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	838	16,296	SH		SOLE		5,350	0	10,946
Alexandria Real Estate Equitie	COM	015271109	401,694	3,075,993	SH		SOLE		1,774,695	0	1,301,298
American Electric Power Co. In	COM	025537101	4,786	65,056	SH		SOLE		25,756	0	39,300
American Homes 4 Rent	COM	02665T306	1,745	79,900	SH		SOLE		0	0	79,900
American Tower Corp.	COM	03027X100	1,398	9,800	SH		SOLE		4,000	0	5,800
Andeavor Logistics LP	COM	03350F106	5,178	112,094	SH		SOLE		112,094	0	0
Antero Midstream GP LP	COM	03675Y103	1,962	99,477	SH		SOLE		99,477	0	0
Antero Midstream Partners LP	COM	03673L103	3,415	117,608	SH		SOLE		117,608	0	0
Atmos Energy Corp.	COM	049560105	2,899	33,752	SH		SOLE		13,552	0	20,200
AvalonBay Communities Inc.	COM	053484101	275,112	1,542,022	SH		SOLE		733,086	0	808,936
Boardwalk Pipeline Partners L.	COM	096627104	3,171	245,600	SH		SOLE		245,600	0	0
Boston Properties Inc.	COM	101121101	50,283	386,705	SH		SOLE		154,723	0	231,982
Brandywine Realty Trust SBI	COM	105368203	52,675	2,895,826	SH		SOLE		1,086,273	0	1,809,553
Brixmor Property Group	COM	11120U105	147,043	7,880,121	SH		SOLE		3,945,857	0	3,934,264
Buckeye Partners L.P.	COM	118230101	1,937	39,089	SH		SOLE		39,089	0	0
Cheniere Energy Inc.	COM	16411R208	5,926	110,064	SH		SOLE		65,927	0	44,137
Cheniere Energy Partners, L.P.	COM	16411Q101	2,924	98,635	SH		SOLE		98,635	0	0
Columbia Property Trust, Inc.	COM	198287203	90,575	3,946,636	SH		SOLE		2,168,099	0	1,778,537
Crestwood Equity Partners LP	COM	226344208	2,665	103,300	SH		SOLE		103,300	0	0
Crown Castle International Cor	COM	22822V101	43,698	393,644	SH		SOLE		164,174	0	229,470
CSX Corporation	COM	126408103	1,507	27,400	SH		SOLE		11,200	0	16,200
CubeSmart	COM	229663109	219,878	7,602,961	SH		SOLE		4,363,103	0	3,239,858
CYRUSONE INC	COM	23283R100	193,357	3,248,065	SH		SOLE		1,964,616	0	1,283,449
DCT Industrial Trust	COM	233153204	179,622	3,055,837	SH		SOLE		1,900,379	0	1,155,458
DDR Corp.	COM	23317H102	14,207	1,585,613	SH		SOLE		738,745	0	846,868
Digital Realty Trust Inc.	COM	253868103	8,148	71,540	SH		SOLE		7,276	0	64,264
Dominion Energy Inc.	COM	25746U109	4,045	49,900	SH		SOLE		21,000	0	28,900
Douglas Emmett Inc.	COM	25960P109	49,896	1,215,204	SH		SOLE		572,856	0	642,348
DTE Energy Co.	COM	233331107	1,149	10,500	SH		SOLE		4,200	0	6,300
Duke Realty Corporation	COM	264411505	310	11,400	SH		SOLE		11,400	0	0
Enable Midstream Partners LP	COM	292480100	2,517	177,025	SH		SOLE		177,025	0	0
Energy Transfer Partners LP	COM	29278N103	6,862	382,939	SH		SOLE		382,939	0	0
Enterprise Products Partners L	COM	293792107	7,577	285,821	SH		SOLE		285,821	0	0
Equinix Inc	COM	29444U700	395,605	872,877	SH		SOLE		458,509	0	414,368
Equity Residential	COM	29476L107	178,966	2,806,431	SH		SOLE		1,343,362	0	1,463,069
Essex Property Trust Inc.	COM	297178105	263,368	1,091,140	SH		SOLE		628,315	0	462,825
Exelon Corp.	COM	30161N101	1,974	50,100	SH		SOLE		23,700	0	26,400
Extra Space Storage Inc.	COM	30225T102	348,834	3,988,956	SH		SOLE		2,311,122	0	1,677,834
Federal Realty Investment Trus	COM	313747206	10,944	82,400	SH		SOLE		82,400	0	0
Forest City Realty Trust - A	COM	345605109	187,935	7,798,125	SH		SOLE		4,602,226	0	3,195,899
Four Corners Property Trust	COM	35086T109	12,948	503,798	SH		SOLE		183,948	0	319,850
GGP Inc.	COM	36174X101	339,957	14,534,304	SH		SOLE		7,204,112	0	7,330,192
Gramercy Property Trust Inc	COM	385002308	39,300	1,474,101	SH		SOLE		531,348	0	942,753
Great Plains Energy Incorporat	COM	391164100	1,756	54,457	SH		SOLE		21,357	0	33,100
HealthCare Realty Trust	COM	421946104	16,715	520,400	SH		SOLE		4,200	0	516,200
Healthcare Trust of America In	COM	42225P501	234,569	7,808,567	SH		SOLE		4,708,568	0	3,099,999
Hess Midstream Partners LP	COM	428104103	1,949	98,387	SH		SOLE		98,387	0	0
Hilton Worldwide Holdings Inc.	COM	43300A203	116,646	1,460,632	SH		SOLE		956,139	0	504,493
Host Hotels & Resorts Inc.	COM	44107P104	180,096	9,072,823	SH		SOLE		4,638,941	0	4,433,882
Hudson Pacific Properties	COM	444097109	209,516	6,117,244	SH		SOLE		3,866,417	0	2,250,827
Hyatt Hotels Corp. - Cl A	COM	448579102	928	12,613	SH		SOLE		12,613	0	0
Invitation Homes Inc	COM	46187W107	274,397	11,641,783	SH		SOLE		7,525,462	0	4,116,321
Iron Mountain Incorporated	COM	46284V101	207,371	5,496,196	SH		SOLE		2,985,915	0	2,510,281
Kilroy Realty Corp.	COM	49427F108	71,439	956,986	SH		SOLE		419,156	0	537,830
Kimco Realty Corp.	COM	49446R109	57,275	3,155,668	SH		SOLE		1,449,953	0	1,705,715
Kite Realty Group Trust	COM	49803T300	19,634	1,001,746	SH		SOLE		351,044	0	650,702
Liberty Property Trust	COM	531172104	18,621	432,945	SH		SOLE		6,400	0	426,545
Life Storage Inc	COM	53223X107	10,604	119,048	SH		SOLE		14,248	0	104,800
Macerich Co.	COM	554382101	210,517	3,205,186	SH		SOLE		1,841,849	0	1,363,337
Macquarie Infrastructure Corp	COM	55608B105	2,485	38,712	SH		SOLE		17,412	0	21,300
Magellan Midstream Partners L.	COM	559080106	7,714	108,734	SH		SOLE		108,734	0	0
Marriott International Inc.	COM	571903202	104,785	772,007	SH		SOLE		484,781	0	287,226
MGM Growth Properties LLC	COM	55303A105	76,530	2,625,394	SH		SOLE		1,552,189	0	1,073,205
MGM Mirage	COM	552953101	3,426	102,600	SH		SOLE		2,300	0	100,300
MPLX LP	COM	55336V100	6,259	176,454	SH		SOLE		176,454	0	0
Nextera Energy Inc	COM	65339F101	3,369	21,570	SH		SOLE		8,700	0	12,870
NextEra Energy Partners LP	COM	65341B106	1,000	23,200	SH		SOLE		9,100	0	14,100
Noble Midstream Partners LP	COM	65506L105	2,258	45,150	SH		SOLE		45,150	0	0
NRG Yield, Inc. Class A	COM	62942X306	1,999	106,055	SH		SOLE		44,120	0	61,935
Paramount Group Inc	COM	69924R108	63,771	4,023,403	SH		SOLE		1,974,541	0	2,048,862
Park Hotels & Resorts Inc	COM	700517105	122,450	4,259,138	SH		SOLE		2,487,798	0	1,771,340
Pattern Energy Group Inc. -A	COM	70338P100	2,115	98,400	SH		SOLE		45,100	0	53,300
Pennsylvania Real Estate	COM	709102107	9,322	784,030	SH		SOLE		157,784	0	626,246
Phillips 66 Partners LP	COM	718549207	3,756	71,752	SH		SOLE		71,752	0	0
Physicians Realty Trust	COM	71943U104	46,085	2,561,724	SH		SOLE		1,005,103	0	1,556,621
Plains All American Pipeline,	COM	726503105	2,472	119,747	SH		SOLE		119,747	0	0
ProLogis Inc.	COM	74340W103	521,632	8,086,061	SH		SOLE		4,156,090	0	3,929,971
QTS Realty Trust Inc	COM	74736A103	4,717	87,087	SH		SOLE		16,673	0	70,414
Regency Centers Corporation	COM	758849103	352,383	5,093,711	SH		SOLE		3,025,926	0	2,067,785
Retail Opportunity Investments	COM	76131N101	20,920	1,048,611	SH		SOLE		533,756	0	514,855
RLJ Lodging Trust	COM	74965L101	10,377	472,314	SH		SOLE		396,214	0	76,100
Sempra Energy	COM	816851109	1,475	13,800	SH		SOLE		5,000	0	8,800
Simon Property Group Inc.	COM	828806109	652,124	3,797,161	SH		SOLE		2,139,646	0	1,657,515
SL Green Realty Corp.	COM	78440X101	74,216	735,317	SH		SOLE		485,833	0	249,484
Spirit Realty Capital Inc.	COM	84860W102	85,736	9,992,562	SH		SOLE		4,707,647	0	5,284,915
STORE Capital Corp	COM	862121100	150,010	5,760,739	SH		SOLE		3,375,759	0	2,384,980
Sun Communities Inc.	COM	866674104	184,320	1,986,630	SH		SOLE		1,108,345	0	878,285
Sunstone Hotel Investors Inc.	COM	867892101	45,200	2,734,421	SH		SOLE		1,209,836	0	1,524,585
Tallgrass Energy Partners LP	COM	874697105	2,365	51,582	SH		SOLE		51,582	0	0
Tanger Factory Outlet Centers	COM	875465106	6,921	261,068	SH		SOLE		16,068	0	245,000
Targa Resources Corp.	COM	87612G101	2,372	48,996	SH		SOLE		35,330	0	13,666
Taubman Centers Inc.	COM	876664103	176,250	2,693,724	SH		SOLE		1,560,212	0	1,133,512
TC Pipelines L.P.	COM	87233Q108	2,380	44,823	SH		SOLE		44,823	0	0
The Geo Group Inc.	COM	36162J106	24,278	1,028,732	SH		SOLE		336,060	0	692,672
TIER REIT Inc	COM	88650V208	4,451	218,312	SH		SOLE		10,512	0	207,800
UDR Inc.	COM	902653104	2,567	66,633	SH		SOLE		6,408	0	60,225
Valero Energy Partners LP	COM	91914J102	3,068	68,934	SH		SOLE		68,934	0	0
Ventas Inc.	COM	92276F100	171,735	2,861,777	SH		SOLE		1,529,428	0	1,332,349
VEREIT Inc	COM	92339V100	116,328	14,932,954	SH		SOLE		6,749,586	0	8,183,368
Vornado Realty Trust	COM	929042109	256,115	3,275,968	SH		SOLE		1,858,685	0	1,417,283
Weingarten Realty Investors	COM	948741103	19,673	598,500	SH		SOLE		598,500	0	0
Welltower Inc.	COM	95040Q104	122,617	1,922,799	SH		SOLE		859,029	0	1,063,770
Western Gas Partners LP	COM	958254104	4,363	90,728	SH		SOLE		90,728	0	0
Williams Cos.	COM	969457100	3,503	114,900	SH		SOLE		51,000	0	63,900
Williams Partners LP	COM	96949L105	8,398	216,544	SH		SOLE		216,544	0	0
Wynn Resorts Ltd.	COM	983134107	4,535	26,900	SH		SOLE		824	0	26,076
Xcel Energy Inc.	COM	98389B100	1,131	23,500	SH		SOLE		9,300	0	14,200
Xenia Hotels & Resorts Inc	COM	984017103	22,003	1,019,116	SH		SOLE		389,098	0	630,018