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 Common Stock 88579Y101 168 1,025 SH   OTR   0 1,025 0
ACADIA REALTY TRUST REITS 004239109 158 4,945 SH   SOLE   4,945 0 0
AETNA INC Common Stock 00817Y108 551 6,200 SH   OTR   0 6,200 0
AFLAC INC Common Stock 001055102 677 11,075 SH   OTR   0 11,075 0
ALEXANDRIA REAL ESTATE EQUIT REITS 015271109 936 10,550 SH   SOLE   10,550 0 0
AMERICAN ASSETS TRUST INC REITS 024013104 238 5,979 SH   SOLE   5,979 0 0
AMERICAN CAMPUS COMMUNITIES REITS 024835100 527 12,751 SH   SOLE   12,751 0 0
AMERICAN CAPITAL AGENCY CORP REITS 02503X105 2,450 112,232 SH   SOLE   112,232 0 0
AMERICAN TOWER CORP REITS 03027X100 405 4,100 SH   SOLE   4,100 0 0
APACHE CORP Common Stock 037411105 149 2,375 SH   OTR   0 2,375 0
APARTMENTS INVESTMENT REITS 03748R101 258 6,936 SH   SOLE   6,936 0 0
ASHFORD HOSPITALITY PRIME INC REITS 044102101 143 8,337 SH   SOLE   8,337 0 0
ASSOCIATED ESTATES REALTY CP REITS 045604105 1,261 54,348 SH   SOLE   54,348 0 0
AT & T INC Common Stock 00206R102 537 16,000 SH   OTR   0 16,000 0
AVALONBAY COMMUNITIES INC REITS 053484101 2,227 13,628 SH   SOLE   13,628 0 0
BERKSHIRE HATHAWAY INC. Common Stock 084670702 691 4,600 SH   OTR   0 4,600 0
BIOMED REALTY TRUST INC REITS 09063H107 226 10,476 SH   SOLE   10,476 0 0
BOSTON PROPERTIES INC REITS 101121101 3,368 26,173 SH   SOLE   26,173 0 0
BRANDYWINE REALTY TRUST REITS 105368203 3 192 SH   SOLE   192 0 0
CAMDEN PROPERTY TRUST REITS 133131102 994 13,463 SH   SOLE   13,463 0 0
CAMPUS CREST COMMUNITIES INC REITS 13466Y105 227 31,000 SH   SOLE   31,000 0 0
CBL & ASSOCIATES PROPERTIES REITS 124830100 2,974 153,162 SH   SOLE   153,162 0 0
CEDAR SHOPPING CENTERS INC REITS 150602209 42 5,675 SH   SOLE   5,675 0 0
CHAMBERS STREET PROPERTIES REITS 157842105 359 44,500 SH   SOLE   44,500 0 0
CHEVRON CORPORATION Common Stock 166764100 477 4,250 SH   OTR   0 4,250 0
CITIGROUP INC Common Stock 172967424 547 10,100 SH   OTR   0 10,100 0
CORENERGY INFRASTRUCTURE TRUST REITS 21870U205 388 59,714 SH   SOLE   59,714 0 0
CORESITE REALTY CORP REITS 21870Q105 434 11,121 SH   SOLE   11,121 0 0
CORPORATE OFFICE PROPERTIES REITS 22002T108 1,769 62,355 SH   SOLE   62,355 0 0
CORRECTIONS CORP OF AMERICA REITS 22025Y407 2,357 64,890 SH   SOLE   64,890 0 0
COUSINS PROPERTIES INC REITS 222795106 1 91 SH   SOLE   91 0 0
CUBESMART REITS 229663109 947 42,900 SH   SOLE   42,900 0 0
DCT INDUSTRIAL TRUST INC REITS 233153204 392 11,000 SH   SOLE   11,000 0 0
DDR CORP REITS 23317H102 532 28,964 SH   SOLE   28,964 0 0
DIAMONDROCK HOSPITALITY CO REITS 252784301 4 282 SH   SOLE   282 0 0
DIGITAL REALTY TRUST INC REITS 253868103 172 2,600 SH   SOLE   2,600 0 0
DOUGLAS EMMETT INC REITS 25960P109 986 34,700 SH   SOLE   34,700 0 0
DUKE REALTY CORP REITS 264411505 904 44,765 SH   SOLE   44,765 0 0
DUPONT FABROS TECHNOLOGY INC REITS 26613Q106 4 112 SH   SOLE   112 0 0
EASTGROUP PROPERTIES INC REITS 277276101 260 4,100 SH   SOLE   4,100 0 0
EDUCATION REALTY TRUST INC REITS 28140H203 745 20,381 SH   SOLE   20,381 0 0
EMERSON ELECTRIC CO Common Stock 291011104 181 2,925 SH   OTR   0 2,925 0
EQUITY COMMONWEALTH REITS 294628102 1,269 49,406 SH   SOLE   49,406 0 0
EQUITY LIFESTYLE PROPERTIES REITS 29472R108 929 18,056 SH   SOLE   18,056 0 0
EQUITY ONE INC REITS 294752100 172 6,770 SH   SOLE   6,770 0 0
EQUITY RESIDENTIAL PROPS TR REITS 29476L107 3,864 53,776 SH   SOLE   53,776 0 0
ESSEX PROPERTY TRUST INC REITS 297178105 229 1,110 SH   SOLE   1,110 0 0
FEDERAL REALTY INVS TRUST REITS 313747206 1,029 7,707 SH   SOLE   7,707 0 0
FIRST INDUSTRIAL REALTY TR REITS 32054K103 292 14,200 SH   SOLE   14,200 0 0
FIRST POTOMAC REALTY TRUST REITS 33610F109 110 8,900 SH   SOLE   8,900 0 0
FRANLKLIN STREET PROPERTIES C REITS 35471R106 164 13,314 SH   SOLE   13,314 0 0
GENERAL GROWTH PROPERTIES REITS 370023103 567 20,162 SH   SOLE   20,162 0 0
HCP INC REITS 40414L109 3,577 81,250 SH   SOLE   81,250 0 0
HEALTH CARE REIT INC REITS 42217K106 1,270 16,783 SH   SOLE   16,783 0 0
HEALTHCARE TRUST OF AMERICA IN REITS 42225P501 543 20,150 SH   SOLE   20,150 0 0
HIGHWOOD PROPERTIES INC REITS 431284108 89 2,000 SH   SOLE   2,000 0 0
HOME PROPERTIES INC REITS 437306103 4 60 SH   SOLE   60 0 0
HOSPITALITY PROPERTIES TRUST REITS 44106M102 669 21,568 SH   SOLE   21,568 0 0
HOST HOTELS & RESORTS INC REITS 44107P104 881 37,048 SH   SOLE   37,048 0 0
INTEL CORP Common Stock 458140100 484 13,325 SH   OTR   0 13,325 0
ISHARES Iboxx Investment Grade Corporate Bond Fund Exchange Traded Fund 464287242 1,875 15,700 SH   SOLE   15,700 0 0
KILROY REALTY CORP REITS 49427F108 158 2,280 SH   SOLE   2,280 0 0
KIMCO REALTY CORP REITS 49446R109 2,007 79,877 SH   SOLE   79,877 0 0
KITE REALTY GROUP TRUST REITS 49803T300 265 9,225 SH   SOLE   9,225 0 0
LIBERTY PROPERTY TRUST REITS 531172104 540 14,350 SH   SOLE   14,350 0 0
LTC PROPERTIES INC REITS 502175102 128 2,956 SH   SOLE   2,956 0 0
MACK-CALI REALTY CORPORATION REITS 554489104 93 4,879 SH   SOLE   4,879 0 0
MICROSOFT CORP Common Stock 594918104 572 12,325 SH   OTR   0 12,325 0
MID-AMERICA APARTMENT COMM INC REITS 59522J103 333 4,455 SH   SOLE   4,455 0 0
NATIONAL OILWELL VARCO INC Common Stock 637071101 298 4,550 SH   OTR   0 4,550 0
NATIONAL RETAIL PROPERTIES REITS 637417106 173 4,400 SH   SOLE   4,400 0 0
NEW YORK REIT INC REITS 64976L109 345 32,600 SH   SOLE   32,600 0 0
NOW INC/DE Common Stock 67011P100 148 5,736 SH   OTR   0 5,736 0
ONE LIBERTY PROPERTIES INC REITS 682406103 1,882 79,643 SH   SOLE   79,643 0 0
OUTFRONT MEDIA INC REITS 69007J106 510 19,000 SH   SOLE   19,000 0 0
PARAMOUNT GROUP INC REITS 69924R108 410 22,000 SH   SOLE   22,000 0 0
PARKWAY PROPERTIES INC REITS 70159Q104 1 73 SH   SOLE   73 0 0
PENN REAL ESTATE INVEST TRUST REITS 709102107 246 10,471 SH   SOLE   10,471 0 0
PIEDMONT OFFICE REALTY TRUST REITS 720190206 26 1,407 SH   SOLE   1,407 0 0
POST PROPERTIES INC REITS 737464107 429 7,302 SH   SOLE   7,302 0 0
PROCTER GAMBLE CO Common Stock 742718109 626 6,875 SH   OTR   0 6,875 0
PROLOGIS INC REITS 74340W103 1,761 40,923 SH   SOLE   40,923 0 0
PS BUSINESS PARKS INC CA REITS 69360J107 136 1,708 SH   SOLE   1,708 0 0
PUBLIC STORAGE INC REITS 74460D109 5,915 31,990 SH   SOLE   31,990 0 0
RAMCO GERHENSON PROPERTIES REITS 751452202 220 11,750 SH   SOLE   11,750 0 0
REALTY INCOME CORPORATION REITS 756109104 429 9,000 SH   SOLE   9,000 0 0
REGENCY CENTERS CORP REITS 758849103 655 10,271 SH   SOLE   10,271 0 0
RETAIL PROPERTIES OF AMERICA REITS 76131V202 453 27,114 SH   SOLE   27,114 0 0
ROUSE PROPERTIES INC REITS 779287101 91 4,932 SH   SOLE   4,932 0 0
SAUL CENTERS INC REITS 804395101 29 500 SH   SOLE   500 0 0
SELECT INCOME REIT REITS 81618T100 2,471 101,331 SH   SOLE   101,331 0 0
SENIOR HOUSING PROP TRUST REITS 81721M109 26 1,170 SH   SOLE   1,170 0 0
SIMON PROPERTY GROUP INC REITS 828806109 7,826 42,937 SH   SOLE   42,937 0 0
SL GREEN REITS 78440X101 729 6,121 SH   SOLE   6,121 0 0
SOVRAN SELF STORAGE INC REITS 84610H108 784 8,986 SH   SOLE   8,986 0 0
SPIRIT REALTY CAPITAL REITS 84860W102 410 34,515 SH   SOLE   34,515 0 0
STAPLES INC Common Stock 855030102 306 16,900 SH   OTR   0 16,900 0
STRATEGIC HOTELS & RESORTS INC REITS 86272T106 427 32,269 SH   SOLE   32,269 0 0
STRYKER CORP Common Stock 863667101 509 5,400 SH   OTR   0 5,400 0
SUNSTONE HOTEL INVESTORS INC REITS 867892101 600 36,328 SH   SOLE   36,328 0 0
TANGER FACTORY OUTLET CENTERS REITS 875465106 963 26,061 SH   SOLE   26,061 0 0
TAUBMAN CENTERS INC REITS 876664103 2,044 26,748 SH   SOLE   26,748 0 0
TELEPHONE AND DATA SYSTEMS Common Stock 879433829 263 10,400 SH   OTR   0 10,400 0
THE MACERICH CO REITS 554382101 203 2,434 SH   SOLE   2,434 0 0
TOTAL SYSTEM SERVICES INC Common Stock 891906109 241 7,100 SH   OTR   0 7,100 0
UDR INC REITS 902653104 382 12,402 SH   SOLE   12,402 0 0
VALMONT INDUSTRIES Common Stock 920253101 273 2,150 SH   OTR   0 2,150 0
VARIAN MEDICAL SYSTEMS Common Stock 92220P105 484 5,600 SH   OTR   0 5,600 0
VENTAS INC REITS 92276F100 4,942 68,915 SH   SOLE   68,915 0 0
VORNADO REALTY TRUST REITS 929042109 3,472 29,495 SH   SOLE   29,495 0 0
WAL-MART STORES INC Common Stock 931142103 575 6,700 SH   OTR   0 6,700 0
WASHINGTON PRIME GROUP INC REITS 939647103 322 18,673 SH   SOLE   18,673 0 0
WASHINGTON REAL ESTATE INV REITS 939653101 1 32 SH   SOLE   32 0 0
WEINGARTEN REALTY INVST REITS 948741103 105 2,998 SH   SOLE   2,998 0 0
WELLS FARGO & COMPANY Common Stock 949746101 663 12,100 SH   OTR   0 12,100 0