La Francaise Forum Securities 13F-HR/A Quarterly holdings report by institutional manager (amended)

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

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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
ALEXANDRIA REAL ESTATE EQUIT	COM	015271109	964	9,837	SH		SOLE		0	0	9,837
APOLLO COMMERCIAL REAL ESTAT	COM	03762U105	810	47,168	SH		SOLE		47,168	0	0
AVALONBAY COMMUNITIES INC	COM	053484101	1,823	10,460	SH		SOLE		666	0	9,794
AVIV REIT INC	COM	05381L101	1,286	35,242	SH		SOLE		24,666	0	10,576
STRATEGIC HOTELS & RESORTS I	COM	86272T106	690	55,500	SH		SOLE		0	0	55,500
BLUEROCK RESIDENTIAL GROWTH	COM	09627J102	485	36,400	SH		SOLE		36,400	0	0
BOSTON PROPERTIES INC	COM	101121101	2,498	17,783	SH		SOLE		1,187	0	16,596
CAMPUS CREST COMMUNITIES INC	COM	13466Y105	709	99,025	SH		SOLE		99,025	0	0
CHATHAM LODGING TRUST	COM	16208T102	1,288	43,800	SH		SOLE		13,583	0	30,217
MACK-CALI REALTY CORP	COM	554489104	1,839	95,401	SH		SOLE		37,501	0	57,900
CAMDEN PROPERTY TRUST	COM	133131102	906	11,600	SH		SOLE		900	0	10,700
CUBESMART	COM	229663109	757	31,350	SH		SOLE		0	0	31,350
DDR CORP	COM	23317H102	808	43,400	SH		SOLE		0	0	43,400
DOUGLAS EMMETT INC	COM	25960P109	69	2,300	SH		SOLE		2,300	0	0
DIGITAL REALTY TRUST INC	COM	253868103	1,595	24,175	SH		SOLE		8,245	0	15,930
EPR PROPERTIES	COM	26884U109	926	15,421	SH		SOLE		15,421	0	0
EQUITY RESIDENTIAL	COM	29476L107	1,246	15,999	SH		SOLE		821	0	15,178
EQUITY ONE INC	COM	294752100	558	20,900	SH		SOLE		0	0	20,900
ESSEX PROPERTY TRUST INC	COM	297178105	1,297	5,643	SH		SOLE		449	0	5,194
EXTRA SPACE STORAGE INC	COM	30225T102	942	13,947	SH		SOLE		1,090	0	12,857
GENERAL GROWTH PROPERTIES	COM	370023103	1,430	48,403	SH		SOLE		3,016	0	45,387
HCP INC	COM	40414L109	2,369	54,814	SH		SOLE		1,799	0	53,015
STARWOOD HOTELS & RESORTS	COM	85590A401	616	7,373	SH		SOLE		0	0	7,373
HUDSON PACIFIC PROPERTIES IN	COM	444097109	1,427	42,994	SH		SOLE		2,994	0	40,000
HOST HOTELS & RESORTS INC	COM	44107P104	798	39,566	SH		SOLE		0	0	39,566
KIMCO REALTY CORP	COM	49446R109	1,111	41,386	SH		SOLE		0	0	41,386
KILROY REALTY CORP	COM	49427F108	1,144	15,024	SH		SOLE		946	0	14,078
MACERICH CO/THE	COM	554382101	936	11,101	SH		SOLE		0	0	11,101
CORPORATE OFFICE PROPERTIES	COM	22002T108	403	13,700	SH		SOLE		0	0	13,700
OMEGA HEALTHCARE INVESTORS	COM	681936100	364	8,977	SH		SOLE		8,977	0	0
OUTFRONT MEDIA INC	COM	69007J106	1,219	40,733	SH		SOLE		11,310	0	29,423
PROLOGIS INC	COM	74340W103	2,415	55,438	SH		SOLE		2,604	0	52,834
PUBLIC STORAGE	COM	74460D109	1,302	6,603	SH		SOLE		583	0	6,020
QTS REALTY TRUST INC-CL A	COM	74736A103	1,279	35,120	SH		SOLE		10,770	0	24,350
RETAIL OPPORTUNITY INVESTMEN	COM	76131N101	953	52,063	SH		SOLE		5,163	0	46,900
SABRA HEALTH CARE REIT INC	COM	78573L106	536	16,176	SH		SOLE		16,176	0	0
SUNSTONE HOTEL INVESTORS INC	COM	867892101	647	38,823	SH		SOLE		0	0	38,823
SL GREEN REALTY CORP	COM	78440X101	1,139	8,872	SH		SOLE		1,035	0	7,837
SIMON PROPERTY GROUP INC	COM	828806109	4,508	23,044	SH		SOLE		971	0	22,073
SPIRIT REALTY CAPITAL INC	COM	84860W102	639	52,919	SH		SOLE		52,919	0	0
STAG INDUSTRIAL INC	COM	85254J102	1,387	58,960	SH		SOLE		22,949	0	36,011
EXTENDED STAY AMERICA INC	COM	30224P200	625	32,000	SH		SOLE		0	0	32,000
STARWOOD PROPERTY TRUST INC	COM	85571B105	940	38,690	SH		SOLE		38,690	0	0
STARWOOD WAYPOINT RESIDE	COM	85571W109	1	40	SH		SOLE		40	0	0
TAUBMAN CENTERS INC	COM	876664103	99	1,281	SH		SOLE		1,281	0	0
TERRENO REALTY CORP	COM	88146M101	1,565	68,657	SH		SOLE		10,533	0	58,124
UDR INC	COM	902653104	589	17,300	SH		SOLE		0	0	17,300
URBAN EDGE PROPERTIES	COM	91704F104	155	6,520	SH		SOLE		0	0	6,520
VORNADO REALTY TRUST	COM	929042109	1,461	13,041	SH		SOLE		0	0	13,041
APOLLO COMMERCIAL REAL ESTAT	COM	03762U105	1,768	102,908	SH		OTR	1	0	102,908	0
AVALONBAY COMMUNITIES INC	COM	053484101	3,997	22,938	SH		OTR	2	0	8,476	14,462
BLUEROCK RESIDENTIAL GROWTH	COM	09627J102	670	50,300	SH		OTR	1	0	50,300	0
BOSTON PROPERTIES INC	COM	101121101	4,321	30,757	SH		OTR	2	0	11,429	19,328
BROOKDALE SENIOR LIVING INC	COM	112463104	1,759	46,582	SH		OTR	2	0	17,304	29,278
CAMDEN PROPERTY TRUST	COM	133131102	2,555	32,700	SH		OTR	2	0	12,100	20,600
CAMPUS CREST COMMUNITIES INC	COM	13466Y105	1,784	249,102	SH		OTR	1	0	249,102	0
CHATHAM LODGING TRUST	COM	16208T102	1,247	42,386	SH		OTR	1	0	42,386	0
CORPORATE OFFICE PROPERTIES	COM	22002T108	811	27,600	SH		OTR	2	0	9,400	18,200
CUBESMART	COM	229663109	1,714	70,973	SH		OTR	2	0	25,473	45,500
DDR CORP	COM	23317H102	1,618	86,900	SH		OTR	2	0	32,300	54,600
DIGITAL REALTY TRUST INC	COM	253868103	3,695	56,020	SH		OTR	2	0	29,610	26,410
EPR PROPERTIES	COM	26884U109	2,144	35,716	SH		OTR	1	0	35,716	0
EQUITY ONE INC	COM	294752100	1,679	62,894	SH		OTR	2	0	23,442	39,452
ESSEX PROPERTY TRUST INC	COM	297178105	3,372	14,667	SH		OTR	2	0	5,652	9,015
EXTENDED STAY AMERICA INC	COM	30224P200	2,644	135,368	SH		OTR	2	0	75,668	59,700
EXTRA SPACE STORAGE INC	COM	30225T102	2,631	38,939	SH		OTR	2	0	14,481	24,458
GENERAL GROWTH PROPERTIES	COM	370023103	3,120	105,568	SH		OTR	2	0	39,160	66,408
HOST HOTELS & RESORTS INC	COM	44107P104	1,207	59,800	SH		OTR	2	0	22,295	37,505
HUDSON PACIFIC PROPERTIES IN	COM	444097109	5,349	161,159	SH		OTR	2	0	90,359	70,800
KILROY REALTY CORP	COM	49427F108	2,360	30,988	SH		OTR	2	0	11,565	19,423
MACK-CALI REALTY CORP	COM	554489104	4,998	259,214	SH		OTR	2	0	159,514	99,700
OUTFRONT MEDIA INC	COM	69007J106	4,534	151,552	SH		OTR	2	0	80,002	71,550
PROLOGIS INC	COM	74340W103	4,124	94,673	SH		OTR	2	0	34,477	60,196
PUBLIC STORAGE	COM	74460D109	1,763	8,941	SH		OTR	2	0	3,314	5,627
QTS REALTY TRUST INC-CL A	COM	74736A103	2,816	77,330	SH		OTR	2	0	44,776	32,554
RETAIL OPPORTUNITY INVESTMEN	COM	76131N101	1,523	83,246	SH		OTR	2	0	30,946	52,300
SABRA HEALTH CARE REIT INC	COM	78573L106	848	25,573	SH		OTR	1	0	25,573	0
SIMON PROPERTY GROUP INC	COM	828806109	7,814	39,943	SH		OTR	2	0	14,549	25,394
SL GREEN REALTY CORP	COM	78440X101	2,365	18,424	SH		OTR	2	0	6,868	11,556
SPIRIT REALTY CAPITAL INC	COM	84860W102	1,482	122,679	SH		OTR	1	0	122,679	0
STAG INDUSTRIAL INC	COM	85254J102	3,482	148,026	SH		OTR	2	0	98,601	49,425
STARWOOD HOTELS & RESORTS	COM	85590A401	1,703	20,398	SH		OTR	2	0	7,556	12,842
STARWOOD PROPERTY TRUST INC	COM	85571B105	2,486	102,291	SH		OTR	1	0	102,291	0
STARWOOD WAYPOINT RESIDE	COM	85571W109	445	17,231	SH		OTR	1	0	17,231	0
STRATEGIC HOTELS & RESORTS I	COM	86272T106	1,461	117,548	SH		OTR	2	0	43,748	73,800
SUNSTONE HOTEL INVESTORS INC	COM	867892101	1,272	76,330	SH		OTR	2	0	29,140	47,190
TAUBMAN CENTERS INC	COM	876664103	955	12,379	SH		OTR	1	0	12,379	0
TERRENO REALTY CORP	COM	88146M101	4,274	187,445	SH		OTR	2	0	94,845	92,600