The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
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| 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 |
| ALEXANDRIA REAL ESTATE EQ INC | COMMON | 015271109 | 85,624 | 1,341,012 | SH | DFND | 1 | 937,158 | 0 | 403,854 | |
| APARTMENT INV&MGMT | COMMON | 03748R101 | 196,073 | 4,619,613 | SH | DFND | 1 | 2,568,040 | 0 | 2,051,573 | |
| ASHFORD HOSPITALITY TR INC | PREF CONV | 044103505 | 6,570 | 253,000 | SH | DFND | 1 | 0 | 0 | 0 | |
| AVALONBAY CMNTYS INC | COMMON | 053484101 | 118,002 | 928,492 | SH | DFND | 1 | 675,724 | 0 | 252,768 | |
| BIOMED RLTY TR INC | COMMON | 09063H107 | 160,027 | 8,608,208 | SH | DFND | 1 | 6,043,598 | 0 | 2,564,610 | |
| BOSTON PROPERTIES | COMMON | 101121101 | 72,684 | 679,928 | SH | DFND | 1 | 492,488 | 0 | 187,440 | |
| COLONIAL PROPS TST | COMMON | 195872106 | 17,499 | 778,064 | SH | DFND | 1 | 596,406 | 0 | 181,658 | |
| COMMONWEALTH REIT | PREF CONV | 203233408 | 28,202 | 1,347,427 | SH | DFND | 1 | 0 | 0 | 0 | |
| COMMONWEALTH REIT | PREF CONV | 203233606 | 17,735 | 773,440 | SH | DFND | 1 | 0 | 0 | 0 | |
| DDR CORP | COMMON | 23317H102 | 42,597 | 2,711,459 | SH | DFND | 1 | 2,028,959 | 0 | 682,500 | |
| DOUGLAS EMMETT INC | COMMON | 25960P109 | 47,869 | 2,039,581 | SH | DFND | 1 | 1,477,099 | 0 | 562,482 | |
| DUKE REALTY CORP | COMMON | 264411505 | 27,980 | 1,812,148 | SH | DFND | 1 | 1,324,948 | 0 | 487,200 | |
| EASTGROUP PPTY INC | COMMON | 277276101 | 2,709 | 45,750 | SH | DFND | 1 | 45,750 | 0 | 0 | |
| EQUITY RESIDENTIAL | COMMON | 29476L107 | 214,294 | 4,000,259 | SH | DFND | 1 | 2,880,372 | 0 | 1,119,887 | |
| ESSEX PROP TRUST | COMMON | 297178105 | 31,431 | 212,802 | SH | DFND | 1 | 155,997 | 0 | 56,805 | |
| EXTRA SPACE STORAGE INC | COMMON | 30225T102 | 19,202 | 419,706 | SH | DFND | 1 | 325,156 | 0 | 94,550 | |
| FEDERAL REALTY INVT TR | COMMON | 313747206 | 21,766 | 214,550 | SH | DFND | 1 | 158,140 | 0 | 56,410 | |
| FIRST POTOMAC RLTY TR | COMMON | 33610F109 | 630 | 50,100 | SH | DFND | 1 | 33,650 | 0 | 16,450 | |
| GENERAL GROWTH PPTYS INC NEW | COMMON | 370023103 | 91,422 | 4,739,324 | SH | DFND | 1 | 3,555,338 | 0 | 1,183,986 | |
| HCP INC | COMMON | 40414L109 | 172,002 | 4,200,305 | SH | DFND | 1 | 3,191,435 | 0 | 1,008,870 | |
| HEALTH CARE REIT INC | COMMON | 42217K106 | 95,652 | 1,533,381 | SH | DFND | 1 | 1,119,921 | 0 | 413,460 | |
| HEALTH CARE REIT INC | PREF CONV | 42217K601 | 14,157 | 246,000 | SH | DFND | 1 | 0 | 0 | 0 | |
| HOST HOTELS & RESORTS INC | COMMON | 44107P104 | 90,059 | 5,096,720 | SH | DFND | 1 | 3,791,672 | 0 | 1,305,048 | |
| INLAND REAL ESTATE CORP | COMMON | 457461200 | 1,113 | 108,800 | SH | DFND | 1 | 73,250 | 0 | 35,550 | |
| KILROY RLTY CORP | COMMON | 49427F108 | 17,663 | 353,606 | SH | DFND | 1 | 256,716 | 0 | 96,890 | |
| KIMCO RLTY CORP | COMMON | 49446R109 | 45,500 | 2,254,689 | SH | DFND | 1 | 1,679,019 | 0 | 575,670 | |
| MACERICH CO | COMMON | 554382101 | 99,590 | 1,764,521 | SH | DFND | 1 | 1,303,559 | 0 | 460,962 | |
| MACK CALI RLTY CORP | COMMON | 554489104 | 79,406 | 3,619,250 | SH | DFND | 1 | 2,244,460 | 0 | 1,374,790 | |
| PROLOGIS INC | COMMON | 74340W103 | 343,863 | 9,140,440 | SH | DFND | 1 | 6,467,062 | 0 | 2,673,378 | |
| PUBLIC STORAGE | COMMON | 74460D109 | 135,923 | 846,610 | SH | DFND | 1 | 614,304 | 0 | 232,306 | |
| RLJ LODGING TR | COMMON | 74965L101 | 42,290 | 1,800,323 | SH | DFND | 1 | 1,368,873 | 0 | 431,450 | |
| REGENCY CTRS CORP | COMMON | 758849103 | 40,675 | 841,265 | SH | DFND | 1 | 617,512 | 0 | 223,753 | |
| REXFORD INDL RLTY INC | COMMON | 76169C100 | 16,481 | 1,219,900 | SH | DFND | 1 | 1,219,900 | 0 | 0 | |
| SL GREEN REALTY CO | COMMON | 78440X101 | 41,739 | 469,822 | SH | DFND | 1 | 349,440 | 0 | 120,382 | |
| SAUL CTRS INC | COMMON | 804395101 | 13,711 | 296,454 | SH | DFND | 1 | 194,112 | 0 | 102,342 | |
| SIMON PPTY GROUP INC NEW | COMMON | 828806109 | 278,336 | 1,877,728 | SH | DFND | 1 | 1,385,717 | 0 | 492,011 | |
| STARWOOD HOTELS&RESORTS WRLDWD | COMMON | 85590A401 | 1,090 | 16,400 | SH | DFND | 1 | 16,400 | 0 | 0 | |
| SUNSTONE HOTEL INVS INC NEW | COMMON | 867892101 | 43,891 | 3,445,125 | SH | DFND | 1 | 2,522,975 | 0 | 922,150 | |
| SUNSTONE HOTEL INVS INC NEW | PREF CONV | 867892507 | 3,261 | 129,142 | SH | DFND | 1 | 0 | 0 | 0 | |
| TAUBMAN CENTRES | COMMON | 876664103 | 23,288 | 345,988 | SH | DFND | 1 | 255,658 | 0 | 90,330 | |
| TAUBMAN CTRS INC | PREF CONV | 876664707 | 32,002 | 1,431,200 | SH | DFND | 1 | 0 | 0 | 0 | |
| UDR INC | COMMON | 902653104 | 118,512 | 5,000,527 | SH | DFND | 1 | 3,611,760 | 0 | 1,388,767 | |
| VENTAS INC | COMMON | 92276F100 | 91,641 | 1,490,094 | SH | DFND | 1 | 1,106,623 | 0 | 383,471 | |
| VORNADO RLTY TR | COMMON | 929042109 | 98,165 | 1,167,801 | SH | DFND | 1 | 857,289 | 0 | 310,512 | |
| WEINGARTEN RLTY INVS | COMMON | 948741103 | 25,999 | 886,435 | SH | DFND | 1 | 650,035 | 0 | 236,400 | |