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	139	915	SH		OTR		0	915	0
Aflac Inc	Common Stock	001055102	396	5,100	SH		OTR		0	5,100	0
AGNC Investment Corp	REITS	00123Q104	145	6,832	SH		SOLE		6,832	0	0
Alexandria Real Estate Eqtys.	REITS	015271109	1,133	9,404	SH		SOLE		9,404	0	0
Alleghany Corporation	Common Stock	017175100	155	260	SH		OTR		0	260	0
American Campus Communities	REITS	024835100	650	13,751	SH		SOLE		13,751	0	0
American Express Company	Common Stock	025816109	566	6,713	SH		OTR		0	6,713	0
Apache Corporation	Common Stock	037411105	148	3,085	SH		OTR		0	3,085	0
Apartment Investmnt & Managemt	REITS	03748R101	1,005	23,394	SH		SOLE		23,394	0	0
AT&T Inc	Common Stock	00206R102	406	10,770	SH		OTR		0	10,770	0
AutoZone Inc	Common Stock	053332102	285	500	SH		OTR		0	500	0
AvalonBay Communities, Inc.	REITS	053484101	4,376	22,774	SH		SOLE		22,774	0	0
Berkshire Hathaway Inc	Common Stock	084670702	612	3,614	SH		OTR		0	3,614	0
Boston Properties, Inc.	REITS	101121101	3,499	28,443	SH		SOLE		28,443	0	0
Brandywine Realty Trust	REITS	105368203	140	8,000	SH		SOLE		8,000	0	0
Brixmor Property Group, Inc.	REITS	11120U105	465	26,000	SH		SOLE		26,000	0	0
Camden Property Trust	REITS	133131102	791	9,255	SH		SOLE		9,255	0	0
Care Capital Properties, Inc.	REITS	141624106	2,387	89,394	SH		SOLE		89,394	0	0
CBL & Associates Properties	REITS	124830100	1,269	150,515	SH		SOLE		150,515	0	0
Chevron Corporation	Common Stock	166764100	332	3,180	SH		OTR		0	3,180	0
Citigroup Inc	Common Stock	172967424	379	5,665	SH		OTR		0	5,665	0
City Office REIT, Inc.	REITS	178587101	221	17,400	SH		SOLE		17,400	0	0
CoreCivic, Inc.	REITS	21871N101	174	6,319	SH		SOLE		6,319	0	0
CorEnergy Infrastructure Trust	REITS	21870U502	261	7,768	SH		SOLE		7,768	0	0
Corporate Office Properties	REITS	22002T108	685	19,555	SH		SOLE		19,555	0	0
CubeSmart	REITS	229663109	906	37,700	SH		SOLE		37,700	0	0
DCT Industrial Trust, Inc.	REITS	233153204	99	1,860	SH		SOLE		1,860	0	0
DDR Corporation	REITS	23317H102	690	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	338	2,990	SH		SOLE		2,990	0	0
Douglas Emmett, Inc.	REITS	25960P109	397	10,400	SH		SOLE		10,400	0	0
Duke Realty Corporation	REITS	264411505	867	31,005	SH		SOLE		31,005	0	0
DuPont Fabros Technology, Inc.	REITS	26613Q106	7	112	SH		SOLE		112	0	0
EastGroup Properties, Inc.	REITS	277276101	196	2,340	SH		SOLE		2,340	0	0
Empire State Realty Trust Inc.	REITS	292104106	218	10,494	SH		SOLE		10,494	0	0
Equity Commonwealth	REITS	294628102	488	15,431	SH		SOLE		15,431	0	0
Equity LifeStyle Properties, I	REITS	29472R108	1,982	22,956	SH		SOLE		22,956	0	0
Equity Residential	REITS	29476L107	4,435	67,376	SH		SOLE		67,376	0	0
Essex Property Trust, Inc.	REITS	297178105	1,272	4,945	SH		SOLE		4,945	0	0
Extra Space Storage, Inc.	REITS	30225T102	4,196	53,800	SH		SOLE		53,800	0	0
ExxonMobil Corporation	Common Stock	30231G102	251	3,105	SH		OTR		0	3,105	0
Federal Realty Investment	REITS	313747206	1,076	8,517	SH		SOLE		8,517	0	0
First Industrial Realty Trust	REITS	32054K103	263	9,200	SH		SOLE		9,200	0	0
First Potomac Realty Trust	REITS	33610F109	81	7,300	SH		SOLE		7,300	0	0
FIVE OAKS INVESTMENT CORP	REITS	33830W106	62	12,687	SH		SOLE		12,687	0	0
Forest City Realty Trust, Inc.	REITS	345605109	885	36,600	SH		SOLE		36,600	0	0
Franklin Street Properties Cor	REITS	35471R106	132	11,914	SH		SOLE		11,914	0	0
GGP, Inc.	REITS	36174X101	5,993	254,362	SH		SOLE		254,362	0	0
HCP, Inc.	REITS	40414L109	2,260	70,715	SH		SOLE		70,715	0	0
Healthcare Trust of America	REITS	42225P501	188	6,030	SH		SOLE		6,030	0	0
Hospitality Properties Trust	REITS	44106M102	690	23,667	SH		SOLE		23,667	0	0
Host Hotels & Resorts Inc.	REITS	44107P104	1,481	81,038	SH		SOLE		81,038	0	0
HYSTER YALE MATERIALS	Common Stock	449172105	195	2,775	SH		OTR		0	2,775	0
Intel Corporation	Common Stock	458140100	211	6,265	SH		OTR		0	6,265	0
Iron Mountain, Inc.	REITS	46284V101	29	853	SH		SOLE		853	0	0
Kilroy Realty Corporation	REITS	49427F108	171	2,280	SH		SOLE		2,280	0	0
Kimco Realty Corporation	REITS	49446R109	467	25,437	SH		SOLE		25,437	0	0
Kite Realty Group Trust	REITS	49803T300	216	11,405	SH		SOLE		11,405	0	0
LaSalle Hotel Properties	REITS	517942108	755	25,324	SH		SOLE		25,324	0	0
Liberty Property Trust	REITS	531172104	157	3,850	SH		SOLE		3,850	0	0
Life Storage, Inc.	REITS	53223X107	3,911	52,776	SH		SOLE		52,776	0	0
LTC Properties, Inc.	REITS	502175102	83	1,620	SH		SOLE		1,620	0	0
Macerich Company	REITS	554382101	3,712	63,934	SH		SOLE		63,934	0	0
Mack-Cali Realty Corp.	REITS	554489104	442	16,278	SH		SOLE		16,278	0	0
Microsoft Corporation	Common Stock	594918104	521	7,565	SH		OTR		0	7,565	0
Mid-America Apt. Communities	REITS	59522J103	1,978	18,771	SH		SOLE		18,771	0	0
National Oilwell Varco Inc	Common Stock	637071101	286	8,671	SH		OTR		0	8,671	0
New York REIT, Inc.	REITS	64976L109	420	48,654	SH		SOLE		48,654	0	0
NOW Inc	Common Stock	67011P100	180	11,166	SH		OTR		0	11,166	0
Omega Healthcare Investors Inc	REITS	681936100	447	13,528	SH		SOLE		13,528	0	0
One Liberty Properties, Inc.	REITS	682406103	1,162	49,577	SH		SOLE		49,577	0	0
OWENS REALTY MORTGAGE INC	REITS	690828108	284	16,742	SH		SOLE		16,742	0	0
Paramount Group, Inc.	REITS	69924R108	1,180	73,777	SH		SOLE		73,777	0	0
Pennsylvania REIT	REITS	709102107	332	29,291	SH		SOLE		29,291	0	0
Piedmont Office Realty Trust	REITS	720190206	429	20,372	SH		SOLE		20,372	0	0
Procter & Gamble Co	Common Stock	742718109	194	2,226	SH		OTR		0	2,226	0
Prologis, Inc.	REITS	74340W103	1,432	24,423	SH		SOLE		24,423	0	0
Public Storage	REITS	74460D109	7,822	37,509	SH		SOLE		37,509	0	0
Quality Care Properties	REITS	747545101	472	25,788	SH		SOLE		25,788	0	0
Ramco-Gershenson Properties	REITS	751452202	152	11,750	SH		SOLE		11,750	0	0
Regency Centers Corporation	REITS	758849103	462	7,371	SH		SOLE		7,371	0	0
Retail Properties of America	REITS	76131V202	580	47,514	SH		SOLE		47,514	0	0
Select Income REIT	REITS	81618T100	2,360	98,226	SH		SOLE		98,226	0	0
Senior Housing Properties Trus	REITS	81721M109	580	28,400	SH		SOLE		28,400	0	0
Simon Property Group, Inc.	REITS	828806109	11,053	68,330	SH		SOLE		68,330	0	0
SL Green Realty Corporation	REITS	78440X101	944	8,921	SH		SOLE		8,921	0	0
Spirit Realty Capital, Inc.	REITS	84860W102	608	82,015	SH		SOLE		82,015	0	0
Staples Inc	Common Stock	855030102	191	18,930	SH		OTR		0	18,930	0
STORE Capital Corporation	REITS	862121100	326	14,500	SH		SOLE		14,500	0	0
Stryker Corporation	Common Stock	863667101	314	2,265	SH		OTR		0	2,265	0
Sun Communities, Inc.	REITS	866674104	868	9,900	SH		SOLE		9,900	0	0
Sunstone Hotel Investors, Inc.	REITS	867892101	268	16,616	SH		SOLE		16,616	0	0
Tanger Factory Outlet Ctrs Inc	REITS	875465106	3,972	152,889	SH		SOLE		152,889	0	0
Taubman Centers, Inc.	REITS	876664103	2,778	46,648	SH		SOLE		46,648	0	0
Telephone & Data Systems Inc	Common Stock	879433829	121	4,368	SH		OTR		0	4,368	0
Tier REIT, Inc.	REITS	88650V208	1,024	55,438	SH		SOLE		55,438	0	0
UDR, Inc.	REITS	902653104	438	11,242	SH		SOLE		11,242	0	0
Uniti Group, Inc.	REITS	91325V108	1,972	78,435	SH		SOLE		78,435	0	0
Valmont Industries Inc	Common Stock	920253101	174	1,166	SH		OTR		0	1,166	0
Varex Imaging Corp	Common Stock	92214X106	243	7,198	SH		OTR		0	7,198	0
Varian Medical Systems Inc	Common Stock	92220P105	282	2,730	SH		OTR		0	2,730	0
Ventas, Inc.	REITS	92276F100	3,755	54,041	SH		SOLE		54,041	0	0
VEREIT, Inc.	REITS	92339V100	98	12,000	SH		SOLE		12,000	0	0
Vornado Realty Trust	REITS	929042109	3,091	32,915	SH		SOLE		32,915	0	0
Wal-Mart Stores Inc	Common Stock	931142103	258	3,408	SH		OTR		0	3,408	0
Washington Prime Grp,Inc.	REITS	93964W108	683	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	473	15,698	SH		SOLE		15,698	0	0
Wells Fargo & Company	Common Stock	949746101	607	10,960	SH		OTR		0	10,960	0
Welltower, Inc.	REITS	95040Q104	4,011	53,583	SH		SOLE		53,583	0	0
Whitestone REIT	REITS	966084204	245	20,000	SH		SOLE		20,000	0	0