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
8POINT3 Energy Partners LP COM 282539105 11,350 788,200 SH   SOLE 1,2 761,300 0 26,900
Abbott Laboratories COM 002824100 9,177 217,000 SH   SOLE 1 74,700 0 142,300
Accenture PLC COM G1151C101 12,835 105,057 SH   SOLE 1 9,257 0 95,800
AdvancePierre Foods Holdings Inc COM 00782L107 2,147 77,887 SH   SOLE 1 77,887 0 0
AGIC Convertible & Income FD II COM 018825109 13,359 2,252,757 SH   SOLE 1 2,202,140 0 50,617
AGIC Convertible & Income Fund COM 018828103 11,414 1,690,994 SH   SOLE 1 1,653,433 0 37,561
Agree Realty Corp. COM 008492100 2,036 41,190 SH   SOLE 1 41,190 0 0
Agrium Inc COM 008916108 2,449 27,000 SH   SOLE 1 27,000 0 0
Air Products and Chemicals Inc. COM 009158106 135 900 SH   SOLE 1 0 0 900
Alexandria Real Estate Equities COM 015271109 851,327 7,826,858 SH   SOLE 1,2 4,286,040 0 3,540,818
Allegion plc COM G0176J109 2,959 42,941 SH   SOLE 1 42,941 0 0
AllianceBernstein Global High Income Fund COM 01879R106 4,241 336,326 SH   SOLE 1 319,864 0 16,462
Alliant Energy Corporation COM 018802108 60,799 1,587,022 SH   SOLE 1,2 1,328,056 0 258,966
Alphabet Inc CL A COM 02079K305 31,226 38,836 SH   SOLE 1 14,146 0 24,690
Altria Group Inc. COM 02209S103 25,240 399,171 SH   SOLE 1 140,680 0 258,491
American Assets Trust Inc. COM 024013104 28,885 665,854 SH   SOLE 1 665,854 0 0
American Campus Communities COM 024835100 544,063 10,695,159 SH   SOLE 1 6,222,370 0 4,472,789
American Homes 4 Rent-CL COM 02665T306 470,983 21,764,467 SH   SOLE 1,2 11,675,721 0 10,088,746
American Midstream Partners COM 02752P100 4,521 306,081 SH   SOLE 1 306,081 0 0
American Tower Corporation COM 03027X100 306,868 2,707,735 SH   SOLE 1,2 2,518,860 0 188,875
American Water Works Company Inc. COM 030420103 78,894 1,054,169 SH   SOLE 1,2 1,020,539 0 33,630
Ameriprise Financial Inc. COM 03076C106 11,174 112,000 SH   SOLE 1 50,400 0 61,600
Amgen Inc. COM 031162100 11,338 67,970 SH   SOLE 1 13,570 0 54,400
Anadarko Petroleum Corporation COM 032511107 32,654 515,372 SH   SOLE 1 279,472 0 235,900
Analog Devices Inc. COM 032654105 213 3,300 SH   SOLE 1 0 0 3,300
Antero Midstream Partners LP COM 03673L103 12,348 462,468 SH   SOLE 1 462,468 0 0
Antero Resources Corporation COM 03674X106 854 31,700 SH   SOLE 1 31,700 0 0
Anthem Inc. COM 036752103 125 1,000 SH   SOLE 1 0 0 1,000
Apache Corporation COM 037411105 2,478 38,800 SH   SOLE 1 38,800 0 0
Apartment Investment & Management Co. COM 03748R101 974,806 21,232,986 SH   SOLE 1,2 13,944,282 0 7,288,704
Apartment Invt & Mgmt Co 6.875 % Pfd A PFD 03748R762 18,764 670,370 SH   SOLE 1 467,456 0 202,914
APPLE Inc. COM 037833100 34,474 304,943 SH   SOLE 1 112,843 0 192,100
Arc Logistics Partners LP COM 03879N101 4,458 296,193 SH   SOLE 1 296,193 0 0
Archer-Daniels-Midland Company COM 039483102 3,249 77,057 SH   SOLE 1 77,057 0 0
Ares Dynamic Credit Allocation COM 04014F102 4,408 296,831 SH   SOLE 1 296,831 0 0
Assurant Inc. COM 04621X108 4,917 53,300 SH   SOLE 1 53,300 0 0
AT&T Inc. COM 00206R102 30,623 754,075 SH   SOLE 1 529,814 0 224,261
Atmos Energy Corp. COM 049560105 102,941 1,382,319 SH   SOLE 1,2 1,363,316 0 19,003
AvalonBay Communities Inc. COM 053484101 265,466 1,492,721 SH   SOLE 1,2 1,315,092 0 177,629
Baker Hughes Incorporated COM 057224107 20,600 408,166 SH   SOLE 1 225,666 0 182,500
Bank of America 7.25% CV Pfd. L PFD 060505682 50,299 41,200 SH   SOLE 1 41,200 0 0
Bank of America Corporation COM 060505104 16,142 1,031,449 SH   SOLE 1 539,299 0 492,150
Barclays Bank 8.25% CORP BOND 06738EAA3 72,105 71,925,000 SH   SOLE 1 71,925,000 0 0
Barclays Bank PLC Pfd. A PFD 06739H776 30,209 1,173,179 SH   SOLE 1 1,159,966 0 0
Barclays Bank PLC Pfd. D PFD 06739H362 35,790 1,374,963 SH   SOLE 1 1,342,541 0 1,150
Barrick Gold Corp. COM 067901108 1,976 111,526 SH   SOLE 1 111,526 0 0
Belmond Ltd COM G1154H107 22,459 1,767,025 SH   SOLE 1 1,633,615 0 133,410
Blackrock Build America Bond COM 09248X100 113 4,710 SH   SOLE 1 0 0 4,710
Blackrock Corporate High Yield Fund 6 COM 09255P107 198 18,335 SH   SOLE 1 0 0 18,335
Blackrock Debt Strategies Fund COM 09255R103 304 83,300 SH   SOLE 1 83,300 0 0
Blackrock Enh Cap And Inc COM 09256A109 4,932 357,902 SH   SOLE 1 357,902 0 0
Blackrock Glbl Flt Rt Inc Tr COM 091941104 808 59,799 SH   SOLE 1 59,799 0 0
Blackrock Inc. COM 09247X101 11,682 32,231 SH   SOLE 1 15,612 0 16,619
Blackrock Limited Duration Income Trust COM 09249W101 2,018 130,016 SH   SOLE 1 122,596 0 7,420
Blackrock Muniholdings Insur COM 09254P108 168 10,524 SH   SOLE 1 10,524 0 0
Boardwalk Pipeline Partners LP COM 096627104 12 720 SH   SOLE 1 720 0 0
Boston Properties Inc. COM 101121101 29,418 215,850 SH   SOLE 1 215,850 0 0
BP PLC-Sponsored ADR ADR 055622104 4,890 139,072 SH   SOLE 1 139,072 0 0
BRF - Brasil Foods SA ADR ADR 10552T107 3,680 215,700 SH   SOLE 1 215,700 0 0
Bristol-Myers Squibb Company COM 110122108 8,287 153,696 SH   SOLE 1 61,096 0 92,600
Brixmor Property Group COM 11120U105 1,228,111 44,192,536 SH   SOLE 1,2 23,873,576 0 20,318,960
Broadcom Ltd COM Y09827109 17,543 101,686 SH   SOLE 1 47,186 0 54,500
Brookdale Senior Living Inc. COM 112463104 112,715 6,459,339 SH   SOLE 1 5,845,491 0 613,848
Buckeye Partners LP COM 118230101 68,531 957,141 SH   SOLE 1,2 933,283 0 23,858
Bunge Limited COM G16962105 2,568 43,350 SH   SOLE 1 43,350 0 0
Cadence Design Systems Inc. COM 127387108 12,083 473,300 SH   SOLE 1 204,000 0 269,300
Calamos Convertible & High Income Fund COM 12811P108 3,446 313,011 SH   SOLE 1 293,700 0 19,311
Calamos Strat Tot Return Fd COM 128125101 1,795 174,606 SH   SOLE 1 174,606 0 0
Camden Property Trust COM 133131102 580,814 6,935,921 SH   SOLE 1 2,378,812 0 4,557,109
Canadian National Railway COM 136375102 26,357 403,914 SH   SOLE 1 403,914 0 0
Canadian Pacific Railway Ltd COM 13645T100 41,808 274,467 SH   SOLE 1,2 267,766 0 6,701
Cardinal Health Inc. COM 14149Y108 7,879 101,400 SH   SOLE 1 0 0 101,400
Caretrust REIT Inc COM 14174T107 4,564 308,792 SH   SOLE 1 308,792 0 0
CBRE Clarion Global Real Estate Income Fund COM 12504G100 1,624 193,362 SH   SOLE 1 193,362 0 0
CF Industries Holdings Inc. COM 125269100 1,361 55,910 SH   SOLE 1 55,910 0 0
Cheniere Energy Inc. COM 16411R208 65,498 1,502,253 SH   SOLE 1,2 1,403,746 0 98,507
Cheniere Energy Partners LP COM 16411Q101 8,924 304,985 SH   SOLE 1 304,985 0 0
Cheniere Energy Partners LP LLC COM 16411W108 1,066 46,884 SH   SOLE 1 46,884 0 0
Chevron Corporation COM 166764100 1,822 17,700 SH   SOLE 1 16,100 0 1,600
Chubb Ltd COM H1467J104 25,449 202,537 SH   SOLE 1 103,937 0 98,600
Cigna Corporation COM 125509109 10,111 77,584 SH   SOLE 1 41,784 0 35,800
Cisco Systems Inc. COM 17275R102 15,717 495,500 SH   SOLE 1 204,300 0 291,200
Clearbridge Energy Mlp COM 184692101 1,286 78,989 SH   SOLE 1 78,989 0 0
Clearbridge Energy MLP Opport COM 18469P100 1,094 82,257 SH   SOLE 1 82,257 0 0
Clough Global Opportunities Fund COM 18914E106 4,399 454,917 SH   SOLE 1 446,160 0 8,757
CMS Energy Corporation COM 125896100 110,503 2,630,389 SH   SOLE 1,2 2,565,371 0 65,018
Colony Capital 7.125% (CLNY C) PFD 19624R403 9,349 377,294 SH   SOLE 1 377,294 0 0
Colony Starwood Homes COM 19625X102 98,102 3,418,172 SH   SOLE 1,2 2,901,381 0 516,791
Columbia Selig Prem Tech Equity COM 19842X109 1,760 94,631 SH   SOLE 1 94,631 0 0
Comerica Incorporated COM 200340107 2,919 61,696 SH   SOLE 1 61,696 0 0
Cone Midstream Partners LP COM 206812109 4,140 228,750 SH   SOLE 1 228,750 0 0
Conocophillips COM 20825C104 70 1,600 SH   SOLE 1 0 0 1,600
Consumer Discretionary Selt COM 81369Y407 5,573 69,632 SH   SOLE 1 69,632 0 0
Coty Inc. COM 222070203 12,822 545,600 SH   SOLE 1 285,800 0 259,800
Cousins Properties Inc. COM 222795106 171,897 16,465,206 SH   SOLE 1,2 7,167,281 0 9,297,925
Crestwood Equity Partners LP COM 226344208 4,745 223,296 SH   SOLE 1 223,296 0 0
Crown Castle International Corp. COM 22822V101 432,493 4,590,738 SH   SOLE 1,2 1,859,800 0 2,730,938
CSX Corporation COM 126408103 77,605 2,544,434 SH   SOLE 1,2 2,172,294 0 372,140
CubeSmart COM 229663109 294,769 10,813,254 SH   SOLE 1 9,968,945 0 844,309
CVS Health Corporation COM 126650100 20,944 235,353 SH   SOLE 1 98,969 0 136,384
CyrusOne Inc COM 23283R100 32,737 688,177 SH   SOLE 1 688,177 0 0
D.R. Horton Inc. COM 23331A109 8,987 297,598 SH   SOLE 1 104,200 0 193,398
DCP Midstream Partners LP COM 23311P100 4,476 126,691 SH   SOLE 1 126,691 0 0
DDR Corp. COM 23317H102 540,887 31,031,940 SH   SOLE 1 14,846,341 0 16,185,599
Delphi Automotive PLC COM G27823106 3,238 45,400 SH   SOLE 1 0 0 45,400
Digital Realty Trust Inc. COM 253868103 1,060,363 10,918,072 SH   SOLE 1,2 5,015,222 0 5,902,850
Discover Financial Services COM 254709108 5,180 91,600 SH   SOLE 1 89,100 0 2,500
Dominion Midstream Partners COM 257454108 182 7,600 SH   SOLE 1 7,600 0 0
Dominion Resources Inc. COM 25746U109 26,271 353,726 SH   SOLE 1,2 325,896 0 27,830
Doubleline Income Solutions COM 258622109 6,407 334,572 SH   SOLE 1 315,780 0 18,792
Douglas Emmett Inc. COM 25960P109 522,530 14,265,084 SH   SOLE 1,2 9,855,645 0 4,409,439
Dte Energy Company COM 233331107 35,654 380,633 SH   SOLE 1,2 380,633 0 0
Dupont Fabros Technology Inc. COM 26613Q106 381,216 9,241,605 SH   SOLE 1,2 8,255,354 0 986,251
Dynagas LNG Partners LP COM Y2188B108 1,843 119,066 SH   SOLE 1 119,066 0 0
Eaton Corporation plc COM G29183103 8,003 121,800 SH   SOLE 1 28,200 0 93,600
Eaton Vance Enh Eqt Inc Ii COM 278277108 888 64,524 SH   SOLE 1 64,524 0 0
Eaton Vance Floating Rate Income Trust COM 278279104 1,351 95,174 SH   SOLE 1 95,174 0 0
Eaton Vance Insured Muni Bnd COM 27827X101 160 11,739 SH   SOLE 1 11,739 0 0
Eaton Vance Limited Duration Fund COM 27828H105 5,678 414,179 SH   SOLE 1 397,626 0 16,553
Eaton Vance Senior Income Trust COM 27826S103 2,936 455,894 SH   SOLE 1 455,894 0 0
Eaton Vance Sr Fltg Rate Trust COM 27828Q105 3,594 254,342 SH   SOLE 1 249,376 0 4,966
Eaton Vance T/A Global Dividend Income COM 27828S101 6,227 417,918 SH   SOLE 1 417,918 0 0
Eaton Vance T/M Buy-Write Opportunity COM 27828Y108 13,919 922,410 SH   SOLE 1 922,410 0 0
Eaton Vance Tax Adv Global Dividend O COM 27828U106 5,050 233,048 SH   SOLE 1 233,048 0 0
Eaton Vance Tax Man Global Br COM 27829C105 5,994 544,415 SH   SOLE 1 544,415 0 0
Eaton Vance Tax-Adv Dvd. Inc. Fund COM 27828G107 18,692 927,627 SH   SOLE 1 903,466 0 24,161
Eaton Vance Tax-Managed Dividend COM 27828N102 15,002 1,400,763 SH   SOLE 1 1,366,426 0 34,337
Eaton Vance Tax-Managed Global COM 27829F108 15,860 1,827,185 SH   SOLE 1 1,827,185 0 0
Edison International COM 281020107 116,248 1,608,963 SH   SOLE 1,2 1,541,372 0 67,591
Education Realty Trust Inc. COM 28140H203 461,304 10,693,194 SH   SOLE 1,2 6,233,831 0 4,459,363
Empire State Realty Trust COM 292104106 325,365 15,530,554 SH   SOLE 1,2 9,160,054 0 6,370,500
Enable Midstream Partners LP COM 292480100 4,949 324,496 SH   SOLE 1 324,496 0 0
Enbridge Energy Mgmt LLC COM 29250X103 12,997 510,875 SH   SOLE 1 510,875 0 0
Enbridge Energy Partners LP COM 29250R106 13,625 535,792 SH   SOLE 1 535,792 0 0
Enbridge Inc. COM 29250N105 58,593 1,335,512 SH   SOLE 1,2 1,211,496 0 124,016
Energy Transfer Equity Lp COM 29273V100 2,992 178,224 SH   SOLE 1 178,224 0 0
Energy Transfer Partners LP COM 29273R109 42,835 1,157,694 SH   SOLE 1 1,157,694 0 0
EnLink Midstream Partners LP COM 29336U107 5,574 314,716 SH   SOLE 1 314,716 0 0
Enterprise Products Partners COM 293792107 48,676 1,761,710 SH   SOLE 1 1,761,710 0 0
Entertainment Properties Trust Pfd. E PFD 26884U307 12,616 339,404 SH   SOLE 1 251,000 0 88,404
EOG Resources Inc. COM 26875P101 3,433 35,500 SH   SOLE 1 35,500 0 0
EQT Corporation COM 26884L109 578 7,953 SH   SOLE 1 7,953 0 0
EQT Midstream Partners LP COM 26885B100 614 8,065 SH   SOLE 1 8,065 0 0
Equifax Inc. COM 294429105 11,021 81,890 SH   SOLE 1 36,990 0 44,900
Equinix Inc. COM 29444U700 1,369,998 3,802,909 SH   SOLE 1 1,600,058 0 2,202,851
Equity Commonwealth COM 294628102 164,302 5,436,873 SH   SOLE 1 4,960,261 0 476,612
Equity Commonwealth Pfd. D PFD 294628201 16,261 600,259 SH   SOLE 1 417,582 0 182,677
Equity Lifestyle Properties COM 29472R108 240,111 3,111,046 SH   SOLE 1,2 564,221 0 2,546,825
Equity Residential COM 29476L107 703,776 10,940,090 SH   SOLE 1,2 4,018,694 0 6,921,396
Essex Property Trust Inc. COM 297178105 1,069,504 4,802,443 SH   SOLE 1,2 2,584,061 0 2,218,382
Expedia Inc. COM 30212P303 9,504 81,424 SH   SOLE 1 0 0 81,424
Extended Stay America Inc. COM 30224P200 82,096 5,781,406 SH   SOLE 1 5,047,567 0 733,839
Exterran Partners LP COM 03957U100 1,295 88,000 SH   SOLE 1 88,000 0 0
Extra Space Storage Inc. COM 30225T102 626,285 7,886,730 SH   SOLE 1,2 3,654,274 0 4,232,456
Exxon Mobil Corporation COM 30231G102 12,789 146,529 SH   SOLE 1 98,047 0 48,482
Federal Realty Investment Trust COM 313747206 63,775 414,314 SH   SOLE 1 24,844 0 389,470
FedEx Corporation COM 31428X106 33,482 191,675 SH   SOLE 1 84,475 0 107,200
Fiduciary/Claymore MLP Oppor COM 31647Q106 1,656 104,969 SH   SOLE 1 104,969 0 0
Fifth Third Bancorp COM 316773100 15,659 765,364 SH   SOLE 1 410,664 0 354,700
Financial Select Sector SPDR COM 81369Y605 5,186 268,720 SH   SOLE 1 268,720 0 0
First Trust Aberdeen Global Fund COM 337319107 1,919 162,942 SH   SOLE 1 147,800 0 15,142
First Trust Energy Income and Growth Fund COM 33738G104 14,238 525,592 SH   SOLE 1 523,421 0 2,171
First Trust MLP and Energy Inc COM 33739B104 1,379 83,296 SH   SOLE 1 83,296 0 0
First Trust New Opportunites MLP COM 33739M100 3,144 230,146 SH   SOLE 1 230,146 0 0
First Trust/Four Crns Sr F 2 COM 33733U108 1,454 106,340 SH   SOLE 1 106,340 0 0
Flah & Crum/Claymore Preferred S I COM 338478100 201 9,659 SH   SOLE 1 0 0 9,659
Flah & Crum/Claymore Total Return Fund COM 338479108 1,423 67,940 SH   SOLE 1 59,681 0 8,259
Flaherty & Crumrine Dynamic COM 33848W106 483 19,207 SH   SOLE 1 0 0 19,207
Ford Motor Company COM 345370860 10,780 893,100 SH   SOLE 1 402,500 0 490,600
Four Corners Property Trust COM 35086T109 57,771 2,708,432 SH   SOLE 1,2 2,030,145 0 678,287
Franklin Limited Duration Income Trust COM 35472T101 1,420 117,424 SH   SOLE 1 109,200 0 8,224
Gabelli Dividend & Income Trust COM 36242H104 20,515 1,067,929 SH   SOLE 1 1,049,824 0 18,105
Gabelli Equity Trust COM 362397101 14,151 2,508,966 SH   SOLE 1 2,477,950 0 31,016
Gabelli Global Healthcare & WellnessRx Trust COM 36246K103 2,397 230,003 SH   SOLE 1 230,003 0 0
Gaming and Leisure Prop COM 36467J108 304,751 9,110,651 SH   SOLE 1,2 8,402,524 0 708,127
GasLog Ltd. COM G37585109 750 51,578 SH   SOLE 1 51,578 0 0
General Dynamics Corporation COM 369550108 9,179 59,158 SH   SOLE 1 57,358 0 1,800
General Electric Company COM 369604103 12,526 422,897 SH   SOLE 1 145,500 0 277,397
General Growth Properties Inc. COM 370023103 524,136 18,990,448 SH   SOLE 1 6,451,700 0 12,538,748
Genesis Energy LP COM 371927104 17,952 472,785 SH   SOLE 1 472,785 0 0
Golar LNG Partners LP COM Y2745C102 8,508 433,438 SH   SOLE 1 433,438 0 0
Goldcorp Inc COM 380956409 5,183 313,745 SH   SOLE 1 313,745 0 0
GoldCorp. Inc. COM 380956409 937 56,900 SH   SOLE 1 56,900 0 0
Gramercy Property Trust COM 385002100 129,760 13,460,606 SH   SOLE 1 13,097,545 0 363,061
Grupo Aeroportuario PAC - ADR ADR 400506101 7,417 78,098 SH   SOLE 1,2 41,544 0 36,554
Guggenheim Build America COM 401664107 104 4,487 SH   SOLE 1 0 0 4,487
Guggenheim Strategic Opp Fund COM 40167F101 2,047 107,134 SH   SOLE 1 107,134 0 0
Hanesbrands Inc. COM 410345102 8,328 329,835 SH   SOLE 1 149,769 0 180,066
HCP Inc. COM 40414L109 1,569,643 41,360,821 SH   SOLE 1,2 22,457,922 0 18,902,899
Healthcare Trust of America COM 42225P501 582,251 17,849,520 SH   SOLE 1 10,190,755 0 7,658,765
Highwoods Properties Inc. COM 431284108 131,419 2,521,461 SH   SOLE 1 0 0 2,521,461
Hilton Worldwide Holdings Inc. COM 43300A104 302,301 13,183,635 SH   SOLE 1,2 11,944,545 0 1,239,090
Hoegh LNG Partners LP COM Y3262R100 2,737 145,421 SH   SOLE 1 145,421 0 0
Honeywell International Inc. COM 438516106 20,287 174,006 SH   SOLE 1 63,172 0 110,834
Host Hotels & Resorts Inc. COM 44107P104 438,680 28,174,672 SH   SOLE 1,2 3,205,495 0 24,969,177
HSBC Holdings 6.875% CORP BOND 404280BC2 78,344 75,150,000 SH   SOLE 1 75,150,000 0 0
HSBC Holdings PLC 6.20% Pfd. A PFD 404280604 537 20,954 SH   SOLE 1 13,417 0 0
Hudson Pacific Properties COM 444097109 327,690 9,969,287 SH   SOLE 1,2 8,331,626 0 1,637,661
Huntington Bancshares 8.5% PFD 446150401 33,831 23,332 SH   SOLE 1 23,332 0 0
Huntington Bancshares Incorporated COM 446150104 8,237 835,400 SH   SOLE 1 516,800 0 318,600
I Shares Gold Trust COM 464285105 17,818 1,404,100 SH   SOLE 1 1,404,100 0 0
ING Groep NV 6.5% CORP BOND 456837AF0 233 240,000 SH   SOLE 1 240,000 0 0
Ingredion Inc COM 457187102 2,688 20,200 SH   SOLE 1 20,200 0 0
Intel Corporation COM 458140100 1,948 51,611 SH   SOLE 1 0 0 51,611
Invesco Van Kampen Muni Trust COM 46131J103 698 50,587 SH   SOLE 1 50,587 0 0
iShares MSCI Emerging Market COM 464287234 3,479 92,886 SH   SOLE 1 92,886 0 0
John Hancock Preferred Income Fund COM 41013W108 249 11,090 SH   SOLE 1 0 0 11,090
John Hancock T/A Dividend Income Fund COM 41013V100 14,295 584,885 SH   SOLE 1 566,864 0 18,021
Johnson & Johnson COM 478160104 31,399 265,800 SH   SOLE 1 111,300 0 154,500
JPMorgan Chase & Co. COM 46625H100 26,097 391,909 SH   SOLE 1 189,809 0 202,100
Kayne Anderson Energy Total Return COM 48660P104 2,942 250,834 SH   SOLE 1 250,834 0 0
Kayne Anderson MLP Investment COM 486606106 5,846 283,388 SH   SOLE 1 283,388 0 0
Kilroy Realty Corp. COM 49427F108 919,281 13,255,676 SH   SOLE 1,2 6,923,475 0 6,332,201
Kimco Realty Corporation COM 49446R109 15,958 551,226 SH   SOLE 1 551,226 0 0
Kinder Morgan Inc. COM 49456B101 186,745 8,073,700 SH   SOLE 1,2 7,430,898 0 642,802
Knot Offshore Partners LP COM Y48125101 1,646 78,788 SH   SOLE 1 78,788 0 0
La Quinta Holdings Inc. COM 50420D108 69,968 6,258,302 SH   SOLE 1 5,695,246 0 563,056
Lasalle Hotel Properties COM 517942108 180 7,555 SH   SOLE 1,2 0 0 7,555
Legg Mason BW Global Income COM 52469B100 5,937 437,215 SH   SOLE 1 410,129 0 27,086
Lexington Realty Trust Pfd. C PFD 529043309 8,663 164,231 SH   SOLE 1 164,231 0 0
Lloyds Banking Group 7.5% CORP BOND 539439AG4 118,804 114,764,000 SH   SOLE 1 114,564,000 0 200,000
LMP Capital And Income Fund COM 50208A102 3,280 240,611 SH   SOLE 1 240,611 0 0
LyondellBasell Industries N.V. COM N53745100 73 900 SH   SOLE 1 0 0 900
Macquarie Infrastruc COM 55608B105 46,963 564,182 SH   SOLE 1,2 497,531 0 66,651
Magellan Midstream Partners COM 559080106 5,062 71,556 SH   SOLE 1 71,556 0 0
Magna International Inc. - Cl A COM 559222401 1,915 44,693 SH   SOLE 1 40,093 0 4,600
Medical Properties Trust Inc. COM 58463J304 177,240 12,000,000 SH   SOLE 1 11,902,523 0 97,477
Medtronic plc COM G5960L103 22,011 254,753 SH   SOLE 1 110,837 0 143,916
Merck & Co. Inc. COM 58933Y105 262 4,200 SH   SOLE 1 0 0 4,200
MFS Multimarket Income Trust COM 552737108 2,670 438,358 SH   SOLE 1 416,644 0 21,714
MGIC Investment Corp. COM 552848103 1,696 211,958 SH   SOLE 1 211,958 0 0
Microsoft Corporation COM 594918104 11,338 196,832 SH   SOLE 1 30,432 0 166,400
Mid-America Apartment Communities COM 59522J103 53,513 569,348 SH   SOLE 1,2 540,920 0 28,428
Monsanto Company COM 61166W101 8,615 84,294 SH   SOLE 1 84,294 0 0
MPLX LP COM 55336V100 25,182 743,703 SH   SOLE 1 743,703 0 0
National Retail Properties COM 637417106 428,986 8,436,311 SH   SOLE 1 4,611,868 0 3,824,443
National Westminster Pfd. C PFD 638539882 22,922 890,869 SH   SOLE 1 881,349 0 1,424
Neuberger Berman MLP Income COM 64129H104 1,965 211,713 SH   SOLE 1 211,713 0 0
New America High Income Fund COM 641876800 5,557 603,386 SH   SOLE 1 571,943 0 31,443
NextEra Energy Inc. COM 65339F101 206,899 1,691,460 SH   SOLE 1,2 1,539,448 0 152,012
Nextera Energy Partners LP COM 65341B106 20,085 718,089 SH   SOLE 1,2 685,047 0 33,042
NFJ Dividend Interest & Preferred Strategy COM 01883A107 1,420 112,354 SH   SOLE 1 112,354 0 0
NIKE Inc. COM 654106103 3,148 59,800 SH   SOLE 1 0 0 59,800
NiSource Inc. COM 65473P105 21,070 873,908 SH   SOLE 1,2 814,988 0 58,920
Noble Energy Inc. COM 655044105 10,508 294,000 SH   SOLE 1 129,300 0 164,700
Noble Midstream Partners LP COM 65506L105 27,152 973,192 SH   SOLE 1,2 941,363 0 31,829
NuStar Energy LP COM 67058H102 2,365 47,708 SH   SOLE 1 47,708 0 0
NuStar GP Holdings LLC COM 67059L102 9,992 390,624 SH   SOLE 1 390,624 0 0
Nuveen Dividend Adv Muni Fd 3 COM 67070X101 8,102 514,752 SH   SOLE 1 514,752 0 0
Nuveen Dividend Advan Muni Inc COM 67071L106 1,720 107,001 SH   SOLE 1 107,001 0 0
Nuveen Dividend Advantage Muni Fd COM 67066V101 656 43,542 SH   SOLE 1 43,542 0 0
Nuveen Dow 30 Dynamic Overwite COM 67075F105 1,603 111,185 SH   SOLE 1 111,185 0 0
Nuveen Energy MLP Total Return COM 67074U103 934 71,178 SH   SOLE 1 71,178 0 0
Nuveen Floating Rate Income COM 67072T108 3,419 309,935 SH   SOLE 1 305,251 0 4,684
Nuveen Floating Rate Income Opportunity Fund COM 6706EN100 1,867 168,771 SH   SOLE 1 157,923 0 10,848
Nuveen Ins T/F Adv Municipal COM 670657105 688 47,153 SH   SOLE 1 47,153 0 0
Nuveen Mtg Opportunity Fund COM 670735109 79 3,271 SH   SOLE 1 0 0 3,271
Nuveen Mtg Opportunity Term Fund COM 67074R100 1,404 59,200 SH   SOLE 1 59,200 0 0
Nuveen Multi-Strategy Income & Growth 2 COM 67073D102 17,836 2,103,264 SH   SOLE 1 2,056,978 0 46,286
Nuveen Nasdaq 100 Dynamic COM 670699107 1,874 99,053 SH   SOLE 1 99,053 0 0
Nuveen Preferred & Income Term Fund COM 67075A106 8,021 325,776 SH   SOLE 1 310,298 0 15,478
Nuveen Preferred Income Opportunities Fund COM 67073B106 9,041 902,254 SH   SOLE 1 862,865 0 39,389
Nuveen Real Estate Income Fund COM 67071B108 7,947 668,979 SH   SOLE 1 668,979 0 0
NuveeN S&P 500 B-W Income COM 6706ER101 2,671 201,719 SH   SOLE 1 201,719 0 0
Nuveen Senior Income Fund COM 67067Y104 1,050 160,565 SH   SOLE 1 160,565 0 0
Nuveen Short Duration Credit Fund COM 67074X107 3,348 198,787 SH   SOLE 1 188,230 0 10,557
Nuveen Tax-Adv Tot Ret Strat COM 67090H102 2,756 229,287 SH   SOLE 1 229,287 0 0
Nuveen Tax-Advantaged Dividend Growth Fund COM 67073G105 2,856 192,319 SH   SOLE 1 192,319 0 0
Occidental Petroleum Corporation COM 674599105 95 1,300 SH   SOLE 1 0 0 1,300
Omega Healthcare Investors COM 681936100 384,620 10,849,650 SH   SOLE 1,2 6,918,378 0 3,931,272
Oneok Partners LP COM 68268N103 4,747 118,815 SH   SOLE 1 118,815 0 0
Paramount Group Inc COM 69924R108 31 1,883 SH   SOLE 1 0 0 1,883
Parkway Properties Inc. COM 70159Q104 41,059 2,413,796 SH   SOLE 1 0 0 2,413,796
Pattern Energy Group Inc. COM 70338P100 56,129 2,495,721 SH   SOLE 1,2 2,415,231 0 80,490
Patterson Companies Inc. COM 703395103 10,453 227,536 SH   SOLE 1 95,736 0 131,800
PayPal Holdings Inc COM 70450Y103 9,120 222,600 SH   SOLE 1 0 0 222,600
Pebblebrook Hotel Trust COM 70509V100 272,640 10,249,617 SH   SOLE 1,2 5,342,639 0 4,906,978
Pembina Pipeline Corp. COM 706327103 3,139 103,196 SH   SOLE 1 103,196 0 0
Penn Real Estate Investment Trust COM 709102107 39,244 1,704,058 SH   SOLE 1 1,704,058 0 0
Penntex Midstream Partners LP COM 709311104 5,715 329,177 SH   SOLE 1 329,177 0 0
Pfizer Inc. COM 717081103 25,542 754,108 SH   SOLE 1 359,908 0 394,200
PG&E Corporation COM 69331C108 151,913 2,483,454 SH   SOLE 1,2 2,381,546 0 101,908
Physicians Realty Trust COM 71943U104 262,215 12,173,409 SH   SOLE 1,2 10,574,250 0 1,599,159
PIMCO Corporate Opportunity COM 72201B101 9,320 637,939 SH   SOLE 1 617,652 0 20,287
Pimco Dynamic Credit Income COM 72202D106 20,036 982,654 SH   SOLE 1 957,518 0 25,136
Pimco Dynamic Income Fund COM 72201Y101 17,043 598,411 SH   SOLE 1 582,487 0 15,924
PIMCO High Income Fund COM 722014107 1,471 147,660 SH   SOLE 1 147,660 0 0
Pimco Income Opportunity Fund COM 72202B100 15,008 648,013 SH   SOLE 1 628,976 0 19,037
PIMCO Income Strategy Fund II COM 72201J104 17,173 1,801,971 SH   SOLE 1 1,751,729 0 50,242
Pimco Municipal Income Fund II COM 72200W106 132 9,689 SH   SOLE 1 9,689 0 0
Pioneer Diversified High Income COM 723653101 1,463 89,665 SH   SOLE 1 89,665 0 0
Pioneer Floating Rate Trust COM 72369J102 4,148 351,544 SH   SOLE 1 336,955 0 14,589
Pioneer High Income Trust COM 72369H106 8,027 763,756 SH   SOLE 1 743,897 0 19,859
Pioneer Natural Resources Company COM 723787107 3,397 18,300 SH   SOLE 1 18,300 0 0
Plains All American Pipeline LP COM 726503105 14,441 459,759 SH   SOLE 1 459,759 0 0
Plains GP Holdings LP COM 72651A108 2,224 171,884 SH   SOLE 1 171,884 0 0
Potash Corp of Saskatchewan COM 73755L107 3,290 201,594 SH   SOLE 1 201,594 0 0
PPG Industries Inc. COM 693506107 11,736 113,544 SH   SOLE 1 51,244 0 62,300
Prologis Inc. COM 74340W103 1,980,706 36,994,881 SH   SOLE 1,2 20,061,299 0 16,933,582
Prudential Financial Inc. COM 744320102 4,938 60,475 SH   SOLE 1 22,050 0 38,425
PS Business Parks Inc. COM 69360J107 1,741 15,332 SH   SOLE 1,2 12,156 0 3,176
Public Storage COM 74460D109 184,994 829,048 SH   SOLE 1 226,496 0 602,552
Putnam Managed Municipal Income Trust COM 746823103 844 105,851 SH   SOLE 1 105,851 0 0
Putnam Premier Income Trust COM 746853100 2,194 448,600 SH   SOLE 1 448,600 0 0
QTS Realty Trust Inc. Cl-A COM 74736A103 316,209 5,983,138 SH   SOLE 1,2 5,107,020 0 876,118
Qualcomm Incorporated COM 747525103 19,645 286,793 SH   SOLE 1 91,993 0 194,800
Ramco-Gershenson Properties COM 751452202 116,189 6,200,077 SH   SOLE 1,2 4,791,162 0 1,408,915
RBS 8.625 12/29/49 CORP BOND 780097BB6 105,779 107,800,000 SH   SOLE 1 107,600,000 0 200,000
Real Estate Select Sect SPDR COM 81369Y860 1,540 46,983 SH   SOLE 1 46,983 0 0
Red Rock Resorts Inc. COM 75700L108 42,246 1,790,851 SH   SOLE 1 1,319,290 0 471,561
Regency Centers Corporation COM 758849103 173,427 2,238,053 SH   SOLE 1 628,458 0 1,609,595
Republic Services Inc. COM 760759100 136 2,700 SH   SOLE 1 0 0 2,700
Retail Properties of America COM 76131V202 251,821 14,989,316 SH   SOLE 1 8,827,452 0 6,161,864
Rice Energy COM 762760106 846 32,400 SH   SOLE 1 32,400 0 0
Rice Midstream Partners LP COM 762819100 42,224 1,740,492 SH   SOLE 1,2 1,698,994 0 41,498
Ross Stores Inc. COM 778296103 10,520 163,614 SH   SOLE 1 56,500 0 107,114
Royal Bank Of Canada COM 780087102 1,781 28,811 SH   SOLE 1 26,111 0 2,700
Royal Bank of Scotland 6.6% (RBS S) PFD 780097739 340 13,423 SH   SOLE 1 200 0 0
Royal Bank of Scotland 8% CORP BOND 780099CK1 236 250,000 SH   SOLE 1 250,000 0 0
Royal Bank of Scotland Pfd. H PFD 780097879 377 14,826 SH   SOLE 1 175 0 0
SBA Communications Corporation COM 78388J106 25,885 230,784 SH   SOLE 1,2 222,039 0 8,745
Semgroup Corp. COM 81663A105 50,337 1,423,564 SH   SOLE 1,2 1,385,553 0 38,011
Sempra Energy COM 816851109 145,257 1,355,135 SH   SOLE 1,2 1,314,448 0 40,687
Simon Property Group Inc. COM 828806109 4,124,133 19,922,385 SH   SOLE 1,2 11,131,603 0 8,790,782
SL Green Realty Corp. COM 78440X101 748,049 6,919,972 SH   SOLE 1,2 3,338,052 0 3,581,920
SOCGEN 8.25 09/29/49 CORP BOND EJ7987732 1,220 1,200,000 SH   SOLE 1 1,200,000 0 0
Source Capital Inc. COM 836144105 1,845 50,276 SH   SOLE 1 50,276 0 0
Sovran Self Storage Inc. COM 53223X107 5,341 60,055 SH   SOLE 1 60,055 0 0
Spdr Gold Trust COM 78463V107 6,354 50,571 SH   SOLE 1 50,571 0 0
SPDR Trust Series 1 COM 78462F103 7,472 34,543 SH   SOLE 1 34,543 0 0
Spectra Energy Corp COM 847560109 2,575 60,225 SH   SOLE 1 60,225 0 0
Spirit Realty Capital COM 84860W102 785,630 58,936,994 SH   SOLE 1,2 33,492,191 0 25,444,803
Sprague Resources COM 849343108 3,694 155,945 SH   SOLE 1 155,945 0 0
Starbucks Corporation COM 855244109 7,853 145,045 SH   SOLE 1 35,545 0 109,500
Steel Dynamics Inc. COM 858119100 5,897 235,971 SH   SOLE 1 105,400 0 130,571
Stillwater Mng Co COM 86074Q102 741 55,500 SH   SOLE 1 55,500 0 0
Stone Harbor Emerging Market COM 86164T107 1,717 107,910 SH   SOLE 1 100,810 0 7,100
Store Capital Corp COM 862121100 373,012 12,657,333 SH   SOLE 1 6,190,331 0 6,467,002
Suburban Propane Partners LP COM 864482104 9,376 281,551 SH   SOLE 1 281,551 0 0
Sun Communities Inc. COM 866674104 780,323 9,942,957 SH   SOLE 1,2 5,659,635 0 4,283,322
Suncor Energy Inc COM 867224107 6,108 220,420 SH   SOLE 1 215,820 0 4,600
Sunoco Logistics Partners LP COM 86764L108 9,145 321,889 SH   SOLE 1 321,889 0 0
Sunstone Hotel Investors Inc. COM 867892101 257,507 20,133,496 SH   SOLE 1,2 3,995,424 0 16,138,072
Tallgrass Energy GP LP COM 874696107 2,304 95,786 SH   SOLE 1 95,786 0 0
Tallgrass Energy Partners LP COM 874697105 4,535 94,087 SH   SOLE 1 94,087 0 0
Tanger Factory Outlet Center COM 875465106 180,532 4,633,782 SH   SOLE 1,2 4,190,839 0 442,943
Targa Resources Corp. COM 87612G101 68,155 1,387,810 SH   SOLE 1,2 1,340,300 0 47,510
TC Pipelines LP COM 87233Q108 11,293 198,023 SH   SOLE 1 198,023 0 0
TE Connectivity Ltd. COM H84989104 1,961 30,464 SH   SOLE 1 25,164 0 5,300
Teekay Offshore Partners Lp COM Y8565J101 2,703 427,757 SH   SOLE 1 427,757 0 0
Templeton Emerging Markets Fd COM 880191101 3,803 301,134 SH   SOLE 1 301,134 0 0
Templeton Global Income Fund COM 880198106 422 67,615 SH   SOLE 1 61,609 0 6,006
Tesoro Logistics LP COM 88160T107 11,010 227,294 SH   SOLE 1 227,294 0 0
The Allstate Corporation COM 020002101 1,665 24,073 SH   SOLE 1 24,073 0 0
The Est?e Lauder Companies Inc. COM 518439104 6,243 70,500 SH   SOLE 1 0 0 70,500
The Hartford Financial Services Group Inc. COM 416515104 14,032 327,700 SH   SOLE 1 113,000 0 214,700
The Home Depot Inc. COM 437076102 11,188 86,948 SH   SOLE 1 16,200 0 70,748
The Macerich Company COM 554382101 3,444 42,583 SH   SOLE 1 42,583 0 0
The Mosaic Company COM 61945C103 2,069 84,574 SH   SOLE 1 84,574 0 0
The PNC Financial Services Group Inc. COM 693475105 16,764 186,076 SH   SOLE 1 101,176 0 84,900
The Procter & Gamble Company COM 742718109 332 3,700 SH   SOLE 1 0 0 3,700
The Travelers Companies Inc. COM 89417E109 103 900 SH   SOLE 1 0 0 900
The Walt Disney Company COM 254687106 13,483 145,193 SH   SOLE 1 60,793 0 84,400
The Williams Companies Inc. COM 969457100 118,053 3,841,631 SH   SOLE 1,2 3,669,188 0 172,443
Thermo Fisher Scientific Inc. COM 883556102 10,140 63,750 SH   SOLE 1 31,659 0 32,091
Time Warner Inc. COM 887317303 15,005 188,484 SH   SOLE 1 63,693 0 124,791
Tortoise Energy Infrastructu COM 89147L100 4,128 134,258 SH   SOLE 1 132,533 0 1,725
Tortoise MLP Fund Inc COM 89148B101 2,047 102,421 SH   SOLE 1 102,421 0 0
TransCanada Corp. COM 89353D107 173,409 3,657,570 SH   SOLE 1 3,435,280 0 222,290
Trinseo SA COM L9340P101 6,549 115,795 SH   SOLE 1 54,495 0 61,300
Tyson Foods Inc. COM 902494103 31,327 419,545 SH   SOLE 1 218,137 0 201,408
UDR Inc. COM 902653104 1,635,303 45,437,718 SH   SOLE 1,2 25,785,184 0 19,652,534
UGI Corp. New COM 902681105 1,055 23,317 SH   SOLE 1 23,317 0 0
UMH Properties Inc. Pfd. A PFD 903002202 3,850 149,795 SH   SOLE 1 50,000 0 99,795
Union Pacific Corporation COM 907818108 123,320 1,264,430 SH   SOLE 1,2 1,254,118 0 10,312
United Parcel Service Inc. COM 911312106 208 1,900 SH   SOLE 1 0 0 1,900
United Technologies Corporation COM 913017109 8,992 88,500 SH   SOLE 1 0 0 88,500
Urstadt Biddle Prop Pr.G PFD 917286809 7,405 281,038 SH   SOLE 1 15,450 0 265,588
Valero Energy Partners COM 91914J102 5,801 132,778 SH   SOLE 1 132,778 0 0
Valvoline Inc COM 92047W101 8,346 355,300 SH   SOLE 1 163,250 0 192,050
Van Kampen Dynamic Credit Op COM 46132R104 2,624 223,143 SH   SOLE 1 223,143 0 0
Vanguard S&P 500 ETF COM 922908363 2,203 11,086 SH   SOLE 1 11,086 0 0
Ventas Inc. COM 92276F100 335,300 4,747,277 SH   SOLE 1 729,051 0 4,018,226
Verizon Communications Inc. COM 92343V104 11,502 221,270 SH   SOLE 1 128,870 0 92,400
Vornado Realty Trust COM 929042109 457,526 4,520,565 SH   SOLE 1 2,702,322 0 1,818,243
Vtti Energy Partners LP COM Y9384M101 4,181 219,963 SH   SOLE 1 219,963 0 0
W.W. Grainger Inc. COM 384802104 67 300 SH   SOLE 1 0 0 300
Wa/Clay US Infl-Lkd Opportunity & Income Fund COM 95766R104 1,821 162,706 SH   SOLE 1 162,706 0 0
Wells Fargo & Co. 7.5% PFD 949746804 30,687 23,450 SH   SOLE 1 23,450 0 0
Wells Fargo & Company COM 949746101 25,932 585,636 SH   SOLE 1 288,310 0 297,326
Wells Fargo Advantage Income Fund COM 94987B105 4,030 482,012 SH   SOLE 1 455,851 0 26,161
Wells Fargo Advantage Multi-Sector Fund COM 94987D101 3,315 255,588 SH   SOLE 1 238,099 0 17,489
Western Asset Global Corp. COM 95790C107 1,733 97,989 SH   SOLE 1 88,980 0 9,009
Western Asset Global High In COM 95766B109 3,315 325,329 SH   SOLE 1 308,103 0 17,226
Western Asset High Yield Defined Opportunity Fd. COM 95768B107 3,436 222,954 SH   SOLE 1 213,026 0 9,928
Western Asset Premier Bond COM 957664105 998 74,388 SH   SOLE 1 74,388 0 0
Western Digital Corporation COM 958102105 16,565 283,307 SH   SOLE 1 125,967 0 157,340
Western Gas Equity Partners COM 95825R103 15 345 SH   SOLE 1 345 0 0
Western Refining Logistics LP COM 95931Q205 4,638 200,100 SH   SOLE 1 200,100 0 0
Williams Partners LP COM 96949L105 23,538 632,918 SH   SOLE 1 632,918 0 0
Wisconsin Energy Corporation COM 92939U106 85,253 1,423,724 SH   SOLE 1,2 1,319,135 0 104,589
Xcel Energy Inc. COM 98389B100 71,798 1,745,216 SH   SOLE 1,2 1,678,042 0 67,174
Zimmer Biomet Holdings Inc. COM 98956P102 14,582 112,153 SH   SOLE 1 50,253 0 61,900