 SH   SOLE   775,565 0 0
Ares Dynamic Cr Allocation Fd, Inc. COM 04014F102 5,805 322,875 SH   SOLE   322,875 0 0
Ascena Retail Group, Inc. COM 04351G101 10,099 477,260 SH   SOLE   477,260 0 0
AVX Corporation COM 002444107 20,052 1,439,492 SH   SOLE   1,439,492 0 0
Axiall Corporation COM 05463D100 56,431 1,189,524 SH   SOLE   1,189,524 0 0
Babson Cap Glb Sht Dur Hi Yd Fd COM 05617T100 1,873 81,347 SH   SOLE   81,347 0 0
Bank of NY Mellon Corp. COM 064058100 31,975 915,139 SH   OTR 1 915,139 0 0
Bank of NY Mellon Corp. COM 064058100 216,707 6,202,268 SH   SOLE   6,194,898 0 7,370
Barrick Gold Corp. COM 067901108 4,393 249,447 SH   SOLE   249,447 0 0
Bel Fuse Inc. CL B 077347300 3,333 156,384 SH   SOLE   156,384 0 0
Big Lots, Inc. COM 089302103 18,420 570,465 SH   SOLE   570,465 0 0
BlackRock Corp Hi Yld Fd III Inc COM 09255P107 4,049 332,703 SH   SOLE   332,703 0 0
BlackRock Credit Allctn Inc Tr COM 092508100 13,141 1,006,171 SH   SOLE   1,006,171 0 0
Blucora, Inc. COM 095229100 21,123 724,395 SH   SOLE   724,395 0 0
Bristow Group Inc. COM 110394103 23,638 314,928 SH   SOLE   311,800 0 3,128
Broadridge Financial Sol. Inc. COM 11133T103 15,546 393,358 SH   SOLE   393,358 0 0
Brookdale Sr Living Inc. COM 112463104 280 10,299 SH   OTR 1 10,299 0 0
Brookdale Sr Living Inc. COM 112463104 51,388 1,890,659 SH   SOLE   1,890,659 0 0
Brookfield Asset Mgmt. CL A LTD VT SH 112585104 16,598 427,462 SH   OTR 1 427,462 0 0
Brookfield Asset Mgmt. CL A LTD VT SH 112585104 188,393 4,851,735 SH   SOLE   4,843,682 0 8,053
Brookfield Property Part. L.P UNIT LTD PARTN G16249107 532 26,692 SH   SOLE   26,692 0 0
Cal Maine Foods, Inc. COM 128030202 35,909 596,192 SH   SOLE   596,192 0 0
Capital One Financial W EXP 11/14/2018 14040H139 532 15,000 SH   SOLE   15,000 0 0
Capital Southwest COM 140501107 7,928 227,372 SH   SOLE   227,372 0 0
Capstead Mortgage Corp COM NO PAR 14067E506 151 12,500 SH   SOLE   12,500 0 0
Cass Information Sys., Inc. COM 14808P109 11,295 167,709 SH   SOLE   167,709 0 0
Cavco Industries, Inc. COM 149568107 121,165 2,004,502 SH   SOLE   2,004,502 0 0
Cedar Shopping Cent. Inc. COM 150602209 833 133,000 SH   SOLE   133,000 0 0
Cenovus Energy Inc. COM 15135U109 550 19,200 SH   SOLE   19,200 0 0
Chesapeake Energy COM 165167107 2,714 100,000 SH   SOLE   100,000 0 0
Chiquita Brands Int'l Inc. COM 170032809 2,857 244,155 SH   SOLE   244,155 0 0
City National Corp. COM 178566105 22,392 282,662 SH   SOLE   282,662 0 0
Cloud Peak Energy Inc. COM 18911Q102 13,485 749,163 SH   SOLE   749,163 0 0
Comerica Inc W EXP 11/14/2018 200340115 2,477 130,000 SH   SOLE   130,000 0 0
Comerica Inc. COM 200340107 5,753 121,007 SH   OTR 1 121,007 0 0
Comerica Inc. COM 200340107 109,244 2,297,933 SH   SOLE   2,295,922 0 2,011
Commerce Bancshares, Inc COM 200525103 19,623 436,933 SH   SOLE   436,933 0 0
CommonWealth REIT COM SH BEN INT 203233101 300 12,869 SH   OTR 1 12,869 0 0
CommonWealth REIT COM SH BEN INT 203233101 31,351 1,344,965 SH   SOLE   1,344,965 0 0
Compass Minerals Intl COM 20451N101 43,831 547,543 SH   SOLE   547,543 0 0
Consolidated Tomoka Ld Co. COM 210226106 467 12,875 SH   OTR 1 12,875 0 0
Consolidated Tomoka Ld Co. COM 210226106 19,180 528,531 SH   SOLE   528,531 0 0
Cooper Tire & Rubber Co. COM 216831107 962 40,000 SH   SOLE   40,000 0 0
Covanta Holding Corp. COM 22282E102 117,548 6,622,428 SH   SOLE   6,622,428 0 0
Cowen group Inc. CL A 223622101 3,569 912,834 SH   SOLE   912,834 0 0
CSG Sys. Int'l, Inc. COM 126349109 28,025 953,215 SH   SOLE   953,215 0 0
CST Brands, Inc COM 12646R105 18,125 493,587 SH   SOLE   493,587 0 0
Cubic, Corp. COM 229669106 20,959 398,011 SH   SOLE   398,011 0 0
Cullen Frost Bankers, Inc. COM 229899109 17,136 230,230 SH   SOLE   230,230 0 0
Darling Int'l Inc. COM 237266101 26,042 1,247,226 SH   SOLE   1,247,226 0 0
Devon Energy Corp. COM 25179M103 17,183 277,731 SH   OTR 1 277,731 0 0
Devon Energy Corp. COM 25179M103 175,560 2,837,564 SH   SOLE   2,834,957 0 2,607
DWS High Inc Opp Fd Inc COM 23339M204 5,667 393,556 SH   SOLE   393,556 0 0
Eldorado Gold Corp. COM 284902103 342 60,300 SH   SOLE   60,300 0 0
Electro Scientific Ind., Inc. COM 285229100 4,990 477,069 SH   SOLE   477,069 0 0
Electronics for Imaging Inc. COM 286082102 50,938 1,315,207 SH   SOLE   1,306,182 0 9,025
EMCOR Group, Inc. COM 29084Q100 58,141 1,369,960 SH   SOLE   1,369,960 0 0
Encana Corp. COM 292505104 9,710 537,895 SH   OTR 1 537,895 0 0
Encana Corp. COM 292505104 56,373 3,123,140 SH   SOLE   3,119,976 0 3,164
Encore Wire Corp. COM 292562105 25,237 465,628 SH   SOLE   465,628 0 0
EnerSys COM 29275Y102 42,202 602,118 SH   SOLE   602,118 0 0
ERA Group Inc. COM 26885G109 13,336 432,153 SH   SOLE   432,153 0 0
Excel Trust, Inc. COM 30068C109 11,847 1,040,091 SH   SOLE   1,040,091 0 0
First Indust. Realty Tr, Inc. COM 32054K103 604 34,585 SH   OTR 1 34,585 0 0
First Indust. Realty Tr, Inc. COM 32054K103 74,959 4,295,673 SH   SOLE   4,295,673 0 0
First Niagara Fin'l Gp, Inc. COM 33582V108 109 10,275 SH   SOLE   10,275 0 0
First Potomac Realty Trust COM 33610F109 4,177 359,144 SH   SOLE   359,144 0 0
First Trust Hi Inc Long/Sht Fd COM 33738E109 9,980 579,544 SH   SOLE   579,544 0 0
First Trust Strategic Hi IncFd II COM SHS NEW 337353304 2,845 177,241 SH   SOLE   177,241 0 0
Forest City Enter. Inc. CL A 345550107 941 49,269 SH   OTR 1 49,269 0 0
Forest City Enter. Inc. CL A 345550107 134,089 7,020,360 SH   SOLE   7,017,410 0 2,950
FTI Consulting Inc. COM 302941109 20,008 486,340 SH   SOLE   486,340 0 0
General Motors Co. COM 37045V100 9,051 221,467 SH   SOLE   221,467 0 0
Glatfelter P. H. Co. COM 377316104 32,644 1,181,053 SH   SOLE   1,181,053 0 0
HCC Insurance Holdings COM 404132102 56,968 1,234,679 SH   SOLE   1,234,679 0 0
Hersha Hospitality Tr. SH BEN INT A 427825104 302 54,168 SH   OTR 1 54,168 0 0
Hersha Hospitality Tr. SH BEN INT A 427825104 34,933 6,271,641 SH   SOLE   6,271,641 0 0
Hyatt Hotels Corp. CL A 448579102 235 4,750 SH   OTR 1 4,750 0 0
Hyatt Hotels Corp. CL A 448579102 23,967 484,573 SH   SOLE   484,573 0 0
IAMGOLD Corp. COM 450913108 529 158,825 SH   SOLE   158,825 0 0
ICF Int'l, Inc. COM 44925C103 39,057 1,125,230 SH   SOLE   1,125,230 0 0
ING U.S Inc. COM 45685E106 703 20,000 SH   SOLE   20,000 0 0
Ingram Micro Inc. CL A 457153104 13,712 584,495 SH   SOLE   584,495 0 0
Insight Enterprises, Inc. COM 45765U103 28,908 1,272,905 SH   SOLE   1,272,905 0 0
Insteel Industries Inc. COM 45774W108 13,588 597,808 SH   SOLE   597,808 0 0
Intel Corporation COM 458140100 84,438 3,252,638 SH   SOLE   3,252,638 0 0
Interdigital Inc. COM 45867G101 23,050 781,611 SH   SOLE   781,611 0 0
J&J Snack Foods Corp. COM 466032109 12,182 137,509 SH   SOLE   137,509 0 0
Kaiser Aluminum Corp. COM PAR $0.01 483007704 32,879 468,102 SH   SOLE   468,102 0 0
Kelly Services Inc. CL A 488152208 5,612 225,000 SH   SOLE   225,000 0 0
Kennametal Inc. COM 489170100 41,701 800,873 SH   SOLE   800,873 0 0
Keycorp COM 493267108 17,710 1,319,680 SH   OTR 1 1,319,680 0 0
Keycorp COM 493267108 133,371 9,938,259 SH   SOLE   9,925,784 0 12,475
Kimco Realty Corp COM 49446R109 514 26,045 SH   SOLE   26,045 0 0
Kinross Gold Corp. COM NO PAR 496902404 29,870 6,825,154 SH   SOLE   6,825,154 0 0
Legg Mason Inc. COM 524901105 37,197 855,488 SH   SOLE   855,488 0 0
Leucadia Natl Corp. COM 527288104 26,495 934,895 SH   OTR 1 934,895 0 0
Leucadia Natl Corp. COM 527288104 140,786 4,967,763 SH   SOLE   4,958,663 0 9,100
Liberty Media Corp. CL A 531229102 44,368 302,959 SH   SOLE   302,959 0 0
Lowe's Co. Inc. COM 548661107 760 15,340 SH   OTR 1 15,340 0 0
Lowe's Co. Inc. COM 548661107 90,533 1,827,097 SH   SOLE   1,827,097 0 0
LSB Industries Inc. COM 502160104 45,835 1,117,393 SH   SOLE   1,117,393 0 0
Madison Sq. Garden Inc. CL A 55826P100 21,142 367,177 SH   SOLE   367,177 0 0
Mantech Int'l Corp. CL A 564563104 25,248 843,573 SH   SOLE   840,023 0 3,550
MFS Intermediate Hi Inc Fd SH BEN INT 59318T109 1,517 524,984 SH   SOLE   524,984 0 0
Minerals Technologies Inc. COM 603158106 37,372 622,137 SH   SOLE   622,137 0 0
Myriad Genetics COM 62855J104 6,888 328,314 SH   SOLE   328,314 0 0
Neuberger Berman Hi Yld Strat. Fd COM 64128C106 4,747 358,026 SH   SOLE   358,026 0 0
New America Hi Inc Fd, Inc COM 641876800 3,956 409,902 SH   SOLE   409,902 0 0
Newmont Mining Corp. COM 651639106 21,825 947,660 SH   SOLE   947,660 0 0
Noranda Aluminum Holding COM 65542W107 4,935 1,500,000 SH   SOLE   1,500,000 0 0
NVIDIA Corp COM 67066G104 56,842 3,548,212 SH   SOLE   3,540,768 0 7,444
Orbital Sciences Corp. COM 685564106 18,136 778,370 SH   SOLE   778,370 0 0
Oshkosh Corp. COM 688239201 22,404 444,701 SH   SOLE   444,701 0 0
Parkway Prop., Inc. COM 70159Q104 464 24,077 SH   OTR 1 24,077 0 0
Parkway Prop., Inc. COM 70159Q104 55,762 2,890,744 SH   SOLE   2,890,744 0 0
PIMCO Dynamic Credit Inc. Fd COM 72202D106 4,029 179,209 SH   SOLE   179,209 0 0
Pioneer Energy Serv. Corp COM 723664108 8,514 1,062,874 SH   SOLE   1,062,874 0 0
PNC Fin'l Serv. Gp W EXP 12/31/2018 693475121 22,842 1,286,884 SH   SOLE   1,286,884 0 0
Posco ADR 693483109 23,797 305,092 SH   OTR 1 305,092 0 0
Posco ADR 693483109 174,509 2,237,290 SH   SOLE   2,237,290 0 0
Post Properties Inc. COM 737464107 366 8,100 SH   OTR 1 8,100 0 0
Post Properties Inc. COM 737464107 65,426 1,446,521 SH   SOLE   1,446,521 0 0
Precision Drilling Corp, COM 74022D308 26,504 2,833,088 SH   SOLE   2,833,088 0 0
Progress Software Corp. COM 743312100 46,235 1,789,967 SH   SOLE   1,789,967 0 0
Prologis Inc. COM 74340W103 328 8,880 SH   SOLE   8,880 0 0
Prudential Glb Sht Dur Hi Yld Fd COM SHS 74433A109 2,163 124,646 SH   SOLE   124,646 0 0
PS Business Parks, Inc. COM 69360J107 466 6,100 SH   SOLE   6,100 0 0
Quicksilver Resources, Inc COM 74837R104 1,996 650,000 SH   SOLE   650,000 0 0
Radio One Inc CL D NON VTG 75040P405 7,506 1,980,578 SH   SOLE   1,980,578 0 0
Rayonier Inc. COM 754907103 14 328 SH   OTR 1 328 0 0
Rayonier Inc. COM 754907103 1,702 40,432 SH   SOLE   40,432 0 0
Resolute Forest Prod., Inc. COM 76117W109 5,054 315,495 SH   SOLE   315,495 0 0
Rofin-Sinar Tech. Inc. COM 775043102 45,970 1,701,340 SH   SOLE   1,697,262 0 4,078
Sanofi-Aventis SPON ADR 80105N105 864 16,105 SH   SOLE   16,105 0 0
Seacor Holdings Inc. COM 811904101 9,126 100,062 SH   OTR 1 100,062 0 0
Seacor Holdings Inc. COM 811904101 30,607 335,602 SH   SOLE   335,602 0 0
Select Income COM SH BEN INT 81618T100 1,070 40,000 SH   SOLE   40,000 0 0
SemGroup Corp. CL A 81663A105 58,673 899,481 SH   SOLE   899,481 0 0
Sensient Tech. Corp. COM 81725T100 42,086 867,397 SH   SOLE   867,397 0 0
Spanish Broadcasting Sys., Inc CL A 846425833 1,282 382,686 SH   SOLE   382,686 0 0
Stanley Furniture Co., Inc. COM 854305208 364 94,758 SH   SOLE   94,758 0 0
Starz- Liberty Capital COM SER A 85571Q102 10,381 355,012 SH   SOLE   355,012 0 0
Stepan Company COM 858586100 40,500 617,103 SH   SOLE   617,103 0 0
Suncoke Energy Inc. COM 86722A103 28,025 1,228,631 SH   SOLE   1,228,631 0 0
Susser Holdings Corp. COM 869233106 35,245 538,176 SH   SOLE   538,176 0 0
Symantec Corp. COM 871503108 46,377 1,966,805 SH   SOLE   1,966,805 0 0
Syntel, Inc. COM 87162H103 28,951 318,315 SH   SOLE   318,315 0 0
Tanger Factory Out. Ctrs, Inc. COM 875465106 243 7,596 SH   OTR 1 7,596 0 0
Tanger Factory Out. Ctrs, Inc. COM 875465106 47,182 1,473,514 SH   SOLE   1,473,514 0 0
Teck Cominco Ltd Class B CL B 878742204 1,663 67,567 SH   SOLE   67,567 0 0
Tejon Ranch Co. COM 879080109 415 11,282 SH   OTR 1 11,282 0 0
Tejon Ranch Co. COM 879080109 86,677 2,357,903 SH   SOLE   2,357,903 0 0
Tejon Ranch Co. W EXP 8/31/2016 879080133 1,991 372,079 SH   SOLE   372,079 0 0
Telefex Inc. COM 879369106 34,699 369,692 SH   SOLE   369,692 0 0
Terreno Realty Corp. COM 88146M101 2,147 121,290 SH   SOLE   121,290 0 0
Tetra Tech, Inc. COM 88162G103 39,762 1,421,072 SH   SOLE   1,421,072 0 0
Tredegar Corp. COM 894650100 2,866 99,474 SH   SOLE   99,474 0 0
UMB Financial Corp. COM 902788108 25,689 399,649 SH   SOLE   399,649 0 0
UniFirst Corp. COM 904708104 45,706 427,160 SH   SOLE   427,160 0 0
USEC Inc. NOTE 3.00% 10/01/14 90333EAC2 1,330 4,000,000 SH   SOLE   4,000,000 0 0
Vail Resorts Inc. COM 91879Q109 21,690 288,312 SH   SOLE   288,312 0 0
Valley National Bancorp COM 919794107 13,962 1,379,621 SH   SOLE   1,379,621 0 0
Vantage Drilling Co. ORD SHS G93205113 2,576 1,400,000 SH   SOLE   1,400,000 0 0
VCA Antech Inc. COM 918194101 19,967 636,712 SH   SOLE   636,712 0 0
Vornado Realty Tr. SH BEN INT 929042109 480 5,411 SH   OTR 1 5,411 0 0
Vornado Realty Tr. SH BEN INT 929042109 58,095 654,292 SH   SOLE   654,292 0 0
Walter Energy, Inc. COM 93317Q105 2,079 125,000 SH   SOLE   125,000 0 0
Weight Watchers Int'l COM 948626106 5,443 165,285 SH   SOLE   165,285 0 0
Wells Fargo & Co. W EXP 10/28/2018 949746119 14,891 940,678 SH   SOLE   940,678 0 0
Wells Fargo Adv Inc Opp Fd COM SHS 94987B105 2,149 234,126 SH   SOLE   234,126 0 0
Western Asset Hi Inc Opp Fd COM 95766K109 1,064 179,449 SH   SOLE   179,449 0 0
Western Asset Hi Yld Def Opp Fd COM 95768B107 3,832 216,347 SH   SOLE   216,347 0 0
Western Asset Mgd Hi Inc Fd COM 95766L107 3,789 669,372 SH   SOLE   669,372 0 0
Westwood Holdings Group Inc. COM 961765104 25,685 414,877 SH   SOLE   414,877 0 0
Weyerhaeuser Co. COM 962166104 22,900 725,366 SH   OTR 1 725,366 0 0
Weyerhaeuser Co. COM 962166104 236,455 7,489,861 SH   SOLE   7,480,545 0 9,316
White Mtns Insur. Grp COM G9618E107 19,532 32,387 SH   OTR 1 32,387 0 0
White Mtns Insur. Grp COM G9618E107 146,205 242,431 SH   SOLE   242,257 0 174
World Fuel Services Corp COM 981475106 25,809 597,994 SH   SOLE   597,994 0 0
Yamana Gold Inc. COM 98462Y100 585 67,900 SH   SOLE   67,900 0 0