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

OMB APPROVAL

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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	558	8,250	SH		SOLE		0	0	0
Alexandria Real Estate Equities, Inc.	STOCK	015271109	1,984	14,150	SH		SOLE		0	0	0
American Assets Trust, Inc.	STOCK	024013104	90	3,500	SH		SOLE		0	0	0
American Homes 4 Rent	STOCK	02665T306	494	15,050	SH		SOLE		0	0	0
American Tower Corp.	STOCK	03027X100	1,709	7,960	SH		SOLE		0	0	0
Americold Realty Trust	STOCK	03064D108	140	5,700	SH		SOLE		0	0	0
Apartment Income REIT Corp.	STOCK	03750L109	1,000	25,902	SH		SOLE		0	0	0
Apple Hospitality REIT, Inc.	STOCK	03784Y200	601	42,710	SH		SOLE		0	0	0
AvalonBay Communities, Inc.	STOCK	053484101	3,093	16,790	SH		SOLE		0	0	0
Black Stone Minerals, L.P.	STOCK	09225M101	282	18,000	SH		SOLE		0	0	0
Blackstone Mortgage Trust, Inc.	STOCK	09257W100	647	27,700	SH		SOLE		0	0	0
Blackstone Group LP/The	STOCK	09260D107	276	3,300	SH		SOLE		0	0	0
Boston Properties, Inc.	STOCK	101121101	743	9,915	SH		SOLE		0	0	0
Brixmor Property Group, Inc.	STOCK	11120U105	932	50,475	SH		SOLE		0	0	0
Camden Property Trust	STOCK	133131102	1,648	13,800	SH		SOLE		0	0	0
Cheniere Energy Partners LP	STOCK	16411Q101	694	13,000	SH		SOLE		0	0	0
City Office REIT, Inc.	STOCK	178587101	541	54,308	SH		SOLE		0	0	0
Cousins Properties, Inc.	STOCK	222795502	23	1,000	SH		SOLE		0	0	0
Crown Castle International Corp.	STOCK	22822V101	1,956	13,530	SH		SOLE		0	0	0
CubeSmart	STOCK	229663109	831	20,750	SH		SOLE		0	0	0
Digital Realty Trust, Inc.	STOCK	253868103	2,988	30,131	SH		SOLE		0	0	0
Duke Realy Corp.	STOCK	264411505	277	5,750	SH		SOLE		0	0	0
Energy Transfer LP	STOCK	29273V100	469	42,500	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	166	7,000	SH		SOLE		0	0	0
Equinix, Inc.	STOCK	29444U700	3,988	7,010	SH		SOLE		0	0	0
Equity LifeStyle Properties, Inc.	STOCK	29472R108	2,209	35,150	SH		SOLE		0	0	0
Equity Residential	STOCK	29476L107	2,065	30,715	SH		SOLE		0	0	0
Essex Property Trust, Inc.	STOCK	297178105	1,922	7,936	SH		SOLE		0	0	0
Extra Space Storage, Inc.	STOCK	30225T102	2,313	13,395	SH		SOLE		0	0	0
Federal Realty Investment Trust	STOCK	313745101	1,235	13,700	SH		SOLE		0	0	0
Four Corners Property Trust, Inc.	STOCK	35086T109	121	5,000	SH		SOLE		0	0	0
Gaming and Leisure Properties, Inc.	STOCK	36467J108	1,499	33,885	SH		SOLE		0	0	0
Getty Realty Corp.	STOCK	374297109	27	1,000	SH		SOLE		0	0	0
Gladstone Commercial Corp.	STOCK	376536108	349	22,500	SH		SOLE		0	0	0
Global Medical REIT, Inc.	STOCK	37954A204	128	15,000	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure	STOCK	41068X100	141	4,717	SH		SOLE		0	0	0
Healthcare Realty Trust, Inc.	STOCK	42226K105	209	10,000	SH		SOLE		0	0	0
Healthpeak Properties, Inc.	STOCK	42250P103	907	39,568	SH		SOLE		0	0	0
Hess Midstream LP	STOCK	428103105	26	1,000	SH		SOLE		0	0	0
Host Hotels & Resorts, Inc.	STOCK	44107P104	729	45,900	SH		SOLE		0	0	0
Hudson Pacific Properties, Inc.	STOCK	444097109	342	31,250	SH		SOLE		0	0	0
Innovative Industrial Properties, Inc.	STOCK	45781V101	1,876	21,200	SH		SOLE		0	0	0
Invitation Homes, Inc.	STOCK	46187W107	68	2,000	SH		SOLE		0	0	0
Iron Mountain, Inc.	STOCK	46284V101	989	22,500	SH		SOLE		0	0	0
Kilroy Realty Corp.	STOCK	49427F108	380	9,015	SH		SOLE		0	0	0
Kimco Realty Corp.	STOCK	49446R109	544	29,569	SH		SOLE		0	0	0
Lexington Realty Trust	STOCK	529043101	25	2,700	SH		SOLE		0	0	0
Life Storage, Inc.	STOCK	53223X107	2,863	25,850	SH		SOLE		0	0	0
MPLX LP	STOCK	55336V100	210	7,000	SH		SOLE		0	0	0
Magellan Midstream Partners LP	STOCK	559080106	29	600	SH		SOLE		0	0	0
Medical Properties Trust, Inc.	STOCK	58463J304	350	29,500	SH		SOLE		0	0	0
Mid-America Apartment Communities, Inc.	STOCK	59522J103	2,841	18,322	SH		SOLE		0	0	0
National Retail Properties, Inc.	STOCK	637417106	708	17,750	SH		SOLE		0	0	0
Omega Healthcare Investors, Inc.	STOCK	681936100	324	11,000	SH		SOLE		0	0	0
One Liberty Properties, Inc.	STOCK	682406103	53	2,500	SH		SOLE		0	0	0
Park Hotels & Resorts, Inc.	STOCK	700517105	104	9,250	SH		SOLE		0	0	0
Pebblebrook Hotel Trust	STOCK	70509V100	614	42,281	SH		SOLE		0	0	0
Physicians Realty Trust	STOCK	71943U104	246	16,350	SH		SOLE		0	0	0
Plains All American Pipeline LP	STOCK	726503105	116	11,000	SH		SOLE		0	0	0
Plains GP Holdings LP	STOCK	72651A207	55	5,000	SH		SOLE		0	0	0
Prologis, Inc.	STOCK	74340W103	8,989	88,470	SH		SOLE		0	0	0
Public Storage	STOCK	74460D109	2,657	9,075	SH		SOLE		0	0	0
Realty Income Corp.	STOCK	756109104	1,832	31,485	SH		SOLE		0	0	0
Regency Centers Corp.	STOCK	758849103	1,616	30,000	SH		SOLE		0	0	0
Rexford Industrial Realty, Inc.	STOCK	76169C100	728	14,000	SH		SOLE		0	0	0
Simon Property Group, Inc.	STOCK	828806109	2,477	27,600	SH		SOLE		0	0	0
STAG Industrial, Inc.	STOCK	85254J102	1,306	45,950	SH		SOLE		0	0	0
Starwood Property Trust, Inc.	STOCK	85571B105	528	29,000	SH		SOLE		0	0	0
STORE Capital Corp.	STOCK	862121100	94	3,000	SH		SOLE		0	0	0
Summit Hotel Properties, Inc.	STOCK	866082100	60	9,000	SH		SOLE		0	0	0
Sun Communities, Inc.	STOCK	866674104	3,823	28,250	SH		SOLE		0	0	0
Sunstone Hotel Investors, Inc.	STOCK	867892101	148	15,700	SH		SOLE		0	0	0
Switch, Inc.	STOCK	87105L104	1,991	59,100	SH		SOLE		0	0	0
Tanger Factory Outlet Centers, Inc.	STOCK	875465106	343	25,100	SH		SOLE		0	0	0
Targa Resources Corp.	STOCK	87612G101	278	4,600	SH		SOLE		0	0	0
Terreno Realty Corp.	STOCK	88146M101	2,220	41,900	SH		SOLE		0	0	0
UDR, Inc.	STOCK	902653104	1,965	47,100	SH		SOLE		0	0	0
UMH Properties, Inc.	STOCK	903002103	170	10,500	SH		SOLE		0	0	0
Ventas, Inc.	STOCK	92276F100	243	6,050	SH		SOLE		0	0	0
VICI Properties, Inc.	STOCK	925652109	2,785	93,297	SH		SOLE		0	0	0
Viper Energy Partners LP	STOCK	92763M105	172	6,000	SH		SOLE		0	0	0
WP Carey, Inc.	STOCK	92936U109	2,104	30,150	SH		SOLE		0	0	0
Welltower, Inc.	STOCK	95040Q104	1,381	21,475	SH		SOLE		0	0	0
Western Midstream Partners LP	STOCK	958669103	94	3,750	SH		SOLE		0	0	0
Weyerhaeuser Co.	STOCK	962166104	94	3,300	SH		SOLE		0	0	0
AES Corp.	STOCK	00130H105	90	4,000	SH		SOLE		0	0	0
AT&T, Inc.	STOCK	00206R102	100	6,500	SH		SOLE		0	0	0
Abbott Laboratories	STOCK	002824100	300	3,100	SH		SOLE		0	0	0
AbbVie, Inc.	STOCK	00287Y109	3,108	23,157	SH		SOLE		0	0	0
Adobe Systems, Inc.	STOCK	00724F101	468	1,700	SH		SOLE		0	0	0
Advanced Micro Devices, Inc.	STOCK	007903107	133	2,100	SH		SOLE		0	0	0
Alphabet, Inc.	STOCK	02079K305	3,472	36,300	SH		SOLE		0	0	0
Altria Group, Inc.	STOCK	02209S103	495	12,250	SH		SOLE		0	0	0
Amazon.com, Inc.	STOCK	023135106	1,650	14,600	SH		SOLE		0	0	0
American Electric Power Co., Inc.	STOCK	025537101	160	1,850	SH		SOLE		0	0	0
American Express Co.	STOCK	025816109	675	5,000	SH		SOLE		0	0	0
American Tower Corp.	STOCK	03027X100	223	1,040	SH		SOLE		0	0	0
Amgen, Inc.	STOCK	031162100	609	2,700	SH		SOLE		0	0	0
Antero Midstream Corp.	STOCK	03676B102	46	5,000	SH		SOLE		0	0	0
Apple, Inc.	STOCK	037833100	7,184	51,982	SH		SOLE		0	0	0
Applied Materials, Inc.	STOCK	038222105	1,198	14,620	SH		SOLE		0	0	0
Baker Hughes Co.	STOCK	05722G100	183	8,750	SH		SOLE		0	0	0
Bank of America Corp.	STOCK	060505104	894	29,600	SH		SOLE		0	0	0
Berkshire Hathaway, Inc.	STOCK	084670702	1,007	3,770	SH		SOLE		0	0	0
Blackstone Group LP/The	STOCK	09260D107	942	11,250	SH		SOLE		0	0	0
Boeing Co./The	STOCK	097023105	406	3,355	SH		SOLE		0	0	0
Bristol-Myers Squibb Co.	STOCK	110122108	1,184	16,650	SH		SOLE		0	0	0
CF Industries Holdings, Inc.	STOCK	125269100	789	8,200	SH		SOLE		0	0	0
CME Group, Inc.	STOCK	12572Q105	249	1,404	SH		SOLE		0	0	0
CSX Corp.	STOCK	126408103	1,133	42,525	SH		SOLE		0	0	0
CNX Resources Corp.	STOCK	12653C108	62	4,000	SH		SOLE		0	0	0
CVS Health Corp.	STOCK	126650100	726	7,611	SH		SOLE		0	0	0
The Carlyle Group, Inc.	STOCK	14316J108	156	6,050	SH		SOLE		0	0	0
Caterpillar, Inc.	STOCK	149123101	1,795	10,940	SH		SOLE		0	0	0
Centene Corp.	STOCK	15135B101	763	9,800	SH		SOLE		0	0	0
Cheniere Energy, Inc.	STOCK	16411R208	2,182	13,150	SH		SOLE		0	0	0
Chevron Corp.	STOCK	166764100	2,401	16,710	SH		SOLE		0	0	0
Cisco Systems, Inc.	STOCK	17275R102	690	17,250	SH		SOLE		0	0	0
Citigroup, Inc.	STOCK	172967424	717	17,200	SH		SOLE		0	0	0
Coca-Cola Co./The	STOCK	191216100	415	7,400	SH		SOLE		0	0	0
Cognizant Technology Solutions Corp.	STOCK	192446102	264	4,600	SH		SOLE		0	0	0
Colgate-Palmolive Co.	STOCK	194162103	105	1,500	SH		SOLE		0	0	0
ConAgra Foods, Inc.	STOCK	205887102	232	7,100	SH		SOLE		0	0	0
ConocoPhillips	STOCK	20825C104	1,054	10,300	SH		SOLE		0	0	0
Constellation Brands, Inc.	STOCK	21036P108	276	1,200	SH		SOLE		0	0	0
Continental Resources, Inc.	STOCK	212015101	67	1,000	SH		SOLE		0	0	0
Corning, Inc.	STOCK	219350105	290	10,000	SH		SOLE		0	0	0
Corteva, Inc.	STOCK	22052L104	413	7,233	SH		SOLE		0	0	0
Costco Wholesale Corp.	STOCK	22160K105	2,952	6,251	SH		SOLE		0	0	0
Crowdstrike Holdings, Inc.	STOCK	22788C105	556	3,375	SH		SOLE		0	0	0
Crown Castle International Corp.	STOCK	22822V101	389	2,690	SH		SOLE		0	0	0
Cummins, Inc.	STOCK	231021106	722	3,550	SH		SOLE		0	0	0
Deere & Co.	STOCK	244199105	1,848	5,535	SH		SOLE		0	0	0
Dell Technolodies, Inc.	STOCK	24703L202	55	1,624	SH		SOLE		0	0	0
Devon Energy Corp.	STOCK	25179M103	631	10,500	SH		SOLE		0	0	0
Diamondback Energy, Inc.	STOCK	25278X109	319	2,650	SH		SOLE		0	0	0
Walt Disney Co./The	STOCK	254687106	1,788	18,950	SH		SOLE		0	0	0
Dominion Resources, Inc.	STOCK	25746U109	898	13,000	SH		SOLE		0	0	0
Dow, Inc.	STOCK	260557103	267	6,083	SH		SOLE		0	0	0
Duke Energy Corp.	STOCK	26441C204	186	2,000	SH		SOLE		0	0	0
DuPont de Nemours, Inc.	STOCK	26614N102	328	6,500	SH		SOLE		0	0	0
EOG Resources, Inc.	STOCK	26875P101	492	4,400	SH		SOLE		0	0	0
Edison International	STOCK	281020107	147	2,600	SH		SOLE		0	0	0
Edwards LifeSciences Corp.	STOCK	28176E108	248	3,000	SH		SOLE		0	0	0
Enbridge, Inc.	STOCK	29250N105	111	3,000	SH		SOLE		0	0	0
Equinix, Inc.	STOCK	29444U700	811	1,425	SH		SOLE		0	0	0
Exxon Mobil Corp.	STOCK	30231G102	659	7,550	SH		SOLE		0	0	0
FedEx Corp.	STOCK	31428X106	735	4,950	SH		SOLE		0	0	0
Goldman Sachs Group, Inc./The	STOCK	38141G104	854	2,915	SH		SOLE		0	0	0
HP, Inc.	STOCK	40434L105	389	15,600	SH		SOLE		0	0	0
Halliburton Co.	STOCK	406216101	98	4,000	SH		SOLE		0	0	0
Home Depot, Inc./The	STOCK	437076102	1,914	6,938	SH		SOLE		0	0	0
Honeywell International, Inc.	STOCK	438516106	1,386	8,300	SH		SOLE		0	0	0
Humana, Inc.	STOCK	444859102	655	1,350	SH		SOLE		0	0	0
International Business Machines Corp.	STOCK	459200101	317	2,668	SH		SOLE		0	0	0
International Paper Co.	STOCK	460146103	16	500	SH		SOLE		0	0	0
JPMorgan Chase & Co.	STOCK	46625H100	2,194	20,992	SH		SOLE		0	0	0
Kinder Morgan, Inc.	STOCK	49456B101	379	22,750	SH		SOLE		0	0	0
Kroger Co./The	STOCK	501044101	394	9,000	SH		SOLE		0	0	0
Lamb Weston Holdings, Inc.	STOCK	513272104	333	4,300	SH		SOLE		0	0	0
Eli Lilly & Co.	STOCK	532457108	841	2,600	SH		SOLE		0	0	0
Lowe's Cos., Inc.	STOCK	548661107	329	1,750	SH		SOLE		0	0	0
Marathon Oil Corp.	STOCK	565849106	23	1,000	SH		SOLE		0	0	0
Marathon Petroleum Corp.	STOCK	56585A102	25	250	SH		SOLE		0	0	0
Masco Corp.	STOCK	574599106	397	8,500	SH		SOLE		0	0	0
MasterCard, Inc.	STOCK	57636Q104	682	2,400	SH		SOLE		0	0	0
McDonald's Corp.	STOCK	580135101	688	2,980	SH		SOLE		0	0	0
McKesson Corp.	STOCK	58155Q103	1,309	3,850	SH		SOLE		0	0	0
Merck & Co., Inc.	STOCK	58933Y105	1,580	18,350	SH		SOLE		0	0	0
Microsoft Corp.	STOCK	594918104	4,830	20,739	SH		SOLE		0	0	0
Microchip Technology, Inc.	STOCK	595017104	394	6,450	SH		SOLE		0	0	0
Mid-America Apartment Communities, Inc.	STOCK	59522J103	78	500	SH		SOLE		0	0	0
Moderna, Inc.	STOCK	60770K107	118	1,000	SH		SOLE		0	0	0
Morgan Stanley	STOCK	617446448	237	3,000	SH		SOLE		0	0	0
NetApp, Inc.	STOCK	64110D104	161	2,600	SH		SOLE		0	0	0
Netflix, Inc.	STOCK	64110L106	247	1,050	SH		SOLE		0	0	0
NextEra Energy, Inc.	STOCK	65339F101	2,244	28,625	SH		SOLE		0	0	0
NIKE, Inc.	STOCK	654106103	91	1,100	SH		SOLE		0	0	0
NortonLifeLock, Inc.	STOCK	668771108	558	27,700	SH		SOLE		0	0	0
NVIDIA Corp.	STOCK	67066G104	4,357	35,892	SH		SOLE		0	0	0
Occidental Petroleum Corp.	STOCK	674599105	369	6,000	SH		SOLE		0	0	0
ONEOK, Inc.	STOCK	682680103	102	2,000	SH		SOLE		0	0	0
Oracle Corp.	STOCK	68389X105	1,702	27,875	SH		SOLE		0	0	0
Paychex, Inc.	STOCK	704326107	432	3,850	SH		SOLE		0	0	0
PepsiCo, Inc.	STOCK	713448108	392	2,400	SH		SOLE		0	0	0
Pfizer, Inc.	STOCK	717081103	357	8,150	SH		SOLE		0	0	0
Philip Morris International, Inc.	STOCK	718172109	610	7,350	SH		SOLE		0	0	0
Phillips 66	STOCK	718546104	585	7,250	SH		SOLE		0	0	0
Pioneer Natural Resources Co.	STOCK	723787107	1,380	6,375	SH		SOLE		0	0	0
Procter & Gamble Co./The	STOCK	742718109	917	7,265	SH		SOLE		0	0	0
Prologis, Inc.	STOCK	74340W103	808	7,950	SH		SOLE		0	0	0
QUALCOMM, Inc.	STOCK	747525103	401	3,550	SH		SOLE		0	0	0
Quest Diagnostics, Inc.	STOCK	74834L100	552	4,500	SH		SOLE		0	0	0
Raytheon Technologies Corp.	STOCK	75513E101	172	2,100	SH		SOLE		0	0	0
SVB Financial Group	STOCK	78486Q101	797	2,373	SH		SOLE		0	0	0
Schlumberger Ltd.	STOCK	806857108	18	500	SH		SOLE		0	0	0
Signature Bank	STOCK	82669G104	630	4,175	SH		SOLE		0	0	0
Simon Property Group, Inc.	STOCK	828806109	63	700	SH		SOLE		0	0	0
Sun Communities, Inc.	STOCK	866674104	501	3,700	SH		SOLE		0	0	0
Target Corp.	STOCK	87612E106	1,755	11,830	SH		SOLE		0	0	0
Targa Resources Corp.	STOCK	87612G101	217	3,600	SH		SOLE		0	0	0
TC Energy Corp.	STOCK	87807B107	20	500	SH		SOLE		0	0	0
Terreno Realty Corp.	STOCK	88146M101	110	2,075	SH		SOLE		0	0	0
Texas Instruments, Inc.	STOCK	882508104	1,768	11,425	SH		SOLE		0	0	0
Thermo Fisher Scientific, Inc.	STOCK	883556102	756	1,490	SH		SOLE		0	0	0
UGI Corp.	STOCK	902681105	32	1,000	SH		SOLE		0	0	0
Union Pacific Corp.	STOCK	907818108	146	750	SH		SOLE		0	0	0
United Parcel Service, Inc.	STOCK	911312106	396	2,450	SH		SOLE		0	0	0
UnitedHealth Group, Inc.	STOCK	91324P102	1,275	2,525	SH		SOLE		0	0	0
Valero Energy Corp.	STOCK	91913Y100	1,770	16,565	SH		SOLE		0	0	0
Verizon Communications, Inc.	STOCK	92343V104	1,084	28,540	SH		SOLE		0	0	0
VICI Properties, Inc.	STOCK	925652109	92	3,073	SH		SOLE		0	0	0
Visa, Inc.	STOCK	92826C839	1,270	7,150	SH		SOLE		0	0	0
WEC Energy Group, Inc.	STOCK	92939U106	850	9,500	SH		SOLE		0	0	0
Wal-Mart Stores, Inc.	STOCK	931142103	1,775	13,684	SH		SOLE		0	0	0
Waste Connections, Inc.	STOCK	94106B101	1,780	13,175	SH		SOLE		0	0	0
Wells Fargo & Co.	STOCK	949746101	261	6,500	SH		SOLE		0	0	0
WestRock Co.	STOCK	96145D105	15	500	SH		SOLE		0	0	0
Weyerhaeuser Co.	STOCK	962166104	14	500	SH		SOLE		0	0	0
Williams Cos, Inc./The	STOCK	969457100	1,575	55,000	SH		SOLE		0	0	0
Workday, Inc.	STOCK	98138H101	1,253	8,230	SH		SOLE		0	0	0
Accenture PLC	STOCK	G1151C101	1,113	4,325	SH		SOLE		0	0	0
Johnson Controls International PLC	STOCK	G51502105	406	8,253	SH		SOLE		0	0	0
Linde Public Limited Company	STOCK	G5494J103	377	1,400	SH		SOLE		0	0	0
Medtronic PLC	STOCK	G5960L103	571	7,069	SH		SOLE		0	0	0
Garmin Ltd.	STOCK	H2906T109	129	1,600	SH		SOLE		0	0	0
AbbVie, Inc.	STOCK	00287Y109	1,476	11,000	SH		SOLE		0	0	0
Blackstone Mortgage Trust, Inc.	STOCK	09257W100	270	11,565	SH		SOLE		0	0	0
Blackstone Group LP/The	STOCK	09260D107	314	3,750	SH		SOLE		0	0	0
Chevron Corp.	STOCK	166764100	1,221	8,500	SH		SOLE		0	0	0
Citigroup, Inc.	STOCK	172967424	208	5,000	SH		SOLE		0	0	0
City Office REIT, Inc.	STOCK	178587101	100	10,000	SH		SOLE		0	0	0
Duke Energy Corp.	STOCK	26441C204	465	5,000	SH		SOLE		0	0	0
Enbridge, Inc.	STOCK	29250N105	1,104	29,763	SH		SOLE		0	0	0
Gilead Sciences, Inc.	STOCK	375558103	185	3,000	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure	STOCK	41068X100	299	10,000	SH		SOLE		0	0	0
Kinder Morgan, Inc.	STOCK	49456B101	666	40,000	SH		SOLE		0	0	0
Medical Properties Trust, Inc.	STOCK	58463J304	59	5,000	SH		SOLE		0	0	0
Philip Morris International, Inc.	STOCK	718172109	913	11,000	SH		SOLE		0	0	0
Phillips 66	STOCK	718546104	646	8,000	SH		SOLE		0	0	0
Physicians Realty Trust	STOCK	71943U104	30	2,000	SH		SOLE		0	0	0
Simon Property Group, Inc.	STOCK	828806109	269	3,000	SH		SOLE		0	0	0
Spirit Realty Capital, Inc.	STOCK	84860W300	145	4,000	SH		SOLE		0	0	0
TC Energy Corp.	STOCK	87807B107	827	20,536	SH		SOLE		0	0	0
Valero Energy Corp.	STOCK	91913Y100	534	5,000	SH		SOLE		0	0	0
Verizon Communications, Inc.	STOCK	92343V104	380	10,000	SH		SOLE		0	0	0
Warner Bros Discovery, Inc.	STOCK	934423104	0	19	SH		SOLE		0	0	0
Williams Cos, Inc./The	STOCK	969457100	1,217	42,500	SH		SOLE		0	0	0
AbbVie, Inc.	STOCK	00287Y109	537	4,000	SH		SOLE		0	0	0
Alphabet, Inc.	STOCK	02079K107	365	3,800	SH		SOLE		0	0	0
Alphabet, Inc.	STOCK	02079K305	478	5,000	SH		SOLE		0	0	0
Amazon.com, Inc.	STOCK	023135106	396	3,500	SH		SOLE		0	0	0
American Electric Power Co., Inc.	STOCK	025537101	100	1,155	SH		SOLE		0	0	0
Apple, Inc.	STOCK	037833100	449	3,250	SH		SOLE		0	0	0
Blackstone Mortgage Trust, Inc.	STOCK	09257W100	75	3,207	SH		SOLE		0	0	0
Blackstone Group LP/The	STOCK	09260D107	460	5,500	SH		SOLE		0	0	0
Caterpillar, Inc.	STOCK	149123101	115	700	SH		SOLE		0	0	0
Cheniere Energy Partners LP	STOCK	16411Q101	123	2,300	SH		SOLE		0	0	0
Citigroup, Inc.	STOCK	172967424	146	3,500	SH		SOLE		0	0	0
Crowdstrike Holdings, Inc.	STOCK	22788C105	58	350	SH		SOLE		0	0	0
Deere & Co.	STOCK	244199105	384	1,150	SH		SOLE		0	0	0
Walt Disney Co./The	STOCK	254687106	94	1,000	SH		SOLE		0	0	0
Dow, Inc.	STOCK	260557103	44	1,000	SH		SOLE		0	0	0
Duke Energy Corp.	STOCK	26441C204	93	1,000	SH		SOLE		0	0	0
Energy Transfer LP	STOCK	29273V100	165	15,000	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	238	10,000	SH		SOLE		0	0	0
Fifth Third Bancorp	STOCK	316773100	109	3,400	SH		SOLE		0	0	0
Home Depot, Inc./The	STOCK	437076102	276	1,000	SH		SOLE		0	0	0
Honeywell International, Inc.	STOCK	438516106	92	550	SH		SOLE		0	0	0
JPMorgan Chase & Co.	STOCK	46625H100	105	1,000	SH		SOLE		0	0	0
Kinder Morgan, Inc.	STOCK	49456B101	125	7,500	SH		SOLE		0	0	0
Lennar Corp.	STOCK	526057104	209	2,800	SH		SOLE		0	0	0
MPLX LP	STOCK	55336V100	266	8,850	SH		SOLE		0	0	0
Magellan Midstream Partners LP	STOCK	559080106	95	2,000	SH		SOLE		0	0	0
MasterCard, Inc.	STOCK	57636Q104	57	200	SH		SOLE		0	0	0
Microsoft Corp.	STOCK	594918104	466	2,000	SH		SOLE		0	0	0
NVIDIA Corp.	STOCK	67066G104	993	8,180	SH		SOLE		0	0	0
Prologis, Inc.	STOCK	74340W103	305	3,000	SH		SOLE		0	0	0
ProShares Short S&P 500 ETF	STOCK	74347B425	173	10,000	SH		SOLE		0	0	0
Starwood Property Trust, Inc.	STOCK	85571B105	76	4,175	SH		SOLE		0	0	0
Sun Communities, Inc.	STOCK	866674104	97	714	SH		SOLE		0	0	0
Terreno Realty Corp.	STOCK	88146M101	265	5,000	SH		SOLE		0	0	0
Uber Technologies, Inc.	STOCK	90353T100	106	4,000	SH		SOLE		0	0	0
Verizon Communications, Inc.	STOCK	92343V104	190	5,000	SH		SOLE		0	0	0
Viper Energy Partners LP	STOCK	92763M105	92	3,200	SH		SOLE		0	0	0
Visa, Inc.	STOCK	92826C839	62	350	SH		SOLE		0	0	0
WP Carey, Inc.	STOCK	92936U109	94	1,340	SH		SOLE		0	0	0
Welltower, Inc.	STOCK	95040Q104	75	1,160	SH		SOLE		0	0	0
Williams Cos, Inc./The	STOCK	969457100	72	2,500	SH		SOLE		0	0	0
Algonquin Power & Utilities Corp.	STOCK	015857105	109	10,000	SH		SOLE		0	0	0
Antero Midstream Corp.	STOCK	03676B102	524	57,100	SH		SOLE		0	0	0
BP PLC	STOCK	055622104	2,266	79,361	SH		SOLE		0	0	0
Baker Hughes Co.	STOCK	05722G100	912	43,500	SH		SOLE		0	0	0
Black Stone Minerals, L.P.	STOCK	09225M101	7,156	457,249	SH		SOLE		0	0	0
CNX Resources Corp.	STOCK	12653C108	140	9,000	SH		SOLE		0	0	0
Cheniere Energy Partners LP	STOCK	16411Q101	11,652	218,369	SH		SOLE		0	0	0
Cheniere Energy, Inc.	STOCK	16411R208	6,383	38,475	SH		SOLE		0	0	0
Chevron Corp.	STOCK	166764100	12,791	89,030	SH		SOLE		0	0	0
Continental Resources, Inc.	STOCK	212015101	100	1,500	SH		SOLE		0	0	0
Crestwood Equity Partners LP	STOCK	226344208	222	8,000	SH		SOLE		0	0	0
DCP Midstream LP	STOCK	23311P100	3,347	89,100	SH		SOLE		0	0	0
Devon Energy Corp.	STOCK	25179M103	601	10,000	SH		SOLE		0	0	0
Diamondback Energy, Inc.	STOCK	25278X109	410	3,400	SH		SOLE		0	0	0
Dominion Resources, Inc.	STOCK	25746U109	2,422	35,042	SH		SOLE		0	0	0
Duke Energy Corp.	STOCK	26441C204	279	3,000	SH		SOLE		0	0	0
EOG Resources, Inc.	STOCK	26875P101	374	3,350	SH		SOLE		0	0	0
Enbridge, Inc.	STOCK	29250N105	8,074	217,627	SH		SOLE		0	0	0
Energy Transfer LP	STOCK	29273V100	7,598	688,870	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	12,024	505,636	SH		SOLE		0	0	0
Enviva, Inc.	STOCK	29415B103	162	2,700	SH		SOLE		0	0	0
Eversource Energy	STOCK	30040W108	152	1,950	SH		SOLE		0	0	0
Exxon Mobil Corp.	STOCK	30231G102	4,380	50,170	SH		SOLE		0	0	0
Hess Midstream LP	STOCK	428103105	5,968	233,837	SH		SOLE		0	0	0
Holly Energy Partners LP	STOCK	435763107	614	37,419	SH		SOLE		0	0	0
Kinder Morgan, Inc.	STOCK	49456B101	6,215	373,494	SH		SOLE		0	0	0
MPLX LP	STOCK	55336V100	12,706	423,397	SH		SOLE		0	0	0
Magellan Midstream Partners LP	STOCK	559080106	10,120	213,015	SH		SOLE		0	0	0
Marathon Oil Corp.	STOCK	565849106	1,180	52,273	SH		SOLE		0	0	0
Marathon Petroleum Corp.	STOCK	56585A102	9,975	100,421	SH		SOLE		0	0	0
NextEra Energy Partners LP	STOCK	65341B106	445	6,150	SH		SOLE		0	0	0
Occidental Petroleum Corp.	STOCK	674599105	338	5,500	SH		SOLE		0	0	0
ONEOK, Inc.	STOCK	682680103	4,787	93,421	SH		SOLE		0	0	0
PPL Corp.	STOCK	69351T106	513	20,250	SH		SOLE		0	0	0
Phillips 66	STOCK	718546104	10,957	135,736	SH		SOLE		0	0	0
Pioneer Natural Resources Co.	STOCK	723787107	5,304	24,497	SH		SOLE		0	0	0
Plains All American Pipeline LP	STOCK	726503105	2,977	283,000	SH		SOLE		0	0	0
Plains GP Holdings LP	STOCK	72651A207	55	5,000	SH		SOLE		0	0	0
Schlumberger Ltd.	STOCK	806857108	36	1,000	SH		SOLE		0	0	0
SolarEdge Technologies, Inc.	STOCK	83417M104	185	800	SH		SOLE		0	0	0
Sunoco LP	STOCK	86765K109	3,954	101,474	SH		SOLE		0	0	0
Targa Resources Corp.	STOCK	87612G101	1,590	26,350	SH		SOLE		0	0	0
TC Energy Corp.	STOCK	87807B107	4,771	118,428	SH		SOLE		0	0	0
UGI Corp.	STOCK	902681105	2,050	63,422	SH		SOLE		0	0	0
USA Compression Partners LP	STOCK	90290N109	2,685	154,284	SH		SOLE		0	0	0
Valero Energy Corp.	STOCK	91913Y100	10,345	96,819	SH		SOLE		0	0	0
Viper Energy Partners LP	STOCK	92763M105	545	19,000	SH		SOLE		0	0	0
Western Midstream Partners LP	STOCK	958669103	3,682	146,350	SH		SOLE		0	0	0
Williams Cos, Inc./The	STOCK	969457100	12,720	444,282	SH		SOLE		0	0	0
Brookfield Renewable Partners LP	STOCK	G16258108	905	28,925	SH		SOLE		0	0	0