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
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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
AT&T Corp.(New) COM 00206r102 9,393 217,378 SH   SOLE   215,728 0 1,650
Abbvie, Inc. COM 00287Y109 5,690 91,910 SH   SOLE   91,910 0 0
Alliance Bernstein Holdings COM 01881G106 7,763 333,197 SH   SOLE   331,607 0 1,590
Ares Capital Corp COM 04010L103 3,489 245,736 SH   SOLE   243,316 0 2,420
BCE Inc COM 05534B760 63 1,340 SH   SOLE   0 0 1,340
Baidu, Inc. COM 056752108 92 560 SH   SOLE   560 0 0
Bank of Montreal COM 063671101 61 970 SH   SOLE   0 0 970
Blackstone Mortgage Trust Inc COM 09257w100 9,333 337,280 SH   SOLE   335,988 0 1,292
Brookfield Infrastructure Part COM g16252101 9,139 201,919 SH   SOLE   200,681 0 1,238
CME Group Inc COM 12572Q105 219 2,250 SH   SOLE   2,250 0 0
Camden Property Trust COM 133131102 6,114 69,150 SH   SOLE   68,400 0 750
China Mobile LTD COM 16941m109 39 680 SH   SOLE   0 0 680
Digital Realty Trust Inc COM 253868103 5,726 52,540 SH   SOLE   52,540 0 0
Dow Chemical COM 260543103 527 10,610 SH   SOLE   10,610 0 0
EPR Properties COM 26884U109 12,388 153,540 SH   SOLE   152,750 0 790
Energy Transfer Partners COM 29273R109 8,704 228,631 SH   SOLE   228,380 0 251
Enterprise Products Partners COM 293792107 4,485 153,270 SH   SOLE   153,270 0 0
Exxon Mobil Corporation COM 30231G102 8,029 85,650 SH   SOLE   85,650 0 0
Frontline Ltd COM g3682e192 2,505 318,284 SH   SOLE   318,284 0 0
HDFC Bank Ltd COM 40415F101 121 1,820 SH   SOLE   1,820 0 0
Infosys Ltd. COM 456788108 125 7,000 SH   SOLE   7,000 0 0
J.P. Morgan Chase & Co. COM 46625H100 11,788 189,700 SH   SOLE   189,700 0 0
Johnson & Johnson COM 478160104 6,412 52,860 SH   SOLE   52,170 0 690
Las Vegas Sands Corp COM 517834107 4,732 108,810 SH   SOLE   108,810 0 0
Liberty Global Inc COM g5480u104 102 3,500 SH   SOLE   3,500 0 0
Liberty Global PLC Lilac (A) COM G5480U138 20 611 SH   SOLE   611 0 0
Lyondellbasell Inds NV COM n53745100 9,273 124,600 SH   SOLE   124,140 0 460
Macquarie Infrastructure Co. COM 55608B105 8,575 115,800 SH   SOLE   115,200 0 600
Marine Harvest ASA COM 56824R205 87 5,150 SH   SOLE   0 0 5,150
Microsoft Corp. COM 594918104 8,712 170,250 SH   SOLE   169,610 0 640
Novo Nordisk AS COM 670100205 131 2,430 SH   SOLE   2,430 0 0
PJT Partners Inc COM 69343T107 1 34 SH   SOLE   0 0 34
PT Telekomunikasi Indonesia COM 715684106 196 3,190 SH   SOLE   3,190 0 0
Paychex Inc. COM 704326107 8,965 150,680 SH   SOLE   150,150 0 530
Prologis, Inc. COM 74340W103 3,899 79,500 SH   SOLE   79,500 0 0
RMR Group, Inc. COM 74967R106 1 43 SH   SOLE   0 0 43
Regal Entertainment Group COM 758766109 13,188 598,355 SH   SOLE   593,776 0 4,579
Reynolds American Inc COM 761713106 41 760 SH   SOLE   0 0 760
Royal Bank of Canada COM 780087102 51 860 SH   SOLE   0 0 860
Sap Aktiengesell COM 803054204 157 2,098 SH   SOLE   2,098 0 0
Select Income REIT COM 81618t100 2,953 113,611 SH   SOLE   112,361 0 1,250
Seritage Growth Properties COM 81752R100 2,010 40,320 SH   SOLE   40,320 0 0
Ship Finance Intl Ltd COM g81075106 52 3,500 SH   SOLE   0 0 3,500
Spectra Energy Partners, LP COM 84756N109 10,062 213,260 SH   SOLE   213,260 0 0
Spirit Realty Capital Inc New COM 84860w102 8,684 680,070 SH   SOLE   677,050 0 3,020
Starwood Property Trust Inc COM 85571b105 10,914 526,758 SH   SOLE   523,416 0 3,342
Store Capital Corp COM 862121100 9,816 333,300 SH   SOLE   330,620 0 2,680
TC Pipelines LP COM 87233q108 4,170 72,821 SH   SOLE   72,526 0 295
Taiwan Semi ADR COM 874039100 5,350 203,970 SH   SOLE   202,690 0 1,280
Telecom Argentina S.A. COM 879273209 82 4,490 SH   SOLE   4,490 0 0
Unilever ADR COM 904784709 670 14,269 SH   SOLE   14,269 0 0
Verizon Communications COM 92343V104 5,200 93,130 SH   SOLE   93,130 0 0
Welltower Inc. COM 95040Q104 5,792 76,040 SH   SOLE   75,225 0 815
Wisdomtree International High COM 97717W802 96 2,630 SH   SOLE   0 0 2,630
Wisdontree High Dividend Fund COM 97717W208 112 1,680 SH   SOLE   0 0 1,680