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
Ally Finl Inc Common Stock 02005N100 6,248 270,000 SH   DFND 3 270,000 0 0
American Axle & Mfg Hldgs In Common Stock 024061103 4,025 240,000 SH   DFND 3 240,000 0 0
Boise Cascade Co Del Common Stock 09739D100 11,737 389,400 SH   DFND 3 389,400 0 0
Golar Lng Ltd Bermuda Common Stock G9456A100 2,988 45,000 SH   DFND 3 45,000 0 0
Service Corp Intl Common Stock 817565104 11,419 540,180 SH   DFND 3 540,180 0 0
WCI Cmntys Inc Common Stock 92923C807 5,791 314,033 SH   DFND 3 314,033 0 0
SPDR S&P 500 ETF TR Tr Unit 78462F103 4,926 25,000 SH Put DFND 3 25,000 0 0
BROOKFIELD INFRAST PARTNERS LP INT UNIT LP INT UNIT G16252101 1,859 48,930 SH   DFND   48,930 0 0
Brookfield Residential Properties Inc COM 11283W104 1,536,960 81,493,112 SH   DFND   81,493,112 0 0
GENERAL MOTORS CO *W EXP 07/10/201 37045V126 868 60,000 SH   DFND   0 0 60,000
BROOKFIELD PPTY PARTNERS LP LP UNIT UNIT LTD PARTN G16249107 952,058 45,249,901 SH   DFND   45,249,901 0 0
GENERAL GROWTH PPTYS INC Common Stock 370023103 6,013,635 255,356,037 SH   DFND 2 0 0 255,356,037
ROUSE PPTYS INC Common Stock 779287101 313,498 19,387,624 SH   DFND 2 0 0 19,387,624
BROOKFIELD CDA OFFICE PPTYS TR UNIT 112823109 256,278 10,564,117 SH   DFND 2 10,564,117 0 0
BROOKFIELD RENEWABLE ENERGY PARTNERS L P LIMITED PARTNERSHIP PARTNERSHIP UNIT G16258108 1,222,024 40,026,986 SH   DFND   40,026,986 0 0
Tecumseh Products Company Common Stock 878895309 3,779 878,750 SH   DFND 4 878,750 0 0
ALEXANDERS INC COM 014752109 30,939 82,744 SH   DFND 1 47,381 0 35,363
AMERICAN WTR WKS CO INC NEW COM 030420103 88,753 1,840,211 SH   DFND 1 1,449,411 0 390,800
APPLE INC COM 037833100 10,649 105,700 SH   DFND 1 105,700 0 0
ARMOUR RESIDENTIAL REIT INC COM 042315101 5,960 1,548,100 SH   DFND 1 1,548,100 0 0
ATLAS PIPELINE PARTNERS LP UNIT L P INT 049392103 59,054 1,619,700 SH   DFND 1 1,264,200 0 355,500
AVALONBAY CMNTYS INC COM 053484101 126,338 896,206 SH   DFND 1 567,938 0 328,268
BP PLC SPONSORED ADR 055622104 13,585 309,109 SH   DFND 1 309,109 0 0
BANK OF AMERICA CORPORATION COM 060505104 26,649 1,562,983 SH   DFND 1 1,562,983 0 0
BANK OF AMERICA CORPORATION *W EXP 10/28/201 060505153 432 450,000 SH   DFND 1 450,000 0 0
BOARDWALK PIPELINE PARTNERS UT LTD PARTNER 096627104 17,062 912,430 SH   DFND 1 912,430 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 74,483 5,293,754 SH   DFND 1 3,275,154 0 2,018,600
BREITBURN ENERGY PARTNERS LP COM UT LTD PTN 106776107 266 13,075 SH   DFND 1 13,075 0 0
BROOKDALE SR LIVING INC COM 112463104 110,764 3,437,749 SH   DFND 1 2,325,045 0 1,112,704
BROOKFIELD MTG OPP INC FD INC COM 112792106 398 23,450 SH   DFND 1 23,450 0 0
BUCKEYE PARTNERS L P UNIT LTD PARTN 118230101 4,971 62,414 SH   DFND 1 62,414 0 0
CBL & ASSOC PPTYS INC COM 124830100 253,530 14,163,676 SH   DFND 1 9,825,726 0 4,337,950
CAMDEN PPTY TR SH BEN INT 133131102 88,017 1,284,364 SH   DFND 1 886,064 0 398,300
CEMEX SAB DE CV SPON ADR NEW 151290889 15,114 1,159,040 SH   DFND 1 1,159,040 0 0
CENTURYLINK INC COM 156700106 1,874 45,820 SH   DFND 1 45,820 0 0
CHICAGO BRIDGE & IRON CO N V COM 167250109 1,504 26,000 SH   DFND 1 26,000 0 0
CITIGROUP INC COM NEW 172967424 56,103 1,082,650 SH   DFND 1 1,082,650 0 0
CIVEO CORP COM 178787107 1,621 139,598 SH   DFND 1 139,598 0 0
COCA COLA CO COM 191216100 6,902 161,800 SH   DFND 1 161,800 0 0
COMPANHIA ENERGETICA DE MINA SP ADR N-V PFD 204409601 25,278 4,057,418 SH   DFND 1 3,309,718 0 747,700
CONE MIDSTREAM PARTNERS LP COM UNIT REPST 206812109 8,430 300,000 SH   DFND 1 300,000 0 0
CRESTWOOD EQUITY PARTNERS LP UNIT LTD PARTNER 226344109 62,180 5,882,646 SH   DFND 1 4,688,146 0 1,194,500
CROWN CASTLE INTL CORP COM 228227104 244,827 3,040,192 SH   DFND 1 2,392,292 0 647,900
DCT INDUSTRIAL TRUST INC COM 233153105 47,777 6,361,847 SH   DFND 1 3,786,147 0 2,575,700
DAKOTA PLAINS HLDGS COM 234255107 9,000 3,750,000 SH   DFND 1 3,750,000 0 0
ENABLE MIDSTREAM PARTNERS LP COM UNIT RP IN 292480100 6,222 252,500 SH   DFND 1 252,500 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 105,553 2,619,182 SH   DFND 1 1,734,482 0 884,700
FORD MTR CO DEL COM PAR $0.01 345370860 1,846 124,800 SH   DFND 1 124,800 0 0
GENERAL ELECTRIC CO COM 369604103 1,928 75,250 SH   DFND 1 75,250 0 0
GENERAL MLS INC COM 370334104 6,543 129,696 SH   DFND 1 129,696 0 0
GENESEE & WYO INC CL A 371559105 66,288 695,501 SH   DFND 1 559,591 0 135,910
HSBC HLDGS PLC SPON ADR NEW 404280406 6,996 137,500 SH   DFND 1 137,500 0 0
HALLIBURTON CO COM 406216101 14,154 219,410 SH   DFND 1 219,410 0 0
HIGHWOODS PPTYS INC COM 431284108 116,490 2,994,591 SH   DFND 1 1,883,643 0 1,110,948
HOLLY ENERGY PARTNERS L P COM UT LTD PTN 435763107 2,563 70,400 SH   DFND 1 70,400 0 0
IRON MTN INC COM 462846106 105,406 3,228,388 SH   DFND 1 2,156,919 0 1,071,469
ITC HLDGS CORP COM 465685105 634 17,800 SH   DFND 1 17,800 0 0
JOHNSON & JOHNSON COM 478160104 8,171 76,656 SH   DFND 1 76,656 0 0
KANSAS CITY SOUTHERN COM NEW 485170302 163,686 1,350,544 SH   DFND 1 1,076,544 0 274,000
KELLOGG CO COM 487836108 6,044 98,120 SH   DFND 1 98,120 0 0
LIBERTY PPTY TR SH BEN INT 531172104 58,850 1,769,402 SH   DFND 1 1,224,371 0 545,031
MARKWEST ENERGY PARTNERS L P UNIT LTD PARTN 570759100 80,849 1,052,444 SH   DFND 1 746,744 0 305,700
MCDONALDS CORP COM 580135101 6,063 63,950 SH   DFND 1 63,950 0 0
MONDELEZ INTL INC CL A 609207105 7,427 216,750 SH   DFND 1 216,750 0 0
NORTH AMERN ENERGY PARTNERS COM 656844107 2,829 439,341 SH   DFND 1 439,341 0 0
PEMBINA PIPELINE CORP COM 706327103 35,967 853,505 SH   DFND 1 853,505 0 0
PENNEY J C INC COM 708160106 42,628 4,245,812 SH   DFND 1 3,747,612 0 498,200
PHILIP MORRIS INTL INC COM 718172109 5,780 69,300 SH   DFND 1 69,300 0 0
PHILLIPS 66 COM 718546104 4,114 50,600 SH   DFND 1 50,600 0 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 44,066 748,663 SH   DFND 1 521,063 0 227,600
PROCTER & GAMBLE CO COM 742718109 6,802 81,230 SH   DFND 1 81,230 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 12,461 157,500 SH   DFND 1 157,500 0 0
SEMPRA ENERGY COM 816851109 237,942 2,257,945 SH   DFND 1 1,849,245 0 408,700
SIMON PPTY GROUP INC NEW COM 828806109 215,955 1,313,436 SH   DFND 1 890,224 0 423,212
SPECTRA ENERGY CORP COM 847560109 274,467 6,991,002 SH   DFND 1 5,676,002 0 1,315,000
SUMMIT MIDSTREAM PARTNERS LP COM UNIT LTD 866142102 371 7,300 SH   DFND 1 7,300 0 0
UNION PAC CORP COM 907818108 12,598 116,200 SH   DFND 1 116,200 0 0
VORNADO RLTY TR SH BEN UNIT 929042109 183,413 1,834,863 SH   DFND 1 1,259,876 0 574,987
WASHINGTON PRIME GROUP INC COM 939647103 91,494 5,234,190 SH   DFND 1 3,596,184 0 1,638,006
WASTE CONNECTIONS INC COM 941053100 92,477 1,905,957 SH   DFND 1 1,480,757 0 425,200
WESTLAKE CHEM PARTNERS LP COM UNIT RP LP 960417103 3,625 125,000 SH   DFND 1 125,000 0 0
WEYERHAEUSER CO COM 962166104 15,939 500,282 SH   DFND 1 342,772 0 157,510
WILLIAMS COS INC DEL COM 969457100 247,974 4,480,108 SH   DFND 1 3,762,108 0 718,000
JPMORGAN CHASE & CO *W EXP 10/28/201 46634E114 2,011 100,000 SH   DFND 1 100,000 0 0
BARCLAYS PLC ADR 06738E204 2,253 152,100 SH   DFND 1 152,100 0 0
AES CORP COM 00130H105 1,887 133,050 SH   DFND 1 133,050 0 0
ACCESS MIDSTREAM PARTNERS L UNIT 00434L109 98,565 1,548,784 SH   DFND 1 1,131,884 0 416,900
ALLIANCE HOLDINGS GP LP COM UNITS LP 01861G100 2,318 33,962 SH   DFND 1 33,962 0 0
AMERICAN TOWERS CORP NEW COM 03027X100 384,013 4,101,389 SH   DFND 1 3,303,889 0 797,500
B & G FOODS INC NEW COM 05508R106 380 13,810 SH   DFND 1 13,810 0 0
BEAZER HOMES USA INC COM NEW 07556Q881 8,113 483,467 SH   DFND 1 325,087 0 158,380
BLACKBERRY LTD COM 09228F103 696 70,000 SH   DFND 1 70,000 0 0
BRIXMOR PPTY GROUP INC COM 11120U105 60,412 2,713,904 SH   DFND 1 1,869,404 0 844,500
BROOKFIELD HIGH INCOME FD IN COM 11272P102 111 11,800 SH   DFND 1 11,800 0 0
CBS OUTDOOR AMERS INC COM 14987J106 208,904 6,977,425 SH   DFND 1 4,818,741 0 2,158,684
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 12,222 208,027 SH   DFND 1 208,027 0 0
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 60,819 7,499,318 SH   DFND 1 5,893,218 0 1,606,100
CORENERGY INFRASTRUCTURE TRUST COM 21870U205 3,088 412,900 SH   DFND 1 412,900 0 0
DDR CORP COM 23317H102 6,155 367,900 SH   DFND 1 0 0 367,900
DOUGLAS EMMETT INC COM 25960P109 154,657 6,024,814 SH   DFND 1 4,162,114 0 1,862,700
DUPONT FABROS TECHNOLOGY INC COM 26613Q106 93,758 3,467,398 SH   DFND 1 2,347,439 0 1,119,959
EPR PPTYS CONV PFD 9% SR E 26884U307 5,420 177,698 SH   DFND 1 177,698 0 0
EQT MIDSTREAM PARTNERS LP UNIT LTD PARTN 26885B100 50,585 564,501 SH   DFND 1 397,401 0 167,100
EV ENERGY PARTNERS LP COM UNITS 26926V107 68,063 1,918,884 SH   DFND 1 1,587,939 0 330,945
EAGLE ROCK ENERGY PARTNERS L UNIT 26985R104 1,960 550,465 SH   DFND 1 550,465 0 0
EMERGE ENERGY SVCS LP COM REP PARTN 29102H108 19,685 170,730 SH   DFND 1 170,730 0 0
ENBRIDGE INC COM 29250N105 6,464 135,000 SH   DFND 1 135,000 0 0
ENBRIDGE ENERGY MANAGEMENT L SHS UNITS LLI 29250X103 22,706 610,206 SH   DFND 1 610,206 0 0
ENERGY TRANSFER PRTNRS L P UNIT LTD PARTN 29273R109 11,672 182,400 SH   DFND 1 182,400 0 0
ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273V100 102,367 1,659,382 SH   DFND 1 1,223,682 0 435,700
ENLINK MIDSTREAM PARTNERS LP COM UNIT REP LTD 29336U107 238 7,800 SH   DFND 1 7,800 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 93,693 1,521,480 SH   DFND 1 1,021,681 0 499,799
EXTERRAN PARTNERS LP COM UNITS 30225N105 9,746 332,300 SH   DFND 1 332,300 0 0
FRONTIER COMMUNICATIONS CORP COM 35906A108 4,132 634,644 SH   DFND 1 634,644 0 0
GENERAL MTRS CO COM 37045V100 22,341 699,464 SH   DFND 1 699,464 0 0
GENERAL MTRS CO *W EXP 7/10/201 37045V118 972 43,447 SH   DFND 1 43,447 0 0
GENERAL MTRS CO *W EXP 7/10/201 37045V126 628 43,447 SH   DFND 1 43,447 0 0
GRAMERCY PPTY TR INC COM 38489R100 18,030 3,130,140 SH   DFND 1 2,177,240 0 952,900
HCP INC COM 40414L109 142,505 3,588,655 SH   DFND 1 2,480,246 0 1,108,409
HOST HOTELS & RESORTS INC COM 44107P104 71,545 3,354,214 SH   DFND 1 2,242,091 0 1,112,123
JPMORGAN CHASE & CO COM 46625H100 28,265 469,200 SH   DFND 1 469,200 0 0
KBR INC COM 48242W106 565 30,000 SH   DFND 1 30,000 0 0
KB HOME COM 48666K109 9,754 652,900 SH   DFND 1 460,500 0 192,400
KINDER MORGAN INC DEL COM 49456B101 4,133 107,800 SH   DFND 1 107,800 0 0
MARLIN MIDSTREAM PARTNERS LP COM UTLTD PTN IN 57118V100 2,132 100,000 SH   DFND 1 100,000 0 0
MID-AMER APT CMNTYS INC COM 59522J103 117,838 1,794,942 SH   DFND 1 1,184,842 0 610,100
NRG YIELD INC COM CL A 62942X108 933 19,836 SH   DFND 1 19,836 0 0
NEXTERA ENERGY INC COM 65339F101 939 10,000 SH   DFND 1 10,000 0 0
NISOURCE INC COM 65473P105 118,339 2,887,734 SH   DFND 1 2,331,034 0 556,700
PBF LOGISTICS LP UNIT LTD PTNR 69318Q104 4,684 184,992 SH   DFND 1 184,992 0 0
PATTERN ENERGY GROUP INC CL A 70338P100 6,292 203,490 SH   DFND 1 203,490 0 0
QEP MIDSTREAM PARTNERS LP COM UNIT RP LTD 74735R115 1,580 66,700 SH   DFND 1 66,700 0 0
SBA COMMUNICATIONS CORP COM 78388J106 192,564 1,736,375 SH   DFND 1 1,368,775 0 367,600
SL GREEN RLTY CORP COM 78440X101 215,054 2,122,524 SH   DFND 1 1,460,964 0 661,560
SEMGROUP CORP CL A 81663A105 129,524 1,555,467 SH   DFND 1 1,237,667 0 317,800
SOUTHCROSS ENERGY PARTNERS L COM UNIT LTDPT 84130C100 9,352 438,042 SH   DFND 1 438,042 0 0
TC PIPELINES LP UT COM LTD PRT 87233Q108 4,312 63,676 SH   DFND 1 63,676 0 0
TRI POINTE HOMES INC COM 87265H109 32,068 2,478,175 SH   DFND 1 1,748,775 0 729,400
TERRAFORM PWR INC CL A COM 88104R100 289 10,000 SH   DFND 1 10,000 0 0
TRANSCANADA CORP COM 89353D107 5,573 108,150 SH   DFND 1 108,150 0 0
VECTOR GROUP LTD COM 92240M108 2,981 134,400 SH   DFND 1 134,400 0 0
VENTAS INC COM 92276F100 174,966 2,824,307 SH   DFND 1 1,724,924 0 1,099,383
VERIZON COMMUNICATIONS INC COM 92343V104 375 7,500 SH   DFND 1 7,500 0 0
WCI CMNTYS INC COM PAR $0.01 92923C807 24,173 1,310,885 SH   DFND 1 1,126,885 0 184,000
WINDSTREAM HLDGS INC COM 97382A101 592 54,900 SH   DFND 1 54,900 0 0
SCORPIO BULKERS INC SHS Y7546A106 2,619 450,000 SH   DFND 1 450,000 0 0
TEEKAY CORPORATION COM Y8564W103 76,154 1,147,590 SH   DFND 1 933,090 0 214,500