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 244 1,995 SH   OTR   0 1,995 0
AFLAC INC Common Stock 001055102 656 9,090 SH   OTR   0 9,090 0
ALEXANDRIA REAL ESTATE EQUIT REITS 015271109 1,467 14,174 SH   SOLE   14,174 0 0
ALLEGHANY CORP Common Stock 017175100 165 300 SH   OTR   0 300 0
AMERICAN CAMPUS COMMUNITIES REITS 024835100 727 13,751 SH   SOLE   13,751 0 0
AMERICAN CAPITAL AGENCY CORP REITS 02503X105 235 11,886 SH   SOLE   11,886 0 0
AMERICAN EXPRESS COMPANY Common Stock 025816109 468 7,703 SH   OTR   0 7,703 0
APACHE CORP Common Stock 037411105 201 3,605 SH   OTR   0 3,605 0
APARTMENTS INVESTMENT REITS 03748R101 1,051 23,794 SH   SOLE   23,794 0 0
AT & T INC Common Stock 00206R102 486 11,250 SH   OTR   0 11,250 0
AVALONBAY COMMUNITIES INC REITS 053484101 7,129 39,528 SH   SOLE   39,528 0 0
BERKSHIRE HATHAWAY INC. Common Stock 084670702 587 4,054 SH   OTR   0 4,054 0
BOSTON PROPERTIES INC REITS 101121101 4,161 31,543 SH   SOLE   31,543 0 0
BRANDYWINE REALTY TRUST REITS 105368203 134 8,000 SH   SOLE   8,000 0 0
CAMDEN PROPERTY TRUST REITS 133131102 1,101 12,455 SH   SOLE   12,455 0 0
CARE CAPITAL PROPERTIES INC REITS 141624106 1,932 73,785 SH   SOLE   73,785 0 0
CBL & ASSOCIATES PROPERTIES REITS 124830100 2,731 293,662 SH   SOLE   293,662 0 0
CHEVRON CORPORATION Common Stock 166764100 568 5,420 SH   OTR   0 5,420 0
CITIGROUP INC Common Stock 172967424 259 6,115 SH   OTR   0 6,115 0
CITY OFFICE REIT INC REITS 178587101 226 17,400 SH   SOLE   17,400 0 0
COMMUNICATIONS SALES & LEASING REITS 20341J104 2,743 94,917 SH   SOLE   94,917 0 0
CORENERGY INFRASTRUCTURE TRUST REITS 21870U502 368 12,775 SH   SOLE   12,775 0 0
CORPORATE OFFICE PROPERTIES REITS 22002T108 646 21,855 SH   SOLE   21,855 0 0
CORRECTIONS CORP OF AMERICA REITS 22025Y407 3,734 106,603 SH   SOLE   106,603 0 0
CUBESMART REITS 229663109 238 7,700 SH   SOLE   7,700 0 0
DCT INDUSTRIAL TRUST INC REITS 233153204 96 2,000 SH   SOLE   2,000 0 0
DDR CORP REITS 23317H102 798 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 338 3,100 SH   SOLE   3,100 0 0
DOUGLAS EMMETT INC REITS 25960P109 476 13,400 SH   SOLE   13,400 0 0
DUKE REALTY CORP REITS 264411505 826 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 173 2,510 SH   SOLE   2,510 0 0
EMERSON ELECTRIC CO Common Stock 291011104 348 6,675 SH   OTR   0 6,675 0
EMPIRE STATE REALTY TRUST INC REITS 292104106 199 10,494 SH   SOLE   10,494 0 0
EQUITY COMMONWEALTH REITS 294628102 1,281 44,006 SH   SOLE   44,006 0 0
EQUITY LIFESTYLE PROPERTIES REITS 29472R108 2,398 29,956 SH   SOLE   29,956 0 0
EQUITY RESIDENTIAL PROPS TR REITS 29476L107 5,625 81,676 SH   SOLE   81,676 0 0
ESSEX PROPERTY TRUST INC REITS 297178105 2,716 11,910 SH   SOLE   11,910 0 0
EXTRA SPACE STORAGE INC REITS 30225T102 4,414 47,700 SH   SOLE   47,700 0 0
EXXON MOBIL CORP Common Stock 30231G102 344 3,675 SH   OTR   0 3,675 0
FEDERAL REALTY INVS TRUST REITS 313747206 1,293 7,807 SH   SOLE   7,807 0 0
FIRST INDUSTRIAL REALTY TR REITS 32054K103 256 9,200 SH   SOLE   9,200 0 0
FIRST POTOMAC REALTY TRUST REITS 33610F109 82 8,900 SH   SOLE   8,900 0 0
FRANLKLIN STREET PROPERTIES C REITS 35471R106 163 13,314 SH   SOLE   13,314 0 0
GENERAL GROWTH PROPERTIES REITS 370023103 4,032 135,162 SH   SOLE   135,162 0 0
HCP INC REITS 40414L109 5,357 151,450 SH   SOLE   151,450 0 0
HEALTHCARE TRUST OF AMERICA IN REITS 42225P501 218 6,750 SH   SOLE   6,750 0 0
HOSPITALITY PROPERTIES TRUST REITS 44106M102 1,159 40,267 SH   SOLE   40,267 0 0
HOST HOTELS & RESORTS INC REITS 44107P104 2,622 161,838 SH   SOLE   161,838 0 0
HYSTER YALE MATERIALS Common Stock 449172105 141 2,375 SH   OTR   0 2,375 0
INTEL CORP Common Stock 458140100 215 6,555 SH   OTR   0 6,555 0
IRON MOUNTAIN INC REITS 46284V101 382 9,586 SH   SOLE   9,586 0 0
ISHARES IBOXX INVESTMENT GRADE CORPORATE BOND FUND Exchange Traded Fund 464287242 1,927 15,700 SH   SOLE   15,700 0 0
KILROY REALTY CORP REITS 49427F108 151 2,280 SH   SOLE   2,280 0 0
KIMCO REALTY CORP REITS 49446R109 1,044 33,277 SH   SOLE   33,277 0 0
KITE REALTY GROUP TRUST REITS 49803T300 357 12,725 SH   SOLE   12,725 0 0
LASALLE HOTEL PROPERTIES REITS 517942108 1,033 43,824 SH   SOLE   43,824 0 0
LIBERTY PROPERTY TRUST REITS 531172104 153 3,850 SH   SOLE   3,850 0 0
LTC PROPERTIES INC REITS 502175102 93 1,800 SH   SOLE   1,800 0 0
MACK-CALI REALTY CORPORATION REITS 554489104 645 23,879 SH   SOLE   23,879 0 0
MICROSOFT CORP Common Stock 594918104 428 8,355 SH   OTR   0 8,355 0
NATIONAL OILWELL VARCO INC Common Stock 637071101 342 10,171 SH   OTR   0 10,171 0
NATIONAL RETAIL PROPERTIES REITS 637417106 259 5,000 SH   SOLE   5,000 0 0
NEW YORK REIT INC REITS 64976L109 468 50,654 SH   SOLE   50,654 0 0
NOW INC/DE Common Stock 67011P100 175 9,646 SH   OTR   0 9,646 0
OMEGA HEALTHCARE INVESTORS REITS 681936100 459 13,528 SH   SOLE   13,528 0 0
ONE LIBERTY PROPERTIES INC REITS 682406103 1,928 80,958 SH   SOLE   80,958 0 0
OWENS REALTY MORTGAGE INC REITS 690828108 309 18,583 SH   SOLE   18,583 0 0
PARAMOUNT GROUP INC REITS 69924R108 1,297 81,401 SH   SOLE   81,401 0 0
PENN REAL ESTATE INVEST TRUST REITS 709102107 102 4,771 SH   SOLE   4,771 0 0
PIEDMONT OFFICE REALTY TRUST REITS 720190206 503 23,372 SH   SOLE   23,372 0 0
POST PROPERTIES INC REITS 737464107 983 16,097 SH   SOLE   16,097 0 0
PROCTER GAMBLE CO Common Stock 742718109 404 4,776 SH   OTR   0 4,776 0
PROLOGIS INC REITS 74340W103 1,653 33,723 SH   SOLE   33,723 0 0
PUBLIC STORAGE INC REITS 74460D109 7,637 29,890 SH   SOLE   29,890 0 0
RAMCO GERHENSON PROPERTIES REITS 751452202 230 11,750 SH   SOLE   11,750 0 0
REGENCY CENTERS CORP REITS 758849103 617 7,371 SH   SOLE   7,371 0 0
RETAIL PROPERTIES OF AMERICA REITS 76131V202 850 50,314 SH   SOLE   50,314 0 0
SELECT INCOME REIT REITS 81618T100 3,342 128,576 SH   SOLE   128,576 0 0
SENIOR HOUSING PROP TRUST REITS 81721M109 635 30,500 SH   SOLE   30,500 0 0
SIMON PROPERTY GROUP INC REITS 828806109 11,739 54,120 SH   SOLE   54,120 0 0
SL GREEN REITS 78440X101 417 3,921 SH   SOLE   3,921 0 0
SOVRAN SELF STORAGE INC REITS 84610H108 3,404 32,456 SH   SOLE   32,456 0 0
SPIRIT REALTY CAPITAL REITS 84860W102 77 6,015 SH   SOLE   6,015 0 0
STAPLES INC Common Stock 855030102 258 29,940 SH   OTR   0 29,940 0
STRYKER CORP Common Stock 863667101 312 2,605 SH   OTR   0 2,605 0
SUN COMMUNITIES INC REITS 866674104 245 3,200 SH   SOLE   3,200 0 0
SUNSTONE HOTEL INVESTORS INC REITS 867892101 200 16,616 SH   SOLE   16,616 0 0
TANGER FACTORY OUTLET CENTERS REITS 875465106 3,406 84,789 SH   SOLE   84,789 0 0
TAUBMAN CENTERS INC REITS 876664103 2,259 30,448 SH   SOLE   30,448 0 0
TELEPHONE AND DATA SYSTEMS Common Stock 879433829 186 6,278 SH   OTR   0 6,278 0
THE MACERICH CO REITS 554382101 1,258 14,734 SH   SOLE   14,734 0 0
UDR INC REITS 902653104 462 12,502 SH   SOLE   12,502 0 0
VALMONT INDUSTRIES Common Stock 920253101 265 1,956 SH   OTR   0 1,956 0
VARIAN MEDICAL SYSTEMS Common Stock 92220P105 348 4,230 SH   OTR   0 4,230 0
VENTAS INC REITS 92276F100 6,410 88,041 SH   SOLE   88,041 0 0
VEREIT INC REITS 92339V100 122 12,000 SH   SOLE   12,000 0 0
VORNADO REALTY TRUST REITS 929042109 3,863 38,595 SH   SOLE   38,595 0 0
WAL-MART STORES INC Common Stock 931142103 355 4,868 SH   OTR   0 4,868 0
WASHINGTON REAL ESTATE INV REITS 939653101 1 32 SH   SOLE   32 0 0
WEINGARTEN REALTY INVST REITS 948741103 408 9,998 SH   SOLE   9,998 0 0
WELLS FARGO & COMPANY Common Stock 949746101 458 9,680 SH   OTR   0 9,680 0
WELLTOWER INC REITS 95040Q104 1,476 19,383 SH   SOLE   19,383 0 0
WP GLIMCHER INC REITS 92939N102 1,014 90,673 SH   SOLE   90,673 0 0