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
Alexandria Real Estate Equitie	COM	015271109	224,561	2,290,500	SH		SOLE		867,500	0	1,423,000
American Electric Power Co. In	COM	025537101	703	12,500	SH		SOLE		12,500	0	0
American Realty Capital Proper	COM	02917T104	267,118	27,118,587	SH		SOLE		13,126,754	0	13,991,833
American Residential Propertie	COM	02927E303	19,089	1,061,097	SH		SOLE		560,197	0	500,900
Apartment Investment and Manag	COM	03748R101	24,998	635,100	SH		SOLE		617,900	0	17,200
Assoc. Estates Realty	COM	045604105	17,249	698,900	SH		SOLE		680,000	0	18,900
AvalonBay Communities Inc.	COM	053484101	531,518	3,050,319	SH		SOLE		1,275,273	0	1,775,046
Aviv REIT Inc	COM	05381L101	383	10,500	SH		SOLE		10,500	0	0
Biomed Realty Trust Inc.	COM	09063H107	34,299	1,513,638	SH		SOLE		800,600	0	713,038
Boardwalk Pipeline Partners L.	COM	096627104	6,904	428,829	SH		SOLE		428,829	0	0
Boston Properties Inc.	COM	101121101	337,858	2,405,027	SH		SOLE		993,764	0	1,411,263
Brandywine Realty Trust SBI	COM	105368203	202,654	12,681,711	SH		SOLE		8,103,926	0	4,577,785
Buckeye Partners L.P.	COM	118230101	14,084	186,500	SH		SOLE		186,500	0	0
Camden Property Trust	COM	133131102	48,253	617,600	SH		SOLE		149,900	0	467,700
CBL and Associates Properties	COM	124830100	91,112	4,601,632	SH		SOLE		2,889,832	0	1,711,800
Chatham Lodging Trust	COM	16208T102	11,579	393,700	SH		SOLE		368,400	0	25,300
Columbia Pipeline Partners LP	COM	198281107	3,825	138,137	SH		SOLE		138,137	0	0
Cone Midstream Partners LP	COM	206812109	8,539	490,477	SH		SOLE		490,477	0	0
Corrections Corp of America	COM	22025Y407	36,085	896,300	SH		SOLE		171,900	0	724,400
Cousins Properties Inc.	COM	222795106	8,178	771,544	SH		SOLE		771,544	0	0
CrossAmerica Partners LP	COM	22758A105	7,339	225,551	SH		SOLE		225,551	0	0
Crown Castle International Cor	COM	22822V101	3,863	46,801	SH		SOLE		46,801	0	0
CSX Corporation	COM	126408103	1,814	54,767	SH		SOLE		54,767	0	0
CubeSmart	COM	229663109	85,099	3,523,778	SH		SOLE		1,591,300	0	1,932,478
DCP Midstream Partners L.P.	COM	23311P100	4,780	129,352	SH		SOLE		129,352	0	0
DCT Industrial Trust	COM	233153204	189,882	5,478,408	SH		SOLE		3,023,373	0	2,455,035
DDR Corp.	COM	23317H102	320,536	17,214,625	SH		SOLE		7,986,339	0	9,228,286
Delek Logistics Partners	COM	24664T103	9,233	212,101	SH		SOLE		212,101	0	0
Diamondrock Hospitality	COM	252784301	625	44,200	SH		SOLE		0	0	44,200
Digital Realty Trust Inc.	COM	253868103	52,586	797,237	SH		SOLE		385,180	0	412,057
Dominion Resources Inc. (Virgi	COM	25746U109	1,431	20,198	SH		SOLE		20,198	0	0
Douglas Emmett Inc.	COM	25960P109	230,129	7,719,858	SH		SOLE		4,308,258	0	3,411,600
DTE Energy Co.	COM	233331107	983	12,184	SH		SOLE		12,184	0	0
Duke Realty Corporation	COM	264411505	272,457	12,515,231	SH		SOLE		6,100,931	0	6,414,300
Edison International	COM	281020107	994	15,909	SH		SOLE		15,909	0	0
Energy Transfer Equity L.P.	COM	29273V100	14,142	223,204	SH		SOLE		223,204	0	0
Energy Transfer Partners L.P.	COM	29273R109	23,165	415,513	SH		SOLE		415,513	0	0
EnLink Midstream Partners LP	COM	29336U107	13,739	555,345	SH		SOLE		555,345	0	0
Enterprise Products Partners L	COM	293792107	31,208	947,704	SH		SOLE		947,704	0	0
EPR Properties	COM	26884U109	46,253	770,502	SH		SOLE		411,102	0	359,400
EQT Midstream Partners, L.P.	COM	26885B100	10,139	130,550	SH		SOLE		130,550	0	0
Equity Residential	COM	29476L107	880,476	11,308,455	SH		SOLE		6,011,967	0	5,296,488
Essex Property Trust Inc.	COM	297178105	419,152	1,823,194	SH		SOLE		745,634	0	1,077,560
Eversource Energy	COM	30040W108	1,135	22,472	SH		SOLE		22,472	0	0
Exelon Corp.	COM	30161N101	1,112	33,098	SH		SOLE		33,098	0	0
Federal Realty Investment Trus	COM	313747206	21,022	142,800	SH		SOLE		133,100	0	9,700
First Industrial Realty Trust	COM	32054K103	16,907	788,953	SH		SOLE		753,153	0	35,800
Forest City Cl. A	COM	345550107	39,824	1,560,500	SH		SOLE		668,900	0	891,600
General Growth Properties	COM	370023103	596,258	20,177,951	SH		SOLE		10,098,933	0	10,079,018
Genesis Energy L.P.	COM	371927104	14,692	312,600	SH		SOLE		312,600	0	0
Golar LNG Partners LP	COM	Y2745C102	6,379	237,227	SH		SOLE		237,227	0	0
HCP Inc.	COM	40414L109	48,481	1,121,987	SH		SOLE		283,716	0	838,271
Health Care REIT Inc.	COM	42217K106	813,049	10,509,947	SH		SOLE		5,299,343	0	5,210,604
HealthCare Realty Trust	COM	421946104	214,053	7,705,275	SH		SOLE		3,817,153	0	3,888,122
Healthcare Trust of America In	COM	42225P501	159,560	5,727,220	SH		SOLE		2,910,750	0	2,816,470
Hersha Hospitality Trust	COM	427825104	336	51,900	SH		SOLE		51,900	0	0
Highwoods Properties Inc.	COM	431284108	211,920	4,629,095	SH		SOLE		1,816,358	0	2,812,737
Home Properties Inc.	COM	437306103	28,139	406,100	SH		SOLE		391,700	0	14,400
Hospitality Properties Trust	COM	44106M102	10,821	328,000	SH		SOLE		38,000	0	290,000
Host Hotels & Resorts Inc.	COM	44107P104	470,609	23,320,545	SH		SOLE		11,285,492	0	12,035,053
ITC Holdings Corp.	COM	465685105	1,003	26,800	SH		SOLE		26,800	0	0
Kilroy Realty Corp.	COM	49427F108	418,288	5,491,509	SH		SOLE		2,847,209	0	2,644,300
Kimco Realty Corp.	COM	49446R109	405,478	15,101,587	SH		SOLE		7,523,767	0	7,577,820
Kite Realty Group Trust	COM	49803T300	39,151	1,389,800	SH		SOLE		772,700	0	617,100
LaSalle Hotels and Properties	COM	517942108	16,368	421,200	SH		SOLE		421,200	0	0
Lexington Corporate Properties	COM	529043101	13,791	1,403,000	SH		SOLE		274,800	0	1,128,200
Liberty Property Trust	COM	531172104	267,069	7,480,938	SH		SOLE		4,027,109	0	3,453,829
Macerich Co.	COM	554382101	249,994	2,964,469	SH		SOLE		1,425,409	0	1,539,060
Magellan Midstream Partners L.	COM	559080106	3,601	46,947	SH		SOLE		46,947	0	0
MarkWest Energy Partners, L.P.	COM	570759100	8,081	122,257	SH		SOLE		122,257	0	0
Martin Midstream Partners L.P.	COM	573331105	8,093	228,350	SH		SOLE		228,350	0	0
Medical Properties Trust	COM	58463J304	13,405	909,400	SH		SOLE		879,100	0	30,300
Monogram Residential Trust, In	COM	60979P105	8,129	872,200	SH		SOLE		872,200	0	0
National Retail Properties Onc	COM	637417106	332	8,100	SH		SOLE		8,100	0	0
New York REIT, Inc	COM	64976L109	2,335	222,790	SH		SOLE		161,190	0	61,600
Nextera Energy Inc	COM	65339F101	1,725	16,580	SH		SOLE		16,580	0	0
NGL Energy Partners LP	COM	62913M107	9,167	349,491	SH		SOLE		349,491	0	0
NiSource Inc.	COM	65473P105	968	21,919	SH		SOLE		21,919	0	0
NuSTAR Energy L.P.	COM	67058H102	16,868	277,893	SH		SOLE		277,893	0	0
NuSTAR GP Holdings LLC	COM	67059L102	5,105	144,197	SH		SOLE		144,197	0	0
OGE Energy Corp.	COM	670837103	620	19,600	SH		SOLE		19,600	0	0
Omega Healthcare Investors	COM	681936100	1,059	26,100	SH		SOLE		26,100	0	0
Paramount Group Inc	COM	69924R108	216,810	11,233,700	SH		SOLE		6,227,300	0	5,006,400
Pattern Energy Group Inc.	COM	70338P100	1,138	40,191	SH		SOLE		40,191	0	0
Pebblebrook Hotel Trust	COM	70509V100	99,431	2,135,081	SH		SOLE		831,600	0	1,303,481
Pennsylvania Real Estate	COM	709102107	46,360	1,995,700	SH		SOLE		1,852,100	0	143,600
Plains All American Pipeline,	COM	726503105	3,475	71,254	SH		SOLE		71,254	0	0
Plains GP Holdings	COM	72651A108	8,156	287,486	SH		SOLE		287,486	0	0
Post Properties Inc.	COM	737464107	230,990	4,057,447	SH		SOLE		2,345,140	0	1,712,307
PPL Corp.	COM	69351T106	825	24,500	SH		SOLE		24,500	0	0
ProLogis Inc.	COM	74340W103	568,537	13,051,809	SH		SOLE		5,683,001	0	7,368,808
Public Storage	COM	74460D109	315,169	1,598,705	SH		SOLE		678,193	0	920,512
QEP Midstream Partners LP	COM	74735R115	3,580	228,300	SH		SOLE		228,300	0	0
QTS Realty Trust Inc	COM	74736A103	26,543	729,000	SH		SOLE		347,600	0	381,400
Ramco Gershenson Properties Tr	COM	751452202	79,017	4,248,238	SH		SOLE		1,566,400	0	2,681,838
Regency Centers Corporation	COM	758849103	66,180	972,661	SH		SOLE		248,825	0	723,836
Regency Energy Partners L.P.	COM	75885Y107	9,226	403,400	SH		SOLE		403,400	0	0
RLJ Lodging Trust	COM	74965L101	42,813	1,367,400	SH		SOLE		303,600	0	1,063,800
Rose Rock Midstream LP	COM	777149105	9,353	196,910	SH		SOLE		196,910	0	0
SBA Communications Corp.	COM	78388J106	581	4,961	SH		SOLE		4,961	0	0
Seadrill Partners LLC	COM	Y7545W109	5,223	444,550	SH		SOLE		444,550	0	0
Semgroup Corp.	COM	81663A105	1,322	16,249	SH		SOLE		16,249	0	0
Sempra Energy	COM	816851109	1,265	11,605	SH		SOLE		11,605	0	0
Senior Housing Properties Trus	COM	81721M109	44,373	1,999,700	SH		SOLE		1,032,600	0	967,100
Simon Property Group Inc.	COM	828806109	1,129,338	5,772,529	SH		SOLE		2,597,782	0	3,174,747
SL Green Realty Corp.	COM	78440X101	514,318	4,006,214	SH		SOLE		2,038,047	0	1,968,167
Spirit Realty Capital Inc.	COM	84860W102	333,791	27,631,687	SH		SOLE		15,526,887	0	12,104,800
Starwood Hotels and Resorts Wo	COM	85590A401	19,656	235,400	SH		SOLE		235,400	0	0
Strategic Hotels & Resorts, In	COM	86272T106	208,488	16,772,940	SH		SOLE		9,234,140	0	7,538,800
Summit Midstream Partners LP	COM	866142102	11,568	359,586	SH		SOLE		359,586	0	0
Sun Communities Inc.	COM	866674104	121,279	1,817,731	SH		SOLE		701,460	0	1,116,271
Sunoco Logistics Partners L.P.	COM	86764L108	18,934	458,012	SH		SOLE		458,012	0	0
Sunstone Hotel Investors Inc.	COM	867892101	164,854	9,889,290	SH		SOLE		4,940,578	0	4,948,712
Tallgrass Energy Partners LP	COM	874697105	6,862	135,700	SH		SOLE		135,700	0	0
Tanger Factory Outlet Centers	COM	875465106	34,805	989,636	SH		SOLE		520,932	0	468,704
Targa Resources Partners L.P.	COM	87611X105	6,112	147,767	SH		SOLE		147,767	0	0
Taubman Centers Inc.	COM	876664103	214,859	2,785,674	SH		SOLE		1,482,885	0	1,302,789
Tesoro Logistics LP	COM	88160T107	12,909	239,940	SH		SOLE		239,940	0	0
UDR Inc.	COM	902653104	488,250	14,347,647	SH		SOLE		6,905,054	0	7,442,593
Union Pacific Corp	COM	907818108	1,724	15,918	SH		SOLE		15,918	0	0
Urban Edge Properties	COM	91704F104	24,197	1,020,973	SH		SOLE		432,344	0	588,629
Valero Energy Partners LP	COM	91914J102	6,764	139,750	SH		SOLE		139,750	0	0
Ventas Inc.	COM	92276F100	50,524	691,922	SH		SOLE		148,822	0	543,100
Vornado Realty Trust	COM	929042109	474,406	4,235,764	SH		SOLE		1,866,300	0	2,369,464
VTTI Energy Partners LP	COM	Y9384M101	10,297	414,871	SH		SOLE		414,871	0	0
Western Gas Partners LP	COM	958254104	8,416	127,800	SH		SOLE		127,800	0	0
Williams Partners LP	COM	96949L105	22,772	462,662	SH		SOLE		462,662	0	0
WP Glimcher Inc	COM	92939N102	13,538	814,041	SH		SOLE		638,769	0	175,272
Sunstone Hotels 8.00% Series D	PFD	867892507	726	27,800	SH		SOLE		27,800	0	0