-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SlaYXbOg9h37pBFjzdLaBMZBo08FYc+VwM+2b30sqCpnyWKdf7zRfQ1V8FVc7jKy GnN8kEi+mO9AJSOeq40h2A== 0001284812-07-000129.txt : 20070514 0001284812-07-000129.hdr.sgml : 20070514 20070514120212 ACCESSION NUMBER: 0001284812-07-000129 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070331 FILED AS OF DATE: 20070514 DATE AS OF CHANGE: 20070514 EFFECTIVENESS DATE: 20070514 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COHEN & STEERS INC CENTRAL INDEX KEY: 0001284812 STANDARD INDUSTRIAL CLASSIFICATION: INVESTMENT ADVICE [6282] IRS NUMBER: 141904657 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-11197 FILM NUMBER: 07844889 BUSINESS ADDRESS: STREET 1: 280 PARK AVENUE 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 212 832 3232 MAIL ADDRESS: STREET 1: 280 PARK AVENUE STREET 2: 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 13F-HR 1 body13f-033107.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2007 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Cohen & Steers Capital Management Inc. Address: 280 Park Avenue 10th Floor New York, NY 10017 Form 13F File Number: 28-2405 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Robert Steers Title: Co-Chariman and Co-Chief Executive Officer Phone: (212) 832-3232 Signature, Place, and Dating of Signing: /s/ Robert Steers New York, NY May 14, 2007 - ----------------- --------------- ------------------ Report Type (Check only one.): [ ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [X] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: [If there are no entries in this list, omit this section.] Form 13F File Number Name 028-01190 FRANK RUSSELL COMPANY Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 372 Form 13F Information Table Value Total: 20,768,973 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. No. Form 13F File Number Name 01 Cohen & Steers Europe SA FORM 13F INFORMATION TABLE
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8: - -------------------------- ------- -------- ------- --------------- ------- -------- -------------------------- TITLE OF VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - -------------------------- ------- -------- ------- --------- -------- ------- -------- ------ ------- ------- 3M Co Common COM 88579Y101 1,850 24,200 SH Sole 24,200 0 Abbott Laboratories COM 002824100 2,193 39,300 SH Sole 39,300 0 ACE Ltd Common COM G0070K103 1,655 29,000 SH Sole 29,000 0 Advent Claymore Conv Sec & Inc COM 00764C109 17,098 611,500 SH Sole 611,500 0 Advent/Claymore Enh Gr & Inc COM 00765E104 5,455 274,800 SH Sole 274,800 0 AES Corp Common COM 00130H105 1,829 85,000 SH Sole 85,000 0 Aflac Inc COM 001055102 2,541 54,000 SH Sole 54,000 0 AGL Resources Inc COM 001204106 14,802 346,500 SH Sole 346,500 0 Alcoa Inc Common COM 013817101 464 13,700 SH Sole 13,700 0 Alexandria Real Estate Equitie COM 015271109 179,965 1,793,011 SH Sole 1,613,237 179,774 Allegheny Energy, Inc. COM 017361106 3,243 66,000 SH Sole 66,000 0 Alliant Energy Corp Common COM 018802108 359 8,000 SH Sole 8,000 0 Allstate Corp/The Common COM 020002101 1,658 27,600 SH Sole 27,600 0 Alpine Global Dynamic Div CEF COM 02082E106 3,424 143,605 SH Sole 143,605 0 Alpine Total Dynamic Div Fund COM 021060108 624 30,000 SH Sole 30,000 0 Altria Group Inc Common COM 02209S103 7,815 89,000 SH Sole 89,000 0 AMB Property Corp Common COM 00163T109 130,325 2,216,794 SH Sole 1,993,994 222,800 Ameren Corp Common COM 023608102 92,311 1,835,200 SH Sole 1,835,200 0 American Campus Communities In COM 024835100 73,382 2,422,632 SH Sole 2,361,132 61,500 American Financial Realty Trus COM 02607P305 639 63,442 SH Sole 63,442 0 American International Group I COM 026874107 1,694 25,200 SH Sole 25,200 0 Annaly Capital Management Common COM 035710409 56,502 3,650,000 SH Sole 3,353,500 296,500 Apartment Invt & Mgmt COM 03748R101 446,224 7,734,862 SH Sole 7,226,362 508,500 Aquila Inc COMMON COM 03840P102 939 224,600 SH Sole 224,600 0 Archer Daniels Midland Common COM 039483102 969 26,400 SH Sole 26,400 0 Archstone-Smith Trust Common COM 039583109 447,718 8,248,307 SH Sole 7,732,707 515,600 AT&T Common COM 00206R102 36,352 921,927 SH Sole 921,927 0 Atmos Energy Corp Common COM 049560105 6,584 210,500 SH Sole 210,500 0 AvalonBay Communities Inc Common COM 053484101 519,872 3,999,011 SH Sole 3,617,812 381,199 Avery Dennison Corp Common COM 053611109 1,928 30,000 SH Sole 30,000 0 Baker Hughes Inc Common COM 057224107 1,012 15,300 SH Sole 15,300 0 Bank of America Corp Common COM 060505104 9,000 176,400 SH Sole 176,400 0 Becton Dickinson Co Common COM 075887109 131 1,700 SH Sole 1,700 0 Bemis Co Common COM 081437105 2,271 68,000 SH Sole 68,000 0 BioMed Realty Trust Inc Common COM 09063H107 198,434 7,545,030 SH Sole 6,625,030 920,000 Blackrock Corp HY Fund VI CEF COM 09255P107 7,981 586,000 SH Sole 586,000 0 Blackrock Corporate High Y CEF COM 09255L106 3,069 372,900 SH Sole 372,900 0 Blackrock Corporate High Yield COM 09255N102 3,888 283,200 SH Sole 283,200 0 Blackrock Dividend Achievers CEF COM 09250N107 4,609 308,100 SH Sole 308,100 0 Blackrock Global Enrg & Res CEF COM 09250U101 13,528 484,700 SH Sole 484,700 0 Blackrock Global Opportunities COM 092501105 2,093 74,600 SH Sole 74,600 0 Blackrock Health Sciences Trus COM 09250W107 4,442 163,900 SH Sole 163,900 0 Blackrock Ltd Duration Inc Tru COM 09249W101 4,594 236,800 SH Sole 236,800 0 Blackrock Pfd & Eq Adv Tr CEF COM 092508100 830 35,000 SH Sole 35,000 0 Blackrock Real Asset Equity CEF COM 09254B109 4,411 292,100 SH Sole 292,100 0 Blackrock Strat Dvd Achv Trs CEF COM 09249Y107 5,567 367,000 SH Sole 367,000 0 Blackrock World Investment Tru COM 09250K103 396 23,500 SH Sole 23,500 0 Boeing Co Common COM 097023105 409 4,600 SH Sole 4,600 0 Boston Properties Inc Common COM 101121101 753,157 6,415,312 SH Sole 5,701,912 713,400 BP PLC Common COM 055622104 907 14,000 SH Sole 14,000 0 Brandywine Realty Trust Common COM 105368203 252,175 7,547,881 SH Sole 7,456,198 91,683 BRE Properties Inc Common COM 05564E106 308,422 4,883,962 SH Sole 4,230,662 653,300 Brookfield Properties Co Common COM 112900105 316,626 7,856,732 SH Sole 6,915,132 941,600 C&S REIT and Utility Income Fu COM 19247Y108 140 6,201 SH Sole 6,201 0 C&S Select Utility Fund CEF COM 19248A109 152 5,786 SH Sole 5,786 0 Calamos Global Total Return COM 128118106 1,028 60,000 SH Sole 60,000 0 Calamos Strat Tot Return Fd CEF COM 128125101 17,173 1,137,300 SH Sole 1,137,300 0 Camden Property Trust Common COM 133131102 203,541 2,894,911 SH Sole 2,755,611 139,300 Canadian Pacific Railway Ltd COM 13645T100 28 500 SH Sole 500 0 Capital And Inc Strat Fd Inc COM 09256A109 3,059 151,200 SH Sole 151,200 0 Carnival Corp Common COM 143658300 258 5,500 SH Sole 5,500 0 CBL & Associates Properties COM 124830100 57,116 1,273,764 SH Sole 1,074,164 199,600 Cedar Shopping Centers Inc COM 150602209 97,928 6,044,900 SH Sole 5,955,100 89,800 Chevron Corp Common COM 166764100 3,195 43,200 SH Sole 43,200 0 Citigroup Inc Common COM 172967101 8,635 168,200 SH Sole 168,200 0 Citizens Communications Co COM 17453B101 34,984 2,340,100 SH Sole 2,340,100 0 Cleco Corp Common COM 12561W105 13,101 507,200 SH Sole 507,200 0 Clough Global Allocation Fd CEF COM 18913Y103 1,865 89,600 SH Sole 89,600 0 Clough Global Equity Fund CEF COM 18914C100 3,561 176,900 SH Sole 176,900 0 Clough Global Opportunities Fu COM 18914E106 7,395 424,000 SH Sole 424,000 0 CMS Energy Corp Common COM 125896100 2,058 115,600 SH Sole 115,600 0 Coca-Cola Co/The Common COM 191216100 2,894 60,300 SH Sole 60,300 0 Colonial Properties Trust Common COM 195872106 206,682 4,525,552 SH Sole 4,411,252 114,300 Comerica Common COM 200340107 6,338 107,200 SH Sole 107,200 0 ConocoPhillips Common COM 20825C104 3,670 53,700 SH Sole 53,700 0 Consolidated Edison Inc Common COM 209115104 115,993 2,271,700 SH Sole 2,271,700 0 Constellation Energy Group Inc COM 210371100 24,955 287,000 SH Sole 287,000 0 ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8: - --------------------------- ------- --------- ------- ----------------- ------- -------- -------------------------- TITLE OF VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (X1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - --------------------------- ------- -------- ------- -------- --- ---- ------- -------- ---- ------ ------ Corporate Office Properties Tr COM 22002T108 292 6,400 SH Sole 6,400 0 Costco Wholesale Corp Common COM 22160K105 888 16,500 SH Sole 16,500 0 Countrywide Financial Corp COM 222372104 414 12,300 SH Sole 12,300 0 Cousins Properties Inc Common COM 222795106 28,651 871,912 SH Sole 781,912 90,000 Crescent Real Estate EQT Co COM 225756105 28,545 1,423,005 SH Sole 1,286,105 136,900 DCP Midstream Partners LP Common COM 23311P100 14,878 380,500 SH Sole 380,500 0 DCT Industrial Trust Common COM 233153105 137,112 11,590,241 SH Sole 11,153,441 436,800 Developers Diversified Realty COM 251591103 319,400 5,077,891 SH Sole 4,512,891 565,000 Devon Energy Corp Common COM 25179M103 1,087 15,700 SH Sole 15,700 0 Diageo PLC Common COM 25243Q205 1,433 17,700 SH Sole 17,700 0 DiamondRock Hospitality Co COM 252784301 81,341 4,281,074 SH Sole 4,223,974 57,100 Digital Realty Trust Inc Common COM 253868103 12,498 313,239 SH Sole 313,239 0 Disney Co Common COM 254687106 48 1,400 SH Sole 1,400 0 Dividend Cap Real Inc Alloc CEF COM 25537T105 6,070 392,900 SH Sole 392,900 0 Dominion Resources Inc/VA Common COM 25746U109 57,567 648,500 SH Sole 648,500 0 Douglas Emmett Common COM 25960P109 61,799 2,420,639 SH Sole 2,174,139 246,500 Dow 30 Prem & Div Inc Fund CEF COM 260582101 723 33,700 SH Sole 33,700 0 Dow Chemical Co/The Common COM 260543103 4,999 109,000 SH Sole 109,000 0 DPL Inc Common COM 233293109 10,714 344,600 SH Sole 344,600 0 DREMAN/CLAYMORE CEF COM 26153R100 5,682 262,200 SH Sole 262,200 0 DTE Energy Co Common COM 233331107 97,294 2,031,200 SH Sole 2,031,200 0 Duke Energy Corp Common COM 26441C105 175,369 8,643,120 SH Sole 8,643,120 0 Duke Realty Corp Common COM 264411505 18,831 433,200 SH Sole 433,200 0 Duncan Energy Partners Common COM 265026104 3,823 147,900 SH Sole 147,900 0 DWS Glbl Commodities Stk CEF COM 23338Y100 1,766 109,001 SH Sole 109,001 0 DWS RREEF Real Estate CEF COM 233384106 5,443 215,547 SH Sole 215,547 0 DWS RREEF Real Estate II CEF COM 23338X102 8,048 415,900 SH Sole 415,900 0 E.ON AG Common COM 268780103 59,735 1,322,738 SH Sole 1,322,738 0 EastGroup Properties Inc Common COM 277276101 99,868 1,957,036 SH Sole 1,719,336 237,700 Eastman Chemical Company Common COM 277432100 2,217 35,000 SH Sole 35,000 0 Eaton Vance Enh Eqt Inc II CEF COM 278277108 16,017 794,477 SH Sole 794,477 0 Eaton Vance Enhanced Eq Incm CEF COM 278274105 5,199 247,800 SH Sole 247,800 0 Eaton Vance Ltd Duration Inc F COM 27828H105 6,099 331,100 SH Sole 331,100 0 Eaton Vance T/M Buy-Write Inco COM 27828X100 6,779 315,600 SH Sole 315,600 0 Eaton Vance T/M Buy-Write Opp COM 27828Y108 14,131 689,000 SH Sole 689,000 0 Eaton Vance TA Gl Div & Inc CEF COM 27828S101 11,123 427,000 SH Sole 427,000 0 Eaton Vance TA GL Div Opp CEF COM 27828U106 2,723 89,500 SH Sole 89,500 0 Eaton Vance Tax Man Glbl Br CEF COM 27829C105 17,971 909,900 SH Sole 909,900 0 Eaton Vance Tax-Adv Dvd Inc CEF COM 27828G107 11,838 426,900 SH Sole 426,900 0 Eaton Vance Tax-Mgd Dvsfied Eq COM 27828N102 17,051 853,400 SH Sole 853,400 0 Edison International Common COM 281020107 46,833 953,240 SH Sole 953,240 0 Education Realty Trust Inc COM 28140H104 48,718 3,296,200 SH Sole 3,198,500 97,700 EI Du Pont de Nemours COM 263534109 4,350 88,000 SH Sole 88,000 0 Eli Lilly and Co Common COM 532457108 4,522 84,200 SH Sole 84,200 0 Energy East Corp Common COM 29266M109 8,217 337,300 SH Sole 337,300 0 Energy Income And Growth Fd CEF COM 292697109 2,762 94,400 SH Sole 94,400 0 Entergy Corp Common COM 29364G103 141,579 1,349,404 SH Sole 1,349,404 0 Enterprise Products Ptnrs Common COM 293792107 11,225 353,000 SH Sole 353,000 0 Entertainment Properties Trust COM 29380T105 77,066 1,279,100 SH Sole 1,252,800 26,300 Equitable Resources Inc Common COM 294549100 70,365 1,456,220 SH Sole 1,456,220 0 Equity Inns Inc Common COM 294703103 21,317 1,301,400 SH Sole 1,207,500 93,900 Equity Lifestyle Properties COM 29472R108 48,107 890,700 SH Sole 796,400 94,300 Equity One Inc Common COM 294752100 46,054 1,737,900 SH Sole 1,649,900 88,000 Equity Residential Common COM 29476L107 641,383 13,298,423 SH Sole 12,003,723 1,294,700 Essex Property Trust Inc Common COM 297178105 165,151 1,275,498 SH Sole 1,114,360 161,138 Evergreen Income Advantage Fun COM 30023Y105 1,940 135,000 SH Sole 135,000 0 Exelon Corp Common COM 30161N101 164,052 2,387,597 SH Sole 2,387,597 0 Extra Space Storage Inc Common COM 30225T102 145,384 7,676,044 SH Sole 6,933,644 742,400 Exxon Mobil Corp Common COM 30231G102 936 12,400 SH Sole 12,400 0 F&C / Claymore Pfd Sec Inc Fun COM 338478100 5,439 243,900 SH Sole 243,900 0 Fairpoint Communications Inc COM 305560104 35,366 1,841,000 SH Sole 1,841,000 0 Federal Realty Invs Trust Common COM 313747206 218,374 2,409,785 SH Sole 2,103,426 306,359 Fidelity National Info Service COM 31620M106 208 4,567 SH Sole 4,567 0 Fidelity National Title Group COM 31620R105 269 11,215 SH Sole 11,215 0 Fiduciary/Claymore Mlp Oppor COM 31647Q106 2,326 95,600 SH Sole 95,600 0 Fifth Third Bancorp Common COM 316773100 6,550 169,300 SH Sole 169,300 0 First Horizon National Corp COM 320517105 5,476 131,850 SH Sole 131,850 0 First Industrial Realty Trust COM 32054K103 58,170 1,284,100 SH Sole 1,284,100 0 First Potomac Realty Trust COM 33610F109 14,982 524,400 SH Sole 492,000 32,400 FirstEnergy Corp Common COM 337932107 75,663 1,142,255 SH Sole 1,142,255 0 Forest City Enterprises Inc COM 345550107 3,038 45,900 SH Sole 31,900 14,000 Fortress Investment Group COM 34958B106 1,256 43,800 SH Sole 43,800 0 FPL Group Inc Common COM 302571104 107,230 1,752,986 SH Sole 1,752,986 0 Franklin Resources Inc COM 354613101 205 1,700 SH Sole 1,700 0 Freddie Mac Common COM 313400301 1,249 21,000 SH Sole 21,000 0 Ft/Fid Asset Mgmt Cov Call COM 337318109 3,329 183,100 SH Sole 183,100 0 Gabelli Dividend & Income Tr COM 36242H104 12,106 562,808 SH Sole 562,808 0 Gabelli Equity Trust CEF COM 362397101 395 40,000 SH Sole 40,000 0 Gabelli Global Deal Fund CEF COM 36245G103 843 43,100 SH Sole 43,100 0 General Dynamics Corp Common COM 369550108 1,925 25,200 SH Sole 25,200 0 General Electric Co Common COM 369604103 5,679 160,600 SH Sole 160,600 0 General Growth Properties Inc COM 370021107 257,248 3,984,009 SH Sole 2,974,409 1,009,600 ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8: - --------------------------- ------- --------- ------- ----------------- ------- -------- -------------------------- TITLE OF VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (X1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - --------------------------- ------- --------- ------- -------- --- ---- ------- -------- ------ ------- ------ General Mills Inc Common COM 370334104 2,160 37,100 SH Sole 37,100 0 Glimcher Realty Trust Common COM 379302102 157,303 5,821,734 SH Sole 5,717,834 103,900 GlobalSantaFe Corp Common COM G3930E101 1,301 21,100 SH Sole 21,100 0 GMH Communities Trust Common COM 36188G102 29,808 2,983,813 SH Sole 2,941,133 42,680 Gramercy Capital Corp/New York COM 384871109 67,435 2,198,000 SH Sole 2,198,000 0 Harrah's Entertainment Inc COM 413619107 583 6,900 SH Sole 6,900 0 Hawaiian Electric Industries I COM 419870100 18,988 730,600 SH Sole 730,600 0 HCC Insurance Holdings Inc COM 404132102 1,688 54,800 SH Sole 54,800 0 Health Care Property Investors COM 421915109 294,254 8,166,904 SH Sole 8,115,904 51,000 Health Care REIT Inc Common COM 42217K106 224,754 5,119,670 SH Sole 5,048,241 71,429 Healthcare Realty Trust Inc COM 421946104 2,611 70,000 SH Sole 70,000 0 Hewlett-Packard Co Common COM 428236103 173 4,300 SH Sole 4,300 0 Highland Distressed Opprtnties COM 430067108 719 50,000 SH Sole 50,000 0 Highwoods Properties Inc COM 431284108 140,407 3,555,500 SH Sole 3,510,600 44,900 Hilton Hotels Corp Common COM 432848109 216,577 6,022,711 SH Sole 5,269,411 753,300 HJ Heinz Co Common COM 423074103 4,542 96,400 SH Sole 96,400 0 Home Properties Inc Common COM 437306103 261,352 4,948,911 SH Sole 4,789,746 159,165 Hospitality Properties Trust COM 44106M102 161,680 3,454,700 SH Sole 3,412,800 41,900 Host Hotels Resorts Common COM 44107P104 318,586 12,108,899 SH Sole 10,892,000 1,216,899 HRPT Properties Trust Common COM 40426W101 89,470 7,274,000 SH Sole 7,189,200 84,800 HSBC Holdings PLC Spons ADR COM 404280406 1,256 14,300 SH Sole 14,300 0 ING Clarion Global Real Estate COM 44982G104 16,127 744,913 SH Sole 744,913 0 ING Clarion Real Estate Income COM 449788108 5,103 282,700 SH Sole 282,700 0 ING Global Advntge Premium COM 44982N109 11,090 501,600 SH Sole 501,600 0 ING Global Eqty Div Premium COM 45684E107 3,997 190,500 SH Sole 190,500 0 ING Risk Managed Natural Res COM 449810100 3,991 205,100 SH Sole 205,100 0 Inland Real Estate Corp Common COM 457461200 121,711 6,636,333 SH Sole 6,416,333 220,000 Integrys Energy Group Inc Common COM 45822P105 24,524 441,800 SH Sole 441,800 0 Intel Corp Common COM 458140100 386 20,200 SH Sole 20,200 0 Intercontinental Hotels ADR COM 45857P202 470 19,012 SH Sole 19,012 0 International Business Machine COM 459200101 434 4,600 SH Sole 4,600 0 iStar Financial Inc Common COM 45031U101 160,603 3,429,500 SH Sole 3,386,700 42,800 ITC Holdings Corp Common COM 465685105 25,688 593,400 SH Sole 593,400 0 JC Penney Co Inc Common COM 708160106 1,060 12,900 SH Sole 12,900 0 John Han Bk & Thrift Opp Fd COM 409735107 12,899 1,340,900 SH Sole 1,340,900 0 John Hancock Preferred Income COM 41013X106 1,613 64,300 SH Sole 64,300 0 John Hancock Preferred Income COM 41021P103 4,433 192,000 SH Sole 192,000 0 John Hancock T/A Dvd Income COM 41013V100 10,807 533,400 SH Sole 533,400 0 Johnson & Johnson Common COM 478160104 2,163 35,900 SH Sole 35,900 0 Johnson Controls Common COM 478366107 871 9,200 SH Sole 9,200 0 JPMorgan Chase Co Common COM 46625H100 1,389 28,700 SH Sole 28,700 0 Kayne Anderson Energy Tot Rt COM 48660P104 8,536 319,332 SH Sole 319,332 0 Kayne Anderson Mlp Investmen COM 486606106 215 6,100 SH Sole 6,100 0 Kellogg Company Common COM 487836108 2,211 43,000 SH Sole 43,000 0 Keycorp Common COM 493267108 4,414 117,800 SH Sole 117,800 0 Kilroy Realty Corp Common COM 49427F108 186,717 2,531,750 SH Sole 2,241,750 290,000 Kimberly-Clark Corp Common COM 494368103 4,493 65,600 SH Sole 65,600 0 Kimco Realty Corp Common COM 49446R109 41,740 856,381 SH Sole 773,481 82,900 Kinder Morgan Energy Partners COM 494550106 13,096 248,592 SH Sole 248,592 0 Kite Realty Group Trust Common COM 49803T102 18,164 910,500 SH Sole 874,100 36,400 Kraft Foods Inc Common COM 50075N104 4,518 142,700 SH Sole 142,700 0 Legg Mason Inc Common COM 524901105 75 800 SH Sole 800 0 Leggett & Platt Common COM 524660107 4,461 196,800 SH Sole 196,800 0 Liberty All Star Equity Fund COM 530158104 5,629 662,186 SH Sole 662,186 0 Liberty Property Trust Common COM 531172104 605,767 12,433,655 SH Sole 11,886,155 547,500 Linear Technology Corp Common COM 535678106 704 22,300 SH Sole 22,300 0 Lockheed Martin Corp Common COM 539830109 1,552 16,000 SH Sole 16,000 0 Macerich Co/The Common COM 554382101 427,731 4,631,127 SH Sole 4,144,963 486,164 Mack-Cali Realty Corp Common COM 554489104 474,889 9,970,372 SH Sole 9,454,515 515,857 Macquarie Global Infr Tot Rt COM 55608D101 2,891 94,000 SH Sole 94,000 0 Macquarie/Ft Gl Int/Ut Dv In COM 55607W100 1,414 50,300 SH Sole 50,300 0 Madison/Claymore Covered Cal COM 556582104 2,749 180,270 SH Sole 180,270 0 Magellan Midstream Holdings COM 55907R108 1,050 39,800 SH Sole 39,800 0 Magellan Midstream Partners COM 559080106 2,672 57,100 SH Sole 57,100 0 Maguire Properties Inc Common COM 559775101 237,341 6,674,376 SH Sole 6,171,876 502,500 Masco Corp Common COM 574599106 3,644 133,000 SH Sole 133,000 0 McDonald's Corp Common COM 580135101 797 17,700 SH Sole 17,700 0 Medtronic Common COM 585055106 1,732 35,300 SH Sole 35,300 0 Merck and Co Inc Common COM 589331107 4,333 98,100 SH Sole 98,100 0 Microchip Technology Inc Common COM 595017104 821 23,100 SH Sole 23,100 0 Microsoft Common COM 594918104 1,040 37,300 SH Sole 37,300 0 Mid-America Apartment Comm COM 59522J103 137,095 2,436,820 SH Sole 2,279,620 157,200 Mirant Corp Common COM 60467R100 4,329 107,000 SH Sole 107,000 0 Mission West Properties Common COM 605203108 39,901 2,759,400 SH Sole 2,692,800 66,600 Monsanto Co Common COM 61166W101 1,094 19,900 SH Sole 19,900 0 Morgan Stanley Common COM 617446448 536 6,800 SH Sole 6,800 0 National City Corp Common COM 635405103 6,742 181,000 SH Sole 181,000 0 National Retail Properties COM 637417106 22,598 934,200 SH Sole 934,200 0 Nationwide Health Properties I COM 638620104 299,601 9,584,186 SH Sole 9,460,986 123,200 Neuberger Berman Dvd Adv Fd COM 64127J102 4,058 165,700 SH Sole 165,700 0 Neuberger Berman Income Opp COM 64126L108 3,961 235,100 SH Sole 235,100 0 Neuberger Berman Real Estate COM 64190A103 8,114 449,300 SH Sole 449,300 0 ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8: - --------------------------- ------- --------- ------- ----------------- ------- -------- -------------------------- TITLE OF VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (X1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - --------------------------- ------- --------- ------- -------- --- ---- ------- -------- ------ ------- ------ Neuberger Berman Realty Inc COM 64126G109 3,592 150,086 SH Sole 150,086 0 Newcastle Investment Corp COM 65105M108 166,404 6,000,876 SH Sole 5,787,776 213,100 Newell Rubbermaid Inc Common COM 651229106 2,238 72,000 SH Sole 72,000 0 NFJ Dvd Interest & Pr Strat CEF COM 65337H109 16,939 664,000 SH Sole 664,000 0 Nicholas-Applegate Conv. & Inc COM 65370G109 2232 141,700 SH Sole 141,700 0 Nicholas-Applegate Intl & Prem COM 65370C108 300 10,000 SH Sole 10,000 0 Nike Inc Common COM 654106103 1318 12,400 SH Sole 12,400 0 NiSource Inc Common COM 65473P105 4025 164,700 SH Sole 164,700 0 Nokia OYJ Common COM 654902204 364 15,900 SH Sole 15,900 0 Nordstrom Inc Common COM 655664100 709 13,400 SH Sole 13,400 0 Northeast Utilities Common COM 664397106 20491 625,300 SH Sole 625,300 0 Northrop Grumman Corp Common COM 666807102 742 10,000 SH Sole 10,000 0 NRG Energy Common COM 629377508 9797 136,000 SH Sole 136,000 0 NSTAR Common COM 67019E107 25318 720,900 SH Sole 720,900 0 Nuveen Diversified Dividend COM 6706EP105 5416 269,200 SH Sole 269,200 0 Nuveen Equity Prem & Growth COM 6706EW100 4221 213,700 SH Sole 213,700 0 Nuveen Equity Premium Income COM 6706ER101 9657 519,460 SH Sole 519,460 0 Nuveen Global Value Oppty CEF COM 6706EH103 1897 95,100 SH Sole 95,100 0 Nuveen Real Estate Income Fd COM 67071B108 6435 239,500 SH Sole 239,500 0 Nuveen Tax-Adv Tot Ret Strat COM 67090H102 2032 75,500 SH Sole 75,500 0 OGE Energy Corp Common COM 670837103 1940 50,000 SH Sole 50,000 0 Old Mutual Claymore Long-Short COM 68003N103 2919 157,100 SH Sole 157,100 0 Omega Healthcare Investors Inc COM 681936100 12809 746,900 SH Sole 667,200 79,700 Paccar Inc Common COM 693718108 404 5,500 SH Sole 5,500 0 Parkway Properties Inc/Md Common COM 70159Q104 117609 2,250,900 SH Sole 1,974,800 276,100 Paychex Inc Common COM 704326107 1409 37,200 SH Sole 37,200 0 Pennsylvania Real Estate Inves COM 709102107 12714 286,800 SH Sole 286,800 0 Pepco Holdings Inc Common COM 713291102 68777 2,370,000 SH Sole 2,370,000 0 Petro-Canada Common COM 71644E102 859 21,900 SH Sole 21,900 0 Pfizer Inc Common COM 717081103 5814 230,150 SH Sole 230,150 0 PG&E Corp Common COM 69331C108 112494 2,330,507 SH Sole 2,330,507 0 PIMCO Corporate Opportunity COM 72201B101 1411 84,700 SH Sole 84,700 0 PIMCO Global StocksPLUS & Inc COM 722011103 1369 50,000 SH Sole 50,000 0 Pinnacle West Capital Corp COM 723484101 57307 1,187,700 SH Sole 1,187,700 0 Pitney Bowes Inc Common COM 724479100 3754 82,700 SH Sole 82,700 0 Plum Creek Timber co Common COM 729251108 224564 5,696,700 SH Sole 5,085,500 611,200 PNC Financial Services Group COM 693475105 266 3,700 SH Sole 3,700 0 PNM Resources Common COM 69349H107 2258 69,900 SH Sole 69,900 0 Post Properties Inc Common COM 737464107 119052 2,603,356 SH Sole 2,359,892 243,464 PPG Industries Inc Common COM 693506107 2018 28,700 SH Sole 28,700 0 PPL Corp Common COM 69351T106 59427 1,452,978 SH Sole 1,452,978 0 Preferred Income Strategies COM 09255H105 1667 80,000 SH Sole 80,000 0 Procter Gamble Co Common COM 742718109 2059 32,600 SH Sole 32,600 0 Progress Energy Inc Common COM 743263105 110950 2,199,650 SH Sole 2,199,650 0 Prologis Common COM 743410102 387600 5,969,513 SH Sole 5,317,072 652,441 PS Business Parks Inc Common COM 69360J107 17224 244,238 SH Sole 216,642 27,596 Public Service Enterprise Grou COM 744573106 120495 1,451,043 SH Sole 1,451,043 0 Public Storage Inc Common COM 74460D109 598291 6,319,751 SH Sole 5,548,785 770,966 Public Storage Inc Series A COM 74460D729 21895 826,200 SH Sole 802,400 23,800 Questar Corp Common COM 748356102 1038 11,639 SH Sole 11,639 0 Ramco-Gershenson Properties COM 751452202 55294 1,548,400 SH Sole 1,503,600 44,800 Rayonier Inc Common COM 754907103 55295 1,285,911 SH Sole 1,159,411 126,500 Real Estate Income Fund CEF COM 50208C108 7359 297,707 SH Sole 297,707 0 Reaves Utility Inc CEF COM 756158101 4208 169,000 SH Sole 169,000 0 Regency Centers Corp Common COM 758849103 102287 1,224,267 SH Sole 1,079,918 144,349 Rio Tinto Plc ADR ADR COM 767204100 68 300 SH Sole 300 0 Royce Value Trust CEF COM 780910105 883 40,000 SH Sole 40,000 0 RR Donnelley & Sons Co Common COM 257867101 4032 110,200 SH Sole 110,200 0 Salomon Brothers Cap & Inc COM 50208A102 8688 451,559 SH Sole 451,559 0 SCANA Corp Common COM 80589M102 6778 157,000 SH Sole 157,000 0 Schlumberger LTD Common COM 806857108 898 13,000 SH Sole 13,000 0 Sempra Energy Common COM 816851109 13329 218,468 SH Sole 218,468 0 Senior Housing Prop Trust Common COM 81721M109 171985 7,195,992 SH Sole 6,726,468 469,524 Sierra Pacific Resources Common COM 826428104 1357 78,100 SH Sole 78,100 0 Simon Property Group Inc Common COM 828806109 717446 6,448,950 SH Sole 5,198,750 1,250,200 SL Green Realty Corp Common COM 78440X101 316335 2,305,989 SH Sole 2,003,500 302,489 Small Cap Prem & Div Inc Fund COM 83165P101 3588 177,200 SH Sole 177,200 0 Sonoco Products Common COM 835495102 2041 54,300 SH Sole 54,300 0 South Jersey Industries Common COM 838518108 799 21,000 SH Sole 21,000 0 Southern Union Co Common COM 844030106 1285 42,300 SH Sole 42,300 0 Sovran Self Storage Inc Common COM 84610H108 122229 2,205,900 SH Sole 2,157,000 48,900 Spectra Energy Corp Common COM 847560109 109138 4,154,460 SH Sole 4,154,460 0 Spirit Finance Corp Common COM 848568309 137366 9,219,200 SH Sole 9,092,200 127,000 Starwood Hotels & Resorts Worl COM 85590A401 255175 3,934,847 SH Sole 3,408,747 526,100 Strategic Hotel Capital Inc COM 86272T106 247075 10,803,459 SH Sole 10,047,359 756,100 Sun Communities Inc Common COM 866674104 64291 2,072,578 SH Sole 1,873,578 199,000 Sunamerica Focused Alpha Gr COM 867037103 6909 352,500 SH Sole 352,500 0 Sunstone Hotel Investors Inc COM 867892101 12941 474,700 SH Sole 430,100 44,600 Supervalu Common COM 868536103 500 12,800 SH Sole 12,800 0 Tanger Factory Outlet Centrs COM 875465106 44778 1,108,651 SH Sole 1,036,551 72,100 Targa Resources Partners LP COM 87611X105 11459 395,000 SH Sole 395,000 0 ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8: - --------------------------- ------- --------- ------- ----------------- ------- -------- -------------------------- TITLE OF VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (X1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - --------------------------- ------- --------- ------- -------- --- ---- ------- -------- ------ ------- ------ Taubman Centers Inc Common COM 876664103 88444 1,525,155 SH Sole 1,181,237 343,918 TCW Strategic Income Fund CEF COM 872340104 1299 246,900 SH Sole 246,900 0 Teco Energy Common COM 872375100 13321 774,000 SH Sole 774,000 0 Teva Pharmaceutical ADR COM 881624209 1052 28,100 SH Sole 28,100 0 The Hershey Company Common COM 427866108 1044 19,100 SH Sole 19,100 0 The Southern Co Common COM 842587107 143211 3,907,524 SH Sole 3,907,524 0 Thomas Properties Group Inc COM 884453101 10741 692,100 SH Sole 437,700 254,400 Time Warner Common COM 887317105 1213 61,500 SH Sole 61,500 0 TS&W/Claymore T/A Balanced CEF COM 87280R108 2657 170,900 SH Sole 170,900 0 TXU Corp Common COM 873168108 126603 1,975,080 SH Sole 1,975,080 0 U-Store-It Trust Common COM 91274F104 112271 5,580,054 SH Sole 5,142,421 437,633 UDR INC Common COM 902653104 240066 7,853,000 SH Sole 7,422,198 430,802 Union Pacific Corp Common COM 907818108 41 400 SH Sole 400 0 United Parcel Service Inc COM 911312106 2138 30,500 SH Sole 30,500 0 Universal Compression Partners COM 913430104 6427 208,000 SH Sole 208,000 0 Urstadt Biddle Properties Inc COM 917286205 38868 1,987,077 SH Sole 1,901,977 85,100 US Bancorp Common COM 902973304 8186 234,100 SH Sole 234,100 0 Vectren Corp Common COM 92240G101 21469 750,667 SH Sole 750,667 0 Ventas Inc Common COM 92276F100 426610 10,126,056 SH Sole 9,799,604 326,452 Verizon Communications Inc COM 92343V104 26142 689,400 SH Sole 689,400 0 Vodafone Group PLC Common COM 92857W209 322 11,987 SH Sole 11,987 0 Vornado Realty Trust Common COM 929042109 769225 6,445,661 SH Sole 5,902,824 542,837 Wachovia Corp Common COM 929903102 710 12,900 SH Sole 12,900 0 Wal-Mart de Mexico SA de CV COM 93114W107 1302 30,700 SH Sole 30,700 0 Washington Mututal Inc. Common COM 939322103 6445 159,600 SH Sole 159,600 0 Washington Real Estate Inv COM 939653101 22729 607,395 SH Sole 607,395 0 Waste Management Inc Common COM 94106L109 2123 61,700 SH Sole 61,700 0 Weingarten Realty Investors COM 948741103 41725 877,327 SH Sole 786,127 91,200 Wells Fargo & Co Common COM 949746101 2135 62,000 SH Sole 62,000 0 Western Asset Emerging Mkts COM 95766E103 778 60,000 SH Sole 60,000 0 Western Asset Gl High Inc Fund COM 95766B109 3238 230,000 SH Sole 230,000 0 Western Asset High Income Fund COM 95766J102 11912 1,055,100 SH Sole 1,055,100 0 Western Asset Managed Inc Fund COM 95766K109 3951 575,100 SH Sole 575,100 0 Western Asset Opportunity Fund COM 95766L107 6035 863,400 SH Sole 863,400 0 Weyerhaeuser Co Common COM 962166104 1487 19,900 SH Sole 19,900 0 Williams Cos Inc Common COM 969457100 1887 66,300 SH Sole 66,300 0 Windstream Corp Common COM 97381W104 12266 835,000 SH Sole 835,000 0 Wisconsin Energy Group Common COM 976657106 2377 49,000 SH Sole 49,000 0 Xcel Energy Inc Common COM 98389B100 80109 3,244,603 SH Sole 3,244,603 0 Yum! Brands Common COM 988498101 1750 30,300 SH Sole 30,300 0 Barclays Bank PLC 6.625% (BCS) ADR 06739F390 2464 92,800 SH Sole 92,800 0 HSBC Holdings PLC 6.20% (HBC A) ADR 404280604 533 21,100 SH Sole 21,100 0 Prudential PLC 6.52% (PUK A) PER G7293H189 308 12,000 SH Sole 12,000 0 Royal Bank of Scotland Group ADR 780097747 139 5,500 SH Sole 5,500 0 Royal Bank of Scotland Pfd H SPON ADR 780097879 3281 127,400 SH Sole 127,400 0 Royal Bank of Scotland Pfd N ADR 780097770 135 5,300 SH Sole 5,300 0 Teekay LNG Partners LP Common PRTNR Y8564M105 6705 179,700 SH Sole 179,700 0 Teekay Offshore Partners LP PRTNR Y8565J101 6241 215,200 SH Sole 215,200 0 Williams Partners LP Common COM UNIT 96950F104 15240 319,300 SH Sole 319,300 0 Crescent Real Estate EQT Pfd A PFD CV 225756204 53983 2,425,100 SH Sole 2,392,000 33,100 - ----------------------------------------------------------------------------------------------------------------------------------- 372 Data Records 20,768,973 Value Total 01 Other Manager on whose behalf report is filed
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