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 LABS COM 002824100 349 4,360 SH   SOLE 0 4,360 0 0
ABBVIE INC COM 00287Y109 2,867 35,580 SH   SOLE 0 35,580 0 0
ACADIA REALTY TRUST COM SH BEN TR 004239109 13,886 509,211 PRN   SOLE 0 509,211 0 0
ALEXANDRIA REAL ESTATE COM 015271109 3,282 23,020 SH   SOLE 0 23,020 0 0
ALEXANDRIA REAL ESTATE PFD D PFD CONV SER D 015271505 1,706 45,026 PRN   SOLE 0 45,026 0 0
ALPHABET INC CL A COM 02079K305 998 848 SH   SOLE 0 848 0 0
AMERICAN EAGLE OUTFITTERS INC COM 02553E106 9,552 430,857 SH   SOLE 0 430,857 0 0
AMERICAN TOWER CORP COM 03027X100 1,474 7,482 SH   SOLE 0 7,482 0 0
AMNEAL PHARMACEUTICALS, INC. CLASS A COM 03168L105 5,331 376,213 SH   SOLE 0 376,213 0 0
ANI PHARMACEUTICALS, INC. COM 00182C103 9,945 140,977 SH   SOLE 0 140,977 0 0
APPLE COMPUTER INC COM 037833100 950 5,000 SH   SOLE 0 5,000 0 0
ASGN INCORPORATED COM 00191U102 6,228 98,092 SH   SOLE 0 98,092 0 0
AT&T INC COM 00206R102 773 24,645 SH   SOLE 0 24,645 0 0
ATKORE INTERNATIONAL GROUP INC. COM 047649108 8,587 398,849 SH   SOLE 0 398,849 0 0
ATLANTIC CAPITAL BANCSHARES INC COM 048269203 197 11,047 SH   SOLE 0 11,047 0 0
ATLAS AIR WORLDWIDE HOLDINGS, INC. COM 049164205 11,235 222,218 SH   SOLE 0 222,218 0 0
AVALONBAY CMNTYS INC COM 053484101 3,082 15,355 SH   SOLE 0 15,355 0 0
AVX CORPORATION COM 002444107 10,255 591,416 SH   SOLE 0 591,416 0 0
B&G FOODS, INC COM 05508R106 6,885 281,939 SH   SOLE 0 281,939 0 0
BANNER CORP COM 06652V208 9,447 174,399 SH   SOLE 0 174,399 0 0
BELDEN, INC. COM 077454106 3,957 73,688 SH   SOLE 0 73,688 0 0
BERKSHIRE HATHAWAY CLASS B COM 084670702 235 1,170 SH   SOLE 0 1,170 0 0
BLACK HILLS CORP COM 092113109 6,949 93,815 SH   SOLE 0 93,815 0 0
BOSTON PROPERTIES INC COM 101121101 1,779 13,287 SH   SOLE 0 13,287 0 0
C&J ENERGY SERVICES, INC COM 12674R100 3,396 218,832 SH   SOLE 0 218,832 0 0
CABOT MICROELECTRONICS CORPORATION COM 12709P103 1,686 15,061 SH   SOLE 0 15,061 0 0
CACI INTERNATIONAL INC CLASS A COM 127190304 11,625 63,865 SH   SOLE 0 63,865 0 0
CADENCE BANCORPORATION CLASS A COM 12739A100 13,564 731,207 SH   SOLE 0 731,207 0 0
CALLON PETROLEUM CO COM 13123X102 11,676 1,546,514 SH   SOLE 0 1,546,514 0 0
CAMDEN PROPERTY TRUST SH BEN INT 133131102 1,303 12,840 PRN   SOLE 0 12,840 0 0
CBIZ INC COM 124805102 16,124 796,634 SH   SOLE 0 796,634 0 0
CENTERSTATE BANKS INC COM 15201P109 14,092 591,862 SH   SOLE 0 591,862 0 0
CHEESECAKE FACTORY INCORPORATED COM 163072101 4,758 97,255 SH   SOLE 0 97,255 0 0
CHEMBIO DIAGNOSTICS COM 163572209 111 20,000 SH   SOLE 0 20,000 0 0
CHEMICAL FINANCIAL CORPORATION COM 163731102 6,841 166,211 SH   SOLE 0 166,211 0 0
CHEVRON CORP NEW COM 166764100 870 7,062 SH   SOLE 0 7,062 0 0
CITIGROUP INC COM 172967424 404 6,497 SH   SOLE 0 6,497 0 0
CLOROX CO DEL COM 189054109 201 1,250 SH   SOLE 0 1,250 0 0
COLGATE PALMOLIVE CO COM 194162103 681 9,930 SH   SOLE 0 9,930 0 0
COLUMBUS MCKINNON CORPORATION COM 199333105 8,291 241,363 SH   SOLE 0 241,363 0 0
CONDUENT INC COM 206787103 4,519 326,757 SH   SOLE 0 326,757 0 0
CORESITE REALTY CORP COM 21870Q105 1,753 16,379 SH   SOLE 0 16,379 0 0
CUBESMART COM 229663109 564 17,600 SH   SOLE 0 17,600 0 0
CYPRESS SEMICONDUCTOR COM 232806109 13,350 894,803 SH   SOLE 0 894,803 0 0
DOVER CORP COM 260003108 766 8,165 SH   SOLE 0 8,165 0 0
DOWDUPONT INC COM 26078J100 342 6,415 SH   SOLE 0 6,415 0 0
DUKE ENERGY CORP COM 26441C204 609 6,767 SH   SOLE 0 6,767 0 0
EAGLE BANCORP, INC COM 268948106 12,975 258,460 SH   SOLE 0 258,460 0 0
EASTGROUP COM 277276101 695 6,228 SH   SOLE 0 6,228 0 0
EATON CORP SHS G29183103 671 8,330 PRN   SOLE 0 8,330 0 0
EMCOR GROUP INC COM 29084Q100 8,004 109,520 SH   SOLE 0 109,520 0 0
EMERGENT BIO SOLUTIONS INC. COM 29089Q105 8,354 165,353 SH   SOLE 0 165,353 0 0
EMMIS COMMUNICTNS CORP CL A COM 291525400 269 75,078 SH   SOLE 0 75,078 0 0
ENTERCOM COMM CORP CL A COM 293639100 2,548 485,382 SH   SOLE 0 485,382 0 0
ENTERPRISE FINANCIAL SERVICES COM 293712105 8,656 212,321 SH   SOLE 0 212,321 0 0
EQUITY LIFESTYLE PPTYS COM 29472R108 2,556 22,362 SH   SOLE 0 22,362 0 0
ESSEX PROPERTY TRUST COM 297178105 1,208 4,177 SH   SOLE 0 4,177 0 0
EXTRA SPACE STORAGE COM 30225T102 1,221 11,977 SH   SOLE 0 11,977 0 0
EXXON MOBIL CORP COM 30231G102 523 6,472 SH   SOLE 0 6,472 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 634 4,598 PRN   SOLE 0 4,598 0 0
FERRO CORP COM 315405100 10,203 538,975 SH   SOLE 0 538,975 0 0
FINISAR CORPORATION COM 31787A507 5,859 252,884 SH   SOLE 0 252,884 0 0
FIRST INTERSTATE BANCSYSTEM COM 32055Y201 9,632 241,897 SH   SOLE 0 241,897 0 0
FIRST REPUBLIC BANK COM 33616C100 974 9,694 SH   SOLE 0 9,694 0 0
FRIST TR EXCH TRADED FD III INSTL PFD SECS 33739P855 5,218 274,490 PRN   SOLE 0 274,490 0 0
FNB CORP COM 302520101 13,172 1,242,664 SH   SOLE 0 1,242,664 0 0
GALLAGHER ARTHUR J &CO COM 363576109 353 4,520 SH   SOLE 0 4,520 0 0
GIBRALTAR INDS INC COM 374689107 5,972 147,050 SH   SOLE 0 147,050 0 0
G-III APPAREL GROUP, LTD. COM 36237H101 12,493 312,647 SH   SOLE 0 312,647 0 0
H.B. FULLER COMPANY COM 359694106 2,498 51,366 SH   SOLE 0 51,366 0 0
HD SUPPLY HOLDINGS INC COM 40416M105 471 10,870 SH   SOLE 0 10,870 0 0
HERITAGE INSURANCE HOLDINGS, INC COM 42727J102 12,780 875,327 SH   SOLE 0 875,327 0 0
HILTON GRAND VA COM 43283X105 9,219 298,824 SH   SOLE 0 298,824 0 0
HOSTESS BRANDS, INC. CLASS A COM 44109J106 4,631 370,466 SH   SOLE 0 370,466 0 0
HUDSON PACIFIC PROPERTIES, INC. COM 444097109 1,778 51,667 SH   SOLE 0 51,667 0 0
IBERIABANK CORP COM 450828108 13,654 190,411 SH   SOLE 0 190,411 0 0
IDACORP INC COM 451107106 10,490 105,387 SH   SOLE 0 105,387 0 0
INDEPENDENCE REALTY TRUST, INC. COM 45378A106 14,477 1,341,740 SH   SOLE 0 1,341,740 0 0
INDEPENDENT BANK GROUP, INC. COM 45384B106 3,676 71,662 SH   SOLE 0 71,662 0 0
INTEL CORP COM 458140100 835 15,557 SH   SOLE 0 15,557 0 0
INVESCO EXCHNG TRADED FD TR PFD ETF 46138E511 245 16,930 PRN   SOLE 0 16,930 0 0
INVESCO EXCHNG TRADED FD TR S&P500 EQL TEC 46137V282 763 4,484 PRN   SOLE 0 4,484 0 0
INVESCO EXCHNG TRADED FD TR S&P SPIN OFF 46137V159 1,592 31,628 PRN   SOLE 0 31,628 0 0
INVITATION HOMES, INC. COM 46187W107 792 32,554 SH   SOLE 0 32,554 0 0
ISHARES TR INTL DEV RE ETF 464288489 670 22,025 PRN   SOLE 0 22,025 0 0
ISHARES TR MSCI EAFE ETF 464287465 1,123 17,310 PRN   SOLE 0 17,310 0 0
ISHARES TR RUS 2000 VAL ETF 464287648 472 2,400 PRN   SOLE 0 2,400 0 0
ISHARES TR RUS 2000 GRW ETF 464287630 307 2,560 PRN   SOLE 0 2,560 0 0
ISHARES TR RUS MID CAP ETF 464287499 358 6,640 PRN   SOLE 0 6,640 0 0
ISHARES TR PFD AND INCM SEC 464288687 740 20,253 PRN   SOLE 0 20,253 0 0
ISHARES TR U.S. REAL ES ETF 464287739 917 10,540 PRN   SOLE 0 10,540 0 0
JAGGED PEAK ENERGY, INC. COM 47009K107 8,853 845,528 SH   SOLE 0 845,528 0 0
JERNIGAN CAPITAL, INC. COM 476405105 14,415 685,126 SH   SOLE 0 685,126 0 0
JOHNSON & JOHNSON COM 478160104 1,750 12,517 SH   SOLE 0 12,517 0 0
JPMORGAN CHASE & CO COM 46625H100 972 9,597 SH   SOLE 0 9,597 0 0
KADANT INC COM 48282T104 12,510 142,226 SH   SOLE 0 142,226 0 0
KAISER ALUMINUM CORP COM 483007704 7,818 74,649 SH   SOLE 0 74,649 0 0
KILROY REALTY CORP COM 49427F108 1,004 13,212 SH   SOLE 0 13,212 0 0
KIMCO REALTY CORP COM 49446R109 685 37,020 SH   SOLE 0 37,020 0 0
KOPPERS HOLDINGS INC. COM 50060P106 5,489 211,275 SH   SOLE 0 211,275 0 0
LABORATORY CORP OF AMERICA COM 50540R409 281 1,835 SH   SOLE 0 1,835 0 0
LAMB WESTON HOLDINGS COM 513272104 432 5,758 SH   SOLE 0 5,758 0 0
LEGACYTEXAS FINANCIAL GROUP, INC. COM 52471Y106 11,039 295,233 SH   SOLE 0 295,233 0 0
LOWES COMPANIES INC COM 548661107 400 3,650 SH   SOLE 0 3,650 0 0
MACERICH CO COM 554382101 316 7,286 SH   SOLE 0 7,286 0 0
MATERION CORP COM 576690101 13,407 234,965 SH   SOLE 0 234,965 0 0
MAXIMUS, INC. COM 577933104 5,107 71,946 SH   SOLE 0 71,946 0 0
MCDERMOTT INTERNATIONAL, INC. COM 580037703 3,854 517,968 SH   SOLE 0 517,968 0 0
META FINANCIAL GROUP, INC. COM 59100U108 7,505 381,372 SH   SOLE 0 381,372 0 0
MICROSOFT CORP COM 594918104 568 4,820 SH   SOLE 0 4,820 0 0
MKS INSTRUMENT INC COM 55306N104 7,652 82,234 SH   SOLE 0 82,234 0 0
MURPHY OIL CORPORATION COM 626717102 7,114 242,788 SH   SOLE 0 242,788 0 0
MYR GROUP INC COM 55405W104 6,285 181,500 SH   SOLE 0 181,500 0 0
NATIONAL STORAGE AFFILIATES TRUST COM SHS BEN IN 637870106 12,261 430,061 PRN   SOLE 0 430,061 0 0
NEW JERSEY RESOURCES CORPORATION COM 646025106 6,132 123,157 SH   SOLE 0 123,157 0 0
NEXSTAR BROADCASTING COM 65336K103 22,038 203,362 SH   SOLE 0 203,362 0 0
NORTHSTAR RLTY EUROPE CORP COM 66706L101 6,447 371,348 SH   SOLE 0 371,348 0 0
NUVASIVE, INC. COM 670704105 5,455 96,049 SH   SOLE 0 96,049 0 0
ONE MAIN HOLDINGS COM 68268W103 11,676 367,733 SH   SOLE 0 367,733 0 0
PACIFIC PREMIER BANCORP COM 69478X105 8,088 304,875 SH   SOLE 0 304,875 0 0
PARK HOTELS & RESORTS INC COM 700517105 978 31,476 SH   SOLE 0 31,476 0 0
PATTERSON COMPANIES, INC. COM 703395103 5,215 238,657 SH   SOLE 0 238,657 0 0
PDC ENERGY COM 69327R101 7,609 187,043 SH   SOLE 0 187,043 0 0
PEBBLEBROOK HOTEL COM 70509V100 12,030 387,325 SH   SOLE 0 387,325 0 0
PENSKE AUTOMOTIVE GROUP, INC. COM 70959W103 8,752 196,005 SH   SOLE 0 196,005 0 0
PEPSICO INC COM 713448108 1,056 8,616 SH   SOLE 0 8,616 0 0
PFIZER INC COM 717081103 239 5,636 SH   SOLE 0 5,636 0 0
PHOTRONICS INC COM 719405102 3,698 391,319 SH   SOLE 0 391,319 0 0
PINNACLE FINANCIAL PARTNERS, INC. COM 72346Q104 9,397 171,784 SH   SOLE 0 171,784 0 0
PLEXUS CORP COM 729132100 5,090 83,505 SH   SOLE 0 83,505 0 0
PORTLAND GENERAL COM 736508847 7,190 138,696 SH   SOLE 0 138,696 0 0
PREFERRED BANK COM 740367404 7,260 161,430 SH   SOLE 0 161,430 0 0
PRIMERICA COM 74164M108 9,869 80,797 SH   SOLE 0 80,797 0 0
PROCTER & GAMBLE CO COM 742718109 739 7,106 SH   SOLE 0 7,106 0 0
PROGENICS PHARMA INC COM 743187106 5,319 1,146,292 SH   SOLE 0 1,146,292 0 0
PROGRESS SOFTWARE CORP COM 743312100 7,060 159,109 SH   SOLE 0 159,109 0 0
PROLOGIS COM 74340W103 2,561 35,596 SH   SOLE 0 35,596 0 0
PS BUSINESS PARKS, INC. COM 69360J107 5,181 33,036 SH   SOLE 0 33,036 0 0
PUBLIC STORAGE INC COM 74460D109 763 3,505 SH   SOLE 0 3,505 0 0
QTS REALTY TRUST INC COM CL A 74736A103 12,322 273,893 PRN   SOLE 0 273,893 0 0
QUANTA SERVICES INC. COM 74762E102 10,717 283,978 SH   SOLE 0 283,978 0 0
REGENCY CTRS CORP COM 758849103 1,106 16,385 SH   SOLE 0 16,385 0 0
RETAIL OPPORTUNITY INVESTMENTS COM 76131N101 374 21,573 SH   SOLE 0 21,573 0 0
REXFORD INDUSTRIAL REALTY COM 76169C100 17,751 495,690 SH   SOLE 0 495,690 0 0
RING ENERGY, INC. COM 76680V108 8,097 1,379,374 SH   SOLE 0 1,379,374 0 0
RUTH`S HOSPITALITY GROUP, INC. COM 783332109 9,250 361,461 SH   SOLE 0 361,461 0 0
SABRA HEALTH CARE REIT COM 78573L106 6,757 347,065 SH   SOLE 0 347,065 0 0
SCHWAB STRATEGIC TR INTL EQTY ETF 808524805 763 24,374 PRN   SOLE 0 24,374 0 0
SCHWAB STRATEGIC TR US LRG CAP ETF 808524201 7,649 113,128 PRN   SOLE 0 113,128 0 0
SCHWAB STRATEGIC TR US MID-CAP ETF 808524508 797 14,395 PRN   SOLE 0 14,395 0 0
SCHWAB STRATEGIC TR US BRD MKT ETF 808524102 1,284 18,874 PRN   SOLE 0 18,874 0 0
SCHWAB STRATEGIC TR US DIVIDEND EQ 808524797 204 3,900 PRN   SOLE 0 3,900 0 0
SCHWAB STRATEGIC TR US REIT ETF 808524847 2,299 51,751 PRN   SOLE 0 51,751 0 0
SCHWAB STRATEGIC TR US SML CAP ETF 808524607 655 9,366 PRN   SOLE 0 9,366 0 0
SERITAGE GROWTH PROPERTIES CL A 81752R100 669 15,045 PRN   SOLE 0 15,045 0 0
SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 4,187 171,025 PRN   SOLE 0 171,025 0 0
SIMON PROPERTY GROUP COM 828806109 2,229 12,234 SH   SOLE 0 12,234 0 0
SKYWEST INC COM 830879102 13,512 248,888 SH   SOLE 0 248,888 0 0
SL GREEN REALTY COM 78440X101 846 9,411 SH   SOLE 0 9,411 0 0
SOUTH JERSEY INDS INC COM 838518108 7,634 238,048 SH   SOLE 0 238,048 0 0
SOUTHERN CO COM 842587107 220 4,250 SH   SOLE 0 4,250 0 0
SOUTHWEST AIRLS CO COM 844741108 601 11,580 SH   SOLE 0 11,580 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 923 3,269 PRN   SOLE 0 3,269 0 0
SPIRE, INC COM 84857L101 8,213 99,810 SH   SOLE 0 99,810 0 0
STIFEL FINANCIAL CORP COM 860630102 8,114 153,790 SH   SOLE 0 153,790 0 0
STORE CAPITAL CORPORATION COM 862121100 1,563 46,648 SH   SOLE 0 46,648 0 0
SUN CMNTYS INC COM 866674104 1,945 16,411 SH   SOLE 0 16,411 0 0
SUNSTONE HOTEL INVESTORS COM 867892101 415 28,839 SH   SOLE 0 28,839 0 0
SYNEOS HEALTH, INC CL A 87166B102 10,923 211,026 PRN   SOLE 0 211,026 0 0
SYNNEX CORP COM 87162W100 9,659 101,253 SH   SOLE 0 101,253 0 0
TECH DATA CORPORATION COM 878237106 5,955 58,153 SH   SOLE 0 58,153 0 0
TERRAFORM PWR INC COM CL A 88104R209 6,186 450,232 PRN   SOLE 0 450,232 0 0
TIMKEN CO COM 887389104 4,282 98,156 SH   SOLE 0 98,156 0 0
TIMKEN STEEL COM 887399103 3,486 321,028 SH   SOLE 0 321,028 0 0
TOPBUILD CORP COM 89055F103 14,965 230,869 SH   SOLE 0 230,869 0 0
TOWER INTERNATIONAL, INC COM 891826109 4,314 205,126 SH   SOLE 0 205,126 0 0
TRIUMPH BANCORP, INC. COM 89679E300 8,788 298,998 SH   SOLE 0 298,998 0 0
UMPQUA HOLDINGS CORP COM 904214103 7,773 471,115 SH   SOLE 0 471,115 0 0
UNILEVER NV N Y SHS NEW 904784709 350 6,000 PRN   SOLE 0 6,000 0 0
UNION BANKSHARES CORPORATION COM 90539J109 14,071 435,238 SH   SOLE 0 435,238 0 0
UNISYS CORPORATION COM 909214306 8,189 701,712 SH   SOLE 0 701,712 0 0
UDR INC COM 902653104 450 9,900 SH   SOLE 0 9,900 0 0
VENTAS INC COM 92276F100 682 10,691 SH   SOLE 0 10,691 0 0
VERINT SYS INC COM 92343X100 10,271 171,586 SH   SOLE 0 171,586 0 0
VERIZON COMMUNICATIONS COM 92343V104 590 9,978 SH   SOLE 0 9,978 0 0
VORNADO REALTY TRUST SH BEN INT 929042109 770 11,422 PRN   SOLE 0 11,422 0 0
WALT DISNEY CO COM 254687106 721 6,493 SH   SOLE 0 6,493 0 0
WELLTOWER INC COM 95040Q104 1,544 19,903 SH   SOLE 0 19,903 0 0
WESCO AIRCRAFT HOLDINGS, INC. COM 950814103 4,977 566,205 SH   SOLE 0 566,205 0 0
WILLIAMS SONOMA INC COM 969904101 5,126 91,104 SH   SOLE 0 91,104 0 0
WINTRUST FINL CORP COM 97650W108 7,210 107,079 SH   SOLE 0 107,079 0 0
WOLVERINE WORLD WIDE, INC. COM 978097103 10,590 296,379 SH   SOLE 0 296,379 0 0