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
Accenture PLC COM G1151C101 283 2,500 SH   SOLE 1 0 0 2,500
Aetna Inc. COM 00817Y108 12,209 99,968 SH   SOLE 1 40,468 0 59,500
AGIC Convertible & Income FD II COM 018825109 11,296 2,127,265 SH   SOLE 1 2,093,140 0 34,125
AGIC Convertible & Income Fund COM 018828103 12,490 2,030,915 SH   SOLE 1 1,993,354 0 37,561
Agree Realty Corp. COM 008492100 3,395 70,371 SH   SOLE 1 70,371 0 0
Agrium Inc COM 008916108 2,550 28,200 SH   SOLE 1 28,200 0 0
Air Products and Chemicals Inc. COM 009158106 71 500 SH   SOLE 1 0 0 500
ALCOA Inc. COM 013817101 1,420 153,204 SH   SOLE 1 153,204 0 0
Alexandria Real Estate Equities COM 015271109 661,664 6,391,651 SH   SOLE 1,2 3,448,020 0 2,943,631
Allegion plc COM G0176J109 3,356 48,341 SH   SOLE 1 48,341 0 0
AllianceBernstein Global High Income Fund COM 01879R106 3,593 292,615 SH   SOLE 1 276,153 0 16,462
Alliant Energy Corporation COM 018802108 56,001 1,410,594 SH   SOLE 1,2 1,184,994 0 225,600
Alphabet Inc CL A COM 02079K305 31,651 44,989 SH   SOLE 1 15,199 0 29,790
Altria Group Inc. COM 02209S103 23,131 335,430 SH   SOLE 1 125,830 0 209,600
American Assets Trust Inc. COM 024013104 28,259 665,854 SH   SOLE 1 665,854 0 0
American Campus Communities COM 024835100 454,846 8,603,093 SH   SOLE 1,2 4,213,801 0 4,389,292
American Homes 4 Rent-CL COM 02665T306 77,904 3,803,923 SH   SOLE 1,2 3,255,023 0 548,900
American International Group Inc. COM 026874784 9,594 181,400 SH   SOLE 1 24,300 0 157,100
American Tower Corporation COM 03027X100 279,021 2,455,957 SH   SOLE 1,2 2,254,378 0 201,579
American Water Works Company Inc. COM 030420103 87,415 1,034,376 SH   SOLE 1,2 1,001,951 0 32,425
Amerigas Partners LP COM 030975106 3,664 78,468 SH   SOLE 1 78,468 0 0
Ameriprise Financial Inc. COM 03076C106 11,824 131,600 SH   SOLE 1 62,400 0 69,200
Amgen Inc. COM 031162100 10,036 65,962 SH   SOLE 1 9,262 0 56,700
Anadarko Petroleum Corporation COM 032511107 14,401 270,437 SH   SOLE 1 178,737 0 91,700
Analog Devices Inc. COM 032654105 187 3,300 SH   SOLE 1 0 0 3,300
Antero Midstream Partners LP COM 03673L103 20,651 740,960 SH   SOLE 1 740,960 0 0
Antero Resources Corporation COM 03674X106 2,229 85,800 SH   SOLE 1 85,800 0 0
Anthem Inc. COM 036752103 197 1,500 SH   SOLE 1 0 0 1,500
Apartment Investment & Management Co. COM 03748R101 999,482 22,633,195 SH   SOLE 1,2 14,598,421 0 8,034,774
Apartment Invt & Mgmt Co 6.875 % Pfd A PFD 03748R762 17,336 642,090 SH   SOLE 1 467,456 0 174,634
APPLE Inc. COM 037833100 35,257 368,800 SH   SOLE 1 117,900 0 250,900
Arc Logistics Partners LP COM 03879N101 1,348 103,693 SH   SOLE 1 103,693 0 0
Archer-Daniels-Midland Company COM 039483102 6,174 143,957 SH   SOLE 1 143,957 0 0
Ares Dynamic Credit Allocation COM 04014F102 3,541 257,500 SH   SOLE 1 257,500 0 0
Ashford Hospitality Trust Pfd. E PFD 044103505 16,410 638,530 SH   SOLE 1 448,370 0 190,160
Assurant Inc. COM 04621X108 4,695 54,400 SH   SOLE 1 54,400 0 0
AT&T Inc. COM 00206R102 24,781 573,500 SH   SOLE 1 423,700 0 149,800
Atmos Energy Corp. COM 049560105 118,393 1,455,895 SH   SOLE 1,2 1,437,578 0 18,317
AvalonBay Communities Inc. COM 053484101 1,836 10,178 SH   SOLE 1 10,178 0 0
Baker Hughes Incorporated COM 057224107 23,098 511,800 SH   SOLE 1 329,300 0 182,500
Bank of America Corporation COM 060505104 15,035 1,133,000 SH   SOLE 1 631,250 0 501,750
Barclays Bank 8.25% CORP BOND 06738EAA3 65,468 66,675,000 SH   SOLE 1 66,675,000 0 0
Barclays Bank PLC 6.625% (BCS) PFD 06739F390 517 20,200 SH   SOLE 1 20,200 0 0
Barclays Bank PLC Pfd. A PFD 06739H776 28,246 1,097,343 SH   SOLE 1 1,094,716 0 2,627
Barclays Bank PLC Pfd. D PFD 06739H362 38,653 1,495,236 SH   SOLE 1 1,482,777 0 12,459
Barrick Gold Corp. COM 067901108 3,871 181,326 SH   SOLE 1 181,326 0 0
Bed Bath & Beyond Inc. COM 075896100 9,046 209,300 SH   SOLE 1 96,600 0 112,700
Blackrock Build America Bond COM 09248X100 1,248 51,190 SH   SOLE 1 46,480 0 4,710
Blackrock Corporate High Yield Fund 6 COM 09255P107 171 16,358 SH   SOLE 1 0 0 16,358
Blackrock Debt Strategies Fund COM 09255R103 294 83,300 SH   SOLE 1 83,300 0 0
Blackrock Enh Cap And Inc COM 09256A109 2,829 210,301 SH   SOLE 1 210,301 0 0
Blackrock Glbl Flt Rt Inc Tr COM 091941104 776 59,799 SH   SOLE 1 59,799 0 0
Blackrock Inc. COM 09247X101 13,150 38,392 SH   SOLE 1 19,333 0 19,059
Blackrock Limited Duration Income Trust COM 09249W101 1,983 130,016 SH   SOLE 1 122,596 0 7,420
Blackrock Muniholdings Insur COM 09254P108 721 44,699 SH   SOLE 1 44,699 0 0
Boardwalk Pipeline Partners LP COM 096627104 11 620 SH   SOLE 1 620 0 0
Boston Properties Inc. COM 101121101 28,471 215,850 SH   SOLE 1 215,850 0 0
BP PLC-Sponsored ADR ADR 055622104 5,663 159,472 SH   SOLE 1 159,472 0 0
BRF - Brasil Foods SA ADR ADR 10552T107 1,659 119,100 SH   SOLE 1 119,100 0 0
Brixmor Property Group COM 11120U105 980,195 37,044,411 SH   SOLE 1,2 18,385,334 0 18,659,077
Broadcom Ltd COM Y09827109 32,377 208,346 SH   SOLE 1 81,346 0 127,000
Brookdale Senior Living Inc. COM 112463104 95,313 6,173,115 SH   SOLE 1 5,594,493 0 578,622
Buckeye Partners LP COM 118230101 67,623 961,516 SH   SOLE 1,2 930,699 0 30,817
Bunge Limited COM G16962105 4,138 69,950 SH   SOLE 1 69,950 0 0
Cadence Design Systems Inc. COM 127387108 12,578 517,600 SH   SOLE 1 226,000 0 291,600
Calamos Convertible & High Income Fund COM 12811P108 1,975 186,144 SH   SOLE 1 172,781 0 13,363
Calamos Strat Tot Return Fd COM 128125101 1,541 155,930 SH   SOLE 1 155,930 0 0
Camden Property Trust COM 133131102 403,011 4,557,918 SH   SOLE 1,2 1,734,673 0 2,823,245
Canadian National Railway COM 136375102 25,435 432,978 SH   SOLE 1 432,978 0 0
Canadian Pacific Railway Ltd COM 13645T100 23,347 182,293 SH   SOLE 1,2 182,293 0 0
Cardinal Health Inc. COM 14149Y108 7,910 101,400 SH   SOLE 1 0 0 101,400
Caretrust REIT Inc COM 14174T107 21,667 1,572,369 SH   SOLE 1,2 1,553,900 0 18,469
CBRE Clarion Global Real Estate Income Fund COM 12504G100 1,591 193,362 SH   SOLE 1 193,362 0 0
CF Industries Holdings Inc. COM 125269100 1,331 55,210 SH   SOLE 1 55,210 0 0
Cheniere Energy Inc. COM 16411R208 37,354 994,780 SH   SOLE 1,2 924,575 0 70,205
Cheniere Energy Partners LP COM 16411Q101 10,215 340,714 SH   SOLE 1 340,714 0 0
Cheniere Energy Partners LP LLC COM 16411W108 883 44,326 SH   SOLE 1 44,326 0 0
Chevron Corporation COM 166764100 6,541 62,400 SH   SOLE 1 60,400 0 2,000
Chubb Ltd COM H1467J104 21,423 163,900 SH   SOLE 1 91,500 0 72,400
Cigna Corporation COM 125509109 11,645 90,984 SH   SOLE 1 46,284 0 44,700
Cisco Systems Inc. COM 17275R102 16,893 588,800 SH   SOLE 1 226,200 0 362,600
Clearbridge Energy Mlp COM 184692101 1,282 80,464 SH   SOLE 1 80,464 0 0
Clearbridge Energy MLP Opport COM 18469P100 1,072 81,926 SH   SOLE 1 81,926 0 0
Clough Global Opportunities Fund COM 18914E106 4,244 454,917 SH   SOLE 1 446,160 0 8,757
CMS Energy Corporation COM 125896100 132,392 2,886,869 SH   SOLE 1,2 2,822,189 0 64,680
Colony Capital 7.125% (CLNY C) PFD 19624R403 14,416 616,353 SH   SOLE 1 596,202 0 20,151
Colony Starwood Homes COM 19625X102 74,890 2,461,879 SH   SOLE 1,2 2,207,227 0 254,652
Columbia Selig Prem Tech Equity COM 19842X109 1,294 78,017 SH   SOLE 1 78,017 0 0
Conocophillips COM 20825C104 16,765 384,512 SH   SOLE 1 224,412 0 160,100
Consumer Discretionary Selt COM 81369Y407 5,022 64,340 SH   SOLE 1 64,340 0 0
Corenergy Infrastructure Trust Inc. COM 21870U502 10,506 364,153 SH   SOLE 1 364,153 0 0
Costco Wholesale Corporation COM 22160K105 8,591 54,704 SH   SOLE 1 6,804 0 47,900
Cousins Properties Inc. COM 222795106 45,419 4,367,176 SH   SOLE 1,2 2,220,830 0 2,146,346
Crestwood Equity Partners LP COM 226344208 4,548 225,612 SH   SOLE 1 225,612 0 0
Crown Castle International Corp. COM 22822V101 417,289 4,114,062 SH   SOLE 1,2 1,856,361 0 2,257,701
CSG Guernsey 7.875% 2/24/41 CORP BOND EI5762501 1,005 1,000,000 SH   SOLE 1 1,000,000 0 0
CSX Corporation COM 126408103 43,028 1,649,840 SH   SOLE 1,2 1,278,609 0 371,231
CubeSmart COM 229663109 610,245 19,761,823 SH   SOLE 1,2 13,720,343 0 6,041,480
CVS Health Corporation COM 126650100 26,167 273,313 SH   SOLE 1 101,138 0 172,175
CyrusOne Inc COM 23283R100 38,304 688,177 SH   SOLE 1 688,177 0 0
D.R. Horton Inc. COM 23331A109 10,272 326,300 SH   SOLE 1 107,800 0 218,500
DCP Midstream Partners LP COM 23311P100 10,536 305,491 SH   SOLE 1 305,491 0 0
DDR Corp. COM 23317H102 691,314 38,109,947 SH   SOLE 1,2 18,055,884 0 20,054,063
Deutsche Bank AG COM D18190898 819 59,800 SH   SOLE 1 59,800 0 0
Diamondrock Hospitality Co. COM 252784301 69,681 7,716,600 SH   SOLE 1 7,343,644 0 372,956
Digital Realty Trust Inc. COM 253868103 1,121,699 10,291,762 SH   SOLE 1,2 4,933,516 0 5,358,246
Discover Financial Services COM 254709108 5,638 105,200 SH   SOLE 1 102,300 0 2,900
Dominion Resources Inc. COM 25746U109 92,275 1,184,077 SH   SOLE 1,2 1,111,201 0 72,876
Doubleline Income Solutions COM 258622109 4,448 242,389 SH   SOLE 1 229,100 0 13,289
Douglas Emmett Inc. COM 25960P109 572,392 16,114,639 SH   SOLE 1,2 10,890,778 0 5,223,861
Dte Energy Company COM 233331107 37,000 373,284 SH   SOLE 1,2 373,284 0 0
Dupont Fabros Technology Inc. COM 26613Q106 320,244 6,736,296 SH   SOLE 1,2 5,971,790 0 764,506
Dynagas LNG Partners LP COM Y2188B108 2,007 147,066 SH   SOLE 1 147,066 0 0
Eaton Corporation plc COM G29183103 8,529 142,800 SH   SOLE 1 30,500 0 112,300
Eaton Vance Enh Eqt Inc Ii COM 278277108 829 64,524 SH   SOLE 1 64,524 0 0
Eaton Vance Floating Rate Income Trust COM 278279104 1,278 95,174 SH   SOLE 1 95,174 0 0
Eaton Vance Insured Muni Bnd COM 27827X101 166 11,739 SH   SOLE 1 11,739 0 0
Eaton Vance Limited Duration Fund COM 27828H105 4,211 313,336 SH   SOLE 1 299,959 0 13,377
Eaton Vance Senior Income Trust COM 27826S103 2,643 439,845 SH   SOLE 1 439,845 0 0
Eaton Vance Sr Fltg Rate Trust COM 27828Q105 3,327 254,342 SH   SOLE 1 249,376 0 4,966
Eaton Vance T/A Global Dividend Income COM 27828S101 6,014 417,918 SH   SOLE 1 417,918 0 0
Eaton Vance T/M Buy-Write Opportunity COM 27828Y108 14,231 962,837 SH   SOLE 1 962,837 0 0
Eaton Vance Tax Adv Global Dividend O COM 27828U106 3,480 163,058 SH   SOLE 1 163,058 0 0
Eaton Vance Tax Man Global Br COM 27829C105 5,999 577,341 SH   SOLE 1 577,341 0 0
Eaton Vance Tax-Adv Dvd. Inc. Fund COM 27828G107 20,439 1,015,327 SH   SOLE 1 992,291 0 23,036
Eaton Vance Tax-Managed Dividend COM 27828N102 14,814 1,423,040 SH   SOLE 1 1,393,250 0 29,790
Eaton Vance Tax-Managed Global COM 27829F108 13,693 1,599,617 SH   SOLE 1 1,599,617 0 0
Ecolab Inc. COM 278865100 8,504 71,700 SH   SOLE 1 26,500 0 45,200
Edison International COM 281020107 132,319 1,703,603 SH   SOLE 1,2 1,638,454 0 65,149
Education Realty Trust Inc. COM 28140H203 377,196 8,175,024 SH   SOLE 1,2 4,292,220 0 3,882,804
Empire State Realty Trust COM 292104106 185,753 9,781,610 SH   SOLE 1,2 8,651,441 0 1,130,169
Enable Midstream Partners LP COM 292480100 3,912 289,536 SH   SOLE 1 289,536 0 0
Enbridge Energy Mgmt LLC COM 29250X103 12,716 552,625 SH   SOLE 1 552,625 0 0
Enbridge Energy Partners LP COM 29250R106 10,672 460,000 SH   SOLE 1 460,000 0 0
Enbridge Inc. COM 29250N105 93,597 2,220,976 SH   SOLE 1,2 2,070,432 0 150,544
Energy Transfer Equity Lp COM 29273V100 5,658 393,709 SH   SOLE 1 393,709 0 0
Energy Transfer Partners LP COM 29273R109 44,993 1,181,850 SH   SOLE 1 1,181,850 0 0
EnLink Midstream Partners LP COM 29336U107 4,727 284,226 SH   SOLE 1 284,226 0 0
Enterprise Products Partners COM 293792107 95,518 3,264,443 SH   SOLE 1,2 3,206,960 0 57,483
Entertainment Properties Trust Pfd. E PFD 26884U307 12,700 339,404 SH   SOLE 1 251,000 0 88,404
EOG Resources Inc. COM 26875P101 3,587 43,000 SH   SOLE 1 43,000 0 0
EQT Corporation COM 26884L109 491 6,339 SH   SOLE 1 6,339 0 0
EQT Midstream Partners LP COM 26885B100 21,128 263,116 SH   SOLE 1 263,116 0 0
Equifax Inc. COM 294429105 14,161 110,290 SH   SOLE 1 44,990 0 65,300
Equinix Inc. COM 29444U700 1,493,101 3,850,877 SH   SOLE 1,2 1,819,431 0 2,031,446
Equity Commonwealth COM 294628102 170 5,841 SH   SOLE 1 0 0 5,841
Equity Commonwealth Pfd. D PFD 294628201 14,971 568,604 SH   SOLE 1 419,913 0 148,691
Equity Lifestyle Properties COM 29472R108 240,099 2,999,366 SH   SOLE 1,2 406,841 0 2,592,525
Equity Residential COM 29476L107 308,335 4,476,410 SH   SOLE 1 1,013,858 0 3,462,552
Essex Property Trust Inc. COM 297178105 1,268,814 5,562,780 SH   SOLE 1,2 3,242,882 0 2,319,898
Eversource Energy COM 30040W108 29,982 500,540 SH   SOLE 1,2 500,540 0 0
Expedia Inc. COM 30212P303 9,950 93,600 SH   SOLE 1 0 0 93,600
Extended Stay America Inc. COM 30224P200 76,841 5,139,854 SH   SOLE 1,2 4,582,445 0 557,409
Exterran Partners LP COM 03957U100 2,146 158,460 SH   SOLE 1 158,460 0 0
Extra Space Storage Inc. COM 30225T102 736,393 7,957,561 SH   SOLE 1,2 3,683,732 0 4,273,829
Exxon Mobil Corporation COM 30231G102 21,212 226,281 SH   SOLE 1 132,147 0 94,134
Federal Realty Investment Trust COM 313747206 58,271 351,985 SH   SOLE 1 0 0 351,985
FedEx Corporation COM 31428X106 18,563 122,300 SH   SOLE 1 51,600 0 70,700
Fiduciary/Claymore MLP Oppor COM 31647Q106 1,583 114,720 SH   SOLE 1 114,720 0 0
Fifth Third Bancorp COM 316773100 11,315 643,275 SH   SOLE 1 283,175 0 360,100
Financial Select Sector SPDR COM 81369Y605 4,577 200,487 SH   SOLE 1 200,487 0 0
First Trust Aberdeen Global Fund COM 337319107 1,864 162,942 SH   SOLE 1 147,800 0 15,142
First Trust Energy Income and Growth Fund COM 33738G104 12,878 505,420 SH   SOLE 1 503,249 0 2,171
First Trust MLP and Energy Inc COM 33739B104 1,851 118,426 SH   SOLE 1 118,426 0 0
First Trust New Opportunites MLP COM 33739M100 3,924 279,257 SH   SOLE 1 279,257 0 0
First Trust/Four Crns Sr F 2 COM 33733U108 1,366 106,340 SH   SOLE 1 106,340 0 0
Flah & Crum/Claymore Preferred S I COM 338478100 1,215 56,081 SH   SOLE 1 46,422 0 9,659
Flah & Crum/Claymore Total Return Fund COM 338479108 2,375 108,384 SH   SOLE 1 100,125 0 8,259
Flaherty & Crumrine Dynamic COM 33848W106 3,107 128,129 SH   SOLE 1 108,922 0 19,207
Ford Motor Company COM 345370860 11,546 918,500 SH   SOLE 1 421,100 0 497,400
Four Corners Property Trust COM 35086T109 33,189 1,611,894 SH   SOLE 1,2 941,296 0 670,598
Franklin Limited Duration Income Trust COM 35472T101 1,362 117,424 SH   SOLE 1 109,200 0 8,224
Gabelli Dividend & Income Trust COM 36242H104 20,103 1,050,857 SH   SOLE 1 1,034,819 0 16,038
Gabelli Equity Trust COM 362397101 12,245 2,230,445 SH   SOLE 1 2,202,987 0 27,458
Gabelli Global Healthcare & WellnessRx Trust COM 36246K103 897 83,954 SH   SOLE 1 83,954 0 0
Gaming and Leisure Prop COM 36467J108 301,020 8,730,268 SH   SOLE 1,2 8,107,632 0 622,636
GasLog Ltd. COM G37585109 627 48,296 SH   SOLE 1 48,296 0 0
General Dynamics Corporation COM 369550108 9,427 67,700 SH   SOLE 1 65,900 0 1,800
General Electric Company COM 369604103 15,076 478,900 SH   SOLE 1 181,000 0 297,900
General Growth Properties Inc. COM 370023103 854,908 28,668,953 SH   SOLE 1,2 10,204,941 0 18,464,012
Genesis Energy LP COM 371927104 14,426 375,970 SH   SOLE 1 375,970 0 0
Gilead Sciences Inc. COM 375558103 9,117 109,291 SH   SOLE 1 36,991 0 72,300
Golar LNG Partners LP COM Y2745C102 9,989 544,969 SH   SOLE 1 544,969 0 0
Goldcorp Inc COM 380956409 6,402 334,645 SH   SOLE 1 334,645 0 0
GoldCorp. Inc. COM 380956409 1,083 56,900 SH   SOLE 1 56,900 0 0
Gramercy Property Trust COM 385002100 4,340 470,683 SH   SOLE 1,2 449,459 0 21,224
Grupo Aeroportuario PAC - ADR ADR 400506101 11,846 115,421 SH   SOLE 1,2 74,580 0 40,841
Guggenheim Build America COM 401664107 858 36,676 SH   SOLE 1 32,189 0 4,487
Guggenheim Strategic Opp Fund COM 40167F101 907 50,008 SH   SOLE 1 50,008 0 0
Hanesbrands Inc. COM 410345102 17,379 691,569 SH   SOLE 1 292,569 0 399,000
HCP Inc. COM 40414L109 1,429,005 40,390,203 SH   SOLE 1,2 21,187,958 0 19,202,245
Healthcare Trust of America COM 42225P501 603,946 18,674,882 SH   SOLE 1,2 10,589,579 0 8,085,303
Highwoods Properties Inc. COM 431284108 189,893 3,596,451 SH   SOLE 1 0 0 3,596,451
Hilton Worldwide Holdings Inc. COM 43300A104 336,051 14,915,734 SH   SOLE 1,2 13,295,755 0 1,619,979
Hoegh LNG Partners LP COM Y3262R100 4,699 263,268 SH   SOLE 1 263,268 0 0
Honeywell International Inc. COM 438516106 21,228 182,500 SH   SOLE 1 70,000 0 112,500
Host Hotels & Resorts Inc. COM 44107P104 559,588 34,521,138 SH   SOLE 1,2 8,308,192 0 26,212,946
HSBC Holdings 6.375% NEW CORP BOND 404280AT6 860 900,000 SH   SOLE 1 900,000 0 0
HSBC Holdings 6.875% CORP BOND 404280BC2 70,224 70,400,000 SH   SOLE 1 70,400,000 0 0
HSBC Holdings PLC 6.20% Pfd. A PFD 404280604 348 13,417 SH   SOLE 1 13,417 0 0
Huntington Bancshares 8.5% PFD 446150401 32,272 22,888 SH   SOLE 1 22,888 0 0
Huntington Bancshares Incorporated COM 446150104 6,334 708,500 SH   SOLE 1 695,900 0 12,600
I Shares Gold Trust COM 464285105 19,863 1,556,700 SH   SOLE 1 1,556,700 0 0
ING Groep NV 6.5% CORP BOND 456837AF0 403 440,000 SH   SOLE 1 440,000 0 0
Ingredion Inc COM 457187102 2,731 21,100 SH   SOLE 1 21,100 0 0
Intel Corporation COM 458140100 1,693 51,611 SH   SOLE 1 0 0 51,611
iShares MSCI Emerging Market COM 464287234 4,936 143,645 SH   SOLE 1 143,645 0 0
John Hancock Preferred Income Fund COM 41013W108 2,355 103,088 SH   SOLE 1 91,998 0 11,090
John Hancock T/A Dividend Income Fund COM 41013V100 15,641 627,647 SH   SOLE 1 609,626 0 18,021
Johnson & Johnson COM 478160104 29,840 246,000 SH   SOLE 1 112,000 0 134,000
JPMorgan Chase & Co. COM 46625H100 25,151 404,753 SH   SOLE 1 215,553 0 189,200
Kayne Anderson Energy Total Return COM 48660P104 3,234 296,934 SH   SOLE 1 296,934 0 0
Kayne Anderson MLP Investment COM 486606106 5,177 254,406 SH   SOLE 1 254,406 0 0
Kilroy Realty Corp. COM 49427F108 974,120 14,694,827 SH   SOLE 1,2 8,150,276 0 6,544,551
Kimco Realty Corporation COM 49446R109 17,297 551,226 SH   SOLE 1 551,226 0 0
Kinder Morgan Inc. COM 49456B101 80,121 4,279,959 SH   SOLE 1,2 3,997,730 0 282,229
Knot Offshore Partners LP COM Y48125101 386 20,815 SH   SOLE 1 20,815 0 0
La Quinta Holdings Inc. COM 50420D108 76,436 6,704,944 SH   SOLE 1 6,111,925 0 593,019
Legg Mason BW Global Income COM 52469B100 5,460 421,302 SH   SOLE 1 394,216 0 27,086
Lexington Realty Trust Pfd. C PFD 529043309 8,276 164,231 SH   SOLE 1 164,231 0 0
Lloyds Banking Group 7.5% CORP BOND 539439AG4 95,586 97,537,000 SH   SOLE 1 97,337,000 0 200,000
LMP Capital And Income Fund COM 50208A102 3,159 240,611 SH   SOLE 1 240,611 0 0
LyondellBasell Industries N.V. COM N53745100 8,246 110,800 SH   SOLE 1 47,800 0 63,000
Macquarie Infrastruc COM 55608B105 38,183 515,644 SH   SOLE 1,2 451,401 0 64,243
Magellan Midstream Partners COM 559080106 7,646 100,601 SH   SOLE 1 100,601 0 0
Magna International Inc. - Cl A COM 559222401 1,561 44,693 SH   SOLE 1 40,093 0 4,600
Marathon Petroleum Corporation COM 56585A102 17,287 455,400 SH   SOLE 1 262,500 0 192,900
Medtronic plc COM G5960L103 24,361 280,753 SH   SOLE 1 123,137 0 157,616
Merck & Co. Inc. COM 58933Y105 2,091 36,300 SH   SOLE 1 31,600 0 4,700
MFS Multimarket Income Trust COM 552737108 2,006 331,581 SH   SOLE 1 309,867 0 21,714
MGIC Investment Corp. COM 552848103 1,828 307,310 SH   SOLE 1 307,310 0 0
MGM Growth Properties LLC COM 55303A105 1,578 59,138 SH   SOLE 1 59,138 0 0
Micron Technology Inc. COM 595112103 5,463 397,000 SH   SOLE 1 140,100 0 256,900
Microsoft Corporation COM 594918104 6,880 134,446 SH   SOLE 1 21,246 0 113,200
Mid-America Apartment Communities COM 59522J103 139,652 1,312,522 SH   SOLE 1,2 1,202,708 0 109,814
Midcoast Energy Partners LP COM 59564N103 1,093 128,006 SH   SOLE 1 128,006 0 0
Monogram Residential Trust Inc COM 60979P105 32,624 3,195,263 SH   SOLE 1 2,836,349 0 358,914
Monsanto Company COM 61166W101 6,049 58,494 SH   SOLE 1 58,494 0 0
MPLX LP COM 55336V100 27,240 809,984 SH   SOLE 1 809,984 0 0
National Retail Properties COM 637417106 460,849 8,910,463 SH   SOLE 1,2 4,845,044 0 4,065,419
National Westminster Pfd. C PFD 638539882 25,151 966,293 SH   SOLE 1 962,360 0 3,933
New America High Income Fund COM 641876800 4,723 552,403 SH   SOLE 1 520,960 0 31,443
Newmont Mining Corporation COM 651639106 2,632 67,274 SH   SOLE 1 67,274 0 0
NextEra Energy Inc. COM 65339F101 222,836 1,708,867 SH   SOLE 1,2 1,530,321 0 178,546
Nextera Energy Partners LP COM 65341B106 23,252 765,356 SH   SOLE 1,2 733,510 0 31,846
NFJ Dividend Interest & Preferred Strategy COM 01883A107 1,385 112,354 SH   SOLE 1 112,354 0 0
NIKE Inc. COM 654106103 3,831 69,400 SH   SOLE 1 9,600 0 59,800
NiSource Inc. COM 65473P105 16,647 627,731 SH   SOLE 1,2 570,939 0 56,792
Noble Energy Inc. COM 655044105 11,077 308,800 SH   SOLE 1 144,100 0 164,700
Nordstrom Inc. COM 655664100 2,260 59,400 SH   SOLE 1 0 0 59,400
NuStar Energy LP COM 67058H102 9,487 190,508 SH   SOLE 1 190,508 0 0
NuStar GP Holdings LLC COM 67059L102 9,959 388,410 SH   SOLE 1 388,410 0 0
Nuveen Dividend Adv Muni Fd 3 COM 67070X101 5,451 342,418 SH   SOLE 1 342,418 0 0
Nuveen Dividend Advan Muni Inc COM 67071L106 979 60,180 SH   SOLE 1 60,180 0 0
Nuveen Dow 30 Dynamic Overwite COM 67075F105 1,616 111,185 SH   SOLE 1 111,185 0 0
Nuveen Energy MLP Total Return COM 67074U103 1,843 140,649 SH   SOLE 1 140,649 0 0
Nuveen Floating Rate Income COM 67072T108 2,810 271,728 SH   SOLE 1 267,044 0 4,684
Nuveen Floating Rate Income Opportunity Fund COM 6706EN100 1,630 158,843 SH   SOLE 1 147,995 0 10,848
Nuveen Mtg Opportunity Fund COM 670735109 76 3,271 SH   SOLE 1 0 0 3,271
Nuveen Mtg Opportunity Term Fund COM 67074R100 1,320 59,200 SH   SOLE 1 59,200 0 0
Nuveen Multi-Strategy Income & Growth 2 COM 67073D102 16,495 2,041,489 SH   SOLE 1 1,998,795 0 42,694
Nuveen Nasdaq 100 Dynamic COM 670699107 1,769 99,053 SH   SOLE 1 99,053 0 0
Nuveen Preferred & Income Term Fund COM 67075A106 8,664 354,075 SH   SOLE 1 338,597 0 15,478
Nuveen Preferred Income Opportunities Fund COM 67073B106 12,541 1,251,594 SH   SOLE 1 1,212,205 0 39,389
Nuveen Real Estate Income Fund COM 67071B108 8,597 716,432 SH   SOLE 1 716,432 0 0
NuveeN S&P 500 B-W Income COM 6706ER101 2,628 201,719 SH   SOLE 1 201,719 0 0
Nuveen Senior Income Fund COM 67067Y104 871 144,134 SH   SOLE 1 144,134 0 0
Nuveen Short Duration Credit Fund COM 67074X107 2,945 187,332 SH   SOLE 1 176,775 0 10,557
Nuveen Tax-Adv Tot Ret Strat COM 67090H102 2,586 229,287 SH   SOLE 1 229,287 0 0
Nuveen Tax-Advantaged Dividend Growth Fund COM 67073G105 2,750 192,319 SH   SOLE 1 192,319 0 0
Occidental Petroleum Corporation COM 674599105 128 1,700 SH   SOLE 1 0 0 1,700
Omega Healthcare Investors COM 681936100 718,824 21,173,029 SH   SOLE 1,2 12,107,330 0 9,065,699
Paramount Group Inc COM 69924R108 30 1,883 SH   SOLE 1 0 0 1,883
Pattern Energy Group Inc. COM 70338P100 54,340 2,365,703 SH   SOLE 1,2 2,288,121 0 77,582
Patterson Companies Inc. COM 703395103 9,685 202,236 SH   SOLE 1 84,636 0 117,600
Pebblebrook Hotel Trust COM 70509V100 15,797 601,784 SH   SOLE 1,2 366,948 0 234,836
Pembina Pipeline Corp. COM 706327103 32,326 1,069,332 SH   SOLE 1,2 1,017,960 0 51,372
Penn Real Estate Investment Trust COM 709102107 209,340 9,759,451 SH   SOLE 1,2 8,250,877 0 1,508,574
Penntex Midstream Partners LP COM 709311104 4,865 312,085 SH   SOLE 1 312,085 0 0
Pfizer Inc. COM 717081103 26,715 758,740 SH   SOLE 1 325,840 0 432,900
PG&E Corporation COM 69331C108 134,711 2,107,495 SH   SOLE 1,2 2,007,699 0 99,796
Physicians Realty Trust COM 71943U104 263,317 12,532,933 SH   SOLE 1,2 10,778,568 0 1,754,365
PIMCO Corporate Opportunity COM 72201B101 8,965 636,240 SH   SOLE 1 617,652 0 18,588
Pimco Dynamic Credit Income COM 72202D106 18,263 954,677 SH   SOLE 1 933,680 0 20,997
Pimco Dynamic Income Fund COM 72201Y101 16,346 592,883 SH   SOLE 1 576,959 0 15,924
PIMCO High Income Fund COM 722014107 5,766 591,996 SH   SOLE 1 588,559 0 3,437
Pimco Income Opportunity Fund COM 72202B100 14,725 640,216 SH   SOLE 1 623,258 0 16,958
PIMCO Income Strategy Fund II COM 72201J104 15,087 1,639,872 SH   SOLE 1 1,593,767 0 46,105
Pimco Municipal Income Fund II COM 72200W106 832 59,605 SH   SOLE 1 59,605 0 0
Pioneer Diversified High Income COM 723653101 1,302 82,953 SH   SOLE 1 82,953 0 0
Pioneer Floating Rate Trust COM 72369J102 3,962 351,544 SH   SOLE 1 336,955 0 14,589
Pioneer High Income Trust COM 72369H106 6,408 635,035 SH   SOLE 1 619,394 0 15,641
Pioneer Natural Resources Company COM 723787107 4,052 26,800 SH   SOLE 1 26,800 0 0
Plains All American Pipeline LP COM 726503105 7,554 274,779 SH   SOLE 1 274,779 0 0
Plains GP Holdings LP COM 72651A108 1,365 130,861 SH   SOLE 1 130,861 0 0
Post Properties Inc. COM 737464107 33,477 548,357 SH   SOLE 1 485,669 0 62,688
Potash Corp of Saskatchewan COM 73755L107 3,289 202,494 SH   SOLE 1 202,494 0 0
Potash Corporation of Saskatchewan Inc. COM 73755L107 49 3,000 SH   SOLE 1 0 0 3,000
PPG Industries Inc. COM 693506107 11,332 108,800 SH   SOLE 1 47,800 0 61,000
Prologis Inc. COM 74340W103 1,529,026 31,179,168 SH   SOLE 1,2 15,393,497 0 15,785,671
Prudential Financial Inc. COM 744320102 5,313 74,475 SH   SOLE 1 25,750 0 48,725
PS Business Parks Inc. COM 69360J107 1,907 17,977 SH   SOLE 1,2 14,801 0 3,176
Public Storage COM 74460D109 516,881 2,022,304 SH   SOLE 1,2 1,077,907 0 944,397
Putnam Premier Income Trust COM 746853100 2,108 448,600 SH   SOLE 1 448,600 0 0
QTS Realty Trust Inc. Cl-A COM 74736A103 342,010 6,109,509 SH   SOLE 1,2 5,217,192 0 892,317
Qualcomm Incorporated COM 747525103 16,382 305,798 SH   SOLE 1 111,398 0 194,400
Ramco-Gershenson Properties COM 751452202 169,051 8,620,677 SH   SOLE 1,2 6,483,116 0 2,137,561
Red Rock Resorts Inc. COM 75700L108 8,591 390,834 SH   SOLE 1 288,497 0 102,337
Regency Centers Corporation COM 758849103 217,155 2,593,518 SH   SOLE 1 628,458 0 1,965,060
Republic Services Inc. COM 760759100 139 2,700 SH   SOLE 1 0 0 2,700
Retail Properties of America COM 76131V202 369,085 21,839,327 SH   SOLE 1,2 11,709,208 0 10,130,119
Rice Midstream Partners LP COM 762819100 35,030 1,714,632 SH   SOLE 1,2 1,674,632 0 40,000
Rose Rock Midstream LP COM 777149105 5,389 204,212 SH   SOLE 1 204,212 0 0
Ross Stores Inc. COM 778296103 15,068 265,800 SH   SOLE 1 67,600 0 198,200
Royal Bank Of Canada COM 780087102 1,152 19,600 SH   SOLE 1 17,500 0 2,100
Royal Bank of Scotland 6.6% (RBS S) PFD 780097739 5 200 SH   SOLE 1 200 0 0
Royal Bank of Scotland 7.5% CORP BOND 780099CJ4 32,480 35,400,000 SH   SOLE 1 35,400,000 0 0
Royal Bank of Scotland 8% CORP BOND 780099CK1 39,925 42,700,000 SH   SOLE 1 42,700,000 0 0
Royal Bank of Scotland Pfd. H PFD 780097879 6 250 SH   SOLE 1 250 0 0
Semgroup Corp. COM 81663A105 28,338 870,337 SH   SOLE 1,2 845,937 0 24,400
Sempra Energy COM 816851109 156,339 1,371,150 SH   SOLE 1,2 1,331,933 0 39,217
Simon Property Group Inc. COM 828806109 4,473,320 20,623,882 SH   SOLE 1,2 11,742,028 0 8,881,854
SL Green Realty Corp. COM 78440X101 672,090 6,312,480 SH   SOLE 1,2 2,602,533 0 3,709,947
SOCGEN 8.25 09/29/49 CORP BOND EJ7987732 1,194 1,200,000 SH   SOLE 1 1,200,000 0 0
Source Capital Inc. COM 836144105 1,147 31,101 SH   SOLE 1 31,101 0 0
Sovran Self Storage Inc. COM 84610H108 6,301 60,055 SH   SOLE 1 60,055 0 0
SPDR Trust Series 1 COM 78462F103 10,890 51,972 SH   SOLE 1 51,972 0 0
Spectra Energy Corp COM 847560109 20,947 571,844 SH   SOLE 1,2 510,385 0 61,459
Spirit Realty Capital COM 84860W102 708,650 55,493,317 SH   SOLE 1,2 31,932,108 0 23,561,209
Sprague Resources COM 849343108 3,761 155,945 SH   SOLE 1 155,945 0 0
Starbucks Corporation COM 855244109 8,285 145,045 SH   SOLE 1 35,545 0 109,500
Steel Dynamics Inc. COM 858119100 6,725 274,500 SH   SOLE 1 112,500 0 162,000
Stone Harbor Emerging Market COM 86164T107 1,530 107,910 SH   SOLE 1 100,810 0 7,100
Store Capital Corp COM 862121100 315,954 10,728,482 SH   SOLE 1,2 5,324,813 0 5,403,669
Suburban Propane Partners LP COM 864482104 7,442 222,807 SH   SOLE 1 222,807 0 0
Sun Communities Inc. COM 866674104 662,156 8,639,821 SH   SOLE 1,2 4,785,506 0 3,854,315
Suncor Energy Inc COM 867224107 7,176 260,020 SH   SOLE 1 255,420 0 4,600
Sunoco Logistics Partners LP COM 86764L108 10,842 377,099 SH   SOLE 1 377,099 0 0
Sunoco LP COM 86765K109 5 175 SH   SOLE 1 175 0 0
Sunstone Hotel Investors Inc. COM 867892101 101,710 8,426,656 SH   SOLE 1,2 2,773,472 0 5,653,184
Tallgrass Energy GP LP COM 874696107 5,388 238,743 SH   SOLE 1 238,743 0 0
Tallgrass Energy Partners LP COM 874697105 4,335 94,207 SH   SOLE 1 94,207 0 0
Tanger Factory Outlet Center COM 875465106 312,772 7,784,266 SH   SOLE 1,2 7,033,849 0 750,417
Targa Resources Corp. COM 87612G101 41,845 993,005 SH   SOLE 1,2 945,110 0 47,895
TC Pipelines LP COM 87233Q108 11,394 198,979 SH   SOLE 1 198,979 0 0
TE Connectivity Ltd. COM H84989104 1,740 30,464 SH   SOLE 1 25,164 0 5,300
Teck Resources Ltd. COM 878742204 2,238 170,900 SH   SOLE 1 170,900 0 0
Teekay Lng Partners Lp COM Y8564M105 2 200 SH   SOLE 1 200 0 0
Teekay Offshore Partners Lp COM Y8565J101 2,534 425,821 SH   SOLE 1 425,821 0 0
Templeton Emerging Markets Fd COM 880191101 1,429 125,498 SH   SOLE 1 125,498 0 0
Templeton Global Income Fund COM 880198106 430 67,615 SH   SOLE 1 61,609 0 6,006
Tesoro Logistics LP COM 88160T107 6,738 136,044 SH   SOLE 1 136,044 0 0
The Allstate Corporation COM 020002101 1,684 24,073 SH   SOLE 1 24,073 0 0
The Est?e Lauder Companies Inc. COM 518439104 6,644 73,000 SH   SOLE 1 0 0 73,000
The Hartford Financial Services Group Inc. COM 416515104 11,481 258,700 SH   SOLE 1 101,600 0 157,100
The Home Depot Inc. COM 437076102 11,965 93,700 SH   SOLE 1 16,200 0 77,500
The Kroger Co. COM 501044101 66 1,800 SH   SOLE 1 0 0 1,800
The Macerich Company COM 554382101 3,710 43,453 SH   SOLE 1 43,453 0 0
The Mosaic Company COM 61945C103 2,308 88,174 SH   SOLE 1 88,174 0 0
The PNC Financial Services Group Inc. COM 693475105 15,331 188,360 SH   SOLE 1 108,960 0 79,400
The Procter & Gamble Company COM 742718109 9,540 112,677 SH   SOLE 1 68,833 0 43,844
The Travelers Companies Inc. COM 89417E109 131 1,100 SH   SOLE 1 0 0 1,100
The Walt Disney Company COM 254687106 21,158 216,293 SH   SOLE 1 95,293 0 121,000
The Williams Companies Inc. COM 969457100 60,874 2,814,345 SH   SOLE 1,2 2,686,422 0 127,923
Thermo Fisher Scientific Inc. COM 883556102 10,687 72,329 SH   SOLE 1 38,238 0 34,091
Time Warner Inc. COM 887317303 16,113 219,100 SH   SOLE 1 78,900 0 140,200
Tortoise Energy Infrastructu COM 89147L100 4,262 138,467 SH   SOLE 1 136,742 0 1,725
Tortoise MLP Fund Inc COM 89148B101 1,624 88,015 SH   SOLE 1 88,015 0 0
TransCanada Corp. COM 89353D107 158,480 3,520,662 SH   SOLE 1 3,310,535 0 210,127
Treehouse Foods Inc COM 89469A104 1,745 17,000 SH   SOLE 1 17,000 0 0
Tyson Foods Inc. COM 902494103 29,621 443,493 SH   SOLE 1 192,693 0 250,800
UDR Inc. COM 902653104 1,599,829 43,332,308 SH   SOLE 1,2 24,719,400 0 18,612,908
UGI Corp. New COM 902681105 987 21,802 SH   SOLE 1 21,802 0 0
UMH Properties Inc. Pfd. A PFD 903002202 3,908 149,795 SH   SOLE 1 50,000 0 99,795
Union Pacific Corporation COM 907818108 119,283 1,367,143 SH   SOLE 1,2 1,346,689 0 20,454
United Parcel Service Inc. COM 911312106 205 1,900 SH   SOLE 1 0 0 1,900
United Technologies Corporation COM 913017109 10,132 98,800 SH   SOLE 1 0 0 98,800
Urstadt Biddle Prop Pr.G PFD 917286809 5,051 181,038 SH   SOLE 1 15,450 0 165,588
USA Compression Partners LP COM 90290N109 2,448 167,009 SH   SOLE 1 167,009 0 0
Vale S.A. ADR ADR 91912E105 2,103 415,600 SH   SOLE 1 415,600 0 0
Valero Energy Partners COM 91914J102 5,877 125,009 SH   SOLE 1 125,009 0 0
Van Kampen Dynamic Credit Op COM 46132R104 3,833 347,846 SH   SOLE 1 347,846 0 0
Vanguard S&P 500 ETF COM 922908363 4,157 21,628 SH   SOLE 1 21,628 0 0
Ventas Inc. COM 92276F100 333,173 4,575,302 SH   SOLE 1,2 2,863,474 0 1,711,828
Verizon Communications Inc. COM 92343V104 23,385 418,794 SH   SOLE 1 248,194 0 170,600
Visa Inc. COM 92826C839 6,385 86,092 SH   SOLE 1 13,892 0 72,200
Vornado Realty Trust COM 929042109 980,295 9,791,204 SH   SOLE 1,2 5,343,007 0 4,448,197
Vtti Energy Partners LP COM Y9384M101 4,250 209,382 SH   SOLE 1 209,382 0 0
W.W. Grainger Inc. COM 384802104 4,954 21,800 SH   SOLE 1 0 0 21,800
Washington Prime Group, Inc. COM 92939N102 24,852 2,220,900 SH   SOLE 1,2 2,029,338 0 191,562
Wells Fargo & Co. 7.5% PFD 949746804 28,777 22,150 SH   SOLE 1 22,150 0 0
Wells Fargo & Company COM 949746101 24,238 512,113 SH   SOLE 1 263,787 0 248,326
Wells Fargo Advantage Income Fund COM 94987B105 2,996 379,277 SH   SOLE 1 355,139 0 24,138
Wells Fargo Advantage Multi-Sector Fund COM 94987D101 3,078 243,347 SH   SOLE 1 225,858 0 17,489
Welltower Inc. COM 95040Q104 230,672 3,028,378 SH   SOLE 1 0 0 3,028,378
Western Asset Global Corp. COM 95790C107 1,670 97,989 SH   SOLE 1 88,980 0 9,009
Western Asset Global High In COM 95766B109 2,285 235,325 SH   SOLE 1 219,675 0 15,650
Western Asset High Yield Defined Opportunity Fd. COM 95768B107 2,946 196,156 SH   SOLE 1 187,671 0 8,485
Western Asset Premier Bond COM 957664105 989 74,388 SH   SOLE 1 74,388 0 0
Western Digital Corporation COM 958102105 16,932 358,267 SH   SOLE 1 153,267 0 205,000
Western Gas Equity Partners COM 95825R103 6 165 SH   SOLE 1 165 0 0
Williams Partners LP COM 96949L105 19,733 569,664 SH   SOLE 1 569,664 0 0
Wisconsin Energy Corporation COM 92939U106 95,588 1,463,834 SH   SOLE 1,2 1,362,543 0 101,291
Xcel Energy Inc. COM 98389B100 84,587 1,888,948 SH   SOLE 1,2 1,824,201 0 64,747
Zimmer Biomet Holdings Inc. COM 98956P102 15,448 128,330 SH   SOLE 1 55,430 0 72,900