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
3M COMPANY COM 88579Y101 6,303 46,465 SH   SOLE   0 0 46,465
ABBOTT LABS COM COM 002824100 401 10,400 SH   SOLE   0 0 10,400
ABBVIE INC. COM 00287Y109 6,512 126,700 SH   SOLE   200 0 126,500
ACCESS MIDSTREAM COM 00434L109 1,022 17,750 SH   SOLE   0 0 17,600
ALTRIA GROUP INC COM 02209S103 5,261 140,554 SH   SOLE   0 0 140,554
AMER INT'L GROUP COM 026874784 6,243 124,837 SH   SOLE   150 0 124,537
AMERICAN CAMPUS COM 024835100 564 15,100 SH   SOLE   0 0 15,100
AMERICAN EXPRESS COM 025816109 2,245 24,935 SH   SOLE   0 0 24,935
ANADARKO PETRO COM 032511107 1,123 13,251 SH   SOLE   0 0 13,151
APACHE CORP COM 037411105 956 11,525 SH   SOLE   0 0 11,525
APOLLO INVESTMENT COM 03761U106 83 10,000 SH   SOLE   0 0 10,000
APPLE COMPUTER COM 037833100 5,081 9,466 SH   SOLE   0 0 9,466
APPLIED MATERIALS COM 038222105 7,660 375,190 SH   SOLE   0 0 375,190
AT&T COM 00206r102 4,518 128,814 SH   SOLE   0 0 128,814
AVALONBAY COM 053484101 543 4,135 SH   SOLE   0 0 4,135
BANK OF AMERICA COM 060505104 13,661 794,234 SH   SOLE   600 0 792,634
BLACKSTONE GROUP LP COM 09253u108 5,768 173,475 SH   SOLE   0 0 173,475
BOEING COM 097023105 6,968 55,526 SH   SOLE   0 0 55,526
BRINKER INTL INC COM 109641100 2,622 50,000 SH   SOLE   0 0 50,000
BRISTOL-MYERS COM 110122108 6,264 120,583 SH   SOLE   0 0 120,333
BUNGE LIMITED COM 013317810 928 11,675 SH   SOLE   0 0 11,675
CAMDEN PROPERTY TR COM 133131102 593 8,800 SH   SOLE   0 0 8,800
CATERPILLAR COM 149123101 5,572 56,075 SH   SOLE   0 0 56,075
CHEVRON CORP COM 166764100 4,386 36,888 SH   SOLE   0 0 36,888
CITIGROUP INC COM 172967101 6,991 146,860 SH   SOLE   0 0 146,860
CLOROX COMPANY COM 189054109 528 6,000 SH   SOLE   0 0 6,000
COMCAST CL A COM 20030N101 4,602 91,975 SH   SOLE   0 0 91,975
COMM BK BAY OAKLAND CA COM 203485107 124 30,000 SH   SOLE   0 0 30,000
CONOCOPHILLIPS COM 20825c104 4,255 60,479 SH   SOLE   0 0 60,479
CUMMINS INC COM 231021106 1,293 8,680 SH   SOLE   0 0 8,680
DENBURY RESOURCES COM 247916208 287 17,500 SH   SOLE   0 0 17,500
DEUTSCHE TELEKOM COM 251566105 435 26,800 SH   SOLE   0 0 26,400
DOW CHEMICAL COM 260543103 6,580 135,424 SH   SOLE   0 0 135,424
DU PONT EI DE NMRS COM 263534109 7,396 110,216 SH   SOLE   0 0 110,116
DUNKIN' BRANDS COM 265504100 1,606 32,000 SH   SOLE   150 0 31,850
EMERSON ELECTRIC COM 291011104 2,839 42,500 SH   SOLE   0 0 42,500
ENERGY TRANSFER COM 29273R109 2,741 50,965 SH   SOLE   0 0 50,815
ENERGY TRANSFER EQU COM 29273v100 4,813 102,950 SH   SOLE   0 0 102,800
ENTERPRISE PRODS COM 293792107 7,207 103,906 SH   SOLE   0 0 103,806
EQT MIDSTREAM COM 26885B100 324 4,600 SH   SOLE   0 0 4,600
EXPRESS SCRIPTS INC COM 302182100 2,681 35,700 SH   SOLE   100 0 35,600
EXXON MOBIL CORP COM 30231G102 3,858 39,500 SH   SOLE   0 0 39,500
FACEBOOK, INC. COM 30303M102 590 9,790 SH   SOLE   0 0 9,790
FIRST REPUBLIC BANK COM 33616C100 5,615 104,000 SH   SOLE   0 0 104,000
FLOWERS FOODS COM 343498101 643 30,000 SH   SOLE   0 0 30,000
FRANKLIN RES COM 354613101 585 10,800 SH   SOLE   0 0 10,800
FREEPORT MCMORAN COM 35671d857 1,430 43,252 SH   SOLE   0 0 42,952
GAP INC COM 364760108 1,094 27,300 SH   SOLE   0 0 27,300
GEN MOTORS CORP COM 370442105 439 12,750 SH   SOLE   0 0 12,750
GENERAL ELECTRIC COM 369604103 10,275 396,872 SH   SOLE   0 0 396,372
GENERAL MILLS INC COM 370334104 3,161 60,994 SH   SOLE   0 0 60,844
GLAXOSMITHKILINE COM 37733W105 5,585 104,525 SH   SOLE   0 0 104,525
GOOGLE INC CLASS A COM 38259p508 262 235 SH   SOLE   0 0 235
HARTFORD FINANCIAL COM 416515104 3,233 91,657 SH   SOLE   0 0 91,157
HCP, INC. COM 40414L109 3,759 96,900 SH   SOLE   0 0 96,900
HESS CORPORATION COM 42809H107 361 4,350 SH   SOLE   0 0 4,350
HEWLETT-PACKARD CO COM 428236103 845 26,100 SH   SOLE   0 0 26,100
HILTON WORLDWIDE COM 43300A104 1,967 88,440 SH   SOLE   0 0 88,440
HOLLY ENERGY COM 435763107 352 10,600 SH   SOLE   0 0 10,600
HOME DEPOT INC COM 437076102 4,746 59,980 SH   SOLE   0 0 59,980
HONEYWELL INT'L INC COM 438516106 5,888 63,472 SH   SOLE   0 0 63,472
IBM CORPORATION COM 459200101 2,180 11,327 SH   SOLE   0 0 11,327
INGREDION COM 457187102 531 7,805 SH   SOLE   0 0 7,805
INTEL CORPORATION COM 458140100 4,668 180,850 SH   SOLE   0 0 180,850
INTL PAPER COM 460146103 5,760 125,551 SH   SOLE   0 0 125,351
JOHNSON & JOHNSON COM 478160104 6,791 69,136 SH   SOLE   0 0 69,136
JP MORGAN CHASE COM 46625H100 6,217 102,401 SH   SOLE   100 0 102,101
KELLOGG CO COM 487836108 2,584 41,200 SH   SOLE   0 0 41,200
KEYCORP COM 493267108 5,333 374,502 SH   SOLE   500 0 373,002
KIMCO REALTY CORP COM 49446R109 309 14,110 SH   SOLE   0 0 14,110
KOHLBERG KRAVIS COM 48248M102 3,807 166,675 SH   SOLE   0 0 166,675
KRAFT FOOD GROUP COM 50076Q106 5,047 89,970 SH   SOLE   0 0 89,970
LAM RESEARCH CORP COM 512807108 539 9,800 SH   SOLE   0 0 9,800
LEGACY RESERVES LP COM 524707304 460 18,513 SH   SOLE   0 0 18,313
LILLY, ELI & CO COM 532457108 3,804 64,630 SH   SOLE   0 0 64,630
LOCKHEED MARTIN COM 539830109 6,284 38,495 SH   SOLE   0 0 38,495
LORILLARD, INC COM 544147101 2,312 42,750 SH   SOLE   100 0 42,550
MACERICH CO COM 554382101 471 7,553 SH   SOLE   0 0 7,553
MAGELLAN COM 559080106 840 12,050 SH   SOLE   0 0 12,050
MARRIOTT INTL COM 571903202 1,120 20,000 SH   SOLE   0 0 20,000
MERCK & CO INC COM 589331107 5,764 101,534 SH   SOLE   0 0 101,334
MICROSOFT CORP COM 594918104 3,087 75,305 SH   SOLE   0 0 75,305
MONDELEZ INTL COM 609207105 1,019 29,500 SH   SOLE   0 0 29,500
MONSANTO COM 61166w101 2,577 22,650 SH   SOLE   0 0 22,650
MORGAN STANLEY COM 617446448 4,746 152,250 SH   SOLE   300 0 151,950
NESTLE SA COM 641069406 3,283 43,650 SH   SOLE   0 0 43,650
NIKE COM 654106103 591 8,000 SH   SOLE   0 0 8,000
NORTHSTAR REALTY COM 66704R100 3,535 219,006 SH   SOLE   0 0 218,556
NUCOR CORP COM 670346105 3,940 77,960 SH   SOLE   0 0 77,810
OCCIDENTAL PETROL COM 674599105 1,390 14,586 SH   SOLE   0 0 14,436
ORACLE CORP COM 68389X105 706 17,261 SH   SOLE   0 0 17,261
PEPSICO INC COM 713448108 5,979 71,604 SH   SOLE   0 0 71,504
PFIZER INC COM 717081103 6,852 213,320 SH   SOLE   0 0 213,020
PHILIP MORRIS INTL COM 718172109 3,278 40,042 SH   SOLE   0 0 40,042
PINNACLE FOODS COM 72348P104 249 8,350 SH   SOLE   0 0 8,350
PLAINS ALL AM COM 726503105 2,139 38,804 SH   SOLE   0 0 38,804
PLAINS GP HLDGS COM 72651A108 1,930 68,970 SH   SOLE   0 0 68,970
PROCTER & GAMBLE COM 742718109 18,883 234,280 SH   SOLE   0 0 234,180
PROLOGIS COM 74340W103 8,601 210,650 SH   SOLE   0 0 210,650
QUALCOMM INC COM 747525103 1,126 14,275 SH   SOLE   0 0 14,275
REGENCY CENTERS COM 758847103 322 6,300 SH   SOLE   0 0 6,300
REYNOLDS AMERICAN COM 761713106 4,768 89,249 SH   SOLE   0 0 89,099
ROBERT HALF INTL COM 770323103 2,727 65,000 SH   SOLE   0 0 65,000
ROCHE HLDGS LTD COM 771195104 6,276 166,380 SH   SOLE   0 0 166,380
SANOFI-AVENTIS COM 80105N105 3,666 70,117 SH   SOLE   0 0 70,017
SBA COMMUNICATIONS COM 78388J106 1,153 12,675 SH   SOLE   0 0 12,675
SCHLUMBERGER LTD COM 806857108 497 5,101 SH   SOLE   0 0 5,101
SCHWAB, CHARLES COM 808513105 668 24,450 SH   SOLE   0 0 24,450
SEAGATE TECHNOLOGY COM G7945M107 3,794 67,560 SH   SOLE   0 0 67,560
SIMON PPTY GRP INC COM 828806109 725 4,420 SH   SOLE   0 0 4,420
STARBUCKS CORP COM 855244109 667 9,085 SH   SOLE   0 0 9,085
TARGA CORP COM 87612G101 496 5,000 SH   SOLE   0 0 5,000
TARGA RESOURCES COM 87611x105 2,539 45,130 SH   SOLE   0 0 44,930
TAUBMAN CENTERS COM 876664103 212 3,000 SH   SOLE   0 0 3,000
TEEKAY CORP COM Y8564W103 2,233 39,702 SH   SOLE   0 0 39,502
TRANSCANADA CORP COM 89353D107 455 10,000 SH   SOLE   0 0 10,000
TRAVELERS CO COM 89417E109 1,100 12,927 SH   SOLE   0 0 12,827
UNILEVER NV COM 904784709 2,533 61,600 SH   SOLE   0 0 61,600
UNION PACIFIC COM 907818108 5,006 26,675 SH   SOLE   0 0 26,675
UNITED TECH COM 913017109 5,860 50,156 SH   SOLE   0 0 50,156
VENTAS INC. COM 92276F100 878 14,500 SH   SOLE   0 0 14,500
VERIZON COMM COM 92343V104 6,876 144,555 SH   SOLE   0 0 144,555
VISA INC CL A COM 92826c839 5,245 24,300 SH   SOLE   0 0 24,300
VORNADO RLTY COM 929042109 3,625 36,780 SH   SOLE   0 0 36,780
WAL-MART STORES COM 931142103 2,640 34,540 SH   SOLE   0 0 34,540
WALGREEN CO COM 931422109 847 12,825 SH   SOLE   0 0 12,825
WELLS FARGO & CO COM 949746101 8,296 166,790 SH   SOLE   200 0 166,590
WESTERN GAS COM 958254104 1,026 15,500 SH   SOLE   0 0 15,500
WEYERHAEUSER COM 984332106 4,385 149,407 SH   SOLE   0 0 149,107
WILLIAMS PARTNERS LP COM 96950f104 344 6,750 SH   SOLE   0 0 6,750
DFA US CORE EQUITY I COM 245918784 521 30,945 SH   SOLE   0 0 30,945