Spirit Of America Management 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.	STOCK	008492100	216	3,250	SH		SOLE		0	0	0
Alexandria Real Estate Equities, Inc.	STOCK	015271109	2,888	14,350	SH		SOLE		0	0	0
American Assets Trust, Inc.	STOCK	024013104	133	3,500	SH		SOLE		0	0	0
American Campus Communities, Inc.	STOCK	024835100	56	1,000	SH		SOLE		0	0	0
American Homes 4 Rent	STOCK	02665T306	602	15,050	SH		SOLE		0	0	0
American Tower Corp.	STOCK	03027X100	1,774	7,060	SH		SOLE		0	0	0
Americold Realty Trust	STOCK	03064D108	270	9,700	SH		SOLE		0	0	0
Apartment Income REIT Corp.	STOCK	03750L109	1,385	25,902	SH		SOLE		0	0	0
Apple Hospitality REIT, Inc.	STOCK	03784Y200	399	22,210	SH		SOLE		0	0	0
AvalonBay Communities, Inc.	STOCK	053484101	4,170	16,790	SH		SOLE		0	0	0
Blackstone Mortgage Trust, Inc.	STOCK	09257W100	753	23,700	SH		SOLE		0	0	0
Blackstone Group LP/The	STOCK	09260D107	419	3,300	SH		SOLE		0	0	0
Boston Properties, Inc.	STOCK	101121101	923	7,165	SH		SOLE		0	0	0
Brixmor Property Group, Inc.	STOCK	11120U105	1,225	47,475	SH		SOLE		0	0	0
Camden Property Trust	STOCK	133131102	2,294	13,800	SH		SOLE		0	0	0
Cheniere Energy Partners LP	STOCK	16411Q101	113	2,000	SH		SOLE		0	0	0
City Office REIT, Inc.	STOCK	178587101	1,047	59,308	SH		SOLE		0	0	0
Crown Castle International Corp.	STOCK	22822V101	2,498	13,530	SH		SOLE		0	0	0
CubeSmart	STOCK	229663109	1,080	20,750	SH		SOLE		0	0	0
D.R. Horton, Inc.	STOCK	23331A109	194	2,600	SH		SOLE		0	0	0
Digital Realty Trust, Inc.	STOCK	253868103	4,655	32,831	SH		SOLE		0	0	0
Duke Realy Corp.	STOCK	264411505	218	3,750	SH		SOLE		0	0	0
Energy Transfer LP	STOCK	29273V100	28	2,500	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	52	2,000	SH		SOLE		0	0	0
Equinix, Inc.	STOCK	29444U700	4,902	6,610	SH		SOLE		0	0	0
Equity LifeStyle Properties, Inc.	STOCK	29472R108	2,765	36,150	SH		SOLE		0	0	0
Equity Residential	STOCK	29476L107	2,762	30,715	SH		SOLE		0	0	0
Essex Property Trust, Inc.	STOCK	297178105	2,742	7,936	SH		SOLE		0	0	0
Extra Space Storage, Inc.	STOCK	30225T102	2,713	13,195	SH		SOLE		0	0	0
Four Corners Property Trust, Inc.	STOCK	35086T109	135	5,000	SH		SOLE		0	0	0
Gaming and Leisure Properties, Inc.	STOCK	36467J108	1,543	32,885	SH		SOLE		0	0	0
Getty Realty Corp.	STOCK	374297109	29	1,000	SH		SOLE		0	0	0
Gladstone Commercial Corp.	STOCK	376536108	495	22,500	SH		SOLE		0	0	0
Global Medical REIT, Inc.	STOCK	37954A204	245	15,000	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure	STOCK	41068X100	224	4,717	SH		SOLE		0	0	0
Healthcare Trust of America, Inc.	STOCK	42225P501	313	10,000	SH		SOLE		0	0	0
Healthpeak Properties, Inc.	STOCK	42250P103	1,358	39,568	SH		SOLE		0	0	0
Host Hotels & Resorts, Inc.	STOCK	44107P104	591	30,400	SH		SOLE		0	0	0
Hudson Pacific Properties, Inc.	STOCK	444097109	806	29,050	SH		SOLE		0	0	0
Innovative Industrial Properties, Inc.	STOCK	45781V101	4,981	24,250	SH		SOLE		0	0	0
Invitation Homes, Inc.	STOCK	46187W107	868	21,600	SH		SOLE		0	0	0
Iron Mountain, Inc.	STOCK	46284V101	817	14,750	SH		SOLE		0	0	0
Kilroy Realty Corp.	STOCK	49427F108	544	7,115	SH		SOLE		0	0	0
Kimco Realty Corp.	STOCK	49446R109	681	27,569	SH		SOLE		0	0	0
Lennar Corp.	STOCK	526057104	325	4,000	SH		SOLE		0	0	0
Lexington Realty Trust	STOCK	529043101	42	2,700	SH		SOLE		0	0	0
Life Storage, Inc.	STOCK	53223X107	3,111	22,150	SH		SOLE		0	0	0
MGM Growth Properties LLC	STOCK	55303A105	1,892	48,900	SH		SOLE		0	0	0
MPLX LP	STOCK	55336V100	66	2,000	SH		SOLE		0	0	0
Medical Properties Trust, Inc.	STOCK	58463J304	624	29,500	SH		SOLE		0	0	0
Mid-America Apartment Communities, Inc.	STOCK	59522J103	3,838	18,322	SH		SOLE		0	0	0
National Retail Properties, Inc.	STOCK	637417106	798	17,750	SH		SOLE		0	0	0
Omega Healthcare Investors, Inc.	STOCK	681936100	156	5,000	SH		SOLE		0	0	0
One Liberty Properties, Inc.	STOCK	682406103	77	2,500	SH		SOLE		0	0	0
Park Hotels & Resorts, Inc.	STOCK	700517105	181	9,250	SH		SOLE		0	0	0
Pebblebrook Hotel Trust	STOCK	70509V100	859	35,081	SH		SOLE		0	0	0
Physicians Realty Trust	STOCK	71943U104	278	15,850	SH		SOLE		0	0	0
Prologis, Inc.	STOCK	74340W103	15,142	93,770	SH		SOLE		0	0	0
Public Storage	STOCK	74460D109	3,230	8,275	SH		SOLE		0	0	0
Realty Income Corp.	STOCK	756109104	2,043	29,485	SH		SOLE		0	0	0
Regency Centers Corp.	STOCK	758849103	2,140	30,000	SH		SOLE		0	0	0
Rexford Industrial Realty, Inc.	STOCK	76169C100	283	3,800	SH		SOLE		0	0	0
Simon Property Group, Inc.	STOCK	828806109	4,118	31,300	SH		SOLE		0	0	0
STAG Industrial, Inc.	STOCK	85254J102	1,900	45,950	SH		SOLE		0	0	0
Starwood Property Trust, Inc.	STOCK	85571B105	653	27,000	SH		SOLE		0	0	0
STORE Capital Corp.	STOCK	862121100	88	3,000	SH		SOLE		0	0	0
Summit Hotel Properties, Inc.	STOCK	866082100	90	9,000	SH		SOLE		0	0	0
Sun Communities, Inc.	STOCK	866674104	5,075	28,950	SH		SOLE		0	0	0
Sunstone Hotel Investors, Inc.	STOCK	867892101	185	15,700	SH		SOLE		0	0	0
Switch, Inc.	STOCK	87105L104	647	21,000	SH		SOLE		0	0	0
Tanger Factory Outlet Centers, Inc.	STOCK	875465106	431	25,100	SH		SOLE		0	0	0
Targa Resources Corp.	STOCK	87612G101	75	1,000	SH		SOLE		0	0	0
Terreno Realty Corp.	STOCK	88146M101	3,103	41,900	SH		SOLE		0	0	0
Toll Brothers, Inc.	STOCK	889478103	263	5,600	SH		SOLE		0	0	0
UDR, Inc.	STOCK	902653104	2,702	47,100	SH		SOLE		0	0	0
UMH Properties, Inc.	STOCK	903002103	258	10,500	SH		SOLE		0	0	0
Ventas, Inc.	STOCK	92276F100	343	5,550	SH		SOLE		0	0	0
VICI Properties, Inc.	STOCK	925652109	569	20,000	SH		SOLE		0	0	0
WP Carey, Inc.	STOCK	92936U109	1,855	22,950	SH		SOLE		0	0	0
Welltower, Inc.	STOCK	95040Q104	1,988	20,675	SH		SOLE		0	0	0
Weyerhaeuser Co.	STOCK	962166104	125	3,300	SH		SOLE		0	0	0
AES Corp.	STOCK	00130H105	103	4,000	SH		SOLE		0	0	0
Abbott Laboratories	STOCK	002824100	367	3,100	SH		SOLE		0	0	0
AbbVie, Inc.	STOCK	00287Y109	3,722	22,957	SH		SOLE		0	0	0
Adobe Systems, Inc.	STOCK	00724F101	775	1,700	SH		SOLE		0	0	0
Advanced Micro Devices, Inc.	STOCK	007903107	230	2,100	SH		SOLE		0	0	0
Alphabet, Inc.	STOCK	02079K305	5,062	1,820	SH		SOLE		0	0	0
Altria Group, Inc.	STOCK	02209S103	640	12,250	SH		SOLE		0	0	0
Amazon.com, Inc.	STOCK	023135106	2,380	730	SH		SOLE		0	0	0
American Electric Power Co., Inc.	STOCK	025537101	185	1,850	SH		SOLE		0	0	0
American Express Co.	STOCK	025816109	935	5,000	SH		SOLE		0	0	0
American Tower Corp.	STOCK	03027X100	261	1,040	SH		SOLE		0	0	0
Amgen, Inc.	STOCK	031162100	701	2,900	SH		SOLE		0	0	0
Antero Midstream Corp.	STOCK	03676B102	54	5,000	SH		SOLE		0	0	0
Apple, Inc.	STOCK	037833100	9,836	56,332	SH		SOLE		0	0	0
Applied Materials, Inc.	STOCK	038222105	2,256	17,120	SH		SOLE		0	0	0
Baker Hughes Co.	STOCK	05722G100	282	7,750	SH		SOLE		0	0	0
Bank of America Corp.	STOCK	060505104	1,220	29,600	SH		SOLE		0	0	0
Berkshire Hathaway, Inc.	STOCK	084670702	1,225	3,470	SH		SOLE		0	0	0
Blackstone Group LP/The	STOCK	09260D107	1,428	11,250	SH		SOLE		0	0	0
Boeing Co./The	STOCK	097023105	642	3,355	SH		SOLE		0	0	0
Bristol-Myers Squibb Co.	STOCK	110122108	1,187	16,250	SH		SOLE		0	0	0
CF Industries Holdings, Inc.	STOCK	125269100	794	7,700	SH		SOLE		0	0	0
CME Group, Inc.	STOCK	12572Q105	334	1,404	SH		SOLE		0	0	0
CSX Corp.	STOCK	126408103	1,593	42,525	SH		SOLE		0	0	0
CVS Health Corp.	STOCK	126650100	770	7,611	SH		SOLE		0	0	0
The Carlyle Group, Inc.	STOCK	14316J108	296	6,050	SH		SOLE		0	0	0
Caterpillar, Inc.	STOCK	149123101	2,379	10,675	SH		SOLE		0	0	0
Centene Corp.	STOCK	15135B101	850	10,100	SH		SOLE		0	0	0
Cheniere Energy, Inc.	STOCK	16411R208	1,303	9,400	SH		SOLE		0	0	0
Chevron Corp.	STOCK	166764100	2,558	15,710	SH		SOLE		0	0	0
Cisco Systems, Inc.	STOCK	17275R102	962	17,250	SH		SOLE		0	0	0
Citigroup, Inc.	STOCK	172967424	918	17,200	SH		SOLE		0	0	0
Coca-Cola Co./The	STOCK	191216100	459	7,400	SH		SOLE		0	0	0
Cognizant Technology Solutions Corp.	STOCK	192446102	412	4,600	SH		SOLE		0	0	0
Colgate-Palmolive Co.	STOCK	194162103	114	1,500	SH		SOLE		0	0	0
ConAgra Foods, Inc.	STOCK	205887102	238	7,100	SH		SOLE		0	0	0
ConocoPhillips	STOCK	20825C104	1,030	10,300	SH		SOLE		0	0	0
Constellation Brands, Inc.	STOCK	21036P108	276	1,200	SH		SOLE		0	0	0
Corning, Inc.	STOCK	219350105	369	10,000	SH		SOLE		0	0	0
Corteva, Inc.	STOCK	22052L104	416	7,233	SH		SOLE		0	0	0
Costco Wholesale Corp.	STOCK	22160K105	3,484	6,051	SH		SOLE		0	0	0
Crowdstrike Holdings, Inc.	STOCK	22788C105	766	3,375	SH		SOLE		0	0	0
Crown Castle International Corp.	STOCK	22822V101	497	2,690	SH		SOLE		0	0	0
Cummins, Inc.	STOCK	231021106	728	3,550	SH		SOLE		0	0	0
D.R. Horton, Inc.	STOCK	23331A109	600	8,050	SH		SOLE		0	0	0
Deere & Co.	STOCK	244199105	2,233	5,375	SH		SOLE		0	0	0
Dell Technolodies, Inc.	STOCK	24703L202	82	1,624	SH		SOLE		0	0	0
Devon Energy Corp.	STOCK	25179M103	266	4,500	SH		SOLE		0	0	0
Diamondback Energy, Inc.	STOCK	25278X109	199	1,450	SH		SOLE		0	0	0
Walt Disney Co./The	STOCK	254687106	2,599	18,950	SH		SOLE		0	0	0
Dominion Resources, Inc.	STOCK	25746U109	1,020	12,000	SH		SOLE		0	0	0
Dow, Inc.	STOCK	260557103	388	6,083	SH		SOLE		0	0	0
Duke Energy Corp.	STOCK	26441C204	106	950	SH		SOLE		0	0	0
DuPont de Nemours, Inc.	STOCK	26614N102	478	6,500	SH		SOLE		0	0	0
EOG Resources, Inc.	STOCK	26875P101	280	2,350	SH		SOLE		0	0	0
Edison International	STOCK	281020107	147	2,100	SH		SOLE		0	0	0
Edwards LifeSciences Corp.	STOCK	28176E108	353	3,000	SH		SOLE		0	0	0
Enbridge, Inc.	STOCK	29250N105	138	3,000	SH		SOLE		0	0	0
Equinix, Inc.	STOCK	29444U700	1,057	1,425	SH		SOLE		0	0	0
Exxon Mobil Corp.	STOCK	30231G102	607	7,350	SH		SOLE		0	0	0
FedEx Corp.	STOCK	31428X106	1,145	4,950	SH		SOLE		0	0	0
Goldman Sachs Group, Inc./The	STOCK	38141G104	962	2,915	SH		SOLE		0	0	0
HP, Inc.	STOCK	40434L105	566	15,600	SH		SOLE		0	0	0
Halliburton Co.	STOCK	406216101	151	4,000	SH		SOLE		0	0	0
Home Depot, Inc./The	STOCK	437076102	2,271	7,588	SH		SOLE		0	0	0
Honeywell International, Inc.	STOCK	438516106	1,615	8,300	SH		SOLE		0	0	0
Humana, Inc.	STOCK	444859102	587	1,350	SH		SOLE		0	0	0
International Business Machines Corp.	STOCK	459200101	347	2,668	SH		SOLE		0	0	0
International Paper Co.	STOCK	460146103	23	500	SH		SOLE		0	0	0
JPMorgan Chase & Co.	STOCK	46625H100	2,862	20,992	SH		SOLE		0	0	0
Kinder Morgan, Inc.	STOCK	49456B101	430	22,750	SH		SOLE		0	0	0
Kroger Co./The	STOCK	501044101	516	9,000	SH		SOLE		0	0	0
Lamb Weston Holdings, Inc.	STOCK	513272104	258	4,300	SH		SOLE		0	0	0
Lennar Corp.	STOCK	526057104	556	6,850	SH		SOLE		0	0	0
Lowe's Cos., Inc.	STOCK	548661107	354	1,750	SH		SOLE		0	0	0
MGM Growth Properties LLC	STOCK	55303A105	87	2,250	SH		SOLE		0	0	0
Masco Corp.	STOCK	574599106	536	10,500	SH		SOLE		0	0	0
MasterCard, Inc.	STOCK	57636Q104	858	2,400	SH		SOLE		0	0	0
McDonald's Corp.	STOCK	580135101	885	3,580	SH		SOLE		0	0	0
McKesson Corp.	STOCK	58155Q103	689	2,250	SH		SOLE		0	0	0
Merck & Co., Inc.	STOCK	58933Y105	1,481	18,050	SH		SOLE		0	0	0
Microsoft Corp.	STOCK	594918104	7,257	23,539	SH		SOLE		0	0	0
Microchip Technology, Inc.	STOCK	595017104	485	6,450	SH		SOLE		0	0	0
Mid-America Apartment Communities, Inc.	STOCK	59522J103	105	500	SH		SOLE		0	0	0
Moderna, Inc.	STOCK	60770K107	172	1,000	SH		SOLE		0	0	0
Morgan Stanley	STOCK	617446448	262	3,000	SH		SOLE		0	0	0
NetApp, Inc.	STOCK	64110D104	216	2,600	SH		SOLE		0	0	0
Netflix, Inc.	STOCK	64110L106	393	1,050	SH		SOLE		0	0	0
NextEra Energy, Inc.	STOCK	65339F101	2,467	29,125	SH		SOLE		0	0	0
NIKE, Inc.	STOCK	654106103	148	1,100	SH		SOLE		0	0	0
NortonLifeLock, Inc.	STOCK	668771108	735	27,700	SH		SOLE		0	0	0
NVIDIA Corp.	STOCK	67066G104	10,367	37,992	SH		SOLE		0	0	0
Occidental Petroleum Corp.	STOCK	674599105	142	2,500	SH		SOLE		0	0	0
ONEOK, Inc.	STOCK	682680103	141	2,000	SH		SOLE		0	0	0
Oracle Corp.	STOCK	68389X105	2,604	31,475	SH		SOLE		0	0	0
Paychex, Inc.	STOCK	704326107	525	3,850	SH		SOLE		0	0	0
PepsiCo, Inc.	STOCK	713448108	402	2,400	SH		SOLE		0	0	0
Pfizer, Inc.	STOCK	717081103	422	8,150	SH		SOLE		0	0	0
Philip Morris International, Inc.	STOCK	718172109	714	7,600	SH		SOLE		0	0	0
Phillips 66	STOCK	718546104	510	5,900	SH		SOLE		0	0	0
Pioneer Natural Resources Co.	STOCK	723787107	900	3,600	SH		SOLE		0	0	0
Procter & Gamble Co./The	STOCK	742718109	1,110	7,265	SH		SOLE		0	0	0
Prologis, Inc.	STOCK	74340W103	1,284	7,950	SH		SOLE		0	0	0
QUALCOMM, Inc.	STOCK	747525103	543	3,550	SH		SOLE		0	0	0
Quest Diagnostics, Inc.	STOCK	74834L100	616	4,500	SH		SOLE		0	0	0
Raytheon Technologies Corp.	STOCK	75513E101	208	2,100	SH		SOLE		0	0	0
SVB Financial Group	STOCK	78486Q101	1,663	2,973	SH		SOLE		0	0	0
Schlumberger Ltd.	STOCK	806857108	21	500	SH		SOLE		0	0	0
Signature Bank	STOCK	82669G104	3,133	10,675	SH		SOLE		0	0	0
Simon Property Group, Inc.	STOCK	828806109	92	700	SH		SOLE		0	0	0
Sun Communities, Inc.	STOCK	866674104	649	3,700	SH		SOLE		0	0	0
Target Corp.	STOCK	87612E106	2,627	12,380	SH		SOLE		0	0	0
Targa Resources Corp.	STOCK	87612G101	272	3,600	SH		SOLE		0	0	0
TC Energy Corp.	STOCK	87807B107	28	500	SH		SOLE		0	0	0
Terreno Realty Corp.	STOCK	88146M101	154	2,075	SH		SOLE		0	0	0
Texas Instruments, Inc.	STOCK	882508104	2,271	12,375	SH		SOLE		0	0	0
Thermo Fisher Scientific, Inc.	STOCK	883556102	910	1,540	SH		SOLE		0	0	0
3M Co.	STOCK	88579Y101	95	640	SH		SOLE		0	0	0
Toll Brothers, Inc.	STOCK	889478103	242	5,150	SH		SOLE		0	0	0
Uber Technologies, Inc.	STOCK	90353T100	107	3,000	SH		SOLE		0	0	0
Union Pacific Corp.	STOCK	907818108	41	150	SH		SOLE		0	0	0
United Parcel Service, Inc.	STOCK	911312106	483	2,250	SH		SOLE		0	0	0
UnitedHealth Group, Inc.	STOCK	91324P102	1,211	2,375	SH		SOLE		0	0	0
Valero Energy Corp.	STOCK	91913Y100	1,565	15,415	SH		SOLE		0	0	0
Verizon Communications, Inc.	STOCK	92343V104	1,454	28,540	SH		SOLE		0	0	0
Visa, Inc.	STOCK	92826C839	1,586	7,150	SH		SOLE		0	0	0
WEC Energy Group, Inc.	STOCK	92939U106	818	8,200	SH		SOLE		0	0	0
Wal-Mart Stores, Inc.	STOCK	931142103	2,038	13,684	SH		SOLE		0	0	0
Waste Connections, Inc.	STOCK	94106B101	1,841	13,175	SH		SOLE		0	0	0
Wells Fargo & Co.	STOCK	949746101	315	6,500	SH		SOLE		0	0	0
WestRock Co.	STOCK	96145D105	24	500	SH		SOLE		0	0	0
Weyerhaeuser Co.	STOCK	962166104	19	500	SH		SOLE		0	0	0
Williams Cos, Inc./The	STOCK	969457100	1,671	50,000	SH		SOLE		0	0	0
Workday, Inc.	STOCK	98138H101	2,354	9,830	SH		SOLE		0	0	0
Accenture PLC	STOCK	G1151C101	1,459	4,325	SH		SOLE		0	0	0
Johnson Controls International PLC	STOCK	G51502105	541	8,253	SH		SOLE		0	0	0
Linde Public Limited Company	STOCK	G5494J103	447	1,400	SH		SOLE		0	0	0
Medtronic PLC	STOCK	G5960L103	784	7,069	SH		SOLE		0	0	0
Garmin Ltd.	STOCK	H2906T109	225	1,900	SH		SOLE		0	0	0
AT&T, Inc.	STOCK	00206R102	236	10,000	SH		SOLE		0	0	0
AbbVie, Inc.	STOCK	00287Y109	2,432	15,000	SH		SOLE		0	0	0
Blackstone Mortgage Trust, Inc.	STOCK	09257W100	368	11,565	SH		SOLE		0	0	0
Blackstone Group LP/The	STOCK	09260D107	476	3,750	SH		SOLE		0	0	0
Chevron Corp.	STOCK	166764100	1,791	11,000	SH		SOLE		0	0	0
Citigroup, Inc.	STOCK	172967424	694	13,000	SH		SOLE		0	0	0
City Office REIT, Inc.	STOCK	178587101	177	10,000	SH		SOLE		0	0	0
Dominion Resources, Inc.	STOCK	25746U109	425	5,000	SH		SOLE		0	0	0
Duke Energy Corp.	STOCK	26441C204	1,061	9,500	SH		SOLE		0	0	0
Enbridge, Inc.	STOCK	29250N105	1,372	29,763	SH		SOLE		0	0	0
Energy Transfer LP	STOCK	29273V100	336	30,000	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	516	20,000	SH		SOLE		0	0	0
Gilead Sciences, Inc.	STOCK	375558103	178	3,000	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure	STOCK	41068X100	474	10,000	SH		SOLE		0	0	0
Kinder Morgan, Inc.	STOCK	49456B101	756	40,000	SH		SOLE		0	0	0
MPLX LP	STOCK	55336V100	664	20,000	SH		SOLE		0	0	0
Medical Properties Trust, Inc.	STOCK	58463J304	106	5,000	SH		SOLE		0	0	0
Merck & Co., Inc.	STOCK	58933Y105	492	6,000	SH		SOLE		0	0	0
Philip Morris International, Inc.	STOCK	718172109	1,033	11,000	SH		SOLE		0	0	0
Phillips 66	STOCK	718546104	691	8,000	SH		SOLE		0	0	0
Physicians Realty Trust	STOCK	71943U104	35	2,000	SH		SOLE		0	0	0
Simon Property Group, Inc.	STOCK	828806109	197	1,500	SH		SOLE		0	0	0
Spirit Realty Capital, Inc.	STOCK	84860W300	184	4,000	SH		SOLE		0	0	0
TC Energy Corp.	STOCK	87807B107	1,159	20,536	SH		SOLE		0	0	0
Valero Energy Corp.	STOCK	91913Y100	1,117	11,000	SH		SOLE		0	0	0
Verizon Communications, Inc.	STOCK	92343V104	1,019	20,000	SH		SOLE		0	0	0
Williams Cos, Inc./The	STOCK	969457100	1,420	42,500	SH		SOLE		0	0	0
AT&T, Inc.	STOCK	00206R102	97	4,114	SH		SOLE		0	0	0
AbbVie, Inc.	STOCK	00287Y109	648	4,000	SH		SOLE		0	0	0
Alphabet, Inc.	STOCK	02079K107	531	190	SH		SOLE		0	0	0
Alphabet, Inc.	STOCK	02079K305	695	250	SH		SOLE		0	0	0
Amazon.com, Inc.	STOCK	023135106	570	175	SH		SOLE		0	0	0
American Electric Power Co., Inc.	STOCK	025537101	115	1,155	SH		SOLE		0	0	0
Apple, Inc.	STOCK	037833100	567	3,250	SH		SOLE		0	0	0
Blackstone Mortgage Trust, Inc.	STOCK	09257W100	102	3,207	SH		SOLE		0	0	0
Blackstone Group LP/The	STOCK	09260D107	698	5,500	SH		SOLE		0	0	0
Caterpillar, Inc.	STOCK	149123101	156	700	SH		SOLE		0	0	0
Cheniere Energy Partners LP	STOCK	16411Q101	130	2,300	SH		SOLE		0	0	0
Citigroup, Inc.	STOCK	172967424	187	3,500	SH		SOLE		0	0	0
Crowdstrike Holdings, Inc.	STOCK	22788C105	79	350	SH		SOLE		0	0	0
Deere & Co.	STOCK	244199105	478	1,150	SH		SOLE		0	0	0
Dow, Inc.	STOCK	260557103	64	1,000	SH		SOLE		0	0	0
Duke Energy Corp.	STOCK	26441C204	112	1,000	SH		SOLE		0	0	0
Energy Transfer LP	STOCK	29273V100	194	17,350	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	279	10,805	SH		SOLE		0	0	0
Fifth Third Bancorp	STOCK	316773100	146	3,400	SH		SOLE		0	0	0
Home Depot, Inc./The	STOCK	437076102	299	1,000	SH		SOLE		0	0	0
Honeywell International, Inc.	STOCK	438516106	107	550	SH		SOLE		0	0	0
JPMorgan Chase & Co.	STOCK	46625H100	136	1,000	SH		SOLE		0	0	0
Kinder Morgan, Inc.	STOCK	49456B101	142	7,500	SH		SOLE		0	0	0
Lennar Corp.	STOCK	526057104	227	2,800	SH		SOLE		0	0	0
MPLX LP	STOCK	55336V100	294	8,850	SH		SOLE		0	0	0
Magellan Midstream Partners LP	STOCK	559080106	134	2,725	SH		SOLE		0	0	0
MasterCard, Inc.	STOCK	57636Q104	71	200	SH		SOLE		0	0	0
Microsoft Corp.	STOCK	594918104	617	2,000	SH		SOLE		0	0	0
Netflix, Inc.	STOCK	64110L106	187	500	SH		SOLE		0	0	0
NVIDIA Corp.	STOCK	67066G104	2,232	8,180	SH		SOLE		0	0	0
PayPal Holdings, Inc.	STOCK	70450Y103	173	1,500	SH		SOLE		0	0	0
Prologis, Inc.	STOCK	74340W103	484	3,000	SH		SOLE		0	0	0
ProShares Short S&P 500 ETF	STOCK	74347B425	141	10,000	SH		SOLE		0	0	0
Starwood Property Trust, Inc.	STOCK	85571B105	101	4,175	SH		SOLE		0	0	0
Sun Communities, Inc.	STOCK	866674104	125	714	SH		SOLE		0	0	0
Terreno Realty Corp.	STOCK	88146M101	518	7,000	SH		SOLE		0	0	0
Uber Technologies, Inc.	STOCK	90353T100	143	4,000	SH		SOLE		0	0	0
Verizon Communications, Inc.	STOCK	92343V104	255	5,000	SH		SOLE		0	0	0
Viper Energy Partners LP	STOCK	92763M105	95	3,200	SH		SOLE		0	0	0
Visa, Inc.	STOCK	92826C839	78	350	SH		SOLE		0	0	0
WP Carey, Inc.	STOCK	92936U109	108	1,340	SH		SOLE		0	0	0
Welltower, Inc.	STOCK	95040Q104	112	1,160	SH		SOLE		0	0	0
Williams Cos, Inc./The	STOCK	969457100	84	2,500	SH		SOLE		0	0	0
Algonquin Power & Utilities Corp.	STOCK	015857105	210	13,500	SH		SOLE		0	0	0
Antero Midstream Corp.	STOCK	03676B102	621	57,100	SH		SOLE		0	0	0
BP Midstream Partners LP	STOCK	0556EL109	2,394	141,496	SH		SOLE		0	0	0
Baker Hughes Co.	STOCK	05722G100	1,584	43,500	SH		SOLE		0	0	0
Black Stone Minerals, L.P.	STOCK	09225M101	5,805	431,249	SH		SOLE		0	0	0
CNX Resources Corp.	STOCK	12653C108	104	5,000	SH		SOLE		0	0	0
Cheniere Energy Partners LP	STOCK	16411Q101	12,307	218,369	SH		SOLE		0	0	0
Cheniere Energy, Inc.	STOCK	16411R208	4,835	34,875	SH		SOLE		0	0	0
Chevron Corp.	STOCK	166764100	14,660	90,030	SH		SOLE		0	0	0
Crestwood Equity Partners LP	STOCK	226344208	239	8,000	SH		SOLE		0	0	0
DCP Midstream LP	STOCK	23311P100	2,638	78,600	SH		SOLE		0	0	0
Devon Energy Corp.	STOCK	25179M103	296	5,000	SH		SOLE		0	0	0
Diamondback Energy, Inc.	STOCK	25278X109	233	1,700	SH		SOLE		0	0	0
Dominion Resources, Inc.	STOCK	25746U109	4,159	48,942	SH		SOLE		0	0	0
Duke Energy Corp.	STOCK	26441C204	335	3,000	SH		SOLE		0	0	0
EOG Resources, Inc.	STOCK	26875P101	137	1,150	SH		SOLE		0	0	0
Enbridge, Inc.	STOCK	29250N105	10,226	221,877	SH		SOLE		0	0	0
Energy Transfer LP	STOCK	29273V100	7,322	654,370	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	13,618	527,636	SH		SOLE		0	0	0
Eversource Energy	STOCK	30040W108	172	1,950	SH		SOLE		0	0	0
Exxon Mobil Corp.	STOCK	30231G102	4,098	49,620	SH		SOLE		0	0	0
Hess Midstream LP	STOCK	428103105	7,015	233,837	SH		SOLE		0	0	0
Holly Energy Partners LP	STOCK	435763107	662	37,419	SH		SOLE		0	0	0
Kinder Morgan, Inc.	STOCK	49456B101	7,479	395,494	SH		SOLE		0	0	0
MPLX LP	STOCK	55336V100	15,541	468,397	SH		SOLE		0	0	0
Magellan Midstream Partners LP	STOCK	559080106	11,120	226,615	SH		SOLE		0	0	0
Marathon Oil Corp.	STOCK	565849106	1,287	51,273	SH		SOLE		0	0	0
Marathon Petroleum Corp.	STOCK	56585A102	8,479	99,171	SH		SOLE		0	0	0
NextEra Energy, Inc.	STOCK	65339F101	381	4,500	SH		SOLE		0	0	0
NextEra Energy Partners LP	STOCK	65341B106	513	6,150	SH		SOLE		0	0	0
Occidental Petroleum Corp.	STOCK	674599105	85	1,500	SH		SOLE		0	0	0
ONEOK, Inc.	STOCK	682680103	7,728	109,421	SH		SOLE		0	0	0
PPL Corp.	STOCK	69351T106	578	20,250	SH		SOLE		0	0	0
Phillips 66	STOCK	718546104	12,020	139,136	SH		SOLE		0	0	0
Pioneer Natural Resources Co.	STOCK	723787107	5,344	21,372	SH		SOLE		0	0	0
Plains All American Pipeline LP	STOCK	726503105	2,765	257,000	SH		SOLE		0	0	0
Schlumberger Ltd.	STOCK	806857108	41	1,000	SH		SOLE		0	0	0
SolarEdge Technologies, Inc.	STOCK	83417M104	290	900	SH		SOLE		0	0	0
Sunoco LP	STOCK	86765K109	4,185	102,474	SH		SOLE		0	0	0
Targa Resources Corp.	STOCK	87612G101	1,785	23,650	SH		SOLE		0	0	0
TC Energy Corp.	STOCK	87807B107	6,682	118,428	SH		SOLE		0	0	0
UGI Corp.	STOCK	902681105	3,185	87,922	SH		SOLE		0	0	0
USA Compression Partners LP	STOCK	90290N109	2,717	154,284	SH		SOLE		0	0	0
Valero Energy Corp.	STOCK	91913Y100	9,831	96,819	SH		SOLE		0	0	0
Viper Energy Partners LP	STOCK	92763M105	296	10,000	SH		SOLE		0	0	0
Western Midstream Partners LP	STOCK	958669103	3,357	133,100	SH		SOLE		0	0	0
Williams Cos, Inc./The	STOCK	969457100	15,044	450,282	SH		SOLE		0	0	0
Brookfield Renewable Partners LP	STOCK	G16258108	1,681	40,925	SH		SOLE		0	0	0