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 3,683 24,055 SH   SOLE   23,195 0 860
Aercap Holdings NV Shs N00985106 2,852 54,210 SH   SOLE   51,550 0 2,660
Alexandria Real Est Eqty Com 015271109 1,735 13,284 SH   SOLE   11,584 0 1,700
Alphabet Inc Cap Stk Cl C Cap Stk Cl C 02079K107 4,306 4,115 SH   SOLE   3,955 0 160
American International Group I Com New 026874784 2,682 45,011 SH   SOLE   43,376 0 1,635
Apple Computers Com 037833100 5,063 30,266 SH   SOLE   29,106 0 1,160
Apple Computers Com 037833100 59 350 SH   OTR   350 0 0
BB&T Corp Com 054937107 1,415 28,450 SH   SOLE   28,450 0 0
Becton Dickinson Co Com 075887109 3,778 17,648 SH   SOLE   17,067 0 581
Boston Pptys Inc com 101121101 3,248 24,980 SH   SOLE   22,070 0 2,910
Chatham Lodging Trust com 16208T102 827 36,335 SH   SOLE   31,160 0 5,175
Check Point Software Technolog ord M22465104 3,341 32,242 SH   SOLE   30,967 0 1,275
Chevron Corp com 166764100 2,810 22,449 SH   SOLE   21,389 0 1,060
Church & Dwight Co Inc com 171340102 2,630 52,416 SH   SOLE   50,290 0 2,126
Costco Wholesale Corp New com 22160K105 2,577 13,843 SH   SOLE   13,108 0 735
Crown Castle Int'l Corp com 22822V901 2,910 26,210 SH   SOLE   23,470 0 2,740
CubeSmart com 229663109 1,209 41,790 SH   SOLE   36,988 0 4,802
Digital Realty Trust Inc com 253868103 1,476 12,962 SH   SOLE   11,086 0 1,876
Discover Financial Services com 254709108 482 6,265 SH   SOLE   6,090 0 175
Eagle Bancorp Inc MD com 268948106 200 3,453 SH   SOLE   3,453 0 0
Essex Property Trust Inc com 297178105 1,659 6,873 SH   SOLE   5,738 0 1,135
Extra Space Storage Inc com 30225T102 1,228 14,039 SH   SOLE   12,539 0 1,500
Exxon Mobil Corp com 30231G102 434 5,184 SH   SOLE   5,184 0 0
Facebook Inc cl a 30303M102 3,470 19,666 SH   SOLE   18,851 0 815
FedEx Corp com 31428X106 2,772 11,110 SH   SOLE   10,690 0 420
First Industrial Realty Trust com 32054K103 1,345 42,727 SH   SOLE   37,627 0 5,100
General Dynamics com 369550108 3,735 18,360 SH   SOLE   17,810 0 550
Gilead Science Inc com 375558103 1,435 20,033 SH   SOLE   19,083 0 950
Goldman Sachs Group Inc com 38141G104 3,263 12,807 SH   SOLE   12,267 0 540
Goodyear Tire & Rubber com 382550101 1,222 37,825 SH   SOLE   36,175 0 1,650
Home Depot Inc com 437076102 4,378 23,100 SH   SOLE   22,144 0 956
Honeywell Intl Inc com 438516106 1,879 12,255 SH   SOLE   11,555 0 700
Ishares International intl sel div etf 464288448 279 8,243 SH   SOLE   8,243 0 0
i-Shares Tr MSCI EAFE Index Fd msci eafe etf 464287465 939 13,350 SH   SOLE   10,650 0 2,700
i-Shares Tr MSCI Emerging Mkts msci emg mkt etf 464287234 461 9,775 SH   SOLE   8,775 0 1,000
iShares Trust Russell 1000 Gro rus 1000 grw etf 464287614 314 2,330 SH   SOLE   2,330 0 0
iShares Trust Russell 1000 Gro rus 1000 grw etf 464287614 121 900 SH   OTR   900 0 0
i-Shares Trust Russell 2000 rus 2000 grw etf 464287655 1,083 7,102 SH   SOLE   5,602 0 1,500
i-Shares Trust Russell 2000 rus 2000 grw etf 464287655 95 625 SH   OTR   625 0 0
i-shares Trust Russell 2000 Va rus 2000 val etf 464287630 1,476 11,740 SH   SOLE   11,715 0 25
Loral Space & Communications I com 543881106 612 13,885 SH   SOLE   13,885 0 0
Medtronic Inc shs G5960L103 2,731 33,825 SH   SOLE   32,699 0 1,126
Mid American Apartmentt Cmntys com 59522J103 1,440 14,321 SH   SOLE   12,796 0 1,525
Nike Inc Class B cl b 654106103 2,221 35,514 SH   SOLE   34,073 0 1,441
Novartis AG ADR sponsored ADR 66987V109 1,978 23,562 SH   SOLE   22,660 0 902
Occidental Pete Corp com 674599105 1,509 20,489 SH   SOLE   19,478 0 1,011
Oracle Corporation com 68389X105 2,620 55,420 SH   SOLE   52,695 0 2,725
PayPal Holdings Inc. com 70450Y103 1,716 23,303 SH   SOLE   22,453 0 850
PNC Finl Svcs Group com 693475105 3,581 24,815 SH   SOLE   23,630 0 1,185
Proassurance Corporation com 74267C106 462 8,081 SH   SOLE   8,081 0 0
ProLogis Trust com 74340W103 1,447 22,431 SH   SOLE   19,656 0 2,775
Realty Income Corp com 756109104 2,026 35,532 SH   SOLE   31,307 0 4,226
Schlumberger Limited com 806857108 2,067 30,665 SH   SOLE   28,930 0 1,735
Scripps Network Interactive cl a com 811065101 2,339 27,400 SH   SOLE   26,300 0 1,100
Sector SPDR Consumer Discretio sbi cons discr 81369Y407 4,545 46,056 SH   SOLE   44,456 0 1,600
Sector SPDR Financial Select sbi int-finl 81369Y605 3,423 122,637 SH   SOLE   114,835 0 7,802
Simon Ppty Grp Inc com 828806109 2,286 13,309 SH   SOLE   11,683 0 1,626
Stag Industrial Inc com 85254J102 871 31,885 SH   SOLE   27,035 0 4,850
Thermo Fisher Scientific Inc com 883556102 2,775 14,613 SH   SOLE   13,713 0 900
United Technologies Corp com 913017109 2,180 17,086 SH   SOLE   16,436 0 650
UnitedHealth Group com 91324P102 3,794 17,208 SH   SOLE   16,708 0 500
Vanguard Emerging Market Equit ftse emr mkt etf 922042858 1,671 36,388 SH   SOLE   34,038 0 2,350
Vanguard Emerging Market Equit ftse emr mkt etf 922042858 76 1,645 SH   OTR   1,645 0 0
Vanguard FTSE Europe ETF ftse europe etf 922042874 1,363 23,050 SH   SOLE   21,225 0 1,825
Verizon Communications com 92343V104 202 3,812 SH   SOLE   3,812 0 0
Visa Inc Cl A com cl a 92826C839 3,809 33,409 SH   SOLE   32,014 0 1,395
Welltower Inc. com 95040Q104 2,357 36,968 SH   SOLE   32,065 0 4,903
WisdomTree Europe ETF europe hedged eq 97717X701 2,571 40,360 SH   SOLE   35,585 0 4,775
WisdomTree Japan Hedged Equity japn hedge eqt 97717W851 4,654 78,440 SH   SOLE   68,915 0 9,525