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	372	3,400	SH		OTR		0	3,400	0
AFLAC INC	Common Stock	001055102	655	11,275	SH		OTR		0	11,275	0
ALEXANDRIA REAL ESTATE EQUIT	REITS	015271109	1,621	19,150	SH		SOLE		19,150	0	0
ALLEGHANY CORP	Common Stock	017175100	140	300	SH		OTR		0	300	0
AMERICAN CAMPUS COMMUNITIES	REITS	024835100	625	17,251	SH		SOLE		17,251	0	0
AMERICAN CAPITAL AGENCY CORP	REITS	02503X105	2,881	154,232	SH		SOLE		154,232	0	0
AMERICAN EXPRESS COMPANY	Common Stock	025816109	528	7,125	SH		OTR		0	7,125	0
APACHE CORP	Common Stock	037411105	117	2,975	SH		OTR		0	2,975	0
APARTMENTS INVESTMENT	REITS	03748R101	769	20,794	SH		SOLE		20,794	0	0
AT & T INC	Common Stock	00206R102	461	14,150	SH		OTR		0	14,150	0
AVALONBAY COMMUNITIES INC	REITS	053484101	5,263	30,128	SH		SOLE		30,128	0	0
BERKSHIRE HATHAWAY INC.	Common Stock	084670702	558	4,300	SH		OTR		0	4,300	0
BIOMED REALTY TRUST INC	REITS	09063H107	818	40,976	SH		SOLE		40,976	0	0
BOSTON PROPERTIES INC	REITS	101121101	3,794	32,043	SH		SOLE		32,043	0	0
BRANDYWINE REALTY TRUST	REITS	105368203	99	8,000	SH		SOLE		8,000	0	0
CAMDEN PROPERTY TRUST	REITS	133131102	854	11,555	SH		SOLE		11,555	0	0
CARE CAPITAL PROPERTIES INC	REITS	141624106	978	29,685	SH		SOLE		29,685	0	0
CBL & ASSOCIATES PROPERTIES	REITS	124830100	1,626	118,362	SH		SOLE		118,362	0	0
CHAMBERS STREET PROPERTIES	REITS	157842105	288	44,500	SH		SOLE		44,500	0	0
CHEVRON CORPORATION	Common Stock	166764100	477	6,050	SH		OTR		0	6,050	0
CITIGROUP INC	Common Stock	172967424	487	9,825	SH		OTR		0	9,825	0
CORENERGY INFRASTRUCTURE TRUST	REITS	21870U205	252	56,940	SH		SOLE		56,940	0	0
CORPORATE OFFICE PROPERTIES	REITS	22002T108	954	45,355	SH		SOLE		45,355	0	0
CORRECTIONS CORP OF AMERICA	REITS	22025Y407	2,979	100,858	SH		SOLE		100,858	0	0
CUBESMART	REITS	229663109	210	7,700	SH		SOLE		7,700	0	0
DCT INDUSTRIAL TRUST INC	REITS	233153204	67	2,000	SH		SOLE		2,000	0	0
DDR CORP	REITS	23317H102	676	43,964	SH		SOLE		43,964	0	0
DIAMONDROCK HOSPITALITY CO	REITS	252784301	3	282	SH		SOLE		282	0	0
DIGITAL REALTY TRUST INC	REITS	253868103	366	5,600	SH		SOLE		5,600	0	0
DOUGLAS EMMETT INC	REITS	25960P109	460	16,000	SH		SOLE		16,000	0	0
DUKE REALTY CORP	REITS	264411505	563	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	325	6,000	SH		SOLE		6,000	0	0
EMERSON ELECTRIC CO	Common Stock	291011104	235	5,325	SH		OTR		0	5,325	0
EQUITY COMMONWEALTH	REITS	294628102	1,198	44,006	SH		SOLE		44,006	0	0
EQUITY LIFESTYLE PROPERTIES	REITS	29472R108	2,866	48,956	SH		SOLE		48,956	0	0
EQUITY ONE INC	REITS	294752100	749	30,770	SH		SOLE		30,770	0	0
EQUITY RESIDENTIAL PROPS TR	REITS	29476L107	5,685	75,676	SH		SOLE		75,676	0	0
ESSEX PROPERTY TRUST INC	REITS	297178105	550	2,460	SH		SOLE		2,460	0	0
EXTRA SPACE STORAGE INC	REITS	30225T102	1,436	18,600	SH		SOLE		18,600	0	0
EXXON MOBIL CORP	Common Stock	30231G102	273	3,675	SH		OTR		0	3,675	0
FEDERAL REALTY INVS TRUST	REITS	313747206	970	7,107	SH		SOLE		7,107	0	0
FIRST INDUSTRIAL REALTY TR	REITS	32054K103	193	9,200	SH		SOLE		9,200	0	0
FIRST POTOMAC REALTY TRUST	REITS	33610F109	98	8,900	SH		SOLE		8,900	0	0
FRANLKLIN STREET PROPERTIES C	REITS	35471R106	143	13,314	SH		SOLE		13,314	0	0
GENERAL GROWTH PROPERTIES	REITS	370023103	1,874	72,162	SH		SOLE		72,162	0	0
HCP INC	REITS	40414L109	4,124	110,750	SH		SOLE		110,750	0	0
HEALTHCARE TRUST OF AMERICA IN	REITS	42225P501	165	6,750	SH		SOLE		6,750	0	0
HOSPITALITY PROPERTIES TRUST	REITS	44106M102	1,746	68,267	SH		SOLE		68,267	0	0
HOST HOTELS & RESORTS INC	REITS	44107P104	2,606	164,838	SH		SOLE		164,838	0	0
HYSTER YALE MATERIALS	Common Stock	449172105	137	2,375	SH		OTR		0	2,375	0
INTEL CORP	Common Stock	458140100	401	13,325	SH		OTR		0	13,325	0
IRON MOUNTAIN INC	REITS	46284V101	2,652	85,500	SH		SOLE		85,500	0	0
ISHARES Iboxx Investment Grade Corporate Bond Fund	Exchange Traded Fund	464287242	1,822	15,700	SH		SOLE		15,700	0	0
KILROY REALTY CORP	REITS	49427F108	149	2,280	SH		SOLE		2,280	0	0
KIMCO REALTY CORP	REITS	49446R109	2,005	82,077	SH		SOLE		82,077	0	0
KITE REALTY GROUP TRUST	REITS	49803T300	303	12,725	SH		SOLE		12,725	0	0
LASALLE HOTEL PROPERTIES	REITS	517942108	256	9,000	SH		SOLE		9,000	0	0
LIBERTY PROPERTY TRUST	REITS	531172104	27	850	SH		SOLE		850	0	0
LTC PROPERTIES INC	REITS	502175102	77	1,800	SH		SOLE		1,800	0	0
MACK-CALI REALTY CORPORATION	REITS	554489104	281	14,879	SH		SOLE		14,879	0	0
MICROSOFT CORP	Common Stock	594918104	589	13,325	SH		OTR		0	13,325	0
MID-AMERICA APARTMENT COMM INC	REITS	59522J103	345	4,211	SH		SOLE		4,211	0	0
NATIONAL OILWELL VARCO INC	Common Stock	637071101	360	9,550	SH		OTR		0	9,550	0
NATIONAL RETAIL PROPERTIES	REITS	637417106	181	5,000	SH		SOLE		5,000	0	0
NEW YORK REIT INC	REITS	64976L109	408	40,600	SH		SOLE		40,600	0	0
NOW INC/DE	Common Stock	67011P100	120	8,086	SH		OTR		0	8,086	0
OMEGA HEALTHCARE INVESTORS	REITS	681936100	476	13,528	SH		SOLE		13,528	0	0
ONE LIBERTY PROPERTIES INC	REITS	682406103	2,210	103,595	SH		SOLE		103,595	0	0
PARAMOUNT GROUP INC	REITS	69924R108	912	54,300	SH		SOLE		54,300	0	0
PENN REAL ESTATE INVEST TRUST	REITS	709102107	228	11,471	SH		SOLE		11,471	0	0
PIEDMONT OFFICE REALTY TRUST	REITS	720190206	418	23,372	SH		SOLE		23,372	0	0
POST PROPERTIES INC	REITS	737464107	1,317	22,597	SH		SOLE		22,597	0	0
PROCTER GAMBLE CO	Common Stock	742718109	445	6,200	SH		OTR		0	6,200	0
PROLOGIS INC	REITS	74340W103	1,475	37,923	SH		SOLE		37,923	0	0
PUBLIC STORAGE INC	REITS	74460D109	6,325	29,890	SH		SOLE		29,890	0	0
RAMCO GERHENSON PROPERTIES	REITS	751452202	177	11,750	SH		SOLE		11,750	0	0
REALTY INCOME CORPORATION	REITS	756109104	843	17,800	SH		SOLE		17,800	0	0
REGENCY CENTERS CORP	REITS	758849103	458	7,371	SH		SOLE		7,371	0	0
RETAIL PROPERTIES OF AMERICA	REITS	76131V202	708	50,314	SH		SOLE		50,314	0	0
SABRA HEALTH CARE REIT INC	REITS	78573L106	181	7,800	SH		SOLE		7,800	0	0
SELECT INCOME REIT	REITS	81618T100	3,008	158,631	SH		SOLE		158,631	0	0
SENIOR HOUSING PROP TRUST	REITS	81721M109	1,118	69,000	SH		SOLE		69,000	0	0
SIMON PROPERTY GROUP INC	REITS	828806109	9,010	49,037	SH		SOLE		49,037	0	0
SL GREEN	REITS	78440X101	424	3,921	SH		SOLE		3,921	0	0
SOVRAN SELF STORAGE INC	REITS	84610H108	423	4,486	SH		SOLE		4,486	0	0
SPIRIT REALTY CAPITAL	REITS	84860W102	329	36,015	SH		SOLE		36,015	0	0
STAPLES INC	Common Stock	855030102	100	8,500	SH		OTR		0	8,500	0
STRYKER CORP	Common Stock	863667101	364	3,875	SH		OTR		0	3,875	0
SUNSTONE HOTEL INVESTORS INC	REITS	867892101	225	17,000	SH		SOLE		17,000	0	0
TANGER FACTORY OUTLET CENTERS	REITS	875465106	2,581	78,289	SH		SOLE		78,289	0	0
TAUBMAN CENTERS INC	REITS	876664103	3,043	44,048	SH		SOLE		44,048	0	0
TELEPHONE AND DATA SYSTEMS	Common Stock	879433829	204	8,150	SH		OTR		0	8,150	0
THE MACERICH CO	REITS	554382101	1,132	14,734	SH		SOLE		14,734	0	0
TOTAL SYSTEM SERVICES INC	Common Stock	891906109	259	5,700	SH		OTR		0	5,700	0
UDR INC	REITS	902653104	431	12,502	SH		SOLE		12,502	0	0
URBAN EDGE PROPERTIES	REITS	91704F104	86	4,000	SH		SOLE		4,000	0	0
VALMONT INDUSTRIES	Common Stock	920253101	204	2,150	SH		OTR		0	2,150	0
VARIAN MEDICAL SYSTEMS	Common Stock	92220P105	339	4,600	SH		OTR		0	4,600	0
VENTAS INC	REITS	92276F100	5,646	100,741	SH		SOLE		100,741	0	0
VORNADO REALTY TRUST	REITS	929042109	2,694	29,795	SH		SOLE		29,795	0	0
WAL-MART STORES INC	Common Stock	931142103	399	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	430	12,998	SH		SOLE		12,998	0	0
WELLS FARGO & COMPANY	Common Stock	949746101	589	11,475	SH		OTR		0	11,475	0
WELLTOWER INC	REITS	95040Q104	2,118	31,283	SH		SOLE		31,283	0	0
WP GLIMCHER INC	REITS	92939N102	497	42,673	SH		SOLE		42,673	0	0