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 Company COM 88579Y101 5,344 38,100 SH   SOLE NONE 38,100 0 0
AT&T Corp. COM 001957109 2,788 79,286 SH   SOLE NONE 79,286 0 0
Bank New York Mellon COM 064057102 3,094 88,550 SH   SOLE NONE 88,550 0 0
Baxter International Inc. COM 071813109 3,232 46,475 SH   SOLE NONE 46,475 0 0
Buckle Inc. COM 118440106 3,910 74,400 SH   SOLE NONE 74,400 0 0
Chevron Corp. COM 166764100 3,954 31,657 SH   SOLE NONE 31,657 0 0
Cisco Sys Inc Com COM 17275R102 2,785 124,171 SH   SOLE NONE 124,171 0 0
Coach Inc Com COM 189754104 3,343 59,550 SH   SOLE NONE 59,550 0 0
Digital Realty Trust COM 253868103 2,186 44,500 SH   SOLE NONE 44,500 0 0
Du Pont E I De Nemours COM 263534109 4,247 65,375 SH   SOLE NONE 65,375 0 0
Duke-Weeks Realty Corp. COM 264411505 2,353 156,450 SH   SOLE NONE 156,450 0 0
Exxon Mobil Corp. COM 30231G102 3,478 34,370 SH   SOLE NONE 34,370 0 0
General Electric COM 369604103 3,750 133,794 SH   SOLE NONE 133,794 0 0
HCP Inc. COM 421915109 2,777 76,450 SH   SOLE NONE 76,450 0 0
Health Care Reit Inc. COM 42217K106 2,913 54,375 SH   SOLE NONE 54,375 0 0
Hewlett Packard COM 428236103 2,686 96,000 SH   SOLE NONE 96,000 0 0
Home Properties Inc. COM 437306103 2,349 43,800 SH   SOLE NONE 43,800 0 0
Hospitality Properties Trust COM 44106M102 2,058 76,150 SH   SOLE NONE 76,150 0 0
Illinois Tool Works COM 452308109 5,630 66,960 SH   SOLE NONE 66,960 0 0
International Bus Mach COM 459200101 4,308 22,970 SH   SOLE NONE 22,970 0 0
J P Morgan Chase & Co Com COM 46625H100 3,873 66,230 SH   SOLE NONE 66,230 0 0
Johnson & Johnson COM 478160104 4,405 48,090 SH   SOLE NONE 48,090 0 0
Liberty Property Trust COM 531172104 2,499 73,780 SH   SOLE NONE 73,780 0 0
Mack-Cali Realty Corp. COM 554489104 1,829 85,150 SH   SOLE NONE 85,150 0 0
Masco Corp. COM 574599106 2,426 106,535 SH   SOLE NONE 106,535 0 0
Microsoft Corp. COM 594918104 5,115 136,725 SH   SOLE NONE 136,725 0 0
Novartis AG COM 66987V109 3,661 45,550 SH   SOLE NONE 45,550 0 0
Pepsico Inc. COM 713448108 3,203 38,615 SH   SOLE NONE 38,615 0 0
Pfizer Inc. COM 717081103 4,038 131,817 SH   SOLE NONE 131,817 0 0
Procter & Gamble Co. COM 742718109 3,893 47,825 SH   SOLE NONE 47,825 0 0
Prologis, Inc. COM 743410102 2,735 74,025 SH   SOLE NONE 74,025 0 0
Prudential Financial Inc COM 744320102 4,316 46,800 SH   SOLE NONE 46,800 0 0
Roche Holding AG COM 771195104 4,835 68,880 SH   SOLE NONE 68,880 0 0
St Jude Med Inc Com COM 790849103 5,396 87,100 SH   SOLE NONE 87,100 0 0
Tiffany & Co New COM 886547108 4,170 44,950 SH   SOLE NONE 44,950 0 0
Total SA COM 89151E109 2,688 43,875 SH   SOLE NONE 43,875 0 0
Travelers Companies Inc COM 89417E109 3,631 40,100 SH   SOLE NONE 40,100 0 0
Unilever Plc. COM 904767704 4,044 98,165 SH   SOLE NONE 98,165 0 0
United Parcel Service COM 911312106 3,712 35,325 SH   SOLE NONE 35,325 0 0
United Technologies Corp. COM 913017109 5,016 44,075 SH   SOLE NONE 44,075 0 0
Wal-Mart Stores Inc. COM 931142103 4,121 52,375 SH   SOLE NONE 52,375 0 0
Waste Management Inc. COM 94106L109 3,166 70,550 SH   SOLE NONE 70,550 0 0