<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>
3COM CORP COM 885535104 15586 331619 SH SOLE 331619
ABBOTT LABS COM 002824100 2359 64970 SH SOLE 64970
ACCEPTANCE INSUR COS INC COM 004308102 197 34290 SH SOLE 34290
ADELPHIA COMMUNICATIONS CL A COM 006848105 315 4804 SH SOLE 4804
ADVENT SOFTWARE COM 007974108 435 6750 SH SOLE 6750
AFLAC INC COM 001055102 231 4900 SH SOLE 4900
ALLEGHENY ENERGY INC COM 017361106 1723 63975 SH SOLE 63975
ALLSTATE CORP COM 020002101 5566 231334 SH SOLE 231334
AMERICAN EXPRESS CO COM 025816109 873 5250 SH SOLE 5250
AMERICAN GENERAL CORP COM 026351106 5528 72858 SH SOLE 72858
AMERICAN HOME PRODS CORP COM 026609107 204 5200 SH SOLE 5200
AMERICAN INTL GROUP INC COM 026874107 5226 48336 SH SOLE 48336
AMERICAN TEL & TELEG CO COM 001957109 298 5866 SH SOLE 5866
ANHEUSER BUSCH COS INC COM 035229103 343 4840 SH SOLE 4840
APPLIED EXTRUSION TECH INC COM 038196101 74 12000 SH SOLE 12000
ARCHER DANIELS MIDLAND CO COM 039483102 678 55886 SH SOLE 55886
ASSOCIATED ESTATES REALTY CORP COM 045604105 263 33600 SH SOLE 33600
AT & T CORP CLASS A LIBERTY ME COM 001957208 1571 27646 SH SOLE 27646
BANK OF AMERICA CORP COM 060505104 4946 98556 SH SOLE 98556
BANK ONE CORP COM 06423a103 2913 91034 SH SOLE 91034
BCE INC COM 05534B109 23448 259990 SH SOLE 259990
BECKMAN COULTER INC COM 075811109 1965 38618 SH SOLE 38618
BELL ATLANTIC CORP COM 077853109 1564 25402 SH SOLE 25402
BELLSOUTH CORP COM 079860102 1138 24310 SH SOLE 24310
BERGEN BRUNSWIG A COM 083739102 2765 332586 SH SOLE 332586
BEVERLY ENTERPRISES INC COM 087851309 68 15600 SH SOLE 15600
BJ'S WHOLESALE CLUB COM 05548J106 1007 27584 SH SOLE 27584
BORDERS GROUP INC COM 099709107 4548 279850 SH SOLE 279850
BOSTON PROPERTIES INC COM 101121101 370 11900 SH SOLE 11900
BRANDYWINE REALTY TRUST COM 105368203 968 59100 SH SOLE 59100
BRISTOL MYERS SQUIBB CO COM 110122108 2057 32052 SH SOLE 32052
BROADWING, INC. COM 111620100 7787 211181 SH SOLE 211181
BURLINGTON NORTHERN INC COM 12189T104 4485 184956 SH SOLE 184956
CALL NET ENTERPRISES INC CLASS COM 130910201 204 61000 SH SOLE 61000
CALPINE CP COM 131347106 5787 90425 SH SOLE 90425
CAMDEN PROPERTY TRUST COM 133131102 1069 38535 SH SOLE 38535
CAROLINA PWR & LT CO COM 144141108 761 25000 SH SOLE 25000
CARRAMERICA REALTY CORPORATION COM 144418100 265 12400 SH SOLE 12400
CENTERPOINT PROPERTIES CORP COM 151895109 631 17350 SH SOLE 17350
CENTERTRUST RETAIL PROPERTIES COM 151845104 398 41125 SH SOLE 41125
CERIDIAN CORP COM 15677T106 11320 524973 SH SOLE 524973
CHASE MANHATTAN CORP COM 16161A108 338 4355 SH SOLE 4355
CHATEAU PROPERTIES COM 161726104 314 12100 SH SOLE 12100
CHEVRON CORP COM 166751107 339 3908 SH SOLE 3908
CHICAGO TITLE CORP COM 168228104 3740 80871 SH SOLE 80871
CISCO SYSTEMS INC COM 17275R102 1304 12174 SH SOLE 12174
CITIGROUP, INC. COM 172967101 219 3939 SH SOLE 3939
CLARCOR INC COM 179895107 1091 60625 SH SOLE 60625
CLOROX CO DEL COM 189054109 265 5252 SH SOLE 5252
COCA COLA CO COM 191216100 532 9140 SH SOLE 9140
COLGATE PALMOLIVE CO COM 194162103 364 5600 SH SOLE 5600
COLONIAL PPTY TR COM 195872106 431 18600 SH SOLE 18600
COMCAST CORP CL A SPCL COM 200300200 1695 33532 SH SOLE 33532
COMMODORE APPLIED TECH INC COM 202630109 96 118500 SH SOLE 118500
COMPUTER SCIENCES COM 205363104 13471 142363 SH SOLE 142363
CONVERGYS CORP COM 212485106 6764 219975 SH SOLE 219975
CORNING INC COM 219350105 1418 11000 SH SOLE 11000
DANA CORP COM 235811106 5615 187569 SH SOLE 187569
DIAGNOSTIC PRODS CORP COM 252450101 4137 168844 SH SOLE 168844
DIEBOLD INC COM 253651103 3336 141959 SH SOLE 141959
DOW CHEM CO COM 260543103 327 2450 SH SOLE 2450
E C I TELECOM LTD COM 268258100 2990 94532 SH SOLE 94532
E M C CORP COM 268648102 14683 134400 SH SOLE 134400
E SPIRE COMMUNICATIONS INC DEL COM 269153102 1786 307299 SH SOLE 307299
EATON VANCE COM 278265103 1691 44500 SH SOLE 44500
EMERSON ELEC CO COM 291011104 264 4600 SH SOLE 4600
EXCEL LEGACY CORPORATION COM 300665106 100 30283 SH SOLE 30283
EXXON MOBIL CORPORATION COM 30231g102 1778 22065 SH SOLE 22065
FEDERAL HOME LOAN MORTGAGE COR COM 313400301 245 5200 SH SOLE 5200
FEDERATED DEPARTMENT STORES IN COM 31410H101 9524 188355 SH SOLE 188355
FEDERATED INVESTORS COM 314211103 3500 174443 SH SOLE 174443
FIRST INDUSTRIAL REALTY TRUST COM 32054K103 10297 375300 SH SOLE 375300
FIRST REPUBLIC BANCORP INC COM 336158100 362 15400 SH SOLE 15400
FIRST UNION CORP COM 337358105 1663 50476 SH SOLE 50476
FLEETBOSTON FINANCIAL CORP COM 339030108 563 16166 SH SOLE 16166
FLORIDA PROGRESS CORP COM 341109106 7632 180376 SH SOLE 180376
FORD MTR CO DEL COM 345370100 10813 202832 SH SOLE 202832
FORT JAMES CORP COM 347471104 1561 57011 SH SOLE 57011
G T E CORP COM 362320103 10969 155451 SH SOLE 155451
GENERAL ELECTRIC CO COM 369604103 3863 24966 SH SOLE 24966
GENERAL MILLS INC COM 370334104 293 8200 SH SOLE 8200
GLENBOROUGH REALTY TRUST COM 37803P105 316 23600 SH SOLE 23600
GLIMCHER RLTY TR SBI COM 379302102 397 30800 SH SOLE 30800
GOODRICH B F CO COM 382388106 2793 101565 SH SOLE 101565
GREAT LAKES REIT INC COM 390752103 430 29900 SH SOLE 29900
HAWAIIAN ELECTRIC INDUSTRIES COM 419870100 2181 75532 SH SOLE 75532
HEALTH CARE PROP INV COM 421915109 7469 312834 SH SOLE 312834
HEWLETT PACKARD CO COM 428236103 341 3000 SH SOLE 3000
HOME DEPOT COM 437076102 440 6402 SH SOLE 6402
HOME PROPERTIES OF NY COM 437306103 480 17500 SH SOLE 17500
INFORMIX CORP COM 456779107 4351 380397 SH SOLE 380397
INGLES MARKETS INC CL A COM 457030104 3365 302430 SH SOLE 302430
INGRAM MOCRO INC COM 457153104 341 26000 SH SOLE 26000
INTEL CORP COM 458140100 1430 17367 SH SOLE 17367
INTERNATIONAL BUSINESS MACHINE COM 459200101 252 2340 SH SOLE 2340
JOHNSON & JOHNSON COM 478160104 944 10124 SH SOLE 10124
KANEB PIPELINES, L.P. LIMITED COM 484169107 274 11100 SH SOLE 11100
KEANE INC COM 486665102 15059 468749 SH SOLE 468749
KLM ROYAL DUTCH AIRLINE COM 482516309 5202 208591 SH SOLE 208591
L T C PROPERTIES INC COM 502175102 119 14095 SH SOLE 14095
LABORATORY CORP OF AMERICA COM 50540R102 39 10700 SH SOLE 10700
LAKEHEAD PIPE LINE PARTNERS, L COM 511557100 435 12500 SH SOLE 12500
LEAP WIRELESS INTERNATIONAL, I COM 521863100 1064 13548 SH SOLE 13548
LEXINGTON CORPORATE PROPERTIES COM 529043101 4364 474977 SH SOLE 474977
LIBERTY FINANCIAL COM 530512102 3008 131154 SH SOLE 131154
LIBERTY PPTY TRUST COM 531172104 4627 186956 SH SOLE 186956
LILLY ELI & CO COM 532457108 281 4230 SH SOLE 4230
LIMITED, INC COM 532716107 2119 48930 SH SOLE 48930
LM ERICSSON TELE CO ADR NEW CL COM 294821400 782 11910 SH SOLE 11910
LUCENT TECHNOLOGIES, INC COM 549463107 604 8053 SH SOLE 8053
M C N ENERGY GROUP INC COM 55267J100 10759 453021 SH SOLE 453021
MANULIFE FINANCIAL COM 56501R106 7230 569834 SH SOLE 569834
MBNA CORP COM 55262L100 483 17712 SH SOLE 17712
MCI WORLDCOM, INC. COM 55268b106 749 14114 SH SOLE 14114
MEDITRUST COMPANIES COM 58501T306 1909 347075 SH SOLE 347075
MERCK & CO INC COM 589331107 4398 65464 SH SOLE 65464
MERISTAR HOSPITALITY CORP COM 58984y103 2303 143950 SH SOLE 143950
MICROSOFT COM 594918104 348 2985 SH SOLE 2985
MID ATLANTIC REALTY TRUST COM 595232109 1831 181977 SH SOLE 181977
MILLICOM INTERNATIONAL COM L6388F102 5709 91524 SH SOLE 91524
MITEL CORP COM 606711109 4146 301494 SH SOLE 301494
MOHAWK INDUSTRIES INC COM 608190104 931 35290 SH SOLE 35290
MONSANTO CO COM 611662107 709 20000 SH SOLE 20000
MOTOROLA INC COM 620076109 601 4080 SH SOLE 4080
NATIONAL DATA CORP COM 635621105 9746 287180 SH SOLE 287180
NATIONWIDE HEALTH PPTYS COM 638620104 1199 87191 SH SOLE 87191
NEW ENGLAND ELEC SYS COM 644001109 243 4704 SH SOLE 4704
NEW PLAN EXCEL REALTY TRUST, I COM 648053106 1134 71708 SH SOLE 71708
NORTHWEST NATURAL GAS COM 667655104 346 15785 SH SOLE 15785
NSTAR COM 67019e107 902 22275 SH SOLE 22275
OMEGA HEALTHCARE INVESTORS,INC COM 681936100 2085 164355 SH SOLE 164355
OMEGA WORLDWIDE, INC COM 68210b108 59 12664 SH SOLE 12664
OPTISYSTEMS SOLUTIONS COM m75252102 88 10000 SH SOLE 10000
ORBITAL SCIENCES CORP COM 685564106 8938 481490 SH SOLE 481490
OWENS CORNING COM 69073F103 2045 105872 SH SOLE 105872
PACIFIC GULF PROPERTIES INC COM 694396102 2224 109836 SH SOLE 109836
PARTNER RE COM G6852T105 529 16300 SH SOLE 16300
PEOPLES BANK BRIDGEPORT CT COM 710198102 2788 131958 SH SOLE 131958
PEPSICO INC COM 713448108 663 18802 SH SOLE 18802
PETROLEUM GEO SERVICES COM 716597109 6881 386303 SH SOLE 386303
PFIZER INC COM 717081103 1247 38435 SH SOLE 38435
PRENTISS PROPERTIES TRUST COM 740706106 556 26000 SH SOLE 26000
PRIME RETAIL INC COM 741570105 204 36300 SH SOLE 36300
PRIMUS TELECOMMUNICATIONS GROU COM 741929103 6997 182929 SH SOLE 182929
PROCTER & GAMBLE CO COM 742718109 584 5334 SH SOLE 5334
PUBLIC STORAGE INC COM 74460D109 2849 125564 SH SOLE 125564
QUALCOMM INCORPORATED COM 747525103 124020 704160 SH SOLE 704160
RECKSON ASSOC REALTY CL B EXCH COM 75621K304 2764 121481 SH SOLE 121481
RELIASTAR FINANCIAL CORP COM 75952U103 7719 196981 SH SOLE 196981
ROGERS COMMUNICATION INC CL B COM 775109200 336 13583 SH SOLE 13583
ROYAL DUTCH PETE NY RE COM 780257804 284 4692 SH SOLE 4692
RYDER SYSTEMS INC COM 783549108 10773 440835 SH SOLE 440835
SBC COMMUNICATIONS COM 78387G103 1906 39090 SH SOLE 39090
SCHERING PLOUGH CORP COM 806605101 516 12180 SH SOLE 12180
SCHLUMBERGER LTD COM 806857108 297 5300 SH SOLE 5300
SCHWAB CHARLES CORP COM 808513105 757 19800 SH SOLE 19800
SEMPRA ENERGY COM 816851109 5840 336122 SH SOLE 336122
SERVICEMASTER CO. (THE) COM 81760N109 187 15222 SH SOLE 15222
SHARED MEDICAL SYSTEMS COM 819486101 2670 52424 SH SOLE 52424
SLM HOLDING CORP COM 78442a109 242 5725 SH SOLE 5725
SOLUTIA, INC COM 834376105 2675 173306 SH SOLE 173306
SONIC FOUNDRY INC COM 83545R108 3842 162200 SH SOLE 162200
SONOCO PRODUCTS COM 835495102 2276 100036 SH SOLE 100036
SOUTHERN CO COM 842587107 331 14100 SH SOLE 14100
SOVRAN SELF STORAGE COM 84610H108 326 17500 SH SOLE 17500
SPRINT CORP (FON GROUP) SER 1 COM 852061100 788 11714 SH SOLE 11714
SPRINT CORP (PCS GROUP) SER 1 COM 852061506 308 3002 SH SOLE 3002
STARWOOD FINANCIAL, INC. COM 85569r104 232 13735 SH SOLE 13735
STATE ST CORP COM 857477103 563 7700 SH SOLE 7700
STERLING SOFTWARE COM 859547101 971 30840 SH SOLE 30840
SUMMIT PPTYS INC COM 866239106 415 23200 SH SOLE 23200
SUN MICROSYSTEMS INC COM 866810104 3317 42840 SH SOLE 42840
SYBRON INTL CP COM 87114F106 2690 108945 SH SOLE 108945
TELEPHONE & DATA SYS INC COM 879433100 18898 149986 SH SOLE 149986
TEXACO INC COM 881694103 232 4265 SH SOLE 4265
THOMAS & BETTS CORP COM 884315102 3419 107254 SH SOLE 107254
TOWN & COUNTRY TRUST COM 892081100 579 32300 SH SOLE 32300
U.S. CELLULAR COM 911684108 13008 128867 SH SOLE 128867
UNISOURCE ENERGY CORP HOLDING COM 909205106 3143 280953 SH SOLE 280953
UNUMPROVIDENT CORP COM 91529y106 8701 271366 SH SOLE 271366
URBAN SHOPPING CENTERS COM 917060105 711 26210 SH SOLE 26210
USG CORP COM 903293405 8061 171051 SH SOLE 171051
VODAFONE AIRTOUCH PLC ADS COM 92857T107 2147 43375 SH SOLE 43375
WALDEN RES PPTY COM 931210108 3399 157202 SH SOLE 157202
WARNACO GROUP INC COM 934390105 6782 550858 SH SOLE 550858
WELLS FARGO & CO. (1998) COM 949746101 202 5000 SH SOLE 5000
XEROX CORP COM 984121103 4870 214642 SH SOLE 214642
BERKEY INC COM 084419100 1 10000 SH SOLE 10000
CAMDEN PROPERTIES TR $2.25 CV PFD CV 133131201 619 27600 SH SOLE 27600
FELCOR LODGING TR INC $1.95 CV PFD CV 31430F200 206 13300 SH SOLE 13300
PERINI CORP PFD CV EXCH PFD $2 PFD CV 713839306 1372 76217 SH SOLE 76217
RECKSON ASSOCIATES CP CV PFD A PFD CV 75621K205 278 14000 SH SOLE 14000
SPRINT CORP EXCH NOTE (DECS)CV PFD CV 852061407 371 5000 SH SOLE 5000
STANDARD AUTOMOTIVE CV PFD PFD CV 853097202 190 19000 SH SOLE 19000
SUN HEALTHCARE GROUP CVT PFD 1 PFD CV 866749203 0 19000 SH SOLE 19000
OPTISYSTEMS SOLUTIONS WARRANTS m75252110 94 37500 SH SOLE 37500
SONIC FOUNDRY INC WTS 83545R116 455 37900 SH SOLE 37900
ADVANCED MICRO DEVICES CV CONV 007903AC1 119 125000 PRN SOLE 125000
BANKATLANTIC CORP SB DB CV CONV 065908AC9 120 200000 PRN SOLE 200000
BROADBAND TECHNOLOGIES CV CONV 111309AC4 105 200000 PRN SOLE 200000
CAMDEN PROPERTIES TRUST CV CONV 133131AA0 111 96000 PRN SOLE 96000
CENTERTRUST RETAIL PROPERTIES, CONV 152038AA3 917 990000 PRN SOLE 990000
CHIQUITA BRANDS INTL CV CONV U17003AA9 184 200000 PRN SOLE 200000
DSC COMMUNICATIONS CP CV 144 A CONV 233311AB5 105 100000 PRN SOLE 100000
HEALTHCARE REALTY TRUST, INC C CONV 421946AA2 170 200000 PRN SOLE 200000
INGRAM MICRO INC CV CONV 457153AB0 81 250000 PRN SOLE 250000
LOWES CORP CV CONV 540424AL2 245 300000 PRN SOLE 300000
MAGNA INTL INC CVDB CONV 559222AG9 128 150000 PRN SOLE 150000
MALAN REALTY INVESTORS CV CONV 561063AA6 763 850000 PRN SOLE 850000
MORAN ENERGY CV CONV 616457AC1 124 130000 PRN SOLE 130000
MSC SOFTWARE CORP CONV CONV 553531aa2 178 200000 PRN SOLE 200000
NATIONAL DATA CORP CV CONV 635621AA3 91 100000 PRN SOLE 100000
NORAM ENERGY CV SUB DEB CONV 655419AC3 260 295000 PRN SOLE 295000
SIZELER CV CONV 830137AA3 284 315000 PRN SOLE 315000
SOFTKEY INTL INC (T L C) CV CONV 83402NAA7 251 250000 PRN SOLE 250000
U.S. CELLULAR CP CVRO (LYONS) CONV 911684AA6 1769 1845000 PRN SOLE 1845000
ATARI/JTS SDCV/ DEFAULTED 5.25 CONV 046515AA0 4 75000 PRN SOLE 75000
</TABLE>
