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

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

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	109	645	SH		OTR		0	645	0
Aflac Inc	Common Stock	001055102	309	7,060	SH		OTR		0	7,060	0
Alexandria Real Estate Eqtys.	REITS	015271109	993	7,948	SH		SOLE		7,948	0	0
Alleghany Corp	Common Stock	017175100	111	180	SH		OTR		0	180	0
American Campus Communities	REITS	024835100	531	13,751	SH		SOLE		13,751	0	0
American Express Co	Common Stock	025816109	382	4,093	SH		OTR		0	4,093	0
Apache Corp	Common Stock	037411105	178	4,625	SH		OTR		0	4,625	0
Apartment Investmnt & Managemt	REITS	03748R101	925	22,710	SH		SOLE		22,710	0	0
AT&T Inc	Common Stock	00206R102	269	7,550	SH		OTR		0	7,550	0
AutoZone Inc	Common Stock	053332102	370	570	SH		OTR		0	570	0
AvalonBay Communities, Inc.	REITS	053484101	4,070	24,749	SH		SOLE		24,749	0	0
Berkshire Hathaway Inc	Common Stock	084670702	464	2,324	SH		OTR		0	2,324	0
Boston Properties, Inc.	REITS	101121101	3,829	31,077	SH		SOLE		31,077	0	0
Brandywine Realty Trust	REITS	105368203	127	8,000	SH		SOLE		8,000	0	0
Brixmor Property Group, Inc.	REITS	11120U105	397	26,000	SH		SOLE		26,000	0	0
Camden Property Trust	REITS	133131102	1,200	14,255	SH		SOLE		14,255	0	0
CBL & Associates Properties	REITS	124830100	572	137,124	SH		SOLE		137,124	0	0
Chevron Corp	Common Stock	166764100	253	2,220	SH		OTR		0	2,220	0
Citigroup Inc	Common Stock	172967424	332	4,925	SH		OTR		0	4,925	0
City Office REIT, Inc.	REITS	178587101	201	17,400	SH		SOLE		17,400	0	0
CoreCivic, Inc.	REITS	21871N101	75	3,851	SH		SOLE		3,851	0	0
CorEnergy Infrastructure Trust	REITS	21870U502	169	4,513	SH		SOLE		4,513	0	0
Corporate Office Properties	REITS	22002T108	397	15,372	SH		SOLE		15,372	0	0
Crown Castle Intern'l Corp.	REITS	22822V101	109	992	SH		SOLE		992	0	0
CubeSmart	REITS	229663109	2,956	104,835	SH		SOLE		104,835	0	0
DCT Industrial Trust, Inc.	REITS	233153204	64	1,131	SH		SOLE		1,131	0	0
DDR Corp.	REITS	23317H102	557	75,971	SH		SOLE		75,971	0	0
DiamondRock Hospitality Co.	REITS	252784301	3	282	SH		SOLE		282	0	0
Digital Realty Trust, Inc.	REITS	253868103	288	2,737	SH		SOLE		2,737	0	0
Douglas Emmett, Inc.	REITS	25960P109	382	10,400	SH		SOLE		10,400	0	0
Duke Realty Corp.	REITS	264411505	813	30,718	SH		SOLE		30,718	0	0
EastGroup Properties, Inc.	REITS	277276101	104	1,259	SH		SOLE		1,259	0	0
Empire State Realty Trust Inc.	REITS	292104106	176	10,494	SH		SOLE		10,494	0	0
Equity Commonwealth	REITS	294628102	170	5,538	SH		SOLE		5,538	0	0
Equity LifeStyle Properties, I	REITS	29472R108	2,425	27,624	SH		SOLE		27,624	0	0
Equity Residential Pptys	REITS	29476L107	3,982	64,615	SH		SOLE		64,615	0	0
Essex Property Trust, Inc.	REITS	297178105	939	3,900	SH		SOLE		3,900	0	0
Extra Space Storage, Inc.	REITS	30225T102	2,089	23,909	SH		SOLE		23,909	0	0
ExxonMobil Corp	Common Stock	30231G102	160	2,145	SH		OTR		0	2,145	0
Federal Realty Investment	REITS	313747206	407	3,502	SH		SOLE		3,502	0	0
First Industrial Realty Trust	REITS	32054K103	266	9,096	SH		SOLE		9,096	0	0
FIVE OAKS INVESTMENT CORP	REITS	33830W106	37	12,687	SH		SOLE		12,687	0	0
Forest City Realty Trust, Inc.	REITS	345605109	739	36,486	SH		SOLE		36,486	0	0
Franklin Street Properties Cor	REITS	35471R106	90	10,649	SH		SOLE		10,649	0	0
GGP, Inc.	REITS	36174X101	5,247	256,434	SH		SOLE		256,434	0	0
HCP, Inc.	REITS	40414L109	3,064	131,881	SH		SOLE		131,881	0	0
Healthcare Trust of America	REITS	42225P501	74	2,788	SH		SOLE		2,788	0	0
Hospitality Properties Trust	REITS	44106M102	542	21,406	SH		SOLE		21,406	0	0
Host Hotels & Resorts Inc.	REITS	44107P104	1,056	56,674	SH		SOLE		56,674	0	0
HYSTER YALE MATERIALS	Common Stock	449172105	135	1,925	SH		OTR		0	1,925	0
Industrial Logistics Propertie	REITS	456237106	2,237	110,000	SH		SOLE		110,000	0	0
Intel Corp	Common Stock	458140100	382	7,335	SH		OTR		0	7,335	0
JBG SMITH Properties	REITS	46590V100	548	16,253	SH		SOLE		16,253	0	0
Kilroy Realty Corporation	REITS	49427F108	136	1,915	SH		SOLE		1,915	0	0
Kimco Realty Corp.	REITS	49446R109	299	20,735	SH		SOLE		20,735	0	0
Kite Realty Group Trust	REITS	49803T300	139	9,159	SH		SOLE		9,159	0	0
LaSalle Hotel Properties	REITS	517942108	445	15,324	SH		SOLE		15,324	0	0
Liberty Property Trust	REITS	531172104	153	3,850	SH		SOLE		3,850	0	0
Life Storage, Inc.	REITS	53223X107	2,632	31,513	SH		SOLE		31,513	0	0
LTC Properties, Inc.	REITS	502175102	32	843	SH		SOLE		843	0	0
Macerich Co.	REITS	554382101	3,971	70,878	SH		SOLE		70,878	0	0
Mack-Cali Realty Corp.	REITS	554489104	197	11,785	SH		SOLE		11,785	0	0
Macy's Inc	Common Stock	55616P104	282	9,470	SH		OTR		0	9,470	0
Microsoft Corp	Common Stock	594918104	415	4,545	SH		OTR		0	4,545	0
Mid-America Apt. Communities	REITS	59522J103	1,398	15,318	SH		SOLE		15,318	0	0
National Oilwell Varco Inc	Common Stock	637071101	224	6,081	SH		OTR		0	6,081	0
NOW Inc	Common Stock	67011P100	126	12,326	SH		OTR		0	12,326	0
Omega Healthcare Investors Inc	REITS	681936100	1,610	59,528	SH		SOLE		59,528	0	0
One Liberty Properties, Inc.	REITS	682406103	705	31,916	SH		SOLE		31,916	0	0
OUTFRONT Media, Inc.	REITS	69007J106	562	30,000	SH		SOLE		30,000	0	0
OWENS REALTY MORTGAGE INC	REITS	690828108	201	13,779	SH		SOLE		13,779	0	0
Paramount Group, Inc.	REITS	69924R108	194	13,648	SH		SOLE		13,648	0	0
Pennsylvania REIT	REITS	709102107	258	26,718	SH		SOLE		26,718	0	0
Piedmont Office Realty Trust	REITS	720190206	218	12,372	SH		SOLE		12,372	0	0
Prologis, Inc.	REITS	74340W103	1,418	22,511	SH		SOLE		22,511	0	0
Public Storage	REITS	74460D109	6,466	32,266	SH		SOLE		32,266	0	0
Quality Care Properties	REITS	747545101	418	21,494	SH		SOLE		21,494	0	0
Ramco-Gershenson Properties	REITS	751452202	143	11,593	SH		SOLE		11,593	0	0
Regency Centers Corp.	REITS	758849103	418	7,082	SH		SOLE		7,082	0	0
Retail Properties of America	REITS	76131V202	468	40,113	SH		SOLE		40,113	0	0
RLJ Lodging Trust	REITS	74965L101	1,769	91,000	SH		SOLE		91,000	0	0
Sabra Health Care REIT, Inc.	REITS	78573L106	2,187	123,918	SH		SOLE		123,918	0	0
Select Income REIT	REITS	81618T100	1,407	72,240	SH		SOLE		72,240	0	0
Senior Housing Properties Trus	REITS	81721M109	613	39,115	SH		SOLE		39,115	0	0
Simon Property Group, Inc.	REITS	828806109	9,641	62,460	SH		SOLE		62,460	0	0
SL Green Realty Corp.	REITS	78440X101	858	8,859	SH		SOLE		8,859	0	0
Spirit Realty Capital, Inc.	REITS	84860W102	290	37,425	SH		SOLE		37,425	0	0
STORE Capital Corp.	REITS	862121100	482	19,400	SH		SOLE		19,400	0	0
Stryker Corporation	Common Stock	863667101	159	985	SH		OTR		0	985	0
Sun Communities, Inc.	REITS	866674104	1,087	11,900	SH		SOLE		11,900	0	0
Sunstone Hotel Investors, Inc.	REITS	867892101	253	16,616	SH		SOLE		16,616	0	0
Tanger Factory Outlet Ctrs Inc	REITS	875465106	3,142	142,799	SH		SOLE		142,799	0	0
Taubman Centers, Inc.	REITS	876664103	2,799	49,189	SH		SOLE		49,189	0	0
Tier REIT, Inc.	REITS	88650V208	476	25,738	SH		SOLE		25,738	0	0
UDR, Inc.	REITS	902653104	312	8,770	SH		SOLE		8,770	0	0
Uniti Group, Inc.	REITS	91325V108	3,017	185,655	SH		SOLE		185,655	0	0
Valmont Industries Inc	Common Stock	920253101	118	806	SH		OTR		0	806	0
Varex Imaging Corp	Common Stock	92214X106	229	6,408	SH		OTR		0	6,408	0
Varian Medical Systems Inc	Common Stock	92220P105	114	930	SH		OTR		0	930	0
Ventas, Inc.	REITS	92276F100	2,335	47,141	SH		SOLE		47,141	0	0
VEREIT, Inc.	REITS	92339V100	84	12,000	SH		SOLE		12,000	0	0
Vornado Realty Trust	REITS	929042109	2,255	33,506	SH		SOLE		33,506	0	0
Wal-Mart Inc	Common Stock	931142103	207	2,328	SH		OTR		0	2,328	0
Washington Prime Grp,Inc.	REITS	93964W108	526	78,861	SH		SOLE		78,861	0	0
Washington Real Estate Invmt	REITS	939653101	1	32	SH		SOLE		32	0	0
Weingarten Realty Investors	REITS	948741103	378	13,456	SH		SOLE		13,456	0	0
Wells Fargo & Co	Common Stock	949746101	363	6,920	SH		OTR		0	6,920	0
Welltower, Inc.	REITS	95040Q104	3,407	62,587	SH		SOLE		62,587	0	0