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
Abbott Laboratories COM 002824100 15,855 216,127 SH   SOLE 1 84,436 0 131,691
Accenture PLC COM G1151C101 10,325 60,666 SH   SOLE 1 18,219 0 42,447
Activision Blizzard Inc. COM 00507V109 17,323 208,229 SH   SOLE 1 84,711 0 123,518
Adams Natural Resources Fund COM 00548F105 2,688 134,872 SH   SOLE 1 134,872 0 0
Adobe Systems Incorporated COM 00724F101 7,764 28,762 SH   SOLE 1 7,950 0 20,812
AGIC Convertible & Income FD II COM 018825109 4,619 753,440 SH   SOLE 1 654,606 0 98,834
AGIC Convertible & Income Fund COM 018828103 4,488 645,798 SH   SOLE 1 571,858 0 73,940
Agree Realty Corp. COM 008492100 225,132 4,238,179 SH   SOLE 1, 2 3,894,834 0 343,345
Air Products and Chemicals Inc. COM 009158106 4,775 28,584 SH   SOLE 1 27,349 0 1,235
Alaska Airgroup COM 011659109 151 2,200 SH   SOLE 1 0 0 2,200
Alcoa Corp COM 013872106 7,567 187,291 SH   SOLE 1 187,291 0 0
Alexandria Real Estate Equities COM 015271109 46,962 373,337 SH   SOLE 1 373,337 0 0
Alibaba Group Holding Ltd ADR 01609W102 47 287 SH   SOLE 1 287 0 0
AllianceBernstein Global High Income Fund COM 01879R106 3,972 340,947 SH   SOLE 1 319,864 0 21,083
Alliant Energy Corporation COM 018802108 99,954 2,347,988 SH   SOLE 1, 2 2,258,429 0 89,559
Alphabet Inc CL A COM 02079K305 28,706 23,781 SH   SOLE 1 9,995 0 13,786
Altaba Inc COM 021346101 2,723 39,976 SH   SOLE 1 39,976 0 0
Amazon.com Inc. COM 023135106 17,504 8,739 SH   SOLE 1 2,723 0 6,016
American Assets Trust Inc. COM 024013104 8,055 216,013 SH   SOLE 1 216,013 0 0
American Campus Communities COM 024835100 23,378 567,973 SH   SOLE 1 567,973 0 0
American Homes 4 Rent-CL COM 02665T306 8,756 400,000 SH   SOLE 1 381,086 0 18,914
American International Group Inc. COM 026874784 3,621 68,019 SH   SOLE 1 68,019 0 0
American Realty Capital Properties Inc. COM 92339V100 479,684 66,072,169 SH   SOLE 1, 2 40,021,239 0 26,050,930
American Tower Corporation COM 03027X100 255,768 1,760,274 SH   SOLE 1, 2 1,751,915 0 8,359
American Water Works Company Inc. COM 030420103 146,072 1,660,475 SH   SOLE 1, 2 1,607,989 0 52,486
Americold Realty Trust COM 03064D108 198,237 7,923,128 SH   SOLE 1, 2 7,043,859 0 879,269
Amphenol Corporation COM 032095101 32 336 SH   SOLE 1 336 0 0
Analog Devices Inc. COM 032654105 145 1,570 SH   SOLE 1 0 0 1,570
Andeavor Logistics LP COM 03350F106 4,844 99,753 SH   SOLE 1 99,753 0 0
Antero Midstream GP LP COM 03675Y103 59,058 3,490,404 SH   SOLE 1, 2 3,294,130 0 196,274
Antero Midstream Partners LP COM 03673L103 10,662 372,016 SH   SOLE 1 372,016 0 0
Anthem Inc. COM 036752103 24,965 91,096 SH   SOLE 1 38,334 0 52,762
Aon Plc COM G0408V102 9,624 62,586 SH   SOLE 1 16,024 0 46,562
Apartment Investment & Management Co. COM 03748R101 932,068 21,120,951 SH   SOLE 1, 2 15,276,512 0 5,844,439
Apartment Invt & Mgmt Co 6.875 Pfd A PFD 03748R762 19,360 748,920 SH   SOLE 1 467,456 0 281,464
Apple Hospitality REIT Inc COM 03784Y200 531 30,377 SH   SOLE 1 30,377 0 0
APPLE Inc. COM 037833100 12,552 55,606 SH   SOLE 1 12,593 0 43,013
Archer-Daniels-Midland Company COM 039483102 8,936 177,762 SH   SOLE 1 177,762 0 0
Archrock Inc. COM 03957W106 6,207 508,749 SH   SOLE 1 508,749 0 0
Ares Dynamic Credit Allocation COM 04014F102 1,635 105,265 SH   SOLE 1 105,265 0 0
Artista Networks Inc COM 040413106 47 178 SH   SOLE 1 178 0 0
AT&T Inc. COM 00206R102 20,537 611,580 SH   SOLE 1 257,861 0 353,719
Atmos Energy Corp. COM 049560105 136,984 1,458,673 SH   SOLE 1, 2 1,444,159 0 14,514
AvalonBay Communities Inc. COM 053484101 1,016 5,609 SH   SOLE 1 5,609 0 0
Bancroft Fund Ltd. COM 059695106 1,602 69,944 SH   SOLE 1 50,283 0 19,661
Bank of America 7.25 CV Pfd. L PFD 060505682 259 200 SH   SOLE 1 200 0 0
Bank of America Corporation COM 060505104 22,744 772,046 SH   SOLE 1 398,021 0 374,025
Berkshire Hathaway Inc. COM 084670702 1,623 7,578 SH   SOLE 1 7,578 0 0
Biogen Inc COM 09062X103 9,408 26,628 SH   SOLE 1 12,636 0 13,992
Blackrock Build America Bond COM 09248X100 272 12,827 SH   SOLE 1 0 0 12,827
Blackrock Corporate High Yield Fund 6 COM 09255P107 2,274 216,391 SH   SOLE 1 141,262 0 75,129
Blackrock Enh Cap And Inc COM 09256A109 2,658 154,515 SH   SOLE 1 154,515 0 0
Blackrock Float Rt Income St COM 09255X100 84 6,110 SH   SOLE 1 0 0 6,110
Blackrock Global Enrg & Res COM 09250U101 1,182 81,038 SH   SOLE 1 81,038 0 0
Blackrock Invt Quality Muni COM 09247D105 1,517 114,294 SH   SOLE 1 114,294 0 0
Blackrock Limited Duration Income Trust COM 09249W101 2,204 148,051 SH   SOLE 1 129,172 0 18,879
BlackRock Long-Tm Muni Adv Tst COM 09250B103 202 17,906 SH   SOLE 1 17,906 0 0
Blackrock Mun Income Trust II COM 09249N101 95 7,281 SH   SOLE 1 7,281 0 0
BlackRock Muni Income Inv Qual COM 09250G102 701 54,480 SH   SOLE 1 54,480 0 0
BlackRock Muni Target Term Tr COM 09257P105 150 7,238 SH   SOLE 1 7,238 0 0
BlackRock Municipal Bond Trust COM 09249H104 384 27,855 SH   SOLE 1 27,855 0 0
Blackrock Municipal Income Trust COM 09248F109 323 25,942 SH   SOLE 1 25,942 0 0
Blackrock Munienhanced Fund COM 09253Y100 941 93,410 SH   SOLE 1 93,410 0 0
BlackRock MuniHoldings Fd Inc COM 09253N104 462 30,970 SH   SOLE 1 30,970 0 0
Blackrock Muniholdings In Ii COM 09254C107 719 59,611 SH   SOLE 1 59,611 0 0
Blackrock Muniholdings Insur COM 09254P108 1,528 122,038 SH   SOLE 1 97,472 0 24,566
Blackrock Muniholdings Ny In COM 09255C106 907 76,006 SH   SOLE 1 76,006 0 0
Blackrock Muniholdings Quality COM 09254A101 516 44,619 SH   SOLE 1 44,619 0 0
Blackrock Munivest Fund COM 09253R105 1,499 171,319 SH   SOLE 1 171,319 0 0
Blackrock Muniyield Fund COM 09253W104 995 75,815 SH   SOLE 1 75,815 0 0
Blackrock Muniyield Insured COM 09254E103 1,897 157,013 SH   SOLE 1 139,007 0 18,006
BlackRock MuniYield Inv Qual COM 09254T100 112 8,984 SH   SOLE 1 8,984 0 0
Blackrock Muniyield Ny Insur COM 09255E102 48 4,129 SH   SOLE 1 4,129 0 0
Blackrock Muniyield Qual Ii COM 09254G108 1,266 107,795 SH   SOLE 1 107,795 0 0
Blackrock Muniyield Quality COM 09254F100 1,629 120,495 SH   SOLE 1 120,495 0 0
BlackRock NY Muni Income Trust COM 09248L106 63 5,168 SH   SOLE 1 5,168 0 0
Blackrock Resources & Commod COM 09257A108 1,036 114,207 SH   SOLE 1 114,207 0 0
BlackRock Strategic Muni Trust COM 09248T109 731 59,716 SH   SOLE 1 59,716 0 0
Boston Properties Inc. COM 101121101 647,991 5,264,371 SH   SOLE 1, 2 3,581,003 0 1,683,368
Bp Midstream Partners Lp COM 0556EL109 2,982 158,623 SH   SOLE 1 158,623 0 0
Brixmor Property Group COM 11120U105 322,136 18,397,281 SH   SOLE 1, 2 12,136,846 0 6,260,435
Broadcom Inc COM 11135F101 52 209 SH   SOLE 1 209 0 0
Buckeye Partners LP COM 118230101 23,066 645,914 SH   SOLE 1 645,914 0 0
Bunge Limited COM G16962105 10,437 151,906 SH   SOLE 1 151,906 0 0
Calamos Convertible & High Income Fund COM 12811P108 5,911 445,451 SH   SOLE 1 383,454 0 61,997
Calamos Dynamic Convertible & Income Fund COM 12811V105 3,124 143,850 SH   SOLE 1 143,850 0 0
Calamos Strat Tot Return Fd COM 128125101 731 54,387 SH   SOLE 1 54,387 0 0
Camden Property Trust COM 133131102 7,881 84,221 SH   SOLE 1 47,534 0 36,687
Caterpillar Inc. COM 149123101 23,523 154,259 SH   SOLE 1 64,330 0 89,929
CBRE Clarion Global Real Estate Income Fund COM 12504G100 2,570 352,054 SH   SOLE 1 352,054 0 0
Celanese Corporation COM 150870103 6,375 55,921 SH   SOLE 1 15,383 0 40,538
CenterPoint Energy Inc. COM 15189T107 1,534 55,464 SH   SOLE 1 55,464 0 0
CF Industries Holdings Inc. COM 125269100 6,067 111,436 SH   SOLE 1 111,436 0 0
Cheniere Energy Inc. COM 16411R208 174,368 2,509,254 SH   SOLE 1, 2 2,397,045 0 112,209
Cheniere Energy Partners LP COM 16411Q101 6,722 170,354 SH   SOLE 1 170,354 0 0
Chevron Corporation COM 166764100 17,431 142,548 SH   SOLE 1 142,548 0 0
Chubb Ltd COM H1467J104 18,025 134,875 SH   SOLE 1 65,304 0 69,571
Cia De Saneamento Basico ADR ADR 20441A102 2,260 383,099 SH   SOLE 1 383,099 0 0
Cimarex Energy Co. COM 171798101 33,737 362,999 SH   SOLE 1 249,159 0 113,840
CMS Energy Corporation COM 125896100 66,359 1,354,267 SH   SOLE 1, 2 1,304,165 0 50,102
CNX Midstream Partners LP COM 12654A101 16,309 847,196 SH   SOLE 1 847,196 0 0
Colgate-Palmolive Company COM 194162103 23,768 355,011 SH   SOLE 1 144,951 0 210,060
Columbia Selig Prem Tech Equity COM 19842X109 2,571 120,252 SH   SOLE 1 120,252 0 0
Consumer Discretionary Selt COM 81369Y407 7,536 64,293 SH   SOLE 1 64,293 0 0
Corporate Office Properties COM 22002T108 58,440 1,959,085 SH   SOLE 1, 2 1,689,734 0 269,351
Cousins Properties Inc. COM 222795106 153,257 17,239,232 SH   SOLE 1, 2 7,480,509 0 9,758,723
Crestwood Equity Partners LP COM 226344208 12,063 328,250 SH   SOLE 1 328,250 0 0
Crown Castle International Corp 6.875 Pfd A PFD 22822V309 21,931 20,300 SH   SOLE 1 20,300 0 0
Crown Castle International Corp. COM 22822V101 1,072,057 9,629,542 SH   SOLE 1, 2 6,102,581 0 3,526,961
CubeSmart COM 229663109 209,819 7,354,327 SH   SOLE 1 3,297,173 0 4,057,154
Cushman & Wakefield Plc COM G2717B108 40,368 2,376,011 SH   SOLE 1 2,306,620 0 69,391
CyrusOne Inc COM 23283R100 708,593 11,176,542 SH   SOLE 1, 2 7,710,652 0 3,465,890
Danaher Corporation COM 235851102 9,984 91,885 SH   SOLE 1 37,536 0 54,349
DCP Midstream Partners LP COM 23311P100 17,213 434,788 SH   SOLE 1 434,788 0 0
DDR Corp. COM 23317H854 405,701 30,298,794 SH   SOLE 1, 2 18,273,381 0 12,025,413
Deere & Company COM 244199105 7,922 52,700 SH   SOLE 1 52,700 0 0
Delaware Investments Dividend & Income Fund Inc COM 245915103 709 53,482 SH   SOLE 1 53,482 0 0
Delphi Automotive PLC COM G6095L109 172 2,055 SH   SOLE 1 0 0 2,055
Delta Air Lines Inc. COM 247361702 21 361 SH   SOLE 1 361 0 0
Diamondback Energy Inc COM 25278X109 1,602 11,853 SH   SOLE 1 11,853 0 0
Digital Realty Trust Inc. COM 253868103 1,354,834 12,045,110 SH   SOLE 1, 2 7,537,057 0 4,508,053
Dollar General Corporation COM 256677105 17,111 156,552 SH   SOLE 1 66,629 0 89,923
Dominion Resources Inc. COM 25746U109 1,520 21,626 SH   SOLE 1 21,626 0 0
Doubleline Income Solutions COM 258622109 4,759 235,590 SH   SOLE 1 194,011 0 41,579
Douglas Emmett Inc. COM 25960P109 176,174 4,670,563 SH   SOLE 1, 2 3,842,492 0 828,071
Dte Energy Company COM 233331107 67,652 619,924 SH   SOLE 1, 2 619,924 0 0
Duke Realty Corporation COM 264411505 182,508 6,433,138 SH   SOLE 1, 2 0 0 6,433,138
DXC Technology Company COM 23355L106 40 423 SH   SOLE 1 423 0 0
Easterly Government Properties COM 27616P103 47,067 2,429,877 SH   SOLE 1 2,429,877 0 0
Eaton Corporation plc COM G29183103 233 2,690 SH   SOLE 1 0 0 2,690
Eaton Vance Insured Muni Bnd COM 27827X101 331 28,681 SH   SOLE 1 28,681 0 0
Eaton Vance Limited Duration Fund COM 27828H105 6,363 501,805 SH   SOLE 1 454,460 0 47,345
Eaton Vance Muni Bond Fund II COM 27827K109 265 22,902 SH   SOLE 1 22,902 0 0
Eaton Vance Muni Income Trust COM 27826U108 1,851 161,248 SH   SOLE 1 161,248 0 0
Eaton Vance Senior Income Trust COM 27826S103 895 138,754 SH   SOLE 1 110,012 0 28,742
Eaton Vance Sr Fltg Rate Trust COM 27828Q105 1,931 137,333 SH   SOLE 1 129,492 0 7,841
Eaton Vance T/A Global Dividend Income COM 27828S101 4,476 250,207 SH   SOLE 1 250,207 0 0
Eaton Vance T/M Buy-Wr In COM 27828X100 1,661 99,752 SH   SOLE 1 99,752 0 0
Eaton Vance T/M Buy-Write Opportunity COM 27828Y108 1,958 121,554 SH   SOLE 1 121,554 0 0
Eaton Vance Tax Adv Global Dividend O COM 27828U106 2,932 115,906 SH   SOLE 1 115,906 0 0
Eaton Vance Tax Man Global Br COM 27829C105 2,973 247,139 SH   SOLE 1 247,139 0 0
Eaton Vance Tax-Adv Dvd. Inc. Fund COM 27828G107 14,579 594,563 SH   SOLE 1 571,486 0 23,077
Eaton Vance Tax-Managed Dividend COM 27828N102 4,327 336,981 SH   SOLE 1 297,936 0 39,045
Eaton Vance Tax-Managed Global COM 27829F108 7,474 786,756 SH   SOLE 1 786,756 0 0
Ecolab Inc. COM 278865100 12,903 82,298 SH   SOLE 1 34,232 0 48,066
Edison International COM 281020107 127,611 1,885,499 SH   SOLE 1, 2 1,824,804 0 60,695
Empire State Realty Trust COM 292104106 43,056 2,592,173 SH   SOLE 1, 2 2,235,619 0 356,554
Enable Midstream Partners LP COM 292480100 7,473 443,790 SH   SOLE 1 443,790 0 0
Enbridge Energy Mgmt LLC COM 29250X103 11,161 1,022,056 SH   SOLE 1 1,022,056 0 0
Enbridge Inc COM 29250N105 339 10,490 SH   SOLE 1 10,490 0 0
Energy Transfer LP COM 29273V100 15,723 902,064 SH   SOLE 1 902,064 0 0
Energy Transfer Partners LP COM 29278N103 61,913 2,781,341 SH   SOLE 1 2,781,341 0 0
EnLink Midstream Partners LP COM 29336U107 11,125 596,819 SH   SOLE 1 596,819 0 0
Enterprise Products Partners COM 293792107 69,514 2,419,562 SH   SOLE 1 2,419,562 0 0
Entertainment Properties Trust Pfd. E PFD 26884U307 8,298 231,000 SH   SOLE 1 231,000 0 0
EOG Resources Inc. COM 26875P101 17,533 137,439 SH   SOLE 1 81,652 0 55,787
EPR Properties COM 26884U109 259,518 3,793,569 SH   SOLE 1 1,542,165 0 2,251,404
EQT Corporation COM 26884L109 3,296 74,522 SH   SOLE 1 74,522 0 0
EQT Midstream Partners LP COM 26885B100 15,855 300,394 SH   SOLE 1 300,394 0 0
Equinix Inc. COM 29444U700 1,273,918 2,942,822 SH   SOLE 1, 2 1,816,375 0 1,126,447
Equity Commonwealth Pfd. D PFD 294628201 10,277 392,268 SH   SOLE 1 283,733 0 108,535
Equity Lifestyle Properties COM 29472R108 315,859 3,274,850 SH   SOLE 1, 2 1,751,432 0 1,523,418
Equity Residential COM 29476L107 264,101 3,985,828 SH   SOLE 1 3,089,670 0 896,158
Essex Property Trust Inc. COM 297178105 1,626,127 6,591,248 SH   SOLE 1, 2 4,126,139 0 2,465,109
Evergy Inc COM 30034W106 96,396 1,755,213 SH   SOLE 1, 2 1,709,906 0 45,307
Extended Stay America Inc. COM 30224P200 84,778 4,190,714 SH   SOLE 1, 2 3,485,017 0 705,697
Extra Space Storage Inc. COM 30225T102 690,738 7,972,512 SH   SOLE 1, 2 5,375,891 0 2,596,621
Exxon Mobil Corporation COM 30231G102 3,536 41,595 SH   SOLE 1 41,595 0 0
Facebook Inc. COM 30303M102 31,828 193,533 SH   SOLE 1 78,007 0 115,526
Federal Realty Investment Trust COM 313747206 116,459 920,843 SH   SOLE 1 6,586 0 914,257
FedEx Corporation COM 31428X106 22,477 93,346 SH   SOLE 1 27,491 0 65,855
Fiduciary/Claymore MLP Oppor COM 31647Q106 1,817 148,812 SH   SOLE 1 148,812 0 0
Financial Select Sector SPDR COM 81369Y605 11,386 412,843 SH   SOLE 1 412,843 0 0
First Trust Aberdeen Global Fund COM 337319107 1,469 152,894 SH   SOLE 1 147,800 0 5,094
First Trust Energy Income and Growth Fund COM 33738G104 12,226 550,458 SH   SOLE 1 534,581 0 15,877
First Trust MLP and Energy Inc COM 33739B104 3,108 248,221 SH   SOLE 1 248,221 0 0
First Trust New Opportunites MLP COM 33739M100 4,827 502,726 SH   SOLE 1 502,726 0 0
Firstenergy Corp. COM 337932107 147,626 3,971,633 SH   SOLE 1, 2 3,597,283 0 374,350
Flah & Crum/Claymore Preferred S I COM 338478100 5,007 274,794 SH   SOLE 1 236,634 0 38,160
Flah & Crum/Claymore Total Return Fund COM 338479108 388 20,825 SH   SOLE 1 0 0 20,825
Flaherty & Crumrine Dynamic COM 33848W106 5,258 226,643 SH   SOLE 1 188,410 0 38,233
Flaherty & Crumrine Preferred Income Fund Inc COM 338480106 792 61,014 SH   SOLE 1 61,014 0 0
FMC Corporation COM 302491303 8,902 102,110 SH   SOLE 1 102,110 0 0
Four Corners Property Trust COM 35086T109 106,397 4,141,580 SH   SOLE 1, 2 3,499,799 0 641,781
Franklin Limited Duration Income Trust COM 35472T101 2,284 224,401 SH   SOLE 1 209,168 0 15,233
Franklin Limited Dur-Rt-Wi RIGHT 353793110 21 230,401 SH   SOLE 1 215,168 0 15,233
Gabelli Dividend & Income Trust COM 36242H104 12,706 531,648 SH   SOLE 1 496,959 0 34,689
Gabelli Equity Trust COM 362397101 13,966 2,155,219 SH   SOLE 1 2,073,319 0 81,900
Gabelli Global Healthcare & WellnessRx Trust COM 36246K103 3,485 315,921 SH   SOLE 1 315,921 0 0
Gaming and Leisure Prop COM 36467J108 25,020 709,797 SH   SOLE 1, 2 468,371 0 241,426
GasLog Ltd. COM G37585109 3,616 183,065 SH   SOLE 1 183,065 0 0
GasLog Partners LP COM Y2687W108 7,278 291,102 SH   SOLE 1 291,102 0 0
General Dynamics Corporation COM 369550108 4,900 23,934 SH   SOLE 1 23,279 0 655
Genesis Energy LP COM 371927104 14,039 590,375 SH   SOLE 1 590,375 0 0
Golar LNG Ltd COM G9456A100 2,674 96,205 SH   SOLE 1 96,205 0 0
Golar LNG Partners LP COM Y2745C102 2,730 190,517 SH   SOLE 1 190,517 0 0
Goldcorp Inc COM 380956409 1,119 109,721 SH   SOLE 1 109,721 0 0
Grupo Aeroportuario PAC - ADR ADR 400506101 22,582 206,833 SH   SOLE 1, 2 162,980 0 43,853
Guggenheim Build America COM 401664107 303 14,301 SH   SOLE 1 0 0 14,301
Guggenheim Strategic Opp Fund COM 40167F101 4,033 192,027 SH   SOLE 1 192,027 0 0
HCP Inc. COM 40414L109 446,456 16,962,610 SH   SOLE 1 7,865,440 0 9,097,170
Healthcare Trust of America COM 42225P501 430,070 16,125,600 SH   SOLE 1 8,827,415 0 7,298,185
Hess Midstream Partners LP COM 428104103 23,171 1,015,820 SH   SOLE 1 996,880 0 18,940
Highwoods Properties Inc. COM 431284108 752 15,907 SH   SOLE 1 15,907 0 0
Hilton Inc. COM 43300A203 59,460 736,070 SH   SOLE 1, 2 599,777 0 136,293
Host Hotels & Resorts Inc. COM 44107P104 158,005 7,488,375 SH   SOLE 1, 2 6,700,921 0 787,454
HSBC Holdings PLC 6.20 Pfd. A PFD 404280604 2,167 84,396 SH   SOLE 1 13,542 0 70,854
Hudson Pacific Properties COM 444097109 584,769 17,871,918 SH   SOLE 1, 2 11,166,049 0 6,705,869
I Shares Gold Trust COM 464285105 44,864 3,925,145 SH   SOLE 1 3,925,145 0 0
Industrial Logistics Propert COM 456237106 126,785 5,509,995 SH   SOLE 1, 2 4,760,998 0 748,997
Ingredion Inc COM 457187102 8,097 77,140 SH   SOLE 1 77,140 0 0
Intercontinental Exchange Inc. COM 45866F104 11,435 152,691 SH   SOLE 1 49,890 0 102,801
International Business Machines Corporation COM 459200101 271 1,789 SH   SOLE 1 0 0 1,789
Invesco Van Kampen Muni Trust COM 46131J103 1,505 130,425 SH   SOLE 1 130,425 0 0
Invitation Homes Inc COM 46187W107 779,091 34,006,587 SH   SOLE 1, 2 20,308,719 0 13,697,868
Iron Mountain Incorporated COM 46284V101 224,857 6,513,831 SH   SOLE 1 6,070,835 0 442,996
iShares MSCI Emerging Market COM 464287234 5,318 123,914 SH   SOLE 1 123,914 0 0
Ishares MSCI Europe Financial COM 464289180 2,664 131,338 SH   SOLE 1 131,338 0 0
iShares Nasdaq Biotechnology COM 464287556 3,832 31,422 SH   SOLE 1 31,422 0 0
iShares U.S. Preferred Stock ETF COM 464288687 73,670 1,984,115 SH   SOLE 1 1,984,115 0 0
Japan Smaller Capitalization COM 47109U104 1,199 108,338 SH   SOLE 1 108,338 0 0
John Hancock Bank and Thrift Opportunity Fund COM 409735206 4,463 120,617 SH   SOLE 1 120,617 0 0
John Hancock Preferred Income Fund COM 41013W108 829 37,710 SH   SOLE 1 0 0 37,710
John Hancock Preferred Income III COM 41021P103 5,907 316,753 SH   SOLE 1 316,753 0 0
John Hancock T/A Dividend Income Fund COM 41013V100 9,765 418,901 SH   SOLE 1 418,901 0 0
Johnson & Johnson COM 478160104 25,427 184,026 SH   SOLE 1 81,629 0 102,397
JPMorgan Chase & Co. COM 46625H100 20,094 178,076 SH   SOLE 1 95,524 0 82,552
Kayne Anderson Acquisition-A COM 48661U102 155 15,325 SH   SOLE 1 15,325 0 0
Kayne Anderson MidstreamEnergy COM 48661E108 2,355 183,998 SH   SOLE 1 183,998 0 0
Kayne Anderson MLP Investment COM 486606106 8,162 457,229 SH   SOLE 1 457,229 0 0
Kilroy Realty Corp. COM 49427F108 762,351 10,633,998 SH   SOLE 1, 2 7,010,065 0 3,623,933
Kimco Realty Corporation COM 49446R109 638 38,090 SH   SOLE 1 38,090 0 0
Kinder Morgan Inc. COM 49456B101 202,734 11,434,538 SH   SOLE 1, 2 10,888,624 0 545,914
Knight-Swift Transportation COM 499049104 31 898 SH   SOLE 1 898 0 0
Lamar Advertising Co COM 512816109 295,217 3,794,557 SH   SOLE 1 2,011,640 0 1,782,917
Legg Mason BW Global Income COM 10537L104 4,964 456,220 SH   SOLE 1 431,519 0 24,701
Lexington Realty Trust Pfd. C PFD 529043309 9,217 186,236 SH   SOLE 1 164,231 0 22,005
Liberty Property Trust COM 531172104 145,793 3,450,717 SH   SOLE 1 3,314,018 0 136,699
Life Storage Inc. COM 53223X107 633,053 6,652,513 SH   SOLE 1, 2 4,622,080 0 2,030,433
LMP Capital And Income Fund COM 50208A102 1,683 123,205 SH   SOLE 1 123,205 0 0
Lowe's Companies Inc. COM 548661107 18,474 160,894 SH   SOLE 1 75,466 0 85,428
Macquarie Infrastruc COM 55608B105 1,117 24,216 SH   SOLE 1 24,216 0 0
Magellan Midstream Partners COM 559080106 1,109 16,379 SH   SOLE 1 16,379 0 0
Marathon Petroleum Corporation COM 56585A102 20,611 257,738 SH   SOLE 1 173,058 0 84,680
MasterCard Incorporated COM 57636Q104 25 112 SH   SOLE 1 112 0 0
Medtronic plc COM G5960L103 209 2,121 SH   SOLE 1 0 0 2,121
Merck & Co. Inc. COM 58933Y105 12,308 173,505 SH   SOLE 1 72,919 0 100,586
MFS Multimarket Income Trust COM 552737108 2,592 468,676 SH   SOLE 1 439,707 0 28,969
MGM Growth Properties LLC COM 55303A105 602 20,416 SH   SOLE 1 20,416 0 0
Microsoft Corporation COM 594918104 36,667 320,604 SH   SOLE 1 119,199 0 201,405
Mid-America Apartment Communities COM 59522J103 47,752 476,659 SH   SOLE 1 476,659 0 0
Morgan Stanley COM 617446448 7,864 168,856 SH   SOLE 1 98,104 0 70,752
Motorola Solutions Inc. COM 620076307 80 611 SH   SOLE 1 611 0 0
MPLX LP COM 55336V100 80,244 2,313,853 SH   SOLE 1 2,300,550 0 13,303
National Health Investors Inc. COM 63633D104 22,676 299,985 SH   SOLE 1 299,985 0 0
National Retail Properties COM 637417106 168,220 3,753,237 SH   SOLE 1 0 0 3,753,237
Neuberger Berman MLP Income COM 64129H104 4,576 526,579 SH   SOLE 1 526,579 0 0
Neuberger Berman Real Estate COM 64190A103 5,283 1,069,450 SH   SOLE 1 1,069,450 0 0
New America High Income Fund COM 641876800 4,616 537,992 SH   SOLE 1 443,522 0 94,470
Newmont Mining Corporation COM 651639106 7,226 239,277 SH   SOLE 1 239,277 0 0
NextEra Energy Inc. COM 65339F101 279,810 1,669,512 SH   SOLE 1, 2 1,547,325 0 122,187
Nextera Energy Partners LP COM 65341B106 2,115 43,617 SH   SOLE 1 43,617 0 0
NiSource Inc. COM 65473P105 17,865 716,890 SH   SOLE 1, 2 716,890 0 0
Noble Midstream Partners LP COM 65506L105 7,075 199,794 SH   SOLE 1 199,794 0 0
Norfolk Southern Corporation COM 655844108 149,132 826,214 SH   SOLE 1, 2 816,002 0 10,212
Northrop Grumman Corporation COM 666807102 10,086 31,781 SH   SOLE 1 0 0 31,781
Nutrien Ltd COM 67077M108 14,706 254,866 SH   SOLE 1 254,866 0 0
Nuveen Calif Div Advan Muni COM 67066Y105 861 66,550 SH   SOLE 1 66,550 0 0
Nuveen Core Equity Alpha Fund COM 67090X107 628 40,269 SH   SOLE 1 40,269 0 0
Nuveen Dividend Adv Muni Fd 3 COM 67070X101 7,979 553,694 SH   SOLE 1 531,676 0 22,018
Nuveen Dividend Advan Muni Inc COM 67071L106 3,687 253,214 SH   SOLE 1 253,214 0 0
Nuveen Dividend Advantage Muni Fd COM 67066V101 3,003 234,803 SH   SOLE 1 234,803 0 0
Nuveen Enhanced Muni Value Fd COM 67074M101 1,509 115,312 SH   SOLE 1 115,312 0 0
Nuveen Floating Rate Income COM 67072T108 90 8,667 SH   SOLE 1 0 0 8,667
Nuveen Floating Rate Income Opportunity Fund COM 6706EN100 375 36,331 SH   SOLE 1 23,192 0 13,139
Nuveen Ins T/F Adv Municipal COM 670657105 3,536 279,305 SH   SOLE 1 256,577 0 22,728
Nuveen Mtg Opportunity Term Fund COM 67074R100 1,284 55,806 SH   SOLE 1 55,806 0 0
Nuveen Multi-Strategy Income & Growth 2 COM 67073D102 7,891 990,088 SH   SOLE 1 919,920 0 70,168
Nuveen Municipal Value Fund COM 670928100 4,253 454,334 SH   SOLE 1 436,535 0 17,799
Nuveen Preferred & Income Term Fund COM 67075A106 7,125 313,864 SH   SOLE 1 292,377 0 21,487
Nuveen Preferred Income Opportunities Fund COM 67073B106 10,871 1,172,734 SH   SOLE 1 1,076,816 0 95,918
Nuveen Real Asset Inc and Grow COM 67074Y105 1,898 117,840 SH   SOLE 1 117,840 0 0
Nuveen Real Estate Income Fund COM 67071B108 4,683 477,854 SH   SOLE 1 477,854 0 0
Nuveen Short Duration Credit Fund COM 67074X107 3,585 210,365 SH   SOLE 1 200,099 0 10,266
Nuveen Tax-Adv Tot Ret Strat COM 67090H102 1,095 80,778 SH   SOLE 1 80,778 0 0
Nuveen Tax-Advantaged Dividend Growth Fund COM 67073G105 2,080 117,331 SH   SOLE 1 117,331 0 0
NXP Semiconductors N.V. COM N6596X109 18,151 212,297 SH   SOLE 1 86,169 0 126,128
Oasis Midstream Partners Lp COM 67420T206 2,660 119,447 SH   SOLE 1 119,447 0 0
Occidental Petroleum Corporation COM 674599105 33,997 413,740 SH   SOLE 1 309,032 0 104,708
Old Dominion Fght Li COM 679580100 90 557 SH   SOLE 1 557 0 0
Omega Healthcare Investors COM 681936100 187,000 5,706,438 SH   SOLE 1 972,693 0 4,733,745
Oneok Inc. COM 682680103 55,192 814,159 SH   SOLE 1, 2 762,324 0 51,835
Outfront Media Inc COM 69007J106 130,519 6,542,285 SH   SOLE 1 6,003,320 0 538,965
Palo Alto Networks Inc COM 697435105 7,578 33,643 SH   SOLE 1 9,294 0 24,349
Park Hotels & Resorts INC-WI COM 700517105 646,603 19,701,498 SH   SOLE 1, 2 13,700,181 0 6,001,317
Pebblebrook Hotel Trust COM 70509V100 377,475 10,378,746 SH   SOLE 1, 2 5,961,170 0 4,417,576
Pembina Pipeline Corp On Xnys COM 706327103 236 6,950 SH   SOLE 1 6,950 0 0
Pepsico Inc. COM 713448108 7,704 68,912 SH   SOLE 1 26,168 0 42,744
Petroleo Brasileiro S.A. - ADR ADR 71654V408 784 64,964 SH   SOLE 1 64,964 0 0
PG&E Corporation COM 69331C108 81,471 1,770,722 SH   SOLE 1, 2 1,703,237 0 67,485
Physicians Realty Trust COM 71943U104 773 45,853 SH   SOLE 1 45,853 0 0
PIMCO Corporate Opportunity COM 72201B101 8,044 450,652 SH   SOLE 1 433,215 0 17,437
Pimco Dynamic Credit Income COM 72202D106 19,803 821,031 SH   SOLE 1 777,567 0 43,464
Pimco Dynamic Income Fund COM 72201Y101 18,257 545,148 SH   SOLE 1 519,001 0 26,147
PIMCO High Income Fund COM 722014107 9,929 1,183,478 SH   SOLE 1 1,117,896 0 65,582
Pimco Income Opportunity Fund COM 72202B100 15,722 569,449 SH   SOLE 1 544,844 0 24,605
PIMCO Income Strategy Fund II COM 72201J104 15,181 1,438,957 SH   SOLE 1 1,381,197 0 57,760
PIMCO Municipal Income Fund COM 72200R107 891 68,714 SH   SOLE 1 68,714 0 0
Pioneer Diversified High Income COM 723653101 1,311 89,665 SH   SOLE 1 89,665 0 0
Pioneer Floating Rate Trust COM 72369J102 2,902 263,117 SH   SOLE 1 250,120 0 12,997
Pioneer High Income Trust COM 72369H106 4,288 463,048 SH   SOLE 1 420,873 0 42,175
Pioneer Municipal High Income Trust COM 723763108 306 27,493 SH   SOLE 1 27,493 0 0
Pioneer Natural Resources Company COM 723787107 6,493 37,276 SH   SOLE 1 37,276 0 0
Plains All American Pipeline LP COM 726503105 18,858 754,008 SH   SOLE 1 754,008 0 0
Plains GP Holdings LP COM 72651A207 30,434 1,240,678 SH   SOLE 1 1,240,678 0 0
PowerShares Preferred Portfolio COM 46138E511 36,373 2,540,045 SH   SOLE 1 2,540,045 0 0
PPL Corporation COM 69351T106 2,867 97,977 SH   SOLE 1 92,595 0 5,382
Prologis Inc. COM 74340W103 1,527,174 22,528,009 SH   SOLE 1, 2 16,508,721 0 6,019,288
Public Storage COM 74460D109 28,771 142,691 SH   SOLE 1 142,691 0 0
Putnam Managed Municipal Income Trust COM 746823103 1,880 271,609 SH   SOLE 1 271,609 0 0
Putnam Muni Opportunities Tst COM 746922103 338 29,617 SH   SOLE 1 29,617 0 0
Putnam Premier Income Trust COM 746853100 2,360 448,600 SH   SOLE 1 448,600 0 0
QTS Realty Trust Inc. 6.5 Perp PFD 74736A301 5,365 50,800 SH   SOLE 1 50,800 0 0
Realty Income Corporation COM 756109104 144,395 2,538,136 SH   SOLE 1, 2 1,869,088 0 669,048
Reaves Utility Income Fund COM 756158101 13,794 449,906 SH   SOLE 1 423,488 0 26,418
Red Rock Resorts Inc. COM 75700L108 153,329 5,753,425 SH   SOLE 1, 2 4,734,881 0 1,018,544
Regency Centers Corporation COM 758849103 707,777 10,944,435 SH   SOLE 1, 2 6,800,393 0 4,144,042
RLJ Lodging Trust COM 74965L101 370,124 16,800,896 SH   SOLE 1, 2 9,150,883 0 7,650,013
Royal Caribbean Cruises Ltd. COM V7780T103 14,887 114,569 SH   SOLE 1 57,998 0 56,571
Royce Value Trust COM 780910105 3,017 184,496 SH   SOLE 1 184,496 0 0
Sabra Healthcare Reit Inc COM 78573L106 493,080 21,326,982 SH   SOLE 1, 2 19,403,234 0 1,923,748
salesforce.com inc. COM 79466L302 59 374 SH   SOLE 1 374 0 0
SBA Communications Corporation COM 78410G104 110,604 688,563 SH   SOLE 1, 2 547,000 0 141,563
Schlumberger Ltd. COM 806857108 165 2,712 SH   SOLE 1 0 0 2,712
Shell Midstream Partners LP COM 822634101 14,888 696,358 SH   SOLE 1 696,358 0 0
Simon Property Group Inc. COM 828806109 1,316,953 7,450,937 SH   SOLE 1, 2 5,505,667 0 1,945,270
SL Green Realty Corp. COM 78440X101 537 5,505 SH   SOLE 1 5,505 0 0
Snap On Tools Corp. COM 833034101 248 1,352 SH   SOLE 1 0 0 1,352
Source Capital Inc. COM 836144105 2,946 73,698 SH   SOLE 1 73,698 0 0
Southwest Gas Holdings Inc. COM 844895102 64,850 820,573 SH   SOLE 1, 2 784,931 0 35,642
Spdr Gold Minishares Trust COM 98149E204 5,083 426,800 SH   SOLE 1 426,800 0 0
Spdr Gold Trust COM 78463V107 925 8,201 SH   SOLE 1 8,201 0 0
SPDR S&P Bank ETF COM 78464A797 2,397 51,467 SH   SOLE 1 51,467 0 0
SPDR Trust Series 1 COM 78462F103 13,138 45,192 SH   SOLE 1 45,192 0 0
Spectra Energy Partners LP COM 84756N109 2,681 75,085 SH   SOLE 1 75,085 0 0
Spirit Realty Capital COM 84860W102 49,127 6,095,107 SH   SOLE 1 6,095,107 0 0
Sprague Resources COM 849343108 4,833 179,347 SH   SOLE 1 179,347 0 0
Sprott Physical Gold And Silver Trust COM 85208R101 6,543 560,214 SH   SOLE 1 560,214 0 0
Sprott Physical Platin and Pal COM 85207Q104 1,497 170,556 SH   SOLE 1 170,556 0 0
Starbucks Corporation COM 855244109 1,858 32,690 SH   SOLE 1 27,395 0 5,295
Steel Dynamics Inc. COM 858119100 2,909 64,365 SH   SOLE 1 64,365 0 0
Stone Harbor Emerging Market COM 86164T107 1,314 100,810 SH   SOLE 1 100,810 0 0
Summit Midstream Partners Lp COM 866142102 4,275 298,917 SH   SOLE 1 298,917 0 0
Sun Communities Inc. COM 866674104 833,799 8,211,535 SH   SOLE 1, 2 5,224,458 0 2,987,077
Sunstone Hotel Investors Inc. COM 867892101 225,011 13,753,700 SH   SOLE 1, 2 6,022,567 0 7,731,133
Targa Resources Corp. COM 87612G101 105,993 1,882,318 SH   SOLE 1, 2 1,785,522 0 96,796
Taubman Centers Inc. COM 876664103 289,892 4,845,258 SH   SOLE 1, 2 4,184,053 0 661,205
TE Connectivity Ltd. COM H84989104 291 3,304 SH   SOLE 1 391 0 2,913
Tekla Healthcare Investors COM 87911J103 3,391 146,483 SH   SOLE 1 146,483 0 0
Tekla Healthcare Opportunities Fund COM 879105104 3,510 187,294 SH   SOLE 1 187,294 0 0
Tekla Life Sciences Investors COM 87911K100 3,597 176,068 SH   SOLE 1 176,068 0 0
Tekla World Healthcare Fund COM 87911L108 3,002 213,983 SH   SOLE 1 213,983 0 0
Teleflex Inc. COM 879369106 16,420 61,707 SH   SOLE 1 22,689 0 39,018
Tellurian Inc COM 87968A104 1,498 167,000 SH   SOLE 1 167,000 0 0
Templeton Emerging Markets Fd COM 880191101 5,753 392,155 SH   SOLE 1 392,155 0 0
The American Express Co. COM 025816109 11,572 108,665 SH   SOLE 1 50,513 0 58,152
The Hartford Financial Services Group Inc. COM 416515104 944 18,887 SH   SOLE 1 18,887 0 0
The Hershey Company COM 427866108 20,048 196,552 SH   SOLE 1 90,968 0 105,584
The Home Depot Inc. COM 437076102 186 896 SH   SOLE 1 0 0 896
The Macerich Company COM 554382101 14,502 262,287 SH   SOLE 1 262,287 0 0
The Mosaic Company COM 61945C103 5,979 184,070 SH   SOLE 1 184,070 0 0
The PNC Financial Services Group Inc. COM 693475105 2,179 16,001 SH   SOLE 1 14,623 0 1,378
The Procter & Gamble Company COM 742718109 162 1,941 SH   SOLE 1 0 0 1,941
The TJX Companies Inc. COM 872540109 8,301 74,099 SH   SOLE 1 34,010 0 40,089
The Walt Disney Company COM 254687106 161 1,373 SH   SOLE 1 0 0 1,373
The Williams Companies Inc. COM 969457100 19,857 730,310 SH   SOLE 1 730,310 0 0
Thermo Fisher Scientific Inc. COM 883556102 13,447 55,094 SH   SOLE 1 23,150 0 31,944
Tortoise Energy Infrastructu COM 89147L100 2,513 93,306 SH   SOLE 1 93,306 0 0
Tortoise MLP Fund Inc COM 89148B101 5,617 349,286 SH   SOLE 1 336,782 0 12,504
Tri-Continental Corp COM 895436103 1,148 41,204 SH   SOLE 1 41,204 0 0
Trinseo SA COM L9340P101 79 1,008 SH   SOLE 1 0 0 1,008
Tyson Foods Inc. COM 902494103 5,660 95,082 SH   SOLE 1 95,082 0 0
UDR Inc. COM 902653104 1,722,550 42,605,733 SH   SOLE 1, 2 26,709,737 0 15,895,996
Union Pacific Corporation COM 907818108 149,264 916,686 SH   SOLE 1, 2 886,991 0 29,695
United Parcel Service Inc. COM 911312106 6,228 53,347 SH   SOLE 1 50,622 0 2,725
Universal Health Services Inc. COM 913903100 2,742 21,447 SH   SOLE 1 19,864 0 1,583
Urban Edge Properties COM 91704F104 177,337 8,031,572 SH   SOLE 1 6,963,263 0 1,068,309
Urstadt Biddle Prop Pr.G PFD 917286809 8,090 319,569 SH   SOLE 1 62,450 0 257,119
Us Express Enterprises -Cl A COM 90338N202 3 203 SH   SOLE 1 203 0 0
Vale S.A. ADR ADR 91912E105 8,931 601,842 SH   SOLE 1 601,842 0 0
Van Kampen Dynamic Credit Op COM 46132R104 3,295 287,251 SH   SOLE 1 257,113 0 30,138
Vanguard S&P 500 ETF COM 922908363 7,484 28,023 SH   SOLE 1 28,023 0 0
Ventas Inc. COM 92276F100 88,775 1,632,502 SH   SOLE 1 1,505,076 0 127,426
Verizon Communications Inc. COM 92343V104 187 3,500 SH   SOLE 1 0 0 3,500
VICI Properties Inc. COM 925652109 537,567 24,864,335 SH   SOLE 1, 2 15,408,038 0 9,456,297
Visa Inc. COM 92826C839 30,241 201,485 SH   SOLE 1 47,677 0 153,808
Vornado Realty Trust COM 929042109 323,647 4,433,521 SH   SOLE 1, 2 2,970,739 0 1,462,782
Weingarten Realty Investors COM 948741103 459,338 15,434,746 SH   SOLE 1, 2 13,676,529 0 1,758,217
Wells Fargo & Co. 7.5 PFD 949746804 1,485 1,150 SH   SOLE 1 1,150 0 0
Wells Fargo Advantage Income Fund COM 94987B105 3,785 477,862 SH   SOLE 1 455,851 0 22,011
Wells Fargo Advantage Multi-Sector Fund COM 94987D101 3,546 291,635 SH   SOLE 1 270,334 0 21,301
Welltower Inc. COM 95040Q104 1,459,560 22,692,163 SH   SOLE 1, 2 14,666,859 0 8,025,304
Western Asset Global Corp. COM 95790C107 1,585 97,848 SH   SOLE 1 88,980 0 8,868
Western Asset Global High In COM 95766B109 3,008 330,241 SH   SOLE 1 308,103 0 22,138
Western Asset High Yield Defined Opportunity Fd. COM 95768B107 3,246 223,115 SH   SOLE 1 213,026 0 10,089
Western Asset Municipal Part COM 95766P108 895 65,049 SH   SOLE 1 65,049 0 0
Western Asset Premier Bond COM 957664105 954 74,388 SH   SOLE 1 74,388 0 0
Western Gas Equity Partners COM 95825R103 4,825 161,142 SH   SOLE 1 161,142 0 0
Western Gas Partners LP COM 958254104 13,787 315,643 SH   SOLE 1 315,643 0 0
Wisconsin Energy Corporation COM 92939U106 115,762 1,734,008 SH   SOLE 1, 2 1,638,087 0 95,921
Xcel Energy Inc. COM 98389B100 94,758 2,007,149 SH   SOLE 1, 2 1,898,216 0 108,933
Xpo Logistics Inc COM 983793100 101 888 SH   SOLE 1 888 0 0
ZEBRA TECHNOLOGIES Corp.-CL A COM 989207105 7,642 43,214 SH   SOLE 1 336 0 42,878