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	509	15,000	SH		SOLE		15,000	0	0
ALEXANDRIA REAL ESTATE EQ IN	COM	015271109	3,081	34,100	SH		SOLE		34,100	0	0
AMERICAN CAMPUS COMMUNITIES INC	COM	024835100	1,071	25,900	SH		SOLE		25,900	0	0
ANNALY CAPITAL MANAGEMENT INC	COM	035710409	422	45,000	SH		SOLE		45,000	0	0
APARTMENT INVT + MGMT CO	CL A	03748R101	1,151	28,745	SH		SOLE		28,745	0	0
ARMADA HOFFLER PROPERTIES IN	COM	04208T108	734	70,000	SH		SOLE		70,000	0	0
ASHFORD HOSPITALITY PRIME IN	COM	044102101	222	15,297	SH		SOLE		15,297	0	0
ASHFORD HOSPITALITY TRUST INC	COM SHS	044103109	663	105,000	SH		SOLE		105,000	0	0
ASHFORD HOSPITALITY TRUST INC	9% CUM PFD SER E	044103505	1,141	45,000	SH		SOLE		45,000	0	0
AVALONBAY COMMUNITIES INC	COM	053484101	4,948	26,875	SH		SOLE		26,875	0	0
BIOMED REALTY TRUST INC	COM	09063H107	1,540	65,000	SH		SOLE		65,000	0	0
BLACKROCK CR ALLCTN INC TR	COM	092508100	240	19,451	SH		SOLE		19,451	0	0
BLUEROCK RESIDENTIAL GROWTH REIT IN	COM CL A	09627J102	3,200	270,000	SH		SOLE		270,000	0	0
BOSTON PROPERTIES INC	COM	101121101	3,074	24,100	SH		SOLE		24,100	0	0
BRANDYWINE REALTY TRUST	SH BEN INT NEW	105368203	2,258	165,300	SH		SOLE		165,300	0	0
CAMDEN PROPERTY TRUST	SH BEN INT	133131102	384	5,000	SH		SOLE		5,000	0	0
CAMPUS CREST COMMUNITIES INC	COM	13466Y105	222	32,628	SH		SOLE		32,628	0	0
CBL + ASSOCIATES PROPERTIES INC	COM	124830100	1,039	84,000	SH		SOLE		84,000	0	0
CBRE GROUP INC	CL A	12504L109	345	10,000	SH		SOLE		10,000	0	0
CEDAR REALTY TRUST INC	COM NEW	150602209	734	103,627	SH		SOLE		103,627	0	0
CHATHAM LODGING TRUST	COM	16208T102	942	46,000	SH		SOLE		46,000	0	0
CHESAPEAKE LODGING TRUST	SH BEN INT	165240102	1,784	70,900	SH		SOLE		70,900	0	0
CITY OFFICE REIT INC	COM	178587101	1,217	99,900	SH		SOLE		99,900	0	0
COHEN + STEERS QUALITY RLTY	COM	19247L106	1,226	100,297	SH		SOLE		100,297	0	0
CONDOR HOSPITALITY TRUST INC	COM	20676Y106	26	21,160	SH		SOLE		21,160	0	0
CORPORATE OFFICE PROPERTIES TR	SH BEN INT	22002T108	1,495	68,500	SH		SOLE		68,500	0	0
CUBESMART	COM	229663109	459	15,000	SH		SOLE		15,000	0	0
CYRUSONE INC	COM	23283R100	562	15,000	SH		SOLE		15,000	0	0
DCT INDUSTRIAL TRUST INC	COM NEW	233153204	892	23,862	SH		SOLE		23,862	0	0
DDR CORP	COM	23317H102	1,044	62,000	SH		SOLE		62,000	0	0
DIAMONDROCK HOSPITALITY CO	COM	252784301	537	55,603	SH		SOLE		55,603	0	0
DIGITAL REALTY TRUST INC	COM	253868103	3,025	40,000	SH		SOLE		40,000	0	0
DOUGLAS EMMETT INC	COM	25960P109	1,226	39,322	SH		SOLE		39,322	0	0
DUKE REALTY CORP	COM NEW	264411505	969	46,100	SH		SOLE		46,100	0	0
DUPONT FABROS TECHNOLOGY INC	COM	26613Q106	652	20,500	SH		SOLE		20,500	0	0
EASTGROUP PROPERTY INC	COM	277276101	288	5,179	SH		SOLE		5,179	0	0
EATON VANCE ENHANCED EQUITY INC FD	COM	278277108	480	35,188	SH		SOLE		35,188	0	0
EPR PROPERTIES	COM SH BEN INT	26884U109	5,725	97,950	SH		SOLE		97,950	0	0
EPR PROPERTIES	CONV PFD 9% SR E	26884U307	505	16,400	SH		SOLE		16,400	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	6,446	79,000	SH		SOLE		79,000	0	0
ESSEX PROPERTY TRUST INC	COM	297178105	2,993	12,500	SH		SOLE		12,500	0	0
EXTRA SPACE STORAGE INC	COM	30225T102	441	5,000	SH		SOLE		5,000	0	0
FARMLAND PARTNERS INC	COM	31154R109	651	59,344	SH		SOLE		59,344	0	0
FELCOR LODGING TRUST INC	PFD CV A $1.95	31430F200	1,849	73,500	SH		SOLE		73,500	0	0
FELCOR LODGING TRUST INC	COM	31430F101	256	35,000	SH		SOLE		35,000	0	0
FIRST POTOMAC REALTY TRUST	COM	33610F109	1,121	98,364	SH		SOLE		98,364	0	0
FRANKLIN STREET PROPERTIES CORP	COM	35471R106	673	65,000	SH		SOLE		65,000	0	0
GENERAL GROWTH PROPERTIES INC NEW	COM	370023103	816	30,000	SH		SOLE		30,000	0	0
GLADSTONE COMMERCIAL CORP	COM	376536108	332	22,742	SH		SOLE		22,742	0	0
GRAMERCY PROPERTY TRUST	COM	385002100	1,428	185,044	SH		SOLE		185,044	0	0
HCP INC	COM	40414L109	4,839	126,530	SH		SOLE		126,530	0	0
HEALTHCARE REALTY TRUST	COM	421946104	1,441	50,897	SH		SOLE		50,897	0	0
HERSHA HOSPITALITY TRUST	PR SHS BEN INT	427825500	2,125	97,645	SH		SOLE		97,645	0	0
HIGHWOODS PROPERTIES INC	COM	431284108	2,180	50,000	SH		SOLE		50,000	0	0
HILTON WORLDWIDE HOLDINGS INC	COM	43300A104	428	20,000	SH		SOLE		20,000	0	0
HOST HOTELS + RESORTS INC	COM	44107P104	368	24,000	SH		SOLE		24,000	0	0
INDEPENDENCE REALTY TRUST INC	COM	45378A106	2,934	390,709	SH		SOLE		390,709	0	0
INLAND REAL ESTATE CORP	COM NEW	457461200	1,660	156,300	SH		SOLE		156,300	0	0
INVESTORS REAL ESTATE TRUST	SH BEN INT	461730103	437	62,810	SH		SOLE		62,810	0	0
KILROY REALTY CORP	COM	49427F108	1,810	28,600	SH		SOLE		28,600	0	0
KIMCO REALTY CORP	COM	49446R109	2,911	110,000	SH		SOLE		110,000	0	0
KITE REALTY GROUP TRUST	COM NEW	49803T300	1,040	40,125	SH		SOLE		40,125	0	0
LASALLE HOTEL PROPERTIES	COM SH BEN INT	517942108	252	10,000	SH		SOLE		10,000	0	0
LENNAR CORP	CL A	526057104	245	5,000	SH		SOLE		5,000	0	0
LEXINGTON REALTY TRUST	COM	529043101	2,712	339,058	SH		SOLE		339,058	0	0
LIBERTY PROPERTY TRUST	SH BEN INT	531172104	2,010	64,737	SH		SOLE		64,737	0	0
LTC PROPERTIES INC	COM	502175102	2,541	58,897	SH		SOLE		58,897	0	0
MACERICH CO	COM	554382101	2,297	28,470	SH		SOLE		28,470	0	0
MACK CALI REALTY CORP	COM	554489104	1,355	58,030	SH		SOLE		58,030	0	0
MEDICAL PROPERTIES TRUST INC	COM	58463J304	4,262	370,320	SH		SOLE		370,320	0	0
MID-AMERICA APARTMENT COMM INC	COM	59522J103	1,635	18,000	SH		SOLE		18,000	0	0
MONMOUTH REAL ESTATE INV CO	CL A	609720107	993	94,962	SH		SOLE		94,962	0	0
NATIONAL RETAIL PROPERTIES	COM	637417106	4,762	118,900	SH		SOLE		118,900	0	0
NATL HEALTH INVESTORS INC	COM	63633D104	3,589	58,958	SH		SOLE		58,958	0	0
NORTHSTAR REALTY FINANCE	COM	66704R803	511	30,000	SH		SOLE		30,000	0	0
NUVEEN REAL ESTATE INCOME FUND	COM	67071B108	177	16,661	SH		SOLE		16,661	0	0
OMEGA HEALTHCARE INVESTORS	COM	681936100	836	23,898	SH		SOLE		23,898	0	0
ONE LIBERTY PROPERTIES INC	COM	682406103	431	20,071	SH		SOLE		20,071	0	0
PEAK RESORTS INC	COM	70469L100	8	1,346	SH		SOLE		1,346	0	0
PEBBLEBROOK HOTEL TRUST	COM	70509V100	1,208	43,100	SH		SOLE		43,100	0	0
PENN REAL ESTATE INVEST TST	SH BEN INT	709102107	2,791	127,628	SH		SOLE		127,628	0	0
PHYSICIANS REALTY TRUST	COM	71943U104	2,273	134,791	SH		SOLE		134,791	0	0
POST PROPERTIES INC	COM	737464107	864	14,600	SH		SOLE		14,600	0	0
PROLOGIS INC	COM	74340W103	2,107	49,088	SH		SOLE		49,088	0	0
PUBLIC STORAGE	COM	74460D109	3,319	13,400	SH		SOLE		13,400	0	0
QTS REALTY TRUST INC	COM CLA	74736A103	451	10,000	SH		SOLE		10,000	0	0
RAIT FINANCIAL TRUST	COM NEW	749227609	482	178,419	SH		SOLE		178,419	0	0
REALTY INCOME CORP	COM	756109104	2,679	51,900	SH		SOLE		51,900	0	0
REGENCY CENTERS CORP	COM	758849103	409	6,000	SH		SOLE		6,000	0	0
REXFORD INDUSTRIAL REALTY INC	COM	76169C100	327	20,000	SH		SOLE		20,000	0	0
RLJ LODGING TRUST	COM	74965L101	906	41,900	SH		SOLE		41,900	0	0
SABRA HEALTH CARE REIT INC	COM	78573L106	1,765	87,254	SH		SOLE		87,254	0	0
SIMON PROPERTY GROUP INC NEW	COM	828806109	7,471	38,427	SH		SOLE		38,427	0	0
SL GREEN REALTY CORP	COM	78440X101	2,587	22,900	SH		SOLE		22,900	0	0
SOVRAN SELF STORAGE INC	COM	84610H108	805	7,500	SH		SOLE		7,500	0	0
STAG INDUSTRIAL INC	COM	85254J102	3,038	164,693	SH		SOLE		164,693	0	0
STARWOOD HOTELS + RESORTS WRLD	COM	85590A401	693	10,000	SH		SOLE		10,000	0	0
STORE CAPITAL CORP	COM	862121100	232	10,000	SH		SOLE		10,000	0	0
SUMMIT HOTEL PROPERTIES INC	COM	866082100	1,173	98,203	SH		SOLE		98,203	0	0
SUN COMMUNITIES INC	COM	866674104	4,993	72,856	SH		SOLE		72,856	0	0
SUNSTONE HOTEL INVESTORS INC NEW	CV 8% CUM PFD-D	867892507	2,754	108,739	SH		SOLE		108,739	0	0
UDR INC	COM	902653104	1,465	39,000	SH		SOLE		39,000	0	0
UMH PROPERTIES INC	CV RED PFD-A	903002202	964	37,500	SH		SOLE		37,500	0	0
UMH PROPERTIES INC	COM	903002103	1,629	160,979	SH		SOLE		160,979	0	0
URSTADT BIDDLE PROPERTIES	CL A	917286205	74	3,831	SH		SOLE		3,831	0	0
VENTAS INC	COM	92276F100	5,078	90,000	SH		SOLE		90,000	0	0
VEREIT INC	COM	92339V100	1,732	218,716	SH		SOLE		218,716	0	0
VORNADO REALTY TRUST	SH BEN INT	929042109	4,782	47,835	SH		SOLE		47,835	0	0
WASHINGTON REIT	SH BEN INT	939653101	757	28,000	SH		SOLE		28,000	0	0
WEINGARTEN REALTY INVESTORS	SH BEN INT	948741103	2,645	76,500	SH		SOLE		76,500	0	0
WELLTOWER INC	COM	95040Q104	1,986	29,200	SH		SOLE		29,200	0	0
WHITESTONE REIT	COM	966084204	1,063	88,502	SH		SOLE		88,502	0	0
WP GLIMCHER INC	COM	92939N102	1,689	159,148	SH		SOLE		159,148	0	0