First Foundation Advisors 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
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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
3M Co Com	COM	88579Y101	677	4,060	SH		SOLE		4,060	0	0
Abbott Laboratories	COM	002824100	571	13,657	SH		SOLE		8,407	0	5,250
AbbVie Inc.	COM	00287y109	929	16,269	SH		SOLE		11,419	0	4,850
Activision Blizzard Inc	COM	00507v109	290	8,579	SH		SOLE		8,579	0	0
Acuity Brands Inc	COM	00508Y102	239	1,096	SH		SOLE		961	0	135
Advance Auto Parts Inc	COM	00751y106	449	2,803	SH		SOLE		1,423	0	1,380
Alexander & Baldwin Inc	COM	014491104	788	21,493	SH		SOLE		21,493	0	0
Alexandria Real Est Pfd Conv Series D 7%	PFD CONV SER D	015271505	2,640	90,268	SH		SOLE		84,071	0	6,197
Alexandria Real Estate Equitie	COM	015271109	2,439	26,840	SH		SOLE		26,700	0	140
Alibaba Group Holding Inc	SPONSORED ADS	01609w102	333	4,210	SH		SOLE		4,210	0	0
Allergan PLC	SHS	g0177j108	4,773	17,806	SH		SOLE		17,625	0	181
Alphabet Inc Class A	CAP STK CL A	02079k305	1,507	1,975	SH		SOLE		1,416	0	559
Alphabet Inc Class C	CAP STK CL C	02079k107	21,266	28,547	SH		SOLE		24,468	0	4,079
Altria Group Inc	COM	02209S103	27,361	436,665	SH		SOLE		374,535	0	62,131
Amazon.com Inc	COM	023135106	676	1,138	SH		SOLE		1,137	0	1
American Electric Power Co Inc	COM	025537101	206	3,096	SH		SOLE		3,096	0	0
American Express Co	COM	025816109	977	15,918	SH		SOLE		15,627	0	291
Amgen Inc	COM	031162100	1,293	8,622	SH		SOLE		8,368	0	254
Anheuser-Busch InBev NV	SPONSORED ADR	03524A108	17,929	143,826	SH		SOLE		122,835	0	20,992
Aon plc	SHS CL A	G0408V102	1,985	19,009	SH		SOLE		19,009	0	0
Apple Inc	COM	037833100	8,871	81,391	SH		SOLE		73,380	0	8,011
Ares Dynamic Credit Allocation	COM	04014F102	2,131	159,264	SH		SOLE		153,483	0	5,781
AT&T Inc	COM	00206r102	878	22,425	SH		SOLE		19,526	0	2,899
Automatic Data Processing Inc	COM	053015103	411	4,586	SH		SOLE		4,286	0	300
Broadcom Ltd.	SHS	y09827109	1,060	6,864	SH		SOLE		6,864	0	0
Baker Hughes Inc	COM	057224107	228	5,200	SH		SOLE		5,200	0	0
Bank Amer Corp Wt Exp 10/28/2018 Strike 30.79	*W EXP 10/28/201	060505153	2	10,000	SH		SOLE		10,000	0	0
Bank of America Corp	COM	060505104	233	17,210	SH		SOLE		17,210	0	0
Bank of New York Mellon Co	COM	064058100	26,222	711,985	SH		SOLE		608,083	0	103,903
Berkshire Hathaway CL A	CL A	084670108	4,482	21	SH		SOLE		19	0	2
Berkshire Hathaway Inc Cl B	CL B NEW	084670702	42,988	302,985	SH		SOLE		214,960	0	88,025
Biogen Idec Inc	COM	09062x103	5,449	20,931	SH		SOLE		20,184	0	747
BioMarin Pharmaceutical Inc	COM	09061g101	384	4,650	SH		SOLE		4,650	0	0
Blackrock Build America Bond T	SHS	09248x100	2,411	104,868	SH		SOLE		100,855	0	4,013
BlackRock Core Bond Trust	SHS BEN INT	09249E101	3,825	285,691	SH		SOLE		273,368	0	12,323
BlackRock Credit Allocation In	COM	092508100	4,874	389,296	SH		SOLE		370,675	0	18,621
Blackrock Debt Strategies Fund	COM	09255R103	631	181,849	SH		SOLE		181,849	0	0
Blackrock Floating Rate Income	COM	09255x100	4,309	329,704	SH		SOLE		311,656	0	18,048
Blackrock Floating Rate Income	COM	091941104	166	12,908	SH		SOLE		12,908	0	0
BlackRock Inc Co	COM	09247X101	24,670	72,436	SH		SOLE		61,918	0	10,518
Blackrock Ltd Duration	COM SHS	09249w101	4,145	280,478	SH		SOLE		264,618	0	15,860
Blackrock Muniholdings CA Insu	COM	09254l107	887	56,261	SH		SOLE		43,955	0	12,306
Blackrock Target Trm Tr	COM SHS BEN IN	09257p105	1,115	48,609	SH		SOLE		42,950	0	5,659
Boeing Co	COM	097023105	1,568	12,350	SH		SOLE		12,328	0	22
Bofi Holding Inc	COM	05566u108	1,037	48,580	SH		SOLE		47,600	0	980
Bp Plc	SPONSORED ADR	055622104	296	9,813	SH		SOLE		9,813	0	0
Bristol Myers Squibb Co	COM	110122108	1,964	30,750	SH		SOLE		27,448	0	3,302
British American Tobacco PLC	SPONSORED ADR	110448107	17,430	149,092	SH		SOLE		130,285	0	18,807
Brown Forman Corp Class B With	CL B	115637209	1,887	19,163	SH		SOLE		17,757	0	1,406
California Resource Corporatio	COM	13057q107	13	12,697	SH		SOLE		10,678	0	2,019
Celgene Corp	COM	151020104	2,448	24,458	SH		SOLE		24,458	0	0
Charles Schwab Corp/The	COM	808513105	2,193	78,269	SH		SOLE		78,269	0	0
Chesapeake Lodging Trust	SH BEN INT	165240102	206	7,800	SH		SOLE		7,800	0	0
Chevron Corp	COM	166764100	2,072	21,724	SH		SOLE		21,068	0	656
Cigna Corp	COM	125509109	367	2,676	SH		SOLE		2,676	0	0
Cisco Systems Inc	COM	17275R102	1,780	62,513	SH		SOLE		46,710	0	15,803
Citi A Warrants Exp 01/04/19	*W EXP 01/04/201	172967226	2	18,985	SH		SOLE		18,985	0	0
Citigroup Inc	COM NEW	172967424	284	6,802	SH		SOLE		6,802	0	0
ClearBridge Energy MLP Fund In	COM	184692101	164	12,083	SH		SOLE		12,083	0	0
Coca Cola Inc	COM	191216100	4,240	91,405	SH		SOLE		91,388	0	17
Coca-Cola Enterprises Inc	COM	19122t109	1,528	30,114	SH		SOLE		30,000	0	114
Cohen & Steers Limited Duratio	COM	19248c105	8,474	369,067	SH		SOLE		355,651	0	13,416
Colgate-Palmolive Co	COM	194162103	566	8,012	SH		SOLE		8,012	0	0
Comcast Corp	CL A	20030n101	21,918	358,842	SH		SOLE		306,303	0	52,539
Comstock Mining Inc	COM	205750102	5	14,163	SH		SOLE		14,163	0	0
ConocoPhillips	COM	20825C104	235	5,833	SH		SOLE		5,448	0	385
Copart Inc	COM	217204106	509	12,475	SH		SOLE		5,965	0	6,510
Coresite Realty Corp	COM	21870q105	659	9,411	SH		SOLE		9,411	0	0
Costco Wholesale Corp	COM	22160k105	867	5,500	SH		SOLE		4,344	0	1,156
CVS Caremark Corp	COM	126650100	310	2,987	SH		SOLE		2,542	0	445
Cypress Semiconductor Corp	COM	232806109	101	11,613	SH		SOLE		11,613	0	0
Deckers Outdoor Corp	COM	243537107	262	4,368	SH		SOLE		2,086	0	2,282
Diageo PLC	SPON ADR NEW	25243Q205	30,807	285,594	SH		SOLE		243,267	0	42,328
Diana Containerships I Com	COM	y2069p101	6	10,000	SH		SOLE		10,000	0	0
Digital Realty Trust Inc	COM	253868103	430	4,861	SH		SOLE		4,861	0	0
Diversified Real Asset Income	COM SHS	25533B108	4,021	254,468	SH		SOLE		244,131	0	10,337
Dominion Resources Inc/VA	COM	25746U109	701	9,329	SH		SOLE		8,729	0	600
Doubleline Income Solutions Cl	COM	258622109	9,013	536,178	SH		SOLE		497,205	0	38,973
Doubleline Opportunistic Credi	COM	258623107	1,860	69,942	SH		SOLE		64,965	0	4,977
Dow Chemical Co/The	COM	260543103	13,443	264,320	SH		SOLE		123,473	0	140,847
DreamWorks Animation SKG Inc	CL A	26153c103	2,678	107,351	SH		SOLE		106,024	0	1,327
DuPont Fabros Technology, Inc.	COM	26613q106	226	5,579	SH		SOLE		5,579	0	0
Eaton Vance Limited Duration I	COM	27828h105	4,438	336,744	SH		SOLE		318,706	0	18,038
Eaton Vance National Muni	COM SHS	27829l105	1,540	69,028	SH		SOLE		56,760	0	12,268
Eaton Vance Short Duration	COM	27828V104	3,810	285,641	SH		SOLE		269,380	0	16,261
eBay Inc	COM	278642103	548	22,970	SH		SOLE		15,000	0	7,970
Ecolab Inc	COM	278865100	549	4,926	SH		SOLE		2,655	0	2,271
Edison International	COM	281020107	277	3,847	SH		SOLE		3,847	0	0
EI du Pont de Nemours & Co	COM	263534109	371	5,856	SH		SOLE		5,623	0	233
Eldorado Gold Corp	COM	284902103	36	11,330	SH		SOLE		11,330	0	0
Eli Lilly & Co	COM	532457108	687	9,546	SH		SOLE		9,191	0	355
Emerson Electric Co	COM	291011104	633	11,648	SH		SOLE		9,648	0	2,000
Enlink Midstream Partners LP	COM UNIT REP LTD	29336u107	176	14,620	SH		SOLE		12,620	0	2,000
Enterprise Prods Partners L P	COM	293792107	375	15,219	SH		SOLE		15,219	0	0
Express Scripts Holding Co	COM	30219g108	369	5,378	SH		SOLE		5,378	0	0
Exxon Mobil Corp	COM	30231G102	1,891	22,624	SH		SOLE		20,928	0	1,696
Facebook Inc	CL A	30303m102	1,384	12,130	SH		SOLE		8,282	0	3,848
FedEx Corp	COM	31428x106	715	4,396	SH		SOLE		3,996	0	400
Fidelity National Information	COM	31620m106	300	4,745	SH		SOLE		2,272	0	2,473
Fifth Street Finance Corp	COM	31678A103	75	15,000	SH		SOLE		15,000	0	0
FireEye Inc	COM	31816q101	287	15,945	SH		SOLE		15,945	0	0
Flaherty and Crumrine Dynamic	SHS	33848w106	1,471	62,493	SH		SOLE		55,887	0	6,606
Ford Motor Co	COM PAR $0.01	345370860	280	20,750	SH		SOLE		19,032	0	1,718
Fox Entertainment Group Inc	CL B	90130a200	2,027	71,870	SH		SOLE		71,870	0	0
Frontier Communications Corp	COM	35906a108	140	25,001	SH		SOLE		25,001	0	0
FTD Companies, Inc	COM	30281v108	3,331	126,894	SH		SOLE		124,707	0	2,187
General American Investors	COM	368802104	985	31,529	SH		SOLE		31,529	0	0
General Electric Co	COM	369604103	1,231	38,719	SH		SOLE		33,835	0	4,884
General Motors Co	COM	37045v100	558	17,764	SH		SOLE		17,764	0	0
Gilead Sciences Inc	COM	375558103	9,226	100,438	SH		SOLE		98,102	0	2,336
Glacier Bancorp Inc	COM	37637Q105	389	15,306	SH		SOLE		15,306	0	0
Gladstone Capital Corp	COM	376535100	95	12,701	SH		SOLE		12,701	0	0
GlaxoSmithKline PLC	SPONSORED ADR	37733W105	689	16,989	SH		SOLE		13,406	0	3,583
Global Net Lease, Inc.	COM	379378102	1,051	122,747	SH		SOLE		111,368	0	11,379
Goldman Sachs Group Inc	COM	38141G104	13,407	85,403	SH		SOLE		72,615	0	12,787
Gramercy Property Trust Inc	COM	385002100	27,510	3,255,604	SH		SOLE		2,738,590	0	517,014
Great AJAX Corp	COM	38983d300	1,333	119,163	SH		SOLE		115,664	0	3,499
Health Care Sector SPDR Index	SBI HEALTHCARE	81369y209	224	3,303	SH		SOLE		3,303	0	0
Home Depot Inc/The	COM	437076102	1,360	10,194	SH		SOLE		8,404	0	1,790
Honeywell International Inc	COM	438516106	344	3,072	SH		SOLE		2,872	0	200
Houghton Mifflin Harcourt Co	COM	44157r109	246	12,315	SH		SOLE		5,898	0	6,417
Hugoton Royalty Trust	UNIT BEN INT	444717102	30	22,000	SH		SOLE		22,000	0	0
Illinois Tool Works Inc	COM	452308109	476	4,642	SH		SOLE		4,642	0	0
Illumina Inc	COM	452327109	344	2,123	SH		SOLE		2,123	0	0
Intel Corp	COM	458140100	1,145	35,408	SH		SOLE		32,795	0	2,613
Intellipharmaceutics Internati	COM	458173101	202	98,600	SH		SOLE		98,600	0	0
International Business Machine	COM	459200101	17,519	115,674	SH		SOLE		96,587	0	19,086
Invesco Van Kampen CA Value Mu	COM	46132h106	248	17,881	SH		SOLE		17,881	0	0
ishares Core MSCI EAFE ETF	CORE MSCI EAFE	46432f842	463	8,709	SH		SOLE		7,912	0	797
iShares Core S&P Total US Stoc	CORE S&P TTL STL	464287150	6,037	64,661	SH		SOLE		60,089	0	4,572
iShares DJ Select Dividend Ind	SELECT DIVID ETF	464287168	1,054	12,900	SH		SOLE		12,350	0	550
iShares DJ US Healthcare Secto	US HLTHCARE ETF	464287762	327	2,330	SH		SOLE		2,330	0	0
iShares Floating Rate Note Fun	FLTG RATE BD ETF	46429b655	270	5,346	SH		SOLE		5,346	0	0
iShares iBonds Mar 2018 Corp	2018 CP TM ETF	46432faw7	270	2,620	SH		SOLE		2,620	0	0
iShares Iboxx High Yield Corpo	IBOX HI YD ETF	464288513	4,074	49,871	SH		SOLE		40,377	0	9,494
iShares MSCI Eafe Index Fund	MSCI EAFE ETF	464287465	4,078	71,350	SH		SOLE		69,996	0	1,354
iShares MSCI EAFE Minimum Vola	EAFE MIN VOL ETF	46429b689	389	5,861	SH		SOLE		5,861	0	0
iShares Russell 1000 Growth In	RUS 1000 GRW ETF	464287614	490	4,907	SH		SOLE		4,907	0	0
iShares Russell 1000 Index Fun	RUS 1000 ETF	464287622	325	2,853	SH		SOLE		2,853	0	0
iShares Russell 1000 Value Ind	RUS 1000 VAL ETF	464287598	393	3,980	SH		SOLE		3,980	0	0
iShares S&P 500 Index Fund	CORE S&P500 ETF	464287200	865	4,187	SH		SOLE		3,836	0	351
iShares S&P California Municip	CALI AMT-FRE ETF	464288356	305	2,553	SH		SOLE		2,553	0	0
iShares Short Maturity Municip	SHT MAT MUN ETF	46431w838	799	15,950	SH		SOLE		15,950	0	0
iShares Tr B-CA Rt Corp Bond	B CA RT CP ETF	46432f404	287	6,671	SH		SOLE		6,671	0	0
Javelin Mtg Invt Corp Com	COM	47200b104	72	10,000	SH		SOLE		10,000	0	0
JD.com Inc. - ADR	SPON ADR CL A	47215p106	265	10,000	SH		SOLE		10,000	0	0
Johnson & Johnson Com	COM	478160104	26,577	245,624	SH		SOLE		213,966	0	31,658
JPMorgan Chase & Co	COM	46625H100	712	12,019	SH		SOLE		10,830	0	1,189
Just Energy Group Inc Com	COM	48213w101	59	10,000	SH		SOLE		10,000	0	0
Kayne Anderson Mdstm Com	COM	48661e108	148	13,990	SH		SOLE		13,990	0	0
Kellogg Co	COM	487836108	606	7,920	SH		SOLE		3,787	0	4,133
Kraft Heinz Co.	COM	500754106	400	5,098	SH		SOLE		5,098	0	0
Las Vegas Sands Corp	COM	517834107	19,113	369,826	SH		SOLE		320,673	0	49,153
Lennar Corp	CL A	526057104	332	6,875	SH		SOLE		6,875	0	0
Leucadia National Corp	COM	527288104	1,217	75,253	SH		SOLE		74,271	0	982
Level 3 Communications Inc	COM NEW	52729n308	25,625	484,871	SH		SOLE		419,967	0	64,904
Lionbridge Technologies Inc	COM	536252109	82	16,197	SH		SOLE		16,197	0	0
Lions Gate Entertainment Corp	COM NEW	535919203	2,808	128,490	SH		SOLE		127,049	0	1,441
Live Nation Entertainment Inc	COM	538034109	14,747	661,020	SH		SOLE		583,828	0	77,192
Lockheed Martin Corp	COM	539830109	775	3,500	SH		SOLE		3,147	0	353
Macy's Inc	COM	55616p104	424	9,618	SH		SOLE		9,618	0	0
Madison Square Garden Co/The	CL A	55825t103	367	2,206	SH		SOLE		1,052	0	1,154
Magellan Midstream Partners LP	COM UNIT RP LP	559080106	447	6,500	SH		SOLE		6,500	0	0
Market Vectors Investment Grad	INVT GRD FL RT	57060u514	797	32,350	SH		SOLE		32,350	0	0
Market Vectors Short Municipal	MKTVEC SMUNETF	57060u803	801	45,450	SH		SOLE		45,450	0	0
McDonald's Corp	COM	580135101	1,287	10,237	SH		SOLE		9,520	0	717
Mead Johnson Nutrition Co	COM	582839106	1,998	23,515	SH		SOLE		22,025	0	1,490
Medtronic PLC	SHS	g5960l103	23,515	313,531	SH		SOLE		267,723	0	45,808
Merck & Co Inc New Com	COM	58933Y105	22,824	431,373	SH		SOLE		371,366	0	60,007
Microsoft Corp	COM	594918104	98,595	1,785,178	SH		SOLE		1,681,540	0	103,638
Mohawk Industries Inc	COM	608190104	295	1,547	SH		SOLE		1,547	0	0
Molson Coors Brewing Co	CL B	60871R209	393	4,086	SH		SOLE		1,948	0	2,138
Mondelez International Inc	CL A	609207105	29,981	747,276	SH		SOLE		638,705	0	108,572
Monogram Residential Trust, Inc.	COM	60979p105	126	12,789	SH		SOLE		12,789	0	0
Monsanto Co	COM	61166w101	10,755	122,580	SH		SOLE		105,269	0	17,311
Mylan Inc/PA	SHS EURO	n59465109	236	5,100	SH		SOLE		5,100	0	0
National Oilwell Varco Inc	COM	637071101	331	10,658	SH		SOLE		10,658	0	0
New Amererican High Income Fun	COM NEW	641876800	218	27,071	SH		SOLE		27,071	0	0
NextEra Energy Inc	COM	65339F101	292	2,466	SH		SOLE		2,466	0	0
Nielsen Holdings PLC	SHS EUR	g6518l108	15,240	289,403	SH		SOLE		244,732	0	44,671
NIKE Inc	CL B	654106103	202	3,286	SH		SOLE		2,286	0	1,000
Nordic American Tankers LTD	COM	g65773106	524	37,210	SH		SOLE		37,210	0	0
Norwegion Cruis Line Holdings	SHS	g66721104	397	7,177	SH		SOLE		3,435	0	3,742
Novartis AG	SPONSORED ADR	66987V109	1,567	21,633	SH		SOLE		21,206	0	426
Novatel Wireless Inc	COM NEW	66987m604	18	10,000	SH		SOLE		10,000	0	0
Nuveen Build America Bond Fund	COM	67074c103	5,832	270,107	SH		SOLE		258,112	0	11,995
Nuveen Build America Bond Oppo	COM	67074q102	677	31,461	SH		SOLE		30,957	0	504
Nuveen CA Muni Advantage Fd	COM	67066Y105	580	36,025	SH		SOLE		36,025	0	0
Nuveen CA Muni Value Fund	COM	67062C107	3,143	285,970	SH		SOLE		284,970	0	1,000
Nuveen CA Municipal Value Fund	COM	6706EB106	195	10,740	SH		SOLE		10,140	0	600
Nuveen Credit Strategies Incom	COM SHS	67073d102	9,414	1,190,083	SH		SOLE		1,099,387	0	90,696
Nuveen Dividend Advantage Muni	COM	67070F100	543	36,592	SH		SOLE		33,021	0	3,571
Nuveen Enhanced AMT-Free Muni	COM	67071l106	567	37,408	SH		SOLE		33,891	0	3,517
Nuveen Enhanced Municipal Cred	COM SH BEN INT	67070x101	566	37,819	SH	��	SOLE		34,266	0	3,553
Nuveen Floating Rate Income Op	COM SHS	6706EN100	167	16,923	SH		SOLE		16,923	0	0
Nuveen Global High Income Fund	SHS	67075g103	1,678	120,963	SH		SOLE		110,397	0	10,566
Nuveen Mun Opportunity Fd Inc	COM	670984103	541	36,777	SH		SOLE		33,189	0	3,588
Nuveen Muni Advtg Fund	COM	67062h106	569	39,682	SH		SOLE		35,984	0	3,698
Nuveen Preferred Income Opport	COM	67073b106	5,760	615,429	SH		SOLE		582,982	0	32,447
Nuveen Premium Income Municipa	COM	6706k4105	572	40,817	SH		SOLE		37,004	0	3,813
Nuveen Quality Income Municipa	COM	670977107	540	36,691	SH		SOLE		33,111	0	3,580
Nuveen Quality Municipal Fund	COM	67062n103	547	38,417	SH		SOLE		34,673	0	3,744
Nuveen Quality Preferred Incom	COM	67072C105	2,750	305,858	SH		SOLE		294,989	0	10,869
Oaktree Capital Group LLC	UNIT CL A	674001201	14,483	293,596	SH		SOLE		260,131	0	33,465
Occidental Petroleum Corp	COM	674599105	10,124	147,940	SH		SOLE		125,102	0	22,838
ONEOK Inc	COM	682680103	257	8,601	SH		SOLE		8,601	0	0
Oracle Corp	COM	68389X105	30,589	747,706	SH		SOLE		641,866	0	105,840
Outerwall Inc.	COM	690070107	277	7,480	SH		SOLE		7,480	0	0
PACCAR Inc	COM	693718108	219	4,000	SH		SOLE		4,000	0	0
Pacific Premier Bancorp Inc.	COM	69478x105	415	19,417	SH		SOLE		19,417	0	0
Palo Alto Networks Inc	COM	697435105	349	2,140	SH		SOLE		2,140	0	0
PayPal Holdings Inc	COM	70450y103	1,881	48,737	SH		SOLE		48,457	0	280
PCM Fund Inc	COM	69323T101	9,808	1,035,742	SH		SOLE		982,138	0	53,604
Penn West Petroleum Ltd	COM	707887105	43	46,000	SH		SOLE		46,000	0	0
PepsiCo Inc	COM	713448108	2,174	21,218	SH		SOLE		19,593	0	1,625
Pfizer Inc	COM	717081103	44,751	1,509,819	SH		SOLE		1,225,631	0	284,187
PG&E Corp	COM	69331c108	251	4,210	SH		SOLE		4,210	0	0
Philip Morris International In	COM	718172109	41,792	425,969	SH		SOLE		366,150	0	59,818
Phillips 66	COM	718546104	245	2,828	SH		SOLE		2,728	0	100
PICO Holdings Inc	COM NEW	693366205	9,419	920,683	SH		SOLE		872,557	0	48,126
Pimco CA Municipal Income Fund	COM	72201c109	151	12,884	SH		SOLE		12,884	0	0
Pimco Corporate Opportunity Fu	COM	72201b101	12,056	884,547	SH		SOLE		836,153	0	48,394
PIMCO Dynamic Credit Income Fu	COM SHS	72202d106	10,366	594,384	SH		SOLE		568,540	0	25,844
PIMCO Dynamic Income Fund	SHS	72201y101	7,040	270,232	SH		SOLE		247,998	0	22,234
Pimco Enhanced Short Maturity	ENHAN SHRT MA AC	72201r833	827	8,203	SH		SOLE		8,203	0	0
Pimco Income Strategy Fund	COM	72201H108	838	87,616	SH		SOLE		51,461	0	36,155
Pimco Income Strategy Fund II	COM	72201j104	9,330	1,066,230	SH		SOLE		1,017,526	0	48,704
Pimco Municipal Income Fund II	COM	72200w106	509	38,445	SH		SOLE		38,445	0	0
Pimco Municipal Income Fund II	COM	72201a103	590	48,723	SH		SOLE		23,979	0	24,744
PIMCO Total Return ETF	TTL RTN ACTV ETF	72201r775	266	2,525	SH		SOLE		2,525	0	0
Powershares Emerging Markets D	SOVEREIGN DEBT	73936T573	301	10,628	SH		SOLE		10,628	0	0
Powershares QQQ	UNIT SER 1	73935a104	505	4,629	SH		SOLE		4,329	0	300
Procter & Gamble Co	COM	742718109	1,772	21,533	SH		SOLE		16,579	0	4,954
Prospect Capital Corp	COM	74348T102	328	45,133	SH		SOLE		45,133	0	0
Prudential Financial Inc	COM	744320102	897	12,419	SH		SOLE		12,419	0	0
Public Storage	COM	74460d109	748	2,711	SH		SOLE		2,611	0	100
QTS Realty Trust Inc	COM CL A	74736a103	296	6,250	SH		SOLE		6,250	0	0
QUALCOMM Inc	COM	747525103	16,275	318,239	SH		SOLE		258,486	0	59,753
Raytheon Co	COM NEW	755111507	255	2,082	SH		SOLE		866	0	1,216
Realty Income Corp	COM	756109104	463	7,407	SH		SOLE		6,571	0	836
Republic Services Inc	COM	760759100	17,423	365,637	SH		SOLE		306,602	0	59,035
Retail Opportunity Investments	COM	76131n101	5,626	279,611	SH		SOLE		259,604	0	20,007
Rexford Industrial Realty Inc	COM	76169c100	46,016	2,533,922	SH		SOLE		2,016,867	0	517,055
RLI Corp	COM	749607107	271	4,051	SH		SOLE		4,051	0	0
Rockwell Automation Inc	COM	773903109	369	3,248	SH		SOLE		3,248	0	0
Rockwell Collins Inc	COM	774341101	445	4,825	SH		SOLE		4,825	0	0
Royal Dutch Shell PLC - ADR A	SPONS ADR A	780259206	310	6,394	SH		SOLE		6,394	0	0
Rubicon Minerals Corp	COM	780911103	1	14,000	SH		SOLE		14,000	0	0
Schlumberger Ltd	COM	806857108	1,246	16,890	SH		SOLE		16,007	0	883
Skyworks Solutions Inc	COM	83088m102	233	2,996	SH		SOLE		2,996	0	0
Source Capital Inc	COM	836144105	555	15,577	SH		SOLE		13,939	0	1,638
SPDR BarCap ST High Yield Bond	SHT TRM HGH YLD	78468r408	2,468	95,577	SH		SOLE		83,602	0	11,975
SPDR Barclays Capital Short Te	BARC SHT TR CP	78464A474	965	31,510	SH		SOLE		31,510	0	0
SPDR Gold Trust	GLD SHS	78463v107	565	4,803	SH		SOLE		4,803	0	0
SPDR Nuveen Barclays Capital S	NUVN BR SHT MUNI	78468r739	799	16,370	SH		SOLE		16,370	0	0
Spdr S&P 500 Etf Tr Tr Unit	TR UNIT	78462F103	6,833	33,247	SH		SOLE		30,815	0	2,432
SPDR S&P Dividend ETF	S&P DIVID ETF	78464A763	288	3,600	SH		SOLE		3,600	0	0
Spectra Energy Corp	COM	847560109	339	11,066	SH		SOLE		11,066	0	0
Staples Inc	COM	855030102	325	29,501	SH		SOLE		24,626	0	4,875
Starbucks Corp	COM	855244109	8,850	148,247	SH	��	SOLE		142,392	0	5,855
Starwood Property Trust Inc	COM	85571b105	17,382	918,222	SH		SOLE		808,165	0	110,057
Sunedison Inc	COM	86732y109	27	49,680	SH		SOLE		49,680	0	0
Sunstone Hotel Investors Inc	COM	867892101	270	19,280	SH		SOLE		19,280	0	0
Sysco Corp	COM	871829107	402	8,600	SH		SOLE		8,600	0	0
Tanzanian Royalty Exploration	COM	87600u104	26	117,371	SH		SOLE		117,371	0	0
Templeton Emerging Markets Inc	COM	880192109	1,326	128,990	SH		SOLE		124,384	0	4,606
Tesla Motors Inc	COM	88160r101	332	1,447	SH		SOLE		851	0	596
Teva Pharmaceutical Industries	ADR	881624209	5,366	100,285	SH		SOLE		93,865	0	6,420
Ticc Capital Corp Com	COM	87244T109	121	25,126	SH		SOLE		25,126	0	0
Time Warner Cable Inc	COM	88732J207	335	1,636	SH		SOLE		1,636	0	0
Time Warner Inc	COM NEW	887317303	1,470	20,255	SH		SOLE		18,434	0	1,821
TJX Cos Inc	COM	872540109	23,053	294,231	SH		SOLE		248,543	0	45,688
Toll Brothers Inc	COM	889478103	353	11,952	SH		SOLE		11,952	0	0
Total SA	SPONSORED ADR	89151E109	263	5,800	SH		SOLE		3,300	0	2,500
Travelers Cos Inc/The	COM	89417e109	363	3,106	SH		SOLE		2,406	0	700
Twenty First Centy Fox Cl A	CL A	90130a101	9,844	353,074	SH		SOLE		296,736	0	56,338
UCP Inc CL A	CL A	90265y106	2,061	256,383	SH		SOLE		252,024	0	4,359
Unilever NV	N Y SHS NEW	904784709	670	15,000	SH		SOLE		15,000	0	0
Union Pacific Corp	COM	907818108	413	5,194	SH		SOLE		3,092	0	2,102
United Parcel Service Inc	CL B	911312106	31,848	301,961	SH		SOLE		254,809	0	47,152
United Technologies Corp	COM	913017109	543	5,422	SH		SOLE		5,422	0	0
UnitedHealth Group Inc	COM	91324P102	1,250	9,700	SH		SOLE		9,700	0	0
Vanguard High Dividend Yield I	HIGH DIV YLD	921946406	259	3,755	SH		SOLE		3,755	0	0
Vanguard Mid Cap ETF	MID CAP ETF	922908629	2,611	21,536	SH		SOLE		21,536	0	0
Vanguard REIT ETF	REIT ETF	922908553	3,634	43,364	SH		SOLE		38,181	0	5,183
Vanguard S&P 500 ETF	S&P 500 ETF SHS	922908363	3,741	19,841	SH		SOLE		19,841	0	0
Vanguard S&P Small-Cap 600 ETF	SMLLCP 600 IDX	921932828	1,274	12,480	SH		SOLE		12,480	0	0
Vanguard Short Term Corporate	SHTRM GVT BD ETF	92206c409	299	3,741	SH		SOLE		3,741	0	0
Vereit, Inc.	COM	92339v100	62,918	7,093,363	SH		SOLE		5,922,309	0	1,171,054
Verizon Communications Inc	COM	92343v104	702	12,980	SH		SOLE		10,497	0	2,483
Walgreen Co	COM	931427108	607	7,200	SH		SOLE		6,800	0	400
Wal-Mart Stores Inc	COM	931142103	407	5,947	SH		SOLE		5,780	0	167
Walt Disney Co	COM DISNEY	254687106	15,912	160,227	SH		SOLE		135,696	0	24,530
Wells Fargo & Co	COM	949746101	28,166	582,430	SH		SOLE		497,215	0	85,215
Western Asset Emerging Markets	COM	95766a101	428	29,494	SH		SOLE		26,706	0	2,788
Western Asset Mtg Cap Com	COM	95790D105	111	11,000	SH		SOLE		11,000	0	0
WisdomTree Total Dividend Fund	TOTAL DIVID FD	97717w109	356	4,800	SH		SOLE		4,800	0	0
Wynn Resorts Ltd	COM	983134107	3,514	37,607	SH		SOLE		37,340	0	267
Yahoo! Inc	COM	984332106	372	10,106	SH		SOLE		10,106	0	0
Zoetis Inc.	CL A	98978v103	606	13,662	SH		SOLE		6,516	0	7,146