13F-HR 1 fhr13ftable.txt REMS GROUP Q1 2012 13F-HR FILING 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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Campus Crest Community Pr A 13466Y204 2139 84200 SH SOLE 84200 127 5000 SH OTHER 5000 RamcoGershenson Pr D Conv 751452608 6901 140400 SH SOLE 140400 1116 22700 SH OTHER 20100 2600 REMS Real Estate Income 50/50 981477102 787 61787.040SH SOLE 61787.040 Agree Realty 008492100 2145 95000 SH SOLE 95000 Alex RE Pr E 015271703 451 18500 SH OTHER 18500 Alexandria Real Estate 015271109 10787 147500 SH SOLE 147500 1711 23400 SH OTHER 23400 Allied Properties REIT CA0194561 1323 50900 SH SOLE 50900 Apt. Invst. Mgmt. 03748R101 12856 486800 SH SOLE 486800 2044 77400 SH OTHER 77400 Brandywine Realty Trust 105368203 2173 189300 SH SOLE 189300 Brookfield Property 112900105 2977 170600 SH SOLE 170600 468 26800 SH OTHER 26800 CBL & Associates 124830100 4692 248000 SH SOLE 248000 473 25000 SH OTHER 25000 CBL & Associates Pr C 124830506 224 8900 SH SOLE 8900 372 14800 SH OTHER 14800 CBL & Associates Pr D 124830605 450 18000 SH OTHER 18000 CBRE Group Inc. 12504L109 2904 145500 SH SOLE 145500 1337 67000 SH OTHER 67000 Camden Property Trust 133131102 7712 117300 SH SOLE 117300 1499 22800 SH OTHER 22800 Campus Crest Community 13466Y105 7615 653117 SH SOLE 653117 Colonial Property 195872106 12851 591400 SH SOLE 591400 2751 126600 SH OTHER 91400 35200 Colony Financial Inc 19624R106 13550 827200 SH SOLE 827200 2409 147100 SH OTHER 113000 34100 Cousins Property 222795106 10040 1324500 SH SOLE 1324500 1924 253800 SH OTHER 253800 Crexus Invesment Co. 226553105 7058 682600 SH SOLE 682600 1336 129200 SH OTHER 129200 DDR Corporation 23317H102 10289 704700 SH SOLE 704700 1711 117200 SH OTHER 117200 Duke Realty 264411505 13425 936200 SH SOLE 936200 1834 127900 SH OTHER 127900 Equity Lifestyles Pr A 29472R207 242 9500 SH SOLE 9500 634 24900 SH OTHER 24900 Forest City Class A 345550107 246 15700 SH SOLE 15700 Gaylord Entertainment 367905106 10604 344300 SH SOLE 344300 1549 50300 SH OTHER 50300 Glimcher Reatly Pr G 379302409 2098 84900 SH SOLE 84900 946 38300 SH OTHER 38300 Glimcher Reatly Trust 379302102 6653 651000 SH SOLE 651000 1039 101700 SH OTHER 101700 HFF, Inc. 40418F108 8343 506567 SH SOLE 506567 Health Care REIT 42217K106 671 12200 SH OTHER 12200 Healthcare Realty 421946104 1560 70900 SH SOLE 70900 752 34200 SH OTHER 34200 Hersha Hospitality 427825104 8566 1568900 SH SOLE 1568900 1384 253400 SH OTHER 253400 Home Property 437306103 207 3400 SH OTHER 3400 Hudson Pacific Prpty 444097109 5326 352046 SH SOLE 352046 954 63055 SH OTHER 63055 IShares DJ US R.E. 464287739 816 13100 SH SOLE 13100 Kennedy Wilson Hldgs 489398107 12680 939237 SH SOLE 939237 2473 183200 SH OTHER 183200 Kite Realty Trust 49803T102 10687 2027800 SH SOLE 2027800 1627 308700 SH OTHER 308700 Liberty Property Trust 531172104 9126 255500 SH SOLE 255500 1768 49500 SH OTHER 26500 23000 MGM Resorts Int'l 552953101 260 19100 SH SOLE 19100 Mack Cali 554489104 672 23325 SH OTHER 23325 Mission West Prpty 605203108 10461 1060947 SH SOLE 1060947 2416 245000 SH OTHER 245000 Northstar Realty Finance 66704R100 12779 2362100 SH SOLE 2362100 2128 393400 SH OTHER 393400 PS Business Parks 69360J107 7924 120900 SH SOLE 120900 1488 22700 SH OTHER 22700 Parkway Properties 70159Q104 5570 531500 SH SOLE 531500 Primaris Retail REIT 74157U109 4748 218600 SH SOLE 218600 1242 57200 SH OTHER 57200 Ramco-Gershenson 751452202 13057 1068500 SH SOLE 1068500 1780 145700 SH OTHER 145700 Resource Capital Co. 76120W302 7094 1316200 SH SOLE 1316200 865 160500 SH OTHER 160500 SR Housing Prpty 81721M109 1641 74400 SH SOLE 74400 Sun Communities 866674104 12631 291500 SH SOLE 291500 1673 38600 SH OTHER 38600 Washington REIT 939653101 1512 50900 SH SOLE 50900 707 23800 SH OTHER 23800 Weingarten Realty 948741103 1477 55900 SH SOLE 55900 817 30900 SH OTHER 30900 Wyndham Worldwide 98310W108 9711 208800 SH SOLE 208800 1623 34900 SH OTHER 34900