Heitman Real Estate Securities 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

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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
Acadia Realty Trust	COM SH BEN INT	004239109	3,801	104,877	SH		DFND	3, 4, 5	104,877	0	0
Agree Realty Corp	COM	008492100	10,129	204,876	SH		DFND	3, 4, 5	126,323	0	78,553
Alexandria Real Estate Equities	COM	015271109	3,969	36,489	SH		DFND	3, 4, 5	36,489	0	0
American Homes 4 Rent	CL A	02665T306	34,733	1,605,025	SH		DFND	3, 4, 5	1,317,334	0	287,691
Apartment Invt & Mgmt Co	PFD CL A 6.875%	03748R762	23,016	817,621	SH		DFND	3, 4, 5	817,621	0	0
Apartment Invt & Mgmt Co	CL A	03748R101	18,609	405,330	SH		DFND	3, 4, 5	297,846	0	107,484
Apple Hospitality REIT Inc	COM NEW	03784Y200	21,927	1,184,590	SH		DFND	3, 4, 5	995,010	0	189,580
Avalonbay Communities, Inc.	COM	053484101	91,428	514,103	SH		DFND	3, 4, 5	431,263	0	82,840
Boston Properties, Inc.	COM	101121101	31,998	234,778	SH		DFND	3, 4, 5	177,217	0	57,561
Camden Property Trust	SH BEN INT	133131102	31,183	372,380	SH		DFND	2, 3, 4, 5	314,790	0	57,590
Caretrust REIT Inc	COM	14174T107	26,622	1,801,194	SH		DFND	2, 3, 4, 5	1,520,297	0	280,897
Cedar Realty Trust Inc	COM NEW	150602209	24,364	3,383,890	SH		DFND	2, 3, 4, 5	2,894,524	0	489,366
Chesapeake Lodging Trust	SH BEN INT	165240102	3,949	172,441	SH		DFND	1, 3, 4, 5	172,441	0	0
Cubesmart	COM	229663109	20,283	744,069	SH		DFND	3, 4, 5	571,489	0	172,580
Cyrusone Inc	COM	23283R100	55,343	1,163,403	SH		DFND	2, 3, 4, 5	926,384	0	237,019
DCT Industrial Trust Inc	COM	233153204	24,324	501,000	SH		DFND	3, 4, 5	370,660	0	130,340
DiamondRock Hospitality Compan	COM	252784301	12,453	1,368,437	SH		DFND	3, 4, 5	1,049,970	0	318,467
Douglas Emmett, Inc.	COM	25960P109	3,708	101,216	SH		DFND	3, 4, 5	101,216	0	0
Duke Realty Corporation	COM NEW	264411505	645	23,606	SH		DFND	3, 4, 5	0	0	23,606
Education Realty Trust	COM NEW	28140H203	17,172	398,047	SH		DFND	3, 4, 5	302,665	0	95,382
Empire State Realty Trust Inc	CL A	292104106	3,700	176,634	SH		DFND	3, 4, 5	176,634	0	0
Equinix Inc	COM PAR $0.001	29444U700	39,370	109,286	SH		DFND	3, 4, 5	68,075	0	41,211
Equity One	COM	294752100	22,047	720,240	SH		DFND	3, 4, 5	531,024	0	189,216
Equity Residential	SH BEN INT	29476L107	18,014	280,028	SH		DFND	3, 4, 5	215,090	0	64,938
Essex Property Trust Inc.	COM	297178105	64,529	289,757	SH		DFND	1, 2, 3, 4, 5	242,817	0	46,940
Federal Realty Investment Trust	SH BEN INT NEW	313747206	62,346	405,031	SH		DFND	1, 2, 3, 4, 5	339,700	0	65,331
Forest City Realty Trust Inc.	COM CL A	345605109	3,726	161,087	SH		DFND	3, 4, 5	161,087	0	0
Four Corners Property Trust Inc.	COM	35086T109	29,223	1,370,022	SH		DFND	2, 3, 4, 5	957,007	0	413,015
General Growth Properties, Inc	COM	370023103	68,467	2,480,701	SH		DFND	1, 2, 3, 4, 5	2,090,496	0	390,205
Gramercy Property Trust	COM	385002100	41,741	4,329,947	SH		DFND	2, 3, 4, 5	3,037,982	0	1,291,965
Healthcare Realty Trust	COM	421946104	18,305	537,440	SH		DFND	3, 4, 5	394,430	0	143,010
Hudson Pacific Properties Inc.	COM	444097109	3,731	113,493	SH		DFND	3, 4, 5	113,493	0	0
Interxion Holdings NV	SHS	N47279109	18,680	515,726	SH		DFND	2, 3, 4, 5	506,074	0	9,652
LaSalle Hotel Properties	COM SH BEN INT	517942108	3,397	142,329	SH		DFND	3, 4, 5	142,329	0	0
Liberty Property Trust	SH BEN INT	531172104	39,908	989,050	SH		DFND	2, 3, 4, 5	821,870	0	167,180
Macerich Company	COM	554382101	3,836	47,428	SH		DFND	3, 4, 5	47,428	0	0
Mack Cali Realty Corporation	COM	554489104	38,148	1,401,487	SH		DFND	2, 3, 4, 5	1,151,921	0	249,566
New York REIT Inc	COM	64976L109	23,597	2,578,957	SH		DFND	1, 2, 3, 4, 5	2,250,757	0	328,200
Paramount Group Inc	COM	69924R108	3,569	217,760	SH		DFND	3, 4, 5	217,760	0	0
Pebblebrook Hotel Trust	COM	70509V100	17,207	646,891	SH		DFND	2, 3, 4, 5	545,341	0	101,550
Pennsylvania REIT	SH BEN INT	709102107	30,172	1,310,096	SH		DFND	2, 3, 4, 5	1,091,910	0	218,186
Physicians Realty Trust	COM	71943U104	36,685	1,703,117	SH		DFND	2, 3, 4, 5	1,457,681	0	245,436
Post Properties Inc.	COM	737464107	17,299	261,590	SH		DFND	3, 4, 5	196,820	0	64,770
Prologis Inc.	COM	74340W103	86,302	1,611,910	SH		DFND	2, 3, 4, 5	1,307,243	0	304,667
Public Storage, Inc.	COM	74460D109	77,279	346,323	SH		DFND	2, 3, 4, 5	288,006	0	58,317
Retail Properties of America Inc.	CL A	76131V202	55,075	3,278,269	SH		DFND	2, 3, 4, 5	2,684,950	0	593,319
Rexford Industrial Realty Inc	COM	76169C100	18,601	812,616	SH		DFND	1, 3, 4, 5	655,184	0	157,432
Simon Property Group, Inc.	COM	828806109	102,676	495,993	SH		DFND	2, 3, 4, 5	399,514	0	96,479
SL Green Realty Corp	COM	78440X101	55,495	513,367	SH		DFND	1, 2, 3, 4, 5	430,857	0	82,510
Store Capital Corp	COM	862121100	20,012	679,080	SH		DFND	2, 3, 4, 5	502,100	0	176,980
Summit Hotel Properties	COM	866082100	7,811	593,530	SH		DFND	3, 4, 5	449,620	0	143,910
Sunstone Hotel Investors Inc.	COM	867892101	28,384	2,219,211	SH		DFND	2, 3, 4, 5	1,840,118	0	379,093
Taubman Centers, Inc.	COM	876664103	21,771	292,578	SH		DFND	3, 4, 5	234,878	0	57,700
Terreno Realty Corp	COM	88146M101	3,807	138,377	SH		DFND	3, 4, 5	138,377	0	0
Ventas Inc.	COM	92276F100	18,429	260,930	SH		DFND	3, 4, 5	195,620	0	65,310
Vornado Realty Trust	SH BEN INT	929042109	83,230	822,353	SH		DFND	1, 2, 3, 4, 5	698,334	0	124,019
Welltower Inc	COM	95040Q104	111,452	1,490,593	SH		DFND	2, 3, 4, 5	1,190,669	0	299,924