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
Acadia Realty Trust	COM	004239109	8,407	324,232	SH		SOLE		28,825	0	295,407
Alexandria Real Estate Equitie	COM	015271109	155,894	964,811	SH		SOLE		509,158	0	455,653
American Assets Trust Inc.	COM	024013104	1,453	31,666	SH		SOLE		0	0	31,666
American Campus Communities	COM	024835100	99,944	2,125,101	SH		SOLE		1,156,785	0	968,316
American Electric Power Co. In	COM	025537101	17,947	189,898	SH		SOLE		67,298	0	122,600
American Homes 4 Rent	COM	02665T306	4,624	176,439	SH		SOLE		0	0	176,439
American Tower Corp.	COM	03027X100	32,272	140,422	SH		SOLE		129,922	0	10,500
Americold Realty Trust	COM	03064D108	10,971	312,919	SH		SOLE		172,090	0	140,829
Antero Midstream Corp	COM	03676B102	4,690	617,926	SH		SOLE		277,824	0	340,102
Aqua America Inc.	COM	03836W103	9,217	196,366	SH		SOLE		69,616	0	126,750
Atmos Energy Corp.	COM	049560105	12,667	113,243	SH		SOLE		40,043	0	73,200
AvalonBay Communities Inc.	COM	053484101	40,254	191,961	SH		SOLE		86,128	0	105,833
Boston Properties Inc.	COM	101121101	14,067	102,039	SH		SOLE		0	0	102,039
Brandywine Realty Trust SBI	COM	105368203	56,421	3,582,277	SH		SOLE		1,760,824	0	1,821,453
Brixmor Property Group	COM	11120U105	122,263	5,657,715	SH		SOLE		2,852,639	0	2,805,076
California Water Service Group	COM	130788102	670	13,000	SH		SOLE		13,000	0	0
Camden Property Trust	COM	133131102	136,928	1,290,555	SH		SOLE		742,139	0	548,416
Cheniere Energy Inc.	COM	16411R208	18,908	309,619	SH		SOLE		135,282	0	174,337
CMS Energy Corporation	COM	125896100	10,106	160,814	SH		SOLE		54,704	0	106,110
Columbia Property Trust, Inc.	COM	198287203	70,880	3,389,765	SH		SOLE		1,947,103	0	1,442,662
Corporate Office Properties Tr	COM	22002T108	2,140	72,855	SH		SOLE		0	0	72,855
Cousins Properties Inc.	COM	222795502	100,960	2,450,492	SH		SOLE		1,247,705	0	1,202,787
Crestwood Equity Partners LP	COM	226344208	1,508	48,923	SH		SOLE		48,923	0	0
Crown Castle International Cor	COM	22822V101	162,296	1,141,725	SH		SOLE		791,381	0	350,344
CubeSmart	COM	229663109	147,010	4,669,944	SH		SOLE		2,320,025	0	2,349,919
CYRUSONE INC	COM	23283R100	120,908	1,847,899	SH		SOLE		1,015,331	0	832,568
Digital Realty Trust Inc.	COM	253868103	16,508	137,864	SH		SOLE		0	0	137,864
Dominion Energy Inc.	COM	25746U109	3,285	39,659	SH		SOLE		14,159	0	25,500
Douglas Emmett Inc.	COM	25960P109	8,898	202,678	SH		SOLE		0	0	202,678
Duke Realty Corporation	COM	264411505	133,200	3,841,933	SH		SOLE		1,961,694	0	1,880,239
Edison International	COM	281020107	11,626	154,165	SH		SOLE		54,465	0	99,700
Empire State Realty Trust Inc.	COM	292104106	1,349	96,667	SH		SOLE		0	0	96,667
Enbridge Inc	COM	29250N105	2,222	55,871	SH		SOLE		55,871	0	0
Energy Transfer LP	COM	29273V100	3,451	268,993	SH		SOLE		268,993	0	0
Enterprise Products Partners L	COM	293792107	3,461	122,888	SH		SOLE		122,888	0	0
EQM Midstream Partners, L.P.	COM	26885B100	1,136	37,980	SH		SOLE		37,980	0	0
Equinix Inc	COM	29444U700	132,861	227,618	SH		SOLE		116,834	0	110,784
Equity Lifestyle Properties	COM	29472R108	617	8,765	SH		SOLE		0	0	8,765
Equity Residential	COM	29476L107	259,832	3,210,970	SH		SOLE		1,760,764	0	1,450,206
Essex Property Trust Inc.	COM	297178105	70,445	234,145	SH		SOLE		125,105	0	109,040
Exelon Corp.	COM	30161N101	11,482	251,854	SH		SOLE		88,547	0	163,307
Extra Space Storage Inc.	COM	30225T102	38,808	367,433	SH		SOLE		67,051	0	300,382
Federal Realty Investment Trus	COM	313747206	21,649	168,174	SH		SOLE		96,201	0	71,973
FirstEnergy Corp.	COM	337932107	13,360	274,904	SH		SOLE		98,204	0	176,700
Front Yard Residential Corp	COM	35904G107	7,676	622,071	SH		SOLE		239,060	0	383,011
Healthcare Trust of America In	COM	42225P501	145,350	4,800,213	SH		SOLE		2,626,958	0	2,173,255
Healthpeak Properties Inc.	COM	42250P103	202,530	5,875,550	SH		SOLE		2,877,004	0	2,998,546
Host Hotels & Resorts Inc.	COM	44107P104	97,153	5,237,376	SH		SOLE		3,333,633	0	1,903,743
Hudson Pacific Properties	COM	444097109	133,025	3,533,210	SH		SOLE		1,922,574	0	1,610,636
Invitation Homes Inc	COM	46187W107	193,576	6,458,977	SH		SOLE		3,628,516	0	2,830,461
Kinder Morgan Inc.	COM	49456B101	1,269	59,954	SH		SOLE		59,954	0	0
Liberty Property Trust	COM	531172104	25,776	429,246	SH		SOLE		198,483	0	230,763
Life Storage Inc	COM	53223X107	27,822	256,944	SH		SOLE		109,782	0	147,162
Magellan Midstream Partners L.	COM	559080106	3,823	60,813	SH		SOLE		60,813	0	0
Medical Properties Trust	COM	58463J304	47,434	2,246,982	SH		SOLE		1,231,147	0	1,015,835
MGM Growth Properties LLC	COM	55303A105	81,273	2,624,245	SH		SOLE		1,645,510	0	978,735
Mid-America Apt. Comm.	COM	59522J103	43,761	331,877	SH		SOLE		69,777	0	262,100
MPLX LP	COM	55336V100	1,420	55,771	SH		SOLE		55,771	0	0
National Retail Properties Inc	COM	637417106	5,985	111,615	SH		SOLE		0	0	111,615
NexPoint Residential Trust, In	COM	65341D102	260	5,767	SH		SOLE		1,774	0	3,993
Nextera Energy Inc	COM	65339F101	11,513	47,541	SH		SOLE		17,371	0	30,170
Norfolk Southern Corp	COM	655844108	7,257	37,384	SH		SOLE		14,784	0	22,600
NuSTAR Energy L.P.	COM	67058H102	1,177	45,550	SH		SOLE		45,550	0	0
Office Properties Income Trust	COM	67623C109	1,132	35,216	SH		SOLE		16,987	0	18,229
ONEOK Inc.	COM	682680103	2,652	35,044	SH		SOLE		35,044	0	0
Park Hotels & Resorts Inc	COM	700517105	712	27,522	SH		SOLE		0	0	27,522
Pebblebrook Hotel Trust	COM	70509V100	1,538	57,370	SH		SOLE		22,329	0	35,041
Phillips 66 Partners LP	COM	718549207	1,486	24,100	SH		SOLE		24,100	0	0
Piedmont Office Realty Trust I	COM	720190206	80,946	3,639,679	SH		SOLE		1,997,754	0	1,641,925
Plains All American Pipeline,	COM	726503105	2,940	159,887	SH		SOLE		159,887	0	0
ProLogis Inc.	COM	74340W103	367,555	4,123,340	SH		SOLE		2,212,336	0	1,911,004
Public Service Enterprise Grou	COM	744573106	7,071	119,739	SH		SOLE		42,239	0	77,500
QTS Realty Trust Inc	COM	74736A103	56,891	1,048,304	SH		SOLE		544,960	0	503,344
Regency Centers Corporation	COM	758849103	32,996	522,995	SH		SOLE		256,165	0	266,830
Retail Properties of America,	COM	76131V202	55,322	4,128,500	SH		SOLE		2,163,942	0	1,964,558
Rexford Industrial Realty, Inc	COM	76169C100	3,311	72,505	SH		SOLE		0	0	72,505
Ryman Hospitality Properties	COM	78377T107	8,678	100,134	SH		SOLE		37,857	0	62,277
Sempra Energy	COM	816851109	7,102	46,882	SH		SOLE		16,382	0	30,500
Simon Property Group Inc.	COM	828806109	201,094	1,349,984	SH		SOLE		688,293	0	661,691
Site Centers Corp	COM	82981J109	18,970	1,353,077	SH		SOLE		863,478	0	489,599
Southwest Gas Holdings Inc.	COM	844895102	4,447	58,531	SH		SOLE		20,531	0	38,000
Spirit Realty Capital Inc.	COM	84860W300	24,514	498,451	SH		SOLE		136,520	0	361,931
STAG Industrial, Inc.	COM	85254J102	36,937	1,169,996	SH		SOLE		450,644	0	719,352
STORE Capital Corp	COM	862121100	133,094	3,573,942	SH		SOLE		1,715,621	0	1,858,321
Sun Communities Inc.	COM	866674104	59,994	399,693	SH		SOLE		155,787	0	243,906
Sunstone Hotel Investors Inc.	COM	867892101	36,073	2,591,476	SH		SOLE		1,590,713	0	1,000,763
Targa Resources Corp.	COM	87612G101	1,854	45,418	SH		SOLE		45,418	0	0
Taubman Centers Inc.	COM	876664103	49,278	1,585,021	SH		SOLE		910,156	0	674,865
TC Energy Corp	COM	87807B107	1,652	30,992	SH		SOLE		30,992	0	0
TC Pipelines L.P.	COM	87233Q108	1,303	30,800	SH		SOLE		30,800	0	0
UDR Inc.	COM	902653104	8,957	191,808	SH		SOLE		0	0	191,808
Union Pacific Corp	COM	907818108	9,718	53,753	SH		SOLE		18,453	0	35,300
Urban Edge Properties	COM	91704F104	18,742	977,175	SH		SOLE		470,417	0	506,758
Ventas Inc.	COM	92276F100	7,219	125,024	SH		SOLE		0	0	125,024
VEREIT Inc	COM	92339V100	176,809	19,135,175	SH		SOLE		10,041,120	0	9,094,055
Vici Properties Inc.	COM	925652109	128,581	5,032,509	SH		SOLE		3,051,881	0	1,980,628
Vornado Realty Trust	COM	929042109	59,203	890,268	SH		SOLE		439,014	0	451,254
Welltower Inc.	COM	95040Q104	132,576	1,621,124	SH		SOLE		810,446	0	810,678
Western Midstream Partners LP	COM	958669103	903	45,874	SH		SOLE		45,874	0	0
Williams Cos.	COM	969457100	8,481	357,545	SH		SOLE		186,645	0	170,900
Zayo Group Holdings Inc	COM	98919V105	1,991	57,451	SH		SOLE		19,651	0	37,800