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
Alexandria Real Estate Equities, Inc.	STOCK	015271109	662	5,300	SH		SOLE		0	0	0
American Assets Trust, Inc.	STOCK	024013104	347	10,400	SH		SOLE		0	0	0
American Campus Communities, Inc.	STOCK	024835100	241	6,250	SH		SOLE		0	0	0
American Tower Corp.	STOCK	03027X100	908	6,250	SH		SOLE		0	0	0
Andeavor	STOCK	03349M105	186	1,850	SH		SOLE		0	0	0
Apartment Investment & Management Co.	STOCK	03748R101	2,350	57,680	SH		SOLE		0	0	0
Apple Hospitality REIT, Inc.	STOCK	03784Y200	1,620	92,210	SH		SOLE		0	0	0
Ashford Hospitality Prime, Inc.	STOCK	044102101	227	23,400	SH		SOLE		0	0	0
Ashford Hospitality Trust, Inc.	STOCK	044103109	651	100,725	SH		SOLE		0	0	0
AvalonBay Communities, Inc.	STOCK	053484101	2,284	13,890	SH		SOLE		0	0	0
Blackstone Mortgage Trust, Inc.	STOCK	09257W100	1,084	34,500	SH		SOLE		0	0	0
Boston Properties, Inc.	STOCK	101121101	2,606	21,150	SH		SOLE		0	0	0
Brixmor Property Group, Inc.	STOCK	11120U105	50	3,275	SH		SOLE		0	0	0
Camden Property Trust	STOCK	133131102	2,062	24,500	SH		SOLE		0	0	0
Cheniere Energy Partners LP	STOCK	16411Q101	207	7,100	SH		SOLE		0	0	0
City Office REIT, Inc.	STOCK	178587101	1,454	125,758	SH		SOLE		0	0	0
CoreSite Realty Corp.	STOCK	21870Q105	3,960	39,500	SH		SOLE		0	0	0
CoreCivic, Inc.	STOCK	21871N101	61	3,150	SH		SOLE		0	0	0
Crown Castle International Corp.	STOCK	22822V101	510	4,650	SH		SOLE		0	0	0
CubeSmart	STOCK	229663109	508	18,000	SH		SOLE		0	0	0
CyrusOne, Inc.	STOCK	23283R100	1,902	37,150	SH		SOLE		0	0	0
DCT Industrial Trust, Inc.	STOCK	233153204	801	14,214	SH		SOLE		0	0	0
DiamondRock Hospitality Co.	STOCK	252784301	2,142	205,147	SH		SOLE		0	0	0
Digital Realty Trust, Inc.	STOCK	253868103	5,620	53,331	SH		SOLE		0	0	0
Education Realty Trust, Inc.	STOCK	28140H203	373	11,375	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	1,265	51,677	SH		SOLE		0	0	0
Equinix, Inc.	STOCK	29444U700	1,882	4,500	SH		SOLE		0	0	0
Equity LifeStyle Properties, Inc.	STOCK	29472R108	2,010	22,900	SH		SOLE		0	0	0
Equity Residential	STOCK	29476L107	2,145	34,815	SH		SOLE		0	0	0
Essex Property Trust, Inc.	STOCK	297178105	2,367	9,836	SH		SOLE		0	0	0
Extra Space Storage, Inc.	STOCK	30225T102	1,166	13,345	SH		SOLE		0	0	0
Exxon Mobil Corp.	STOCK	30231G102	131	1,750	SH		SOLE		0	0	0
Federal Realty Investment Trust	STOCK	313747206	2,273	19,575	SH		SOLE		0	0	0
GEO Group, Inc./The	STOCK	36162J106	95	4,650	SH		SOLE		0	0	0
GGP, Inc.	STOCK	36174X101	683	33,400	SH		SOLE		0	0	0
Global Medical REIT, Inc.	STOCK	37954A204	104	15,000	SH		SOLE		0	0	0
Gramercy Property Trust	STOCK	385002308	398	18,333	SH		SOLE		0	0	0
HCP, Inc.	STOCK	40414L109	442	19,018	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure	STOCK	41068X100	760	38,967	SH		SOLE		0	0	0
Healthcare Trust of America, Inc.	STOCK	42225P501	159	6,000	SH		SOLE		0	0	0
Hersha Hospitality Trust	STOCK	427825500	1,093	61,050	SH		SOLE		0	0	0
Hudson Pacific Properties, Inc.	STOCK	444097109	2,306	70,900	SH		SOLE		0	0	0
JBG SMITH Properties	STOCK	46590V100	169	5,000	SH		SOLE		0	0	0
Kilroy Realty Corp.	STOCK	49427F108	2,297	32,365	SH		SOLE		0	0	0
Kimco Realty Corp.	STOCK	49446R109	775	53,819	SH		SOLE		0	0	0
Kinder Morgan, Inc.	STOCK	49456B101	53	3,500	SH		SOLE		0	0	0
Liberty Property Trust	STOCK	531172104	79	2,000	SH		SOLE		0	0	0
Life Storage, Inc.	STOCK	53223X107	1,157	13,850	SH		SOLE		0	0	0
MPLX LP	STOCK	55336V100	492	14,886	SH		SOLE		0	0	0
Magellan Midstream Partners LP	STOCK	559080106	478	8,200	SH		SOLE		0	0	0
Mid-America Apartment Communities, Inc.	STOCK	59522J103	2,000	21,922	SH		SOLE		0	0	0
Parsley Energy, Inc.	STOCK	701877102	15	500	SH		SOLE		0	0	0
Pebblebrook Hotel Trust	STOCK	70509V100	1,822	53,031	SH		SOLE		0	0	0
Phillips 66	STOCK	718546104	168	1,750	SH		SOLE		0	0	0
Prologis, Inc.	STOCK	74340W103	5,746	91,225	SH		SOLE		0	0	0
QTS Realty Trust, Inc.	STOCK	74736A103	1,978	54,600	SH		SOLE		0	0	0
RLJ Lodging Trust	STOCK	74965L101	1,334	68,634	SH		SOLE		0	0	0
Realty Income Corp.	STOCK	756109104	511	9,880	SH		SOLE		0	0	0
Regency Centers Corp.	STOCK	758849103	1,168	19,800	SH		SOLE		0	0	0
SL Green Realty Corp.	STOCK	78440X101	1,961	20,250	SH		SOLE		0	0	0
Senior Housing Properties Trust	STOCK	81721M109	45	2,900	SH		SOLE		0	0	0
Simon Property Group, Inc.	STOCK	828806109	2,423	15,700	SH		SOLE		0	0	0
Sotherly Hotels, Inc.	STOCK	83600C103	360	52,000	SH		SOLE		0	0	0
Spirit Realty Capital, Inc.	STOCK	84860W102	88	11,400	SH		SOLE		0	0	0
STAG Industrial, Inc.	STOCK	85254J102	490	20,500	SH		SOLE		0	0	0
Starwood Property Trust, Inc.	STOCK	85571B105	829	39,550	SH		SOLE		0	0	0
STORE Capital Corp.	STOCK	862121100	94	3,780	SH		SOLE		0	0	0
Sun Communities, Inc.	STOCK	866674104	2,293	25,100	SH		SOLE		0	0	0
Terreno Realty Corp.	STOCK	88146M101	624	18,075	SH		SOLE		0	0	0
UDR, Inc.	STOCK	902653104	2,219	62,306	SH		SOLE		0	0	0
Valero Energy Corp.	STOCK	91913Y100	195	2,100	SH		SOLE		0	0	0
Ventas, Inc.	STOCK	92276F100	698	14,100	SH		SOLE		0	0	0
Vornado Realty Trust	STOCK	929042109	639	9,500	SH		SOLE		0	0	0
WP Carey, Inc.	STOCK	92936U109	1,798	29,000	SH		SOLE		0	0	0
Welltower, Inc.	STOCK	95040Q104	1,274	23,400	SH		SOLE		0	0	0
Western Gas Partners LP	STOCK	958254104	434	10,180	SH		SOLE		0	0	0
AES Corp.	STOCK	00130H105	91	8,000	SH		SOLE		0	0	0
AT&T, Inc.	STOCK	00206R102	868	24,350	SH		SOLE		0	0	0
AbbVie, Inc.	STOCK	00287Y109	445	4,700	SH		SOLE		0	0	0
Adobe Systems, Inc.	STOCK	00724F101	940	4,350	SH		SOLE		0	0	0
AdvanSix, Inc.	STOCK	00773T101	155	4,448	SH		SOLE		0	0	0
Aetna, Inc.	STOCK	00817Y108	642	3,800	SH		SOLE		0	0	0
Alexandria Real Estate Equities, Inc.	STOCK	015271109	206	1,650	SH		SOLE		0	0	0
Altria Group, Inc.	STOCK	02209S103	1,602	25,700	SH		SOLE		0	0	0
American Airlines Group, Inc.	STOCK	02376R102	52	1,000	SH		SOLE		0	0	0
American Electric Power Co., Inc.	STOCK	025537101	120	1,750	SH		SOLE		0	0	0
American Express Co.	STOCK	025816109	933	10,000	SH		SOLE		0	0	0
American Tower Corp.	STOCK	03027X100	567	3,900	SH		SOLE		0	0	0
Amgen, Inc.	STOCK	031162100	554	3,250	SH		SOLE		0	0	0
Andeavor	STOCK	03349M105	211	2,100	SH		SOLE		0	0	0
Apache Corp.	STOCK	037411105	115	3,000	SH		SOLE		0	0	0
Apple, Inc.	STOCK	037833100	3,926	23,400	SH		SOLE		0	0	0
Apple Hospitality REIT, Inc.	STOCK	03784Y200	291	16,550	SH		SOLE		0	0	0
Applied Materials, Inc.	STOCK	038222105	1,101	19,800	SH		SOLE		0	0	0
Bank of America Corp.	STOCK	060505104	1,374	45,800	SH		SOLE		0	0	0
BankUnited, Inc.	STOCK	06652K103	614	15,350	SH		SOLE		0	0	0
Blackstone Group LP/The	STOCK	09253U108	534	16,700	SH		SOLE		0	0	0
Boeing Co./The	STOCK	097023105	1,953	5,955	SH		SOLE		0	0	0
Brighthouse Financial, Inc.	STOCK	10922N103	39	761	SH		SOLE		0	0	0
Bristol-Myers Squibb Co.	STOCK	110122108	886	14,000	SH		SOLE		0	0	0
CBS Corp.	STOCK	124857202	519	10,100	SH		SOLE		0	0	0
CF Industries Holdings, Inc.	STOCK	125269100	328	8,700	SH		SOLE		0	0	0
CME Group, Inc.	STOCK	12572Q105	825	5,100	SH		SOLE		0	0	0
CSX Corp.	STOCK	126408103	1,136	20,400	SH		SOLE		0	0	0
Carlyle Group LP/The	STOCK	14309L102	307	14,400	SH		SOLE		0	0	0
Caterpillar, Inc.	STOCK	149123101	1,430	9,700	SH		SOLE		0	0	0
Centene Corp.	STOCK	15135B101	406	3,800	SH		SOLE		0	0	0
Chevron Corp.	STOCK	166764100	942	8,260	SH		SOLE		0	0	0
Cisco Systems, Inc.	STOCK	17275R102	1,546	36,050	SH		SOLE		0	0	0
Citigroup, Inc.	STOCK	172967424	878	13,000	SH		SOLE		0	0	0
Clorox Co./The	STOCK	189054109	200	1,500	SH		SOLE		0	0	0
Coca-Cola Co./The	STOCK	191216100	682	15,700	SH		SOLE		0	0	0
Cognizant Technology Solutions Corp.	STOCK	192446102	813	10,100	SH		SOLE		0	0	0
Colgate-Palmolive Co.	STOCK	194162103	215	3,000	SH		SOLE		0	0	0
Comcast Corp.	STOCK	20030N101	1,025	30,000	SH		SOLE		0	0	0
ConAgra Foods, Inc.	STOCK	205887102	299	8,100	SH		SOLE		0	0	0
ConocoPhillips	STOCK	20825C104	507	8,550	SH		SOLE		0	0	0
CoreCivic, Inc.	STOCK	21871N101	61	3,150	SH		SOLE		0	0	0
Corning, Inc.	STOCK	219350105	574	20,600	SH		SOLE		0	0	0
Costco Wholesale Corp.	STOCK	22160K105	282	1,495	SH		SOLE		0	0	0
Crown Castle International Corp.	STOCK	22822V101	466	4,250	SH		SOLE		0	0	0
CyrusOne, Inc.	STOCK	23283R100	343	6,700	SH		SOLE		0	0	0
D.R. Horton, Inc.	STOCK	23331A109	395	9,000	SH		SOLE		0	0	0
DXC Technology Co.	STOCK	23355L106	355	3,528	SH		SOLE		0	0	0
Deere & Co.	STOCK	244199105	722	4,650	SH		SOLE		0	0	0
Dell Technologies, Inc.	STOCK	24703L103	147	2,006	SH		SOLE		0	0	0
Devon Energy Corp.	STOCK	25179M103	95	3,000	SH		SOLE		0	0	0
DiamondRock Hospitality Co.	STOCK	252784301	104	10,000	SH		SOLE		0	0	0
Digital Realty Trust, Inc.	STOCK	253868103	232	2,200	SH		SOLE		0	0	0
Walt Disney Co./The	STOCK	254687106	1,507	15,000	SH		SOLE		0	0	0
DowDuPont, Inc.	STOCK	26078J100	1,450	22,752	SH		SOLE		0	0	0
EOG Resources, Inc.	STOCK	26875P101	916	8,700	SH		SOLE		0	0	0
Edison International	STOCK	281020107	70	1,100	SH		SOLE		0	0	0
Edwards LifeSciences Corp.	STOCK	28176E108	140	1,000	SH		SOLE		0	0	0
Equinix, Inc.	STOCK	29444U700	293	700	SH		SOLE		0	0	0
Exxon Mobil Corp.	STOCK	30231G102	1,190	15,950	SH		SOLE		0	0	0
FedEx Corp.	STOCK	31428X106	1,177	4,900	SH		SOLE		0	0	0
Fifth Third Bancorp	STOCK	316773100	489	15,400	SH		SOLE		0	0	0
GEO Group, Inc./The	STOCK	36162J106	147	7,200	SH		SOLE		0	0	0
General Electric Co.	STOCK	369604103	317	23,481	SH		SOLE		0	0	0
Gilead Sciences, Inc.	STOCK	375558103	400	5,300	SH		SOLE		0	0	0
Goldman Sachs Group, Inc./The	STOCK	38141G104	822	3,265	SH		SOLE		0	0	0
Gramercy Property Trust	STOCK	385002308	188	8,666	SH		SOLE		0	0	0
HP, Inc.	STOCK	40434L105	601	27,400	SH		SOLE		0	0	0
Halliburton Co.	STOCK	406216101	333	7,100	SH		SOLE		0	0	0
Hartford Financial Services Group, Inc./The	STOCK	416515104	773	15,000	SH		SOLE		0	0	0
Healthcare Realty Trust, Inc.	STOCK	421946104	139	5,000	SH		SOLE		0	0	0
Healthcare Trust of America, Inc.	STOCK	42225P501	119	4,500	SH		SOLE		0	0	0
Hewlett Packard Enterprise Co.	STOCK	42824C109	251	14,300	SH		SOLE		0	0	0
Home Depot, Inc./The	STOCK	437076102	2,754	15,450	SH		SOLE		0	0	0
Honeywell International, Inc.	STOCK	438516106	686	4,750	SH		SOLE		0	0	0
Humana, Inc.	STOCK	444859102	806	3,000	SH		SOLE		0	0	0
Huntington Bancshares, Inc.	STOCK	446150104	525	34,750	SH		SOLE		0	0	0
Intel Corp.	STOCK	458140100	1,375	26,400	SH		SOLE		0	0	0
International Business Machines Corp.	STOCK	459200101	439	2,858	SH		SOLE		0	0	0
Invesco Mortgage Capital, Inc.	STOCK	46131B100	115	7,000	SH		SOLE		0	0	0
JPMorgan Chase & Co.	STOCK	46625H100	1,757	15,977	SH		SOLE		0	0	0
Johnson & Johnson	STOCK	478160104	1,385	10,810	SH		SOLE		0	0	0
KeyCorp	STOCK	493267108	628	32,125	SH		SOLE		0	0	0
Kimberly-Clark Corp.	STOCK	494368103	83	750	SH		SOLE		0	0	0
Kinder Morgan, Inc.	STOCK	49456B101	15	1,000	SH		SOLE		0	0	0
Kraft Heinz Co./The	STOCK	500754106	187	2,999	SH		SOLE		0	0	0
Laboratory Corp of America Holdings	STOCK	50540R409	97	600	SH		SOLE		0	0	0
Lamb Weston Holdings, Inc.	STOCK	513272104	279	4,800	SH		SOLE		0	0	0
Lennar Corp.	STOCK	526057104	295	5,000	SH		SOLE		0	0	0
M&T Bank Corp.	STOCK	55261F104	406	2,200	SH		SOLE		0	0	0
MGM Resorts International	STOCK	552953101	249	7,100	SH		SOLE		0	0	0
Masco Corp.	STOCK	574599106	465	11,500	SH		SOLE		0	0	0
MasterCard, Inc.	STOCK	57636Q104	1,314	7,500	SH		SOLE		0	0	0
McDonald's Corp.	STOCK	580135101	1,404	8,980	SH		SOLE		0	0	0
McKesson Corp.	STOCK	58155Q103	620	4,400	SH		SOLE		0	0	0
Merck & Co., Inc.	STOCK	58933Y105	714	13,100	SH		SOLE		0	0	0
Micro Focus International PLC	STOCK	594837304	28	1,963	SH		SOLE		0	0	0
Microsoft Corp.	STOCK	594918104	3,240	35,500	SH		SOLE		0	0	0
Microchip Technology, Inc.	STOCK	595017104	96	1,050	SH		SOLE		0	0	0
NetApp, Inc.	STOCK	64110D104	345	5,600	SH		SOLE		0	0	0
NextEra Energy, Inc.	STOCK	65339F101	915	5,600	SH		SOLE		0	0	0
NVIDIA Corp.	STOCK	67066G104	503	2,170	SH		SOLE		0	0	0
Oracle Corp.	STOCK	68389X105	1,295	28,300	SH		SOLE		0	0	0
Paychex, Inc.	STOCK	704326107	545	8,850	SH		SOLE		0	0	0
Pebblebrook Hotel Trust	STOCK	70509V100	134	3,900	SH		SOLE		0	0	0
PepsiCo, Inc.	STOCK	713448108	671	6,150	SH		SOLE		0	0	0
Pfizer, Inc.	STOCK	717081103	600	16,900	SH		SOLE		0	0	0
Philip Morris International, Inc.	STOCK	718172109	984	9,900	SH		SOLE		0	0	0
Procter & Gamble Co./The	STOCK	742718109	373	4,700	SH		SOLE		0	0	0
Prologis, Inc.	STOCK	74340W103	409	6,500	SH		SOLE		0	0	0
Prudential Financial, Inc.	STOCK	744320102	466	4,500	SH		SOLE		0	0	0
QTS Realty Trust, Inc.	STOCK	74736A103	183	5,050	SH		SOLE		0	0	0
QUALCOMM, Inc.	STOCK	747525103	399	7,200	SH		SOLE		0	0	0
Quest Diagnostics, Inc.	STOCK	74834L100	451	4,500	SH		SOLE		0	0	0
Realty Income Corp.	STOCK	756109104	103	2,000	SH		SOLE		0	0	0
Ross Stores, Inc.	STOCK	778296103	468	6,000	SH		SOLE		0	0	0
SVB Financial Group	STOCK	78486Q101	1,098	4,575	SH		SOLE		0	0	0
Schlumberger Ltd.	STOCK	806857108	279	4,300	SH		SOLE		0	0	0
Simon Property Group, Inc.	STOCK	828806109	85	550	SH		SOLE		0	0	0
Sun Communities, Inc.	STOCK	866674104	356	3,900	SH		SOLE		0	0	0
Symantec Corp.	STOCK	871503108	677	26,200	SH		SOLE		0	0	0
TJX Cos., Inc./The	STOCK	872540109	261	3,200	SH		SOLE		0	0	0
Target Corp.	STOCK	87612E106	347	5,000	SH		SOLE		0	0	0
Terreno Realty Corp.	STOCK	88146M101	69	2,000	SH		SOLE		0	0	0
Texas Instruments, Inc.	STOCK	882508104	1,717	16,525	SH		SOLE		0	0	0
Thermo Fisher Scientific, Inc.	STOCK	883556102	557	2,700	SH		SOLE		0	0	0
3M Co.	STOCK	88579Y101	1,240	5,650	SH		SOLE		0	0	0
Travelers Cos., Inc./The	STOCK	89417E109	194	1,400	SH		SOLE		0	0	0
U.S. Bancorp	STOCK	902973304	558	11,050	SH		SOLE		0	0	0
United Technologies Corp.	STOCK	913017109	440	3,500	SH		SOLE		0	0	0
UnitedHealth Group, Inc.	STOCK	91324P102	2,087	9,750	SH		SOLE		0	0	0
Valero Energy Corp.	STOCK	91913Y100	1,187	12,800	SH		SOLE		0	0	0
Verizon Communications, Inc.	STOCK	92343V104	824	17,240	SH		SOLE		0	0	0
Vertex Pharmaceuticals Inc	STOCK	92532F100	554	3,400	SH		SOLE		0	0	0
Visa, Inc.	STOCK	92826C839	2,297	19,200	SH		SOLE		0	0	0
WEC Energy Group, Inc.	STOCK	92939U106	514	8,200	SH		SOLE		0	0	0
Wal-Mart Stores, Inc.	STOCK	931142103	638	7,174	SH		SOLE		0	0	0
Waste Connections, Inc.	STOCK	94106B101	920	12,825	SH		SOLE		0	0	0
Welltower, Inc.	STOCK	95040Q104	82	1,500	SH		SOLE		0	0	0
Workday Inc	STOCK	98138H101	1,033	8,125	SH		SOLE		0	0	0
Adient PLC	STOCK	G0084W101	441	7,385	SH		SOLE		0	0	0
Allergan PLC	STOCK	G0177J108	555	3,300	SH		SOLE		0	0	0
Accenture PLC	STOCK	G1151C101	1,067	6,950	SH		SOLE		0	0	0
Johnson Controls International PLC	STOCK	G51502105	291	8,253	SH		SOLE		0	0	0
Lazard Ltd.	STOCK	G54050102	572	10,875	SH		SOLE		0	0	0
Medtronic PLC	STOCK	G5960L103	724	9,029	SH		SOLE		0	0	0
Seagate Technology PLC	STOCK	G7945M107	237	4,050	SH		SOLE		0	0	0
Perrigo Co. PLC	STOCK	G97822103	108	1,300	SH		SOLE		0	0	0
Mylan NV	STOCK	N59465109	115	2,800	SH		SOLE		0	0	0
Royal Caribbean Cruises Ltd.	STOCK	V7780T103	589	5,000	SH		SOLE		0	0	0
AT&T, Inc.	STOCK	00206R102	642	18,000	SH		SOLE		0	0	0
Andeavor Logistics LP	STOCK	03350F106	287	6,405	SH		SOLE		0	0	0
Apple Hospitality REIT, Inc.	STOCK	03784Y200	572	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	363	11,565	SH		SOLE		0	0	0
Buckeye Partners LP	STOCK	118230101	333	8,903	SH		SOLE		0	0	0
City Office REIT, Inc.	STOCK	178587101	231	20,000	SH		SOLE		0	0	0
DiamondRock Hospitality Co.	STOCK	252784301	271	25,953	SH		SOLE		0	0	0
Enbridge Energy Partners LP	STOCK	29250R106	217	22,519	SH		SOLE		0	0	0
Energy Transfer Partners LP	STOCK	29278N103	818	50,446	SH		SOLE		0	0	0
EnLink Midstream Partners LP	STOCK	29336U107	463	33,865	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	1,038	42,400	SH		SOLE		0	0	0
Global Partners LP	STOCK	37946R109	111	7,215	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure	STOCK	41068X100	1,029	52,792	SH		SOLE		0	0	0
MPLX LP	STOCK	55336V100	1,057	32,000	SH		SOLE		0	0	0
Magellan Midstream Partners LP	STOCK	559080106	683	11,700	SH		SOLE		0	0	0
Pebblebrook Hotel Trust	STOCK	70509V100	302	8,806	SH		SOLE		0	0	0
Plains All American Pipeline LP	STOCK	726503105	71	3,200	SH		SOLE		0	0	0
Spectra Energy Partners LP	STOCK	84756N109	673	20,000	SH		SOLE		0	0	0
Spirit Realty Capital, Inc.	STOCK	84860W102	155	20,000	SH		SOLE		0	0	0
TC PipeLines LP	STOCK	87233Q108	250	7,195	SH		SOLE		0	0	0
Targa Resources Corp.	STOCK	87612G101	561	12,739	SH		SOLE		0	0	0
USA Compression Partners LP	STOCK	90290N109	217	12,796	SH		SOLE		0	0	0
Verizon Communications, Inc.	STOCK	92343V104	478	10,000	SH		SOLE		0	0	0
Western Gas Partners LP	STOCK	958254104	800	18,750	SH		SOLE		0	0	0
AT&T, Inc.	STOCK	00206R102	270	7,574	SH		SOLE		0	0	0
Altria Group, Inc.	STOCK	02209S103	320	5,140	SH		SOLE		0	0	0
American Electric Power Co., Inc.	STOCK	025537101	337	4,920	SH		SOLE		0	0	0
Andeavor Logistics LP	STOCK	03350F106	425	9,482	SH		SOLE		0	0	0
Apple Hospitality REIT, Inc.	STOCK	03784Y200	466	26,545	SH		SOLE		0	0	0
Ashford Hospitality Trust, Inc.	STOCK	044103109	212	32,800	SH		SOLE		0	0	0
BGC Partners, Inc.	STOCK	05541T101	191	14,194	SH		SOLE		0	0	0
Blackstone Group LP/The	STOCK	09253U108	345	10,805	SH		SOLE		0	0	0
Blackstone Mortgage Trust, Inc.	STOCK	09257W100	377	12,007	SH		SOLE		0	0	0
Cheniere Energy Partners LP	STOCK	16411Q101	332	11,400	SH		SOLE		0	0	0
Chesapeake Lodging Trust	STOCK	165240102	438	15,750	SH		SOLE		0	0	0
City Office REIT, Inc.	STOCK	178587101	351	30,370	SH		SOLE		0	0	0
Consolidated Edison, Inc.	STOCK	209115104	375	4,810	SH		SOLE		0	0	0
Digital Realty Trust, Inc.	STOCK	253868103	159	1,510	SH		SOLE		0	0	0
Duke Energy Corp.	STOCK	26441C204	231	2,985	SH		SOLE		0	0	0
Education Realty Trust, Inc.	STOCK	28140H203	111	3,400	SH		SOLE		0	0	0
Energy Transfer Partners LP	STOCK	29278N103	372	22,904	SH		SOLE		0	0	0
EnLink Midstream Partners LP	STOCK	29336U107	248	18,140	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	712	29,080	SH		SOLE		0	0	0
Equity Commonwealth, Series D, 6.50 percent	STOCK	294628201	156	6,000	SH		SOLE		0	0	0
Exxon Mobil Corp.	STOCK	30231G102	90	1,200	SH		SOLE		0	0	0
Gramercy Property Trust	STOCK	385002308	121	5,576	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure	STOCK	41068X100	172	8,829	SH		SOLE		0	0	0
Hersha Hospitality Trust	STOCK	427825500	351	19,600	SH		SOLE		0	0	0
Holly Energy Partners LP	STOCK	435763107	91	3,300	SH		SOLE		0	0	0
Independence Realty Trust, Inc.	STOCK	45378A106	292	31,829	SH		SOLE		0	0	0
Lexington Realty Trust	STOCK	529043101	224	28,421	SH		SOLE		0	0	0
MPLX LP	STOCK	55336V100	570	17,250	SH		SOLE		0	0	0
Magellan Midstream Partners LP	STOCK	559080106	136	2,325	SH		SOLE		0	0	0
Pebblebrook Hotel Trust	STOCK	70509V100	366	10,663	SH		SOLE		0	0	0
Philip Morris International, Inc.	STOCK	718172109	204	2,050	SH		SOLE		0	0	0
Starwood Property Trust, Inc.	STOCK	85571B105	382	18,220	SH		SOLE		0	0	0
Summit Midstream Partners LP	STOCK	866142102	143	10,200	SH		SOLE		0	0	0
Targa Resources Corp.	STOCK	87612G101	305	6,930	SH		SOLE		0	0	0
USA Compression Partners LP	STOCK	90290N109	287	16,966	SH		SOLE		0	0	0
Valero Energy Corp.	STOCK	91913Y100	139	1,500	SH		SOLE		0	0	0
Verizon Communications, Inc.	STOCK	92343V104	273	5,705	SH		SOLE		0	0	0
WP Carey, Inc.	STOCK	92936U109	193	3,120	SH		SOLE		0	0	0
Western Gas Partners LP	STOCK	958254104	128	3,000	SH		SOLE		0	0	0
American Midstream Partners LP	STOCK	02752P100	2,710	250,929	SH		SOLE		0	0	0
AmeriGas Partners LP	STOCK	030975106	4,605	115,220	SH		SOLE		0	0	0
Andeavor	STOCK	03349M105	9,109	90,581	SH		SOLE		0	0	0
Andeavor Logistics LP	STOCK	03350F106	14,871	331,870	SH		SOLE		0	0	0
Antero Midstream Partners LP	STOCK	03673L103	19,637	758,484	SH		SOLE		0	0	0
Antero Midstream GP LP	STOCK	03675Y103	1,280	80,050	SH		SOLE		0	0	0
Archrock Partners LP	STOCK	03957U100	1,316	107,726	SH		SOLE		0	0	0
Archrock, Inc.	STOCK	03957W106	245	28,000	SH		SOLE		0	0	0
Blueknight Energy Partners LP	STOCK	09625U109	1,074	252,655	SH		SOLE		0	0	0
Boardwalk Pipeline Partners LP	STOCK	096627104	6,110	602,000	SH		SOLE		0	0	0
Buckeye Partners LP	STOCK	118230101	7,050	188,547	SH		SOLE		0	0	0
Cheniere Energy Partners LP	STOCK	16411Q101	19,734	678,161	SH		SOLE		0	0	0
Chevron Corp.	STOCK	166764100	2,315	20,300	SH		SOLE		0	0	0
Crestwood Equity Partners LP	STOCK	226344208	4,077	159,250	SH		SOLE		0	0	0
DCP Midstream LP	STOCK	23311P100	11,683	332,650	SH		SOLE		0	0	0
Dominion Energy Midstream Partners LP	STOCK	257454108	8,276	539,141	SH		SOLE		0	0	0
EQT Midstream Partners LP	STOCK	26885B100	8,395	142,215	SH		SOLE		0	0	0
EQT GP Holdings LP	STOCK	26885J103	1,551	67,189	SH		SOLE		0	0	0
Enable Midstream Partners LP	STOCK	292480100	9,323	679,508	SH		SOLE		0	0	0
Enbridge, Inc.	STOCK	29250N105	4,077	129,536	SH		SOLE		0	0	0
Enbridge Energy Partners LP	STOCK	29250R106	1,514	157,073	SH		SOLE		0	0	0
Energy Transfer Partners LP	STOCK	29278N103	18,622	1,148,065	SH		SOLE		0	0	0
EnLink Midstream Partners LP	STOCK	29336U107	11,180	818,452	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	22,472	917,974	SH		SOLE		0	0	0
Exxon Mobil Corp.	STOCK	30231G102	6,183	82,865	SH		SOLE		0	0	0
Genesis Energy LP	STOCK	371927104	5,295	268,642	SH		SOLE		0	0	0
Global Partners LP	STOCK	37946R109	1,701	110,797	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure	STOCK	41068X100	2,073	106,301	SH		SOLE		0	0	0
Hess Midstream Partners LP	STOCK	428104103	4,719	247,835	SH		SOLE		0	0	0
Holly Energy Partners LP	STOCK	435763107	12,511	453,775	SH		SOLE		0	0	0
Kinder Morgan, Inc.	STOCK	49456B101	12,559	833,912	SH		SOLE		0	0	0
MPLX LP	STOCK	55336V100	22,379	677,343	SH		SOLE		0	0	0
Magellan Midstream Partners LP	STOCK	559080106	18,828	322,665	SH		SOLE		0	0	0
Marathon Petroleum Corp.	STOCK	56585A102	4,069	55,650	SH		SOLE		0	0	0
NGL Energy Partners LP	STOCK	62913M107	1,892	171,968	SH		SOLE		0	0	0
Noble Midstream Partners LP	STOCK	65506L105	16,098	345,230	SH		SOLE		0	0	0
Occidental Petroleum Corp.	STOCK	674599105	4,791	73,750	SH		SOLE		0	0	0
ONEOK, Inc.	STOCK	682680103	11,990	210,645	SH		SOLE		0	0	0
PBF Logistics LP	STOCK	69318Q104	1,342	72,725	SH		SOLE		0	0	0
Parsley Energy, Inc.	STOCK	701877102	4,933	170,150	SH		SOLE		0	0	0
Phillips 66	STOCK	718546104	7,855	81,887	SH		SOLE		0	0	0
Phillips 66 Partners LP	STOCK	718549207	21,226	444,239	SH		SOLE		0	0	0
Plains All American Pipeline LP	STOCK	726503105	6,833	310,149	SH		SOLE		0	0	0
Rice Midstream Partners LP	STOCK	762819100	18,064	998,034	SH		SOLE		0	0	0
Shell Midstream Partners LP	STOCK	822634101	16,254	772,143	SH		SOLE		0	0	0
Spectra Energy Partners LP	STOCK	84756N109	10,380	308,559	SH		SOLE		0	0	0
Sprague Resources LP	STOCK	849343108	5,254	220,282	SH		SOLE		0	0	0
Summit Midstream Partners LP	STOCK	866142102	3,664	260,762	SH		SOLE		0	0	0
Sunoco LP	STOCK	86765K109	5,452	213,729	SH		SOLE		0	0	0
TC PipeLines LP	STOCK	87233Q108	4,446	128,169	SH		SOLE		0	0	0
Tallgrass Energy GP LP	STOCK	874696107	1,372	72,123	SH		SOLE		0	0	0
Tallgrass Energy Partners LP	STOCK	874697105	6,012	158,682	SH		SOLE		0	0	0
Targa Resources Corp.	STOCK	87612G101	11,722	266,400	SH		SOLE		0	0	0
TransCanada Corp.	STOCK	89353D107	1,440	34,850	SH		SOLE		0	0	0
UGI Corp.	STOCK	902681105	5,419	122,000	SH		SOLE		0	0	0
USA Compression Partners LP	STOCK	90290N109	13,727	810,804	SH		SOLE		0	0	0
Valero Energy Corp.	STOCK	91913Y100	9,663	104,164	SH		SOLE		0	0	0
Valero Energy Partners LP	STOCK	91914J102	15,704	443,240	SH		SOLE		0	0	0
Viper Energy Partners LP	STOCK	92763M105	5,555	218,620	SH		SOLE		0	0	0
Western Gas Partners LP	STOCK	958254104	16,950	397,239	SH		SOLE		0	0	0
Western Gas Equity Partners LP	STOCK	95825R103	6,934	209,373	SH		SOLE		0	0	0
Williams Partners LP	STOCK	96949L105	13,585	394,567	SH		SOLE		0	0	0
Golar LNG Ltd.	STOCK	G9456A100	5,577	203,822	SH		SOLE		0	0	0
Dynagas LNG Partners LP	STOCK	Y2188B108	375	37,500	SH		SOLE		0	0	0
Golar LNG Partners LP	STOCK	Y2745C102	9,427	550,952	SH		SOLE		0	0	0
Teekay LNG Partners LP	STOCK	Y8564M105	6,740	376,556	SH		SOLE		0	0	0