Independent Order of Foresters 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

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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
3M CO	Common Stock	88579Y101	312	2,300	SH		OTR		0	2,300	0
ACADIA REALTY TRUST	REITS	004239109	12	445	SH		SOLE		445	0	0
AETNA INC	Common Stock	00817Y108	495	6,600	SH		OTR		0	6,600	0
AFLAC INC	Common Stock	001055102	577	9,150	SH		OTR		0	9,150	0
AGREE REALTY CORP	REITS	008492100	55	1,803	SH		SOLE		1,803	0	0
ALEXANDRIA REAL ESTATE EQUIT	REITS	015271109	446	6,150	SH		SOLE		6,150	0	0
AMERICAN CAMPUS COMMUNITIES	REITS	024835100	592	15,851	SH		SOLE		15,851	0	0
AMERICAN CAPITAL AGENCY CORP	REITS	02503X105	2,115	98,400	SH		SOLE		98,400	0	0
ANNALY CAPITAL MANAGEMENT INC	REITS	035710409	2	200	SH		SOLE		200	0	0
APACHE CORP	Common Stock	037411105	440	5,300	SH		OTR		0	5,300	0
APARTMENTS INVESTMENT	REITS	03748R101	305	10,094	SH		SOLE		10,094	0	0
ARMADA HOFFLER PROPERTIES	REITS	04208T108	256	25,504	SH		SOLE		25,504	0	0
ASSOCIATED ESTATES REALTY CP	REITS	045604105	1,381	81,548	SH		SOLE		81,548	0	0
AVALONBAY COMMUNITIES INC	REITS	053484101	1,868	14,228	SH		SOLE		14,228	0	0
BERKSHIRE HATHAWAY INC.	Common Stock	084670702	612	4,900	SH		OTR		0	4,900	0
BIOMED REALTY TRUST INC	REITS	09063H107	1,013	49,444	SH		SOLE		49,444	0	0
BOSTON PROPERTIES INC	REITS	101121101	1,348	11,773	SH		SOLE		11,773	0	0
BRANDYWINE REALTY TRUST	REITS	105368203	234	16,192	SH		SOLE		16,192	0	0
BRE PROPERTIES INC	REITS	05564E106	421	6,700	SH		SOLE		6,700	0	0
BRIXMOR PROPERTY GROUP INC	REITS	11120U105	128	6,000	SH		SOLE		6,000	0	0
CAMDEN PROPERTY TRUST	REITS	133131102	1,028	15,263	SH		SOLE		15,263	0	0
CBL & ASSOCIATES PROPERTIES	REITS	124830100	2,724	153,362	SH		SOLE		153,362	0	0
CEDAR SHOPPING CENTERS INC	REITS	150602209	35	5,675	SH		SOLE		5,675	0	0
CHAMBERS STREET PROPERTIES	REITS	157842105	346	44,500	SH		SOLE		44,500	0	0
CHEVRON CORPORATION	Common Stock	166764100	553	4,650	SH		OTR		0	4,650	0
CORPORATE OFFICE PROPERTIES	REITS	22002T108	1,759	65,988	SH		SOLE		65,988	0	0
CORRECTIONS CORP OF AMERICA	REITS	22025Y407	2,193	69,990	SH		SOLE		69,990	0	0
COUSINS PROPERTIES INC	REITS	222795106	111	9,691	SH		SOLE		9,691	0	0
CUBESMART	REITS	229663109	130	7,600	SH		SOLE		7,600	0	0
DCT INDUSTRIAL TRUST INC	REITS	233153105	72	9,100	SH		SOLE		9,100	0	0
DDR CORP	REITS	23317H102	675	40,964	SH		SOLE		40,964	0	0
DIAMONDROCK HOSPITALITY CO	REITS	252784301	74	6,282	SH		SOLE		6,282	0	0
DIGITAL REALTY TRUST INC	REITS	253868103	621	11,700	SH		SOLE		11,700	0	0
DOUGLAS EMMETT INC	REITS	25960P109	182	6,700	SH		SOLE		6,700	0	0
DUKE REALTY CORP	REITS	264411505	958	56,765	SH		SOLE		56,765	0	0
DUPONT FABROS TECHNOLOGY INC	REITS	26613Q106	3	112	SH		SOLE		112	0	0
EASTGROUP PROPERTIES INC	REITS	277276101	38	600	SH		SOLE		600	0	0
EDUCATION REALTY TRUST INC	REITS	28140H104	32	3,200	SH		SOLE		3,200	0	0
EMERSON ELECTRIC CO	Common Stock	291011104	407	6,100	SH		OTR		0	6,100	0
EQUITY LIFESTYLE PROPERTIES	REITS	29472R108	703	17,306	SH		SOLE		17,306	0	0
EQUITY ONE INC	REITS	294752100	89	3,970	SH		SOLE		3,970	0	0
EQUITY RESIDENTIAL PROPS TR	REITS	29476L107	1,808	31,176	SH		SOLE		31,176	0	0
ESSEX PROPERTY TRUST INC	REITS	297178105	258	1,520	SH		SOLE		1,520	0	0
EXCEL TRUST INC	REITS	30068C109	529	41,732	SH		SOLE		41,732	0	0
EXTRA SPACE STORAGE INC	REITS	30225T102	170	3,500	SH		SOLE		3,500	0	0
FEDERAL REALTY INVS TRUST	REITS	313747206	517	4,507	SH		SOLE		4,507	0	0
FIRST INDUSTRIAL REALTY TR	REITS	32054K103	4	200	SH		SOLE		200	0	0
FIRST POTOMAC REALTY TRUST	REITS	33610F109	115	8,900	SH		SOLE		8,900	0	0
FRANLKLIN STREET PROPERTIES C	REITS	35471R106	606	48,114	SH		SOLE		48,114	0	0
GENERAL GROWTH PROPERTIES	REITS	370023103	136	6,162	SH		SOLE		6,162	0	0
GLIMCHER REALTY TRUST	REITS	379302102	198	19,739	SH		SOLE		19,739	0	0
GOVERNMENT PROPERTIES INCOME	REITS	38376A103	574	22,800	SH		SOLE		22,800	0	0
HCP INC	REITS	40414L109	1,658	42,750	SH		SOLE		42,750	0	0
HEALTH CARE REIT INC	REITS	42217K106	1,030	17,283	SH		SOLE		17,283	0	0
HEALTHCARE REALTY TRUST INC	REITS	421946104	94	3,900	SH		SOLE		3,900	0	0
HERSHA HOSPITALITY TRUST	REITS	427825104	34	5,900	SH		SOLE		5,900	0	0
HIGHWOOD PROPERTIES INC	REITS	431284108	461	12,000	SH		SOLE		12,000	0	0
HOME PROPERTIES INC	REITS	437306103	64	1,060	SH		SOLE		1,060	0	0
HOSPITALITY PROPERTIES TRUST	REITS	44106M102	2,591	90,239	SH		SOLE		90,239	0	0
HOST HOTELS & RESORTS INC	REITS	44107P104	669	33,048	SH		SOLE		33,048	0	0
INLAND REAL ESTATE CORP	REITS	457461200	372	35,300	SH		SOLE		35,300	0	0
INTEL CORP	Common Stock	458140100	712	27,600	SH		OTR		0	27,600	0
INVESTORS REAL ESTATE TRUST	REITS	461730103	9	992	SH		SOLE		992	0	0
ISHARES Iboxx Investment Grade Corporate Bond Fund	Exchange Traded Fund	464287242	24,848	212,500	SH		SOLE		212,500	0	0
ISTAR FINANCIAL INC	REITS	45031U101	3	216	SH		SOLE		216	0	0
KILROY REALTY CORP	REITS	49427F108	134	2,280	SH		SOLE		2,280	0	0
KIMCO REALTY CORP	REITS	49446R109	1,124	51,377	SH		SOLE		51,377	0	0
KITE REALTY GROUP TRUST	REITS	49803T102	46	7,700	SH		SOLE		7,700	0	0
LASALLE HOTEL PROPERTIES	REITS	517942108	128	4,100	SH		SOLE		4,100	0	0
LIBERTY PROPERTY TRUST	REITS	531172104	1,517	41,050	SH		SOLE		41,050	0	0
LTC PROPERTIES INC	REITS	502175102	288	7,656	SH		SOLE		7,656	0	0
MACK-CALI REALTY CORPORATION	REITS	554489104	326	15,679	SH		SOLE		15,679	0	0
MICROSOFT CORP	Common Stock	594918104	623	15,200	SH		OTR		0	15,200	0
MID-AMERICA APARTMENT COMM INC	REITS	59522J103	1,444	21,155	SH		SOLE		21,155	0	0
MONMOUTH REIT CLASS A	REITS	609720107	1,167	122,275	SH		SOLE		122,275	0	0
NATIONAL OILWELL VARCO INC	Common Stock	637071101	444	5,700	SH		OTR		0	5,700	0
NATIONAL RETAIL PROPERTIES	REITS	637417106	103	3,000	SH		SOLE		3,000	0	0
NATL HEALTH INVESTORS INC	REITS	63633D104	54	900	SH		SOLE		900	0	0
OMEGA HEALTHCARE INVESTORS	REITS	681936100	1,499	44,726	SH		SOLE		44,726	0	0
ONE LIBERTY PROPERTIES INC	REITS	682406103	1,885	88,499	SH		SOLE		88,499	0	0
PARKWAY PROPERTIES INC	REITS	70159Q104	54	2,973	SH		SOLE		2,973	0	0
PENN REAL ESTATE INVEST TRUST	REITS	709102107	862	47,741	SH		SOLE		47,741	0	0
PIEDMONT OFFICE REALTY TRUST	REITS	720190206	444	25,932	SH		SOLE		25,932	0	0
POST PROPERTIES INC	REITS	737464107	213	4,350	SH		SOLE		4,350	0	0
PREFERRED APARTMENT COMMUN	REITS	74039L103	78	9,697	SH		SOLE		9,697	0	0
PROLOGIS INC	REITS	74340W103	920	22,523	SH		SOLE		22,523	0	0
PS BUSINESS PARKS INC CA	REITS	69360J107	143	1,708	SH		SOLE		1,708	0	0
PUBLIC STORAGE INC	REITS	74460D109	2,424	14,390	SH		SOLE		14,390	0	0
RAMCO GERHENSON PROPERTIES	REITS	751452202	474	29,050	SH		SOLE		29,050	0	0
REGENCY CENTERS CORP	REITS	758849103	524	10,271	SH		SOLE		10,271	0	0
RETAIL PROPERTIES OF AMERICA	REITS	76131V202	380	28,114	SH		SOLE		28,114	0	0
ROUSE PROPERTIES INC	REITS	779287101	481	27,932	SH		SOLE		27,932	0	0
SABRA HEALTH CARE REIT INC	REITS	78573L106	534	19,163	SH		SOLE		19,163	0	0
SAUL CENTERS INC	REITS	804395101	24	500	SH		SOLE		500	0	0
SELECT INCOME REIT	REITS	81618T100	1,959	64,731	SH		SOLE		64,731	0	0
SENIOR HOUSING PROP TRUST	REITS	81721M109	475	21,170	SH		SOLE		21,170	0	0
SIMON PROPERTY GROUP INC	REITS	828806109	6,125	37,346	SH		SOLE		37,346	0	0
SL GREEN	REITS	78440X101	717	7,121	SH		SOLE		7,121	0	0
SOVRAN SELF STORAGE INC	REITS	84610H108	446	6,070	SH		SOLE		6,070	0	0
SPIRIT REALTY CAPITAL	REITS	84860W102	14	1,300	SH		SOLE		1,300	0	0
STRYKER CORP	Common Stock	863667101	505	6,200	SH		OTR		0	6,200	0
SUN COMMUNITIES INC	REITS	866674104	60	1,340	SH		SOLE		1,340	0	0
SUNSTONE HOTEL INVESTORS INC	REITS	867892101	18	1,328	SH		SOLE		1,328	0	0
TANGER FACTORY OUTLET CENTERS	REITS	875465106	621	17,761	SH		SOLE		17,761	0	0
TAUBMAN CENTERS INC	REITS	876664103	2,325	32,848	SH		SOLE		32,848	0	0
TELEPHONE AND DATA SYSTEMS	Common Stock	879433829	307	11,700	SH		OTR		0	11,700	0
TERRENO REALTY CORP	REITS	88146M101	103	5,428	SH		SOLE		5,428	0	0
THE MACERICH CO	REITS	554382101	1,535	24,634	SH		SOLE		24,634	0	0
TIPTREE FINANCIAL INC	REITS	88822Q103	130	17,550	SH		SOLE		17,550	0	0
TOTAL SYSTEM SERVICES INC	Common Stock	891906109	365	12,000	SH		OTR		0	12,000	0
TRADE STREET RESIDENTIAL INC REIT	REITS	89255N203	3	408	SH		SOLE		408	0	0
UDR INC	REITS	902653104	1,268	49,102	SH		SOLE		49,102	0	0
UNIVERSAL HEALTH REALTY INCOME	REITS	91359E105	532	12,587	SH		SOLE		12,587	0	0
VALMONT INDUSTRIES	Common Stock	920253101	469	3,150	SH		OTR		0	3,150	0
VARIAN MEDICAL SYSTEMS	Common Stock	92220P105	496	5,900	SH		OTR		0	5,900	0
VENTAS INC	REITS	92276F100	2,078	34,315	SH		SOLE		34,315	0	0
VORNADO REALTY TRUST	REITS	929042109	3,794	38,495	SH		SOLE		38,495	0	0
WAL-MART STORES INC	Common Stock	931142103	520	6,800	SH		OTR		0	6,800	0
WASHINGTON REAL ESTATE INV	REITS	939653101	833	34,900	SH		SOLE		34,900	0	0
WEINGARTEN REALTY INVST	REITS	948741103	780	25,998	SH		SOLE		25,998	0	0
WELLS FARGO & COMPANY	Common Stock	949746101	642	12,900	SH		OTR		0	12,900	0
WHITESTONE REIT	REITS	966084204	174	12,082	SH		SOLE		12,082	0	0
WINTHROP REALTY TRUST	REITS	976391300	9	801	SH		SOLE		801	0	0