Cohen & Steers as of March 31, 2012
Portfolio Holdings for Cohen & Steers
Cohen & Steers holds 0 positions in its portfolio as reported in the March 2012 quarterly 13F filing
FORM 13F INFORMATION TABLE
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 MANAGERS SOLE SHARED NONE
---------------------------- -------------- --------- --------- ---------- --- ---- ---------- -------- ---------- ------ ----------
{S} {C} {C} {C} {C} {C} {C} {C} {C} {C} {C} {C}
Abbott Laboratories COM 002824100 62,832 1,025,163 SH SOLE 1,2 849,663 0 175,500
Acadia Realty Trust COM 004239109 87,514 3,882,599 SH SOLE 1 1,363,189 0 2,519,410
Accenture Plc COM G1151C101 219 3,400 SH SOLE 1 0 0 3,400
Advent Claymore Convertible COM 00764C109 667 40,900 SH SOLE 1 40,900 0 0
Sec & Inc Fund
Advent Claymore Convertible COM 007639107 596 86,600 SH SOLE 1 86,600 0 0
Sec & Inc Fund
Aflac Inc. COM 001055102 2,635 57,300 SH SOLE 1,2 10,100 0 47,200
AGIC Convertible & Income COM 001191105 10,446 1,192,480 SH SOLE 1 1,192,480 0 0
FD II
AGIC Convertible & Income COM 001190107 11,602 1,221,233 SH SOLE 1 1,221,233 0 0
Fund
Alexander's Inc. COM 014752109 48,075 122,055 SH SOLE 1 109,918 0 12,137
Alexandria Real Estate COM 015271109 415,049 5,675,492 SH SOLE 1,2 3,192,523 0 2,482,969
Equities
Alliance National Muni Inc. COM 01864U106 538 36,300 SH SOLE 1 36,300 0 0
AllianceBernstein Global COM 01879R106 4,830 321,600 SH SOLE 1 321,600 0 0
High Income Fund
AllianceBernstein Income COM 01881E101 9,184 1,121,400 SH SOLE 1 1,121,400 0 0
Fund
Alpine Global Dynamic Divide COM 02082E106 30 5,000 SH SOLE 1 5,000 0 0
Alpine Global Premier COM 02083A103 10,542 1,621,869 SH SOLE 1 1,621,869 0 0
Properties Fund
Alpine Total Dynamic COM 021060108 199 42,000 SH SOLE 1 42,000 0 0
Dividend Fund
American Assets Trust Inc COM 024013104 125,844 5,519,479 SH SOLE 1,2 4,086,048 0 1,433,431
American Campus Communities COM 024835100 124,687 2,788,172 SH SOLE 1,2 2,413,830 0 374,342
American Electric Power COM 025537101 23,360 605,500 SH SOLE 1 605,500 0 0
American Express Co. COM 025816109 55,540 959,900 SH SOLE 1,2 803,800 0 156,100
American Tower Corp COM 03027X100 165,377 2,624,201 SH SOLE 1 2,624,201 0 0
American Water Works Co. COM 030420103 21,601 634,762 SH SOLE 1 634,762 0 0
Inc.
Amgen Inc. COM 031162100 20,207 297,200 SH SOLE 1,2 241,800 0 55,400
Annaly Capital Management In COM 035710409 9,383 593,132 SH SOLE 1,2 494,632 0 98,500
Apache Corp. COM 037411105 48,756 485,422 SH SOLE 1,2 391,322 0 94,100
Apartment Investment & COM 03748R101 359,280 13,603,921 SH SOLE 1,2 9,705,799 0 3,898,122
Management Co.
Apple Inc. COM 037833100 57,690 96,235 SH SOLE 1,2 66,285 0 29,950
Ashford Hospitality Pr.E PFD 044103505 13,123 516,641 SH SOLE 1 435,000 0 81,641
Associated Estates Realty COM 045604105 80,301 4,914,371 SH SOLE 1 1,873,682 0 3,040,689
Corp.
AT^T Inc. COM 00206R102 80,576 2,580,077 SH SOLE 1,2 2,268,577 0 311,500
Atlas Pipeline Partners LP COM 049392103 18 519 SH SOLE 1 519 0 0
Avago Technologies L COM Y0486S104 3,683 94,500 SH SOLE 1,2 43,800 0 50,700
Avalonbay Communities Inc COM 053484101 707,990 5,008,774 SH SOLE 1,2 2,129,505 0 2,879,269
Baker Hughes Inc. COM 057224107 267 6,372 SH SOLE 1 6,372 0 0
Bank Of America Corp. COM 060505104 23,430 2,448,300 SH SOLE 1,2 2,106,100 0 342,200
Bank Of New York Mellon COM 064058100 34,701 1,438,100 SH SOLE 1,2 1,212,500 0 225,600
Corp.
Bankunited Inc COM 06652K103 1,307 52,280 SH SOLE 1 52,280 0 0
Banner Corporation COM 06652V208 1,591 72,205 SH SOLE 1 72,205 0 0
Barclays Bank 7.10% (BCS A) PFD 06739H776 1,856 74,997 SH SOLE 1 71,049 0 3,948
Barclays Bank 7.75% (BCS C) PFD 06739H511 17,314 687,063 SH SOLE 1 680,631 0 6,432
Barclays Bank PLC 6.625% PFD 06739F390 108 4,493 SH SOLE 1 3,626 0 867
(BCS)
Becton Dickinson & Co. COM 075887109 4,682 60,300 SH SOLE 1,2 10,600 0 49,700
BHP Billiton Ltd - Spon Adr ADR 088606108 601 8,300 SH SOLE 1 8,300 0 0
BioMed Realty Trust Inc. COM 09063H107 135,909 7,160,654 SH SOLE 1,2 3,704,325 0 3,456,329
Blackrock Build Amer Bd COM 09248X100 774 36,100 SH SOLE 1 36,100 0 0
Blackrock Corporate High COM 09255M104 33 4,400 SH SOLE 1 4,400 0 0
Yield Fund 3<br /><br />FORM 13F INFORMATION TABLE
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 MANAGERS SOLE SHARED NONE
---------------------------- -------------- --------- --------- ---------- --- ---- ---------- -------- ---------- ------ ----------
{S} {C} {C} {C} {C} {C} {C} {C} {C} {C} {C} {C}
Blackrock Corporate High COM 09255N102 522 41,600 SH SOLE 1 41,600 0 0
Yield Fund 5
Blackrock Corporate High COM 09255P107 882 70,976 SH SOLE 1 70,976 0 0
Yield Fund 6
Blackrock Debt Strategies COM 09255R103 412 99,500 SH SOLE 1 99,500 0 0
Fund
Blackrock Enh Cap And Inc COM 09256A109 90 6,700 SH SOLE 1 6,700 0 0
BlackRock Enhanced Dividend COM 09251A104 75 10,000 SH SOLE 1 10,000 0 0
Achievers Trust
Blackrock Inc. COM 09247X101 205 1,000 SH SOLE 1 0 0 1,000
BlackRock Income Trust Inc COM 09247F100 38 5,100 SH SOLE 1 5,100 0 0
Blackrock International COM 092524107 140 17,800 SH SOLE 1 17,800 0 0
Growth
Blackrock Limited Duration COM 09249W101 1,864 105,100 SH SOLE 1 105,100 0 0
Income Trust
Blackrock Mun Income Trust COM 09249N101 2,720 175,500 SH SOLE 1 175,500 0 0
II
Blackrock Muniholdings COM 09254A101 776 55,000 SH SOLE 1 55,000 0 0
Quality
Blackrock Munivest Fund COM 09253R105 2,303 220,985 SH SOLE 1 220,985 0 0
Blackrock Muniyield Fund COM 09253W104 1,707 111,600 SH SOLE 1 111,600 0 0
Blackrock Muniyield Insured COM 09254E103 2,320 163,300 SH SOLE 1 163,300 0 0
Blackrock Muniyield Qual Ii COM 09254G108 1,196 88,200 SH SOLE 1 88,200 0 0
Blackrock Pfd Incm Strategie COM 09255H105 49 4,700 SH SOLE 1 4,700 0 0
Blackrock Preferred And Equi COM 092508100 71 5,400 SH SOLE 1 5,400 0 0
Blackrock Real Asset Equity COM 09254B109 3,141 260,700 SH SOLE 1 260,700 0 0
BlackRock Senior High COM 09255T109 37 8,900 SH SOLE 1 8,900 0 0
Income Fund Inc
Boardwalk Pipeline Partners COM 096627104 32 1,225 SH SOLE 1 1,225 0 0
LP
Boston Properties Inc. COM 101121101 814,263 7,755,626 SH SOLE 1,2 3,526,264 0 4,229,362
Brandywine Realty Trust COM 105368203 977 85,100 SH SOLE 1 85,100 0 0
BRE Properties Inc. COM 05564E106 104,905 2,075,281 SH SOLE 1 285,806 0 1,789,475
Breitburn Energy Partners LP COM 106776107 19 1,000 SH SOLE 1 1,000 0 0
Bristol-Myers Squibb Co. COM 110122108 165 4,900 SH SOLE 1 0 0 4,900
Brookdale Senior Living Inc. COM 112463104 3,517 187,876 SH SOLE 1 127,805 0 60,071
Brookfield Asset Management COM 112585104 7,381 234,422 SH SOLE 1 0 0 234,422
Inc
Brookfield Properties Corp. COM 112900105 289,565 16,593,958 SH SOLE 1,2 14,232,153 0 2,361,805
Buckeye Partners LP COM 118230101 13,015 212,740 SH SOLE 1 212,740 0 0
Calamos Convertible & High COM 12811P108 1,914 150,030 SH SOLE 1 150,030 0 0
Income Fund
Calumet Specialty Products COM 131476103 26 1,000 SH SOLE 1 1,000 0 0
Partners LP
Camden Property Trust COM 133131102 64,555 981,826 SH SOLE 1 29,287 0 952,539
Campus Crest Communities COM 13466Y105 35,477 3,042,639 SH SOLE 1 2,788,531 0 254,108
Canadian Natl Railway COM 136375102 1,190 15,000 SH SOLE 1 15,000 0 0
Canadian Natural Resources COM 136385101 261 7,893 SH SOLE 1 7,893 0 0
Ltd
Carnival Corp. COM 143658300 8,437 263,013 SH SOLE 1,2 195,813 0 67,200
Caterpillar Inc. COM 149123101 3,046 28,600 SH SOLE 1 27,600 0 1,000
CBL & Associates Properties COM 124830100 3,084 163,022 SH SOLE 1 163,022 0 0
CBRE Clarion Global Real COM 12504G100 3,639 452,612 SH SOLE 1 452,612 0 0
Estate Income Fund
CBRE Group Inc COM 12504L109 1,058 52,987 SH SOLE 1 52,987 0 0
CenterPoint Energy Inc. COM 15189T107 21,812 1,106,086 SH SOLE 1 1,106,086 0 0
Central Fund Canada Cl A COM 153501101 6,476 295,186 SH SOLE 1 295,186 0 0
Central GoldTrust COM 153546106 246 3,860 SH SOLE 1 3,860 0 0
Chevron Corp. COM 166764100 122,589 1,143,130 SH SOLE 1,2 927,830 0 215,300
China Mobile Ltd. Sponsored ADR 16941M109 30,002 544,700 SH SOLE 1 479,500 0 65,200
ADR<br /><br />FORM 13F INFORMATION TABLE
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 MANAGERS SOLE SHARED NONE
---------------------------- -------------- --------- --------- ---------- --- ---- ---------- -------- ---------- ------ ----------
{S} {C} {C} {C} {C} {C} {C} {C} {C} {C} {C} {C}
Chubb Corp COM 171232101 57,500 832,000 SH SOLE 1,2 711,800 0 120,200
Cia De Saneamento Basico ADR ADR 20441A102 19,968 260,609 SH SOLE 1 260,609 0 0
Cisco Systems Inc. COM 17275R102 12,815 605,900 SH SOLE 1,2 391,100 0 214,800
Citigroup Inc. COM 172967424 52,201 1,428,214 SH SOLE 1 1,186,914 0 241,300
Clearbridge Energy Mlp COM 184692101 1,124 47,620 SH SOLE 1 47,620 0 0
Clough Global Equity Fund COM 18914C100 3,352 255,700 SH SOLE 1 255,700 0 0
Clough Global Opportunities COM 18914E106 8,687 738,100 SH SOLE 1 738,100 0 0
Fund
Cogdell Spencer Pr.A PFD 19238U206 13,232 522,488 SH SOLE 1 295,000 0 227,488
Colonial Properties Trust COM 195872106 158,928 7,313,754 SH SOLE 1,2 6,323,743 0 990,011
Colony Finl Inc COM 19624R106 2,326 142,008 SH SOLE 1 142,008 0 0
Comerica Inc. COM 200340107 38,211 1,180,800 SH SOLE 1,2 1,013,700 0 167,100
Commonwealth REIT Pfd. D PFD 203233408 52,804 2,472,098 SH SOLE 1 516,156 0 1,955,942
Commonwealth REIT Pr. E PFD 203233606 46,402 1,845,000 SH SOLE 1 0 0 1,845,000
Consumer Discretionary Selt COM 81369Y407 2,517 55,800 SH SOLE 1 55,800 0 0
Copano Energy LLC COM 217202100 76 2,125 SH SOLE 1 2,125 0 0
Corporate Office Properties COM 22002T108 161,248 6,947,351 SH SOLE 1 4,980,792 0 1,966,559
Costco Wholesale Corp. COM 22160K105 44,020 484,800 SH SOLE 1,2 375,100 0 109,700
Covidien PLC COM G2554F113 65,220 1,192,765 SH SOLE 1,2 956,165 0 236,600
Crown Castle International COM 228227104 93,744 1,757,488 SH SOLE 1 1,757,488 0 0
Corp.
CubeSmart COM 229663109 206,267 17,333,372 SH SOLE 1,2 9,408,906 0 7,924,466
CVS Caremark Corp. COM 126650100 73,759 1,646,400 SH SOLE 1,2 1,330,400 0 316,000
DCP Midstream Partners LP COM 23311P100 35 760 SH SOLE 1 760 0 0
DCT Industrial Trust Inc. COM 233153105 1,296 219,691 SH SOLE 1,2 191,900 0 27,791
DDR Corp. COM 23317H102 110,820 7,590,439 SH SOLE 1 348,973 0 7,241,466
Devon Energy Corp. COM 25179M103 56,829 799,054 SH SOLE 1,2 648,654 0 150,400
Diamondrock Hospitality Co. COM 252784301 129,181 12,554,002 SH SOLE 1 42,747 0 12,511,255
Digital Realty Trust Inc. COM 253868103 453,935 6,136,748 SH SOLE 1 3,571,046 0 2,565,702
Douglas Emmett Inc. COM 25960P109 109,628 4,806,137 SH SOLE 1,2 1,690,962 0 3,115,175
Dow 30 Enhanced Premium & In COM 260537105 45 4,000 SH SOLE 1 4,000 0 0
Dow Chemical COM 260543103 20,673 596,800 SH SOLE 1,2 491,600 0 105,200
Dreyfus High Yield COM 26200S101 43 9,200 SH SOLE 1 9,200 0 0
Strategies Fund
Duke Realty Corp. COM 264411505 71,836 5,009,500 SH SOLE 1 0 0 5,009,500
Dupont Fabros Technology COM 26613Q106 249,877 10,219,908 SH SOLE 1,2 5,249,332 0 4,970,576
Inc.
Eastgroup Properties Inc. COM 277276101 1,208 24,049 SH SOLE 1 24,049 0 0
Eaton Corp COM 278058102 19,498 391,300 SH SOLE 1,2 293,500 0 97,800
Eaton Vance Enh Eqt Inc Ii COM 278277108 81 7,400 SH SOLE 1 7,400 0 0
Eaton Vance Enhanced Eq Incm COM 278274105 75 6,800 SH SOLE 1 6,800 0 0
Eaton Vance Floating Rate COM 278279104 13,313 819,746 SH SOLE 1 819,746 0 0
Income Trust
Eaton Vance Insured Muni Bnd COM 27827X101 1,378 106,000 SH SOLE 1 106,000 0 0
Eaton Vance Limited COM 27828H105 11,009 685,937 SH SOLE 1 685,937 0 0
Duration Fund
Eaton Vance Senior Income Tr COM 27826S103 5,039 698,887 SH SOLE 1 698,887 0 0
Eaton Vance Sr Fltg Rate COM 27828Q105 5,401 354,426 SH SOLE 1 354,426 0 0
Trust
Eaton Vance T/A Global COM 27828S101 7,361 508,700 SH SOLE 1 508,700 0 0
Dividend Income
Eaton Vance T/M Buy-Wr In COM 27828X100 2,541 185,500 SH SOLE 1 185,500 0 0
Eaton Vance T/M Buy-Write COM 27828Y108 13,769 1,064,056 SH SOLE 1 1,064,056 0 0
Opportunity
Eaton Vance Tax Adv Global COM 27828U106 4,396 224,500 SH SOLE 1 224,500 0 0
Dividend O
Eaton Vance Tax Man Global COM 27829C105 5,438 492,565 SH SOLE 1 492,565 0 0
Br
Eaton Vance Tax-Adv Dvd. COM 27828G107 9,696 579,551 SH SOLE 1 579,551 0 0
Inc. Fund<br /><br />FORM 13F INFORMATION TABLE
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 MANAGERS SOLE SHARED NONE
---------------------------- -------------- --------- --------- ---------- --- ---- ---------- -------- ---------- ------ ----------
{S} {C} {C} {C} {C} {C} {C} {C} {C} {C} {C} {C}
Eaton Vance Tax-Managed COM 27828N102 12,382 1,299,317 SH SOLE 1 1,299,317 0 0
Dividend
Eaton Vance Tax-Managed COM 27829F108 11,982 1,344,762 SH SOLE 1 1,344,762 0 0
Global
Edison International COM 281020107 33,319 783,796 SH SOLE 1 783,796 0 0
Education Realty Trust Inc. COM 28140H104 160,224 14,780,839 SH SOLE 1,2 11,025,678 0 3,755,161
El Paso Corp. COM 28336L109 18 600 SH SOLE 1 600 0 0
El Paso Pipeline Partners LP COM 283702108 66 1,905 SH SOLE 1 1,905 0 0
Eldorado Gold Corp COM 284902103 297 21,650 SH SOLE 1 21,650 0 0
Emerson Electric Co COM 291011104 45,840 878,500 SH SOLE 1,2 697,300 0 181,200
Enbridge Energy Partners LP COM 29250R106 8,290 267,667 SH SOLE 1 267,667 0 0
Enbridge Inc COM 29250N105 70,192 1,810,883 SH SOLE 1 1,810,883 0 0
Encana Corp COM 292505104 216 11,000 SH SOLE 1 11,000 0 0
Energy Select Sector Spdr COM 81369Y506 4,031 56,200 SH SOLE 1 56,200 0 0
Energy Transfer Equity Lp COM 29273V100 91 2,250 SH SOLE 1 2,250 0 0
Energy Transfer Partners LP COM 29273R109 59 1,250 SH SOLE 1 1,250 0 0
Ensco PLC-Spon ADR ADR 29358Q109 1,535 29,000 SH SOLE 1 29,000 0 0
Enterprise Products Partners COM 293792107 44,383 879,389 SH SOLE 1 879,389 0 0
Entertainment Properties 9% PFD 29380T600 8,535 306,446 SH SOLE 1 211,000 0 95,446
CV (EPR E)
Entertainment Property PFD 29380T402 8,966 430,000 SH SOLE 1 0 0 430,000
5.75% CV (EPR C)
Equity Lifestyle Properties COM 29472R108 284,099 4,073,687 SH SOLE 1,2 2,471,080 0 1,602,607
Equity Residential COM 29476L107 1,467,557 23,435,923 SH SOLE 1,2 11,903,009 0 11,532,914
Essex Property Trust Inc. COM 297178105 160,965 1,062,402 SH SOLE 1,2 530,911 0 531,491
EV Energy Partner LP COM 26926V107 70 1,010 SH SOLE 1 1,010 0 0
Extra Space Storage Inc. COM 30225T102 251,164 8,724,004 SH SOLE 1,2 5,751,718 0 2,972,286
Exxon Mobil Corp. COM 30231G102 109,497 1,262,503 SH SOLE 1,2 1,020,203 0 242,300
Federal Realty Investment COM 313747206 344,360 3,557,804 SH SOLE 1,2 1,227,585 0 2,330,219
Trust
First Industrial Realty COM 32054K103 96,375 7,803,605 SH SOLE 1,2 3,954,128 0 3,849,477
Trust
First Trust Aberdeen Global COM 337319107 4,447 254,700 SH SOLE 1 254,700 0 0
Fund
First Trust Strategic High COM 337353304 1,425 82,300 SH SOLE 1 82,300 0 0
Income Fund II
First Trust/Four Crns Sr F 2 COM 33733U108 329 22,000 SH SOLE 1 22,000 0 0
Firstenergy Corp. COM 337932107 23,278 510,600 SH SOLE 1 510,600 0 0
Flah & Crum/Claymore COM 338478100 8,169 452,572 SH SOLE 1 452,572 0 0
Preferred S I
Flah & Crum/Claymore Total COM 338479108 5,218 274,500 SH SOLE 1 274,500 0 0
Return Fund
Ford Motor Co COM 345370860 931 74,500 SH SOLE 1 74,500 0 0
Franklin Resources Inc. COM 354613101 35,709 287,903 SH SOLE 1,2 246,403 0 41,500
Franklin Templeton Ltd COM 35472T101 2,009 143,400 SH SOLE 1 143,400 0 0
Duration Inc Fund
Freeport-Mcmoran Copper COM 35671D857 3,096 81,400 SH SOLE 1,2 32,300 0 49,100
Gabelli Dividend & Income COM 36242H104 8,645 527,769 SH SOLE 1 527,769 0 0
Trust
Gabelli Equity Trust COM 362397101 11,511 2,001,900 SH SOLE 1 2,001,900 0 0
Gabelli Gold Nat Res & COM 36465A109 1,669 103,298 SH SOLE 1 103,298 0 0
Income
General Dynamics Corp. COM 369550108 31,680 431,719 SH SOLE 1 388,419 0 43,300
General Electric Co. COM 369604103 74,631 3,718,530 SH SOLE 1,2 3,148,430 0 570,100
General Growth Properties COM 370023103 834,300 49,105,356 SH SOLE 1,2 28,931,181 0 20,174,175
Genesis Energy LP COM 371927104 35 1,150 SH SOLE 1 1,150 0 0
Golar LNG Partners LP COM Y2745C102 15,916 428,768 SH SOLE 1 428,768 0 0
Goldman Sachs Group Inc. COM 38141G104 37,808 304,000 SH SOLE 1,2 260,100 0 43,900
Google Inc. Cl A COM 38259P508 11,671 18,200 SH SOLE 1,2 6,800 0 11,400
Grupo Aeroportuario ADR 400506101 4,609 126,680 SH SOLE 1 126,680 0 0<br /><br />FORM 13F INFORMATION TABLE
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 MANAGERS SOLE SHARED NONE
---------------------------- -------------- --------- --------- ---------- --- ---- ---------- -------- ---------- ------ ----------
{S} {C} {C} {C} {C} {C} {C} {C} {C} {C} {C} {C}
Guggenheim Strategic Opp COM 40167F101 712 34,660 SH SOLE 1 34,660 0 0
Fund
Harris Corp. COM 413875105 2,488 55,200 SH SOLE 1,2 10,200 0 45,000
HCC Insurance Holdings Inc. COM 404132102 24,422 783,500 SH SOLE 1 698,600 0 84,900
HCP Inc COM 40414L109 784,187 19,872,954 SH SOLE 1,2 8,536,914 0 11,336,040
Health Care REIT Inc. COM 42217K106 256,146 4,660,596 SH SOLE 1 1,526,147 0 3,134,449
Healthcare Realty Trust Inc. COM 421946104 11,014 500,633 SH SOLE 1 470,445 0 30,188
Hersha Hospitality Trust COM 427825104 155,167 28,418,896 SH SOLE 1,2 21,311,103 0 7,107,793
Home Properties Inc. COM 437306103 66,342 1,087,398 SH SOLE 1 0 0 1,087,398
Hospitality Properties Trust COM 44106M102 66,309 2,505,044 SH SOLE 1 561,171 0 1,943,873
Host Hotels & Resorts Inc. COM 44107P104 792,689 48,275,814 SH SOLE 1,2 23,188,229 0 25,087,585
HSBC Holdings PLC 6.20% PFD 404280604 44 1,770 SH SOLE 1 300 0 1470
(HBC A)
Hudson Pacific Prop COM 444097109 74,293 4,910,285 SH SOLE 1,2 4,456,580 0 453,705
Huntington Bancshares 8.5% PFD 446150401 13,125 11,320 SH SOLE 1 11,320 0 0
CV (HBANP)
Hyatt Hotels Corp CL A COM 448579102 256,345 6,000,585 SH SOLE 1,2 5,261,923 0 738,662
I Shares Gold Trust COM 464285105 3,742 230,000 SH SOLE 1 230,000 0 0
Imperial Oil Ltd COM 453038408 94 2,082 SH SOLE 1 2,082 0 0
Inergy LP COM 456615103 42 2,575 SH SOLE 1 2,575 0 0
Ing Infrastructure Indl COM 45685U100 4,383 237,200 SH SOLE 1 237,200 0 0
ING Prime Rate Trust COM 44977W106 2,844 498,915 SH SOLE 1 498,915 0 0
Intel Corp. COM 458140100 3,651 129,900 SH SOLE 1,2 26,500 0 103,400
International Business COM 459200101 7,664 36,733 SH SOLE 1,2 17,033 0 19,700
Machines Corp.
Intrepid Potash Inc COM 46121Y102 169 6,950 SH SOLE 1 6,950 0 0
Invesco Van Kampen Select COM 46132G108 1,152 89,847 SH SOLE 1 89,847 0 0
Sector
Ishares Silver Trust COM 46428Q109 1,923 61,300 SH SOLE 1 61,300 0 0
ITC Holdings Corp. COM 465685105 12,276 159,558 SH SOLE 1 159,558 0 0
John Hancock Patriot COM 41013T105 59 4,400 SH SOLE 1 4,400 0 0
Premium Dividend Fund II
John Hancock Preferred COM 41013X106 628 28,723 SH SOLE 1 28,723 0 0
Income II
John Hancock Preferred COM 41021P103 410 23,049 SH SOLE 1 23,049 0 0
Income III
John Hancock T/A Dividend COM 41013V100 2,373 133,890 SH SOLE 1 133,890 0 0
Income Fund
Johnson & Johnson COM 478160104 55,336 838,936 SH SOLE 1,2 704,036 0 134,900
Johnson Controls Inc. COM 478366107 26,910 828,500 SH SOLE 1,2 638,500 0 190,000
JP Morgan Chase & Co COM 46625H100 130,808 2,844,894 SH SOLE 1,2 2,373,094 0 471,800
Kayne Anderson Energy Total COM 48660P104 6,805 247,624 SH SOLE 1 247,624 0 0
Return
Kayne Anderson COM 48661E108 3,147 114,700 SH SOLE 1 114,700 0 0
MidstreamEnergy
Kayne Anderson MLP COM 486606106 2,719 87,300 SH SOLE 1 87,300 0 0
Investment
Keycorp 7.75% CV (KEY G) PFD 493267405 4,784 42,470 SH SOLE 1 42,270 0 200
Kilroy Realty Corp. COM 49427F108 358,421 7,689,798 SH SOLE 1,2 4,592,638 0 3,097,160
Kimco Realty Corp. COM 49446R109 349,236 18,132,710 SH SOLE 1,2 6,323,680 0 11,809,030
Kinder Morgan Energy Prtnrs COM 494550106 27,430 331,477 SH SOLE 1 331,477 0 0
Kinder Morgan Manage COM 49455U100 327 4,380 SH SOLE 1 4,380 0 0
L-3 Communications Holdings COM 502424104 19,356 273,500 SH SOLE 1,2 180,800 0 92,700
Lexington Corp Pr C CV PFD 529043309 9,890 228,449 SH SOLE 1 211,636 0 16,813
Liberty All-Star Equity Fund COM 530158104 4,995 1,013,086 SH SOLE 1 1,013,086 0 0
Liberty Property Trust COM 531172104 324,608 9,087,573 SH SOLE 1,2 4,155,542 0 4,932,031
Linn Energy Llc-Units COM 536020100 82 2,160 SH SOLE 1 2,160 0 0
LMP Capital And Income Fund COM 50208A102 54 4,000 SH SOLE 1 4,000 0 0
Lockheed Martin Corp. COM 539830109 20,129 224,000 SH SOLE 1 197,500 0 26,500
Mack-Cali Realty Corp. COM 554489104 141,440 4,907,690 SH SOLE 1 1,052,516 0 3,855,174<br /><br />FORM 13F INFORMATION TABLE
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 MANAGERS SOLE SHARED NONE
---------------------------- -------------- --------- --------- ---------- --- ---- ---------- -------- ---------- ------ ----------
{S} {C} {C} {C} {C} {C} {C} {C} {C} {C} {C} {C}
Macquarie/Ft Gl Int/Ut Dv In COM 55607W100 2,118 132,352 SH SOLE 1 132,352 0 0
Magellan Midstream Partners COM 559080106 93 1,280 SH SOLE 1 1,280 0 0
Marathon Petroleum Corp. COM 56585A102 35,254 813,050 SH SOLE 1,2 647,150 0 165,900
Market Vectors Gold Miners COM 57060U100 2,022 40,800 SH SOLE 1 40,800 0 0
Market Vectors Oil Service COM 57060U191 3,611 88,900 SH SOLE 1 88,900 0 0
ETF
MarkWest Energy Partners LP COM 570759100 74,381 1,272,563 SH SOLE 1 1,272,563 0 0
McDonald's Corp. COM 580135101 72,077 734,727 SH SOLE 1,2 591,327 0 143,400
Mckesson Corp. COM 58155Q103 246 2,800 SH SOLE 1 0 0 2,800
Merck & Co Inc COM 58933Y105 63,894 1,663,900 SH SOLE 1,2 1,370,800 0 293,100
MFS Intermediate Inc Trust COM 55273C107 56 8,700 SH SOLE 1 8,700 0 0
MFS Multimarket Income Trust COM 552737108 2,062 295,400 SH SOLE 1 295,400 0 0
Microsoft Corp. COM 594918104 22,828 707,851 SH SOLE 1,2 531,851 0 176,000
Mid-America Apartment COM 59522J103 149,796 2,234,762 SH SOLE 1,2 1,867,490 0 367,272
Communities
Morgan Stanley Emerging COM 617477104 1,747 107,600 SH SOLE 1 107,600 0 0
Markets
Mosaic Company COM 61945C103 481 8,700 SH SOLE 1 8,700 0 0
Murphy Oil Corp COM 626717102 324 5,750 SH SOLE 1 5,750 0 0
NATL WESTMINSTER 7.76% (NW PFD 638539882 37,298 1,598,047 SH SOLE 1 1,593,211 0 4,836
C)
Natural Resource Partners LP COM 63900P103 45 1,870 SH SOLE 1 1,870 0 0
Neuberger Berman Real Estate COM 64190A103 33 7,700 SH SOLE 1 7,700 0 0
New America High Income Fund COM 641876800 9,252 899,091 SH SOLE 1 899,091 0 0
Newmont Mining Corp COM 651639106 17,868 348,500 SH SOLE 1,2 235,500 0 113,000
News Corp Ltd COM 65248E104 9,113 462,800 SH SOLE 1,2 365,100 0 97,700
Nexen Inc COM 65334H102 270 14,750 SH SOLE 1 14,750 0 0
NextEra Energy Inc COM 65339F101 106,748 1,747,678 SH SOLE 1,2 1,581,478 0 166,200
NFJ Dividend Interest & COM 65337H109 4,253 238,000 SH SOLE 1 238,000 0 0
Preferred Strategy
Nike Inc. Cl B COM 654106103 17,643 162,700 SH SOLE 1,2 129,300 0 33,400
Nordstrom Inc. COM 655664100 31,144 558,940 SH SOLE 1,2 443,040 0 115,900
Norfolk Southern Corp. COM 655844108 30,545 464,000 SH SOLE 1,2 363,200 0 100,800
Northrop Grumman Corp. COM 666807102 3,848 63,000 SH SOLE 1 63,000 0 0
Northwest Natural Gas Co. COM 667655104 1,322 29,125 SH SOLE 1 29,125 0 0
NuStar Energy LP COM 67058H102 77 1,300 SH SOLE 1 1,300 0 0
Nuveen Diversified Dividend COM 6706EP105 3,033 258,551 SH SOLE 1 258,551 0 0
And Income Fund
Nuveen Dividend Advantage COM 67066V101 1,906 130,700 SH SOLE 1 130,700 0 0
Muni Fd
Nuveen Equity Premium Income COM 6706ER101 54 4,500 SH SOLE 1 4,500 0 0
Nuveen Equity Premium COM 6706EM102 1,577 129,500 SH SOLE 1 129,500 0 0
Opportunity Fund
Nuveen Floating rate Income COM 67072T108 3,807 319,400 SH SOLE 1 319,400 0 0
Nuveen Floating Rate Income COM 6706EN100 2,732 226,700 SH SOLE 1 226,700 0 0
Opportunity Fund
Nuveen Global Value Opp Fund COM 6706EH103 1,360 83,400 SH SOLE 1 83,400 0 0
Nuveen Inv Quality Muni Fd COM 67062E103 2,263 144,800 SH SOLE 1 144,800 0 0
Nuveen Mtg Opportunity COM 670735109 1,588 67,914 SH SOLE 1 67,914 0 0
Nuveen Mtg Oppty Term F COM 67074R100 1,842 78,500 SH SOLE 1 78,500 0 0
Nuveen Multi-Currency Short- COM 67090N109 66 5,000 SH SOLE 1 5,000 0 0
Nuveen Multi-Strategy COM 67073D102 5,088 566,600 SH SOLE 1 566,600 0 0
Income & Growth 2
Nuveen Performance Plus Muni COM 67062P108 1,536 99,000 SH SOLE 1 99,000 0 0
Nuveen Preferred Income COM 67073B106 5,681 639,700 SH SOLE 1 639,700 0 0
Opportunities Fund
Nuveen Premium Inc Muni Fd 2 COM 67063W102 3,224 214,900 SH SOLE 1 214,900 0 0
Nuveen Quality Preferred Inc COM 67071S101 51 6,300 SH SOLE 1 6,300 0 0
Nuveen Quality Preferred COM 67072C105 101 11,700 SH SOLE 1 11,700 0 0
Income Fund II<br /><br />FORM 13F INFORMATION TABLE
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 MANAGERS SOLE SHARED NONE
---------------------------- -------------- --------- --------- ---------- --- ---- ---------- -------- ---------- ------ ----------
{S} {C} {C} {C} {C} {C} {C} {C} {C} {C} {C} {C}
Nuveen Real Estate Income COM 67071B108 3,473 307,639 SH SOLE 1 307,639 0 0
Fund
Nuveen Senior Income Fund COM 67067Y104 29 4,000 SH SOLE 1 4,000 0 0
Nuveen Tax-Adv Tot Ret Strat COM 67090H102 1,710 153,900 SH SOLE 1 153,900 0 0
Occidental Petroleum Corp. COM 674599105 64,706 679,467 SH SOLE 1,2 538,867 0 140,600
Oiltanking Partners LP COM 678049107 12,817 417,225 SH SOLE 1 417,225 0 0
ONEOK Partners LP COM 68268N103 166 3,035 SH SOLE 1 3,035 0 0
Oracle Corp. COM 68389X105 83,704 2,870,501 SH SOLE 1,2 2,280,701 0 589,800
Orient Express Hotels Ltd. COM G67743107 83,437 8,180,107 SH SOLE 1,2 6,949,052 0 1,231,055
A
P G & E Corp. COM 69331C108 71,798 1,653,958 SH SOLE 1,2 1,543,458 0 110,500
Paa Natural Gas Storage Lp COM 693139107 18 935 SH SOLE 1 935 0 0
Parkway Properties Inc. COM 70159Q104 1,723 164,420 SH SOLE 1 164,420 0 0
Patterson Companies COM 703395103 26,917 805,900 SH SOLE 1,2 670,300 0 135,600
Pebblebrook Hotel Trust COM 70509V100 10,958 485,307 SH SOLE 1 361,300 0 124,007
Penn Virginia Resource COM 707884102 52 2,400 SH SOLE 1 2,400 0 0
Partners LP
Pepsico Inc. COM 713448108 29,561 445,538 SH SOLE 1,2 336,138 0 109,400
Petroleo Brasileiro SA ADR 71654V101 296 11,569 SH SOLE 1 11,569 0 0
Petsmart Inc COM 716768106 21,017 367,300 SH SOLE 1,2 298,400 0 68,900
Pfizer Inc. COM 717081103 67,823 2,993,084 SH SOLE 1,2 2,551,284 0 441,800
Philip Morris International COM 718172109 61,344 692,289 SH SOLE 1,2 533,289 0 159,000
Piedmont Office Realty Tru-A COM 720190206 131,825 7,426,735 SH SOLE 1 6,701,317 0 725,418
PIMCO Corporate Income Fund COM 72200U100 71 4,400 SH SOLE 1 4,400 0 0
PIMCO Corporate Opportunity COM 72201B101 5,447 292,695 SH SOLE 1 292,695 0 0
PIMCO High Income Fund COM 722014107 214 16,700 SH SOLE 1 16,700 0 0
PIMCO Income Opportunity COM 72202B100 14,571 552,965 SH SOLE 1 552,965 0 0
Fund
PIMCO Income Strategy Fund COM 72201J104 2,494 245,437 SH SOLE 1 245,437 0 0
II
Pimco Municipal Income Fund COM 72200W106 0 0 SH SOLE 1 0 0 0
II
PIMCO Strategic Global COM 72200X104 55 5,000 SH SOLE 1 5,000 0 0
Government Fund Inc
Pioneer Diversified High COM 723653101 1,079 52,600 SH SOLE 1 52,600 0 0
Income
Pioneer Floating Rate Trust COM 72369J102 5,508 425,002 SH SOLE 1 425,002 0 0
Pioneer High Income Trust COM 72369H106 67 4,000 SH SOLE 1 4,000 0 0
Plains All American COM 726503105 139 1,775 SH SOLE 1 1,775 0 0
Pipeline LP
PNC Financial Services Group COM 693475105 290 4,500 SH SOLE 1 4,500 0 0
Post Properties Inc. COM 737464107 77,108 1,645,488 SH SOLE 1 1,483,082 0 162,406
Potash Corp of Saskatchewan COM 73755L107 6,124 134,400 SH SOLE 1,2 53,500 0 80,900
Potash Corp of Saskatchewan COM 73755L107 29,571 647,199 SH SOLE 1,2 573,999 0 73,200
- US
PPL Corp. COM 69351T106 40,601 1,436,707 SH SOLE 1 1,436,707 0 0
Procter & Gamble Co. COM 742718109 65,992 981,876 SH SOLE 1,2 823,576 0 158,300
ProLogis Inc. COM 74340W103 1,224,108 33,984,119 SH SOLE 1,2 20,403,292 0 13,580,827
Prudential Finl Inc COM 744320102 81,976 1,293,200 SH SOLE 1,2 1,094,200 0 199,000
PS Business Parks Inc. COM 69360J107 6,823 104,108 SH SOLE 1,2 57,956 0 46,152
Public Storage COM 74460D109 1,146,451 8,297,395 SH SOLE 1,2 4,891,525 0 3,405,870
Putnam Master Intermediate COM 746909100 38 7,300 SH SOLE 1 7,300 0 0
Income Trust
Putnam Premier Income Trust COM 746853100 7,335 1,331,253 SH SOLE 1 1,331,253 0 0
Pyxis Credit Strategies Fund COM 74734W107 30 4,800 SH SOLE 1 4,800 0 0
Qualcomm Inc. COM 747525103 98,670 1,450,600 SH SOLE 1,2 1,159,700 0 290,900
Questar Corp. COM 748356102 19,418 1,008,196 SH SOLE 1 1,008,196 0 0
Ramco-Gershenson 7.25% CV PFD 751452608 3,588 73,005 SH SOLE 1 53,005 0 20,000
Pr.D (RPT D)<br /><br />FORM 13F INFORMATION TABLE
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 MANAGERS SOLE SHARED NONE
---------------------------- -------------- --------- --------- ---------- --- ---- ---------- -------- ---------- ------ ----------
{S} {C} {C} {C} {C} {C} {C} {C} {C} {C} {C} {C}
Ramco-Gershenson Properties COM 751452202 15,119 1,237,214 SH SOLE 1,2 1,156,472 0 80,742
Rayonier Inc. COM 754907103 1,047 23,744 SH SOLE 1 23,744 0 0
Regency Centers Corp. COM 758849103 543,147 12,211,037 SH SOLE 1,2 7,265,331 0 4,945,706
Regency Energy Partners Lp COM 75885Y107 100 4,075 SH SOLE 1 4,075 0 0
Regions Financial Corp. COM 7591EP100 659 100,000 SH SOLE 1 100,000 0 0
RLJ Lodging Trust COM 74965L101 35,206 1,889,758 SH SOLE 1 728,716 0 1,161,042
Rogers Communications Inc COM 775109200 8,483 214,100 SH SOLE 1 89,100 0 125,000
Rose Rock Midstream LP COM 777149105 7,620 319,620 SH SOLE 1 319,620 0 0
Ross Stores Inc COM 778296103 42,895 738,300 SH SOLE 1,2 611,200 0 127,100
Rouse Properties Inc COM 779287101 67 4,917 SH SOLE 1 4,917 0 0
Royal Bank of Canada COM 780087102 133 2,300 SH SOLE 1 0 0 2,300
Royal Bank of Scotland PFD 780097770 2,687 166,257 SH SOLE 1 165,557 0 700
6.35% (RBS N)
Royal Bank of Scotland 6.6% PFD 780097739 3,948 236,406 SH SOLE 1 236,406 0 0
(RBS S)
Royal Bank of Scotland Pr.H PFD 780097879 2,635 119,000 SH SOLE 1 119,000 0 0
Royal Bank Scotland 6.4% PFD 780097796 2,641 160,615 SH SOLE 1 159,692 0 923
(RBS M)
Royal Gold Inc COM 780287108 131 2,007 SH SOLE 1 2,007 0 0
Royce Value Trust COM 780910105 6,297 453,700 SH SOLE 1 453,700 0 0
SBA Communications Corp. Cl COM 78388J106 3,929 77,323 SH SOLE 1 77,323 0 0
A
Schlumberger Ltd. COM 806857108 39,248 561,242 SH SOLE 1,2 454,642 0 106,600
Select Income Reit COM 81618T100 10,413 461,168 SH SOLE 1,2 359,866 0 101,302
Sempra Energy COM 816851109 57,348 956,441 SH SOLE 1 912,441 0 44,000
Senior Housing Properties COM 81721M109 218,619 9,914,692 SH SOLE 1,2 2,680,956 0 7,233,736
Trust
Siemens AG-Spons ADR ADR 826197501 14,330 142,111 SH SOLE 1 126,748 0 15,363
Simon Property Group Inc. COM 828806109 3,468,271 23,807,463 SH SOLE 1,2 13,155,697 0 10,651,766
SL Green Realty Corp. COM 78440X101 704,783 9,088,110 SH SOLE 1,2 5,807,511 0 3,280,599
Southern Co COM 842587107 66,750 1,485,638 SH SOLE 1 1,485,638 0 0
Southwestern Energy COM 845467109 209 6,825 SH SOLE 1 6,825 0 0
Sovran Self Storage Inc. COM 84610H108 67,050 1,345,583 SH SOLE 1,2 650,677 0 694,906
SPDR Trust Series 1 COM 78462F103 3,870 27,500 SH SOLE 1 27,500 0 0
Special Opportunities F COM 84741T104 16 1,000 SH SOLE 1 1,000 0 0
Spectra Energy Corp. COM 847560109 4,763 150,970 SH SOLE 1 150,970 0 0
Sprott Physical Gold Tr COM 85207H104 5,496 380,600 SH SOLE 1 380,600 0 0
Sprott Physical Silver Trust COM 85207K107 2,616 191,900 SH SOLE 1 191,900 0 0
Starwood Hotels & Resorts COM 85590A401 125,398 2,222,972 SH SOLE 1,2 2,036,896 0 186,076
Stone Harbor Emerging Market COM 86164T107 1,775 72,200 SH SOLE 1 72,200 0 0
Strategic Hotels & Resorts I COM 86272T106 951 144,600 SH SOLE 1 144,600 0 0
Stratus Properties Inc. COM 863167201 841 90,025 SH SOLE 1 90,025 0 0
Suburban Propane Partners LP COM 864482104 39 900 SH SOLE 1 900 0 0
Suncor Energy Inc COM 867224107 577 17,684 SH SOLE 1 8,584 0 9,100
Sunoco Logistics Partners LP COM 86764L108 54 1,425 SH SOLE 1 1,425 0 0
Sunstone Hotel Pr. D PFD 867892507 19,507 791,045 SH SOLE 1 351,620 0 439,425
Supervalu Inc. COM 868536103 3,344 585,606 SH SOLE 1 585,606 0 0
Symantec Corp COM 871503108 57,323 3,065,400 SH SOLE 1,2 2,484,900 0 580,500
Syngenta AG -ADR ADR 87160A100 1,494 21,700 SH SOLE 1 21,700 0 0
Talisman Energy Inc COM 87425E103 93 7,450 SH SOLE 1 7,450 0 0
Tanger Factory Outlet Center COM 875465106 180,063 6,056,603 SH SOLE 1,2 5,326,592 0 730,011
Targa Resources Corp COM 87612G101 4,073 89,625 SH SOLE 1 89,625 0 0
Targa Resources Partners Lp COM 87611X105 93 2,231 SH SOLE 1 2,231 0 0
Taubman Centers Inc. COM 876664103 362,475 4,968,820 SH SOLE 1,2 4,020,088 0 948,732
TC Pipelines LP COM 87233Q108 43 955 SH SOLE 1 955 0 0
Templeton Global Income Fund COM 880198106 2,845 294,848 SH SOLE 1 294,848 0 0
Tesoro Logistics LP COM 88160T107 15,047 430,288 SH SOLE 1 430,288 0 0
Teva ADR 881624209 24,012 532,884 SH SOLE 1 475,084 0 57,800
Pharmaceutical-Sponsored
ADR<br /><br />FORM 13F INFORMATION TABLE
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 MANAGERS SOLE SHARED NONE
---------------------------- -------------- --------- --------- ---------- --- ---- ---------- -------- ---------- ------ ----------
{S} {C} {C} {C} {C} {C} {C} {C} {C} {C} {C} {C}
The Macerich Co. COM 554382101 314,078 5,438,572 SH SOLE 1,2 3,012,501 0 2,426,071
The Walt Disney Co. COM 254687106 85,397 1,950,600 SH SOLE 1,2 1,578,100 0 372,500
Tiffany & Co New COM 886547108 19,633 284,000 SH SOLE 1,2 223,900 0 60,100
Tim Hortons Inc COM 88706M103 20,779 389,200 SH SOLE 1,2 284,400 0 104,800
Tim Hortons Inc. COM 88706M103 214 4,000 SH SOLE 1 4,000 0 0
Time Warner Cable In COM 88732J207 34,760 426,500 SH SOLE 1,2 327,100 0 99,400
Toronto-Dominion Bank COM 891160509 5,616 66,300 SH SOLE 1,2 38,900 0 27,400
Toronto-Dominion Bank COM 891160509 16,455 193,700 SH SOLE 1 171,800 0 21,900
Tortoise MLP Fund, Inc COM 89148B101 5,741 224,100 SH SOLE 1 224,100 0 0
TransCanada Corp COM 89353D107 59,676 1,392,562 SH SOLE 1 1,389,762 0 2,800
UDR Inc. COM 902653104 482,431 18,061,814 SH SOLE 1,2 8,835,451 0 9,226,363
Ultra Pete Corp COM 903914109 225 9,959 SH SOLE 1 9,959 0 0
United Parcel Service Cl B COM 911312106 45,620 565,160 SH SOLE 1,2 435,360 0 129,800
United Technologies Corp. COM 913017109 9,909 119,473 SH SOLE 1,2 61,473 0 58,000
Unitedhealth Group Inc. COM 91324P102 99,556 1,689,104 SH SOLE 1,2 1,371,204 0 317,900
US Bancorp COM 902973304 75,933 2,396,872 SH SOLE 1,2 2,017,772 0 379,100
Van Kampen Dynamic Credit Op COM 46132R104 102 8,700 SH SOLE 1 8,700 0 0
Van Kampen Senior Income COM 46131H107 77 15,600 SH SOLE 1 15,600 0 0
Trust
Ventas Inc. COM 92276F100 1,011,456 17,713,770 SH SOLE 1,2 9,926,242 0 7,787,528
Verizon Communications Inc. COM 92343V104 15,533 406,300 SH SOLE 1 406,300 0 0
Visa Inc.-Class A Shares COM 92826C839 73,526 623,100 SH SOLE 1,2 500,400 0 122,700
Vodafone Group PLC ADR ADR 92857W209 5,408 195,456 SH SOLE 1 195,456 0 0
Vornado Realty Trust COM 929042109 1,289,630 15,316,266 SH SOLE 1,2 8,283,360 0 7,032,906
Wa/Clay US Infl-Lkd COM 95766R104 69 5,400 SH SOLE 1 5,400 0 0
Opportunity & Income Fund
Wal-Mart Stores Inc. COM 931142103 2,693 44,000 SH SOLE 1,2 9,200 0 34,800
Weingarten Realty Investors COM 948741103 266,108 10,068,401 SH SOLE 1,2 6,144,478 0 3,923,923
Wells Fargo & Co. COM 949746101 80,956 2,371,303 SH SOLE 1,2 1,973,503 0 397,800
Wells Fargo Advantage Global COM 94987C103 711 83,400 SH SOLE 1 83,400 0 0
Wells Fargo Advantage COM 94987B105 5,839 570,200 SH SOLE 1 570,200 0 0
Income Opportunities Fund
Wells Fargo Advantage COM 94987D101 73 4,800 SH SOLE 1 4,800 0 0
Multi-sector
Wells Fargo Co 7.5% (WFC L) PFD 949746804 45,226 40,500 SH SOLE 1 40,500 0 0
Western Asset Global Cp COM 95790C107 3,357 174,111 SH SOLE 1 174,111 0 0
Western Asset Global High In COM 95766B109 5,972 450,700 SH SOLE 1 450,700 0 0
Western Asset High Income COM 95766J102 3,948 395,166 SH SOLE 1 395,166 0 0
Fund II
Western Asset High Income COM 95766K109 301 48,900 SH SOLE 1 48,900 0 0
Opportunity Fund
Western Asset Managed High Y COM 95766L107 31 5,000 SH SOLE 1 5,000 0 0
Western Gas Partners LP COM 958254104 70 1,525 SH SOLE 1 1,525 0 0
Williams Cos Inc. COM 969457100 52,127 1,691,870 SH SOLE 1 1,691,870 0 0
Williams Partners LP COM 96950F104 100 1,770 SH SOLE 1 1,770 0 0
Wisconsin Energy Corp. COM 976657106 87,525 2,487,921 SH SOLE 1,2 2,141,021 0 346,900
WW Grainger Inc COM 384802104 6,618 30,810 SH SOLE 1,2 5,500 0 25,310
Xcel Energy Inc. COM 98389B100 19,871 750,715 SH SOLE 1 750,715 0 0