The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
8POINT3 Energy Partners LP COM 282539105 11,902 639,196 SH   SOLE 1,2 622,822 0 16,374
AbbVie Inc. COM 00287Y109 302 4,500 SH   SOLE 1 0 0 4,500
Abengoa Yield PLC COM G00349103 12,214 389,990 SH   SOLE 1,2 373,571 0 16,419
Accenture PLC COM G1151C101 281 2,900 SH   SOLE 1 0 0 2,900
Ace Limited COM H0023R105 12,690 124,800 SH   SOLE 1 91,200 0 33,600
Actavis Plc COM G0177J108 30,740 101,300 SH   SOLE 1 47,300 0 54,000
Aetna Inc. COM 00817Y108 21,987 172,500 SH   SOLE 1 68,100 0 104,400
AGIC Convertible & Income FD II COM 018825109 3,016 402,658 SH   SOLE 1 394,665 0 7,993
AGIC Convertible & Income Fund COM 018828103 8,659 1,066,343 SH   SOLE 1 1,039,153 0 27,190
ALCOA Inc. COM 013817101 1,103 98,904 SH   SOLE 1 98,904 0 0
Alibaba Group Holding Ltd ADR 01609W102 1,152 14,000 SH   SOLE 1 14,000 0 0
AllianceBernstein Global High Income Fund COM 01879R106 2,043 169,933 SH   SOLE 1 152,462 0 17,471
AllianceBernstein Income Fund COM 01881E101 1,074 144,354 SH   SOLE 1 128,300 0 16,054
Alliant Energy Corporation COM 018802108 69,208 1,199,026 SH   SOLE 1,2 1,092,654 0 106,372
Alpine Global Premier Properties Fund COM 02083A103 3,234 499,885 SH   SOLE 1 499,885 0 0
American Assets Trust Inc. COM 024013104 180,295 4,598,200 SH   SOLE 1,2 3,726,675 0 871,525
American Homes 4 Rent-CL COM 02665T306 354,739 22,115,886 SH   SOLE 1,2 13,293,172 0 8,822,714
American International Group Inc. COM 026874784 18,650 301,676 SH   SOLE 1 155,676 0 146,000
American Tower Corporation COM 03027X100 118,283 1,267,906 SH   SOLE 1,2 1,159,006 0 108,900
Amerigas Partners LP COM 030975106 7,795 170,532 SH   SOLE 1 170,532 0 0
Ameriprise Financial Inc. COM 03076C106 22,200 177,700 SH   SOLE 1 77,700 0 100,000
Amgen Inc. COM 031162100 10,224 66,600 SH   SOLE 1 10,700 0 55,900
Anadarko Petroleum Corporation COM 032511107 19,856 254,363 SH   SOLE 1 126,663 0 127,700
Anheuser Busch InBev NV ADR ADR 03524A108 3,922 32,500 SH   SOLE 1 32,500 0 0
Antero Midstream Partners LP COM 03673L103 1,115 38,934 SH   SOLE 1 38,934 0 0
Apache Corporation COM 037411105 1,360 23,600 SH   SOLE 1 23,600 0 0
Apartment Investment & Management Co. COM 03748R101 670,051 18,143,804 SH   SOLE 1,2 10,853,434 0 7,290,370
Apartment Invt & Mgmt Co 6.875 % Pfd A PFD 03748R762 15,337 560,981 SH   SOLE 1 467,456 0 93,525
APPLE Inc. COM 037833100 42,431 338,300 SH   SOLE 1 95,000 0 243,300
Archer-Daniels-Midland Company COM 039483102 3,639 75,457 SH   SOLE 1 75,457 0 0
Ares Dynamic Credit Allocation COM 04014F102 2,500 163,067 SH   SOLE 1 163,067 0 0
Ashford Hospitality Trust Pfd. E PFD 044103505 12,550 476,641 SH   SOLE 1 425,000 0 51,641
AT&T Inc. COM 00206R102 12,468 351,000 SH   SOLE 1 342,100 0 8,900
Atmos Energy Corp. COM 049560105 50,102 977,019 SH   SOLE 1,2 969,905 0 7,114
Autoliv Inc. COM 052800109 6,468 55,400 SH   SOLE 1 26,000 0 29,400
Avago Technologies Limited COM Y0486S104 22,143 166,579 SH   SOLE 1 74,879 0 91,700
AvalonBay Communities Inc. COM 053484101 33,856 211,769 SH   SOLE 1 211,769 0 0
Bank of America Corporation COM 060505104 14,710 864,300 SH   SOLE 1 451,600 0 412,700
Barclays Bank PLC 6.625% (BCS) PFD 06739F390 259 10,200 SH   SOLE 1 10,200 0 0
Barclays Bank PLC Pfd. A PFD 06739H776 18,179 699,737 SH   SOLE 1 696,670 0 3,067
Barclays Bank PLC Pfd. C PFD 06739H511 29,875 1,153,026 SH   SOLE 1 1,137,963 0 15,063
Barclays Bank PLC Pfd. D PFD 06739H362 25,923 997,034 SH   SOLE 1 984,875 0 12,159
Barrick Gold Corp. COM 067901108 1,400 131,356 SH   SOLE 1 131,356 0 0
Becton Dickinson & Company COM 075887109 71 500 SH   SOLE 1 0 0 500
Belmond Ltd COM G1154H107 119,221 9,545,344 SH   SOLE 1,2 8,070,319 0 1,475,025
BioMed Realty Trust Inc. COM 09063H107 633,631 32,762,706 SH   SOLE 1,2 19,766,871 0 12,995,835
Blackrock Build America Bond COM 09248X100 829 41,697 SH   SOLE 1 36,987 0 4,710
Blackrock Corporate High Yield Fund 6 COM 09255P107 177 16,358 SH   SOLE 1 0 0 16,358
Blackrock Debt Strategies Fund COM 09255R103 302 83,300 SH   SOLE 1 83,300 0 0
Blackrock Enh Cap And Inc COM 09256A109 2,505 170,740 SH   SOLE 1 170,740 0 0
Blackrock Glbl Flt Rt Inc Tr COM 091941104 686 52,874 SH   SOLE 1 52,874 0 0
Blackrock Inc. COM 09247X101 15,623 45,156 SH   SOLE 1 24,137 0 21,019
Blackrock Limited Duration Income Trust COM 09249W101 1,396 92,141 SH   SOLE 1 84,070 0 8,071
BlackRock Long-Tm Muni Adv Tst COM 09250B103 1,507 139,493 SH   SOLE 1 139,493 0 0
BlackRock Muni Income Inv Qual COM 09250G102 388 27,579 SH   SOLE 1 27,579 0 0
BlackRock Municipal Bond Trust COM 09249H104 576 37,876 SH   SOLE 1 37,876 0 0
Blackrock Municipal Income Trust COM 09248F109 273 20,263 SH   SOLE 1 20,263 0 0
Blackrock Munienhanced Fund COM 09253Y100 2,705 243,481 SH   SOLE 1 243,481 0 0
Blackrock Muniholdings In Ii COM 09254C107 1,498 116,941 SH   SOLE 1 116,941 0 0
Blackrock Muniholdings Insur COM 09254P108 3,940 284,480 SH   SOLE 1 284,480 0 0
Blackrock Muniholdings Quality COM 09254A101 1,277 98,434 SH   SOLE 1 98,434 0 0
Blackrock Muniyield Insured COM 09254E103 2,800 203,666 SH   SOLE 1 203,666 0 0
BlackRock MuniYield Inv Qual COM 09254T100 1,373 104,010 SH   SOLE 1 104,010 0 0
BlackRock MuniYield Invest Fd COM 09254R104 484 33,638 SH   SOLE 1 33,638 0 0
Blackrock Muniyield Qual Ii COM 09254G108 1,223 97,092 SH   SOLE 1 97,092 0 0
Blackrock Muniyield Quality COM 09254F100 1,165 77,882 SH   SOLE 1 77,882 0 0
Blackrock Resources & Commod COM 09257A108 764 83,792 SH   SOLE 1 83,792 0 0
Blueknight Energy Partners COM 09625U109 3,573 477,100 SH   SOLE 1 477,100 0 0
Boardwalk Pipeline Partners LP COM 096627104 603 41,513 SH   SOLE 1 41,513 0 0
Boston Properties Inc. COM 101121101 102,367 845,732 SH   SOLE 1 220,859 0 624,873
BP PLC-Sponsored ADR ADR 055622104 3,815 95,472 SH   SOLE 1 95,472 0 0
Brandywine Realty Trust COM 105368203 190,424 14,339,152 SH   SOLE 1,2 6,902,771 0 7,436,381
BRF - Brasil Foods SA ADR ADR 10552T107 3,794 181,422 SH   SOLE 1 181,422 0 0
Brixmor Property Group COM 11120U105 25,148 1,087,264 SH   SOLE 1 1,087,264 0 0
Buckeye Partners LP COM 118230101 44,027 595,525 SH   SOLE 1 595,525 0 0
Bunge Limited COM G16962105 2,998 34,150 SH   SOLE 1 34,150 0 0
Cadence Design Systems Inc. COM 127387108 13,204 671,600 SH   SOLE 1 258,900 0 412,700
Calamos Convertible & High Income Fund COM 12811P108 1,132 85,153 SH   SOLE 1 71,790 0 13,363
California Resources Corp COM 13057Q107 8,424 1,394,631 SH   SOLE 1 707,931 0 686,700
Canadian National Railway COM 136375102 38,729 670,982 SH   SOLE 1,2 670,982 0 0
Canadian Pacific Railway Ltd COM 13645T100 34,018 212,330 SH   SOLE 1,2 205,497 0 6,833
Cardinal Health Inc. COM 14149Y108 3,781 45,200 SH   SOLE 1 0 0 45,200
CBRE Clarion Global Real Estate Income Fund COM 12504G100 4,057 509,720 SH   SOLE 1 509,720 0 0
CenterPoint Energy Inc. COM 15189T107 28,640 1,504,988 SH   SOLE 1,2 1,481,104 0 23,884
Central Fund Canada Cl A COM 153501101 1,669 143,134 SH   SOLE 1 143,134 0 0
CF Industries Holdings Inc. COM 125269100 2,842 44,210 SH   SOLE 1 42,710 0 1,500
Cheniere Energy Inc. COM 16411R208 2,765 39,922 SH   SOLE 1 27,661 0 12,261
Cheniere Energy Partners LP COM 16411Q101 20,336 659,181 SH   SOLE 1 659,181 0 0
Cheniere Energy Partners LP LLC COM 16411W108 901 38,474 SH   SOLE 1 38,474 0 0
Chevron Corporation COM 166764100 1,025 10,620 SH   SOLE 1 9,020 0 1,600
Cigna Corporation COM 125509109 32,828 202,640 SH   SOLE 1 91,340 0 111,300
Clearbridge Energy MLP Opport COM 18469P100 2,041 109,002 SH   SOLE 1 109,002 0 0
Clough Global Opportunities Fund COM 18914E106 5,763 478,291 SH   SOLE 1 469,534 0 8,757
CMS Energy Corporation COM 125896100 76,817 2,412,609 SH   SOLE 1,2 2,383,963 0 28,646
Consumer Discretionary Selt COM 81369Y407 8,500 111,139 SH   SOLE 1 111,139 0 0
Corenergy Infrastructure Trust Inc. COM 21870U205 16,488 2,608,828 SH   SOLE 1 2,608,828 0 0
Corporate Office Properties COM 22002T108 80,163 3,405,396 SH   SOLE 1 80,723 0 3,324,673
Costco Wholesale Corporation COM 22160K105 6,834 50,600 SH   SOLE 1 0 0 50,600
Cousins Properties Inc. COM 222795106 64,960 6,258,146 SH   SOLE 1 0 0 6,258,146
Crestwood Equity Partners LP COM 226344109 208 50,476 SH   SOLE 1 50,476 0 0
Crestwood Midstream Partners LP COM 226378107 5,689 507,973 SH   SOLE 1 507,973 0 0
CrossAmerica Partners LP COM 22758A105 5 182 SH   SOLE 1 182 0 0
Crown Castle International Corp. COM 22822V101 156,473 1,948,600 SH   SOLE 1,2 1,930,926 0 17,674
CSX Corporation COM 126408103 7,653 234,385 SH   SOLE 1 124,254 0 110,131
CubeSmart COM 229663109 569,397 24,585,343 SH   SOLE 1,2 15,524,254 0 9,061,089
CVS Health Corporation COM 126650100 23,795 226,874 SH   SOLE 1 81,899 0 144,975
CyrusOne Inc COM 23283R100 121,915 4,139,726 SH   SOLE 1,2 2,978,944 0 1,160,782
D.R. Horton Inc. COM 23331A109 7,021 256,600 SH   SOLE 1 118,100 0 138,500
DCP Midstream Partners LP COM 23311P100 6,451 210,187 SH   SOLE 1 210,187 0 0
DCT Industrial Trust Inc. COM 233153204 80,182 2,550,317 SH   SOLE 1 608,837 0 1,941,480
DDR Corp. COM 23317H102 948,454 61,348,888 SH   SOLE 1,2 34,944,130 0 26,404,758
Deutsche Bank AG COM D18190898 2,045 68,100 SH   SOLE 1 68,100 0 0
Devon Energy Corporation COM 25179M103 65 1,100 SH   SOLE 1 0 0 1,100
Diamondrock Hospitality Co. COM 252784301 303,377 23,682,858 SH   SOLE 1,2 11,534,469 0 12,148,389
Discover Financial Services COM 254709108 13,489 234,100 SH   SOLE 1 106,200 0 127,900
Dominion Midstream Partners COM 257454108 26,437 690,068 SH   SOLE 1,2 659,828 0 30,240
Dominion Resources Inc. COM 25746U109 99,716 1,491,195 SH   SOLE 1,2 1,438,150 0 53,045
Doubleline Income Solutions COM 258622109 1,527 77,219 SH   SOLE 1 65,930 0 11,289
Douglas Emmett Inc. COM 25960P109 342,207 12,702,544 SH   SOLE 1,2 9,191,730 0 3,510,814
Dover Corporation COM 260003108 11,860 169,000 SH   SOLE 1 70,100 0 98,900
Dte Energy Company COM 233331107 64,667 866,389 SH   SOLE 1,2 852,817 0 13,572
Duke Energy Corporation COM 26441C204 59,053 836,203 SH   SOLE 1,2 810,903 0 25,300
Dynagas LNG Partners LP COM Y2188B108 2,945 185,467 SH   SOLE 1 185,467 0 0
East West Bancorp Inc. COM 27579R104 8,843 197,300 SH   SOLE 1 113,300 0 84,000
Eastman Chemical Company COM 277432100 8,730 106,700 SH   SOLE 1 37,000 0 69,700
Eaton Vance Enh Eqt Inc Ii COM 278277108 1,054 75,879 SH   SOLE 1 75,879 0 0
Eaton Vance Floating Rate Income Trust COM 278279104 1,211 87,891 SH   SOLE 1 87,891 0 0
Eaton Vance Insured Muni Bnd COM 27827X101 2,435 200,075 SH   SOLE 1 200,075 0 0
Eaton Vance Limited Duration Fund COM 27828H105 1,029 76,416 SH   SOLE 1 64,180 0 12,236
EATON VANCE MUNICIPAL INCOME COM 27829U105 1,056 62,314 SH   SOLE 1 62,314 0 0
Eaton Vance Natl Muni Opport COM 27829L105 1,061 52,563 SH   SOLE 1 52,563 0 0
Eaton Vance Senior Income Trust COM 27826S103 1,472 237,099 SH   SOLE 1 237,099 0 0
Eaton Vance Sr Fltg Rate Trust COM 27828Q105 1,624 118,096 SH   SOLE 1 114,130 0 3,966
Eaton Vance T/A Global Dividend Income COM 27828S101 6,982 413,854 SH   SOLE 1 413,854 0 0
Eaton Vance T/M Buy-Write Opportunity COM 27828Y108 16,190 1,091,711 SH   SOLE 1 1,091,711 0 0
Eaton Vance Tax Adv Global Dividend O COM 27828U106 3,598 153,898 SH   SOLE 1 153,898 0 0
Eaton Vance Tax Man Global Br COM 27829C105 7,173 607,336 SH   SOLE 1 607,336 0 0
Eaton Vance Tax-Adv Dvd. Inc. Fund COM 27828G107 23,419 1,182,772 SH   SOLE 1 1,162,418 0 20,354
Eaton Vance Tax-Managed Dividend COM 27828N102 19,899 1,750,124 SH   SOLE 1 1,716,401 0 33,723
Eaton Vance Tax-Managed Global COM 27829F108 16,536 1,706,463 SH   SOLE 1 1,706,463 0 0
Ecolab Inc. COM 278865100 7,327 64,800 SH   SOLE 1 28,500 0 36,300
Edison International COM 281020107 54,507 980,698 SH   SOLE 1,2 967,717 0 12,981
Education Realty Trust Inc. COM 28140H203 199,001 6,345,709 SH   SOLE 1,2 2,880,497 0 3,465,212
Empire State Realty Trust COM 292104106 143,130 8,389,798 SH   SOLE 1,2 7,331,185 0 1,058,613
Enbridge Energy Mana COM 29250X103 36,661 1,110,944 SH   SOLE 1 1,110,944 0 0
Enbridge Inc. COM 29250N105 76,026 1,624,965 SH   SOLE 1,2 1,564,103 0 60,862
Energy Transfer Equity Lp COM 29273V100 88,019 1,371,654 SH   SOLE 1,2 1,345,092 0 26,562
Energy Transfer Partners LP COM 29273R109 39,567 757,985 SH   SOLE 1 757,985 0 0
EnLink Midstream Partners LP COM 29336U107 7,609 346,340 SH   SOLE 1 346,340 0 0
Enterprise Products Partners COM 293792107 83,602 2,796,976 SH   SOLE 1,2 2,779,873 0 17,103
Entertainment Properties Trust Pfd. E PFD 26884U307 13,468 414,404 SH   SOLE 1 251,000 0 163,404
EOG Resources Inc. COM 26875P101 3,765 43,000 SH   SOLE 1 43,000 0 0
EQT Corporation COM 26884L109 1,191 14,639 SH   SOLE 1 14,639 0 0
EQT GP Holdings LP COM 26885J103 14,714 432,899 SH   SOLE 1,2 421,259 0 11,640
EQT Midstream Partners LP COM 26885B100 25,390 311,387 SH   SOLE 1 311,387 0 0
Equifax Inc. COM 294429105 22,797 234,800 SH   SOLE 1 105,600 0 129,200
Equinix Inc. COM 29444U700 814,365 3,206,163 SH   SOLE 1,2 1,742,068 0 1,464,095
Equity Commonwealth COM 294628102 12,103 471,499 SH   SOLE 1,2 445,024 0 26,475
Equity Commonwealth Pfd. D PFD 294628201 14,627 600,955 SH   SOLE 1 422,629 0 178,326
Equity Commonwealth Pr. E PFD 294628409 5,027 197,075 SH   SOLE 1 25,925 0 171,150
Equity Residential COM 29476L107 1,968,710 28,056,286 SH   SOLE 1,2 14,540,774 0 13,515,512
Essex Property Trust Inc. COM 297178105 332,498 1,564,698 SH   SOLE 1,2 365,613 0 1,199,085
Exelon Corporation COM 30161N101 27,865 886,868 SH   SOLE 1,2 809,084 0 77,784
Extended Stay America Inc. COM 30224P200 199,339 10,620,074 SH   SOLE 1,2 9,465,265 0 1,154,809
Exterran Hldgs Inc. COM 30225X103 2,407 73,717 SH   SOLE 1 73,717 0 0
Exterran Partners Lp COM 30225N105 3,565 158,460 SH   SOLE 1 158,460 0 0
Extra Space Storage Inc. COM 30225T102 605,850 9,289,332 SH   SOLE 1,2 3,437,031 0 5,852,301
Exxon Mobil Corporation COM 30231G102 48,716 585,530 SH   SOLE 1 310,796 0 274,734
Federal Realty Investment Trust COM 313747206 89,135 695,878 SH   SOLE 1 0 0 695,878
Financial Select Sector SPDR COM 81369Y605 3,700 151,782 SH   SOLE 1 151,782 0 0
First Industrial Realty Trust COM 32054K103 109,653 5,854,425 SH   SOLE 1,2 3,933,365 0 1,921,060
First Trust Aberdeen Global Fund COM 337319107 1,460 133,742 SH   SOLE 1 118,600 0 15,142
First Trust Energy Income and Growth Fund COM 33738G104 14,429 459,517 SH   SOLE 1 459,517 0 0
First Trust New Opportunites MLP COM 33739M100 1,116 71,087 SH   SOLE 1 71,087 0 0
First Trust/Four Crns Sr F 2 COM 33733U108 1,280 97,277 SH   SOLE 1 97,277 0 0
Flah & Crum/Claymore Preferred S I COM 338478100 2,831 151,697 SH   SOLE 1 142,038 0 9,659
Flah & Crum/Claymore Total Return Fund COM 338479108 3,547 181,909 SH   SOLE 1 173,650 0 8,259
Flaherty & Crumrine Dynamic COM 33848W106 2,970 133,138 SH   SOLE 1 115,431 0 17,707
Ford Motor Company COM 345370860 6,378 424,900 SH   SOLE 1 168,600 0 256,300
Forest City Enterprises Cl A COM 345550107 4,807 217,504 SH   SOLE 1,2 98,319 0 119,185
Franklin Limited Duration Income Trust COM 35472T101 1,320 113,265 SH   SOLE 1 103,900 0 9,365
Freeport-Mcmoran Inc. COM 35671D857 1,863 100,058 SH   SOLE 1 100,058 0 0
Gabelli Dividend & Income Trust COM 36242H104 21,268 1,021,510 SH   SOLE 1 1,002,108 0 19,402
Gabelli Equity Trust COM 362397101 10,172 1,624,844 SH   SOLE 1 1,601,355 0 23,489
GasLog Ltd. COM G37585109 1,119 56,087 SH   SOLE 1 56,087 0 0
General Dynamics Corporation COM 369550108 5,058 35,700 SH   SOLE 1 35,200 0 500
General Electric Company COM 369604103 7,360 277,011 SH   SOLE 1 122,811 0 154,200
General Growth Properties Inc. COM 370023103 112,019 4,365,509 SH   SOLE 1,2 4,332,734 0 32,775
General Mills Inc. COM 370334104 67 1,200 SH   SOLE 1 0 0 1,200
Gilead Sciences Inc. COM 375558103 18,674 159,500 SH   SOLE 1 65,500 0 94,000
Golar LNG Ltd COM G9456A100 1,070 22,868 SH   SOLE 1 22,868 0 0
Golar LNG Partners LP COM Y2745C102 19,535 791,861 SH   SOLE 1 791,861 0 0
Goldcorp Inc COM 380956409 1,020 62,945 SH   SOLE 1 62,945 0 0
Google Inc. COM 38259P508 9,883 18,300 SH   SOLE 1 4,600 0 13,700
Gramercy Property Trust Inc COM 38489R605 51,949 2,222,900 SH   SOLE 1,2 2,010,170 0 212,730
Grupo Aeroportuario PAC - ADR ADR 400506101 33,527 489,524 SH   SOLE 1,2 453,583 0 35,941
Guggenheim Build America COM 401664107 274 13,341 SH   SOLE 1 8,854 0 4,487
Gulfport Energy Corp COM 402635304 2,165 53,800 SH   SOLE 1 53,800 0 0
Halliburton Company COM 406216101 7,348 170,600 SH   SOLE 1 92,600 0 78,000
Hanesbrands Inc. COM 410345102 10,153 304,700 SH   SOLE 1 122,500 0 182,200
Harley-Davidson Inc. COM 412822108 8,644 153,400 SH   SOLE 1 53,700 0 99,700
HCP Inc. COM 40414L109 150,108 4,115,924 SH   SOLE 1 34,491 0 4,081,433
Health Care REIT Inc. COM 42217K106 1,413,678 21,540,126 SH   SOLE 1,2 11,423,531 0 10,116,595
Healthcare Trust of America COM 42225P501 305,711 12,764,562 SH   SOLE 1,2 7,430,982 0 5,333,580
Hersha Hospitality Trust COM 427825500 1,205 47,003 SH   SOLE 1 47,003 0 0
Hess Corporation COM 42809H107 27,412 409,864 SH   SOLE 1 194,364 0 215,500
Hewlett-Packard Company COM 428236103 6,215 207,100 SH   SOLE 1 113,500 0 93,600
Hilton Worldwide Holdings Inc. COM 43300A104 2,380 86,372 SH   SOLE 1 86,372 0 0
Hoegh LNG Partners LP COM Y3262R100 6,205 324,848 SH   SOLE 1 324,848 0 0
Home Properties Inc. COM 437306103 227,537 3,114,812 SH   SOLE 1,2 1,467,616 0 1,647,196
Host Hotels & Resorts Inc. COM 44107P104 1,082,915 54,609,929 SH   SOLE 1,2 30,759,913 0 23,850,016
HSBC 5 5/8 12/29/49 CORP BOND 404280AR0 602 600,000 SH   SOLE 1 600,000 0 0
HSBC Holdings PLC 6.20% Pfd. A PFD 404280604 109 4,317 SH   SOLE 1 4,317 0 0
Hudson Pacific Properties COM 444097109 1,470 51,801 SH   SOLE 1 51,801 0 0
Huntington Bancshares 8.5% PFD 446150401 27,552 20,561 SH   SOLE 1 20,561 0 0
Huntington Bancshares Incorporated COM 446150104 14,989 1,325,300 SH   SOLE 1 767,600 0 557,700
Huntsman Corporation COM 447011107 9,890 448,100 SH   SOLE 1 209,200 0 238,900
I Shares Gold Trust COM 464285105 6,202 546,900 SH   SOLE 1 546,900 0 0
InfraReit Inc COM 45685L100 1,026 36,185 SH   SOLE 1 36,185 0 0
ING Groep NV 6.5% CORP BOND 456837AF0 814 840,000 SH   SOLE 1 840,000 0 0
Inland Real Estate Pr.B PFD 457461507 13,248 509,527 SH   SOLE 1 165,166 0 344,361
Intel Corporation COM 458140100 5,217 171,511 SH   SOLE 1 0 0 171,511
Invesco Van kampen Municipal Opportunity trust COM 46132C107 2,578 211,285 SH   SOLE 1 211,285 0 0
John Hancock Preferred Income Fund COM 41013W108 937 48,349 SH   SOLE 1 38,659 0 9,690
John Hancock T/A Dividend Income Fund COM 41013V100 14,993 762,600 SH   SOLE 1 743,007 0 19,593
Johnson & Johnson COM 478160104 136 1,400 SH   SOLE 1 0 0 1,400
Joy Global Inc. COM 481165108 12,449 343,900 SH   SOLE 1 158,300 0 185,600
JP Energy Partners LP COM 46643C109 4,142 318,615 SH   SOLE 1 318,615 0 0
JPMorgan Chase & Co. COM 46625H100 28,459 419,994 SH   SOLE 1 226,794 0 193,200
Kansas City Southern COM 485170302 315 3,451 SH   SOLE 1 3,451 0 0
Kayne Anderson Energy Total Return COM 48660P104 6,535 309,289 SH   SOLE 1 309,289 0 0
Kayne Anderson MidstreamEnergy COM 48661E108 3,513 118,915 SH   SOLE 1 118,915 0 0
Kayne Anderson MLP Investment COM 486606106 13,744 447,841 SH   SOLE 1 447,841 0 0
Kilroy Realty Corp. COM 49427F108 530,860 7,905,584 SH   SOLE 1,2 3,438,735 0 4,466,849
Kimco Realty Corporation COM 49446R109 18,134 804,506 SH   SOLE 1 804,506 0 0
Kinder Morgan Inc. COM 49456B101 141,987 3,698,536 SH   SOLE 1,2 3,621,306 0 77,230
Knot Offshore Partners LP COM Y48125101 4,003 209,340 SH   SOLE 1 209,340 0 0
L-3 Communications Holdings Inc. COM 502424104 18,409 162,363 SH   SOLE 1 76,213 0 86,150
La Quinta Holdings Inc. COM 50420D108 172,809 7,562,771 SH   SOLE 1,2 6,617,903 0 944,868
Las Vegas Sands Corp. COM 517834107 9,857 187,500 SH   SOLE 1 80,500 0 107,000
Legg Mason BW Global Income COM 52469B100 2,810 197,486 SH   SOLE 1 173,700 0 23,786
Lexington Realty Trust Pfd. C PFD 529043309 7,839 164,231 SH   SOLE 1 164,231 0 0
Liberty Property Trust COM 531172104 199,613 6,195,298 SH   SOLE 1,2 5,730,057 0 465,241
LMP Capital And Income Fund COM 50208A102 4,006 265,622 SH   SOLE 1 265,622 0 0
LyondellBasell Industries N.V. COM N53745100 10,652 102,900 SH   SOLE 1 49,500 0 53,400
Macquarie Infrastruc COM 55608B105 33,891 410,150 SH   SOLE 1,2 397,237 0 12,913
Magellan Midstream Partners COM 559080106 47 641 SH   SOLE 1 641 0 0
Magna International Inc. - Cl A COM 559222401 1,308 23,300 SH   SOLE 1 21,000 0 2,300
Marathon Petroleum Corporation COM 56585A102 73 1,400 SH   SOLE 1 0 0 1,400
MarkWest Energy Partners LP COM 570759100 65,136 1,155,309 SH   SOLE 1 1,155,309 0 0
Martin Midstream Partners LP COM 573331105 2,632 85,000 SH   SOLE 1 85,000 0 0
Medtronic plc COM G5960L103 135 1,816 SH   SOLE 1 0 0 1,816
Memorial Production Partners COM 586048100 3,747 252,315 SH   SOLE 1 252,315 0 0
Merck & Co. Inc. COM 58933Y105 21,548 378,500 SH   SOLE 1 148,100 0 230,400
MFS Multimarket Income Trust COM 552737108 1,190 196,070 SH   SOLE 1 174,356 0 21,714
Microsoft Corporation COM 594918104 30,254 685,246 SH   SOLE 1 251,946 0 433,300
Midcoast Energy Partners LP COM 59564N103 1,390 130,556 SH   SOLE 1 130,556 0 0
Monogram Residential Trust Inc COM 60979P105 161,567 17,912,099 SH   SOLE 1,2 14,895,348 0 3,016,751
Monsanto Company COM 61166W101 17,832 167,294 SH   SOLE 1 102,094 0 65,200
Morgan Stanley COM 617446448 10,958 282,500 SH   SOLE 1 144,300 0 138,200
MPLX LP COM 55336V100 15,069 211,111 SH   SOLE 1 211,111 0 0
National Retail Properties COM 637417106 64,641 1,846,349 SH   SOLE 1 0 0 1,846,349
National Westminster Pfd. C PFD 638539882 24,741 963,443 SH   SOLE 1 959,934 0 3,509
Natural Resource Partners LP COM 63900P103 1,061 280,000 SH   SOLE 1 280,000 0 0
Navios Maritime Midstream Partners LP COM Y62134104 1,944 125,000 SH   SOLE 1 125,000 0 0
NetApp Inc. COM 64110D104 158 5,000 SH   SOLE 1 0 0 5,000
New America High Income Fund COM 641876800 3,020 344,322 SH   SOLE 1 320,537 0 23,785
New Senior Investment Group Inc COM 648691103 3,343 250,000 SH   SOLE 1 250,000 0 0
Newmont Mining Corporation COM 651639106 775 33,163 SH   SOLE 1 33,163 0 0
NextEra Energy Inc. COM 65339F101 112,200 1,144,551 SH   SOLE 1,2 992,331 0 152,220
Nextera Energy Partners LP COM 65341B106 6,054 152,793 SH   SOLE 1 152,793 0 0
NGL Energy Partners LP COM 62913M107 31,591 1,041,592 SH   SOLE 1 1,041,592 0 0
NiSource Inc. COM 65473P105 29,842 654,581 SH   SOLE 1,2 634,223 0 20,358
Noble Energy Inc. COM 655044105 22,736 532,700 SH   SOLE 1 302,000 0 230,700
Norfolk Southern Corporation COM 655844108 1,696 19,415 SH   SOLE 1 18,815 0 600
NuStar Energy LP COM 67058H102 15,252 256,984 SH   SOLE 1 256,984 0 0
NuStar GP Holdings LLC COM 67059L102 5,932 155,868 SH   SOLE 1 155,868 0 0
Nuveen CA AMT-Free Muni Inc COM 670651108 1,267 89,362 SH   SOLE 1 89,362 0 0
Nuveen Dividend Adv Muni Fnd 2 COM 67070F100 821 61,234 SH   SOLE 1 61,234 0 0
Nuveen Dividend Advantage Muni Fd COM 67066V101 295 21,728 SH   SOLE 1 21,728 0 0
Nuveen Dow 30 Dynamic Overwite COM 67075F105 1,015 68,365 SH   SOLE 1 68,365 0 0
Nuveen Energy MLP Total Return COM 67074U103 4,795 291,162 SH   SOLE 1 291,162 0 0
Nuveen Floating Rate Income COM 67072T108 1,646 153,265 SH   SOLE 1 149,581 0 3,684
Nuveen Floating Rate Income Opportunity Fund COM 6706EN100 1,231 114,075 SH   SOLE 1 104,427 0 9,648
Nuveen Mtg Opportunity Fund COM 670735109 86 3,805 SH   SOLE 1 0 0 3,805
Nuveen Mtg Opportunity Term Fund COM 67074R100 833 37,715 SH   SOLE 1 34,500 0 3,215
Nuveen Multi-Strategy Income & Growth 2 COM 67073D102 10,330 1,199,738 SH   SOLE 1 1,176,600 0 23,138
Nuveen Muni Mkt Opportunity COM 67062W103 1,986 153,916 SH   SOLE 1 153,916 0 0
Nuveen NY AMT-Free Muni Inc COM 670656107 1,005 80,114 SH   SOLE 1 80,114 0 0
Nuveen Preferred & Income Term Fund COM 67075A106 7,088 318,713 SH   SOLE 1 304,235 0 14,478
Nuveen Preferred Income Opportunities Fund COM 67073B106 14,322 1,563,535 SH   SOLE 1 1,527,562 0 35,973
Nuveen Premier Muni Inc Fd COM 670988104 996 77,174 SH   SOLE 1 77,174 0 0
Nuveen Premium Inc Muni Fd 2 COM 67063W102 2,821 212,448 SH   SOLE 1 212,448 0 0
Nuveen Premium Inc Muni Fd 4 COM 6706K4105 2,008 153,507 SH   SOLE 1 153,507 0 0
Nuveen Real Estate Income Fund COM 67071B108 7,436 728,264 SH   SOLE 1 728,264 0 0
NuveeN S&P 500 B-W Income COM 6706ER101 1,996 155,685 SH   SOLE 1 155,685 0 0
Nuveen Select Qualty Muni Fd COM 670973106 990 74,864 SH   SOLE 1 74,864 0 0
Nuveen Senior Income Fund COM 67067Y104 820 128,054 SH   SOLE 1 128,054 0 0
Nuveen Short Duration Credit Fund COM 67074X107 1,604 97,345 SH   SOLE 1 88,088 0 9,257
Nuveen Tax-Adv Tot Ret Strat COM 67090H102 3,017 231,869 SH   SOLE 1 231,869 0 0
Nuveen Tax-Advantaged Dividend Growth Fund COM 67073G105 3,406 214,901 SH   SOLE 1 214,901 0 0
NXP Semiconductors N.V. COM N6596X109 9,741 99,200 SH   SOLE 1 45,800 0 53,400
Occidental Petroleum Corporation COM 674599105 202 2,600 SH   SOLE 1 0 0 2,600
Omega Healthcare Investors COM 681936100 720,689 20,992,984 SH   SOLE 1,2 12,980,090 0 8,012,894
Oneok Inc. COM 682680103 1,523 38,580 SH   SOLE 1 38,580 0 0
Oneok Partners LP COM 68268N103 14 399 SH   SOLE 1 399 0 0
Oracle Corporation COM 68389X105 8,447 209,600 SH   SOLE 1 45,100 0 164,500
PACCAR Inc COM 693718108 12,290 192,600 SH   SOLE 1 83,300 0 109,300
Paramount Group Inc COM 69924R108 32 1,883 SH   SOLE 1 0 0 1,883
Parkway Properties Inc. COM 70159Q104 3,515 201,572 SH   SOLE 1 201,572 0 0
Pattern Energy Group Inc. COM 70338P100 32,063 1,129,758 SH   SOLE 1,2 1,097,420 0 32,338
Pebblebrook Hotel Trust COM 70509V100 83,678 1,951,448 SH   SOLE 1 0 0 1,951,448
Pembina Pipeline Corp. COM 706327103 2,315 71,601 SH   SOLE 1 71,601 0 0
Penn Real Estate Investment Trust COM 709102107 236,029 11,060,383 SH   SOLE 1,2 9,305,471 0 1,754,912
Penntex Midstream Partners LP COM 709311104 5,823 300,300 SH   SOLE 1 300,300 0 0
Petroleo Brasileiro S.A. - ADR ADR 71654V408 409 45,200 SH   SOLE 1 45,200 0 0
PG&E Corporation COM 69331C108 77,889 1,586,331 SH   SOLE 1,2 1,549,759 0 36,572
Phillips 66 COM 718546104 974 12,094 SH   SOLE 1 12,094 0 0
Physicians Realty Trust COM 71943U104 53,280 3,468,774 SH   SOLE 1,2 2,352,739 0 1,116,035
Pilgrims Pride Corporation COM 72147K108 7,206 313,700 SH   SOLE 1 173,900 0 139,800
PIMCO Corporate Opportunity COM 72201B101 7,175 495,486 SH   SOLE 1 480,961 0 14,525
Pimco Dynamic Credit Income COM 72202D106 15,951 790,431 SH   SOLE 1 771,934 0 18,497
Pimco Dynamic Income Fund COM 72201Y101 14,181 485,483 SH   SOLE 1 470,589 0 14,894
Pimco Income Opportunity Fund COM 72202B100 12,752 526,933 SH   SOLE 1 511,475 0 15,458
PIMCO Income Strategy Fund II COM 72201J104 14,357 1,460,576 SH   SOLE 1 1,418,471 0 42,105
PIMCO Muni Income Fund III COM 72201A103 1,326 124,524 SH   SOLE 1 124,524 0 0
Pimco Municipal Income Fund II COM 72200W106 4,899 426,714 SH   SOLE 1 426,714 0 0
Pinnacle Foods Inc Del COM 72348P104 682 14,974 SH   SOLE 1 14,974 0 0
Pioneer Diversified High Income COM 723653101 1,025 62,720 SH   SOLE 1 62,720 0 0
Pioneer Floating Rate Trust COM 72369J102 2,246 197,363 SH   SOLE 1 184,774 0 12,589
Pioneer High Income Trust COM 72369H106 4,991 429,163 SH   SOLE 1 417,288 0 11,875
Plains All American Pipeline LP COM 726503105 34 772 SH   SOLE 1 772 0 0
Plains GP Holdings LP COM 72651A108 14,123 546,551 SH   SOLE 1 546,551 0 0
Post Properties Inc. COM 737464107 26,644 490,044 SH   SOLE 1 400,813 0 89,231
Potash Corp of Saskatchewan COM 73755L107 3,571 115,294 SH   SOLE 1 115,294 0 0
Potash Corporation of Saskatchewan Inc. COM 73755L107 133 4,300 SH   SOLE 1 0 0 4,300
Prologis Inc. COM 74340W103 235,771 6,355,022 SH   SOLE 1,2 1,044,402 0 5,310,620
PS Business Parks Inc. COM 69360J107 38,268 530,389 SH   SOLE 1 248,508 0 281,881
Public Storage COM 74460D109 1,273,206 6,905,710 SH   SOLE 1,2 3,897,352 0 3,008,358
Putnam Premier Income Trust COM 746853100 1,773 347,600 SH   SOLE 1 347,600 0 0
QTS Realty Trust Inc. Cl-A COM 74736A103 239,266 6,564,221 SH   SOLE 1,2 5,576,465 0 987,756
Qualcomm Incorporated COM 747525103 3,269 52,200 SH   SOLE 1 0 0 52,200
Ramco-Gershenson Properties COM 751452202 42,791 2,622,016 SH   SOLE 1 2,441,241 0 180,775
Realty Income Corporation COM 756109104 78,372 1,765,537 SH   SOLE 1 0 0 1,765,537
Reaves Utility Income Fund COM 756158101 896 31,258 SH   SOLE 1 31,258 0 0
Regency Centers Corporation COM 758849103 727,698 12,338,049 SH   SOLE 1,2 6,416,482 0 5,921,567
Regions Financial Corporation COM 7591EP100 5,539 534,700 SH   SOLE 1 184,200 0 350,500
Republic Services Inc. COM 760759100 196 5,000 SH   SOLE 1 0 0 5,000
Retail Properties of America COM 76131V202 399,833 28,703,035 SH   SOLE 1,2 13,311,578 0 15,391,457
Rexford Industrial Realty Inc COM 76169C100 2,164 148,403 SH   SOLE 1,2 126,098 0 22,305
Rice Midstream Partners LP COM 762819100 10,126 583,296 SH   SOLE 1 583,296 0 0
Rogers Communications Inc. COM 775109200 99 2,800 SH   SOLE 1 0 0 2,800
Rose Rock Midstream LP COM 777149105 16,802 359,391 SH   SOLE 1 359,391 0 0
Ross Stores Inc. COM 778296103 10,884 223,900 SH   SOLE 1 72,300 0 151,600
Royal Bank of Scotland 6.35% (RBS N) PFD 780097770 132 5,300 SH   SOLE 1 400 0 4,900
Royal Bank of Scotland 6.6% (RBS S) PFD 780097739 74 2,973 SH   SOLE 1 200 0 2,773
Royal Bank of Scotland 6.75% (RBS Q) PFD 780097754 253 10,000 SH   SOLE 1 10,000 0 0
Royal Bank of Scotland Pfd. H PFD 780097879 70 2,740 SH   SOLE 1 200 0 2,540
SanDisk Corporation COM 80004C101 9,982 171,453 SH   SOLE 1 83,153 0 88,300
SBA Communications Corporation COM 78388J106 19,010 165,346 SH   SOLE 1 165,346 0 0
Schlumberger Ltd. COM 806857108 3,318 38,500 SH   SOLE 1 0 0 38,500
Seadrill Partners LLC COM Y7545W109 3,272 265,152 SH   SOLE 1 265,152 0 0
Semgroup Corp. COM 81663A105 29,100 366,124 SH   SOLE 1,2 345,452 0 20,672
Sempra Energy COM 816851109 137,708 1,391,838 SH   SOLE 1,2 1,363,304 0 28,534
Shell Midstream Partners LP COM 822634101 10,194 223,306 SH   SOLE 1 223,306 0 0
Simon Property Group Inc. COM 828806109 3,098,147 17,906,294 SH   SOLE 1,2 9,722,575 0 8,183,719
SL Green Realty Corp. COM 78440X101 1,345,949 12,248,145 SH   SOLE 1,2 6,893,112 0 5,355,033
Southcross Energy Partners L COM 84130C100 4,894 440,902 SH   SOLE 1 440,902 0 0
Southern Copper Corp. COM 84265V105 1,311 44,560 SH   SOLE 1 44,560 0 0
Sovran Self Storage Inc. COM 84610H108 186,183 2,142,252 SH   SOLE 1,2 1,987,340 0 154,912
Spdr Gold Trust COM 78463V107 1,581 14,071 SH   SOLE 1 14,071 0 0
SPDR Trust Series 1 COM 78462F103 14,276 69,353 SH   SOLE 1 69,353 0 0
Spectra Energy Corp COM 847560109 11,396 349,568 SH   SOLE 1 349,568 0 0
Spectra Energy Partners LP COM 84756N109 5,714 123,957 SH   SOLE 1 123,957 0 0
Spirit Realty Capital COM 84860W102 500,273 51,734,519 SH   SOLE 1,2 28,094,806 0 23,639,713
Sprague Resources COM 849343108 7,554 293,945 SH   SOLE 1 293,945 0 0
SPX Corporation COM 784635104 11,355 156,864 SH   SOLE 1 55,424 0 101,440
STAG Industrial Inc. COM 85254J102 33,700 1,684,985 SH   SOLE 1 1,684,985 0 0
Starbucks Corporation COM 855244109 11,948 222,845 SH   SOLE 1 48,245 0 174,600
Starwood Waypoint Reside COM 85571W109 85,219 3,586,641 SH   SOLE 1,2 2,794,327 0 792,314
Stone Harbor Emerging Market COM 86164T107 1,127 74,952 SH   SOLE 1 66,574 0 8,378
Store Capital Corp COM 862121100 2,304 114,603 SH   SOLE 1 114,603 0 0
Strategic Hotels & Resorts I COM 86272T106 114,349 9,434,743 SH   SOLE 1 1,885,765 0 7,548,978
Suburban Propane Partners LP COM 864482104 6,472 162,288 SH   SOLE 1 162,288 0 0
Summit Hotel Properties COM 866082100 3,614 277,801 SH   SOLE 1 0 0 277,801
Summit Midstream Partners Lp COM 866142102 7,854 237,720 SH   SOLE 1 237,720 0 0
Sun Communities Inc. COM 866674104 305,767 4,945,291 SH   SOLE 1,2 4,069,475 0 875,816
Suncor Energy Inc COM 867224107 1,552 56,320 SH   SOLE 1 51,020 0 5,300
Sunoco Logistics Partners LP COM 86764L108 5,198 136,675 SH   SOLE 1 136,675 0 0
Sunstone Hotel Investors Inc. COM 867892101 248,875 16,580,607 SH   SOLE 1,2 11,180,339 0 5,400,268
Sunstone Hotel Pfd. D PFD 867892507 20,017 761,095 SH   SOLE 1 652,745 0 108,350
Tallgrass Energy GP LP COM 874696107 31,914 992,649 SH   SOLE 1,2 970,227 0 22,422
Tallgrass Energy Partners LP COM 874697105 19,762 411,028 SH   SOLE 1 411,028 0 0
Targa Resources Corp. COM 87612G101 4,691 52,578 SH   SOLE 1 52,578 0 0
Targa Resources Partners Lp COM 87611X105 9,883 256,046 SH   SOLE 1 256,046 0 0
Taubman Centers Inc. COM 876664103 2,889 41,566 SH   SOLE 1 41,566 0 0
TC Pipelines LP COM 87233Q108 6,225 109,207 SH   SOLE 1 109,207 0 0
TE Connectivity Ltd. COM H84989104 1,631 25,364 SH   SOLE 1 21,364 0 4,000
Teekay Corp. COM Y8564W103 44,841 1,047,188 SH   SOLE 1,2 1,006,441 0 40,747
Teekay Lng Partners Lp COM Y8564M105 1,207 37,496 SH   SOLE 1 37,496 0 0
Teekay Offshore Partners Lp COM Y8565J101 16,407 811,033 SH   SOLE 1 811,033 0 0
Templeton Global Income Fund COM 880198106 475 67,615 SH   SOLE 1 61,609 0 6,006
Tesoro Logistics LP COM 88160T107 825 14,446 SH   SOLE 1 14,446 0 0
The Allstate Corporation COM 020002101 13,324 205,400 SH   SOLE 1 147,900 0 57,500
The Est?e Lauder Companies Inc. COM 518439104 5,286 61,000 SH   SOLE 1 0 0 61,000
The Hartford Financial Services Group Inc. COM 416515104 15,210 365,900 SH   SOLE 1 184,200 0 181,700
The Home Depot Inc. COM 437076102 7,612 68,500 SH   SOLE 1 0 0 68,500
The Kroger Co. COM 501044101 18,422 254,068 SH   SOLE 1 98,568 0 155,500
The Macerich Company COM 554382101 681,684 9,137,852 SH   SOLE 1,2 5,559,571 0 3,578,281
The Mosaic Company COM 61945C103 1,901 40,574 SH   SOLE 1 40,574 0 0
The PNC Financial Services Group Inc. COM 693475105 14,357 150,100 SH   SOLE 1 70,300 0 79,800
The Procter & Gamble Company COM 742718109 258 3,300 SH   SOLE 1 0 0 3,300
The Walt Disney Company COM 254687106 35,337 309,593 SH   SOLE 1 108,993 0 200,600
The Williams Companies Inc. COM 969457100 127,793 2,226,741 SH   SOLE 1,2 2,169,226 0 57,515
Thermo Fisher Scientific Inc. COM 883556102 16,230 125,077 SH   SOLE 1 54,186 0 70,891
Tortoise Energy Infrastructu COM 89147L100 2,707 73,335 SH   SOLE 1 73,335 0 0
TransCanada Corp. COM 89353D107 86,844 2,135,933 SH   SOLE 1 2,049,697 0 86,236
Transocean Partners LLP COM Y8977Y100 839 60,676 SH   SOLE 1 60,676 0 0
Transunion COM 89400J107 3,138 125,000 SH   SOLE 1 64,210 0 60,790
Tyson Foods Inc. COM 902494103 31,661 742,693 SH   SOLE 1 303,993 0 438,700
UDR Inc. COM 902653104 1,314,169 41,029,325 SH   SOLE 1,2 26,484,440 0 14,544,885
UMH Properties Inc. Pfd. A PFD 903002202 4,301 164,795 SH   SOLE 1 50,000 0 114,795
Union Pacific Corporation COM 907818108 120,902 1,267,713 SH   SOLE 1,2 1,250,844 0 16,869
United Continental Holdings Inc. COM 910047109 12,565 237,024 SH   SOLE 1 96,924 0 140,100
United Parcel Service Inc. COM 911312106 194 2,000 SH   SOLE 1 0 0 2,000
United Technologies Corporation COM 913017109 8,408 75,800 SH   SOLE 1 0 0 75,800
Urban Edge Properties COM 91704F104 42,918 2,064,373 SH   SOLE 1 48,704 0 2,015,669
Urstadt Biddle Prop Pr.G PFD 917286809 6,471 244,388 SH   SOLE 1 28,800 0 215,588
USA Compression Partners LP COM 90290N109 15,408 804,186 SH   SOLE 1 804,186 0 0
V.F. Corporation COM 918204108 9,631 138,100 SH   SOLE 1 34,300 0 103,800
Vale S.A. ADR ADR 91912E105 750 127,300 SH   SOLE 1 127,300 0 0
Valero Energy Partners COM 91914J102 8,279 162,071 SH   SOLE 1 162,071 0 0
Van Kampen Dynamic Credit Op COM 46132R104 2,069 178,202 SH   SOLE 1 178,202 0 0
Vanguard S&P 500 ETF COM 922908363 4,794 25,387 SH   SOLE 1 25,387 0 0
Ventas Inc. COM 92276F100 220,084 3,544,597 SH   SOLE 1 985,302 0 2,559,295
Verizon Communications Inc. COM 92343V104 12,888 276,499 SH   SOLE 1 127,699 0 148,800
Visa Inc. COM 92826C839 26,584 395,892 SH   SOLE 1 122,992 0 272,900
Vornado Realty Trust COM 929042109 1,545,177 16,277,019 SH   SOLE 1,2 9,316,944 0 6,960,075
Vtti Energy Partners LP COM Y9384M101 4,460 178,132 SH   SOLE 1 178,132 0 0
W.W. Grainger Inc. COM 384802104 7,833 33,100 SH   SOLE 1 4,400 0 28,700
Wal-Mart Stores Inc. COM 931142103 6,554 92,397 SH   SOLE 1 16,197 0 76,200
Washington Prime Group, Inc. COM 92939N102 844 62,404 SH   SOLE 1 62,404 0 0
Weingarten Realty Investors COM 948741103 325,989 9,972,142 SH   SOLE 1,2 4,932,786 0 5,039,356
Wells Fargo & Co. 7.5% PFD 949746804 529 450 SH   SOLE 1 450 0 0
Wells Fargo & Company COM 949746101 25,837 459,413 SH   SOLE 1 251,587 0 207,826
Wells Fargo Advantage Income Fund COM 94987B105 1,813 219,243 SH   SOLE 1 195,105 0 24,138
Wells Fargo Advantage Multi-Sector Fund COM 94987D101 2,285 180,527 SH   SOLE 1 161,978 0 18,549
Western Asset Global Corp. COM 95790C107 1,386 80,815 SH   SOLE 1 71,806 0 9,009
Western Asset Global High In COM 95766B109 1,159 112,050 SH   SOLE 1 96,400 0 15,650
Western Asset High Yield Defined Opportunity Fd. COM 95768B107 1,298 84,285 SH   SOLE 1 75,800 0 8,485
Western Asset Managed Munici COM 95766M105 263 19,527 SH   SOLE 1 19,527 0 0
Western Asset Municipal Part COM 95766P108 686 45,726 SH   SOLE 1 45,726 0 0
Western Asset Premier Bond COM 957664105 785 58,561 SH   SOLE 1 58,561 0 0
Western Gas Partners LP COM 958254104 9 135 SH   SOLE 1 135 0 0
Williams Partners LP COM 96949L105 42,071 868,689 SH   SOLE 1 868,689 0 0
Wisconsin Energy Corporation COM 92939U106 814 18,094 SH   SOLE 1 18,094 0 0
Xcel Energy Inc. COM 98389B100 57,969 1,801,385 SH   SOLE 1,2 1,783,710 0 17,675
Xilinx Inc. COM 983919101 7,331 166,000 SH   SOLE 1 81,000 0 85,000
Zimmer Biomet Holdings Inc. COM 98956P102 17,586 161,000 SH   SOLE 1 65,600 0 95,400