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	244	1,995	SH		OTR		0	1,995	0
AFLAC INC	Common Stock	001055102	656	9,090	SH		OTR		0	9,090	0
ALEXANDRIA REAL ESTATE EQUIT	REITS	015271109	1,467	14,174	SH		SOLE		14,174	0	0
ALLEGHANY CORP	Common Stock	017175100	165	300	SH		OTR		0	300	0
AMERICAN CAMPUS COMMUNITIES	REITS	024835100	727	13,751	SH		SOLE		13,751	0	0
AMERICAN CAPITAL AGENCY CORP	REITS	02503X105	235	11,886	SH		SOLE		11,886	0	0
AMERICAN EXPRESS COMPANY	Common Stock	025816109	468	7,703	SH		OTR		0	7,703	0
APACHE CORP	Common Stock	037411105	201	3,605	SH		OTR		0	3,605	0
APARTMENTS INVESTMENT	REITS	03748R101	1,051	23,794	SH		SOLE		23,794	0	0
AT & T INC	Common Stock	00206R102	486	11,250	SH		OTR		0	11,250	0
AVALONBAY COMMUNITIES INC	REITS	053484101	7,129	39,528	SH		SOLE		39,528	0	0
BERKSHIRE HATHAWAY INC.	Common Stock	084670702	587	4,054	SH		OTR		0	4,054	0
BOSTON PROPERTIES INC	REITS	101121101	4,161	31,543	SH		SOLE		31,543	0	0
BRANDYWINE REALTY TRUST	REITS	105368203	134	8,000	SH		SOLE		8,000	0	0
CAMDEN PROPERTY TRUST	REITS	133131102	1,101	12,455	SH		SOLE		12,455	0	0
CARE CAPITAL PROPERTIES INC	REITS	141624106	1,932	73,785	SH		SOLE		73,785	0	0
CBL & ASSOCIATES PROPERTIES	REITS	124830100	2,731	293,662	SH		SOLE		293,662	0	0
CHEVRON CORPORATION	Common Stock	166764100	568	5,420	SH		OTR		0	5,420	0
CITIGROUP INC	Common Stock	172967424	259	6,115	SH		OTR		0	6,115	0
CITY OFFICE REIT INC	REITS	178587101	226	17,400	SH		SOLE		17,400	0	0
COMMUNICATIONS SALES & LEASING	REITS	20341J104	2,743	94,917	SH		SOLE		94,917	0	0
CORENERGY INFRASTRUCTURE TRUST	REITS	21870U502	368	12,775	SH		SOLE		12,775	0	0
CORPORATE OFFICE PROPERTIES	REITS	22002T108	646	21,855	SH		SOLE		21,855	0	0
CORRECTIONS CORP OF AMERICA	REITS	22025Y407	3,734	106,603	SH		SOLE		106,603	0	0
CUBESMART	REITS	229663109	238	7,700	SH		SOLE		7,700	0	0
DCT INDUSTRIAL TRUST INC	REITS	233153204	96	2,000	SH		SOLE		2,000	0	0
DDR CORP	REITS	23317H102	798	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	338	3,100	SH		SOLE		3,100	0	0
DOUGLAS EMMETT INC	REITS	25960P109	476	13,400	SH		SOLE		13,400	0	0
DUKE REALTY CORP	REITS	264411505	826	31,005	SH		SOLE		31,005	0	0
DUPONT FABROS TECHNOLOGY INC	REITS	26613Q106	5	112	SH		SOLE		112	0	0
EASTGROUP PROPERTIES INC	REITS	277276101	173	2,510	SH		SOLE		2,510	0	0
EMERSON ELECTRIC CO	Common Stock	291011104	348	6,675	SH		OTR		0	6,675	0
EMPIRE STATE REALTY TRUST INC	REITS	292104106	199	10,494	SH		SOLE		10,494	0	0
EQUITY COMMONWEALTH	REITS	294628102	1,281	44,006	SH		SOLE		44,006	0	0
EQUITY LIFESTYLE PROPERTIES	REITS	29472R108	2,398	29,956	SH		SOLE		29,956	0	0
EQUITY RESIDENTIAL PROPS TR	REITS	29476L107	5,625	81,676	SH		SOLE		81,676	0	0
ESSEX PROPERTY TRUST INC	REITS	297178105	2,716	11,910	SH		SOLE		11,910	0	0
EXTRA SPACE STORAGE INC	REITS	30225T102	4,414	47,700	SH		SOLE		47,700	0	0
EXXON MOBIL CORP	Common Stock	30231G102	344	3,675	SH		OTR		0	3,675	0
FEDERAL REALTY INVS TRUST	REITS	313747206	1,293	7,807	SH		SOLE		7,807	0	0
FIRST INDUSTRIAL REALTY TR	REITS	32054K103	256	9,200	SH		SOLE		9,200	0	0
FIRST POTOMAC REALTY TRUST	REITS	33610F109	82	8,900	SH		SOLE		8,900	0	0
FRANLKLIN STREET PROPERTIES C	REITS	35471R106	163	13,314	SH		SOLE		13,314	0	0
GENERAL GROWTH PROPERTIES	REITS	370023103	4,032	135,162	SH		SOLE		135,162	0	0
HCP INC	REITS	40414L109	5,357	151,450	SH		SOLE		151,450	0	0
HEALTHCARE TRUST OF AMERICA IN	REITS	42225P501	218	6,750	SH		SOLE		6,750	0	0
HOSPITALITY PROPERTIES TRUST	REITS	44106M102	1,159	40,267	SH		SOLE		40,267	0	0
HOST HOTELS & RESORTS INC	REITS	44107P104	2,622	161,838	SH		SOLE		161,838	0	0
HYSTER YALE MATERIALS	Common Stock	449172105	141	2,375	SH		OTR		0	2,375	0
INTEL CORP	Common Stock	458140100	215	6,555	SH		OTR		0	6,555	0
IRON MOUNTAIN INC	REITS	46284V101	382	9,586	SH		SOLE		9,586	0	0
ISHARES IBOXX INVESTMENT GRADE CORPORATE BOND FUND	Exchange Traded Fund	464287242	1,927	15,700	SH		SOLE		15,700	0	0
KILROY REALTY CORP	REITS	49427F108	151	2,280	SH		SOLE		2,280	0	0
KIMCO REALTY CORP	REITS	49446R109	1,044	33,277	SH		SOLE		33,277	0	0
KITE REALTY GROUP TRUST	REITS	49803T300	357	12,725	SH		SOLE		12,725	0	0
LASALLE HOTEL PROPERTIES	REITS	517942108	1,033	43,824	SH		SOLE		43,824	0	0
LIBERTY PROPERTY TRUST	REITS	531172104	153	3,850	SH		SOLE		3,850	0	0
LTC PROPERTIES INC	REITS	502175102	93	1,800	SH		SOLE		1,800	0	0
MACK-CALI REALTY CORPORATION	REITS	554489104	645	23,879	SH		SOLE		23,879	0	0
MICROSOFT CORP	Common Stock	594918104	428	8,355	SH		OTR		0	8,355	0
NATIONAL OILWELL VARCO INC	Common Stock	637071101	342	10,171	SH		OTR		0	10,171	0
NATIONAL RETAIL PROPERTIES	REITS	637417106	259	5,000	SH		SOLE		5,000	0	0
NEW YORK REIT INC	REITS	64976L109	468	50,654	SH		SOLE		50,654	0	0
NOW INC/DE	Common Stock	67011P100	175	9,646	SH		OTR		0	9,646	0
OMEGA HEALTHCARE INVESTORS	REITS	681936100	459	13,528	SH		SOLE		13,528	0	0
ONE LIBERTY PROPERTIES INC	REITS	682406103	1,928	80,958	SH		SOLE		80,958	0	0
OWENS REALTY MORTGAGE INC	REITS	690828108	309	18,583	SH		SOLE		18,583	0	0
PARAMOUNT GROUP INC	REITS	69924R108	1,297	81,401	SH		SOLE		81,401	0	0
PENN REAL ESTATE INVEST TRUST	REITS	709102107	102	4,771	SH		SOLE		4,771	0	0
PIEDMONT OFFICE REALTY TRUST	REITS	720190206	503	23,372	SH		SOLE		23,372	0	0
POST PROPERTIES INC	REITS	737464107	983	16,097	SH		SOLE		16,097	0	0
PROCTER GAMBLE CO	Common Stock	742718109	404	4,776	SH		OTR		0	4,776	0
PROLOGIS INC	REITS	74340W103	1,653	33,723	SH		SOLE		33,723	0	0
PUBLIC STORAGE INC	REITS	74460D109	7,637	29,890	SH		SOLE		29,890	0	0
RAMCO GERHENSON PROPERTIES	REITS	751452202	230	11,750	SH		SOLE		11,750	0	0
REGENCY CENTERS CORP	REITS	758849103	617	7,371	SH		SOLE		7,371	0	0
RETAIL PROPERTIES OF AMERICA	REITS	76131V202	850	50,314	SH		SOLE		50,314	0	0
SELECT INCOME REIT	REITS	81618T100	3,342	128,576	SH		SOLE		128,576	0	0
SENIOR HOUSING PROP TRUST	REITS	81721M109	635	30,500	SH		SOLE		30,500	0	0
SIMON PROPERTY GROUP INC	REITS	828806109	11,739	54,120	SH		SOLE		54,120	0	0
SL GREEN	REITS	78440X101	417	3,921	SH		SOLE		3,921	0	0
SOVRAN SELF STORAGE INC	REITS	84610H108	3,404	32,456	SH		SOLE		32,456	0	0
SPIRIT REALTY CAPITAL	REITS	84860W102	77	6,015	SH		SOLE		6,015	0	0
STAPLES INC	Common Stock	855030102	258	29,940	SH		OTR		0	29,940	0
STRYKER CORP	Common Stock	863667101	312	2,605	SH		OTR		0	2,605	0
SUN COMMUNITIES INC	REITS	866674104	245	3,200	SH		SOLE		3,200	0	0
SUNSTONE HOTEL INVESTORS INC	REITS	867892101	200	16,616	SH		SOLE		16,616	0	0
TANGER FACTORY OUTLET CENTERS	REITS	875465106	3,406	84,789	SH		SOLE		84,789	0	0
TAUBMAN CENTERS INC	REITS	876664103	2,259	30,448	SH		SOLE		30,448	0	0
TELEPHONE AND DATA SYSTEMS	Common Stock	879433829	186	6,278	SH		OTR		0	6,278	0
THE MACERICH CO	REITS	554382101	1,258	14,734	SH		SOLE		14,734	0	0
UDR INC	REITS	902653104	462	12,502	SH		SOLE		12,502	0	0
VALMONT INDUSTRIES	Common Stock	920253101	265	1,956	SH		OTR		0	1,956	0
VARIAN MEDICAL SYSTEMS	Common Stock	92220P105	348	4,230	SH		OTR		0	4,230	0
VENTAS INC	REITS	92276F100	6,410	88,041	SH		SOLE		88,041	0	0
VEREIT INC	REITS	92339V100	122	12,000	SH		SOLE		12,000	0	0
VORNADO REALTY TRUST	REITS	929042109	3,863	38,595	SH		SOLE		38,595	0	0
WAL-MART STORES INC	Common Stock	931142103	355	4,868	SH		OTR		0	4,868	0
WASHINGTON REAL ESTATE INV	REITS	939653101	1	32	SH		SOLE		32	0	0
WEINGARTEN REALTY INVST	REITS	948741103	408	9,998	SH		SOLE		9,998	0	0
WELLS FARGO & COMPANY	Common Stock	949746101	458	9,680	SH		OTR		0	9,680	0
WELLTOWER INC	REITS	95040Q104	1,476	19,383	SH		SOLE		19,383	0	0
WP GLIMCHER INC	REITS	92939N102	1,014	90,673	SH		SOLE		90,673	0	0