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
AGRIUM INC COM 008916108 5,512 57,692 SH   DFND 1 0 0 57,692
AMEREN CORP COM 023608102 104 1,900 SH   DFND 1 1,900 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 108,451 2,278,870 SH   DFND 1 1,994,300 0 284,570
AMERICAN ELEC PWR INC COM 025537101 56,864 847,080 SH   DFND 1 806,280 0 40,800
AMERICAN HOMES 4 RENT CL A 02665T306 139,778 6,087,876 SH   DFND 1 5,293,776 0 794,100
AMERICAN TOWER CORP NEW COM 03027X100 289,744 2,383,943 SH   DFND 1 2,177,964 0 205,979
AMERICAN WTR WKS CO INC NEW COM 030420103 68,329 878,601 SH   DFND 1 825,401 0 53,200
APPLE INC COM 037833100 9,634 67,060 SH   DFND 1 67,060 0 0
ARCH COAL INC CL A 039380407 479 6,943 SH   DFND 1 6,943 0 0
ARCHROCK PARTNERS L P COM UNITS REPSTG 03957U100 1,450 84,500 SH   DFND 1 84,500 0 0
AVALONBAY CMNTYS INC COM 053484101 157,062 855,457 SH   DFND 1 743,626 0 111,831
AVANGRID INC COM 05351W103 2,817 65,900 SH   DFND 1 65,900 0 0
BANK AMER CORP COM 060505104 1,206 51,135 SH   DFND 1 47,160 0 3,975
BHP BILLITON LTD SPONSORED ADR 088606108 6,857 188,800 SH   DFND 1 0 0 188,800
BOARDWALK PIPELINE PARTNERS UT LTD PARTNER 096627104 40,551 2,214,681 SH   DFND 1 2,071,981 0 142,700
BP PLC SPONSORED ADR 055622104 13,511 391,406 SH   DFND 1 227,186 0 164,220
BRIXMOR PPTY GROUP INC COM 11120U105 122,538 5,710,079 SH   DFND 1 4,979,119 0 730,960
BROOKDALE SR LIVING INC COM 112463104 41,307 3,075,702 SH   DFND 1 2,704,601 0 371,101
BROOKFIELD GLOBL LISTED INFR COM SHS 11273Q109 1,554 117,736 SH   DFND 1 0 0 117,736
BROOKFIELD REAL ASSETS INCOM SHS BEN INT 112830104 852 37,399 SH   DFND 1 0 0 37,399
BUCKEYE PARTNERS L P UNIT LTD PARTN 118230101 1,871 27,290 SH   DFND 1 27,290 0 0
CALATLANTIC GROUP INC COM 128195104 6,677 178,300 SH   DFND 1 178,300 0 0
CBL & ASSOC PPTYS INC COM 124830100 125,415 13,146,270 SH   DFND 1 11,689,105 0 1,457,165
CENTURYLINK INC COM 156700106 1,080 45,820 SH   DFND 1 45,820 0 0
CHENIERE ENERGY INC COM NEW 16411R208 61,796 1,307,290 SH   DFND 1 1,233,490 0 73,800
CHENIERE ENERGY PARTNERS LP COM UNIT 16411Q101 9,170 283,800 SH   DFND 1 283,800 0 0
CHEVRON CORP NEW COM 166764100 5,374 50,050 SH   DFND 1 0 0 50,050
CITIGROUP INC COM NEW 172967424 2,596 43,390 SH   DFND 1 40,350 0 3,040
CIVEO CORP CDA COM 17878Y108 4,484 1,499,820 SH   DFND 1 1,499,820 0 0
CMS ENERGY CORP COM 125896100 159 3,559 SH   DFND 1 3,559 0 0
COCA COLA CO COM 191216100 6,867 161,800 SH   DFND 1 161,800 0 0
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 45,825 4,402,020 SH   DFND 1 4,106,020 0 296,000
CONE MIDSTREAM PARTNERS LP COM UNIT REPST 206812109 938 39,713 SH   DFND 1 39,713 0 0
CORENERGY INFRASTRUCTURE TR DEP SHS REPSTG 21870U304 275 10,900 SH   DFND 1 10,900 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 149,599 1,583,900 SH   DFND 1 1,498,900 0 85,000
CSX CORP COM 126408103 54 1,159 SH   DFND 1 1,159 0 0
DDR CORP COM 23317H102 24,881 1,985,700 SH   DFND 1 1,726,800 0 258,900
DEVON ENERGY CORP NEW COM 25179M103 1,064 25,500 SH   DFND 1 23,700 0 1,800
EDISON INTL COM 281020107 158,422 1,989,977 SH   DFND 1 1,882,977 0 107,000
ENABLE MIDSTREAM PARTNERS LP COM UNIT RP IN 292480100 15,582 933,600 SH   DFND 1 878,000 0 55,600
ENBRIDGE ENERGY MANAGEMENT L SHS UNITS LLI 29250X103 14,563 790,605 SH   DFND 1 788,205 0 2,400
ENBRIDGE ENERGY PARTNERS L P COM 29250R106 31,480 1,656,833 SH   DFND 1 1,548,833 0 108,000
ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273V100 56,609 2,869,200 SH   DFND 1 2,608,900 0 260,300
ENERGY TRANSFER PRTNRS L P UNIT LTD PARTN 29273R109 82,509 2,259,294 SH   DFND 1 2,113,494 0 145,800
ENTERPRISE PRODS PARTNERS L COM 293792107 115,619 4,187,561 SH   DFND 1 3,871,261 0 316,300
EPR PPTYS PFD C CNV 5.75% 26884U208 98 3,403 SH   DFND 1 3,403 0 0
EQT MIDSTREAM PARTNERS LP UNIT LTD PARTN 26885B100 10,654 138,550 SH   DFND 1 132,850 0 5,700
EQUITY COMWLTH CUM PFD S D 6.5% 294628201 990 38,746 SH   DFND 1 38,746 0 0
ESSEX PPTY TR INC COM 297178105 159,286 687,972 SH   DFND 1 598,982 0 88,990
EV ENERGY PARTNERS LP COM UNITS 26926V107 24 16,011 SH   DFND 1 16,011 0 0
EVERSOURCE ENERGY COM 30040W108 106 1,810 SH   DFND 1 1,810 0 0
EXXON MOBIL CORP COM 30231G102 4,593 56,000 SH   DFND 1 0 0 56,000
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 101,874 763,100 SH   DFND 1 664,600 0 98,500
FIRSTENERGY CORP COM 337932107 1,690 53,120 SH   DFND 1 53,120 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 1,453 124,800 SH   DFND 1 124,800 0 0
FORTRESS TRANS INFRST INVS L COM REP LTD LIAB 34960P101 7,964 534,157 SH   DFND 1 0 0 534,157
GENERAL ELECTRIC CO COM 369604103 2,242 75,250 SH   DFND 1 75,250 0 0
GENERAL MLS INC COM 370334104 7,653 129,696 SH   DFND 1 129,696 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V126 610 34,193 SH Call DFND 1 34,193 0 0
GENERAL MTRS CO COM 37045V100 788 22,276 SH   DFND 1 22,276 0 0
GRAMERCY PPTY TR COM NEW 385002308 92,280 3,508,740 SH   DFND 1 3,057,704 0 451,036
HERSHA HOSPITALITY TR PR SHS BEN INT 427825500 56,628 3,013,725 SH   DFND 1 2,669,375 0 344,350
HUDSON PAC PPTYS INC COM 444097109 145,349 4,195,994 SH   DFND 1 3,681,614 0 514,380
ION GEOPHYSICAL CORP COM NEW 462044207 183 37,750 SH   DFND 1 37,750 0 0
JOHNSON & JOHNSON COM 478160104 9,548 76,656 SH   DFND 1 76,656 0 0
JONES LANG LASALLE INC COM 48020Q107 4,179 37,500 SH   DFND 1 37,500 0 0
KELLOGG CO COM 487836108 7,124 98,120 SH   DFND 1 98,120 0 0
KEYCORP NEW COM 493267108 1,645 92,520 SH   DFND 1 86,020 0 6,500
KILROY RLTY CORP COM 49427F108 173,747 2,410,474 SH   DFND 1 2,109,184 0 301,290
KINDER MORGAN INC DE COM 49456B101 226,019 10,396,470 SH   DFND 1 9,657,070 0 739,400
LEXINGTON REALTY TRUST PFD CONV SER C 529043309 325 6,459 SH   DFND 1 6,459 0 0
LIFE STORAGE INC COM 53223X107 93,223 1,135,200 SH   DFND 1 989,100 0 146,100
M/I HOMES INC COM 55305B101 3,979 162,400 SH   DFND 1 162,400 0 0
MCDONALDS CORP COM 580135101 8,289 63,950 SH   DFND 1 63,950 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 76,231 5,913,940 SH   DFND 1 5,162,640 0 751,300
MGM GROWTH PPTYS LLC CL A COM 55303A105 86,968 3,215,081 SH   DFND 1 2,964,981 0 250,100
MGM RESORTS INTERNATIONAL COM 552953101 6,787 247,700 SH   DFND 1 247,700 0 0
MONDELEZ INTL INC CL A 609207105 9,338 216,750 SH   DFND 1 216,750 0 0
MPLX LP COM UNIT REP LTD 55336V100 46,496 1,288,697 SH   DFND 1 1,184,244 0 104,453
NATIONAL RETAIL PPTYS INC COM 637417106 74 1,700 SH   DFND 1 1,700 0 0
NEXTERA ENERGY INC COM 65339F101 32,720 254,888 SH   DFND 1 247,988 0 6,900
NISOURCE INC COM 65473P105 46,935 1,972,879 SH   DFND 1 1,892,624 0 80,255
NRG YIELD INC CL C 62942X405 1,685 95,200 SH   DFND 1 95,200 0 0
NRG YIELD INC CL A NEW 62942X306 8,965 515,500 SH   DFND 1 515,500 0 0
NUSTAR GP HOLDINGS LLC UNIT RESTG LLC 67059L102 1,943 69,500 SH   DFND 1 69,500 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 85,880 2,603,226 SH   DFND 1 2,335,273 0 267,953
PARK HOTELS RESORTS INC COM 700517105 152,290 5,932,598 SH   DFND 1 5,183,223 0 749,375
PATTERN ENERGY GROUP INC CL A 70338P100 45,119 2,241,400 SH   DFND 1 2,114,200 0 127,200
PEBBLEBROOK HOTEL TR COM 70509V100 103,751 3,551,910 SH   DFND 1 3,137,200 0 414,710
PFIZER INC COM 717081103 8,498 248,395 SH   DFND 1 244,325 0 4,070
PG&E CORP COM 69331C108 222,513 3,353,119 SH   DFND 1 3,156,319 0 196,800
PHILIP MORRIS INTL INC COM 718172109 8,610 76,265 SH   DFND 1 76,265 0 0
PHILLIPS 66 PARTNERS LP COM UNIT REP INT 718549207 28,222 549,600 SH   DFND 1 508,600 0 41,000
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 40,268 1,273,900 SH   DFND 1 1,162,000 0 111,900
PNC FINL SVCS GROUP INC COM 693475105 2,430 20,210 SH   DFND 1 18,780 0 1,430
POTASH CORP SASK INC UNIT LTD PARTN 73755L107 5,430 317,900 SH   DFND 1 0 0 317,900
PROCTER AND GAMBLE CO COM 742718109 7,299 81,230 SH   DFND 1 81,230 0 0
PROLOGIS INC COM 74340W103 227,403 4,383,250 SH   DFND 1 3,818,500 0 564,750
PUBLIC STORAGE COM 74460D109 126,598 578,310 SH   DFND 1 503,860 0 74,450
QTS RLTY TR INC COM CL A 74736A103 75,662 1,552,050 SH   DFND 1 1,352,800 0 199,250
RICE MIDSTREAM PARTNERS LP UNIT LTD PARTN 762819100 52,921 2,098,371 SH   DFND 1 1,970,971 0 127,400
RIO TINTO PLC SPONSORED ADR 767204100 7,007 172,250 SH   DFND 1 0 0 172,250
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 14,787 264,850 SH   DFND 1 158,350 0 106,500
SBA COMMUNICATIONS CORP NEW CL A 78410G104 104,636 869,287 SH   DFND 1 820,287 0 49,000
SEMPRA ENERGY COM 816851109 86,649 784,155 SH   DFND 1 747,855 0 36,300
SIMON PPTY GROUP INC NEW COM 828806109 418,764 2,434,250 SH   DFND 1 2,139,279 0 294,971
SL GREEN RLTY CORP COM 78440X101 128,189 1,202,300 SH   DFND 1 1,054,900 0 147,400
SM ENERGY CO COM 78454L100 541 22,540 SH   DFND 1 20,960 0 1,580
STAG INDL INC COM 85254J102 62,369 2,492,779 SH   DFND 1 2,169,089 0 323,690
STATOIL ASA SPONSORED ADR 85771P102 5,523 321,500 SH   DFND 1 0 0 321,500
SUNOCO LOGISTICS PRTNRS L P COM UNITS 86764L108 30,473 1,247,852 SH   DFND 1 1,156,052 0 91,800
TARGA RESOURCES CORP COM 87612G101 91,756 1,531,812 SH   DFND 1 1,465,212 0 66,600
TEEKAY OFFSHORE PARTNERS L P PARTNERSHIP UN Y8565J101 238 46,864 SH   DFND 1 46,864 0 0
TESORO LOGISTICS LP COM UNIT LP 88160T107 2,947 54,100 SH   DFND 1 54,100 0 0
TOTAL S A SPONSORED ADR 89151E109 5,221 103,550 SH   DFND 1 0 0 103,550
TRI POINTE HOMES INC COM 87265H109 4,539 362,000 SH   DFND 1 362,000 0 0
UNION PAC CORP COM 907818108 135 1,270 SH   DFND 1 1,270 0 0
WELLTOWER INC COM 95040Q104 140,476 1,983,558 SH   DFND 1 1,734,218 0 249,340
WELLTOWER INC 6.50% PFD PREPET 95040Q203 518 8,200 SH   DFND 1 8,200 0 0
WESTERN GAS PARTNERS LP COM UNIT LP IN 958254104 37,177 615,008 SH   DFND 1 570,108 0 44,900
WEYERHAEUSER CO COM 962166104 14,552 428,258 SH   DFND 1 280,048 0 148,210
WHITING PETE CORP NEW COM 966387102 964 101,900 SH   DFND 1 94,800 0 7,100
WILLIAMS COS INC DEL COM 969457100 130,476 4,409,462 SH   DFND 1 4,186,143 0 223,319
WILLIAMS PARTNERS L P NEW COM UNIT LTD PAR 96949L105 12,099 296,320 SH   DFND 1 296,320 0 0
XCEL ENERGY INC COM 98389B100 163 3,670 SH   DFND 1 3,670 0 0
ZAYO GROUP HLDGS INC COM 98919V105 2,148 65,300 SH   DFND 1 65,300 0 0
General Growth Properties Common Stock 36174X101 5,985,855 258,233,612 SH   SOLE 2 258,233,612 0 0
Brookfield Canada Office Properties Common Stock 112823109 247,861 10,564,117 SH   SOLE 2 10,564,117 0 0
Regency CTRS Corp. Common Stock 758849103 38 546 SH   DFND 2 546 0 0
BROOKDALE SR LIVING INC COMMON 112463104 2,686 200,000 SH   DFND 3 200,000 0 0
CIVEO CORP CDA COMMON 17878Y108 3,439 1,150,000 SH   DFND 3 1,150,000 0 0
CLOUD PEAK ENERGY INC COMMON 18911Q102 1,374 300,000 SH   DFND 3 300,000 0 0
DYNEGY INC NEW DEL COMMON 26817R108 2,358 300,000 SH   DFND 3 300,000 0 0
EVERI HLDGS INC COMMON 30034T103 4,790 1,000,000 SH   DFND 3 1,000,000 0 0
HELCA MNG CO COMMON 422704106 3,174 600,000 SH   DFND 3 600,000 0 0
INTERACTIVE BROKERS GROUP IN COMMON 45841N107 1,736 50,000 SH   DFND 3 50,000 0 0
INTELSAT S A COMMON L5140P101 917 220,946 SH   DFND 3 220,946 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 28,183 205,000 SH Put DFND 3 205,000 0 0
KRATON CORP COMMON 50077C106 13,914 450,000 SH   DFND 3 450,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 120,817 512,500 SH Put DFND 3 512,500 0 0
TELEPHONE & DATA SYS INC COMMON 879433829 9,544 360,000 SH   DFND 3 360,000 0 0
TERRAFORM PWR INC CL A COM 88104R100 7,731 625,000 SH   DFND 3 625,000 0 0
TRINITY INDS INC COMMON 896522109 13,275 500,000 SH Call DFND 3 500,000 0 0
PowerShares Senior Loan 464287242 49,850 2,143,163 SH   DFND 4 2,143,163 0 0
Ishares IBOXX Investment Grade 73936Q769 49,734 421,798 SH   DFND 4 421,798 0 0
TRANSALTA CORPORATION COMMON SHARES 89346D107 82,222 14,007,164 SH   DFND 4 14,007,164 0 0
TERRAFORM POWER INC COMMON SHARES 88104R100 129,267 10,450,000 SH   DFND 4 10,450,000 0 0
Norbord Inc. COM 65548P403 493,879 17,322,897 SH   DFND 2 17,322,897 0 0
BROOKFIELD INFRAST PARTNERS LP INT UNIT LP Units G16252101 9,654 249,645 SH   DFND   249,645 0 0
BROOKFIELD PPTY PARTNERS LP LP UNIT LP Units G16249107 1,127,804 50,438,485 SH   DFND   50,332,307 0 0
BROOKFIELD RENEWABLE ENERGY PARTNERS LP LIMITED PARTNERSHIP LP Units G16258108 1,510,260 51,125,944 SH   DFND   51,125,944 0 0
Brookfield Business Partners LP LP Units G16234109 610,683 24,784,250 SH   DFND   24,784,250 0 0
Norbord Inc. COM 65548P403 800,675 28,084,343 SH   DFND   28,084,343 0 0
KKR & CO L P DEL COM 48248M102 91,585 5,023,861 SH   DFND   5,023,861 0 0