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
AbbVie Inc COM 00287Y109 216 3,300 SH   SOLE 1 0 0 3,300
Accenture Plc COM G1151C101 188 2,100 SH   SOLE 1 0 0 2,100
Ace Ltd. COM H0023R105 69 600 SH   SOLE 1 0 0 600
Actavis Plc COM G0083b108 31,018 120,500 SH   SOLE 1 62,900 0 57,600
Aetna Inc COM 00817Y108 17,269 194,400 SH   SOLE 1 88,000 0 106,400
AGIC Convertible & Income FD II COM 018825109 2,769 310,759 SH   SOLE 1 302,766 0 7,993
AGIC Convertible & Income Fund COM 018828103 10,413 1,105,424 SH   SOLE 1 1,078,234 0 27,190
Alcoa Inc. COM 013817101 471 29,800 SH   SOLE 1 29,800 0 0
Alexander's Inc. COM 014752109 4,002 9,154 SH   SOLE 1 9,154 0 0
AllianceBernstein Global High Income Fund COM 01879R106 2,112 169,933 SH   SOLE 1 152,462 0 17,471
AllianceBernstein Income Fund COM 01881E101 1,078 144,354 SH   SOLE 1 128,300 0 16,054
Alliant Energy Corp. COM 018802108 35,870 540,042 SH   SOLE 1,2 529,209 0 10,833
Alpine Global Premier Properties Fund COM 02083A103 4,608 639,179 SH   SOLE 1 639,179 0 0
American Assets Trust Inc COM 024013104 236,960 5,952,277 SH   SOLE 1,2 4,796,047 0 1,156,230
American Express Co. COM 025816109 14,207 152,700 SH   SOLE 1 80,600 0 72,100
American Homes 4 Rent-CL COM 02665T306 424,328 24,916,508 SH   SOLE 1,2 15,747,880 0 9,168,628
American International Group COM 026874784 19,899 355,276 SH   SOLE 1 185,576 0 169,700
American Tower Corp COM 03027X100 248,862 2,517,574 SH   SOLE 1,2 2,423,146 0 94,428
Amerigas Partners LP COM 030975106 8,172 170,532 SH   SOLE 1 170,532 0 0
Ameriprise Finl Inc COM 03076C106 23,937 181,000 SH   SOLE 1 87,800 0 93,200
Amgen Inc. COM 031162100 8,968 56,300 SH   SOLE 1 10,700 0 45,600
Anadarko Petroleum Corp. COM 032511107 11,053 133,970 SH   SOLE 1 65,170 0 68,800
Anheuser Busch InBev NV ADR 03524A108 4,302 38,300 SH   SOLE 1 38,300 0 0
Antero Midstream Partners LP COM 03673L103 14,681 533,869 SH   SOLE 1,2 513,834 0 20,035
Apache Corp. COM 037411105 107 1,700 SH   SOLE 1 0 0 1,700
Apartment Investment & Management Co. COM 03748R101 627,683 16,895,914 SH   SOLE 1,2 9,942,016 0 6,953,898
Apple Inc. COM 037833100 21,767 197,200 SH   SOLE 1 41,400 0 155,800
Archer-Daniels-Midland Co. COM 039483102 1,815 34,900 SH   SOLE 1 34,900 0 0
Ashford Hospitality Pr.E PFD 044103505 12,760 481,860 SH   SOLE 1 425,000 0 56,860
Ashford Hospitality Prime Inc COM 044102101 6,785 395,381 SH   SOLE 1 287,280 0 108,101
AT&T Inc. COM 00206R102 11,767 350,300 SH   SOLE 1 342,100 0 8,200
Atlas Energy Inc COM 04930A104 2 72 SH   SOLE 1 72 0 0
Atmos Energy Corp. COM 049560105 28,996 520,193 SH   SOLE 1,2 514,076 0 6,117
Avago Technologies L COM Y0486S104 32,801 326,087 SH   SOLE 1 164,687 0 161,400
Avalonbay Communities Inc COM 053484101 34,601 211,769 SH   SOLE 1 211,769 0 0
AVIV Reit Inc COM 05381L101 39,717 1,151,874 SH   SOLE 1 1,151,874 0 0
Baker Hughes Inc. COM 057224107 4,837 86,271 SH   SOLE 1 40,571 0 45,700
Bank Of America Corp. COM 060505104 23,563 1,317,100 SH   SOLE 1 760,300 0 556,800
Barclays Bank 7.10% (BCS A) PFD 06739H776 9,554 370,161 SH   SOLE 1 370,161 0 0
Barclays Bank 7.75% (BCS C) PFD 06739H511 314,901 1,080,504 SH   SOLE 1 1,066,430 0 14,074
Barclays Bank 8.125% (BCS D) PFD 06739H362 309,639 1,115,443 SH   SOLE 1 1,103,375 0 12,068
Barclays Bank PLC 6.625% (BCS) PFD 06739F390 260 10,200 SH   SOLE 1 10,200 0 0
Barrick Gold Corp. COM 067901108 394 36,652 SH   SOLE 1 36,652 0 0
Belmond Ltd COM G1154H107 168,299 13,605,441 SH   SOLE 1,2 11,783,898 0 1,821,543
BioMed Realty Trust Inc. COM 09063H107 527,085 24,470,066 SH   SOLE 1,2 14,311,518 0 10,158,548
Blackrock Build Amer Bd COM 09248X100 924 41,697 SH   SOLE 1 36,987 0 4,710
Blackrock Corporate High Yield Fund 6 COM 09255P107 186 16,358 SH   SOLE 1 0 0 16,358
Blackrock Debt Strategies Fund COM 09255R103 310 83,300 SH   SOLE 1 83,300 0 0
Blackrock Enh Cap And Inc COM 09256A109 4,085 292,441 SH   SOLE 1 292,441 0 0
Blackrock Global Enrg & Res COM 09250U101 1,517 76,063 SH   SOLE 1 76,063 0 0
Blackrock Inc. COM 09247X101 17,777 49,718 SH   SOLE 1 25,699 0 24,019
Blackrock Limited Duration Income Trust COM 09249W101 1,480 94,171 SH   SOLE 1 84,070 0 10,101
BlackRock Long-Term Municipal Advantage Trust COM 09250B103 1,448 128,142 SH   SOLE 1 128,142 0 0
BlackRock Municipal Bond Trust COM 09249H104 1,249 78,560 SH   SOLE 1 78,560 0 0
Blackrock Munienhanced Fund COM 09253Y100 2,917 255,871 SH   SOLE 1 255,871 0 0
Blackrock Muniholdings In Ii COM 09254C107 1,421 105,430 SH   SOLE 1 105,430 0 0
Blackrock Muniholdings Insur COM 09254P108 3,790 265,405 SH   SOLE 1 265,405 0 0
Blackrock Muniholdings Quality COM 09254A101 353 26,467 SH   SOLE 1 26,467 0 0
Blackrock Muniyield Insured COM 09254E103 2,959 210,340 SH   SOLE 1 210,340 0 0
BlackRock MuniYield Investment Fund COM 09254R104 513 33,115 SH   SOLE 1 33,115 0 0
BlackRock MuniYield Investment Quality Fund COM 09254T100 1,403 101,963 SH   SOLE 1 101,963 0 0
Blackrock Muniyield Qual Ii COM 09254G108 972 73,675 SH   SOLE 1 73,675 0 0
Blackrock Muniyield Quality COM 09254F100 847 55,222 SH   SOLE 1 55,222 0 0
Blackrock Resources & Commodities COM 09257A108 1,184 121,899 SH   SOLE 1 121,899 0 0
Blueknight Energy Partners COM 09625U109 3,500 526,252 SH   SOLE 1 526,252 0 0
Boston Properties Inc. COM 101121101 221,326 1,719,838 SH   SOLE 1 294,511 0 1,425,327
BP PLC-Sponsored ADR ADR 055622104 3,599 94,400 SH   SOLE 1 94,400 0 0
Brandywine Realty Trust COM 105368203 262,334 16,416,422 SH   SOLE 1,2 13,845,369 0 2,571,053
BRF - Brasil Foods SA ADR ADR 10552T107 1,317 56,400 SH   SOLE 1 56,400 0 0
Brixmor Property Group COM 11120U105 24,454 984,454 SH   SOLE 1 984,454 0 0
Brookfield Infrast Part COM G16252101 550 13,131 SH   SOLE 1 13,131 0 0
Buckeye Partners LP COM 118230101 45,512 601,534 SH   SOLE 1 601,534 0 0
Bunge Ltd. COM G16962105 1,629 17,920 SH   SOLE 1 17,920 0 0
Calamos Convertible & High Income Fund COM 12811P108 1,606 116,120 SH   SOLE 1 97,551 0 18,569
California Resources Corp COM 13057Q107 3 600 SH   SOLE 1 0 0 600
Calumet Specialty Products Partners LP COM 131476103 2,162 96,470 SH   SOLE 1 96,470 0 0
Campus Crest Communities COM 13466Y105 15,935 2,179,870 SH   SOLE 1 1,793,359 0 386,511
Canadian Natl Railway COM 136375102 7,057 102,144 SH   SOLE 1 102,144 0 0
Canadian Pacific Railway Ltd COM 13645T100 19,680 101,874 SH   SOLE 1 99,642 0 2,232
Cardinal Health Inc COM 14149Y108 137 1,700 SH   SOLE 1 0 0 1,700
CBL & Associates Properties COM 124830100 660 33,993 SH   SOLE 1 33,993 0 0
CBRE Clarion Global Real Estate Income Fund COM 12504G100 5,332 593,048 SH   SOLE 1 593,048 0 0
CenterPoint Energy Inc. COM 15189T107 36,376 1,552,539 SH   SOLE 1,2 1,531,901 0 20,638
Cf Inds Hldgs Inc COM 125269100 572 2,100 SH   SOLE 1 2,100 0 0
Chatham Lodging Tr COM 16208T102 13,881 479,136 SH   SOLE 1 479,136 0 0
Cheniere Energy Inc COM 16411R208 1,972 28,008 SH   SOLE 1 17,898 0 10,110
Cheniere Energy Partners LP COM 16411Q101 21,736 679,245 SH   SOLE 1 679,245 0 0
Cheniere Energy Partners LP COM 16411W108 551 24,459 SH   SOLE 1 24,459 0 0
Chevron Corp. COM 166764100 1,739 15,500 SH   SOLE 1 13,400 0 2,100
Cigna Corp. COM 125509109 25,516 247,940 SH   SOLE 1 127,240 0 120,700
Citigroup Inc. COM 172967424 22,862 422,502 SH   SOLE 1 262,802 0 159,700
Citrix Sys Inc COM 177376100 14,221 222,900 SH   SOLE 1 104,900 0 118,000
Clearbridge Energy Mlp COM 184692101 1,165 42,200 SH   SOLE 1 42,200 0 0
Clearbridge Energy MLP Opportunity Fd COM 18469P100 2,574 109,002 SH   SOLE 1 109,002 0 0
Clough Global Opportunities Fund COM 18914E106 5,736 447,460 SH   SOLE 1 438,703 0 8,757
CMS Energy Corp COM 125896100 81,432 2,343,365 SH   SOLE 1,2 2,096,294 0 247,071
CONE MIDSTREAM PARTNERS LP COM 206812109 8,571 355,342 SH   SOLE 1 347,588 0 7,754
Conocophillips COM 20825C104 509 7,364 SH   SOLE 1 7,364 0 0
Consumer Discretionary Selt COM 81369Y407 10,209 141,491 SH   SOLE 1 141,491 0 0
Corenergy Infrastructure Trust Inc. COM 21870U205 11,843 1,827,692 SH   SOLE 1 1,827,692 0 0
Corporate Office Properties COM 22002T108 119,579 4,214,963 SH   SOLE 1 614,419 0 3,600,544
Costco Wholesale Corp. COM 22160K105 4,777 33,700 SH   SOLE 1 0 0 33,700
Cousins Properties Inc. COM 222795106 92,684 8,115,918 SH   SOLE 1 1,547,066 0 6,568,852
Covidien PLC COM G2554F113 174 1,700 SH   SOLE 1 0 0 1,700
Crestwood Equity Partners LP COM 226344109 3,758 463,934 SH   SOLE 1 463,934 0 0
Crestwood Midstream Partners LP COM 226378107 4,580 301,689 SH   SOLE 1 301,689 0 0
CrossAmerica Partners LP COM 22758A105 3,316 82,306 SH   SOLE 1 82,306 0 0
Crown Castle Intl Corp COM 22822V101 193,240 2,455,403 SH   SOLE 1,2 2,450,126 0 5,277
CSI Compressco COM 12637A103 1,461 111,759 SH   SOLE 1 111,759 0 0
CSX Corp. COM 126408103 27,373 755,538 SH   SOLE 1 401,007 0 354,531
CubeSmart COM 229663109 471,049 21,343,414 SH   SOLE 1,2 12,480,955 0 8,862,459
CVS Health Corp. COM 126650100 33,533 348,174 SH   SOLE 1 174,899 0 173,275
CyrusOne Inc COM 23283R100 58,875 2,137,015 SH   SOLE 1 1,430,469 0 706,546
DCP Midstream Partners LP COM 23311P100 12,939 284,801 SH   SOLE 1 284,801 0 0
DDR Corp. COM 23317H102 779,173 42,438,603 SH   SOLE 1,2 25,129,752 0 17,308,851
Deutsche Bank AG COM D18190898 2,059 68,100 SH   SOLE 1 68,100 0 0
Devon Energy Corp. COM 25179M103 147 2,400 SH   SOLE 1 0 0 2,400
Diamondrock Hospitality Co. COM 252784301 404,849 27,225,922 SH   SOLE 1,2 12,706,170 0 14,519,752
Discover Financial Services COM 254709108 14,598 222,900 SH   SOLE 1 107,000 0 115,900
Dominion Midstream Partners COM 257454108 27,258 695,351 SH   SOLE 1,2 679,640 0 15,711
Dominion Resources Inc./Va COM 25746U109 115,882 1,506,921 SH   SOLE 1,2 1,462,596 0 44,325
Doubleline Income Solutions COM 258622109 1,297 65,178 SH   SOLE 1 53,889 0 11,289
Douglas Emmett Inc. COM 25960P109 406,816 14,324,502 SH   SOLE 1,2 9,885,124 0 4,439,378
DTE Energy Company COM 233331107 67,511 781,647 SH   SOLE 1,2 770,429 0 11,218
Duke Energy Corp. COM 26441C204 64,671 774,128 SH   SOLE 1,2 742,670 0 31,458
Dynagas LNG Partners LP COM Y2188B108 10,616 646,551 SH   SOLE 1 646,551 0 0
Eaton Vance Enh Eqt Inc Ii COM 278277108 1,182 85,485 SH   SOLE 1 85,485 0 0
Eaton Vance Insured Muni Bnd COM 27827X101 2,007 156,442 SH   SOLE 1 156,442 0 0
Eaton Vance Limited Duration Fund COM 27828H105 1,098 77,737 SH   SOLE 1 64,180 0 13,557
EATON VANCE MUNICIPAL INCOME COM 27829U105 585 33,403 SH   SOLE 1 33,403 0 0
Eaton Vance National Municipal Opportunities Trust COM 27829L105 1,429 68,057 SH   SOLE 1 68,057 0 0
Eaton Vance Sr Fltg Rate Trust COM 27828Q105 366 26,739 SH   SOLE 1 22,773 0 3,966
Eaton Vance T/A Global Dividend Income COM 27828S101 6,958 430,598 SH   SOLE 1 430,598 0 0
Eaton Vance T/M Buy-Write Opportunity COM 27828Y108 15,396 1,095,007 SH   SOLE 1 1,095,007 0 0
Eaton Vance Tax Adv Global Dividend O COM 27828U106 4,263 175,357 SH   SOLE 1 175,357 0 0
Eaton Vance Tax Man Global Br COM 27829C105 7,270 659,693 SH   SOLE 1 659,693 0 0
Eaton Vance Tax-Adv Dvd. Inc. Fund COM 27828G107 25,069 1,205,257 SH   SOLE 1 1,182,722 0 22,535
Eaton Vance Tax-Managed Dividend COM 27828N102 20,675 1,850,930 SH   SOLE 1 1,811,951 0 38,979
Eaton Vance Tax-Managed Global COM 27829F108 17,421 1,835,724 SH   SOLE 1 1,835,724 0 0
Ecolab Inc. COM 278865100 7,734 74,000 SH   SOLE 1 32,000 0 42,000
Education Realty Trust Inc. COM 28140H203 151,920 4,151,952 SH   SOLE 1 2,039,736 0 2,112,216
Empire State Realty Trust COM 292104106 243,058 13,825,841 SH   SOLE 1,2 9,486,116 0 4,339,725
Enable Midstream Partners LP COM 292480100 4,495 231,846 SH   SOLE 1 231,846 0 0
Enbridge Energy Mana COM 29250X103 41,309 1,064,946 SH   SOLE 1 1,064,946 0 0
Enbridge Inc COM 29250N105 116,350 2,255,814 SH   SOLE 1 2,193,312 0 62,502
Energy Select Sector Spdr COM 81369Y506 5,219 65,926 SH   SOLE 1 65,926 0 0
Energy Transfer Equity Lp COM 29273V100 71,404 1,244,408 SH   SOLE 1 1,235,982 0 8,426
Energy Transfer Partners LP COM 29273R109 36,959 568,604 SH   SOLE 1 568,604 0 0
Eni SPA ADR 26874R108 2,768 79,300 SH   SOLE 1 79,300 0 0
EnLink Midstream Partners LP COM 29336U107 10,543 363,418 SH   SOLE 1 363,418 0 0
Enterprise Products Partners COM 293792107 87,123 2,412,035 SH   SOLE 1 2,412,035 0 0
EPR Properties 9% E PFD 26884U307 13,425 424,964 SH   SOLE 1 251,000 0 173,964
EQT Midstream Partners LP COM 26885B100 37,539 426,584 SH   SOLE 1,2 421,011 0 5,573
Equitable Resources Inc. COM 26884L109 1,808 23,889 SH   SOLE 1 23,889 0 0
Equity Commonwealth COM 294628102 128,298 4,997,969 SH   SOLE 1,2 4,236,921 0 761,048
Equity Commonwealth Pfd. D PFD 294628201 7,612 316,891 SH   SOLE 1 177,698 0 139,193
Equity Commonwealth Pr. E PFD 294628409 6,418 251,675 SH   SOLE 1 34,525 0 217,150
Equity Residential COM 29476L107 2,138,266 29,764,276 SH   SOLE 1,2 17,094,896 0 12,669,380
Essex Property Trust Inc. COM 297178105 564,725 2,733,420 SH   SOLE 1,2 1,361,488 0 1,371,932
Estee Lauder Companies-Cl A COM 518439104 4,458 58,500 SH   SOLE 1 0 0 58,500
EV Energy Partner LP COM 26926V107 1,529 79,346 SH   SOLE 1 79,346 0 0
Exelon Corp. COM 30161N101 59,889 1,615,135 SH   SOLE 1,2 1,548,063 0 67,072
Extended Stay America Inc. COM 30224P200 184,099 9,533,871 SH   SOLE 1,2 8,357,778 0 1,176,093
Exterran Partners Lp COM 30225N105 3,426 158,460 SH   SOLE 1 158,460 0 0
Extra Space Storage Inc. COM 30225T102 454,176 7,745,157 SH   SOLE 1,2 2,609,226 0 5,135,931
Exxon Mobil Corp. COM 30231G102 48,276 522,181 SH   SOLE 1 302,747 0 219,434
F5 Networks Inc COM 315616102 26,197 200,800 SH   SOLE 1 102,700 0 98,100
FCB Financial Holdings COM 30255G103 46,498 1,887,074 SH   SOLE 1 1,887,074 0 0
Federal Realty Investment Trust COM 313747206 187,237 1,402,946 SH   SOLE 1 0 0 1,402,946
Financial Select Sector SPDR COM 81369Y605 4,418 178,640 SH   SOLE 1 178,640 0 0
First Industrial Realty Trust COM 32054K103 298,417 14,514,445 SH   SOLE 1,2 7,885,334 0 6,629,111
First Trust Aberdeen Global Fund COM 337319107 1,610 133,742 SH   SOLE 1 118,600 0 15,142
First Trust Energy Income and Growth Fund COM 33738G104 16,743 458,712 SH   SOLE 1 458,712 0 0
First Trust Energy Infra. COM 33738C103 1,064 44,750 SH   SOLE 1 44,750 0 0
First Trust MLP and Energy Inc COM 33739B104 1,579 73,254 SH   SOLE 1 73,254 0 0
Flah & Crum/Claymore Preferred S I COM 338478100 5,123 268,945 SH   SOLE 1 257,800 0 11,145
Flah & Crum/Claymore Total Return Fund COM 338479108 5,122 258,938 SH   SOLE 1 250,679 0 8,259
Flaherty & Crumrine Dynamic COM 33848W106 2,984 134,112 SH   SOLE 1 115,431 0 18,681
Ford Motor Co COM 345370860 5,978 385,700 SH   SOLE 1 173,700 0 212,000
Foresight Energy LP COM 34552U104 5 274 SH   SOLE 1 274 0 0
Forest City Enterprises Cl A COM 345550107 124,663 5,852,744 SH   SOLE 1,2 5,244,895 0 607,849
Franklin Limited Duration Income Trust COM 35472T101 1,402 114,977 SH   SOLE 1 103,900 0 11,077
Freeport-Mcmoran Inc COM 35671D857 851 36,450 SH   SOLE 1 36,450 0 0
Gabelli Dividend & Income Trust COM 36242H104 21,942 1,013,042 SH   SOLE 1 991,715 0 21,327
Gabelli Equity Trust COM 362397101 8,459 1,307,363 SH   SOLE 1 1,298,604 0 8,759
GasLog Ltd. COM G37585109 712 35,006 SH   SOLE 1 35,006 0 0
General Dynamics Corp. COM 369550108 2,794 20,300 SH   SOLE 1 19,800 0 500
General Electric Co. COM 369604103 10,207 403,930 SH   SOLE 1 228,130 0 175,800
General Growth Properties COM 370023103 771,637 27,431,096 SH   SOLE 1,2 24,469,459 0 2,961,637
General Mills Inc. COM 370334104 5,413 101,500 SH   SOLE 1 40,700 0 60,800
Genesis Energy LP COM 371927104 14 327 SH   SOLE 1 327 0 0
Gilead Sciences Inc COM 375558103 21,095 223,800 SH   SOLE 1 112,900 0 110,900
Glimcher Realty Trust COM 379302102 1,899 138,235 SH   SOLE 1 138,235 0 0
Golar LNG Ltd COM G9456A100 595 16,310 SH   SOLE 1 16,310 0 0
Golar LNG Partners LP COM Y2745C102 26,832 861,380 SH   SOLE 1 861,380 0 0
Goldcorp Inc COM 380956409 339 18,323 SH   SOLE 1 18,323 0 0
Google Inc Cl C COM 38259P706 2,579 4,900 SH   SOLE 1 0 0 4,900
Google Inc. Cl A COM 38259P508 6,156 11,600 SH   SOLE 1 4,600 0 7,000
Gramercy Property Trust Inc COM 38489R100 54,548 7,905,494 SH   SOLE 1,2 6,988,567 0 916,927
Grupo Aeroportuario PAC - ADR ADR 400506101 25,529 403,934 SH   SOLE 1,2 373,434 0 30,500
Grupo Aeroportuario SUR - ADR ADR 40051E202 1,801 13,664 SH   SOLE 1 5,637 0 8,027
Guggenheim Build America COM 401664107 296 13,341 SH   SOLE 1 8,854 0 4,487
Hanesbrands Inc COM 410345102 16,151 144,700 SH   SOLE 1 76,100 0 68,600
Harley-Davidson Inc. COM 412822108 10,473 158,900 SH   SOLE 1 68,900 0 90,000
Hartford Financial Svcs Grp COM 416515104 15,671 375,900 SH   SOLE 1 219,900 0 156,000
Health Care REIT Inc. COM 42217K106 1,333,762 17,626,030 SH   SOLE 1,2 10,117,100 0 7,508,930
Healthcare Trust of America COM 42225P501 355,727 13,204,409 SH   SOLE 1,2 7,361,243 0 5,843,166
Hersha Hospitality Trust COM 427825104 19,055 2,710,547 SH   SOLE 1 2,710,547 0 0
Hewlett-Packard Co. COM 428236103 34,167 851,400 SH   SOLE 1 443,400 0 408,000
Highwoods Properties Inc. COM 431284108 34,555 780,371 SH   SOLE 1 780,371 0 0
Hilton Worldwide Holdings COM 43300A104 275,673 10,566,224 SH   SOLE 1,2 9,354,189 0 1,212,035
Hoegh LNG Partners LP COM Y3262R100 6,420 311,051 SH   SOLE 1 311,051 0 0
Home Depot Inc. COM 437076102 7,012 66,800 SH   SOLE 1 0 0 66,800
Home Properties Inc. COM 437306103 647,889 9,876,364 SH   SOLE 1,2 5,434,550 0 4,441,814
Host Hotels & Resorts Inc. COM 44107P104 464,436 19,538,758 SH   SOLE 1 6,677,207 0 12,861,551
HSBC Holdings PLC 6.20% (HBC A) PFD 404280604 2,031 79,045 SH   SOLE 1 79,045 0 0
Hudson Pacific Prop COM 444097109 17,035 566,709 SH   SOLE 1 566,709 0 0
Huntington Bancshare COM 446150104 12,706 1,207,800 SH   SOLE 1 738,100 0 469,700
Huntington Bancshares 8.5% CV (HBANP) PFD 446150401 31,129 23,405 SH   SOLE 1 23,405 0 0
I Shares Gold Trust COM 464285105 8,407 734,900 SH   SOLE 1 734,900 0 0
Ingredion Inc COM 457187102 594 7,000 SH   SOLE 1 7,000 0 0
Inland Real Estate Pr.B PFD 457461507 16,167 626,500 SH   SOLE 1 116,550 0 509,950
Intel Corp. COM 458140100 3,078 84,811 SH   SOLE 1 0 0 84,811
Invesco Van kampen Municipal Opportunity trust COM 46132C107 2,025 157,431 SH   SOLE 1 157,431 0 0
John Hancock Preferred Income Fund COM 41013W108 884 43,307 SH   SOLE 1 33,617 0 9,690
John Hancock T/A Dividend Income Fund COM 41013V100 17,643 792,217 SH   SOLE 1 769,996 0 22,221
Johnson & Johnson COM 478160104 146 1,400 SH   SOLE 1 0 0 1,400
JP Energy Partners LP COM 46643C109 3,159 258,334 SH   SOLE 1 258,334 0 0
JP Morgan Chase & Co COM 46625H100 27,766 443,694 SH   SOLE 1 255,894 0 187,800
Kansas City Southn COM 485170302 421 3,451 SH   SOLE 1 3,451 0 0
Kayne Anderson Energy Total Return COM 48660P104 7,388 265,274 SH   SOLE 1 265,274 0 0
Kayne Anderson MidstreamEnergy COM 48661E108 4,283 125,815 SH   SOLE 1 125,815 0 0
Kayne Anderson MLP Investment COM 486606106 16,934 443,538 SH   SOLE 1 443,538 0 0
Kilroy Realty Corp. COM 49427F108 541,510 7,840,022 SH   SOLE 1,2 3,406,962 0 4,433,060
Kimco Realty Corp. COM 49446R109 312,177 12,417,549 SH   SOLE 1,2 4,343,950 0 8,073,599
Kinder Morgan Inc. COM 49456B101 96,813 2,288,174 SH   SOLE 1,2 2,223,791 0 64,383
Knot Offshore Partners LP COM Y48125101 4,342 195,233 SH   SOLE 1 195,233 0 0
Kroger Co COM 501044101 35,378 550,968 SH   SOLE 1 272,168 0 278,800
L-3 Communications Holdings COM 502424104 13,889 110,050 SH   SOLE 1 56,900 0 53,150
La Quinta Holdings Inc. COM 50420D108 989 44,812 SH   SOLE 1 44,812 0 0
Las Vegas Sands Corp. COM 517834107 13,231 227,500 SH   SOLE 1 115,000 0 112,500
Legg Mason BW Global Income COM 52469B100 3,300 197,486 SH   SOLE 1 173,700 0 23,786
Lexington Corp Pr C CV PFD 529043309 8,854 183,231 SH   SOLE 1 183,231 0 0
Liberty Property Trust COM 531172104 199,533 5,302,498 SH   SOLE 1,2 4,573,626 0 728,872
LMP Capital And Income Fund COM 50208A102 3,754 223,975 SH   SOLE 1 223,975 0 0
LyondellBasell Industries A COM N53745100 10,599 133,500 SH   SOLE 1 68,000 0 65,500
Macquarie Global Infr Tot Rt COM 55608D101 522 21,115 SH   SOLE 1 21,115 0 0
Macquarie Infrastruc COM 55608B105 13,918 195,783 SH   SOLE 1 185,192 0 10,591
Magellan Midstream Partners COM 559080106 1,288 15,580 SH   SOLE 1 15,580 0 0
Market Vectors Oil Service ETF COM 57060U191 3,791 105,552 SH   SOLE 1 105,552 0 0
MarkWest Energy Partners LP COM 570759100 79,005 1,175,847 SH   SOLE 1 1,175,847 0 0
Martin Midstream Partners LP COM 573331105 2,492 92,696 SH   SOLE 1 92,696 0 0
McDonald's Corp. COM 580135101 150 1,597 SH   SOLE 1 0 0 1,597
Memorial Production Partners COM 586048100 2,386 163,504 SH   SOLE 1 163,504 0 0
MFS Multimarket Income Trust COM 552737108 1,274 196,070 SH   SOLE 1 174,356 0 21,714
Microsoft Corp. COM 594918104 27,220 586,000 SH   SOLE 1 217,200 0 368,800
Midcoast Energy Partners LP COM 59564N103 1,786 130,556 SH   SOLE 1 130,556 0 0
Monogram Residential Trust Inc COM 60979P105 24,420 2,637,128 SH   SOLE 1,2 2,334,634 0 302,494
Monsanto Co COM 61166W101 16,236 135,900 SH   SOLE 1 63,900 0 72,000
Morgan Stanley COM 617446448 12,726 328,000 SH   SOLE 1 158,700 0 169,300
Mosaic Company COM 61945C103 621 13,600 SH   SOLE 1 13,600 0 0
MPLX LP COM 55336V100 18,118 246,536 SH   SOLE 1 246,536 0 0
National Retail Properties COM 637417106 72,691 1,846,349 SH   SOLE 1 0 0 1,846,349
NATL WESTMINSTER 7.76% (NW C) PFD 638539882 158,798 1,154,505 SH   SOLE 1 1,148,575 0 5,930
Natural Resource Partners LP COM 63900P103 3,566 385,511 SH   SOLE 1 385,511 0 0
Navios Maritime Midstream Partners LP COM Y62134104 1,519 125,000 SH   SOLE 1 125,000 0 0
NetApp Inc. COM 64110D104 224 5,400 SH   SOLE 1 0 0 5,400
New America High Income Fund COM 641876800 1,440 161,104 SH   SOLE 1 138,504 0 22,600
Newmont Mining Corp COM 651639106 195 10,300 SH   SOLE 1 10,300 0 0
NextEra Energy Inc COM 65339F101 131,915 1,241,088 SH   SOLE 1,2 1,082,622 0 158,466
Nextera Energy Partners LP COM 65341B106 7,872 233,245 SH   SOLE 1,2 227,426 0 5,819
NGL Energy Partners LP COM 62913M107 27,239 973,166 SH   SOLE 1 973,166 0 0
NiSource Inc. COM 65473P105 21,352 503,343 SH   SOLE 1,2 503,343 0 0
Norfolk Southern Corp. COM 655844108 2,507 22,869 SH   SOLE 1 21,569 0 1,300
Northern Tier Energy Lp COM 665826103 3 127 SH   SOLE 1 127 0 0
NRG Yield Inc. COM 62942X108 538 11,411 SH   SOLE 1 11,411 0 0
NuStar Energy LP COM 67058H102 15,192 263,060 SH   SOLE 1 263,060 0 0
NuStar GP Holdings LLC COM 67059L102 4,581 133,103 SH   SOLE 1 133,103 0 0
Nuveen California AMT-Free Municipal Income Fund COM 670651108 1,649 111,875 SH   SOLE 1 111,875 0 0
Nuveen Dividend Advantage Municipal Fund 2 COM 67070F100 2,103 149,028 SH   SOLE 1 149,028 0 0
Nuveen Dow 30 Dynamic Overwite COM 67075F105 1,184 76,784 SH   SOLE 1 76,784 0 0
Nuveen Energy MLP Total Return COM 67074U103 6,057 298,099 SH   SOLE 1 298,099 0 0
Nuveen Floating Rate Income Opportunity Fund COM 6706EN100 109 9,648 SH   SOLE 1 0 0 9,648
Nuveen Mtg Opportunity COM 670735109 88 3,805 SH   SOLE 1 0 0 3,805
Nuveen Mtg Oppty Term F COM 67074R100 874 37,715 SH   SOLE 1 34,500 0 3,215
Nuveen Muni Mkt Opportunity COM 67062W103 2,174 159,501 SH   SOLE 1 159,501 0 0
Nuveen New York AMT-Free Municipal Income Fund COM 670656107 1,143 88,632 SH   SOLE 1 88,632 0 0
Nuveen Performance Plus Muni COM 67062P108 1,359 92,109 SH   SOLE 1 92,109 0 0
Nuveen Preferred & Income Term Fund COM 67075A106 7,544 336,028 SH   SOLE 1 320,671 0 15,357
Nuveen Preferred Income Opportunities Fund COM 67073B106 15,373 1,608,004 SH   SOLE 1 1,570,855 0 37,149
Nuveen Premier Muni Inc Fd COM 670988104 2,933 209,983 SH   SOLE 1 209,983 0 0
Nuveen Premium Inc Muni Fd 2 COM 67063W102 3,107 219,427 SH   SOLE 1 219,427 0 0
Nuveen Premium Inc Muni Fd 4 COM 6706K4105 1,582 119,337 SH   SOLE 1 119,337 0 0
Nuveen Real Estate Income Fund COM 67071B108 8,007 696,235 SH   SOLE 1 696,235 0 0
NuveeN S&P 500 B-W Income COM 6706ER101 2,176 179,718 SH   SOLE 1 179,718 0 0
Nuveen Select Qualty Muni Fd COM 670973106 1,017 72,884 SH   SOLE 1 72,884 0 0
Nuveen Short Duration Credit COM 67074X107 1,387 83,290 SH   SOLE 1 75,205 0 8,085
Nuveen Tax-Adv Tot Ret Strat COM 67090H102 3,311 248,576 SH   SOLE 1 248,576 0 0
Nuveen Tax-Advantaged Dividend Growth Fund COM 67073G105 3,713 229,882 SH   SOLE 1 229,882 0 0
Occidental Petroleum Corp. COM 674599105 121 1,500 SH   SOLE 1 0 0 1,500
Oiltanking Partners LP COM 678049107 26,147 561,344 SH   SOLE 1 561,344 0 0
Omega Healthcare Investors COM 681936100 159,989 4,094,930 SH   SOLE 1 364,296 0 3,730,634
Oneok Inc. COM 682680103 1,218 24,459 SH   SOLE 1 24,459 0 0
ONEOK Partners LP COM 68268N103 16 399 SH   SOLE 1 399 0 0
P G & E Corp. COM 69331C108 29,161 547,726 SH   SOLE 1,2 528,135 0 19,591
PACCAR Inc. COM 693718108 12,752 187,500 SH   SOLE 1 89,000 0 98,500
Paramount Group Inc COM 69924R108 116,979 6,292,585 SH   SOLE 1 5,671,248 0 621,337
Parkway Properties Inc. COM 70159Q104 74,015 4,024,732 SH   SOLE 1,2 3,052,772 0 971,960
Pattern Energy Group Inc. COM 70338P100 1,975 80,087 SH   SOLE 1 80,087 0 0
Pebblebrook Hotel Trust COM 70509V100 109,353 2,396,506 SH   SOLE 1 0 0 2,396,506
Pembina Pipeline Corp COM 706327103 718 19,645 SH   SOLE 1 19,645 0 0
Penn Real Estate Investment Trust COM 709102107 184,900 7,881,508 SH   SOLE 1,2 6,623,407 0 1,258,101
Perrigo Co Plc COM G97822103 13,955 83,480 SH   SOLE 1 35,692 0 47,788
Petroleo Brasileiro S.A. - ADR ADR 71654V408 98 13,400 SH   SOLE 1 13,400 0 0
Pfizer Inc. COM 717081103 9,194 295,167 SH   SOLE 1 146,984 0 148,183
Philip Morris International COM 718172109 67 828 SH   SOLE 1 0 0 828
Phillips 66 COM 718546104 832 11,600 SH   SOLE 1 11,600 0 0
Physicians Realty Trust COM 71943U104 51,684 3,113,473 SH   SOLE 1,2 2,595,776 0 517,697
PIMCO Corporate Opportunity COM 72201B101 7,483 470,614 SH   SOLE 1 456,089 0 14,525
Pimco Dynamic Credit Income COM 72202D106 14,671 710,472 SH   SOLE 1 691,975 0 18,497
Pimco Dynamic Income Fund COM 72201Y101 14,874 483,860 SH   SOLE 1 468,966 0 14,894
PIMCO Income Opportunity Fund COM 72202B100 13,290 530,520 SH   SOLE 1 515,062 0 15,458
PIMCO Income Strategy Fund II COM 72201J104 12,998 1,324,984 SH   SOLE 1 1,282,879 0 42,105
Pimco Municipal Income Fund II COM 72200W106 5,198 437,571 SH   SOLE 1 437,571 0 0
PIMCO Municipal Income Fund III COM 72201A103 1,208 108,849 SH   SOLE 1 108,849 0 0
Pinnacle Foods Inc Del COM 72348P104 318 9,000 SH   SOLE 1 9,000 0 0
Pioneer Diversified High Income COM 723653101 1,015 57,193 SH   SOLE 1 57,193 0 0
Pioneer Floating Rate Trust COM 72369J102 1,448 127,218 SH   SOLE 1 114,629 0 12,589
Plains All American Pipeline LP COM 726503105 40 772 SH   SOLE 1 772 0 0
Plains GP Holdings LP COM 72651A108 41,956 1,633,788 SH   SOLE 1,2 1,606,887 0 26,901
Post Properties Inc. COM 737464107 2,374 40,400 SH   SOLE 1 0 0 40,400
Potash Corp of Saskatchewan COM 73755L107 5,723 161,400 SH   SOLE 1 54,300 0 107,100
Potash Corp of Saskatchewan - US COM 73755L107 5,648 159,900 SH   SOLE 1 159,900 0 0
PPL Corp. COM 69351T106 10,326 284,227 SH   SOLE 1,2 270,444 0 13,783
Procter & Gamble Co. COM 742718109 282 3,100 SH   SOLE 1 0 0 3,100
ProLogis Inc. COM 74340W103 1,270,629 29,528,910 SH   SOLE 1,2 13,981,561 0 15,547,349
Prudential Finl Inc COM 744320102 15,821 174,900 SH   SOLE 1 99,800 0 75,100
PS Business Parks Inc. COM 69360J107 27,022 339,734 SH   SOLE 1 301,590 0 38,144
Public Storage COM 74460D109 892,282 4,827,061 SH   SOLE 1,2 2,026,143 0 2,800,918
Putnam Premier Income Trust COM 746853100 1,825 347,600 SH   SOLE 1 347,600 0 0
QTS Realty Trust Inc. Cl-A COM 74736A103 73,223 2,163,793 SH   SOLE 1,2 1,980,051 0 183,742
Qualcomm Inc. COM 747525103 3,100 41,700 SH   SOLE 1 0 0 41,700
Ramco-Gershenson Properties COM 751452202 39,491 2,107,319 SH   SOLE 1 2,107,319 0 0
Reaves Utility Income Fund COM 756158101 1,451 44,165 SH   SOLE 1 44,165 0 0
Regency Centers Corp. COM 758849103 901,806 14,139,323 SH   SOLE 1,2 7,804,963 0 6,334,360
Regency Energy Partners Lp COM 75885Y107 9,753 406,387 SH   SOLE 1 406,387 0 0
Republic Services Inc. COM 760759100 157 3,900 SH   SOLE 1 0 0 3,900
Retail Properties of America COM 76131V202 386,992 23,187,059 SH   SOLE 1,2 11,160,888 0 12,026,171
Rexford Industrial Realty Inc COM 76169C100 39,871 2,537,934 SH   SOLE 1 2,391,868 0 146,066
Rice Midstream Partners LP COM 762819100 5,912 352,957 SH   SOLE 1 352,957 0 0
RLJ Lodging Trust COM 74965L101 115,872 3,455,773 SH   SOLE 1 0 0 3,455,773
Rogers Communications Inc COM 775109200 109 2,800 SH   SOLE 1 0 0 2,800
Rose Rock Midstream LP COM 777149105 17,851 392,751 SH   SOLE 1 392,751 0 0
Ross Stores Inc COM 778296103 10,548 111,900 SH   SOLE 1 35,000 0 76,900
Royal Bank of Scotland 6.35% (RBS N) PFD 780097770 98,733 4,189 SH   SOLE 1 200 0 3,989
Royal Bank of Scotland Pr.H PFD 780097879 64,393 2,725 SH   SOLE 1 200 0 2,525
Sandisk Corp COM 80004C101 21,551 219,953 SH   SOLE 1 112,453 0 107,500
SBA Communications Corp. Cl A COM 78388J106 93,415 843,404 SH   SOLE 1 843,404 0 0
Schlumberger Ltd. COM 806857108 2,204 25,800 SH   SOLE 1 13,500 0 12,300
Seadrill Partners LLC COM Y7545W109 4,306 265,305 SH   SOLE 1 259,359 0 5,946
Semgroup Corp COM 81663A105 35,714 522,210 SH   SOLE 1,2 504,117 0 18,093
Sempra Energy COM 816851109 101,846 914,564 SH   SOLE 1,2 891,033 0 23,531
Shell Midstream Partners LP COM 822634101 12,344 301,216 SH   SOLE 1 301,216 0 0
Simon Property Group Inc. COM 828806109 2,485,849 13,650,262 SH   SOLE 1,2 7,194,218 0 6,456,044
Skyworks Solutions I COM 83088M102 18,606 255,900 SH   SOLE 1 124,500 0 131,400
SL Green Realty Corp. COM 78440X101 1,426,562 11,985,903 SH   SOLE 1,2 7,036,968 0 4,948,935
Southcross Energy Partners L COM 84130C100 6,493 408,349 SH   SOLE 1 408,349 0 0
Southern Co COM 842587107 3,696 75,260 SH   SOLE 1 58,371 0 16,889
Southern Copper Corp COM 84265V105 556 19,700 SH   SOLE 1 19,700 0 0
Sovran Self Storage Inc. COM 84610H108 252,223 2,891,797 SH   SOLE 1,2 2,581,002 0 310,795
SPDR Trust Series 1 COM 78462F103 16,617 80,863 SH   SOLE 1 80,863 0 0
Spectra Energy Corp. COM 847560109 17,843 491,549 SH   SOLE 1 433,557 0 57,992
Spectra Energy Partners LP COM 84756N109 7,062 123,957 SH   SOLE 1 123,957 0 0
Spirit Realty Capital COM 84860W102 365,357 30,728,071 SH   SOLE 1,2 13,240,264 0 17,487,807
Sprague Resources COM 849343108 8,300 353,945 SH   SOLE 1 353,945 0 0
Spx Corp COM 784635104 12,954 150,764 SH   SOLE 1 58,524 0 92,240
STAG Industrial COM 85254J102 27,036 1,103,503 SH   SOLE 1 1,103,503 0 0
Starbucks Corp COM 855244109 9,067 110,500 SH   SOLE 1 32,800 0 77,700
Starwood Waypoint Reside COM 85571W109 83,212 3,155,541 SH   SOLE 1,2 2,491,845 0 663,696
Stillwater Mng Co COM 86074Q102 419 28,400 SH   SOLE 1 28,400 0 0
Stone Harbor Emerging Market COM 86164T107 1,318 84,952 SH   SOLE 1 76,574 0 8,378
Strategic Hotels & Resorts I COM 86272T106 358,994 27,134,808 SH   SOLE 1 16,592,018 0 10,542,790
Suburban Propane Partners LP COM 864482104 7,016 162,288 SH   SOLE 1 162,288 0 0
Summit Hotel Properties COM 866082100 7,989 642,191 SH   SOLE 1 59,448 0 582,743
Summit Midstream Partners Lp COM 866142102 14,609 384,454 SH   SOLE 1,2 378,796 0 5,658
Sun Communities Inc. COM 866674104 225,822 3,735,063 SH   SOLE 1 3,058,629 0 676,434
Suncor Energy Inc COM 867224107 662 20,764 SH   SOLE 1 12,964 0 7,800
Sunoco Logistics Partners LP COM 86764L108 27 640 SH   SOLE 1 640 0 0
Sunstone Hotel Investors Inc. COM 867892101 533,377 32,306,308 SH   SOLE 1,2 20,809,746 0 11,496,562
Sunstone Hotel Pr. D PFD 867892507 21,816 831,395 SH   SOLE 1 552,745 0 278,650
Tallgrass Energy Partners LP COM 874697105 21,437 479,571 SH   SOLE 1 479,571 0 0
Targa Resources Corp COM 87612G101 2,792 26,330 SH   SOLE 1 26,330 0 0
Targa Resources Partners Lp COM 87611X105 12,259 256,046 SH   SOLE 1 256,046 0 0
Taubman Centers Inc. COM 876664103 452,606 5,922,606 SH   SOLE 1,2 3,126,815 0 2,795,791
TC Pipelines LP COM 87233Q108 7,781 109,255 SH   SOLE 1 109,255 0 0
TE Connectivity LTD COM H84989104 1,452 22,964 SH   SOLE 1 21,364 0 1,600
Teekay Corp. COM Y8564W103 50,245 987,321 SH   SOLE 1 971,464 0 15,857
Teekay Lng Partners Lp COM Y8564M105 1,652 38,424 SH   SOLE 1 38,424 0 0
Teekay Offshore Partners Lp COM Y8565J101 21,272 794,039 SH   SOLE 1 794,039 0 0
Templeton Global Income Fund COM 880198106 486 67,615 SH   SOLE 1 61,609 0 6,006
Tesoro Logistics LP COM 88160T107 545 9,254 SH   SOLE 1 9,254 0 0
The Macerich Co. COM 554382101 837,772 10,044,026 SH   SOLE 1,2 4,882,539 0 5,161,487
Thermo Fisher Scientific Inc. COM 883556102 14,732 117,583 SH   SOLE 1 55,692 0 61,891
Toll Brothers Inc COM 889478103 46,210 1,348,423 SH   SOLE 1,2 1,211,901 0 136,522
Toronto-Dominion Bank COM 891160509 1,228 25,700 SH   SOLE 1 25,700 0 0
Tortoise Energy Infrastructu COM 89147L100 3,210 73,335 SH   SOLE 1 73,335 0 0
Transocean Partners LLP COM Y8977Y100 1,021 69,810 SH   SOLE 1 69,810 0 0
Triumph Group Inc Ne COM 896818101 9,712 144,485 SH   SOLE 1 73,185 0 71,300
Tyson Foods Inc COM 902494103 43,438 1,083,500 SH   SOLE 1 556,900 0 526,600
UDR Inc. COM 902653104 1,029,662 33,408,886 SH   SOLE 1,2 19,157,749 0 14,251,137
UMH Properties 8.25% (UMH.PRA) PFD 903002202 4,769 180,512 SH   SOLE 1 50,000 0 130,512
Union Pacific Corp. COM 907818108 37,626 315,840 SH   SOLE 1,2 307,911 0 7,929
United Continental Holdings Inc COM 910047109 19,371 289,600 SH   SOLE 1 143,400 0 146,200
United Parcel Service Cl B COM 911312106 245 2,200 SH   SOLE 1 0 0 2,200
United Technologies Corp. COM 913017109 6,452 56,100 SH   SOLE 1 0 0 56,100
Universal Health Services COM 913903100 17,879 160,700 SH   SOLE 1 69,800 0 90,900
Urstadt Biddle Prop Pr.G PFD 917286809 9,459 365,000 SH   SOLE 1 39,700 0 325,300
USA Compression Partners LP COM 90290N109 15,808 952,850 SH   SOLE 1 952,850 0 0
USD Partners LP COM 903318103 4,404 310,803 SH   SOLE 1 310,803 0 0
Valero Energy Partners COM 91914J102 9,603 222,027 SH   SOLE 1 218,529 0 3,498
Vanguard S&P 500 ETF COM 922908363 1,989 10,554 SH   SOLE 1 10,554 0 0
Ventas Inc. COM 92276F100 943,810 13,163,323 SH   SOLE 1,2 5,417,406 0 7,745,917
VF Corp. COM 918204108 14,051 187,600 SH   SOLE 1 95,600 0 92,000
Visa Inc.-Class A Shares COM 92826C839 1,731 6,600 SH   SOLE 1 0 0 6,600
Vornado Realty Trust COM 929042109 1,574,213 13,373,655 SH   SOLE 1,2 7,226,388 0 6,147,267
Vtti Energy Partners LP COM Y9384M101 13,902 560,789 SH   SOLE 1 560,789 0 0
Wal-Mart Stores Inc. COM 931142103 4,509 52,500 SH   SOLE 1 0 0 52,500
Walt Disney Co. COM 254687106 24,621 261,400 SH   SOLE 1 122,500 0 138,900
Weingarten Realty Investors COM 948741103 559,787 16,030,566 SH   SOLE 1,2 8,653,330 0 7,377,236
Wells Fargo & Co. COM 949746101 19,550 356,613 SH   SOLE 1 246,887 0 109,726
Wells Fargo Advantage Income Opportunities Fund COM 94987B105 1,760 197,938 SH   SOLE 1 173,800 0 24,138
Wells Fargo Advantage Multi-sector COM 94987D101 2,483 182,158 SH   SOLE 1 161,978 0 20,180
Wells Fargo Co 7.5% (WFC L) PFD 949746804 7,032 5,800 SH   SOLE 1 5,800 0 0
Western Asset Global Cp COM 95790C107 1,437 80,815 SH   SOLE 1 71,806 0 9,009
Western Asset Global High In COM 95766B109 1,244 112,050 SH   SOLE 1 96,400 0 15,650
Western Asset High Yield Defined Opportunity COM 95768B107 1,329 84,285 SH   SOLE 1 75,800 0 8,485
Western Asset Municipal Part COM 95766P108 444 29,928 SH   SOLE 1 29,928 0 0
Western Asset Premier Bond COM 957664105 813 58,561 SH   SOLE 1 58,561 0 0
Western Digital Corp COM 958102105 13,218 119,400 SH   SOLE 1 61,000 0 58,400
Western Gas Equity Partners COM 95825R103 419 6,949 SH   SOLE 1 6,949 0 0
Western Gas Partners LP COM 958254104 10 135 SH   SOLE 1 135 0 0
Westlake Chemical Partners LP COM 960417103 4,086 140,884 SH   SOLE 1 140,884 0 0
Weyerhaeuser Co COM 962166104 869 24,214 SH   SOLE 1 24,214 0 0
Williams Cos Inc. COM 969457100 67,692 1,506,283 SH   SOLE 1,2 1,442,007 0 64,276
Access Midstream Partners COM 00434l109 21,182 390,813 SH   SOLE 1 388,246 0 2,567
Williams Partners LP COM 96950F104 27,912 623,721 SH   SOLE 1 623,721 0 0
Wisconsin Energy Corp. COM 976657106 954 18,094 SH   SOLE 1 18,094 0 0
Washington Prime Group COM 939647103 30,127 1,749,561 SH   SOLE 1 635,339 0 1,114,222
WW Grainger Inc COM 384802104 7,494 29,400 SH   SOLE 1 4,400 0 25,000
Xilinx Inc COM 983919101 13,152 303,800 SH   SOLE 1 162,300 0 141,500
Zimmer Holdings Inc. COM 98956P102 19,803 174,600 SH   SOLE 1 89,600 0 85,000