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
ACCESS MIDSTREAM PARTNERS L UNIT 00434L109 62,783 1,090,934 SH   DFND 1 677,934 0 413,000
AGRIUM INC. COM 008916108 390 4,000 SH   DFND   4,000 0 0
ALEXANDERS INC COM 014752109 2,503 6,933 SH   DFND 1 0 0 6,933
ALLIANCE HOLDINGS GP LP COM UNITS LP 01861G100 5,271 84,850 SH   DFND 1 84,850 0 0
AMERICAN TOWER CORP NEW COM 03027X100 318,894 3,895,126 SH   DFND 1 3,009,026 0 886,100
APPLE INC COM 037833100 10,785 20,100 SH   DFND 1 20,100 0 0
AT&T INC COM 00206R102 2,539 72,385 SH   DFND 1 72,385 0 0
ATLAS PIPELINE PARTNERS LP UNIT L P INT 049392103 27,508 856,694 SH   DFND 1 672,894 0 183,800
AVALONBAY CMNTYS INC COM 053484101 143,494 1,092,706 SH   DFND 1 711,338 0 381,368
B & G FOODS INC NEW COM 05508R106 416 13,810 SH   DFND 1 13,810 0 0
BANK OF AMERICA CORPORATION COM 060505104 32,043 1,862,983 SH   DFND 1 1,862,983 0 0
BANK OF AMERICA CORPORATION *W EXP 10/28/201 060505153 406 450,000 SH   DFND 1 450,000 0 0
BANK OF MONTREAL COM 063671101 451 6,800 SH   DFND   6,800 0 0
BANK OF NOVA SCOTIA COM 064149107 928 16,000 SH   DFND   16,000 0 0
BARRICK GOLD CORP COM 067901108 301 16,900 SH   DFND 1 16,900 0 0
BEAZER HOMES USA INC COM NEW 07556Q881 15,814 787,535 SH   DFND 1 438,655 0 348,880
BLACKBERRY LTD COM 09228F103 566 70,000 SH   DFND 1 70,000 0 0
BOARDWALK PIPELINE PARTNERS UT LTD PARTNER 096627104 25,282 1,885,300 SH   DFND 1 1,885,300 0 0
BOSTON PROPERTIES INC COM 101121101 974 8,500 SH   DFND 1 8,500 0 0
BP PLC SPONSORED ADR 055622104 12,998 270,509 SH   DFND 1 270,509 0 0
BREITBURN ENERGY PARTNERS LP COM UT LTD PTN 106776107 261 13,075 SH   DFND 1 13,075 0 0
BRITISH AMERN TOB PLC SPONSORED ADR 110448107 981 8,800 SH   DFND 1 8,800 0 0
BRIXMOR PPTY GROUP INC COM 11120U105 35,661 1,671,849 SH   DFND 1 1,094,449 0 577,400
BROOKFIELD CANADA OFFICE PROPERTIES TR UNIT 112823109 263,150 10,564,017 SH   DFND   0 0 10,564,017
BROOKFIELD INFRAST PARTNERS LP INT UNIT LP INT UNIT G16252101 1,930 48,930 SH   DFND   0 48,930 0
BROOKFIELD OFFICE PROPERTIES COM 112900105 9,082,764 469,393,505 SH   DFND   0 0 469,393,505
BROOKFIELD PPTY PARTNERS LP LP UNIT UNIT LTD PARTN G16249107 846,174 45,249,931 SH   DFND   0 45,249,931 0
BROOKFIELD RESIDENTIAL PROPERTIES INC COM 11283W104 1,708,911 81,493,112 SH   DFND   0 81,493,112 0
CAMDEN PPTY TR SH BEN INT 133131102 78,176 1,160,910 SH   DFND 1 756,764 0 404,146
CAMPUS CREST CMNTYS INC COM 13466Y105 7,912 911,535 SH   DFND 1 571,435 0 340,100
CANADIAN IMPERIAL BANK OF COMMERCE COM 136069101 500 5,600 SH   DFND   5,600 0 0
CANADIAN NATURAL RESOURCES COM 136385101 330 8,600 SH   DFND   8,600 0 0
CBL & ASSOC PPTYS INC COM 124830100 176,722 9,956,166 SH   DFND 1 6,389,280 0 3,566,886
CEMEX SAB DE CV SPON ADR NEW 151290889 13,614 1,077,900 SH   DFND 1 1,077,900 0 0
CENTURYLINK INC COM 156700106 1,505 45,820 SH   DFND 1 45,820 0 0
CHESAPEAKE LODGING TR SH BEN INT 165240102 14,905 579,278 SH   DFND 1 396,323 0 182,955
CHEVRON CORP NEW COM 166764100 951 8,000 SH   DFND 1 8,000 0 0
CHICAGO BRIDGE & IRON CO N V COM 167250109 2,266 26,000 SH   DFND 1 26,000 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 4,844 106,250 SH   DFND 1 106,250 0 0
CITIGROUP INC COM NEW 172967424 60,825 1,277,940 SH   DFND 1 1,277,940 0 0
COCA COLA CO COM 191216100 6,254 161,800 SH   DFND 1 161,800 0 0
COHEN & STEERS REIT & PFD IN COM 19247X100 5,170 304,100 SH   DFND 1 304,100 0 0
COHEN & STEERS SLT PFD INCM COM 19248Y107 2,000 80,268 SH   DFND 1 80,268 0 0
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 47,471 5,126,483 SH   DFND 1 3,600,783 0 1,525,700
CONOCOPHILLIPS COM 20825C104 1,639 23,300 SH   DFND 1 23,300 0 0
CORENERGY INFRASTRUCTURE TR COM 21870U205 2,787 412,900 SH   DFND 1 412,900 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 38,306 1,437,930 SH   DFND 1 941,730 0 496,200
CRESCENT POINT ENERGY COM 22576C101 912 25,100 SH   DFND   25,100 0 0
CRESTWOOD EQUITY PARTNERS LP UNIT LTD PARTNER 226344109 58,963 4,260,337 SH   DFND 1 3,209,437 0 1,050,900
CRESTWOOD MIDSTREAM PARTNERS UNIT LTD PARTNER 226378107 4,934 218,901 SH   DFND 1 218,900 0 1
CROWN CASTLE INTL CORP CNV PFD STK SR A 228227500 1,953 19,310 SH   DFND 1 19,310 0 0
CROWN CASTLE INTL CORP COM 228227104 95,678 1,296,800 SH   DFND 1 970,800 0 326,000
DCT INDUSTRIAL TRUST INC COM 233153105 60,625 7,693,557 SH   DFND 1 4,648,757 0 3,044,800
DDR CORP COM 23317H102 41,378 2,510,830 SH   DFND 1 1,451,530 0 1,059,300
DOUGLAS EMMETT INC COM 25960P109 93,346 3,439,415 SH   DFND 1 2,200,515 0 1,238,900
DUPONT FABROS TECHNOLOGY INC COM 26613Q106 51,642 2,145,513 SH   DFND 1 1,415,179 0 730,334
EL PASO PIPELINE PARTNERS L COM UNIT LPI 283702108 4,972 163,600 SH   DFND 1 163,600 0 0
EMERGE ENERGY SVCS LP COM REP PARTN 29102H108 13,483 216,700 SH   DFND 1 216,700 0 0
ENBRIDGE ENERGY MANAGEMENT L SHS UNITS LLI 29250X103 7,866 283,863 SH   DFND 1 283,863 0 0
ENBRIDGE INC COM 29250N105 6,144 135,000 SH   DFND 1 135,000 0 0
ENBRIDGE INC. COM 29250N105 610 13,400 SH   DFND   13,400 0 0
ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273V100 83,995 1,796,682 SH   DFND 1 1,279,282 0 517,400
ENERGY TRANSFER PRTNRS L P UNIT LTD PARTN 29273R109 9,349 173,800 SH   DFND 1 173,800 0 0
ENLINK MIDSTREAM PARTNERS LP COM UNIT REP LTD 29336U107 237 7,800 SH   DFND 1 7,800 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 82,701 1,192,341 SH   DFND 1 710,141 0 482,200
EPR PPTYS CONV PFD 9% SR E 26884U307 6,018 197,298 SH   DFND 1 197,298 0 0
EQT MIDSTREAM PARTNERS LP UNIT LTD PARTN 26885B100 45,328 644,501 SH   DFND 1 433,401 0 211,100
EQUITY RESIDENTIAL SH BEN INT 29476L107 113,253 1,952,980 SH   DFND 1 1,272,381 0 680,599
ESSEX PPTY TR INC COM 297178105 36,898 216,981 SH   DFND 1 142,050 0 74,931
EV ENERGY PARTNERS LP COM UNITS 26926V107 63,728 1,902,899 SH   DFND 1 1,562,354 0 340,545
EXTERRAN PARTNERS LP COM UNITS 30225N105 9,471 332,300 SH   DFND 1 332,300 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 1,947 124,800 SH   DFND 1 124,800 0 0
FRONTIER COMMUNICATIONS CORP COM 35906A108 4,532 795,044 SH   DFND 1 795,044 0 0
GENERAL ELECTRIC CO COM 369604103 3,577 138,150 SH   DFND 1 138,150 0 0
GENERAL GROWTH PROPERTIES COM 370023103 5,579,529 255,356,036 SH   DFND 2 0 0 255,356,036
GENERAL MLS INC COM 370334104 6,721 129,696 SH   DFND 1 129,696 0 0
GENERAL MOTORS CO *W EXP 7/10/201 37045V126 1,045 60,000 SH   DFND   0 0 60,000
GENERAL MTRS CO COM 37045V100 22,275 647,164 SH   DFND 1 647,164 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V118 1,079 43,447 SH   DFND 1 43,447 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V126 756 43,447 SH   DFND 1 43,447 0 0
GENESEE & WYO INC CL A 371559105 9,255 95,100 SH   DFND 1 95,100 0 0
GRAMERCY PPTY TR INC COM 38489R100 2,735 530,033 SH   DFND 1 530,033 0 0
HALLIBURTON CO COM 406216101 17,161 291,410 SH   DFND 1 291,410 0 0
HCP INC COM 40414L109 80,627 2,078,555 SH   DFND 1 1,395,146 0 683,409
HIGHWOODS PPTYS INC COM 431284108 121,460 3,162,191 SH   DFND 1 1,944,643 0 1,217,548
HOME LN SERVICING SOLUTIONS ORD SHS G6648D109 3,700 171,360 SH   DFND 1 171,360 0 0
HOST HOTELS & RESORTS INC COM 44107P104 60,575 2,992,814 SH   DFND 1 1,937,391 0 1,055,423
HYATT HOTELS CORP COM CL A 448579102 65,027 1,208,454 SH   DFND 1 792,396 0 416,058
IRON MTN INC COM 462846106 142,046 5,152,214 SH   DFND 1 3,336,445 0 1,815,769
ISHARES CORE S&P SCP ETF 464287804 1,983 18,000 SH   DFND 1 18,000 0 0
ISHARES RUSSELL 2000 ETF 464287655 11,889 102,193 SH   DFND 1 102,193 0 0
ISHARES RUS 1000 ETF 464287622 1,947 18,582 SH   DFND 1 18,582 0 0
ISHARES S&P 500 GRWT ETF 464287309 1,074 10,759 SH   DFND 1 10,759 0 0
ISHARES RUS MID-CAP ETF 464287499 22,288 144,014 SH   DFND 1 144,014 0 0
ISHARES SP SMCP600GR ETF 464287887 1,862 15,652 SH   DFND 1 15,652 0 0
ISHARES EAFE VALUE ETF 464288877 733 12,734 SH   DFND 1 12,734 0 0
ISHARES SP SMCP600VL 464287879 1,746 15,390 SH   DFND 1 15,390 0 0
ISHARES S&P 500 VAL ETF 464287408 791 9,103 SH   DFND 1 9,103 0 0
ISHARES CORE S&P MCP ETF 464287507 5,318 38,683 SH   DFND 1 38,683 0 0
ISHARES CORE S&P500 ETF 464287200 2,729 14,507 SH   DFND 1 14,507 0 0
ISHARES EAFE GRWTH ETF 464288885 745 10,507 SH   DFND 1 10,507 0 0
ISHARES MSCI EMG MKT ETF 464287234 1,867 45,525 SH   DFND 1 45,525 0 0
ISHARES MSCI EAFE ETF 464287465 8,957 133,290 SH   DFND 1 133,290 0 0
ITC HLDGS CORP COM 465685105 1,322 35,400 SH   DFND 1 35,400 0 0
JOHNSON & JOHNSON COM 478160104 7,530 76,656 SH   DFND 1 76,656 0 0
JPMORGAN CHASE & CO COM 46625H100 27,447 452,100 SH   DFND 1 452,100 0 0
JPMORGAN CHASE & CO *W EXP 10/28/201 46634E114 2,020 100,000 SH   DFND 1 100,000 0 0
JUST ENERGY GROUP INC COM 48213W101 266 33,368 SH   DFND   33,368 0 0
KANSAS CITY SOUTHERN COM NEW 485170302 168,032 1,646,400 SH   DFND 1 1,275,100 0 371,300
KBR INC COM 48242W106 800 30,000 SH   DFND 1 30,000 0 0
KELLOGG CO COM 487836108 6,152 98,120 SH   DFND 1 98,120 0 0
KENNEDY-WILSON HLDGS INC COM 489398107 3,031 134,665 SH   DFND 1 85,165 0 49,500
KINDER MORGAN INC DEL COM 49456B101 1,592 49,000 SH   DFND 1 49,000 0 0
LIBERTY PPTY TR SH BEN INT 531172104 89,369 2,418,002 SH   DFND 1 1,595,571 0 822,431
MACK-CALI RLTY CORP COM 554489104 13,105 630,357 SH   DFND 1 368,877 0 261,480
MARKWEST ENERGY PARTNERS L P UNIT LTD PARTN 570759100 69,040 1,056,944 SH   DFND 1 755,644 0 301,300
MARLIN MIDSTREAM PARTNERS LP COM UTLTD PTN IN 57118V100 1,760 100,000 SH   DFND 1 100,000 0 0
MCDONALDS CORP COM 580135101 7,230 73,750 SH   DFND 1 73,750 0 0
MID-AMER APT CMNTYS INC COM 59522J103 121,168 1,774,842 SH   DFND 1 1,136,642 0 638,200
MONDELEZ INTL INC CL A 609207105 7,489 216,750 SH   DFND 1 216,750 0 0
MPLX LP COM UNIT REP LTD 55336V100 20,110 410,492 SH   DFND 1 293,692 0 116,800
NATIONAL GRID PLC SPON ADR NEW 636274300 17,515 254,800 SH   DFND 1 254,800 0 0
NEUBERGER BERMAN RE ES SEC F COM 64190A103 4,681 991,687 SH   DFND 1 991,687 0 0
NEXTERA ENERGY INC COM 65339F101 956 10,000 SH   DFND 1 10,000 0 0
NISOURCE INC COM 65473P105 89,495 2,518,873 SH   DFND 1 1,931,873 0 587,000
NORTH AMERN ENERGY PARTNERS COM 656844107 5,081 705,698 SH   DFND 1 705,698 0 0
NRG YIELD INC COM CL A 62942X108 1,033 26,136 SH   DFND 1 26,136 0 0
NUSTAR ENERGY LP UNIT COM 67058H102 4,951 90,100 SH   DFND 1 90,100 0 0
OGE ENERGY CORP COM 670837103 7,150 194,500 SH   DFND 1 194,500 0 0
ONE GAS INC COM 68235P108 5,195 144,600 SH   DFND 1 144,600 0 0
PATTERN ENERGY GROUP INC CL A 70338P100 1,158 42,700 SH   DFND 1 42,700 0 0
PATTERSON UTI ENERGY INC COM 703481101 1,267 40,000 SH   DFND 1 40,000 0 0
PEMBINA PIPELINE CORP COM 706327103 30,354 797,099 SH   DFND 1 797,099 0 0
PHILIP MORRIS INTL INC COM 718172109 7,382 90,300 SH   DFND 1 90,300 0 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 31,912 578,963 SH   DFND 1 417,163 0 161,800
POST PPTYS INC COM 737464107 16,409 334,200 SH   DFND 1 209,600 0 124,600
PROCTER & GAMBLE CO COM 742718109 6,547 81,230 SH   DFND 1 81,230 0 0
PUBLIC STORAGE COM 74460D109 2,022 12,000 SH   DFND 1 12,000 0 0
QEP MIDSTREAM PARTNERS LP COM UNIT RP LTD 74735R115 1,559 66,700 SH   DFND 1 66,700 0 0
RICE ENERGY INC COM 762760106 2,451 92,892 SH   DFND 1 92,892 0 0
ROUSE COM 779287101 335,600 19,387,624 SH   DFND 2 0 0 19,387,624
ROYAL BANK OF CANADA COM 780087102 1,137 17,400 SH   DFND   17,400 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 10,221 130,900 SH   DFND 1 130,900 0 0
SBA COMMUNICATIONS CORP COM 78388J106 147,728 1,624,100 SH   DFND 1 1,227,600 0 396,500
SCORPIO BULKERS INC SHS Y7546A106 4,549 450,000 SH   DFND 1 450,000 0 0
SEMGROUP CORP CL A 81663A105 111,661 1,700,082 SH   DFND 1 1,337,582 0 362,500
SEMPRA ENERGY COM 816851109 196,730 2,033,173 SH   DFND 1 1,571,873 0 461,300
SIMON PPTY GROUP INC NEW COM 828806109 234,264 1,428,436 SH   DFND 1 889,324 0 539,112
SL GREEN RLTY CORP COM 78440X101 79,235 787,470 SH   DFND 1 511,910 0 275,560
SOUTHCROSS ENERGY PARTNERS L COM UNIT LTDPT 84130C100 8,592 506,900 SH   DFND 1 506,900 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 27,685 148,039 SH   DFND 1 148,039 0 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 3,385 13,510 SH   DFND 1 13,510 0 0
SPECTRA ENERGY CORP COM 847560109 236,169 6,393,302 SH   DFND 1 4,970,302 0 1,423,000
SUN LIFE FINL INC COM 866796105 6,621 191,100 SH   DFND 1 191,100 0 0
SUPERIOR ENERGY SVCS INC COM 868157108 5,617 182,600 SH   DFND 1 182,600 0 0
TALLGRASS ENERGY PARTNERS LP COM UNIT 874697105 5,407 148,500 SH   DFND 1 148,500 0 0
TC PIPELINES LP UT COM LTD PRT 87233Q108 4,932 102,900 SH   DFND 1 102,900 0 0
TEEKAY CORPORATION COM Y8564W103 116,242 2,066,890 SH   DFND 1 1,690,090 0 376,800
TORONTO DOMINION BANK COM NEW 891160509 884 19,000 SH   DFND   19,000 0 0
TRANSCANADA CORP COM 89353D107 4,923 108,150 SH   DFND 1 108,150 0 0
TRANSCANADA CORP COM 89353D107 182 4,000 SH   DFND   4,000 0 0
TRW AUTOMOTIVE HLDGS CORP COM 87264S106 11,651 142,750 SH   DFND 1 142,750 0 0
UIL HLDG CORP COM 902748102 3,004 81,600 SH   DFND 1 81,600 0 0
UNION PAC CORP COM 907818108 10,903 58,100 SH   DFND 1 58,100 0 0
VENTAS INC COM 92276F100 111,185 1,835,645 SH   DFND 1 1,206,462 0 629,183
VERIZON COMMUNICATIONS INC COM 92343V104 357 7,500 SH   DFND 1 7,500 0 0
VORNADO RLTY TR SH BEN INT 929042109 126,516 1,283,649 SH   DFND 1 834,562 0 449,087
WASTE CONNECTIONS INC COM 941053100 91,591 2,088,251 SH   DFND 1 1,529,551 0 558,700
WESTERN REFNG LOGISTICS LP COM UNIT REP LTP 95931Q205 3,669 117,800 SH   DFND 1 117,800 0 0
WEYERHAEUSER CO COM 962166104 81,461 2,775,488 SH   DFND 1 1,826,488 0 949,000
WILLIAMS COS INC DEL COM 969457100 180,925 4,458,481 SH   DFND 1 3,555,281 0 903,200
WINDSTREAM HLDGS INC COM 97382A101 452 54,900 SH   DFND 1 54,900 0 0