Duff & Phelps Investment Management 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
3M Co	Common Stock	88579Y101	1,829	12,910	SH		SOLE		12,910	0	0
Abbott Laboratories	Common Stock	002824100	1,254	30,150	SH		SOLE		30,150	0	0
Abbvie Inc.	Common Stock	00287Y109	1,857	32,150	SH		SOLE		32,150	0	0
Accenture Ltd	Common Stock	G1151C101	1,026	12,615	SH		SOLE		12,615	0	0
Access Midstream Partners LP	Master Ltd Part	00434L109	60,878	956,600	SH		SOLE		956,600	0	0
Allete Inc	Common Stock	018522300	2,160	48,650	SH		SOLE		48,650	0	0
Alliant Energy Corp	Common Stock	018802108	83,115	1,500,000	SH		SOLE		1,500,000	0	0
Allstate Corp	Common Stock	020002101	534	8,700	SH		SOLE		8,700	0	0
Altria Group Inc	Common Stock	02209S103	1,818	39,575	SH		SOLE		39,575	0	0
Amazon.Com Inc	Common Stock	023135106	2,433	7,545	SH		SOLE		7,545	0	0
Ameren Corp	Common Stock	023608102	68,994	1,800,000	SH		SOLE		1,800,000	0	0
American Campus Communities	REIT	024835100	41,772	1,146,017	SH		SOLE		1,057,702	0	88,315
American Express Co	Common Stock	025816109	1,580	18,050	SH		SOLE		18,050	0	0
American International Group	Common Stock	026874784	1,541	28,530	SH		SOLE		28,530	0	0
American Tower REIT Inc	REIT	03027X100	6,089	65,035	SH		SOLE		65,035	0	0
American Water Works Co	Common Stock	030420103	51,681	1,071,545	SH		SOLE		1,071,545	0	0
Amerigas Partners LP	Master Ltd Part	030975106	9,124	200,000	SH		SOLE		200,000	0	0
Amgen Inc	Common Stock	031162100	2,123	15,115	SH		SOLE		15,115	0	0
Anadarko Petroleum Corp	Common Stock	032511107	1,023	10,080	SH		SOLE		10,080	0	0
Apache Corp	Common Stock	037411105	719	7,655	SH		SOLE		7,655	0	0
Apple Computer Inc	Common Stock	037833100	11,107	110,245	SH		SOLE		110,245	0	0
AT & T Inc.	Common Stock	00206R102	83,771	2,377,149	SH		SOLE		2,377,149	0	0
Atlas Pipeline Partner LP	Master Ltd Part	049392103	47,896	1,313,658	SH		SOLE		1,313,658	0	0
Avalonbay Communities Inc	REIT	053484101	46,627	330,759	SH		SOLE		291,159	0	39,600
Bank of America Corp	Common Stock	060505104	3,583	210,155	SH		SOLE		210,155	0	0
Bank of New York Mellon Corp	Common Stock	064058100	584	15,090	SH		SOLE		15,090	0	0
Baxter International Inc	Common Stock	071813109	773	10,775	SH		SOLE		10,775	0	0
BCE Inc	Foreign Common	05534B760	42,164	986,052	SH		SOLE		986,052	0	0
Berkshire Hathaway	Common Stock	084670702	2,621	18,975	SH		SOLE		18,975	0	0
Biogen Idec Inc	Common Stock	09062X103	1,558	4,710	SH		SOLE		4,710	0	0
Boeing Co	Common Stock	097023105	1,702	13,365	SH		SOLE		13,365	0	0
Boston Properties Inc	REIT	101121101	82,347	711,362	SH		SOLE		631,882	0	79,480
Breitburn Energy Partners LP	Master Ltd Part	106776107	11,218	552,075	SH		SOLE		552,075	0	0
Bristol-Myers Squibb Co	Common Stock	110122108	1,691	33,050	SH		SOLE		33,050	0	0
Brixmor Property Group Inc	REIT	11120U105	20,903	939,061	SH		SOLE		874,331	0	64,730
Camden Property Trust	REIT	133131102	66,710	973,435	SH		SOLE		874,785	0	98,650
Capital One Financial Co	Common Stock	14040H105	919	11,265	SH		SOLE		11,265	0	0
Caterpillar Inc	Common Stock	149123101	1,234	12,465	SH		SOLE		12,465	0	0
Centerpoint Energy Inc	Common Stock	15189T107	75,155	3,071,300	SH		SOLE		3,071,300	0	0
CenturyLink Inc	Common Stock	156700106	65,424	1,600,000	SH		SOLE		1,600,000	0	0
Chevron Corp	Common Stock	166764100	4,522	37,895	SH		SOLE		37,895	0	0
Cisco Systems Inc	Common Stock	17275R102	2,566	101,940	SH		SOLE		101,940	0	0
Citigroup Inc	Common Stock	172967424	3,136	60,519	SH		SOLE		60,519	0	0
Cleco Corp	Common Stock	12561W105	60,233	1,250,950	SH		SOLE		1,250,950	0	0
CMS Energy Corp	Common Stock	125896100	76,715	2,586,495	SH		SOLE		2,586,495	0	0
Coca-Cola Co	Common Stock	191216100	3,362	78,820	SH		SOLE		78,820	0	0
Colgate-Palmolive Co	Common Stock	194162103	1,122	17,200	SH		SOLE		17,200	0	0
Comcast Corp	Common Stock	20030N101	2,783	51,750	SH		SOLE		51,750	0	0
Conocophillips	Common Stock	20825C104	1,874	24,495	SH		SOLE		24,495	0	0
Costco Wholesale Corp	Common Stock	22160K105	1,096	8,745	SH		SOLE		8,745	0	0
Crestwood Midstream Ptnrs LP	Master Ltd Part	226378107	25,857	1,140,574	SH		SOLE		1,140,574	0	0
Crown Castle Intl Corp	REIT	228227104	6,615	82,145	SH		SOLE		82,145	0	0
CubeSmart	REIT	229663109	8,323	462,900	SH		SOLE		451,700	0	11,200
CVS Health Corp	Common Stock	126650100	1,843	23,155	SH		SOLE		23,155	0	0
DCP Midstream Partners	Master Ltd Part	23311P100	56,094	1,030,184	SH		SOLE		1,030,184	0	0
DCT Industrial	REIT	233153105	80,608	10,733,398	SH		SOLE		9,731,592	0	1,001,806
DDR Corp	REIT	23317H102	34,588	2,067,444	SH		SOLE		1,840,584	0	226,860
Devon Energy Corporation	Common Stock	25179M103	521	7,640	SH		SOLE		7,640	0	0
Dominion Resources Inc	Common Stock	25746U109	80,673	1,167,653	SH		SOLE		1,167,653	0	0
Douglas Emmett Inc	REIT	25960P109	48,324	1,882,490	SH		SOLE		1,695,929	0	186,561
DOW Chemical Co	Common Stock	260543103	1,175	22,410	SH		SOLE		22,410	0	0
DTE Energy Co	Common Stock	233331107	103,975	1,366,655	SH		SOLE		1,366,655	0	0
DU Pont [E I] De Nemours	Common Stock	263534109	1,308	18,230	SH		SOLE		18,230	0	0
Duke Energy Corp	Common Stock	26441C204	90,472	1,210,000	SH		SOLE		1,210,000	0	0
Duke Realty Corp	REIT	264411505	43,765	2,547,435	SH		SOLE		2,269,410	0	278,025
EastGroup Properties	REIT	277276101	3,387	55,902	SH		SOLE		50,887	0	5,015
eBay Inc	Common Stock	278642103	1,283	22,650	SH		SOLE		22,650	0	0
Edison International	Common Stock	281020107	2,511	44,905	SH		SOLE		44,905	0	0
EL Paso Pipeline Partners LP	Master Ltd Part	283702108	66,490	1,655,627	SH		SOLE		1,655,627	0	0
EMC Corp	Common Stock	268648102	1,187	40,555	SH		SOLE		40,555	0	0
Emerson Electric Co	Common Stock	291011104	874	13,960	SH		SOLE		13,960	0	0
Enbridge Energy Partners	Master Ltd Part	29250R106	88,495	2,277,861	SH		SOLE		2,277,861	0	0
Enbridge Inc	Foreign Common	29250N105	90,181	1,883,481	SH		SOLE		1,883,481	0	0
Energy Transfer Equity	Master Ltd Part	29273V100	50,877	824,724	SH		SOLE		824,724	0	0
Energy Transfer Partners	Master Ltd Part	29273R109	115,061	1,798,103	SH		SOLE		1,798,103	0	0
Enlink Midstream Partners LP	Master Ltd Part	29336U107	41,455	1,361,399	SH		SOLE		1,361,399	0	0
Enterprise Prods Prtnrs	Master Ltd Part	293792107	83,695	2,076,800	SH		SOLE		2,076,800	0	0
EQT Midstream Partners LP	Master Ltd Part	26885B100	20,700	231,000	SH		SOLE		231,000	0	0
Equity Lifestyle Properties	REIT	29472R108	16,768	395,848	SH		SOLE		354,393	0	41,455
Equity Residential	REIT	29476L107	103,522	1,681,101	SH		SOLE		1,483,163	0	197,938
Essex Property Trust	REIT	297178105	101,268	566,532	SH		SOLE		503,102	0	63,430
Exelon Corp	Common Stock	30161N101	305	8,935	SH		SOLE		8,935	0	0
Extra Space Storage Inc	REIT	30225T102	79,339	1,538,476	SH		SOLE		1,397,161	0	141,315
Exxon Mobil Corp	Common Stock	30231G102	7,997	85,025	SH		SOLE		85,025	0	0
Facebook Inc	Common Stock	30303M102	3,074	38,895	SH		SOLE		38,895	0	0
Fedex Corp	Common Stock	31428X106	852	5,275	SH		SOLE		5,275	0	0
Ford Motor Co	Common Stock	345370860	1,146	77,510	SH		SOLE		77,510	0	0
Freeprt McMoran Cop and Gld	Common Stock	35671D857	676	20,700	SH		SOLE		20,700	0	0
Frontier Communications Corp	Common Stock	35906A108	45,560	6,998,491	SH		SOLE		6,998,491	0	0
Gaslog Partners LP	Master Ltd Part	Y2687W108	16,020	521,830	SH		SOLE		521,830	0	0
General Dynamics Corp	Common Stock	369550108	807	6,350	SH		SOLE		6,350	0	0
General Electric Co	Common Stock	369604103	5,138	200,528	SH		SOLE		200,528	0	0
General Growth Pptys Inc	REIT	370023103	86,097	3,655,910	SH		SOLE		3,319,710	0	336,200
General Motors Co	Common Stock	37045V100	857	26,840	SH		SOLE		26,840	0	0
Genesis Energy LP	Master Ltd Part	371927104	34,874	662,500	SH		SOLE		662,500	0	0
Gilead Sciences Inc	Common Stock	375558103	3,215	30,205	SH		SOLE		30,205	0	0
Goldman Sachs Group Inc	Common Stock	38141G104	1,514	8,245	SH		SOLE		8,245	0	0
Google Inc	Common Stock	38259P508	3,330	5,660	SH		SOLE		5,660	0	0
Google Inc	Common Stock	38259P706	3,268	5,660	SH		SOLE		5,660	0	0
Great Plains Energy Inc	Common Stock	391164100	60,425	2,500,000	SH		SOLE		2,500,000	0	0
Halliburton Co	Common Stock	406216101	1,096	16,990	SH		SOLE		16,990	0	0
HCP Inc	REIT	40414L109	55,913	1,408,034	SH		SOLE		1,256,931	0	151,103
Health Care Reit Inc	REIT	42217K106	1,418	22,739	SH		SOLE		22,739	0	0
Hewlett-Packard Co	Common Stock	428236103	1,326	37,395	SH		SOLE		37,395	0	0
Highwoods Properties Inc	REIT	431284108	25,183	647,380	SH		SOLE		599,479	0	47,901
Home Depot Inc	Common Stock	437076102	2,467	26,895	SH		SOLE		26,895	0	0
Honeywell International Inc	Common Stock	438516106	1,455	15,620	SH		SOLE		15,620	0	0
Host Hotels & Resorts Inc	REIT	44107P104	97,518	4,571,861	SH		SOLE		4,147,686	0	424,175
Integrys Energy Group Inc	Common Stock	45822P105	32,410	500,000	SH		SOLE		500,000	0	0
Intel Corp	Common Stock	458140100	3,444	98,910	SH		SOLE		98,910	0	0
Intl Business Machines Corp	Common Stock	459200101	3,519	18,540	SH		SOLE		18,540	0	0
iShares	Exchange Traded	464287606	6,637	43,820	SH		SOLE		43,820	0	0
iShares	Exchange Traded	464287630	11,399	121,840	SH		SOLE		121,840	0	0
iShares	Exchange Traded	464287648	6,500	50,120	SH		SOLE		50,120	0	0
iShares	Exchange Traded	464287705	12,661	105,240	SH		SOLE		105,240	0	0
iShares	Exchange Traded	464288588	49,339	456,375	SH		SOLE		456,375	0	0
iShares	Exchange Traded	464288646	51,499	489,160	SH		SOLE		489,160	0	0
ITC Holdings Corp	Common Stock	465685105	2,506	70,345	SH		SOLE		70,345	0	0
J P Morgan Chase & Co	Common Stock	46625H100	4,526	75,140	SH		SOLE		75,140	0	0
Johnson & Johnson	Common Stock	478160104	6,008	56,370	SH		SOLE		56,370	0	0
Kilroy Realty Corp	REIT	49427F108	90,555	1,523,476	SH		SOLE		1,373,028	0	150,448
Kimco Realty Corp	REIT	49446R109	43,194	1,971,427	SH		SOLE		1,753,552	0	217,875
Kinder Morgan Energy Partners	Master Ltd Part	494550106	101,242	1,085,351	SH		SOLE		1,085,351	0	0
Kinder Morgan Inc	Common Stock	49456B101	72,444	1,889,526	SH		SOLE		1,889,526	0	0
Knot Offshore Prtnrs LP	Master Ltd Part	Y48125101	15,007	601,000	SH		SOLE		601,000	0	0
Lasalle Hotel Properties	REIT	517942108	60,722	1,773,436	SH		SOLE		1,607,782	0	165,654
Legacy Reserves LP	Master Ltd Part	524707304	10,139	341,600	SH		SOLE		341,600	0	0
Liberty Property Trust	REIT	531172104	63,086	1,896,740	SH		SOLE		1,714,560	0	182,180
Lilly [Eli] & Co	Common Stock	532457108	1,274	19,645	SH		SOLE		19,645	0	0
Linn Energy LLC	Master Ltd Part	536020100	21,610	717,000	SH		SOLE		717,000	0	0
Lockheed Martin Corp	Common Stock	539830109	982	5,375	SH		SOLE		5,375	0	0
Lowe's Companies Inc	Common Stock	548661107	1,048	19,800	SH		SOLE		19,800	0	0
Macerich Co	REIT	554382101	99,008	1,551,121	SH		SOLE		1,400,681	0	150,440
Magellan Midstream Partn LP	Master Ltd Part	559080106	33,680	400,090	SH		SOLE		400,090	0	0
Markwest Energy Partners LP	Master Ltd Part	570759100	98,253	1,279,000	SH		SOLE		1,279,000	0	0
MasterCard Inc	Common Stock	57636Q104	1,452	19,640	SH		SOLE		19,640	0	0
McDonald's Corp	Common Stock	580135101	1,862	19,640	SH		SOLE		19,640	0	0
Medtronic Inc	Common Stock	585055106	1,222	19,725	SH		SOLE		19,725	0	0
Memorial Production Prtrs LP	Master Ltd Part	586048100	12,100	550,000	SH		SOLE		550,000	0	0
Merck & Co Inc.	Common Stock	58933Y105	3,414	57,593	SH		SOLE		57,593	0	0
Metlife Inc	Common Stock	59156R108	1,205	22,430	SH		SOLE		22,430	0	0
Microsoft Corp	Common Stock	594918104	7,627	164,510	SH		SOLE		164,510	0	0
Mondelez International Inc	Common Stock	609207105	1,154	33,666	SH		SOLE		33,666	0	0
Monsanto Co	Common Stock	61166W101	1,175	10,445	SH		SOLE		10,445	0	0
Morgan Stanley	Common Stock	617446448	1,054	30,475	SH		SOLE		30,475	0	0
National Grid Plc	ADRs	636274300	13,562	188,673	SH		SOLE		188,673	0	0
National Oilwell Varco Inc	Common Stock	637071101	650	8,535	SH		SOLE		8,535	0	0
NextEra Energy Inc	Common Stock	65339F101	101,227	1,078,255	SH		SOLE		1,078,255	0	0
Nike Inc	Common Stock	654106103	1,251	14,020	SH		SOLE		14,020	0	0
Nippon Telegraph & Telephone	ADRs	654624105	2,472	79,465	SH		SOLE		79,465	0	0
Nisource Inc	Common Stock	65473P105	86,297	2,105,840	SH		SOLE		2,105,840	0	0
Norfolk Southern Corp	Common Stock	655844108	695	6,230	SH		SOLE		6,230	0	0
Northeast Utilities	Common Stock	664397106	91,102	2,056,475	SH		SOLE		2,056,475	0	0
Northern Tier Energy LP	Master Ltd Part	665826103	14,021	600,476	SH		SOLE		600,476	0	0
Northwest Natural Gas Co	Common Stock	667655104	33,800	800,000	SH		SOLE		800,000	0	0
Nustar Energy LP	Master Ltd Part	67058H102	32,819	497,716	SH		SOLE		497,716	0	0
Occidental Petroleum Corp	Common Stock	674599105	1,501	15,615	SH		SOLE		15,615	0	0
OGE Energy Corp	Common Stock	670837103	74,220	2,000,000	SH		SOLE		2,000,000	0	0
Oneok Inc	Common Stock	682680103	3,929	59,935	SH		SOLE		59,935	0	0
Oneok Partners	Master Ltd Part	68268N103	33,368	596,291	SH		SOLE		596,291	0	0
Oracle Corp	Common Stock	68389X105	2,485	64,910	SH		SOLE		64,910	0	0
Pebblebrook Hotel Trust	REIT	70509V100	68,561	1,836,128	SH		SOLE		1,659,770	0	176,358
Pepsico Inc	Common Stock	713448108	2,800	30,075	SH		SOLE		30,075	0	0
Pfizer Inc	Common Stock	717081103	3,745	126,653	SH		SOLE		126,653	0	0
Philip Morris International	Common Stock	718172109	2,603	31,215	SH		SOLE		31,215	0	0
Piedmont Natural Gas Co	Common Stock	720186105	33,530	1,000,000	SH		SOLE		1,000,000	0	0
Plains All Amer Pipelne LP	Master Ltd Part	726503105	47,595	808,610	SH		SOLE		808,610	0	0
Plains GP Holdings LP	Master Ltd Part	72651A108	2,826	92,210	SH		SOLE		92,210	0	0
Portland General Electric Co	Common Stock	736508847	66,905	2,082,970	SH		SOLE		2,082,970	0	0
PPL Corp	Common Stock	69351T106	107,821	3,283,215	SH		SOLE		3,283,215	0	0
Procter & Gamble Co	Common Stock	742718109	4,523	54,010	SH		SOLE		54,010	0	0
Prologis Inc	REIT	74340W103	121,323	3,218,116	SH		SOLE		2,833,166	0	384,950
Public Service Entrp Grp Inc	Common Stock	744573106	69,967	1,878,810	SH		SOLE		1,878,810	0	0
Public Storage	REIT	74460D109	145,172	875,376	SH		SOLE		779,076	0	96,300
Qualcomm Inc	Common Stock	747525103	2,503	33,470	SH		SOLE		33,470	0	0
Questar Corp	Common Stock	748356102	44,260	1,985,650	SH		SOLE		1,985,650	0	0
Raytheon Co	Common Stock	755111507	629	6,190	SH		SOLE		6,190	0	0
RLJ Lodging Trust	REIT	74965L101	27,311	959,300	SH		SOLE		910,025	0	49,275
Schlumberger Ltd	Common Stock	806857108	2,635	25,915	SH		SOLE		25,915	0	0
Seadrill Partners LLC	Master Ltd Part	Y7545W109	34,483	1,105,584	SH		SOLE		1,105,584	0	0
Sempra Energy	Common Stock	816851109	101,101	959,395	SH		SOLE		959,395	0	0
Simon Property Group Inc	REIT	828806109	230,348	1,400,972	SH		SOLE		1,238,254	0	162,718
SL Green Realty Corp	REIT	78440X101	28,356	279,864	SH		SOLE		248,715	0	31,149
Southern Co	Common Stock	842587107	106,258	2,434,320	SH		SOLE		2,434,320	0	0
Spectra Energy Corp	Common Stock	847560109	83,597	2,129,330	SH		SOLE		2,129,330	0	0
Starbucks Corp	Common Stock	855244109	1,130	14,970	SH		SOLE		14,970	0	0
Summit Midstream Partners LP	Master Ltd Part	866142102	7,629	150,000	SH		SOLE		150,000	0	0
Suncoke Energy Partners LP	Master Ltd Part	86722Y101	5,453	185,285	SH		SOLE		185,285	0	0
Sunoco Logistics Partners LP	Master Ltd Part	86764L108	29,390	609,000	SH		SOLE		609,000	0	0
Tallgrass Energy Prt LP	Master Ltd Part	874697105	18,124	400,000	SH		SOLE		400,000	0	0
Tanger Factory Outlet Centers	REIT	875465106	66,637	2,036,594	SH		SOLE		1,875,524	0	161,070
Targa Resources Partners	Master Ltd Part	87611X105	83,350	1,152,038	SH		SOLE		1,152,038	0	0
Target Corp	Common Stock	87612E106	792	12,635	SH		SOLE		12,635	0	0
TC Pipelines LP	Master Ltd Part	87233Q108	37,295	550,807	SH		SOLE		550,807	0	0
Teekay LNG Partners	Master Ltd Part	Y8564M105	33,865	777,428	SH		SOLE		777,428	0	0
Teekay Offshore Partners	Master Ltd Part	Y8565J101	12,933	384,919	SH		SOLE		384,919	0	0
Tesoro Logistics LP	Master Ltd Part	88160T107	24,927	352,229	SH		SOLE		352,229	0	0
Texas Instruments Inc	Common Stock	882508104	1,016	21,305	SH		SOLE		21,305	0	0
Time Warner Inc	Common Stock	887317303	1,284	17,066	SH		SOLE		17,066	0	0
Transcanada Corp	Foreign Common	89353D107	61,320	1,189,983	SH		SOLE		1,189,983	0	0
Transocean Partners LLC	Master Ltd Part	Y8977Y100	7,986	305,056	SH		SOLE		305,056	0	0
Twenty-First Century Fox Inc	Common Stock	90130A101	1,291	37,660	SH		SOLE		37,660	0	0
U S Bancorp	Common Stock	902973304	1,507	36,022	SH		SOLE		36,022	0	0
Union Pacific Corp	Common Stock	907818108	1,955	18,030	SH		SOLE		18,030	0	0
United Parcel Service	Common Stock	911312106	1,376	13,995	SH		SOLE		13,995	0	0
United Technologies Corp	Common Stock	913017109	1,784	16,890	SH		SOLE		16,890	0	0
UnitedHealth Group Inc	Common Stock	91324P102	1,675	19,415	SH		SOLE		19,415	0	0
Valero Energy Prtnrs LP	Master Ltd Part	91914J102	6,134	137,440	SH		SOLE		137,440	0	0
Vanguard	Exchange Traded	922042775	21,969	446,165	SH		SOLE		446,165	0	0
Vanguard	Exchange Traded	922042858	5,154	123,560	SH		SOLE		123,560	0	0
Vanguard FTSE Developed Market	Exchange Traded	921943858	20,693	520,590	SH		SOLE		520,590	0	0
Vanguard Natural Resources	Master Ltd Part	92205F106	9,199	335,000	SH		SOLE		335,000	0	0
Vectren Corp	Common Stock	92240G101	59,850	1,500,000	SH		SOLE		1,500,000	0	0
Ventas Inc	REIT	92276F100	66,451	1,072,651	SH		SOLE		950,167	0	122,484
Verizon Communications Inc	Common Stock	92343V104	122,732	2,455,127	SH		SOLE		2,455,127	0	0
Visa Inc	Common Stock	92826C839	2,092	9,805	SH		SOLE		9,805	0	0
Vodafone Group PLC	ADRs	92857W308	31,591	960,518	SH		SOLE		960,518	0	0
Wal-Mart Stores	Common Stock	931142103	2,409	31,500	SH		SOLE		31,500	0	0
Walgreen Co	Common Stock	931422109	1,039	17,535	SH		SOLE		17,535	0	0
Walt Disney Co	Common Stock	254687106	2,809	31,550	SH		SOLE		31,550	0	0
Washington Prime Group	REIT	939647103	14,742	843,375	SH		SOLE		748,017	0	95,358
Wells Fargo & Co	Common Stock	949746101	2,372	45,724	SH		SOLE		45,724	0	0
Westar Energy Inc	Common Stock	95709T100	96,560	2,830,000	SH		SOLE		2,830,000	0	0
Western Gas Partners LP	Master Ltd Part	958254104	35,100	468,000	SH		SOLE		468,000	0	0
Westlake Chemical Partners	Master Ltd Part	960417103	16,255	560,500	SH		SOLE		560,500	0	0
WGL Holdings Inc	Common Stock	92924F106	42,120	1,000,000	SH		SOLE		1,000,000	0	0
Williams Cos Inc	Common Stock	969457100	73,858	1,334,374	SH		SOLE		1,334,374	0	0
Williams Partners LP	Master Ltd Part	96950F104	96,496	1,818,970	SH		SOLE		1,818,970	0	0
Windstream Holdings Inc	Common Stock	97382A101	74,820	6,940,617	SH		SOLE		6,940,617	0	0
XCEL Energy Inc	Common Stock	98389B100	72,960	2,400,000	SH		SOLE		2,400,000	0	0