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
Estimated average burden
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
ABM Industries Inc COM 000957100 27,733 1,041,798 SH   SOLE 1,041,798 0 0
Acadia Realty Trust COM SH BEN INT 004239109 494 19,999 SH   SOLE 19,999 0 0
AK Steel Corporation COM 001547108 2,668 711,375 SH   SOLE 711,375 0 0
Alamo Group, Inc. COM 011311107 24,983 510,789 SH   SOLE 510,789 0 0
Alexander's, Inc. COM 014752109 1,431 5,000 SH   SOLE 5,000 0 0
Alico, Inc. COM 016230104 14,159 343,912 SH   SOLE 343,912 0 0
Alleghany Corp. COM 017175100 99,178 242,104 SH   SOLE 242,104 0 0
Allied Nevada Gold COM 019344100 2,375 568,205 SH   SOLE 568,205 0 0
Allscripts Healthcare Sol., Inc. COM 01988P108 20,524 1,380,244 SH   SOLE 1,380,244 0 0
American Eagle Outfitters COM 02553E106 8,647 618,067 SH   SOLE 618,067 0 0
American Residential Prop., Inc. COM 0297E303 1,057 60,000 SH   SOLE 60,000 0 0
Annaly Capital Mgmt, Inc. COM 035710409 153 13,215 SH   SOLE 13,215 0 0
Apache Corp COM 037411105 94,655 1,111,761 SH   SOLE 1,048,772 0 62,989
Arch Capital Group Ltd. ORD G0450A105 42,098 777,715 SH   SOLE 777,715 0 0
Ascena Retail Group, Inc. COM 04351G101 13,226 663,601 SH   SOLE 663,601 0 0
AVX Corporation COM 002444107 22,138 1,686,086 SH   SOLE 1,686,086 0 0
Axiall Corporation COM 05463D100 45,091 1,193,189 SH   SOLE 1,193,189 0 0
Bank of NY Mellon Corp. COM 064058100 27,739 918,829 SH   OTR 1 918,829 0 0
Bank of NY Mellon Corp. COM 064058100 202,214 6,698,031 SH   SOLE   6,526,358 0 171,673
Bel Fuse Inc. CL B 077347300 9,258 530,821 SH   SOLE 530,821 0 0
Big Lots, Inc. COM 089302103 16,581 447,053 SH   SOLE 447,053 0 0
BlackRock Corp Hi Yld Fd III Inc COM 09255M104 2,295 314,366 SH   SOLE 314,366 0 0
BlackRock Credit Allctn Income Tr COM 092508100 5,835 447,448 SH   SOLE 447,448 0 0
BlackRock High Income Shares SHS BEN INT 09250E107 1,664 799,788 SH   SOLE 799,788 0 0
Blucora, Inc. COM 095229100 16,691 726,320 SH   SOLE 726,320 0 0
Bristow Group Inc. COM 110394103 22,315 306,693 SH   SOLE 303,565 0 3,128
Broadridge Financial Sol. Inc. COM 11133T103 17,268 543,883 SH   SOLE 543,883 0 0
Brookdale Senior Living Inc. COM 112463104 297 11,299 SH   OTR 1 11,299 0 0
Brookdale Senior Living Inc. COM 112463104 42,996 1,634,839 SH   SOLE   1,634,839 0 0
Brookfield Asset Mgmt. CL A LTD VT SH 112585104 15,606 417,268 SH   OTR 1 417,268 0 0
Brookfield Asset Mgmt. CL A LTD VT SH 112585104 190,628 5,096,993 SH   SOLE   5,088,940 0 8,053
Brookfield Properties Inc. COM 112900105 716 37,550 SH   SOLE 37,550 0 0
Brookfield Property Part. L.P UNIT LTD PARTN G16249107 517 26,692 SH   SOLE 26,692 0 0
Cal Maine Foods, Inc. COM 128030202 28,765 598,032 SH   SOLE 598,032 0 0
Capital One Financial W EXP 11/14/2018 14040H139 436 15,000 SH   SOLE 15,000 0 0
Capital Southwest COM 140501107 7,778 227,372 SH   SOLE 227,372 0 0
Capitol Federal Fincl, Inc. COM 14057J101 175 14,075 SH   SOLE 14,075 0 0
Capstead Mortgage Corp COM NO PAR 14067E506 147 12,500 SH   SOLE 12,500 0 0
Cass Information Systems, Inc. COM 14808P109 10,346 193,854 SH   SOLE 193,854 0 0
Cavco Industries, Inc. COM 149568107 114,641 2,013,020 SH   SOLE 2,013,020 0 0
Cedar Shopping Centers Inc. COM 150602209 689 133,000 SH   SOLE 133,000 0 0
Cenovus Energy Inc. COM 15135U109 573 19,200 SH   SOLE 19,200 0 0
Chesapeake Energy COM 165167107 2,588 100,000 SH   SOLE 100,000 0 0
Chiquita Brands Int'l Inc. COM 170032809 3,091 244,155 SH   SOLE 244,155 0 0
City National Corp. COM 178566105 18,893 283,422 SH   SOLE 283,422 0 0
Cloud Peak Energy Inc. COM 18911Q102 19,160 1,306,076 SH   SOLE 1,306,076 0 0
Comerica Inc W EXP 11/14/2018 200340115 1,801 130,000 SH   SOLE 130,000 0 0
Comerica Inc. COM 200340107 4,574 116,345 SH   OTR 1 116,345 0 0
Comerica Inc. COM 200340107 89,791 2,284,174 SH   SOLE   2,282,163 0 2,011
Commerce Bancshares, Inc COM 200525103 17,311 395,141 SH   SOLE 395,141 0 0
CommonWealth REIT COM SH BEN INT 203233101 310 14,169 SH   OTR 1 14,169 0 0
CommonWealth REIT COM SH BEN INT 203233101 29,487 1,345,821 SH   SOLE   1,345,821 0 0
Compass Minerals Intl COM 20451N101 41,882 549,128 SH   SOLE 549,128 0 0
Consolidated Tomoka Ld Co. COM 210226106 540 14,035 SH   OTR 1 14,035 0 0
Consolidated Tomoka Ld Co. COM 210226106 20,369 529,195 SH   SOLE   529,195 0 0
Covanta Holding Corp. COM 22282E102 141,588 6,622,428 SH   SOLE 6,622,428 0 0
Cowen group Inc. CL A 223622101 4,629 1,341,760 SH   SOLE 1,341,760 0 0
Cross Country Healthcare Inc. COM 227483104 6,880 1,135,308 SH   SOLE 1,135,308 0 0
CST Brands, Inc COM 12646R105 14,756 495,167 SH   SOLE 495,167 0 0
Cubic, Corp. COM 229669106 18,386 342,505 SH   SOLE 342,505 0 0
Cullen Frost Bankers, Inc. COM 229899109 15,484 219,472 SH   SOLE 219,472 0 0
Darling International Inc. COM 237266101 11,900 562,366 SH   SOLE 562,366 0 0
Desarrolladora Homex ADR 25030W100 212 100,000 SH   SOLE 100,000 0 0
Devon Energy Corp. COM 25179M103 15,535 268,965 SH   OTR 1 268,965 0 0
Devon Energy Corp. COM 25179M103 199,351 3,451,365 SH   SOLE   3,358,793 0 92,572
DWS High Income Opp Fd Inc COM 23339M204 4,999 353,260 SH   SOLE 353,260 0 0
Eaton Vance Fltg-Rate Inc Plus Fd COM SHS BEN INT 278284104 545 30,551 SH   SOLE 30,551 0 0
Eldorado Gold Corporation COM 284902103 2,039 301,600 SH   SOLE 301,600 0 0
Electro Scientific Ind., Inc. COM 285229100 11,451 977,904 SH   SOLE 977,904 0 0
Electronics for Imaging Inc. COM 286082102 41,409 1,307,114 SH   SOLE 1,298,089 0 9,025
EMCOR Group, Inc. COM 29084Q100 47,561 1,215,455 SH   SOLE 1,215,455 0 0
Encana Corp. COM 292505104 8,930 515,314 SH   OTR 1 515,314 0 0
Encana Corp. COM 292505104 47,944 2,766,507 SH   SOLE   2,763,369 0 3,138
Encore Wire Corp. COM 292562105 29,444 746,563 SH   SOLE 746,563 0 0
EnerSys COM 29275Y102 62,701 1,034,161 SH   SOLE 1,034,161 0 0
ERA Group Inc. COM 26885G109 10,665 392,393 SH   SOLE 392,393 0 0
Excel Trust, Inc. COM 30068C109 11,310 942,491 SH   SOLE 942,491 0 0
First Indust. Realty Trust, Inc. COM 32054K103 616 37,885 SH   OTR 1 37,885 0 0
First Indust. Realty Trust, Inc. COM 32054K103 69,905 4,296,581 SH   SOLE   4,296,581 0 0
First Niagara Fincl Gp, Inc. COM 33582V108 107 10,275 SH   SOLE 10,275 0 0
First Potomac Realty Tr. COM 33610F109 353 28,050 SH   OTR 1 28,050 0 0
First Potomac Realty Tr. COM 33610F109 4,530 360,365 SH   SOLE   360,365 0 0
First Trust Hi Inc Long/Short Fd COM 33738E109 2,914 166,114 SH   SOLE 166,114 0 0
First Trust Strategic Hi IncFd II COM SHS NEW 337353304 2,399 150,793 SH   SOLE 150,793 0 0
Forest City Enter. Inc. CL A 345550107 1,213 64,067 SH   OTR 1 64,067 0 0
Forest City Enter. Inc. CL A 345550107 133,741 7,061,283 SH   SOLE   7,058,333 0 2,950
FTI Consulting Inc. COM 302941109 14,428 381,698 SH   SOLE 381,698 0 0
General Motors Co. COM 37045V100 4,369 121,467 SH   SOLE 121,467 0 0
Glatfelter P. H. Co. COM 377316104 29,275 1,081,449 SH   SOLE 1,081,449 0 0
Haemonetics Corp. COM 405024100 1,675 42,000 SH   SOLE 42,000 0 0
HCC Insurance Holdings COM 404132102 51,417 1,173,376 SH   SOLE 1,173,376 0 0
Hersha Hospitality Tr. SH BEN INT A 427825104 332 59,368 SH   OTR 1 59,368 0 0
Hersha Hospitality Tr. SH BEN INT A 427825104 35,082 6,275,799 SH   SOLE   6,275,799 0 0
Hyatt Hotels Corp. CL A 448579102 223 5,200 SH   OTR 1 5,200 0 0
Hyatt Hotels Corp. CL A 448579102 20,837 485,029 SH   SOLE   485,029 0 0
IAMGOLD Corp. COM 450913108 4,728 995,315 SH   SOLE 995,315 0 0
ICF International, Inc. COM 44925C103 47,301 1,335,820 SH   SOLE 1,335,820 0 0
Ingram Micro Inc. CL A 457153104 28,985 1,257,495 SH   SOLE 1,257,495 0 0
Insight Enterprises, Inc. COM 45765U103 19,531 1,032,290 SH   SOLE 1,032,290 0 0
Insteel Industries Inc. COM 45774W108 10,452 649,222 SH   SOLE 649,222 0 0
Intel Corporation COM 458140100 75,378 3,288,734 SH   SOLE 3,288,734 0 0
Investment Tech. Gp COM 46145F105 641 40,787 SH   SOLE 40,787 0 0
J&J Snack Foods Corp. COM 466032109 13,425 166,317 SH   SOLE 166,317 0 0
Jakks Pacific, Inc. COM 47012E106 1,199 267,038 SH   SOLE 267,038 0 0
Jos A Bank Clothiers Inc. COM 480838101 11,916 271,062 SH   SOLE 271,062 0 0
Kaiser Aluminum Corp. COM PAR $0.01 483007704 33,438 469,302 SH   SOLE 469,302 0 0
Kearny Financial Corp. COM 487169104 3,907 382,278 SH   SOLE 382,278 0 0
Kelly Services Inc. CL A 488152208 4,381 225,000 SH   SOLE 225,000 0 0
Kennametal Inc. COM 489170100 38,816 851,218 SH   SOLE 851,218 0 0
Keycorp COM 493267108 14,580 1,278,991 SH   OTR 1 1,278,991 0 0
Keycorp COM 493267108 129,983 11,401,978 SH   SOLE   10,983,003 0 418,975
Kimco Realty Corp. COM 49446R109 526 26,045 SH   SOLE 26,045 0 0
Kinross Gold Corp. COM NO PAR 496902404 33,168 6,568,998 SH   SOLE 6,568,998 0 0
Leucadia Natl Corp. COM 527288104 24,567 901,890 SH   OTR 1 901,890 0 0
Leucadia Natl Corp. COM 527288104 129,009 4,736,000 SH   SOLE   4,726,900 0 9,100
Liberty Media Corp. CL A 531229102 52,760 358,544 SH   SOLE 358,544 0 0
Lowe's Co. Inc. COM 548661107 797 16,740 SH   OTR 1 16,740 0 0
Lowe's Co. Inc. COM 548661107 87,041 1,828,210 SH   SOLE   1,828,210 0 0
LSB Industries Inc. COM 502160104 37,576 1,120,678 SH   SOLE 1,120,678 0 0
Madison Sq. Garden Inc. CL A 55826P100 21,398 368,492 SH   SOLE 368,492 0 0
Mantech International Corp. CL A 564563104 28,903 1,004,966 SH   SOLE 1,001,416 0 3,550
MFS Intermediate Hi Inc Fd SH BEN INT 59318T109 1,331 480,650 SH   SOLE 480,650 0 0
Minerals Technologies Inc. COM 603158106 30,801 623,872 SH   SOLE 623,872 0 0
Neuberger Berman Hi Yld Strat. Fd COM 64128C106 2,993 229,145 SH   SOLE 229,145 0 0
New America High Inc Fd, Inc COM 641876800 3,167 333,065 SH   SOLE 333,065 0 0
Newmont Mining Corp. COM 651639106 24,566 874,219 SH   SOLE 874,219 0 0
NVIDIA Corp COM 67066G104 50,759 3,262,133 SH   SOLE 3,257,715 0 4,418
Orbital Sciences Corp. COM 685564106 16,540 780,935 SH   SOLE 780,935 0 0
Oshkosh Corporation COM 688239201 61,156 1,248,589 SH   SOLE 1,248,589 0 0
Park Electrochemical Corp. COM 700416209 10,679 372,754 SH   SOLE 372,754 0 0
Pioneer Energy Serv. Corp COM 723664108 11,417 1,520,195 SH   SOLE 1,520,195 0 0
PNC Financial Services Gp W EXP 12/31/2018 693475121 19,854 1,289,241 SH   SOLE 1,289,241 0 0
Posco ADR 693483109 22,618 307,147 SH   OTR 1 307,147 0 0
Posco ADR 693483109 176,081 2,391,104 SH   SOLE   2,325,809 0 65,295
Post Properties Inc. COM 737464107 198 4,400 SH   OTR 1 4,400 0 0
Post Properties Inc. COM 737464107 31,101 690,836 SH   SOLE   690,836 0 0
Precision Drilling Corp, COM 74022D308 28,166 2,832,828 SH   SOLE 2,832,828 0 0
Progress Software Corp. COM 743312100 46,463 1,795,337 SH   SOLE 1,795,337 0 0
Prologis Inc. COM 74340W103 334 8,880 SH   SOLE 8,880 0 0
Prudential Glb Sht Dur Hi Yld Fd COM SHS 74433A109 2,143 122,868 SH   SOLE 122,868 0 0
PS Business Parks, Inc. COM 69360J107 455 6,100 SH   SOLE 6,100 0 0
Resolute Forest Products, Inc. COM 76117W109 4,171 315,495 SH   SOLE 315,495 0 0
Rofin-Sinar Tech. Inc. COM 775043102 38,346 1,583,882 SH   SOLE 1,579,804 0 4,078
Sanofi-Aventis SPON ADR 80105N105 700 13,830 SH   SOLE 13,830 0 0
Seacor Holdings Inc. COM 811904101 9,642 106,610 SH   OTR 1 106,610 0 0
Seacor Holdings Inc. COM 811904101 43,552 481,554 SH   SOLE   481,554 0 0
Select Income COM SH BEN INT 81618T100 516 20,000 SH   SOLE 20,000 0 0
SemGroup Corp. CL A 81663A105 51,430 901,971 SH   SOLE 901,971 0 0
Sensient Technologies Corp. COM 81725T100 41,659 869,882 SH   SOLE 869,882 0 0
Spanish Broadcasting Sys., Inc CL A 846425833 1,554 382,686 SH   SOLE 382,686 0 0
Stanley Furniture Co., Inc. COM 854305208 5,784 1,559,077 SH   SOLE 1,559,077 0 0
Starz- Liberty Capital COM SER A 85571Q102 12,277 436,434 SH   SOLE 436,434 0 0
Stepan Company COM 858586100 30,788 533,312 SH   SOLE 533,312 0 0
Superior Industries Intl, Inc. COM 868168105 7,840 439,701 SH   SOLE 439,701 0 0
Susser Holdings Corp. COM 869233106 24,657 463,919 SH   SOLE 463,919 0 0
Symantec Corp. COM 871503108 47,330 1,912,330 SH   SOLE 1,912,330 0 0
Syntel, Inc. COM 87162H103 25,574 319,275 SH   SOLE 319,275 0 0
Tanger Factory Out. Ctrs, Inc. COM 875465106 271 8,296 SH   OTR 1 8,296 0 0
Tanger Factory Out. Ctrs, Inc. COM 875465106 45,270 1,386,515 SH   SOLE   1,386,515 0 0
Tejon Ranch Co. COM 879080109 570 18,482 SH   OTR 1 18,482 0 0
Tejon Ranch Co. COM 879080109 73,782 2,392,424 SH   SOLE   2,392,424 0 0
Tejon Ranch Co. WTS 879080133 1,027 372,073 SH   SOLE 372,073 0 0
Telefex Inc. COM 879369106 45,890 557,733 SH   SOLE 557,733 0 0
Tellabs, Inc. COM 879664100 6,085 2,680,542 SH   OTR 1 2,680,542 0 0
Tellabs, Inc. COM 879664100 76,799 33,832,135 SH   SOLE   33,832,135 0 0
Terreno Realty Corp. COM 88146M101 2,154 121,290 SH   SOLE 121,290 0 0
Tetra Tech, Inc. COM 88162G103 33,161 1,280,861 SH   SOLE 1,280,861 0 0
Thomas Properties Gp Inc. COM 884453101 464 69,000 SH   OTR 1 69,000 0 0
Thomas Properties Gp Inc. COM 884453101 50,869 7,569,779 SH   SOLE   7,569,779 0 0
UMB Financial Corp. COM 902788108 20,747 381,800 SH   SOLE 381,800 0 0
UniFirst Corp. COM 904708104 44,726 428,325 SH   SOLE 428,325 0 0
Vail Resorts Inc. COM 91879Q109 20,074 289,337 SH   SOLE 289,337 0 0
Valley National Bancorp COM 919794107 13,763 1,383,246 SH   SOLE 1,383,246 0 0
Vantage Drilling Co. ORD SHS G93205113 2,422 1,400,000 SH   SOLE 1,400,000 0 0
Vornado Realty Tr. SH BEN INT 929042109 497 5,911 SH   OTR 1 5,911 0 0
Vornado Realty Tr. SH BEN INT 929042109 55,039 654,758 SH   SOLE   654,758 0 0
Walter Energy, Inc. COM 93317Q105 1,124 80,100 SH   SOLE 80,100 0 0
Weight Watchers Intl COM 948626106 13,453 360,000 SH   SOLE 360,000 0 0
Wells Fargo & Co. W EXP 10/28/2018 949746119 13,225 941,975 SH   SOLE 941,975 0 0
Wells Fargo Adv Inc Opp Fd COM SHS 94987B105 2,096 232,918 SH   SOLE 232,918 0 0
Western Asset Hi Inc Opp Fd COM 95766K109 1,071 179,449 SH   SOLE 179,449 0 0
Western Asset Hi Yld Def Opp Fd COM 95768B107 517 28,942 SH   SOLE 28,942 0 0
Western Asset Mgd Hi Inc Fd COM 95766L107 3,809 669,372 SH   SOLE 669,372 0 0
Westwood Holdings Group Inc. COM 961765104 19,935 414,877 SH   SOLE 414,877 0 0
Weyerhaeuser Co. COM 962166104 20,179 704,828 SH   OTR 1 704,828 0 0
Weyerhaeuser Co. COM 962166104 215,376 7,522,721 SH   SOLE   7,315,865 0 206,856
White Mtns Insur. Grp COM G9618E107 18,516 32,620 SH   OTR 1 32,620 0 0
White Mtns Insur. Grp COM G9618E107 135,209 238,204 SH   SOLE   227,965 0 10,239
Yamana Gold Inc. COM 98462Y100 3,419 328,100 SH   SOLE 328,100 0 0