RMR 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
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
AGREE REALTY CORP	COM	008492100	292	10,000	SH		SOLE		10,000	0	0
ALEXANDRIA REAL ESTATE EQ IN	COM	015271109	2,982	34,100	SH		SOLE		34,100	0	0
AMERICAN CAMPUS COMMUNITIES INC	COM	024835100	976	25,900	SH		SOLE		25,900	0	0
AMERICAN REALTY CAPITAL PROP INC	COM	02917T104	1,778	218,716	SH		SOLE		218,716	0	0
ANNALY CAPITAL MANAGEMENT INC	COM	035710409	781	85,000	SH		SOLE		85,000	0	0
APARTMENT INVT + MGMT CO	CL A	03748R101	1,062	28,745	SH		SOLE		28,745	0	0
ARMOUR RESIDENTIAL REIT INC	COM	042315101	759	270,000	SH		SOLE		270,000	0	0
ASHFORD HOSPITALITY PRIME IN	COM	044102101	165	11,000	SH		SOLE		11,000	0	0
ASHFORD HOSPITALITY TRUST INC	COM SHS	044103109	888	105,000	SH		SOLE		105,000	0	0
ASHFORD HOSPITALITY TRUST INC	9% CUM PFD SER E	044103505	1,185	45,000	SH		SOLE		45,000	0	0
ASSOCIATED ESTATES REALTY CORP	COM	045604105	3,614	126,231	SH		SOLE		126,231	0	0
AVALONBAY COMMUNITIES INC	COM	053484101	4,297	26,875	SH		SOLE		26,875	0	0
BEAZER HOMES USA INC	COM NEW	07556Q881	140	7,000	SH		SOLE		7,000	0	0
BIOMED REALTY TRUST INC	COM	09063H107	1,257	65,000	SH		SOLE		65,000	0	0
BLACKROCK CREDIT ALL INC TR	COM	092508100	246	19,451	SH		SOLE		19,451	0	0
BLUEROCK RESIDENTIAL GROWTH REIT IN	COM CL A	09627J102	3,418	270,000	SH		SOLE		270,000	0	0
BOSTON PROPERTIES INC	COM	101121101	2,917	24,100	SH		SOLE		24,100	0	0
BRANDYWINE REALTY TRUST	SH BEN INT NEW	105368203	2,195	165,300	SH		SOLE		165,300	0	0
CAMDEN PROPERTY TRUST	SH BEN INT	133131102	371	5,000	SH		SOLE		5,000	0	0
CAMPUS CREST COMMUNITIES INC	COM	13466Y105	181	32,628	SH		SOLE		32,628	0	0
CBL + ASSOCIATES PROPERTIES INC	COM	124830100	1,361	84,000	SH		SOLE		84,000	0	0
CEDAR REALTY TRUST INC	COM New	150602209	663	103,627	SH		SOLE		103,627	0	0
CHAMBERS STREET PROPERTIES	COM	157842105	1,154	145,172	SH		SOLE		145,172	0	0
CHATHAM LODGING TRUST	COM	16208T102	1,218	46,000	SH		SOLE		46,000	0	0
CHESAPEAKE LODGING TRUST	SH BEN INT	165240102	2,161	70,900	SH		SOLE		70,900	0	0
CITY OFFICE REIT INC	COM	178587101	1,239	99,900	SH		SOLE		99,900	0	0
COHEN + STEERS QUALITY RLTY	COM	19247L106	1,072	100,297	SH		SOLE		100,297	0	0
CORPORATE OFFICE PROPERTIES TR	SH BEN INT	22002T108	1,612	68,500	SH		SOLE		68,500	0	0
CUBESMART	COM	229663109	347	15,000	SH		SOLE		15,000	0	0
CYRUSONE INC	COM	23283R100	442	15,000	SH		SOLE		15,000	0	0
DCT INDUSTRIAL TRUST INC	COM NEW	233153204	750	23,862	SH		SOLE		23,862	0	0
DDR CORP	COM	23317H102	959	62,000	SH		SOLE		62,000	0	0
DIAMONDROCK HOSPITALITY CO	COM	252784301	712	55,603	SH		SOLE		55,603	0	0
DIGITAL REALTY TRUST INC	COM	253868103	2,400	36,000	SH		SOLE		36,000	0	0
DOUGLAS EMMETT INC	COM	25960P109	1,059	39,322	SH		SOLE		39,322	0	0
DUKE REALTY CORP	COM NEW	264411505	856	46,100	SH		SOLE		46,100	0	0
DUPONT FABROS TECHNOLOGY INC	COM	26613Q106	604	20,500	SH		SOLE		20,500	0	0
EASTGROUP PROPERTY INC	COM	277276101	291	5,179	SH		SOLE		5,179	0	0
EATON VANCE ENHANCED EQUITY INC FD	COM	278277108	489	35,188	SH		SOLE		35,188	0	0
EPR PROPERTIES	COM SH BEN INT	26884U109	5,366	97,950	SH		SOLE		97,950	0	0
EPR PROPERTIES	CONV PFD 9% SR E	26884U307	533	16,400	SH		SOLE		16,400	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	5,193	74,000	SH		SOLE		74,000	0	0
ESSEX PROPERTY TRUST INC	COM	297178105	2,231	10,500	SH		SOLE		10,500	0	0
EXTRA SPACE STORAGE INC	COM	30225T102	326	5,000	SH		SOLE		5,000	0	0
FARMLAND PARTNERS INC	COM	31154R109	536	45,000	SH		SOLE		45,000	0	0
FELCOR LODGING TRUST INC	PFD CV A $1.95	31430F200	1,813	73,500	SH		SOLE		73,500	0	0
FELCOR LODGING TRUST INC	COM	31430F101	148	15,000	SH		SOLE		15,000	0	0
FIRST POTOMAC REALTY TRUST	COM	33610F109	1,013	98,364	SH		SOLE		98,364	0	0
FRANKLIN STREET PROPERTIES CORP	COM	35471R106	452	40,000	SH		SOLE		40,000	0	0
GENERAL GROWTH PROPERTIES INC NEW	COM	370023103	513	20,000	SH		SOLE		20,000	0	0
GETTY REALTY CORP NEW	COM	374297109	360	22,000	SH		SOLE		22,000	0	0
GLADSTONE COMMERCIAL CORP	COM	376536108	377	22,742	SH		SOLE		22,742	0	0
GRAMERCY PROPERTY TRUST INC	COM NEW	38489R605	292	12,500	SH		SOLE		12,500	0	0
HCP INC	COM	40414L109	4,615	126,530	SH		SOLE		126,530	0	0
HEALTH CARE REIT INC	COM	42217K106	1,916	29,200	SH		SOLE		29,200	0	0
HEALTHCARE REALTY TRUST	COM	421946104	1,184	50,897	SH		SOLE		50,897	0	0
HERSHA HOSPITALITY TRUST	PR SHS BEN INT	427825500	2,504	97,646	SH		SOLE		97,646	0	0
HIGHWOODS PROPERTIES INC	COM	431284108	1,998	50,000	SH		SOLE		50,000	0	0
HILTON WORLDWIDE HOLDINGS INC	COM	43300A104	276	10,000	SH		SOLE		10,000	0	0
HOME PROPERTIES INC	COM	437306103	862	11,800	SH		SOLE		11,800	0	0
HOST HOTELS + RESORTS INC	COM	44107P104	476	24,000	SH		SOLE		24,000	0	0
INDEPENDENCE REALTY TRUST INC	COM	45378A106	2,942	390,709	SH		SOLE		390,709	0	0
INLAND REAL ESTATE CORP	COM NEW	457461200	1,472	156,300	SH		SOLE		156,300	0	0
INVESTORS REAL ESTATE TRUST	SH BEN INT	461730103	448	62,810	SH		SOLE		62,810	0	0
KILROY REALTY CORP	COM	49427F108	1,920	28,600	SH		SOLE		28,600	0	0
KIMCO REALTY CORP	COM	49446R109	2,479	110,000	SH		SOLE		110,000	0	0
KITE REALTY GROUP TRUST	COM NEW	49803T300	982	40,125	SH		SOLE		40,125	0	0
LASALLE HOTEL PROPERTIES	COM SH BEN INT	517942108	355	10,000	SH		SOLE		10,000	0	0
LEXINGTON REALTY TRUST	COM	529043101	2,875	339,058	SH		SOLE		339,058	0	0
LIBERTY PROPERTY TRUST	SH BEN INT	531172104	2,086	64,737	SH		SOLE		64,737	0	0
LTC PROPERTIES INC	COM	502175102	2,450	58,897	SH		SOLE		58,897	0	0
MACERICH CO	COM	554382101	2,124	28,470	SH		SOLE		28,470	0	0
MACK CALI REALTY CORP	COM	554489104	1,069	58,030	SH		SOLE		58,030	0	0
MEDICAL PROPERTIES TRUST INC	COM	58463J304	4,855	370,320	SH		SOLE		370,320	0	0
MID.AMERICA APARTMENT COMM INC	COM	59522J103	1,311	18,000	SH		SOLE		18,000	0	0
MONMOUTH REAL ESTATE INV CO	CL A	609720107	719	73,962	SH		SOLE		73,962	0	0
NATIONAL RETAIL PROPERTIES	COM	637417106	4,163	118,900	SH		SOLE		118,900	0	0
NATL HEALTH INVESTORS INC	COM	63633D104	3,673	58,958	SH		SOLE		58,958	0	0
NORTHSTAR REALTY FINANCE	COM NEW	66704R704	636	40,000	SH		SOLE		40,000	0	0
NUVEEN REAL ESTATE INCOME FUND	COM	67071B108	131	12,861	SH		SOLE		12,861	0	0
OMEGA HEALTHCARE INVESTORS	COM	681936100	820	23,898	SH		SOLE		23,898	0	0
ONE LIBERTY PROPERTIES INC	COM	682406103	427	20,071	SH		SOLE		20,071	0	0
PEAK RESORTS INC	COM	70469L100	358	50,000	SH		SOLE		50,000	0	0
PEBBLEBROOK HOTEL TRUST	COM	70509V100	1,848	43,100	SH		SOLE		43,100	0	0
PENN REAL ESTATE INVEST TST	SH BEN INT	709102107	2,724	127,628	SH		SOLE		127,628	0	0
PHYSICIANS REALTY TRUST	COM	71943U104	2,181	141,990	SH		SOLE		141,990	0	0
POST PROPERTIES INC	COM	737464107	794	14,600	SH		SOLE		14,600	0	0
PROLOGIS INC	COM	74340W103	1,821	49,088	SH		SOLE		49,088	0	0
PUBLIC STORAGE	COM	74460D109	2,102	11,400	SH		SOLE		11,400	0	0
QTS REALTY TRUST INC CL A	CL A	74736A103	182	5,000	SH		SOLE		5,000	0	0
RAIT FINANCIAL TRUST	COM NEW	749227609	632	103,419	SH		SOLE		103,419	0	0
REALTY INCOME CORP	COM	756109104	1,860	41,900	SH		SOLE		41,900	0	0
REXFORD INDUSTRIAL REALTY INC	COM	76169C100	146	10,000	SH		SOLE		10,000	0	0
RLJ LODGING TRUST	COM	74965L101	1,248	41,900	SH		SOLE		41,900	0	0
SABRA HEALTH CARE REIT INC	COM	78573L106	1,989	77,254	SH		SOLE		77,254	0	0
SIMON PROPERTY GROUP INC NEW	COM	828806109	5,697	32,927	SH		SOLE		32,927	0	0
SL GREEN REALTY CORP	COM	78440X101	2,516	22,900	SH		SOLE		22,900	0	0
SOVRAN SELF STORAGE INC	COM	84610H108	652	7,500	SH		SOLE		7,500	0	0
STAG INDUSTRIAL INC	COM	85254J102	3,294	164,693	SH		SOLE		164,693	0	0
STARWOOD HOTELS + RESORTS WRLD	COM	85590A401	405	5,000	SH		SOLE		5,000	0	0
STORE CAPITAL CORP	COM	862121100	201	10,000	SH		SOLE		10,000	0	0
SUMMIT HOTEL PROPERTIES INC	COM	866082100	1,278	98,203	SH		SOLE		98,203	0	0
SUN COMMUNITIES INC	COM	866674104	4,196	67,856	SH		SOLE		67,856	0	0
SUNSTONE HOTEL INVESTORS INC	CV 8% CUM PFD-D	867892507	2,860	108,739	SH		SOLE		108,739	0	0
SUPERTEL HOSPITALITY INC NEW	COM	86852R108	49	21,160	SH		SOLE		21,160	0	0
UDR INC	COM	902653104	1,249	39,000	SH		SOLE		39,000	0	0
UMH PROPERTIES INC	CV RED PFD-A	903002202	979	37,500	SH		SOLE		37,500	0	0
UMH PROPERTIES INC	COM	903002103	1,578	160,979	SH		SOLE		160,979	0	0
URSTADT BIDDLE PROPERTIES	CL A	917286205	72	3,831	SH		SOLE		3,831	0	0
VENTAS INC	COM	92276F100	5,122	82,500	SH		SOLE		82,500	0	0
VORNADO REALTY TRUST	SH BEN INT	929042109	4,541	47,835	SH		SOLE		47,835	0	0
WASHINGTON REIT	SH BEN INT	939653101	727	28,000	SH		SOLE		28,000	0	0
WEINGARTEN REALTY INVESTORS	SH BEN INT	948741103	2,500	76,500	SH		SOLE		76,500	0	0
WHITESTONE REIT	COM	966084204	1,152	88,502	SH		SOLE		88,502	0	0
WP GLIMCHER INC	COM	92939N102	1,747	129,148	SH		SOLE		129,148	0	0