Shikiar Asset 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
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

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
ASSOCIATED BANC-CORP PFD STK S	PFD	045488202	347	12,400	SH		SOLE		12,400	0	0
ATLAS PIPELINE PARTNERS LP 8.2	PFD	049392301	729	28,900	SH		SOLE		28,900	0	0
BEAZER HOMES USA INC 7.5%	PFD	07556Q709	922	29,150	SH		SOLE		29,150	0	0
CITY NATIONAL CORP PFD SER D 6	PFD	17800X400	1,241	44,800	SH		SOLE		44,800	0	0
CLIFFS NATURAL RESOURCES 7%	PFD	18683K408	269	13,000	SH		SOLE		13,000	0	0
COLONY FINANCIAL INC SER A 8.5	PFD	19624R205	1,315	50,700	SH		SOLE		50,700	0	0
EXCEL TR INC 8.125% CUM PRF	PFD	30068C307	1,421	54,950	SH		SOLE		54,950	0	0
MORGAN STANLEY 7.125%	PFD	61762V200	552	20,800	SH		SOLE		20,800	0	0
MORGAN STANLEY CAP 5.75%	PFD	617466206	740	30,200	SH		SOLE		30,200	0	0
NORTHSTAR REALTY FINANCE PREF	PFD	66704R506	684	27,000	SH		SOLE		27,000	0	0
NORTHSTAR REALTY FINANCE PREF	PFD	66705V209	1,655	66,550	SH		SOLE		66,550	0	0
PRIVATEBANCORP 10%	PFD	74272L208	2,161	81,250	SH		SOLE		81,250	0	0
REALTY INCOME CORP PREF F 6.62	PFD	756109807	310	12,300	SH		SOLE		12,300	0	0
RESOURCE CAPITAL PERF B 8.25%	PFD	76120W500	1,246	55,050	SH		SOLE		55,050	0	0
SANDRIDGE ENERGY INC 8.5%	PFD	80007P604	6,912	64,300	SH		SOLE		64,300	0	0
STAG INDUSTRIAL INC 9%	PFD	85254J201	274	10,200	SH		SOLE		10,200	0	0
STAG INDUSTRIAL PRF SER B 6.62	PFD	85254J300	610	26,800	SH		SOLE		26,800	0	0
STRATEGIC HOTEL CAP INC PFD SE	PFD	86272T403	1,038	40,800	SH		SOLE		40,800	0	0
STRATEGIC HOTEL CAP INC PFD SE	PFD	86272T502	355	14,100	SH		SOLE		14,100	0	0
100,000THS KINDER MORGAN MGMT	COM	EKE55U103	0	178,184	SH		SOLE		178,184	0	0
ACCESS MIDSTREAM PARTNERS LP U	COM	00434L109	8,933	155,225	SH		SOLE		155,225	0	0
AETNA	COM	00817Y108	1,844	24,600	SH		SOLE		24,600	0	0
AMERICAN AIRLINES GROUP	COM	02376R102	573	15,650	SH		SOLE		15,650	0	0
AMERICAN CAPITAL AGENCY CORP	COM	02503X105	1,068	49,711	SH		SOLE		49,711	0	0
AMERICAN INTERNATIONAL GROUP	COM	026874107	3,962	79,225	SH		SOLE		79,225	0	0
ANADARKO PETROLEUM	COM	032511107	7,620	89,905	SH		SOLE		89,905	0	0
ANNALY CAP MANAGEMENT	COM	035710409	200	18,202	SH		SOLE		18,202	0	0
APOLLO COMMERCIAL REAL ESTATE	COM	03762U105	297	17,844	SH		SOLE		17,844	0	0
APPLE	COM	037833100	7,313	13,625	SH		SOLE		13,625	0	0
ATLAS RESOURCE PARTNERS LP	COM	04941A101	6,752	323,200	SH		SOLE		323,200	0	0
BANCO SANTANDER	COM	05964H105	1,105	115,333	SH		SOLE		115,333	0	0
BANK OF AMERICA	COM	060505104	5,115	297,400	SH		SOLE		297,400	0	0
BEARD	COM	07384R408	0	13,800	SH		SOLE		13,800	0	0
BERKSHIRE HATHAWAY DEL CL A	COM	084670108	562	3	SH		SOLE		3	0	0
BGC PARTNERS INC	COM	05541T101	1,963	300,150	SH		SOLE		300,150	0	0
BLACKHAWK CAP GROUP BDC	COM	09236T103	0	24,000	SH		SOLE		24,000	0	0
BRISTOL MYERS SQUIBB	COM	110122108	223	4,300	SH		SOLE		4,300	0	0
CALLAWAY GOLF CO	COM	131193104	1,211	118,500	SH		SOLE		118,500	0	0
CAPITAL ONE FINANCIAL	COM	14040H105	2,893	37,500	SH		SOLE		37,500	0	0
CATERPILLAR	COM	149123101	713	7,175	SH		SOLE		7,175	0	0
CELLFOR CL C VTG SHS	COM	151999950	0	100,000	SH		SOLE		100,000	0	0
CHICAGO BRIDGE & IRON CO	COM	167250109	2,536	29,100	SH		SOLE		29,100	0	0
CIGNA CORP COM	COM	125509109	3,755	44,850	SH		SOLE		44,850	0	0
CITIGROUP INC.	COM	172967424	4,160	87,399	SH		SOLE		87,399	0	0
CITY NATIONAL	COM	178566105	425	5,400	SH		SOLE		5,400	0	0
COHENS & STEERS INFRASTRUCTURE	COM	BKC48A102	0	86,000	SH		SOLE		86,000	0	0
COLONY FINANCIAL INC	COM	19624R106	893	40,700	SH		SOLE		40,700	0	0
CONSTELLIUM NV	COM	N22035104	655	22,300	SH		SOLE		22,300	0	0
COSTCO WHSL	COM	22160K105	335	3,000	SH		SOLE		3,000	0	0
DELTA AIRLINES INC	COM	247361702	4,012	115,800	SH		SOLE		115,800	0	0
DENBURY RES INC COM NEW	COM	247916208	604	36,850	SH		SOLE		36,850	0	0
DIRECT TV	COM	25490A309	4,334	56,712	SH		SOLE		56,712	0	0
EBAY	COM	278642103	1,058	19,150	SH		SOLE		19,150	0	0
ENTERCOM COMMUNICATIONS CORP C	COM	293639100	460	45,650	SH		SOLE		45,650	0	0
EXCEL	COM	30068C109	3,676	289,921	SH		SOLE		289,921	0	0
EXXON	COM	30231G102	752	7,700	SH		SOLE		7,700	0	0
FREEPORT MCMORAN	COM	35671D857	3,529	106,725	SH		SOLE		106,725	0	0
GENERAC HOLDINGS INC	COM	368736104	2,593	43,975	SH		SOLE		43,975	0	0
GENERAL MOTORS CO	COM	37045V100	3,951	114,780	SH		SOLE		114,780	0	0
GENWORTH FINL INC CL A	COM	37247D106	266	15,000	SH		SOLE		15,000	0	0
GRAY TELEVISION INC	COM	389375106	1,014	97,800	SH		SOLE		97,800	0	0
HONEYWELL INTL INC	COM	438516106	4,302	46,375	SH		SOLE		46,375	0	0
INVESCO MORTGAGE CAPITAL INC	COM	46131B100	371	22,500	SH		SOLE		22,500	0	0
JOHNSON & JOHNSON	COM	478160104	265	2,700	SH		SOLE		2,700	0	0
JPMORGAN CHASE	COM	46625H100	977	16,100	SH		SOLE		16,100	0	0
KINDER MORGAN	COM	49455p101	654	20,119	SH		SOLE		20,119	0	0
KINDER MORGAN MANAGEMENT LLC	COM	49455U100	3,454	48,200	SH		SOLE		48,200	0	0
KKR FINANCIAL HLDGS LLC COM	COM	48248A306	6,649	574,700	SH		SOLE		574,700	0	0
LEXINGTON REALTY TR	COM	529043101	5,805	532,100	SH		SOLE		532,100	0	0
LIBERTY INTERACTIVE CORPORATIO	COM	53071M104	535	18,544	SH		SOLE		18,544	0	0
LIBERTY MEDIA CORP. CL A	COM	531229102	459	3,514	SH		SOLE		3,514	0	0
LINC ENERGY	COM	Q5562Z103	321	300,000	SH		SOLE		300,000	0	0
LINN ENERGY	COM	536020100	1,189	42,000	SH		SOLE		42,000	0	0
MACYS	COM	55616P104	765	12,900	SH		SOLE		12,900	0	0
MEDLEY CAP	COM	58503F106	2,209	162,300	SH		SOLE		162,300	0	0
MEMORIAL PRODUCTION PARTNERS L	COM	586048100	1,738	77,150	SH		SOLE		77,150	0	0
MERCK & CO INC NEW COM	COM	58933Y105	6,177	108,800	SH		SOLE		108,800	0	0
METLIFE	COM	59156R108	232	4,385	SH		SOLE		4,385	0	0
MGM MIRAGE	COM	552953101	609	23,550	SH		SOLE		23,550	0	0
MORGAN STANLEY	COM	617446448	312	10,000	SH		SOLE		10,000	0	0
MYLAN	COM	628530107	4,954	101,450	SH		SOLE		101,450	0	0
NAVIOS MARITIME PARTNERS LP	COM	Y62267102	858	44,000	SH		SOLE		44,000	0	0
NEW YORK COMMUNITY BANCORP	COM	649445103	5,169	321,650	SH		SOLE		321,650	0	0
NEWS CORP	COM	65249B208	377	22,600	SH		SOLE		22,600	0	0
NORTHSTAR REALTY FINANCE	COM	66704R100	991	61,400	SH		SOLE		61,400	0	0
OPKO HEALTH INC COM	COM	68375N103	289	31,000	SH		SOLE		31,000	0	0
ORASURE TECHNOLOGIES	COM	68554V108	611	76,600	SH		SOLE		76,600	0	0
PFIZER	COM	717081103	8,023	249,775	SH		SOLE		249,775	0	0
PITNEY BOWES INC	COM	724479100	361	13,900	SH		SOLE		13,900	0	0
QEP MIDSTREAM PARTNERS LP	COM	74735R115	3,100	132,600	SH		SOLE		132,600	0	0
QEP RESOURCES	COM	74733V100	6,951	236,100	SH		SOLE		236,100	0	0
QR ENERGY LP	COM	74734R108	519	29,000	SH		SOLE		29,000	0	0
RESOURCE AMERICA INC	COM	761195205	86	10,000	SH		SOLE		10,000	0	0
RESOURCE CAPITAL	COM	76120W302	1,529	274,550	SH		SOLE		274,550	0	0
RR DONNELLEY & SONS CO	COM	257867101	877	49,000	SH		SOLE		49,000	0	0
SANDRIDGE ENERGY	COM	80007P307	134	21,750	SH		SOLE		21,750	0	0
SPDR GOLD TRUST	COM	78463V107	618	5,000	SH		SOLE		5,000	0	0
STAG INDUSTRIAL INC	COM	85254J102	1,548	64,250	SH		SOLE		64,250	0	0
STAPLES	COM	855030102	556	49,050	SH		SOLE		49,050	0	0
STARWOOD PROPERTY TRUST INC	COM	85571B105	4,098	173,725	SH		SOLE		173,725	0	0
STARWOOD WAYPOINT RESIDENTIAL	COM	85571W109	330	11,455	SH		SOLE		11,455	0	0
TEVA PHARMACEUTICAL	COM	881624209	697	13,200	SH		SOLE		13,200	0	0
THL CREDIT INC	COM	872438106	1,455	105,400	SH		SOLE		105,400	0	0
ULTRALIFE BATTERIES	COM	903899102	279	65,600	SH		SOLE		65,600	0	0
VF CORP	COM	918204108	248	4,000	SH		SOLE		4,000	0	0
VODAFONE GROUP PLC	COM	92857W308	7,200	195,596	SH		SOLE		195,596	0	0
WALGREEN	COM	931422109	5,702	86,350	SH		SOLE		86,350	0	0
WELLS FARGO	COM	949746101	3,028	60,875	SH		SOLE		60,875	0	0
WESTERN GAS PARTNERS	COM	958254104	3,780	57,110	SH		SOLE		57,110	0	0
WHITEWAVE FOODS COMPANY	COM	966244105	6,900	241,768	SH		SOLE		241,768	0	0
WYNN RESORTS	COM	983134107	4,710	21,200	SH		SOLE		21,200	0	0
ZIONS BANCORPORATION	COM	989701107	263	8,500	SH		SOLE		8,500	0	0
ALPHA NATURAL RESOURCES SR NT	CONV	02076XAA0	497	500,000	PRN		SOLE		500,000	0	0