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 CO COM 88579Y101 841 4,770 SH   SOLE   4,770 0 0
8X8 INC COM 282914100 2,307 149,502 SH   SOLE   149,502 0 0
A.O. SMITH CORPORATION COM 831865209 19 191 SH   SOLE   191 0 0
ABBOTT LABORATORIES COM 002824100 159 3,770 SH   SOLE   3,770 0 0
ABBVIE INC COM 00287Y109 260 4,123 SH   SOLE   4,123 0 0
ACADIA REALTY TRUST COM SH BEN INT 004239109 90,752 2,504,198 SH   SOLE   2,504,198 0 0
ACCENTURE PLC SHS CLASS A G1151C101 193 1,580 SH   SOLE   1,580 0 0
ACETO CORPORATION COM 004446100 2,319 122,091 SH   SOLE   122,091 0 0
ACTIVISION BLIZZARD INC COM 00507V109 66 1,497 SH   SOLE   1,497 0 0
ACUITY BRANDS INC COM 00508Y102 33 125 SH   SOLE   125 0 0
ADEPTUS HEALTH INC CL A 006855100 1,289 29,951 SH   SOLE   29,951 0 0
ADOBE SYSTEMS INC COM 00724F101 142 1,305 SH   SOLE   1,305 0 0
ADVANCE AUTO PARTS INC COM 00751Y106 29 192 SH   SOLE   192 0 0
ADVANCED ENERGY INDUSTRIES INC COM 007973100 3,143 66,416 SH   SOLE   66,416 0 0
AERCAP HOLDINGS NV SHS N00985106 17 436 SH   SOLE   436 0 0
AES CORP COM 00130H105 23 1,760 SH   SOLE   1,760 0 0
AETNA INC COM 00817Y108 105 912 SH   SOLE   912 0 0
AFFILIATED MANAGERS GROUP INC COM 008252108 20 138 SH   SOLE   138 0 0
AFLAC INC COM 001055102 75 1,042 SH   SOLE   1,042 0 0
AGCO CORPORATION COM 001084102 11 232 SH   SOLE   232 0 0
AGENUS INC COM NEW 00847G705 449 62,549 SH   SOLE   62,549 0 0
AGILENT TECHNOLOGIES INC COM 00846U101 40 839 SH   SOLE   839 0 0
AGREE REALTY CORPORATION COM 008492100 35 700 SH   SOLE   700 0 0
AIR PRODUCTS & CHEMICALS INC COM 009158106 74 535 SH   SOLE   535 0 0
AKAMAI TECHNOLOGIES COM 00971T101 28 519 SH   SOLE   519 0 0
ALBANY MOLECULAR RESEARCH INC COM 012423109 2,605 157,794 SH   SOLE   157,794 0 0
ALBEMARLE CORPORATION COM 012653101 25 287 SH   SOLE   287 0 0
ALCOA INC COM 013817101 36 3,537 SH   SOLE   3,537 0 0
ALEXANDER'S INC COM 014752109 46 110 SH   SOLE   110 0 0
ALEXANDRIA REAL ESTATE COM 015271109 18,009 165,570 SH   SOLE   165,570 0 0
ALEXION PHARMACEUTICALS INC COM 015351109 72 590 SH   SOLE   590 0 0
ALKERMES PLC SHS G01767105 21 454 SH   SOLE   454 0 0
ALLEGHANY CORPORATION COM 017175100 21 40 SH   SOLE   40 0 0
ALLERGAN PLC SHS G0177J108 3,894 16,906 SH   SOLE   16,906 0 0
ALLIANCE DATA SYSTEMS CORP COM 018581108 34 160 SH   SOLE   160 0 0
ALLIANT ENERGY CORP COM 018802108 23 594 SH   SOLE   594 0 0
ALLSTATE CORP COM 020002101 70 1,013 SH   SOLE   1,013 0 0
ALLY FINANCIAL INC COM 02005N100 23 1,200 SH   SOLE   1,200 0 0
ALMOST FAMILY INC COM 020409108 2,395 65,132 SH   SOLE   65,132 0 0
ALNYLAM PHARMACEUTICALS INC COM 02043Q107 15 221 SH   SOLE   221 0 0
ALPHABET INC-CL A CAP STK CL A 02079K305 739 919 SH   SOLE   919 0 0
ALPHABET INC-CL C CAP STK CL C 02079K107 4,794 6,167 SH   SOLE   6,167 0 0
ALTRIA GROUP INC COM 02209S103 482 7,623 SH   SOLE   7,623 0 0
AMAZON.COM INC COM 023135106 3,922 4,684 SH   SOLE   4,684 0 0
AMERCO COM 023586100 7 22 SH   SOLE   22 0 0
AMEREN CORPORATION COM 023608102 213 4,335 SH   SOLE   4,335 0 0
AMERICAN AIRLINES GROUP INC COM 02376R102 13 364 SH   SOLE   364 0 0
AMERICAN ASSETS TRUST INC COM 024013104 56 1,300 SH   SOLE   1,300 0 0
AMERICAN CAMPUS COMMUNITIES COM 024835100 210,337 4,134,792 SH   SOLE   4,134,792 0 0
AMERICAN CAPITAL AGENCY CORPORATION COM 02503X105 200 10,255 SH   SOLE   10,255 0 0
AMERICAN ELECTRIC POWER COM 025537101 259 4,034 SH   SOLE   4,034 0 0
AMERICAN EXPRESS CO COM 025816109 134 2,097 SH   SOLE   2,097 0 0
AMERICAN FARMLAND CO COM 02589Y100 1 100 SH   SOLE   100 0 0
AMERICAN HOMES 4 RENT-A CL A 02665T306 36,624 1,692,440 SH   SOLE   1,692,440 0 0
AMERICAN INTERNATIONAL GROUP COM NEW 026874784 167 2,816 SH   SOLE   2,816 0 0
AMERICAN TOWER CORPORATION COM 03027X100 396,514 3,498,752 SH   SOLE   3,498,752 0 0
AMERICAN TOWER CORPORATION-A 5.25% PFD CONV SER A 03027X308 17,346 155,600 SH   SOLE   155,600 0 0
AMERICAN TOWER CORPORATION-B 5.5% DEP PFD CONV SE 03027X407 17,633 160,900 SH   SOLE   160,900 0 0
AMERICAN WATER WORKS CO INC COM 030420103 34 456 SH   SOLE   456 0 0
AMERIPRISE FINANCIAL INC COM 03076C106 45 456 SH   SOLE   456 0 0
AMERIS BANCORP COM 03076K108 3,066 87,724 SH   SOLE   87,724 0 0
AMERISAFE INC COM 03071H100 2,744 46,677 SH   SOLE   46,677 0 0
AMERISOURCEBERGEN CORP COM 03073E105 208 2,571 SH   SOLE   2,571 0 0
AMETEK INC COM 031100100 32 679 SH   SOLE   679 0 0
AMGEN INC COM 031162100 548 3,285 SH   SOLE   3,285 0 0
AMPHASTAR PHARMACEUTICALS INC COM 03209R103 3,750 197,658 SH   SOLE   197,658 0 0
AMPHENOL CORPORATION-CL A CL A 032095101 2,921 44,992 SH   SOLE   44,992 0 0
ANADARKO PETROLEUM CORP COM 032511107 84 1,329 SH   SOLE   1,329 0 0
ANALOG DEVICES INC COM 032654105 51 793 SH   SOLE   793 0 0
ANIKA THERAPEUTICS INC COM 035255108 2,145 44,828 SH   SOLE   44,828 0 0
ANNALY CAPITAL MANAGEMENT INC COM 035710409 206 19,587 SH   SOLE   19,587 0 0
ANSYS INC COM 03662Q105 22 233 SH   SOLE   233 0 0
ANTERO RESOURCES CORPORATION COM 03674X106 6 240 SH   SOLE   240 0 0
ANTHEM INC COM 036752103 86 683 SH   SOLE   683 0 0
AON PLC SHS CL A G0408V102 75 667 SH   SOLE   667 0 0
APACHE CORP COM 037411105 62 968 SH   SOLE   968 0 0
APARTMENT INVT & MGMT CO-A CL A 03748R101 72,840 1,586,577 SH   SOLE   1,586,577 0 0
APPLE HOSPITALITY REIT INC COM NEW 03784Y200 172,291 9,308,009 SH   SOLE   9,308,009 0 0
APPLE INC COM 037833100 7,098 62,788 SH   SOLE   62,788 0 0
APPLIED MATERIALS INC COM 038222105 87 2,894 SH   SOLE   2,894 0 0
ARAMARK COM 03852U106 205 5,383 SH   SOLE   5,383 0 0
ARCH CAPITAL GROUP LTD ORD G0450A105 27 342 SH   SOLE   342 0 0
ARCHER-DANIELS-MIDLAND CO COM 039483102 66 1,561 SH   SOLE   1,561 0 0
ARMADA HOFFLER PROPERTIES INC COM 04208T108 16 1,200 SH   SOLE   1,200 0 0
ARRAY BIOPHARMA INC COM 04269X105 916 135,695 SH   SOLE   135,695 0 0
ARROW ELECTRONICS INC COM 042735100 19 301 SH   SOLE   301 0 0
ARTHUR J GALLAGHER & CO COM 363576109 24 477 SH   SOLE   477 0 0
ASHFORD HOSPITALITY PRIME INC COM 044102101 13 900 SH   SOLE   900 0 0
ASHFORD HOSPITALITY TRUST COM SHS 044103109 33 5,600 SH   SOLE   5,600 0 0
ASHLAND GLOBAL HOLDINGS INC COM 044186104 19 162 SH   SOLE   162 0 0
ASSURANT INC COM 04621X108 15 166 SH   SOLE   166 0 0
AT&T INC COM 00206R102 930 22,892 SH   SOLE   22,892 0 0
ATMOS ENERGY CORPORATION COM 049560105 20 267 SH   SOLE   267 0 0
AUTODESK INC COM 052769106 38 523 SH   SOLE   523 0 0
AUTOLIV INC COM 052800109 26 246 SH   SOLE   246 0 0
AUTOMATIC DATA PROCESSING COM 053015103 335 3,796 SH   SOLE   3,796 0 0
AUTONATION INC COM 05329W102 12 255 SH   SOLE   255 0 0
AUTOZONE INC COM 053332102 61 80 SH   SOLE   80 0 0
AVALONBAY COMMUNITIES INC COM 053484101 388,488 2,184,482 SH   SOLE   2,184,482 0 0
AVERY DENNISON CORPORATION COM 053611109 22 283 SH   SOLE   283 0 0
AVNET INC COM 053807103 17 404 SH   SOLE   404 0 0
AXALTA COATING SYSTEMS LTD COM G0750C108 15 542 SH   SOLE   542 0 0
AXIS CAPITAL HOLDINGS LIMITED SHS G0692U109 14 252 SH   SOLE   252 0 0
B&G FOODS INC COM 05508R106 3,004 61,077 SH   SOLE   61,077 0 0
B/E AEROSPACE INC COM 073302101 13 261 SH   SOLE   261 0 0
BAKER HUGHES INC COM 057224107 58 1,141 SH   SOLE   1,141 0 0
BALL CORPORATION COM 058498106 31 381 SH   SOLE   381 0 0
BANC OF CALIFORNIA INC COM 05990K106 2,936 168,168 SH   SOLE   168,168 0 0
BANK OF AMERICA CORPORATION COM 060505104 692 44,249 SH   SOLE   44,249 0 0
BANK OF NEW YORK MELLON CORP/THE COM 064058100 108 2,710 SH   SOLE   2,710 0 0
BANNER CORPORATION COM NEW 06652V208 2,015 46,064 SH   SOLE   46,064 0 0
BARD (C.R.) INC COM 067383109 219 975 SH   SOLE   975 0 0
BAXTER INTERNATIONAL INC. COM 071813109 60 1,262 SH   SOLE   1,262 0 0
BB&T CORPORATION COM 054937107 80 2,115 SH   SOLE   2,115 0 0
BECTON DICKINSON & CO COM 075887109 99 551 SH   SOLE   551 0 0
BED BATH & BEYOND INC COM 075896100 148 3,431 SH   SOLE   3,431 0 0
BERKSHIRE HATHAWAY INC-CL B CL B NEW 084670702 434 3,002 SH   SOLE   3,002 0 0
BEST BUY CO INC COM 086516101 31 811 SH   SOLE   811 0 0
BIOGEN INC COM 09062X103 175 560 SH   SOLE   560 0 0
BIOMARIN PHARMACEUTICAL INC COM 09061G101 42 450 SH   SOLE   450 0 0
BLACKROCK INC COM 09247X101 112 308 SH   SOLE   308 0 0
BLUEROCK RESIDENTIAL GROWTH REIT INC COM CL A 09627J102 9 700 SH   SOLE   700 0 0
BNC BANCORP COM 05566T101 854 35,114 SH   SOLE   35,114 0 0
BOEING CO COM 097023105 201 1,523 SH   SOLE   1,523 0 0
BORGWARNER INC COM 099724106 370 10,515 SH   SOLE   10,515 0 0
BOSTON PROPERTIES INC COM 101121101 355,564 2,608,878 SH   SOLE   2,608,878 0 0
BOSTON SCIENTIFIC CORP COM 101137107 82 3,450 SH   SOLE   3,450 0 0
BOTTOMLINE TECHNOLOGIES (DE) COM 101388106 2,861 122,717 SH   SOLE   122,717 0 0
BRANDYWINE REALTY SH BEN INT NEW 105368203 128,978 8,257,237 SH   SOLE   8,257,237 0 0
BRISTOL-MYERS SQUIBB CO COM 110122108 230 4,272 SH   SOLE   4,272 0 0
BRIXMOR PROPERTY GROUP INC COM 11120U105 194,357 6,993,792 SH   SOLE   6,993,792 0 0
BROADCOM LTD SHS Y09827109 170 983 SH   SOLE   983 0 0
BROADRIDGE FINANCIAL SOLUTIONS COM 11133T103 21 304 SH   SOLE   304 0 0
BROWN-FORMAN CORPORATION-CLASS B CL B 115637209 201 4,238 SH   SOLE   4,238 0 0
BUNGE LIMITED COM G16962105 25 429 SH   SOLE   429 0 0
C H ROBINSON WORLDWIDE INC COM NEW 12541W209 29 410 SH   SOLE   410 0 0
CA INC COM 12673P105 28 861 SH   SOLE   861 0 0
CABOT OIL & GAS CORPORATION COM 127097103 30 1,174 SH   SOLE   1,174 0 0
CADENCE DESIGN SYSTEMS INC COM 127387108 368 14,404 SH   SOLE   14,404 0 0
CALPINE CORPORATION COM NEW 131347304 11 867 SH   SOLE   867 0 0
CAMDEN PROPERTY TRUST SH BEN INT 133131102 168,295 2,009,734 SH   SOLE   2,009,734 0 0
CAMPBELL SOUP COMPANY COM 134429109 185 3,376 SH   SOLE   3,376 0 0
CAPITAL ONE FINANCIAL CORP COM 14040H105 93 1,289 SH   SOLE   1,289 0 0
CAPITOL FEDERAL FINANCIAL INC COM 14057J101 2,921 207,621 SH   SOLE   207,621 0 0
CARDINAL HEALTH INC COM 14149Y108 67 861 SH   SOLE   861 0 0
CARE CAPITAL PROPERTIES COM 141624106 62,993 2,210,287 SH   SOLE   2,210,287 0 0
CARETRUST REIT INC COM 14174T107 30 2,000 SH   SOLE   2,000 0 0
CARMAX INC COM 143130102 27 501 SH   SOLE   501 0 0
CARNIVAL CORP(US) UNIT 99/99/9999 143658300 45 919 SH   SOLE   919 0 0
CATCHMARK TIMBER TRUST INC CL A 14912Y202 4 300 SH   SOLE   300 0 0
CATERPILLAR INC COM 149123101 135 1,523 SH   SOLE   1,523 0 0
CBL & ASSOCIATES PROPERTIES COM 124830100 205 16,900 SH   SOLE   16,900 0 0
CBRE GROUP INC CL A 12504L109 24 872 SH   SOLE   872 0 0
CBS CORP-CLASS B CL B 124857202 62 1,135 SH   SOLE   1,135 0 0
CDK GLOBAL INC COM 12508E101 23 398 SH   SOLE   398 0 0
CDW CORPORATION COM 12514G108 18 403 SH   SOLE   403 0 0
CEDAR REALTY TRUST INC COM NEW 150602209 27 3,700 SH   SOLE   3,700 0 0
CELANESE CORP-SERIES A COM SER A 150870103 26 384 SH   SOLE   384 0 0
CELGENE CORP COM 151020104 204 1,949 SH   SOLE   1,949 0 0
CENTENE CORPORATION COM 15135B101 29 435 SH   SOLE   435 0 0
CENTERPOINT ENERGY INC COM 15189T107 192 8,248 SH   SOLE   8,248 0 0
CENTERSTATE BANKS INC COM 15201P109 1,510 85,159 SH   SOLE   85,159 0 0
CENTRAL PACIFIC FINANCIAL CORP COM NEW 154760409 2,543 100,967 SH   SOLE   100,967 0 0
CENTURYLINK INC COM 156700106 39 1,436 SH   SOLE   1,436 0 0
CERNER CORPORATION COM 156782104 48 783 SH   SOLE   783 0 0
CF INDUSTRIES HOLDINGS INC COM 125269100 17 705 SH   SOLE   705 0 0
CHARTER COMMUNICATIONS INC-CL A CL A 16119P108 149 551 SH   SOLE   551 0 0
CHATHAM LODGING TRUST COM 16208T102 793 41,174 SH   SOLE   41,174 0 0
CHECK POINT SOFTWARE TECHNOLOGIES ORD M22465104 26 336 SH   SOLE   336 0 0
CHENIERE ENERGY INC COM NEW 16411R208 22 513 SH   SOLE   513 0 0
CHESAPEAKE LODGING TRUST SH BEN INT 165240102 82 3,600 SH   SOLE   3,600 0 0
CHEVRON CORP COM 166764100 488 4,743 SH   SOLE   4,743 0 0
CHIPOTLE MEXICAN GRILL INC COM 169656105 3,343 7,894 SH   SOLE   7,894 0 0
CHUBB LIMITED COM H1467J104 152 1,206 SH   SOLE   1,206 0 0
CHURCH & DWIGHT CO INC COM 171340102 214 4,472 SH   SOLE   4,472 0 0
CIGNA CORP COM 125509109 88 674 SH   SOLE   674 0 0
CIMAREX ENERGY CO COM 171798101 35 264 SH   SOLE   264 0 0
CINCINNATI FINANCIAL CORP COM 172062101 31 407 SH   SOLE   407 0 0
CINTAS CORPORATION COM 172908105 24 215 SH   SOLE   215 0 0
CISCO SYSTEMS INC COM 17275R102 401 12,657 SH   SOLE   12,657 0 0
CIT GROUP INC COM NEW 125581801 21 569 SH   SOLE   569 0 0
CITIGROUP INC COM NEW 172967424 349 7,386 SH   SOLE   7,386 0 0
CITIZENS FINANCIAL GROUP INC COM 174610105 36 1,474 SH   SOLE   1,474 0 0
CITRIX SYSTEMS INC COM 177376100 366 4,289 SH   SOLE   4,289 0 0
CITY OFFICE REIT INC COM 178587101 6 500 SH   SOLE   500 0 0
CLAYTON WILLIAMS ENERGY INC COM 969490101 3,022 35,364 SH   SOLE   35,364 0 0
CLOROX COMPANY COM 189054109 230 1,839 SH   SOLE   1,839 0 0
CME GROUP INC COM 12572Q105 88 841 SH   SOLE   841 0 0
CMS ENERGY CORPORATION COM 125896100 31 727 SH   SOLE   727 0 0
COACH INC COM 189754104 27 726 SH   SOLE   726 0 0
COCA-COLA CO/THE COM 191216100 438 10,342 SH   SOLE   10,342 0 0
COCA-COLA EUROPEAN PARTNERS SHS G25839104 25 622 SH   SOLE   622 0 0
COGNIZANT TECHNOLOGY SOLUTIONS CORP-A CL A 192446102 2,451 51,373 SH   SOLE   51,373 0 0
COLGATE-PALMOLIVE CO COM 194162103 158 2,135 SH   SOLE   2,135 0 0
COLONY STARWOOD HOMES COM 19625X102 46 1,600 SH   SOLE   1,600 0 0
COLUMBIA BANKING SYSTEM INC COM 197236102 2,850 87,094 SH   SOLE   87,094 0 0
COLUMBIA PROPERTY TRUST INC COM NEW 198287203 121,304 5,417,784 SH   SOLE   5,417,784 0 0
COMCAST CORP-CL A CL A 20030N101 709 10,684 SH   SOLE   10,684 0 0
COMERICA INC COM 200340107 25 526 SH   SOLE   526 0 0
COMFORT SYSTEMS USA INC COM 199908104 2,656 90,622 SH   SOLE   90,622 0 0
COMMUNICATIONS SALES & LEASING INC COM 20341J104 41 1,300 SH   SOLE   1,300 0 0
COMMUNITY HEALTHCARE TRUST I COM 20369C106 9 400 SH   SOLE   400 0 0
COMSCORE INC COM 20564W105 1,347 43,927 SH   SOLE   43,927 0 0
CONAGRA FOODS INC COM 205887102 124 2,625 SH   SOLE   2,625 0 0
CONCERT PHARMACEUTICALS INC COM 206022105 366 36,163 SH   SOLE   36,163 0 0
CONCHO RESOURCES INC COM 20605P101 48 351 SH   SOLE   351 0 0
CONOCOPHILLIPS COM 20825C104 140 3,230 SH   SOLE   3,230 0 0
CONSOLIDATED EDISON INC COM 209115104 234 3,111 SH   SOLE   3,111 0 0
CONSTELLATION BRANDS INC-A CL A 21036P108 75 450 SH   SOLE   450 0 0
CONSUMER DISCRETIONARY SELECT SPDR ETF SBI CONS DISCR 81369Y407 12,702 158,700 SH   SOLE   158,700 0 0
CONTINENTAL RESOURCES INC COM 212015101 15 289 SH   SOLE   289 0 0
CORE LABORATORIES NV COM N22717107 15 136 SH   SOLE   136 0 0
CORENERGY INFRASTRUCTURE TRUST INC COM NEW 21870U502 21 700 SH   SOLE   700 0 0
CORESITE REALTY CORPORATION COM 21870Q105 89 1,200 SH   SOLE   1,200 0 0
CORNING INC COM 219350105 67 2,848 SH   SOLE   2,848 0 0
CORPORATE OFFICE PROPERTIES SH BEN INT 22002T108 91 3,200 SH   SOLE   3,200 0 0
CORRECTIONS CORPORATION OF AMERICA COM NEW 22025Y407 55 4,000 SH   SOLE   4,000 0 0
COSTCO WHOLESALE CORP COM 22160K105 168 1,103 SH   SOLE   1,103 0 0
COUSINS PROPERTIES INC COM 222795106 69,230 6,631,249 SH   SOLE   6,631,249 0 0
COVENANT TRANSPORTATION GROUP INC CL A 22284P105 2,315 119,741 SH   SOLE   119,741 0 0
COWEN GROUP INC CL A 223622101 2,466 679,227 SH   SOLE   679,227 0 0
CREE INC COM 225447101 365 14,189 SH   SOLE   14,189 0 0
CROWN CASTLE INTERNATIONAL CORP-A 4.5% CNV PFD STK SR A 22822V200 5,674 50,200 SH   SOLE   50,200 0 0
CROWN CASTLE INTERNATIONAL CORPORATION COM 22822V101 657,854 6,982,849 SH   SOLE   6,982,849 0 0
CROWN HOLDINGS INC COM 228368106 23 408 SH   SOLE   408 0 0
CSX CORP COM 126408103 78 2,551 SH   SOLE   2,551 0 0
CTRIP.COM INTERNATIONAL-ADR AMERICAN DEP SHS 22943F100 1,496 32,113 SH   SOLE   32,113 0 0
CUBESMART COM 229663109 105,626 3,874,778 SH   SOLE   3,874,778 0 0
CUMMINS INC COM 231021106 57 441 SH   SOLE   441 0 0
CVB FINANCIAL CORP COM 126600105 2,897 164,524 SH   SOLE   164,524 0 0
CVS HEALTH CORPORATION COM 126650100 241 2,703 SH   SOLE   2,703 0 0
CYNOSURE INC CL A 232577205 3,729 73,206 SH   SOLE   73,206 0 0
CYRUSONE INC COM 23283R100 108,909 2,289,441 SH   SOLE   2,289,441 0 0
DANAHER CORP COM 235851102 127 1,614 SH   SOLE   1,614 0 0
DARDEN RESTAURANTS INC COM 237194105 20 329 SH   SOLE   329 0 0
DAVITA INC COM 23918K108 198 3,002 SH   SOLE   3,002 0 0
DCT INDUSTRIAL TRUST INC COM NEW 233153204 87,634 1,805,026 SH   SOLE   1,805,026 0 0
DDR CORPORATION COM 23317H102 218,916 12,559,714 SH   SOLE   12,559,714 0 0
DEERE & CO COM 244199105 59 686 SH   SOLE   686 0 0
DELPHI AUTOMOTIVE PLC SHS G27823106 51 710 SH   SOLE   710 0 0
DELTA AIR LINES INC COM NEW 247361702 23 573 SH   SOLE   573 0 0
DENTSPLY SIRONA INC COM 24906P109 38 632 SH   SOLE   632 0 0
DEVON ENERGY CORPORATION COM 25179M103 49 1,116 SH   SOLE   1,116 0 0
DHI GROUP INC COM 23331S100 1,802 228,363 SH   SOLE   228,363 0 0
DHT HOLDINGS INC SHS NEW Y2065G121 587 140,032 SH   SOLE   140,032 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301 86,180 9,470,304 SH   SOLE   9,470,304 0 0
DICK'S SPORTING GOODS INC COM 253393102 16 278 SH   SOLE   278 0 0
DIGITAL REALTY TRUST INC COM 253868103 215,963 2,223,674 SH   SOLE   2,223,674 0 0
DISCOVER FINANCIAL SERVICES COM 254709108 63 1,118 SH   SOLE   1,118 0 0
DISCOVERY COMMUNICATIONS -C COM SER C 25470F302 16 615 SH   SOLE   615 0 0
DISCOVERY COMMUNICATIONS INC -A COM SER A 25470F104 12 450 SH   SOLE   450 0 0
DISH NETWORK CORPORATION-A CL A 25470M109 32 588 SH   SOLE   588 0 0
DOLLAR GENERAL CORPORATION COM 256677105 52 745 SH   SOLE   745 0 0
DOLLAR TREE INC COM 256746108 49 626 SH   SOLE   626 0 0
DOMINION RESOURCES INC/VA COM 25746U109 116 1,558 SH   SOLE   1,558 0 0
DOMINO'S PIZZA INC COM 25754A201 20 129 SH   SOLE   129 0 0
DOUGLAS EMMETT INC COM 25960P109 13,395 365,695 SH   SOLE   365,695 0 0
DOVER CORP COM 260003108 274 3,717 SH   SOLE   3,717 0 0
DOW CHEMICAL COM 260543103 146 2,826 SH   SOLE   2,826 0 0
DR HORTON INC COM 23331A109 28 927 SH   SOLE   927 0 0
DR PEPPER SNAPPLE GROUP INC(US) COM 26138E109 44 479 SH   SOLE   479 0 0
DTE ENERGY COMPANY COM 233331107 44 470 SH   SOLE   470 0 0
DTS INC COM 23335C101 2,577 60,569 SH   SOLE   60,569 0 0
DU PONT (E.I.) DE NEMOURS COM 263534109 474 7,080 SH   SOLE   7,080 0 0
DUKE ENERGY CORPORATION COM NEW 26441C204 435 5,434 SH   SOLE   5,434 0 0
DUKE REALTY CORP COM NEW 264411505 104,933 3,839,471 SH   SOLE   3,839,471 0 0
DUN & BRADSTREET CORP COM 26483E100 15 112 SH   SOLE   112 0 0
DUPONT FABROS TECHNOLOGY INC COM 26613Q106 243 5,900 SH   SOLE   5,900 0 0
E*TRADE FINANCIAL CORP COM NEW 269246401 25 846 SH   SOLE   846 0 0
EAGLE BANCORP INC COM 268948106 6,685 135,519 SH   SOLE   135,519 0 0
EAGLE PHARMACEUTICALS INC COM 269796108 669 9,550 SH   SOLE   9,550 0 0
EASTERLY GOVERNMENT PROPERTIES INC COM 27616P103 19 1,000 SH   SOLE   1,000 0 0
EASTGROUP PROPERTIES COM 277276101 92,204 1,253,458 SH   SOLE   1,253,458 0 0
EASTMAN CHEMICAL COMPANY COM 277432100 29 434 SH   SOLE   434 0 0
EATON CORPORATION PLC SHS G29183103 410 6,246 SH   SOLE   6,246 0 0
EATON VANCE CORPORATION COM NON VTG 278265103 11 294 SH   SOLE   294 0 0
EBAY INC COM 278642103 2,841 86,354 SH   SOLE   86,354 0 0
ECOLAB INC COM 278865100 85 695 SH   SOLE   695 0 0
EDGEWELL PERSONAL CARE CO COM 28035Q102 15 193 SH   SOLE   193 0 0
EDISON INTERNATIONAL COM 281020107 8,808 121,912 SH   SOLE   121,912 0 0
EDUCATION REALTY TRUST INC COM NEW 28140H203 108 2,500 SH   SOLE   2,500 0 0
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ELI LILLY & CO COM 532457108 204 2,547 SH   SOLE   2,547 0 0
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ENDO INTERNATIONAL PLC SHS G30401106 11 549 SH   SOLE   549 0 0
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ENTERGY CORP COM 29364G103 212 2,764 SH   SOLE   2,764 0 0
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EQUITY ONE INC COM 294752100 63,491 2,074,184 SH   SOLE   2,074,184 0 0
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ESSEX PROPERTY TRUST INC COM 297178105 255,779 1,148,535 SH   SOLE   1,148,535 0 0
ESTEE LAUDER COMPANIES INC-CL A CL A 518439104 52 582 SH   SOLE   582 0 0
ETHAN ALLEN INTERIORS INC COM 297602104 2,625 83,940 SH   SOLE   83,940 0 0
EVEREST RE GROUP LTD COM G3223R108 21 113 SH   SOLE   113 0 0
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EXELON CORP COM 30161N101 78 2,354 SH   SOLE   2,354 0 0
EXPEDIA INC COM NEW 30212P303 37 318 SH   SOLE   318 0 0
EXPEDITORS INTERNATIONAL OF WASHINGTON COM 302130109 207 4,018 SH   SOLE   4,018 0 0
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F5 NETWORKS INC COM 315616102 218 1,746 SH   SOLE   1,746 0 0
FACEBOOK INC-A CL A 30303M102 3,937 30,694 SH   SOLE   30,694 0 0
FARMLAND PARTNERS INC COM 31154R109 3 300 SH   SOLE   300 0 0
FARO TECHNOLOGIES INC COM 311642102 1,768 49,169 SH   SOLE   49,169 0 0
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FCB FINANCIAL HOLDINGS CL A 30255G103 3,045 79,229 SH   SOLE   79,229 0 0
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FEDEX CORP COM 31428X106 117 670 SH   SOLE   670 0 0
FELCOR LODGING TRUST COM 31430F101 59 9,100 SH   SOLE   9,100 0 0
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FIRSTENERGY CORP COM 337932107 37 1,107 SH   SOLE   1,107 0 0
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FLEETCOR TECHNOLOGIES INC COM 339041105 41 237 SH   SOLE   237 0 0
FLEX LTD ORD Y2573F102 22 1,583 SH   SOLE   1,583 0 0
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FLOWSERVE CORPORATION COM 34354P105 20 424 SH   SOLE   424 0 0
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FMC CORPORATION COM NEW 302491303 20 414 SH   SOLE   414 0 0
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FOOT LOCKER INC COM 344849104 23 342 SH   SOLE   342 0 0
FORD MOTOR CO COM PAR $0.01 345370860 117 9,688 SH   SOLE   9,688 0 0
FOREST CITY REALTY TRUST- A COM CL A 345605109 173 7,500 SH   SOLE   7,500 0 0
FORMFACTOR INC COM 346375108 2,839 261,647 SH   SOLE   261,647 0 0
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FRANKLIN STREET PROPERTIES COM 35471R106 59 4,700 SH   SOLE   4,700 0 0
FREEPORT-MCMORAN INC CL B 35671D857 35 3,229 SH   SOLE   3,229 0 0
FRONTIER COMMUNICATIONS CORPORATION COM 35906A108 14 3,419 SH   SOLE   3,419 0 0
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GARMIN LIMITED SHS H2906T109 18 374 SH   SOLE   374 0 0
GARTNER INC COM 366651107 19 211 SH   SOLE   211 0 0
GENERAL DYNAMICS CORP COM 369550108 101 654 SH   SOLE   654 0 0
GENERAL ELECTRIC CO(US) COM 369604103 1,008 34,037 SH   SOLE   34,037 0 0
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GENUINE PARTS CO COM 372460105 38 377 SH   SOLE   377 0 0
GETTY REALTY CORP COM 374297109 34 1,401 SH   SOLE   1,401 0 0
GILEAD SCIENCES INC COM 375558103 265 3,351 SH   SOLE   3,351 0 0
GLADSTONE COMMERCIAL CORPORATION COM 376536108 13 700 SH   SOLE   700 0 0
GLOBAL MEDICAL REIT INC COM NEW 37954A204 1 100 SH   SOLE   100 0 0
GLOBAL NET LEASE INC COM 379378102 35 4,300 SH   SOLE   4,300 0 0
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GLU MOBILE INC COM 379890106 670 299,317 SH   SOLE   299,317 0 0
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GOLDMAN SACHS GROUP INC COM 38141G104 152 941 SH   SOLE   941 0 0
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GRAMERCY PROPERTY TRUST COM 385002100 138 14,300 SH   SOLE   14,300 0 0
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GRUPO AEROPORTUARIO DEL SURESTE SA-ADR SPON ADR SER B 40051E202 2,678 18,289 SH   SOLE   18,289 0 0
H&R BLOCK INC COM 093671105 15 659 SH   SOLE   659 0 0
HALLIBURTON CO COM 406216101 100 2,239 SH   SOLE   2,239 0 0
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HANMI FINANCIAL CORPORATION COM NEW 410495204 2,299 87,298 SH   SOLE   87,298 0 0
HARLEY-DAVIDSON INC COM 412822108 25 471 SH   SOLE   471 0 0
HARMAN INTERNATIONAL COM 413086109 17 200 SH   SOLE   200 0 0
HARRIS CORPORATION COM 413875105 195 2,125 SH   SOLE   2,125 0 0
HARTFORD FINANCIAL SERVICES GROUP INC COM 416515104 46 1,072 SH   SOLE   1,072 0 0
HASBRO INC COM 418056107 25 315 SH   SOLE   315 0 0
HCA HOLDINGS INC COM 40412C101 60 787 SH   SOLE   787 0 0
HCP INC COM 40414L109 544,400 14,345,204 SH   SOLE   14,345,204 0 0
HDFC BANK LTD-ADR ADR REPS 3 SHS 40415F101 36 500 SH   SOLE   500 0 0
HEALTHCARE REALTY TRUST INC COM 421946104 153,587 4,509,317 SH   SOLE   4,509,317 0 0
HEALTHCARE TRUST OF AMERICA INC CL A NEW 42225P501 157 4,800 SH   SOLE   4,800 0 0
HELMERICH & PAYNE INC COM 423452101 23 336 SH   SOLE   336 0 0
HENRY SCHEIN INC COM 806407102 214 1,313 SH   SOLE   1,313 0 0
HERMAN MILLER INC COM 600544100 280 9,806 SH   SOLE   9,806 0 0
HERSHA HOSPITALITY TRUST PR SHS BEN INT 427825500 30,588 1,697,466 SH   SOLE   1,697,466 0 0
HERSHEY CO/THE COM 427866108 35 365 SH   SOLE   365 0 0
HESS CORPORATION COM 42809H107 40 749 SH   SOLE   749 0 0
HEWLETT PACKARD ENTERPRISE COMPANY COM 42824C109 101 4,452 SH   SOLE   4,452 0 0
HEWLETT-PACKARD COMPANY COM 40434L105 69 4,419 SH   SOLE   4,419 0 0
HIGHWOODS PROPERTIES INC COM 431284108 123,912 2,377,441 SH   SOLE   2,377,441 0 0
HILTON WORLDWIDE HOLDINGS INC COM 43300A104 33 1,450 SH   SOLE   1,450 0 0
HOLLYFRONTIER CORPORATION COM 436106108 14 578 SH   SOLE   578 0 0
HOLOGIC INC COM 436440101 26 671 SH   SOLE   671 0 0
HOME DEPOT INC COM 437076102 403 3,130 SH   SOLE   3,130 0 0
HOMESTREET INC COM 43785V102 2,204 87,940 SH   SOLE   87,940 0 0
HONEYWELL INTERNATIONAL INC COM 438516106 211 1,822 SH   SOLE   1,822 0 0
HOPE BANCORP INC COM 43940T109 2,376 136,811 SH   SOLE   136,811 0 0
HORMEL FOODS CORPORATION COM 440452100 31 816 SH   SOLE   816 0 0
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HOST HOTELS & RESORTS COM 44107P104 215,709 13,854,156 SH   SOLE   13,854,156 0 0
HUDSON PACIFIC PROPERTIES INC COM 444097109 122,926 3,739,772 SH   SOLE   3,739,772 0 0
HUMANA INC COM 444859102 69 388 SH   SOLE   388 0 0
HUNTINGTON BANCSHARES INC COM 446150104 22 2,272 SH   SOLE   2,272 0 0
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IHS MARKIT LIMITED SHS G47567105 34 903 SH   SOLE   903 0 0
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ILLUMINA INC COM 452327109 67 370 SH   SOLE   370 0 0
IMS HEALTH HOLDINGS INC COM 44970B109 205 6,539 SH   SOLE   6,539 0 0
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INGERSOLL-RAND PLC SHS G47791101 390 5,733 SH   SOLE   5,733 0 0
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INTEL CORP COM 458140100 814 21,550 SH   SOLE   21,550 0 0
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INTERNATIONAL FLAVORS & FRAGRANCES INC COM 459506101 29 205 SH   SOLE   205 0 0
INTERNATIONAL PAPER CO COM 460146103 49 1,030 SH   SOLE   1,030 0 0
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INTUIT INC COM 461202103 2,801 25,461 SH   SOLE   25,461 0 0
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INVESCO LIMITED SHS G491BT108 33 1,066 SH   SOLE   1,066 0 0
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IRON MOUNTAIN INC COM 46284V101 514 13,696 SH   SOLE   13,696 0 0
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ISTAR INC COM 45031U101 20 1,900 SH   SOLE   1,900 0 0
ITRON INC COM 465741106 394 7,066 SH   SOLE   7,066 0 0
IXYS CORPORATION COM 46600W106 1,466 121,651 SH   SOLE   121,651 0 0
J.B. HUNT TRANSPORT SERVICES INC COM 445658107 19 231 SH   SOLE   231 0 0
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JAZZ PHARMACEUTICALS PLC SHS USD G50871105 22 177 SH   SOLE   177 0 0
JD.COM INC-ADR SPON ADR CL A 47215P106 157 6,000 SH   SOLE   6,000 0 0
JOHNSON & JOHNSON COM 478160104 1,230 10,412 SH   SOLE   10,412 0 0
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JONES LANG LASALLE INCORPORATED COM 48020Q107 15 130 SH   SOLE   130 0 0
JPMORGAN CHASE & CO COM 46625H100 906 13,602 SH   SOLE   13,602 0 0
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KANSAS CITY SOUTHERN COM NEW 485170302 27 286 SH   SOLE   286 0 0
KATE SPADE & COMPANY COM 485865109 1,282 74,830 SH   SOLE   74,830 0 0
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KEYCORP COM 493267108 33 2,725 SH   SOLE   2,725 0 0
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KNOWLES CORPORATION COM 49926D109 1,690 120,250 SH   SOLE   120,250 0 0
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L BRANDS INC COM 501797104 46 646 SH   SOLE   646 0 0
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LABORATORY CORP OF AMERICA HOLDINGS COM NEW 50540R409 210 1,530 SH   SOLE   1,530 0 0
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LEVEL 3 COMMUNICATIONS INC COM NEW 52729N308 36 776 SH   SOLE   776 0 0
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LIFE STORAGE INC COM 53223X107 46,624 524,220 SH   SOLE   524,220 0 0
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LINEAR TECHNOLOGY CORP COM 535678106 37 626 SH   SOLE   626 0 0
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LOCKHEED MARTIN CORP COM 539830109 159 664 SH   SOLE   664 0 0
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LOWE'S COS INC COM 548661107 3,493 48,366 SH   SOLE   48,366 0 0
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M & T BANK CORP COM 55261F104 42 360 SH   SOLE   360 0 0
M/I HOMES INC COM 55305B101 2,853 121,026 SH   SOLE   121,026 0 0
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MACY'S INC COM 55616P104 30 822 SH   SOLE   822 0 0
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MANPOWER GROUP COM 56418H100 17 229 SH   SOLE   229 0 0
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MARKEL CORPORATION COM 570535104 36 39 SH   SOLE   39 0 0
MARRIOTT INTERNATIONAL-CL A CL A 571903202 59 883 SH   SOLE   883 0 0
MARSH & MCLENNAN COS COM 571748102 92 1,365 SH   SOLE   1,365 0 0
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MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 17 1,274 SH   SOLE   1,274 0 0
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MASTERCARD INC.-CLASS A CL A 57636Q104 3,964 38,951 SH   SOLE   38,951 0 0
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MAXIM INTEGRATED PRODUCTS INC COM 57772K101 29 715 SH   SOLE   715 0 0
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MEDNAX INC COM 58502B106 17 262 SH   SOLE   262 0 0
MEDTRONIC PLC SHS G5960L103 305 3,526 SH   SOLE   3,526 0 0
MELCO CROWN ENTERTAINMENT LTD-ADR ADR 585464100 4 266 SH   SOLE   266 0 0
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MERCK & CO. INC. COM 58933Y105 435 6,966 SH   SOLE   6,966 0 0
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METLIFE INC COM 59156R108 104 2,350 SH   SOLE   2,350 0 0
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MICROCHIP TECHNOLOGY INC COM 595017104 37 600 SH   SOLE   600 0 0
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MICROSOFT CORP COM 594918104 4,629 80,371 SH   SOLE   80,371 0 0
MID-AMERICA APARTMENT COM 59522J103 250,443 2,664,566 SH   SOLE   2,664,566 0 0
MOBILEYE NV ORD SHS N51488117 1,396 32,796 SH   SOLE   32,796 0 0
MOHAWK INDUSTRIES INC COM 608190104 33 164 SH   SOLE   164 0 0
MOLSON COORS BREWING CO-B CL B 60871R209 53 486 SH   SOLE   486 0 0
MONDELEZ INTERNATIONAL INC CL A 609207105 176 4,015 SH   SOLE   4,015 0 0
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MONSANTO CO COM 61166W101 112 1,099 SH   SOLE   1,099 0 0
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MOODY'S CORP COM 615369105 50 466 SH   SOLE   466 0 0
MORGAN STANLEY COM NEW 617446448 122 3,799 SH   SOLE   3,799 0 0
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MSCI INC COM 55354G100 21 255 SH   SOLE   255 0 0
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MYLAN NV SHS EURO N59465109 44 1,167 SH   SOLE   1,167 0 0
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NASDAQ INC COM 631103108 23 347 SH   SOLE   347 0 0
NATIONAL HEALTH INVESTORS INC COM 63633D104 91,602 1,167,202 SH   SOLE   1,167,202 0 0
NATIONAL OILWELL VARCO INC COM 637071101 39 1,072 SH   SOLE   1,072 0 0
NATIONAL RETAIL PROPERTIES INC COM 637417106 279,650 5,499,506 SH   SOLE   5,499,506 0 0
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NAUTILUS INC COM 63910B102 2,690 118,385 SH   SOLE   118,385 0 0
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WEINGARTEN REALTY INVESTORS SH BEN INT 948741103 210,034 5,388,252 SH   SOLE   5,388,252 0 0
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WELLTOWER INC COM 95040Q104 233,693 3,125,486 SH   SOLE   3,125,486 0 0
WELLTOWER INC-I 6.5% 6.50% PFD PREPET 95040Q203 16,984 255,200 SH   SOLE   255,200 0 0
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WESTAR ENERGY INC COM 95709T100 208 3,662 SH   SOLE   3,662 0 0
WESTERN DIGITAL CORPORATION COM 958102105 42 718 SH   SOLE   718 0 0
WESTERN UNION COMPANY COM 959802109 26 1,236 SH   SOLE   1,236 0 0
WESTROCK COMPANY COM 96145D105 36 734 SH   SOLE   734 0 0
WEYERHAEUSER COMPANY COM 962166104 602,675 18,868,971 SH   SOLE   18,868,971 0 0
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WHIRLPOOL CORP COM 963320106 33 205 SH   SOLE   205 0 0
WHITESTONE REIT COM 966084204 22 1,600 SH   SOLE   1,600 0 0
WHITEWAVE FOODS COMPANY COM 966244105 28 521 SH   SOLE   521 0 0
WHOLE FOODS MARKET INC COM 966837106 25 893 SH   SOLE   893 0 0
WILLIAM LYON HOMES CL A NEW 552074700 2,087 112,493 SH   SOLE   112,493 0 0
WILLIAMS COS INC COM 969457100 7,953 258,794 SH   SOLE   258,794 0 0
WILLIS TOWERS WATSON PLC SHS G96629103 45 342 SH   SOLE   342 0 0
WORKDAY INC-CLASS A CL A 98138H101 28 310 SH   SOLE   310 0 0
WP CAREY INC COM 92936U109 226 3,500 SH   SOLE   3,500 0 0
WR BERKLEY CORP COM 084423102 17 295 SH   SOLE   295 0 0
WR GRACE & CO COM 38388F108 14 185 SH   SOLE   185 0 0
WW GRAINGER INC COM 384802104 33 148 SH   SOLE   148 0 0
WYNDHAM WORLDWIDE CORPORATION COM 98310W108 20 304 SH   SOLE   304 0 0
WYNN RESORTS LTD COM 983134107 25 254 SH   SOLE   254 0 0
XCEL ENERGY INC COM 98389B100 55 1,328 SH   SOLE   1,328 0 0
XENIA HOTELS & RESORTS INC COM 984017103 87 5,700 SH   SOLE   5,700 0 0
XEROX CORPORATION COM 984121103 24 2,384 SH   SOLE   2,384 0 0
XILINX INC COM 983919101 39 723 SH   SOLE   723 0 0
XL GROUP LIMITED COM G98294104 27 802 SH   SOLE   802 0 0
XYLEM INC COM 98419M100 24 457 SH   SOLE   457 0 0
YAHOO! INC COM 984332106 424 9,847 SH   SOLE   9,847 0 0
YUM! BRANDS INC COM 988498101 95 1,046 SH   SOLE   1,046 0 0
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ZIMMER BIOMET HOLDINGS INC COM 98956P102 63 483 SH   SOLE   483 0 0
ZOETIS INC CL A 98978V103 245 4,709 SH   SOLE   4,709 0 0