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
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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
AMERICAN CAPITAL AGENCY CORP P	PFD	02503X303	628	25,700	SH		SOLE		25,700	0	0
ASSOCIATED BANC-CORP PFD STK S	PFD	045488202	301	10,900	SH		SOLE		10,900	0	0
ATLAS PIPELINE PARTNERS LP 8.2	PFD	049392301	794	30,900	SH		SOLE		30,900	0	0
BEAZER HOMES USA INC 7.5%	PFD	07556Q709	784	29,000	SH		SOLE		29,000	0	0
CITY NATIONAL CORP PFD SER D 6	PFD	17800X400	1,195	42,900	SH		SOLE		42,900	0	0
COLONY FINANCIAL INC SER A 8.5	PFD	19624R205	1,800	66,800	SH		SOLE		66,800	0	0
EXCEL TR INC 8.125% CUM PRF	PFD	30068C307	1,458	55,350	SH		SOLE		55,350	0	0
MORGAN STANLEY CAP 5.75%	PFD	617466206	730	29,200	SH		SOLE		29,200	0	0
MORGAN STANLEY PRD G 6.625% 7-	PFD	61762V507	617	24,700	SH		SOLE		24,700	0	0
NORTHSTAR REALTY FINANCE PREF	PFD	66704R506	705	27,750	SH		SOLE		27,750	0	0
NORTHSTAR REALTY FINANCE PREF	PFD	66705V209	1,688	67,550	SH		SOLE		67,550	0	0
PRIVATEBANCORP 10%	PFD	74272L208	2,084	78,650	SH		SOLE		78,650	0	0
REALTY INCOME CORP PREF F 6.62	PFD	756109807	322	12,300	SH		SOLE		12,300	0	0
RESOURCE CAPITAL PERF B 8.25%	PFD	76120W500	1,327	55,400	SH		SOLE		55,400	0	0
SANDRIDGE ENERGY INC 8.5%	PFD	80007P604	6,722	69,300	SH		SOLE		69,300	0	0
STAG INDUSTRIAL INC 9%	PFD	85254J201	278	10,200	SH		SOLE		10,200	0	0
STAG INDUSTRIAL PRF SER B 6.62	PFD	85254J300	717	28,900	SH		SOLE		28,900	0	0
STRATEGIC HOTEL CAP INC PFD SE	PFD	86272T403	1,027	40,800	SH		SOLE		40,800	0	0
100,000THS KINDER MORGAN MGMT	COM	EKE55U103	0	94,697	SH		SOLE		94,697	0	0
ACCESS MIDSTREAM PARTNERS LP U	COM	00434L109	9,517	149,550	SH		SOLE		149,550	0	0
AETNA	COM	00817Y108	7,416	91,550	SH		SOLE		91,550	0	0
AMERICAN AIRLINES GROUP	COM	02376R102	1,649	46,475	SH		SOLE		46,475	0	0
AMERICAN CAPITAL AGENCY CORP	COM	02503X105	1,768	83,180	SH		SOLE		83,180	0	0
AMERICAN INTERNATIONAL GROUP	COM	026874107	3,961	73,325	SH		SOLE		73,325	0	0
ANADARKO PETROLEUM	COM	032511107	8,014	79,005	SH		SOLE		79,005	0	0
ANNALY CAP MANAGEMENT	COM	035710409	354	33,179	SH		SOLE		33,179	0	0
APACHE	COM	037411105	5,240	55,825	SH		SOLE		55,825	0	0
APOLLO COMMERCIAL REAL ESTATE	COM	03762U105	401	25,524	SH		SOLE		25,524	0	0
APPLE	COM	037833100	9,750	96,770	SH		SOLE		96,770	0	0
ATLAS ENERGY LP	COM	04930A104	6,455	146,700	SH		SOLE		146,700	0	0
ATLAS PIPELINE L P UNIT LP PAR	COM	049392103	412	11,300	SH		SOLE		11,300	0	0
ATLAS RESOURCE PARTNERS LP	COM	04941A101	7,505	385,675	SH		SOLE		385,675	0	0
BANCO SANTANDER	COM	05964H105	1,346	141,680	SH		SOLE		141,680	0	0
BANK OF AMERICA	COM	060505104	5,280	309,700	SH		SOLE		309,700	0	0
BEARD	COM	07384R408	0	13,800	SH		SOLE		13,800	0	0
BERKSHIRE HATHAWAY DEL CL A	COM	084670108	621	3	SH		SOLE		3	0	0
BGC PARTNERS INC	COM	05541T101	2,439	328,200	SH		SOLE		328,200	0	0
BLACKHAWK CAP GROUP BDC	COM	09236T103	0	24,000	SH		SOLE		24,000	0	0
BRISTOL MYERS SQUIBB	COM	110122108	220	4,300	SH		SOLE		4,300	0	0
CAPITAL ONE FINANCIAL	COM	14040H105	1,628	19,950	SH		SOLE		19,950	0	0
CATERPILLAR	COM	149123101	369	3,725	SH		SOLE		3,725	0	0
CIGNA CORP COM	COM	125509109	3,219	35,500	SH		SOLE		35,500	0	0
CITIGROUP INC.	COM	172967424	4,354	84,021	SH		SOLE		84,021	0	0
CITY NATIONAL	COM	178566105	409	5,400	SH		SOLE		5,400	0	0
COLONY FINANCIAL INC	COM	19624R106	4,993	223,123	SH		SOLE		223,123	0	0
CONSTELLIUM NV	COM	N22035104	3,702	150,425	SH		SOLE		150,425	0	0
COSTCO WHSL	COM	22160K105	376	3,000	SH		SOLE		3,000	0	0
DELTA AIRLINES INC	COM	247361702	7,207	199,375	SH		SOLE		199,375	0	0
DEVON ENERGY	COM	25179M103	6,027	88,400	SH		SOLE		88,400	0	0
DIRECT TV	COM	25490A309	2,910	33,632	SH		SOLE		33,632	0	0
EXCEL	COM	30068C109	3,436	291,921	SH		SOLE		291,921	0	0
EXXON	COM	30231G102	640	6,801	SH		SOLE		6,801	0	0
FREEPORT MCMORAN, INC. CL B	COM	35671D857	2,607	79,850	SH		SOLE		79,850	0	0
GASTAR EXPLORATION INC	COM	36729W202	88	15,000	SH		SOLE		15,000	0	0
GENERAC HOLDINGS INC	COM	368736104	1,339	33,025	SH		SOLE		33,025	0	0
GENWORTH FINL INC CL A	COM	37247D106	164	12,500	SH		SOLE		12,500	0	0
GULF COAST ULTRA DEEP ROYALTY	COM	40222T104	25	12,500	SH		SOLE		12,500	0	0
HONEYWELL INTL INC	COM	438516106	438	4,700	SH		SOLE		4,700	0	0
INVESCO MORTGAGE CAPITAL INC	COM	46131B100	384	24,410	SH		SOLE		24,410	0	0
JOHNSON & JOHNSON	COM	478160104	277	2,600	SH		SOLE		2,600	0	0
KINDER MORGAN INC	COM	49456B101	771	20,119	SH		SOLE		20,119	0	0
KINDER MORGAN MANAGEMENT LLC	COM	49455U100	3,052	32,421	SH		SOLE		32,421	0	0
KITE PHARMA INC	COM	49803L109	712	25,000	SH		SOLE		25,000	0	0
KKR & CO. LP	COM	48248M102	1,955	87,678	SH		SOLE		87,678	0	0
LEXINGTON REALTY TR	COM	529043101	5,258	537,100	SH		SOLE		537,100	0	0
LIBERTY INTERACTIVE CORPORATIO	COM	53071M104	529	18,544	SH		SOLE		18,544	0	0
LIBERTY MEDIA CORP CL. C	COM	531229300	330	7,028	SH		SOLE		7,028	0	0
LINC ENERGY	COM	Q5562Z103	264	300,000	SH		SOLE		300,000	0	0
LINN ENERGY	COM	536020100	627	20,800	SH		SOLE		20,800	0	0
MACYS	COM	55616P104	704	12,100	SH		SOLE		12,100	0	0
MEDLEY CAP	COM	58503F106	2,373	200,950	SH		SOLE		200,950	0	0
MEMORIAL PRODUCTION PARTNERS L	COM	586048100	3,550	161,350	SH		SOLE		161,350	0	0
MERCK & CO INC NEW COM	COM	58933Y105	5,968	100,675	SH		SOLE		100,675	0	0
MGM MIRAGE	COM	552953101	399	17,500	SH		SOLE		17,500	0	0
MONITISE PLC	COM	G6258F105	169	338,000	SH		SOLE		338,000	0	0
MORGAN STANLEY	COM	617446448	346	10,000	SH		SOLE		10,000	0	0
MYLAN	COM	628530107	3,430	75,400	SH		SOLE		75,400	0	0
NAVIOS MARITIME PARTNERS LP	COM	Y62267102	769	43,128	SH		SOLE		43,128	0	0
NEW MEDIA INVESTMENT GROUP INC	COM	64704V106	3,883	233,475	SH		SOLE		233,475	0	0
NEW YORK COMMUNITY BANCORP	COM	649445103	4,732	298,150	SH		SOLE		298,150	0	0
NEWCASTLE INVESTMENT CORPORATI	COM	65105M603	946	74,632	SH		SOLE		74,632	0	0
NORDIC AMERICAN OFFSHORE LTD	COM	Y6366T112	1,440	81,725	SH		SOLE		81,725	0	0
NORTHSTAR ASSET MANAGEMENT GRO	COM	66705Y104	491	26,675	SH		SOLE		26,675	0	0
NORTHSTAR REALTY FINANCE	COM	66704R704	507	28,675	SH		SOLE		28,675	0	0
OPKO HEALTH INC COM	COM	68375N103	213	25,000	SH		SOLE		25,000	0	0
ORASURE TECHNOLOGIES	COM	68554V108	544	75,300	SH		SOLE		75,300	0	0
QEP MIDSTREAM PARTNERS LP	COM	74735R115	4,649	196,225	SH		SOLE		196,225	0	0
QEP RESOURCES	COM	74733V100	9,312	302,550	SH		SOLE		302,550	0	0
QR ENERGY LP	COM	74734R108	562	28,959	SH		SOLE		28,959	0	0
QUANTA SERVICES INC	COM	74762E102	4,217	116,200	SH		SOLE		116,200	0	0
RESOURCE AMERICA INC	COM	761195205	93	10,000	SH		SOLE		10,000	0	0
RESOURCE CAPITAL	COM	76120W302	75	15,300	SH		SOLE		15,300	0	0
RR DONNELLEY & SONS CO	COM	257867101	518	31,500	SH		SOLE		31,500	0	0
SANDRIDGE ENERGY	COM	80007P307	53	12,250	SH		SOLE		12,250	0	0
SPDR GOLD TRUST	COM	78463V107	581	5,000	SH		SOLE		5,000	0	0
STAG INDUSTRIAL INC	COM	85254J102	1,328	64,100	SH		SOLE		64,100	0	0
STARWOOD PROPERTY TRUST INC	COM	85571B105	4,180	190,353	SH		SOLE		190,353	0	0
TEVA PHARMACEUTICAL	COM	881624209	441	8,200	SH		SOLE		8,200	0	0
THL CREDIT INC	COM	872438106	1,375	106,600	SH		SOLE		106,600	0	0
ULTRALIFE BATTERIES	COM	903899102	121	37,500	SH		SOLE		37,500	0	0
VF CORP	COM	918204108	264	4,000	SH		SOLE		4,000	0	0
WALGREEN	COM	931422109	5,211	87,925	SH		SOLE		87,925	0	0
WELLS FARGO	COM	949746101	995	19,175	SH		SOLE		19,175	0	0
WESTERN GAS PARTNERS	COM	958254104	4,234	56,450	SH		SOLE		56,450	0	0
WHITEWAVE FOODS COMPANY	COM	966244105	8,139	224,025	SH		SOLE		224,025	0	0
WYNN RESORTS	COM	983134107	3,966	21,200	SH		SOLE		21,200	0	0
YAHOO	COM	984332106	204	5,000	SH		SOLE		5,000	0	0
ALPHA NATURAL RESOURCES SR NT	CONV	02076XAA0	480	500,000	PRN		SOLE		500,000	0	0