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
3M CO COM 88579Y101 1,348 6,139 SH   SOLE   6,139 0 0
ABBVIE INC COM 00287Y109 584 6,165 SH   SOLE   6,165 0 0
ABIOMED INC COM 003654100 2,718 9,451 SH   SOLE   9,451 0 0
ADOBE SYS INC COM 00724F101 1,131 5,232 SH   SOLE   5,232 0 0
AIR PRODS & CHEMS INC COM 009158106 561 3,529 SH   SOLE   3,529 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 915 7,330 SH   SOLE   7,330 0 0
ALLERGAN PLC SHS G0177J108 7,765 46,140 SH   SOLE   46,140 0 0
ALLIANCEBERNSTEIN HOLDING LP UNIT LTD PARTN 01881G106 1,152 42,890 SH   SOLE   42,890 0 0
ALPHABET INC CAP STK CL C 02079K107 16,975 16,452 SH   SOLE   16,452 0 0
ALPHABET INC CAP STK CL A 02079K305 7,641 7,389 SH   SOLE   7,389 0 0
ALTRIA GROUP INC COM 02209S103 449 7,209 SH   SOLE   7,209 0 0
AMAZON COM INC COM 023135106 27,311 18,900 SH   SOLE   18,900 0 0
AMBAC FINL GROUP INC COM NEW 023139884 157 10,000 SH   SOLE   10,000 0 0
AMERICAN EXPRESS CO COM 025816109 10,435 111,869 SH   SOLE   111,869 0 0
AMERICAN TOWER CORP NEW COM 03027X100 26,935 185,325 SH   SOLE   185,325 0 0
ANADARKO PETE CORP COM 032511107 11,489 190,286 SH   SOLE   190,286 0 0
ANTERO RES CORP COM 03674X106 442 22,265 SH   SOLE   22,265 0 0
APPLE INC COM 037833100 24,751 147,625 SH   SOLE   147,625 0 0
APTIV PLC SHS G6095L109 9,148 107,665 SH   SOLE   107,665 0 0
ARMADA HOFFLER PPTYS INC COM 04208T108 9,919 724,541 SH   SOLE   724,541 0 0
AT&T INC COM 00206R102 1,107 31,050 SH   SOLE   31,050 0 0
AVALONBAY CMNTYS INC COM 053484101 21,750 132,250 SH   SOLE   132,250 0 0
BANK AMER CORP COM 060505104 8,517 283,978 SH   SOLE   283,978 0 0
BANK AMER CORP *W EXP 01/16/201 060505146 763 42,000 SH   SOLE   42,000 0 0
BANK NEW YORK MELLON CORP COM 064058100 280 5,430 SH   SOLE   5,430 0 0
BB&T CORP COM 054937107 1,594 30,999 SH   SOLE   30,999 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 1,015 5,086 SH   SOLE   5,086 0 0
BOEING CO COM 097023105 479 1,460 SH   SOLE   1,460 0 0
BORGWARNER INC COM 099724106 6,459 128,596 SH   SOLE   128,596 0 0
BOSTON PROPERTIES INC COM 101121101 25,072 203,475 SH   SOLE   203,475 0 0
BUCKEYE PARTNERS L P UNIT LTD PARTN 118230101 601 16,410 SH   SOLE   16,410 0 0
CABOT OIL & GAS CORP COM 127097103 2,067 86,687 SH   SOLE   86,687 0 0
CAMDEN PPTY TR SH BEN INT 133131102 19,079 226,650 SH   SOLE   226,650 0 0
CATERPILLAR INC DEL COM 149123101 12,273 83,276 SH   SOLE   83,276 0 0
CELGENE CORP COM 151020104 947 10,621 SH   SOLE   10,621 0 0
CHART INDS INC NOTE 2.000% 8/0 16115QAC4 203 200,000 PRN   SOLE   200,000 0 0
CHEVRON CORP NEW COM 166764100 1,106 9,698 SH   SOLE   9,698 0 0
CIMAREX ENERGY CO COM 171798101 320 3,418 SH   SOLE   3,418 0 0
CITIGROUP INC COM NEW 172967424 11,499 170,355 SH   SOLE   170,355 0 0
COCA COLA CO COM 191216100 1,457 33,534 SH   SOLE   33,534 0 0
COMCAST CORP NEW CL A 20030N101 6,515 190,653 SH   SOLE   190,653 0 0
CONCHO RES INC COM 20605P101 761 5,060 SH   SOLE   5,060 0 0
CONTINENTAL RESOURCES INC COM 212015101 348 5,900 SH   SOLE   5,900 0 0
COSTCO WHSL CORP NEW COM 22160K105 14,126 75,062 SH   SOLE   75,062 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 21,356 194,838 SH   SOLE   194,838 0 0
CULLEN FROST BANKERS INC COM 229899109 546 5,152 SH   SOLE   5,152 0 0
CUMMINS INC COM 231021106 365 2,250 SH   SOLE   2,250 0 0
CVS HEALTH CORP COM 126650100 320 5,140 SH   SOLE   5,140 0 0
CYRUSONE INC COM 23283R100 18,735 365,845 SH   SOLE   365,845 0 0
DELPHI TECHNOLOGIES PLC SHS G2709G107 828 17,382 SH   SOLE   17,382 0 0
DENBURY RES INC COM NEW 247916208 64 23,300 SH   SOLE   23,300 0 0
DEVON ENERGY CORP NEW COM 25179M103 325 10,210 SH   SOLE   10,210 0 0
DIAGEO P L C SPON ADR NEW 25243Q205 299 2,210 SH   SOLE   2,210 0 0
DISNEY WALT CO COM DISNEY 254687106 12,289 122,549 SH   SOLE   122,549 0 0
DOUGLAS EMMETT INC COM 25960P109 10,994 299,079 SH   SOLE   299,079 0 0
DOWDUPONT INC COM 26078J100 16,452 258,230 SH   SOLE   258,230 0 0
DRIL-QUIP INC COM 262037104 1,793 40,025 SH   SOLE   40,025 0 0
EASTGROUP PPTY INC COM 277276101 12,172 147,260 SH   SOLE   147,260 0 0
EASTMAN CHEM CO COM 277432100 1,849 17,509 SH   SOLE   17,509 0 0
EMERSON ELEC CO COM 291011104 9,731 142,475 SH   SOLE   142,475 0 0
EMPIRE ST RLTY TR INC CL A 292104106 11,847 705,620 SH   SOLE   705,620 0 0
ENSCO PLC SHS CLASS A G3157S106 50 12,545 SH   SOLE   12,545 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 5,516 225,755 SH   SOLE   225,755 0 0
EOG RES INC COM 26875P101 3,652 34,841 SH   SOLE   34,841 0 0
EQT CORP COM 26884L109 803 16,897 SH   SOLE   16,897 0 0
EQUINIX INC COM PAR $0.001 29444U700 22,677 54,232 SH   SOLE   54,232 0 0
ESSEX PPTY TR INC COM 297178105 22,852 94,949 SH   SOLE   94,949 0 0
ETF MANAGERS TR PRIME CYBR SCRTY 26924G201 1,694 49,430 SH   SOLE   49,430 0 0
EXTRA SPACE STORAGE INC COM 30225T102 11,767 134,699 SH   SOLE   134,699 0 0
EXXON MOBIL CORP COM 30231G102 13,698 183,594 SH   SOLE   183,594 0 0
FACEBOOK INC CL A 30303M102 16,007 100,276 SH   SOLE   100,276 0 0
FLIR SYS INC COM 302445101 1,841 37,161 SH   SOLE   37,161 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 757 68,280 SH   SOLE   68,280 0 0
FORUM ENERGY TECHNOLOGIES IN COM 34984V100 153 13,900 SH   SOLE   13,900 0 0
GENERAL ELECTRIC CO COM 369604103 577 43,120 SH   SOLE   43,120 0 0
GILEAD SCIENCES INC COM 375558103 1,252 16,610 SH   SOLE   16,610 0 0
GLOBALSTAR INC COM 378973408 7 10,000 SH   SOLE   10,000 0 0
GULFPORT ENERGY CORP COM NEW 402635304 369 38,245 SH   SOLE   38,245 0 0
HALLIBURTON CO COM 406216101 3,345 71,221 SH   SOLE   71,221 0 0
HIGHPOINT RES CORP COM 43114K108 107 21,000 SH   SOLE   21,000 0 0
HONEYWELL INTL INC COM 438516106 8,834 61,133 SH   SOLE   61,133 0 0
HOST HOTELS & RESORTS INC COM 44107P104 9,957 534,192 SH   SOLE   534,192 0 0
HP INC COM 40434L105 9,000 410,598 SH   SOLE   410,598 0 0
INDEPENDENCE RLTY TR INC COM 45378A106 9,072 988,281 SH   SOLE   988,281 0 0
INTEL CORP COM 458140100 2,859 55,262 SH   SOLE   55,262 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 2,095 13,656 SH   SOLE   13,656 0 0
INVITATION HOMES INC COM 46187W107 10,422 456,520 SH   SOLE   456,520 0 0
ISHARES INC MIN VOL EMRG MKT 464286533 248 3,979 SH   SOLE   3,979 0 0
ISHARES INC CORE MSCI EMKT 46434G103 2,301 39,401 SH   SOLE   39,401 0 0
ISHARES TR RUS 1000 VAL ETF 464287598 204 1,700 SH   SOLE   1,700 0 0
ISHARES TR RUS 1000 GRW ETF 464287614 627 4,605 SH   SOLE   4,605 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 407 2,683 SH   SOLE   2,683 0 0
ISHARES TR 1 3 YR TREAS BD 464287457 209 2,500 SH   SOLE   2,500 0 0
ISHARES TR EAFE SML CP ETF 464288273 815 12,503 SH   SOLE   12,503 0 0
ISHARES TR MSCI EAFE ETF 464287465 3,216 46,159 SH   SOLE   46,159 0 0
ITRON INC COM 465741106 1,012 14,146 SH   SOLE   14,146 0 0
JBG SMITH PPTYS COM 46590V100 5,480 162,557 SH   SOLE   162,557 0 0
JOHN HANCOCK EXCHANGE TRADED MULTIFACTOR MI 47804J206 1,496 43,619 SH   SOLE   43,619 0 0
JOHN HANCOCK EXCHANGE TRADED MULTI INTL ETF 47804J859 1,485 48,918 SH   SOLE   48,918 0 0
JOHN HANCOCK EXCHANGE TRADED MLTFCTR LRG CAP 47804J107 231 6,698 SH   SOLE   6,698 0 0
JOHNSON & JOHNSON COM 478160104 13,288 103,753 SH   SOLE   103,753 0 0
JPMORGAN CHASE & CO COM 46625H100 19,815 180,367 SH   SOLE   180,367 0 0
KILROY RLTY CORP COM 49427F108 15,836 223,168 SH   SOLE   223,168 0 0
KINDER MORGAN INC DEL COM 49456B101 333 22,100 SH   SOLE   22,100 0 0
KITE RLTY GROUP TR COM NEW 49803T300 10,885 714,695 SH   SOLE   714,695 0 0
KRAFT HEINZ CO COM 500754106 240 3,859 SH   SOLE   3,859 0 0
LABORATORY CORP AMER HLDGS COM NEW 50540R409 566 3,500 SH   SOLE   3,500 0 0
LAUDER ESTEE COS INC CL A 518439104 11,684 78,042 SH   SOLE   78,042 0 0
LIFE STORAGE INC COM 53223X107 12,405 148,531 SH   SOLE   148,531 0 0
LIVANOVA PLC SHS G5509L101 1,084 12,245 SH   SOLE   12,245 0 0
LOCKHEED MARTIN CORP COM 539830109 1,397 4,166 SH   SOLE   4,166 0 0
LOWES COS INC COM 548661107 11,894 135,549 SH   SOLE   135,549 0 0
MACERICH CO COM 554382101 12,349 220,431 SH   SOLE   220,431 0 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 2,963 50,780 SH   SOLE   50,780 0 0
MAIN STREET CAPITAL CORP COM 56035L104 3,712 104,508 SH   SOLE   104,508 0 0
MARATHON OIL CORP COM 565849106 739 45,790 SH   SOLE   45,790 0 0
MARKEL CORP COM 570535104 293 250 SH   SOLE   250 0 0
MASTERCARD INCORPORATED CL A 57636Q104 714 4,077 SH   SOLE   4,077 0 0
MEDTRONIC PLC SHS G5960L103 1,108 13,959 SH   SOLE   13,959 0 0
MERCK & CO INC COM 58933Y105 3,241 59,717 SH   SOLE   59,717 0 0
MICROSOFT CORP COM 594918104 22,146 242,844 SH   SOLE   242,844 0 0
NIKE INC CL B 654106103 1,775 26,922 SH   SOLE   26,922 0 0
NOBLE ENERGY INC COM 655044105 785 25,900 SH   SOLE   25,900 0 0
NORTHROP GRUMMAN CORP COM 666807102 9,810 28,100 SH   SOLE   28,100 0 0
NORTHWESTERN CORP COM NEW 668074305 284 5,284 SH   SOLE   5,284 0 0
NOVARTIS A G SPONSORED ADR 66987V109 10,144 125,675 SH   SOLE   125,675 0 0
NOVO-NORDISK A S ADR 670100205 493 10,000 SH   SOLE   10,000 0 0
NUTRIEN LTD COM 67077M108 1,012 21,416 SH   SOLE   21,416 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 356 5,534 SH   SOLE   5,534 0 0
OCEANEERING INTL INC COM 675232102 198 10,706 SH   SOLE   10,706 0 0
PEPSICO INC COM 713448108 11,017 100,932 SH   SOLE   100,932 0 0
PFIZER INC COM 717081103 910 25,651 SH   SOLE   25,651 0 0
PHILIP MORRIS INTL INC COM 718172109 954 9,600 SH   SOLE   9,600 0 0
PIONEER NAT RES CO COM 723787107 2,470 14,461 SH   SOLE   14,461 0 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 506 22,975 SH   SOLE   22,975 0 0
PNC FINL SVCS GROUP INC COM 693475105 10,827 71,586 SH   SOLE   71,586 0 0
POWERSHARES ETF TR II EMER MRKT PORT 73936T763 1,365 58,055 SH   SOLE   58,055 0 0
POWERSHARES ETF TR II DEV MKTS EX-US 73936T789 1,427 31,964 SH   SOLE   31,964 0 0
PROCTER AND GAMBLE CO COM 742718109 2,715 34,383 SH   SOLE   34,383 0 0
REGENCY CTRS CORP COM 758849103 12,096 205,090 SH   SOLE   205,090 0 0
RENAISSANCERE HOLDINGS LTD COM G7496G103 208 1,500 SH   SOLE   1,500 0 0
RETAIL OPPORTUNITY INVTS COR COM 76131N101 9,193 520,255 SH   SOLE   520,255 0 0
REXFORD INDL RLTY INC COM 76169C100 10,265 356,538 SH   SOLE   356,538 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 1,265 19,831 SH   SOLE   19,831 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 8,449 128,933 SH   SOLE   128,933 0 0
RSP PERMIAN INC COM 74978Q105 366 7,800 SH   SOLE   7,800 0 0
SABINE ROYALTY TR UNIT BEN INT 785688102 2,804 63,796 SH   SOLE   63,796 0 0
SALESFORCE COM INC COM 79466L302 3,382 29,077 SH   SOLE   29,077 0 0
SAP SE SPON ADR 803054204 1,102 10,622 SH   SOLE   10,622 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104 11,049 64,642 SH   SOLE   64,642 0 0
SCHLUMBERGER LTD COM 806857108 10,919 168,838 SH   SOLE   168,838 0 0
SCHWAB CHARLES CORP NEW COM 808513105 10,279 196,841 SH   SOLE   196,841 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 1,085 21,476 SH   SOLE   21,476 0 0
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 1,049 18,420 SH   SOLE   18,420 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 1,081 14,553 SH   SOLE   14,553 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 1,115 17,044 SH   SOLE   17,044 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 1,061 15,742 SH   SOLE   15,742 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 1,109 10,952 SH   SOLE   10,952 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 892 32,367 SH   SOLE   32,367 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 1,046 19,873 SH   SOLE   19,873 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 1,079 13,254 SH   SOLE   13,254 0 0
SEMPRA ENERGY COM 816851109 14,451 129,932 SH   SOLE   129,932 0 0
SIMON PPTY GROUP INC NEW COM 828806109 31,655 205,083 SH   SOLE   205,083 0 0
SM ENERGY CO COM 78454L100 330 18,315 SH   SOLE   18,315 0 0
SOLARCITY CORP NOTE 2.750%11/0 83416TAA8 166 170,000 PRN   SOLE   170,000 0 0
SOUTHWEST AIRLS CO COM 844741108 1,588 27,715 SH   SOLE   27,715 0 0
SOUTHWESTERN ENERGY CO COM 845467109 321 74,095 SH   SOLE   74,095 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 20,144 76,548 SH   SOLE   76,548 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 352 10,000 SH   SOLE   10,000 0 0
STARBUCKS CORP COM 855244109 1,912 33,236 SH   SOLE   33,236 0 0
TANGER FACTORY OUTLET CTRS I COM 875465106 7,132 324,159 SH   SOLE   324,159 0 0
TARGA RES CORP COM 87612G101 400 9,099 SH   SOLE   9,099 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 11,118 53,849 SH   SOLE   53,849 0 0
TORCHMARK CORP COM 891027104 202 2,400 SH   SOLE   2,400 0 0
U S SILICA HLDGS INC COM 90346E103 225 8,835 SH   SOLE   8,835 0 0
UDR INC COM 902653104 7,924 222,449 SH   SOLE   222,449 0 0
UNITED TECHNOLOGIES CORP COM 913017109 250 1,986 SH   SOLE   1,986 0 0
UNITEDHEALTH GROUP INC COM 91324P102 11,459 53,546 SH   SOLE   53,546 0 0
URBAN EDGE PPTYS COM 91704F104 10,578 495,471 SH   SOLE   495,471 0 0
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 4,427 55,391 SH   SOLE   55,391 0 0
VANGUARD INDEX FDS SMALL CP ETF 922908751 2,375 16,167 SH   SOLE   16,167 0 0
VANGUARD INDEX FDS EXTEND MKT ETF 922908652 4,071 36,492 SH   SOLE   36,492 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 1,895 40,336 SH   SOLE   40,336 0 0
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 2,573 32,805 SH   SOLE   32,805 0 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 391 4,605 SH   SOLE   4,605 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 4,352 98,345 SH   SOLE   98,345 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 706 14,771 SH   SOLE   14,771 0 0
VISA INC COM CL A 92826C839 15,191 127,165 SH   SOLE   127,165 0 0
VORNADO RLTY TR SH BEN INT 929042109 13,210 196,282 SH   SOLE   196,282 0 0
VULCAN MATLS CO COM 929160109 9,633 84,372 SH   SOLE   84,372 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 2,826 43,370 SH   SOLE   43,370 0 0
WALMART INC COM 931142103 276 3,103 SH   SOLE   3,103 0 0
WASHINGTON PRIME GROUP NEW COM 93964W108 918 137,600 SH   SOLE   137,600 0 0
WASTE MGMT INC DEL COM 94106L109 10,293 122,364 SH   SOLE   122,364 0 0
WATERS CORP COM 941848103 899 4,528 SH   SOLE   4,528 0 0
WEATHERFORD INTL LTD NOTE 5.875% 7/0 947075AH0 157 175,000 PRN   SOLE   175,000 0 0
WEINGARTEN RLTY INVS SH BEN INT 948741103 9,695 345,268 SH   SOLE   345,268 0 0
WELLS FARGO CO NEW PERP PFD CNV A 949746804 1,793 1,390 SH   SOLE   1,390 0 0
WELLS FARGO CO NEW COM 949746101 3,370 64,302 SH   SOLE   64,302 0 0
WESTERN GAS EQUITY PARTNERS COMUNT LTD PT 95825R103 374 11,305 SH   SOLE   11,305 0 0
WESTERN GAS PARTNERS LP COM UNIT LP IN 958254104 2,171 51,321 SH   SOLE   51,321 0 0
WEYERHAEUSER CO COM 962166104 350 10,000 SH   SOLE   10,000 0 0
WHITING PETE CORP NEW COM NEW 966387409 381 11,260 SH   SOLE   11,260 0 0
WPX ENERGY INC COM 98212B103 858 58,055 SH   SOLE   58,055 0 0