<TABLE>
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ABBOTT LABS COM 002824100 3099 84470 SH SOLE 84470
ACCEPTANCE INSUR COS INC COM 004308102 478 37890 SH SOLE 37890
ADVENT SOFTWARE COM 007974108 420 6750 SH SOLE 6750
AFLAC INC COM 001055102 205 4900 SH SOLE 4900
ALLEGHENY ENERGY INC COM 017361106 2374 74475 SH SOLE 74475
ALLSTATE CORP COM 020002101 7717 309470 SH SOLE 309470
AMERICAN AXEL & MFG HLDGS INC COM 024061103 285 20000 SH SOLE 20000
AMERICAN EXPRESS CO COM 025816109 709 5250 SH SOLE 5250
AMERICAN GENERAL CORP COM 026351106 5449 86144 SH SOLE 86144
AMERICAN HEALTH PPTYS INC COM 026494104 8259 410377 SH SOLE 410377
AMERICAN HOME PRODS CORP COM 026609107 216 5200 SH SOLE 5200
AMERICAN INTL GROUP INC COM 026874107 5220 60040 SH SOLE 60040
AMERICAN TEL & TELEG CO COM 001957109 255 5866 SH SOLE 5866
AMERITECH CORP NEW COM 030954101 1469 22000 SH SOLE 22000
ANHEUSER BUSCH COS INC COM 035229103 357 5100 SH SOLE 5100
APPLIED EXTRUSION TECH INC COM 038196101 89 12000 SH SOLE 12000
ARCHER DANIELS MIDLAND CO COM 039483102 813 67055 SH SOLE 67055
ASSOCIATED ESTATES REALTY CORP COM 045604105 320 34800 SH SOLE 34800
AT & T CORP CLASS A LIBERTY ME COM 001957208 1037 27790 SH SOLE 27790
AZURIX CORP. COM 05501M104 172 10000 SH SOLE 10000
BAMBOO.COM COM 05942K105 178 10000 SH SOLE 10000
BANK OF AMERICA CORP COM 060505104 5282 94842 SH SOLE 94842
BANK OF NEW YORK COM 064057102 619 18500 SH SOLE 18500
BANK ONE CORP COM 06423a103 5637 161933 SH SOLE 161933
BCE INC COM 05534B109 13950 280057 SH SOLE 280057
BECKMAN COULTER INC COM 075811109 845 18718 SH SOLE 18718
BELL ATLANTIC CORP COM 077853109 2058 30578 SH SOLE 30578
BERGEN BRUNSWIG A COM 083739102 1936 186570 SH SOLE 186570
BEVERLY ENTERPRISES INC COM 087851309 184 43400 SH SOLE 43400
BJ'S WHOLESALE CLUB COM 05548J106 3492 118118 SH SOLE 118118
BORDERS GROUP INC COM 099709107 3565 242737 SH SOLE 242737
BOSTON PROPERTIES INC COM 101121101 374 12200 SH SOLE 12200
BP AMOCO PLC COM 055622104 748 6747 SH SOLE 6747
BRANDYWINE REALTY TRUST COM 105368203 985 60600 SH SOLE 60600
BRISTOL MYERS SQUIBB CO COM 110122108 2924 43320 SH SOLE 43320
BURLINGTON NORTHERN INC COM 12189T104 5970 217093 SH SOLE 217093
CALL NET ENTERPRISES INC CLASS COM 130910201 271 51000 SH SOLE 51000
CALPINE CP COM 131347106 4499 52895 SH SOLE 52895
CAMDEN PROPERTY TRUST COM 133131102 1095 40735 SH SOLE 40735
CARRAMERICA REALTY CORPORATION COM 144418100 294 13400 SH SOLE 13400
CENTERPOINT PROPERTIES CORP COM 151895109 586 17350 SH SOLE 17350
CENTERTRUST RETAIL PROPERTIES COM 151845104 494 44425 SH SOLE 44425
CENTURY COMMUNICATIONS A COM 156503104 329 7200 SH SOLE 7200
CERIDIAN CORP COM 15677T106 7213 289988 SH SOLE 289988
CHASE MANHATTAN CORP COM 16161A108 324 4300 SH SOLE 4300
CHATEAU PROPERTIES COM 161726104 333 12800 SH SOLE 12800
CHEVRON CORP COM 166751107 347 3908 SH SOLE 3908
CHICAGO TITLE CORP COM 168228104 3017 75538 SH SOLE 75538
CISCO SYSTEMS INC COM 17275R102 827 12064 SH SOLE 12064
CITADEL COMMUNICATIONS CORP COM 172853202 205 6000 SH SOLE 6000
CLARCOR INC COM 179895107 1357 80711 SH SOLE 80711
CLOROX CO DEL COM 189054109 201 5252 SH SOLE 5252
COCA COLA CO COM 191216100 460 9540 SH SOLE 9540
COLGATE PALMOLIVE CO COM 194162103 256 5600 SH SOLE 5600
COLONIAL PPTY TR COM 195872106 530 19800 SH SOLE 19800
COMCAST CORP CL A SPCL COM 200300200 1544 38732 SH SOLE 38732
COMMODORE APPLIED TECH INC COM 202630109 170 118500 SH SOLE 118500
COMPUTER SCIENCES COM 205363104 8802 125181 SH SOLE 125181
CONVERGYS CORP COM 212485106 4513 227769 SH SOLE 227769
CORNING INC COM 219350105 919 13400 SH SOLE 13400
DANA CORP COM 235811106 10785 290492 SH SOLE 290492
DIAGNOSTIC PRODS CORP COM 252450101 4063 151520 SH SOLE 151520
DIEBOLD INC COM 253651103 2660 115048 SH SOLE 115048
DOW CHEM CO COM 260543103 278 2450 SH SOLE 2450
E M C CORP COM 268648102 10101 141518 SH SOLE 141518
E SPIRE COMMUNICATIONS INC DEL COM 269153102 2252 310620 SH SOLE 310620
EATON VANCE COM 278265103 1414 44200 SH SOLE 44200
EEX CORPORATION COM 26842v207 34 11500 SH SOLE 11500
ELECTRONICS BOUTIQUE COM 286045109 258 10000 SH SOLE 10000
EMERSON ELEC CO COM 291011104 569 9000 SH SOLE 9000
EVEREN CAPITAL CORP COM 299761106 384 13000 SH SOLE 13000
EXCEL LEGACY CORPORATION COM 300665106 128 30474 SH SOLE 30474
EXXON CORP COM 302290101 613 8070 SH SOLE 8070
FEDERAL HOME LOAN MORTGAGE COR COM 313400301 270 5200 SH SOLE 5200
FEDERATED DEPARTMENT STORES IN COM 31410H101 8438 193142 SH SOLE 193142
FEDERATED INVESTORS COM 314211103 2794 161975 SH SOLE 161975
FIRST INDUSTRIAL REALTY TRUST COM 32054K103 9041 365290 SH SOLE 365290
FIRST REPUBLIC BANCORP INC COM 336158100 408 15400 SH SOLE 15400
FIRST UNION CORP COM 337358105 3670 103029 SH SOLE 103029
FLEET FINANCIAL GROUP INC COM 338915101 488 13324 SH SOLE 13324
FLORIDA PROGRESS CORP COM 341109106 4296 92876 SH SOLE 92876
FORD MTR CO DEL COM 345370100 10896 216831 SH SOLE 216831
FORT JAMES CORP COM 347471104 2139 80161 SH SOLE 80161
FOX ENTERTAINMENT COM 35138T107 318 15100 SH SOLE 15100
G T E CORP COM 362320103 11843 154051 SH SOLE 154051
GENERAL ELECRIC CO COM 369604103 3462 29196 SH SOLE 29196
GENERAL MILLS INC COM 370334104 333 4100 SH SOLE 4100
GERBER CHILDRENS WEAR COM 373701101 57 12500 SH SOLE 12500
GLENBOROUGH REALTY TRUST COM 37803P105 409 24800 SH SOLE 24800
GLIMCHER RLTY TR SBI COM 379302102 477 32500 SH SOLE 32500
GOODRICH B F CO COM 382388106 6551 225900 SH SOLE 225900
GRACE W R & CO (NEW) COM 38388f108 201 12250 SH SOLE 12250
GREAT LAKES REIT INC COM 390752103 479 31800 SH SOLE 31800
HAWAIIAN ELECTRIC INDUSTRIES COM 419870100 2359 67031 SH SOLE 67031
HEWLETT PACKARD CO COM 428236103 817 9000 SH SOLE 9000
HOME DEPOT COM 437076102 307 4468 SH SOLE 4468
HOME PROPERTIES OF NY COM 437306103 494 18500 SH SOLE 18500
INFORMIX CORP COM 456779107 2508 315977 SH SOLE 315977
INGLES MARKETS INC CL A COM 457030104 3761 285231 SH SOLE 285231
INGRAM MOCRO INC COM 457153104 873 67832 SH SOLE 67832
INTEL CORP COM 458140100 1345 18100 SH SOLE 18100
INTERLIANT INC COM 458742103 119 10000 SH SOLE 10000
INTERNATIONAL BUSINESS MACHINE COM 459200101 307 2540 SH SOLE 2540
INTERNET CAPITAL GROUP INC COM 46059C106 659 7500 SH SOLE 7500
IXC COMMUNICATION INC COM 450713102 4122 104508 SH SOLE 104508
IXL ENTERPRISES, INC. COM 450718101 213 6000 SH SOLE 6000
JOHNSON & JOHNSON COM 478160104 930 10124 SH SOLE 10124
KANEB PIPELINES, L.P. LIMITED COM 484169107 326 11275 SH SOLE 11275
KEANE INC COM 486665102 12083 529666 SH SOLE 529666
KLM ROYAL DUTCH AIRLINE COM 482516309 9699 371241 SH SOLE 371241
KN ENERGY INC COM 482620101 1452 64700 SH SOLE 64700
L T C PROPERTIES INC COM 502175102 194 18245 SH SOLE 18245
LABORATORY CORP OF AMERICA COM 50540R102 29 10700 SH SOLE 10700
LAKEHEAD PIPE LINE PARTNERS, L COM 511557100 546 12800 SH SOLE 12800
LASALLE HOTEL PROPERTIES COM 517942108 129 10000 SH SOLE 10000
LEAP WIRELESS INTERNATIONAL, I COM 521863100 346 14723 SH SOLE 14723
LEXINGTON CORPORATE PROPERTIES COM 529043101 5037 450271 SH SOLE 450271
LIBERTY FINANCIAL COM 530512102 2603 118634 SH SOLE 118634
LIBERTY PPTY TRUST COM 531172104 4851 213806 SH SOLE 213806
LILLY ELI & CO COM 532457108 272 4230 SH SOLE 4230
LIMITED, INC COM 532716107 1526 39902 SH SOLE 39902
LJL BIOSYSTEMS COM 501873103 49 15000 SH SOLE 15000
LO-JACK CORP COM 539451104 102 12350 SH SOLE 12350
LOG ON AMERICA, INC. COM 540473105 242 14000 SH SOLE 14000
LUCENT TECHNOLOGIES, INC COM 549463107 865 13338 SH SOLE 13338
M C N ENERGY GROUP INC COM 55267J100 7469 434557 SH SOLE 434557
MALAN REALTY INVESTORS COM 561063108 155 11100 SH SOLE 11100
MANULIFE FINANCIAL COM 56501R106 1188 100000 SH SOLE 100000
MBNA CORP COM 55262L100 407 17855 SH SOLE 17855
MEDITRUST COMPANIES COM 58501T306 3130 368251 SH SOLE 368251
MERCK & CO INC COM 589331107 4282 66064 SH SOLE 66064
MERISTAR HOSPITALITY CORP COM 58984y103 2013 130897 SH SOLE 130897
MERISTAR HOTELS & RESORTS, INC COM 589988104 29 10000 SH SOLE 10000
MICROSOFT COM 594918104 263 2900 SH SOLE 2900
MID ATLANTIC REALTY TRUST COM 595232109 1956 187377 SH SOLE 187377
MILLICOM INTERNATIONAL COM L6388F102 2569 90333 SH SOLE 90333
MITEL CORP COM 606711109 2424 305327 SH SOLE 305327
MOBIL CORP COM 607059102 1145 11360 SH SOLE 11360
MOHAWK INDUSTRIES INC COM 608190104 1782 89390 SH SOLE 89390
MORGAN JP & CO INC COM 616880100 454 3975 SH SOLE 3975
MOTOROLA INC COM 620076109 359 4080 SH SOLE 4080
NATIONAL CITY CORP COM 635405103 310 11600 SH SOLE 11600
NATIONAL DATA CORP COM 635621105 6393 245895 SH SOLE 245895
NATIONWIDE HEALTH PPTYS COM 638620104 1579 94991 SH SOLE 94991
NEW ENGLAND ELEC SYS COM 644001109 244 4704 SH SOLE 4704
NEW PLAN EXCEL REALTY TRUST, I COM 648053106 1314 73772 SH SOLE 73772
NORTHWEST NATURAL GAS COM 667655104 479 18545 SH SOLE 18545
NSTAR COM 67019e107 875 22575 SH SOLE 22575
OMEGA HEALTHCARE INVESTORS,INC COM 681936100 3692 175795 SH SOLE 175795
OMEGA PROTEIN COM 68210P107 40 13000 SH SOLE 13000
OMEGA WORLDWIDE, INC COM 68210b108 55 13510 SH SOLE 13510
OPTISYSTEMS SOLUTIONS COM m75252102 61 12000 SH SOLE 12000
ORBITAL SCIENCES CORP COM 685564106 8286 473503 SH SOLE 473503
OWENS CORNING COM 69073F103 2013 92841 SH SOLE 92841
PACIFIC GULF PROPERTIES INC COM 694396102 2228 111736 SH SOLE 111736
PARTNER RE COM G6852T105 615 17700 SH SOLE 17700
PEOPLES BANK BRIDGEPORT CT COM 710198102 2599 110028 SH SOLE 110028
PEPSI BOTTLING GROUP COM 713409100 341 20000 SH SOLE 20000
PEPSICO INC COM 713448108 585 19168 SH SOLE 19168
PETROLEUM GEO SERVICES COM 716597109 7298 382834 SH SOLE 382834
PFIZER INC COM 717081103 1604 44705 SH SOLE 44705
PLX TECHNOLOGY INC. COM 693417107 265 11000 SH SOLE 11000
POWERETEL INC COM 73936C109 661 12000 SH SOLE 12000
PRENTISS PROPERTIES TRUST COM 740706106 610 27500 SH SOLE 27500
PRIME RETAIL INC COM 741570105 286 38800 SH SOLE 38800
PRIMUS TELECOMMUNICATIONS GROU COM 741929103 1589 75675 SH SOLE 75675
PROCTER & GAMBLE CO COM 742718109 500 5334 SH SOLE 5334
PUBLIC STORAGE INC COM 74460D109 3764 149425 SH SOLE 149425
PURCHASEPRO.COM COM 746144104 521 15000 SH SOLE 15000
QUALCOMM INCORPORATED COM 747525103 42705 225730 SH SOLE 225730
RAYTHEON CO CLASS A COM 755111309 631 13000 SH SOLE 13000
RAYTHEON COMPANY CLASS B COM 755111408 637 12845 SH SOLE 12845
RECKSON ASSOC REALTY CL B EXCH COM 75621K304 2115 96695 SH SOLE 96695
RELIASTAR FINANCIAL CORP COM 75952U103 6478 194818 SH SOLE 194818
ROGERS COMMUNICATION INC CL B COM 775109200 228 13583 SH SOLE 13583
ROYAL DUTCH PETE NY RE COM 780257804 791 13392 SH SOLE 13392
RYDER SYSTEMS INC COM 783549108 9355 459117 SH SOLE 459117
SBC COMMUNICATIONS COM 78387G103 492 9641 SH SOLE 9641
SCHERING PLOUGH CORP COM 806605101 1103 25280 SH SOLE 25280
SCHLUMBERGER LTD COM 806857108 330 5300 SH SOLE 5300
SCHWAB CHARLES CORP COM 808513105 662 19800 SH SOLE 19800
SEALED AIR CORP COM 81211k100 230 4491 SH SOLE 4491
SEMPRA ENERGY COM 816851109 7927 380861 SH SOLE 380861
SERVICEMASTER CO. (THE) COM 81760N109 253 15727 SH SOLE 15727
SHARED MEDICAL SYSTEMS COM 819486101 2241 47937 SH SOLE 47937
SLM HOLDING CORP COM 78442a109 246 5725 SH SOLE 5725
SOLUTIA, INC COM 834376105 2724 152366 SH SOLE 152366
SONAT INC COM 835415100 238 6000 SH SOLE 6000
SONIC FOUNDRY INC COM 83545R108 1522 161300 SH SOLE 161300
SONOCO PRODUCTS COM 835495102 3748 164300 SH SOLE 164300
SOUTHDOWN INC COM 841297104 440 8230 SH SOLE 8230
SOUTHERN CO COM 842587107 363 14100 SH SOLE 14100
SOVRAN SELF STORAGE COM 84610H108 421 18500 SH SOLE 18500
SPRINT CORP (FON GROUP) SER 1 COM 852061100 641 11814 SH SOLE 11814
SPRINT CORP (PCS GROUP) SER 1 COM 852061506 224 3002 SH SOLE 3002
STATE ST CORP COM 857477103 523 8100 SH SOLE 8100
STERLING SOFTWARE COM 859547101 636 31790 SH SOLE 31790
SUMMIT PPTYS INC COM 866239106 492 24700 SH SOLE 24700
SUN HEALTHCARE GROUP, INC COM 866933104 3 16900 SH SOLE 16900
SUN MICROSYSTEMS INC COM 866810104 2401 25820 SH SOLE 25820
SUNSTONE HOTEL INVESTORS INC COM 867933103 2971 339500 SH SOLE 339500
SYBRON INTL CP COM 87114F106 2556 95125 SH SOLE 95125
TELEPHONE & DATA SYS INC COM 879433100 14731 165862 SH SOLE 165862
TEXACO INC COM 881694103 265 4200 SH SOLE 4200
TEXAS INDUSTRIES COM 882491103 1909 51598 SH SOLE 51598
THOMAS & BETTS CORP COM 884315102 1969 38600 SH SOLE 38600
TOWN & COUNTRY TRUST COM 892081100 603 34100 SH SOLE 34100
TOWNPAGESNET.COM COM 892179102 160 20000 SH SOLE 20000
TRINET CORPORATE REALTY COM 896287109 310 13000 SH SOLE 13000
U.S. CELLULAR COM 911684108 9391 138104 SH SOLE 138104
URBAN SHOPPING CENTERS COM 917060105 708 24310 SH SOLE 24310
USG CORP COM 903293405 8334 174988 SH SOLE 174988
VODAFONE AIRTOUCH PLC ADS COM 92857T107 2615 11000 SH SOLE 11000
WALDEN RES PPTY COM 931210108 3769 172780 SH SOLE 172780
WARNACO GROUP INC COM 934390105 8668 474951 SH SOLE 474951
WELLS FARGO & CO. (1998) COM 949746101 238 6000 SH SOLE 6000
XEROX CORP COM 984121103 11930 284460 SH SOLE 284460
BERKEY INC COM 084419100 1 10000 SH SOLE 10000
CAMDEN PROPERTIES TR $2.25 CV PFD CV 133131201 690 28600 SH SOLE 28600
FELCOR LODGING TR INC $1.95 CV PFD CV 31430F200 222 13300 SH SOLE 13300
PERINI CORP PFD CV EXCH PFD $2 PFD CV 713839306 1086 76217 SH SOLE 76217
RECKSON ASSOCIATES CP CV PFD A PFD CV 75621K205 242 12000 SH SOLE 12000
SEALED AIR CORP CV PFD A $2 PFD CV 81211k209 380 7490 SH SOLE 7490
SPRINT CORP EXCH NOTE (DECS)CV PFD CV 852061407 395 5100 SH SOLE 5100
STANDARD AUTOMOTIVE CV PFD PFD CV 853097202 240 20000 SH SOLE 20000
SUN HEALTHCARE GROUP CVT PFD 1 PFD CV 866749203 8 21500 SH SOLE 21500
OPTISYSTEMS SOLUTIONS WARRANTS m75252110 52 39500 SH SOLE 39500
SONIC FOUNDRY INC WTS 83545R116 133 37900 SH SOLE 37900
ADVANCED MICRO DEVICES CV CONV 007903AC1 93 125000 PRN SOLE 125000
BANKATLANTIC CORP SB DB CV CONV 065908AC9 154 200000 PRN SOLE 200000
BROADBAND TECHNOLOGIES CV CONV 111309AC4 85 200000 PRN SOLE 200000
CAMDEN PROPERTIES TRUST CV CONV 133131AA0 111 96000 PRN SOLE 96000
CENTERTRUST RETAIL PROPERTIES, CONV 152038AA3 927 990000 PRN SOLE 990000
CHIQUITA BRANDS INTL CV CONV U17003AA9 184 200000 PRN SOLE 200000
DSC COMMUNICATIONS CP CV 144 A CONV 233311AB5 101 100000 PRN SOLE 100000
HEALTHCARE REALTY TRUST, INC C CONV 421946AA2 180 200000 PRN SOLE 200000
INGRAM MICRO INC CV CONV 457153AB0 79 250000 PRN SOLE 250000
LOWES CORP CV CONV 540424AL2 253 300000 PRN SOLE 300000
MACNEAL SCHWENDLER CSD CV CONV 554806AA7 176 200000 PRN SOLE 200000
MAGNA INTL INC CVDB CONV 559222AG9 135 150000 PRN SOLE 150000
MALAN REALTY INVESTORS CV CONV 561063AA6 763 850000 PRN SOLE 850000
MORAN ENERGY CV CONV 616457AC1 126 130000 PRN SOLE 130000
NATIONAL DATA CORP CV CONV 635621AA3 85 100000 PRN SOLE 100000
NORAM ENERGY CV SUB DEB CONV 655419AC3 271 295000 PRN SOLE 295000
SILICON GRAPHICS CV CONV 827056AC6 97 125000 PRN SOLE 125000
SIZELER CV CONV 830137AA3 289 315000 PRN SOLE 315000
SOFTKEY INTL INC (T L C) CV CONV 83402NAA7 276 300000 PRN SOLE 300000
U.S. CELLULAR CP CVRO (LYONS) CONV 911684AA6 1174 1845000 PRN SOLE 1845000
ATARI/JTS SDCV/ DEFAULTED 5.25 CONV 046515AA0 4 75000 PRN SOLE 75000
</TABLE>
