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	123	965	SH		OTR		0	965	0
Aflac Inc	Common Stock	001055102	408	5,630	SH		OTR		0	5,630	0
AGNC Investment Corp	REITS	00123Q104	136	6,832	SH		SOLE		6,832	0	0
Alexandria Real Estate Eqtys.	REITS	015271109	1,039	9,404	SH		SOLE		9,404	0	0
Alleghany Corporation	Common Stock	017175100	184	300	SH		OTR		0	300	0
American Campus Communities	REITS	024835100	654	13,751	SH		SOLE		13,751	0	0
American Express Company	Common Stock	025816109	560	7,073	SH		OTR		0	7,073	0
American Tower Corporation	REITS	03027X100	352	2,900	SH		SOLE		2,900	0	0
Apache Corporation	Common Stock	037411105	185	3,605	SH		OTR		0	3,605	0
Apartment Investmnt & Managemt	REITS	03748R101	1,038	23,394	SH		SOLE		23,394	0	0
AT&T Inc	Common Stock	00206R102	467	11,250	SH		OTR		0	11,250	0
AvalonBay Communities, Inc.	REITS	053484101	4,732	25,774	SH		SOLE		25,774	0	0
Berkshire Hathaway Inc	Common Stock	084670702	634	3,804	SH		OTR		0	3,804	0
Boston Properties, Inc.	REITS	101121101	3,634	27,443	SH		SOLE		27,443	0	0
Brandywine Realty Trust	REITS	105368203	130	8,000	SH		SOLE		8,000	0	0
Brixmor Property Group, Inc.	REITS	11120U105	558	26,000	SH		SOLE		26,000	0	0
Camden Property Trust	REITS	133131102	745	9,255	SH		SOLE		9,255	0	0
Care Capital Properties, Inc.	REITS	141624106	2,402	89,394	SH		SOLE		89,394	0	0
CBL & Associates Properties	REITS	124830100	635	66,515	SH		SOLE		66,515	0	0
Chevron Corporation	Common Stock	166764100	376	3,500	SH		OTR		0	3,500	0
Citigroup Inc	Common Stock	172967424	366	6,115	SH		OTR		0	6,115	0
City Office REIT, Inc.	REITS	178587101	211	17,400	SH		SOLE		17,400	0	0
CoreCivic, Inc.	REITS	21871N101	513	16,319	SH		SOLE		16,319	0	0
CorEnergy Infrastructure Trust	REITS	21870U502	396	11,720	SH		SOLE		11,720	0	0
Corporate Office Properties	REITS	22002T108	647	19,555	SH		SOLE		19,555	0	0
CubeSmart	REITS	229663109	979	37,700	SH		SOLE		37,700	0	0
DCT Industrial Trust, Inc.	REITS	233153204	90	1,860	SH		SOLE		1,860	0	0
DDR Corporation	REITS	23317H102	953	76,064	SH		SOLE		76,064	0	0
DiamondRock Hospitality Co.	REITS	252784301	3	282	SH		SOLE		282	0	0
Digital Realty Trust, Inc.	REITS	253868103	318	2,990	SH		SOLE		2,990	0	0
Douglas Emmett, Inc.	REITS	25960P109	399	10,400	SH		SOLE		10,400	0	0
Duke Realty Corporation	REITS	264411505	815	31,005	SH		SOLE		31,005	0	0
DuPont Fabros Technology, Inc.	REITS	26613Q106	6	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	237	3,965	SH		OTR		0	3,965	0
Empire State Realty Trust Inc.	REITS	292104106	217	10,494	SH		SOLE		10,494	0	0
Equity Commonwealth	REITS	294628102	482	15,431	SH		SOLE		15,431	0	0
Equity LifeStyle Properties, I	REITS	29472R108	2,154	27,956	SH		SOLE		27,956	0	0
Equity Residential	REITS	29476L107	4,503	72,376	SH		SOLE		72,376	0	0
Essex Property Trust, Inc.	REITS	297178105	2,071	8,945	SH		SOLE		8,945	0	0
Extra Space Storage, Inc.	REITS	30225T102	4,002	53,800	SH		SOLE		53,800	0	0
ExxonMobil Corporation	Common Stock	30231G102	301	3,675	SH		OTR		0	3,675	0
Federal Realty Investment	REITS	313747206	1,137	8,517	SH		SOLE		8,517	0	0
First Industrial Realty Trust	REITS	32054K103	245	9,200	SH		SOLE		9,200	0	0
First Potomac Realty Trust	REITS	33610F109	75	7,300	SH		SOLE		7,300	0	0
FIVE OAKS INVESTMENT CORP	REITS	33830W106	65	12,687	SH		SOLE		12,687	0	0
Forest City Realty Trust, Inc.	REITS	345605109	797	36,600	SH		SOLE		36,600	0	0
Franklin Street Properties Cor	REITS	35471R106	145	11,914	SH		SOLE		11,914	0	0
GGP, Inc.	REITS	36174X101	4,389	189,362	SH		SOLE		189,362	0	0
HCP, Inc.	REITS	40414L109	2,712	86,715	SH		SOLE		86,715	0	0
Healthcare Trust of America	REITS	42225P501	190	6,030	SH		SOLE		6,030	0	0
Hospitality Properties Trust	REITS	44106M102	746	23,667	SH		SOLE		23,667	0	0
Host Hotels & Resorts Inc.	REITS	44107P104	1,699	91,038	SH		SOLE		91,038	0	0
HYSTER YALE MATERIALS	Common Stock	449172105	173	3,075	SH		OTR		0	3,075	0
Intel Corporation	Common Stock	458140100	236	6,555	SH		OTR		0	6,555	0
Iron Mountain, Inc.	REITS	46284V101	30	853	SH		SOLE		853	0	0
Kilroy Realty Corporation	REITS	49427F108	164	2,280	SH		SOLE		2,280	0	0
Kimco Realty Corporation	REITS	49446R109	562	25,437	SH		SOLE		25,437	0	0
Kite Realty Group Trust	REITS	49803T300	245	11,405	SH		SOLE		11,405	0	0
LaSalle Hotel Properties	REITS	517942108	733	25,324	SH		SOLE		25,324	0	0
Liberty Property Trust	REITS	531172104	148	3,850	SH		SOLE		3,850	0	0
Life Storage, Inc.	REITS	53223X107	3,578	43,576	SH		SOLE		43,576	0	0
LTC Properties, Inc.	REITS	502175102	78	1,620	SH		SOLE		1,620	0	0
Macerich Company	REITS	554382101	1,477	22,934	SH		SOLE		22,934	0	0
Mack-Cali Realty Corp.	REITS	554489104	439	16,278	SH		SOLE		16,278	0	0
Microsoft Corporation	Common Stock	594918104	550	8,355	SH		OTR		0	8,355	0
Mid-America Apt. Communities	REITS	59522J103	1,910	18,771	SH		SOLE		18,771	0	0
National Oilwell Varco Inc	Common Stock	637071101	408	10,171	SH		OTR		0	10,171	0
New York REIT, Inc.	REITS	64976L109	471	48,654	SH		SOLE		48,654	0	0
NOW Inc	Common Stock	67011P100	164	9,646	SH		OTR		0	9,646	0
Omega Healthcare Investors Inc	REITS	681936100	446	13,528	SH		SOLE		13,528	0	0
One Liberty Properties, Inc.	REITS	682406103	1,158	49,577	SH		SOLE		49,577	0	0
OWENS REALTY MORTGAGE INC	REITS	690828108	298	16,742	SH		SOLE		16,742	0	0
Paramount Group, Inc.	REITS	69924R108	1,196	73,777	SH		SOLE		73,777	0	0
Pennsylvania REIT	REITS	709102107	141	9,291	SH		SOLE		9,291	0	0
Piedmont Office Realty Trust	REITS	720190206	436	20,372	SH		SOLE		20,372	0	0
Procter & Gamble Co	Common Stock	742718109	269	2,996	SH		OTR		0	2,996	0
Prologis, Inc.	REITS	74340W103	1,475	28,423	SH		SOLE		28,423	0	0
Public Storage	REITS	74460D109	7,773	35,509	SH		SOLE		35,509	0	0
Quality Care Properties	REITS	747545101	486	25,788	SH		SOLE		25,788	0	0
Ramco-Gershenson Properties	REITS	751452202	165	11,750	SH		SOLE		11,750	0	0
Regency Centers Corporation	REITS	758849103	489	7,371	SH		SOLE		7,371	0	0
Retail Properties of America	REITS	76131V202	685	47,514	SH		SOLE		47,514	0	0
Select Income REIT	REITS	81618T100	2,275	88,226	SH		SOLE		88,226	0	0
Senior Housing Properties Trus	REITS	81721M109	575	28,400	SH		SOLE		28,400	0	0
Simon Property Group, Inc.	REITS	828806109	9,897	57,530	SH		SOLE		57,530	0	0
SL Green Realty Corporation	REITS	78440X101	951	8,921	SH		SOLE		8,921	0	0
Spirit Realty Capital, Inc.	REITS	84860W102	223	22,015	SH		SOLE		22,015	0	0
Staples Inc	Common Stock	855030102	274	31,260	SH		OTR		0	31,260	0
STORE Capital Corporation	REITS	862121100	346	14,500	SH		SOLE		14,500	0	0
Stryker Corporation	Common Stock	863667101	343	2,605	SH		OTR		0	2,605	0
Sun Communities, Inc.	REITS	866674104	949	11,817	SH		SOLE		11,817	0	0
Sunstone Hotel Investors, Inc.	REITS	867892101	255	16,616	SH		SOLE		16,616	0	0
Tanger Factory Outlet Ctrs Inc	REITS	875465106	3,863	117,889	SH		SOLE		117,889	0	0
Taubman Centers, Inc.	REITS	876664103	1,812	27,448	SH		SOLE		27,448	0	0
Telephone & Data Systems Inc	Common Stock	879433829	167	6,298	SH		OTR		0	6,298	0
Tier REIT, Inc.	REITS	88650V208	962	55,438	SH		SOLE		55,438	0	0
UDR, Inc.	REITS	902653104	408	11,242	SH		SOLE		11,242	0	0
Uniti Group, Inc.	REITS	91325V108	2,208	85,435	SH		SOLE		85,435	0	0
Valmont Industries Inc	Common Stock	920253101	192	1,236	SH		OTR		0	1,236	0
Varex Imaging Corp	Common Stock	92214X106	255	7,598	SH		OTR		0	7,598	0
Varian Medical Systems Inc	Common Stock	92220P105	342	3,750	SH		OTR		0	3,750	0
Ventas, Inc.	REITS	92276F100	3,515	54,041	SH		SOLE		54,041	0	0
VEREIT, Inc.	REITS	92339V100	102	12,000	SH		SOLE		12,000	0	0
Vornado Realty Trust	REITS	929042109	3,101	30,915	SH		SOLE		30,915	0	0
Wal-Mart Stores Inc	Common Stock	931142103	351	4,868	SH		OTR		0	4,868	0
Washington Prime Grp,Inc.	REITS	93964W108	709	81,573	SH		SOLE		81,573	0	0
Washington Real Estate Invmt	REITS	939653101	1	32	SH		SOLE		32	0	0
Weingarten Realty Investors	REITS	948741103	524	15,698	SH		SOLE		15,698	0	0
Wells Fargo & Company	Common Stock	949746101	647	11,630	SH		OTR		0	11,630	0
Welltower, Inc.	REITS	95040Q104	4,361	61,583	SH		SOLE		61,583	0	0