UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2008
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Cohen & Steers Capital Management Inc.
Address: 280 Park Avenue
10th Floor
New York, NY 10017
Form 13F File Number: 28-2405
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Lisa Phelan
Title: Senior Vice President and Chief Compliance Officer
Phone: (212) 832-3232
Signature, Place, and Dating of Signing:
/s/ Lisa Phelan New York, NY May 14, 2008
----------------- --------------- ------------------
Report Type (Check only one.):
[ ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all
holdings are reported by other reporting manager(s).)
[X] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
028-01190 FRANK RUSSELL COMPANY
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 366
Form 13F Information Table Value Total: 16,069,978 (thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
No. Form 13F File Number Name
01 Cohen & Steers Europe SA
FORM 13F INFORMATION TABLE
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8:
---------------------------- -------- ------- --------------- ------- -------- --------------------------
TITLE
OF VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
---------------------------- -------- ------- --------- -------- ------- -------- ------ ------- -------
3M Co Common COM 88579Y101 2,311 29,200 SH Sole 29,200 -
Abbott Laboratories Common COM 002824100 18,892 342,563 SH Sole 342,563 -
Acadia Realty Trust Common COM 004239109 198 8,200 SH Sole 8,200 -
ACE Ltd Common COM G0070K103 8,160 148,200 SH Sole 148,200 -
ACM Income Fund CEF COM 01881E101 837 101,800 SH Sole 101,800 -
Advent Claymore Conv Sec & COM 00764C109 14,219 669,118 SH Sole 669,118 -
Advent Claymore Global Con COM 007639107 6,670 494,800 SH Sole 494,800 -
Advent/Claymore Enh Gr & I COM 00765E104 2,853 202,749 SH Sole 202,749 -
AES Corp Common COM 00130H105 979 58,755 SH Sole 58,755 -
Aflac Inc COM 001055102 20,320 312,849 SH Sole 312,849 -
AGL Resources Inc COM 001204106 11,034 321,500 SH Sole 321,500 -
Alcoa Inc Common COM 013817101 6,187 171,558 SH Sole 171,558 -
Alexandria Real Estate Equ COM 015271109 6,389 68,900 SH Sole 65,800 3,100
Allegheny Energy, Inc. COM 017361106 1,700 33,672 SH Sole 33,672 -
Alliance World Dollar Gov' COM 01879R106 552 42,100 SH Sole 42,100 -
Allstate Corp/The Common COM 020002101 8,665 180,300 SH Sole 180,300 -
Alpine Total Dynamic Div F COM 021060108 3,598 223,453 SH Sole 223,453 -
Altria Group Inc Common COM 02209S103 4,872 219,433 SH Sole 219,433 -
AMB Property Corp Common COM 00163T109 58,424 1,073,546 SH Sole 962,846 110,700
Ameren Corp Common COM 023608102 46,251 1,050,200 SH Sole 1,050,200 -
America Movil SAB de CV AD COM 02364W105 3,726 58,500 SH Sole 58,500 -
American Campus Communitie COM 024835100 48,316 1,765,957 SH Sole 1,739,257 26,700
American Electric Power Co COM 025537101 26,046 625,661 SH Sole 625,661 -
American International Gro COM 026874107 11,247 260,037 SH Sole 260,037 -
American Tower Corporation COM 029912201 944 24,073 SH Sole 24,073 -
Apache Corp Common COM 037411105 5,231 43,300 SH Sole 43,300 -
Apartment Invt & Mgmt COM 03748R101 264,385 7,383,014 SH Sole 6,917,005 466,009
Archer Daniels Midland Com COM 039483102 7,609 184,879 SH Sole 184,879 -
AT&T Common COM 00206R102 19,862 518,604 SH Sole 518,604 -
Atmos Energy Corp Common COM 049560105 5,368 210,500 SH Sole 210,500 -
AvalonBay Communities Inc COM 053484101 390,664 4,047,498 SH Sole 3,714,955 332,543
Baker Hughes Inc Common COM 057224107 4,925 71,900 SH Sole 71,900 -
Bank of America Corp Commo COM 060505104 21,017 554,399 SH Sole 554,399 -
Barclays Bank 7.10% (BCS A PFD 06739H776 849 35,100 SH Sole 35,100 -
Barclays Bank PLC 6.625% ( PFD 06739F390 515 21,700 SH Sole 21,700 -
BB&T Corp Common COM 054937107 2,565 80,000 SH Sole 80,000 -
Becton Dickinson & Co COM 075887109 472 5,500 SH Sole 5,500 -
Bemis Co Common COM 081437105 1,729 68,000 SH Sole 68,000 -
BioMed Realty Trust Inc Co COM 09063H107 183,317 7,673,358 SH Sole 7,165,957 507,401
Blackrock Corp HY Fund VI COM 09255P107 2,839 262,100 SH Sole 262,100 -
Blackrock Corporate High Y COM 09255L106 2,012 309,600 SH Sole 309,600 -
Blackrock Corporate HY FD COM 09255M104 400 61,300 SH Sole 61,300 -
Blackrock Floating rt in s COM 09255Y108 339 23,600 SH Sole 23,600 -
Blackrock Global Enrg & Re COM 09250U101 8,377 279,700 SH Sole 279,700 -
Blackrock Global Eq Inc Tr COM 09255D104 961 64,585 SH Sole 64,585 -
Blackrock Health Sciences COM 09250W107 4,820 196,900 SH Sole 196,900 -
Blackrock Inc. COM COM 09247X101 4,992 24,450 SH Sole 24,450 -
Blackrock International Gr COM 092524107 1,464 94,300 SH Sole 94,300 -
Blackrock Ltd Duration Inc COM 09249W101 2,613 176,532 SH Sole 176,532 -
Blackrock Pfd & Eq Adv Tr COM 092508100 9,173 581,318 SH Sole 581,318 -
Blackrock Preferred Opport COM 09249V103 402 24,400 SH Sole 24,400 -
Blackrock Real Asset Equit COM 09254B109 6,348 391,100 SH Sole 391,100 -
Blackrock World Investment COM 09250K103 836 56,400 SH Sole 56,400 -
Blackstone Group LP Common COM 09253U108 3,381 212,900 SH Sole 212,900 -
Boeing Co Common COM 097023105 9,218 123,943 SH Sole 123,943 -
Boston Properties Inc Comm COM 101121101 647,836 7,036,347 SH Sole 6,601,939 434,408
Brandywine Realty Trust Co COM 105368203 75,387 4,444,977 SH Sole 4,444,977 -
BRE Properties Inc Common COM 05564E106 215,212 4,723,711 SH Sole 4,289,572 434,139
Brookfield Properties Co C COM 112900105 113,238 5,864,258 SH Sole 5,034,653 829,605
Calamos Convertible & Inco COM 12811P108 5,340 421,812 SH Sole 421,812 -
Calamos Global Total Retur COM 128118106 165 10,000 SH Sole 10,000 -
Calamos Strat Tot Return F COM 128125101 16,074 1,327,300 SH Sole 1,327,300 -
Camden Property Trust Comm COM 133131102 128,651 2,562,772 SH Sole 2,438,276 124,496
Capital And Inc Strat Fd I COM 09256A109 3,670 203,200 SH Sole 203,200 -
Carnival Corp Common COM 143658300 2,394 59,150 SH Sole 59,150 -
CBL & Associates Propertie COM 124830100 189 8,031 SH Sole 8,031 -
Cedar Shopping Centers Inc COM 150602209 25,313 2,167,200 SH Sole 2,167,200 -
CenterPoint Energy, Inc. C COM 15189T107 214 15,000 SH Sole 15,000 -
Chevron Corp Common COM 166764100 13,942 163,330 SH Sole 163,330 -
China Mobile Ltd ADR COM 16941M109 105 1,400 SH Sole 1,400 -
Citigroup Inc Common COM 172967101 8,608 401,888 SH Sole 401,888 -
Citizens Communications Co COM 17453B101 12,478 1,189,500 SH Sole 1,189,500 -
Cleco Corp Common COM 12561W105 11,420 514,900 SH Sole 514,900 -
Clough Global Allocation F COM 18913Y103 2,071 109,600 SH Sole 109,600 -
Clough Global Equity Fund COM 18914C100 3,220 178,900 SH Sole 178,900 -
Clough Global Opportunitie COM 18914E106 16,019 981,585 SH Sole 981,585 -
CNOOC Ltd ADR COM 126132109 301 2,050 SH Sole 2,050 -
Coca-Cola Co/The Common COM 191216100 2,648 43,500 SH Sole 43,500 -
Colonial Properties Trust COM 195872106 31,929 1,327,656 SH Sole 1,327,656 -
Comverge Common COM 205859101 66 6,400 SH Sole 6,400 -
ConocoPhillips Common COM 20825C104 12,709 166,770 SH Sole 166,770 -
Consolidated Edison Inc Co COM 209115104 49,852 1,255,700 SH Sole 1,255,700 -
Constellation Energy Group COM 210371100 27,991 317,106 SH Sole 317,106 -
Corning Inc Common COM 219350105 12,408 516,100 SH Sole 516,100 -
Corporate Office Propertie COM 22002T108 3,025 90,000 SH Sole 90,000 -
Costco Wholesale Corp Comm COM 22160K105 4,905 75,500 SH Sole 75,500 -
Cushing MLP Total Return F COM 231631102 1,240 74,000 SH Sole 74,000 -
DCP Midstream Partners LP COM 23311P100 13,021 449,000 SH Sole 449,000 -
Developers Diversified Rea COM 251591103 388,441 9,275,117 SH Sole 8,678,850 596,267
Devon Energy Corp Common COM 25179M103 14,353 137,573 SH Sole 137,573 -
Diageo PLC ADR COM 25243Q205 6,782 83,400 SH Sole 83,400 -
DiamondRock Hospitality Co COM 252784301 54,835 4,328,000 SH Sole 4,256,300 71,700
Digital Realty Trust Inc C COM 253868103 8,632 243,152 SH Sole 230,011 13,141
Disney Co Common COM 254687106 11,086 353,300 SH Sole 353,300 -
Dominion Resources Inc/VA COM 25746U109 54,056 1,323,606 SH Sole 1,323,606 -
Douglas Emmett Common COM 25960P109 123,174 5,583,588 SH Sole 5,130,398 453,190
Dow 30 Enhanced Preimium & COM 260537105 8,282 543,072 SH Sole 543,072 -
Dow 30 Prem & Div Inc Fund COM 260582101 895 51,000 SH Sole 51,000 -
Dow Chemical Co/The Common COM 260543103 5,970 162,000 SH Sole 162,000 -
DPL Inc Common COM 233293109 9,600 374,402 SH Sole 374,402 -
DTE Energy Co Common COM 233331107 15,470 397,800 SH Sole 397,800 -
Duff & Phelps Utility & Co COM 26432K108 116 10,500 SH Sole 10,500 -
Duke Energy Corp Common COM 26441C105 148,547 8,321,949 SH Sole 8,321,949 -
Duncan Energy Partners Com COM 265026104 2,733 147,900 SH Sole 147,900 -
DuPont Fabros Technology I COM 26613Q106 40,822 2,475,499 SH Sole 2,190,601 284,898
DWS Glbl Commodities Stk C COM 23338Y100 3,943 234,572 SH Sole 234,572 -
DWS RREEF Real Estate CEF COM 233384106 3,946 232,547 SH Sole 232,547 -
DWS RREEF Real Estate II C COM 23338X102 5,306 427,900 SH Sole 427,900 -
EastGroup Properties Inc C COM 277276101 114,882 2,472,718 SH Sole 2,283,096 189,622
Eastman Chemical Company C COM 277432100 2,186 35,000 SH Sole 35,000 -
Eaton Vance Enh Eqt Inc II COM 278277108 15,107 886,021 SH Sole 886,021 -
Eaton Vance Enhanced Eq In COM 278274105 4,622 267,953 SH Sole 267,953 -
Eaton Vance Float Rate Inc COM 278279104 341 24,100 SH Sole 24,100 -
Eaton Vance Ltd Duration I COM 27828H105 4,804 340,965 SH Sole 340,965 -
Eaton Vance Senior Floatin COM 27828Q105 900 65,200 SH Sole 65,200 -
Eaton Vance Short Duration COM 27828V104 486 31,900 SH Sole 31,900 -
Eaton Vance T/M Buy-Write COM 27828X100 3,908 240,198 SH Sole 240,198 -
Eaton Vance T/M Buy-Write COM 27828Y108 11,645 732,862 SH Sole 732,862 -
Eaton Vance TA Gl Div & In COM 27828S101 9,883 442,000 SH Sole 442,000 -
Eaton Vance Tax Man Glbl B COM 27829C105 16,101 1,012,665 SH Sole 1,012,665 -
Eaton Vance Tax Man Glbl C COM 27829F108 14,909 950,226 SH Sole 950,226 -
Eaton Vance Tax-Adv Dvd In COM 27828G107 11,720 503,200 SH Sole 503,200 -
Eaton Vance Tax-Mgd Dvsfie COM 27828N102 22,145 1,435,205 SH Sole 1,435,205 -
Edison International Commo COM 281020107 1,034 21,086 SH Sole 21,086 -
Education Realty Trust Inc COM 28140H104 34,492 2,743,968 SH Sole 2,650,268 93,700
EI Du Pont de Nemours & COM 263534109 4,115 88,000 SH Sole 88,000 -
El Paso Corp Common COM 28336L109 965 58,000 SH Sole 58,000 -
Eli Lilly and Co Common COM 532457108 4,344 84,200 SH Sole 84,200 -
Enbridge Energy Partners L COM 29250R106 952 20,000 SH Sole 20,000 -
Energy Income And Growth F COM 292697109 2,901 132,100 SH Sole 132,100 -
Energy Transfer Partners L COM 29273R109 13,445 294,400 SH Sole 294,400 -
EnergySouth Common COM 292970100 464 8,896 SH Sole 8,896 -
Enhanced S&P 500 Covered C COM 29332W107 155 9,700 SH Sole 9,700 -
Entergy 7.625% CV PFD 29364G202 4,249 65,000 SH Sole 65,000 -
Entergy Corp Common COM 29364G103 144,809 1,327,554 SH Sole 1,327,554 -
Enterprise Products Ptnrs COM 293792107 17,877 601,900 SH Sole 601,900 -
Entertainment Properties T COM 29380T105 48,267 978,435 SH Sole 968,091 10,344
Equitable Resources Inc Co COM 294549100 62,569 1,062,288 SH Sole 1,062,288 -
Equity Lifestyle Propertie COM 29472R108 127,403 2,580,574 SH Sole 2,280,681 299,893
Equity One Inc Common COM 294752100 74,540 3,109,666 SH Sole 2,828,186 281,480
Equity Residential Common COM 29476L107 235,383 5,673,237 SH Sole 5,165,099 508,138
Essex Property Trust Inc C COM 297178105 51,772 454,225 SH Sole 406,695 47,530
Evergreen Global Div Opptn COM 30024H101 13,391 865,000 SH Sole 865,000 -
Evergreen Income Advantage COM 30023Y105 3,198 303,408 SH Sole 303,408 -
Exelon Corp Common COM 30161N101 204,459 2,515,804 SH Sole 2,515,804 -
Exterran Partners LP Commo COM 30225N105 5,612 193,500 SH Sole 193,500 -
Extra Space Storage Inc Co COM 30225T102 104,890 6,478,689 SH Sole 6,004,154 474,535
Exxon Mobil Corp Common COM 30231G102 17,828 210,797 SH Sole 210,797 -
F&C / Claymore Pfd Sec Inc COM 338478100 1,336 90,000 SH Sole 90,000 -
F&C / Claymore Total Retur COM 338479108 359 22,900 SH Sole 22,900 -
Fairpoint Communications I COM 305560104 11,154 1,236,626 SH Sole 1,236,626 -
Federal Realty Invs Trust COM 313747206 340,610 4,369,607 SH Sole 3,905,958 463,649
Fiduciary/Claymore Mlp Opp COM 31647Q106 3,451 164,661 SH Sole 164,661 -
First Industrial Realty Tr COM 32054K103 12,177 394,200 SH Sole 394,200 -
First Trust/Four Crns SR F COM 33733U108 256 18,800 SH Sole 18,800 -
FirstEnergy Corp Common COM 337932107 106,653 1,554,269 SH Sole 1,554,269 -
Forest City Enterprises In COM 345550107 65,161 1,770,668 SH Sole 1,582,451 188,217
FPL Group Inc Common COM 302571104 110,589 1,762,654 SH Sole 1,762,654 -
Franklin Resources Inc Com COM 354613101 2,464 25,400 SH Sole 25,400 -
Franklin Templeton Ltd Dur COM 35472T101 610 55,800 SH Sole 55,800 -
Freddie Mac Common COM 313400301 3,748 148,040 SH Sole 148,040 -
Gabelli Dividend & Income COM 36242H104 10,368 582,808 SH Sole 582,808 -
Gabelli Global Deal Fund C COM 36245G103 1,324 82,800 SH Sole 82,800 -
General Dynamics Corp Comm COM 369550108 15,191 182,219 SH Sole 182,219 -
General Electric Co Common COM 369604103 18,645 503,780 SH Sole 503,780 -
General Growth Properties COM 370021107 694,756 18,201,619 SH Sole 16,191,023 2,010,596
General Mills Inc Common COM 370334104 2,341 39,100 SH Sole 39,100 -
Glimcher Realty Trust Comm COM 379302102 62,994 5,267,000 SH Sole 4,974,200 292,800
Goldman Sach Group, Inc. COM 38141G104 2,564 15,500 SH Sole 15,500 -
Gramercy Capital Corp/New COM 384871109 14,489 692,276 SH Sole 692,276 -
Great Plains Energy Inc Co COM 391164100 6,241 253,200 SH Sole 253,200 -
H & Q Healthcare Investors COM 404052102 1,246 83,000 SH Sole 83,000 -
H & Q Life Sciences Invstr COM 404053100 3,035 257,000 SH Sole 257,000 -
HCC Insurance Holdings Inc COM 404132102 16,298 718,281 SH Sole 718,281 -
HCP Inc Common COM 40414L109 192,312 5,688,035 SH Sole 5,640,835 47,200
Health Care REIT Inc Commo COM 42217K106 232,758 5,157,516 SH Sole 5,049,601 107,915
Hewlett-Packard Co Common COM 428236103 4,610 100,974 SH Sole 100,974 -
Highland Credit Strategies COM 43005Q107 8,033 616,921 SH Sole 616,921 -
Highwoods Properties Inc C COM 431284108 83,038 2,672,600 SH Sole 2,641,800 30,800
HJ Heinz Co Common COM 423074103 4,528 96,400 SH Sole 96,400 -
Home Properties Inc Common COM 437306103 223,084 4,648,529 SH Sole 4,476,729 171,800
Hospitality Properties Tru COM 44106M102 88,832 2,611,164 SH Sole 2,578,664 32,500
Host Hotels & Resorts Comm COM 44107P104 302,446 18,997,900 SH Sole 17,392,576 1,605,324
HSBC Holdings PLC ADR COM 404280406 7,144 86,800 SH Sole 86,800 -
ING Clarion Global Real Es COM 44982G104 9,497 672,113 SH Sole 672,113 -
ING Clarion Real Estate In COM 449788108 1,242 109,500 SH Sole 109,500 -
ING Global Advntge & Premi COM 44982N109 5,575 338,300 SH Sole 338,300 -
ING Global Eqty Div & Prem COM 45684E107 3,432 206,844 SH Sole 206,844 -
ING Risk Managed Natural R COM 449810100 9,625 584,031 SH Sole 584,031 -
Inland Real Estate Corp Co COM 457461200 58,019 3,814,574 SH Sole 3,734,674 79,900
Intel Corp Common COM 458140100 9,978 471,101 SH Sole 471,101 -
International Business Mac COM 459200101 9,163 79,583 SH Sole 79,583 -
iStar Financial Inc Common COM 45031U101 10,779 768,300 SH Sole 768,300 -
ITC Holdings Corp Common COM 465685105 13,874 266,500 SH Sole 266,500 -
JM Smucker Company Common COM 832696405 354 7,000 SH Sole 7,000 -
John Han Bk & Thrift Opp F COM 409735107 3,860 658,660 SH Sole 658,660 -
John Hancock Preferred Inc COM 41013W108 561 29,800 SH Sole 29,800 -
John Hancock Preferred Inc COM 41013X106 948 49,900 SH Sole 49,900 -
John Hancock T/A Dvd Incom COM 41013V100 11,222 732,000 SH Sole 732,000 -
Johnson & Johnson Common COM 478160104 15,396 237,336 SH Sole 237,336 -
JPMorgan Chase & Co Co COM 46625H100 16,008 372,694 SH Sole 372,694 -
Kayne Anderson Energy Tot COM 48660P104 3,992 157,332 SH Sole 157,332 -
Kilroy Realty Corp Common COM 49427F108 82,880 1,687,669 SH Sole 1,507,173 180,496
Kimberly-Clark Corp Common COM 494368103 3,550 55,000 SH Sole 55,000 -
Kimco Realty Corp Common COM 49446R109 104,516 2,668,266 SH Sole 2,374,555 293,711
Kinder Morgan Energy Partn COM 494550106 15,455 282,592 SH Sole 282,592 -
Korea Electric Power Corp COM 500631106 481 32,000 SH Sole 32,000 -
Kraft Foods Inc Common COM 50075N104 8,501 274,126 SH Sole 274,126 -
Lafarge SA Spon ADR COM 505861401 100 2,300 SH Sole 2,300 -
LaSalle Hotel Properties C COM 517942108 121,875 4,242,047 SH Sole 3,795,177 446,870
Leggett & Platt Common COM 524660107 1,125 73,800 SH Sole 73,800 -
Liberty All Star Equity Fu COM 530158104 3,112 487,086 SH Sole 487,086 -
Liberty All-Star Growth Fd COM 529900102 828 175,000 SH Sole 175,000 -
Liberty Property Trust Com COM 531172104 289,500 9,305,675 SH Sole 8,867,612 438,063
LMP Cap & Inc CEF CEF COM 50208A102 8,950 556,259 SH Sole 556,259 -
Lockheed Martin Corp Commo COM 539830109 7,438 74,900 SH Sole 74,900 -
Macerich Co/The Common COM 554382101 645,333 9,183,602 SH Sole 8,338,251 845,351
Mack-Cali Realty Corp Comm COM 554489104 278,986 7,812,557 SH Sole 7,485,439 327,118
Madison/Claymore Covered C COM 556582104 1,067 100,489 SH Sole 100,489 -
Magellan Midstream Partner COM 559080106 8,015 197,900 SH Sole 197,900 -
Maguire Properties Inc Com COM 559775101 87,096 6,086,411 SH Sole 5,736,195 350,216
Masco Corp Common COM 574599106 2,286 115,300 SH Sole 115,300 -
Mattel Inc Common COM 577081102 2,965 149,000 SH Sole 149,000 -
McDonald's Corp Common COM 580135101 4,352 78,039 SH Sole 78,039 -
Medtronic Common COM 585055106 16,476 340,625 SH Sole 340,625 -
Merck and Co Inc Common COM 589331107 6,938 182,829 SH Sole 182,829 -
Merrill Lynch Common COM 590188108 3,699 90,800 SH Sole 90,800 -
Merrill Lynch Debt Strateg COM 09255R103 438 83,300 SH Sole 83,300 -
MFS Intermediate Income Tr COM 55273C107 747 117,500 SH Sole 117,500 -
MFS Mutimarket Inc. Trust COM 552737108 512 90,000 SH Sole 90,000 -
Microchip Technology Inc C COM 595017104 11,657 356,148 SH Sole 356,148 -
Microsoft Common COM 594918104 13,788 485,815 SH Sole 485,815 -
Mid-America Apartment Comm COM 59522J103 83,323 1,671,800 SH Sole 1,656,100 15,700
Mirant Corp Common COM 60467R100 473 13,000 SH Sole 13,000 -
Mission West Properties Co COM 605203108 20,167 2,134,076 SH Sole 2,070,576 63,500
MLP & Strategic Equity Fun COM 55312N106 3,238 232,803 SH Sole 232,803 -
Monsanto Co Common COM 61166W101 10,741 96,334 SH Sole 96,334 -
Morgan Stanley Common COM 617446448 5,114 111,900 SH Sole 111,900 -
MS Emerging Mkts Domestic COM 617477104 1,363 78,600 SH Sole 78,600 -
Nasdaq Premium Income & Gr COM 63110R105 7,367 482,500 SH Sole 482,500 -
National Fuel Gas Co Commo COM 636180101 2,464 52,200 SH Sole 52,200 -
National Retail Properties COM 637417106 20,599 934,200 SH Sole 934,200 -
Nationwide Health Properti COM 638620104 236,724 7,014,033 SH Sole 6,880,733 133,300
Neuberger Berman Dvd Adv F COM 64127J102 2,514 163,700 SH Sole 163,700 -
Neuberger Berman Income Op COM 64126L108 1,296 124,600 SH Sole 124,600 -
Neuberger Berman Real Esta COM 64190A103 6,962 671,329 SH Sole 671,329 -
Newell Rubbermaid Inc Comm COM 651229106 1,647 72,000 SH Sole 72,000 -
NFJ Dvd Interest & Pr Stra COM 65337H109 11,685 528,000 SH Sole 528,000 -
Nicholas Applegate Eq & Cv COM 65370K100 3,812 189,650 SH Sole 189,650 -
Nicholas-Applegate Conv. & COM 65370F101 1,957 169,300 SH Sole 169,300 -
Nicholas-Applegate Conv. & COM 65370G109 5,155 468,604 SH Sole 468,604 -
Nicholas-Applegate Intl & COM 65370C108 1,707 84,500 SH Sole 84,500 -
Nike Inc Common COM 654106103 13,698 201,437 SH Sole 201,437 -
Nokia OYJ ADR COM 654902204 3,098 97,300 SH Sole 97,300 -
Nordstrom Inc Common COM 655664100 6,016 184,540 SH Sole 184,540 -
Norfolk Southern Corporati COM 655844108 2,466 45,400 SH Sole 45,400 -
Northeast Utilities Common COM 664397106 16,249 662,145 SH Sole 662,145 -
NRG Energy Common COM 629377508 981 25,166 SH Sole 25,166 -
NSTAR Common COM 67019E107 25,866 850,013 SH Sole 850,013 -
Nuveen Diversified Dividen COM 6706EP105 4,404 340,897 SH Sole 340,897 -
Nuveen Equity Premium Inco COM 6706ER101 587 38,754 SH Sole 38,754 -
Nuveen Floating Rate Inc O COM 6706EN100 419 41,000 SH Sole 41,000 -
Nuveen Global Value Oppty COM 6706EH103 2,357 130,100 SH Sole 130,100 -
Nuveen Real Estate Income COM 67071B108 4,251 272,705 SH Sole 272,705 -
Nuveen Tax-Adv Tot Ret Str COM 67090H102 1,265 70,500 SH Sole 70,500 -
OGE Energy Corp Common COM 670837103 26,638 854,600 SH Sole 854,600 -
Old Mutual Claymore Long-S COM 68003N103 1,227 91,079 SH Sole 91,079 -
Omega Healthcare Investors COM 681936100 31,439 1,811,000 SH Sole 1,763,800 47,200
Oneok Inc Common COM 682680103 4,383 98,200 SH Sole 98,200 -
Paccar Inc Common COM 693718108 3,823 84,950 SH Sole 84,950 -
Parkway Properties Inc/Md COM 70159Q104 45,220 1,223,473 SH Sole 1,189,873 33,600
Pepco Holdings Inc Common COM 713291102 59,204 2,395,000 SH Sole 2,395,000 -
PepsiCo, Inc. COM 713448108 3,546 49,110 SH Sole 49,110 -
Petro-Canada Common COM 71644E102 5,335 122,900 SH Sole 122,900 -
Pfizer Inc Common COM 717081103 7,474 357,134 SH Sole 357,134 -
PG&E Corp Common COM 69331C108 57,497 1,561,562 SH Sole 1,561,562 -
PIMCO Corporate Opportunit COM 72201B101 - 1 SH Sole 1 -
PIMCO Global StocksPLUS & COM 722011103 1,805 81,300 SH Sole 81,300 -
Pinnacle West Capital Corp COM 723484101 32,277 920,100 SH Sole 920,100 -
Pioneer Diversified High T COM 723653101 398 21,000 SH Sole 21,000 -
Pioneer Floating Rate Trus COM 72369J102 340 24,500 SH Sole 24,500 -
Pioneer High Income Trust COM 72369H106 2,467 187,600 SH Sole 187,600 -
Pitney Bowes Inc Common COM 724479100 2,416 69,000 SH Sole 69,000 -
Plum Creek Timber co Commo COM 729251108 82,127 2,017,873 SH Sole 2,015,768 2,105
PNC Financial Services Gro COM 693475105 485 7,400 SH Sole 7,400 -
Post Properties Inc Common COM 737464107 107 2,772 SH Sole 2,772 -
PPG Industries Inc Common COM 693506107 1,894 31,300 SH Sole 31,300 -
PPL Corp Common COM 69351T106 62,004 1,350,272 SH Sole 1,350,272 -
Preferred & Corp. Inc. Str COM 09255J101 342 23,000 SH Sole 23,000 -
Procter & Gamble Co Common COM 742718109 19,555 279,076 SH Sole 279,076 -
Progress Energy Inc Common COM 743263105 52,402 1,256,650 SH Sole 1,256,650 -
Prologis Common COM 743410102 300,167 5,099,670 SH Sole 4,569,633 530,037
PS Business Parks Inc Comm COM 69360J107 79,629 1,534,247 SH Sole 1,357,636 176,611
Public Service Enterprise COM 744573106 116,717 2,904,130 SH Sole 2,904,130 -
Public Storage Inc Common COM 74460D109 467,686 5,277,452 SH Sole 4,754,444 523,008
Public Storage Inc Series COM 74460D729 20,746 826,200 SH Sole 802,400 23,800
Puget Energy Inc COM 745310102 2,628 101,600 SH Sole 101,600 -
Putnam Premier Income Fund COM 746853100 1,256 207,000 SH Sole 207,000 -
Qualcomm Inc COM COM 747525103 2,636 64,300 SH Sole 64,300 -
Questar Corp Common COM 748356102 1,135 20,064 SH Sole 20,064 -
Ramco-Gershenson Propertie COM 751452202 16,578 785,300 SH Sole 785,300 -
Real Estate Income Fund CE COM 50208C108 3,034 206,515 SH Sole 206,515 -
Regency Centers Corp Commo COM 758849103 377,448 5,828,414 SH Sole 5,296,167 532,247
Royal Bank of Scotland 6.7 PFD 780097754 140 6,000 SH Sole 6,000 -
Royal Bank of Scotland Gro PFD 780097739 947 42,478 SH Sole 41,478 1,000
Royal Bank of Scotland Gro PFD 780097713 7,364 300,935 SH Sole 299,841 1,094
Royal Bank of Scotland Pfd PFD 780097770 2,886 130,700 SH Sole 130,700 -
RR Donnelley & Sons Co Com COM 257867101 1,634 53,900 SH Sole 53,900 -
S & P Covered Call Fund C COM 78381P109 1,765 113,600 SH Sole 113,600 -
SB Emerging Markets Debt F COM 95766A101 922 53,000 SH Sole 53,000 -
SCANA Corp Common COM 80589M102 5,743 157,000 SH Sole 157,000 -
Schlumberger LTD Common COM 806857108 11,484 131,998 SH Sole 131,998 -
SemGroup Energy Partners L COM 81662W108 4,267 169,000 SH Sole 169,000 -
Sempra Energy Common COM 816851109 58,030 1,089,151 SH Sole 1,089,151 -
Senior Housing Prop Trust COM 81721M109 132,411 5,586,918 SH Sole 5,454,618 132,300
Sierra Pacific Resources C COM 826428104 526 41,664 SH Sole 41,664 -
Simon Property Group Inc C COM 828806109 869,178 9,355,043 SH Sole 7,868,024 1,487,019
SL Green Realty Corp Commo COM 78440X101 519,511 6,376,700 SH Sole 5,964,137 412,563
Small Cap Prem & Div Inc F COM 83165P101 1,723 116,000 SH Sole 116,000 -
Sonoco Products Common COM 835495102 1,686 58,900 SH Sole 58,900 -
Southern Union Co Common COM 844030106 498 21,397 SH Sole 21,397 -
Sovran Self Storage Inc Co COM 84610H108 111,307 2,606,110 SH Sole 2,529,410 76,700
Spectra Energy Corp Common COM 847560109 61,799 2,716,455 SH Sole 2,716,455 -
Starwood Hotels & Resorts COM 85590A401 150,673 2,911,565 SH Sole 2,613,991 297,574
Strategic Hotel Capital In COM 86272T106 116,066 8,839,777 SH Sole 8,401,432 438,345
Sunamerica Focused Alpha G COM 867037103 7,266 471,500 SH Sole 471,500 -
Sunstone Hotel Investors I COM 867892101 81,056 5,062,970 SH Sole 4,571,386 491,584
Targa Resources Partners L COM 87611X105 8,998 387,000 SH Sole 387,000 -
Taubman Centers Inc Common COM 876664103 125,167 2,402,429 SH Sole 2,021,630 380,799
Teco Energy Common COM 872375100 9,714 609,000 SH Sole 609,000 -
Teekay LNG Partners LP Com PRTNRS Y8564M105 5,161 179,700 SH Sole 179,700 -
Teekay Offshore Partners L PRTNRS Y8565J101 4,813 207,900 SH Sole 207,900 -
Teva Pharmaceutical ADR COM 881624209 9,741 210,884 SH Sole 210,884 -
The Southern Co Common COM 842587107 133,344 3,744,546 SH Sole 3,744,546 -
Thomas Properties Group In COM 884453101 1,392 158,536 SH Sole 116,647 41,889
Total SA Spon ADR COM 89151E109 581 7,850 SH Sole 7,850 -
Transocean Inc COM G90073100 7,801 57,697 SH Sole 57,697 -
UDR INC Common COM 902653104 232,191 9,469,445 SH Sole 9,006,042 463,403
United Parcel Service Inc COM 911312106 10,753 147,260 SH Sole 147,260 -
United Technologies Corpor COM 913017109 3,804 55,273 SH Sole 55,273 -
Urstadt Biddle Properties COM 917286205 25,780 1,638,877 SH Sole 1,583,477 55,400
US Bancorp Common COM 902973304 13,410 414,400 SH Sole 414,400 -
U-Store-It Trust Common COM 91274F104 58,442 5,158,376 SH Sole 4,578,675 579,701
Vectren Corp Common COM 92240G101 16,479 614,167 SH Sole 614,167 -
Ventas Inc Common COM 92276F100 413,132 9,199,138 SH Sole 8,849,719 349,419
Verizon Communications Inc COM 92343V104 16,044 440,186 SH Sole 440,186 -
Vornado Realty Trust Commo COM 929042109 626,622 7,268,561 SH Sole 6,856,256 412,305
Wachovia Corp Common COM 929903102 5,249 194,400 SH Sole 194,400 -
Wal-Mart Stores Inc COM 931142103 148 2,800 SH Sole 2,800 -
Washington Real Estate Inv COM 939653101 21,712 649,640 SH Sole 630,675 18,965
Waste Management Inc Commo COM 94106L109 2,158 64,300 SH Sole 64,300 -
Weingarten Realty Investor COM 948741103 2,876 83,495 SH Sole 47,095 36,400
Wells Fargo & Co Common COM 949746101 16,150 554,987 SH Sole 554,987 -
Western Asset Emerging Mkt COM 95766E103 1,449 113,400 SH Sole 113,400 -
Western Asset High Income COM 95766J102 2,987 324,974 SH Sole 324,974 -
Western Asset Managed Inc COM 95766K109 1,760 311,000 SH Sole 311,000 -
Western Asset Opportunity COM 95766L107 3,081 562,287 SH Sole 562,287 -
Western Asset Premier Bond COM 957664105 116 9,300 SH Sole 9,300 -
Western Asset Worldwide In COM 957668106 559 43,000 SH Sole 43,000 -
Western Asset/Claymore Inf COM 95766R104 950 79,400 SH Sole 79,400 -
Williams Cos Inc Common COM 969457100 1,914 58,028 SH Sole 58,028 -
Williams Partners LP Commo PRTNRS 96950F104 26,410 838,400 SH Sole 838,400 -
Wisconsin Energy Group Com COM 976657106 709 16,128 SH Sole 16,128 -
Worthington Industries Com COM 981811102 4,982 295,300 SH Sole 295,300 -
Xcel Energy Inc Common COM 98389B100 59,407 2,977,809 SH Sole 2,977,809 -
Yum! Brands Common COM 988498101 8,588 230,793 SH Sole 230,793 -
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366 Data Records
16,069,978 Value Total
01 Other Manager on whose behalf report is filed