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	270,380	2,244,374	SH		SOLE		1,122,468	0	1,121,906
American Campus Communities	COM	024835100	99,806	2,110,063	SH		SOLE		1,079,984	0	1,030,079
American Electric Power Co. In	COM	025537101	2,140	30,800	SH		SOLE		14,500	0	16,300
American Homes 4 Rent	COM	02665T306	5,142	227,812	SH		SOLE		26,201	0	201,611
American Tower Corp.	COM	03027X100	1,323	10,000	SH		SOLE		4,700	0	5,300
American Water Works Co.	COM	030420103	1,411	18,100	SH		SOLE		9,900	0	8,200
Antero Midstream Partners LP	COM	03673L103	2,885	86,950	SH		SOLE		86,950	0	0
Antero Resources Midstream Man	COM	03675Y103	2,411	109,700	SH		SOLE		109,700	0	0
Apple Hospitality REIT Inc	COM	03784Y200	276	14,759	SH		SOLE		14,759	0	0
Atmos Energy Corp.	COM	049560105	1,443	17,400	SH		SOLE		8,200	0	9,200
AvalonBay Communities Inc.	COM	053484101	379,982	1,977,322	SH		SOLE		952,856	0	1,024,466
Boardwalk Pipeline Partners L.	COM	096627104	1,913	106,200	SH		SOLE		106,200	0	0
Boston Properties Inc.	COM	101121101	150,281	1,221,599	SH		SOLE		554,154	0	667,445
Brixmor Property Group	COM	11120U105	12,915	722,325	SH		SOLE		487,422	0	234,903
Buckeye Partners L.P.	COM	118230101	2,272	35,539	SH		SOLE		35,539	0	0
Cheniere Energy Inc.	COM	16411R208	3,950	81,085	SH		SOLE		71,085	0	10,000
Cheniere Energy Partners, L.P.	COM	16411Q101	2,708	83,585	SH		SOLE		83,585	0	0
Corporate Office Properties Tr	COM	22002T108	51,390	1,467,025	SH		SOLE		655,383	0	811,642
Cousins Properties Inc.	COM	222795106	5,273	599,900	SH		SOLE		0	0	599,900
Crown Castle International Cor	COM	22822V101	28,812	287,600	SH		SOLE		268,500	0	19,100
CSX Corporation	COM	126408103	1,282	23,500	SH		SOLE		11,000	0	12,500
CubeSmart	COM	229663109	152,041	6,324,509	SH		SOLE		3,621,228	0	2,703,281
CYRUSONE INC	COM	23283R100	93,042	1,668,921	SH		SOLE		607,174	0	1,061,747
DCT Industrial Trust	COM	233153204	185,172	3,465,036	SH		SOLE		1,993,819	0	1,471,217
DDR Corp.	COM	23317H102	11,121	1,226,100	SH		SOLE		69,600	0	1,156,500
Diamondrock Hospitality	COM	252784301	68,447	6,250,844	SH		SOLE		3,157,635	0	3,093,209
Digital Realty Trust Inc.	COM	253868103	61,477	544,283	SH		SOLE		194,905	0	349,378
DTE Energy Co.	COM	233331107	910	8,600	SH		SOLE		4,000	0	4,600
Duke Realty Corporation	COM	264411505	422	15,100	SH		SOLE		15,100	0	0
Enable Midstream Partners LP	COM	292480100	3,180	199,475	SH		SOLE		199,475	0	0
Enbridge Energy Management L.L	COM	29250X103	353	22,938	SH		SOLE		11,909	0	11,029
Enbridge Energy Partners L.P.	COM	29250R106	1,798	112,349	SH		SOLE		112,349	0	0
Energy Transfer Partners LP	COM	29278N103	11,227	550,589	SH		SOLE		550,589	0	0
EnLink Midstream Partners LP	COM	29336U107	4,726	278,645	SH		SOLE		278,645	0	0
Enterprise Products Partners L	COM	293792107	11,362	419,589	SH		SOLE		419,589	0	0
Equinix Inc	COM	29444U700	334,187	778,701	SH		SOLE		403,847	0	374,854
Equity Residential	COM	29476L107	237,316	3,604,978	SH		SOLE		1,929,175	0	1,675,803
Essex Property Trust Inc.	COM	297178105	1,199	4,661	SH		SOLE		4,661	0	0
Eversource Energy	COM	30040W108	602	9,910	SH		SOLE		4,600	0	5,310
Extra Space Storage Inc.	COM	30225T102	304,239	3,900,494	SH		SOLE		2,107,108	0	1,793,386
Forest City Realty Trust - A	COM	345605109	29,885	1,236,433	SH		SOLE		652,900	0	583,533
Gaming and Leisure Properties	COM	36467J108	207,917	5,519,430	SH		SOLE		3,063,600	0	2,455,830
GGP Inc.	COM	36174X101	388,445	16,487,485	SH		SOLE		8,194,797	0	8,292,688
Gramercy Property Trust Inc	COM	385002308	40,893	1,376,416	SH		SOLE		227,420	0	1,148,996
Great Plains Energy Incorporat	COM	391164100	960	32,800	SH		SOLE		18,900	0	13,900
HCP Inc.	COM	40414L109	294,798	9,223,958	SH		SOLE		4,926,935	0	4,297,023
HealthCare Realty Trust	COM	421946104	22,618	662,300	SH		SOLE		10,300	0	652,000
Healthcare Trust of America In	COM	42225P501	254,539	8,181,898	SH		SOLE		5,044,389	0	3,137,509
Hess Midstream Partners LP	COM	428104103	2,051	100,675	SH		SOLE		89,575	0	11,100
Highwoods Properties Inc.	COM	431284108	7,287	143,700	SH		SOLE		0	0	143,700
Host Hotels & Resorts Inc.	COM	44107P104	199,226	10,904,528	SH		SOLE		5,929,417	0	4,975,111
Hudson Pacific Properties	COM	444097109	185,206	5,416,970	SH		SOLE		3,475,940	0	1,941,030
Invitation Homes Inc	COM	46187W107	107,509	4,970,343	SH		SOLE		3,140,935	0	1,829,408
Iron Mountain Incorporated	COM	46284V101	5,532	161,000	SH		SOLE		152,400	0	8,600
Kilroy Realty Corp.	COM	49427F108	155,993	2,075,750	SH		SOLE		889,427	0	1,186,323
Kimco Realty Corp.	COM	49446R109	182,144	9,926,107	SH		SOLE		4,857,114	0	5,068,993
Kinder Morgan Inc.	COM	49456B101	1,435	74,900	SH		SOLE		36,000	0	38,900
Liberty Property Trust	COM	531172104	134,759	3,310,213	SH		SOLE		1,581,787	0	1,728,426
Macerich Co.	COM	554382101	11,548	198,902	SH		SOLE		197,400	0	1,502
Magellan Midstream Partners L.	COM	559080106	8,660	121,509	SH		SOLE		121,509	0	0
MGM Growth Properties LLC	COM	55303A105	1,870	64,066	SH		SOLE		15,700	0	48,366
Mid-America Apt. Comm.	COM	59522J103	203,873	1,934,644	SH		SOLE		987,646	0	946,998
MPLX LP	COM	55336V100	8,962	268,329	SH		SOLE		268,329	0	0
Nextera Energy Inc	COM	65339F101	2,532	18,070	SH		SOLE		8,800	0	9,270
Norfolk Southern Corp	COM	655844108	1,071	8,800	SH		SOLE		4,100	0	4,700
NRG Yield, Inc. Class A	COM	62942X306	1,198	70,200	SH		SOLE		36,500	0	33,700
Omega Healthcare Investors	COM	681936100	11,900	360,400	SH		SOLE		360,400	0	0
ONEOK Partners L.P.	COM	68268N103	2,166	42,414	SH		SOLE		42,414	0	0
Park Hotels & Resorts Inc	COM	700517105	162,760	6,037,093	SH		SOLE		3,805,454	0	2,231,639
Pattern Energy Group Inc.	COM	70338P100	753	31,600	SH		SOLE		15,000	0	16,600
PG&E Corp.	COM	69331C108	2,555	38,500	SH		SOLE		18,100	0	20,400
Phillips 66 Partners LP	COM	718549207	4,708	95,257	SH		SOLE		95,257	0	0
Physicians Realty Trust	COM	71943U104	46,701	2,318,836	SH		SOLE		418,759	0	1,900,077
Plains All American Pipeline,	COM	726503105	7,708	293,422	SH		SOLE		293,422	0	0
ProLogis Inc.	COM	74340W103	522,030	8,902,292	SH		SOLE		4,417,788	0	4,484,504
Public Storage	COM	74460D109	159,070	762,817	SH		SOLE		388,061	0	374,756
QTS Realty Trust Inc	COM	74736A103	60,018	1,146,919	SH		SOLE		577,561	0	569,358
Regency Centers Corporation	COM	758849103	254,295	4,059,624	SH		SOLE		2,295,183	0	1,764,441
Rice Midstream Partners LP	COM	762819100	3,042	152,570	SH		SOLE		152,570	0	0
Sempra Energy	COM	816851109	1,579	14,000	SH		SOLE		6,600	0	7,400
Simon Property Group Inc.	COM	828806109	831,354	5,139,428	SH		SOLE		2,829,041	0	2,310,387
SL Green Realty Corp.	COM	78440X101	349,446	3,302,891	SH		SOLE		2,006,930	0	1,295,961
STORE Capital Corp	COM	862121100	109,791	4,890,472	SH		SOLE		2,032,368	0	2,858,104
Suburban Propane Partners L.P.	COM	864482104	1,216	51,097	SH		SOLE		51,097	0	0
Sun Communities Inc.	COM	866674104	318,251	3,629,272	SH		SOLE		2,130,867	0	1,498,405
Sunstone Hotel Investors Inc.	COM	867892101	89,918	5,578,046	SH		SOLE		2,702,237	0	2,875,809
Tallgrass Energy Partners LP	COM	874697105	4,968	99,182	SH		SOLE		99,182	0	0
Targa Resources Corp.	COM	87612G101	4,337	95,959	SH		SOLE		82,593	0	13,366
TC Pipelines L.P.	COM	87233Q108	3,066	55,750	SH		SOLE		55,750	0	0
The Geo Group Inc.	COM	36162J106	34,592	1,169,827	SH		SOLE		294,720	0	875,107
UDR Inc.	COM	902653104	219,353	5,628,772	SH		SOLE		2,245,545	0	3,383,227
Valero Energy Partners LP	COM	91914J102	2,930	64,194	SH		SOLE		64,194	0	0
Ventas Inc.	COM	92276F100	7,591	109,255	SH		SOLE		0	0	109,255
VEREIT Inc	COM	92339V100	317,033	38,947,554	SH		SOLE		23,474,466	0	15,473,088
Vornado Realty Trust	COM	929042109	369,488	3,934,909	SH		SOLE		2,241,991	0	1,692,918
Weingarten Realty Investors	COM	948741103	81,067	2,693,253	SH		SOLE		1,520,663	0	1,172,590
Welltower Inc.	COM	95040Q104	479,146	6,401,420	SH		SOLE		3,462,832	0	2,938,588
Western Gas Partners LP	COM	958254104	5,575	99,653	SH		SOLE		99,653	0	0
Weyerhaeuser Co.	COM	962166104	7,615	227,300	SH		SOLE		0	0	227,300
Williams Cos.	COM	969457100	1,859	61,400	SH		SOLE		29,000	0	32,400
Williams Partners LP	COM	96949L105	10,794	269,111	SH		SOLE		269,111	0	0
Xcel Energy Inc.	COM	98389B100	996	21,700	SH		SOLE		10,200	0	11,500