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

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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
Alexandria Real Estate Equitie	COM	015271109	134,717	1,301,362	SH		SOLE		505,062	0	796,300
American Electric Power Co. In	COM	025537101	1,206	17,200	SH		SOLE		17,200	0	0
American Tower Corp.	COM	03027X100	2,681	23,600	SH		SOLE		23,600	0	0
AvalonBay Communities Inc.	COM	053484101	498,679	2,764,447	SH		SOLE		1,245,331	0	1,519,116
Avangrid Inc	COM	05351W103	244	5,300	SH		SOLE		5,300	0	0
Boardwalk Pipeline Partners L.	COM	096627104	7,830	448,730	SH		SOLE		448,730	0	0
Boston Properties Inc.	COM	101121101	100,086	758,800	SH		SOLE		298,717	0	460,083
Buckeye Partners L.P.	COM	118230101	8,299	118,005	SH		SOLE		118,005	0	0
Cone Midstream Partners LP	COM	206812109	3,785	218,265	SH		SOLE		218,265	0	0
Crestwood Equity Partners LP	COM	226344208	3,148	156,160	SH		SOLE		156,160	0	0
Crown Castle International Cor	COM	22822V101	21,233	209,335	SH		SOLE		209,335	0	0
CubeSmart	COM	229663109	200,237	6,484,347	SH		SOLE		3,398,419	0	3,085,928
DCP Midstream Partners L.P.	COM	23311P100	5,538	160,575	SH		SOLE		160,575	0	0
DCT Industrial Trust	COM	233153204	208,370	4,337,419	SH		SOLE		2,514,284	0	1,823,135
DDR Corp.	COM	23317H102	276,462	15,240,451	SH		SOLE		7,543,551	0	7,696,900
Delek Logistics Partners	COM	24664T103	3,630	135,915	SH		SOLE		135,915	0	0
Digital Realty Trust Inc.	COM	253868103	406,604	3,730,655	SH		SOLE		1,588,610	0	2,142,045
Dominion Resources Inc. (Virgi	COM	25746U109	1,083	13,898	SH		SOLE		13,898	0	0
DTE Energy Co.	COM	233331107	2,050	20,684	SH		SOLE		20,684	0	0
Duke Realty Corporation	COM	264411505	53,492	2,006,462	SH		SOLE		542,362	0	1,464,100
Edison International	COM	281020107	1,158	14,909	SH		SOLE		14,909	0	0
Enbridge Energy Partners L.P.	COM	29250R106	8,730	376,300	SH		SOLE		376,300	0	0
Energy Transfer Partners L.P.	COM	29273R109	16,429	431,557	SH		SOLE		431,557	0	0
EnLink Midstream Partners LP	COM	29336U107	1,054	63,400	SH		SOLE		63,400	0	0
Enterprise Products Partners L	COM	293792107	19,023	650,130	SH		SOLE		650,130	0	0
EQT Midstream Partners, L.P.	COM	26885B100	9,945	123,853	SH		SOLE		123,853	0	0
Equinix Inc	COM	29444U700	72,047	185,817	SH		SOLE		35,293	0	150,524
Equity Residential	COM	29476L107	869,071	12,617,182	SH		SOLE		7,406,633	0	5,210,549
Essex Property Trust Inc.	COM	297178105	67,149	294,395	SH		SOLE		96,839	0	197,556
Eversource Energy	COM	30040W108	1,208	20,172	SH		SOLE		20,172	0	0
Exelon Corp.	COM	30161N101	378	10,398	SH		SOLE		10,398	0	0
Gaming and Leisure Properties	COM	36467J108	231,961	6,727,412	SH		SOLE		3,575,512	0	3,151,900
General Growth Properties	COM	370023103	598,076	20,056,188	SH		SOLE		9,845,104	0	10,211,084
Genesis Energy L.P.	COM	371927104	3,768	98,205	SH		SOLE		98,205	0	0
HealthCare Realty Trust	COM	421946104	217,140	6,205,773	SH		SOLE		3,229,379	0	2,976,394
Healthcare Trust of America In	COM	42225P501	158,832	4,911,306	SH		SOLE		2,148,835	0	2,762,471
Highwoods Properties Inc.	COM	431284108	136,543	2,586,033	SH		SOLE		1,185,896	0	1,400,137
Host Hotels & Resorts Inc.	COM	44107P104	219,526	13,542,632	SH		SOLE		6,159,590	0	7,383,042
ITC Holdings Corp.	COM	465685105	749	16,000	SH		SOLE		16,000	0	0
Kilroy Realty Corp.	COM	49427F108	304,008	4,586,036	SH		SOLE		2,351,936	0	2,234,100
Kimco Realty Corp.	COM	49446R109	536,419	17,094,282	SH		SOLE		9,739,521	0	7,354,761
Kinder Morgan Inc.	COM	49456B101	4,556	243,400	SH		SOLE		243,400	0	0
Liberty Property Trust	COM	531172104	172,827	4,351,127	SH		SOLE		2,726,527	0	1,624,600
Macerich Co.	COM	554382101	121,524	1,423,165	SH		SOLE		1,248,586	0	174,579
Magellan Midstream Partners L.	COM	559080106	16,077	211,543	SH		SOLE		211,543	0	0
MGM Growth Properties LLC	COM	55303A105	87,844	3,292,506	SH		SOLE		1,674,131	0	1,618,375
Monogram Residential Trust, In	COM	60979P105	13,057	1,278,800	SH		SOLE		1,278,800	0	0
MPLX LP	COM	55336V100	14,284	424,738	SH		SOLE		424,738	0	0
Nextera Energy Inc	COM	65339F101	2,136	16,380	SH		SOLE		16,380	0	0
NextEra Energy Partners LP	COM	65341B106	431	14,180	SH		SOLE		14,180	0	0
NiSource Inc.	COM	65473P105	475	17,919	SH		SOLE		17,919	0	0
Norfolk Southern Corp	COM	655844108	843	9,900	SH		SOLE		9,900	0	0
NRG Yield, Inc. Class A	COM	62942X306	1,023	67,200	SH		SOLE		67,200	0	0
Paramount Group Inc	COM	69924R108	104,490	6,555,184	SH		SOLE		3,310,884	0	3,244,300
Pattern Energy Group Inc.	COM	70338P100	625	27,200	SH		SOLE		27,200	0	0
Pebblebrook Hotel Trust	COM	70509V100	121,513	4,629,078	SH		SOLE		2,569,031	0	2,060,047
Pennsylvania Real Estate	COM	709102107	27,206	1,268,349	SH		SOLE		501,449	0	766,900
PG&E Corp.	COM	69331C108	2,212	34,600	SH		SOLE		34,600	0	0
Phillips 66 Partners LP	COM	718549207	4,897	87,652	SH		SOLE		87,652	0	0
Post Properties Inc.	COM	737464107	36,786	602,561	SH		SOLE		581,361	0	21,200
ProLogis Inc.	COM	74340W103	496,918	10,132,912	SH		SOLE		4,995,846	0	5,137,066
Public Storage	COM	74460D109	516,657	2,021,429	SH		SOLE		936,356	0	1,085,073
QTS Realty Trust Inc	COM	74736A103	158,202	2,826,037	SH		SOLE		1,491,240	0	1,334,797
Ramco Gershenson Properties Tr	COM	751452202	31,841	1,623,690	SH		SOLE		382,652	0	1,241,038
Regency Centers Corporation	COM	758849103	259,963	3,104,778	SH		SOLE		1,656,242	0	1,448,536
Semgroup Corp.	COM	81663A105	3,446	105,848	SH		SOLE		105,848	0	0
Sempra Energy	COM	816851109	2,395	21,005	SH		SOLE		21,005	0	0
Senior Housing Properties Trus	COM	81721M109	130,020	6,241,955	SH		SOLE		3,846,555	0	2,395,400
Shell Midstream Partners LP	COM	822634101	7,202	213,140	SH		SOLE		213,140	0	0
Simon Property Group Inc.	COM	828806109	1,237,138	5,703,724	SH		SOLE		2,986,472	0	2,717,252
SL Green Realty Corp.	COM	78440X101	597,183	5,608,928	SH		SOLE		3,432,558	0	2,176,370
Sovran Storage	COM	84610H108	56,559	539,064	SH		SOLE		217,632	0	321,432
Spectra Energy Partners L.P.	COM	84756N109	3,729	79,042	SH		SOLE		79,042	0	0
Spirit Realty Capital Inc.	COM	84860W102	440,277	34,477,440	SH		SOLE		20,097,343	0	14,380,097
STORE Capital Corp	COM	862121100	68,468	2,324,887	SH		SOLE		653,587	0	1,671,300
Sun Communities Inc.	COM	866674104	243,147	3,172,591	SH		SOLE		1,636,600	0	1,535,991
Sunoco Logistics Partners L.P.	COM	86764L108	8,895	309,375	SH		SOLE		309,375	0	0
Sunstone Hotel Investors Inc.	COM	867892101	141,818	11,749,607	SH		SOLE		6,116,152	0	5,633,455
Tallgrass Energy Partners LP	COM	874697105	8,071	175,383	SH		SOLE		175,383	0	0
Targa Resources Corp.	COM	87612G101	6,401	151,900	SH		SOLE		151,900	0	0
Taubman Centers Inc.	COM	876664103	1,297	17,486	SH		SOLE		0	0	17,486
Tesoro Logistics LP	COM	88160T107	10,078	203,470	SH		SOLE		203,470	0	0
UDR Inc.	COM	902653104	327,670	8,875,146	SH		SOLE		4,137,382	0	4,737,764
Valero Energy Partners LP	COM	91914J102	3,802	80,868	SH		SOLE		80,868	0	0
Ventas Inc.	COM	92276F100	93,138	1,279,016	SH		SOLE		620,116	0	658,900
VEREIT Inc	COM	92339V100	357,475	35,253,903	SH		SOLE		19,084,524	0	16,169,379
Vornado Realty Trust	COM	929042109	541,359	5,407,105	SH		SOLE		3,028,900	0	2,378,205
Weingarten Realty Investors	COM	948741103	89,693	2,197,284	SH		SOLE		1,318,640	0	878,644
Welltower Inc.	COM	95040Q104	744,308	9,771,667	SH		SOLE		4,812,430	0	4,959,237
Westar Energy, Inc.	COM	95709T100	567	10,100	SH		SOLE		10,100	0	0
Williams Cos.	COM	969457100	995	46,000	SH		SOLE		46,000	0	0
Williams Partners LP	COM	96949L105	15,725	453,952	SH		SOLE		453,952	0	0
Xcel Energy Inc.	COM	98389B100	1,146	25,600	SH		SOLE		25,600	0	0