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
AETNA INC	Common Stock	00817Y108	433	3,400	SH		OTR		0	3,400	0
AFLAC INC	Common Stock	001055102	701	11,275	SH		OTR		0	11,275	0
ALEXANDRIA REAL ESTATE EQUIT	REITS	015271109	1,080	12,350	SH		SOLE		12,350	0	0
ALLEGHANY CORP	Common Stock	017175100	140	300	SH		OTR		0	300	0
AMERICAN CAMPUS COMMUNITIES	REITS	024835100	650	17,251	SH		SOLE		17,251	0	0
AMERICAN CAPITAL AGENCY CORP	REITS	02503X105	2,695	146,732	SH		SOLE		146,732	0	0
AMERICAN EXPRESS COMPANY	Common Stock	025816109	554	7,125	SH		OTR		0	7,125	0
APACHE CORP	Common Stock	037411105	137	2,375	SH		OTR		0	2,375	0
APARTMENTS INVESTMENT	REITS	03748R101	1,026	27,794	SH		SOLE		27,794	0	0
ASHFORD HOSPITALITY PRIME INC	REITS	044102101	66	4,374	SH		SOLE		4,374	0	0
AT & T INC	Common Stock	00206R102	502	14,150	SH		OTR		0	14,150	0
AVALONBAY COMMUNITIES INC	REITS	053484101	4,811	30,128	SH		SOLE		30,128	0	0
BERKSHIRE HATHAWAY INC.	Common Stock	084670702	585	4,300	SH		OTR		0	4,300	0
BIOMED REALTY TRUST INC	REITS	09063H107	405	20,976	SH		SOLE		20,976	0	0
BOSTON PROPERTIES INC	REITS	101121101	3,453	28,543	SH		SOLE		28,543	0	0
BRANDYWINE REALTY TRUST	REITS	105368203	106	8,000	SH		SOLE		8,000	0	0
CAMDEN PROPERTY TRUST	REITS	133131102	1,118	15,055	SH		SOLE		15,055	0	0
CBL & ASSOCIATES PROPERTIES	REITS	124830100	1,690	104,362	SH		SOLE		104,362	0	0
CHAMBERS STREET PROPERTIES	REITS	157842105	354	44,500	SH		SOLE		44,500	0	0
CHEVRON CORPORATION	Common Stock	166764100	583	6,050	SH		OTR		0	6,050	0
CITIGROUP INC	Common Stock	172967424	621	11,250	SH		OTR		0	11,250	0
CORENERGY INFRASTRUCTURE TRUST	REITS	21870U205	350	55,481	SH		SOLE		55,481	0	0
CORESITE REALTY CORP	REITS	21870Q105	227	5,000	SH		SOLE		5,000	0	0
CORPORATE OFFICE PROPERTIES	REITS	22002T108	1,350	57,355	SH		SOLE		57,355	0	0
CORRECTIONS CORP OF AMERICA	REITS	22025Y407	2,581	78,058	SH		SOLE		78,058	0	0
CUBESMART	REITS	229663109	664	28,700	SH		SOLE		28,700	0	0
DCT INDUSTRIAL TRUST INC	REITS	233153204	126	4,000	SH		SOLE		4,000	0	0
DDR CORP	REITS	23317H102	680	43,964	SH		SOLE		43,964	0	0
DIAMONDROCK HOSPITALITY CO	REITS	252784301	4	282	SH		SOLE		282	0	0
DIGITAL REALTY TRUST INC	REITS	253868103	173	2,600	SH		SOLE		2,600	0	0
DOUGLAS EMMETT INC	REITS	25960P109	431	16,000	SH		SOLE		16,000	0	0
DUKE REALTY CORP	REITS	264411505	549	29,565	SH		SOLE		29,565	0	0
DUPONT FABROS TECHNOLOGY INC	REITS	26613Q106	3	112	SH		SOLE		112	0	0
EASTGROUP PROPERTIES INC	REITS	277276101	618	11,000	SH		SOLE		11,000	0	0
EMERSON ELECTRIC CO	Common Stock	291011104	223	4,025	SH		OTR		0	4,025	0
EQUITY COMMONWEALTH	REITS	294628102	1,344	52,406	SH		SOLE		52,406	0	0
EQUITY LIFESTYLE PROPERTIES	REITS	29472R108	1,033	19,656	SH		SOLE		19,656	0	0
EQUITY ONE INC	REITS	294752100	718	30,770	SH		SOLE		30,770	0	0
EQUITY RESIDENTIAL PROPS TR	REITS	29476L107	4,494	64,076	SH		SOLE		64,076	0	0
ESSEX PROPERTY TRUST INC	REITS	297178105	522	2,460	SH		SOLE		2,460	0	0
FEDERAL REALTY INVS TRUST	REITS	313747206	910	7,107	SH		SOLE		7,107	0	0
FIRST INDUSTRIAL REALTY TR	REITS	32054K103	435	23,200	SH		SOLE		23,200	0	0
FIRST POTOMAC REALTY TRUST	REITS	33610F109	92	8,900	SH		SOLE		8,900	0	0
FRANLKLIN STREET PROPERTIES C	REITS	35471R106	151	13,314	SH		SOLE		13,314	0	0
GENERAL GROWTH PROPERTIES	REITS	370023103	1,338	52,162	SH		SOLE		52,162	0	0
HCP INC	REITS	40414L109	4,038	110,750	SH		SOLE		110,750	0	0
HEALTH CARE REIT INC	REITS	42217K106	2,052	31,283	SH		SOLE		31,283	0	0
HEALTHCARE TRUST OF AMERICA IN	REITS	42225P501	401	16,750	SH		SOLE		16,750	0	0
HOME PROPERTIES INC	REITS	437306103	1,224	16,760	SH		SOLE		16,760	0	0
HOSPITALITY PROPERTIES TRUST	REITS	44106M102	809	28,067	SH		SOLE		28,067	0	0
HOST HOTELS & RESORTS INC	REITS	44107P104	2,518	127,048	SH		SOLE		127,048	0	0
HYSTER YALE MATERIALS	Common Stock	449172105	137	1,975	SH		OTR		0	1,975	0
INTEL CORP	Common Stock	458140100	405	13,325	SH		OTR		0	13,325	0
IRON MOUNTAIN INC	REITS	46284V101	2,650	85,500	SH		SOLE		85,500	0	0
ISHARES Iboxx Investment Grade Corporate Bond Fund	Exchange Traded Fund	464287242	1,817	15,700	SH		SOLE		15,700	0	0
KILROY REALTY CORP	REITS	49427F108	153	2,280	SH		SOLE		2,280	0	0
KIMCO REALTY CORP	REITS	49446R109	1,849	82,077	SH		SOLE		82,077	0	0
KITE REALTY GROUP TRUST	REITS	49803T300	311	12,725	SH		SOLE		12,725	0	0
LIBERTY PROPERTY TRUST	REITS	531172104	349	10,850	SH		SOLE		10,850	0	0
LTC PROPERTIES INC	REITS	502175102	75	1,800	SH		SOLE		1,800	0	0
MACK-CALI REALTY CORPORATION	REITS	554489104	274	14,879	SH		SOLE		14,879	0	0
MICROSOFT CORP	Common Stock	594918104	588	13,325	SH		OTR		0	13,325	0
MID-AMERICA APARTMENT COMM INC	REITS	59522J103	201	2,755	SH		SOLE		2,755	0	0
NATIONAL OILWELL VARCO INC	Common Stock	637071101	461	9,550	SH		OTR		0	9,550	0
NATIONAL RETAIL PROPERTIES	REITS	637417106	175	5,000	SH		SOLE		5,000	0	0
NEW YORK REIT INC	REITS	64976L109	324	32,600	SH		SOLE		32,600	0	0
NOW INC/DE	Common Stock	67011P100	161	8,086	SH		OTR		0	8,086	0
OMEGA HEALTHCARE INVESTORS	REITS	681936100	464	13,528	SH		SOLE		13,528	0	0
ONE LIBERTY PROPERTIES INC	REITS	682406103	2,044	95,975	SH		SOLE		95,975	0	0
PARAMOUNT GROUP INC	REITS	69924R108	755	44,000	SH		SOLE		44,000	0	0
PENN REAL ESTATE INVEST TRUST	REITS	709102107	245	11,471	SH		SOLE		11,471	0	0
PIEDMONT OFFICE REALTY TRUST	REITS	720190206	25	1,407	SH		SOLE		1,407	0	0
POST PROPERTIES INC	REITS	737464107	1,592	29,302	SH		SOLE		29,302	0	0
PROCTER GAMBLE CO	Common Stock	742718109	485	6,200	SH		OTR		0	6,200	0
PROLOGIS INC	REITS	74340W103	1,777	47,923	SH		SOLE		47,923	0	0
PUBLIC STORAGE INC	REITS	74460D109	5,895	31,990	SH		SOLE		31,990	0	0
RAMCO GERHENSON PROPERTIES	REITS	751452202	192	11,750	SH		SOLE		11,750	0	0
REALTY INCOME CORPORATION	REITS	756109104	790	17,800	SH		SOLE		17,800	0	0
REGENCY CENTERS CORP	REITS	758849103	435	7,371	SH		SOLE		7,371	0	0
RETAIL PROPERTIES OF AMERICA	REITS	76131V202	701	50,314	SH		SOLE		50,314	0	0
SELECT INCOME REIT	REITS	81618T100	2,698	130,631	SH		SOLE		130,631	0	0
SIMON PROPERTY GROUP INC	REITS	828806109	7,788	45,037	SH		SOLE		45,037	0	0
SL GREEN	REITS	78440X101	431	3,921	SH		SOLE		3,921	0	0
SOVRAN SELF STORAGE INC	REITS	84610H108	216	2,486	SH		SOLE		2,486	0	0
SPIRIT REALTY CAPITAL	REITS	84860W102	252	26,015	SH		SOLE		26,015	0	0
STAPLES INC	Common Stock	855030102	130	8,500	SH		OTR		0	8,500	0
STRYKER CORP	Common Stock	863667101	449	4,700	SH		OTR		0	4,700	0
TANGER FACTORY OUTLET CENTERS	REITS	875465106	1,276	40,289	SH		SOLE		40,289	0	0
TAUBMAN CENTERS INC	REITS	876664103	2,952	42,448	SH		SOLE		42,448	0	0
TELEPHONE AND DATA SYSTEMS	Common Stock	879433829	240	8,150	SH		OTR		0	8,150	0
THE MACERICH CO	REITS	554382101	666	8,934	SH		SOLE		8,934	0	0
TOTAL SYSTEM SERVICES INC	Common Stock	891906109	296	7,100	SH		OTR		0	7,100	0
UDR INC	REITS	902653104	269	8,402	SH		SOLE		8,402	0	0
URBAN EDGE PROPERTIES	REITS	91704F104	83	4,000	SH		SOLE		4,000	0	0
VALMONT INDUSTRIES	Common Stock	920253101	255	2,150	SH		OTR		0	2,150	0
VARIAN MEDICAL SYSTEMS	Common Stock	92220P105	388	4,600	SH		OTR		0	4,600	0
VENTAS INC	REITS	92276F100	5,338	86,015	SH		SOLE		86,015	0	0
VORNADO REALTY TRUST	REITS	929042109	2,514	26,495	SH		SOLE		26,495	0	0
WAL-MART STORES INC	Common Stock	931142103	436	6,150	SH		OTR		0	6,150	0
WASHINGTON REAL ESTATE INV	REITS	939653101	1	32	SH		SOLE		32	0	0
WEINGARTEN REALTY INVST	REITS	948741103	425	12,998	SH		SOLE		12,998	0	0
WELLS FARGO & COMPANY	Common Stock	949746101	646	11,475	SH		OTR		0	11,475	0
WP GLIMCHER INC	REITS	92939N102	388	28,673	SH		SOLE		28,673	0	0