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Institutional Investment Manager
Independent Order of Foresters
Independent Order of Foresters (CIK: 0001538037), located at 789 Don Mills Road, Toronto. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q4)
Portfolio Summary: 110 holdings with a total value of $118,763,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 SIMON PROPERTY GROUP 54,890 9,771,000 8.23%
2 PUBLIC STORAGE 38,609 8,624,000 7.26%
3 AVALONBAY COMM 27,074 4,798,000 4.04%
4 EQUITY RESIDENT 72,376 4,658,000 3.92%
5 EXTRA SPACE STORAGE INC 57,000 4,403,000 3.71%
6 GENERAL GROWTH PPTYS INC NEW 164,162 4,102,000 3.45%
7 LIFE STORAGE INC COM 46,176 3,938,000 3.32%
8 WELLTOWER INC 58,583 3,921,000 3.30%
9 VENTAS INC 58,041 3,629,000 3.06%
10 VORNADO RLTY TR 33,715 3,519,000 2.96%
11 BOSTON PROPERTIES 27,443 3,453,000 2.91%
12 TANGER FACTORY OUTLET CTRS I 84,789 3,035,000 2.56%
13 HCP INC 94,715 2,818,000 2.37%
14 SELECT INCOME REIT 97,826 2,465,000 2.08%
15 ESSEX PPTY TR INC 10,045 2,337,000 1.97%
16 COMMUNICATIONS SALES&LEAS IN 85,435 2,171,000 1.83%
17 MID-AM APRTMNT COMM 21,273 2,083,000 1.75%
18 TAUBMAN CENTERS 27,448 2,029,000 1.71%
19 CORECIVIC INC COM 82,719 2,023,000 1.70%
20 EQUITY LIFESTYLE PPTYS INC 27,956 2,016,000 1.70%
21 HOST HOTELS & RESORTS INC COM 104,538 1,971,000 1.66%
22 CARE CAP PPTYS INC 77,394 1,934,000 1.63%
23 PROLOGIS INC 28,423 1,501,000 1.26%
24 ALEX REAL ESTATE EQ 11,504 1,278,000 1.08%
25 CBL & Associates Properties In 103,962 1,196,000 1.01%
26 PARAMOUNT GROUP INC COM 73,777 1,180,000 0.99%
27 ONE LIBERTY PPTYS INC 44,577 1,119,000 0.94%
28 APARTMENT INVT & MGMT CO 23,394 1,063,000 0.90%
29 CUBESMART 37,700 1,009,000 0.85%
30 FEDERAL REALTY INVS 7,017 997,000 0.84%
31 TIER REIT INC 55,438 964,000 0.81%
32 SL GREEN REALTY CORP 8,921 959,000 0.81%
33 SUN COMMUNITIES INC COM 11,817 906,000 0.76%
34 DDR Corp 56,064 856,000 0.72%
35 WASHINGTON PRIME GROUP NEW COM 81,573 850,000 0.72%
36 DUKE REALTY CORP 31,005 823,000 0.69%
37 MACERICH CO 11,434 810,000 0.68%
38 CAMDEN PROPERTY TRUS 9,255 778,000 0.66%
39 LASALLE HOTEL PPTYS 25,324 772,000 0.65%
40 FOREST CITY RLTY TR INC COM CL A 36,600 763,000 0.64%
41 HOSPITALITY PPTYS TR 23,667 751,000 0.63%
42 RETAIL PPTYS AMER INC CL A 48,514 744,000 0.63%
43 AMERICAN CAMPUS CMNTYS INC 13,751 685,000 0.58%
44 BERKSHIRE HATHAWAY INC DEL 4,054 661,000 0.56%
45 WELLS FARGO & CO NEW 11,630 641,000 0.54%
46 KIMCO REALTY 25,437 640,000 0.54%
47 CORPORATE OFFICE 19,555 611,000 0.51%
48 AMERICAN EXPRESS CO 7,703 571,000 0.48%
49 SENIOR HOUSING PROPERTIES TRUST 28,400 538,000 0.45%
50 MICROSOFT CORP 8,355 519,000 0.44%
Page 1 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0000950123-17-002271, filed 2017.02.14).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.