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
AETNA INC Common Stock 00817Y108 216 1,995 SH   OTR   0 1,995 0
AFLAC INC Common Stock 001055102 544 9,090 SH   OTR   0 9,090 0
ALEXANDRIA REAL ESTATE EQUIT REITS 015271109 1,850 20,474 SH   SOLE   20,474 0 0
ALLEGHANY CORP Common Stock 017175100 143 300 SH   OTR   0 300 0
AMERICAN CAMPUS COMMUNITIES REITS 024835100 713 17,251 SH   SOLE   17,251 0 0
AMERICAN CAPITAL AGENCY CORP REITS 02503X105 2,744 158,232 SH   SOLE   158,232 0 0
AMERICAN EXPRESS COMPANY Common Stock 025816109 423 6,083 SH   OTR   0 6,083 0
APACHE CORP Common Stock 037411105 132 2,975 SH   OTR   0 2,975 0
APARTMENTS INVESTMENT REITS 03748R101 952 23,794 SH   SOLE   23,794 0 0
AT & T INC Common Stock 00206R102 387 11,250 SH   OTR   0 11,250 0
AVALONBAY COMMUNITIES INC REITS 053484101 6,465 35,128 SH   SOLE   35,128 0 0
BERKSHIRE HATHAWAY INC. Common Stock 084670702 535 4,054 SH   OTR   0 4,054 0
BOSTON PROPERTIES INC REITS 101121101 3,385 26,543 SH   SOLE   26,543 0 0
BRANDYWINE REALTY TRUST REITS 105368203 109 8,000 SH   SOLE   8,000 0 0
CAMDEN PROPERTY TRUST REITS 133131102 956 12,455 SH   SOLE   12,455 0 0
CARE CAPITAL PROPERTIES INC REITS 141624106 1,014 33,185 SH   SOLE   33,185 0 0
CBL & ASSOCIATES PROPERTIES REITS 124830100 1,588 128,362 SH   SOLE   128,362 0 0
CHEVRON CORPORATION Common Stock 166764100 487 5,420 SH   OTR   0 5,420 0
CITIGROUP INC Common Stock 172967424 420 8,115 SH   OTR   0 8,115 0
CORENERGY INFRASTRUCTURE TRUST REITS 21870U502 174 11,725 SH   SOLE   11,725 0 0
CORPORATE OFFICE PROPERTIES REITS 22002T108 990 45,355 SH   SOLE   45,355 0 0
CORRECTIONS CORP OF AMERICA REITS 22025Y407 3,354 126,603 SH   SOLE   126,603 0 0
CUBESMART REITS 229663109 236 7,700 SH   SOLE   7,700 0 0
DCT INDUSTRIAL TRUST INC REITS 233153204 75 2,000 SH   SOLE   2,000 0 0
DDR CORP REITS 23317H102 740 43,964 SH   SOLE   43,964 0 0
DIAMONDROCK HOSPITALITY CO REITS 252784301 3 282 SH   SOLE   282 0 0
DIGITAL REALTY TRUST INC REITS 253868103 234 3,100 SH   SOLE   3,100 0 0
DOUGLAS EMMETT INC REITS 25960P109 418 13,400 SH   SOLE   13,400 0 0
DUKE REALTY CORP REITS 264411505 652 31,005 SH   SOLE   31,005 0 0
DUPONT FABROS TECHNOLOGY INC REITS 26613Q106 4 112 SH   SOLE   112 0 0
EASTGROUP PROPERTIES INC REITS 277276101 612 11,000 SH   SOLE   11,000 0 0
EMERSON ELECTRIC CO Common Stock 291011104 319 6,675 SH   OTR   0 6,675 0
EQUITY COMMONWEALTH REITS 294628102 1,220 44,006 SH   SOLE   44,006 0 0
EQUITY LIFESTYLE PROPERTIES REITS 29472R108 3,283 49,256 SH   SOLE   49,256 0 0
EQUITY RESIDENTIAL PROPS TR REITS 29476L107 6,173 75,676 SH   SOLE   75,676 0 0
ESSEX PROPERTY TRUST INC REITS 297178105 326 1,360 SH   SOLE   1,360 0 0
EXTRA SPACE STORAGE INC REITS 30225T102 2,258 25,600 SH   SOLE   25,600 0 0
EXXON MOBIL CORP Common Stock 30231G102 286 3,675 SH   OTR   0 3,675 0
FEDERAL REALTY INVS TRUST REITS 313747206 2,105 14,407 SH   SOLE   14,407 0 0
FIRST INDUSTRIAL REALTY TR REITS 32054K103 204 9,200 SH   SOLE   9,200 0 0
FIRST POTOMAC REALTY TRUST REITS 33610F109 102 8,900 SH   SOLE   8,900 0 0
FRANLKLIN STREET PROPERTIES C REITS 35471R106 138 13,314 SH   SOLE   13,314 0 0
GENERAL GROWTH PROPERTIES REITS 370023103 3,323 122,162 SH   SOLE   122,162 0 0
HCP INC REITS 40414L109 5,020 131,250 SH   SOLE   131,250 0 0
HEALTHCARE TRUST OF AMERICA IN REITS 42225P501 182 6,750 SH   SOLE   6,750 0 0
HOSPITALITY PROPERTIES TRUST REITS 44106M102 1,785 68,267 SH   SOLE   68,267 0 0
HOST HOTELS & RESORTS INC REITS 44107P104 2,636 171,838 SH   SOLE   171,838 0 0
HYSTER YALE MATERIALS Common Stock 449172105 125 2,375 SH   OTR   0 2,375 0
INTEL CORP Common Stock 458140100 226 6,555 SH   OTR   0 6,555 0
IRON MOUNTAIN INC REITS 46284V101 2,457 91,000 SH   SOLE   91,000 0 0
ISHARES Iboxx Investment Grade Corporate Bond Fund Exchange Traded Fund 464287242 1,790 15,700 SH   SOLE   15,700 0 0
KILROY REALTY CORP REITS 49427F108 144 2,280 SH   SOLE   2,280 0 0
KIMCO REALTY CORP REITS 49446R109 1,516 57,277 SH   SOLE   57,277 0 0
KITE REALTY GROUP TRUST REITS 49803T300 329 12,725 SH   SOLE   12,725 0 0
LASALLE HOTEL PROPERTIES REITS 517942108 939 37,324 SH   SOLE   37,324 0 0
LIBERTY PROPERTY TRUST REITS 531172104 26 850 SH   SOLE   850 0 0
LTC PROPERTIES INC REITS 502175102 78 1,800 SH   SOLE   1,800 0 0
MACK-CALI REALTY CORPORATION REITS 554489104 604 25,879 SH   SOLE   25,879 0 0
MICROSOFT CORP Common Stock 594918104 463 8,355 SH   OTR   0 8,355 0
MID-AMERICA APARTMENT COMM INC REITS 59522J103 273 3,011 SH   SOLE   3,011 0 0
NATIONAL OILWELL VARCO INC Common Stock 637071101 294 8,771 SH   OTR   0 8,771 0
NATIONAL RETAIL PROPERTIES REITS 637417106 200 5,000 SH   SOLE   5,000 0 0
NEW YORK REIT INC REITS 64976L109 467 40,600 SH   SOLE   40,600 0 0
NOW INC/DE Common Stock 67011P100 128 8,086 SH   OTR   0 8,086 0
OMEGA HEALTHCARE INVESTORS REITS 681936100 473 13,528 SH   SOLE   13,528 0 0
ONE LIBERTY PROPERTIES INC REITS 682406103 2,251 104,997 SH   SOLE   104,997 0 0
PARAMOUNT GROUP INC REITS 69924R108 585 32,300 SH   SOLE   32,300 0 0
PENN REAL ESTATE INVEST TRUST REITS 709102107 470 21,471 SH   SOLE   21,471 0 0
PIEDMONT OFFICE REALTY TRUST REITS 720190206 441 23,372 SH   SOLE   23,372 0 0
POST PROPERTIES INC REITS 737464107 1,071 18,097 SH   SOLE   18,097 0 0
PROCTER GAMBLE CO Common Stock 742718109 474 5,966 SH   OTR   0 5,966 0
PROLOGIS INC REITS 74340W103 1,447 33,723 SH   SOLE   33,723 0 0
PUBLIC STORAGE INC REITS 74460D109 7,404 29,890 SH   SOLE   29,890 0 0
RAMCO GERHENSON PROPERTIES REITS 751452202 195 11,750 SH   SOLE   11,750 0 0
REALTY INCOME CORPORATION REITS 756109104 1,435 27,800 SH   SOLE   27,800 0 0
REGENCY CENTERS CORP REITS 758849103 502 7,371 SH   SOLE   7,371 0 0
RETAIL PROPERTIES OF AMERICA REITS 76131V202 743 50,314 SH   SOLE   50,314 0 0
RMR GROUP INC REITS 74967R106 70 4,868 SH   SOLE   4,868 0 0
SABRA HEALTH CARE REIT INC REITS 78573L106 360 17,800 SH   SOLE   17,800 0 0
SELECT INCOME REIT REITS 81618T100 3,142 158,631 SH   SOLE   158,631 0 0
SENIOR HOUSING PROP TRUST REITS 81721M109 1,239 83,500 SH   SOLE   83,500 0 0
SIMON PROPERTY GROUP INC REITS 828806109 10,034 51,620 SH   SOLE   51,620 0 0
SL GREEN REITS 78440X101 443 3,921 SH   SOLE   3,921 0 0
SOVRAN SELF STORAGE INC REITS 84610H108 803 7,486 SH   SOLE   7,486 0 0
SPIRIT REALTY CAPITAL REITS 84860W102 361 36,015 SH   SOLE   36,015 0 0
STAPLES INC Common Stock 855030102 80 8,500 SH   OTR   0 8,500 0
STRYKER CORP Common Stock 863667101 295 3,175 SH   OTR   0 3,175 0
SUN COMMUNITIES INC REITS 866674104 219 3,200 SH   SOLE   3,200 0 0
SUNSTONE HOTEL INVESTORS INC REITS 867892101 212 17,000 SH   SOLE   17,000 0 0
TANGER FACTORY OUTLET CENTERS REITS 875465106 3,198 97,789 SH   SOLE   97,789 0 0
TAUBMAN CENTERS INC REITS 876664103 3,180 41,448 SH   SOLE   41,448 0 0
TELEPHONE AND DATA SYSTEMS Common Stock 879433829 192 7,418 SH   OTR   0 7,418 0
THE MACERICH CO REITS 554382101 1,189 14,734 SH   SOLE   14,734 0 0
TOTAL SYSTEM SERVICES INC Common Stock 891906109 110 2,201 SH   OTR   0 2,201 0
UDR INC REITS 902653104 470 12,502 SH   SOLE   12,502 0 0
VALMONT INDUSTRIES Common Stock 920253101 207 1,956 SH   OTR   0 1,956 0
VARIAN MEDICAL SYSTEMS Common Stock 92220P105 342 4,230 SH   OTR   0 4,230 0
VENTAS INC REITS 92276F100 6,825 120,941 SH   SOLE   120,941 0 0
VORNADO REALTY TRUST REITS 929042109 2,978 29,795 SH   SOLE   29,795 0 0
WAL-MART STORES INC Common Stock 931142103 355 5,788 SH   OTR   0 5,788 0
WASHINGTON REAL ESTATE INV REITS 939653101 1 32 SH   SOLE   32 0 0
WEINGARTEN REALTY INVST REITS 948741103 449 12,998 SH   SOLE   12,998 0 0
WELLS FARGO & COMPANY Common Stock 949746101 526 9,680 SH   OTR   0 9,680 0
WELLTOWER INC REITS 95040Q104 1,944 28,583 SH   SOLE   28,583 0 0
WP GLIMCHER INC REITS 92939N102 452 42,673 SH   SOLE   42,673 0 0