Cbre Clarion Securities 13F-HR Quarterly holdings report by institutional manager

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
Expires:	Oct 31, 2018
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
Access Midstream Partners LP	COM	00434L109	706	12,276	SH		SOLE		12,276	0	0
Ameren Corp.	COM	023608102	569	13,800	SH		SOLE		13,800	0	0
American Electric Power Co. In	COM	025537101	970	19,150	SH		SOLE		19,150	0	0
American Homes 4 Rent	COM	02665T306	51,463	3,079,767	SH		SOLE		2,227,167	0	852,600
American Realty Capital Proper	COM	02917T104	44,630	3,183,314	SH		SOLE		638,681	0	2,544,633
American Residential Propertie	COM	02927E303	34,929	1,942,655	SH		SOLE		1,450,955	0	491,700
American Tower Corp.	COM	03027X100	1,463	17,870	SH		SOLE		17,870	0	0
American Water Works Co.	COM	030420103	989	21,780	SH		SOLE		21,780	0	0
AvalonBay Communities Inc.	COM	053484101	363,505	2,768,086	SH		SOLE		1,304,768	0	1,463,318
Aviv REIT Inc	COM	05381L101	1,443	59,000	SH		SOLE		59,000	0	0
Biomed Realty Trust Inc.	COM	09063H107	193,711	9,453,950	SH		SOLE		4,463,200	0	4,990,750
Boston Properties Inc.	COM	101121101	367,222	3,206,335	SH		SOLE		1,373,092	0	1,833,243
Brandywine Realty Trust SBI	COM	105368203	189,910	13,133,461	SH		SOLE		8,311,376	0	4,822,085
BRE Properties Inc.	COM	05564E106	331,395	5,278,670	SH		SOLE		2,401,854	0	2,876,816
Brixmor Property Group	COM	11120U105	128,008	6,001,300	SH		SOLE		3,496,400	0	2,504,900
Camden Property Trust	COM	133131102	52,391	778,000	SH		SOLE		766,300	0	11,700
CBL and Associates Properties	COM	124830100	11,833	666,632	SH		SOLE		666,632	0	0
CMS Energy Corporation	COM	125896100	760	25,940	SH		SOLE		25,940	0	0
Commonwealth REIT	COM	203233101	4,963	188,700	SH		SOLE		161,557	0	27,143
Cousins Properties Inc.	COM	222795106	53,298	4,646,720	SH		SOLE		2,378,980	0	2,267,740
CSX Corporation	COM	126408103	550	18,990	SH		SOLE		18,990	0	0
CubeSmart	COM	229663109	17,323	1,009,478	SH		SOLE		246,600	0	762,878
DCP Midstream Partners L.P.	COM	23311P100	944	18,849	SH		SOLE		18,849	0	0
DCT Industrial Trust	COM	233153105	125,599	15,938,960	SH		SOLE		7,162,120	0	8,776,840
DDR Corp.	COM	23317H102	253,668	15,392,466	SH		SOLE		6,951,906	0	8,440,560
Digital Realty Trust Inc.	COM	253868103	19,990	376,597	SH		SOLE		92,840	0	283,757
Dominion Resources Inc. (Virgi	COM	25746U109	1,659	23,372	SH		SOLE		23,372	0	0
Douglas Emmett Inc.	COM	25960P109	258,336	9,518,643	SH		SOLE		5,370,643	0	4,148,000
Duke Realty Corporation	COM	264411505	251,782	14,916,008	SH		SOLE		6,517,508	0	8,398,500
Energy Transfer Equity L.P.	COM	29273V100	733	15,680	SH		SOLE		15,680	0	0
Energy Transfer Partners L.P.	COM	29273R109	200	3,718	SH		SOLE		3,718	0	0
EnLink Midstream Partners LP	COM	29336U107	1,001	32,904	SH		SOLE		32,904	0	0
Enterprise Products Partners L	COM	293792107	1,299	18,723	SH		SOLE		18,723	0	0
EPR Properties	COM	26884U109	43,379	812,500	SH		SOLE		413,100	0	399,400
Equity Residential	COM	29476L107	534,304	9,213,733	SH		SOLE		4,073,964	0	5,139,769
Essex Property Trust Inc.	COM	297178105	163,878	963,706	SH		SOLE		352,616	0	611,090
Extended Stay America, Inc.	COM	30224P200	38,588	1,694,688	SH		SOLE		760,400	0	934,288
Federal Realty Investment Trus	COM	313747206	71,355	621,989	SH		SOLE		236,948	0	385,041
First Industrial Realty Trust	COM	32054K103	15,976	826,900	SH		SOLE		703,500	0	123,400
Forest City Cl. A	COM	345550107	2,351	123,100	SH		SOLE		68,700	0	54,400
General Growth Properties	COM	370023103	377,198	17,145,378	SH		SOLE		7,760,532	0	9,384,846
HCP Inc.	COM	40414L109	115,394	2,974,839	SH		SOLE		1,209,839	0	1,765,000
Health Care REIT Inc.	COM	42217K106	455,978	7,650,637	SH		SOLE		3,460,486	0	4,190,151
HealthCare Realty Trust	COM	421946104	179,027	7,413,135	SH		SOLE		3,709,213	0	3,703,922
Healthcare Trust of America In	COM	42225P105	82,695	7,260,340	SH		SOLE		3,373,300	0	3,887,040
Hersha Hospitality Trust	COM	427825104	1,020	175,000	SH		SOLE		175,000	0	0
Highwoods Properties Inc.	COM	431284108	235,516	6,131,644	SH		SOLE		2,631,817	0	3,499,827
Hilton Worldwide Holdings Inc.	COM	43300A104	191,466	8,609,100	SH		SOLE		4,827,700	0	3,781,400
Home Properties Inc.	COM	437306103	13,142	218,600	SH		SOLE		205,800	0	12,800
Hospitality Properties Trust	COM	44106M102	13,906	484,200	SH		SOLE		144,200	0	340,000
Host Hotels & Resorts Inc.	COM	44107P104	710,675	35,112,381	SH		SOLE		17,498,666	0	17,613,715
Kilroy Realty Corp.	COM	49427F108	390,563	6,667,180	SH		SOLE		3,570,780	0	3,096,400
Kimco Realty Corp.	COM	49446R109	220,715	10,087,525	SH		SOLE		4,086,955	0	6,000,570
LaSalle Hotels and Properties	COM	517942108	4,302	137,400	SH		SOLE		137,400	0	0
Lexington Corporate Properties	COM	529043101	133,216	12,210,460	SH		SOLE		5,687,660	0	6,522,800
Liberty Property Trust	COM	531172104	440,886	11,928,721	SH		SOLE		6,416,918	0	5,511,803
Macerich Co.	COM	554382101	430,838	6,912,212	SH		SOLE		3,476,984	0	3,435,228
Mack-Cali Realty Corp.	COM	554489104	376	18,100	SH		SOLE		12,500	0	5,600
Magellan Midstream Partners L.	COM	559080106	289	4,147	SH		SOLE		4,147	0	0
National Retail Properties Onc	COM	637417106	580	16,900	SH		SOLE		16,900	0	0
Nextera Energy Inc	COM	65339F101	831	8,690	SH		SOLE		8,690	0	0
NiSource Inc.	COM	65473P105	683	19,210	SH		SOLE		19,210	0	0
Northeast Utilities	COM	664397106	1,022	22,460	SH		SOLE		22,460	0	0
Omega Healthcare Investors	COM	681936100	31,675	944,970	SH		SOLE		944,970	0	0
One Gas Inc.	COM	68235P108	704	19,587	SH		SOLE		19,587	0	0
ONEOK Inc.	COM	682680103	1,315	22,198	SH		SOLE		22,198	0	0
Pattern Energy Group Inc.	COM	70338P100	655	24,154	SH		SOLE		24,154	0	0
Pebblebrook Hotel Trust	COM	70509V100	77,924	2,307,481	SH		SOLE		971,400	0	1,336,081
Plains All American Pipeline,	COM	726503105	1,640	29,746	SH		SOLE		29,746	0	0
Post Properties Inc.	COM	737464107	196,237	3,996,672	SH		SOLE		2,154,765	0	1,841,907
ProLogis Inc.	COM	74340W103	618,542	15,149,214	SH		SOLE		7,617,656	0	7,531,558
Public Storage	COM	74460D109	275,921	1,637,613	SH		SOLE		657,243	0	980,370
Ramco Gershenson Properties Tr	COM	751452202	55,002	3,374,338	SH		SOLE		1,243,700	0	2,130,638
Realty Income Corp	COM	756109104	46,347	1,134,300	SH		SOLE		312,500	0	821,800
Regency Centers Corporation	COM	758849103	65,309	1,279,061	SH		SOLE		676,225	0	602,836
Retail Properties of America,	COM	76131V202	15,165	1,120,000	SH		SOLE		1,120,000	0	0
Rouse Properties Inc.	COM	779287101	28,129	1,631,586	SH		SOLE		1,631,586	0	0
SBA Communications Corp.	COM	78388J106	1,334	14,670	SH		SOLE		14,670	0	0
Semgroup Corp.	COM	81663A105	565	8,600	SH		SOLE		8,600	0	0
Senior Housing Properties Trus	COM	81721M109	79,555	3,540,500	SH		SOLE		1,324,100	0	2,216,400
Simon Property Group Inc.	COM	828806109	938,939	5,725,240	SH		SOLE		2,309,842	0	3,415,398
SL Green Realty Corp.	COM	78440X101	457,711	4,548,910	SH		SOLE		2,373,668	0	2,175,242
Spirit Realty Capital Inc.	COM	84860W102	218,319	19,883,378	SH		SOLE		10,462,178	0	9,421,200
Starwood Hotels and Resorts Wo	COM	85590A401	146,589	1,841,575	SH		SOLE		1,156,175	0	685,400
Strategic Hotels & Resorts, In	COM	86272T106	164,619	16,154,927	SH		SOLE		8,796,697	0	7,358,230
Sun Communities Inc.	COM	866674104	47,537	1,054,277	SH		SOLE		549,881	0	504,396
Sunoco Logistics Partners L.P.	COM	86764L108	936	10,303	SH		SOLE		10,303	0	0
Sunstone Hotel Investors Inc.	COM	867892101	134,827	9,819,860	SH		SOLE		4,908,780	0	4,911,080
Tanger Factory Outlet Centers	COM	875465106	65,504	1,871,546	SH		SOLE		833,642	0	1,037,904
Targa Resources Corp.	COM	87612G101	553	5,568	SH		SOLE		5,568	0	0
Taubman Centers Inc.	COM	876664103	195,407	2,760,380	SH		SOLE		1,143,257	0	1,617,123
UDR Inc.	COM	902653104	520,074	20,134,502	SH		SOLE		10,138,350	0	9,996,152
Union Pacific Corp	COM	907818108	2,471	13,170	SH		SOLE		13,170	0	0
Ventas Inc.	COM	92276F100	163,312	2,696,258	SH		SOLE		693,863	0	2,002,395
Vornado Realty Trust	COM	929042109	461,627	4,683,714	SH		SOLE		2,144,187	0	2,539,527
Washington REIT	COM	939653101	1,024	42,900	SH		SOLE		42,900	0	0
Weyerhaeuser Co.	COM	962166104	68,840	2,345,500	SH		SOLE		778,400	0	1,567,100
William Lyon Homes	COM	552074700	7,535	272,900	SH		SOLE		272,900	0	0
Williams Cos.	COM	969457100	1,273	31,365	SH		SOLE		31,365	0	0
Sunstone Hotels 8.00% Series D	CV 8% CUM PFD-D	867892507	2,059	80,100	SH		SOLE		80,100	0	0
Taubman Centers 6.25% Series K	PFD SER K	876664707	1,664	73,100	SH		SOLE		73,100	0	0