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 386 3,600 SH   DFND 1 3,600 0 0
AGRIUM INC COM 008916108 6,185 57,692 SH   DFND 1 0 0 57,692
AMEREN CORP COM 023608102 908 15,700 SH   DFND 1 15,700 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 86,524 1,959,770 SH   DFND 1 1,620,720 0 339,050
AMERICAN ELEC PWR INC COM 025537101 113,759 1,619,580 SH   DFND 1 1,549,080 0 70,500
AMERICAN HOMES 4 RENT CL A 02665T306 166,304 7,660,241 SH   DFND 1 6,437,545 0 1,222,696
AMERICAN TOWER CORP NEW COM 03027X100 325,250 2,379,643 SH   DFND 1 2,202,364 0 177,279
APPLE INC COM 037833100 10,335 67,060 SH   DFND 1 67,060 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 383 9,000 SH   DFND 1 9,000 0 0
ARCHROCK PARTNERS L P COM UNITS REPSTG 03957U100 7,371 516,900 SH   DFND 1 516,900 0 0
AVANGRID INC COM 05351W103 3,125 65,900 SH   DFND 1 65,900 0 0
BHP BILLITON LTD SPONSORED ADR 088606108 5,820 143,600 SH   DFND 1 0 0 143,600
BP PLC SPONSORED ADR 055622104 11,113 289,166 SH   DFND 1 132,066 0 157,100
BOARDWALK PIPELINE PARTNERS UT LTD PARTNER 096627104 31,367 2,133,781 SH   DFND 1 2,028,681 0 105,100
BRIXMOR PPTY GROUP INC COM 11120U105 112,559 5,987,196 SH   DFND 1 4,991,124 0 996,072
BROOKFIELD GLOBL LISTED INFR COM SHS 11273Q109 1,767 130,784 SH   DFND 1 0 0 130,784
BROOKFIELD REAL ASSETS INCOM SHS BEN INT 112830104 1,012 42,522 SH   DFND 1 0 0 42,522
BUNGE LIMITED COM G16962105 382 5,500 SH   DFND 1 5,500 0 0
CBL & ASSOC PPTYS INC COM 124830100 112,000 13,349,258 SH   DFND 1 11,333,068 0 2,016,190
CF INDS HLDGS INC COM 125269100 387 11,000 SH   DFND 1 11,000 0 0
CMS ENERGY CORP COM 125896100 45,387 979,859 SH   DFND 1 928,959 0 50,900
CALATLANTIC GROUP INC COM 128195104 8,106 221,300 SH   DFND 1 221,300 0 0
CANADIAN NATL RY CO COM 136375102 695 8,380 SH   DFND 1 8,380 0 0
CANADIAN PAC RY LTD COM 13645T100 465 2,770 SH   DFND 1 2,770 0 0
CATCHMARK TIMBER TR INC CL A 14912Y202 1,325 105,100 SH   DFND 1 105,100 0 0
CHENIERE ENERGY INC COM NEW 16411R208 28,209 626,300 SH   DFND 1 588,700 0 37,600
CHEVRON CORP NEW COM 166764100 5,881 50,050 SH   DFND 1 0 0 50,050
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 88,305 8,442,155 SH   DFND 1 8,057,855 0 384,300
COCA COLA CO COM 191216100 7,283 161,800 SH   DFND 1 161,800 0 0
CORENERGY INFRASTRUCTURE TR DEP SHS REPSTG 21870U304 169 6,500 SH   DFND 1 6,500 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 240,099 2,401,472 SH   DFND 1 2,005,572 0 395,900
DDR CORP COM 23317H102 93,769 10,236,770 SH   DFND 1 8,577,170 0 1,659,600
DELTIC TIMBER CORP COM 247850100 1,326 15,000 SH   DFND 1 15,000 0 0
DUKE REALTY CORP COM NEW 264411505 144,287 5,006,474 SH   DFND 1 4,131,257 0 875,217
EQT MIDSTREAM PARTNERS LP UNIT LTD PARTN 26885B100 12,617 168,290 SH   DFND 1 168,290 0 0
EDISON INTL COM 281020107 177,592 2,301,307 SH   DFND 1 2,202,007 0 99,300
ENABLE MIDSTREAM PARTNERS LP COM UNIT RP IN 292480100 2,574 161,100 SH   DFND 1 161,100 0 0
ENBRIDGE ENERGY PARTNERS L P COM 29250R106 32,854 2,055,933 SH   DFND 1 1,928,333 0 127,600
ENBRIDGE INC COM 29250N105 253,064 6,055,669 SH   DFND 1 5,624,698 0 430,971
ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273V100 33,350 1,918,900 SH   DFND 1 1,780,000 0 138,900
ENERGY TRANSFER PARTNERS LP UNIT LTD PRT INT 29278N103 127,638 6,978,593 SH   DFND 1 6,534,943 0 443,650
ENTERPRISE PRODS PARTNERS L COM 293792107 109,226 4,189,736 SH   DFND 1 3,834,836 0 354,900
EQUINIX INC COM PAR $0.001 29444U700 128,548 288,031 SH   DFND 1 240,381 0 47,650
EQUITY COMWLTH CUM PFD S D 6.5% 294628201 928 34,846 SH   DFND 1 34,846 0 0
ESSEX PPTY TR INC COM 297178105 129,392 509,356 SH   DFND 1 424,368 0 84,988
EVERSOURCE ENERGY COM 30040W108 913 15,110 SH   DFND 1 15,110 0 0
EXXON MOBIL CORP COM 30231G102 6,099 74,400 SH   DFND 1 0 0 74,400
F M C CORP COM NEW 302491303 411 4,600 SH   DFND 1 4,600 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 105,461 849,055 SH   DFND 1 709,948 0 139,107
FIRSTENERGY CORP COM 337932107 60,217 1,953,180 SH   DFND 1 1,869,080 0 84,100
FORTRESS TRANS INFRST INVS L COM REP LTD LIAB 34960P101 9,636 534,157 SH   DFND 1 0 0 534,157
GENERAL MLS INC COM 370334104 7,101 137,196 SH   DFND 1 137,196 0 0
GRAMERCY PPTY TR COM NEW 385002308 122,099 4,036,323 SH   DFND 1 3,337,836 0 698,487
HUDSON PAC PPTYS INC COM 444097109 116,927 3,487,250 SH   DFND 1 2,902,808 0 584,442
INGREDION INC COM 457187102 398 3,300 SH   DFND 1 3,300 0 0
JOHNSON & JOHNSON COM 478160104 9,966 76,656 SH   DFND 1 76,656 0 0
KELLOGG CO COM 487836108 6,120 98,120 SH   DFND 1 98,120 0 0
KILROY RLTY CORP COM 49427F108 115,239 1,620,348 SH   DFND 1 1,359,211 0 261,137
KINDER MORGAN INC DEL COM 49456B101 214,395 11,178,050 SH   DFND 1 10,349,850 0 828,200
KRAFT HEINZ CO COM 500754106 388 5,000 SH   DFND 1 5,000 0 0
LASALLE HOTEL PPTYS COM SH BEN INT 517942108 70,693 2,436,018 SH   DFND 1 2,102,818 0 333,200
LEXINGTON REALTY TRUST PFD CONV SER C 529043309 305 5,959 SH   DFND 1 5,959 0 0
M/I HOMES INC COM 55305B101 2,993 111,979 SH   DFND 1 111,979 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 99,322 3,287,708 SH   DFND 1 2,947,889 0 339,819
MGM RESORTS INTERNATIONAL COM 552953101 2,933 90,000 SH   DFND 1 90,000 0 0
MPLX LP COM UNIT REP LTD 55336V100 61,471 1,755,812 SH   DFND 1 1,621,059 0 134,753
MCDONALDS CORP COM 580135101 10,020 63,950 SH   DFND 1 63,950 0 0
MID AMER APT CMNTYS INC COM 59522J103 155,572 1,455,578 SH   DFND 1 1,209,578 0 246,000
MONDELEZ INTL INC CL A 609207105 9,207 226,450 SH   DFND 1 226,450 0 0
MONSANTO CO NEW COM 61166W101 395 3,300 SH   DFND 1 3,300 0 0
MOSAIC CO NEW COM 61945C103 399 18,500 SH   DFND 1 18,500 0 0
NRG YIELD INC CL A NEW 62942X306 9,779 515,500 SH   DFND 1 515,500 0 0
NEXTERA ENERGY INC COM 65339F101 1,386 9,460 SH   DFND 1 9,460 0 0
NUSTAR GP HOLDINGS LLC UNIT RESTG LLC 67059L102 2,240 101,800 SH   DFND 1 101,800 0 0
OASIS MIDSTREAM PARTNERS LP COM UNITS REPS 67420T206 8,775 517,400 SH   DFND 1 517,400 0 0
PG&E CORP COM 69331C108 203,052 2,982,119 SH   DFND 1 2,851,019 0 131,100
PNC FINL SVCS GROUP INC COM 693475105 1,782 13,220 SH   DFND 1 13,220 0 0
PARK HOTELS RESORTS INC COM 700517105 153,760 5,579,109 SH   DFND 1 4,744,055 0 835,054
PATTERN ENERGY GROUP INC CL A 70338P100 74,132 3,076,000 SH   DFND 1 2,960,600 0 115,400
PEMBINA PIPELINE CORP COM 706327103 158,839 4,524,981 SH   DFND 1 4,327,781 0 197,200
PENNSYLVANIA RL ESTATE INVT SH BEN INT 709102107 7,465 711,600 SH   DFND 1 711,600 0 0
PFIZER INC COM 717081103 6,787 190,125 SH   DFND 1 190,125 0 0
PHILIP MORRIS INTL INC COM 718172109 8,466 76,265 SH   DFND 1 76,265 0 0
PHILLIPS 66 PARTNERS LP COM UNIT REP INT 718549207 35,562 676,600 SH   DFND 1 631,600 0 45,000
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 55,088 2,599,700 SH   DFND 1 2,445,100 0 154,600
POTASH CORP SASK INC COM 73755L107 393 20,400 SH   DFND 1 20,400 0 0
POTASH CORP SASK INC COM 73755L107 6,116 317,900 SH   DFND 1 0 0 317,900
POTLATCH CORP NEW COM 737630103 1,316 25,800 SH   DFND 1 25,800 0 0
PROCTER AND GAMBLE CO COM 742718109 7,390 81,230 SH   DFND 1 81,230 0 0
PROLOGIS INC COM 74340W103 189,037 2,978,839 SH   DFND 1 2,478,649 0 500,190
PUBLIC STORAGE COM 74460D109 149,567 698,944 SH   DFND 1 583,540 0 115,404
QTS RLTY TR INC COM CL A 74736A103 151,406 2,891,642 SH   DFND 1 2,435,725 0 455,917
RAYONIER INC COM 754907103 1,306 45,200 SH   DFND 1 45,200 0 0
RICE MIDSTREAM PARTNERS LP UNIT LTD PARTN 762819100 38,639 1,845,234 SH   DFND 1 1,759,634 0 85,600
RIO TINTO PLC SPONSORED ADR 767204100 5,880 124,600 SH   DFND 1 0 0 124,600
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 12,602 201,500 SH   DFND 1 99,500 0 102,000
SBA COMMUNICATIONS CORP NEW CL A 78410G104 123,932 860,342 SH   DFND 1 818,042 0 42,300
SL GREEN RLTY CORP COM 78440X101 174,114 1,718,461 SH   DFND 1 1,449,896 0 268,565
STAG INDL INC COM 85254J102 887 32,300 SH   DFND 1 32,300 0 0
SEMPRA ENERGY COM 816851109 145,293 1,273,046 SH   DFND 1 1,204,846 0 68,200
SIMON PPTY GROUP INC NEW COM 828806109 484,931 3,011,805 SH   DFND 1 2,538,394 0 473,411
SOUTHWEST GAS HOLDINGS INC COM 844895102 54,132 697,400 SH   DFND 1 675,700 0 21,700
STATOIL ASA SPONSORED ADR 85771P102 6,459 321,500 SH   DFND 1 0 0 321,500
SUNCOR ENERGY INC NEW COM 867224107 6,644 189,500 SH   DFND 1 0 0 189,500
TOTAL S A SPONSORED ADR 89151E109 5,542 103,550 SH   DFND 1 0 0 103,550
TRI POINTE GROUP INC COM 87265H109 4,404 318,900 SH   DFND 1 318,900 0 0
TANGER FACTORY OUTLET CTRS I COM 875465106 10,295 421,600 SH   DFND 1 421,600 0 0
TARGA RES CORP COM 87612G101 105,017 2,220,232 SH   DFND 1 2,140,132 0 80,100
TEEKAY OFFSHORE PARTNERS L P PARTNERSHIP UN Y8565J101 417 175,207 SH   DFND 1 175,207 0 0
TRANSCANADA CORP COM 89353D107 279,510 5,652,743 SH   DFND 1 5,286,443 0 366,300
UNION PAC CORP COM 907818108 1,156 9,970 SH   DFND 1 9,970 0 0
VENTAS INC COM 92276F100 128,997 1,980,606 SH   DFND 1 1,680,425 0 300,181
VERIZON COMMUNICATIONS INC COM 92343V104 809 16,350 SH   DFND 1 16,350 0 0
VERMILION ENERGY INC COM 923725105 1,618 45,500 SH   DFND 1 45,500 0 0
VISTRA ENERGY CORP COM 92840M102 743 39,766 SH   DFND 1 39,766 0 0
WELLTOWER INC COM 95040Q104 130,907 1,862,654 SH   DFND 1 1,559,540 0 303,114
WESTERN GAS PARTNERS LP COM UNIT LP IN 958254104 29,999 585,008 SH   DFND 1 553,008 0 32,000
WEYERHAEUSER CO COM 962166104 7,162 210,458 SH   DFND 1 62,248 0 148,210
WILLIAMS COS INC DEL COM 969457100 171,512 5,715,152 SH   DFND 1 5,476,433 0 238,719
WILLIAMS PARTNERS L P NEW COM UNIT LTD PAR 96949L105 4,417 113,539 SH   DFND 1 113,539 0 0
XCEL ENERGY INC COM 98389B100 1,380 29,170 SH   DFND 1 29,170 0 0
General Growth Properties Common Stock 36174X101 6,781,808 326,519,413 SH   DFND 2 0 0 0
SP Plus Common Stock 78469C103 56 1,425 SH   SOLE 2 0 0 0
ABM Common Stock 000957100 15 353 SH   SOLE 2 0 0 0
Norbord Inc. COM 65548P403 524,740 13,772,897 SH   DFND 2 0 0 0
Regency CTRS Corp. Common Stock 758849103 35 566 SH   DFND 2 566 0 0
ALTABA INC COMMON 021346101 9,936 150,000 SH   DFND 3 150,000 0 0
BHP BILLITON PLC SPNSORED ADR 05545E209 4,053 100,000 SH Put DFND 3 100,000 0 0
CIVEO CORP CDA COMMON 17878Y108 3,096 1,086,351 SH   DFND 3 1,086,351 0 0
DOUBLE EAGLE ACQUISITION COR W EXP 09/16/2020 G28195116 759 1,100,000 SH   DFND 3 1,100,000 0 0
DOUBLE EAGLE ACQUISITION COR COMMON G28195124 10,100 1,000,000 SH   DFND 3 1,000,000 0 0
DYNEGY INC NEW DEL COMMON 26817R108 4,406 450,000 SH   DFND 3 450,000 0 0
HC2 HLDGS INC COMMON 404139107 2,832 536,373 SH   DFND 3 536,373 0 0
HECLA MNG CO COMMON 422704106 1,506 300,000 SH   DFND 3 300,000 0 0
JONES ENERGY INC CL A COM 48019R108 2,924 1,522,732 SH   DFND 3 1,522,732 0 0
KRATON CORPORATION COMMON 50077C106 17,457 431,670 SH   DFND 3 431,670 0 0
OCEAN RIG UDW INC COMMON G66964118 7,034 295,938 SH   DFND 3 295,938 0 0
PEABODY ENERGY CORP COMMON 704551100 4,051 139,630 SH   DFND 3 139,630 0 0
PEABODY ENERGY CORP COMMON 704551100 5,802 200,000 SH Call DFND 3 200,000 0 0
PEABODY ENERGY CORP 8.5% PFD CONV A 704551407 7,254 127,396 SH   DFND 3 127,396 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 25,454 175,000 SH Put DFND 3 175,000 0 0
RYERSON HLDG CORP COMMON 783754104 2,387 220,000 SH   DFND 3 220,000 0 0
SOUTHWESTERN ENERGY CO COMMON 845467109 3,055 500,000 SH   DFND 3 500,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 194,703 775,000 SH Put DFND 3 775,000 0 0
TELEPHONE & DATA SYS INC COMMON 879433829 6,973 250,000 SH   DFND 3 250,000 0 0
TERRAFORM PWR INC CL A COM 88104R100 8,263 625,000 SH   DFND 3 625,000 0 0
T MOBILE US INC COMMON 872590104 1,542 25,000 SH   DFND 3 25,000 0 0
T MOBILE US INC COMMON 872590104 6,783 110,000 SH Call DFND 3 110,000 0 0
KANSAS CITY SOUTHERN Common Stock 485170302 78,809 725,146 SH   DFND 4 0 0 0
Groupe Eurotunnel SE Common Stock 39945F102 76,612 6,357,660 SH   SOLE 4 0 0 0
MPLX LP Common Stock 55336V100 5,311 151,692 SH   SOLE 4 0 0 0
PATTERN ENERGY GROUP INC. Class A shares 70338P100 5,064 210,108 SH   SOLE 4 0 0 0
ENBRIDGE INC. COMMON STOCK 29250N105 25,551 610,686 SH   SOLE 4 0 0 0
PLAINS ALL AMERICAN PIPELINE LP COMMON STOCK 726503105 5,470 258,160 SH   SOLE 4 0 0 0
Vistra Energy Corp COM 92840M102 799,198 42,760,701 SH   DFND 4 0 0 0
TRANSALTA CORPORATION COMMON SHARES 89346D107 81,942 14,007,164 SH   DFND 4 14,007,164 0 0
TERRAFORM POWER INC COMMON SHARES 88104R100 138,149 10,450,000 SH   DFND 4 10,450,000 0 0
TERRAFORM GLOBAL INC COMMON SHARES 88104M101 92,796 19,536,004 SH   DFND 4 19,536,004 0 0
Vistra Energy Corp COM 92840M102 441,268 23,609,866 SH   DFND   0 0 0
Norbord Inc. COM 65548P403 1,069,998 28,084,343 SH   DFND   0 0 0
PEABODY ENERGY CORP COMMON 704551100 30,019 1,034,808 SH   DFND   1,034,808 0 0
KKR & CO L P DEL COM UNITS 48248M102 48,792 2,400,000 SH   DFND   3,943,461 0 0
Brookfield Property Partners LP LP Units G16249107 1,177,739 50,438,485 SH   SOLE   0 0 0
Brookfield Renewable Partners LP LP Units G16258108 1,879,431 56,068,944 SH   SOLE   0 0 0
Brookfield Infrastructure Partners LP LP Units G16252101 10,770 249,645 SH   SOLE   0 0 0
Brookfield Business Partners LP LP Units G16234109 734,853 24,784,250 SH   SOLE   0 0 0