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 5,330 44,640 SH   SOLE   0 0 44,640
ABBOTT LABS COM COM 002824100 4,526 136,370 SH   SOLE   0 0 136,370
ABBVIE INC. COM 00287Y109 5,862 131,060 SH   SOLE   200 0 130,860
ACCESS MIDSTREAM COM 00434L109 944 19,550 SH   SOLE   0 0 19,400
ALTRIA GROUP INC COM 02209S103 4,821 140,359 SH   SOLE   0 0 140,359
AMER INT'L GROUP COM 026874784 6,902 141,935 SH   SOLE   150 0 141,635
AMERICAN CAMPUS COM 024835100 601 17,600 SH   SOLE   0 0 17,600
AMERICAN EXPRESS COM 025816109 1,883 24,935 SH   SOLE   0 0 24,935
ANADARKO PETRO COM 032511107 928 9,975 SH   SOLE   0 0 9,875
APACHE CORP COM 037411105 1,205 14,150 SH   SOLE   100 0 14,050
APOLLO INVESTMENT COM 03761U106 82 10,000 SH   SOLE   0 0 10,000
APPLE COMPUTER COM 037833100 4,038 8,471 SH   SOLE   0 0 8,471
APPLIED MATERIALS COM 038222105 6,829 389,546 SH   SOLE   0 0 389,546
AT&T COM 00206r102 3,411 100,871 SH   SOLE   0 0 100,871
ATLAS PIPELINE PTNRS COM 049392103 289 7,450 SH   SOLE   0 0 7,450
AVALONBAY COM 053484101 526 4,135 SH   SOLE   0 0 4,135
AVIV REIT COM 05381L101 221 9,700 SH   SOLE   0 0 9,700
BANK OF AMERICA COM 060505104 10,117 733,131 SH   SOLE   600 0 731,531
BLACKSTONE GROUP LP COM 09253u108 4,147 166,600 SH   SOLE   0 0 166,600
BOEING COM 097023105 5,593 47,600 SH   SOLE   0 0 47,600
BRISTOL-MYERS COM 110122108 5,457 117,915 SH   SOLE   0 0 117,665
CAMDEN PROPERTY TR COM 133131102 541 8,800 SH   SOLE   0 0 8,800
CATERPILLAR COM 149123101 4,491 53,850 SH   SOLE   0 0 53,850
CBL & ASSOCIATES COM 124830100 207 10,825 SH   SOLE   0 0 10,825
CHEVRON CORP COM 166764100 4,625 38,067 SH   SOLE   0 0 38,067
CISCO SYSTEMS INC COM 17275R102 593 25,293 SH   SOLE   0 0 25,293
CITIGROUP INC COM 172967101 6,462 133,210 SH   SOLE   0 0 133,210
CLOROX COMPANY COM 189054109 490 6,000 SH   SOLE   0 0 6,000
COMM BK BAY OAKLAND CA COM 203485107 123 30,000 SH   SOLE   0 0 30,000
CONAGRA COM 205887102 2,181 71,900 SH   SOLE   0 0 71,900
CONOCOPHILLIPS COM 20825c104 4,463 64,209 SH   SOLE   0 0 64,209
CUMMINS INC COM 231021106 325 2,445 SH   SOLE   0 0 2,445
DENBURY RESOURCES COM 247916208 1,029 55,900 SH   SOLE   0 0 55,900
DEUTSCHE TELEKOM COM 251566105 388 26,600 SH   SOLE   0 0 26,200
DEVON ENERGY COM 25179m103 358 6,200 SH   SOLE   0 0 6,200
DIGITAL REALTY TR COM 253868103 1,049 19,750 SH   SOLE   0 0 19,750
DOW CHEMICAL COM 260543103 4,802 125,060 SH   SOLE   0 0 125,060
DU PONT EI DE NMRS COM 263534109 5,771 98,555 SH   SOLE   0 0 98,455
DUNKIN' BRANDS COM 265504100 914 20,200 SH   SOLE   150 0 20,050
EMERSON ELECTRIC COM 291011104 2,679 41,400 SH   SOLE   0 0 41,400
ENBRIDGE ENERGY COM 29250R106 364 11,950 SH   SOLE   0 0 11,750
ENERGY TRANSFER COM 29273R109 2,407 46,232 SH   SOLE   0 0 46,082
ENERGY TRANSFER EQU COM 29273v100 2,861 43,500 SH   SOLE   0 0 43,500
ENTERPRISE PRODS COM 293792107 6,364 104,254 SH   SOLE   0 0 104,154
EQT MIDSTREAM COM 26885B100 226 4,600 SH   SOLE   0 0 4,600
EXPRESS SCRIPTS INC COM 302182100 2,117 34,250 SH   SOLE   100 0 34,150
EXXON MOBIL CORP COM 30231G102 3,751 43,600 SH   SOLE   0 0 43,600
FACEBOOK, INC. COM 30303M102 327 6,515 SH   SOLE   0 0 6,515
FIRST REPUBLIC BANK COM 33616C100 4,850 104,000 SH   SOLE   0 0 104,000
FLOWERS FOODS COM 343498101 643 30,000 SH   SOLE   0 0 30,000
FORD MOTOR CO COM 349862300 9,052 536,545 SH   SOLE   0 0 536,045
FRANKLIN RES COM 354613101 546 10,800 SH   SOLE   0 0 10,800
GAP INC COM 364760108 1,100 27,300 SH   SOLE   0 0 27,300
GENERAL ELECTRIC COM 369604103 8,785 367,728 SH   SOLE   0 0 367,228
GENERAL MILLS INC COM 370334104 2,979 62,159 SH   SOLE   0 0 62,009
GLAXOSMITHKILINE COM 37733W105 7,319 145,876 SH   SOLE   0 0 145,676
GOOGLE INC CLASS A COM 38259p508 206 235 SH   SOLE   0 0 235
HALLIBURTON CO COM 406216101 693 14,400 SH   SOLE   0 0 14,400
HARTFORD FINANCIAL COM 416515104 3,743 120,276 SH   SOLE   200 0 119,576
HCP, INC. COM 40414L109 3,523 86,025 SH   SOLE   0 0 86,025
HESS CORPORATION COM 42809H107 344 4,450 SH   SOLE   0 0 4,450
HEWLETT-PACKARD CO COM 428236103 537 25,600 SH   SOLE   0 0 25,600
HOLLY ENERGY COM 435763107 351 10,600 SH   SOLE   0 0 10,600
HOME DEPOT INC COM 437076102 4,590 60,516 SH   SOLE   0 0 60,516
HONEYWELL INT'L INC COM 438516106 5,017 60,414 SH   SOLE   0 0 60,414
IBM CORPORATION COM 459200101 2,116 11,427 SH   SOLE   0 0 11,427
INGREDION COM 457187102 864 13,050 SH   SOLE   0 0 13,050
INTEL CORPORATION COM 458140100 3,570 155,750 SH   SOLE   0 0 155,750
INTL PAPER COM 460146103 4,766 106,387 SH   SOLE   0 0 106,187
JOHNSON & JOHNSON COM 478160104 5,819 67,124 SH   SOLE   0 0 67,124
JP MORGAN CHASE COM 46625H100 5,040 97,500 SH   SOLE   100 0 97,200
KELLOGG CO COM 487836108 2,420 41,200 SH   SOLE   0 0 41,200
KEYCORP COM 493267108 137 12,000 SH   SOLE   0 0 11,500
KIMCO REALTY CORP COM 49446R109 529 26,200 SH   SOLE   0 0 26,200
KINDER MORGAN COM 494550106 247 3,100 SH   SOLE   0 0 3,100
KINDER MORGAN INC. COM 49456B101 1,160 32,625 SH   SOLE   0 0 32,625
KOHLBERG KRAVIS COM 48248M102 3,334 162,000 SH   SOLE   0 0 162,000
KRAFT FOOD GROUP COM 50076Q106 4,609 87,815 SH   SOLE   0 0 87,815
LAM RESEARCH CORP COM 512807108 530 10,350 SH   SOLE   0 0 10,350
LEGACY RESERVES LP COM 524707304 519 19,206 SH   SOLE   0 0 19,006
LILLY, ELI & CO COM 532457108 3,288 65,335 SH   SOLE   0 0 65,335
LOCKHEED MARTIN COM 539830109 4,961 38,895 SH   SOLE   0 0 38,895
MACERICH CO COM 554382101 471 8,353 SH   SOLE   0 0 8,353
MAGELLAN COM 559080106 691 12,250 SH   SOLE   0 0 12,250
MARKWEST ENERGY COM 570759100 3,977 55,060 SH   SOLE   0 0 54,910
MERCK & CO INC COM 589331107 5,067 106,427 SH   SOLE   0 0 106,227
MICROSOFT CORP COM 594918104 2,569 77,200 SH   SOLE   0 0 77,200
MONDELEZ INTL COM 609207105 950 30,250 SH   SOLE   0 0 30,250
MONSANTO COM 61166w101 2,364 22,650 SH   SOLE   0 0 22,650
MORGAN STANLEY COM 617446448 4,272 158,500 SH   SOLE   300 0 158,200
NESTLE SA COM 641069406 3,038 43,650 SH   SOLE   0 0 43,650
NUCOR CORP COM 670346105 3,768 76,858 SH   SOLE   0 0 76,708
OCCIDENTAL PETROL COM 674599105 962 10,281 SH   SOLE   0 0 10,131
ONEOK PARTNERS LP COM 68268n103 265 5,000 SH   SOLE   0 0 4,900
ORACLE CORP COM 68389X105 850 25,611 SH   SOLE   0 0 25,611
PEPSICO INC COM 713448108 5,640 70,943 SH   SOLE   0 0 70,843
PFIZER INC COM 717081103 5,915 205,915 SH   SOLE   0 0 205,615
PHILIP MORRIS INTL COM 718172109 3,197 36,926 SH   SOLE   0 0 36,926
PLAINS ALL AM COM 726503105 2,017 38,299 SH   SOLE   0 0 38,299
PROCTER & GAMBLE COM 742718109 18,423 243,720 SH   SOLE   0 0 243,620
PROLOGIS COM 74340W103 8,495 225,800 SH   SOLE   0 0 225,800
QUALCOMM INC COM 747525103 779 11,575 SH   SOLE   0 0 11,575
REGENCY CENTERS COM 758847103 309 6,400 SH   SOLE   0 0 6,400
REYNOLDS AMERICAN COM 761713106 4,350 89,175 SH   SOLE   0 0 89,025
ROBERT HALF INTL COM 770323103 2,537 65,000 SH   SOLE   0 0 65,000
SANOFI-AVENTIS COM 80105N105 4,203 83,017 SH   SOLE   0 0 82,917
SBA COMMUNICATIONS COM 78388J106 616 7,650 SH   SOLE   0 0 7,650
SCHLUMBERGER LTD COM 806857108 488 5,525 SH   SOLE   0 0 5,525
SCHWAB, CHARLES COM 808513105 484 22,899 SH   SOLE   0 0 22,899
SEADRILL LTD COM G7945E105 5,175 114,800 SH   SOLE   0 0 114,800
SENIOR HOUSING PROP COM 81721M109 1,304 55,867 SH   SOLE   0 0 55,567
SIMON PPTY GRP INC COM 828806109 596 4,020 SH   SOLE   0 0 4,020
STAN BLK & DECKER COM 854502101 1,146 12,651 SH   SOLE   0 0 12,651
TARGA CORP COM 87612G101 482 6,600 SH   SOLE   0 0 6,600
TARGA RESOURCES COM 87611x105 2,471 48,002 SH   SOLE   0 0 47,802
TAUBMAN CENTERS COM 876664103 202 3,000 SH   SOLE   0 0 3,000
THL CREDIT INC COM 872438106 351 22,500 SH   SOLE   0 0 22,500
TRANSCANADA CORP COM 89353D107 439 10,000 SH   SOLE   0 0 10,000
TRANSOCEAN INC COM H8817H100 623 14,000 SH   SOLE   0 0 14,000
TRAVELERS CO COM 89417E109 6,061 71,495 SH   SOLE   0 0 71,395
UNILEVER NV COM 904784709 2,097 55,600 SH   SOLE   0 0 55,600
UNION PACIFIC COM 907818108 3,988 25,675 SH   SOLE   0 0 25,675
UNITED TECH COM 913017109 4,432 41,104 SH   SOLE   0 0 41,104
VENTAS INC. COM 92276F100 676 11,000 SH   SOLE   0 0 11,000
VERIZON COMM COM 92343V104 5,746 123,108 SH   SOLE   0 0 123,108
VISA INC CL A COM 92826c839 3,147 16,466 SH   SOLE   0 0 16,466
VORNADO RLTY COM 929042109 3,100 36,880 SH   SOLE   0 0 36,880
WAL-MART STORES COM 931142103 2,554 34,536 SH   SOLE   0 0 34,536
WALGREEN CO COM 931422109 678 12,600 SH   SOLE   0 0 12,600
WELLS FARGO & CO COM 949746101 7,024 169,987 SH   SOLE   200 0 169,787
WESTERN GAS COM 958254104 3,450 57,375 SH   SOLE   0 0 57,375
WEYERHAEUSER COM 984332106 4,707 164,422 SH   SOLE   0 0 164,122
WILLIAMS PARTNERS LP COM 96950f104 352 6,650 SH   SOLE   0 0 6,650