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
ABBVIE INC COM 00287Y109 2,694 35,580 SH   SOLE 0 35,580 0 0
ACADIA HEALTHCARE COMPANY INC. COM 00404A109 4,028 129,622 SH   SOLE 0 129,622 0 0
ACADIA REALTY TRUST COM 004239109 13,146 459,991 SH   SOLE 0 459,991 0 0
ADT INC. COM 00090Q103 4,606 734,693 SH   SOLE 0 734,693 0 0
AIR TRANSPORT SERVICES GROUP INC. COM 00922R105 4,166 198,215 SH   SOLE 0 198,215 0 0
ALEXANDRIA REAL ESTATE COM 015271109 3,192 20,724 SH   SOLE 0 20,724 0 0
ALPHABET INC CL A COM 02079K305 1,037 850 SH   SOLE 0 850 0 0
AMERICAN EAGLE OUTFITTERS INC COM 02553E106 7,787 480,122 SH   SOLE 0 480,122 0 0
AMERICAN TOWER CORP COM 03027X100 2,118 9,580 SH   SOLE 0 9,580 0 0
AMERIS BANCORP COM 03076K108 8,131 202,063 SH   SOLE 0 202,063 0 0
ANI PHARMACEUTICALS INC. COM 00182C103 9,270 127,200 SH   SOLE 0 127,200 0 0
APPLE COMPUTER INC COM 037833100 1,119 5,000 SH   SOLE 0 5,000 0 0
AT&T INC COM 00206R102 930 24,582 SH   SOLE 0 24,582 0 0
ATKORE INTERNATIONAL GROUP INC. COM 047649108 10,897 359,046 SH   SOLE 0 359,046 0 0
ATLANTIC CAPITAL BANCSHARES INC COM 048269203 191 11,047 SH   SOLE 0 11,047 0 0
ATLANTIC UNION BANKSHARES COM 04911A107 14,645 393,230 SH   SOLE 0 393,230 0 0
AVALONBAY COMMUNITIES COM 053484101 3,011 13,984 SH   SOLE 0 13,984 0 0
AVX CORPORATION COM 002444107 4,673 307,460 SH   SOLE 0 307,460 0 0
B&G FOODS INC COM 05508R106 7,782 411,557 SH   SOLE 0 411,557 0 0
BANNER CORP COM 06652V208 4,499 80,104 SH   SOLE 0 80,104 0 0
BELDEN INC. COM 077454106 4,514 84,640 SH   SOLE 0 84,640 0 0
BERKSHIRE HATHAWAY CLASS B COM 084670702 264 1,270 SH   SOLE 0 1,270 0 0
BLACK HILLS CORP COM 092113109 6,490 84,583 SH   SOLE 0 84,583 0 0
BOSTON PROPERTIES INC COM 101121101 1,617 12,475 SH   SOLE 0 12,475 0 0
CABOT MICROELECTRONICS CORPORATION COM 12709P103 5,071 35,912 SH   SOLE 0 35,912 0 0
CACI INTERNATIONAL INC CLASS A COM 127190304 9,007 38,948 SH   SOLE 0 38,948 0 0
CADENCE BANCORPORATION CLASS A COM 12739A100 11,559 659,031 SH   SOLE 0 659,031 0 0
CALLON PETROLEUM CO COM 13123X102 6,053 1,394,735 SH   SOLE 0 1,394,735 0 0
CAMDEN PROPERTY TRUST COM 133131102 1,248 11,244 SH   SOLE 0 11,244 0 0
CBIZ INC COM 124805102 8,610 366,408 SH   SOLE 0 366,408 0 0
CENTERSTATE BANKS INC COM 15201P109 12,784 533,033 SH   SOLE 0 533,033 0 0
CHEESECAKE FACTORY INCORPORATED COM 163072101 3,653 87,664 SH   SOLE 0 87,664 0 0
CHEMBIO DIAGNOSTICS COM 163572209 122 20,000 SH   SOLE 0 20,000 0 0
CHEVRON CORP NEW COM 166764100 837 7,062 SH   SOLE 0 7,062 0 0
CITIGROUP INC COM 172967424 450 6,517 SH   SOLE 0 6,517 0 0
COLGATE PALMOLIVE CO COM 194162103 729 9,930 SH   SOLE 0 9,930 0 0
COLUMBUS MCKINNON CORPORATION COM 199333105 7,901 216,890 SH   SOLE 0 216,890 0 0
CORESITE REALTY CORP COM 21870Q105 1,711 14,050 SH   SOLE 0 14,050 0 0
CUBESMART COM 229663109 512 14,683 SH   SOLE 0 14,683 0 0
CUBIC CORPORATION COM 229669106 4,655 66,105 SH   SOLE 0 66,105 0 0
DESIGNER BRANDS INC COM 250565108 4,310 251,773 SH   SOLE 0 251,773 0 0
DOVER CORP COM 260003108 798 8,025 SH   SOLE 0 8,025 0 0
DUKE ENERGY CORP COM 26441C204 634 6,616 SH   SOLE 0 6,616 0 0
EASTGROUP COM 277276101 627 5,016 SH   SOLE 0 5,016 0 0
EATON CORP PLC SHS G29183103 667 8,030 PRN   SOLE 0 8,030 0 0
EMCOR GROUP INC COM 29084Q100 8,491 98,605 SH   SOLE 0 98,605 0 0
EMERGENT BIO SOLUTIONS INC. COM 29089Q105 7,800 149,211 SH   SOLE 0 149,211 0 0
EMMIS COMMUNICTNS CORP CL A COM 291525400 371 74,232 SH   SOLE 0 74,232 0 0
ENTERPRISE FINANCIAL SERVICES COM 293712105 7,794 191,268 SH   SOLE 0 191,268 0 0
EQUITY LIFESTYLE PPTYS COM 29472R108 2,791 20,895 SH   SOLE 0 20,895 0 0
ESSENTIAL PROPERTIES REALTY TRUST INC. COM 29670E107 9,656 421,514 SH   SOLE 0 421,514 0 0
ESSEX PROPERTY TRUST COM 297178105 1,321 4,047 SH   SOLE 0 4,047 0 0
EXTRA SPACE STORAGE COM 30225T102 1,259 10,781 SH   SOLE 0 10,781 0 0
EXXON MOBIL CORP COM 30231G102 456 6,462 SH   SOLE 0 6,462 0 0
FB FINANCIAL CORPORATION COM 30257X104 3,567 94,994 SH   SOLE 0 94,994 0 0
FEDERAL REALTY INVT TR COM 313747206 557 4,098 SH   SOLE 0 4,098 0 0
FERRO CORP COM 315405100 3,109 262,164 SH   SOLE 0 262,164 0 0
FIRST BANCORP COM 318672706 3,946 395,457 SH   SOLE 0 395,457 0 0
FIRST INTERSTATE BANCSYSTEM COM 32055Y201 8,769 217,941 SH   SOLE 0 217,941 0 0
FIRST MERCHANTS CORPORATION COM 320817109 7,067 187,784 SH   SOLE 0 187,784 0 0
FIRST REPUBLIC BANK COM 33616C100 937 9,694 SH   SOLE 0 9,694 0 0
FIRST TR EXCH TRADED FD III INSTL PFD SECS 33739P855 5,959 303,760 PRN   SOLE 0 303,760 0 0
FNB CORP COM 302520101 12,930 1,121,432 SH   SOLE 0 1,121,432 0 0
GALLAGHER ARTHUR J &CO COM 363576109 404 4,520 SH   SOLE 0 4,520 0 0
GIBRALTAR INDS INC COM 374689107 6,100 132,803 SH   SOLE 0 132,803 0 0
G-III APPAREL GROUP LTD. COM 36237H101 3,996 155,090 SH   SOLE 0 155,090 0 0
H.B. FULLER COMPANY COM 359694106 2,157 46,338 SH   SOLE 0 46,338 0 0
HD SUPPLY HOLDINGS INC COM 40416M105 423 10,809 SH   SOLE 0 10,809 0 0
HERITAGE INSURANCE HOLDINGS INC COM 42727J102 11,779 787,900 SH   SOLE 0 787,900 0 0
HILTON GRAND VA COM 43283X105 8,624 269,502 SH   SOLE 0 269,502 0 0
HOSTESS BRANDS INC. CLASS A COM 44109J106 8,699 622,072 SH   SOLE 0 622,072 0 0
HUB GROUP INC. CLASS A COM 443320106 4,589 98,694 SH   SOLE 0 98,694 0 0
HUDSON PACIFIC PROPERTIES INC. COM 444097109 1,518 45,397 SH   SOLE 0 45,397 0 0
IDACORP INC COM 451107106 10,700 94,974 SH   SOLE 0 94,974 0 0
II-VI INCORPORATED COM 902104108 1,721 48,903 SH   SOLE 0 48,903 0 0
INDEPENDENCE REALTY TRUST INC. COM 45378A106 17,419 1,217,267 SH   SOLE 0 1,217,267 0 0
INDEPENDENT BANK GROUP INC. COM 45384B106 3,410 64,821 SH   SOLE 0 64,821 0 0
INTEL CORP COM 458140100 445 8,643 SH   SOLE 0 8,643 0 0
INVESCO EXCHANGE TRADED FD T S&P500 EQL TEC 46137V282 739 4,133 PRN   SOLE 0 4,133 0 0
INVESCO EXCHANGE TRADED FD T S&P SPIN OFF 46137V159 1,422 30,628 PRN   SOLE 0 30,628 0 0
INVESCO EXCHNG TRADED FD TR PFD ETF 46138E511 307 20,480 PRN   SOLE 0 20,480 0 0
INVESCO QQQ TR UNIT SER 1 46090E103 575 3,050 PRN   SOLE 0 3,050 0 0
INVITATION HOMES INC. COM 46187W107 932 31,501 SH   SOLE 0 31,501 0 0
ISHARES MSCI EAFE INDEX FUND MSCI EAFE ETF 464287465 1,139 17,475 PRN   SOLE 0 17,475 0 0
ISHARES TR RUS 2000 VAL ETF 464287630 305 2,560 PRN   SOLE 0 2,560 0 0
ISHARES TR RUS MID CAP ETF 464287499 371 6,640 PRN   SOLE 0 6,640 0 0
ISHARES TR RUS 2000 GRW ETF 464287648 431 2,240 PRN   SOLE 0 2,240 0 0
ISHARES TR INTL DEV RE ETF 464288489 621 20,955 PRN   SOLE 0 20,955 0 0
ISHARES TR PFD AND INCM SEC 464288687 760 20,253 PRN   SOLE 0 20,253 0 0
ISHARES TR U.S. REAL ES ETF 464287739 960 10,265 PRN   SOLE 0 10,265 0 0
JAGGED PEAK ENERGY INC. COM 47009K107 5,537 762,797 SH   SOLE 0 762,797 0 0
JERNIGAN CAPITAL INC. COM 476405105 13,162 683,783 SH   SOLE 0 683,783 0 0
JOHNSON & JOHNSON COM 478160104 1,619 12,517 SH   SOLE 0 12,517 0 0
JPMORGAN CHASE & CO COM 46625H100 1,129 9,597 SH   SOLE 0 9,597 0 0
KADANT INC COM 48282T104 11,244 128,081 SH   SOLE 0 128,081 0 0
KAISER ALUMINUM CORP COM 483007704 6,651 67,207 SH   SOLE 0 67,207 0 0
KEMPER CORPORATION COM 488401100 9,206 118,111 SH   SOLE 0 118,111 0 0
KILROY REALTY CORP COM 49427F108 932 11,972 SH   SOLE 0 11,972 0 0
KIMCO REALTY CORP COM 49446R109 664 31,846 SH   SOLE 0 31,846 0 0
KOPPERS HOLDINGS INC. COM 50060P106 6,519 223,183 SH   SOLE 0 223,183 0 0
LABORATORY CORP OF AMERICA COM 50540R409 308 1,835 SH   SOLE 0 1,835 0 0
LAMB WESTON HOLDINGS COM 513272104 415 5,718 SH   SOLE 0 5,718 0 0
LEGGETT & PLATT INCORPORATED COM 524660107 4,581 111,910 SH   SOLE 0 111,910 0 0
LOWES COMPANIES INC COM 548661107 401 3,650 SH   SOLE 0 3,650 0 0
MATERION CORP COM 576690101 12,981 211,555 SH   SOLE 0 211,555 0 0
MAXIMUS INC. COM 577933104 5,008 64,832 SH   SOLE 0 64,832 0 0
META FINANCIAL GROUP INC. COM 59100U108 13,959 428,060 SH   SOLE 0 428,060 0 0
METHODE ELECTRONICS INC. COM 591520200 4,017 119,413 SH   SOLE 0 119,413 0 0
MICROSOFT CORP COM 594918104 697 5,020 SH   SOLE 0 5,020 0 0
MKS INSTRUMENT INC COM 55306N104 6,841 74,143 SH   SOLE 0 74,143 0 0
MURPHY OIL CORPORATION COM 626717102 6,597 298,407 SH   SOLE 0 298,407 0 0
MYR GROUP INC COM 55405W104 6,365 203,451 SH   SOLE 0 203,451 0 0
NATIONAL STORAGE AFFILIATES TRUST COM 637870106 12,425 372,361 SH   SOLE 0 372,361 0 0
NEW JERSEY RESOURCES CORPORATION COM 646025106 5,016 110,938 SH   SOLE 0 110,938 0 0
NEXSTAR BROADCASTING COM 65336K103 18,750 183,271 SH   SOLE 0 183,271 0 0
NUANCE COMMUNICATIONS INC COM 67020Y100 4,333 265,666 SH   SOLE 0 265,666 0 0
NUVASIVE INC. COM 670704105 8,037 126,816 SH   SOLE 0 126,816 0 0
ONE MAIN HOLDINGS COM 68268W103 18,858 514,148 SH   SOLE 0 514,148 0 0
PACIFIC PREMIER BANCORP COM 69478X105 8,578 275,026 SH   SOLE 0 275,026 0 0
PARK HOTELS & RESORTS INC COM 700517105 725 29,046 SH   SOLE 0 29,046 0 0
PATTERSON COMPANIES INC. COM 703395103 3,831 215,035 SH   SOLE 0 215,035 0 0
PDC ENERGY COM 69327R101 4,733 170,583 SH   SOLE 0 170,583 0 0
PEBBLEBROOK HOTEL COM 70509V100 9,711 349,072 SH   SOLE 0 349,072 0 0
PENN NATIONAL GAMING INC. COM 707569109 4,087 219,463 SH   SOLE 0 219,463 0 0
PEPSICO INC COM 713448108 1,181 8,616 SH   SOLE 0 8,616 0 0
PFIZER INC COM 717081103 202 5,636 SH   SOLE 0 5,636 0 0
PHOTRONICS INC COM 719405102 4,720 433,903 SH   SOLE 0 433,903 0 0
PINNACLE FINANCIAL PARTNERS INC. COM 72346Q104 8,794 154,964 SH   SOLE 0 154,964 0 0
PLEXUS CORP COM 729132100 4,697 75,148 SH   SOLE 0 75,148 0 0
PORTLAND GENERAL COM 736508847 7,045 124,989 SH   SOLE 0 124,989 0 0
PREFERRED BANK COM 740367404 9,385 179,188 SH   SOLE 0 179,188 0 0
PRIMERICA COM 74164M108 9,258 72,771 SH   SOLE 0 72,771 0 0
PROCTER & GAMBLE CO COM 742718109 883 7,106 SH   SOLE 0 7,106 0 0
PROGENICS PHARMA INC COM 743187106 5,169 1,022,708 SH   SOLE 0 1,022,708 0 0
PROGRESS SOFTWARE CORP COM 743312100 5,449 143,188 SH   SOLE 0 143,188 0 0
PROLOGIS COM 74340W103 2,806 32,928 SH   SOLE 0 32,928 0 0
PS BUSINESS PARKS INC. COM 69360J107 10,018 55,060 SH   SOLE 0 55,060 0 0
PUBLIC STORAGE INC COM 74460D109 837 3,415 SH   SOLE 0 3,415 0 0
QTS REALTY TRUST INC COM 74736A103 12,752 248,054 SH   SOLE 0 248,054 0 0
QUANTA SERVICES INC. COM 74762E102 9,766 258,379 SH   SOLE 0 258,379 0 0
REGENCY CTRS CORP COM 758849103 1,041 14,994 SH   SOLE 0 14,994 0 0
RETAIL OPPORTUNITY INVESTMENTS COM 76131N101 335 18,430 SH   SOLE 0 18,430 0 0
REXFORD INDUSTRIAL REALTY COM 76169C100 19,696 447,455 SH   SOLE 0 447,455 0 0
RUTH`S HOSPITALITY GROUP INC. COM 783332109 8,193 401,341 SH   SOLE 0 401,341 0 0
SABRA HEALTH CARE REIT COM 78573L106 11,688 509,085 SH   SOLE 0 509,085 0 0
SCHWAB INTERNATIONAL EQUITY INTL EQTY ETF 808524805 803 25,234 PRN   SOLE 0 25,234 0 0
SCHWAB STRATEGIC TR US DIVIDEND EQ 808524797 232 4,240 PRN   SOLE 0 4,240 0 0
SCHWAB STRATEGIC TR 1000 INDEX ETF 808524722 380 13,038 PRN   SOLE 0 13,038 0 0
SCHWAB STRATEGIC TR US SMALL CAP ETF 808524607 662 9,496 PRN   SOLE 0 9,496 0 0
SCHWAB STRATEGIC TR US MID-CAP ETF 808524508 800 14,150 PRN   SOLE 0 14,150 0 0
SCHWAB STRATEGIC TR US BRD MKT ETF 808524102 1,356 19,094 PRN   SOLE 0 19,094 0 0
SCHWAB STRATEGIC TR US REIT ETF 808524847 2,412 51,141 PRN   SOLE 0 51,141 0 0
SCHWAB STRATEGIC TR US LRG CAP ETF 808524201 7,571 106,748 PRN   SOLE 0 106,748 0 0
SELECTIVE INS GROUP COM 816300107 7,804 103,792 SH   SOLE 0 103,792 0 0
SERITAGE GROWTH PROPERTIES COM 81752R100 598 14,088 SH   SOLE 0 14,088 0 0
SIMON PROPERTY GROUP COM 828806109 1,800 11,570 SH   SOLE 0 11,570 0 0
SIX FLAGS ENTERTAINMENT CORPORATION COM 83001A102 8,190 161,256 SH   SOLE 0 161,256 0 0
SKYWEST INC COM 830879102 12,866 224,151 SH   SOLE 0 224,151 0 0
SL GREEN REALTY COM 78440X101 686 8,403 SH   SOLE 0 8,403 0 0
SOUTH JERSEY INDS INC COM 838518108 7,057 214,443 SH   SOLE 0 214,443 0 0
SOUTHERN CO COM 842587107 204 3,310 SH   SOLE 0 3,310 0 0
SOUTHWEST AIRLS CO COM 844741108 392 7,270 SH   SOLE 0 7,270 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,571 5,294 PRN   SOLE 0 5,294 0 0
SPIRE INC COM 84857L101 7,834 89,806 SH   SOLE 0 89,806 0 0
STIFEL FINANCIAL CORP COM 860630102 7,950 138,564 SH   SOLE 0 138,564 0 0
STORE CAPITAL CORPORATION COM 862121100 1,518 40,595 SH   SOLE 0 40,595 0 0
SUN COMMUNITIES INC COM 866674104 2,200 14,822 SH   SOLE 0 14,822 0 0
SUNSTONE HOTEL INVESTORS COM 867892101 317 23,130 SH   SOLE 0 23,130 0 0
SYNEOS HEALTH INC. CLASS A COM 87166B102 10,112 190,051 SH   SOLE 0 190,051 0 0
SYNNEX CORP COM 87162W100 10,286 91,111 SH   SOLE 0 91,111 0 0
TCF FINANCIAL CORP NEW NPV COM 872307103 5,710 150,005 SH   SOLE 0 150,005 0 0
TECH DATA CORPORATION COM 878237106 5,461 52,392 SH   SOLE 0 52,392 0 0
TEGNA INC. COM 87901J105 4,265 274,682 SH   SOLE 0 274,682 0 0
TERRAFORM POWER INC CLASS A COM 88104R209 7,391 405,589 SH   SOLE 0 405,589 0 0
TIMKEN CO COM 887389104 3,846 88,414 SH   SOLE 0 88,414 0 0
TIVITY HEALTH INC. COM 88870R102 3,703 222,719 SH   SOLE 0 222,719 0 0
TOPBUILD CORP COM 89055F103 20,053 207,954 SH   SOLE 0 207,954 0 0
TRIUMPH BANCORP INC. COM 89679E300 8,562 268,510 SH   SOLE 0 268,510 0 0
UMPQUA HOLDINGS CORP COM 904214103 6,986 424,431 SH   SOLE 0 424,431 0 0
UNILEVER NV N Y SHS NEW 904784709 360 6,000 PRN   SOLE 0 6,000 0 0
UNITED DOMINION COM 902653104 383 7,920 SH   SOLE 0 7,920 0 0
VENTAS INC COM 92276F100 691 9,471 SH   SOLE 0 9,471 0 0
VERINT SYS INC COM 92343X100 6,608 154,468 SH   SOLE 0 154,468 0 0
VERIZON COMMUNICATIONS COM 92343V104 602 9,978 SH   SOLE 0 9,978 0 0
VISA INC COM 92826C839 201 1,172 SH   SOLE 0 1,172 0 0
VORNADO REALTY TRUST COM 929042109 625 9,822 SH   SOLE 0 9,822 0 0
WALT DISNEY CO COM 254687106 863 6,627 SH   SOLE 0 6,627 0 0
WELLTOWER INC COM 95040Q104 1,599 17,649 SH   SOLE 0 17,649 0 0
WESBANCO INC. COM 950810101 6,836 182,948 SH   SOLE 0 182,948 0 0
WILLIAMS SONOMA INC COM 969904101 7,168 105,450 SH   SOLE 0 105,450 0 0
WINTRUST FINL CORP COM 97650W108 6,237 96,511 SH   SOLE 0 96,511 0 0
WORLD FUEL SERVICES CORPORATION COM 981475106 4,392 109,985 SH   SOLE 0 109,985 0 0
WPX ENERGY INC COM 98212B103 7,912 747,188 SH   SOLE 0 747,188 0 0