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
AETNA INC Common Stock 00817Y108 224 1,995 SH   OTR   0 1,995 0
AFLAC INC Common Stock 001055102 574 9,090 SH   OTR   0 9,090 0
ALEXANDRIA REAL ESTATE EQUIT REITS 015271109 1,861 20,474 SH   SOLE   20,474 0 0
ALLEGHANY CORP Common Stock 017175100 149 300 SH   OTR   0 300 0
AMERICAN CAMPUS COMMUNITIES REITS 024835100 647 13,751 SH   SOLE   13,751 0 0
AMERICAN CAPITAL AGENCY CORP REITS 02503X105 2,051 110,232 SH   SOLE   110,232 0 0
AMERICAN EXPRESS COMPANY Common Stock 025816109 473 7,703 SH   OTR   0 7,703 0
APACHE CORP Common Stock 037411105 145 2,975 SH   OTR   0 2,975 0
APARTMENTS INVESTMENT REITS 03748R101 995 23,794 SH   SOLE   23,794 0 0
AT & T INC Common Stock 00206R102 441 11,250 SH   OTR   0 11,250 0
AVALONBAY COMMUNITIES INC REITS 053484101 7,380 38,828 SH   SOLE   38,828 0 0
BERKSHIRE HATHAWAY INC. Common Stock 084670702 575 4,054 SH   OTR   0 4,054 0
BOSTON PROPERTIES INC REITS 101121101 4,008 31,543 SH   SOLE   31,543 0 0
BRANDYWINE REALTY TRUST REITS 105368203 112 8,000 SH   SOLE   8,000 0 0
CAMDEN PROPERTY TRUST REITS 133131102 1,047 12,455 SH   SOLE   12,455 0 0
CARE CAPITAL PROPERTIES INC REITS 141624106 1,614 60,185 SH   SOLE   60,185 0 0
CBL & ASSOCIATES PROPERTIES REITS 124830100 2,263 190,362 SH   SOLE   190,362 0 0
CHEVRON CORPORATION Common Stock 166764100 517 5,420 SH   OTR   0 5,420 0
CITIGROUP INC Common Stock 172967424 255 6,115 SH   OTR   0 6,115 0
CORENERGY INFRASTRUCTURE TRUST REITS 21870U502 249 12,389 SH   SOLE   12,389 0 0
CORPORATE OFFICE PROPERTIES REITS 22002T108 928 35,355 SH   SOLE   35,355 0 0
CORRECTIONS CORP OF AMERICA REITS 22025Y407 3,644 113,803 SH   SOLE   113,803 0 0
CUBESMART REITS 229663109 256 7,700 SH   SOLE   7,700 0 0
DCT INDUSTRIAL TRUST INC REITS 233153204 79 2,000 SH   SOLE   2,000 0 0
DDR CORP REITS 23317H102 782 43,964 SH   SOLE   43,964 0 0
DIAMONDROCK HOSPITALITY CO REITS 252784301 3 282 SH   SOLE   282 0 0
DIGITAL REALTY TRUST INC REITS 253868103 274 3,100 SH   SOLE   3,100 0 0
DOUGLAS EMMETT INC REITS 25960P109 403 13,400 SH   SOLE   13,400 0 0
DUKE REALTY CORP REITS 264411505 699 31,005 SH   SOLE   31,005 0 0
DUPONT FABROS TECHNOLOGY INC REITS 26613Q106 5 112 SH   SOLE   112 0 0
EASTGROUP PROPERTIES INC REITS 277276101 265 4,400 SH   SOLE   4,400 0 0
EMERSON ELECTRIC CO Common Stock 291011104 363 6,675 SH   OTR   0 6,675 0
EMPIRE STATE REALTY TRUST INC REITS 292104106 184 10,494 SH   SOLE   10,494 0 0
EQUITY COMMONWEALTH REITS 294628102 1,241 44,006 SH   SOLE   44,006 0 0
EQUITY LIFESTYLE PROPERTIES REITS 29472R108 2,790 38,356 SH   SOLE   38,356 0 0
EQUITY RESIDENTIAL PROPS TR REITS 29476L107 6,128 81,676 SH   SOLE   81,676 0 0
ESSEX PROPERTY TRUST INC REITS 297178105 552 2,360 SH   SOLE   2,360 0 0
EXTRA SPACE STORAGE INC REITS 30225T102 2,532 27,100 SH   SOLE   27,100 0 0
EXXON MOBIL CORP Common Stock 30231G102 307 3,675 SH   OTR   0 3,675 0
FEDERAL REALTY INVS TRUST REITS 313747206 1,607 10,307 SH   SOLE   10,307 0 0
FIRST INDUSTRIAL REALTY TR REITS 32054K103 209 9,200 SH   SOLE   9,200 0 0
FIRST POTOMAC REALTY TRUST REITS 33610F109 81 8,900 SH   SOLE   8,900 0 0
FRANLKLIN STREET PROPERTIES C REITS 35471R106 141 13,314 SH   SOLE   13,314 0 0
GENERAL GROWTH PROPERTIES REITS 370023103 3,898 131,162 SH   SOLE   131,162 0 0
HCP INC REITS 40414L109 5,193 159,450 SH   SOLE   159,450 0 0
HEALTHCARE TRUST OF AMERICA IN REITS 42225P501 199 6,750 SH   SOLE   6,750 0 0
HOSPITALITY PROPERTIES TRUST REITS 44106M102 1,069 40,267 SH   SOLE   40,267 0 0
HOST HOTELS & RESORTS INC REITS 44107P104 2,701 161,838 SH   SOLE   161,838 0 0
HYSTER YALE MATERIALS Common Stock 449172105 158 2,375 SH   OTR   0 2,375 0
INTEL CORP Common Stock 458140100 212 6,555 SH   OTR   0 6,555 0
IRON MOUNTAIN INC REITS 46284V101 2,420 71,400 SH   SOLE   71,400 0 0
ISHARES Iboxx Investment Grade Corporate Bond Fund Exchange Traded Fund 464287242 1,865 15,700 SH   SOLE   15,700 0 0
KILROY REALTY CORP REITS 49427F108 141 2,280 SH   SOLE   2,280 0 0
KIMCO REALTY CORP REITS 49446R109 1,130 39,277 SH   SOLE   39,277 0 0
KITE REALTY GROUP TRUST REITS 49803T300 352 12,725 SH   SOLE   12,725 0 0
LASALLE HOTEL PROPERTIES REITS 517942108 1,109 43,824 SH   SOLE   43,824 0 0
LIBERTY PROPERTY TRUST REITS 531172104 129 3,850 SH   SOLE   3,850 0 0
LTC PROPERTIES INC REITS 502175102 81 1,800 SH   SOLE   1,800 0 0
MACK-CALI REALTY CORPORATION REITS 554489104 773 32,879 SH   SOLE   32,879 0 0
MICROSOFT CORP Common Stock 594918104 461 8,355 SH   OTR   0 8,355 0
MID-AMERICA APARTMENT COMM INC REITS 59522J103 308 3,011 SH   SOLE   3,011 0 0
NATIONAL OILWELL VARCO INC Common Stock 637071101 273 8,771 SH   OTR   0 8,771 0
NATIONAL RETAIL PROPERTIES REITS 637417106 231 5,000 SH   SOLE   5,000 0 0
NEW YORK REIT INC REITS 64976L109 511 50,654 SH   SOLE   50,654 0 0
NOW INC/DE Common Stock 67011P100 143 8,086 SH   OTR   0 8,086 0
OMEGA HEALTHCARE INVESTORS REITS 681936100 477 13,528 SH   SOLE   13,528 0 0
ONE LIBERTY PROPERTIES INC REITS 682406103 2,647 118,225 SH   SOLE   118,225 0 0
OWENS REALTY MORTGAGE INC REITS 690828108 40 2,500 SH   SOLE   2,500 0 0
PARAMOUNT GROUP INC REITS 69924R108 1,186 74,401 SH   SOLE   74,401 0 0
PENN REAL ESTATE INVEST TRUST REITS 709102107 469 21,471 SH   SOLE   21,471 0 0
PIEDMONT OFFICE REALTY TRUST REITS 720190206 475 23,372 SH   SOLE   23,372 0 0
POST PROPERTIES INC REITS 737464107 961 16,097 SH   SOLE   16,097 0 0
PROCTER GAMBLE CO Common Stock 742718109 491 5,966 SH   OTR   0 5,966 0
PROLOGIS INC REITS 74340W103 1,491 33,723 SH   SOLE   33,723 0 0
PUBLIC STORAGE INC REITS 74460D109 8,239 29,890 SH   SOLE   29,890 0 0
RAMCO GERHENSON PROPERTIES REITS 751452202 212 11,750 SH   SOLE   11,750 0 0
REALTY INCOME CORPORATION REITS 756109104 708 11,328 SH   SOLE   11,328 0 0
REGENCY CENTERS CORP REITS 758849103 551 7,371 SH   SOLE   7,371 0 0
RETAIL PROPERTIES OF AMERICA REITS 76131V202 798 50,314 SH   SOLE   50,314 0 0
SABRA HEALTH CARE REIT INC REITS 78573L106 357 17,800 SH   SOLE   17,800 0 0
SELECT INCOME REIT REITS 81618T100 3,136 136,231 SH   SOLE   136,231 0 0
SENIOR HOUSING PROP TRUST REITS 81721M109 1,082 60,500 SH   SOLE   60,500 0 0
SIMON PROPERTY GROUP INC REITS 828806109 10,727 51,620 SH   SOLE   51,620 0 0
SL GREEN REITS 78440X101 380 3,921 SH   SOLE   3,921 0 0
SOVRAN SELF STORAGE INC REITS 84610H108 883 7,486 SH   SOLE   7,486 0 0
SPIRIT REALTY CAPITAL REITS 84860W102 405 36,015 SH   SOLE   36,015 0 0
STAPLES INC Common Stock 855030102 273 24,720 SH   OTR   0 24,720 0
STRYKER CORP Common Stock 863667101 341 3,175 SH   OTR   0 3,175 0
SUN COMMUNITIES INC REITS 866674104 229 3,200 SH   SOLE   3,200 0 0
SUNSTONE HOTEL INVESTORS INC REITS 867892101 233 16,616 SH   SOLE   16,616 0 0
TANGER FACTORY OUTLET CENTERS REITS 875465106 3,559 97,789 SH   SOLE   97,789 0 0
TAUBMAN CENTERS INC REITS 876664103 2,025 28,448 SH   SOLE   28,448 0 0
TELEPHONE AND DATA SYSTEMS Common Stock 879433829 223 7,418 SH   OTR   0 7,418 0
THE MACERICH CO REITS 554382101 1,167 14,734 SH   SOLE   14,734 0 0
UDR INC REITS 902653104 482 12,502 SH   SOLE   12,502 0 0
VALMONT INDUSTRIES Common Stock 920253101 242 1,956 SH   OTR   0 1,956 0
VARIAN MEDICAL SYSTEMS Common Stock 92220P105 338 4,230 SH   OTR   0 4,230 0
VENTAS INC REITS 92276F100 7,174 113,941 SH   SOLE   113,941 0 0
VEREIT INC REITS 92339V100 106 12,000 SH   SOLE   12,000 0 0
VORNADO REALTY TRUST REITS 929042109 3,643 38,595 SH   SOLE   38,595 0 0
WAL-MART STORES INC Common Stock 931142103 396 5,788 SH   OTR   0 5,788 0
WASHINGTON REAL ESTATE INV REITS 939653101 1 32 SH   SOLE   32 0 0
WEINGARTEN REALTY INVST REITS 948741103 375 9,998 SH   SOLE   9,998 0 0
WELLS FARGO & COMPANY Common Stock 949746101 468 9,680 SH   OTR   0 9,680 0
WELLTOWER INC REITS 95040Q104 1,829 26,383 SH   SOLE   26,383 0 0
WP GLIMCHER INC REITS 92939N102 718 75,673 SH   SOLE   75,673 0 0