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	120	965	SH		OTR		0	965	0
AFLAC INC	Common Stock	001055102	462	6,630	SH		OTR		0	6,630	0
AGNC INVESTMENT CORP	REITS	00123Q104	124	6,832	SH		SOLE		6,832	0	0
ALEXANDRIA REAL ESTATE EQUIT	REITS	015271109	1,278	11,504	SH		SOLE		11,504	0	0
ALLEGHANY CORP	Common Stock	017175100	183	300	SH		OTR		0	300	0
AMERICAN CAMPUS COMMUNITIES	REITS	024835100	685	13,751	SH		SOLE		13,751	0	0
AMERICAN EXPRESS COMPANY	Common Stock	025816109	571	7,703	SH		OTR		0	7,703	0
AMERICAN TOWER CORP	REITS	03027X100	307	2,900	SH		SOLE		2,900	0	0
APACHE CORP	Common Stock	037411105	229	3,605	SH		OTR		0	3,605	0
APARTMENTS INVESTMENT	REITS	03748R101	1,063	23,394	SH		SOLE		23,394	0	0
AT & T INC	Common Stock	00206R102	479	11,250	SH		OTR		0	11,250	0
AVALONBAY COMMUNITIES INC	REITS	053484101	4,798	27,074	SH		SOLE		27,074	0	0
BERKSHIRE HATHAWAY INC.	Common Stock	084670702	661	4,054	SH		OTR		0	4,054	0
BOSTON PROPERTIES INC	REITS	101121101	3,453	27,443	SH		SOLE		27,443	0	0
BRANDYWINE REALTY TRUST	REITS	105368203	132	8,000	SH		SOLE		8,000	0	0
CAMDEN PROPERTY TRUST	REITS	133131102	778	9,255	SH		SOLE		9,255	0	0
CARE CAPITAL PROPERTIES INC	REITS	141624106	1,934	77,394	SH		SOLE		77,394	0	0
CBL & ASSOCIATES PROPERTIES	REITS	124830100	1,196	103,962	SH		SOLE		103,962	0	0
CHEVRON CORPORATION	Common Stock	166764100	519	4,410	SH		OTR		0	4,410	0
CITIGROUP INC	Common Stock	172967424	363	6,115	SH		OTR		0	6,115	0
CITY OFFICE REIT INC	REITS	178587101	229	17,400	SH		SOLE		17,400	0	0
COMMUNICATIONS SALES & LEASING	REITS	20341J104	2,171	85,435	SH		SOLE		85,435	0	0
CORECIVIC INC	REITS	21871N101	2,023	82,719	SH		SOLE		82,719	0	0
CORENERGY INFRASTRUCTURE TRUST	REITS	21870U502	409	11,720	SH		SOLE		11,720	0	0
CORPORATE OFFICE PROPERTIES	REITS	22002T108	611	19,555	SH		SOLE		19,555	0	0
CUBESMART	REITS	229663109	1,009	37,700	SH		SOLE		37,700	0	0
DCT INDUSTRIAL TRUST INC	REITS	233153204	89	1,860	SH		SOLE		1,860	0	0
DDR CORP	REITS	23317H102	856	56,064	SH		SOLE		56,064	0	0
DIAMONDROCK HOSPITALITY CO	REITS	252784301	3	282	SH		SOLE		282	0	0
DIGITAL REALTY TRUST INC	REITS	253868103	294	2,990	SH		SOLE		2,990	0	0
DOUGLAS EMMETT INC	REITS	25960P109	380	10,400	SH		SOLE		10,400	0	0
DUKE REALTY CORP	REITS	264411505	823	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	2,340	SH		SOLE		2,340	0	0
EMERSON ELECTRIC CO	Common Stock	291011104	221	3,965	SH		OTR		0	3,965	0
EMPIRE STATE REALTY TRUST INC	REITS	292104106	211	10,494	SH		SOLE		10,494	0	0
EQUITY COMMONWEALTH	REITS	294628102	467	15,431	SH		SOLE		15,431	0	0
EQUITY LIFESTYLE PROPERTIES	REITS	29472R108	2,016	27,956	SH		SOLE		27,956	0	0
EQUITY RESIDENTIAL PROPS TR	REITS	29476L107	4,658	72,376	SH		SOLE		72,376	0	0
ESSEX PROPERTY TRUST INC	REITS	297178105	2,337	10,045	SH		SOLE		10,045	0	0
EXTRA SPACE STORAGE INC	REITS	30225T102	4,403	57,000	SH		SOLE		57,000	0	0
EXXON MOBIL CORP	Common Stock	30231G102	332	3,675	SH		OTR		0	3,675	0
FEDERAL REALTY INVS TRUST	REITS	313747206	997	7,017	SH		SOLE		7,017	0	0
FIRST INDUSTRIAL REALTY TR	REITS	32054K103	258	9,200	SH		SOLE		9,200	0	0
FIRST POTOMAC REALTY TRUST	REITS	33610F109	80	7,300	SH		SOLE		7,300	0	0
FIVE OAKS INVESTMENT CORP	REITS	33830W106	63	12,687	SH		SOLE		12,687	0	0
FOREST CITY REALTY TRUST	REITS	345605109	763	36,600	SH		SOLE		36,600	0	0
FRANLKLIN STREET PROPERTIES C	REITS	35471R106	154	11,914	SH		SOLE		11,914	0	0
GENERAL GROWTH PROPERTIES	REITS	370023103	4,102	164,162	SH		SOLE		164,162	0	0
HCP INC	REITS	40414L109	2,818	94,715	SH		SOLE		94,715	0	0
HEALTHCARE TRUST OF AMERICA IN	REITS	42225P501	175	6,030	SH		SOLE		6,030	0	0
HOSPITALITY PROPERTIES TRUST	REITS	44106M102	751	23,667	SH		SOLE		23,667	0	0
HOST HOTELS & RESORTS INC	REITS	44107P104	1,971	104,538	SH		SOLE		104,538	0	0
HYSTER YALE MATERIALS	Common Stock	449172105	196	3,075	SH		OTR		0	3,075	0
INTEL CORP	Common Stock	458140100	238	6,555	SH		OTR		0	6,555	0
IRON MOUNTAIN INC	REITS	46284V101	28	853	SH		SOLE		853	0	0
KILROY REALTY CORP	REITS	49427F108	167	2,280	SH		SOLE		2,280	0	0
KIMCO REALTY CORP	REITS	49446R109	640	25,437	SH		SOLE		25,437	0	0
KITE REALTY GROUP TRUST	REITS	49803T300	267	11,405	SH		SOLE		11,405	0	0
LASALLE HOTEL PROPERTIES	REITS	517942108	772	25,324	SH		SOLE		25,324	0	0
LIBERTY PROPERTY TRUST	REITS	531172104	152	3,850	SH		SOLE		3,850	0	0
LIFE STORAGE INC	REITS	53223X107	3,938	46,176	SH		SOLE		46,176	0	0
LTC PROPERTIES INC	REITS	502175102	76	1,620	SH		SOLE		1,620	0	0
MACK-CALI REALTY CORPORATION	REITS	554489104	472	16,278	SH		SOLE		16,278	0	0
MICROSOFT CORP	Common Stock	594918104	519	8,355	SH		OTR		0	8,355	0
MID-AMERICA APARTMENT COMM INC	REITS	59522J103	2,083	21,273	SH		SOLE		21,273	0	0
NATIONAL OILWELL VARCO INC	Common Stock	637071101	381	10,171	SH		OTR		0	10,171	0
NATIONAL RETAIL PROPERTIES	REITS	637417106	97	2,200	SH		SOLE		2,200	0	0
NEW YORK REIT INC	REITS	64976L109	493	48,654	SH		SOLE		48,654	0	0
NOW INC/DE	Common Stock	67011P100	197	9,646	SH		OTR		0	9,646	0
OMEGA HEALTHCARE INVESTORS	REITS	681936100	423	13,528	SH		SOLE		13,528	0	0
ONE LIBERTY PROPERTIES INC	REITS	682406103	1,119	44,577	SH		SOLE		44,577	0	0
OWENS REALTY MORTGAGE INC	REITS	690828108	310	16,742	SH		SOLE		16,742	0	0
PARAMOUNT GROUP INC	REITS	69924R108	1,180	73,777	SH		SOLE		73,777	0	0
PENN REAL ESTATE INVEST TRUST	REITS	709102107	176	9,291	SH		SOLE		9,291	0	0
PIEDMONT OFFICE REALTY TRUST	REITS	720190206	426	20,372	SH		SOLE		20,372	0	0
PROCTER GAMBLE CO	Common Stock	742718109	252	2,996	SH		OTR		0	2,996	0
PROLOGIS INC	REITS	74340W103	1,501	28,423	SH		SOLE		28,423	0	0
PUBLIC STORAGE INC	REITS	74460D109	8,624	38,609	SH		SOLE		38,609	0	0
QUALITY CARE PROPERTIES	REITS	747545101	400	25,788	SH		SOLE		25,788	0	0
RAMCO GERHENSON PROPERTIES	REITS	751452202	195	11,750	SH		SOLE		11,750	0	0
REGENCY CENTERS CORP	REITS	758849103	508	7,371	SH		SOLE		7,371	0	0
RETAIL PROPERTIES OF AMERICA	REITS	76131V202	744	48,514	SH		SOLE		48,514	0	0
SELECT INCOME REIT	REITS	81618T100	2,465	97,826	SH		SOLE		97,826	0	0
SENIOR HOUSING PROP TRUST	REITS	81721M109	538	28,400	SH		SOLE		28,400	0	0
SIMON PROPERTY GROUP INC	REITS	828806109	9,771	54,890	SH		SOLE		54,890	0	0
SL GREEN	REITS	78440X101	959	8,921	SH		SOLE		8,921	0	0
SPIRIT REALTY CAPITAL	REITS	84860W102	239	22,015	SH		SOLE		22,015	0	0
STAPLES INC	Common Stock	855030102	283	31,260	SH		OTR		0	31,260	0
STORE CAPITAL CORP	REITS	862121100	74	3,000	SH		SOLE		3,000	0	0
STRYKER CORP	Common Stock	863667101	312	2,605	SH		OTR		0	2,605	0
SUN COMMUNITIES INC	REITS	866674104	906	11,817	SH		SOLE		11,817	0	0
SUNSTONE HOTEL INVESTORS INC	REITS	867892101	253	16,616	SH		SOLE		16,616	0	0
TANGER FACTORY OUTLET CENTERS	REITS	875465106	3,035	84,789	SH		SOLE		84,789	0	0
TAUBMAN CENTERS INC	REITS	876664103	2,029	27,448	SH		SOLE		27,448	0	0
TELEPHONE AND DATA SYSTEMS	Common Stock	879433829	122	4,218	SH		OTR		0	4,218	0
THE MACERICH CO	REITS	554382101	810	11,434	SH		SOLE		11,434	0	0
TIER REIT INC	REITS	88650V208	964	55,438	SH		SOLE		55,438	0	0
UDR INC	REITS	902653104	410	11,242	SH		SOLE		11,242	0	0
VALMONT INDUSTRIES	Common Stock	920253101	174	1,236	SH		OTR		0	1,236	0
VARIAN MEDICAL SYSTEMS	Common Stock	92220P105	337	3,750	SH		OTR		0	3,750	0
VENTAS INC	REITS	92276F100	3,629	58,041	SH		SOLE		58,041	0	0
VEREIT INC	REITS	92339V100	101	12,000	SH		SOLE		12,000	0	0
VORNADO REALTY TRUST	REITS	929042109	3,519	33,715	SH		SOLE		33,715	0	0
WAL MART STORES INC	Common Stock	931142103	337	4,868	SH		OTR		0	4,868	0
WASHINGTON PRIME GROUP INC	REITS	93964W108	850	81,573	SH		SOLE		81,573	0	0
WASHINGTON REAL ESTATE INV	REITS	939653101	1	32	SH		SOLE		32	0	0
WEINGARTEN REALTY INVST	REITS	948741103	322	8,998	SH		SOLE		8,998	0	0
WELLS FARGO & COMPANY	Common Stock	949746101	641	11,630	SH		OTR		0	11,630	0
WELLTOWER INC	REITS	95040Q104	3,921	58,583	SH		SOLE		58,583	0	0