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
Acacia Research Corp COM 003881307 4,537 789,189 SH   SOLE   789,189 0 0
Accenture Common 045008479 19,348 161,395 SH   SOLE   161,395 0 0
Agree Realty COM 008492100 18,691 389,728 SH   SOLE   389,728 0 0
Air Transport Services Group COM 00922R105 10,092 628,800 SH   SOLE   628,800 0 0
Aircastle LTD Common G0129K104 12,979 537,890 SH   SOLE   537,890 0 0
Alexandria Real Estate Equities Inc COM 015271109 77,499 701,221 SH   SOLE   701,221 0 0
American Campus Communities Inc COM 024835100 37,082 779,209 SH   SOLE   779,209 0 0
American Homes Preferred A Series Preferred Class A 02665T405 13,140 457,216 SH   SOLE   457,216 0 0
American Tower COM 03027X100 66,296 545,473 SH   SOLE   545,473 0 0
American Tower Preferred Class B Preferred Class B 03027X407 10,815 96,823 SH   SOLE   96,823 0 0
Apartment Investment & Management Company COM 03748R101 38,014 857,154 SH   SOLE   857,154 0 0
Atrion Corp. COM 049904105 7,474 16,052 SH   SOLE   16,052 0 0
Avalonbay Communities Inc COM 053484101 45,772 249,306 SH   SOLE   249,306 0 0
BlackBox COM 091826107 4,189 468,087 SH   SOLE   468,087 0 0
Boston Properties Inc COM 101121101 51,587 389,629 SH   SOLE   389,629 0 0
Brixmore COM 11120U105 40,116 1,870,219 SH   SOLE   1,870,219 0 0
Cal Maine Foods Inc COM 128030202 5,908 160,546 SH   SOLE   160,546 0 0
Cedar Fair LP MLP 150185106 4,836 71,320 SH   SOLE   71,320 0 0
Ceva Inc COM 157210105 8,549 240,818 SH   SOLE   240,818 0 0
Cisco Common 17275R102 17,275 511,103 SH   SOLE   511,103 0 0
Colony NorthStar, Inc. COM 19625W104 23,131 1,791,727 SH   SOLE   1,791,727 0 0
Colony Starwood Homes COM 19625X102 21,156 623,341 SH   SOLE   623,341 0 0
Comtech Telecommunications COM 205826209 3,350 227,339 SH   SOLE   227,339 0 0
Consolidated Water Co. Ltd. COM G23773107 5,454 468,226 SH   SOLE   468,226 0 0
Crown Castle COM 22822V101 66,233 701,255 SH   SOLE   701,255 0 0
CubeSmart COM 229663109 48,553 1,870,315 SH   SOLE   1,870,315 0 0
Cummins Common 231021106 13,011 86,054 SH   SOLE   86,054 0 0
Douglas Dynamics COM 25960R105 6,969 227,380 SH   SOLE   227,380 0 0
Dynamic Materials COM 267888105 5,473 441,385 SH   SOLE   441,385 0 0
Eastgroup Properties Inc COM 277276101 40,100 545,361 SH   SOLE   545,361 0 0
Eaton Corporation Common 278058102 11,964 161,353 SH   SOLE   161,353 0 0
Eaton Vance Tax-Managed Global Buy-Write Opp Fd Closed End Fund 27829C105 9,977 914,524 SH   SOLE   914,524 0 0
Education Realty Trust Inc COM 28140H203 38,188 934,849 SH   SOLE   934,849 0 0
Energy Transfer Partners LP MLP 29273R109 4,558 124,824 SH   SOLE   124,824 0 0
Enterprise Products Partners LP MLP 293792107 4,676 169,361 SH   SOLE   169,361 0 0
Entertainment Properties Trust Common 26884U109 17,823 242,062 SH   SOLE   242,062 0 0
Entertainment Properties Trust COM 26884U109 57,369 779,163 SH   SOLE   779,163 0 0
ePlus, Inc. COM 294268107 10,838 80,258 SH   SOLE   80,258 0 0
EQT Midstream Partners LP MLP 26885B100 4,797 62,405 SH   SOLE   62,405 0 0
ETRACS Alerian MLP Index ETN 90267B682 46,167 2,282,126 SH   SOLE   2,282,126 0 0
Farmland Partners COM 31154R109 7,173 642,216 SH   SOLE   642,216 0 0
Federal Realty Investment Trust COM 313747206 52,013 389,614 SH   SOLE   389,614 0 0
First Industrial COM 32054K103 39,405 1,480,285 SH   SOLE   1,480,285 0 0
Fly Leasing COM 34407D109 5,266 401,387 SH   SOLE   401,387 0 0
FreightCar America COM 357023100 2,682 214,116 SH   SOLE   214,116 0 0
Gaming and Leisure Properties Common 36467J108 13,484 403,473 SH   SOLE   403,473 0 0
Gaming and Leisure Properties COM 36467J108 39,057 1,168,689 SH   SOLE   1,168,689 0 0
General Electric Company Common 369604103 12,823 430,320 SH   SOLE   430,320 0 0
Genesis Energy LP MLP 371927104 3,469 107,008 SH   SOLE   107,008 0 0
Gramercy Property Trust COM 385002308 30,731 1,168,479 SH   SOLE   1,168,479 0 0
Health Care Reit Inc COM 95040Q104 49,659 701,205 SH   SOLE   701,205 0 0
Holly Energy Partners MLP 435763107 4,457 124,814 SH   SOLE   124,814 0 0
Home Depot Common 437076102 14,214 96,808 SH   SOLE   96,808 0 0
Honeywell International Inc. Common 438516106 20,142 161,362 SH   SOLE   161,362 0 0
Hospitality Properties Trust Common 44106M102 14,418 457,293 SH   SOLE   457,293 0 0
Hospitality Properties Trust COM 44106M102 56,500 1,791,969 SH   SOLE   1,791,969 0 0
Host Hotels & Resorts Inc COM 44107P104 53,799 2,883,118 SH   SOLE   2,883,118 0 0
Huntington Bancshares Preferred Class A 446150401 7,362 5,379 SH   SOLE   5,379 0 0
Investors Real Estate Trust COM 461730103 23,984 4,051,418 SH   SOLE   4,051,418 0 0
Iron Mountain Common 462846106 13,430 376,517 SH   SOLE   376,517 0 0
Iron Mountain COM 462846106 50,022 1,402,377 SH   SOLE   1,402,377 0 0
Jernigan Capital COM 476405105 4,007 173,952 SH   SOLE   173,952 0 0
KeyCorp Common 493267108 4,784 269,104 SH   SOLE   269,104 0 0
Kite Realty Group Trust COM 49803T300 23,447 1,091,074 SH   SOLE   1,091,074 0 0
Kraton Performance Polymers Inc. COM 50077C106 10,755 347,836 SH   SOLE   347,836 0 0
Lamar Advertising Co. COM 512816109 18,628 249,240 SH   SOLE   249,240 0 0
LTC Properties Inc COM 502175102 33,590 700,830 SH   SOLE   700,830 0 0
Magellan Midstream Partners MLP 559080106 2,194 28,529 SH   SOLE   28,529 0 0
MagicJack COM 010102529 2,059 240,856 SH   SOLE   240,856 0 0
Materion Corporation COM 576690101 5,834 173,911 SH   SOLE   173,911 0 0
Merck & Co, Inc Common 58933Y105 13,672 215,171 SH   SOLE   215,171 0 0
MGP Ingredients COM 55303J106 8,706 160,543 SH   SOLE   160,543 0 0
Mistras Group COM 60649T107 5,148 240,799 SH   SOLE   240,799 0 0
Monarch Casino COM 609027107 6,717 227,409 SH   SOLE   227,409 0 0
MPLX LP MLP 55336V100 4,181 115,887 SH   SOLE   115,887 0 0
National Retail Properties Inc COM 637417106 12,908 296,068 SH   SOLE   296,068 0 0
Neogenomics Inc. COM 64049M209 7,176 909,528 SH   SOLE   909,528 0 0
Nustar Energy L.P. Preferred Class A 67058H201 6,242 231,803 SH   SOLE   231,803 0 0
OHA Investment COM 67091U102 1,131 734,961 SH   SOLE   734,961 0 0
Oil Drill Corp of America COM 677864100 6,481 175,091 SH   SOLE   175,091 0 0
Omega Healthcare Investors Common 681936100 15,084 457,378 SH   SOLE   457,378 0 0
Outfront Media Common 69007J106 12,141 457,309 SH   SOLE   457,309 0 0
Outfront Media COM 69007J106 35,170 1,324,700 SH   SOLE   1,324,700 0 0
Park City Group Inc. COM 700215304 6,277 508,301 SH   SOLE   508,301 0 0
Paychex Common 704326107 12,673 215,164 SH   SOLE   215,164 0 0
Pennsylvania Real Estate Investment Trust COM 709102107 22,404 1,479,815 SH   SOLE   1,479,815 0 0
PetMed Express, Inc. COM 716382106 8,889 441,393 SH   SOLE   441,393 0 0
Pfizer Inc Common 717081103 19,321 564,783 SH   SOLE   564,783 0 0
Plains All American Pipeline LP MLP 726503105 14,450 457,155 SH   SOLE   457,155 0 0
Powershares Senior Bank Loan ETF 73936Q769 11,883 511,131 SH   SOLE   511,131 0 0
Psychemedics Corp. COM 744375205 5,095 254,159 SH   SOLE   254,159 0 0
Saga Communications COM 786598300 6,827 133,745 SH   SOLE   133,745 0 0
Simon Property Group Inc Common 828806109 10,181 59,184 SH   SOLE   59,184 0 0
Simon Property Group Inc COM 828806109 93,836 545,464 SH   SOLE   545,464 0 0
Sotherly Hotels COM 83600C103 4,096 640,010 SH   SOLE   722,546 0 0
Spectra Energy Partners LP MLP 84756N109 3,503 80,234 SH   SOLE   80,234 0 0
Strattec COM 863111100 3,717 133,733 SH   SOLE   133,733 0 0
SunRun Inc COM 86771W105 7,511 1,391,025 SH   SOLE   1,391,025 0 0
TEGNA Inc Common 87901J105 11,024 430,144 SH   SOLE   430,144 0 0
Terreno COM 88146M101 34,902 1,246,507 SH   SOLE   1,246,507 0 0
Tortoise Energy Infrastructure Closed End Fund 89147L100 29,689 850,940 SH   SOLE   850,940 0 0
Trex Company Inc. COM 89531P105 10,210 147,141 SH   SOLE   147,141 0 0
Unifi Inc. COM 904677200 5,315 187,248 SH   SOLE   187,248 0 0
Uniti Group Inc Common 91325V108 13,210 511,032 SH   SOLE   511,032 0 0
Ventas Inc COM 92276F100 25,327 389,472 SH   SOLE   389,472 0 0
Vornado Realty Trust COM 929042109 29,704 296,122 SH   SOLE   296,122 0 0
Washington Prime Group COM 92939N105 11,502 1,323,636 SH   SOLE   1,323,636 0 0
Waterstone Financial COM 941888109 6,835 374,552 SH   SOLE   374,552 0 0
Weingarten Realty Investors COM 948741103 33,812 1,012,941 SH   SOLE   1,012,941 0 0
Western Refining Logistics MLP 95931Q205 5,218 205,067 SH   SOLE   205,067 0 0
Weyhauser COM 962166104 60,893 1,792,030 SH   SOLE   1,792,030 0 0
WP Glimcher Common 92939N105 10,976 1,263,093 SH   SOLE   1,263,093 0 0