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
American Homes Preferred A Series Preferred Class A 02665T405 14,297 500,605 SH   SOLE   500,605 0 0
American Tower Preferred Class B Preferred Class B 03027X407 12,808 105,650 SH   SOLE   105,650 0 0
Apple Hospitality REIT, Inc. Common 03784Y200 10,925 583,927 SH   SOLE   583,927 0 0
Aircastle LTD Common G0129K104 12,701 583,963 SH   SOLE   583,963 0 0
Powershares Senior Bank Loan ETF 73936Q769 12,870 556,171 SH   SOLE   556,171 0 0
Caterpillar Inc Common 149123101 14,944 139,062 SH   SOLE   139,062 0 0
Crown Castle Common 22822V101 13,926 139,013 SH   SOLE   139,013 0 0
Celanese Corporation Common 150870103 15,843 166,871 SH   SOLE   166,871 0 0
Cummins Common 231021106 15,337 94,544 SH   SOLE   94,544 0 0
Cisco Common 17275R102 17,405 556,075 SH   SOLE   556,075 0 0
Enterprise Products Partners LP MLP 293792107 5,012 185,066 SH   SOLE   185,066 0 0
Entertainment Properties Trust Common 26884U109 17,990 250,308 SH   SOLE   250,308 0 0
EQT Midstream Partners LP MLP 26885B100 4,834 64,772 SH   SOLE   64,772 0 0
Eaton Corporation Common 278058102 12,988 166,874 SH   SOLE   166,874 0 0
Energy Transfer Partners LP MLP 29273R109 4,151 203,600 SH   SOLE   203,600 0 0
Eaton Vance Tax-Managed Global Buy-Write Opp Fd Closed End Fund 27829C105 11,077 973,376 SH   SOLE   973,376 0 0
Cedar Fair LP MLP 150185106 5,337 74,022 SH   SOLE   74,022 0 0
Gaming and Leisure Properties Common 36467J108 16,759 444,886 SH   SOLE   444,886 0 0
Huntington Bancshares Preferred Class A 446150401 8,031 5,562 SH   SOLE   5,562 0 0
Home Depot Common 437076102 16,208 105,659 SH   SOLE   105,659 0 0
Holly Energy Partners MLB 435763107 4,509 138,811 SH   SOLE   138,811 0 0
Honeywell International Inc. Common 438516106 14,084 105,662 SH   SOLE   105,662 0 0
Hospitality Properties Trust Common 44106M102 14,590 500,498 SH   SOLE   500,498 0 0
Iron Mountain Common 462846106 14,331 417,084 SH   SOLE   417,084 0 0
Magellan Midstream Partners MLP 559080106 2,242 31,460 SH   SOLE   31,460 0 0
MPLX LP MLP 55336V100 4,327 129,556 SH   SOLE   129,556 0 0
Merck & Co, Inc Common 58933Y105 14,258 222,467 SH   SOLE   222,467 0 0
Nustar Energy L.P. Preferred Class A 67058H201 6,528 249,834 SH   SOLE   249,834 0 0
Omega Healthcare Investors Common 681936100 16,528 500,558 SH   SOLE   500,558 0 0
Outfront Media Common 69007J106 13,499 583,877 SH   SOLE   583,877 0 0
Pfizer Inc Common 717081103 20,552 611,859 SH   SOLE   611,859 0 0
Spectra Energy Partners LP MLP 84756N109 3,572 83,256 SH   SOLE   83,256 0 0
Simon Property Group Inc Common 828806109 11,695 72,300 SH   SOLE   72,300 0 0
TEGNA Inc Common 87901J105 6,811 472,688 SH   SOLE   472,688 0 0
The Timken Company Common 887389104 12,859 278,023 SH   SOLE   278,023 0 0
Uniti Group Inc Common 91325V108 13,983 556,188 SH   SOLE   556,188 0 0
Western Refining Logistics MLP 95931Q205 5,696 222,067 SH   SOLE   222,067 0 0
Cars.com Common 14575E105 4,327 162,501 SH   SOLE   162,501 0 0
ETRACS Alerian MLP Index ETN 90267B682 46,249 2,465,285 SH   SOLE   2,465,285 0 0
Tortoise Energy Infrastructure Closed End Fund 89147L100 28,241 929,294 SH   SOLE   929,294 0 0
IShares S&P U.S.Preferred Stock Index ETF 464288687 14,115 360,352 SH   SOLE   360,352 0 0
Acacia Research Corp COM 003881307 3,214 784,000 SH   SOLE   784,000 0 0
Atrion Corp. COM 049904105 9,453 14,695 SH   SOLE   14,695 0 0
Air Transport Services Group COM 00922R105 14,249 654,249 SH   SOLE   654,249 0 0
BlackBox COM 091826107 3,874 453,157 SH   SOLE   453,157 0 0
Dynamic Materials COM 267888105 6,925 528,649 SH   SOLE   528,649 0 0
MagicJack COM 010102529 1,584 220,033 SH   SOLE   220,033 0 0
Condor Hospitality COM 20676Y106 5,192 485,217 SH   SOLE   485,217 0 0
Ceva Inc COM 157210105 5,269 115,936 SH   SOLE   115,936 0 0
Comtech Telecommunications COM 205826209 10,751 566,738 SH   SOLE   566,738 0 0
Consolidated Water Co. Ltd. COM G23773107 3,567 287,694 SH   SOLE   287,694 0 0
Ethan Allen Interiors, Inc. COM 297602104 5,088 157,539 SH   SOLE   157,539 0 0
Fly Leasing COM 34407D109 6,896 512,759 SH   SOLE   512,759 0 0
Farmland Partners COM 31154R109 5,567 622,796 SH   SOLE   622,796 0 0
Kraton Performance Polymers Inc. COM 50077C106 5,613 163,000 SH   SOLE   163,000 0 0
Monarch Casino COM 609027107 9,651 319,068 SH   SOLE   319,068 0 0
Mistras Group COM 60649T107 6,018 273,936 SH   SOLE   273,936 0 0
MGP Ingredients COM 55303J106 5,430 106,117 SH   SOLE   106,117 0 0
Materion Corporation COM 576690101 6,698 179,106 SH   SOLE   179,106 0 0
Neogenomics Inc. COM 64049M209 7,022 783,804 SH   SOLE   783,804 0 0
Oil Drill Corp of America COM 677864100 7,909 188,281 SH   SOLE   188,281 0 0
OHA Investment COM 67091U102 947 745,674 SH   SOLE   745,674 0 0
Park City Group Inc. COM 700215304 1,021 84,092 SH   SOLE   84,092 0 0
PetMed Express, Inc. COM 716382106 7,645 188,317 SH   SOLE   188,317 0 0
Douglas Dynamics COM 25960R105 18,591 565,102 SH   SOLE   565,102 0 0
ePlus, Inc. COM 294268107 7,611 102,715 SH   SOLE   102,715 0 0
Psychemedics Corp. COM 744375205 6,329 253,651 SH   SOLE   253,651 0 0
U.S. Auto Parts Network, Inc. COM 90343C100 2,870 888,544 SH   SOLE   888,544 0 0
FreightCar America COM 357023100 5,892 338,821 SH   SOLE   338,821 0 0
SunRun Inc COM 86771W105 4,150 582,867 SH   SOLE   582,867 0 0
Saga Communications COM 786598300 10,214 223,264 SH   SOLE   223,264 0 0
Sotherly Hotels COM 83600C103 4,119 607,524 SH   SOLE   607,524 0 0
Strattec COM 863111100 5,266 148,769 SH   SOLE   148,769 0 0
Trex Company Inc. COM 89531P105 5,507 81,400 SH   SOLE   81,400 0 0
Unifi Inc. COM 904677200 11,164 362,477 SH   SOLE   362,477 0 0
Veritone, Inc. COM 92347M100 5,740 490,179 SH   SOLE   490,179 0 0
Vishay Precision Group COM 92835K103 5,740 331,791 SH   SOLE   331,791 0 0
Waterstone Financial COM 941888109 5,475 290,501 SH   SOLE   290,501 0 0
American Campus Communities Inc COM 024835100 37,365 789,958 SH   SOLE   789,958 0 0
Agree Realty COM 008492100 18,126 395,160 SH   SOLE   395,160 0 0
Apartment Investment & Management Company COM 03748R101 37,349 869,188 SH   SOLE   869,188 0 0
American Tower COM 03027X100 73,172 552,993 SH   SOLE   552,993 0 0
Alexandria Real Estate Equities Inc COM 015271109 85,653 710,990 SH   SOLE   710,990 0 0
Avalonbay Communities Inc COM 053484101 48,590 252,849 SH   SOLE   252,849 0 0
Brixmore COM 11120U105 16,949 947,931 SH   SOLE   947,931 0 0
Boston Properties Inc COM 101121101 48,590 394,976 SH   SOLE   394,976 0 0
Crown Castle COM 22822V101 71,232 711,040 SH   SOLE   711,040 0 0
Colony NorthStar, Inc. COM 19625W104 25,599 1,816,820 SH   SOLE   1,816,820 0 0
CubeSmart COM 229663109 43,677 1,816,847 SH   SOLE   1,816,847 0 0
Digital Realty COM 253868103 32,118 284,356 SH   SOLE   284,356 0 0
Education Realty Trust Inc COM 28140H203 36,745 948,258 SH   SOLE   948,258 0 0
Eastgroup Properties Inc COM 277276101 46,349 553,091 SH   SOLE   553,091 0 0
Entertainment Properties Trust COM 26884U109 56,779 790,024 SH   SOLE   790,024 0 0
Equinix COM 29444U700 13,563 31,604 SH   SOLE   31,604 0 0
First Industrial COM 32054K103 42,962 1,501,118 SH   SOLE   1,501,118 0 0
Federal Realty Investment Trust COM 313747206 49,926 395,015 SH   SOLE   395,015 0 0
Gaming and Leisure Properties COM 36467J108 44,647 1,185,214 SH   SOLE   1,185,214 0 0
Gramercy Property Trust COM 385002308 35,203 1,184,887 SH   SOLE   1,184,887 0 0
Health Care Reit Inc COM 95040Q104 53,217 710,982 SH   SOLE   710,982 0 0
Hospitality Properties Trust COM 44106M102 52,963 1,816,913 SH   SOLE   1,816,913 0 0
Host Hotels & Resorts Inc COM 44107P104 51,961 2,844,061 SH   SOLE   2,844,061 0 0
Investors Real Estate Trust COM 461730103 25,027 4,030,113 SH   SOLE   4,030,113 0 0
Iron Mountain COM 462846106 48,861 1,422,031 SH   SOLE   1,422,031 0 0
Kite Realty Group Trust COM 49803T300 20,940 1,106,181 SH   SOLE   1,106,181 0 0
Lamar Advertising Co. COM 512816109 18,603 252,861 SH   SOLE   252,861 0 0
LTC Properties Inc COM 502175102 36,538 710,994 SH   SOLE   710,994 0 0
Outfront Media COM 69007J106 31,053 1,343,123 SH   SOLE   1,343,123 0 0
Pennsylvania Real Estate Investment Trust COM 709102107 16,997 1,501,502 SH   SOLE   1,501,502 0 0
Colony Starwood Homes COM 19625X102 21,688 632,119 SH   SOLE   632,119 0 0
Simon Property Group Inc COM 828806109 76,686 474,073 SH   SOLE   474,073 0 0
Terreno COM 88146M101 42,548 1,264,052 SH   SOLE   1,264,052 0 0
Vornado Realty Trust COM 929042109 28,191 300,224 SH   SOLE   300,224 0 0
Ventas Inc COM 92276F100 27,443 394,977 SH   SOLE   394,977 0 0
Weingarten Realty Investors COM 948741103 30,910 1,026,910 SH   SOLE   1,026,910 0 0
Weyhauser COM 962166104 60,865 1,816,866 SH   SOLE   1,816,866 0 0
Jernigan Capital COM 476405105 11,414 543,540 SH   SOLE   543,540 0 0
Sachem Capital Corp COM 78590A109 804 171,000 SH   SOLE   171,000 0 0
Clipper Realty Inc COM 18885T306 378 30,500 SH   SOLE   30,500 0 0