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

OMB Number:		3235-0006
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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
Cheniere Energy Partners LP	STOCK	16411Q101	233	8,100	SH		SOLE		0	0	0
Energy Transfer Partners LP	STOCK	29278N103	137	7,500	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	1,425	54,677	SH		SOLE		0	0	0
MPLX LP	STOCK	55336V100	787	22,486	SH		SOLE		0	0	0
Magellan Midstream Partners LP	STOCK	559080106	1,066	15,000	SH		SOLE		0	0	0
Spectra Energy Partners LP	STOCK	84756N109	433	9,755	SH		SOLE		0	0	0
USA Compression Partners LP	STOCK	90290N109	134	8,000	SH		SOLE		0	0	0
Western Gas Partners LP	STOCK	958254104	768	14,980	SH		SOLE		0	0	0
Blackstone Mortgage Trust, Inc.	STOCK	09257W100	1,365	44,000	SH		SOLE		0	0	0
Colony NorthStar, Inc.	STOCK	19625W104	628	50,000	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure Capital, Inc.	STOCK	41068X100	1,086	44,567	SH		SOLE		0	0	0
Starwood Property Trust, Inc.	STOCK	85571B105	989	45,550	SH		SOLE		0	0	0
Alexandria Real Estate Equities, Inc.	STOCK	015271109	77	650	SH		SOLE		0	0	0
American Assets Trust, Inc.	STOCK	024013104	414	10,400	SH		SOLE		0	0	0
American Campus Communities, Inc.	STOCK	024835100	728	16,500	SH		SOLE		0	0	0
American Tower Corp., Class Class A	STOCK	03027X100	813	5,950	SH		SOLE		0	0	0
Apartment Investment & Management Co.	STOCK	03748R101	2,640	60,180	SH		SOLE		0	0	0
Ashford Hospitality Prime, Inc.	STOCK	044102101	314	33,100	SH		SOLE		0	0	0
Ashford Hospitality Trust, Inc.	STOCK	044103109	768	115,125	SH		SOLE		0	0	0
AvalonBay Communities, Inc.	STOCK	053484101	2,639	14,790	SH		SOLE		0	0	0
Boston Properties, Inc.	STOCK	101121101	2,980	24,250	SH		SOLE		0	0	0
Camden Property Trust	STOCK	133131102	2,241	24,500	SH		SOLE		0	0	0
CoreSite Realty Corp.	STOCK	21870Q105	4,476	40,000	SH		SOLE		0	0	0
CoreCivic, Inc.	STOCK	21871N101	138	5,150	SH		SOLE		0	0	0
Crown Castle International Corp.	STOCK	22822V101	435	4,350	SH		SOLE		0	0	0
CubeSmart	STOCK	229663109	519	20,000	SH		SOLE		0	0	0
CyrusOne, Inc.	STOCK	23283R100	1,980	33,600	SH		SOLE		0	0	0
DCT Industrial Trust, Inc.	STOCK	233153204	823	14,214	SH		SOLE		0	0	0
DiamondRock Hospitality Co.	STOCK	252784301	2,268	207,147	SH		SOLE		0	0	0
Equinix, Inc.	STOCK	29444U700	1,495	3,350	SH		SOLE		0	0	0
Equity Residential	STOCK	29476L107	2,295	34,815	SH		SOLE		0	0	0
Essex Property Trust, Inc.	STOCK	297178105	2,702	10,636	SH		SOLE		0	0	0
Extra Space Storage, Inc.	STOCK	30225T102	1,638	20,500	SH		SOLE		0	0	0
Federal Realty Investment Trust	STOCK	313747206	2,854	22,975	SH		SOLE		0	0	0
GGP, Inc.	STOCK	36174X101	725	34,900	SH		SOLE		0	0	0
JBG SMITH Properties	STOCK	46590V100	171	5,000	SH		SOLE		0	0	0
Kilroy Realty Corp.	STOCK	49427F108	2,302	32,365	SH		SOLE		0	0	0
Kimco Realty Corp.	STOCK	49446R109	1,052	53,819	SH		SOLE		0	0	0
Life Storage, Inc.	STOCK	53223X107	2,033	24,850	SH		SOLE		0	0	0
Mid-America Apartment Communities, Inc.	STOCK	59522J103	2,680	25,072	SH		SOLE		0	0	0
Pebblebrook Hotel Trust	STOCK	70509V100	1,989	55,031	SH		SOLE		0	0	0
Prologis, Inc.	STOCK	74340W103	5,916	93,225	SH		SOLE		0	0	0
QTS Realty Trust, Inc., Class Class A	STOCK	74736A103	2,568	49,050	SH		SOLE		0	0	0
RLJ Lodging Trust	STOCK	74965L101	1,646	74,834	SH		SOLE		0	0	0
Realty Income Corp.	STOCK	756109104	565	9,880	SH		SOLE		0	0	0
Regency Centers Corp.	STOCK	758849103	1,228	19,800	SH		SOLE		0	0	0
SL Green Realty Corp.	STOCK	78440X101	2,183	21,550	SH		SOLE		0	0	0
Simon Property Group, Inc.	STOCK	828806109	2,955	18,350	SH		SOLE		0	0	0
Sotherly Hotels, Inc.	STOCK	83600C103	306	52,000	SH		SOLE		0	0	0
Spirit Realty Capital, Inc.	STOCK	84860W102	106	12,400	SH		SOLE		0	0	0
STAG Industrial, Inc.	STOCK	85254J102	563	20,500	SH		SOLE		0	0	0
Terreno Realty Corp.	STOCK	88146M101	350	9,675	SH		SOLE		0	0	0
UDR, Inc.	STOCK	902653104	2,370	62,306	SH		SOLE		0	0	0
Ventas, Inc.	STOCK	92276F100	1,296	19,900	SH		SOLE		0	0	0
Vornado Realty Trust	STOCK	929042109	769	10,000	SH		SOLE		0	0	0
Welltower, Inc.	STOCK	95040Q104	1,216	17,300	SH		SOLE		0	0	0
Apple Hospitality REIT, Inc.	STOCK	03784Y200	1,744	92,210	SH		SOLE		0	0	0
Chesapeake Lodging Trust	STOCK	165240102	895	33,200	SH		SOLE		0	0	0
City Office REIT, Inc.	STOCK	178587101	1,780	129,258	SH		SOLE		0	0	0
Digital Realty Trust, Inc.	STOCK	253868103	6,571	55,531	SH		SOLE		0	0	0
Education Realty Trust, Inc.	STOCK	28140H203	1,108	30,825	SH		SOLE		0	0	0
Equity LifeStyle Properties, Inc.	STOCK	29472R108	1,885	22,150	SH		SOLE		0	0	0
GEO Group, Inc./The	STOCK	36162J106	165	6,150	SH		SOLE		0	0	0
Global Medical REIT, Inc.	STOCK	37954A204	135	15,000	SH		SOLE		0	0	0
Gramercy Property Trust	STOCK	385002308	555	18,333	SH		SOLE		0	0	0
HCP, Inc.	STOCK	40414L109	713	25,618	SH		SOLE		0	0	0
Healthcare Trust of America, Inc.	STOCK	42225P501	179	6,000	SH		SOLE		0	0	0
Hersha Hospitality Trust	STOCK	427825500	1,396	74,750	SH		SOLE		0	0	0
Hudson Pacific Properties, Inc.	STOCK	444097109	2,729	81,400	SH		SOLE		0	0	0
STORE Capital Corp.	STOCK	862121100	94	3,780	SH		SOLE		0	0	0
Sun Communities, Inc.	STOCK	866674104	1,979	23,100	SH		SOLE		0	0	0
WP Carey, Inc.	STOCK	92936U109	1,954	29,000	SH		SOLE		0	0	0
Arch Capital Group Ltd., Series F, 5.45 percent	STOCK	03939A107	50	2,000	SH		SOLE		0	0	0
Arch Capital Group Ltd., Series E, 5.25 percent	STOCK	03939A206	49	2,000	SH		SOLE		0	0	0
Carlyle Group LP/The, Series A, 5.88 percent	STOCK	14309L201	51	2,000	SH		SOLE		0	0	0
Wells Fargo & Co., Series W, 5.70 percent	STOCK	94988U714	104	4,000	SH		SOLE		0	0	0
Entergy Louisiana LLC, 4.88 percent	STOCK	29364W108	50	2,000	SH		SOLE		0	0	0
American Homes 4 Rent, Series G, 5.88 percent	STOCK	02665T876	51	2,000	SH		SOLE		0	0	0
Ashford Hospitality Trust, Inc., Series F, 7.38 percent	STOCK	044103604	75	3,000	SH		SOLE		0	0	0
Federal Realty Investment Trust, Series C, 5.00 percent	STOCK	313747701	111	4,500	SH		SOLE		0	0	0
National Retail Properties, Inc., Series E, 5.70 percent	STOCK	637417809	673	26,364	SH		SOLE		0	0	0
National Retail Properties, Inc., Series F, 5.20 percent	STOCK	637417874	201	8,000	SH		SOLE		0	0	0
Sotherly Hotels, Inc., Series B, 8.00 percent	STOCK	83600C301	76	3,000	SH		SOLE		0	0	0
Digital Realty Trust, Inc., Series J, 5.25 percent	STOCK	253868855	100	4,000	SH		SOLE		0	0	0
Digital Realty Trust, Inc., Series I, 6.35 percent	STOCK	253868863	298	11,018	SH		SOLE		0	0	0
Digital Realty Trust, Inc., Series H, 7.38 percent	STOCK	253868871	163	6,000	SH		SOLE		0	0	0
Hersha Hospitality Trust, Series D, 6.50 percent	STOCK	427825609	51	2,000	SH		SOLE		0	0	0
Monmouth Real Estate Investment Corp., Series C, 6.13 percent	STOCK	609720404	50	2,000	SH		SOLE		0	0	0
Public Storage, Series G, 5.05 percent	STOCK	74460W669	101	4,000	SH		SOLE		0	0	0
Public Storage, Series E, 4.90 percent	STOCK	74460W719	249	10,000	SH		SOLE		0	0	0
Public Storage, Series D, 4.95 percent	STOCK	74460W735	50	2,000	SH		SOLE		0	0	0
Public Storage, Series C, 5.13 percent	STOCK	74460W750	51	2,000	SH		SOLE		0	0	0
Public Storage, Series B, 5.40 percent	STOCK	74460W776	774	29,200	SH		SOLE		0	0	0
Public Storage, Series Z, 6.00 percent	STOCK	74460W826	157	6,000	SH		SOLE		0	0	0
Public Storage, Series W, 5.20 percent	STOCK	74460W875	152	6,000	SH		SOLE		0	0	0
CBS Corp., Class B	STOCK	124857202	470	8,100	SH		SOLE		0	0	0
Comcast Corp., Class A	STOCK	20030N101	1,154	30,000	SH		SOLE		0	0	0
D.R. Horton, Inc.	STOCK	23331A109	359	9,000	SH		SOLE		0	0	0
Walt Disney Co./The	STOCK	254687106	1,676	17,000	SH		SOLE		0	0	0
Home Depot, Inc./The	STOCK	437076102	2,527	15,450	SH		SOLE		0	0	0
Lennar Corp., Class A	STOCK	526057104	264	5,000	SH		SOLE		0	0	0
MGM Resorts International	STOCK	552953101	104	3,200	SH		SOLE		0	0	0
McDonald's Corp.	STOCK	580135101	1,313	8,380	SH		SOLE		0	0	0
Ross Stores, Inc.	STOCK	778296103	387	6,000	SH		SOLE		0	0	0
TJX Cos., Inc./The	STOCK	872540109	236	3,200	SH		SOLE		0	0	0
Target Corp.	STOCK	87612E106	295	5,000	SH		SOLE		0	0	0
Adient PLC	STOCK	G0084W101	360	4,285	SH		SOLE		0	0	0
Johnson Controls International PLC	STOCK	G51502105	437	10,853	SH		SOLE		0	0	0
Royal Caribbean Cruises Ltd.	STOCK	V7780T103	593	5,000	SH		SOLE		0	0	0
Altria Group, Inc.	STOCK	02209S103	1,630	25,700	SH		SOLE		0	0	0
Clorox Co./The	STOCK	189054109	237	1,800	SH		SOLE		0	0	0
Coca-Cola Co./The	STOCK	191216100	707	15,700	SH		SOLE		0	0	0
Colgate-Palmolive Co.	STOCK	194162103	219	3,000	SH		SOLE		0	0	0
ConAgra Foods, Inc.	STOCK	205887102	273	8,100	SH		SOLE		0	0	0
Kimberly-Clark Corp.	STOCK	494368103	706	6,000	SH		SOLE		0	0	0
Kraft Heinz Co./The	STOCK	500754106	233	2,999	SH		SOLE		0	0	0
Lamb Weston Holdings, Inc.	STOCK	513272104	225	4,800	SH		SOLE		0	0	0
PepsiCo, Inc.	STOCK	713448108	1,020	9,150	SH		SOLE		0	0	0
Philip Morris International, Inc.	STOCK	718172109	1,099	9,900	SH		SOLE		0	0	0
Procter & Gamble Co./The	STOCK	742718109	428	4,700	SH		SOLE		0	0	0
Wal-Mart Stores, Inc.	STOCK	931142103	393	5,024	SH		SOLE		0	0	0
Walgreens Boots Alliance, Inc.	STOCK	931427108	154	2,000	SH		SOLE		0	0	0
Andeavor	STOCK	03349M105	206	2,000	SH		SOLE		0	0	0
Apache Corp.	STOCK	037411105	137	3,000	SH		SOLE		0	0	0
Chevron Corp.	STOCK	166764100	971	8,260	SH		SOLE		0	0	0
ConocoPhillips	STOCK	20825C104	428	8,550	SH		SOLE		0	0	0
Devon Energy Corp.	STOCK	25179M103	110	3,000	SH		SOLE		0	0	0
EOG Resources, Inc.	STOCK	26875P101	842	8,700	SH		SOLE		0	0	0
Exxon Mobil Corp.	STOCK	30231G102	1,308	15,950	SH		SOLE		0	0	0
Halliburton Co.	STOCK	406216101	327	7,100	SH		SOLE		0	0	0
Schlumberger Ltd.	STOCK	806857108	300	4,300	SH		SOLE		0	0	0
Valero Energy Corp.	STOCK	91913Y100	823	10,700	SH		SOLE		0	0	0
American Express Co.	STOCK	025816109	905	10,000	SH		SOLE		0	0	0
Bank of America Corp.	STOCK	060505104	1,072	42,300	SH		SOLE		0	0	0
Blackstone Group LP/The	STOCK	09253U108	557	16,700	SH		SOLE		0	0	0
Brighthouse Financial, Inc.	STOCK	10922N103	46	761	SH		SOLE		0	0	0
CME Group, Inc.	STOCK	12572Q105	597	4,400	SH		SOLE		0	0	0
Carlyle Group LP/The	STOCK	14309L102	340	14,400	SH		SOLE		0	0	0
Citigroup, Inc.	STOCK	172967424	895	12,300	SH		SOLE		0	0	0
Fifth Third Bancorp	STOCK	316773100	431	15,400	SH		SOLE		0	0	0
Goldman Sachs Group, Inc./The	STOCK	38141G104	774	3,265	SH		SOLE		0	0	0
Hartford Financial Services Group, Inc./The	STOCK	416515104	831	15,000	SH		SOLE		0	0	0
Huntington Bancshares, Inc.	STOCK	446150104	420	30,050	SH		SOLE		0	0	0
JPMorgan Chase & Co.	STOCK	46625H100	1,430	14,977	SH		SOLE		0	0	0
M&T Bank Corp.	STOCK	55261F104	354	2,200	SH		SOLE		0	0	0
MetLife, Inc.	STOCK	59156R108	435	8,375	SH		SOLE		0	0	0
Prudential Financial, Inc.	STOCK	744320102	478	4,500	SH		SOLE		0	0	0
Travelers Cos., Inc./The	STOCK	89417E109	172	1,400	SH		SOLE		0	0	0
U.S. Bancorp	STOCK	902973304	520	9,700	SH		SOLE		0	0	0
Wells Fargo & Co.	STOCK	949746101	1,036	18,776	SH		SOLE		0	0	0
AbbVie, Inc.	STOCK	00287Y109	418	4,700	SH		SOLE		0	0	0
Aetna, Inc.	STOCK	00817Y108	604	3,800	SH		SOLE		0	0	0
Amgen, Inc.	STOCK	031162100	606	3,250	SH		SOLE		0	0	0
Bristol-Myers Squibb Co.	STOCK	110122108	892	14,000	SH		SOLE		0	0	0
Edwards LifeSciences Corp.	STOCK	28176E108	109	1,000	SH		SOLE		0	0	0
Gilead Sciences, Inc.	STOCK	375558103	429	5,300	SH		SOLE		0	0	0
Humana, Inc.	STOCK	444859102	731	3,000	SH		SOLE		0	0	0
Johnson & Johnson	STOCK	478160104	1,275	9,810	SH		SOLE		0	0	0
McKesson Corp.	STOCK	58155Q103	676	4,400	SH		SOLE		0	0	0
Merck & Co., Inc.	STOCK	58933Y105	839	13,100	SH		SOLE		0	0	0
Pfizer, Inc.	STOCK	717081103	603	16,900	SH		SOLE		0	0	0
Quest Diagnostics, Inc.	STOCK	74834L100	421	4,500	SH		SOLE		0	0	0
Thermo Fisher Scientific, Inc.	STOCK	883556102	511	2,700	SH		SOLE		0	0	0
UnitedHealth Group, Inc.	STOCK	91324P102	1,861	9,500	SH		SOLE		0	0	0
Allergan PLC	STOCK	G0177J108	676	3,300	SH		SOLE		0	0	0
Medtronic PLC	STOCK	G5960L103	702	9,029	SH		SOLE		0	0	0
Perrigo Co. PLC	STOCK	G97822103	110	1,300	SH		SOLE		0	0	0
Mylan NV	STOCK	N59465109	88	2,800	SH		SOLE		0	0	0
American Airlines Group, Inc.	STOCK	02376R102	47	1,000	SH		SOLE		0	0	0
Boeing Co./The	STOCK	097023105	1,474	5,800	SH		SOLE		0	0	0
CSX Corp.	STOCK	126408103	1,004	18,500	SH		SOLE		0	0	0
Caterpillar, Inc.	STOCK	149123101	1,166	9,350	SH		SOLE		0	0	0
Deere & Co.	STOCK	244199105	502	4,000	SH		SOLE		0	0	0
Delta Air Lines, Inc.	STOCK	247361702	96	2,000	SH		SOLE		0	0	0
FedEx Corp.	STOCK	31428X106	970	4,300	SH		SOLE		0	0	0
General Electric Co.	STOCK	369604103	785	32,481	SH		SOLE		0	0	0
Honeywell International, Inc.	STOCK	438516106	532	3,750	SH		SOLE		0	0	0
Masco Corp.	STOCK	574599106	371	9,500	SH		SOLE		0	0	0
3M Co.	STOCK	88579Y101	1,186	5,650	SH		SOLE		0	0	0
United Technologies Corp.	STOCK	913017109	325	2,800	SH		SOLE		0	0	0
Waste Connections, Inc.	STOCK	94106B101	820	11,725	SH		SOLE		0	0	0
Adobe Systems, Inc.	STOCK	00724F101	627	4,200	SH		SOLE		0	0	0
Apple, Inc.	STOCK	037833100	3,576	23,200	SH		SOLE		0	0	0
Applied Materials, Inc.	STOCK	038222105	1,031	19,800	SH		SOLE		0	0	0
Cisco Systems, Inc.	STOCK	17275R102	972	28,900	SH		SOLE		0	0	0
Cognizant Technology Solutions Corp., Class A	STOCK	192446102	733	10,100	SH		SOLE		0	0	0
Corning, Inc.	STOCK	219350105	545	18,200	SH		SOLE		0	0	0
DXC Technology Co.	STOCK	23355L106	303	3,528	SH		SOLE		0	0	0
Dell Technologies, Inc., Class V	STOCK	24703L103	155	2,006	SH		SOLE		0	0	0
HP, Inc.	STOCK	40434L105	475	23,800	SH		SOLE		0	0	0
Hewlett Packard Enterprise Co.	STOCK	42824C109	210	14,300	SH		SOLE		0	0	0
Intel Corp.	STOCK	458140100	1,005	26,400	SH		SOLE		0	0	0
International Business Machines Corp.	STOCK	459200101	415	2,858	SH		SOLE		0	0	0
MasterCard, Inc., Class A	STOCK	57636Q104	1,059	7,500	SH		SOLE		0	0	0
Micro Focus International PLC	STOCK	594837304	63	1,964	SH		SOLE		0	0	0
Microsoft Corp.	STOCK	594918104	2,566	34,450	SH		SOLE		0	0	0
NetApp, Inc.	STOCK	64110D104	245	5,600	SH		SOLE		0	0	0
NVIDIA Corp.	STOCK	67066G104	268	1,500	SH		SOLE		0	0	0
Oracle Corp.	STOCK	68389X105	1,199	24,800	SH		SOLE		0	0	0
Paychex, Inc.	STOCK	704326107	531	8,850	SH		SOLE		0	0	0
QUALCOMM, Inc.	STOCK	747525103	456	8,800	SH		SOLE		0	0	0
Symantec Corp.	STOCK	871503108	860	26,200	SH		SOLE		0	0	0
Texas Instruments, Inc.	STOCK	882508104	1,481	16,525	SH		SOLE		0	0	0
Visa, Inc.	STOCK	92826C839	2,021	19,200	SH		SOLE		0	0	0
Accenture PLC, Class A	STOCK	G1151C101	912	6,750	SH		SOLE		0	0	0
Seagate Technology PLC	STOCK	G7945M107	224	6,750	SH		SOLE		0	0	0
AdvanSix, Inc.	STOCK	00773T101	10	248	SH		SOLE		0	0	0
CF Industries Holdings, Inc.	STOCK	125269100	211	6,000	SH		SOLE		0	0	0
DowDuPont, Inc.	STOCK	26078J100	1,575	22,752	SH		SOLE		0	0	0
Alexandria Real Estate Equities, Inc.	STOCK	015271109	77	650	SH		SOLE		0	0	0
American Campus Communities, Inc.	STOCK	024835100	475	10,750	SH		SOLE		0	0	0
American Tower Corp., Class A	STOCK	03027X100	595	4,350	SH		SOLE		0	0	0
Apple Hospitality REIT, Inc.	STOCK	03784Y200	313	16,550	SH		SOLE		0	0	0
CoreCivic, Inc.	STOCK	21871N101	138	5,150	SH		SOLE		0	0	0
Crown Castle International Corp.	STOCK	22822V101	425	4,250	SH		SOLE		0	0	0
CyrusOne, Inc.	STOCK	23283R100	321	5,450	SH		SOLE		0	0	0
DiamondRock Hospitality Co.	STOCK	252784301	110	10,000	SH		SOLE		0	0	0
Digital Realty Trust, Inc.	STOCK	253868103	260	2,200	SH		SOLE		0	0	0
Education Realty Trust, Inc.	STOCK	28140H203	742	20,650	SH		SOLE		0	0	0
Essex Property Trust, Inc.	STOCK	297178105	127	500	SH		SOLE		0	0	0
GEO Group, Inc./The	STOCK	36162J106	234	8,700	SH		SOLE		0	0	0
Gramercy Property Trust	STOCK	385002308	277	9,166	SH		SOLE		0	0	0
Healthcare Realty Trust, Inc.	STOCK	421946104	162	5,000	SH		SOLE		0	0	0
Healthcare Trust of America, Inc.	STOCK	42225P501	134	4,500	SH		SOLE		0	0	0
Invesco Mortgage Capital, Inc.	STOCK	46131B100	120	7,000	SH		SOLE		0	0	0
Pebblebrook Hotel Trust	STOCK	70509V100	141	3,900	SH		SOLE		0	0	0
Prologis, Inc.	STOCK	74340W103	444	7,000	SH		SOLE		0	0	0
QTS Realty Trust, Inc., Class A	STOCK	74736A103	52	1,000	SH		SOLE		0	0	0
Realty Income Corp.	STOCK	756109104	114	2,000	SH		SOLE		0	0	0
Simon Property Group, Inc.	STOCK	828806109	386	2,400	SH		SOLE		0	0	0
Sun Communities, Inc.	STOCK	866674104	334	3,900	SH		SOLE		0	0	0
Welltower, Inc.	STOCK	95040Q104	105	1,500	SH		SOLE		0	0	0
AT&T, Inc.	STOCK	00206R102	1,052	26,850	SH		SOLE		0	0	0
Verizon Communications, Inc.	STOCK	92343V104	853	17,240	SH		SOLE		0	0	0
AES Corp.	STOCK	00130H105	88	8,000	SH		SOLE		0	0	0
American Electric Power Co., Inc.	STOCK	025537101	123	1,750	SH		SOLE		0	0	0
NextEra Energy, Inc.	STOCK	65339F101	718	4,900	SH		SOLE		0	0	0
WEC Energy Group, Inc.	STOCK	92939U106	515	8,200	SH		SOLE		0	0	0
Morgan Stanley Institutional Liquidity Government Portfolio, Class Institutional Class, 0.90 percent	STOCK	0000MVRXX	564	564,235	SH		SOLE		0	0	0
Callon Petroleum Co., Series A, 10.00 percent	STOCK	13123X409	260	5,000	SH		SOLE		0	0	0
AGNC Investment Corp., 7.75 percent	STOCK	00123Q302	157	6,000	SH		SOLE		0	0	0
American Financial Group, Inc., 6.00 percent	STOCK	025932708	142	5,300	SH		SOLE		0	0	0
AmTrust Financial Services, Inc., 7.50 percent	STOCK	032359853	65	2,500	SH		SOLE		0	0	0
Ares Management LP, Series A, 7.00 percent	STOCK	04014Y200	68	2,500	SH		SOLE		0	0	0
BGC Partners, Inc., 8.13 percent	STOCK	05541T408	130	5,000	SH		SOLE		0	0	0
Bank of America Corp., Series EE, 6.00 percent	STOCK	060505260	66	2,500	SH		SOLE		0	0	0
Bank of America Corp., Series W, 6.63 percent	STOCK	060505344	54	2,000	SH		SOLE		0	0	0
Capital One Financial Corp., Series D, 6.70 percent	STOCK	14040H709	54	2,000	SH		SOLE		0	0	0
Carlyle Group LP/The, Series A, 5.88 percent	STOCK	14309L201	77	3,000	SH		SOLE		0	0	0
Citigroup, Inc., Series L, 6.88 percent	STOCK	172967333	81	3,000	SH		SOLE		0	0	0
Hancock Holding Co., 5.95 percent	STOCK	410120307	64	2,500	SH		SOLE		0	0	0
Hercules Capital, Inc., 6.25 percent	STOCK	427096862	51	2,000	SH		SOLE		0	0	0
JPMorgan Chase & Co., Series T, 6.70 percent	STOCK	48127A161	54	2,000	SH		SOLE		0	0	0
KKR Financial Holdings LLC, Series A, 7.38 percent	STOCK	48248A603	77	3,000	SH		SOLE		0	0	0
KKR & Co. LP, Series B, 6.50 percent	STOCK	48248M300	54	2,000	SH		SOLE		0	0	0
Ladenburg Thalmann Financial Services, Inc., Series A, 8.00 percent	STOCK	50575Q201	174	7,000	SH		SOLE		0	0	0
Oxford Lane Capital Corp, Series 2024, 6.75 percent	STOCK	691543508	63	2,500	SH		SOLE		0	0	0
Prospect Capital Corp., 6.25 percent	STOCK	74348T300	104	4,000	SH		SOLE		0	0	0
Charles Schwab Corp./The, Series C, 6.00 percent	STOCK	808513402	54	2,000	SH		SOLE		0	0	0
Torchmark Corp., 6.13 percent	STOCK	891027401	134	5,000	SH		SOLE		0	0	0
Wells Fargo & Co., Series W, 5.70 percent	STOCK	94988U714	104	4,000	SH		SOLE		0	0	0
AdCare Health Systems, Inc., Series A, 10.88 percent	STOCK	00650W409	19	900	SH		SOLE		0	0	0
eBay, Inc., 6.00 percent	STOCK	278642202	108	4,000	SH		SOLE		0	0	0
Annaly Capital Management, Inc., Series F, 6.95 percent	STOCK	035710870	51	2,000	SH		SOLE		0	0	0
Ashford Hospitality Trust, Inc., Series F, 7.38 percent	STOCK	044103604	75	3,000	SH		SOLE		0	0	0
Bluerock Residential Growth REIT, Inc., Series D, 7.13 percent	STOCK	09627J656	77	3,000	SH		SOLE		0	0	0
Digital Realty Trust, Inc., Series I, 6.35 percent	STOCK	253868863	68	2,500	SH		SOLE		0	0	0
Digital Realty Trust, Inc., Series H, 7.38 percent	STOCK	253868871	136	5,000	SH		SOLE		0	0	0
Federal Realty Investment Trust, Series C, 5.00 percent	STOCK	313747701	49	2,000	SH		SOLE		0	0	0
Hersha Hospitality Trust, Series D, 6.50 percent	STOCK	427825609	77	3,000	SH		SOLE		0	0	0
Hersha Hospitality Trust, Series E, 6.50 percent	STOCK	427825708	127	5,000	SH		SOLE		0	0	0
LaSalle Hotel Properties, Series J, 6.30 percent	STOCK	517942884	64	2,500	SH		SOLE		0	0	0
Monmouth Real Estate Investment Corp., Series C, 6.13 percent	STOCK	609720404	50	2,000	SH		SOLE		0	0	0
National Retail Properties, Inc., Series F, 5.20 percent	STOCK	637417874	75	3,000	SH		SOLE		0	0	0
Public Storage, Series E, 4.90 percent	STOCK	74460W719	100	4,000	SH		SOLE		0	0	0
Public Storage, Series B, 5.40 percent	STOCK	74460W776	106	4,000	SH		SOLE		0	0	0
Sotherly Hotels, Inc., Series B, 8.00 percent	STOCK	83600C301	76	3,000	SH		SOLE		0	0	0
Qwest Corp., 6.88 percent	STOCK	74913G105	52	2,000	SH		SOLE		0	0	0
Qwest Corp., 7.00 percent	STOCK	74913G501	127	5,000	SH		SOLE		0	0	0
Qwest Corp., 6.63 percent	STOCK	74913G709	64	2,500	SH		SOLE		0	0	0
Qwest Corp., 7.00 percent	STOCK	74913G808	67	2,500	SH		SOLE		0	0	0
Telephone & Data Systems, Inc., 7.00 percent	STOCK	879433837	104	4,000	SH		SOLE		0	0	0
United States Cellular Corp., 7.25 percent	STOCK	911684504	53	2,000	SH		SOLE		0	0	0
United States Cellular Corp., 7.25 percent	STOCK	911684603	68	2,500	SH		SOLE		0	0	0
DTE Energy Co., Series B, 5.38 percent	STOCK	233331800	52	2,000	SH		SOLE		0	0	0
Entergy Mississippi, Inc., 4.90 percent	STOCK	29364N108	125	5,000	SH		SOLE		0	0	0
Andeavor Logistics LP	STOCK	03350F106	321	6,405	SH		SOLE		0	0	0
Buckeye Partners LP	STOCK	118230101	604	10,590	SH		SOLE		0	0	0
Cone Midstream Partners LP	STOCK	206812109	135	8,500	SH		SOLE		0	0	0
Enbridge Energy Partners LP	STOCK	29250R106	360	22,519	SH		SOLE		0	0	0
Energy Transfer Partners LP	STOCK	29278N103	923	50,446	SH		SOLE		0	0	0
EnLink Midstream Partners LP	STOCK	29336U107	568	33,865	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	1,105	42,400	SH		SOLE		0	0	0
Global Partners LP	STOCK	37946R109	126	7,215	SH		SOLE		0	0	0
MPLX LP	STOCK	55336V100	1,120	32,000	SH		SOLE		0	0	0
Magellan Midstream Partners LP	STOCK	559080106	831	11,700	SH		SOLE		0	0	0
Plains All American Pipeline LP	STOCK	726503105	68	3,200	SH		SOLE		0	0	0
Spectra Energy Partners LP	STOCK	84756N109	1,176	26,500	SH		SOLE		0	0	0
TC PipeLines LP	STOCK	87233Q108	560	10,695	SH		SOLE		0	0	0
Targa Resources Corp.	STOCK	87612G101	603	12,739	SH		SOLE		0	0	0
USA Compression Partners LP	STOCK	90290N109	214	12,796	SH		SOLE		0	0	0
Western Gas Partners LP	STOCK	958254104	962	18,750	SH		SOLE		0	0	0
Blackstone Group LP/The	STOCK	09253U108	237	7,100	SH		SOLE		0	0	0
Apple Hospitality REIT, Inc.	STOCK	03784Y200	615	32,539	SH		SOLE		0	0	0
Blackstone Mortgage Trust, Inc., Class A	STOCK	09257W100	359	11,565	SH		SOLE		0	0	0
City Office REIT, Inc.	STOCK	178587101	275	20,000	SH		SOLE		0	0	0
DiamondRock Hospitality Co.	STOCK	252784301	284	25,953	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure Capital, Inc.	STOCK	41068X100	1,287	52,792	SH		SOLE		0	0	0
Pebblebrook Hotel Trust	STOCK	70509V100	318	8,806	SH		SOLE		0	0	0
Spirit Realty Capital, Inc.	STOCK	84860W102	171	20,000	SH		SOLE		0	0	0
AT&T, Inc.	STOCK	00206R102	705	18,000	SH		SOLE		0	0	0
Verizon Communications, Inc.	STOCK	92343V104	495	10,000	SH		SOLE		0	0	0
Aflac, Inc., 5.50 percent	STOCK	001055300	224	8,850	SH		SOLE		0	0	0
Aegon NV, 8.00 percent	STOCK	007924608	339	12,900	SH		SOLE		0	0	0
American Financial Group, Inc., 6.00 percent	STOCK	025932708	233	8,700	SH		SOLE		0	0	0
Arch Capital Group Ltd., Series E, 5.25 percent	STOCK	03939A206	494	20,000	SH		SOLE		0	0	0
Bank of New York Mellon Corp./The, 5.20 percent	STOCK	064058209	220	8,700	SH		SOLE		0	0	0
First Republic Bank, Series F, 5.70 percent	STOCK	33616C852	236	9,000	SH		SOLE		0	0	0
Hancock Holding Co., 5.95 percent	STOCK	410120307	95	3,700	SH		SOLE		0	0	0
JPMorgan Chase & Co., Series P, 5.45 percent	STOCK	46637G124	114	4,480	SH		SOLE		0	0	0
JPMorgan Chase & Co., Series W, 6.30 percent	STOCK	481246700	234	8,750	SH		SOLE		0	0	0
KKR Financial Holdings LLC, Series A, 7.38 percent	STOCK	48248A603	248	9,600	SH		SOLE		0	0	0
KKR & Co. LP, Series B, 6.50 percent	STOCK	48248M300	272	10,000	SH		SOLE		0	0	0
PNC Financial Services Group, Inc./The, Series Q, 5.38 percent	STOCK	693475832	109	4,250	SH		SOLE		0	0	0
State Street Corp., Series C, 5.25 percent	STOCK	857477509	202	8,050	SH		SOLE		0	0	0
State Street Corp., Series G, 5.35 percent	STOCK	857477855	27	1,000	SH		SOLE		0	0	0
Torchmark Corp., 6.13 percent	STOCK	891027401	268	10,000	SH		SOLE		0	0	0
U.S. Bancorp, Series F, 6.50 percent	STOCK	902973833	213	7,300	SH		SOLE		0	0	0
Wells Fargo & Co., 5.20 percent	STOCK	949746747	396	15,850	SH		SOLE		0	0	0
Wells Fargo & Co., Series W, 5.70 percent	STOCK	94988U714	520	20,000	SH		SOLE		0	0	0
Pitney Bowes, Inc., 6.70 percent	STOCK	724479506	146	5,700	SH		SOLE		0	0	0
Stanley Black & Decker, Inc., 5.75 percent	STOCK	854502705	526	20,687	SH		SOLE		0	0	0
DDR Corp., Series J, 6.50 percent	STOCK	23317H607	230	9,184	SH		SOLE		0	0	0
Digital Realty Trust, Inc., Series I, 6.35 percent	STOCK	253868863	689	25,450	SH		SOLE		0	0	0
Equity Commonwealth, 5.75 percent	STOCK	294628508	253	10,000	SH		SOLE		0	0	0
Federal Realty Investment Trust, Series C, 5.00 percent	STOCK	313747701	185	7,500	SH		SOLE		0	0	0
Kimco Realty Corp., Series K, 5.63 percent	STOCK	49446R745	619	24,367	SH		SOLE		0	0	0
Kimco Realty Corp., Series J, 5.50 percent	STOCK	49446R778	1,010	39,809	SH		SOLE		0	0	0
Kimco Realty Corp., Series I, 6.00 percent	STOCK	49446R794	360	14,214	SH		SOLE		0	0	0
National Retail Properties, Inc., Series F, 5.20 percent	STOCK	637417874	627	25,000	SH		SOLE		0	0	0
PS Business Parks, Inc., Series X, 5.25 percent	STOCK	69360J594	253	10,000	SH		SOLE		0	0	0
PS Business Parks, Inc., Series W, 5.20 percent	STOCK	69360J628	253	10,000	SH		SOLE		0	0	0
PS Business Parks, Inc., Series V, 5.70 percent	STOCK	69360J644	167	6,498	SH		SOLE		0	0	0
PS Business Parks, Inc., Series T, 6.00 percent	STOCK	69360J685	1,020	40,522	SH		SOLE		0	0	0
Public Storage, Series E, 4.90 percent	STOCK	74460W719	498	20,000	SH		SOLE		0	0	0
Public Storage, Series D, 4.95 percent	STOCK	74460W735	504	20,000	SH		SOLE		0	0	0
Public Storage, Series C, 5.13 percent	STOCK	74460W750	257	10,000	SH		SOLE		0	0	0
Public Storage, Series A, 5.88 percent	STOCK	74460W792	189	7,076	SH		SOLE		0	0	0
Senior Housing Properties Trust, 5.63 percent	STOCK	81721M208	677	26,660	SH		SOLE		0	0	0
Taubman Centers, Inc., Series J, 6.50 percent	STOCK	876664608	237	9,416	SH		SOLE		0	0	0
Taubman Centers, Inc., Series K, 6.25 percent	STOCK	876664707	327	13,046	SH		SOLE		0	0	0
Ventas Capital Corp., 5.45 percent	STOCK	92276M204	255	10,000	SH		SOLE		0	0	0
Vornado Realty Trust, Series L, 5.40 percent	STOCK	929042844	312	12,298	SH		SOLE		0	0	0
DTE Energy Co., Series B, 5.38 percent	STOCK	233331800	259	10,000	SH		SOLE		0	0	0
DTE Energy Co., Series F, 6.00 percent	STOCK	233331867	547	20,000	SH		SOLE		0	0	0
Dominion Resources, Inc., Series A, 5.25 percent	STOCK	25746U844	516	20,000	SH		SOLE		0	0	0
Duke Energy Corp., 5.13 percent	STOCK	26441C303	230	9,030	SH		SOLE		0	0	0
Entergy Arkansas, Inc., 4.88 percent	STOCK	29364D100	500	20,000	SH		SOLE		0	0	0
Entergy Mississippi, Inc., 4.90 percent	STOCK	29364N108	748	30,000	SH		SOLE		0	0	0
Entergy Louisiana LLC, 4.88 percent	STOCK	29364W108	249	10,000	SH		SOLE		0	0	0
NextEra Energy Capital Holdings, Inc., Series K, 5.25 percent	STOCK	65339K100	383	15,000	SH		SOLE		0	0	0
NextEra Energy Capital Holdings, Inc., Series H, 5.63 percent	STOCK	65339K704	221	8,775	SH		SOLE		0	0	0
NextEra Energy Capital Holdings, Inc., 5.00 percent	STOCK	65339K886	169	6,700	SH		SOLE		0	0	0
Southern Co., 5.25 percent	STOCK	842587305	510	20,000	SH		SOLE		0	0	0
Altria Group, Inc.	STOCK	02209S103	393	6,190	SH		SOLE		0	0	0
British American Tobacco PLC	STOCK	110448107	264	4,235	SH		SOLE		0	0	0
Philip Morris International, Inc.	STOCK	718172109	758	6,830	SH		SOLE		0	0	0
Andeavor Logistics LP	STOCK	03350F106	267	5,332	SH		SOLE		0	0	0
Buckeye Partners LP	STOCK	118230101	268	4,705	SH		SOLE		0	0	0
Cheniere Energy Partners LP	STOCK	16411Q101	329	11,400	SH		SOLE		0	0	0
Cone Midstream Partners LP	STOCK	206812109	307	19,400	SH		SOLE		0	0	0
Enbridge, Inc.	STOCK	29250N105	198	4,723	SH		SOLE		0	0	0
Energy Transfer Partners LP	STOCK	29278N103	419	22,904	SH		SOLE		0	0	0
EnLink Midstream Partners LP	STOCK	29336U107	304	18,140	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	758	29,080	SH		SOLE		0	0	0
Holly Energy Partners LP	STOCK	435763107	110	3,300	SH		SOLE		0	0	0
MPLX LP	STOCK	55336V100	604	17,250	SH		SOLE		0	0	0
Magellan Midstream Partners LP	STOCK	559080106	272	3,825	SH		SOLE		0	0	0
SemGroup Corp., Class A	STOCK	81663A105	109	3,800	SH		SOLE		0	0	0
Spectra Energy Partners LP	STOCK	84756N109	235	5,305	SH		SOLE		0	0	0
Summit Midstream Partners LP	STOCK	866142102	204	10,200	SH		SOLE		0	0	0
TC PipeLines LP	STOCK	87233Q108	299	5,720	SH		SOLE		0	0	0
Targa Resources Corp.	STOCK	87612G101	367	7,750	SH		SOLE		0	0	0
USA Compression Partners LP	STOCK	90290N109	284	16,966	SH		SOLE		0	0	0
Valero Energy Corp.	STOCK	91913Y100	115	1,500	SH		SOLE		0	0	0
Western Gas Partners LP	STOCK	958254104	154	3,000	SH		SOLE		0	0	0
BGC Partners, Inc., Class A	STOCK	05541T101	472	32,644	SH		SOLE		0	0	0
Blackstone Group LP/The	STOCK	09253U108	451	13,505	SH		SOLE		0	0	0
Wells Fargo & Co.	STOCK	949746101	160	2,900	SH		SOLE		0	0	0
Apple Hospitality REIT, Inc.	STOCK	03784Y200	625	33,050	SH		SOLE		0	0	0
Ashford Hospitality Trust, Inc.	STOCK	044103109	436	65,300	SH		SOLE		0	0	0
Blackstone Mortgage Trust, Inc., Class A	STOCK	09257W100	771	24,862	SH		SOLE		0	0	0
Chesapeake Lodging Trust	STOCK	165240102	531	19,700	SH		SOLE		0	0	0
City Office REIT, Inc.	STOCK	178587101	778	56,470	SH		SOLE		0	0	0
Digital Realty Trust, Inc.	STOCK	253868103	510	4,310	SH		SOLE		0	0	0
Education Realty Trust, Inc.	STOCK	28140H203	137	3,800	SH		SOLE		0	0	0
Gramercy Property Trust	STOCK	385002308	280	9,271	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure Capital, Inc.	STOCK	41068X100	647	26,529	SH		SOLE		0	0	0
Hersha Hospitality Trust	STOCK	427825500	523	28,000	SH		SOLE		0	0	0
Independence Realty Trust, Inc.	STOCK	45378A106	754	74,179	SH		SOLE		0	0	0
Lexington Realty Trust	STOCK	529043101	668	65,336	SH		SOLE		0	0	0
Pebblebrook Hotel Trust	STOCK	70509V100	514	14,213	SH		SOLE		0	0	0
Starwood Property Trust, Inc.	STOCK	85571B105	916	42,190	SH		SOLE		0	0	0
WP Carey, Inc.	STOCK	92936U109	426	6,320	SH		SOLE		0	0	0
Welltower, Inc.	STOCK	95040Q104	211	3,000	SH		SOLE		0	0	0
AT&T, Inc.	STOCK	00206R102	959	24,474	SH		SOLE		0	0	0
Verizon Communications, Inc.	STOCK	92343V104	294	5,950	SH		SOLE		0	0	0
American Electric Power Co., Inc.	STOCK	025537101	433	6,170	SH		SOLE		0	0	0
Consolidated Edison, Inc.	STOCK	209115104	701	8,690	SH		SOLE		0	0	0
Duke Energy Corp.	STOCK	26441C204	280	3,335	SH		SOLE		0	0	0
Aegon NV, 6.38 percent	STOCK	007924301	259	10,000	SH		SOLE		0	0	0
Aegon NV, 8.00 percent	STOCK	007924608	53	2,000	SH		SOLE		0	0	0
Arch Capital Group Ltd., Series E, 5.25 percent	STOCK	03939A206	247	10,000	SH		SOLE		0	0	0
BGC Partners, Inc., 8.13 percent	STOCK	05541T408	300	11,550	SH		SOLE		0	0	0
Capital One Financial Corp., Series D, 6.70 percent	STOCK	14040H709	272	10,000	SH		SOLE		0	0	0
Citigroup, Inc., Series S, 6.30 percent	STOCK	172967317	272	10,000	SH		SOLE		0	0	0
Citigroup, Inc., Series K, 6.88 percent	STOCK	172967341	348	12,000	SH		SOLE		0	0	0
First Republic Bank, Series F, 5.70 percent	STOCK	33616C852	263	10,000	SH		SOLE		0	0	0
Hancock Holding Co., 5.95 percent	STOCK	410120307	262	10,200	SH		SOLE		0	0	0
JPMorgan Chase & Co., Series W, 6.30 percent	STOCK	481246700	421	15,750	SH		SOLE		0	0	0
JPMorgan Chase & Co., Series T, 6.70 percent	STOCK	48127A161	269	10,000	SH		SOLE		0	0	0
JPMorgan Chase & Co., Series AA, 6.10 percent	STOCK	48127X542	270	10,000	SH		SOLE		0	0	0
KKR Financial Holdings LLC, Series A, 7.38 percent	STOCK	48248A603	248	9,600	SH		SOLE		0	0	0
Northern Trust Corp., Series C, 5.85 percent	STOCK	665859872	156	6,000	SH		SOLE		0	0	0
Torchmark Corp., 6.13 percent	STOCK	891027401	268	10,000	SH		SOLE		0	0	0
Wells Fargo & Co., Series W, 5.70 percent	STOCK	94988U714	520	20,000	SH		SOLE		0	0	0
Zions Bancorp, 6.95 percent	STOCK	989701818	603	20,000	SH		SOLE		0	0	0
Pitney Bowes, Inc., 6.70 percent	STOCK	724479506	306	12,000	SH		SOLE		0	0	0
eBay, Inc., 6.00 percent	STOCK	278642202	270	10,000	SH		SOLE		0	0	0
CBL & Associates Properties, Inc., Series D, 7.38 percent	STOCK	124830605	117	4,800	SH		SOLE		0	0	0
CBL & Associates Properties, Inc., Series E, 6.63 percent	STOCK	124830803	65	2,640	SH		SOLE		0	0	0
DDR Corp., Series J, 6.50 percent	STOCK	23317H607	288	11,500	SH		SOLE		0	0	0
Digital Realty Trust, Inc., Series I, 6.35 percent	STOCK	253868863	380	14,050	SH		SOLE		0	0	0
Digital Realty Trust, Inc., Series H, 7.38 percent	STOCK	253868871	376	13,848	SH		SOLE		0	0	0
Equity Commonwealth, Series D, 6.50 percent	STOCK	294628201	160	6,000	SH		SOLE		0	0	0
Equity Commonwealth, 5.75 percent	STOCK	294628508	253	10,000	SH		SOLE		0	0	0
Gramercy Property Trust, Series A, 7.13 percent	STOCK	385002209	80	3,000	SH		SOLE		0	0	0
National Retail Properties, Inc., Series F, 5.20 percent	STOCK	637417874	150	6,000	SH		SOLE		0	0	0
PS Business Parks, Inc., Series W, 5.20 percent	STOCK	69360J628	101	4,000	SH		SOLE		0	0	0
Public Storage, Series B, 5.40 percent	STOCK	74460W776	265	10,000	SH		SOLE		0	0	0
SL Green Realty Corp., Series I, 6.50 percent	STOCK	78440X507	205	8,100	SH		SOLE		0	0	0
Taubman Centers, Inc., Series J, 6.50 percent	STOCK	876664608	414	16,436	SH		SOLE		0	0	0
Taubman Centers, Inc., Series K, 6.25 percent	STOCK	876664707	81	3,211	SH		SOLE		0	0	0
Urstadt Biddle Properties, Inc., Series F, 7.13 percent	STOCK	917286700	254	10,000	SH		SOLE		0	0	0
Urstadt Biddle Properties, Inc., Series G, 6.75 percent	STOCK	917286809	105	4,000	SH		SOLE		0	0	0
Qwest Corp., 6.88 percent	STOCK	74913G105	312	12,000	SH		SOLE		0	0	0
United States Cellular Corp., 7.25 percent	STOCK	911684504	225	8,500	SH		SOLE		0	0	0
Dominion Resources, Inc., Series A, 5.25 percent	STOCK	25746U844	258	10,000	SH		SOLE		0	0	0
Duke Energy Corp., 5.13 percent	STOCK	26441C303	255	10,000	SH		SOLE		0	0	0
Entergy Arkansas, Inc., 4.88 percent	STOCK	29364D100	250	10,000	SH		SOLE		0	0	0
Entergy Mississippi, Inc., 4.90 percent	STOCK	29364N108	249	10,000	SH		SOLE		0	0	0
NextEra Energy Capital Holdings, Inc., Series K, 5.25 percent	STOCK	65339K100	255	10,000	SH		SOLE		0	0	0
NextEra Energy Capital Holdings, Inc., Series H, 5.63 percent	STOCK	65339K704	251	10,000	SH		SOLE		0	0	0
SCE Trust II, 5.10 percent	STOCK	78407R204	126	5,000	SH		SOLE		0	0	0
Southern Co., 5.25 percent	STOCK	842587305	255	10,000	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure Capital, Inc.	STOCK	41068X100	2,591	106,301	SH		SOLE		0	0	0
Andeavor	STOCK	03349M105	8,570	83,081	SH		SOLE		0	0	0
Archrock, Inc.	STOCK	03957W106	351	28,000	SH		SOLE		0	0	0
Enbridge, Inc.	STOCK	29250N105	8,822	210,839	SH		SOLE		0	0	0
Exxon Mobil Corp.	STOCK	30231G102	5,600	68,315	SH		SOLE		0	0	0
Kinder Morgan, Inc.	STOCK	49456B101	13,911	725,272	SH		SOLE		0	0	0
Marathon Petroleum Corp.	STOCK	56585A102	3,121	55,650	SH		SOLE		0	0	0
Occidental Petroleum Corp.	STOCK	674599105	4,498	70,050	SH		SOLE		0	0	0
ONEOK, Inc.	STOCK	682680103	9,971	179,945	SH		SOLE		0	0	0
Parsley Energy, Inc.	STOCK	701877102	8,657	328,650	SH		SOLE		0	0	0
Phillips 66	STOCK	718546104	7,025	76,687	SH		SOLE		0	0	0
SemGroup Corp., Class Class A	STOCK	81663A105	2,874	99,959	SH		SOLE		0	0	0
Targa Resources Corp.	STOCK	87612G101	11,603	245,300	SH		SOLE		0	0	0
TransCanada Corp.	STOCK	89353D107	1,723	34,850	SH		SOLE		0	0	0
Valero Energy Corp.	STOCK	91913Y100	7,206	93,664	SH		SOLE		0	0	0
Golar LNG Ltd.	STOCK	G9456A100	4,608	203,822	SH		SOLE		0	0	0
UGI Corp.	STOCK	902681105	5,450	116,300	SH		SOLE		0	0	0
American Midstream Partners LP	STOCK	02752P100	3,425	250,929	SH		SOLE		0	0	0
Andeavor Logistics LP	STOCK	03350F106	15,017	299,970	SH		SOLE		0	0	0
Antero Midstream Partners LP	STOCK	03673L103	23,915	758,484	SH		SOLE		0	0	0
Archrock Partners LP	STOCK	03957U100	1,703	119,426	SH		SOLE		0	0	0
Blueknight Energy Partners LP	STOCK	09625U109	1,282	222,955	SH		SOLE		0	0	0
Boardwalk Pipeline Partners LP	STOCK	096627104	11,463	779,800	SH		SOLE		0	0	0
Buckeye Partners LP	STOCK	118230101	11,709	205,420	SH		SOLE		0	0	0
Cheniere Energy Partners LP	STOCK	16411Q101	18,553	643,761	SH		SOLE		0	0	0
Cone Midstream Partners LP	STOCK	206812109	12,456	786,353	SH		SOLE		0	0	0
DCP Midstream LP	STOCK	23311P100	11,523	332,650	SH		SOLE		0	0	0
Dominion Energy Midstream Partners LP	STOCK	257454108	25,439	794,981	SH		SOLE		0	0	0
EQT Midstream Partners LP	STOCK	26885B100	10,662	142,215	SH		SOLE		0	0	0
EQT GP Holdings LP	STOCK	26885J103	1,946	67,189	SH		SOLE		0	0	0
Enable Midstream Partners LP	STOCK	292480100	10,859	679,508	SH		SOLE		0	0	0
Enbridge Energy Partners LP	STOCK	29250R106	2,510	157,073	SH		SOLE		0	0	0
Energy Transfer Partners LP	STOCK	29278N103	20,998	1,148,065	SH		SOLE		0	0	0
EnLink Midstream Partners LP	STOCK	29336U107	13,717	818,452	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	23,932	917,974	SH		SOLE		0	0	0
Genesis Energy LP	STOCK	371927104	9,669	366,942	SH		SOLE		0	0	0
Global Partners LP	STOCK	37946R109	1,928	110,797	SH		SOLE		0	0	0
Hess Midstream Partners LP	STOCK	428104103	4,907	223,338	SH		SOLE		0	0	0
Holly Energy Partners LP	STOCK	435763107	15,156	453,775	SH		SOLE		0	0	0
MPLX LP	STOCK	55336V100	23,378	667,743	SH		SOLE		0	0	0
Magellan Midstream Partners LP	STOCK	559080106	22,929	322,665	SH		SOLE		0	0	0
NGL Energy Partners LP	STOCK	62913M107	1,986	171,968	SH		SOLE		0	0	0
Noble Midstream Partners LP	STOCK	65506L105	17,907	345,230	SH		SOLE		0	0	0
NuStar Energy LP	STOCK	67058H102	8,552	210,701	SH		SOLE		0	0	0
Phillips 66 Partners LP	STOCK	718549207	25,494	485,039	SH		SOLE		0	0	0
Plains All American Pipeline LP	STOCK	726503105	6,572	310,149	SH		SOLE		0	0	0
Rice Midstream Partners LP	STOCK	762819100	20,899	998,034	SH		SOLE		0	0	0
Shell Midstream Partners LP	STOCK	822634101	21,496	772,143	SH		SOLE		0	0	0
Spectra Energy Partners LP	STOCK	84756N109	21,382	481,804	SH		SOLE		0	0	0
Sprague Resources LP	STOCK	849343108	5,419	220,282	SH		SOLE		0	0	0
Summit Midstream Partners LP	STOCK	866142102	7,127	356,358	SH		SOLE		0	0	0
Sunoco LP	STOCK	86765K109	6,647	213,729	SH		SOLE		0	0	0
TC PipeLines LP	STOCK	87233Q108	10,734	205,169	SH		SOLE		0	0	0
Tallgrass Energy GP LP	STOCK	874696107	2,398	84,878	SH		SOLE		0	0	0
Tallgrass Energy Partners LP	STOCK	874697105	12,862	268,582	SH		SOLE		0	0	0
USA Compression Partners LP	STOCK	90290N109	13,557	810,804	SH		SOLE		0	0	0
Valero Energy Partners LP	STOCK	91914J102	18,546	424,190	SH		SOLE		0	0	0
Western Gas Partners LP	STOCK	958254104	19,832	386,739	SH		SOLE		0	0	0
Western Gas Equity Partners LP	STOCK	95825R103	7,798	189,373	SH		SOLE		0	0	0
Williams Partners LP	STOCK	96949L105	21,507	552,867	SH		SOLE		0	0	0
Dynagas LNG Partners LP	STOCK	Y2188B108	523	37,500	SH		SOLE		0	0	0
Golar LNG Partners LP	STOCK	Y2745C102	12,799	550,952	SH		SOLE		0	0	0
Teekay LNG Partners LP	STOCK	Y8564M105	6,559	368,456	SH		SOLE		0	0	0
AmeriGas Partners LP	STOCK	030975106	5,178	115,220	SH		SOLE		0	0	0