<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 4103 90420 SH SOLE 90420
ACCEPTANCE INSUR COS INC COM 004308102 465 30890 SH SOLE 30890
ADVENT SOFTWARE COM 007974108 355 5300 SH SOLE 5300
AFLAC INC COM 001055102 235 4900 SH SOLE 4900
ALLEGHENY ENERGY, INC COM 017361106 2684 83700 SH SOLE 83700
ALLSTATE CORP COM 020002101 11799 328881 SH SOLE 328881
ALLTEL CORP COM 020039103 291 4076 SH SOLE 4076
AMERICAN AXEL & MFG HLDGS INC COM 024061103 280 20000 SH SOLE 20000
AMERICAN EXPRESS CO COM 025816109 683 5250 SH SOLE 5250
AMERICAN GENERAL CORP COM 026351106 6926 91885 SH SOLE 91885
AMERICAN HEALTH PPTYS INC COM 026494104 8098 402399 SH SOLE 402399
AMERICAN HOME PRODS CORP COM 026609107 298 5200 SH SOLE 5200
AMERICAN INTL GROUP INC COM 026874107 6539 55772 SH SOLE 55772
AMERICAN TEL & TELEG CO COM 001957109 327 5866 SH SOLE 5866
AMERITECH CORP NEW COM 030954101 2123 28889 SH SOLE 28889
ANHEUSER BUSCH COS INC COM 035229103 362 5100 SH SOLE 5100
APPLIED EXTRUSION TECH INC COM 038196101 76 10000 SH SOLE 10000
ARCHER DANIELS MIDLAND CO COM 039483102 1161 75189 SH SOLE 75189
ASSOCIATED ESTATES REALTY CORP COM 045604105 411 34800 SH SOLE 34800
AT & T CORP CLASS A LIBERTY ME COM 001957208 1021 27790 SH SOLE 27790
AZURIX CORP. COM 05501M104 200 10000 SH SOLE 10000
BANK OF AMERICA CORP COM 060505104 7514 102491 SH SOLE 102491
BANK OF NEW YORK COM 064057102 679 18500 SH SOLE 18500
BANK ONE CORP COM 06423a103 10611 178153 SH SOLE 178153
BCE, INC COM 05534B109 14615 296368 SH SOLE 296368
BECKMAN COULTER INC COM 075811109 886 18218 SH SOLE 18218
BELL ATLANTIC CORP COM 077853109 2094 32030 SH SOLE 32030
BERGEN BRUNSWIG A COM 083739102 2412 139798 SH SOLE 139798
BEVERLY ENTERPRISES INC COM 087851309 680 84400 SH SOLE 84400
BJ'S WHOLESALE CLUB COM 05548J106 3330 110759 SH SOLE 110759
BOSTON PROPERTIES INC COM 101121101 438 12200 SH SOLE 12200
BOSTON SCIENTIFIC COM 101137107 207 4700 SH SOLE 4700
BP AMOCO PLC COM 055622104 732 6748 SH SOLE 6748
BRANDYWINE REALTY TRUST COM 105368203 1201 60600 SH SOLE 60600
BRISTOL MYERS SQUIBB CO COM 110122108 3051 43320 SH SOLE 43320
BURLINGTON NORTHERN INC COM 12189T104 6949 224155 SH SOLE 224155
CADENCE DESIGN SYSTEMS INC COM 127387108 3117 246912 SH SOLE 246912
CALL NET ENTERPRISES INC CLASS COM 130910201 195 30000 SH SOLE 30000
CALPINE CP COM 131347106 4545 84167 SH SOLE 84167
CAMDEN PROPERTY TRUST COM 133131102 1173 42285 SH SOLE 42285
CARRAMERICA REALTY CORPORATION COM 144418100 335 13400 SH SOLE 13400
CENTERPOINT PROPERTIES CORP COM 151895109 643 17550 SH SOLE 17550
CENTERTRUST RETAIL PROPERTIES COM 152038105 548 46625 SH SOLE 46625
CENTURY COMMUNICATIONS A COM 156503104 699 15200 SH SOLE 15200
CERIDIAN CORP COM 15677T106 8025 245500 SH SOLE 245500
CHASE MANHATTAN CORP COM 16161A108 372 4300 SH SOLE 4300
CHATEAU PROPERTIES COM 161726104 410 13700 SH SOLE 13700
CHEVRON CORP COM 166751107 372 3908 SH SOLE 3908
CHICAGO TITLE CORP COM 168228104 2496 69937 SH SOLE 69937
CISCO SYSTEMS INC COM 17275R102 790 12264 SH SOLE 12264
CITADEL COMMUNICATIONS CORP COM 172853202 217 6000 SH SOLE 6000
CLARCOR INC COM 179895107 1617 84276 SH SOLE 84276
CLOROX CO DEL COM 189054109 280 2626 SH SOLE 2626
COCA COLA CO COM 191216100 591 9540 SH SOLE 9540
COLGATE PALMOLIVE CO COM 194162103 286 2900 SH SOLE 2900
COLONIAL PPTY TR COM 195872106 559 19800 SH SOLE 19800
COMCAST CORP CL A SPCL COM 200300200 1622 42192 SH SOLE 42192
COMMODORE APPLIED TECH INC COM 202630109 30 118500 SH SOLE 118500
COMMONWEALTH ENERGY SYS COM 202800108 896 21326 SH SOLE 21326
COMPUTER SCIENCES COM 205363104 8690 125600 SH SOLE 125600
CONVERGYS CORP COM 212485106 4157 214550 SH SOLE 214550
CORNING INC COM 219350105 1101 15700 SH SOLE 15700
DANA CORP COM 235811106 13318 289136 SH SOLE 289136
DIAGNOSTIC PRODS CORP COM 252450101 3760 136094 SH SOLE 136094
DIEBOLD INC COM 253651103 2931 101956 SH SOLE 101956
DIVERSINET CORP NEW F COM 25536K204 60 10000 SH SOLE 10000
DOW CHEM CO COM 260543103 311 2450 SH SOLE 2450
E M C CORP COM 268648102 8160 148364 SH SOLE 148364
E SPIRE COMMUNICATIONS INC DEL COM 269153102 3006 284620 SH SOLE 284620
EATON VANCE COM 278265103 1539 44700 SH SOLE 44700
EEX CORPORATION COM 26842v207 222 32000 SH SOLE 32000
ELECTRONICS BOUTIQUE COM 286045109 143 10000 SH SOLE 10000
EMERSON ELEC CO COM 291011104 566 9000 SH SOLE 9000
EVEREN CAPITAL CORP COM 299761106 600 20127 SH SOLE 20127
EXCEL LEGACY CORPORATION COM 300665106 145 30474 SH SOLE 30474
EXXON CORP COM 302290101 622 8070 SH SOLE 8070
FEDERAL HOME LOAN MORTGAGE COR COM 313400301 302 5200 SH SOLE 5200
FEDERATED DEPARTMENT STORES IN COM 31410H101 9519 179816 SH SOLE 179816
FEDERATED INVESTORS COM 314211103 2553 142308 SH SOLE 142308
FIRST INDUSTRIAL REALTY TRUST COM 32054K103 9733 354746 SH SOLE 354746
FIRST REPUBLIC BANCORP INC COM 336158100 330 11400 SH SOLE 11400
FIRST SECURITY CORP COM 336294103 3257 119509 SH SOLE 119509
FIRST UNION CORP COM 337358105 4690 99524 SH SOLE 99524
FIRST USA PAYMENTECH, INC COM 704384106 254 10000 SH SOLE 10000
FLEET FINANCIAL GROUP INC COM 338915101 603 13590 SH SOLE 13590
FLORIDA PROGRESS CORP COM 341109106 3579 86635 SH SOLE 86635
FORD MTR CO DEL COM 345370100 12604 223328 SH SOLE 223328
FORT JAMES CORP COM 347471104 10499 277193 SH SOLE 277193
FORTUNE BRANDS, INC COM 349631101 248 6000 SH SOLE 6000
FOX ENTERTAINMENT COM 35138T107 407 15100 SH SOLE 15100
G T E CORP COM 362320103 12075 159931 SH SOLE 159931
GAP INC. COM 364760108 243 4815 SH SOLE 4815
GENERAL ELECRIC CO COM 369604103 4429 39196 SH SOLE 39196
GENERAL MILLS INC COM 370334104 330 4100 SH SOLE 4100
GERBER CHILDRENS WEAR COM 373701101 83 12500 SH SOLE 12500
GLENBOROUGH REALTY TRUST COM 37803P105 434 24800 SH SOLE 24800
GLIMCHER RLTY TR SBI COM 379302102 532 32500 SH SOLE 32500
GOODRICH B F CO COM 382388106 10053 236545 SH SOLE 236545
GRACE W R & CO (NEW) COM 38388f108 235 12350 SH SOLE 12350
GREAT LAKES REIT INC COM 390752103 517 31800 SH SOLE 31800
HEINZ H J CO COM 423074103 212 4225 SH SOLE 4225
HEWLETT PACKARD CO COM 428236103 925 9200 SH SOLE 9200
HOME DEPOT COM 437076102 288 4468 SH SOLE 4468
HOME PROPERTIES OF NY COM 437306103 511 18500 SH SOLE 18500
INFORMIX CORP COM 456779107 1128 132275 SH SOLE 132275
INGERSOLL-RAND COM 456866102 262 4050 SH SOLE 4050
INGLES MARKETS INC CL A COM 457030104 4040 264930 SH SOLE 264930
INTEL CORP COM 458140100 1095 18400 SH SOLE 18400
INTERNATIONAL BUSINESS MACHINE COM 459200101 328 2540 SH SOLE 2540
IXC COMMUNICATION INC COM 450713102 3984 101354 SH SOLE 101354
JOHNSON & JOHNSON COM 478160104 992 10124 SH SOLE 10124
KANEB PIPELINES, L.P. LIMITED COM 484169107 361 11375 SH SOLE 11375
KEANE INC COM 486665102 10385 459001 SH SOLE 459001
KLM ROYAL DUTCH AIRLINE COM 482516101 10847 379778 SH SOLE 379778
KN ENERGY INC COM 482620101 1368 102316 SH SOLE 102316
L T C PROPERTIES INC COM 502175102 292 22445 SH SOLE 22445
LAKEHEAD PIPE LINE PARTNERS, L COM 511557100 562 12800 SH SOLE 12800
LASALLE HOTEL PROPERTIES COM 517942108 153 10000 SH SOLE 10000
LEAP WIRELESS INTERNATIONAL, I COM 521863100 299 14748 SH SOLE 14748
LEXINGTON CORPORATE PROPERTIES COM 529043101 4794 412424 SH SOLE 412424
LIBERTY FINANCIAL COM 530512102 2751 94461 SH SOLE 94461
LIBERTY PPTY TRUST COM 531172104 5369 215856 SH SOLE 215856
LILLY ELI & CO COM 532457108 310 4330 SH SOLE 4330
LIMITED, INC COM 532716107 1774 39098 SH SOLE 39098
LJL BIOSYSTEMS COM 501873103 68 15000 SH SOLE 15000
LO-JACK CORP COM 539451104 103 12350 SH SOLE 12350
LOG ON AMERICA, INC. COM 540473105 228 14000 SH SOLE 14000
LUCENT TECHNOLOGIES, INC COM 549463107 899 13338 SH SOLE 13338
M C N ENERGY GROUP, INC. COM 55267J100 7446 358838 SH SOLE 358838
MALAN REALTY INVESTORS COM 561063108 171 11100 SH SOLE 11100
MBNA CORP COM 55262L100 547 17855 SH SOLE 17855
MCKESSON HBOC, INC. COM 58155q103 374 11622 SH SOLE 11622
MEDITRUST COMPANIES COM 58501T306 4279 327561 SH SOLE 327561
MERCANTILE BANCORP INC COM 587342106 692 12112 SH SOLE 12112
MERCK & CO INC COM 589331107 5011 68064 SH SOLE 68064
MERISTAR HOSPITALITY CORP COM 58984y103 2982 132892 SH SOLE 132892
MERISTAR HOTELS & RESORTS, INC COM 589988104 34 10000 SH SOLE 10000
MICROSOFT COM 594918104 262 2900 SH SOLE 2900
MID ATLANTIC REALTY TRUST COM 595232109 2085 187377 SH SOLE 187377
MILLICOM INTERNATIONAL COM L6388F102 2269 72039 SH SOLE 72039
MITEL CORP COM 606711109 1864 281367 SH SOLE 281367
MOBIL CORP COM 607059102 1122 11360 SH SOLE 11360
MOHAWK INDUSTRIES INC COM 608190104 2698 88808 SH SOLE 88808
MORGAN JP & CO INC COM 616880100 558 3975 SH SOLE 3975
MOTOROLA INC COM 620076109 387 4080 SH SOLE 4080
NATIONAL CITY CORP COM 635405103 396 6040 SH SOLE 6040
NATIONAL DATA CORP COM 635621105 9853 230482 SH SOLE 230482
NATIONWIDE HEALTH PPTYS COM 638620104 1872 98191 SH SOLE 98191
NEW ENGLAND ELEC SYS COM 644001109 236 4704 SH SOLE 4704
NEW PLAN EXCEL REALTY TRUST, I COM 648053106 1373 76272 SH SOLE 76272
NORTHWEST NATURAL GAS COM 667655104 472 19580 SH SOLE 19580
OMEGA HEALTHCARE INVESTORS,INC COM 681936100 4703 182183 SH SOLE 182183
OMEGA PROTEIN COM 68210P107 68 13000 SH SOLE 13000
OMEGA WORLDWIDE, INC COM 68210b108 73 17937 SH SOLE 17937
OPHIDIAN PHARMACEUTICALS INC C COM 683725105 20 17000 SH SOLE 17000
OPTISYSTEMS SOLUTIONS COM m75252102 65 12000 SH SOLE 12000
ORBITAL SCIENCES CORP COM 685564106 10872 460185 SH SOLE 460185
OWENS CORNING COM 69073F103 2742 79763 SH SOLE 79763
PACIFIC GULF PROPERTIES INC COM 694396102 3537 156343 SH SOLE 156343
PARTNER RE COM G6852T105 662 17700 SH SOLE 17700
PEOPLES BANK BRIDGEPORT CT COM 710198102 2763 90771 SH SOLE 90771
PEPSI BOTTLING GROUP COM 713409100 463 20000 SH SOLE 20000
PEPSICO INC COM 713448108 742 19168 SH SOLE 19168
PETROLEUM GEO SERVICES COM 716597109 6161 414180 SH SOLE 414180
PFIZER INC COM 717081103 1639 15035 SH SOLE 15035
PLX TECHNOLOGY INC. COM 693417107 521 11000 SH SOLE 11000
POWERETEL INC COM 73936C109 418 14000 SH SOLE 14000
PRENTISS PROPERTIES TRUST COM 740706106 650 27500 SH SOLE 27500
PRIME RETAIL INC COM 741570105 337 38800 SH SOLE 38800
PRIMUS TELECOMMUNICATIONS GROU COM 741929103 1506 67100 SH SOLE 67100
PROCTER & GAMBLE CO COM 742718109 476 5334 SH SOLE 5334
PROGRESSIVE CORP OHIO COM 743315103 268 1850 SH SOLE 1850
PUBLIC STORAGE INC COM 74460D109 3095 110547 SH SOLE 110547
QUALCOMM INCORPORATED COM 747525103 52200 363765 SH SOLE 363765
RAYTHEON CO CLASS A COM 755111309 1012 14700 SH SOLE 14700
RAYTHEON COMPANY CLASS B COM 755111408 1071 15195 SH SOLE 15195
RECKSON ASSOC REALTY CL B EXCH COM 75621K304 1619 67793 SH SOLE 67793
RELIASTAR FINANCIAL CORP COM 75952U103 8667 198104 SH SOLE 198104
ROGERS COMMUNICATION INC CL B COM 775109200 2224 137380 SH SOLE 137380
ROYAL DUTCH PETE NY RE COM 780257804 807 13392 SH SOLE 13392
RYDER SYSTEMS, INC COM 783549108 11289 438409 SH SOLE 438409
SBC COMMUNICATIONS COM 78387G103 591 10193 SH SOLE 10193
SCHERING PLOUGH CORP COM 806605101 1327 25280 SH SOLE 25280
SCHLUMBERGER LTD COM 806857108 345 5415 SH SOLE 5415
SCHWAB CHARLES CORP COM 808513105 1090 10000 SH SOLE 10000
SEALED AIR CORP COM 81211k100 297 4571 SH SOLE 4571
SEMPRA ENERGY COM 816851109 8484 374988 SH SOLE 374988
SERVICEMASTER LTD PARTNERS PUB COM 81760N109 295 15727 SH SOLE 15727
SHARED MEDICAL SYSTEMS COM 819486101 2624 40218 SH SOLE 40218
SLM HOLDING CORP COM 78442a109 262 5725 SH SOLE 5725
SOLUTIA, INC COM 834376105 2734 128297 SH SOLE 128297
SONIC FOUNDRY INC COM 83545R108 1754 161300 SH SOLE 161300
SONOCO PRODUCTS COM 835495102 6581 219828 SH SOLE 219828
SOUTHDOWN INC COM 841297104 622 9680 SH SOLE 9680
SOUTHERN CO COM 842587107 374 14100 SH SOLE 14100
SOVRAN SELF STORAGE COM 84610H108 498 18500 SH SOLE 18500
SPRINT CORP (FON GROUP) SER 1 COM 852061100 626 11814 SH SOLE 11814
STATE ST CORP COM 857477103 692 8100 SH SOLE 8100
STERLING SOFTWARE COM 859547101 866 32740 SH SOLE 32740
SUMMIT PPTYS INC COM 866239106 488 24700 SH SOLE 24700
SUN HEALTHCARE GROUP, INC COM 866933104 3 16900 SH SOLE 16900
SUN MICROSYSTEMS INC COM 866810104 2081 30220 SH SOLE 30220
SUNSTONE HOTEL INVESTORS INC COM 867933103 2877 338525 SH SOLE 338525
SYBRON INTL CP COM 87114F106 2357 85525 SH SOLE 85525
TELEPHONE & DATA SYS INC COM 879433100 10859 148497 SH SOLE 148497
TEXACO INC COM 881694103 262 4200 SH SOLE 4200
TEXAS INDUSTRIES COM 882491103 1747 45074 SH SOLE 45074
TOWN & COUNTRY TRUST COM 892081100 735 41100 SH SOLE 41100
TOWNPAGESNET.COM COM 892179102 140 20000 SH SOLE 20000
TRINET CORPORATE REALTY COM 896287109 360 13000 SH SOLE 13000
U.S. CELLULAR COM 911684108 7671 143379 SH SOLE 143379
UNUM CORP COM 903192102 212 3876 SH SOLE 3876
URBAN SHOPPING CENTERS COM 917060105 791 25110 SH SOLE 25110
USG CORP COM 903293405 10035 179202 SH SOLE 179202
VODAFONE AIRTOUCH PLC ADS COM 92857T107 2582 13107 SH SOLE 13107
WALDEN RES PPTY COM 931210108 4838 225040 SH SOLE 225040
WARNACO GROUP, INC COM 934390105 12152 454263 SH SOLE 454263
WELLS FARGO & CO. (1998) COM 949746101 257 6000 SH SOLE 6000
WORLDPORT COMMUNICATIONS INC. COM 98155J105 98 22000 SH SOLE 22000
WRIGLEY WM JR CO COM 982526105 214 2400 SH SOLE 2400
XEROX CORP COM 984121103 17532 296845 SH SOLE 296845
BERKEY INC COM 084419100 1 10000 SH SOLE 10000
CAMDEN PROPERTIES TR $2.25 CV PFD CV 133131201 717 28600 SH SOLE 28600
FELCOR LODGING TR INC $1.95 CV PFD CV 31430F200 270 13300 SH SOLE 13300
PERINI CORP PFD CV EXCH PFD $2 PFD CV 713839306 1626 76517 SH SOLE 76517
QUALCOMM FINANCIAL TR CV PFD 5 PFD CV 74752R402 205 1000 SH SOLE 1000
RECKSON ASSOCIATES CP CV PFD A PFD CV 75621K205 274 12000 SH SOLE 12000
SEALED AIR CORP CV PFD A $2 PFD CV 81211k209 507 8108 SH SOLE 8108
SPRINT CORP EXCH NOTE (DECS)CV PFD CV 852061407 487 5600 SH SOLE 5600
STANDARD AUTOMOTIVE CV PFD PFD CV 853097202 373 21000 SH SOLE 21000
SUN HEALTHCARE GROUP CVT PFD 1 PFD CV 866749203 8 21500 SH SOLE 21500
OPTISYSTEMS SOLUTIONS WARRANTS m75252110 46 39500 SH SOLE 39500
SONIC FOUNDRY INC WTS 83545R116 147 37900 SH SOLE 37900
ADVANCED MICRO DEVICES CV CONV 007903AC1 95 125000 PRN SOLE 125000
BANKATLANTIC CORP SB DB CV CONV 065908AC9 160 200000 PRN SOLE 200000
BROADBAND TECHNOLOGIES CV CONV 111309AC4 72 200000 PRN SOLE 200000
CAMDEN PROPERTIES TRUST CV CONV 133131AA0 108 96000 PRN SOLE 96000
CENTERTRUST RETAIL PROPERTIES, CONV 152038AA3 946 1000000 PRN SOLE 1000000
CHIQUITA BRANDS INTL CV CONV U17003AA9 184 200000 PRN SOLE 200000
COMPLETE MANAGEMENT INC CV CONV 20452CAB0 32 200000 PRN SOLE 200000
DSC COMMUNICATIONS CP CV 144 A CONV 233311AB5 103 100000 PRN SOLE 100000
HEALTHCARE REALTY TRUST, INC C CONV 421946AA2 180 200000 PRN SOLE 200000
LOWES CORP CV CONV 540424AL2 241 300000 PRN SOLE 300000
MACNEAL SCHWENDLER CSD CV CONV 554806AA7 167 200000 PRN SOLE 200000
MAGNA INTL INC CVDB CONV 559222AG9 147 150000 PRN SOLE 150000
MALAN REALTY INVESTORS CV CONV 561063AA6 837 850000 PRN SOLE 850000
MORAN ENERGY CV CONV 616457AC1 125 130000 PRN SOLE 130000
NATIONAL DATA CORP CV CONV 635621AA3 103 100000 PRN SOLE 100000
NINE WEST CV 144A CONV 65440DAA0 150 150000 PRN SOLE 150000
NORAM ENERGY CV SUB DEB CONV 655419AC3 270 295000 PRN SOLE 295000
SILICON GRAPHICS CV CONV 827056AC6 108 125000 PRN SOLE 125000
SIZELER CV CONV 830137AA3 296 315000 PRN SOLE 315000
SOFTKEY INTL INC (T L C) CV CONV 83402NAA7 298 300000 PRN SOLE 300000
U.S. CELLULAR CP CVRO (LYONS) CONV 911684AA6 943 1845000 PRN SOLE 1845000
ATARI/JTS SDCV/ DEFAULTED 5.25 CONV 046515AA0 4 75000 PRN SOLE 75000
</TABLE>
