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 288 5,100 SH   SOLE 1 0 0 5,100
Abengoa Yield PLC COM G00349103 12,487 330,175 SH   SOLE 1,2 330,175 0 0
Accenture Plc COM G1151C101 81 1,000 SH   SOLE 1 0 0 1,000
Access Midstream Partners LP COM 00434L109 23,471 369,326 SH   SOLE 1,2 369,326 0 0
Aetna Inc COM 00817Y108 29,353 362,025 SH   SOLE 1 276,725 0 85,300
AGIC Convertible & Income FD II COM 018825109 3,548 354,773 SH   SOLE 1 354,773 0 0
AGIC Convertible & Income Fund COM 018828103 9,204 869,115 SH   SOLE 1 848,773 0 20,342
Alaska Airgroup COM 011659109 26,334 277,050 SH   SOLE 1 220,850 0 56,200
Alcoa Inc. COM 013817101 304 20,400 SH   SOLE 1 20,400 0 0
Alexander's Inc. COM 014752109 3,644 9,863 SH   SOLE 1 9,863 0 0
Alliance Holdings GP LP COM 01861G100 6 88 SH   SOLE 1 88 0 0
AllianceBernstein Global High Income Fund COM 01879R106 2,474 172,184 SH   SOLE 1 152,462 0 19,722
AllianceBernstein Income Fund COM 01881E101 1,086 144,354 SH   SOLE 1 128,300 0 16,054
Alliant Energy Corp. COM 018802108 36,741 603,693 SH   SOLE 1,2 603,693 0 0
Alpine Global Premier Properties Fund COM 02083A103 5,955 800,438 SH   SOLE 1 800,438 0 0
American Assets Trust Inc COM 024013104 191,850 5,552,832 SH   SOLE 1,2 4,589,477 0 963,355
American Express Co. COM 025816109 32,151 338,900 SH   SOLE 1 266,800 0 72,100
American Homes 4 Rent-CL COM 02665T306 90,243 5,081,237 SH   SOLE 1,2 4,420,827 0 660,410
American International Group COM 026874784 42,283 774,701 SH   SOLE 1 605,001 0 169,700
American Realty Capital Properties COM 02917T104 463,793 37,014,633 SH   SOLE 1,2 22,389,430 0 14,625,203
American Tower Corp COM 03027X100 262,351 2,915,658 SH   SOLE 1,2 2,840,958 0 74,700
Amerigas Partners LP COM 030975106 7,743 170,590 SH   SOLE 1 170,590 0 0
Ameriprise Finl Inc COM 03076C106 46,230 385,250 SH   SOLE 1 291,750 0 93,500
Amgen Inc. COM 031162100 6,664 56,300 SH   SOLE 1 10,700 0 45,600
AmREIT Inc. COM 03216B208 3,659 199,952 SH   SOLE 1 199,952 0 0
Anadarko Petroleum Corp. COM 032511107 34,050 311,045 SH   SOLE 1 235,845 0 75,200
Anheuser Busch InBev NV ADR 03524A108 15,040 130,850 SH   SOLE 1 130,850 0 0
Apache Corp. COM 037411105 413 4,100 SH   SOLE 1 4,100 0 0
Apartment Investment & Management Co. COM 03748R101 531,694 16,476,417 SH   SOLE 1,2 9,665,355 0 6,811,062
Apple Inc. COM 037833100 49,879 536,735 SH   SOLE 1 356,035 0 180,700
Archer-Daniels-Midland Co. COM 039483102 917 20,800 SH   SOLE 1 20,800 0 0
Ashford Hospitality Pr.E PFD 044103505 13,131 476,641 SH   SOLE 1 425,000 0 51,641
Ashford Hospitality Prime Inc COM 044102101 23,222 1,353,290 SH   SOLE 1 1,126,822 0 226,468
AT&T Inc. COM 00206R102 16,230 459,000 SH   SOLE 1 381,000 0 78,000
Atlas Energy Inc COM 04930A104 4 84 SH   SOLE 1 84 0 0
Atlas Pipeline Partners LP COM 049392103 12 363 SH   SOLE 1 363 0 0
Atmos Energy Corp. COM 049560105 20,575 385,293 SH   SOLE 1,2 385,293 0 0
Avago Technologies L COM Y0486S104 65,464 908,337 SH   SOLE 1 680,537 0 227,800
Avalonbay Communities Inc COM 053484101 30,111 211,769 SH   SOLE 1 211,769 0 0
AVIV Reit Inc COM 05381L101 99,287 3,524,562 SH   SOLE 1,2 3,007,795 0 516,767
Baker Hughes Inc. COM 057224107 30,994 416,300 SH   SOLE 1 323,900 0 92,400
Bank Of America Corp. COM 060505104 44,590 2,901,100 SH   SOLE 1 2,381,500 0 519,600
Barclays Bank 7.10% (BCS A) PFD 06739H776 8,379 327,161 SH   SOLE 1 327,161 0 0
Barclays Bank 7.75% (BCS C) PFD 06739H511 27,183 1,054,819 SH   SOLE 1 1,042,930 0 11,889
Barclays Bank 8.125% (BCS D) PFD 06739H362 28,843 1,115,334 SH   SOLE 1 1,104,875 0 10,459
Barclays Bank PLC 6.625% (BCS) PFD 06739F390 259 10,200 SH   SOLE 1 10,200 0 0
Barrick Gold Corp. COM 067901108 625 34,152 SH   SOLE 1 34,152 0 0
BioMed Realty Trust Inc. COM 09063H107 201,185 9,215,973 SH   SOLE 1,2 8,476,596 0 739,377
Blackrock Build Amer Bd COM 09248X100 905 41,697 SH   SOLE 1 36,987 0 4,710
Blackrock Corporate High Yield Fund 6 COM 09255P107 219 17,780 SH   SOLE 1 0 0 17,780
Blackrock Debt Strategies Fund COM 09255R103 342 83,300 SH   SOLE 1 83,300 0 0
Blackrock Enh Cap And Inc COM 09256A109 6,531 443,388 SH   SOLE 1 443,388 0 0
Blackrock Global Enrg & Res COM 09250U101 2,491 92,346 SH   SOLE 1 92,346 0 0
Blackrock Health Sciences Trust COM 09250W107 2,013 54,800 SH   SOLE 1 54,800 0 0
Blackrock Inc. COM 09247X101 33,719 105,503 SH   SOLE 1 83,484 0 22,019
Blackrock Limited Duration Income Trust COM 09249W101 1,465 84,723 SH   SOLE 1 74,622 0 10,101
BlackRock Long-Term Municipal Advantage Trust COM 09250B103 2,606 230,796 SH   SOLE 1 230,796 0 0
BlackRock Municipal Bond Trust COM 09249H104 1,968 125,217 SH   SOLE 1 125,217 0 0
Blackrock Munienhanced Fund COM 09253Y100 3,718 332,516 SH   SOLE 1 332,516 0 0
Blackrock Muniholdings In Ii COM 09254C107 2,078 156,848 SH   SOLE 1 156,848 0 0
Blackrock Muniholdings Insur COM 09254P108 4,629 333,535 SH   SOLE 1 333,535 0 0
Blackrock Muniyield Insured COM 09254E103 3,388 245,307 SH   SOLE 1 245,307 0 0
BlackRock MuniYield Investment Fund COM 09254R104 393 26,731 SH   SOLE 1 26,731 0 0
BlackRock MuniYield Investment Quality Fund COM 09254T100 2,378 177,098 SH   SOLE 1 177,098 0 0
Blackrock Muniyield Qual Ii COM 09254G108 955 74,667 SH   SOLE 1 74,667 0 0
Blackrock Muniyield Quality COM 09254F100 1,290 85,616 SH   SOLE 1 85,616 0 0
Blackrock Real Asset Equity COM 09254B109 2,912 310,151 SH   SOLE 1 310,151 0 0
Boise Cascade LLC COM 09739D100 12,036 420,240 SH   SOLE 1 420,240 0 0
Boston Properties Inc. COM 101121101 444,444 3,760,736 SH   SOLE 1,2 783,230 0 2,977,506
BP PLC-Sponsored ADR ADR 055622104 15,535 294,500 SH   SOLE 1 294,500 0 0
Brandywine Realty Trust COM 105368203 793 50,821 SH   SOLE 1,2 45,179 0 5,642
BRF - Brasil Foods SA ADR ADR 10552T107 929 38,200 SH   SOLE 1 38,200 0 0
Brixmor Property Group COM 11120U105 77,381 3,371,715 SH   SOLE 1,2 2,505,271 0 866,444
Brookdale Senior Living Inc. COM 112463104 10,682 320,387 SH   SOLE 1 320,387 0 0
Brookfield Office Properti-U COM 112823109 218 8,437 SH   SOLE 1 8,437 0 0
Buckeye Partners LP COM 118230101 44,384 534,364 SH   SOLE 1 534,364 0 0
Bunge Ltd. COM G16962105 690 9,120 SH   SOLE 1 9,120 0 0
Calamos Convertible & High Income Fund COM 12811P108 2,475 167,238 SH   SOLE 1 150,030 0 17,208
Calumet Specialty Products Partners LP COM 131476103 3,068 96,470 SH   SOLE 1 96,470 0 0
Canadian Natl Railway COM 136375102 6,134 94,144 SH   SOLE 1 94,144 0 0
Canadian Natural Resources Ltd COM 136385101 270 5,869 SH   SOLE 1 5,869 0 0
Canadian Pacific Railway Ltd COM 13645T100 3,034 16,716 SH   SOLE 1 16,716 0 0
Capital One Financial Corp. COM 14040H105 20,408 247,075 SH   SOLE 1 214,075 0 33,000
Carbo Ceramics Inc COM 140781105 154 1,000 SH   SOLE 1 1,000 0 0
CBL & Associates Properties COM 124830100 2,081 109,535 SH   SOLE 1 109,535 0 0
CBRE Clarion Global Real Estate Income Fund COM 12504G100 5,102 559,994 SH   SOLE 1 559,994 0 0
CenterPoint Energy Inc. COM 15189T107 36,435 1,426,604 SH   SOLE 1,2 1,426,604 0 0
Cheniere Energy Inc COM 16411R208 1,195 16,673 SH   SOLE 1 16,673 0 0
Cheniere Energy Partners LP COM 16411Q101 21,084 638,125 SH   SOLE 1 638,125 0 0
Chevron Corp. COM 166764100 235 1,800 SH   SOLE 1 0 0 1,800
Cigna Corp. COM 125509109 38,420 417,750 SH   SOLE 1 312,050 0 105,700
Cisco Systems Inc. COM 17275R102 204 8,200 SH   SOLE 1 0 0 8,200
Citigroup Inc. COM 172967424 47,588 1,010,360 SH   SOLE 1 855,960 0 154,400
Citrix Sys Inc COM 177376100 56,886 909,450 SH   SOLE 1 696,550 0 212,900
Clearbridge Energy Mlp COM 184692101 1,260 42,200 SH   SOLE 1 42,200 0 0
Clearbridge Energy MLP Opportunity Fd COM 18469P100 2,769 109,002 SH   SOLE 1 109,002 0 0
Clough Global Opportunities Fund COM 18914E106 5,231 402,400 SH   SOLE 1 402,400 0 0
CMS Energy Corp COM 125896100 59,232 1,901,493 SH   SOLE 1,2 1,900,193 0 1,300
Comerica Inc. COM 200340107 8,352 166,500 SH   SOLE 1 166,500 0 0
Conocophillips COM 20825C104 460 5,364 SH   SOLE 1 3,464 0 1,900
Consumer Discretionary Selt COM 81369Y407 5,059 75,799 SH   SOLE 1 75,799 0 0
Corenergy Infrastructure Trust Inc. COM 21870U205 11,886 1,604,050 SH   SOLE 1 1,604,050 0 0
Corporate Office Properties COM 22002T108 320,619 11,528,923 SH   SOLE 1,2 7,469,488 0 4,059,435
Costco Wholesale Corp. COM 22160K105 28,269 245,475 SH   SOLE 1 153,975 0 91,500
Cousins Properties Inc. COM 222795106 163,626 13,142,620 SH   SOLE 1,2 12,020,590 0 1,122,030
Covidien PLC COM G2554F113 207 2,300 SH   SOLE 1 0 0 2,300
Crestwood Equity Partners LP COM 226344109 1,914 128,710 SH   SOLE 1 128,710 0 0
Crestwood Midstream Partners LP COM 226378107 6,658 301,689 SH   SOLE 1 301,689 0 0
Crown Castle Intl Corp COM 228227104 184,497 2,484,470 SH   SOLE 1,2 2,484,470 0 0
CSX Corp. COM 126408103 36,319 1,178,807 SH   SOLE 1 908,276 0 270,531
CubeSmart COM 229663109 359,906 19,645,544 SH   SOLE 1,2 11,347,845 0 8,297,699
CVS Caremark Corp. COM 126650100 30,245 401,290 SH   SOLE 1 302,715 0 98,575
CyrusOne Inc COM 23283R100 61,880 2,485,131 SH   SOLE 1 1,858,196 0 626,935
D.R. Horton Inc. COM 23331A109 22,550 917,412 SH   SOLE 1 688,212 0 229,200
DCP Midstream Partners LP COM 23311P100 12,442 218,275 SH   SOLE 1 218,275 0 0
DDR Corp. COM 23317H102 157,449 8,930,732 SH   SOLE 1 0 0 8,930,732
Devon Energy Corp. COM 25179M103 52,585 662,285 SH   SOLE 1 515,685 0 146,600
Diamond Offshore Dri COM 25271C102 199 4,000 SH   SOLE 1 4,000 0 0
Diamondrock Hospitality Co. COM 252784301 376,257 29,349,213 SH   SOLE 1,2 14,294,145 0 15,055,068
Digital Realty Trust Inc. COM 253868103 51,349 880,463 SH   SOLE 1,2 103,983 0 776,480
Dominion Resources Inc./Va COM 25746U109 109,649 1,533,129 SH   SOLE 1,2 1,533,129 0 0
Douglas Emmett Inc. COM 25960P109 401,947 14,243,327 SH   SOLE 1,2 9,786,188 0 4,457,139
Dow Chemical COM 260543103 87 1,700 SH   SOLE 1 0 0 1,700
DTE Energy Company COM 233331107 58,493 751,165 SH   SOLE 1,2 751,165 0 0
Duke Energy Corp. COM 26441C204 34,444 464,261 SH   SOLE 1,2 464,261 0 0
Dynagas LNG Partners LP COM Y2188B108 16,042 661,511 SH   SOLE 1 661,511 0 0
Eagle Materials Inc COM 26969P108 11,619 123,238 SH   SOLE 1 94,338 0 28,900
Eastman Chemical Company COM 277432100 33,705 385,863 SH   SOLE 1 292,445 0 93,418
Eaton Vance Enh Eqt Inc Ii COM 278277108 1,620 120,334 SH   SOLE 1 120,334 0 0
Eaton Vance Insured Muni Bnd COM 27827X101 2,855 229,713 SH   SOLE 1 229,713 0 0
Eaton Vance Limited Duration Fund COM 27828H105 1,100 70,623 SH   SOLE 1 64,180 0 6,443
EATON VANCE MUNICIPAL INCOME COM 27829U105 2,103 124,824 SH   SOLE 1 124,824 0 0
Eaton Vance National Municipal Opportunities Trust COM 27829L105 2,067 103,346 SH   SOLE 1 103,346 0 0
Eaton Vance Sr Fltg Rate Trust COM 27828Q105 398 26,739 SH   SOLE 1 22,773 0 3,966
Eaton Vance T/A Global Dividend Income COM 27828S101 7,531 428,398 SH   SOLE 1 428,398 0 0
Eaton Vance T/M Buy-Write Opportunity COM 27828Y108 17,544 1,189,431 SH   SOLE 1 1,189,431 0 0
Eaton Vance Tax Adv Global Dividend O COM 27828U106 4,973 191,946 SH   SOLE 1 191,946 0 0
Eaton Vance Tax Man Global Br COM 27829C105 9,805 768,393 SH   SOLE 1 768,393 0 0
Eaton Vance Tax-Adv Dvd. Inc. Fund COM 27828G107 23,902 1,154,705 SH   SOLE 1 1,133,668 0 21,037
Eaton Vance Tax-Managed Dividend COM 27828N102 22,098 1,888,682 SH   SOLE 1 1,853,939 0 34,743
Eaton Vance Tax-Managed Global COM 27829F108 18,745 1,807,653 SH   SOLE 1 1,807,653 0 0
Ecolab Inc. COM 278865100 13,571 121,890 SH   SOLE 1 79,890 0 42,000
Ecopetrol SA ADR ADR 279158109 288 8,000 SH   SOLE 1 8,000 0 0
Education Realty Trust Inc. COM 28140H104 94,778 8,824,755 SH   SOLE 1,2 4,366,723 0 4,458,032
El Paso Pipeline Partners LP COM 283702108 26,937 743,491 SH   SOLE 1 743,491 0 0
Empire State Realty Trust COM 292104106 217,586 13,187,046 SH   SOLE 1,2 8,900,579 0 4,286,467
Enable Midstream Partners LP COM 292480100 6,072 231,846 SH   SOLE 1 231,846 0 0
Enbridge Energy Mana COM 29250X103 36,868 1,045,891 SH   SOLE 1 1,045,891 0 0
Enbridge Inc COM 29250N105 108,997 2,293,071 SH   SOLE 1,2 2,293,071 0 0
Energy Select Sector Spdr COM 81369Y506 3,705 37,009 SH   SOLE 1 37,009 0 0
Energy Transfer Equity Lp COM 29273V100 63,086 1,070,340 SH   SOLE 1,2 1,070,340 0 0
Energy Transfer Partners LP COM 29273R109 28,187 486,234 SH   SOLE 1 486,234 0 0
Eni SPA ADR 26874R108 14,947 272,260 SH   SOLE 1 272,260 0 0
EnLink Midstream Partners LP COM 29336U107 10,860 345,534 SH   SOLE 1 345,534 0 0
Ensco PLC COM G3157S106 18,226 327,975 SH   SOLE 1 252,075 0 75,900
Enterprise Products Partners COM 293792107 74,806 955,502 SH   SOLE 1 955,502 0 0
Eog Res Inc COM 26875P101 47,193 403,840 SH   SOLE 1 309,740 0 94,100
EPR Properties 9% E PFD 26884U307 7,304 233,416 SH   SOLE 1 191,000 0 42,416
EQT Midstream Partners LP COM 26885B100 62,559 646,673 SH   SOLE 1,2 646,673 0 0
Equity Residential COM 29476L107 1,659,733 26,344,961 SH   SOLE 1,2 14,459,362 0 11,885,599
Essex Property Trust Inc. COM 297178105 304,648 1,647,545 SH   SOLE 1,2 814,523 0 833,022
EV Energy Partner LP COM 26926V107 1,981 50,000 SH   SOLE 1 50,000 0 0
Exelon Corp. COM 30161N101 71,424 1,957,882 SH   SOLE 1,2 1,957,882 0 0
Exterran Partners Lp COM 30225N105 4,481 158,460 SH   SOLE 1 158,460 0 0
Extra Space Storage Inc. COM 30225T102 565,011 10,610,530 SH   SOLE 1,2 5,281,312 0 5,329,218
Exxon Mobil Corp. COM 30231G102 108,054 1,073,241 SH   SOLE 1 871,807 0 201,434
F5 Networks Inc COM 315616102 23,144 207,684 SH   SOLE 1 158,984 0 48,700
Federal Realty Investment Trust COM 313747206 177,394 1,467,040 SH   SOLE 1 0 0 1,467,040
Financial Select Sector SPDR COM 81369Y605 1,721 75,700 SH   SOLE 1 75,700 0 0
First Industrial Realty Trust COM 32054K103 247,869 13,156,554 SH   SOLE 1,2 6,830,262 0 6,326,292
First Trust Aberdeen Global Fund COM 337319107 1,961 133,615 SH   SOLE 1 118,600 0 15,015
First Trust Energy Income and Growth Fund COM 33738G104 13,737 379,997 SH   SOLE 1 379,997 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 5,353 248,292 SH   SOLE 1 248,292 0 0
Flah & Crum/Claymore Preferred S I COM 338478100 5,535 282,392 SH   SOLE 1 271,247 0 11,145
Flah & Crum/Claymore Total Return Fund COM 338479108 5,142 256,438 SH   SOLE 1 250,679 0 5,759
Flaherty & Crumrine Dynamic COM 33848W106 3,089 131,130 SH   SOLE 1 117,393 0 13,737
Flowserve Corp COM 34354P105 21,506 289,255 SH   SOLE 1 220,355 0 68,900
Ford Motor Co COM 345370860 11,188 648,950 SH   SOLE 1 479,850 0 169,100
Forest City Enterprises Cl A COM 345550107 266,231 13,398,663 SH   SOLE 1,2 11,682,043 0 1,716,620
Franklin Limited Duration Income Trust COM 35472T101 1,504 114,977 SH   SOLE 1 103,900 0 11,077
Freeport-Mcmoran Copper COM 35671D857 305 8,350 SH   SOLE 1 8,350 0 0
Gabelli Dividend & Income Trust COM 36242H104 21,315 973,292 SH   SOLE 1 959,262 0 14,030
Gabelli Global Small and Mid Cap Value Trust COM 36249W104 997 92,467 SH   SOLE 1 91,064 0 1,403
GasLog Ltd. COM G37585109 3 85 SH   SOLE 1 85 0 0
GasLog Partners LP COM Y2687W108 224 6,145 SH   SOLE 1 6,145 0 0
General Dynamics Corp. COM 369550108 8,460 72,585 SH   SOLE 1 71,785 0 800
General Electric Co. COM 369604103 6,855 260,855 SH   SOLE 1 203,555 0 57,300
General Growth Properties COM 370023103 532,277 22,592,399 SH   SOLE 1,2 20,465,213 0 2,127,186
Genesis Energy LP COM 371927104 21 383 SH   SOLE 1 383 0 0
Gerdau SA ADR ADR 373737105 196 33,300 SH   SOLE 1 33,300 0 0
Gilead Sciences Inc COM 375558103 25,615 308,950 SH   SOLE 1 230,950 0 78,000
Glimcher Realty Trust COM 379302102 271,559 25,074,742 SH   SOLE 1,2 21,354,738 0 3,720,004
Golar LNG Ltd COM G9456A100 379 6,312 SH   SOLE 1 6,312 0 0
Golar LNG Partners LP COM Y2745C102 34,159 926,972 SH   SOLE 1 926,972 0 0
Goldcorp Inc COM 380956409 291 10,423 SH   SOLE 1 10,423 0 0
Google Inc Cl C COM 38259P706 3,854 6,700 SH   SOLE 1 1,800 0 4,900
Google Inc. Cl A COM 38259P508 7,835 13,400 SH   SOLE 1 6,400 0 7,000
Gramercy Property Trust Inc COM 38489R100 72,943 12,056,703 SH   SOLE 1 11,783,844 0 272,859
Grupo Aeroportuario PAC - ADR ADR 400506101 24,933 368,715 SH   SOLE 1,2 368,715 0 0
Grupo Aeroportuario SUR - ADR ADR 40051E202 987 7,768 SH   SOLE 1 7,768 0 0
Guggenheim Build America COM 401664107 220 9,966 SH   SOLE 1 8,854 0 1,112
Guggenheim Strategic Opp Fund COM 40167F101 294 13,385 SH   SOLE 1 13,385 0 0
Hanesbrands Inc COM 410345102 24,227 246,105 SH   SOLE 1 183,105 0 63,000
Harley-Davidson Inc. COM 412822108 13,399 191,825 SH   SOLE 1 132,425 0 59,400
Hartford Financial Svcs Grp COM 416515104 34,209 955,300 SH   SOLE 1 845,800 0 109,500
HCP Inc COM 40414L109 168,033 4,060,719 SH   SOLE 1 770,209 0 3,290,510
Health Care REIT Inc. COM 42217K106 459,761 7,336,227 SH   SOLE 1,2 4,566,301 0 2,769,926
Healthcare Trust of America COM 42225P105 279,852 23,243,534 SH   SOLE 1,2 11,468,269 0 11,775,265
Hersha Hospitality Trust COM 427825104 24,810 3,697,511 SH   SOLE 1 3,697,511 0 0
Hewlett-Packard Co. COM 428236103 66,784 1,982,900 SH   SOLE 1 1,495,100 0 487,800
Highwoods Properties Inc. COM 431284108 45,377 1,081,700 SH   SOLE 1 0 0 1,081,700
Hilton Worldwide Holdings COM 43300A104 246,147 10,564,262 SH   SOLE 1,2 9,491,920 0 1,072,342
Home Depot Inc. COM 437076102 5,910 73,000 SH   SOLE 1 6,900 0 66,100
Home Properties Inc. COM 437306103 558,594 8,733,493 SH   SOLE 1,2 4,524,478 0 4,209,015
Honda Motor Co Ltd - Spons ADR ADR 438128308 38 1,100 SH   SOLE 1 1,100 0 0
Host Hotels & Resorts Inc. COM 44107P104 902,620 41,009,551 SH   SOLE 1,2 16,029,832 0 24,979,719
HSBC Holdings PLC 6.20% (HBC A) PFD 404280604 395 15,600 SH   SOLE 1 15,600 0 0
Hudson Pacific Prop COM 444097109 26,465 1,044,409 SH   SOLE 1 1,044,409 0 0
Huntington Bancshare COM 446150104 19,036 1,995,400 SH   SOLE 1 1,481,600 0 513,800
Huntington Bancshares 8.5% CV (HBANP) PFD 446150401 43,737 32,824 SH   SOLE 1 32,824 0 0
I Shares Gold Trust COM 464285105 6,114 474,700 SH   SOLE 1 474,700 0 0
Ingredion Inc COM 457187102 308 4,100 SH   SOLE 1 4,100 0 0
Inland Real Estate Corp. COM 457461200 1,419 133,491 SH   SOLE 1 133,491 0 0
Intel Corp. COM 458140100 5,933 192,011 SH   SOLE 1 45,000 0 147,011
Invesco Van kampen Municipal Opportunity trust COM 46132C107 2,265 179,788 SH   SOLE 1 179,788 0 0
John Hancock Preferred Income Fund COM 41013W108 249 12,071 SH   SOLE 1 5,500 0 6,571
John Hancock T/A Dividend Income Fund COM 41013V100 15,479 739,566 SH   SOLE 1 722,519 0 17,047
Johnson & Johnson COM 478160104 230 2,200 SH   SOLE 1 0 0 2,200
JP Morgan Chase & Co COM 46625H100 60,169 1,044,244 SH   SOLE 1 876,244 0 168,000
Kansas City Southn COM 485170302 896 8,335 SH   SOLE 1 8,335 0 0
Kayne Anderson Energy Total Return COM 48660P104 8,269 254,973 SH   SOLE 1 254,973 0 0
Kayne Anderson MidstreamEnergy COM 48661E108 4,820 118,915 SH   SOLE 1 118,915 0 0
Kayne Anderson MLP Investment COM 486606106 11,262 285,753 SH   SOLE 1 285,753 0 0
Kilroy Realty Corp. COM 49427F108 516,850 8,298,817 SH   SOLE 1,2 4,032,919 0 4,265,898
Kimco Realty Corp. COM 49446R109 743,119 32,337,647 SH   SOLE 1,2 17,349,488 0 14,988,159
Kinder Morgan Holdco LLC COM 49456B101 10,732 295,982 SH   SOLE 1 295,982 0 0
Kinder Morgan Manage COM 49455U100 62,824 795,945 SH   SOLE 1 795,945 0 0
Knot Offshore Partners LP COM Y48125101 5,154 182,131 SH   SOLE 1 182,131 0 0
L-3 Communications Holdings COM 502424104 157 1,300 SH   SOLE 1 0 0 1,300
La Quinta Holdings Inc. COM 50420D108 116,667 6,095,478 SH   SOLE 1,2 5,595,906 0 499,572
Las Vegas Sands Corp. COM 517834107 22,085 289,750 SH   SOLE 1 214,550 0 75,200
Legg Mason BW Global Income COM 52469B100 3,223 175,638 SH   SOLE 1 153,482 0 22,156
Lexington Corp Pr C CV PFD 529043309 8,974 184,081 SH   SOLE 1 184,081 0 0
Linn Co Llc COM 535782106 105 3,369 SH   SOLE 1 3,369 0 0
LMP Capital And Income Fund COM 50208A102 3,515 198,140 SH   SOLE 1 198,140 0 0
LMP Real Estate Income Fund COM 50208C108 1,423 123,665 SH   SOLE 1 123,665 0 0
Mack-Cali Realty Corp. COM 554489104 177,800 8,277,453 SH   SOLE 1,2 3,775,458 0 4,501,995
Macquarie Global Infr Tot Rt COM 55608D101 1,637 63,636 SH   SOLE 1 63,636 0 0
Magellan Midstream Partners COM 559080106 12,060 143,508 SH   SOLE 1 143,508 0 0
Marathon Petroleum Corp. COM 56585A102 8,158 104,500 SH   SOLE 1 84,800 0 19,700
Market Vectors Oil Service ETF COM 57060U191 6,117 105,900 SH   SOLE 1 105,900 0 0
MarkWest Energy Partners LP COM 570759100 73,504 1,026,883 SH   SOLE 1 1,026,883 0 0
Martin Midstream Partners LP COM 573331105 3,608 87,624 SH   SOLE 1 87,624 0 0
McDonald's Corp. COM 580135101 211 2,097 SH   SOLE 1 0 0 2,097
Memorial Production Partners COM 586048100 6 238 SH   SOLE 1 238 0 0
MFS Multimarket Income Trust COM 552737108 1,304 196,070 SH   SOLE 1 174,356 0 21,714
Microsoft Corp. COM 594918104 24,042 576,550 SH   SOLE 1 354,150 0 222,400
Midcoast Energy Partners LP COM 59564N103 4,053 184,210 SH   SOLE 1 184,210 0 0
Monsanto Co COM 61166W101 10,403 83,400 SH   SOLE 1 38,100 0 45,300
Morgan Stanley COM 617446448 20,174 624,000 SH   SOLE 1 536,000 0 88,000
Mosaic Company COM 61945C103 1,078 21,800 SH   SOLE 1 21,800 0 0
MPLX LP COM 55336V100 29,363 455,233 SH   SOLE 1,2 455,233 0 0
National Retail Properties COM 637417106 192,824 5,184,829 SH   SOLE 1,2 2,271,800 0 2,913,029
NATL WESTMINSTER 7.76% (NW C) PFD 638539882 29,964 1,140,608 SH   SOLE 1 1,134,666 0 5,942
Natural Resource Partners LP COM 63900P103 4,643 280,231 SH   SOLE 1 280,231 0 0
NetApp Inc. COM 64110D104 9,996 273,725 SH   SOLE 1 200,325 0 73,400
New America High Income Fund COM 641876800 1,358 135,276 SH   SOLE 1 117,700 0 17,576
Newmont Mining Corp COM 651639106 237 9,300 SH   SOLE 1 9,300 0 0
NextEra Energy Inc COM 65339F101 136,133 1,328,387 SH   SOLE 1,2 1,256,325 0 72,062
NGL Energy Partners LP COM 62913M107 28,774 663,923 SH   SOLE 1 663,923 0 0
NiSource Inc. COM 65473P105 2,130 54,141 SH   SOLE 1 54,141 0 0
Norfolk Southern Corp. COM 655844108 1,835 17,815 SH   SOLE 1 16,015 0 1,800
NRG Yield Inc. COM 62942X108 286 5,490 SH   SOLE 1 5,490 0 0
Nucor Corp COM 670346105 207 4,200 SH   SOLE 1 4,200 0 0
NuStar Energy LP COM 67058H102 14,706 237,158 SH   SOLE 1 237,158 0 0
NuStar GP Holdings LLC COM 67059L102 6,440 164,672 SH   SOLE 1 164,672 0 0
Nuveen California AMT-Free Municipal Income Fund COM 670651108 2,189 160,615 SH   SOLE 1 160,615 0 0
Nuveen Diversified Commodity COM 67074P104 1,602 98,535 SH   SOLE 1 98,535 0 0
Nuveen Dividend Advantage Municipal Fund 2 COM 67070F100 3,330 239,566 SH   SOLE 1 239,566 0 0
Nuveen Energy MLP Total Return COM 67074U103 6,668 300,099 SH   SOLE 1 300,099 0 0
Nuveen Equity Premium Opportunity Fund COM 6706EM102 2,770 215,586 SH   SOLE 1 215,586 0 0
Nuveen Floating Rate Income Opportunity Fund COM 6706EN100 276 22,227 SH   SOLE 1 12,579 0 9,648
Nuveen Mtg Opportunity COM 670735109 558 22,740 SH   SOLE 1 18,935 0 3,805
Nuveen Mtg Oppty Term F COM 67074R100 898 37,715 SH   SOLE 1 34,500 0 3,215
Nuveen Muni Advantage Fund COM 67062H106 3,946 293,624 SH   SOLE 1 293,624 0 0
Nuveen Muni Mkt Opportunity COM 67062W103 3,397 254,449 SH   SOLE 1 254,449 0 0
Nuveen New York AMT-Free Municipal Income Fund COM 670656107 1,592 121,420 SH   SOLE 1 121,420 0 0
Nuveen Performance Plus Muni COM 67062P108 1,922 131,114 SH   SOLE 1 131,114 0 0
Nuveen Preferred & Income Term Fund COM 67075A106 7,418 315,911 SH   SOLE 1 301,342 0 14,569
Nuveen Preferred Income Opportunities Fund COM 67073B106 15,601 1,608,313 SH   SOLE 1 1,576,808 0 31,505
Nuveen Premier Muni Inc Fd COM 670988104 4,339 318,328 SH   SOLE 1 318,328 0 0
Nuveen Premium Inc Muni Fd 2 COM 67063W102 4,009 289,702 SH   SOLE 1 289,702 0 0
Nuveen Premium Inc Muni Fd 4 COM 6706K4105 2,274 177,202 SH   SOLE 1 177,202 0 0
Nuveen Real Estate Income Fund COM 67071B108 6,405 572,922 SH   SOLE 1 572,922 0 0
Nuveen Select Qualty Muni Fd COM 670973106 1,752 126,420 SH   SOLE 1 126,420 0 0
Nuveen Short Duration Credit COM 67074X107 1,533 83,290 SH   SOLE 1 75,205 0 8,085
Nuveen Tax-Adv Tot Ret Strat COM 67090H102 3,750 249,674 SH   SOLE 1 249,674 0 0
Nuveen Tax-Advantaged Dividend Growth Fund COM 67073G105 3,383 207,534 SH   SOLE 1 207,534 0 0
Nvidia Corp COM 67066G104 22,204 1,197,600 SH   SOLE 1 914,400 0 283,200
Occidental Petroleum Corp. COM 674599105 174 1,700 SH   SOLE 1 0 0 1,700
Oiltanking Partners LP COM 678049107 26,505 280,685 SH   SOLE 1 280,685 0 0
Omega Healthcare Investors COM 681936100 439,164 11,914,392 SH   SOLE 1,2 6,077,600 0 5,836,792
Oneok Inc. COM 682680103 610 8,953 SH   SOLE 1 8,953 0 0
ONEOK Partners LP COM 68268N103 27 466 SH   SOLE 1 466 0 0
Owens Corning COM 690742101 16,487 426,240 SH   SOLE 1 322,040 0 104,200
P G & E Corp. COM 69331C108 48,017 999,939 SH   SOLE 1,2 999,939 0 0
PACCAR Inc. COM 693718108 21,885 348,320 SH   SOLE 1 265,620 0 82,700
Parkway Properties Inc. COM 70159Q104 125,241 6,064,916 SH   SOLE 1,2 4,794,419 0 1,270,497
Pattern Energy Group Inc. COM 70338P100 6,877 207,714 SH   SOLE 1 207,714 0 0
PBF Logistics LP COM 69318Q104 71 2,594 SH   SOLE 1 2,594 0 0
Pebblebrook Hotel Trust COM 70509V100 88,575 2,396,506 SH   SOLE 1 0 0 2,396,506
Pembina Pipeline Corp COM 706327103 295 6,834 SH   SOLE 1 6,834 0 0
Penn Real Estate Investment Trust COM 709102107 9,323 495,380 SH   SOLE 1,2 448,747 0 46,633
Pentair Plc COM G7S00T104 22,954 318,275 SH   SOLE 1 248,575 0 69,700
Pepsico Inc. COM 713448108 750 8,400 SH   SOLE 1 6,500 0 1,900
Perrigo Co Plc COM G97822103 20,764 142,455 SH   SOLE 1 94,067 0 48,388
Petroleo Brasileiro S.A. - ADR ADR 71654V408 135 9,200 SH   SOLE 1 9,200 0 0
Pfizer Inc. COM 717081103 22,122 745,367 SH   SOLE 1 550,784 0 194,583
Philip Morris International COM 718172109 871 10,328 SH   SOLE 1 8,800 0 1,528
Phillips 66 COM 718546104 177 2,200 SH   SOLE 1 2,200 0 0
Physicians Realty Trust COM 71943U104 10,413 723,660 SH   SOLE 1 649,421 0 74,239
Piedmont Office Realty Tru-A COM 720190206 367 19,386 SH   SOLE 1 19,386 0 0
Pilgrims Pride Corp New COM 72147K108 525 19,200 SH   SOLE 1 19,200 0 0
PIMCO Corporate Opportunity COM 72201B101 8,651 458,963 SH   SOLE 1 445,964 0 12,999
Pimco Dynamic Credit Income COM 72202D106 15,880 666,652 SH   SOLE 1 648,155 0 18,497
Pimco Dynamic Income Fund COM 72201Y101 16,694 489,707 SH   SOLE 1 476,129 0 13,578
PIMCO Income Opportunity Fund COM 72202B100 15,423 527,091 SH   SOLE 1 513,450 0 13,641
PIMCO Income Strategy Fund II COM 72201J104 12,212 1,104,191 SH   SOLE 1 1,068,113 0 36,078
Pimco Municipal Income Fund II COM 72200W106 6,172 516,476 SH   SOLE 1 516,476 0 0
Pinnacle Foods Inc Del COM 72348P104 128 3,900 SH   SOLE 1 3,900 0 0
Pioneer Diversified High Income COM 723653101 1,984 93,847 SH   SOLE 1 88,220 0 5,627
Pioneer Floating Rate Trust COM 72369J102 1,586 127,218 SH   SOLE 1 114,629 0 12,589
Plains All American Pipeline LP COM 726503105 54 902 SH   SOLE 1 902 0 0
Plains GP Holdings LP COM 72651A108 55,948 1,748,907 SH   SOLE 1,2 1,748,907 0 0
Post Properties Inc. COM 737464107 53,688 1,004,268 SH   SOLE 1,2 759,088 0 245,180
Potash Corp of Saskatchewan COM 73755L107 6,195 162,600 SH   SOLE 1 54,300 0 108,300
Potash Corp of Saskatchewan - US COM 73755L107 18,346 483,300 SH   SOLE 1 483,300 0 0
PPL Corp. COM 69351T106 18,171 511,420 SH   SOLE 1,2 511,420 0 0
Procter & Gamble Co. COM 742718109 629 8,000 SH   SOLE 1 6,900 0 1,100
ProLogis Inc. COM 74340W103 1,550,434 37,732,631 SH   SOLE 1,2 19,974,599 0 17,758,032
Prudential Finl Inc COM 744320102 34,026 383,300 SH   SOLE 1 319,900 0 63,400
PS Business Parks Inc. COM 69360J107 12,922 154,770 SH   SOLE 1 154,770 0 0
Public Storage COM 74460D109 1,362,042 7,948,889 SH   SOLE 1,2 4,156,950 0 3,791,939
Putnam Premier Income Trust COM 746853100 1,929 347,600 SH   SOLE 1 347,600 0 0
QEP Midstream Partners LP COM 74735R115 10 403 SH   SOLE 1 403 0 0
QTS Realty Trust Inc. Cl-A COM 74736A103 67,138 2,345,027 SH   SOLE 1,2 2,116,613 0 228,414
Qualcomm Inc. COM 747525103 2,669 33,700 SH   SOLE 1 0 0 33,700
Ramco-Gershenson Properties COM 751452202 155,702 9,368,361 SH   SOLE 1,2 7,834,013 0 1,534,348
Realty Income Corp. COM 756109104 69,355 1,561,346 SH   SOLE 1,2 445,556 0 1,115,790
Reaves Utility Income Fund COM 756158101 2,948 98,391 SH   SOLE 1 98,391 0 0
Regency Centers Corp. COM 758849103 730,701 13,123,228 SH   SOLE 1,2 7,099,044 0 6,024,184
Regency Energy Partners Lp COM 75885Y107 9,366 290,793 SH   SOLE 1 290,793 0 0
Republic Services Inc. COM 760759100 186 4,900 SH   SOLE 1 0 0 4,900
Retail Properties of America COM 76131V202 259,733 16,887,731 SH   SOLE 1,2 7,699,695 0 9,188,036
Rexford Industrial Realty Inc COM 76169C100 16,985 1,192,749 SH   SOLE 1 951,342 0 241,407
RLJ Lodging Trust COM 74965L101 132,193 4,575,742 SH   SOLE 1 0 0 4,575,742
Rogers Communications Inc COM 775109200 1,080 26,800 SH   SOLE 1 24,000 0 2,800
Rose Rock Midstream LP COM 777149105 21,314 390,083 SH   SOLE 1 390,083 0 0
Ross Stores Inc COM 778296103 16,023 242,300 SH   SOLE 1 161,800 0 80,500
Royal Bank of Scotland Pr.H PFD 780097879 57 2,262 SH   SOLE 1 200 0 2,062
Royce Globe Value Trust - W/I COM 78081T104 1,679 178,471 SH   SOLE 1 178,471 0 0
Royce Value Trust COM 780910105 4,324 270,251 SH   SOLE 1 270,251 0 0
Sandisk Corp COM 80004C101 17,086 163,608 SH   SOLE 1 106,008 0 57,600
SBA Communications Corp. Cl A COM 78388J106 85,810 838,811 SH   SOLE 1,2 838,811 0 0
Schlumberger Ltd. COM 806857108 2,536 21,498 SH   SOLE 1 9,198 0 12,300
Seadrill Partners LLC COM Y7545W109 28,337 854,560 SH   SOLE 1,2 854,560 0 0
Semgroup Corp COM 81663A105 44,481 564,122 SH   SOLE 1,2 564,122 0 0
Sempra Energy COM 816851109 86,152 822,771 SH   SOLE 1,2 822,771 0 0
Simon Property Group Inc. COM 828806109 3,435,456 20,660,666 SH   SOLE 1,2 11,312,064 0 9,348,602
SL Green Realty Corp. COM 78440X101 1,199,771 10,965,822 SH   SOLE 1,2 6,239,825 0 4,725,997
SM Energy Co COM 78454L100 479 5,700 SH   SOLE 1 5,700 0 0
Southcross Energy Partners L COM 84130C100 8,622 374,889 SH   SOLE 1 374,889 0 0
Southern Co COM 842587107 37,171 819,111 SH   SOLE 1,2 819,111 0 0
Southern Copper Corp COM 84265V105 355 11,700 SH   SOLE 1 11,700 0 0
Sovran Self Storage Inc. COM 84610H108 215,319 2,787,300 SH   SOLE 1,2 2,489,242 0 298,058
SPDR Trust Series 1 COM 78462F103 7,111 36,335 SH   SOLE 1 36,335 0 0
Spectra Energy Corp. COM 847560109 25,602 602,683 SH   SOLE 1 602,683 0 0
Spectra Energy Partners LP COM 84756N109 7,467 139,957 SH   SOLE 1 139,957 0 0
Spirit Realty Capital COM 84860W102 90,208 7,940,861 SH   SOLE 1 7,907,383 0 33,478
Sprague Resources COM 849343108 9,548 375,000 SH   SOLE 1 375,000 0 0
Sprott Physical Gold Tr COM 85207H104 884 80,300 SH   SOLE 1 80,300 0 0
Spx Corp COM 784635104 26,692 246,669 SH   SOLE 1 184,029 0 62,640
STAG Industrial COM 85254J102 54,312 2,262,068 SH   SOLE 1 2,091,755 0 170,313
Starbucks Corp COM 855244109 8,953 115,700 SH   SOLE 1 26,300 0 89,400
Stillwater Mng Co COM 86074Q102 316 18,000 SH   SOLE 1 18,000 0 0
Stone Harbor Emerging Market COM 86164T107 1,878 89,078 SH   SOLE 1 80,700 0 8,378
Strategic Hotels & Resorts I COM 86272T106 402,727 34,391,737 SH   SOLE 1,2 24,091,540 0 10,300,197
Suburban Propane Partners LP COM 864482104 7,465 162,288 SH   SOLE 1 162,288 0 0
Summit Hotel Properties COM 866082100 16,941 1,598,183 SH   SOLE 1 1,224,327 0 373,856
Summit Midstream Partners Lp COM 866142102 19,544 384,353 SH   SOLE 1,2 384,353 0 0
Sun Communities Inc. COM 866674104 30,893 619,839 SH   SOLE 1 406,148 0 213,691
Suncor Energy Inc COM 867224107 713 16,700 SH   SOLE 1 9,300 0 7,400
Sunoco Logistics Partners LP COM 86764L108 35 748 SH   SOLE 1 748 0 0
Sunstone Hotel Investors Inc. COM 867892101 463,269 31,029,389 SH   SOLE 1,2 21,382,564 0 9,646,825
Sunstone Hotel Pr. D PFD 867892507 18,048 681,945 SH   SOLE 1 529,870 0 152,075
Tallgrass Energy Partners LP COM 874697105 22,954 591,601 SH   SOLE 1,2 591,601 0 0
Tanger Factory Outlet Center COM 875465106 109,388 3,128,059 SH   SOLE 1,2 2,834,231 0 293,828
Targa Resources Corp COM 87612G101 2,343 16,787 SH   SOLE 1 16,787 0 0
Targa Resources Partners Lp COM 87611X105 11,691 162,555 SH   SOLE 1 162,555 0 0
Taubman Centers Inc. COM 876664103 439,277 5,794,441 SH   SOLE 1,2 2,984,467 0 2,809,974
TE Connectivity LTD COM H84989104 11,911 192,614 SH   SOLE 1 151,114 0 41,500
Teekay Corp. COM Y8564W103 53,554 860,310 SH   SOLE 1,2 860,310 0 0
Teekay Offshore Partners Lp COM Y8565J101 28,082 777,896 SH   SOLE 1 777,896 0 0
Templeton Global Income Fund COM 880198106 442 53,533 SH   SOLE 1 47,527 0 6,006
Tesoro Logistics LP COM 88160T107 240 3,276 SH   SOLE 1 3,276 0 0
The Macerich Co. COM 554382101 450,044 6,742,238 SH   SOLE 1 1,658,348 0 5,083,890
Thermo Fisher Scientific Inc. COM 883556102 33,778 286,258 SH   SOLE 1 217,767 0 68,491
Time Warner Cable In COM 88732J207 88 600 SH   SOLE 1 0 0 600
Toll Brothers Inc COM 889478103 62,407 1,691,235 SH   SOLE 1,2 1,554,713 0 136,522
Toronto-Dominion Bank COM 891160509 1,321 25,700 SH   SOLE 1 25,700 0 0
Tri Pointe Homes LLC COM 87265H109 173 11,000 SH   SOLE 1 11,000 0 0
Triumph Group Inc Ne COM 896818101 19,171 274,575 SH   SOLE 1 214,675 0 59,900
Tyson Foods Inc COM 902494103 49,720 1,324,450 SH   SOLE 1 985,850 0 338,600
UDR Inc. COM 902653104 930,502 32,500,934 SH   SOLE 1,2 18,183,359 0 14,317,575
UMH Properties 8.25% (UMH.PRA) PFD 903002202 4,230 160,000 SH   SOLE 1 50,000 0 110,000
Union Pacific Corp. COM 907818108 7,696 77,152 SH   SOLE 1 77,152 0 0
United Parcel Service Cl B COM 911312106 688 6,700 SH   SOLE 1 5,800 0 900
United Technologies Corp. COM 913017109 6,277 54,373 SH   SOLE 1 10,973 0 43,400
Universal Health Services COM 913903100 49,209 513,875 SH   SOLE 1 383,275 0 130,600
USA Compression Partners LP COM 90290N109 19,669 765,936 SH   SOLE 1 765,936 0 0
Vale S.A. ADR ADR 91912E105 538 40,700 SH   SOLE 1 40,700 0 0
Valero Energy Partners COM 91914J102 14,341 285,055 SH   SOLE 1,2 285,055 0 0
Vantiv Inc COM 92210H105 4,229 125,800 SH   SOLE 1 55,700 0 70,100
Ventas Inc. COM 92276F100 1,272,663 19,854,336 SH   SOLE 1,2 10,717,541 0 9,136,795
VF Corp. COM 918204108 12,101 192,075 SH   SOLE 1 149,875 0 42,200
Visa Inc.-Class A Shares COM 92826C839 2,529 12,000 SH   SOLE 1 0 0 12,000
Vornado Realty Trust COM 929042109 1,346,538 12,616,307 SH   SOLE 1,2 5,938,915 0 6,677,392
Wal-Mart Stores Inc. COM 931142103 3,941 52,500 SH   SOLE 1 0 0 52,500
Walt Disney Co. COM 254687106 67,640 788,900 SH   SOLE 1 597,100 0 191,800
Washington Prime Group Inc COM 939647103 139,006 7,417,595 SH   SOLE 1,2 4,169,010 0 3,248,585
Weingarten Realty Investors COM 948741103 566,973 17,264,711 SH   SOLE 1,2 9,868,759 0 7,395,952
Wells Fargo & Co. COM 949746101 52,114 991,509 SH   SOLE 1 879,083 0 112,426
Wells Fargo Advantage Income Opportunities Fund COM 94987B105 1,892 197,938 SH   SOLE 1 173,800 0 24,138
Wells Fargo Advantage Multi-sector COM 94987D101 2,433 163,268 SH   SOLE 1 148,600 0 14,668
Wells Fargo Co 7.5% (WFC L) PFD 949746804 121 100 SH   SOLE 1 100 0 0
Westar Energy Inc. COM 95709T100 99 2,600 SH   SOLE 1 0 0 2,600
Western Asset Global Cp COM 95790C107 1,510 80,815 SH   SOLE 1 71,806 0 9,009
Western Asset Global High In COM 95766B109 1,395 108,527 SH   SOLE 1 96,400 0 12,127
Western Asset High Yield Defined Opportunity COM 95768B107 1,575 87,912 SH   SOLE 1 75,800 0 12,112
Western Asset Municipal Part COM 95766P108 217 14,753 SH   SOLE 1 14,753 0 0
Western Asset Premier Bond COM 957664105 874 58,561 SH   SOLE 1 58,561 0 0
Western Digital Corp COM 958102105 16,720 181,150 SH   SOLE 1 137,050 0 44,100
Western Gas Equity Partners COM 95825R103 311 4,962 SH   SOLE 1 4,962 0 0
Western Gas Partners LP COM 958254104 12 158 SH   SOLE 1 158 0 0
Weyerhaeuser Co COM 962166104 13,314 402,369 SH   SOLE 1 402,369 0 0
Williams Cos Inc. COM 969457100 96,440 1,656,757 SH   SOLE 1,2 1,656,757 0 0
Williams Partners LP COM 96950F104 33,602 618,941 SH   SOLE 1 618,941 0 0
Wisconsin Energy Corp. COM 976657106 849 18,094 SH   SOLE 1 18,094 0 0
WW Grainger Inc COM 384802104 6,153 24,200 SH   SOLE 1 4,400 0 19,800
YAHOO! Inc. COM 984332106 10,407 296,250 SH   SOLE 1 221,350 0 74,900
Zimmer Holdings Inc. COM 98956P102 23,551 226,760 SH   SOLE 1 176,260 0 50,500