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
Alexandria Real Estate Equities, Inc.	STOCK	015271109	614	4,700	SH		SOLE		0	0	0
American Assets Trust, Inc.	STOCK	024013104	398	10,400	SH		SOLE		0	0	0
American Campus Communities, Inc.	STOCK	024835100	677	16,500	SH		SOLE		0	0	0
American Tower Corp.	STOCK	03027X100	892	6,250	SH		SOLE		0	0	0
Andeavor	STOCK	03349M105	200	1,750	SH		SOLE		0	0	0
Apartment Investment & Management Co.	STOCK	03748R101	2,630	60,180	SH		SOLE		0	0	0
Apple Hospitality REIT, Inc.	STOCK	03784Y200	1,808	92,210	SH		SOLE		0	0	0
Ashford Hospitality Prime, Inc.	STOCK	044102101	322	33,100	SH		SOLE		0	0	0
Ashford Hospitality Trust, Inc.	STOCK	044103109	775	115,125	SH		SOLE		0	0	0
AvalonBay Communities, Inc.	STOCK	053484101	2,639	14,790	SH		SOLE		0	0	0
Blackstone Mortgage Trust, Inc.	STOCK	09257W100	1,416	44,000	SH		SOLE		0	0	0
Boston Properties, Inc.	STOCK	101121101	2,880	22,150	SH		SOLE		0	0	0
Camden Property Trust	STOCK	133131102	2,255	24,500	SH		SOLE		0	0	0
Cheniere Energy Partners LP	STOCK	16411Q101	210	7,100	SH		SOLE		0	0	0
Chesapeake Lodging Trust	STOCK	165240102	899	33,200	SH		SOLE		0	0	0
City Office REIT, Inc.	STOCK	178587101	1,682	129,258	SH		SOLE		0	0	0
Colony NorthStar, Inc.	STOCK	19625W104	571	50,000	SH		SOLE		0	0	0
CoreSite Realty Corp.	STOCK	21870Q105	4,556	40,000	SH		SOLE		0	0	0
CoreCivic, Inc.	STOCK	21871N101	116	5,150	SH		SOLE		0	0	0
Crown Castle International Corp.	STOCK	22822V101	516	4,650	SH		SOLE		0	0	0
CubeSmart	STOCK	229663109	521	18,000	SH		SOLE		0	0	0
CyrusOne, Inc.	STOCK	23283R100	2,000	33,600	SH		SOLE		0	0	0
DCT Industrial Trust, Inc.	STOCK	233153204	836	14,214	SH		SOLE		0	0	0
DiamondRock Hospitality Co.	STOCK	252784301	2,339	207,147	SH		SOLE		0	0	0
Digital Realty Trust, Inc.	STOCK	253868103	6,325	55,531	SH		SOLE		0	0	0
Education Realty Trust, Inc.	STOCK	28140H203	1,076	30,825	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	1,449	54,677	SH		SOLE		0	0	0
Equinix, Inc.	STOCK	29444U700	1,858	4,100	SH		SOLE		0	0	0
Equity LifeStyle Properties, Inc.	STOCK	29472R108	1,972	22,150	SH		SOLE		0	0	0
Equity Residential	STOCK	29476L107	2,220	34,815	SH		SOLE		0	0	0
Essex Property Trust, Inc.	STOCK	297178105	2,422	10,036	SH		SOLE		0	0	0
Extra Space Storage, Inc.	STOCK	30225T102	1,491	17,050	SH		SOLE		0	0	0
Exxon Mobil Corp.	STOCK	30231G102	125	1,500	SH		SOLE		0	0	0
Federal Realty Investment Trust	STOCK	313747206	2,826	21,275	SH		SOLE		0	0	0
GEO Group, Inc./The	STOCK	36162J106	145	6,150	SH		SOLE		0	0	0
GGP, Inc.	STOCK	36174X101	816	34,900	SH		SOLE		0	0	0
Global Medical REIT, Inc.	STOCK	37954A204	123	15,000	SH		SOLE		0	0	0
Gramercy Property Trust	STOCK	385002308	489	18,333	SH		SOLE		0	0	0
HCP, Inc.	STOCK	40414L109	668	25,618	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure	STOCK	41068X100	1,072	44,567	SH		SOLE		0	0	0
Healthcare Trust of America, Inc.	STOCK	42225P501	180	6,000	SH		SOLE		0	0	0
Hersha Hospitality Trust	STOCK	427825500	1,301	74,750	SH		SOLE		0	0	0
Hudson Pacific Properties, Inc.	STOCK	444097109	2,719	79,400	SH		SOLE		0	0	0
JBG SMITH Properties	STOCK	46590V100	174	5,000	SH		SOLE		0	0	0
Kilroy Realty Corp.	STOCK	49427F108	2,416	32,365	SH		SOLE		0	0	0
Kimco Realty Corp.	STOCK	49446R109	977	53,819	SH		SOLE		0	0	0
Kinder Morgan, Inc.	STOCK	49456B101	45	2,500	SH		SOLE		0	0	0
Life Storage, Inc.	STOCK	53223X107	1,412	15,850	SH		SOLE		0	0	0
MPLX LP	STOCK	55336V100	663	18,686	SH		SOLE		0	0	0
Magellan Midstream Partners LP	STOCK	559080106	653	9,200	SH		SOLE		0	0	0
Mid-America Apartment Communities, Inc.	STOCK	59522J103	2,501	24,872	SH		SOLE		0	0	0
Pebblebrook Hotel Trust	STOCK	70509V100	1,971	53,031	SH		SOLE		0	0	0
Phillips 66	STOCK	718546104	152	1,500	SH		SOLE		0	0	0
Prologis, Inc.	STOCK	74340W103	6,014	93,225	SH		SOLE		0	0	0
QTS Realty Trust, Inc.	STOCK	74736A103	2,727	50,350	SH		SOLE		0	0	0
RLJ Lodging Trust	STOCK	74965L101	1,644	74,834	SH		SOLE		0	0	0
Realty Income Corp.	STOCK	756109104	563	9,880	SH		SOLE		0	0	0
Regency Centers Corp.	STOCK	758849103	1,370	19,800	SH		SOLE		0	0	0
SL Green Realty Corp.	STOCK	78440X101	2,074	20,550	SH		SOLE		0	0	0
Simon Property Group, Inc.	STOCK	828806109	2,928	17,050	SH		SOLE		0	0	0
Sotherly Hotels, Inc.	STOCK	83600C103	335	52,000	SH		SOLE		0	0	0
Spectra Energy Partners LP	STOCK	84756N109	386	9,755	SH		SOLE		0	0	0
Spirit Realty Capital, Inc.	STOCK	84860W102	106	12,400	SH		SOLE		0	0	0
STAG Industrial, Inc.	STOCK	85254J102	560	20,500	SH		SOLE		0	0	0
Starwood Property Trust, Inc.	STOCK	85571B105	972	45,550	SH		SOLE		0	0	0
STORE Capital Corp.	STOCK	862121100	98	3,780	SH		SOLE		0	0	0
Sun Communities, Inc.	STOCK	866674104	2,166	23,350	SH		SOLE		0	0	0
Terreno Realty Corp.	STOCK	88146M101	511	14,575	SH		SOLE		0	0	0
UDR, Inc.	STOCK	902653104	2,400	62,306	SH		SOLE		0	0	0
Valero Energy Corp.	STOCK	91913Y100	184	2,000	SH		SOLE		0	0	0
Ventas, Inc.	STOCK	92276F100	1,194	19,900	SH		SOLE		0	0	0
Vornado Realty Trust	STOCK	929042109	782	10,000	SH		SOLE		0	0	0
WP Carey, Inc.	STOCK	92936U109	1,998	29,000	SH		SOLE		0	0	0
Welltower, Inc.	STOCK	95040Q104	1,103	17,300	SH		SOLE		0	0	0
Western Gas Partners LP	STOCK	958254104	706	14,680	SH		SOLE		0	0	0
AES Corp.	STOCK	00130H105	87	8,000	SH		SOLE		0	0	0
AT&T, Inc.	STOCK	00206R102	947	24,350	SH		SOLE		0	0	0
AbbVie, Inc.	STOCK	00287Y109	455	4,700	SH		SOLE		0	0	0
Adobe Systems, Inc.	STOCK	00724F101	736	4,200	SH		SOLE		0	0	0
AdvanSix, Inc.	STOCK	00773T101	187	4,448	SH		SOLE		0	0	0
Aetna, Inc.	STOCK	00817Y108	685	3,800	SH		SOLE		0	0	0
Alexandria Real Estate Equities, Inc.	STOCK	015271109	215	1,650	SH		SOLE		0	0	0
Altria Group, Inc.	STOCK	02209S103	1,835	25,700	SH		SOLE		0	0	0
American Airlines Group, Inc.	STOCK	02376R102	52	1,000	SH		SOLE		0	0	0
American Campus Communities, Inc.	STOCK	024835100	441	10,750	SH		SOLE		0	0	0
American Electric Power Co., Inc.	STOCK	025537101	129	1,750	SH		SOLE		0	0	0
American Express Co.	STOCK	025816109	993	10,000	SH		SOLE		0	0	0
American Tower Corp.	STOCK	03027X100	621	4,350	SH		SOLE		0	0	0
Amgen, Inc.	STOCK	031162100	565	3,250	SH		SOLE		0	0	0
Andeavor	STOCK	03349M105	229	2,000	SH		SOLE		0	0	0
Apache Corp.	STOCK	037411105	127	3,000	SH		SOLE		0	0	0
Apple, Inc.	STOCK	037833100	3,926	23,200	SH		SOLE		0	0	0
Apple Hospitality REIT, Inc.	STOCK	03784Y200	325	16,550	SH		SOLE		0	0	0
Applied Materials, Inc.	STOCK	038222105	1,012	19,800	SH		SOLE		0	0	0
Bank of America Corp.	STOCK	060505104	1,352	45,800	SH		SOLE		0	0	0
Blackstone Group LP/The	STOCK	09253U108	535	16,700	SH		SOLE		0	0	0
Boeing Co./The	STOCK	097023105	1,710	5,800	SH		SOLE		0	0	0
Brighthouse Financial, Inc.	STOCK	10922N103	45	761	SH		SOLE		0	0	0
Bristol-Myers Squibb Co.	STOCK	110122108	858	14,000	SH		SOLE		0	0	0
CBS Corp.	STOCK	124857202	596	10,100	SH		SOLE		0	0	0
CF Industries Holdings, Inc.	STOCK	125269100	370	8,700	SH		SOLE		0	0	0
CME Group, Inc.	STOCK	12572Q105	745	5,100	SH		SOLE		0	0	0
CSX Corp.	STOCK	126408103	1,122	20,400	SH		SOLE		0	0	0
Carlyle Group LP/The	STOCK	14309L102	330	14,400	SH		SOLE		0	0	0
Caterpillar, Inc.	STOCK	149123101	1,473	9,350	SH		SOLE		0	0	0
Centene Corp.	STOCK	15135B101	383	3,800	SH		SOLE		0	0	0
Chevron Corp.	STOCK	166764100	1,034	8,260	SH		SOLE		0	0	0
Cisco Systems, Inc.	STOCK	17275R102	1,107	28,900	SH		SOLE		0	0	0
Citigroup, Inc.	STOCK	172967424	915	12,300	SH		SOLE		0	0	0
Clorox Co./The	STOCK	189054109	350	2,350	SH		SOLE		0	0	0
Coca-Cola Co./The	STOCK	191216100	720	15,700	SH		SOLE		0	0	0
Cognizant Technology Solutions Corp.	STOCK	192446102	717	10,100	SH		SOLE		0	0	0
Colgate-Palmolive Co.	STOCK	194162103	226	3,000	SH		SOLE		0	0	0
Comcast Corp.	STOCK	20030N101	1,202	30,000	SH		SOLE		0	0	0
ConAgra Foods, Inc.	STOCK	205887102	305	8,100	SH		SOLE		0	0	0
ConocoPhillips	STOCK	20825C104	469	8,550	SH		SOLE		0	0	0
CoreCivic, Inc.	STOCK	21871N101	116	5,150	SH		SOLE		0	0	0
Corning, Inc.	STOCK	219350105	659	20,600	SH		SOLE		0	0	0
Crown Castle International Corp.	STOCK	22822V101	472	4,250	SH		SOLE		0	0	0
CyrusOne, Inc.	STOCK	23283R100	324	5,450	SH		SOLE		0	0	0
D.R. Horton, Inc.	STOCK	23331A109	460	9,000	SH		SOLE		0	0	0
DXC Technology Co.	STOCK	23355L106	335	3,528	SH		SOLE		0	0	0
Deere & Co.	STOCK	244199105	626	4,000	SH		SOLE		0	0	0
Dell Technologies, Inc.	STOCK	24703L103	163	2,006	SH		SOLE		0	0	0
Delta Air Lines, Inc.	STOCK	247361702	112	2,000	SH		SOLE		0	0	0
Devon Energy Corp.	STOCK	25179M103	124	3,000	SH		SOLE		0	0	0
DiamondRock Hospitality Co.	STOCK	252784301	113	10,000	SH		SOLE		0	0	0
Digital Realty Trust, Inc.	STOCK	253868103	251	2,200	SH		SOLE		0	0	0
Walt Disney Co./The	STOCK	254687106	1,613	15,000	SH		SOLE		0	0	0
DowDuPont, Inc.	STOCK	26078J100	1,620	22,752	SH		SOLE		0	0	0
EOG Resources, Inc.	STOCK	26875P101	939	8,700	SH		SOLE		0	0	0
Edison International	STOCK	281020107	70	1,100	SH		SOLE		0	0	0
Education Realty Trust, Inc.	STOCK	28140H203	721	20,650	SH		SOLE		0	0	0
Edwards LifeSciences Corp.	STOCK	28176E108	113	1,000	SH		SOLE		0	0	0
Exxon Mobil Corp.	STOCK	30231G102	1,334	15,950	SH		SOLE		0	0	0
FedEx Corp.	STOCK	31428X106	1,073	4,300	SH		SOLE		0	0	0
Fifth Third Bancorp	STOCK	316773100	467	15,400	SH		SOLE		0	0	0
GEO Group, Inc./The	STOCK	36162J106	205	8,700	SH		SOLE		0	0	0
General Electric Co.	STOCK	369604103	567	32,481	SH		SOLE		0	0	0
Gilead Sciences, Inc.	STOCK	375558103	380	5,300	SH		SOLE		0	0	0
Goldman Sachs Group, Inc./The	STOCK	38141G104	832	3,265	SH		SOLE		0	0	0
Gramercy Property Trust	STOCK	385002308	244	9,166	SH		SOLE		0	0	0
HP, Inc.	STOCK	40434L105	576	27,400	SH		SOLE		0	0	0
Halliburton Co.	STOCK	406216101	347	7,100	SH		SOLE		0	0	0
Hartford Financial Services Group, Inc./The	STOCK	416515104	844	15,000	SH		SOLE		0	0	0
Healthcare Realty Trust, Inc.	STOCK	421946104	161	5,000	SH		SOLE		0	0	0
Healthcare Trust of America, Inc.	STOCK	42225P501	135	4,500	SH		SOLE		0	0	0
Hewlett Packard Enterprise Co.	STOCK	42824C109	205	14,300	SH		SOLE		0	0	0
Home Depot, Inc./The	STOCK	437076102	2,928	15,450	SH		SOLE		0	0	0
Honeywell International, Inc.	STOCK	438516106	728	4,750	SH		SOLE		0	0	0
Humana, Inc.	STOCK	444859102	744	3,000	SH		SOLE		0	0	0
Huntington Bancshares, Inc.	STOCK	446150104	438	30,050	SH		SOLE		0	0	0
Intel Corp.	STOCK	458140100	1,219	26,400	SH		SOLE		0	0	0
International Business Machines Corp.	STOCK	459200101	438	2,858	SH		SOLE		0	0	0
Invesco Mortgage Capital, Inc.	STOCK	46131B100	125	7,000	SH		SOLE		0	0	0
JPMorgan Chase & Co.	STOCK	46625H100	1,709	15,977	SH		SOLE		0	0	0
Johnson & Johnson	STOCK	478160104	1,510	10,810	SH		SOLE		0	0	0
Kimberly-Clark Corp.	STOCK	494368103	724	6,000	SH		SOLE		0	0	0
Kraft Heinz Co./The	STOCK	500754106	233	2,999	SH		SOLE		0	0	0
Laboratory Corp of America Holdings	STOCK	50540R409	96	600	SH		SOLE		0	0	0
Lamb Weston Holdings, Inc.	STOCK	513272104	271	4,800	SH		SOLE		0	0	0
Lennar Corp.	STOCK	526057104	316	5,000	SH		SOLE		0	0	0
Lennar Corp.	STOCK	526057302	5	100	SH		SOLE		0	0	0
M&T Bank Corp.	STOCK	55261F104	376	2,200	SH		SOLE		0	0	0
MGM Resorts International	STOCK	552953101	190	5,700	SH		SOLE		0	0	0
Masco Corp.	STOCK	574599106	505	11,500	SH		SOLE		0	0	0
MasterCard, Inc.	STOCK	57636Q104	1,135	7,500	SH		SOLE		0	0	0
McDonald's Corp.	STOCK	580135101	1,546	8,980	SH		SOLE		0	0	0
McKesson Corp.	STOCK	58155Q103	686	4,400	SH		SOLE		0	0	0
Merck & Co., Inc.	STOCK	58933Y105	737	13,100	SH		SOLE		0	0	0
MetLife, Inc.	STOCK	59156R108	423	8,375	SH		SOLE		0	0	0
Micro Focus International PLC	STOCK	594837304	66	1,963	SH		SOLE		0	0	0
Microsoft Corp.	STOCK	594918104	2,947	34,450	SH		SOLE		0	0	0
NetApp, Inc.	STOCK	64110D104	310	5,600	SH		SOLE		0	0	0
NextEra Energy, Inc.	STOCK	65339F101	875	5,600	SH		SOLE		0	0	0
NVIDIA Corp.	STOCK	67066G104	381	1,970	SH		SOLE		0	0	0
Oracle Corp.	STOCK	68389X105	1,173	24,800	SH		SOLE		0	0	0
Paychex, Inc.	STOCK	704326107	603	8,850	SH		SOLE		0	0	0
Pebblebrook Hotel Trust	STOCK	70509V100	145	3,900	SH		SOLE		0	0	0
PepsiCo, Inc.	STOCK	713448108	1,097	9,150	SH		SOLE		0	0	0
Pfizer, Inc.	STOCK	717081103	612	16,900	SH		SOLE		0	0	0
Philip Morris International, Inc.	STOCK	718172109	1,046	9,900	SH		SOLE		0	0	0
Procter & Gamble Co./The	STOCK	742718109	432	4,700	SH		SOLE		0	0	0
Prologis, Inc.	STOCK	74340W103	452	7,000	SH		SOLE		0	0	0
Prudential Financial, Inc.	STOCK	744320102	517	4,500	SH		SOLE		0	0	0
QTS Realty Trust, Inc.	STOCK	74736A103	125	2,300	SH		SOLE		0	0	0
QUALCOMM, Inc.	STOCK	747525103	499	7,800	SH		SOLE		0	0	0
Quest Diagnostics, Inc.	STOCK	74834L100	443	4,500	SH		SOLE		0	0	0
Realty Income Corp.	STOCK	756109104	114	2,000	SH		SOLE		0	0	0
Ross Stores, Inc.	STOCK	778296103	482	6,000	SH		SOLE		0	0	0
Schlumberger Ltd.	STOCK	806857108	290	4,300	SH		SOLE		0	0	0
Simon Property Group, Inc.	STOCK	828806109	412	2,400	SH		SOLE		0	0	0
Sun Communities, Inc.	STOCK	866674104	362	3,900	SH		SOLE		0	0	0
Symantec Corp.	STOCK	871503108	735	26,200	SH		SOLE		0	0	0
TJX Cos., Inc./The	STOCK	872540109	245	3,200	SH		SOLE		0	0	0
Target Corp.	STOCK	87612E106	326	5,000	SH		SOLE		0	0	0
Terreno Realty Corp.	STOCK	88146M101	70	2,000	SH		SOLE		0	0	0
Texas Instruments, Inc.	STOCK	882508104	1,726	16,525	SH		SOLE		0	0	0
Thermo Fisher Scientific, Inc.	STOCK	883556102	513	2,700	SH		SOLE		0	0	0
3M Co.	STOCK	88579Y101	1,330	5,650	SH		SOLE		0	0	0
Travelers Cos., Inc./The	STOCK	89417E109	190	1,400	SH		SOLE		0	0	0
U.S. Bancorp	STOCK	902973304	520	9,700	SH		SOLE		0	0	0
United Technologies Corp.	STOCK	913017109	447	3,500	SH		SOLE		0	0	0
UnitedHealth Group, Inc.	STOCK	91324P102	2,094	9,500	SH		SOLE		0	0	0
Valero Energy Corp.	STOCK	91913Y100	1,167	12,700	SH		SOLE		0	0	0
Verizon Communications, Inc.	STOCK	92343V104	913	17,240	SH		SOLE		0	0	0
Visa, Inc.	STOCK	92826C839	2,189	19,200	SH		SOLE		0	0	0
WEC Energy Group, Inc.	STOCK	92939U106	545	8,200	SH		SOLE		0	0	0
Wal-Mart Stores, Inc.	STOCK	931142103	708	7,174	SH		SOLE		0	0	0
Waste Connections, Inc.	STOCK	94106B101	910	12,825	SH		SOLE		0	0	0
Wells Fargo & Co.	STOCK	949746101	1,242	20,476	SH		SOLE		0	0	0
Welltower, Inc.	STOCK	95040Q104	96	1,500	SH		SOLE		0	0	0
Adient PLC	STOCK	G0084W101	581	7,385	SH		SOLE		0	0	0
Allergan PLC	STOCK	G0177J108	540	3,300	SH		SOLE		0	0	0
Accenture PLC	STOCK	G1151C101	1,033	6,750	SH		SOLE		0	0	0
Johnson Controls International PLC	STOCK	G51502105	414	10,853	SH		SOLE		0	0	0
Medtronic PLC	STOCK	G5960L103	729	9,029	SH		SOLE		0	0	0
Seagate Technology PLC	STOCK	G7945M107	169	4,050	SH		SOLE		0	0	0
Perrigo Co. PLC	STOCK	G97822103	113	1,300	SH		SOLE		0	0	0
Mylan NV	STOCK	N59465109	118	2,800	SH		SOLE		0	0	0
Royal Caribbean Cruises Ltd.	STOCK	V7780T103	596	5,000	SH		SOLE		0	0	0
AT&T, Inc.	STOCK	00206R102	700	18,000	SH		SOLE		0	0	0
Andeavor Logistics LP	STOCK	03350F106	296	6,405	SH		SOLE		0	0	0
Apple Hospitality REIT, Inc.	STOCK	03784Y200	638	32,539	SH		SOLE		0	0	0
Blackstone Group LP/The	STOCK	09253U108	227	7,100	SH		SOLE		0	0	0
Blackstone Mortgage Trust, Inc.	STOCK	09257W100	372	11,565	SH		SOLE		0	0	0
Buckeye Partners LP	STOCK	118230101	441	8,903	SH		SOLE		0	0	0
CNX Midstream Partners LP	STOCK	12654A101	143	8,500	SH		SOLE		0	0	0
City Office REIT, Inc.	STOCK	178587101	260	20,000	SH		SOLE		0	0	0
DiamondRock Hospitality Co.	STOCK	252784301	293	25,953	SH		SOLE		0	0	0
Enbridge Energy Partners LP	STOCK	29250R106	311	22,519	SH		SOLE		0	0	0
Energy Transfer Partners LP	STOCK	29278N103	904	50,446	SH		SOLE		0	0	0
EnLink Midstream Partners LP	STOCK	29336U107	521	33,865	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	1,124	42,400	SH		SOLE		0	0	0
Global Partners LP	STOCK	37946R109	120	7,215	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure	STOCK	41068X100	1,270	52,792	SH		SOLE		0	0	0
MPLX LP	STOCK	55336V100	1,135	32,000	SH		SOLE		0	0	0
Magellan Midstream Partners LP	STOCK	559080106	830	11,700	SH		SOLE		0	0	0
Pebblebrook Hotel Trust	STOCK	70509V100	327	8,806	SH		SOLE		0	0	0
Plains All American Pipeline LP	STOCK	726503105	66	3,200	SH		SOLE		0	0	0
Spectra Energy Partners LP	STOCK	84756N109	1,048	26,500	SH		SOLE		0	0	0
Spirit Realty Capital, Inc.	STOCK	84860W102	172	20,000	SH		SOLE		0	0	0
TC PipeLines LP	STOCK	87233Q108	568	10,695	SH		SOLE		0	0	0
Targa Resources Corp.	STOCK	87612G101	617	12,739	SH		SOLE		0	0	0
USA Compression Partners LP	STOCK	90290N109	212	12,796	SH		SOLE		0	0	0
Verizon Communications, Inc.	STOCK	92343V104	529	10,000	SH		SOLE		0	0	0
Western Gas Partners LP	STOCK	958254104	902	18,750	SH		SOLE		0	0	0
AT&T, Inc.	STOCK	00206R102	438	11,274	SH		SOLE		0	0	0
Altria Group, Inc.	STOCK	02209S103	442	6,190	SH		SOLE		0	0	0
American Electric Power Co., Inc.	STOCK	025537101	402	5,470	SH		SOLE		0	0	0
Andeavor Logistics LP	STOCK	03350F106	246	5,332	SH		SOLE		0	0	0
Apple Hospitality REIT, Inc.	STOCK	03784Y200	597	30,445	SH		SOLE		0	0	0
Ashford Hospitality Trust, Inc.	STOCK	044103109	439	65,300	SH		SOLE		0	0	0
BGC Partners, Inc.	STOCK	05541T101	493	32,644	SH		SOLE		0	0	0
Blackstone Group LP/The	STOCK	09253U108	384	12,005	SH		SOLE		0	0	0
Blackstone Mortgage Trust, Inc.	STOCK	09257W100	623	19,357	SH		SOLE		0	0	0
British American Tobacco PLC	STOCK	110448107	284	4,235	SH		SOLE		0	0	0
CNX Midstream Partners LP	STOCK	12654A101	325	19,400	SH		SOLE		0	0	0
Cheniere Energy Partners LP	STOCK	16411Q101	338	11,400	SH		SOLE		0	0	0
Chesapeake Lodging Trust	STOCK	165240102	534	19,700	SH		SOLE		0	0	0
City Office REIT, Inc.	STOCK	178587101	559	42,970	SH		SOLE		0	0	0
Consolidated Edison, Inc.	STOCK	209115104	662	7,790	SH		SOLE		0	0	0
Digital Realty Trust, Inc.	STOCK	253868103	388	3,410	SH		SOLE		0	0	0
Duke Energy Corp.	STOCK	26441C204	281	3,335	SH		SOLE		0	0	0
Education Realty Trust, Inc.	STOCK	28140H203	133	3,800	SH		SOLE		0	0	0
Enbridge, Inc.	STOCK	29250N105	185	4,723	SH		SOLE		0	0	0
Energy Transfer Partners LP	STOCK	29278N103	410	22,904	SH		SOLE		0	0	0
EnLink Midstream Partners LP	STOCK	29336U107	279	18,140	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	771	29,080	SH		SOLE		0	0	0
Equity Commonwealth, Series D, 6.50 PERCENT	STOCK	294628201	160	6,000	SH		SOLE		0	0	0
Exxon Mobil Corp.	STOCK	30231G102	100	1,200	SH		SOLE		0	0	0
Gramercy Property Trust	STOCK	385002308	175	6,576	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure	STOCK	41068X100	638	26,529	SH		SOLE		0	0	0
Hersha Hospitality Trust	STOCK	427825500	412	23,700	SH		SOLE		0	0	0
Holly Energy Partners LP	STOCK	435763107	107	3,300	SH		SOLE		0	0	0
Independence Realty Trust, Inc.	STOCK	45378A106	724	71,729	SH		SOLE		0	0	0
Lexington Realty Trust	STOCK	529043101	582	60,321	SH		SOLE		0	0	0
MPLX LP	STOCK	55336V100	612	17,250	SH		SOLE		0	0	0
Magellan Midstream Partners LP	STOCK	559080106	271	3,825	SH		SOLE		0	0	0
Pebblebrook Hotel Trust	STOCK	70509V100	502	13,513	SH		SOLE		0	0	0
Philip Morris International, Inc.	STOCK	718172109	294	2,780	SH		SOLE		0	0	0
Spectra Energy Partners LP	STOCK	84756N109	210	5,305	SH		SOLE		0	0	0
Starwood Property Trust, Inc.	STOCK	85571B105	701	32,820	SH		SOLE		0	0	0
Summit Midstream Partners LP	STOCK	866142102	209	10,200	SH		SOLE		0	0	0
TC PipeLines LP	STOCK	87233Q108	304	5,720	SH		SOLE		0	0	0
Targa Resources Corp.	STOCK	87612G101	375	7,750	SH		SOLE		0	0	0
USA Compression Partners LP	STOCK	90290N109	281	16,966	SH		SOLE		0	0	0
Urstadt Biddle Properties, Inc., Series G, 6.75 PERCENT	STOCK	917286809	105	4,000	SH		SOLE		0	0	0
Valero Energy Corp.	STOCK	91913Y100	138	1,500	SH		SOLE		0	0	0
Verizon Communications, Inc.	STOCK	92343V104	394	7,435	SH		SOLE		0	0	0
WP Carey, Inc.	STOCK	92936U109	435	6,320	SH		SOLE		0	0	0
Wells Fargo & Co.	STOCK	949746101	176	2,900	SH		SOLE		0	0	0
Western Gas Partners LP	STOCK	958254104	144	3,000	SH		SOLE		0	0	0
American Midstream Partners LP	STOCK	02752P100	3,350	250,929	SH		SOLE		0	0	0
AmeriGas Partners LP	STOCK	030975106	5,327	115,220	SH		SOLE		0	0	0
Andeavor	STOCK	03349M105	9,499	83,081	SH		SOLE		0	0	0
Andeavor Logistics LP	STOCK	03350F106	13,856	299,970	SH		SOLE		0	0	0
Antero Midstream Partners LP	STOCK	03673L103	22,026	758,484	SH		SOLE		0	0	0
Antero Midstream GP LP	STOCK	03675Y103	1,043	52,900	SH		SOLE		0	0	0
Archrock Partners LP	STOCK	03957U100	1,283	107,726	SH		SOLE		0	0	0
Archrock, Inc.	STOCK	03957W106	294	28,000	SH		SOLE		0	0	0
Blueknight Energy Partners LP	STOCK	09625U109	1,289	252,655	SH		SOLE		0	0	0
Boardwalk Pipeline Partners LP	STOCK	096627104	10,067	779,800	SH		SOLE		0	0	0
Buckeye Partners LP	STOCK	118230101	9,343	188,547	SH		SOLE		0	0	0
CNX Midstream Partners LP	STOCK	12654A101	13,187	786,353	SH		SOLE		0	0	0
Cheniere Energy Partners LP	STOCK	16411Q101	19,081	643,761	SH		SOLE		0	0	0
Crestwood Equity Partners LP	STOCK	226344208	1,518	58,850	SH		SOLE		0	0	0
DCP Midstream LP	STOCK	23311P100	12,085	332,650	SH		SOLE		0	0	0
Dominion Energy Midstream Partners LP	STOCK	257454108	24,207	794,981	SH		SOLE		0	0	0
EQT Midstream Partners LP	STOCK	26885B100	10,396	142,215	SH		SOLE		0	0	0
EQT GP Holdings LP	STOCK	26885J103	1,807	67,189	SH		SOLE		0	0	0
Enable Midstream Partners LP	STOCK	292480100	9,663	679,508	SH		SOLE		0	0	0
Enbridge, Inc.	STOCK	29250N105	8,246	210,839	SH		SOLE		0	0	0
Enbridge Energy Partners LP	STOCK	29250R106	2,169	157,073	SH		SOLE		0	0	0
Energy Transfer Partners LP	STOCK	29278N103	20,573	1,148,065	SH		SOLE		0	0	0
EnLink Midstream Partners LP	STOCK	29336U107	12,580	818,452	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	24,335	917,974	SH		SOLE		0	0	0
Exxon Mobil Corp.	STOCK	30231G102	5,714	68,315	SH		SOLE		0	0	0
Genesis Energy LP	STOCK	371927104	8,876	397,142	SH		SOLE		0	0	0
Global Partners LP	STOCK	37946R109	1,850	110,797	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure	STOCK	41068X100	2,558	106,301	SH		SOLE		0	0	0
Hess Midstream Partners LP	STOCK	428104103	4,424	223,338	SH		SOLE		0	0	0
Holly Energy Partners LP	STOCK	435763107	14,743	453,775	SH		SOLE		0	0	0
Kinder Morgan, Inc.	STOCK	49456B101	13,106	725,272	SH		SOLE		0	0	0
MPLX LP	STOCK	55336V100	24,025	677,343	SH		SOLE		0	0	0
Magellan Midstream Partners LP	STOCK	559080106	22,890	322,665	SH		SOLE		0	0	0
Marathon Petroleum Corp.	STOCK	56585A102	3,672	55,650	SH		SOLE		0	0	0
NGL Energy Partners LP	STOCK	62913M107	2,416	171,968	SH		SOLE		0	0	0
Noble Midstream Partners LP	STOCK	65506L105	17,262	345,230	SH		SOLE		0	0	0
Occidental Petroleum Corp.	STOCK	674599105	5,160	70,050	SH		SOLE		0	0	0
ONEOK, Inc.	STOCK	682680103	9,618	179,945	SH		SOLE		0	0	0
PBF Logistics LP	STOCK	69318Q104	765	36,500	SH		SOLE		0	0	0
Parsley Energy, Inc.	STOCK	701877102	9,675	328,650	SH		SOLE		0	0	0
Phillips 66	STOCK	718546104	7,757	76,687	SH		SOLE		0	0	0
Phillips 66 Partners LP	STOCK	718549207	25,392	485,039	SH		SOLE		0	0	0
Plains All American Pipeline LP	STOCK	726503105	6,401	310,149	SH		SOLE		0	0	0
Rice Midstream Partners LP	STOCK	762819100	21,428	998,034	SH		SOLE		0	0	0
SemGroup Corp.	STOCK	81663A105	3,019	99,959	SH		SOLE		0	0	0
Shell Midstream Partners LP	STOCK	822634101	23,025	772,143	SH		SOLE		0	0	0
Spectra Energy Partners LP	STOCK	84756N109	19,051	481,804	SH		SOLE		0	0	0
Sprague Resources LP	STOCK	849343108	5,331	220,282	SH		SOLE		0	0	0
Summit Midstream Partners LP	STOCK	866142102	7,457	363,758	SH		SOLE		0	0	0
Sunoco LP	STOCK	86765K109	6,070	213,729	SH		SOLE		0	0	0
TC PipeLines LP	STOCK	87233Q108	10,894	205,169	SH		SOLE		0	0	0
Tallgrass Energy GP LP	STOCK	874696107	2,185	84,878	SH		SOLE		0	0	0
Tallgrass Energy Partners LP	STOCK	874697105	12,314	268,582	SH		SOLE		0	0	0
Targa Resources Corp.	STOCK	87612G101	11,877	245,300	SH		SOLE		0	0	0
TransCanada Corp.	STOCK	89353D107	1,695	34,850	SH		SOLE		0	0	0
UGI Corp.	STOCK	902681105	5,460	116,300	SH		SOLE		0	0	0
USA Compression Partners LP	STOCK	90290N109	13,411	810,804	SH		SOLE		0	0	0
Valero Energy Corp.	STOCK	91913Y100	8,609	93,664	SH		SOLE		0	0	0
Valero Energy Partners LP	STOCK	91914J102	18,876	424,190	SH		SOLE		0	0	0
Viper Energy Partners LP	STOCK	92763M105	3,021	129,500	SH		SOLE		0	0	0
Western Gas Partners LP	STOCK	958254104	18,598	386,739	SH		SOLE		0	0	0
Western Gas Equity Partners LP	STOCK	95825R103	7,037	189,373	SH		SOLE		0	0	0
Williams Partners LP	STOCK	96949L105	21,440	552,867	SH		SOLE		0	0	0
Golar LNG Ltd.	STOCK	G9456A100	6,076	203,822	SH		SOLE		0	0	0
Dynagas LNG Partners LP	STOCK	Y2188B108	407	37,500	SH		SOLE		0	0	0
Golar LNG Partners LP	STOCK	Y2745C102	12,562	550,952	SH		SOLE		0	0	0
Teekay LNG Partners LP	STOCK	Y8564M105	7,588	376,556	SH		SOLE		0	0	0