| Cadiz Inc(CDZI) | COM NEW | 127537207 | $3.4M | 322,904 | 50.8% |
| CubeSmart(CUBE) | COM | 229663109 | $3.2M | 175,800 | 47.9% |
| PowerShares 10/18/14 PUT 96Put | OPTION | 73935A954 | $9.9K | 100,000 | 0.1% |
| Cyrusone Inc(CONE1EUR) | COM | 23283R100 | $3.3K | 136,001 | 0.0% |
| Extra Space Storage Inc(EXR) | COM | 30225T102 | $3.2K | 61,700 | 0.0% |
| QTS Realty Trust Inc(QTS) | COM CL A | 74736A103 | $3.1K | 103,076 | 0.0% |
| Infinera Corp 144A 1 3/4% Due 6/1/2018 Jd1 | DBCV 1.750% 6/0 | 45667GAB9 | $3.1K | 2,750,000 | 0.0% |
| New Residential Investment | COM | 64828T102 | $3.0K | 517,900 | 0.0% |
| Sun Communities Inc(SUI) | COM | 866674104 | $3.0K | 58,500 | 0.0% |
| SBA Communications Corp Cl A | COM | 78388J106 | $2.9K | 26,418 | 0.0% |
| Northstar Asset Management | COM | 66705Y104 | $2.9K | 155,800 | 0.0% |
| Education Realty Trust Inc | COM | 28140H104 | $2.8K | 272,948 | 0.0% |
| American Tower Corp.(AMT) | COM | 03027X100 | $2.6K | 28,200 | 0.0% |
| Strategic Hotels & Resorts Inc | COM | 86272T106 | $2.6K | 221,416 | 0.0% |
| Tanger Factory Outlet Center Inc(SKT) | COM | 875465106 | $2.4K | 72,975 | 0.0% |
| Alexandria Real Estate Equit.(ARE) | COM | 015271109 | $2.4K | 32,027 | 0.0% |
| Healthcare Trust of America In | CL A | 42225P105 | $2.4K | 202,928 | 0.0% |
| Insulet Corp Convertible 2% Due 6/15/2019 Jd15 | NOTE 2.000% 6/1 | 45784PAD3 | $2.2K | 2,000,000 | 0.0% |
| Taubman Centers Inc(TCO) | COM | 876664103 | $2.0K | 27,120 | 0.0% |
| Vail Resorts Inc(MTN) | COM | 91879Q109 | $2.0K | 22,741 | 0.0% |
| Hudson Pacific Properties Inc | COM | 444097109 | $1.9K | 78,100 | 0.0% |
| Hannon Armstrong Sustainable(HASI) | COM | 41068X100 | $1.9K | 135,690 | 0.0% |
| Wynn Resorts, Ltd(WYNN) | COM | 983134107 | $1.8K | 9,715 | 0.0% |
| MGM Resorts Intl(MGM) | COM | 552953101 | $1.8K | 78,800 | 0.0% |
| Equity Lifestyle Properties(ELS) | COM | 29472R108 | $1.8K | 42,100 | 0.0% |
| Las Vegas Sands Corp(LVS) | COM | 517834107 | $1.8K | 28,550 | 0.0% |
| LaSalle Hotel Properties | COM SH BEN INT | 517942108 | $1.8K | 51,500 | 0.0% |
| Simon Property Group Inc.(SPG) | COM | 828806109 | $1.6K | 9,740 | 0.0% |
| Tesaro Inc | NOTE 3.000%10/0 | 881569AA5 | $1.6K | 1,500,000 | 0.0% |
| Rait Financial Trust Convertible 4% Due 10/1/2033 Ao1 | NOTE 4.000%10/0 | 749227AB0 | $1.4K | 1,500,000 | 0.0% |
| Federal Realty Invstment Trust(FRTEUR) | SH BEN INT NEW | 313747206 | $1.3K | 11,325 | 0.0% |
| Pebblebrook Hotel Trust(PEB) | COM | 70509V100 | $1.1K | 30,412 | 0.0% |
| GT ADV Technologies Inc Convertible 3% Due 12/15/2020 Jd15 | NOTE 3.000%12/1 | 36191UAB2 | $1.1K | 1,000,000 | 0.0% |
| Omnicare Inc Convertible 3 1/2% Due 2/15/2044 Fa15 | NOTE 3.500% 2/1 | 681904AQ1 | $1.1K | 1,000,000 | 0.0% |
| Northstar Realty Finance Corp. | COM NEW | 66704R704 | $1.1K | 60,800 | 0.0% |
| EPR Pptys | CONV PFD 9% SR E | 26884U307 | $1.1K | 35,100 | 0.0% |
| Spansion LLC Convertible 2% Due 9/1/2020 Ms1 | NOTE 2.000% 9/0 | 84649PAL9 | $873 | 500,000 | 0.0% |
| American Realty Capital Convertible 3 3/4% Due 12/15/2020 Jd15 | NOTE 3.750%12/1 | 02917TAB0 | $753 | 750,000 | 0.0% |
| Boston Properties, Inc.(BXP) | COM | 101121101 | $683 | 5,900 | 0.0% |
| BioMed Realty Trust Inc | COM | 09063H107 | $579 | 28,662 | 0.0% |
| American Realty Capital Convertible 3% Due 8/1/2018 Fa1 | NOTE 3.000% 8/0 | 02917TAA2 | $497 | 500,000 | 0.0% |
| Home Inns & Hotels Mgmt- ADR 2% Due 12/15/2015 Jd15 | NOTE 2.000%12/1 | 43713WAB3 | $486 | 500,000 | 0.0% |