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
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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
Accenture PLC Shs Cl A New Shs Class A G1151C101 2,952 23,867 SH   SOLE   23,007 0 860
Aercap Holdings NV Shs N00985106 2,424 52,210 SH   SOLE   49,550 0 2,660
Alexandria Real Est Eqty Com 015271109 1,526 12,665 SH   SOLE   11,015 0 1,650
Alphabet Inc Cap Stk Cl C Cap Stk Cl C 02079K107 3,580 3,940 SH   SOLE   3,780 0 160
American International Group I Com New 026874784 2,712 43,386 SH   SOLE   41,751 0 1,635
Apple Computers Com 037833100 4,562 31,674 SH   SOLE   30,474 0 1,200
Apple Computers Com 037833100 50 350 SH   OTR   350 0 0
Becton Dickinson Co Com 075887109 3,758 19,260 SH   SOLE   18,609 0 651
Boston Pptys Inc com 101121101 2,845 23,125 SH   SOLE   20,490 0 2,635
Chatham Lodging Trust com 16208T102 680 33,825 SH   SOLE   28,950 0 4,875
Check Point Software Technolog ord M22465104 3,464 31,757 SH   SOLE   30,482 0 1,275
Chevron Corp com 166764100 2,200 21,089 SH   SOLE   20,029 0 1,060
Church & Dwight Co Inc com 171340102 2,618 50,456 SH   SOLE   48,330 0 2,126
Costco Wholesale Corp New com 22160K105 2,373 14,838 SH   SOLE   14,053 0 785
Crown Castle Int'l Corp com 22822V901 2,527 25,225 SH   SOLE   22,485 0 2,740
CubeSmart com 229663109 935 38,890 SH   SOLE   34,413 0 4,477
Dell Technologies Inc com 24703L103 481 7,875 SH   SOLE   7,615 0 260
Digital Realty Trust Inc com 253868103 1,397 12,372 SH   SOLE   10,546 0 1,826
Discover Financial Services com 254709108 2,079 33,430 SH   SOLE   33,055 0 375
Eagle Bancorp Inc MD com 268948106 245 3,878 SH   SOLE   3,878 0 0
Essex Property Trust Inc com 297178105 1,712 6,653 SH   SOLE   5,893 0 760
Extra Space Storage Inc com 30225T102 1,037 13,294 SH   SOLE   11,894 0 1,400
Exxon Mobil Corp com 30231G102 347 4,299 SH   SOLE   4,299 0 0
Facebook Inc cl a 30303M102 2,918 19,325 SH   SOLE   18,200 0 1,125
First Industrial Realty Trust com 32054K103 1,189 41,552 SH   SOLE   36,577 0 4,975
General Dynamics com 369550108 3,602 18,185 SH   SOLE   17,635 0 550
General Electric Co com 369604103 2,054 76,032 SH   SOLE   70,978 0 5,054
Gilead Science Inc com 375558103 1,557 21,998 SH   SOLE   20,923 0 1,075
Gilead Science Inc com 375558103 21 300 SH   OTR   300 0 0
Goldman Sachs Group Inc com 38141G104 2,769 12,480 SH   SOLE   11,665 0 815
Home Depot Inc com 437076102 3,770 24,575 SH   SOLE   23,524 0 1,051
Honeywell Intl Inc com 438516106 1,455 10,915 SH   SOLE   10,215 0 700
i-Shares Tr MSCI EAFE Index Fd msci eafe etf 464287465 887 13,600 SH   SOLE   10,750 0 2,850
i-Shares Tr MSCI Emerging Mkts msci emg mkt etf 464287234 408 9,850 SH   SOLE   8,775 0 1,075
iShares Trust Russell 1000 Gro rus 1000 grw etf 464287614 286 2,400 SH   SOLE   2,400 0 0
iShares Trust Russell 1000 Gro rus 1000 grw etf 464287614 118 995 SH   OTR   995 0 0
i-Shares Trust Russell 2000 rus 2000 grw etf 464287655 942 6,685 SH   SOLE   5,185 0 1,500
i-Shares Trust Russell 2000 rus 2000 grw etf 464287655 85 600 SH   OTR   600 0 0
i-shares Trust Russell 2000 Va rus 2000 val etf 464287630 1,793 15,080 SH   SOLE   14,755 0 325
Loral Space & Communications I com 543881106 577 13,885 SH   SOLE   13,885 0 0
Medtronic Inc shs G5960L103 2,892 32,586 SH   SOLE   31,485 0 1,101
Mid American Apartmentt Cmntys com 59522J103 1,449 13,747 SH   SOLE   12,621 0 1,126
Nike Inc Class B cl b 654106103 1,950 33,058 SH   SOLE   31,647 0 1,411
Novartis AG ADR sponsored ADR 66987V109 1,826 21,872 SH   SOLE   20,970 0 902
Occidental Pete Corp com 674599105 1,174 19,604 SH   SOLE   18,593 0 1,011
Oracle Corporation com 68389X105 2,781 55,470 SH   SOLE   52,745 0 2,725
PayPal Holdings Inc. com 70450Y103 1,326 24,703 SH   SOLE   23,378 0 1,325
PNC Finl Svcs Group com 693475105 3,031 24,275 SH   SOLE   23,090 0 1,185
Proassurance Corporation com 74267C106 491 8,081 SH   SOLE   8,081 0 0
ProLogis Trust com 74340W103 1,285 21,906 SH   SOLE   19,206 0 2,700
Realty Income Corp com 756109104 1,856 33,637 SH   SOLE   29,662 0 3,976
Schlumberger Limited com 806857108 1,979 30,058 SH   SOLE   28,323 0 1,735
Scripps Network Interactive cl a com 811065101 2,167 31,725 SH   SOLE   30,625 0 1,100
Sector SPDR Consumer Discretio sbi cons discr 81369Y407 4,002 44,646 SH   SOLE   43,046 0 1,600
Sector SPDR Financial Select sbi int-finl 81369Y605 2,867 116,209 SH   SOLE   108,407 0 7,802
Simon Ppty Grp Inc com 828806109 2,053 12,689 SH   SOLE   11,103 0 1,586
SPDR Real Estate Select Sctr rl est sel sec 81369Y860 493 15,300 SH   SOLE   14,757 0 543
Stag Industrial Inc com 85254J102 839 30,410 SH   SOLE   25,660 0 4,750
Thermo Fisher Scientific Inc com 883556102 2,419 13,863 SH   SOLE   12,963 0 900
United Technologies Corp com 913017109 2,073 16,976 SH   SOLE   16,326 0 650
UnitedHealth Group com 91324P102 3,185 17,175 SH   SOLE   16,675 0 500
Vanguard Emerging Market Equit ftse emr mkt etf 922042858 1,409 34,513 SH   SOLE   32,163 0 2,350
Vanguard Emerging Market Equit ftse emr mkt etf 922042858 55 1,335 SH   OTR   1,335 0 0
Vanguard FTSE Europe ETF ftse europe etf 922042874 1,092 19,800 SH   SOLE   17,975 0 1,825
Visa Inc Cl A com cl a 92826C839 3,395 36,198 SH   SOLE   34,778 0 1,420
Welltower Inc. com 95040Q104 2,632 35,158 SH   SOLE   30,528 0 4,630
WisdomTree Europe ETF europe hedged eq 97717X701 2,350 37,705 SH   SOLE   32,930 0 4,775
WisdomTree Japan Hedged Equity japn hedge eqt 97717W851 3,851 74,065 SH   SOLE   64,740 0 9,325
WisdomTree Japan Hedged Equity japn hedge eqt 97717W851 26 500 SH   OTR   500 0 0