13F-HR 1 inftable.txt FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ALEXANDRIA REAL ESTATE EQUITIE COM 015271109 2323 30000 SH SOLE 30000 AMERICAN CAMPUS COMMUNITIES IN COM 024835100 3996 112500 SH SOLE 112500 APARTMENT INVT & MGMT CO COM 03748r101 1532 60000 SH SOLE 60000 AVALON BAY COMMUNITIES INC COM 053484101 2568 20000 SH SOLE 20000 BOSTON PROPERTIES INC COM 101121101 2136 20125 SH SOLE 20125 BRANDYWINE REALTY TRUST SBI COM 105368203 1887 162800 SH SOLE 162800 CAMDEN PROPERTY TRUST COM 133131102 2545 40000 SH SOLE 40000 COLONIAL PROPERTIES TRUST COM 195872106 296 14525 SH SOLE 14525 DCT INDUSTRIAL TRUST INC COM 233153105 1046 200000 SH SOLE 200000 DEVELOPERS DIVERSIFIED COM 251591103 934 66264 SH SOLE 66264 DIGITAL REALTY TRUST INC COM 253868103 3188 51600 SH SOLE 51600 EASTGROUP PROPERTIES SBI COM 277276101 2636 62000 SH SOLE 62000 EQUITY ONE INC COM 294752100 932 50000 SH SOLE 50000 EQUITY RESIDENTIAL COM 29476L107 2712 45200 SH SOLE 45200 FEDERAL REALTY INV. TRUST COM 313747206 1831 21500 SH SOLE 21500 GLIMCHER REALTY COM 379302102 1757 185000 SH SOLE 185000 HCP INC COM 40414l109 3749 102182 SH SOLE 102182 HEALTH CARE REIT COM 42217K106 3683 70250 SH SOLE 70250 HIGHWOODS PROPERTIES INC COM 431284108 12732 384300 SH SOLE 384300 HOME PROPERTIES OF NEW YORK COM 437306103 15579 255900 SH SOLE 255900 HOSPITALITY PROPERTIES TRUST COM 44106M102 2626 108300 SH SOLE 108300 HOST HOTELS & RESORTS INC COM 44107p104 1441 85000 SH SOLE 85000 LASALLE HOTEL PROPERTIES COM 517942108 2239 85000 SH SOLE 85000 LEXINGTON REALTY TRUST COM 529043101 2471 270603 SH SOLE 270603 LIBERTY PROPERTY TRUST COM 531172104 4825 148100 SH SOLE 148100 MACERICH CO COM 554382101 2238 41832 SH SOLE 41832 MACK-CALI REALTY CORP COM 554489104 1976 60000 SH SOLE 60000 MEDICAL PROPERTIES TRUST INC COM 58463j304 14800 1287000 SH SOLE 1287000 MID-AMERICA APARTMENT COMMUNIT COM 59522J103 2699 40000 SH SOLE 40000 NATIONAL RETAIL PPTYS INC COM 637417106 2674 109100 SH SOLE 109100 NATIONWIDE HEALTH PROPERTIES COM 638620104 16978 410000 SH SOLE 410000 OMEGA HEALTHCARE INVESTORS COM 681936100 1261 60000 SH SOLE 60000 PROLOGIS INC COM 74340W103 12725 355051 SH SOLE 355051 SIMON PROPERTY GROUP INC COM 828806109 4989 42922 SH SOLE 42922 SL GREEN REALTY CORP COM 78440X101 18314 221000 SH SOLE 221000 SUNSTONE HOTEL INVESTORS INC COM 867892101 1218 131414 SH SOLE 131414 UDR INC COM 902653104 3338 135970 SH SOLE 135970 UNIVERSAL HEALTH REALTY INCOME COM 91359E105 2131 53300 SH SOLE 53300 URSTADT BIDDLE PPTYS COM 917286205 1449 80000 SH SOLE 80000 VENTAS INC COM 92276F100 2477 47000 SH SOLE 47000 WASHINGTON REIT COM 939653101 1301 40000 SH SOLE 40000 WP CAREY & CO LLC COM 92930Y107 2288 56500 SH SOLE 56500 3M COMPANY COM 88579Y101 11636 122676 SH SOLE 122676 A T & T INC COM 00206R102 5618 178875 SH SOLE 178875 AARON'S INC COM 002535300 17217 609250 SH SOLE 609250 ABBOTT LABORATORIES COM 002824100 19880 377804 SH SOLE 377804 ACCENTURE PLC - CL A COM G1151C101 15910 263329 SH SOLE 263329 AFFILIATED MANAGERS GROUP INC COM 008252108 16777 165370 SH SOLE 165370 AFLAC INC COM 001055102 4574 97982 SH SOLE 97982 AGRIUM INC COM 008916108 8432 96080 SH SOLE 96080 AIR PRODUCTS & CHEMICALS INC COM 009158106 21271 222547 SH SOLE 222547 AIRGAS INC COM 009363102 3190 45550 SH SOLE 45550 ALCOA COM 013817101 357 22500 SH SOLE 22500 ALLEGHENY TECHNOLOGIES INC COM 01741R102 684 10782 SH SOLE 10782 ALLERGAN INC COM 018490102 633 7603 SH SOLE 7603 ALLSTATE CORPORATION COM 020002101 1938 63490 SH SOLE 63490 ALPHA NATURAL RESOURCES COM 02076x102 1363 30000 SH SOLE 30000 ALTRIA GROUP INC COM 02209S103 2345 88800 SH SOLE 88800 AMEDISYS INC COM 023436108 1065 40000 SH SOLE 40000 AMERICAN ELECTRIC POWER CO COM 025537101 940 24946 SH SOLE 24946 AMERICAN EXPRESS COM 025816109 7681 148571 SH SOLE 148571 AMERICAN WATER WORKS CO INC COM 030420103 5472 185800 SH SOLE 185800 AMERIPRISE FINANCIAL INC COM 03076C106 8794 152469 SH SOLE 152469 AMETEK INC COM 031100100 259 5775 SH SOLE 5775 AMGEN COM 031162100 828 14191 SH SOLE 14191 ANADARKO PETROLEUM CORP COM 032511107 3416 44500 SH SOLE 44500 ANIXTER INTERNATIONAL COM 035290105 17099 261700 SH SOLE 261700 AON CORPORATION COM 037389103 671 13081 SH SOLE 13081 APACHE CORP COM 037411105 12094 98014 SH SOLE 98014 APPLE COMPUTER COM 037833100 609 1815 SH SOLE 1815 ARBITRON INCORPORATED COM 03875Q108 17999 435500 SH SOLE 435500 ARCHER DANIELS MIDLAND COM 039483102 510 16925 SH SOLE 16925 AUTOMATIC DATA PROCESSING INC COM 053015103 263 5000 SH SOLE 5000 AVAGO TECHNOLOGIES LTD COM Y0486S104 6986 183855 SH SOLE 183855 AVISTA CORP COM 05379B107 15542 605000 SH SOLE 605000 AVON PRODUCTS COM 054303102 6228 222416 SH SOLE 222416 BANK OF AMERICA CORP COM 060505104 845 77078 SH SOLE 77078 BAXTER INT'L COM 071813109 1462 24500 SH SOLE 24500 BECTON DICKINSON & CO COM 075887109 11288 131000 SH SOLE 131000 BELDEN CDT INC COM 077454106 16196 464600 SH SOLE 464600 BERKSHIRE HATHAWAY INC CLASS B COM 084670702 387 4998 SH SOLE 4998 BHP 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68439 SH SOLE 68439 CF INDUSTRIES HOLDINGS INC COM 125269100 5507 38870 SH SOLE 38870 CH ENERGY GROUP INC COM 12541M102 522 9800 SH SOLE 9800 CHESAPEAKE ENERGY CORP COM 165167107 367 12375 SH SOLE 12375 CHEVRON CORP COM 166764100 11123 108156 SH SOLE 108156 CHICAGO BRIDGE AND IRON COMPAN COM 167250109 19454 500100 SH SOLE 500100 CHURCH & DWIGHT INC COM 171340102 7247 178770 SH SOLE 178770 CIGNA CORP COM 125509109 280 5450 SH SOLE 5450 CISCO SYSTEMS INC COM 17275R102 201 12850 SH SOLE 12850 CLIFFS NATURAL RESOURCES INC COM 18683K101 227 2450 SH SOLE 2450 COAST DISTRIBUTION SERVICES COM 190345108 38 13000 SH SOLE 13000 COCA-COLA COM 191216100 2266 33671 SH SOLE 33671 COLGATE PALMOLIVE CO COM 194162103 914 10451 SH SOLE 10451 COMMUNITY BANK SYSTEMS INC COM 203607106 8181 330000 SH SOLE 330000 COMPASS MINERALS INTERNATIONAL COM 20451n101 12480 145000 SH SOLE 145000 COMPLETE PRODUCTION SERVICES COM 20453E109 12824 384400 SH SOLE 384400 CONOCOPHILLIPS COM 20825C104 21244 282544 SH SOLE 282544 CONSOL ENERGY INC COM 20854P109 356 7350 SH SOLE 7350 CONSTELLATION BRANDS INC COM 21036P108 1082 51950 SH SOLE 51950 CORNING INC COM 219350105 3335 183750 SH SOLE 183750 COSTCO WHOLESALE CORP COM 22160K105 260 3200 SH SOLE 3200 CRANE CO COM 224399105 16708 338150 SH SOLE 338150 CSX CORP COM 126408103 7516 286662 SH SOLE 286662 CVS CAREMARK CORP COM 126650100 10922 290645 SH SOLE 290645 DARDEN RESTAURANTS INC COM 237194105 7890 158565 SH SOLE 158565 DEERE & CO COM 244199105 4619 56025 SH SOLE 56025 DEVON ENERGY CORP COM 25179M103 7770 98597 SH SOLE 98597 DIAGEO PLC ADR COM 25243Q205 4800 58625 SH SOLE 58625 DIAMOND OFFSHORE DRILLING INC COM 25271C102 539 7650 SH SOLE 7650 DOLLAR GENERAL CORP COM 256677105 1461 43100 SH SOLE 43100 DOMINION RESOURCES INC VA COM 25746U109 2870 59450 SH SOLE 59450 DONEGAL GROUP INC CL A COM 257701201 918 71746 SH SOLE 71746 DOVER CORP COM 260003108 5354 78970 SH SOLE 78970 DU PONT EI DE NEMOURS COM 263534109 5150 95288 SH SOLE 95288 DUKE ENERGY CO COM 26441c105 4629 245812 SH SOLE 245812 EATON CORP COM 278058102 6798 132124 SH SOLE 132124 EL PASO ELECTRIC CO COM 283677854 18098 560300 SH SOLE 560300 ELI LILLY CO COM 532457108 5132 136749 SH SOLE 136749 EMERSON ELECTRIC COM 291011104 8294 147444 SH SOLE 147444 ENERGEN CORP COM 29265N108 1944 34400 SH SOLE 34400 ENERPLUS CORP COM 292766102 2852 90250 SH SOLE 90250 ENERSYS COM 29275Y102 17881 519500 SH SOLE 519500 ENSCO PLC COM 29358Q109 1037 19450 SH SOLE 19450 ENTERGY CORP COM 29364G103 888 13000 SH SOLE 13000 ENTERPRISE PRODUCTS PARTNERS COM 293792107 229 5300 SH SOLE 5300 EOG RESOURCES INC COM 26875P101 230 2200 SH SOLE 2200 EXELON CORP COM 30161N101 797 18608 SH SOLE 18608 EXXON MOBIL CORPORATION COM 30231G102 17028 209240 SH SOLE 209240 FAMILY DOLLAR STORES COM 307000109 5878 111836 SH SOLE 111836 FEDEX CORPORATION COM 31428X106 422 4450 SH SOLE 4450 FERRO CORP COM 315405100 9610 715000 SH SOLE 715000 FIRST MIDWEST BANCORP INC COM 320867104 6934 564200 SH SOLE 564200 FIRST 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