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 230 1,995 SH   OTR   0 1,995 0
AFLAC INC Common Stock 001055102 574 7,990 SH   OTR   0 7,990 0
ALEXANDRIA REAL ESTATE EQUIT REITS 015271109 1,433 13,174 SH   SOLE   13,174 0 0
ALLEGHANY CORP Common Stock 017175100 157 300 SH   OTR   0 300 0
AMERICAN CAMPUS COMMUNITIES REITS 024835100 700 13,751 SH   SOLE   13,751 0 0
AMERICAN CAPITAL AGENCY CORP REITS 02503X105 137 7,025 SH   SOLE   7,025 0 0
AMERICAN EXPRESS COMPANY Common Stock 025816109 493 7,703 SH   OTR   0 7,703 0
APACHE CORP Common Stock 037411105 230 3,605 SH   OTR   0 3,605 0
APARTMENTS INVESTMENT REITS 03748R101 1,092 23,794 SH   SOLE   23,794 0 0
AT & T INC Common Stock 00206R102 457 11,250 SH   OTR   0 11,250 0
AVALONBAY COMMUNITIES INC REITS 053484101 6,326 35,578 SH   SOLE   35,578 0 0
BERKSHIRE HATHAWAY INC. Common Stock 084670702 585 4,054 SH   OTR   0 4,054 0
BOSTON PROPERTIES INC REITS 101121101 3,399 24,943 SH   SOLE   24,943 0 0
BRANDYWINE REALTY TRUST REITS 105368203 125 8,000 SH   SOLE   8,000 0 0
CAMDEN PROPERTY TRUST REITS 133131102 1,043 12,455 SH   SOLE   12,455 0 0
CARE CAPITAL PROPERTIES INC REITS 141624106 2,290 80,394 SH   SOLE   80,394 0 0
CBL & ASSOCIATES PROPERTIES REITS 124830100 1,410 116,262 SH   SOLE   116,262 0 0
CHEVRON CORPORATION Common Stock 166764100 558 5,420 SH   OTR   0 5,420 0
CITIGROUP INC Common Stock 172967424 289 6,115 SH   OTR   0 6,115 0
CITY OFFICE REIT INC REITS 178587101 221 17,400 SH   SOLE   17,400 0 0
COMMUNICATIONS SALES & LEASING REITS 20341J104 681 21,669 SH   SOLE   21,669 0 0
CORENERGY INFRASTRUCTURE TRUST REITS 21870U502 358 12,221 SH   SOLE   12,221 0 0
CORPORATE OFFICE PROPERTIES REITS 22002T108 577 20,355 SH   SOLE   20,355 0 0
CORRECTIONS CORP OF AMERICA REITS 22025Y407 1,687 121,603 SH   SOLE   121,603 0 0
CUBESMART REITS 229663109 482 17,700 SH   SOLE   17,700 0 0
DCT INDUSTRIAL TRUST INC REITS 233153204 90 1,860 SH   SOLE   1,860 0 0
DDR CORP REITS 23317H102 766 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 301 3,100 SH   SOLE   3,100 0 0
DOUGLAS EMMETT INC REITS 25960P109 491 13,400 SH   SOLE   13,400 0 0
DUKE REALTY CORP REITS 264411505 847 31,005 SH   SOLE   31,005 0 0
DUPONT FABROS TECHNOLOGY INC REITS 26613Q106 5 112 SH   SOLE   112 0 0
EASTGROUP PROPERTIES INC REITS 277276101 172 2,340 SH   SOLE   2,340 0 0
EMERSON ELECTRIC CO Common Stock 291011104 260 4,775 SH   OTR   0 4,775 0
EMPIRE STATE REALTY TRUST INC REITS 292104106 220 10,494 SH   SOLE   10,494 0 0
EQUITY COMMONWEALTH REITS 294628102 484 16,006 SH   SOLE   16,006 0 0
EQUITY LIFESTYLE PROPERTIES REITS 29472R108 2,158 27,956 SH   SOLE   27,956 0 0
EQUITY RESIDENTIAL PROPS TR REITS 29476L107 4,720 73,376 SH   SOLE   73,376 0 0
ESSEX PROPERTY TRUST INC REITS 297178105 2,632 11,815 SH   SOLE   11,815 0 0
EXTRA SPACE STORAGE INC REITS 30225T102 4,526 57,000 SH   SOLE   57,000 0 0
EXXON MOBIL CORP Common Stock 30231G102 321 3,675 SH   OTR   0 3,675 0
FEDERAL REALTY INVS TRUST REITS 313747206 1,120 7,277 SH   SOLE   7,277 0 0
FIRST INDUSTRIAL REALTY TR REITS 32054K103 259 9,200 SH   SOLE   9,200 0 0
FIRST POTOMAC REALTY TRUST REITS 33610F109 76 8,300 SH   SOLE   8,300 0 0
FRANLKLIN STREET PROPERTIES C REITS 35471R106 156 12,414 SH   SOLE   12,414 0 0
GENERAL GROWTH PROPERTIES REITS 370023103 3,537 128,162 SH   SOLE   128,162 0 0
HCP INC REITS 40414L109 4,798 126,450 SH   SOLE   126,450 0 0
HEALTHCARE TRUST OF AMERICA IN REITS 42225P501 204 6,250 SH   SOLE   6,250 0 0
HOSPITALITY PROPERTIES TRUST REITS 44106M102 884 29,767 SH   SOLE   29,767 0 0
HOST HOTELS & RESORTS INC REITS 44107P104 2,000 128,538 SH   SOLE   128,538 0 0
HYSTER YALE MATERIALS Common Stock 449172105 185 3,075 SH   OTR   0 3,075 0
INTEL CORP Common Stock 458140100 247 6,555 SH   OTR   0 6,555 0
IRON MOUNTAIN INC REITS 46284V101 135 3,586 SH   SOLE   3,586 0 0
KILROY REALTY CORP REITS 49427F108 158 2,280 SH   SOLE   2,280 0 0
KIMCO REALTY CORP REITS 49446R109 763 26,377 SH   SOLE   26,377 0 0
KITE REALTY GROUP TRUST REITS 49803T300 328 11,825 SH   SOLE   11,825 0 0
LASALLE HOTEL PROPERTIES REITS 517942108 1,046 43,824 SH   SOLE   43,824 0 0
LIBERTY PROPERTY TRUST REITS 531172104 155 3,850 SH   SOLE   3,850 0 0
LIFE STORAGE INC REITS 53223X107 3,545 39,876 SH   SOLE   39,876 0 0
LTC PROPERTIES INC REITS 502175102 87 1,680 SH   SOLE   1,680 0 0
MACK-CALI REALTY CORPORATION REITS 554489104 606 22,279 SH   SOLE   22,279 0 0
MICROSOFT CORP Common Stock 594918104 481 8,355 SH   OTR   0 8,355 0
MID-AMERICA APARTMENT COMM INC REITS 59522J103 1,400 14,900 SH   SOLE   14,900 0 0
NATIONAL OILWELL VARCO INC Common Stock 637071101 373 10,171 SH   OTR   0 10,171 0
NEW YORK REIT INC REITS 64976L109 463 50,654 SH   SOLE   50,654 0 0
NOW INC/DE Common Stock 67011P100 207 9,646 SH   OTR   0 9,646 0
OMEGA HEALTHCARE INVESTORS REITS 681936100 479 13,528 SH   SOLE   13,528 0 0
ONE LIBERTY PROPERTIES INC REITS 682406103 1,284 53,221 SH   SOLE   53,221 0 0
OWENS REALTY MORTGAGE INC REITS 690828108 300 17,333 SH   SOLE   17,333 0 0
PARAMOUNT GROUP INC REITS 69924R108 1,269 77,477 SH   SOLE   77,477 0 0
PENN REAL ESTATE INVEST TRUST REITS 709102107 102 4,451 SH   SOLE   4,451 0 0
PIEDMONT OFFICE REALTY TRUST REITS 720190206 509 23,372 SH   SOLE   23,372 0 0
POST PROPERTIES INC REITS 737464107 668 10,097 SH   SOLE   10,097 0 0
PROCTER GAMBLE CO Common Stock 742718109 347 3,876 SH   OTR   0 3,876 0
PROLOGIS INC REITS 74340W103 1,682 31,423 SH   SOLE   31,423 0 0
PUBLIC STORAGE INC REITS 74460D109 8,771 39,309 SH   SOLE   39,309 0 0
RAMCO GERHENSON PROPERTIES REITS 751452202 220 11,750 SH   SOLE   11,750 0 0
REGENCY CENTERS CORP REITS 758849103 571 7,371 SH   SOLE   7,371 0 0
RETAIL PROPERTIES OF AMERICA REITS 76131V202 845 50,314 SH   SOLE   50,314 0 0
SELECT INCOME REIT REITS 81618T100 2,538 94,426 SH   SOLE   94,426 0 0
SENIOR HOUSING PROP TRUST REITS 81721M109 645 28,400 SH   SOLE   28,400 0 0
SIMON PROPERTY GROUP INC REITS 828806109 10,846 52,390 SH   SOLE   52,390 0 0
SL GREEN REITS 78440X101 964 8,921 SH   SOLE   8,921 0 0
SPIRIT REALTY CAPITAL REITS 84860W102 80 6,015 SH   SOLE   6,015 0 0
STAPLES INC Common Stock 855030102 256 29,940 SH   OTR   0 29,940 0
STRYKER CORP Common Stock 863667101 303 2,605 SH   OTR   0 2,605 0
SUN COMMUNITIES INC REITS 866674104 687 8,757 SH   SOLE   8,757 0 0
SUNSTONE HOTEL INVESTORS INC REITS 867892101 212 16,616 SH   SOLE   16,616 0 0
TANGER FACTORY OUTLET CENTERS REITS 875465106 3,303 84,789 SH   SOLE   84,789 0 0
TAUBMAN CENTERS INC REITS 876664103 2,117 28,448 SH   SOLE   28,448 0 0
TELEPHONE AND DATA SYSTEMS Common Stock 879433829 171 6,278 SH   OTR   0 6,278 0
THE MACERICH CO REITS 554382101 957 11,834 SH   SOLE   11,834 0 0
TIER REIT INC REITS 88650V208 686 44,477 SH   SOLE   44,477 0 0
UDR INC REITS 902653104 420 11,662 SH   SOLE   11,662 0 0
VALMONT INDUSTRIES Common Stock 920253101 263 1,956 SH   OTR   0 1,956 0
VARIAN MEDICAL SYSTEMS Common Stock 92220P105 421 4,230 SH   OTR   0 4,230 0
VENTAS INC REITS 92276F100 6,006 85,041 SH   SOLE   85,041 0 0
VEREIT INC REITS 92339V100 124 12,000 SH   SOLE   12,000 0 0
VORNADO REALTY TRUST REITS 929042109 3,642 35,995 SH   SOLE   35,995 0 0
WAL MART STORES INC Common Stock 931142103 351 4,868 SH   OTR   0 4,868 0
WASHINGTON PRIME GROUP INC REITS 93964W108 1,048 84,573 SH   SOLE   84,573 0 0
WASHINGTON REAL ESTATE INV REITS 939653101 1 32 SH   SOLE   32 0 0
WEINGARTEN REALTY INVST REITS 948741103 364 9,328 SH   SOLE   9,328 0 0
WELLS FARGO & COMPANY Common Stock 949746101 633 14,300 SH   OTR   0 14,300 0
WELLTOWER INC REITS 95040Q104 1,247 16,683 SH   SOLE   16,683 0 0