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
Agree Realty Corp	COM	008492100	901	18,361	SH		SOLE		6,822	0	11,539
Alexandria Real Estate Equitie	COM	015271109	314,656	2,644,837	SH		SOLE		1,346,543	0	1,298,294
American Campus Communities	COM	024835100	29,399	665,885	SH		SOLE		311,991	0	353,894
American Electric Power Co. In	COM	025537101	2,999	42,700	SH		SOLE		21,600	0	21,100
American Tower Corp.	COM	03027X100	697	5,100	SH		SOLE		2,400	0	2,700
American Water Works Co.	COM	030420103	1,181	14,600	SH		SOLE		7,000	0	7,600
Andeavor Logistics LP	COM	03350F106	4,717	94,219	SH		SOLE		94,219	0	0
Antero Midstream GP LP	COM	03675Y103	2,140	104,528	SH		SOLE		104,528	0	0
Antero Midstream Partners LP	COM	03673L103	3,861	122,450	SH		SOLE		122,450	0	0
Atmos Energy Corp.	COM	049560105	1,409	16,800	SH		SOLE		8,000	0	8,800
AvalonBay Communities Inc.	COM	053484101	319,908	1,793,005	SH		SOLE		837,146	0	955,859
Boardwalk Pipeline Partners L.	COM	096627104	2,874	195,500	SH		SOLE		195,500	0	0
Boston Properties Inc.	COM	101121101	70,250	571,699	SH		SOLE		255,220	0	316,479
Brandywine Realty Trust SBI	COM	105368203	61,741	3,530,102	SH		SOLE		1,108,141	0	2,421,961
Brixmor Property Group	COM	11120U105	132,523	7,049,103	SH		SOLE		3,265,153	0	3,783,950
Buckeye Partners L.P.	COM	118230101	6,232	109,339	SH		SOLE		109,339	0	0
Camden Property Trust	COM	133131102	167,735	1,834,171	SH		SOLE		886,187	0	947,984
Cheniere Energy Inc.	COM	16411R208	4,556	101,164	SH		SOLE		75,727	0	25,437
Cheniere Energy Partners, L.P.	COM	16411Q101	3,125	108,435	SH		SOLE		108,435	0	0
Crestwood Equity Partners LP	COM	226344208	1,670	68,450	SH		SOLE		68,450	0	0
Crown Castle International Cor	COM	22822V101	18,006	180,100	SH		SOLE		24,300	0	155,800
CSX Corporation	COM	126408103	374	6,900	SH		SOLE		3,200	0	3,700
CubeSmart	COM	229663109	203,678	7,845,855	SH		SOLE		4,351,738	0	3,494,117
CYRUSONE INC	COM	23283R100	157,281	2,668,943	SH		SOLE		1,330,008	0	1,338,935
DCT Industrial Trust	COM	233153204	198,622	3,429,253	SH		SOLE		1,993,544	0	1,435,709
Diamondrock Hospitality	COM	252784301	66,662	6,087,838	SH		SOLE		3,041,412	0	3,046,426
Digital Realty Trust Inc.	COM	253868103	26,945	227,708	SH		SOLE		9,508	0	218,200
Dominion Energy Inc.	COM	25746U109	1,154	15,000	SH		SOLE		7,200	0	7,800
Douglas Emmett Inc.	COM	25960P109	45,561	1,155,791	SH		SOLE		508,488	0	647,303
DTE Energy Co.	COM	233331107	816	7,600	SH		SOLE		3,600	0	4,000
Duke Realty Corporation	COM	264411505	2,979	103,353	SH		SOLE		28,953	0	74,400
Enable Midstream Partners LP	COM	292480100	2,910	182,075	SH		SOLE		182,075	0	0
Energy Transfer Partners LP	COM	29278N103	7,464	408,116	SH		SOLE		408,116	0	0
EnLink Midstream Partners LP	COM	29336U107	2,262	134,962	SH		SOLE		134,962	0	0
Enterprise Products Partners L	COM	293792107	8,877	340,488	SH		SOLE		340,488	0	0
Equinix Inc	COM	29444U700	393,738	882,228	SH		SOLE		456,844	0	425,384
Equity Residential	COM	29476L107	271,922	4,124,400	SH		SOLE		2,176,812	0	1,947,588
Essex Property Trust Inc.	COM	297178105	261,239	1,028,378	SH		SOLE		554,820	0	473,558
Extra Space Storage Inc.	COM	30225T102	339,556	4,248,704	SH		SOLE		2,355,822	0	1,892,882
Forest City Realty Trust - A	COM	345605109	85,142	3,337,600	SH		SOLE		1,523,001	0	1,814,599
GGP Inc.	COM	36174X101	306,984	14,780,164	SH		SOLE		7,572,474	0	7,207,690
Gramercy Property Trust Inc	COM	385002308	55,531	1,835,748	SH		SOLE		738,865	0	1,096,883
Great Plains Energy Incorporat	COM	391164100	1,318	43,500	SH		SOLE		23,900	0	19,600
HCP Inc.	COM	40414L109	39,164	1,407,276	SH		SOLE		591,963	0	815,313
HealthCare Realty Trust	COM	421946104	17,092	528,500	SH		SOLE		4,600	0	523,900
Healthcare Trust of America In	COM	42225P501	202,335	6,789,764	SH		SOLE		3,806,321	0	2,983,443
Hess Midstream Partners LP	COM	428104103	2,033	92,525	SH		SOLE		92,525	0	0
Highwoods Properties Inc.	COM	431284108	5,365	103,000	SH		SOLE		0	0	103,000
Hilton Worldwide Holdings Inc.	COM	43300A203	65,883	948,641	SH		SOLE		486,292	0	462,349
Host Hotels & Resorts Inc.	COM	44107P104	121,355	6,563,261	SH		SOLE		3,178,057	0	3,385,204
Hudson Pacific Properties	COM	444097109	201,687	6,015,130	SH		SOLE		3,848,088	0	2,167,042
Invitation Homes Inc	COM	46187W107	96,398	4,255,980	SH		SOLE		2,787,318	0	1,468,662
Iron Mountain Incorporated	COM	46284V101	55,326	1,422,275	SH		SOLE		627,210	0	795,065
Kilroy Realty Corp.	COM	49427F108	100,792	1,417,206	SH		SOLE		688,473	0	728,733
Kimco Realty Corp.	COM	49446R109	247,184	12,643,662	SH		SOLE		6,819,528	0	5,824,134
Liberty Property Trust	COM	531172104	33,885	825,257	SH		SOLE		224,757	0	600,500
Macerich Co.	COM	554382101	10,851	197,400	SH		SOLE		197,400	0	0
Macquarie Infrastructure Corp	COM	55608B105	1,841	25,500	SH		SOLE		13,800	0	11,700
Magellan Midstream Partners L.	COM	559080106	10,011	140,884	SH		SOLE		140,884	0	0
MGM Growth Properties LLC	COM	55303A105	67,991	2,250,599	SH		SOLE		1,228,883	0	1,021,716
MPLX LP	COM	55336V100	7,929	226,479	SH		SOLE		226,479	0	0
National Retail Properties Onc	COM	637417106	29,334	704,126	SH		SOLE		201,753	0	502,373
Nextera Energy Inc	COM	65339F101	1,945	13,270	SH		SOLE		6,300	0	6,970
NRG Yield, Inc. Class A	COM	62942X306	1,259	66,355	SH		SOLE		35,020	0	31,335
Omega Healthcare Investors	COM	681936100	11,411	357,600	SH		SOLE		357,600	0	0
ONEOK Inc.	COM	682680103	944	17,028	SH		SOLE		17,028	0	0
Park Hotels & Resorts Inc	COM	700517105	164,337	5,962,865	SH		SOLE		3,973,650	0	1,989,215
Pattern Energy Group Inc.	COM	70338P100	848	35,200	SH		SOLE		16,700	0	18,500
Pennsylvania Real Estate	COM	709102107	8,470	807,448	SH		SOLE		182,446	0	625,002
PG&E Corp.	COM	69331C108	2,669	39,200	SH		SOLE		18,800	0	20,400
Phillips 66 Partners LP	COM	718549207	3,537	67,302	SH		SOLE		67,302	0	0
Plains All American Pipeline,	COM	726503105	3,015	142,272	SH		SOLE		142,272	0	0
ProLogis Inc.	COM	74340W103	542,180	8,543,647	SH		SOLE		4,144,826	0	4,398,821
Public Storage	COM	74460D109	76,937	359,534	SH		SOLE		112,210	0	247,324
QTS Realty Trust Inc	COM	74736A103	10,119	193,266	SH		SOLE		122,552	0	70,714
Regency Centers Corporation	COM	758849103	254,133	4,096,276	SH		SOLE		2,299,503	0	1,796,773
Rice Midstream Partners LP	COM	762819100	2,106	100,570	SH		SOLE		100,570	0	0
RLJ Lodging Trust	COM	74965L101	1,869	84,969	SH		SOLE		27,946	0	57,023
Sempra Energy	COM	816851109	2,283	20,000	SH		SOLE		9,600	0	10,400
Simon Property Group Inc.	COM	828806109	813,708	5,053,773	SH		SOLE		2,794,224	0	2,259,549
SL Green Realty Corp.	COM	78440X101	285,546	2,818,258	SH		SOLE		1,730,179	0	1,088,079
Spirit Realty Capital Inc.	COM	84860W102	34,179	3,988,180	SH		SOLE		1,798,992	0	2,189,188
Starwood Waypoint Homes	COM	85572F105	175,601	4,828,172	SH		SOLE		2,821,055	0	2,007,117
STORE Capital Corp	COM	862121100	140,522	5,650,270	SH		SOLE		3,146,699	0	2,503,571
Suburban Propane Partners L.P.	COM	864482104	1,268	48,597	SH		SOLE		48,597	0	0
Sun Communities Inc.	COM	866674104	233,746	2,728,130	SH		SOLE		1,555,007	0	1,173,123
Sunstone Hotel Investors Inc.	COM	867892101	68,101	4,237,749	SH		SOLE		1,614,835	0	2,622,914
Tallgrass Energy Partners LP	COM	874697105	4,266	89,082	SH		SOLE		89,082	0	0
Targa Resources Corp.	COM	87612G101	2,902	61,346	SH		SOLE		50,980	0	10,366
TC Pipelines L.P.	COM	87233Q108	3,079	58,850	SH		SOLE		58,850	0	0
The Geo Group Inc.	COM	36162J106	24,557	912,906	SH		SOLE		291,950	0	620,956
UDR Inc.	COM	902653104	9,929	261,083	SH		SOLE		20,000	0	241,083
Union Pacific Corp	COM	907818108	239	2,065	SH		SOLE		445	0	1,620
Urban Edge Properties	COM	91704F104	1,368	56,729	SH		SOLE		18,869	0	37,860
Valero Energy Partners LP	COM	91914J102	2,682	61,334	SH		SOLE		61,334	0	0
Ventas Inc.	COM	92276F100	232,953	3,576,736	SH		SOLE		2,077,497	0	1,499,239
VEREIT Inc	COM	92339V100	320,092	38,611,776	SH		SOLE		23,148,240	0	15,463,536
Vornado Realty Trust	COM	929042109	286,754	3,729,894	SH		SOLE		2,003,807	0	1,726,087
Weingarten Realty Investors	COM	948741103	19,161	603,700	SH		SOLE		603,700	0	0
Welltower Inc.	COM	95040Q104	354,067	5,037,946	SH		SOLE		2,646,171	0	2,391,775
Western Gas Partners LP	COM	958254104	4,082	79,603	SH		SOLE		79,603	0	0
Weyerhaeuser Co.	COM	962166104	7,735	227,300	SH		SOLE		0	0	227,300
Williams Cos.	COM	969457100	1,762	58,700	SH		SOLE		28,100	0	30,600
Williams Partners LP	COM	96949L105	8,904	228,899	SH		SOLE		228,899	0	0
Xcel Energy Inc.	COM	98389B100	828	17,500	SH		SOLE		8,400	0	9,100