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
ACADIA REALTY TRUST	COM SH BEN INT	004239109	544	15,000	SH		SOLE		15,000	0	0
AGREE REALTY CORP	COM	008492100	742	15,000	SH		SOLE		15,000	0	0
ALEXANDRIA REAL ESTATE EQ IN	COM	015271109	3,818	35,100	SH		SOLE		35,100	0	0
AMERICAN CAMPUS COMMUNITIES INC	COM	024835100	1,368	26,900	SH		SOLE		26,900	0	0
ANNALY CAPITAL MANAGEMENT INC	COM	035710409	473	45,000	SH		SOLE		45,000	0	0
APARTMENT INVT + MGMT CO	CL A	03748R101	1,779	38,745	SH		SOLE		38,745	0	0
ARMADA HOFFLER PROPERTIES INC	COM	04208T108	937	70,000	SH		SOLE		70,000	0	0
ASHFORD HOSPITALITY PRIME Inc	COM	044102101	230	16,297	SH		SOLE		16,297	0	0
ASHFORD HOSPITALITY TRUST INC	COM SHS	044103109	617	105,000	SH		SOLE		105,000	0	0
AVALONBAY COMMUNITIES INC	COM	053484101	5,134	28,875	SH		SOLE		28,875	0	0
BLACKROCK CR ALLCTN INC TR	COM	092508100	260	19,451	SH		SOLE		19,451	0	0
BLUEROCK RESIDENTIAL GROWTH REIT IN	COM CL A	09627J102	3,510	270,000	SH		SOLE		270,000	0	0
BOSTON PROPERTIES INC	COM	101121101	3,284	24,100	SH		SOLE		24,100	0	0
BRANDYWINE REALTY TRUST	SH BEN INT NEW	105368203	2,582	165,300	SH		SOLE		165,300	0	0
CAMDEN PROPERTY TRUST	SH BEN INT	133131102	419	5,000	SH		SOLE		5,000	0	0
CBL + ASSOCIATES PROPERTIES INC	COM	124830100	1,020	84,000	SH		SOLE		84,000	0	0
CBRE GROUP INC	CL A	12504L109	280	10,000	SH		SOLE		10,000	0	0
CEDAR REALTY TRUST INC	COM NEW	150602209	746	103,627	SH		SOLE		103,627	0	0
CHATHAM LODGING TRUST	COM	16208T102	886	46,000	SH		SOLE		46,000	0	0
CHESAPEAKE LODGING TRUST	SH BEN INT	165240102	1,624	70,900	SH		SOLE		70,900	0	0
CITY OFFICE REIT INC	COM	178587101	1,907	149,900	SH		SOLE		149,900	0	0
COHEN + STEERS QUALITY RLTY	COM	19247L106	1,337	100,297	SH		SOLE		100,297	0	0
CONDOR HOSPITALITY TRUST INC	COM	20676Y106	41	21,160	SH		SOLE		21,160	0	0
CORPORATE OFFICE PROPERTIES TR	SH BEN INT	22002T108	1,942	68,500	SH		SOLE		68,500	0	0
CUBESMART	COM	229663109	409	15,000	SH		SOLE		15,000	0	0
CYRUSONE INC	COM	23283R100	714	15,000	SH		SOLE		15,000	0	0
DCT INDUSTRIAL TRUST INC	COM NEW	233153204	1,159	23,862	SH		SOLE		23,862	0	0
DDR CORP	COM	23317H102	1,081	62,000	SH		SOLE		62,000	0	0
DIAMONDROCK HOSPITALITY CO	COM	252784301	506	55,603	SH		SOLE		55,603	0	0
DIGITAL REALTY TRUST INC	COM	253868103	4,370	45,000	SH		SOLE		45,000	0	0
DOUGLAS EMMETT INC	COM	25960P109	1,440	39,322	SH		SOLE		39,322	0	0
DUKE REALTY CORP	COM NEW	264411505	1,260	46,100	SH		SOLE		46,100	0	0
DUPONT FABROS TECHNOLOGY INC	COM	26613Q106	846	20,500	SH		SOLE		20,500	0	0
EASTGROUP PROPERTY INC	COM	277276101	381	5,179	SH		SOLE		5,179	0	0
EATON VANCE ENHANCED EQUITY INC FD	COM	278277108	484	35,188	SH		SOLE		35,188	0	0
EPR PROPERTIES	COM SH BEN INT	26884U109	7,713	97,950	SH		SOLE		97,950	0	0
EPR PROPERTIES	CONV PFD 9% SR E	26884U307	610	16,400	SH		SOLE		16,400	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	5,404	84,000	SH		SOLE		84,000	0	0
ESSEX PROPERTY TRUST INC	COM	297178105	2,784	12,500	SH		SOLE		12,500	0	0
EXTRA SPACE STORAGE INC	COM	30225T102	953	12,000	SH		SOLE		12,000	0	0
FARMLAND PARTNERS INC	COM	31154R109	665	59,344	SH		SOLE		59,344	0	0
FELCOR LODGING TRUST INC	PFD CV A $1.95	31430F200	1,838	73,500	SH		SOLE		73,500	0	0
FELCOR LODGING TRUST INC	COM	31430F101	225	35,000	SH		SOLE		35,000	0	0
FIRST POTOMAC REALTY TRUST	COM	33610F109	900	98,364	SH		SOLE		98,364	0	0
FRANKLIN STREET PROPERTIES CORP	COM	35471R106	819	65,000	SH		SOLE		65,000	0	0
GENERAL GROWTH PROPERTIES INC NEW	COM	370023103	828	30,000	SH		SOLE		30,000	0	0
GLADSTONE COMMERCIAL CORP	COM	376536108	424	22,742	SH		SOLE		22,742	0	0
GLOBAL MEDICAL REIT INC	COM NEW	37954A204	586	60,000	SH		SOLE		60,000	0	0
GRAMERCY PROPERTY TRUST	COM	385002100	1,784	185,044	SH		SOLE		185,044	0	0
HCP INC	COM	40414L109	4,422	116,530	SH		SOLE		116,530	0	0
HEALTHCARE REALTY TRUST	COM	421946104	1,734	50,897	SH		SOLE		50,897	0	0
HEALTHCARE TRUST OF AMER INC	CL A NEW	42225P501	326	10,000	SH		SOLE		10,000	0	0
HERSHA HOSPITALITY TRUST	PR SHS BEN INT	427825500	1,760	97,645	SH		SOLE		97,645	0	0
HIGHWOODS PROPERTIES INC	COM	431284108	2,606	50,000	SH		SOLE		50,000	0	0
HILTON WORLDWIDE HOLDINGS INC	COM	43300A104	459	20,000	SH		SOLE		20,000	0	0
HOST HOTELS + RESORTS INC	COM	44107P104	374	24,000	SH		SOLE		24,000	0	0
INDEPENDENCE REALTY TRUST INC	COM	45378A106	3,741	415,709	SH		SOLE		415,709	0	0
INVESTORS REAL ESTATE TRUST	SH BEN INT	461730103	687	115,455	SH		SOLE		115,455	0	0
KILROY REALTY CORP	COM	49427F108	1,983	28,600	SH		SOLE		28,600	0	0
KIMCO REALTY CORP	COM	49446R109	3,185	110,000	SH		SOLE		110,000	0	0
KITE REALTY GROUP TRUST	COM NEW	49803T300	1,112	40,125	SH		SOLE		40,125	0	0
LASALLE HOTEL PROPERTIES	COM SH BEN INT	517942108	239	10,000	SH		SOLE		10,000	0	0
LIFE STORAGE INC	COM	53223X107	1,334	15,000	SH		SOLE		15,000	0	0
LEXINGTON REALTY TRUST	COM	529043101	3,492	339,058	SH		SOLE		339,058	0	0
LIBERTY PROPERTY TRUST	SH BEN INT	531172104	2,612	64,737	SH		SOLE		64,737	0	0
LTC PROPERTIES INC	COM	502175102	3,062	58,897	SH		SOLE		58,897	0	0
MACERICH CO	COM	554382101	2,302	28,470	SH		SOLE		28,470	0	0
MACK CALI REALTY CORP	COM	554489104	1,580	58,030	SH		SOLE		58,030	0	0
MARRIOTT INTERNATIONAL CL A	COM	571903202	539	8,000	SH		SOLE		8,000	0	0
MEDICAL PROPERTIES TRUST INC	COM	58463J304	5,617	380,320	SH		SOLE		380,320	0	0
MID-AMERICA APARTMENT CMNTYS INC	COM	59522J103	1,692	18,000	SH		SOLE		18,000	0	0
MONMOUTH REAL ESTATE INV CO	CL A	609720107	1,641	114,962	SH		SOLE		114,962	0	0
NATIONAL RETAIL PROPERTIES INC	COM	637417106	6,046	118,900	SH		SOLE		118,900	0	0
NATL HEALTH INVESTORS INC	COM	63633D104	4,627	58,958	SH		SOLE		58,958	0	0
NORTHSTAR REALTY FINANCE CORP	COM	66704R803	659	50,000	SH		SOLE		50,000	0	0
NUVEEN REAL ESTATE INCOME FUND	COM	67071B108	158	13,293	SH		SOLE		13,293	0	0
OMEGA HEALTHCARE INVESTORS INC	COM	681936100	847	23,898	SH		SOLE		23,898	0	0
ONE LIBERTY PROPERTIES INC	COM	682406103	485	20,071	SH		SOLE		20,071	0	0
PEAK RESORTS INC	COM	70469L100	7	1,346	SH		SOLE		1,346	0	0
PEBBLEBROOK HOTEL TRUST	COM	70509V100	1,146	43,100	SH		SOLE		43,100	0	0
PENN REAL ESTATE INVEST	SH BEN INT	709102107	2,939	127,628	SH		SOLE		127,628	0	0
PHYSICIANS REALTY TRUST	COM	71943U104	3,226	149,791	SH		SOLE		149,791	0	0
POST PROPERTIES INC	COM	737464107	965	14,600	SH		SOLE		14,600	0	0
PROLOGIS INC	COM	74340W103	2,628	49,088	SH		SOLE		49,088	0	0
PUBLIC STORAGE	COM	74460D109	3,950	17,700	SH		SOLE		17,700	0	0
QTS REALTY TRUST INC	COM CL A	74736A103	529	10,000	SH		SOLE		10,000	0	0
RAIT FINANCIAL TRUST	COM NEW	749227609	603	178,419	SH		SOLE		178,419	0	0
REALTY INCOME CORP	COM	756109104	3,474	51,900	SH		SOLE		51,900	0	0
REGENCY CENTERS CORP	COM	758849103	542	7,000	SH		SOLE		7,000	0	0
REXFORD INDUSTRIAL REALTY INC	COM	76169C100	481	21,000	SH		SOLE		21,000	0	0
RLJ LODGING TRUST	COM	74965L101	881	41,900	SH		SOLE		41,900	0	0
SABRA HEALTH CARE REIT INC	COM	78573L106	2,575	102,254	SH		SOLE		102,254	0	0
SIMON PROPERTY GROUP INC NEW	COM	828806109	8,472	40,927	SH		SOLE		40,927	0	0
SL GREEN REALTY CORP	COM	78440X101	2,475	22,900	SH		SOLE		22,900	0	0
STAG INDUSTRIAL INC	COM	85254J102	4,037	164,693	SH		SOLE		164,693	0	0
STORE CAPITAL CORP	COM	862121100	295	10,000	SH		SOLE		10,000	0	0
SUMMIT HOTEL PROPERTIES	COM	866082100	1,292	98,203	SH		SOLE		98,203	0	0
SUN COMMUNITIES INC	COM	866674104	6,110	77,856	SH		SOLE		77,856	0	0
UDR INC	COM	902653104	1,404	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	1,919	160,979	SH		SOLE		160,979	0	0
URSTADT BIDDLE PROPERTIES INC	CL A	917286205	85	3,831	SH		SOLE		3,831	0	0
VENTAS INC	COM	92276F100	6,357	90,000	SH		SOLE		90,000	0	0
VEREIT INC	COM	92339V100	2,424	233,716	SH		SOLE		233,716	0	0
VORNADO REALTY TRUST	SH BEN INT	929042109	4,841	47,835	SH		SOLE		47,835	0	0
WASHINGTON PRIME GROUP NEW	COM	93964W108	1,969	159,148	SH		SOLE		159,148	0	0
WASHINGTON REAL ESTATE INVESTMENT	SH BEN INT	939653101	373	12,000	SH		SOLE		12,000	0	0
WEINGARTEN REALTY INVESTORS	SH BEN INT	948741103	2,982	76,500	SH		SOLE		76,500	0	0
WELLTOWER INC	COM	95040Q104	2,183	29,200	SH		SOLE		29,200	0	0
WHITESTONE REAL ESTATE INVESTMENT	COM	966084204	1,228	88,502	SH		SOLE		88,502	0	0
WHEELER REIT INC	PFD	963025606	510	20,000	SH		SOLE		20,000	0	0