-----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, Vos0+0eN5h0CF+imhmJKAoEbxMa3/U+swu/eAsN3vXJhHOpJhFWLm+hpiu85b62l 2ejaxNbSEZYzIZKOLeVYLQ== 0001033984-07-000003.txt : 20070213 0001033984-07-000003.hdr.sgml : 20070213 20070213110734 ACCESSION NUMBER: 0001033984-07-000003 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20061231 FILED AS OF DATE: 20070213 DATE AS OF CHANGE: 20070213 EFFECTIVENESS DATE: 20070213 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ING CLARION REAL ESTATE SECURITIES/N L.P. CENTRAL INDEX KEY: 0001033984 IRS NUMBER: 232802869 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-06044 FILM NUMBER: 07606806 BUSINESS ADDRESS: STREET 1: 259 RADNOR CHESTER RD STREET 2: SUITE 205 CITY: RADNOR STATE: PA ZIP: 19087 BUSINESS PHONE: 6109952500 MAIL ADDRESS: STREET 1: 259 NORTH RADNOR CHESTER ROAD STREET 2: SUITE 205 CITY: RADNOR STATE: PA ZIP: 19087 FORMER COMPANY: FORMER CONFORMED NAME: CLARION CRA SECURITIES DATE OF NAME CHANGE: 20000811 FORMER COMPANY: FORMER CONFORMED NAME: CRA REAL ESTATE SECURITIES LP/PA DATE OF NAME CHANGE: 19980227 13F-HR 1 inftable.txt FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Centro Properties Group COM 6037745 176558 24615535 SH SOLE 3136661 32600 21446274 Challenger Diversified Propert COM B1FH0M4 3015 3575500 SH SOLE 2821400 754100 Commonwealth Property Office COM 6150664 73817 63708900 SH SOLE 439100 63269800 DB RREEF Trust COM B033YN6 165259 118121484SH SOLE 39169241 65600 78886643 FKP Property Group COM 6349699 1660 320000 SH SOLE 320000 GPT Group COM 6365866 442569 100266487SH SOLE 13265581 105200 86895706 Galileo Japan Trust COM B1KN9P3 9190 11000000 SH SOLE 9031900 1968100 Galileo Shopping America COM B04SF60 75511 77887167 SH SOLE 1100000 76787167 Investa Property Group COM 6954145 268181 135555349SH SOLE 49848894 117400 85589055 Lend Lease Corporation Ltd COM 6512004 2716 186900 SH SOLE 85400 101500 Macquarie CountryWide Trust COM 6225595 138229 83114973 SH SOLE 25385901 76100 57652972 Macquarie DDR Trust COM 6712343 81407 77948200 SH SOLE 4100000 73848200 Macquarie Goodman Group COM B03FYZ4 253168 42262680 SH SOLE 18823790 62100 23376790 Macquarie Office Trust COM 6703994 71370 58797700 SH SOLE 84600 58713100 Macquarie Prologis Trust COM 6616274 46175 46679600 SH SOLE 32963100 13716500 Mirvac Group COM 6161978 130800 29686381 SH SOLE 4488881 21200 25176300 Multiplex Group COM 6715245 2091 665000 SH SOLE 665000 Reckson New York Property Trus COM B0LKY95 21952 24866452 SH SOLE 24866452 Stockland COM 6850856 236549 36245353 SH SOLE 2022994 18200 34204159 Tishman Speyer Office Fund COM B04NW19 61728 31451800 SH SOLE 155700 31296100 Valad Property Group COM 6570121 1121 897600 SH SOLE 346000 551600 Westfield Group COM B01BTX7 1097222 66319971 SH SOLE 14330880 55100 51933991 Boardwalk Real Estate Investme COM 096631106 62515 1761900 SH SOLE 1761900 CROMBIE Real Estate Inv Trust COM 227107307 5586 500000 SH SOLE 500000 Calloway Real Estate Inv Tr 14 COM 131253304 18153 765400 SH SOLE 590500 174900 Calloway Real Estate Investmen COM 131253205 55143 2325000 SH SOLE 498900 4700 1821400 Can Hotel Inc Property Trust COM 2248400 13691 1067100 SH SOLE 287100 780000 Canadian Apartment Properties COM 134921105 8302 520000 SH SOLE 520000 Canadian Apartment Realty 144A COM 134921105 31730 1987300 SH SOLE 1987300 Cominar REIT COM 199910100 10826 559900 SH SOLE 39700 520200 Crombie Real Estate Investment COM 227107109 4018 359700 SH SOLE 359700 Dundee Real Estate Investment COM 265270108 66227 1994000 SH SOLE 1246100 5700 742200 Dundee Real Estate Investment COM 265270108 18025 542700 SH SOLE 346800 195900 H&R Real Estate Investment-UTS COM 403925100 61309 2961600 SH SOLE 1127600 1834000 Innvest Real Estate Investment COM 45771T108 77618 6545200 SH SOLE 2295700 4249500 Innvest Real Estate Investment COM 45771T108 5218 440000 SH SOLE 440000 Primaris Retail Real Estate COM 74157U109 40440 2492600 SH SOLE 248300 2244300 Primaris Retail Real Estate - COM 74157U307 11357 700000 SH SOLE 700000 Retirement Residences REIT - 1 COM 76130C106 6261 879900 SH SOLE 879900 RioCan Real Estate Investment COM 766910103 197805 9152500 SH SOLE 4045900 10000 5096600 Sunrise Senior Living RE Speci COM 86770Q604 27005 2948000 SH SOLE 1566100 13200 1368700 Sunrise Senior Living Real Est COM 86770Q109 32035 3497100 SH SOLE 3497100 Sunrise Senior Living Real Est COM 86770Q208 6330 691000 SH SOLE 691000 PSP Swiss Property AG COM B012877 1634 28500 SH SOLE 28500 Beni Stabili COM 5808135 12163 7629160 SH SOLE 4073960 32600 3522600 Cofinimmo COM 4177988 38720 192928 SH SOLE 192928 Conwert Inmobilien Invest AG COM 7517882 24076 1113300 SH SOLE 607300 4200 501800 Corio NV COM 4929286 77826 953465 SH SOLE 137380 816085 Dawnay Day Treveria Plc COM B0RFL71 19463 11903300 SH SOLE 6467300 56500 5379500 Deutsche Wohnen AG-BR COM B0YZ0Z5 13752 207175 SH SOLE 112740 1050 93385 Deutsche Wohnen AG-REG COM 5812200 656 9500 SH SOLE 1500 8000 Develica Deutscheland Ltd COM B151M86 12808 10224124 SH SOLE 6512900 36124 3675100 Dic Asset AG COM 7586707 11151 276180 SH SOLE 159700 1400 115080 EuroCastle Investment Ltd COM B0TRNT1 20315 399119 SH SOLE 399119 Eurocommercial Properties COM 4798271 25442 510286 SH SOLE 439901 70385 IVG Immobilien AG COM 5740378 9744 223785 SH SOLE 125185 1200 97400 Klepierre COM 7582556 144018 763749 SH SOLE 240340 2100 521309 Nieuwe Steen Investments NV COM 5436064 56808 1926669 SH SOLE 1208730 717939 Northern European Properties COM B1G3KL0 19774 14995500 SH SOLE 9284300 66700 5644500 Patrizia Immobilien AG COM B11Y3K8 12052 412800 SH SOLE 230500 2600 179700 Prologis European Properties` COM B1FL0G0 29509 1491900 SH SOLE 1074400 4700 412800 Rodamco Continental Europe NV COM 5727360 304735 2292615 SH SOLE 879735 2800 1410080 Sponda OYJ COM 5472563 44556 2815762 SH SOLE 1924412 9500 881850 Ste De La Tour Eiffel COM 4900140 164375 913217 SH SOLE 519215 700 393302 Unibail COM 7076242 317279 1299882 SH SOLE 681127 1655 617100 Vastned Offices/Industrial COM 4927172 65576 1671578 SH SOLE 67900 1603678 Vastned Retail COM 4927194 179223 1765114 SH SOLE 598411 1300 1165403 Warehouses De Pauw Sca COM 5710360 2235 34000 SH SOLE 34000 Wereldhave COM 4948623 162749 1223200 SH SOLE 969800 253400 Yatra Capital COM B1FBT07 3557 240000 SH SOLE 139300 100700 Atlas Estate Limited COM B0WDBP8 6838 1125306 SH SOLE 694100 4406 426800 Big Yellow Group PLC COM 0286941 766 55500 SH SOLE 55500 British Land Co COM 0136701 184553 5501600 SH SOLE 3739900 20600 1741100 Capital and Regional COM 0174154 25676 850788 SH SOLE 473292 4300 373196 Derwent London PLC COM 0265274 40377 983822 SH SOLE 550122 5100 428600 Great Portland Estates PLC COM B01FLL1 64293 4736900 SH SOLE 3132400 18600 1585900 Hammerson COM 0406501 121156 3925474 SH SOLE 2722746 13800 1188928 Helical Bar PLC COM B0FYMT9 680 73300 SH SOLE 73300 Hirco PLC COM B1HYQS1 3366 400000 SH SOLE 199400 200600 ING UK Real Estate Income Tr COM B0LCW20 38711 16762000 SH SOLE 15495600 1266400 Insight Foundation Property Tr COM B01HM14 13288 4920000 SH SOLE 4920000 Ishaan Real Estate Plc COM B1FW331 3118 1517300 SH SOLE 918400 598900 Kenmore European Industrial La COM BICH317 1226 555556 SH SOLE 555556 Land Securities Group COM 3180943 280902 6178519 SH SOLE 4355413 21200 1801906 Liberty International COM 0683434 20584 753400 SH SOLE 753400 Mapeley Ltd COM B0BHCR0 13022 167595 SH SOLE 119735 600 47260 Shaftesbury PLC COM 0799096 769 50100 SH SOLE 8000 42100 Slough Estates COM 0814104 100823 6558340 SH SOLE 5464940 11000 1082400 Unite Group PLC COM 0692861 656 61300 SH SOLE 61300 Agile Property Holdings Ltd COM B0PR2F4 46407 49441000 SH SOLE 43779900 5661100 Associate InternationalHotels COM 6058490 35 30000 SH SOLE 30000 Champion Reit COM B14WZ47 45386 93878099 SH SOLE 20887449 72990650 Cheung Kong Holdings Ltd COM 6190273 48066 3904100 SH SOLE 2059200 1844900 China Overseas Land & Investme COM 6192150 17435 12988000 SH SOLE 12988000 Chinese Estates Holdings Ltd COM 6191180 273 225000 SH SOLE 225000 Fortune REIT COM 6677174 6378 8407770 SH SOLE 244000 8163770 Guangzhou R&F Properties Co., COM B19H8Y8 12233 5663200 SH SOLE 2982500 76000 2604700 Hang Lung Group Ltd COM 6408352 15628 5139080 SH SOLE 2507180 68000 2563900 Hang Lung Properties Ltd COM 6030506 22649 9033000 SH SOLE 9033000 Hopson Development Holdings COM 6116246 255 90000 SH SOLE 90000 Kerry Properties Ltd COM 6486314 42983 9196500 SH SOLE 4988800 80000 4127700 Link Reit COM B0PB4M7 47425 23052300 SH SOLE 8614200 14438100 Shanghai Jin Jiang Intl HO-H COM B1JXKZ1 959 2000000 SH SOLE 287000 1713000 Shanghai Real Estate Ltd. COM 6201830 496 1434000 SH SOLE 1434000 Shui On Land Ltd COM B16NHT7 22493 25764000 SH SOLE 15714400 10049600 Sun Hung Kai Properties Ltd COM 6859927 157387 13699399 SH SOLE 8516000 55000 5128399 Tian Teck Land COM 6058467 28 60000 SH SOLE 60000 Japan Excellent Inc. COM B15T1R2 470 74 SH SOLE 74 Japan Hotel and Resort Inc COM B0XPSY1 3915 681 SH SOLE 45 636 Japan Logistics Fund Inc COM B07NL19 51963 5733 SH SOLE 1762 3971 Japan Real Estate Toshi Hojin COM 6397580 730 68 SH SOLE 10 58 Japan Retail Fund Investment COM 6513342 73355 9011 SH SOLE 4227 4784 Kenedix Realty Investment Co COM B0C5Q59 11439 1984 SH SOLE 1064 920 Mitsubishi Estate Co Ltd COM 6596729 215270 8328100 SH SOLE 5119100 29000 3180000 Mitsui Fudosan Co Ltd COM 6597603 187575 7693800 SH SOLE 4676800 38000 2979000 NTT Urban Development Corp COM B031SG1 1457 755 SH SOLE 435 320 Nippon Accommodations Fund COM B182BB2 27686 3753 SH SOLE 262 3491 Nippon Building Fund COM 6396800 90566 6830 SH SOLE 2960 3870 Nomura Real Estate Holdings In COM B1CWJM5 303 9200 SH SOLE 9200 Sumitomo Realty and Developmen COM 6858902 88509 2760800 SH SOLE 1477300 29000 1254500 Tokyo Tatemono Co Ltd COM 6895426 334 30000 SH SOLE 30000 Tokyu Land Corp COM 6895084 687 73000 SH SOLE 73000 Tokyu Reit Inc COM 6687203 1012 116 SH SOLE 42 74 SP Setia Berhad COM 6868774 419 290000 SH SOLE 290000 Norwegian Property ASA COM B15KGC5 21321 2042300 SH SOLE 1118300 4400 919600 Kiwi Income Property Trust COM 6495172 41275 38012000 SH SOLE 38012000 Macquarie Goodman Property Tru COM 6299192 7107 7000000 SH SOLE 7000000 Ayala Land Inc COM 6055112 1011 3249000 SH SOLE 1493000 1756000 Castellum COM B0XP0T0 44577 3342900 SH SOLE 1783500 16200 1543200 Ascendas Real Estate Inv Trt COM 6563875 50048 28760000 SH SOLE 2739000 26021000 Ascott Residence Trust COM B10SSL7 74 71000 SH SOLE 71000 CDL Hospitality COM B192HG8 475 436000 SH SOLE 436000 Capitacommercial Trust COM B011YD2 34554 20235200 SH SOLE 3144900 17090300 Capitaland Ltd COM 6309303 49349 12212300 SH SOLE 6873000 5339300 Capitamall Trust COM 6420129 68635 36187600 SH SOLE 8519700 27667900 Capitaretail China Trust COM B1HL3P8 4238 3096000 SH SOLE 1602000 96000 1398000 City Devs Ltd COM 6197928 17177 2075182 SH SOLE 1122382 952800 Low Keng Huat Singapore Ltd COM 6530965 117 150000 SH SOLE 150000 Macquarie MEAG Prime Reit COM B0HZGR6 8640 11330000 SH SOLE 6705600 4624400 Mapletree Logistics Trust COM B0D6P43 2132 2749000 SH SOLE 2376000 373000 Suntec REIT COM B04PZ72 24412 20580000 SH SOLE 20580000 The Ascott Group Ltd COM 6837677 1976 1883000 SH SOLE 1419000 464000 Central Pattana Public Co., Lt COM B013L59 902 1410000 SH SOLE 691000 719000 AMB Property Corp. COM 00163T109 164809 2811955 SH SOLE 1097840 3400 1710715 Acadia Realty Trust COM 004239109 16838 673000 SH SOLE 426950 246050 American Campus Communities COM 024835100 25572 898200 SH SOLE 898200 Apartment Investment and Manag COM 03748R101 88394 1577900 SH SOLE 259800 1318100 Archstone-Smith Trust COM 039583109 439232 7545640 SH SOLE 3326790 9100 4209750 AvalonBay Communities Inc COM 053484101 265905 2044638 SH SOLE 981628 3550 1059460 BNP Residential Pptys Inc COM 05564T103 7788 322500 SH SOLE 322500 BRE Properties Inc COM 05564E106 186395 2866734 SH SOLE 1136114 3900 1726720 Biomed Realty Trust Inc COM 09063H107 81231 2840241 SH SOLE 1666941 3600 1169700 Boston Properties Inc. COM 101121101 461224 4122486 SH SOLE 1821051 4800 2296635 Brandywine Realty Trust SBI COM 105368203 85371 2567563 SH SOLE 1600783 966780 Brookfield Properties Corp. COM 112900105 50321 1279460 SH SOLE 821860 3600 454000 CBL and Associates Properties COM 124830100 8956 206600 SH SOLE 206600 Camden Property Trust COM 133131102 341871 4629262 SH SOLE 2350482 2500 2276280 Cedar Shopping Centers Inc COM 150602209 21030 1321800 SH SOLE 1321800 Colonial Properties Trust SBI COM 195872106 63626 1357200 SH SOLE 661000 696200 Commercial Net Lease Realty COM 202218103 21132 920800 SH SOLE 920800 Corporate Office Properties Tr COM 22002T108 137164 2717739 SH SOLE 1081039 4000 1632700 Crescent Real Estate Equities COM 225756105 51968 2631309 SH SOLE 548509 2082800 DCT Industrial Trust COM 233153105 5912 501000 SH SOLE 501000 Developers Diversified Realty COM 251591103 268956 4272528 SH SOLE 1396168 4000 2872360 Digital Realty Trust Inc COM 253868103 7359 215000 SH SOLE 215000 Douglas Emmett Inc. COM 25960P109 93273 3507839 SH SOLE 1265639 4300 2237900 Duke Realty Corporation COM 264411505 70921 1734000 SH SOLE 1734000 Eastgroup Properties COM 277276101 9985 186429 SH SOLE 186429 Equity Inns Inc COM 294703103 1269 79500 SH SOLE 79500 Equity Office Properties Trust COM 294741103 387118 8036504 SH SOLE 3404494 9950 4622060 Equity Residential COM 29476L107 323534 6375051 SH SOLE 1881981 7250 4485820 Extra Space Storage Inc COM 30225T102 98234 5379728 SH SOLE 2528128 4900 2846700 Federal Realty Investment Trus COM 313747206 216215 2543711 SH SOLE 1245911 3900 1293900 First Industrial Realty Trust COM 32054K103 158029 3370200 SH SOLE 1543300 1826900 GMH Communities Trust COM 36188G102 20842 2053400 SH SOLE 2053400 General Growth Properties Inc COM 370021107 84229 1612663 SH SOLE 935303 4800 672560 Glimcher Realty Trust COM 379302102 7436 278400 SH SOLE 278400 Gramercy Capital Corp COM 384871109 20851 675000 SH SOLE 675000 HRPT Properties Trust COM 40426W101 68161 5519084 SH SOLE 1201484 4317600 Health Care Props. COM 421915109 128923 3501440 SH SOLE 1072040 5900 2423500 Health Care REIT Inc COM 42217K106 168681 3921000 SH SOLE 1408700 2512300 Hersha Hospitality Trust COM 427825104 8887 783700 SH SOLE 371000 412700 Highwoods Properties Inc COM 431284108 207896 5100496 SH SOLE 1986496 5000 3109000 Home Properties Inc COM 437306103 51453 868118 SH SOLE 607618 1600 258900 Hong Kong Land Hlds Ltd USD COM 6434915 86100 21633200 SH SOLE 13646900 7986300 Hospitality Properties Trust COM 44106M102 66965 1408900 SH SOLE 369100 1039800 Host Hotels & Resorts Inc. COM 44107P104 266202 10843248 SH SOLE 4330618 14310 6498320 Istar Finl Inc. COM 45031u101 49326 1031500 SH SOLE 1031500 Kilroy Realty Corp COM 49427F108 87052 1116049 SH SOLE 358959 1900 755190 Kimco Realty Corp. COM 49446R109 75171 1672331 SH SOLE 844071 2000 826260 LaSalle Hotels and Properties COM 517942108 36506 796213 SH SOLE 302713 493500 Lexington Corporate Properties COM 529043101 1076 48000 SH SOLE 48000 Liberty Property Trust COM 531172104 344430 7009159 SH SOLE 3073999 3700 3931460 Lotte Shopping Co-GDR 144A COM 54569T106 406 20000 SH SOLE 20000 Macerich Co COM 554382101 299273 3457009 SH SOLE 1605059 4100 1847850 Mack-Cali Realty Corp COM 554489104 2270 44500 SH SOLE 44500 Maguire Properties COM 559775101 246171 6154270 SH SOLE 3919470 2800 2232000 Mid-America Apt. Comm. COM 59522J103 48574 848600 SH SOLE 848600 Nationwide Health Properties I COM 638620104 244622 8094721 SH SOLE 3941921 4000 4148800 New Plan Excel Realty Trust In COM 648053106 91445 3327700 SH SOLE 745700 2582000 NewCastle Investment Corp COM 65105M108 14410 460100 SH SOLE 460100 Omega Healthcare Investors COM 681936100 157654 8896949 SH SOLE 4773149 7700 4116100 Pennsylvania Real Estate COM 709102107 101181 2569353 SH SOLE 1288753 1280600 Post Properties Inc COM 737464107 76005 1663131 SH SOLE 656711 1900 1004520 Prologis COM 743410102 247720 4076351 SH SOLE 2155911 8300 1912140 Public Storage Inc COM 74460D109 206281 2115703 SH SOLE 1018301 4476 1092926 Reckson Associates Realty Corp COM 75621K106 37442 821100 SH SOLE 821100 Regency Centers Corporation COM 758849103 180468 2308665 SH SOLE 1287235 4000 1017430 SL Green Realty Corp. COM 78440X101 310006 2334732 SH SOLE 1279872 2900 1051960 Senior Housing Properties Trus COM 81721M109 51191 2091117 SH SOLE 216000 1875117 Simon Property Group Inc COM 828806109 550096 5430905 SH SOLE 1642158 7200 3781547 Sovran Storage COM 84610H108 15105 263700 SH SOLE 263700 Spirit Finance Corp COM 848568309 39174 3141428 SH SOLE 2098428 1043000 Strategic Hotels & Resorts, In COM 86272T106 122171 5606761 SH SOLE 2062061 3100 3541600 Sunstone Hotel Investors Inc COM 867892101 71266 2666155 SH SOLE 720855 3900 1941400 Taubman Centers Inc. COM 876664103 84585 1663098 SH SOLE 891818 2500 768780 Trustreet Properties COM 898404108 17964 1066100 SH SOLE 971600 94500 U-Store-It Trust COM 91274F104 8734 425000 SH SOLE 425000 United Dominion Realty Trust I COM 910197102 129345 4068727 SH SOLE 1334427 5600 2728700 Ventas Inc COM 92276F100 180210 4258281 SH SOLE 1168956 5200 3084125 Vornado Realty Trust COM 929042109 231294 1903657 SH SOLE 949937 4100 949620 Washington REIT COM 939653101 61708 1542707 SH SOLE 798207 2900 741600 Weingarten Realty Investors COM 948741103 25029 542800 SH SOLE 542800 Brascan Residential Properties B1FY4S9 20311 2410500 SH SOLE 1825200 585300 AMB Property 7% Series O 00163T505 15564 600000 SH SOLE 600000 Affordable Residential 8.25% S 008273203 3183 125800 SH SOLE 125800 Alexandria Real Estate 8.375% 015271406 20240 773700 SH SOLE 450000 323700 Apartment Invt & Mgmt 7.75% Se 03748R820 10308 403900 SH SOLE 80500 323400 Apartment Invt & Mgmt 7.875% 03748R796 13770 540000 SH SOLE 400000 140000 Apartment Invt & Mgmt Co 8.00% 03748R812 12342 480000 SH SOLE 480000 Assoc Estates Realty 8.70% Ser 045604402 4780 182800 SH SOLE 174000 8800 Bedford Property Invest 7.6250 501777304 3536 170000 SH SOLE 170000 Bedford Property Invest 8.75% 076446400 1763 36000 SH SOLE 36000 Brandywine Realty Trust Series 105368401 3213 127000 SH SOLE 127000 CBL & Assoc Prop 7.75% Series 124830506 1309 51000 SH SOLE 51000 CBL & Assoc Prop 7.375% Series 124830605 19302 754000 SH SOLE 754000 Cedar Shopping Centers 8.8750% 150602308 13315 500000 SH SOLE 272700 227300 Corporate Office Prop Tr 7.625 22002T702 16480 640000 SH SOLE 280000 360000 Corporate Office Prop. Series 22002T603 1385 55000 SH SOLE 55000 Cousins Property 7.50% series 222795403 9523 373000 SH SOLE 373000 Developers Diversified Series 251591780 10547 414900 SH SOLE 414900 Digital Realty 7.875% PFD Seri 253868301 13502 525000 SH SOLE 125000 400000 Duke Realty Corp 6.95% Series 264411729 22083 850000 SH SOLE 200800 649200 Duke Realty Corp 7.25% Pfd Ser 264411695 12758 480000 SH SOLE 480000 Eagle Hospitality Properties T 26959T201 6378 250000 SH SOLE 126800 123200 Equity Inns Inc 8% Series C 294703400 21040 800000 SH SOLE 388000 412000 Felcor Lodging Trust Inc 1.950 31430F200 24825 993400 SH SOLE 974000 19400 Felcor Lodging Trust Inc. 8.00 31430F507 13109 520000 SH SOLE 20000 500000 First Ind Realty Trust 7.25% S 32054K798 1281 50000 SH SOLE 50000 Glimcher Realty Trust 8.1250% 379302409 14452 570100 SH SOLE 515700 54400 Glimcher Realty Trust 8.75% Se 379302300 2479 95000 SH SOLE 20000 75000 Health Care Preferred 7.5000 % 42217K502 8680 280000 SH SOLE 280000 Health Care Reit Inc 7.6250% S 42217K403 21974 849400 SH SOLE 520000 329400 Hersha Hospitality Trust 8.00% 427825203 5250 200000 SH SOLE 200000 Highland Hospitality 7.875% Se 430141200 5072 200000 SH SOLE 200000 Host Marriott 8.8750% Series E 44107P609 27561 1036500 SH SOLE 905600 130900 Innkeepers USA Trust 8.0% Seri 4576J0401 16605 658400 SH SOLE 352600 305800 Istar Financial 7.50% Series I 45031U804 25837 1015000 SH SOLE 1015000 Istar Financial 7.80% Series F 45031U606 3870 150000 SH SOLE 150000 Kilroy Realty 7.50% Series F 49427F504 7836 309100 SH SOLE 309100 LTC Properties Inc 8.00% Serie 502175607 25150 1000000 SH SOLE 1000000 LaSalle Hotel 7.25% PFD Series 517942603 30540 1200000 SH SOLE 600000 600000 LaSalle Hotel 8.00% PFD 517942504 15338 600000 SH SOLE 600000 LaSalle Hotel Properties 7.5 % 517942405 21781 850000 SH SOLE 200000 650000 LaSalle Hotel Properties 8.375 517942306 4632 180600 SH SOLE 170000 10600 Maguire Properties Inc 7.625% 559775200 13458 544200 SH SOLE 401800 142400 Mid-America Apartment 8.3000% 59522J806 13931 529700 SH SOLE 200000 329700 Nationwide Health Prop 7.6770% 638620203 3557 35000 SH SOLE 35000 Natl Retail Properties 637417403 21124 830000 SH SOLE 355700 474300 Northstar Reality Fin 8.75% Se 66704R209 5356 200000 SH SOLE 200000 Omega Healthcare 8.375% Series 681936407 3208 120000 SH SOLE 120000 PS Business Park 7.375% Series 69360J750 27553 1070000 SH SOLE 400000 670000 PS Business Parks, Inc. Series 69360J875 1335 52860 SH SOLE 52860 Pennsylvania Reit 11.0% Series 709102206 4463 82200 SH SOLE 82200 Public Storage 7.00% PFD 74460D364 18741 725000 SH SOLE 725000 Public Storage 7.25% PFD Serie 74460D299 36470 1400000 SH SOLE 129000 1271000 Public Storage 7.25% Series K 74460D273 46620 1800000 SH SOLE 440000 1360000 RAIT Investment Trust 7.75% Se 749227203 6060 240000 SH SOLE 240000 Rait Investment Trust 8.375% S 749227302 4115 160000 SH SOLE 160000 Ramco-Gershenson 7.95% Series 751452509 7600 200000 SH SOLE 200000 Realty Income Corp. 6.75% Seri 756109708 19129 760000 SH SOLE 760000 Regency Centers Corp. 6.700% 758849608 15497 614000 SH SOLE 614000 SL Green Realty 7.625% Series 78440X309 7176 280100 SH SOLE 272500 7600 SL Green Realty 7.875% Series 78440X408 15510 597100 SH SOLE 200000 397100 Strategic Hotel Capital 8.25% 86272T403 22449 875000 SH SOLE 520000 355000 Strategic Hotel Capital 8.25% 86272T502 25750 1000000 SH SOLE 454500 545500 Strategic Hotel Capital 8.5% P 86272T205 6935 275000 SH SOLE 275000 Sunstone Hotel 8.00% Series A 867892200 16952 664800 SH SOLE 468000 196800 Tanger Factory Outlet 7.5% Ser 875465403 13458 520000 SH SOLE 520000 Taubman Centers Inc. 8.00% Se 876664301 11512 437700 SH SOLE 342600 95100 Taubman Centers Inc. 7.6250% S 876664400 28951 1084300 SH SOLE 573500 510800 Urstadt Biddle Props Inc. 7.50 917286502 15075 590000 SH SOLE 590000 Vornado Realty 6.625% Series G 929042802 2485 100000 SH SOLE 100000 Vornado Realty 6.625% Series I 929042877 1121 45000 SH SOLE 45000 Vornado Realty Trust Series E 929042604 1365 53100 SH SOLE 53100 Winston Hotels 8.00% Series B 97563A300 11958 472000 SH SOLE 464400 7600 Great Eagle Hldg Co. Rights CRZ HK RT 0 25175 SH SOLE 25175 Aberdeen Pan-Nordic Fund ABER EUUN 9890 7500000 SH SOLE 7500000 Corestate German Residential F CGRF EUUN 7206 5465000 SH SOLE 5465000 Sveafastigehter Fund II Capita SVF SEUN 1580 10812500 SH SOLE 10812500 Verde Realty Master Limited Pa 16000 484848 SH SOLE 484848
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