Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPG	Simon Property Group Inc	546,373	$88.38M	3.9%	$111.79	-8.2%	Common	828806109
ARE	Alexandria Real Estate Equities Inc	710,990	$85.65M	3.8%	$78.30	+8.8%	COM	015271109
CCI	Crown Castle	850,053	$85.16M	3.7%	$57.21	+19.6%	Common	22822V101
EPR	Entertainment Properties Trust	1,040,332	$74.77M	3.3%	$56.05	—	Common	26884U109
AMT	American Tower	552,993	$73.17M	3.2%	$74.15	+38.7%	COM	03027X100
—	Hospitality Properties Trust	2,317,411	$67.55M	3.0%	$26.85	—	Common	44106M102
—	Iron Mountain	1,839,115	$63.19M	2.8%	$32.54	—	Common	462846106
GLPI	Gaming and Leisure Properties	1,630,100	$61.41M	2.7%	$30.87	—	Common	36467J108
WY	Weyhauser	1,816,866	$60.87M	2.7%	$21.23	+13.2%	COM	962166104
WELL	Health Care Reit Inc	710,982	$53.22M	2.3%	$47.45	+12.9%	COM	95040Q104
HST	Host Hotels & Resorts Inc	2,844,061	$51.96M	2.3%	$12.90	+1.8%	COM	44107P104
—	Federal Realty Investment Trust	395,015	$49.93M	2.2%	$131.50	—	COM	313747206
BXP	Boston Properties Inc	394,976	$48.59M	2.1%	$86.70	+0.3%	COM	101121101
AVB	Avalonbay Communities Inc	252,849	$48.59M	2.1%	$123.64	+14.9%	COM	053484101
EGP	Eastgroup Properties Inc	553,091	$46.35M	2.0%	$57.52	—	COM	277276101
—	ETRACS Alerian MLP Index	2,465,285	$46.25M	2.0%	$22.55	—	ETN	90267B682
—	Outfront Media	1,927,000	$44.55M	2.0%	$21.34	—	Common	69007J106
CUBE	CubeSmart	1,816,847	$43.68M	1.9%	$27.53	—	COM	229663109
FR	First Industrial	1,501,118	$42.96M	1.9%	$19.53	—	COM	32054K103
TRNO	Terreno	1,264,052	$42.55M	1.9%	$20.14	—	COM	88146M101
—	American Campus Communities Inc	789,958	$37.37M	1.6%	$50.72	—	COM	024835100
—	Apartment Investment & Management Company	869,188	$37.35M	1.6%	$37.62	—	COM	03748R101
—	Education Realty Trust Inc	948,258	$36.74M	1.6%	$33.88	—	COM	28140H203
LTC	LTC Properties Inc	710,994	$36.54M	1.6%	$42.22	—	COM	502175102
—	Gramercy Property Trust	1,184,887	$35.2M	1.5%	$26.35	—	COM	385002308
DLR	Digital Realty	284,356	$32.12M	1.4%	$84.78	0.0%	COM	253868103
—	Weingarten Realty Investors	1,026,910	$30.91M	1.4%	$33.66	—	COM	948741103
—	Tortoise Energy Infrastructure	929,294	$28.24M	1.2%	$36.10	—	Closed End Fund	89147L100
VNO	Vornado Realty Trust	300,224	$28.19M	1.2%	$94.77	—	COM	929042109
VTR	Ventas Inc	394,977	$27.44M	1.2%	$48.56	-5.3%	COM	92276F100
—	Colony NorthStar, Inc.	1,816,820	$25.6M	1.1%	$12.93	—	COM	19625W104
—	Investors Real Estate Trust	4,030,113	$25.03M	1.1%	$7.13	—	COM	461730103
—	Colony Starwood Homes	632,119	$21.69M	1.0%	$29.15	—	COM	19625X102
KRG	Kite Realty Group Trust	1,106,181	$20.94M	0.9%	$24.41	—	COM	49803T300
PFE	Pfizer Inc	611,859	$20.55M	0.9%	$21.10	+2.4%	Common	717081103
LAMR	Lamar Advertising Co.	252,861	$18.6M	0.8%	$67.33	—	COM	512816109
PLOW	Douglas Dynamics	565,102	$18.59M	0.8%	$27.36	+12.9%	COM	25960R105
ADC	Agree Realty	395,160	$18.13M	0.8%	$49.31	—	COM	008492100
CSCO	Cisco	556,075	$17.41M	0.8%	$21.04	+19.1%	Common	17275R102
—	Pennsylvania Real Estate Investment Trust	1,501,502	$17M	0.7%	$20.85	—	COM	709102107
BRX	Brixmore	947,931	$16.95M	0.7%	$23.33	—	COM	11120U105
OHI	Omega Healthcare Investors	500,558	$16.53M	0.7%	$32.78	—	Common	681936100
HD	Home Depot	105,659	$16.21M	0.7%	$91.16	+36.5%	Common	437076102
CE	Celanese Corporation	166,871	$15.84M	0.7%	$75.56	0.0%	Common	150870103
CMI	Cummins	94,544	$15.34M	0.7%	$103.58	+19.5%	Common	231021106
CAT	Caterpillar Inc	139,062	$14.94M	0.7%	$84.05	0.0%	Common	149123101
—	American Homes Preferred A Series	500,605	$14.3M	0.6%	$18.24	—	Preferred Class A	02665T405
MRK	Merck & Co, Inc	222,467	$14.26M	0.6%	$41.85	+11.2%	Common	58933Y105
—	Air Transport Services Group	654,249	$14.25M	0.6%	$11.29	—	COM	00922R105
PFF	IShares S&P U.S.Preferred Stock Index	360,352	$14.12M	0.6%	$39.17	—	ETF	464288687
HON	Honeywell International Inc.	105,662	$14.08M	0.6%	$75.34	+31.1%	Common	438516106
—	Uniti Group Inc	556,188	$13.98M	0.6%	$25.79	—	Common	91325V108
EQIX	Equinix	31,604	$13.56M	0.6%	$359.41	0.0%	COM	29444U700
—	Eaton Corporation	166,874	$12.99M	0.6%	$67.45	—	Common	278058102
—	Powershares Senior Bank Loan	556,171	$12.87M	0.6%	$23.72	—	ETF	73936Q769
TKR	The Timken Company	278,023	$12.86M	0.6%	$45.93	0.0%	Common	887389104
—	American Tower Preferred Class B	105,650	$12.81M	0.6%	$112.50	—	Preferred Class B	03027X407
—	Aircastle LTD	583,963	$12.7M	0.6%	$22.45	—	Common	G0129K104
—	Jernigan Capital	543,540	$11.41M	0.5%	$21.65	—	COM	476405105
UFI	Unifi Inc.	362,477	$11.16M	0.5%	$30.81	-8.3%	COM	904677200
—	Eaton Vance Tax-Managed Global Buy-Write Opp Fd	973,376	$11.08M	0.5%	$11.77	—	Closed End Fund	27829C105
APLE	Apple Hospitality REIT, Inc.	583,927	$10.93M	0.5%	$18.71	—	Common	03784Y200
CMTL	Comtech Telecommunications	566,738	$10.75M	0.5%	$15.43	-10.9%	COM	205826209
SGA	Saga Communications	223,264	$10.21M	0.4%	$44.78	+11.0%	COM	786598300
MCRI	Monarch Casino	319,068	$9.651M	0.4%	$23.84	+26.4%	COM	609027107
—	Atrion Corp.	14,695	$9.453M	0.4%	$436.07	—	COM	049904105
—	Huntington Bancshares	5,562	$8.031M	0.4%	$1416.13	—	Preferred Class A	446150401
ODC	Oil Drill Corp of America	188,281	$7.909M	0.3%	$15.91	+20.5%	COM	677864100
PETS	PetMed Express, Inc.	188,317	$7.645M	0.3%	$17.13	+80.9%	COM	716382106
PLUS	ePlus, Inc.	102,715	$7.611M	0.3%	$24.88	+45.7%	COM	294268107
NEO	Neogenomics Inc.	783,804	$7.022M	0.3%	$5.51	+44.1%	COM	64049M209
—	Dynamic Materials	528,649	$6.925M	0.3%	$8.37	—	COM	267888105
—	Fly Leasing	512,759	$6.896M	0.3%	$13.42	—	COM	34407D109
TGNA	TEGNA Inc	472,688	$6.811M	0.3%	$18.27	-15.9%	Common	87901J105
MTRN	Materion Corporation	179,106	$6.698M	0.3%	$36.90	-4.3%	COM	576690101
—	Nustar Energy L.P.	249,834	$6.528M	0.3%	$56.50	—	Preferred Class A	67058H201
—	Psychemedics Corp.	253,651	$6.329M	0.3%	$14.41	—	COM	744375205
MG	Mistras Group	273,936	$6.018M	0.3%	$19.85	+8.4%	COM	60649T107
RAIL	FreightCar America	338,821	$5.892M	0.3%	$18.62	-16.3%	COM	357023100
VPG	Vishay Precision Group	331,791	$5.74M	0.3%	$17.14	0.0%	COM	92835K103
VERI	Veritone, Inc.	490,179	$5.74M	0.3%	$13.08	0.0%	COM	92347M100
—	Western Refining Logistics	222,067	$5.696M	0.3%	$25.83	—	MLP	95931Q205
—	Kraton Performance Polymers Inc.	163,000	$5.613M	0.2%	$24.37	—	COM	50077C106
FPI	Farmland Partners	622,796	$5.567M	0.2%	$11.58	—	COM	31154R109
TREX	Trex Company Inc.	81,400	$5.507M	0.2%	$12.71	+32.7%	COM	89531P105
—	Waterstone Financial	290,501	$5.475M	0.2%	$14.41	—	COM	941888109
MGPI	MGP Ingredients	106,117	$5.43M	0.2%	$20.78	+151.1%	COM	55303J106
—	Cedar Fair LP	74,022	$5.337M	0.2%	$55.13	—	MLP	150185106
CEVA	Ceva Inc	115,936	$5.269M	0.2%	$20.95	+96.1%	COM	157210105
STRT	Strattec	148,769	$5.266M	0.2%	$46.31	-35.9%	COM	863111100
—	Condor Hospitality	485,217	$5.192M	0.2%	$10.70	—	COM	20676Y106
ETD	Ethan Allen Interiors, Inc.	157,539	$5.088M	0.2%	$16.52	0.0%	COM	297602104
EPD	Enterprise Products Partners LP	185,066	$5.012M	0.2%	$29.64	—	MLP	293792107
—	EQT Midstream Partners LP	64,772	$4.834M	0.2%	$77.26	—	MLP	26885B100
—	Holly Energy Partners	138,811	$4.509M	0.2%	$34.43	—	MLB	435763107
CARS	Cars.com	162,501	$4.327M	0.2%	$26.86	0.0%	Common	14575E105
MPLX	MPLX LP	129,556	$4.327M	0.2%	$35.64	—	MLP	55336V100
—	Energy Transfer Partners LP	203,600	$4.151M	0.2%	$36.87	—	MLP	29273R109
RUN	SunRun Inc	582,867	$4.15M	0.2%	$5.54	-2.5%	COM	86771W105
SOHO	Sotherly Hotels	607,524	$4.119M	0.2%	$6.35	—	COM	83600C103
—	BlackBox	453,157	$3.874M	0.2%	$13.66	—	COM	091826107
—	Spectra Energy Partners LP	83,256	$3.572M	0.2%	$44.32	—	MLP	84756N109
CWCO	Consolidated Water Co. Ltd.	287,694	$3.567M	0.2%	$9.62	+2.6%	COM	G23773107
ACTG	Acacia Research Corp	784,000	$3.214M	0.1%	$6.47	-28.0%	COM	003881307
—	U.S. Auto Parts Network, Inc.	888,544	$2.87M	0.1%	$3.23	—	COM	90343C100
—	Magellan Midstream Partners	31,460	$2.242M	0.1%	$15.43	—	MLP	559080106
—	MagicJack	220,033	$1.584M	0.1%	$8.55	—	COM	010102529
TRAK	Park City Group Inc.	84,092	$1.021M	0.0%	$12.16	+1.1%	COM	700215304
—	OHA Investment	745,674	$947K	0.0%	$5.21	—	COM	67091U102
SACH	Sachem Capital Corp	171,000	$804K	0.0%	$4.70	—	COM	78590A109
CLPR	Clipper Realty Inc	30,500	$378K	0.0%	$12.39	—	COM	18885T306