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	667	5,300	SH		SOLE		0	0	0
American Assets Trust, Inc.	STOCK	024013104	388	10,400	SH		SOLE		0	0	0
American Campus Communities, Inc.	STOCK	024835100	150	3,650	SH		SOLE		0	0	0
American Tower Corp.	STOCK	03027X100	908	6,250	SH		SOLE		0	0	0
Andeavor	STOCK	03349M105	284	1,850	SH		SOLE		0	0	0
Apartment Investment & Management Co.	STOCK	03748R101	2,082	47,180	SH		SOLE		0	0	0
Apple Hospitality REIT, Inc.	STOCK	03784Y200	1,438	82,210	SH		SOLE		0	0	0
Ashford Hospitality Trust, Inc.	STOCK	044103109	567	88,725	SH		SOLE		0	0	0
AvalonBay Communities, Inc.	STOCK	053484101	2,471	13,640	SH		SOLE		0	0	0
Blackstone Mortgage Trust, Inc.	STOCK	09257W100	945	28,200	SH		SOLE		0	0	0
Boston Properties, Inc.	STOCK	101121101	1,859	15,100	SH		SOLE		0	0	0
Braemar Hotels & Resports, Inc.	STOCK	10482B101	275	23,400	SH		SOLE		0	0	0
Brixmor Property Group, Inc.	STOCK	11120U105	140	7,975	SH		SOLE		0	0	0
Camden Property Trust	STOCK	133131102	2,246	24,000	SH		SOLE		0	0	0
Cheniere Energy Partners LP	STOCK	16411Q101	280	7,100	SH		SOLE		0	0	0
City Office REIT, Inc.	STOCK	178587101	1,549	122,758	SH		SOLE		0	0	0
CoreSite Realty Corp.	STOCK	21870Q105	4,418	39,750	SH		SOLE		0	0	0
Crown Castle International Corp.	STOCK	22822V101	518	4,650	SH		SOLE		0	0	0
CubeSmart	STOCK	229663109	514	18,000	SH		SOLE		0	0	0
CyrusOne, Inc.	STOCK	23283R100	2,387	37,650	SH		SOLE		0	0	0
DiamondRock Hospitality Co.	STOCK	252784301	2,394	205,147	SH		SOLE		0	0	0
Digital Realty Trust, Inc.	STOCK	253868103	5,650	50,231	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	1,427	49,677	SH		SOLE		0	0	0
Equinix, Inc.	STOCK	29444U700	1,948	4,500	SH		SOLE		0	0	0
Equity LifeStyle Properties, Inc.	STOCK	29472R108	2,209	22,900	SH		SOLE		0	0	0
Equity Residential	STOCK	29476L107	2,307	34,815	SH		SOLE		0	0	0
Essex Property Trust, Inc.	STOCK	297178105	2,427	9,836	SH		SOLE		0	0	0
Extra Space Storage, Inc.	STOCK	30225T102	1,113	12,845	SH		SOLE		0	0	0
Exxon Mobil Corp.	STOCK	30231G102	149	1,750	SH		SOLE		0	0	0
Federal Realty Investment Trust	STOCK	313747206	2,052	16,225	SH		SOLE		0	0	0
Gaming and Leisure Properties, Inc.	STOCK	36467J108	35	1,000	SH		SOLE		0	0	0
Global Medical REIT, Inc.	STOCK	37954A204	141	15,000	SH		SOLE		0	0	0
Gramercy Property Trust	STOCK	385002308	352	12,833	SH		SOLE		0	0	0
HCP, Inc.	STOCK	40414L109	369	14,018	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure	STOCK	41068X100	467	21,767	SH		SOLE		0	0	0
Healthcare Trust of America, Inc.	STOCK	42225P501	133	5,000	SH		SOLE		0	0	0
Hersha Hospitality Trust	STOCK	427825500	1,271	56,050	SH		SOLE		0	0	0
Hudson Pacific Properties, Inc.	STOCK	444097109	1,770	54,100	SH		SOLE		0	0	0
JBG SMITH Properties	STOCK	46590V100	184	5,000	SH		SOLE		0	0	0
Kilroy Realty Corp.	STOCK	49427F108	1,542	21,515	SH		SOLE		0	0	0
Kimco Realty Corp.	STOCK	49446R109	708	42,319	SH		SOLE		0	0	0
Kinder Morgan, Inc.	STOCK	49456B101	62	3,500	SH		SOLE		0	0	0
Liberty Property Trust	STOCK	531172104	330	7,800	SH		SOLE		0	0	0
Life Storage, Inc.	STOCK	53223X107	1,318	13,850	SH		SOLE		0	0	0
MPLX LP	STOCK	55336V100	447	12,886	SH		SOLE		0	0	0
Magellan Midstream Partners LP	STOCK	559080106	555	8,200	SH		SOLE		0	0	0
Mid-America Apartment Communities, Inc.	STOCK	59522J103	1,971	19,672	SH		SOLE		0	0	0
Parsley Energy, Inc.	STOCK	701877102	15	500	SH		SOLE		0	0	0
Pebblebrook Hotel Trust	STOCK	70509V100	1,892	52,031	SH		SOLE		0	0	0
Phillips 66	STOCK	718546104	197	1,750	SH		SOLE		0	0	0
Prologis, Inc.	STOCK	74340W103	6,829	100,738	SH		SOLE		0	0	0
QTS Realty Trust, Inc.	STOCK	74736A103	2,377	55,700	SH		SOLE		0	0	0
RLJ Lodging Trust	STOCK	74965L101	1,512	68,634	SH		SOLE		0	0	0
Realty Income Corp.	STOCK	756109104	562	9,880	SH		SOLE		0	0	0
Regency Centers Corp.	STOCK	758849103	1,203	18,600	SH		SOLE		0	0	0
SL Green Realty Corp.	STOCK	78440X101	1,414	14,500	SH		SOLE		0	0	0
Senior Housing Properties Trust	STOCK	81721M109	51	2,900	SH		SOLE		0	0	0
Simon Property Group, Inc.	STOCK	828806109	2,174	12,300	SH		SOLE		0	0	0
Sotherly Hotels, Inc.	STOCK	83600C103	374	52,000	SH		SOLE		0	0	0
Spirit Realty Capital, Inc.	STOCK	84860W102	92	11,400	SH		SOLE		0	0	0
Spirit MTA REIT	STOCK	84861U105	13	1,140	SH		SOLE		0	0	0
STAG Industrial, Inc.	STOCK	85254J102	564	20,500	SH		SOLE		0	0	0
Starwood Property Trust, Inc.	STOCK	85571B105	830	38,550	SH		SOLE		0	0	0
STORE Capital Corp.	STOCK	862121100	105	3,780	SH		SOLE		0	0	0
Sun Communities, Inc.	STOCK	866674104	2,650	26,100	SH		SOLE		0	0	0
Terreno Realty Corp.	STOCK	88146M101	881	23,375	SH		SOLE		0	0	0
UDR, Inc.	STOCK	902653104	2,479	61,306	SH		SOLE		0	0	0
Valero Energy Corp.	STOCK	91913Y100	239	2,100	SH		SOLE		0	0	0
Ventas, Inc.	STOCK	92276F100	712	13,100	SH		SOLE		0	0	0
Vornado Realty Trust	STOCK	929042109	694	9,500	SH		SOLE		0	0	0
WP Carey, Inc.	STOCK	92936U109	1,608	25,000	SH		SOLE		0	0	0
Welltower, Inc.	STOCK	95040Q104	1,537	23,900	SH		SOLE		0	0	0
Western Gas Partners LP	STOCK	958254104	401	9,180	SH		SOLE		0	0	0
Brookfield Property Partners LP	STOCK	G16249107	200	9,551	SH		SOLE		0	0	0
AES Corp.	STOCK	00130H105	112	8,000	SH		SOLE		0	0	0
AT&T, Inc.	STOCK	00206R102	818	24,350	SH		SOLE		0	0	0
AbbVie, Inc.	STOCK	00287Y109	445	4,700	SH		SOLE		0	0	0
Adobe Systems, Inc.	STOCK	00724F101	1,174	4,350	SH		SOLE		0	0	0
AdvanSix, Inc.	STOCK	00773T101	151	4,448	SH		SOLE		0	0	0
Aetna, Inc.	STOCK	00817Y108	717	3,535	SH		SOLE		0	0	0
Alexandria Real Estate Equities, Inc.	STOCK	015271109	208	1,650	SH		SOLE		0	0	0
Altria Group, Inc.	STOCK	02209S103	660	10,950	SH		SOLE		0	0	0
American Airlines Group, Inc.	STOCK	02376R102	41	1,000	SH		SOLE		0	0	0
American Electric Power Co., Inc.	STOCK	025537101	124	1,750	SH		SOLE		0	0	0
American Express Co.	STOCK	025816109	1,065	10,000	SH		SOLE		0	0	0
American Tower Corp.	STOCK	03027X100	567	3,900	SH		SOLE		0	0	0
Amgen, Inc.	STOCK	031162100	674	3,250	SH		SOLE		0	0	0
Andeavor	STOCK	03349M105	322	2,100	SH		SOLE		0	0	0
Apple, Inc.	STOCK	037833100	4,899	21,700	SH		SOLE		0	0	0
Apple Hospitality REIT, Inc.	STOCK	03784Y200	202	11,550	SH		SOLE		0	0	0
Applied Materials, Inc.	STOCK	038222105	804	20,800	SH		SOLE		0	0	0
Bank of America Corp.	STOCK	060505104	1,349	45,800	SH		SOLE		0	0	0
BankUnited, Inc.	STOCK	06652K103	543	15,350	SH		SOLE		0	0	0
Blackstone Group LP/The	STOCK	09253U108	636	16,700	SH		SOLE		0	0	0
Boeing Co./The	STOCK	097023105	2,215	5,955	SH		SOLE		0	0	0
Box, Inc.	STOCK	10316T104	100	4,200	SH		SOLE		0	0	0
Bristol-Myers Squibb Co.	STOCK	110122108	869	14,000	SH		SOLE		0	0	0
CBS Corp.	STOCK	124857202	465	8,100	SH		SOLE		0	0	0
CF Industries Holdings, Inc.	STOCK	125269100	474	8,700	SH		SOLE		0	0	0
CME Group, Inc.	STOCK	12572Q105	868	5,100	SH		SOLE		0	0	0
CSX Corp.	STOCK	126408103	1,561	21,075	SH		SOLE		0	0	0
Carlyle Group LP/The	STOCK	14309L102	472	20,950	SH		SOLE		0	0	0
Caterpillar, Inc.	STOCK	149123101	1,479	9,700	SH		SOLE		0	0	0
Centene Corp.	STOCK	15135B101	550	3,800	SH		SOLE		0	0	0
Chevron Corp.	STOCK	166764100	1,010	8,260	SH		SOLE		0	0	0
Cisco Systems, Inc.	STOCK	17275R102	1,851	38,050	SH		SOLE		0	0	0
Citigroup, Inc.	STOCK	172967424	933	13,000	SH		SOLE		0	0	0
Coca-Cola Co./The	STOCK	191216100	674	14,600	SH		SOLE		0	0	0
Cognizant Technology Solutions Corp.	STOCK	192446102	779	10,100	SH		SOLE		0	0	0
Colgate-Palmolive Co.	STOCK	194162103	167	2,500	SH		SOLE		0	0	0
Comcast Corp.	STOCK	20030N101	1,062	30,000	SH		SOLE		0	0	0
ConAgra Foods, Inc.	STOCK	205887102	241	7,100	SH		SOLE		0	0	0
ConocoPhillips	STOCK	20825C104	662	8,550	SH		SOLE		0	0	0
Constellation Brands, Inc.	STOCK	21036P108	32	150	SH		SOLE		0	0	0
Corning, Inc.	STOCK	219350105	727	20,600	SH		SOLE		0	0	0
Costco Wholesale Corp.	STOCK	22160K105	398	1,695	SH		SOLE		0	0	0
Crown Castle International Corp.	STOCK	22822V101	473	4,250	SH		SOLE		0	0	0
CyrusOne, Inc.	STOCK	23283R100	425	6,700	SH		SOLE		0	0	0
D.R. Horton, Inc.	STOCK	23331A109	329	7,800	SH		SOLE		0	0	0
DXC Technology Co.	STOCK	23355L106	330	3,528	SH		SOLE		0	0	0
Deere & Co.	STOCK	244199105	827	5,500	SH		SOLE		0	0	0
Dell Technologies, Inc.	STOCK	24703L103	195	2,006	SH		SOLE		0	0	0
Devon Energy Corp.	STOCK	25179M103	120	3,000	SH		SOLE		0	0	0
DiamondRock Hospitality Co.	STOCK	252784301	88	7,500	SH		SOLE		0	0	0
Digital Realty Trust, Inc.	STOCK	253868103	247	2,200	SH		SOLE		0	0	0
Walt Disney Co./The	STOCK	254687106	1,520	13,000	SH		SOLE		0	0	0
DowDuPont, Inc.	STOCK	26078J100	1,463	22,752	SH		SOLE		0	0	0
EOG Resources, Inc.	STOCK	26875P101	1,110	8,700	SH		SOLE		0	0	0
Edison International	STOCK	281020107	74	1,100	SH		SOLE		0	0	0
Edwards LifeSciences Corp.	STOCK	28176E108	174	1,000	SH		SOLE		0	0	0
Equinix, Inc.	STOCK	29444U700	303	700	SH		SOLE		0	0	0
Exxon Mobil Corp.	STOCK	30231G102	1,229	14,450	SH		SOLE		0	0	0
FedEx Corp.	STOCK	31428X106	1,351	5,610	SH		SOLE		0	0	0
Fifth Third Bancorp	STOCK	316773100	430	15,400	SH		SOLE		0	0	0
Gilead Sciences, Inc.	STOCK	375558103	409	5,300	SH		SOLE		0	0	0
Goldman Sachs Group, Inc./The	STOCK	38141G104	788	3,515	SH		SOLE		0	0	0
HP, Inc.	STOCK	40434L105	706	27,400	SH		SOLE		0	0	0
Halliburton Co.	STOCK	406216101	237	5,850	SH		SOLE		0	0	0
Hartford Financial Services Group, Inc./The	STOCK	416515104	749	15,000	SH		SOLE		0	0	0
Hewlett Packard Enterprise Co.	STOCK	42824C109	233	14,300	SH		SOLE		0	0	0
Home Depot, Inc./The	STOCK	437076102	2,942	14,200	SH		SOLE		0	0	0
Honeywell International, Inc.	STOCK	438516106	790	4,750	SH		SOLE		0	0	0
Humana, Inc.	STOCK	444859102	1,016	3,000	SH		SOLE		0	0	0
Huntington Bancshares, Inc.	STOCK	446150104	518	34,750	SH		SOLE		0	0	0
Intel Corp.	STOCK	458140100	728	15,400	SH		SOLE		0	0	0
International Business Machines Corp.	STOCK	459200101	485	3,208	SH		SOLE		0	0	0
JPMorgan Chase & Co.	STOCK	46625H100	1,803	15,977	SH		SOLE		0	0	0
Johnson & Johnson	STOCK	478160104	1,494	10,810	SH		SOLE		0	0	0
KeyCorp	STOCK	493267108	688	34,575	SH		SOLE		0	0	0
Kinder Morgan, Inc.	STOCK	49456B101	18	1,000	SH		SOLE		0	0	0
Kraft Heinz Co./The	STOCK	500754106	165	2,999	SH		SOLE		0	0	0
Lamb Weston Holdings, Inc.	STOCK	513272104	320	4,800	SH		SOLE		0	0	0
Lennar Corp.	STOCK	526057104	233	5,000	SH		SOLE		0	0	0
M&T Bank Corp.	STOCK	55261F104	362	2,200	SH		SOLE		0	0	0
MGM Resorts International	STOCK	552953101	198	7,100	SH		SOLE		0	0	0
Masco Corp.	STOCK	574599106	421	11,500	SH		SOLE		0	0	0
MasterCard, Inc.	STOCK	57636Q104	1,670	7,500	SH		SOLE		0	0	0
McDonald's Corp.	STOCK	580135101	1,327	7,930	SH		SOLE		0	0	0
McKesson Corp.	STOCK	58155Q103	484	3,650	SH		SOLE		0	0	0
Merck & Co., Inc.	STOCK	58933Y105	929	13,100	SH		SOLE		0	0	0
Microsoft Corp.	STOCK	594918104	4,032	35,250	SH		SOLE		0	0	0
Microchip Technology, Inc.	STOCK	595017104	162	2,050	SH		SOLE		0	0	0
NetApp, Inc.	STOCK	64110D104	481	5,600	SH		SOLE		0	0	0
NextEra Energy, Inc.	STOCK	65339F101	939	5,600	SH		SOLE		0	0	0
NVIDIA Corp.	STOCK	67066G104	1,467	5,220	SH		SOLE		0	0	0
Oracle Corp.	STOCK	68389X105	1,511	29,300	SH		SOLE		0	0	0
Paychex, Inc.	STOCK	704326107	652	8,850	SH		SOLE		0	0	0
Pebblebrook Hotel Trust	STOCK	70509V100	73	2,000	SH		SOLE		0	0	0
PepsiCo, Inc.	STOCK	713448108	296	2,650	SH		SOLE		0	0	0
Perspecta, Inc.	STOCK	715347100	45	1,764	SH		SOLE		0	0	0
Pfizer, Inc.	STOCK	717081103	745	16,900	SH		SOLE		0	0	0
Philip Morris International, Inc.	STOCK	718172109	599	7,350	SH		SOLE		0	0	0
Procter & Gamble Co./The	STOCK	742718109	391	4,700	SH		SOLE		0	0	0
Prologis, Inc.	STOCK	74340W103	386	5,700	SH		SOLE		0	0	0
Prudential Financial, Inc.	STOCK	744320102	456	4,500	SH		SOLE		0	0	0
QTS Realty Trust, Inc.	STOCK	74736A103	215	5,050	SH		SOLE		0	0	0
QUALCOMM, Inc.	STOCK	747525103	519	7,200	SH		SOLE		0	0	0
Quest Diagnostics, Inc.	STOCK	74834L100	486	4,500	SH		SOLE		0	0	0
Realty Income Corp.	STOCK	756109104	85	1,500	SH		SOLE		0	0	0
Ross Stores, Inc.	STOCK	778296103	595	6,000	SH		SOLE		0	0	0
SVB Financial Group	STOCK	78486Q101	1,422	4,575	SH		SOLE		0	0	0
Schlumberger Ltd.	STOCK	806857108	216	3,550	SH		SOLE		0	0	0
Simon Property Group, Inc.	STOCK	828806109	44	250	SH		SOLE		0	0	0
Sun Communities, Inc.	STOCK	866674104	396	3,900	SH		SOLE		0	0	0
Symantec Corp.	STOCK	871503108	558	26,200	SH		SOLE		0	0	0
TJX Cos., Inc./The	STOCK	872540109	358	3,200	SH		SOLE		0	0	0
Target Corp.	STOCK	87612E106	441	5,000	SH		SOLE		0	0	0
Terreno Realty Corp.	STOCK	88146M101	75	2,000	SH		SOLE		0	0	0
Texas Instruments, Inc.	STOCK	882508104	1,719	16,025	SH		SOLE		0	0	0
Thermo Fisher Scientific, Inc.	STOCK	883556102	659	2,700	SH		SOLE		0	0	0
3M Co.	STOCK	88579Y101	1,191	5,650	SH		SOLE		0	0	0
Travelers Cos., Inc./The	STOCK	89417E109	182	1,400	SH		SOLE		0	0	0
U.S. Bancorp	STOCK	902973304	634	12,000	SH		SOLE		0	0	0
United Technologies Corp.	STOCK	913017109	489	3,500	SH		SOLE		0	0	0
UnitedHealth Group, Inc.	STOCK	91324P102	2,541	9,550	SH		SOLE		0	0	0
Valero Energy Corp.	STOCK	91913Y100	1,405	12,350	SH		SOLE		0	0	0
Verizon Communications, Inc.	STOCK	92343V104	920	17,240	SH		SOLE		0	0	0
Vertex Pharmaceuticals, Inc.	STOCK	92532F100	655	3,400	SH		SOLE		0	0	0
Visa, Inc.	STOCK	92826C839	2,777	18,500	SH		SOLE		0	0	0
WEC Energy Group, Inc.	STOCK	92939U106	547	8,200	SH		SOLE		0	0	0
Wal-Mart Stores, Inc.	STOCK	931142103	721	7,674	SH		SOLE		0	0	0
Waste Connections, Inc.	STOCK	94106B101	1,023	12,825	SH		SOLE		0	0	0
Welltower, Inc.	STOCK	95040Q104	96	1,500	SH		SOLE		0	0	0
Workday, Inc.	STOCK	98138H101	1,237	8,475	SH		SOLE		0	0	0
Adient PLC	STOCK	G0084W101	290	7,385	SH		SOLE		0	0	0
Allergan PLC	STOCK	G0177J108	629	3,300	SH		SOLE		0	0	0
Accenture PLC	STOCK	G1151C101	1,183	6,950	SH		SOLE		0	0	0
Johnson Controls International PLC	STOCK	G51502105	289	8,253	SH		SOLE		0	0	0
Lazard Ltd.	STOCK	G54050102	572	11,875	SH		SOLE		0	0	0
Medtronic PLC	STOCK	G5960L103	735	7,469	SH		SOLE		0	0	0
Seagate Technology PLC	STOCK	G7945M107	192	4,050	SH		SOLE		0	0	0
Royal Caribbean Cruises Ltd.	STOCK	V7780T103	416	3,200	SH		SOLE		0	0	0
AT&T, Inc.	STOCK	00206R102	604	18,000	SH		SOLE		0	0	0
Andeavor Logistics LP	STOCK	03350F106	311	6,405	SH		SOLE		0	0	0
Apple Hospitality REIT, Inc.	STOCK	03784Y200	569	32,539	SH		SOLE		0	0	0
Blackstone Group LP/The	STOCK	09253U108	270	7,100	SH		SOLE		0	0	0
Blackstone Mortgage Trust, Inc.	STOCK	09257W100	388	11,565	SH		SOLE		0	0	0
Buckeye Partners LP	STOCK	118230101	318	8,903	SH		SOLE		0	0	0
CNX Midstream Partners LP	STOCK	12654A101	164	8,500	SH		SOLE		0	0	0
City Office REIT, Inc.	STOCK	178587101	252	20,000	SH		SOLE		0	0	0
DiamondRock Hospitality Co.	STOCK	252784301	303	25,953	SH		SOLE		0	0	0
Enbridge Energy Partners LP	STOCK	29250R106	247	22,519	SH		SOLE		0	0	0
Energy Transfer Partners LP	STOCK	29278N103	1,123	50,446	SH		SOLE		0	0	0
EnLink Midstream Partners LP	STOCK	29336U107	631	33,865	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	1,218	42,400	SH		SOLE		0	0	0
Global Partners LP	STOCK	37946R109	131	7,215	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure	STOCK	41068X100	1,133	52,792	SH		SOLE		0	0	0
MPLX LP	STOCK	55336V100	1,110	32,000	SH		SOLE		0	0	0
Magellan Midstream Partners LP	STOCK	559080106	792	11,700	SH		SOLE		0	0	0
Pebblebrook Hotel Trust	STOCK	70509V100	320	8,806	SH		SOLE		0	0	0
Plains All American Pipeline LP	STOCK	726503105	80	3,200	SH		SOLE		0	0	0
Spectra Energy Partners LP	STOCK	84756N109	714	20,000	SH		SOLE		0	0	0
Spirit Realty Capital, Inc.	STOCK	84860W102	161	20,000	SH		SOLE		0	0	0
Spirit MTA REIT	STOCK	84861U105	23	2,000	SH		SOLE		0	0	0
TC PipeLines LP	STOCK	87233Q108	218	7,195	SH		SOLE		0	0	0
Targa Resources Corp.	STOCK	87612G101	717	12,739	SH		SOLE		0	0	0
USA Compression Partners LP	STOCK	90290N109	145	8,796	SH		SOLE		0	0	0
Verizon Communications, Inc.	STOCK	92343V104	534	10,000	SH		SOLE		0	0	0
Western Gas Partners LP	STOCK	958254104	819	18,750	SH		SOLE		0	0	0
Amazon.com, Inc.	STOCK	023135106	110	55	SH		SOLE		0	0	0
American Electric Power Co., Inc.	STOCK	025537101	178	2,515	SH		SOLE		0	0	0
Andeavor Logistics LP	STOCK	03350F106	355	7,312	SH		SOLE		0	0	0
Apple, Inc.	STOCK	037833100	53	235	SH		SOLE		0	0	0
Apple Hospitality REIT, Inc.	STOCK	03784Y200	256	14,645	SH		SOLE		0	0	0
Ashford Hospitality Trust, Inc.	STOCK	044103109	120	18,775	SH		SOLE		0	0	0
Blackstone Group LP/The	STOCK	09253U108	211	5,545	SH		SOLE		0	0	0
Blackstone Mortgage Trust, Inc.	STOCK	09257W100	107	3,207	SH		SOLE		0	0	0
CNX Midstream Partners LP	STOCK	12654A101	324	16,825	SH		SOLE		0	0	0
Cheniere Energy Partners LP	STOCK	16411Q101	367	9,300	SH		SOLE		0	0	0
Chesapeake Lodging Trust	STOCK	165240102	148	4,600	SH		SOLE		0	0	0
City Office REIT, Inc.	STOCK	178587101	182	14,420	SH		SOLE		0	0	0
Deere & Co.	STOCK	244199105	53	350	SH		SOLE		0	0	0
Energy Transfer Partners LP	STOCK	29278N103	403	18,104	SH		SOLE		0	0	0
EnLink Midstream Partners LP	STOCK	29336U107	338	18,140	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	459	15,980	SH		SOLE		0	0	0
Equity Commonwealth	Series D, 6.50% STOCK	294628201	157	6,000	SH		SOLE		0	0	0
Gramercy Property Trust	STOCK	385002308	112	4,081	SH		SOLE		0	0	0
Hersha Hospitality Trust	STOCK	427825500	152	6,695	SH		SOLE		0	0	0
Independence Realty Trust, Inc.	STOCK	45378A106	148	14,029	SH		SOLE		0	0	0
Lennar Corp.	STOCK	526057104	47	1,000	SH		SOLE		0	0	0
Lexington Realty Trust	STOCK	529043101	104	12,521	SH		SOLE		0	0	0
MPLX LP	STOCK	55336V100	480	13,850	SH		SOLE		0	0	0
Magellan Midstream Partners LP	STOCK	559080106	157	2,325	SH		SOLE		0	0	0
NVIDIA Corp.	STOCK	67066G104	58	205	SH		SOLE		0	0	0
Pebblebrook Hotel Trust	STOCK	70509V100	131	3,613	SH		SOLE		0	0	0
Starwood Property Trust, Inc.	STOCK	85571B105	99	4,595	SH		SOLE		0	0	0
Targa Resources Corp.	STOCK	87612G101	214	3,805	SH		SOLE		0	0	0
Toll Brothers, Inc.	STOCK	889478103	46	1,400	SH		SOLE		0	0	0
USA Compression Partners LP	STOCK	90290N109	280	16,966	SH		SOLE		0	0	0
Verizon Communications, Inc.	STOCK	92343V104	183	3,420	SH		SOLE		0	0	0
WP Carey, Inc.	STOCK	92936U109	132	2,055	SH		SOLE		0	0	0
AmeriGas Partners LP	STOCK	030975106	4,552	115,220	SH		SOLE		0	0	0
Andeavor	STOCK	03349M105	13,904	90,581	SH		SOLE		0	0	0
Andeavor Logistics LP	STOCK	03350F106	14,848	305,770	SH		SOLE		0	0	0
Antero Midstream Partners LP	STOCK	03673L103	21,738	758,484	SH		SOLE		0	0	0
Antero Midstream GP LP	STOCK	03675Y103	1,354	80,050	SH		SOLE		0	0	0
Archrock, Inc.	STOCK	03957W106	793	65,016	SH		SOLE		0	0	0
BP Midstream Partners LP	STOCK	0556EL109	2,335	124,196	SH		SOLE		0	0	0
Buckeye Partners LP	STOCK	118230101	5,251	147,047	SH		SOLE		0	0	0
CNX Midstream Partners LP	STOCK	12654A101	15,137	786,353	SH		SOLE		0	0	0
Cheniere Energy Partners LP	STOCK	16411Q101	26,553	672,911	SH		SOLE		0	0	0
Cheniere Energy, Inc.	STOCK	16411R208	2,092	30,100	SH		SOLE		0	0	0
Chevron Corp.	STOCK	166764100	5,188	42,425	SH		SOLE		0	0	0
Crestwood Equity Partners LP	STOCK	226344208	6,974	189,775	SH		SOLE		0	0	0
DCP Midstream LP	STOCK	23311P100	10,800	272,800	SH		SOLE		0	0	0
Dominion Energy Midstream Partners LP	STOCK	257454108	3,293	183,941	SH		SOLE		0	0	0
EQT Midstream Partners LP	STOCK	26885B100	17,167	325,253	SH		SOLE		0	0	0
EQT GP Holdings LP	STOCK	26885J103	5,495	263,791	SH		SOLE		0	0	0
Enable Midstream Partners LP	STOCK	292480100	12,029	714,308	SH		SOLE		0	0	0
Enbridge, Inc.	STOCK	29250N105	3,405	105,436	SH		SOLE		0	0	0
Enbridge Energy Partners LP	STOCK	29250R106	1,726	157,073	SH		SOLE		0	0	0
Energy Transfer Equity LP	STOCK	29273V100	11,108	637,300	SH		SOLE		0	0	0
Energy Transfer Partners LP	STOCK	29278N103	13,270	596,148	SH		SOLE		0	0	0
EnLink Midstream LLC	STOCK	29336T100	5,963	362,500	SH		SOLE		0	0	0
EnLink Midstream Partners LP	STOCK	29336U107	7,292	391,180	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	26,178	911,174	SH		SOLE		0	0	0
Exxon Mobil Corp.	STOCK	30231G102	5,404	63,565	SH		SOLE		0	0	0
Genesis Energy LP	STOCK	371927104	5,669	238,392	SH		SOLE		0	0	0
Global Partners LP	STOCK	37946R109	2,017	110,797	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure	STOCK	41068X100	1,319	61,441	SH		SOLE		0	0	0
Hess Midstream Partners LP	STOCK	428104103	5,931	260,035	SH		SOLE		0	0	0
Holly Energy Partners LP	STOCK	435763107	13,216	420,075	SH		SOLE		0	0	0
Kinder Morgan, Inc.	STOCK	49456B101	18,891	1,065,462	SH		SOLE		0	0	0
MPLX LP	STOCK	55336V100	23,778	685,643	SH		SOLE		0	0	0
Magellan Midstream Partners LP	STOCK	559080106	21,851	322,665	SH		SOLE		0	0	0
Marathon Petroleum Corp.	STOCK	56585A102	6,082	76,050	SH		SOLE		0	0	0
NGL Energy Partners LP	STOCK	62913M107	1,893	163,168	SH		SOLE		0	0	0
Noble Midstream Partners LP	STOCK	65506L105	11,339	320,219	SH		SOLE		0	0	0
Occidental Petroleum Corp.	STOCK	674599105	6,389	77,750	SH		SOLE		0	0	0
ONEOK, Inc.	STOCK	682680103	15,026	221,648	SH		SOLE		0	0	0
PBF Logistics LP	STOCK	69318Q104	1,815	84,225	SH		SOLE		0	0	0
Parsley Energy, Inc.	STOCK	701877102	3,912	133,750	SH		SOLE		0	0	0
Phillips 66	STOCK	718546104	9,230	81,887	SH		SOLE		0	0	0
Phillips 66 Partners LP	STOCK	718549207	19,425	379,839	SH		SOLE		0	0	0
Plains All American Pipeline LP	STOCK	726503105	8,017	320,549	SH		SOLE		0	0	0
Shell Midstream Partners LP	STOCK	822634101	16,508	772,143	SH		SOLE		0	0	0
Spectra Energy Partners LP	STOCK	84756N109	10,494	293,859	SH		SOLE		0	0	0
Sprague Resources LP	STOCK	849343108	5,937	220,282	SH		SOLE		0	0	0
Summit Midstream Partners LP	STOCK	866142102	2,719	190,164	SH		SOLE		0	0	0
Sunoco LP	STOCK	86765K109	6,316	213,729	SH		SOLE		0	0	0
TC PipeLines LP	STOCK	87233Q108	2,256	74,369	SH		SOLE		0	0	0
Tallgrass Energy GP LP	STOCK	874696107	7,265	308,087	SH		SOLE		0	0	0
Targa Resources Corp.	STOCK	87612G101	15,001	266,400	SH		SOLE		0	0	0
TransCanada Corp.	STOCK	89353D107	1,115	27,550	SH		SOLE		0	0	0
UGI Corp.	STOCK	902681105	6,769	122,000	SH		SOLE		0	0	0
USA Compression Partners LP	STOCK	90290N109	12,165	736,804	SH		SOLE		0	0	0
Valero Energy Corp.	STOCK	91913Y100	12,793	112,464	SH		SOLE		0	0	0
Valero Energy Partners LP	STOCK	91914J102	16,790	443,240	SH		SOLE		0	0	0
Viper Energy Partners LP	STOCK	92763M105	13,577	322,499	SH		SOLE		0	0	0
Western Gas Partners LP	STOCK	958254104	16,107	368,739	SH		SOLE		0	0	0
Western Gas Equity Partners LP	STOCK	95825R103	6,038	201,673	SH		SOLE		0	0	0
Williams Cos, Inc./The	STOCK	969457100	16,369	602,032	SH		SOLE		0	0	0
Golar LNG Partners LP	STOCK	Y2745C102	2,035	142,013	SH		SOLE		0	0	0
Teekay LNG Partners LP	STOCK	Y8564M105	4,019	240,661	SH		SOLE		0	0	0