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	230	1,995	SH		OTR		0	1,995	0
AFLAC INC	Common Stock	001055102	574	7,990	SH		OTR		0	7,990	0
ALEXANDRIA REAL ESTATE EQUIT	REITS	015271109	1,433	13,174	SH		SOLE		13,174	0	0
ALLEGHANY CORP	Common Stock	017175100	157	300	SH		OTR		0	300	0
AMERICAN CAMPUS COMMUNITIES	REITS	024835100	700	13,751	SH		SOLE		13,751	0	0
AMERICAN CAPITAL AGENCY CORP	REITS	02503X105	137	7,025	SH		SOLE		7,025	0	0
AMERICAN EXPRESS COMPANY	Common Stock	025816109	493	7,703	SH		OTR		0	7,703	0
APACHE CORP	Common Stock	037411105	230	3,605	SH		OTR		0	3,605	0
APARTMENTS INVESTMENT	REITS	03748R101	1,092	23,794	SH		SOLE		23,794	0	0
AT & T INC	Common Stock	00206R102	457	11,250	SH		OTR		0	11,250	0
AVALONBAY COMMUNITIES INC	REITS	053484101	6,326	35,578	SH		SOLE		35,578	0	0
BERKSHIRE HATHAWAY INC.	Common Stock	084670702	585	4,054	SH		OTR		0	4,054	0
BOSTON PROPERTIES INC	REITS	101121101	3,399	24,943	SH		SOLE		24,943	0	0
BRANDYWINE REALTY TRUST	REITS	105368203	125	8,000	SH		SOLE		8,000	0	0
CAMDEN PROPERTY TRUST	REITS	133131102	1,043	12,455	SH		SOLE		12,455	0	0
CARE CAPITAL PROPERTIES INC	REITS	141624106	2,290	80,394	SH		SOLE		80,394	0	0
CBL & ASSOCIATES PROPERTIES	REITS	124830100	1,410	116,262	SH		SOLE		116,262	0	0
CHEVRON CORPORATION	Common Stock	166764100	558	5,420	SH		OTR		0	5,420	0
CITIGROUP INC	Common Stock	172967424	289	6,115	SH		OTR		0	6,115	0
CITY OFFICE REIT INC	REITS	178587101	221	17,400	SH		SOLE		17,400	0	0
COMMUNICATIONS SALES & LEASING	REITS	20341J104	681	21,669	SH		SOLE		21,669	0	0
CORENERGY INFRASTRUCTURE TRUST	REITS	21870U502	358	12,221	SH		SOLE		12,221	0	0
CORPORATE OFFICE PROPERTIES	REITS	22002T108	577	20,355	SH		SOLE		20,355	0	0
CORRECTIONS CORP OF AMERICA	REITS	22025Y407	1,687	121,603	SH		SOLE		121,603	0	0
CUBESMART	REITS	229663109	482	17,700	SH		SOLE		17,700	0	0
DCT INDUSTRIAL TRUST INC	REITS	233153204	90	1,860	SH		SOLE		1,860	0	0
DDR CORP	REITS	23317H102	766	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	301	3,100	SH		SOLE		3,100	0	0
DOUGLAS EMMETT INC	REITS	25960P109	491	13,400	SH		SOLE		13,400	0	0
DUKE REALTY CORP	REITS	264411505	847	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	172	2,340	SH		SOLE		2,340	0	0
EMERSON ELECTRIC CO	Common Stock	291011104	260	4,775	SH		OTR		0	4,775	0
EMPIRE STATE REALTY TRUST INC	REITS	292104106	220	10,494	SH		SOLE		10,494	0	0
EQUITY COMMONWEALTH	REITS	294628102	484	16,006	SH		SOLE		16,006	0	0
EQUITY LIFESTYLE PROPERTIES	REITS	29472R108	2,158	27,956	SH		SOLE		27,956	0	0
EQUITY RESIDENTIAL PROPS TR	REITS	29476L107	4,720	73,376	SH		SOLE		73,376	0	0
ESSEX PROPERTY TRUST INC	REITS	297178105	2,632	11,815	SH		SOLE		11,815	0	0
EXTRA SPACE STORAGE INC	REITS	30225T102	4,526	57,000	SH		SOLE		57,000	0	0
EXXON MOBIL CORP	Common Stock	30231G102	321	3,675	SH		OTR		0	3,675	0
FEDERAL REALTY INVS TRUST	REITS	313747206	1,120	7,277	SH		SOLE		7,277	0	0
FIRST INDUSTRIAL REALTY TR	REITS	32054K103	259	9,200	SH		SOLE		9,200	0	0
FIRST POTOMAC REALTY TRUST	REITS	33610F109	76	8,300	SH		SOLE		8,300	0	0
FRANLKLIN STREET PROPERTIES C	REITS	35471R106	156	12,414	SH		SOLE		12,414	0	0
GENERAL GROWTH PROPERTIES	REITS	370023103	3,537	128,162	SH		SOLE		128,162	0	0
HCP INC	REITS	40414L109	4,798	126,450	SH		SOLE		126,450	0	0
HEALTHCARE TRUST OF AMERICA IN	REITS	42225P501	204	6,250	SH		SOLE		6,250	0	0
HOSPITALITY PROPERTIES TRUST	REITS	44106M102	884	29,767	SH		SOLE		29,767	0	0
HOST HOTELS & RESORTS INC	REITS	44107P104	2,000	128,538	SH		SOLE		128,538	0	0
HYSTER YALE MATERIALS	Common Stock	449172105	185	3,075	SH		OTR		0	3,075	0
INTEL CORP	Common Stock	458140100	247	6,555	SH		OTR		0	6,555	0
IRON MOUNTAIN INC	REITS	46284V101	135	3,586	SH		SOLE		3,586	0	0
KILROY REALTY CORP	REITS	49427F108	158	2,280	SH		SOLE		2,280	0	0
KIMCO REALTY CORP	REITS	49446R109	763	26,377	SH		SOLE		26,377	0	0
KITE REALTY GROUP TRUST	REITS	49803T300	328	11,825	SH		SOLE		11,825	0	0
LASALLE HOTEL PROPERTIES	REITS	517942108	1,046	43,824	SH		SOLE		43,824	0	0
LIBERTY PROPERTY TRUST	REITS	531172104	155	3,850	SH		SOLE		3,850	0	0
LIFE STORAGE INC	REITS	53223X107	3,545	39,876	SH		SOLE		39,876	0	0
LTC PROPERTIES INC	REITS	502175102	87	1,680	SH		SOLE		1,680	0	0
MACK-CALI REALTY CORPORATION	REITS	554489104	606	22,279	SH		SOLE		22,279	0	0
MICROSOFT CORP	Common Stock	594918104	481	8,355	SH		OTR		0	8,355	0
MID-AMERICA APARTMENT COMM INC	REITS	59522J103	1,400	14,900	SH		SOLE		14,900	0	0
NATIONAL OILWELL VARCO INC	Common Stock	637071101	373	10,171	SH		OTR		0	10,171	0
NEW YORK REIT INC	REITS	64976L109	463	50,654	SH		SOLE		50,654	0	0
NOW INC/DE	Common Stock	67011P100	207	9,646	SH		OTR		0	9,646	0
OMEGA HEALTHCARE INVESTORS	REITS	681936100	479	13,528	SH		SOLE		13,528	0	0
ONE LIBERTY PROPERTIES INC	REITS	682406103	1,284	53,221	SH		SOLE		53,221	0	0
OWENS REALTY MORTGAGE INC	REITS	690828108	300	17,333	SH		SOLE		17,333	0	0
PARAMOUNT GROUP INC	REITS	69924R108	1,269	77,477	SH		SOLE		77,477	0	0
PENN REAL ESTATE INVEST TRUST	REITS	709102107	102	4,451	SH		SOLE		4,451	0	0
PIEDMONT OFFICE REALTY TRUST	REITS	720190206	509	23,372	SH		SOLE		23,372	0	0
POST PROPERTIES INC	REITS	737464107	668	10,097	SH		SOLE		10,097	0	0
PROCTER GAMBLE CO	Common Stock	742718109	347	3,876	SH		OTR		0	3,876	0
PROLOGIS INC	REITS	74340W103	1,682	31,423	SH		SOLE		31,423	0	0
PUBLIC STORAGE INC	REITS	74460D109	8,771	39,309	SH		SOLE		39,309	0	0
RAMCO GERHENSON PROPERTIES	REITS	751452202	220	11,750	SH		SOLE		11,750	0	0
REGENCY CENTERS CORP	REITS	758849103	571	7,371	SH		SOLE		7,371	0	0
RETAIL PROPERTIES OF AMERICA	REITS	76131V202	845	50,314	SH		SOLE		50,314	0	0
SELECT INCOME REIT	REITS	81618T100	2,538	94,426	SH		SOLE		94,426	0	0
SENIOR HOUSING PROP TRUST	REITS	81721M109	645	28,400	SH		SOLE		28,400	0	0
SIMON PROPERTY GROUP INC	REITS	828806109	10,846	52,390	SH		SOLE		52,390	0	0
SL GREEN	REITS	78440X101	964	8,921	SH		SOLE		8,921	0	0
SPIRIT REALTY CAPITAL	REITS	84860W102	80	6,015	SH		SOLE		6,015	0	0
STAPLES INC	Common Stock	855030102	256	29,940	SH		OTR		0	29,940	0
STRYKER CORP	Common Stock	863667101	303	2,605	SH		OTR		0	2,605	0
SUN COMMUNITIES INC	REITS	866674104	687	8,757	SH		SOLE		8,757	0	0
SUNSTONE HOTEL INVESTORS INC	REITS	867892101	212	16,616	SH		SOLE		16,616	0	0
TANGER FACTORY OUTLET CENTERS	REITS	875465106	3,303	84,789	SH		SOLE		84,789	0	0
TAUBMAN CENTERS INC	REITS	876664103	2,117	28,448	SH		SOLE		28,448	0	0
TELEPHONE AND DATA SYSTEMS	Common Stock	879433829	171	6,278	SH		OTR		0	6,278	0
THE MACERICH CO	REITS	554382101	957	11,834	SH		SOLE		11,834	0	0
TIER REIT INC	REITS	88650V208	686	44,477	SH		SOLE		44,477	0	0
UDR INC	REITS	902653104	420	11,662	SH		SOLE		11,662	0	0
VALMONT INDUSTRIES	Common Stock	920253101	263	1,956	SH		OTR		0	1,956	0
VARIAN MEDICAL SYSTEMS	Common Stock	92220P105	421	4,230	SH		OTR		0	4,230	0
VENTAS INC	REITS	92276F100	6,006	85,041	SH		SOLE		85,041	0	0
VEREIT INC	REITS	92339V100	124	12,000	SH		SOLE		12,000	0	0
VORNADO REALTY TRUST	REITS	929042109	3,642	35,995	SH		SOLE		35,995	0	0
WAL MART STORES INC	Common Stock	931142103	351	4,868	SH		OTR		0	4,868	0
WASHINGTON PRIME GROUP INC	REITS	93964W108	1,048	84,573	SH		SOLE		84,573	0	0
WASHINGTON REAL ESTATE INV	REITS	939653101	1	32	SH		SOLE		32	0	0
WEINGARTEN REALTY INVST	REITS	948741103	364	9,328	SH		SOLE		9,328	0	0
WELLS FARGO & COMPANY	Common Stock	949746101	633	14,300	SH		OTR		0	14,300	0
WELLTOWER INC	REITS	95040Q104	1,247	16,683	SH		SOLE		16,683	0	0