-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TGJeITl/jMmmcIMat+z0t7OxuA9KEfnRTZaYNrCS8DlSckl4Gakomtag7AoHVrS6 B2voUJga3W1GbIf4cjxPGg== 0000845563-03-000164.txt : 20031114 0000845563-03-000164.hdr.sgml : 20031114 20031114084001 ACCESSION NUMBER: 0000845563-03-000164 CONFORMED SUBMISSION TYPE: 13F-HR/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030930 FILED AS OF DATE: 20031114 EFFECTIVENESS DATE: 20031114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COHEN & STEERS CAPITAL MANAGEMENT INC CENTRAL INDEX KEY: 0000845563 IRS NUMBER: 13335336 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR/A SEC ACT: 1934 Act SEC FILE NUMBER: 028-02405 FILM NUMBER: 031000392 BUSINESS ADDRESS: STREET 1: 757 THIRD AVE CITY: NEW YORK STATE: NY ZIP: 10017-2013 BUSINESS PHONE: 2128323232 MAIL ADDRESS: STREET 1: 757 THIRD AVE CITY: NEW YORK STATE: NY ZIP: 10017-2013 13F-HR/A 1 f13f3q03.txt Cohen & Steers Capital Management, Inc. FORM 13F September 30, 2003 Value Shares/ Sh/ Name of Issuer Title of class CUSIP (x$1000) Prn Amt Prn - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- Acadia Realty Trust COM 004239109 26478 2411433 SH AMB Property Corp. COM 00163T109 60304 1957290 SH Alexanders Inc. COM 014752109 1298 12300 SH Amli Residential COM 001735109 28697 1095300 SH Apartment Investment COM 03748R101 177199 4502017 SH Archstone-Smith Tr. COM 039583109 360405 13662069 SH Arden Realty COM 039793104 275934 9883040 SH AvalonBay Comm. COM 053484101 308427 6590316 SH BRE Properties COM 05564E106 40375 1224232 SH Boston Properties COM 101121101 287109 6604760 SH Brandywine Realty Tr. COM 105368203 131207 5107300 SH Brookfield Properties COM 112900105 128437 5473445 SH CBL & Associates COM 124830100 115914 2322928 SH Camden Ppty Trust COM 133131102 99603 2591800 SH CarrAmerica Realty COM 144418100 223799 7497450 SH Catellus Development COM 149111106 178029 7281354 SH Colonial Property Tr COM 195872106 90468 2510900 SH Crescent Real Estate COM 225756105 178417 12304605 SH Developers Divers. COM 251591103 86494 2895694 SH Equity Office Pptys COM 294741103 404155 14680545 SH Equity Residential COM 29476L107 122107 4170322 SH Essex Property Tr. COM 297178105 72939 1163123 SH Federal Realty Inv. COM 313747206 134032 3636239 SH First Industrial Rlty COM 32054K103 124614 3885700 SH Gables Residential Tr COM 362418105 120453 3726900 SH General Growth COM 370021107 135428 1888810 SH Glimcher Realty Tr COM 379302102 101810 4832000 SH Health Care Ppty COM 421915109 190821 4086100 SH Health Care REIT COM 42217K106 116919 3789925 SH Heritage Property Investment COM 42725M107 84832 2937400 SH Highwoods Properties COM 431284108 109007 4568600 SH Hilton Hotels Corp COM 432848109 58465 3604508 SH Home Properties COM 437306103 35378 902500 SH Hospitality Pptys Tr COM 44106M102 36504 1040600 SH Host Marriott COM 44107P104 143602 13383265 SH Innkeepers USA COM 4576J0104 455 52300 SH Keystone Property COM 493596100 54347 2682500 SH Kilroy Realty COM 49427F108 116454 4078964 SH Kramont Realty Trust COM 50075Q107 54213 3198400 SH Liberty Property Tr COM 531172104 222900 6027569 SH Macerich COM 554382101 230774 6113208 SH Mack-Cali Realty COM 554489104 255432 6516117 SH Maguire Properties COM 559775101 129240 6304400 SH Meristar Hospitality COM 58984Y103 708 100000 SH Mid-America Apartment Community COM 59522J103 41501 1375100 SH Mills Corp COM 601148109 251135 6382092 SH Mission West COM 605203108 28816 2331400 SH Nationwide Health COM 638620104 92227 5273100 SH New Plan Excel Rlty COM 648053106 39999 1716700 SH Newcastle Investment Corporation COM 65105M108 11849 515400 SH Pan Pacific COM 69806L104 32754 761723 SH Pennsylvania REIT COM 709102107 1509 45100 SH Post Properties COM 737464107 94577 3473255 SH Prentiss Properties COM 740706106 187400 6045152 SH ProLogis COM 743410102 224247 7413122 SH Public Storage Inc. COM 74460D109 45305 1154862 SH Public Storage-Series A COM 74460D729 23258 826200 SH Ramco-Gershenson COM 751452202 33243 1306200 SH Reckson Assoc COM 75621K106 125144 5415130 SH Reckson Assoc B COM 75621K304 47821 2065700 SH Regency Centers Corp COM 758849103 38169 1035785 SH Rouse Co. COM 779273101 197930 4746521 SH SL Green Realty COM 78440X101 58237 1612753 SH Simon Property Group COM 828806109 303202 6957365 SH Sovran Self Storage COM 84610H108 18693 563900 SH Starwood Hotels COM 85590A203 168292 4835987 SH Summit Properties COM 866239106 63843 2809990 SH Sun Communities COM 866674104 58818 1492850 SH Taubman Centers COM 876664103 71347 3640145 SH Town & Country COM 892081100 4073 173400 SH United Dominion COM 910197102 5859 320000 SH Urstadt Biddle Class A COM 917286205 10531 780100 SH Ventas Inc. COM 92276F100 160866 9396360 SH Vornado Realty Tr. COM 929042109 426610 8880314 SH iStar Financial COM 45031U101 93745 2406800 SH ACE Ltd. ADR 7.8% (ACE C) PFD 016992496 9966 380400 SH AOL SR CABCO 7.625% (UYE) PFD 126794205 1374 53200 SH AON JR SATURNS 7.5% (MJO) PFD 80409X205 561 22528 SH ASBC TR 7.625% (ABW A) PFD 00209E207 1742 65300 SH Abbey Nat. ADR 7.375% (ANB B) PFD 002920700 3555 130700 SH Abbey Nat. ADR 7.375% (ANB C) PFD 002920809 13096 493264 SH Abbey Nat. ADR+ 7.625% (SXA) PFD 002920601 310 11800 SH Aetna Inc. SR 8.5% (AEF) PFD 00817Y207 644 23800 SH Agrium Inc. PFD 008916207 1093 43300 SH Alexandria Real Est. Pr.B PFD 015271307 3853 139300 SH Apartment Inv. Pr.D PFD 03748R309 2550 101794 SH Apartment Inv. Pr.G PFD 03748R408 9791 360900 SH Apartment Inv. Pr.Q PFD 03748R853 2909 109400 SH Apartment Inv. Pr.R PFD 03748R846 47798 1796900 SH Apartment Investments Pr.T PFD 03748R838 3003 120100 SH Bank of Amer. TR 7% (BAC X) PFD 05518E202 318 11800 SH CBL & Assoc Prop 8.75% Pr.B PFD 124830308 26617 492000 SH CBL & Assoc Prop Pr C PFD 124830506 12850 500000 SH CarrAmerica Rlty Pr.B PFD 144418209 286 11333 SH CarrAmerica Rlty Pr.C PFD 144418407 5871 232800 SH Carramerica Realty Corp. Pr.E PFD 144418704 10413 411600 SH Chelsea Property Pr.A PFD 163421209 9077 174765 SH Chittenden Corp TR 8% (CHZ A) PFD 170221204 367 13700 SH Colonial Cap Trust (CNB B) PFD 19560Q203 7641 300000 SH Colonial Prop Pr.D PFD 195872403 13174 506700 SH Colonial Properties Trust PFD 195872304 1938 71900 SH Commercial Net Lease Pr.A PFD 202218111 5874 219600 SH Compass Bank TR 7.35% (CBG C) PFD 20450A209 227 8600 SH Corporate Office Prop Pr F PFD 22002T405 1244 46400 SH Countrywide Cap TR 6.75% (CFC A) PFD 22238E206 1880 74600 SH Cousins Property Pr.A PFD 222795304 16787 661160 SH Crescent Real Estate Pr.A PFD 225756204 56641 2797100 SH Crescent Real Estate Pr.B PFD 225756402 4111 153700 SH Crown Amer. 11% Pfd PFD 228186201 16727 290900 SH DaimlerChrys SR CBTCS 7.4% (XKX) PFD 21988G486 877 34200 SH DaimlerChrys SR CORTS 7.875% (KCV) PFD 22081L208 250 9600 SH DaimlerChrys SR CORTS 8% (KCN) PFD 22081E204 261 10000 SH Developers Divers. Pr.F PFD 251591871 34708 1311700 SH Developers Divers. Pr.G PFD 251591830 2328 88700 SH Dominion CNG TR 7.8% (DMG A) PFD 257206201 2141 78700 SH Energy East TR 8.25% (ECT) PFD 29267G200 1646 61000 SH Entergy Louisiana SR 7.6% (EHL) PFD 29364M811 316 11900 SH Equity Office Pr.G PFD 294741871 427 16000 SH Everest Re TR 7.85% (RE A) PFD 299807206 346 12700 SH FMCC SR 7.375% (FCZ) PFD 345397202 2174 88000 SH FMCC SR 7.6% (FCJ) PFD 345397301 993 39300 SH Federal Realty Pr.B PFD 313747503 10271 380400 SH Felcor Lodging Pr.A PFD 31430F200 7366 322500 SH Felcor Lodging Pr.B PFD 31430F408 20599 837000 SH First Industrial Rlty Pr.D PFD 32054K806 1561 62400 SH First Industrial Rlty Pr.E PFD 32054K889 322 12900 SH Fleet Boston TR 7.2% (FBF L) PFD 33889V207 2485 94800 SH Fleet Boston TR 7.2% (FBF M) PFD 33889X203 2336 87900 SH Ford Motor SR 7.5% (F A) PFD 345370852 4280 172251 SH Ford Motor SR CORTS 7.4% (KSK) PFD 22080Q208 810 33000 SH Ford Motor SR CORTS 8% (KVU) PFD 22082K209 3156 125000 SH Ford Motor SR SATURNS 8.125% (DKL) PFD 804085207 819 32200 SH GMAC SR 7.25% (GKM) PFD 370425407 2628 104900 SH Georgia Power TR 7.125% (GPE W) PFD 37333R308 538 20200 SH Glimcher Realty Pr.F PFD 379302300 15360 600000 SH Gulf Power TR 7.375% (GUP C) PFD 402478200 294 11199 SH HRPT Properties Pr.B PFD 40426W309 26030 970900 SH Health Care Ppty Pr.B PFD 421915406 3708 148200 SH Health Care REIT Pr.D PFD 42217K304 3545 139000 SH Highwoods Prop. Pr.A PFD 431284207 47029 46853 SH Highwoods Properties Pr.B PFD 431284306 1214 49000 SH Highwoods Properties Pr.D PFD 431284504 4442 179100 SH Home Properties Pr.F PFD 437306509 5488 196000 SH Host Marriot Pr.A PFD 44107P203 747 29600 SH Host Marriot Pr.B PFD 44107P302 2360 94400 SH Host Marriot Pr.C PFD 44107P401 4388 175500 SH Host Marriott Cv Pfd QUIP PFD 441079407 1927 43800 SH ING Group JR 7.05% (IND) PFD 456837202 8909 341600 SH ING Group JR 7.2% (INZ) PFD 456837301 4379 165700 SH Innkeepers Pr.A PFD 4576J0302 12028 479200 SH Keystone Property Pr.D PFD 493596308 14061 529600 SH LTC Properties CV Pr.E PFD 502175508 9969 362500 SH Laclede TR 7.7% (LG A) PFD 50558V201 1280 47400 SH Lasalle Hotel Prop Pr.A PFD 517942207 33113 1226400 SH Lehman Bros. Holdings 6.50% (LEH F) PFD 524908720 14465 550000 SH Liberty Media SR CBTCS 8.75% (XKI) PFD 21988G593 3815 143300 SH Liberty Media SR PPLUS 8.75% (PIS) PFD 740434808 1192 44145 SH Lincoln National TR 7.65% (LNC V) PFD 534042205 1394 52300 SH MBNA TR 8.1% (KRB E) PFD 55270B201 3108 115900 SH MBNA TR 8.125% (KRB D) PFD 55266J200 5030 189800 SH Merrill Lynch Capital Trust V PFD 59021K205 441 16500 SH Mid-America Apartment Pr.H PFD 59522J806 34047 1300500 SH Mills Corp Pr.B PFD 601148208 32803 1233200 SH Mills Corp Pr.C PFD 601148307 13473 504600 SH Mills Corp. Pr.E PFD 601148406 11429 432100 SH Nat'l Rural Utils JR 7.4% (NRS) PFD 637432600 1298 48300 SH Nationwide Health Pr.P PFD 638620203 26005 342457 SH New Plan Excel Pr.D 7.8% PFD 648053700 2547 50100 SH Newcastle Investment Pr. B PFD 65105M207 7650 282800 SH Northern States Pwr SR 8% (XCH) PFD 665772794 1028 38200 SH Old Second TR 7.8% (OSBCP) PFD 680280104 972 90000 SH PS Business Parks Pr.A PFD 69360J305 816 32000 SH PS Business Parks Pr.D PFD 69360J503 21367 806300 SH PS Business Parks Pr.F PFD 69360J701 2875 108100 SH PSEG Funding TR 8.75% (PEG U) PFD 69361X204 4627 170100 SH PartnerRe ADR 6.75% (PRE C) PFD EP0081752 1638 65000 SH Post Properties Pr.A PFD 737464206 3371 60200 SH ProLogis Pr.C PFD 743410409 2097 37480 SH ProLogis Pr.D PFD 743410508 2033 80500 SH Protective Life TR 7.5% (PL S) PFD 69340M204 1110 42000 SH Puget Sound Energy TR 8.4% (PSD) PFD 74531W201 2071 77500 SH RAMCO-Gershenson Pr.B PFD 751452400 7673 275000 SH Realty Income Pr.B PFD 756109302 763 29400 SH Reckson Assoc Pr. A PFD 75621K205 2089 83400 SH RenaissanceRe ADR 7.3% (RNR B) PFD G7498P200 1756 65900 SH RenaissanceRe ADR 8.1% (RNR A) PFD G7496G202 831 30900 SH Sears SR 7% (SRJ) PFD 812404408 4241 166500 SH Sears SR 7.4% (SRL) PFD 812404507 594 22417 SH Shaw Comm TR 8.45% (SJR A) PFD 82028K606 3646 146092 SH Shaw Comm TR 8.5% (SJR B) PFD 82028K705 4332 173500 SH Simon Property Pr.F PFD 828806604 1499 55700 SH Southern Company TR 7.125% (SO D) PFD 84264C207 210 7800 SH Southwest Gas Capital TR 7.70% (SWX B) PFD 844891200 15708 600000 SH St. Paul TR 7.6% (SPC A) PFD 85231F207 3045 114130 SH Taubman Centers Pr.A PFD 876664202 18271 725600 SH Tel & Data SR 7.6% (TDA) PFD 879433878 4111 156000 SH Torchmark Capital I Pr.T PFD 89102Q201 1103 41000 SH United Dominion Pr.B PFD 910197300 935 35300 SH Urstadt Biddle Prop Pr.C PFD 917286304 8208 80000 SH Valley National TR 7.75% (VLY A) PFD 92856Q203 251 9300 SH Verizon New England SR 7% (KVZ) PFD 92344R201 316 11900 SH Verizon South SR 7% (VZC) PFD 92344J209 270 10200 SH Viacom SR 7.25% (RBV) PFD 925524407 436 16500 SH Virginia Power Capital Trust Pr. A PFD 928083203 1666 62061 SH Vodaphone/Centaur STOCK 9.08% (151327202) PFD 151327202 12803 11028 SH Vornado Realty Pr.B PFD 929042307 526 20400 SH Vornado Realty Trust Pr.C PFD 929042406 1344 52200 SH XL Capital ADR 7.625% (XL B) PFD 982553037 346 12800 SH Zions Bank TR 8% (ZB B) PFD 989703202 503 18600 SH iStar Fin'l Pr.D PFD 45031U408 5388 214300 SH iStar Financial Pr.E PFD 45031U507 11722 460600 SH iStar Financial Pr.F PFD 45031U606 10100 400000 SH REPORT SUMMARY 211 DATA RECORDS 9714284 Voting Authority ---------------- Put/ Invstmt Other Name of Issuer Call Dscretn Managers Sole Shared None - -------------- ---- ------- -------- ---- ------ ---- Acadia Realty Trust Sole 2411433 AMB Property Corp. Sole 1857290 100000 Alexanders Inc. Sole 12300 Amli Residential Sole 1095300 Apartment Investment Sole 4426117 75900 Archstone-Smith Tr. Sole 13318869 343200 Arden Realty Sole 9642940 240100 AvalonBay Comm. Sole 6360016 230300 BRE Properties Sole 1160332 63900 Boston Properties Sole 6327560 277200 Brandywine Realty Tr. Sole 5107300 Brookfield Properties Sole 5195745 277700 CBL & Associates Sole 2244028 78900 Camden Ppty Trust Sole 2591800 CarrAmerica Realty Sole 7370050 127400 Catellus Development Sole 6927854 353500 Colonial Property Tr Sole 2510900 Crescent Real Estate Sole 12033605 271000 Developers Divers. Sole 2802594 93100 Equity Office Pptys Sole 14390045 290500 Equity Residential Sole 4020422 149900 Essex Property Tr. Sole 1104623 58500 Federal Realty Inv. Sole 3485639 150600 First Industrial Rlty Sole 3885700 Gables Residential Tr Sole 3726900 General Growth Sole 1813010 75800 Glimcher Realty Tr Sole 4832000 Health Care Ppty Sole 4086100 Health Care REIT Sole 3789925 Heritage Property Investment Sole 2937400 Highwoods Properties Sole 4568600 Hilton Hotels Corp Sole 3375908 228600 Home Properties Sole 902500 Hospitality Pptys Tr Sole 1040600 Host Marriott Sole 12614965 768300 Innkeepers USA Sole 52300 Keystone Property Sole 2682500 Kilroy Realty Sole 3915064 163900 Kramont Realty Trust Sole 3198400 Liberty Property Tr Sole 5978669 48900 Macerich Sole 5978208 135000 Mack-Cali Realty Sole 6443117 73000 Maguire Properties Sole 6176900 127500 Meristar Hospitality Sole 100000 Mid-America Apartment Community Sole 1375100 Mills Corp Sole 6234792 147300 Mission West Sole 2331400 Nationwide Health Sole 5273100 New Plan Excel Rlty Sole 1716700 Newcastle Investment Corporation Sole 515400 Pan Pacific Sole 719323 42400 Pennsylvania REIT Sole 45100 Post Properties Sole 3332955 140300 Prentiss Properties Sole 5959852 85300 ProLogis Sole 7087322 325800 Public Storage Inc. Sole 1095862 59000 Public Storage-Series A Sole 826200 Ramco-Gershenson Sole 1306200 Reckson Assoc Sole 5230630 184500 Reckson Assoc B Sole 2065700 Regency Centers Corp Sole 982985 52800 Rouse Co. Sole 4534321 212200 SL Green Realty Sole 1529253 83500 Simon Property Group Sole 6724265 233100 Sovran Self Storage Sole 563900 Starwood Hotels Sole 4545787 290200 Summit Properties Sole 2692890 117100 Sun Communities Sole 1417550 75300 Taubman Centers Sole 3471845 168300 Town & Country Sole 173400 United Dominion Sole 303300 16700 Urstadt Biddle Class A Sole 780100 Ventas Inc. Sole 9396360 Vornado Realty Tr. Sole 8598214 282100 iStar Financial Sole 2406800 ACE Ltd. ADR 7.8% (ACE C) Sole 380400 AOL SR CABCO 7.625% (UYE) Sole 53200 AON JR SATURNS 7.5% (MJO) Sole 22528 ASBC TR 7.625% (ABW A) Sole 65300 Abbey Nat. ADR 7.375% (ANB B) Sole 130700 Abbey Nat. ADR 7.375% (ANB C) Sole 493264 Abbey Nat. ADR+ 7.625% (SXA) Sole 11800 Aetna Inc. SR 8.5% (AEF) Sole 23800 Agrium Inc. Sole 43300 Alexandria Real Est. Pr.B Sole 139300 Apartment Inv. Pr.D Sole 101794 Apartment Inv. Pr.G Sole 360900 Apartment Inv. Pr.Q Sole 109400 Apartment Inv. Pr.R Sole 1796900 Apartment Investments Pr.T Sole 120100 Bank of Amer. TR 7% (BAC X) Sole 11800 CBL & Assoc Prop 8.75% Pr.B Sole 492000 CBL & Assoc Prop Pr C Sole 500000 CarrAmerica Rlty Pr.B Sole 11333 CarrAmerica Rlty Pr.C Sole 232800 Carramerica Realty Corp. Pr.E Sole 411600 Chelsea Property Pr.A Sole 174765 Chittenden Corp TR 8% (CHZ A) Sole 13700 Colonial Cap Trust (CNB B) Sole 300000 Colonial Prop Pr.D Sole 506700 Colonial Properties Trust Sole 71900 Commercial Net Lease Pr.A Sole 219600 Compass Bank TR 7.35% (CBG C) Sole 8600 Corporate Office Prop Pr F Sole 46400 Countrywide Cap TR 6.75% (CFC A) Sole 74600 Cousins Property Pr.A Sole 661160 Crescent Real Estate Pr.A Sole 2797100 Crescent Real Estate Pr.B Sole 153700 Crown Amer. 11% Pfd Sole 290900 DaimlerChrys SR CBTCS 7.4% (XKX) Sole 34200 DaimlerChrys SR CORTS 7.875% (KCV) Sole 9600 DaimlerChrys SR CORTS 8% (KCN) Sole 10000 Developers Divers. Pr.F Sole 1311700 Developers Divers. Pr.G Sole 88700 Dominion CNG TR 7.8% (DMG A) Sole 78700 Energy East TR 8.25% (ECT) Sole 61000 Entergy Louisiana SR 7.6% (EHL) Sole 11900 Equity Office Pr.G Sole 16000 Everest Re TR 7.85% (RE A) Sole 12700 FMCC SR 7.375% (FCZ) Sole 88000 FMCC SR 7.6% (FCJ) Sole 39300 Federal Realty Pr.B Sole 380400 Felcor Lodging Pr.A Sole 322500 Felcor Lodging Pr.B Sole 837000 First Industrial Rlty Pr.D Sole 62400 First Industrial Rlty Pr.E Sole 12900 Fleet Boston TR 7.2% (FBF L) Sole 94800 Fleet Boston TR 7.2% (FBF M) Sole 87900 Ford Motor SR 7.5% (F A) Sole 172251 Ford Motor SR CORTS 7.4% (KSK) Sole 33000 Ford Motor SR CORTS 8% (KVU) Sole 125000 Ford Motor SR SATURNS 8.125% (DKL) Sole 32200 GMAC SR 7.25% (GKM) Sole 104900 Georgia Power TR 7.125% (GPE W) Sole 20200 Glimcher Realty Pr.F Sole 600000 Gulf Power TR 7.375% (GUP C) Sole 11199 HRPT Properties Pr.B Sole 970900 Health Care Ppty Pr.B Sole 148200 Health Care REIT Pr.D Sole 139000 Highwoods Prop. Pr.A Sole 46853 Highwoods Properties Pr.B Sole 49000 Highwoods Properties Pr.D Sole 179100 Home Properties Pr.F Sole 196000 Host Marriot Pr.A Sole 29600 Host Marriot Pr.B Sole 94400 Host Marriot Pr.C Sole 175500 Host Marriott Cv Pfd QUIP Sole 43800 ING Group JR 7.05% (IND) Sole 341600 ING Group JR 7.2% (INZ) Sole 165700 Innkeepers Pr.A Sole 479200 Keystone Property Pr.D Sole 529600 LTC Properties CV Pr.E Sole 362500 Laclede TR 7.7% (LG A) Sole 47400 Lasalle Hotel Prop Pr.A Sole 1226400 Lehman Bros. Holdings 6.50% (LEH F) Sole 550000 Liberty Media SR CBTCS 8.75% (XKI) Sole 143300 Liberty Media SR PPLUS 8.75% (PIS) Sole 44145 Lincoln National TR 7.65% (LNC V) Sole 52300 MBNA TR 8.1% (KRB E) Sole 115900 MBNA TR 8.125% (KRB D) Sole 189800 Merrill Lynch Capital Trust V Sole 16500 Mid-America Apartment Pr.H Sole 1300500 Mills Corp Pr.B Sole 1233200 Mills Corp Pr.C Sole 504600 Mills Corp. Pr.E Sole 432100 Nat'l Rural Utils JR 7.4% (NRS) Sole 48300 Nationwide Health Pr.P Sole 342457 New Plan Excel Pr.D 7.8% Sole 50100 Newcastle Investment Pr. B Sole 282800 Northern States Pwr SR 8% (XCH) Sole 38200 Old Second TR 7.8% (OSBCP) Sole 90000 PS Business Parks Pr.A Sole 32000 PS Business Parks Pr.D Sole 806300 PS Business Parks Pr.F Sole 108100 PSEG Funding TR 8.75% (PEG U) Sole 170100 PartnerRe ADR 6.75% (PRE C) Sole 65000 Post Properties Pr.A Sole 60200 ProLogis Pr.C Sole 37480 ProLogis Pr.D Sole 80500 Protective Life TR 7.5% (PL S) Sole 42000 Puget Sound Energy TR 8.4% (PSD) Sole 77500 RAMCO-Gershenson Pr.B Sole 275000 Realty Income Pr.B Sole 29400 Reckson Assoc Pr. A Sole 83400 RenaissanceRe ADR 7.3% (RNR B) Sole 65900 RenaissanceRe ADR 8.1% (RNR A) Sole 30900 Sears SR 7% (SRJ) Sole 166500 Sears SR 7.4% (SRL) Sole 22417 Shaw Comm TR 8.45% (SJR A) Sole 146092 Shaw Comm TR 8.5% (SJR B) Sole 173500 Simon Property Pr.F Sole 55700 Southern Company TR 7.125% (SO D) Sole 7800 Southwest Gas Capital TR 7.70% (SWX B) Sole 600000 St. Paul TR 7.6% (SPC A) Sole 114130 Taubman Centers Pr.A Sole 725600 Tel & Data SR 7.6% (TDA) Sole 156000 Torchmark Capital I Pr.T Sole 41000 United Dominion Pr.B Sole 35300 Urstadt Biddle Prop Pr.C Sole 80000 Valley National TR 7.75% (VLY A) Sole 9300 Verizon New England SR 7% (KVZ) Sole 11900 Verizon South SR 7% (VZC) Sole 10200 Viacom SR 7.25% (RBV) Sole 16500 Virginia Power Capital Trust Pr. A Sole 62061 Vodaphone/Centaur STOCK 9.08% (151327202) Sole 11028 Vornado Realty Pr.B Sole 20400 Vornado Realty Trust Pr.C Sole 52200 XL Capital ADR 7.625% (XL B) Sole 12800 Zions Bank TR 8% (ZB B) Sole 18600 iStar Fin'l Pr.D Sole 214300 iStar Financial Pr.E Sole 460600 iStar Financial Pr.F Sole 400000 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED -----END PRIVACY-ENHANCED MESSAGE-----