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	417	15,000	SH		SOLE		15,000	0	0
AGREE REALTY CORP	COM	008492100	688	15,000	SH		SOLE		15,000	0	0
ALEXANDRIA REAL ESTATE EQ IN	COM	015271109	4,228	35,100	SH		SOLE		35,100	0	0
AMERICAN CAMPUS COMMUNITIES INC	COM	024835100	1,272	26,900	SH		SOLE		26,900	0	0
ANNALY CAPITAL MANAGEMENT INC	COM	035710409	542	45,000	SH		SOLE		45,000	0	0
APARTMENT INVT & MGMT CO	CL A	03748R101	1,665	38,745	SH		SOLE		38,745	0	0
APPLE HOSPITALITY REIT INC	COM NEW	03784Y200	187	10,000	SH		SOLE		10,000	0	0
ARMADA HOFFLER PROPERTIES INC	COM	04208T108	971	75,000	SH		SOLE		75,000	0	0
ASHFORD HOSPITALITY PRIME INC	COM	044102101	337	32,797	SH		SOLE		32,797	0	0
ASHFORD HOSPITALITY TRUST INC	COM SHS	044103109	638	105,000	SH		SOLE		105,000	0	0
AVALONBAY COMMUNITIES INC	COM	053484101	5,549	28,875	SH		SOLE		28,875	0	0
BLACKROCK CR ALLCTN INC TR	COM	092508100	262	19,451	SH		SOLE		19,451	0	0
BLUEROCK RESIDENTIAL GROWTH REIT IN	COM CL A	09627J102	3,867	300,000	SH		SOLE		300,000	0	0
BOSTON PROPERTIES INC	COM	101121101	2,965	24,100	SH		SOLE		24,100	0	0
BRANDYWINE REALTY TRUST	SH BEN INT NEW	105368203	2,898	165,300	SH		SOLE		165,300	0	0
BRIXMOR PROPERTY GROUP INC	COM	11120U105	268	15,000	SH		SOLE		15,000	0	0
CAMDEN PROPERTY TRUST	SH BEN INT	133131102	428	5,000	SH		SOLE		5,000	0	0
CBL & ASSOCIATES PROPERTIES INC	COM	124830100	708	84,000	SH		SOLE		84,000	0	0
CEDAR REALTY TRUST INC	COM NEW	150602209	503	103,627	SH		SOLE		103,627	0	0
CHATHAM LODGING TRUST	COM	16208T102	924	46,000	SH		SOLE		46,000	0	0
CHESAPEAKE LODGING TRUST	SH BEN INT	165240102	1,735	70,900	SH		SOLE		70,900	0	0
CITY OFFICE REIT INC	COM	178587101	1,754	138,115	SH		SOLE		138,115	0	0
COHEN & STEERS QUALITY REALTY	COM	19247L106	1,263	100,297	SH		SOLE		100,297	0	0
COLONY NORTHSTAR INC	CLASS A COM	19625W104	775	54,980	SH		SOLE		54,980	0	0
CONDOR HOSPITALITY TRUST INC	COM NEW	20676Y403	736	68,655	SH		SOLE		68,655	0	0
CORPORATE OFFICE PROPERTIES TR	SH BEN INT	22002T108	2,400	68,500	SH		SOLE		68,500	0	0
CUBESMART	COM	229663109	601	15,000	SH		SOLE		15,000	0	0
CYRUSONE INC	COM	23283R100	836	15,000	SH		SOLE		15,000	0	0
DCT INDUSTRIAL TRUST INC	COM NEW	233153204	1,275	23,862	SH		SOLE		23,862	0	0
DDR CORP	COM	23317H102	834	92,000	SH		SOLE		92,000	0	0
DIAMONDROCK HOSPITALITY CO	COM	252784301	609	55,603	SH		SOLE		55,603	0	0
DIGITAL REALTY TRUST INC	COM	253868103	4,518	40,000	SH		SOLE		40,000	0	0
DOUGLAS EMMETT INC	COM	25960P109	1,502	39,322	SH		SOLE		39,322	0	0
DUKE REALTY CORP	COM NEW	264411505	1,009	36,100	SH		SOLE		36,100	0	0
EATON VANCE ENHANCED EQUITY INC FD	COM	278277108	511	35,188	SH		SOLE		35,188	0	0
EPR PROPERTIES	COM SH BEN INT	26884U109	7,040	97,950	SH		SOLE		97,950	0	0
EPR PROPERTIES	CONV PFD 9% SR E	26884U307	590	16,400	SH		SOLE		16,400	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	5,530	84,000	SH		SOLE		84,000	0	0
ESSEX PROPERTY TRUST INC	COM	297178105	3,216	12,500	SH		SOLE		12,500	0	0
EXTRA SPACE STORAGE INC	COM	30225T102	966	12,390	SH		SOLE		12,390	0	0
FARMLAND PARTNERS INC	COM	31154R109	531	59,344	SH		SOLE		59,344	0	0
FELCOR LODGING TRUST INC	PFD CV A $1.95	31430F200	2,682	96,117	SH		SOLE		96,117	0	0
FELCOR LODGING TRUST INC	COM	31430F101	534	74,000	SH		SOLE		74,000	0	0
FIRST POTOMAC REALTY TRUST	COM	33610F109	1,093	98,364	SH		SOLE		98,364	0	0
FRANKLIN STREET PROPERTIES CORP	COM	35471R106	606	54,700	SH		SOLE		54,700	0	0
GGP INC	COM	36174X101	707	30,000	SH		SOLE		30,000	0	0
GLADSTONE COMMERCIAL CORP	COM	376536108	496	22,742	SH		SOLE		22,742	0	0
GLOBAL MEDICAL REIT INC	COM NEW	37954A204	983	110,000	SH		SOLE		110,000	0	0
GRAMERCY PROPERTY TRUST	COM NEW	385002308	1,833	61,681	SH		SOLE		61,681	0	0
HCP INC	COM	40414L109	3,708	116,029	SH		SOLE		116,029	0	0
HEALTHCARE REALTY TRUST	COM	421946104	1,738	50,897	SH		SOLE		50,897	0	0
HEALTHCARE TRUST OF AMER INC	CL A NEW	42225P501	342	11,000	SH		SOLE		11,000	0	0
HERSHA HOSPITALITY TRUST	PR SHS BEN INT	427825500	1,807	97,645	SH		SOLE		97,645	0	0
HIGHWOODS PROPERTIES INC	COM	431284108	2,536	50,000	SH		SOLE		50,000	0	0
HOST HOTELS & RESORTS INC	COM	44107P104	438	24,000	SH		SOLE		24,000	0	0
HUDSON PACIFIC PROPERTIES IN	COM	444097109	34	1,000	SH		SOLE		1,000	0	0
INDEPENDENCE REALTY TRUST INC	COM	45378A106	4,103	415,709	SH		SOLE		415,709	0	0
INVESTORS REAL ESTATE TRUST	SH BEN INT	461730103	390	62,810	SH		SOLE		62,810	0	0
KILROY REALTY CORP	COM	49427F108	2,149	28,600	SH		SOLE		28,600	0	0
KIMCO REALTY CORP	COM	49446R109	2,019	110,000	SH		SOLE		110,000	0	0
KITE REALTY GROUP TRUST	COM NEW	49803T300	1,044	55,125	SH		SOLE		55,125	0	0
LASALLE HOTEL PROPERTIES	COM SH BEN INT	517942108	298	10,000	SH		SOLE		10,000	0	0
LEXINGTON REALTY TRUST	COM	529043101	3,360	339,058	SH		SOLE		339,058	0	0
LIBERTY PROPERTY TRUST	SH BEN INT	531172104	2,635	64,737	SH		SOLE		64,737	0	0
LIFE STORAGE INC	COM	53223X107	1,112	15,000	SH		SOLE		15,000	0	0
LTC PROPERTIES INC	COM	502175102	2,513	48,897	SH		SOLE		48,897	0	0
MACERICH CO	COM	554382101	1,653	28,470	SH		SOLE		28,470	0	0
MACK CALI REALTY CORP	COM	554489104	1,575	58,030	SH		SOLE		58,030	0	0
MARRIOTT INTERNATIONAL INC NEW	CL A	571903202	802	8,000	SH		SOLE		8,000	0	0
MEDICAL PROPERTIES TRUST INC	COM	58463J304	4,766	370,320	SH		SOLE		370,320	0	0
MID-AMERICA APARTMENT CMNTYS INC	COM	59522J103	2,653	25,171	SH		SOLE		25,171	0	0
MONMOUTH REAL ESTATE INV CO	CL A	609720107	1,730	114,962	SH		SOLE		114,962	0	0
NATIONAL RETAIL PROPERTIES INC	COM	637417106	4,422	113,100	SH		SOLE		113,100	0	0
NATL HEALTH INVESTORS INC	COM	63633D104	4,669	58,958	SH		SOLE		58,958	0	0
NUVEEN REAL ESTATE INCOME FUND	COM	67071B108	150	13,293	SH		SOLE		13,293	0	0
OMEGA HEALTHCARE INVESTORS INC	COM	681936100	1,430	43,298	SH		SOLE		43,298	0	0
ONE LIBERTY PROPERTIES INC	COM	682406103	426	18,177	SH		SOLE		18,177	0	0
PARK HOTELS & RESORTS INC	COM	700517105	117	4,328	SH		SOLE		4,328	0	0
PEBBLEBROOK HOTEL TRUST	COM	70509V100	1,390	43,100	SH		SOLE		43,100	0	0
PENN REAL ESTATE INVEST	SH BEN INT	709102107	1,445	127,628	SH		SOLE		127,628	0	0
PHYSICIANS REALTY TRUST	COM	71943U104	3,017	149,791	SH		SOLE		149,791	0	0
PROLOGIS INC	COM	74340W103	2,879	49,088	SH		SOLE		49,088	0	0
PUBLIC STORAGE	COM	74460D109	3,691	17,700	SH		SOLE		17,700	0	0
RAIT FINANCIAL TRUST	COM NEW	749227609	391	178,419	SH		SOLE		178,419	0	0
RAMCO GERSHENSON PROPERTIES	COM SH BEN IT	751452202	258	20,000	SH		SOLE		20,000	0	0
REALTY INCOME CORP	COM	756109104	2,864	51,900	SH		SOLE		51,900	0	0
REXFORD INDUSTRIAL REALTY INC	COM	76169C100	576	21,000	SH		SOLE		21,000	0	0
RLJ LODGING TRUST	COM	74965L101	833	41,900	SH		SOLE		41,900	0	0
SABRA HEALTH CARE REIT INC	COM	78573L106	2,103	87,254	SH		SOLE		87,254	0	0
SIMON PROPERTY GROUP INC NEW	COM	828806109	7,187	44,427	SH		SOLE		44,427	0	0
SL GREEN REALTY CORP	COM	78440X101	2,423	22,900	SH		SOLE		22,900	0	0
STAG INDUSTRIAL INC	COM	85254J102	4,545	164,693	SH		SOLE		164,693	0	0
STORE CAPITAL CORP	COM	862121100	449	20,000	SH		SOLE		20,000	0	0
SUMMIT HOTEL PROPERTIES	COM	866082100	1,831	98,203	SH		SOLE		98,203	0	0
SUN COMMUNITIES INC	COM	866674104	6,389	72,856	SH		SOLE		72,856	0	0
TANGER FACTORY OUTLET CENTER	COM	875465106	114	4,400	SH		SOLE		4,400	0	0
UDR INC	COM	902653104	1,519	39,000	SH		SOLE		39,000	0	0
UMH PROPERTIES INC	CV RED PFD-A	903002202	976	37,500	SH		SOLE		37,500	0	0
UMH PROPERTIES INC	COM	903002103	2,744	160,979	SH		SOLE		160,979	0	0
VENTAS INC	COM	92276F100	5,558	80,000	SH		SOLE		80,000	0	0
VEREIT INC	COM	92339V100	1,902	233,716	SH		SOLE		233,716	0	0
VORNADO REALTY TRUST	SH BEN INT	929042109	4,210	44,835	SH		SOLE		44,835	0	0
WASHINGTON PRIME GROUP NEW	COM	93964W108	1,499	179,148	SH		SOLE		179,148	0	0
WEINGARTEN REALTY INVESTORS	SH BEN INT	948741103	2,303	76,500	SH		SOLE		76,500	0	0
WELLTOWER INC	COM	95040Q104	2,186	29,200	SH		SOLE		29,200	0	0
WHEELER REAL ESTATE INVT. TR	PFD CNV SER D	963025606	968	42,000	SH		SOLE		42,000	0	0
WHITESTONE REIT	COM	966084204	1,329	108,502	SH		SOLE		108,502	0	0