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	252,994	2,799,846	SH		SOLE	1	1,392,046	0	1,407,800
American Electric Power Co. In	COM	025537101	1,043	17,900	SH		SOLE		17,900	0	0
American Residential Propertie	COM	02927E303	13,227	699,844	SH		SOLE	1	115,444	0	584,400
American Tower Corp.	COM	03027X100	1,241	12,800	SH		SOLE		12,800	0	0
AvalonBay Communities Inc.	COM	053484101	539,470	2,929,834	SH		SOLE	1	1,318,958	0	1,610,876
Avangrid Inc	COM	05351W103	461	12,000	SH		SOLE		12,000	0	0
Boardwalk Pipeline Partners L.	COM	096627104	6,954	535,730	SH		SOLE	1	535,730	0	0
Boston Properties Inc.	COM	101121101	428,865	3,362,594	SH		SOLE	1	1,514,911	0	1,847,683
Brandywine Realty Trust SBI	COM	105368203	53,400	3,909,251	SH		SOLE		2,137,251	0	1,772,000
California Water Service Group	COM	130788102	468	20,100	SH		SOLE		20,100	0	0
Columbia Pipeline Partners LP	COM	198281107	8,100	463,400	SH		SOLE		463,400	0	0
Cone Midstream Partners LP	COM	206812109	5,114	519,142	SH		SOLE		519,142	0	0
Crestwood Equity Partners LP	COM	226344208	2,463	118,510	SH		SOLE		118,510	0	0
Crown Castle International Cor	COM	22822V101	3,011	34,835	SH		SOLE		34,835	0	0
CubeSmart	COM	229663109	87,302	2,851,143	SH		SOLE	1	1,216,165	0	1,634,978
DCT Industrial Trust	COM	233153204	267,196	7,150,009	SH		SOLE	1	4,480,349	0	2,669,660
DDR Corp.	COM	23317H102	277,184	16,459,879	SH		SOLE	1	8,006,179	0	8,453,700
Delek Logistics Partners	COM	24664T103	5,457	152,887	SH		SOLE		152,887	0	0
Diamondrock Hospitality	COM	252784301	26,846	2,781,926	SH		SOLE		667,226	0	2,114,700
Digital Realty Trust Inc.	COM	253868103	321,763	4,255,003	SH		SOLE	1	2,188,858	0	2,066,145
Dominion Midstream	COM	257454108	4,590	149,700	SH		SOLE		149,700	0	0
Dominion Resources Inc. (Virgi	COM	25746U109	1,630	24,098	SH		SOLE		24,098	0	0
Douglas Emmett Inc.	COM	25960P109	173,841	5,575,416	SH		SOLE	1	3,042,816	0	2,532,600
DTE Energy Co.	COM	233331107	1,979	24,684	SH		SOLE		24,684	0	0
Duke Realty Corporation	COM	264411505	59,436	2,827,576	SH		SOLE	1	642,976	0	2,184,600
Edison International	COM	281020107	1,214	20,509	SH		SOLE		20,509	0	0
Energy Transfer Partners L.P.	COM	29273R109	21,230	629,424	SH		SOLE		629,424	0	0
EnLink Midstream Partners LP	COM	29336U107	2,188	131,937	SH		SOLE		131,937	0	0
Enterprise Products Partners L	COM	293792107	20,377	796,595	SH		SOLE		796,595	0	0
EQT Midstream Partners, L.P.	COM	26885B100	12,539	166,164	SH		SOLE		166,164	0	0
Equinix Inc	COM	29444U700	179,808	594,604	SH		SOLE	1	233,729	0	360,875
Equity Residential	COM	29476L107	937,656	11,492,296	SH		SOLE	1	6,147,447	0	5,344,849
Essex Property Trust Inc.	COM	297178105	387,638	1,619,139	SH		SOLE	1	722,287	0	896,852
Eversource Energy	COM	30040W108	1,051	20,572	SH		SOLE		20,572	0	0
Exelon Corp.	COM	30161N101	1,947	70,098	SH		SOLE		70,098	0	0
General Growth Properties	COM	370023103	596,171	21,909,988	SH		SOLE	1	10,663,558	0	11,246,430
Genesis Energy L.P.	COM	371927104	10,147	276,175	SH		SOLE		276,175	0	0
HealthCare Realty Trust	COM	421946104	195,013	6,886,050	SH		SOLE	1	3,667,928	0	3,218,122
Healthcare Trust of America In	COM	42225P501	118,911	4,409,007	SH		SOLE	1	1,995,387	0	2,413,620
Highwoods Properties Inc.	COM	431284108	177,446	4,069,851	SH		SOLE	1	1,876,114	0	2,193,737
Host Hotels & Resorts Inc.	COM	44107P104	365,560	23,830,538	SH		SOLE	1	12,229,785	0	11,600,753
ITC Holdings Corp.	COM	465685105	969	24,700	SH		SOLE		24,700	0	0
Kilroy Realty Corp.	COM	49427F108	330,478	5,222,468	SH		SOLE	1	2,732,368	0	2,490,100
Kimco Realty Corp.	COM	49446R109	435,433	16,456,279	SH		SOLE	1	9,003,849	0	7,452,430
Kite Realty Group Trust	COM	49803T300	40,617	1,566,413	SH		SOLE	1	793,113	0	773,300
LaSalle Hotel Properties	COM	517942108	36,001	1,430,899	SH		SOLE		1,379,199	0	51,700
Liberty Property Trust	COM	531172104	109,178	3,516,200	SH		SOLE		2,505,800	0	1,010,400
Macerich Co.	COM	554382101	33,139	410,697	SH		SOLE		294,018	0	116,679
Magellan Midstream Partners L.	COM	559080106	18,840	277,380	SH		SOLE		277,380	0	0
MPLX LP	COM	55336V100	12,237	311,138	SH		SOLE		311,138	0	0
New York REIT, Inc	COM	64976L109	148	12,900	SH		SOLE		12,900	0	0
Nextera Energy Inc	COM	65339F101	1,660	15,980	SH		SOLE		15,980	0	0
NextEra Energy Partners LP	COM	65341B106	621	20,800	SH		SOLE		20,800	0	0
NiSource Inc.	COM	65473P105	997	51,119	SH		SOLE		51,119	0	0
Norfolk Southern Corp	COM	655844108	1,548	18,300	SH		SOLE		18,300	0	0
NRG Yield, Inc. Class A	COM	62942X306	561	40,300	SH		SOLE		40,300	0	0
Paramount Group Inc	COM	69924R108	185,921	10,271,888	SH		SOLE	1	6,105,788	0	4,166,100
Pebblebrook Hotel Trust	COM	70509V100	173,421	6,189,182	SH		SOLE	1	3,184,135	0	3,005,047
Pennsylvania Real Estate	COM	709102107	82,653	3,779,298	SH		SOLE	1	2,606,998	0	1,172,300
PG&E Corp.	COM	69331C108	1,213	22,800	SH		SOLE		22,800	0	0
Plains All American Pipeline,	COM	726503105	6,198	268,299	SH		SOLE		268,299	0	0
Post Properties Inc.	COM	737464107	167,334	2,828,499	SH		SOLE	1	1,722,792	0	1,105,707
PPL Corp.	COM	69351T106	717	21,000	SH		SOLE		21,000	0	0
ProLogis Inc.	COM	74340W103	577,890	13,464,362	SH		SOLE	1	6,713,403	0	6,750,959
Public Storage	COM	74460D109	556,172	2,245,344	SH		SOLE	1	961,868	0	1,283,476
QTS Realty Trust Inc	COM	74736A103	56,416	1,250,640	SH		SOLE	1	570,132	0	680,508
Ramco Gershenson Properties Tr	COM	751452202	28,963	1,743,688	SH		SOLE	1	390,850	0	1,352,838
Regency Centers Corporation	COM	758849103	85,718	1,258,336	SH		SOLE	1	501,300	0	757,036
Rose Rock Midstream LP	COM	777149105	1,124	74,736	SH		SOLE		74,736	0	0
Semgroup Corp.	COM	81663A105	2,691	93,228	SH		SOLE		93,228	0	0
Sempra Energy	COM	816851109	1,006	10,705	SH		SOLE		10,705	0	0
Simon Property Group Inc.	COM	828806109	1,253,891	6,448,732	SH		SOLE	1	3,027,008	0	3,421,724
SL Green Realty Corp.	COM	78440X101	488,199	4,321,106	SH		SOLE	1	2,407,376	0	1,913,730
Spirit Realty Capital Inc.	COM	84860W102	236,954	23,648,129	SH		SOLE	1	11,711,629	0	11,936,500
Summit Midstream Partners LP	COM	866142102	5,223	278,837	SH		SOLE		278,837	0	0
Sun Communities Inc.	COM	866674104	121,716	1,776,098	SH		SOLE	1	785,727	0	990,371
Sunoco Logistics Partners L.P.	COM	86764L108	14,251	554,504	SH		SOLE		554,504	0	0
Sunstone Hotel Investors Inc.	COM	867892101	148,335	11,876,323	SH		SOLE	1	6,072,387	0	5,803,936
Tallgrass Energy Partners LP	COM	874697105	6,327	153,533	SH		SOLE		153,533	0	0
Tanger Factory Outlet Centers	COM	875465106	2,878	88,000	SH		SOLE		0	0	88,000
Taubman Centers Inc.	COM	876664103	3,398	44,286	SH		SOLE		0	0	44,286
Tesoro Logistics LP	COM	88160T107	12,752	253,409	SH		SOLE		253,409	0	0
UDR Inc.	COM	902653104	496,657	13,219,509	SH		SOLE	1	6,958,916	0	6,260,593
Union Pacific Corp	COM	907818108	1,051	13,438	SH		SOLE		13,438	0	0
Valero Energy Partners LP	COM	91914J102	4,950	95,902	SH		SOLE		95,902	0	0
VEREIT Inc	COM	92339V100	206,520	26,075,727	SH		SOLE	1	14,815,894	0	11,259,833
Vornado Realty Trust	COM	929042109	468,567	4,687,541	SH		SOLE	1	2,297,070	0	2,390,471
VTTI Energy Partners LP	COM	Y9384M101	5,365	258,792	SH		SOLE		258,792	0	0
Welltower Inc.	COM	95040Q104	669,305	9,838,379	SH		SOLE	1	4,724,242	0	5,114,137
Western Gas Partners LP	COM	958254104	3,448	72,550	SH		SOLE		72,550	0	0
Western Refining Logistics, LP	COM	95931Q205	5,676	231,388	SH		SOLE		231,388	0	0
Williams Cos.	COM	969457100	853	33,200	SH		SOLE		33,200	0	0
Williams Partners LP	COM	96949L105	17,360	623,352	SH		SOLE		623,352	0	0
WP Glimcher Inc	COM	92939N102	13,005	1,225,772	SH		SOLE		1,101,900	0	123,872
Sunstone Hotels 8.00% Series D	CV 8% CUM PFD-D	867892507	704	27,800	SH		SOLE		27,800	0	0