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 399 30,711 SH   SOLE 1 19,604 0 11,107
Abbott Laboratories COM 002824100 8,227 214,176 SH   SOLE 1 69,972 0 144,204
Accenture PLC COM G1151C101 12,803 109,309 SH   SOLE 1 13,462 0 95,847
AdvancePierre Foods Holdings Inc COM 00782L107 3,624 121,692 SH   SOLE 1 121,692 0 0
AGIC Convertible & Income FD II COM 018825109 10,890 1,907,205 SH   SOLE 1 1,860,856 0 46,349
AGIC Convertible & Income Fund COM 018828103 8,449 1,324,288 SH   SOLE 1 1,290,114 0 34,174
Agree Realty Corp. COM 008492100 25,261 548,551 SH   SOLE 1 511,075 0 37,476
Agrium Inc COM 008916108 3,617 35,971 SH   SOLE 1 35,971 0 0
Air Products and Chemicals Inc. COM 009158106 131 910 SH   SOLE 1 0 0 910
Alexandria Real Estate Equities COM 015271109 926,201 8,334,392 SH   SOLE 1,2 4,485,113 0 3,849,279
AllianceBernstein Global High Income Fund COM 01879R106 4,204 334,479 SH   SOLE 1 319,864 0 14,615
Alliant Energy Corporation COM 018802108 56,329 1,486,638 SH   SOLE 1,2 1,354,228 0 132,410
Alphabet Inc CL A COM 02079K305 30,113 38,000 SH   SOLE 1 13,170 0 24,830
Altria Group Inc. COM 02209S103 26,442 391,040 SH   SOLE 1 133,649 0 257,391
American Assets Trust Inc. COM 024013104 28,445 660,277 SH   SOLE 1 660,277 0 0
American Campus Communities COM 024835100 503,816 10,122,893 SH   SOLE 1 6,366,765 0 3,756,128
American Homes 4 Rent-CL COM 02665T306 425,023 20,258,501 SH   SOLE 1,2 10,218,510 0 10,039,991
American Midstream Partners COM 02752P100 5,270 289,542 SH   SOLE 1 289,542 0 0
American Tower Corporation COM 03027X100 382,990 3,624,052 SH   SOLE 1,2 3,367,684 0 256,368
American Water Works Company Inc. COM 030420103 83,578 1,155,032 SH   SOLE 1,2 1,109,030 0 46,002
Ameriprise Financial Inc. COM 03076C106 12,433 112,069 SH   SOLE 1 50,400 0 61,669
Amgen Inc. COM 031162100 9,637 65,915 SH   SOLE 1 12,370 0 53,545
Anadarko Petroleum Corporation COM 032511107 55,780 799,938 SH   SOLE 1 455,441 0 344,497
Analog Devices Inc. COM 032654105 193 2,660 SH   SOLE 1 0 0 2,660
Antero Midstream Partners LP COM 03673L103 1,006 32,577 SH   SOLE 1 32,577 0 0
Anthem Inc. COM 036752103 78 543 SH   SOLE 1 0 0 543
Apache Corporation COM 037411105 9,159 144,300 SH   SOLE 1 50,500 0 93,800
Apartment Investment & Management Co. COM 03748R101 833,896 18,347,543 SH   SOLE 1,2 12,859,982 0 5,487,561
Apartment Invt & Mgmt Co 6.875 Pfd A PFD 03748R762 17,566 680,870 SH   SOLE 1 467,456 0 213,414
Apple Hospitality REIT Inc COM 03784Y200 41,467 2,075,401 SH   SOLE 1,2 1,748,438 0 326,963
APPLE Inc. COM 037833100 44,973 388,304 SH   SOLE 1 143,116 0 245,188
Arc Logistics Partners LP COM 03879N101 4,718 296,193 SH   SOLE 1 296,193 0 0
ARCELORMITTAL-NY REGISTERED ADR 03938L104 2,355 322,664 SH   SOLE 1 322,664 0 0
Archer-Daniels-Midland Company COM 039483102 4,693 102,800 SH   SOLE 1 102,800 0 0
Ares Dynamic Credit Allocation COM 04014F102 3,885 257,623 SH   SOLE 1 257,623 0 0
Assurant Inc. COM 04621X108 4,949 53,300 SH   SOLE 1 53,300 0 0
AT&T Inc. COM 00206R102 5,470 128,606 SH   SOLE 1 40,588 0 88,018
Atmos Energy Corp. COM 049560105 88,394 1,192,094 SH   SOLE 1,2 1,174,638 0 17,456
AvalonBay Communities Inc. COM 053484101 708,088 3,997,108 SH   SOLE 1,2 3,063,036 0 934,072
BACR 6 5/8 06/29/49 CORP BOND 06738EAB1 564 600,000 SH   SOLE 1 600,000 0 0
Baker Hughes Incorporated COM 057224107 28,549 439,415 SH   SOLE 1 215,851 0 223,564
Bank of America 7.25 CV Pfd. L PFD 060505682 233 200 SH   SOLE 1 200 0 0
Bank of America Corporation COM 060505104 29,586 1,338,720 SH   SOLE 1 693,547 0 645,173
Barclays Bank 8.25 CORP BOND 06738EAA3 87,941 84,225,000 SH   SOLE 1 84,225,000 0 0
Barclays Bank PLC Pfd. A PFD 06739H776 29,713 1,171,619 SH   SOLE 1 1,159,966 0 11,653
Barclays Bank PLC Pfd. D PFD 06739H362 35,121 1,375,133 SH   SOLE 1 1,347,541 0 27,592
Barrick Gold Corp. COM 067901108 2,432 152,202 SH   SOLE 1 152,202 0 0
Blackrock Build America Bond COM 09248X100 102 4,710 SH   SOLE 1 0 0 4,710
Blackrock Corporate High Yield Fund 6 COM 09255P107 199 18,335 SH   SOLE 1 0 0 18,335
Blackrock Enh Cap And Inc COM 09256A109 4,806 350,564 SH   SOLE 1 350,564 0 0
Blackrock Float Rt Income St COM 09255X100 21 1,473 SH   SOLE 1 0 0 1,473
Blackrock Glbl Flt Rt Inc Tr COM 091941104 500 35,493 SH   SOLE 1 35,493 0 0
Blackrock Inc. COM 09247X101 12,024 31,598 SH   SOLE 1 15,121 0 16,477
Blackrock Invt Quality Muni COM 09247D105 538 36,614 SH   SOLE 1 36,614 0 0
Blackrock Limited Duration Income Trust COM 09249W101 1,972 130,016 SH   SOLE 1 122,596 0 7,420
BlackRock Muni Income Inv Qual COM 09250G102 380 26,558 SH   SOLE 1 26,558 0 0
Blackrock Munienhanced Fund COM 09253Y100 886 78,601 SH   SOLE 1 78,601 0 0
Blackrock Muniholdings In Ii COM 09254C107 178 13,159 SH   SOLE 1 13,159 0 0
Blackrock Muniholdings Insur COM 09254P108 1,417 99,953 SH   SOLE 1 99,215 0 738
Blackrock Munivest Fund COM 09253R105 1,026 106,813 SH   SOLE 1 106,813 0 0
Blackrock Muniyield Fund COM 09253W104 455 32,148 SH   SOLE 1 32,148 0 0
Blackrock Muniyield Insured COM 09254E103 521 38,194 SH   SOLE 1 38,194 0 0
Blackrock Muniyield Qual Ii COM 09254G108 764 59,626 SH   SOLE 1 59,626 0 0
Blackrock Muniyield Quality COM 09254F100 617 41,943 SH   SOLE 1 41,943 0 0
BlackRock Strategic Muni Trust COM 09248T109 297 22,038 SH   SOLE 1 22,038 0 0
Boardwalk Pipeline Partners LP COM 096627104 402 23,137 SH   SOLE 1 23,137 0 0
Boston Properties Inc. COM 101121101 43,480 345,685 SH   SOLE 1 287,158 0 58,527
BRF - Brasil Foods SA ADR ADR 10552T107 7,144 484,023 SH   SOLE 1 484,023 0 0
Bristol-Myers Squibb Company COM 110122108 16,427 281,096 SH   SOLE 1 90,696 0 190,400
Brixmor Property Group COM 11120U105 969,446 39,698,851 SH   SOLE 1,2 21,043,181 0 18,655,670
Broadcom Ltd COM Y09827109 17,951 101,549 SH   SOLE 1 47,186 0 54,363
Brookdale Senior Living Inc. COM 112463104 72,664 5,850,603 SH   SOLE 1 5,335,040 0 515,563
Buckeye Partners LP COM 118230101 29,427 444,788 SH   SOLE 1 444,788 0 0
Bunge Limited COM G16962105 4,183 57,905 SH   SOLE 1 57,905 0 0
Cadence Design Systems Inc. COM 127387108 11,937 473,300 SH   SOLE 1 204,000 0 269,300
Calamos Convertible & High Income Fund COM 12811P108 3,302 313,011 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 229,433 2,729,071 SH   SOLE 1 370,890 0 2,358,181
Canadian National Railway COM 136375102 25,647 380,638 SH   SOLE 1 380,638 0 0
Canadian Pacific Railway Ltd COM 13645T100 46,473 325,342 SH   SOLE 1,2 316,661 0 8,681
Cardinal Health Inc. COM 14149Y108 7,118 98,900 SH   SOLE 1 0 0 98,900
CBRE Clarion Global Real Estate Income Fund COM 12504G100 942 128,977 SH   SOLE 1 128,977 0 0
CF Industries Holdings Inc. COM 125269100 2,325 73,843 SH   SOLE 1 73,843 0 0
Cheniere Energy Inc. COM 16411R208 61,125 1,475,385 SH   SOLE 1,2 1,354,720 0 120,665
Cheniere Energy Partners LP COM 16411Q101 8,790 304,985 SH   SOLE 1 304,985 0 0
Cheniere Energy Partners LP LLC COM 16411W108 1,079 48,232 SH   SOLE 1 48,232 0 0
Chubb Ltd COM H1467J104 22,344 169,116 SH   SOLE 1 83,703 0 85,413
Cigna Corporation COM 125509109 6,284 47,111 SH   SOLE 1 22,537 0 24,574
Cisco Systems Inc. COM 17275R102 15,029 497,313 SH   SOLE 1 204,300 0 293,013
Clearbridge American Energy COM 184691103 515 56,072 SH   SOLE 1 56,072 0 0
Clearbridge Energy Mlp COM 184692101 1,229 78,989 SH   SOLE 1 78,989 0 0
Clearbridge Energy MLP Opport COM 18469P100 1,078 82,257 SH   SOLE 1 82,257 0 0
Clough Global Opportunities Fund COM 18914E106 2,535 283,250 SH   SOLE 1 278,808 0 4,442
CMS Energy Corporation COM 125896100 109,980 2,642,488 SH   SOLE 1,2 2,550,187 0 92,301
Colony Capital 7.125 Pfd C PFD 19624R403 1,761 75,586 SH   SOLE 1 75,586 0 0
Colony Starwood Homes COM 19625X102 123,165 4,275,067 SH   SOLE 1,2 3,583,915 0 691,152
Columbia Selig Prem Tech Equity COM 19842X109 1,550 82,695 SH   SOLE 1 82,695 0 0
Comerica Incorporated COM 200340107 4,004 58,793 SH   SOLE 1 58,793 0 0
Conocophillips COM 20825C104 130 2,600 SH   SOLE 1 0 0 2,600
Consumer Discretionary Selt COM 81369Y407 4,818 59,185 SH   SOLE 1 59,185 0 0
Corporate Office Properties COM 22002T108 157,599 5,048,018 SH   SOLE 1,2 4,218,350 0 829,668
Coty Inc. COM 222070203 9,990 545,600 SH   SOLE 1 285,800 0 259,800
Cousins Properties Inc. COM 222795106 269,758 31,698,983 SH   SOLE 1,2 11,156,480 0 20,542,503
Crown Castle International Corp. COM 22822V101 434,422 5,006,591 SH   SOLE 1,2 1,919,145 0 3,087,446
CSX Corporation COM 126408103 91,597 2,549,308 SH   SOLE 1,2 2,166,911 0 382,397
CubeSmart COM 229663109 280,773 10,488,329 SH   SOLE 1 9,701,238 0 787,091
CVS Health Corporation COM 126650100 11,334 143,638 SH   SOLE 1 57,803 0 85,835
CyrusOne Inc COM 23283R100 30,782 688,177 SH   SOLE 1 688,177 0 0
DCP Midstream Partners LP COM 23311P100 4,862 126,691 SH   SOLE 1 126,691 0 0
DDR Corp. COM 23317H102 463,242 30,336,725 SH   SOLE 1 14,800,229 0 15,536,496
Delphi Automotive PLC COM G27823106 10,933 162,325 SH   SOLE 1 52,774 0 109,551
Diamondback Energy Inc COM 25278X109 8,127 80,419 SH   SOLE 1 80,419 0 0
Digital Realty Trust Inc. COM 253868103 1,073,351 10,923,578 SH   SOLE 1,2 4,727,722 0 6,195,856
Discover Financial Services COM 254709108 6,387 88,600 SH   SOLE 1 86,300 0 2,300
Dominion Resources Inc. COM 25746U109 12,154 158,695 SH   SOLE 1 158,695 0 0
Doubleline Income Solutions COM 258622109 6,324 333,024 SH   SOLE 1 315,780 0 17,244
Douglas Emmett Inc. COM 25960P109 505,846 13,836,049 SH   SOLE 1,2 9,343,308 0 4,492,741
Dte Energy Company COM 233331107 39,458 400,545 SH   SOLE 1,2 400,545 0 0
Dupont Fabros Technology Inc. COM 26613Q106 388,907 8,852,869 SH   SOLE 1,2 7,823,693 0 1,029,176
Eaton Corporation plc COM G29183103 8,172 121,800 SH   SOLE 1 28,200 0 93,600
Eaton Vance Enh Eqt Inc Ii COM 278277108 774 60,448 SH   SOLE 1 60,448 0 0
Eaton Vance Floating Rate Income Trust COM 278279104 996 66,872 SH   SOLE 1 66,872 0 0
Eaton Vance Insured Muni Bnd COM 27827X101 146 11,739 SH   SOLE 1 11,739 0 0
Eaton Vance Limited Duration Fund COM 27828H105 5,640 411,055 SH   SOLE 1 397,626 0 13,429
Eaton Vance Muni Income Trust COM 27826U108 590 47,035 SH   SOLE 1 47,035 0 0
Eaton Vance Senior Income Trust COM 27826S103 1,311 196,289 SH   SOLE 1 193,134 0 3,155
Eaton Vance Sr Fltg Rate Trust COM 27828Q105 3,300 224,030 SH   SOLE 1 219,064 0 4,966
Eaton Vance T/A Global Dividend Income COM 27828S101 4,713 334,983 SH   SOLE 1 334,983 0 0
Eaton Vance T/M Buy-Write Opportunity COM 27828Y108 11,689 787,696 SH   SOLE 1 787,696 0 0
Eaton Vance Tax Adv Global Dividend O COM 27828U106 4,729 227,240 SH   SOLE 1 227,240 0 0
Eaton Vance Tax Man Global Br COM 27829C105 5,015 498,036 SH   SOLE 1 498,036 0 0
Eaton Vance Tax-Adv Dvd. Inc. Fund COM 27828G107 16,949 825,155 SH   SOLE 1 802,307 0 22,848
Eaton Vance Tax-Managed Dividend COM 27828N102 12,952 1,251,428 SH   SOLE 1 1,217,091 0 34,337
Eaton Vance Tax-Managed Global COM 27829F108 13,373 1,667,423 SH   SOLE 1 1,667,423 0 0
Edison International COM 281020107 114,751 1,593,982 SH   SOLE 1,2 1,515,182 0 78,800
Education Realty Trust Inc. COM 28140H203 433,595 10,250,477 SH   SOLE 1,2 6,169,593 0 4,080,884
Empire State Realty Trust COM 292104106 333,048 16,495,672 SH   SOLE 1,2 10,060,332 0 6,435,340
Enable Midstream Partners LP COM 292480100 2,188 139,091 SH   SOLE 1 139,091 0 0
Enbridge Energy Mgmt LLC COM 29250X103 5,129 198,024 SH   SOLE 1 198,024 0 0
Enbridge Energy Partners LP COM 29250R106 22,882 898,042 SH   SOLE 1 898,042 0 0
Enbridge Inc. COM 29250N105 57,863 1,373,392 SH   SOLE 1,2 1,230,249 0 143,143
Energy Transfer Equity Lp COM 29273V100 7,358 381,025 SH   SOLE 1 381,025 0 0
Energy Transfer Partners LP COM 29273R109 43,283 1,208,696 SH   SOLE 1 1,208,696 0 0
EnLink Midstream Partners LP COM 29336U107 9,685 525,764 SH   SOLE 1 525,764 0 0
Enterprise Products Partners COM 293792107 52,411 1,938,292 SH   SOLE 1 1,938,292 0 0
Entertainment Properties Trust Pfd. E PFD 26884U307 11,479 319,929 SH   SOLE 1 251,000 0 68,929
EOG Resources Inc. COM 26875P101 10,420 103,067 SH   SOLE 1 103,067 0 0
EQT Corporation COM 26884L109 800 12,227 SH   SOLE 1 12,227 0 0
EQT Midstream Partners LP COM 26885B100 15 201 SH   SOLE 1 201 0 0
Equinix Inc. COM 29444U700 1,162,239 3,251,836 SH   SOLE 1 1,241,241 0 2,010,595
Equity Commonwealth Pfd. D PFD 294628201 15,784 622,649 SH   SOLE 1 415,768 0 206,881
Equity Lifestyle Properties COM 29472R108 173,115 2,401,035 SH   SOLE 1,2 492,761 0 1,908,274
Equity Residential COM 29476L107 498,355 7,743,247 SH   SOLE 1 1,133,593 0 6,609,654
Essex Property Trust Inc. COM 297178105 1,080,718 4,648,250 SH   SOLE 1,2 2,210,346 0 2,437,904
Expedia Inc. COM 30212P303 10,575 93,352 SH   SOLE 1 8,962 0 84,390
Extended Stay America Inc. COM 30224P200 75,638 4,683,478 SH   SOLE 1 3,850,527 0 832,951
Extra Space Storage Inc. COM 30225T102 741,788 9,603,674 SH   SOLE 1,2 4,502,392 0 5,101,282
Exxon Mobil Corporation COM 30231G102 5,551 61,500 SH   SOLE 1 60,100 0 1,400
Federal Realty Investment Trust COM 313747206 148,712 1,046,460 SH   SOLE 1 24,844 0 1,021,616
FedEx Corporation COM 31428X106 39,040 209,668 SH   SOLE 1 88,647 0 121,021
Fiduciary/Claymore MLP Oppor COM 31647Q106 1,563 104,969 SH   SOLE 1 104,969 0 0
Fifth Third Bancorp COM 316773100 18,602 689,720 SH   SOLE 1 400,405 0 289,315
Financial Select Sector SPDR COM 81369Y605 8,348 359,061 SH   SOLE 1 359,061 0 0
First Trust Aberdeen Global Fund COM 337319107 1,803 161,582 SH   SOLE 1 147,800 0 13,782
First Trust Energy Income and Growth Fund COM 33738G104 14,728 554,933 SH   SOLE 1 552,762 0 2,171
First Trust MLP and Energy Inc COM 33739B104 1,344 83,296 SH   SOLE 1 83,296 0 0
First Trust New Opportunites MLP COM 33739M100 2,957 230,146 SH   SOLE 1 230,146 0 0
First Trust/Four Crns Sr F 2 COM 33733U108 1,160 83,879 SH   SOLE 1 83,879 0 0
Flah & Crum/Claymore Preferred S I COM 338478100 145 7,717 SH   SOLE 1 0 0 7,717
Flah & Crum/Claymore Total Return Fund COM 338479108 313 15,759 SH   SOLE 1 9,015 0 6,744
Flaherty & Crumrine Dynamic COM 33848W106 568 23,911 SH   SOLE 1 6,281 0 17,630
Four Corners Property Trust COM 35086T109 56,608 2,758,670 SH   SOLE 1,2 2,119,330 0 639,340
Franco-Nevada Corp. COM 351858105 2,136 35,680 SH   SOLE 1 35,680 0 0
Franklin Limited Duration Income Trust COM 35472T101 1,376 114,252 SH   SOLE 1 109,200 0 5,052
Freeport-Mcmoran Inc. COM 35671D857 2,483 188,247 SH   SOLE 1 188,247 0 0
Gabelli Dividend & Income Trust COM 36242H104 20,192 1,007,585 SH   SOLE 1 991,618 0 15,967
Gabelli Equity Trust COM 362397101 13,968 2,530,517 SH   SOLE 1 2,499,501 0 31,016
Gabelli Global Healthcare & WellnessRx Trust COM 36246K103 2,169 230,003 SH   SOLE 1 230,003 0 0
Gaming and Leisure Prop COM 36467J108 232,504 7,593,222 SH   SOLE 1,2 7,084,156 0 509,066
GasLog Ltd. COM G37585109 855 53,123 SH   SOLE 1 53,123 0 0
GasLog Partners LP COM Y2687W108 2,115 102,900 SH   SOLE 1 102,900 0 0
General Dynamics Corporation COM 369550108 8,803 50,985 SH   SOLE 1 49,279 0 1,706
General Growth Properties Inc. COM 370023103 50,637 2,027,089 SH   SOLE 1 1,917,108 0 109,981
Genesis Energy LP COM 371927104 16,716 464,089 SH   SOLE 1 464,089 0 0
Geo Group Inc COM 36162J106 73,864 2,055,773 SH   SOLE 1 1,987,064 0 68,709
Golar LNG Ltd COM G9456A100 768 33,462 SH   SOLE 1 33,462 0 0
Golar LNG Partners LP COM Y2745C102 10,427 433,743 SH   SOLE 1 433,743 0 0
Goldcorp Inc COM 380956409 5,694 418,676 SH   SOLE 1 418,676 0 0
GoldCorp. Inc. COM 380956409 776 56,900 SH   SOLE 1 56,900 0 0
Great Plains Energy Inc. COM 391164100 47,229 1,726,841 SH   SOLE 1,2 1,635,890 0 90,951
Grupo Aeroportuario PAC - ADR ADR 400506101 11,927 144,540 SH   SOLE 1,2 91,904 0 52,636
Guggenheim Build America COM 401664107 96 4,487 SH   SOLE 1 0 0 4,487
Guggenheim Strategic Opp Fund COM 40167F101 2,104 107,134 SH   SOLE 1 107,134 0 0
HCP Inc. COM 40414L109 714,195 24,030,774 SH   SOLE 1,2 8,992,609 0 15,038,165
Healthcare Trust of America COM 42225P501 567,361 19,490,245 SH   SOLE 1,2 10,411,685 0 9,078,560
Helmerich & Payne Inc. COM 423452101 5,575 72,034 SH   SOLE 1 70,673 0 1,361
Highwoods Properties Inc. COM 431284108 219,521 4,303,484 SH   SOLE 1 1,114,403 0 3,189,081
Hoegh LNG Partners LP COM Y3262R100 5,226 275,062 SH   SOLE 1 275,062 0 0
Honeywell International Inc. COM 438516106 34,637 298,981 SH   SOLE 1 128,405 0 170,576
Host Hotels & Resorts Inc. COM 44107P104 607,856 32,264,111 SH   SOLE 1,2 12,570,237 0 19,693,874
HSBC Holdings 6.875 CORP BOND 404280BC2 75,347 71,250,000 SH   SOLE 1 71,250,000 0 0
HSBC Holdings PLC 6.20 Pfd. A PFD 404280604 506 20,086 SH   SOLE 1 13,417 0 6,669
Hudson Pacific Properties COM 444097109 481,287 13,838,025 SH   SOLE 1,2 8,177,280 0 5,660,745
Huntington Bancshares 8.5 PFD 446150401 33,976 23,432 SH   SOLE 1 23,432 0 0
Huntington Bancshares Incorporated COM 446150104 14,759 1,116,412 SH   SOLE 1 549,066 0 567,346
I Shares Gold Trust COM 464285105 38,047 3,433,800 SH   SOLE 1 3,433,800 0 0
ING Groep NV 6.5 CORP BOND 456837AF0 232 240,000 SH   SOLE 1 240,000 0 0
Ingredion Inc COM 457187102 3,394 27,164 SH   SOLE 1 27,164 0 0
Intel Corporation COM 458140100 1,872 51,611 SH   SOLE 1 0 0 51,611
Invesco Van Kampen Muni Trust COM 46131J103 1,237 100,865 SH   SOLE 1 100,865 0 0
iShares MSCI Emerging Market COM 464287234 3,000 85,686 SH   SOLE 1 85,686 0 0
iShares Nasdaq Biotechnology COM 464287556 692 2,608 SH   SOLE 1 2,608 0 0
John Hancock Patriot Premium Dividend Fund II COM 41013T105 357 22,804 SH   SOLE 1 22,804 0 0
John Hancock Preferred Income Fund COM 41013W108 187 9,168 SH   SOLE 1 0 0 9,168
John Hancock Preferred Income III COM 41021P103 141 7,935 SH   SOLE 1 7,935 0 0
John Hancock T/A Dividend Income Fund COM 41013V100 12,117 524,988 SH   SOLE 1 508,976 0 16,012
Johnson & Johnson COM 478160104 29,928 259,768 SH   SOLE 1 105,870 0 153,898
JPMorgan Chase & Co. COM 46625H100 34,715 402,306 SH   SOLE 1 199,914 0 202,392
Kayne Anderson Energy Total Return COM 48660P104 3,083 261,080 SH   SOLE 1 261,080 0 0
Kayne Anderson MLP Investment COM 486606106 5,878 300,193 SH   SOLE 1 300,193 0 0
Kilroy Realty Corp. COM 49427F108 813,622 11,112,012 SH   SOLE 1,2 6,018,875 0 5,093,137
Kimco Realty Corporation COM 49446R109 13,869 551,226 SH   SOLE 1 551,226 0 0
Kinder Morgan Inc. COM 49456B101 169,432 8,181,188 SH   SOLE 1,2 7,396,325 0 784,863
Knot Offshore Partners LP COM Y48125101 1,851 78,438 SH   SOLE 1 78,438 0 0
Kohl's Corporation COM 500255104 6,818 138,066 SH   SOLE 1 60,388 0 77,678
Legg Mason BW Global Income COM 52469B100 5,122 432,936 SH   SOLE 1 410,129 0 22,807
Lexington Realty Trust Pfd. C PFD 529043309 8,195 164,231 SH   SOLE 1 164,231 0 0
Lincoln Financial Corporation COM 534187109 6,479 97,762 SH   SOLE 1 45,208 0 52,554
Lloyds Banking Group 7.5 CORP BOND 539439AG4 97,844 94,764,000 SH   SOLE 1 94,764,000 0 0
LMP Capital And Income Fund COM 50208A102 3,087 232,291 SH   SOLE 1 232,291 0 0
LyondellBasell Industries N.V. COM N53745100 77 900 SH   SOLE 1 0 0 900
Macquarie Infrastruc COM 55608B105 46,375 567,625 SH   SOLE 1,2 481,472 0 86,153
Magellan Midstream Partners COM 559080106 5,412 71,556 SH   SOLE 1 71,556 0 0
Magna International Inc. - Cl A COM 559222401 1,943 44,693 SH   SOLE 1 40,093 0 4,600
Medical Properties Trust Inc. COM 58463J304 90,246 7,337,044 SH   SOLE 1 7,275,862 0 61,182
Medtronic plc COM G5960L103 14,030 196,964 SH   SOLE 1 82,007 0 114,957
Merck & Co. Inc. COM 58933Y105 130 2,215 SH   SOLE 1 0 0 2,215
MFS Multimarket Income Trust COM 552737108 2,656 438,358 SH   SOLE 1 416,644 0 21,714
MGIC Investment Corp. COM 552848103 2,160 211,958 SH   SOLE 1 211,958 0 0
MGM Resorts International COM 552953101 72,303 2,507,912 SH   SOLE 1 2,285,654 0 222,258
Microsoft Corporation COM 594918104 12,231 196,832 SH   SOLE 1 30,432 0 166,400
Mid-America Apartment Communities COM 59522J103 172,270 1,759,289 SH   SOLE 1 1,651,885 0 107,404
Monsanto Company COM 61166W101 11,837 112,506 SH   SOLE 1 112,506 0 0
MPLX LP COM 55336V100 25,281 730,249 SH   SOLE 1 730,249 0 0
National Retail Properties COM 637417106 146,131 3,306,133 SH   SOLE 1 0 0 3,306,133
National Westminster Pfd. C PFD 638539882 23,328 910,184 SH   SOLE 1 895,349 0 14,835
Neuberger Berman MLP Income COM 64129H104 3,029 322,569 SH   SOLE 1 322,569 0 0
Neuberger Berman Real Estate COM 64190A103 971 180,775 SH   SOLE 1 180,775 0 0
New America High Income Fund COM 641876800 5,546 598,953 SH   SOLE 1 571,943 0 27,010
NextEra Energy Inc. COM 65339F101 189,677 1,587,787 SH   SOLE 1,2 1,431,927 0 155,860
NFJ Dividend Interest & Preferred Strategy COM 01883A107 1,348 106,895 SH   SOLE 1 106,895 0 0
NIKE Inc. COM 654106103 3,040 59,800 SH   SOLE 1 0 0 59,800
NiSource Inc. COM 65473P105 23,812 1,075,527 SH   SOLE 1,2 999,278 0 76,249
Noble Energy Inc. COM 655044105 11,332 297,746 SH   SOLE 1 129,300 0 168,446
Noble Midstream Partners LP COM 65506L105 29,623 822,852 SH   SOLE 1,2 789,736 0 33,116
NuStar Energy LP COM 67058H102 2,376 47,708 SH   SOLE 1 47,708 0 0
NuStar GP Holdings LLC COM 67059L102 11,035 381,849 SH   SOLE 1 381,849 0 0
Nuveen Dividend Adv Muni Fd 3 COM 67070X101 8,072 570,896 SH   SOLE 1 570,172 0 724
Nuveen Dividend Advan Muni Inc COM 67071L106 2,344 162,092 SH   SOLE 1 162,092 0 0
Nuveen Dividend Advantage Muni Fd COM 67066V101 1,642 117,591 SH   SOLE 1 117,591 0 0
Nuveen Dow 30 Dynamic Overwite COM 67075F105 1,582 105,445 SH   SOLE 1 105,445 0 0
Nuveen Energy MLP Total Return COM 67074U103 1,116 82,389 SH   SOLE 1 82,389 0 0
Nuveen Floating Rate Income COM 67072T108 1,236 105,889 SH   SOLE 1 101,205 0 4,684
Nuveen Floating Rate Income Opportunity Fund COM 6706EN100 1,649 135,244 SH   SOLE 1 124,396 0 10,848
Nuveen Ins T/F Adv Municipal COM 670657105 2,132 159,842 SH   SOLE 1 159,065 0 777
Nuveen Mtg Opportunity Fund COM 670735109 37 1,521 SH   SOLE 1 0 0 1,521
Nuveen Mtg Opportunity Term Fund COM 67074R100 1,371 59,200 SH   SOLE 1 59,200 0 0
Nuveen Multi-Strategy Income & Growth 2 COM 67073D102 17,619 1,990,795 SH   SOLE 1 1,944,509 0 46,286
Nuveen Municipal Value Fund COM 670928100 1,227 128,381 SH   SOLE 1 128,381 0 0
Nuveen Nasdaq 100 Dynamic COM 670699107 1,608 86,642 SH   SOLE 1 86,642 0 0
Nuveen Preferred & Income Term Fund COM 67075A106 6,803 296,690 SH   SOLE 1 282,825 0 13,865
Nuveen Preferred Income Opportunities Fund COM 67073B106 6,973 708,602 SH   SOLE 1 672,702 0 35,900
Nuveen Real Estate Income Fund COM 67071B108 6,235 578,930 SH   SOLE 1 578,930 0 0
NuveeN S&P 500 B-W Income COM 6706ER101 2,550 200,492 SH   SOLE 1 200,492 0 0
Nuveen Senior Income Fund COM 67067Y104 890 131,019 SH   SOLE 1 131,019 0 0
Nuveen Short Duration Credit Fund COM 67074X107 3,477 198,787 SH   SOLE 1 188,230 0 10,557
Nuveen Tax-Adv Tot Ret Strat COM 67090H102 2,543 224,087 SH   SOLE 1 224,087 0 0
Nuveen Tax-Advantaged Dividend Growth Fund COM 67073G105 2,576 184,903 SH   SOLE 1 184,903 0 0
Occidental Petroleum Corporation COM 674599105 138 1,938 SH   SOLE 1 0 0 1,938
Oneok Partners LP COM 68268N103 11,027 256,372 SH   SOLE 1 256,372 0 0
Paramount Group Inc COM 69924R108 30 1,883 SH   SOLE 1 0 0 1,883
Pattern Energy Group Inc. COM 70338P100 47,844 2,519,442 SH   SOLE 1,2 2,415,319 0 104,123
Patterson Companies Inc. COM 703395103 9,100 221,796 SH   SOLE 1 91,079 0 130,717
PayPal Holdings Inc COM 70450Y103 8,786 222,600 SH   SOLE 1 0 0 222,600
Pebblebrook Hotel Trust COM 70509V100 278,807 9,371,669 SH   SOLE 1,2 4,096,964 0 5,274,705
Pembina Pipeline Corp. COM 706327103 67,684 2,163,193 SH   SOLE 1,2 2,057,829 0 105,364
Penn Real Estate Investment Trust COM 709102107 37,865 1,997,120 SH   SOLE 1 1,997,120 0 0
Penntex Midstream Partners LP COM 709311104 4,999 333,484 SH   SOLE 1 333,484 0 0
Petroleo Brasileiro S.A. - ADR ADR 71654V408 2,886 285,473 SH   SOLE 1 285,473 0 0
Pfizer Inc. COM 717081103 23,596 726,467 SH   SOLE 1 334,467 0 392,000
PG&E Corporation COM 69331C108 157,732 2,595,563 SH   SOLE 1,2 2,463,785 0 131,778
Physicians Realty Trust COM 71943U104 266,884 14,076,141 SH   SOLE 1,2 12,095,125 0 1,981,016
PIMCO Corporate Opportunity COM 72201B101 9,014 629,933 SH   SOLE 1 611,003 0 18,930
Pimco Dynamic Credit Income COM 72202D106 19,712 974,881 SH   SOLE 1 951,649 0 23,232
Pimco Dynamic Income Fund COM 72201Y101 16,730 603,969 SH   SOLE 1 589,518 0 14,451
Pimco Income Opportunity Fund COM 72202B100 14,880 642,477 SH   SOLE 1 624,446 0 18,031
PIMCO Income Strategy Fund II COM 72201J104 16,913 1,782,192 SH   SOLE 1 1,737,101 0 45,091
Pimco Municipal Income Fund II COM 72200W106 1,016 83,173 SH   SOLE 1 82,331 0 842
Pioneer Diversified High Income COM 723653101 1,436 89,665 SH   SOLE 1 89,665 0 0
Pioneer Floating Rate Trust COM 72369J102 3,769 317,486 SH   SOLE 1 302,897 0 14,589
Pioneer High Income Trust COM 72369H106 7,774 761,438 SH   SOLE 1 743,897 0 17,541
Pioneer Municipal High Income Trust COM 723763108 326 27,493 SH   SOLE 1 27,493 0 0
Pioneer Natural Resources Company COM 723787107 4,482 24,889 SH   SOLE 1 24,889 0 0
Plains All American Pipeline LP COM 726503105 13,197 408,689 SH   SOLE 1 408,689 0 0
Potash Corp of Saskatchewan COM 73755L107 4,868 269,080 SH   SOLE 1 269,080 0 0
PPG Industries Inc. COM 693506107 12,321 130,022 SH   SOLE 1 51,244 0 78,778
Prologis Inc. COM 74340W103 1,684,640 31,912,098 SH   SOLE 1,2 18,312,773 0 13,599,325
Prudential Financial Inc. COM 744320102 9,895 95,094 SH   SOLE 1 40,191 0 54,903
PS Business Parks Inc. COM 69360J107 3,514 30,159 SH   SOLE 1,2 27,977 0 2,182
Public Storage COM 74460D109 320,397 1,433,545 SH   SOLE 1,2 673,633 0 759,912
Putnam Managed Municipal Income Trust COM 746823103 1,484 209,923 SH   SOLE 1 209,923 0 0
Putnam Premier Income Trust COM 746853100 2,230 448,600 SH   SOLE 1 448,600 0 0
QTS Realty Trust Inc. Cl-A COM 74736A103 297,622 5,994,395 SH   SOLE 1,2 5,083,022 0 911,373
Qualcomm Incorporated COM 747525103 26,319 403,666 SH   SOLE 1 154,514 0 249,152
RBS 8.625 12/29/49 CORP BOND 780097BB6 96,729 94,600,000 SH   SOLE 1 94,400,000 0 200,000
Real Estate Select Sect SPDR COM 81369Y860 1,969 64,026 SH   SOLE 1 64,026 0 0
Red Rock Resorts Inc. COM 75700L108 210,271 9,067,335 SH   SOLE 1,2 7,614,955 0 1,452,380
Regency Centers Corporation COM 758849103 154,314 2,238,053 SH   SOLE 1 628,458 0 1,609,595
Republic Services Inc. COM 760759100 70 1,224 SH   SOLE 1 0 0 1,224
Retail Properties of America COM 76131V202 34,864 2,274,206 SH   SOLE 1 1,318,663 0 955,543
Rice Energy COM 762760106 7,451 348,986 SH   SOLE 1 348,986 0 0
Rice Midstream Partners LP COM 762819100 34,445 1,401,338 SH   SOLE 1,2 1,347,553 0 53,785
Royal Bank Of Canada COM 780087102 1,952 28,811 SH   SOLE 1 26,111 0 2,700
Royal Bank of Scotland 6.6 Pfd S PFD 780097739 297 11,842 SH   SOLE 1 200 0 11,642
Royal Bank of Scotland 8 CORP BOND 780099CK1 240 250,000 SH   SOLE 1 250,000 0 0
Royal Bank of Scotland Pfd. H PFD 780097879 323 12,768 SH   SOLE 1 175 0 12,593
SBA Communications Corporation COM 78388J106 24,725 239,441 SH   SOLE 1,2 228,082 0 11,359
Semgroup Corp. COM 81663A105 49,335 1,181,678 SH   SOLE 1,2 1,147,439 0 34,239
Sempra Energy COM 816851109 140,915 1,400,188 SH   SOLE 1,2 1,347,554 0 52,634
Simon Property Group Inc. COM 828806109 3,057,181 17,207,073 SH   SOLE 1,2 10,172,023 0 7,035,050
SL Green Realty Corp. COM 78440X101 1,095,687 10,187,701 SH   SOLE 1,2 5,499,506 0 4,688,195
SOCGEN 8.25 09/29/49 CORP BOND EJ7987732 15,326 14,683,000 SH   SOLE 1 14,683,000 0 0
Source Capital Inc. COM 836144105 1,897 52,799 SH   SOLE 1 52,799 0 0
Sovran Self Storage Inc. COM 53223X107 32,736 383,960 SH   SOLE 1 353,982 0 29,978
Spdr Gold Trust COM 78463V107 2,853 26,030 SH   SOLE 1 26,030 0 0
SPDR Trust Series 1 COM 78462F103 6,504 29,097 SH   SOLE 1 29,097 0 0
Spectra Energy Corp COM 847560109 2,570 62,544 SH   SOLE 1 62,544 0 0
Spirit Realty Capital COM 84860W102 735,025 67,681,848 SH   SOLE 1,2 39,725,227 0 27,956,621
Sprague Resources COM 849343108 4,382 155,945 SH   SOLE 1 155,945 0 0
Starbucks Corporation COM 855244109 11,362 204,638 SH   SOLE 1 35,545 0 169,093
Steel Dynamics Inc. COM 858119100 12,494 351,149 SH   SOLE 1 93,026 0 258,123
Stone Harbor Emerging Market COM 86164T107 1,528 104,344 SH   SOLE 1 100,810 0 3,534
Store Capital Corp COM 862121100 331,407 13,411,861 SH   SOLE 1 6,932,850 0 6,479,011
Suburban Propane Partners LP COM 864482104 5,486 182,488 SH   SOLE 1 182,488 0 0
Sun Communities Inc. COM 866674104 723,718 9,446,783 SH   SOLE 1,2 5,331,919 0 4,114,864
Suncor Energy Inc COM 867224107 7,492 228,867 SH   SOLE 1 224,267 0 4,600
Sunoco Logistics Partners LP COM 86764L108 7,732 321,889 SH   SOLE 1 321,889 0 0
Sunoco LP COM 86765K109 264 9,800 SH   SOLE 1 9,800 0 0
Sunstone Hotel Investors Inc. COM 867892101 314,050 20,593,448 SH   SOLE 1,2 6,065,814 0 14,527,634
Tallgrass Energy GP LP COM 874696107 7,688 286,851 SH   SOLE 1 286,851 0 0
Tallgrass Energy Partners LP COM 874697105 4,456 93,899 SH   SOLE 1 93,899 0 0
Tanger Factory Outlet Center COM 875465106 59,193 1,654,352 SH   SOLE 1,2 1,427,352 0 227,000
Targa Resources Corp. COM 87612G101 68,355 1,219,106 SH   SOLE 1,2 1,148,236 0 70,870
TC Pipelines LP COM 87233Q108 11,551 196,320 SH   SOLE 1 196,320 0 0
TE Connectivity Ltd. COM H84989104 331 4,771 SH   SOLE 1 0 0 4,771
Teekay Corp. COM Y8564W103 1,982 246,876 SH   SOLE 1 246,876 0 0
Teekay Offshore Partners Lp COM Y8565J101 2,174 429,665 SH   SOLE 1 429,665 0 0
Tekla Life Sciences Investors COM 87911K100 694 40,859 SH   SOLE 1 40,859 0 0
Teleflex Inc. COM 879369106 6,849 42,500 SH   SOLE 1 24,100 0 18,400
Templeton Emerging Markets Fd COM 880191101 3,430 283,704 SH   SOLE 1 283,704 0 0
Templeton Global Income Fund COM 880198106 399 61,609 SH   SOLE 1 61,609 0 0
Tesoro Logistics LP COM 88160T107 11,327 222,935 SH   SOLE 1 222,935 0 0
The Estee Lauder Companies Inc. COM 518439104 5,393 70,500 SH   SOLE 1 0 0 70,500
The Hartford Financial Services Group Inc. COM 416515104 21,506 451,341 SH   SOLE 1 162,001 0 289,340
The Home Depot Inc. COM 437076102 6,459 48,174 SH   SOLE 1 8,572 0 39,602
The Mosaic Company COM 61945C103 3,323 113,283 SH   SOLE 1 113,283 0 0
The PNC Financial Services Group Inc. COM 693475105 22,191 189,728 SH   SOLE 1 104,526 0 85,202
The Procter & Gamble Company COM 742718109 281 3,341 SH   SOLE 1 0 0 3,341
The Walt Disney Company COM 254687106 24,230 232,486 SH   SOLE 1 99,490 0 132,996
The Williams Companies Inc. COM 969457100 114,165 3,666,199 SH   SOLE 1,2 3,473,640 0 192,559
Time Warner Inc. COM 887317303 23,487 243,317 SH   SOLE 1 101,898 0 141,419
Tortoise Energy Infrastructu COM 89147L100 4,287 139,687 SH   SOLE 1 137,962 0 1,725
Tortoise MLP Fund Inc COM 89148B101 1,954 102,421 SH   SOLE 1 102,421 0 0
TransCanada Corp. COM 89353D107 190,916 4,229,072 SH   SOLE 1 3,956,596 0 272,476
Trinseo SA COM L9340P101 6,679 112,632 SH   SOLE 1 51,332 0 61,300
Twenty-First Century Fox Inc. COM 90130A101 24,067 858,325 SH   SOLE 1 321,480 0 536,845
UDR Inc. COM 902653104 1,604,696 43,988,376 SH   SOLE 1,2 24,439,347 0 19,549,029
UMH Properties Inc. Pfd. A PFD 903002202 3,851 149,795 SH   SOLE 1 50,000 0 99,795
Union Pacific Corporation COM 907818108 146,276 1,410,837 SH   SOLE 1,2 1,391,325 0 19,512
United Parcel Service Inc. COM 911312106 197 1,717 SH   SOLE 1 0 0 1,717
United Technologies Corporation COM 913017109 9,701 88,500 SH   SOLE 1 0 0 88,500
Urstadt Biddle Prop Pr.G PFD 917286809 7,849 304,680 SH   SOLE 1 15,450 0 289,230
Vale S.A. ADR ADR 91912E105 3,038 398,623 SH   SOLE 1 398,623 0 0
Valero Energy Partners COM 91914J102 4,285 96,785 SH   SOLE 1 96,785 0 0
Van Kampen Dynamic Credit Op COM 46132R104 2,562 208,324 SH   SOLE 1 206,582 0 1,742
Vanguard S&P 500 ETF COM 922908363 1,561 7,602 SH   SOLE 1 7,602 0 0
Ventas Inc. COM 92276F100 961,800 15,383,875 SH   SOLE 1 6,712,855 0 8,671,020
Vereit Inc 3 8/1/2018 CV CORP BOND 02917TAA2 3,000 3,000,000 SH   SOLE 1 3,000,000 0 0
Verizon Communications Inc. COM 92343V104 10,412 195,063 SH   SOLE 1 128,870 0 66,193
Versum Materials Inc COM 92532W103 13 450 SH   SOLE 1 0 0 450
Vornado Realty Trust COM 929042109 874,947 8,383,126 SH   SOLE 1,2 4,444,369 0 3,938,757
Vtti Energy Partners LP COM Y9384M101 3,585 222,001 SH   SOLE 1 222,001 0 0
Wa/Clay US Infl-Lkd Opportunity & Income Fund COM 95766R104 2,537 227,744 SH   SOLE 1 227,744 0 0
Washington Real Estate Investment COM 939653101 31,483 963,067 SH   SOLE 1 963,067 0 0
Weingarten Realty Investors COM 948741103 43,987 1,229,024 SH   SOLE 1,2 985,814 0 243,210
Wells Fargo & Co. 7.5 PFD 949746804 3,154 2,650 SH   SOLE 1 2,650 0 0
Wells Fargo & Company COM 949746101 37,535 681,094 SH   SOLE 1 326,722 0 354,372
Wells Fargo Advantage Income Fund COM 94987B105 4,052 477,862 SH   SOLE 1 455,851 0 22,011
Wells Fargo Advantage Multi-Sector Fund COM 94987D101 3,279 255,588 SH   SOLE 1 238,099 0 17,489
Western Asset Global Corp. COM 95790C107 1,678 97,989 SH   SOLE 1 88,980 0 9,009
Western Asset Global High In COM 95766B109 3,182 323,683 SH   SOLE 1 308,103 0 15,580
Western Asset High Yield Defined Opportunity Fd. COM 95768B107 3,353 222,954 SH   SOLE 1 213,026 0 9,928
Western Asset Municipal Part COM 95766P108 461 30,958 SH   SOLE 1 30,958 0 0
Western Asset Premier Bond COM 957664105 963 74,388 SH   SOLE 1 74,388 0 0
Western Digital Corporation COM 958102105 18,963 279,076 SH   SOLE 1 117,216 0 161,860
Western Gas Equity Partners COM 95825R103 977 23,074 SH   SOLE 1 23,074 0 0
Western Refining Logistics LP COM 95931Q205 4,120 192,984 SH   SOLE 1 192,984 0 0
Williams Partners LP COM 96949L105 26,073 685,602 SH   SOLE 1 685,602 0 0
Wisconsin Energy Corporation COM 92939U106 87,390 1,490,032 SH   SOLE 1,2 1,349,264 0 140,768
Xcel Energy Inc. COM 98389B100 74,668 1,834,598 SH   SOLE 1,2 1,747,766 0 86,832
Zimmer Biomet Holdings Inc. COM 98956P102 15,908 154,152 SH   SOLE 1 68,504 0 85,648