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	329	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	535	6,600	SH		OTR		0	6,600	0
AFLAC INC	Common Stock	001055102	569	9,150	SH		OTR		0	9,150	0
AGREE REALTY CORP	REITS	008492100	54	1,803	SH		SOLE		1,803	0	0
ALEXANDRIA REAL ESTATE EQUIT	REITS	015271109	477	6,150	SH		SOLE		6,150	0	0
AMERICAN CAMPUS COMMUNITIES	REITS	024835100	606	15,851	SH		SOLE		15,851	0	0
AMERICAN CAPITAL AGENCY CORP	REITS	02503X105	2,303	98,400	SH		SOLE		98,400	0	0
ANNALY CAPITAL MANAGEMENT INC	REITS	035710409	3	200	SH		SOLE		200	0	0
APACHE CORP	Common Stock	037411105	682	6,775	SH		OTR		0	6,775	0
APARTMENTS INVESTMENT	REITS	03748R101	326	10,094	SH		SOLE		10,094	0	0
ARMADA HOFFLER PROPERTIES	REITS	04208T108	246	25,504	SH		SOLE		25,504	0	0
ASSOCIATED ESTATES REALTY CP	REITS	045604105	1,469	81,548	SH		SOLE		81,548	0	0
AVALONBAY COMMUNITIES INC	REITS	053484101	2,023	14,228	SH		SOLE		14,228	0	0
BERKSHIRE HATHAWAY INC.	Common Stock	084670702	620	4,900	SH		OTR		0	4,900	0
BIOMED REALTY TRUST INC	REITS	09063H107	1,014	46,444	SH		SOLE		46,444	0	0
BOSTON PROPERTIES INC	REITS	101121101	1,391	11,773	SH		SOLE		11,773	0	0
BRANDYWINE REALTY TRUST	REITS	105368203	253	16,192	SH		SOLE		16,192	0	0
BRIXMOR PROPERTY GROUP INC	REITS	11120U105	138	6,000	SH		SOLE		6,000	0	0
CAMDEN PROPERTY TRUST	REITS	133131102	1,086	15,263	SH		SOLE		15,263	0	0
CBL & ASSOCIATES PROPERTIES	REITS	124830100	2,762	145,362	SH		SOLE		145,362	0	0
CEDAR SHOPPING CENTERS INC	REITS	150602209	35	5,675	SH		SOLE		5,675	0	0
CHAMBERS STREET PROPERTIES	REITS	157842105	357	44,500	SH		SOLE		44,500	0	0
CHEVRON CORPORATION	Common Stock	166764100	659	5,050	SH		OTR		0	5,050	0
COMMONWEALTH REIT	REITS	203233101	84	3,206	SH		SOLE		3,206	0	0
CORPORATE OFFICE PROPERTIES	REITS	22002T108	1,846	66,388	SH		SOLE		66,388	0	0
CORRECTIONS CORP OF AMERICA	REITS	22025Y407	2,338	71,190	SH		SOLE		71,190	0	0
COUSINS PROPERTIES INC	REITS	222795106	121	9,691	SH		SOLE		9,691	0	0
CUBESMART	REITS	229663109	139	7,600	SH		SOLE		7,600	0	0
DCT INDUSTRIAL TRUST INC	REITS	233153105	75	9,100	SH		SOLE		9,100	0	0
DDR CORP	REITS	23317H102	722	40,964	SH		SOLE		40,964	0	0
DIAMONDROCK HOSPITALITY CO	REITS	252784301	80	6,282	SH		SOLE		6,282	0	0
DIGITAL REALTY TRUST INC	REITS	253868103	508	8,700	SH		SOLE		8,700	0	0
DOUGLAS EMMETT INC	REITS	25960P109	189	6,700	SH		SOLE		6,700	0	0
DUKE REALTY CORP	REITS	264411505	1,030	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	39	600	SH		SOLE		600	0	0
EDUCATION REALTY TRUST INC	REITS	28140H104	34	3,200	SH		SOLE		3,200	0	0
EMERSON ELECTRIC CO	Common Stock	291011104	405	6,100	SH		OTR		0	6,100	0
EQUITY LIFESTYLE PROPERTIES	REITS	29472R108	764	17,306	SH		SOLE		17,306	0	0
EQUITY ONE INC	REITS	294752100	94	3,970	SH		SOLE		3,970	0	0
EQUITY RESIDENTIAL PROPS TR	REITS	29476L107	1,964	31,176	SH		SOLE		31,176	0	0
ESSEX PROPERTY TRUST INC	REITS	297178105	649	3,510	SH		SOLE		3,510	0	0
EXCEL TRUST INC	REITS	30068C109	556	41,732	SH		SOLE		41,732	0	0
EXTRA SPACE STORAGE INC	REITS	30225T102	186	3,500	SH		SOLE		3,500	0	0
FEDERAL REALTY INVS TRUST	REITS	313747206	545	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	117	8,900	SH		SOLE		8,900	0	0
FRANLKLIN STREET PROPERTIES C	REITS	35471R106	605	48,114	SH		SOLE		48,114	0	0
GENERAL GROWTH PROPERTIES	REITS	370023103	145	6,162	SH		SOLE		6,162	0	0
GLIMCHER REALTY TRUST	REITS	379302102	214	19,739	SH		SOLE		19,739	0	0
GOVERNMENT PROPERTIES INCOME	REITS	38376A103	228	9,000	SH		SOLE		9,000	0	0
HCP INC	REITS	40414L109	3,485	84,250	SH		SOLE		84,250	0	0
HEALTH CARE REIT INC	REITS	42217K106	832	13,283	SH		SOLE		13,283	0	0
HEALTHCARE REALTY TRUST INC	REITS	421946104	99	3,900	SH		SOLE		3,900	0	0
HERSHA HOSPITALITY TRUST	REITS	427825104	40	5,900	SH		SOLE		5,900	0	0
HIGHWOOD PROPERTIES INC	REITS	431284108	503	12,000	SH		SOLE		12,000	0	0
HOME PROPERTIES INC	REITS	437306103	68	1,060	SH		SOLE		1,060	0	0
HOSPITALITY PROPERTIES TRUST	REITS	44106M102	796	26,168	SH		SOLE		26,168	0	0
HOST HOTELS & RESORTS INC	REITS	44107P104	727	33,048	SH		SOLE		33,048	0	0
INLAND REAL ESTATE CORP	REITS	457461200	375	35,300	SH		SOLE		35,300	0	0
INTEL CORP	Common Stock	458140100	708	22,900	SH		OTR		0	22,900	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	21,651	181,500	SH		SOLE		181,500	0	0
ISTAR FINANCIAL INC	REITS	45031U101	3	216	SH		SOLE		216	0	0
KILROY REALTY CORP	REITS	49427F108	142	2,280	SH		SOLE		2,280	0	0
KIMCO REALTY CORP	REITS	49446R109	1,181	51,377	SH		SOLE		51,377	0	0
KITE REALTY GROUP TRUST	REITS	49803T102	47	7,700	SH		SOLE		7,700	0	0
LASALLE HOTEL PROPERTIES	REITS	517942108	146	4,100	SH		SOLE		4,100	0	0
LIBERTY PROPERTY TRUST	REITS	531172104	1,170	30,850	SH		SOLE		30,850	0	0
LTC PROPERTIES INC	REITS	502175102	299	7,656	SH		SOLE		7,656	0	0
MACK-CALI REALTY CORPORATION	REITS	554489104	191	8,879	SH		SOLE		8,879	0	0
MICROSOFT CORP	Common Stock	594918104	634	15,200	SH		OTR		0	15,200	0
MID-AMERICA APARTMENT COMM INC	REITS	59522J103	1,326	18,155	SH		SOLE		18,155	0	0
MONMOUTH REIT CLASS A	REITS	609720107	153	15,275	SH		SOLE		15,275	0	0
NATIONAL OILWELL VARCO INC	Common Stock	637071101	679	8,250	SH		OTR		0	8,250	0
NATL HEALTH INVESTORS INC	REITS	63633D104	56	900	SH		SOLE		900	0	0
NOW INC/DE	Common Stock	67011P100	316	8,736	SH		OTR		0	8,736	0
OMEGA HEALTHCARE INVESTORS	REITS	681936100	287	7,778	SH		SOLE		7,778	0	0
ONE LIBERTY PROPERTIES INC	REITS	682406103	2,135	100,208	SH		SOLE		100,208	0	0
PARKWAY PROPERTIES INC	REITS	70159Q104	61	2,973	SH		SOLE		2,973	0	0
PENN REAL ESTATE INVEST TRUST	REITS	709102107	846	44,971	SH		SOLE		44,971	0	0
PIEDMONT OFFICE REALTY TRUST	REITS	720190206	396	20,932	SH		SOLE		20,932	0	0
POST PROPERTIES INC	REITS	737464107	233	4,350	SH		SOLE		4,350	0	0
PREFERRED APARTMENT COMMUN	REITS	74039L103	86	9,697	SH		SOLE		9,697	0	0
PROCTER & GAMBLE CO	Common Stock	742718109	454	5,775	SH		OTR		0	5,775	0
PROLOGIS INC	REITS	74340W103	925	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	5,223	30,490	SH		SOLE		30,490	0	0
RAMCO GERHENSON PROPERTIES	REITS	751452202	483	29,050	SH		SOLE		29,050	0	0
REGENCY CENTERS CORP	REITS	758849103	572	10,271	SH		SOLE		10,271	0	0
RETAIL PROPERTIES OF AMERICA	REITS	76131V202	432	28,114	SH		SOLE		28,114	0	0
ROUSE PROPERTIES INC	REITS	779287101	529	30,932	SH		SOLE		30,932	0	0
SABRA HEALTH CARE REIT INC	REITS	78573L106	550	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	1,606	54,231	SH		SOLE		54,231	0	0
SENIOR HOUSING PROP TRUST	REITS	81721M109	514	21,170	SH		SOLE		21,170	0	0
SIMON PROPERTY GROUP INC	REITS	828806109	6,208	37,346	SH		SOLE		37,346	0	0
SL GREEN	REITS	78440X101	779	7,121	SH		SOLE		7,121	0	0
SOVRAN SELF STORAGE INC	REITS	84610H108	787	10,186	SH		SOLE		10,186	0	0
SPIRIT REALTY CAPITAL	REITS	84860W102	15	1,300	SH		SOLE		1,300	0	0
STAPLES INC	Common Stock	855030102	272	25,100	SH		OTR		0	25,100	0
STRYKER CORP	Common Stock	863667101	523	6,200	SH		OTR		0	6,200	0
SUN COMMUNITIES INC	REITS	866674104	67	1,340	SH		SOLE		1,340	0	0
SUNSTONE HOTEL INVESTORS INC	REITS	867892101	20	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	2,489	32,848	SH		SOLE		32,848	0	0
TELEPHONE AND DATA SYSTEMS	Common Stock	879433829	305	11,700	SH		OTR		0	11,700	0
TERRENO REALTY CORP	REITS	88146M101	105	5,428	SH		SOLE		5,428	0	0
THE MACERICH CO	REITS	554382101	943	14,134	SH		SOLE		14,134	0	0
TIPTREE FINANCIAL INC	REITS	88822Q103	152	17,550	SH		SOLE		17,550	0	0
TOTAL SYSTEM SERVICES INC	Common Stock	891906109	377	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	919	32,102	SH		SOLE		32,102	0	0
UNIVERSAL HEALTH REALTY INCOME	REITS	91359E105	546	12,587	SH		SOLE		12,587	0	0
VALMONT INDUSTRIES	Common Stock	920253101	478	3,150	SH		OTR		0	3,150	0
VARIAN MEDICAL SYSTEMS	Common Stock	92220P105	490	5,900	SH		OTR		0	5,900	0
VENTAS INC	REITS	92276F100	4,628	72,215	SH		SOLE		72,215	0	0
VORNADO REALTY TRUST	REITS	929042109	4,108	38,495	SH		SOLE		38,495	0	0
WAL-MART STORES INC	Common Stock	931142103	510	6,800	SH		OTR		0	6,800	0
WASHINGTON PRIME GROUP INC	REITS	939647103	350	18,673	SH		SOLE		18,673	0	0
WASHINGTON REAL ESTATE INV	REITS	939653101	906	34,900	SH		SOLE		34,900	0	0
WEINGARTEN REALTY INVST	REITS	948741103	854	25,998	SH		SOLE		25,998	0	0
WELLS FARGO & COMPANY	Common Stock	949746101	678	12,900	SH		OTR		0	12,900	0
WHITESTONE REIT	REITS	966084204	180	12,082	SH		SOLE		12,082	0	0
WINTHROP REALTY TRUST	REITS	976391300	12	801	SH		SOLE		801	0	0