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	641	25,700	SH		SOLE		25,700	0	0
ASSOCIATED BANC-CORP PFD STK S	PFD	045488202	291	10,900	SH		SOLE		10,900	0	0
ATLAS PIPELINE PARTNERS LP 8.2	PFD	049392301	819	32,300	SH		SOLE		32,300	0	0
BEAZER HOMES USA INC 7.5%	PFD	07556Q709	740	24,900	SH		SOLE		24,900	0	0
CITY NATIONAL CORP PFD SER D 6	PFD	17800X400	1,188	42,700	SH		SOLE		42,700	0	0
COLONY FINANCIAL INC SER A 8.5	PFD	19624R205	1,790	68,100	SH		SOLE		68,100	0	0
COLONY FINANCIAL INC SER B 7.5	PFD	19624R304	1,012	38,950	SH		SOLE		38,950	0	0
EXCEL TR INC 8.125% CUM PRF	PFD	30068C307	2,147	80,250	SH		SOLE		80,250	0	0
GRAMERCY PROPERTY TRUST B 7.12	PFD	38489R506	574	22,500	SH		SOLE		22,500	0	0
KKR FINL HLDGS LLC PFD SER A L	PFD	48248A603	253	9,500	SH		SOLE		9,500	0	0
MORGAN STANLEY CAP 5.75%	PFD	617466206	732	29,200	SH		SOLE		29,200	0	0
MORGAN STANLEY PRD G 6.625% 7-	PFD	61762V507	972	38,100	SH		SOLE		38,100	0	0
NORTHSTAR REALTY FINANCE PREF	PFD	66704R506	830	32,350	SH		SOLE		32,350	0	0
NORTHSTAR REALTY FINANCE PREF	PFD	66705V209	1,742	69,550	SH		SOLE		69,550	0	0
NORTHSTAR REALTY FINANCE PREF	PFD	66704R605	223	8,850	SH		SOLE		8,850	0	0
PRIVATEBANCORP 10%	PFD	74272L208	999	37,465	SH		SOLE		37,465	0	0
REALTY INCOME CORP PREF F 6.62	PFD	756109807	336	12,800	SH		SOLE		12,800	0	0
RESOURCE CAPITAL PERF B 8.25%	PFD	76120W500	1,233	55,850	SH		SOLE		55,850	0	0
SANDRIDGE ENERGY INC 8.5%	PFD	80007P604	2,867	67,300	SH		SOLE		67,300	0	0
STAG INDUSTRIAL INC 9%	PFD	85254J201	433	15,700	SH		SOLE		15,700	0	0
STAG INDUSTRIAL PRF SER B 6.62	PFD	85254J300	768	29,900	SH		SOLE		29,900	0	0
STRATEGIC HOTEL CAP INC PFD SE	PFD	86272T403	1,040	41,600	SH		SOLE		41,600	0	0
ACCESS MIDSTREAM PARTNERS LP U	COM	00434L109	8,012	147,825	SH		SOLE		147,825	0	0
AETNA	COM	00817Y108	9,014	101,480	SH		SOLE		101,480	0	0
AMERICAN AIRLINES GROUP	COM	02376R102	1,665	31,055	SH		SOLE		31,055	0	0
AMERICAN CAPITAL AGENCY CORP	COM	02503X105	1,056	48,361	SH		SOLE		48,361	0	0
AMERICAN INTL GROUP INC. NEW	COM	026874784	4,108	73,350	SH		SOLE		73,350	0	0
ANADARKO PETROLEUM	COM	032511107	5,950	72,124	SH		SOLE		72,124	0	0
ANNALY CAP MANAGEMENT	COM	035710409	251	23,222	SH		SOLE		23,222	0	0
APOLLO COMMERCIAL REAL ESTATE	COM	03762U105	311	19,038	SH		SOLE		19,038	0	0
APPLE	COM	037833100	11,264	102,045	SH		SOLE		102,045	0	0
ATLAS ENERGY LP	COM	04930A104	2,687	86,275	SH		SOLE		86,275	0	0
ATLAS RESOURCE PARTNERS LP	COM	04941A101	4,370	408,450	SH		SOLE		408,450	0	0
BANCO SANTANDER	COM	05964H105	879	105,543	SH		SOLE		105,543	0	0
BANK OF AMERICA	COM	060505104	8,229	459,950	SH		SOLE		459,950	0	0
BEARD	COM	07384R408	0	13,800	SH		SOLE		13,800	0	0
BERKSHIRE HATHAWAY DEL CL A	COM	084670108	678	3	SH		SOLE		3	0	0
BGC PARTNERS INC	COM	05541T101	3,457	377,800	SH		SOLE		377,800	0	0
BLACKHAWK CAP GROUP BDC	COM	09236T103	0	24,000	SH		SOLE		24,000	0	0
BREITBURN ENERGY PARTNERS	COM	106776107	179	25,585	SH		SOLE		25,585	0	0
CAPITAL ONE FINANCIAL	COM	14040H105	1,688	20,450	SH		SOLE		20,450	0	0
CATERPILLAR	COM	149123101	350	3,825	SH		SOLE		3,825	0	0
CIGNA CORP COM	COM	125509109	3,640	35,375	SH		SOLE		35,375	0	0
CITIGROUP INC.	COM	172967424	5,625	103,958	SH		SOLE		103,958	0	0
CITY NATIONAL	COM	178566105	436	5,400	SH		SOLE		5,400	0	0
COLONY FINANCIAL INC	COM	19624R106	10,451	438,748	SH		SOLE		438,748	0	0
CONSTELLIUM NV	COM	N22035104	544	33,100	SH		SOLE		33,100	0	0
COSTCO WHSL	COM	22160K105	425	3,000	SH		SOLE		3,000	0	0
DELTA AIRLINES INC	COM	247361702	7,869	159,980	SH		SOLE		159,980	0	0
DEVON ENERGY	COM	25179M103	407	6,650	SH		SOLE		6,650	0	0
DIRECT TV	COM	25490A309	2,852	32,892	SH		SOLE		32,892	0	0
EXCEL	COM	30068C109	2,462	183,871	SH		SOLE		183,871	0	0
EXXON	COM	30231G102	592	6,401	SH		SOLE		6,401	0	0
FREEPORT MCMORAN, INC. CL B	COM	35671D857	514	22,000	SH		SOLE		22,000	0	0
GENERAC HOLDINGS INC	COM	368736104	1,540	32,925	SH		SOLE		32,925	0	0
GENERAL ELECTRIC	COM	369604103	207	8,175	SH		SOLE		8,175	0	0
GOOGLE INC	COM	38259P706	2,177	4,135	SH		SOLE		4,135	0	0
GORDMANS STORES INC	COM	38269P100	30	11,000	SH		SOLE		11,000	0	0
HONEYWELL INTL INC	COM	438516106	505	5,050	SH		SOLE		5,050	0	0
INVESCO MORTGAGE CAPITAL INC	COM	46131B100	194	12,534	SH		SOLE		12,534	0	0
JOHNSON & JOHNSON	COM	478160104	230	2,200	SH		SOLE		2,200	0	0
KINDER MORGAN INC	COM	49456B101	4,325	102,216	SH		SOLE		102,216	0	0
KITE PHARMA INC	COM	49803L109	1,557	27,000	SH		SOLE		27,000	0	0
KKR & CO. LP	COM	48248M102	1,029	44,355	SH		SOLE		44,355	0	0
LEXINGTON REALTY TR	COM	529043101	5,111	465,450	SH		SOLE		465,450	0	0
LIBERTY INTERACTIVE CORPORATIO	COM	53071M104	546	18,544	SH		SOLE		18,544	0	0
LIBERTY MEDIA CORP CL. C	COM	531229300	246	7,028	SH		SOLE		7,028	0	0
LINC ENERGY	COM	Q5562Z103	168	300,000	SH		SOLE		300,000	0	0
LINN ENERGY	COM	536020100	122	12,000	SH		SOLE		12,000	0	0
MACYS	COM	55616P104	792	12,050	SH		SOLE		12,050	0	0
MEDLEY CAP	COM	58503F106	1,709	185,000	SH		SOLE		185,000	0	0
MEMORIAL PRODUCTION PARTNERS L	COM	586048100	2,267	155,400	SH		SOLE		155,400	0	0
MERCK & CO INC	COM	58933Y105	5,838	102,800	SH		SOLE		102,800	0	0
MGM MIRAGE	COM	552953101	321	15,000	SH		SOLE		15,000	0	0
MONITISE PLC	COM	G6258F105	22	55,000	SH		SOLE		55,000	0	0
MORGAN STANLEY	COM	617446448	388	10,000	SH		SOLE		10,000	0	0
MYLAN	COM	628530107	3,333	59,125	SH		SOLE		59,125	0	0
NEW MEDIA INVESTMENT GROUP INC	COM	64704V106	6,714	284,125	SH		SOLE		284,125	0	0
NEW SENIOR INVESTMENT GROUP IN	COM	648691103	605	36,766	SH		SOLE		36,766	0	0
NEW YORK COMMUNITY BANCORP	COM	649445103	6,540	408,750	SH		SOLE		408,750	0	0
NEWCASTLE INVESTMENT CORPORATI	COM	65105M603	161	35,766	SH		SOLE		35,766	0	0
NORDIC AMERICAN OFFSHORE LTD	COM	Y6366T112	645	52,500	SH		SOLE		52,500	0	0
NORTHSTAR ASSET MANAGEMENT GRO	COM	66705Y104	598	26,500	SH		SOLE		26,500	0	0
NORTHSTAR REALTY FINANCE	COM	66704R704	501	28,500	SH		SOLE		28,500	0	0
OPKO HEALTH INC COM	COM	68375N103	250	25,000	SH		SOLE		25,000	0	0
ORASURE TECHNOLOGIES	COM	68554V108	694	68,450	SH		SOLE		68,450	0	0
QEP MIDSTREAM PARTNERS LP	COM	74735R115	1,044	62,200	SH		SOLE		62,200	0	0
QEP RESOURCES	COM	74733V100	2,600	128,600	SH		SOLE		128,600	0	0
QUANTA SERVICES INC	COM	74762E102	2,186	77,000	SH		SOLE		77,000	0	0
RESOURCE CAPITAL	COM	76120W302	59	11,800	SH		SOLE		11,800	0	0
RR DONNELLEY & SONS CO	COM	257867101	403	24,000	SH		SOLE		24,000	0	0
SPDR GOLD TRUST	COM	78463V107	568	5,000	SH		SOLE		5,000	0	0
STAG INDUSTRIAL INC	COM	85254J102	875	35,700	SH		SOLE		35,700	0	0
STARWOOD PROPERTY TRUST INC	COM	85571B105	5,088	218,950	SH		SOLE		218,950	0	0
SYMANTEC	COM	871503108	1,856	72,350	SH		SOLE		72,350	0	0
TEVA PHARMACEUTICAL	COM	881624209	431	7,500	SH		SOLE		7,500	0	0
THL CREDIT INC	COM	872438106	1,279	108,800	SH		SOLE		108,800	0	0
ULTRALIFE BATTERIES	COM	903899102	96	30,600	SH		SOLE		30,600	0	0
VF CORP	COM	918204108	300	4,000	SH		SOLE		4,000	0	0
VIRGIN AMERICA INC	COM	92765X208	584	13,500	SH		SOLE		13,500	0	0
WALGREENS BOOT ALLIANCE INC	COM	931427108	6,616	86,825	SH		SOLE		86,825	0	0
WELLS FARGO	COM	949746101	1,040	18,975	SH		SOLE		18,975	0	0
WESTERN GAS PARTNERS	COM	958254104	4,018	55,000	SH		SOLE		55,000	0	0
WHITEWAVE FOODS COMPANY	COM	966244105	8,810	251,790	SH		SOLE		251,790	0	0
WYNN RESORTS	COM	983134107	3,154	21,200	SH		SOLE		21,200	0	0
YAHOO	COM	984332106	354	7,000	SH		SOLE		7,000	0	0
ALPHA NATURAL RESOURCES SR NT	CONV	02076XAA0	479	500,000	PRN		SOLE		500,000	0	0