The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ACTIVISION BLIZZARD INC COM 00507V109   2,364,531 28,049 SH   DFND 4 28,049 0 0
ACTIVISION BLIZZARD INC COM 00507V109   563,967 6,690 SH   DFND 2 6,690 0 0
ALEXANDER & BALDWIN INC NEW COM 014491104   4,330,218 233,058 SH   DFND 3 233,058 0 0
ALEXANDER & BALDWIN INC NEW COM 014491104   8,033,323 432,364 SH   DFND 4 432,364 0 0
ALEXANDER & BALDWIN INC NEW COM 014491104   3,186,786 171,517 SH   DFND 2 171,517 0 0
ALPHABET INC CAP STK CL C 02079K107   1,565,957 12,945 SH   DFND 2 12,945 0 0
ALPHABET INC CAP STK CL C 02079K107   6,227,052 51,476 SH   DFND 4 51,476 0 0
AMDOCS LTD SHS G02602103   16,513,980 167,061 SH   DFND 4 167,061 0 0
AMDOCS LTD SHS G02602103   3,995,319 40,418 SH   DFND 2 40,418 0 0
AMERICAN TOWER CORP NEW COM 03027X100   11,372,060 58,637 SH   DFND 3 58,637 0 0
AMERICAN TOWER CORP NEW COM 03027X100   1,590,308 8,200 SH Call DFND 4 8,200 0 0
AMERICAN TOWER CORP NEW COM 03027X100   34,426,483 177,511 SH   DFND 4 177,511 0 0
AMERICAN TOWER CORP NEW COM 03027X100   11,205,853 57,780 SH   DFND 2 57,780 0 0
AMERICAN TOWER CORP NEW COM 03027X100   138,139,583 712,280 SH   DFND 1 712,280 0 0
AMERICAN TOWER CORP NEW COM 03027X100   930,912 4,800 SH Call DFND 2 4,800 0 0
APOLLO COML REAL EST FIN INC COM 03762U105   237,720 21,000 SH Put DFND 2 21,000 0 0
APOLLO COML REAL EST FIN INC COM 03762U105   882,960 78,000 SH Put DFND 4 78,000 0 0
ARES CAPITAL CORP COM 04010L103   518,604 27,600 SH Put DFND 2 27,600 0 0
ARES CAPITAL CORP COM 04010L103   2,061,263 109,700 SH Put DFND 4 109,700 0 0
ARISTA NETWORKS INC COM 040413106   2,511,606 15,498 SH   DFND 2 15,498 0 0
ARISTA NETWORKS INC COM 040413106   9,816,622 60,574 SH   DFND 4 60,574 0 0
AT&T INC COM 00206R102   8,550,301 536,069 SH   DFND 4 536,069 0 0
AT&T INC COM 00206R102   2,254,628 141,356 SH   DFND 2 141,356 0 0
BLACKSTONE MORTGAGE TRUST IN NOTE 5.500% 3/1 09257WAE0   1,289,063 1,500,000 PRN   DFND 3 1,500,000 0 0
BLACKSTONE MTG TR INC COM CL A 09257W100   588,923 28,300 SH Put DFND 2 28,300 0 0
BLACKSTONE MTG TR INC COM CL A 09257W100   2,155,916 103,600 SH Put DFND 4 103,600 0 0
CIENA CORP COM NEW 171779309   2,305,380 54,257 SH   DFND 2 54,257 0 0
CIENA CORP COM NEW 171779309   8,849,137 208,264 SH   DFND 4 208,264 0 0
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106   1,156,159 843,912 SH   DFND 4 843,912 0 0
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106   476,581 347,869 SH   DFND 2 347,869 0 0
CROWN CASTLE INC COM 22822V101   4,311,262 37,838 SH   DFND 3 37,838 0 0
CROWN CASTLE INC COM 22822V101   7,134,125 62,613 SH   DFND 4 62,613 0 0
CROWN CASTLE INC COM 22822V101   24,449,359 214,581 SH   DFND 1 214,581 0 0
CROWN CASTLE INC COM 22822V101   854,550 7,500 SH Call DFND 4 7,500 0 0
CROWN CASTLE INC COM 22822V101   353,214 3,100 SH Call DFND 2 3,100 0 0
CROWN CASTLE INC COM 22822V101   2,824,231 24,787 SH   DFND 2 24,787 0 0
DISNEY WALT CO COM 254687106   4,406,057 49,351 SH   DFND 4 49,351 0 0
DISNEY WALT CO COM 254687106   1,135,909 12,723 SH   DFND 2 12,723 0 0
EPR PPTYS COM SH BEN INT 26884U109   238,680 5,100 SH Put DFND 2 5,100 0 0
EPR PPTYS PFD C CV 5.75% 26884U208   1,041,707 49,370 SH   DFND 3 49,370 0 0
EPR PPTYS CONV PFD 9% SR E 26884U307   725,108 25,568 SH   DFND 3 25,568 0 0
EPR PPTYS COM SH BEN INT 26884U109   725,400 15,500 SH Put DFND 4 15,500 0 0
EQUINIX INC COM 29444U700   10,132,425 12,925 SH   DFND 3 12,925 0 0
EQUINIX INC COM 29444U700   133,646,091 170,480 SH   DFND 1 170,480 0 0
EQUINIX INC COM 29444U700   31,802,878 40,568 SH   DFND 4 40,568 0 0
EQUINIX INC COM 29444U700   10,797,206 13,773 SH   DFND 2 13,773 0 0
ERICSSON ADR B SEK 10 294821608   1,229,073 225,518 SH   DFND 2 225,518 0 0
ERICSSON ADR B SEK 10 294821608   4,767,965 874,856 SH   DFND 4 874,856 0 0
FS KKR CAP CORP COM 302635206   895,706 46,700 SH Put DFND 4 46,700 0 0
FS KKR CAP CORP COM 302635206   255,094 13,300 SH Put DFND 2 13,300 0 0
HARMONIC INC COM 413160102   1,376,681 85,138 SH   DFND 2 85,138 0 0
HARMONIC INC COM 413160102   5,280,944 326,589 SH   DFND 4 326,589 0 0
IMPINJ INC COM 453204109   3,781,527 42,181 SH   DFND 4 42,181 0 0
IMPINJ INC COM 453204109   986,509 11,004 SH   DFND 2 11,004 0 0
INDUSTRIAL LOGISTICS PPTYS T COM SHS BEN INT 456237106   138,600 42,000 SH   DFND 3 42,000 0 0
INDUSTRIAL LOGISTICS PPTYS T COM SHS BEN INT 456237106   80,850 24,500 SH   DFND 2 24,500 0 0
INDUSTRIAL LOGISTICS PPTYS T COM SHS BEN INT 456237106   166,650 50,500 SH   DFND 4 50,500 0 0
IRON MTN INC DEL COM 46284V101   818,208 14,400 SH Put DFND 2 14,400 0 0
IRON MTN INC DEL COM 46284V101   3,022,824 53,200 SH Put DFND 4 53,200 0 0
JUNIPER NETWORKS INC COM 48203R104   7,738,698 247,006 SH   DFND 4 247,006 0 0
JUNIPER NETWORKS INC COM 48203R104   2,009,224 64,131 SH   DFND 2 64,131 0 0
LAMAR ADVERTISING CO NEW CL A 512816109   4,397,271 44,305 SH   DFND 3 44,305 0 0
LAMAR ADVERTISING CO NEW CL A 512816109   4,875,458 49,123 SH   DFND 2 49,123 0 0
LAMAR ADVERTISING CO NEW CL A 512816109   14,620,518 147,310 SH   DFND 4 147,310 0 0
LUMENTUM HLDGS INC COM 55024U109   7,595,296 133,885 SH   DFND 4 133,885 0 0
LUMENTUM HLDGS INC COM 55024U109   1,919,233 33,831 SH   DFND 2 33,831 0 0
MARVELL TECHNOLOGY INC COM 573874104   1,474,354 24,663 SH   DFND 2 24,663 0 0
MARVELL TECHNOLOGY INC COM 573874104   5,752,091 96,221 SH   DFND 4 96,221 0 0
MEDICAL PPTYS TRUST INC COM 58463J304   2,184,434 235,900 SH Put DFND 4 235,900 0 0
MEDICAL PPTYS TRUST INC COM 58463J304   555,600 60,000 SH Put DFND 2 60,000 0 0
NETFLIX INC COM 64110L106   1,680,029 3,814 SH   DFND 2 3,814 0 0
NETFLIX INC COM 64110L106   6,524,097 14,811 SH   DFND 4 14,811 0 0
OMEGA HEALTHCARE INVS INC COM 681936100   2,900,205 94,500 SH Put DFND 4 94,500 0 0
OMEGA HEALTHCARE INVS INC COM 681936100   736,560 24,000 SH Put DFND 2 24,000 0 0
OUTFRONT MEDIA INC COM 69007J106   6,512,859 414,304 SH   DFND 3 414,304 0 0
OUTFRONT MEDIA INC COM 69007J106   4,503,528 286,484 SH   DFND 2 286,484 0 0
OUTFRONT MEDIA INC COM 69007J106   11,017,849 700,881 SH   DFND 4 700,881 0 0
OWL ROCK CAPITAL CORPORATION COM 69121K104   586,454 43,700 SH Put DFND 4 43,700 0 0
OWL ROCK CAPITAL CORPORATION COM 69121K104   166,408 12,400 SH Put DFND 2 12,400 0 0
PROLOGIS INC. COM 74340W103   9,062,357 73,900 SH   DFND 3 73,900 0 0
PROLOGIS INC. COM 74340W103   5,425,642 44,244 SH   DFND 2 44,244 0 0
PROLOGIS INC. COM 74340W103   478,257 3,900 SH Put DFND 4 3,900 0 0
PROLOGIS INC. COM 74340W103   13,290,394 108,378 SH   DFND 4 108,378 0 0
PROLOGIS INC. COM 74340W103   1,042,355 8,500 SH Call DFND 2 8,500 0 0
PROLOGIS INC. COM 74340W103   2,550,704 20,800 SH Call DFND 4 20,800 0 0
PROSHARES TR PSHS ULTSH 20YRS 74347B201   543,900 18,500 SH Put DFND 2 18,500 0 0
PROSHARES TR PSHS ULTSH 20YRS 74347B201   1,775,760 60,400 SH Put DFND 4 60,400 0 0
PROSPECT CAP CORP COM 74348T102   111,600 18,000 SH Put DFND 2 18,000 0 0
PROSPECT CAP CORP COM 74348T102   393,700 63,500 SH Put DFND 4 63,500 0 0
REALTY INCOME CORP COM 756109104   3,402,051 56,900 SH Put DFND 4 56,900 0 0
REALTY INCOME CORP COM 756109104   968,598 16,200 SH Put DFND 2 16,200 0 0
REXFORD INDL RLTY INC COM 76169C100   8,560,268 163,927 SH   DFND 3 163,927 0 0
REXFORD INDL RLTY INC COM 76169C100   6,345,983 121,524 SH   DFND 2 121,524 0 0
REXFORD INDL RLTY INC COM 76169C100   16,013,472 306,654 SH   DFND 4 306,654 0 0
RPT REALTY 7.25 PFD D CONV 74971D200   2,466,660 50,340 SH   DFND 3 50,340 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104   2,207,746 9,526 SH   DFND 3 9,526 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104   1,672,844 7,218 SH   DFND 2 7,218 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104   4,142,942 17,876 SH   DFND 4 17,876 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104   14,722,786 63,526 SH   DFND 1 63,526 0 0
SIMON PPTY GROUP INC NEW COM 828806109   332,804 2,900 SH Put DFND 2 2,900 0 0
SIMON PPTY GROUP INC NEW COM 828806109   1,159,076 10,100 SH Put DFND 4 10,100 0 0
SL GREEN RLTY CORP COM 78440X887   1,081,800 36,000 SH Put DFND 2 36,000 0 0
SL GREEN RLTY CORP COM 78440X887   4,327,200 144,000 SH Call DFND 4 144,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103   221,640 500 SH Put DFND 4 500 0 0
STARWOOD PPTY TR INC COM 85571B105   283,240 14,600 SH Put DFND 2 14,600 0 0
STARWOOD PPTY TR INC COM 85571B105   1,032,080 53,200 SH Put DFND 4 53,200 0 0
SUN CMNTYS INC COM 866674104   3,233,451 24,785 SH   DFND 3 24,785 0 0
SUN CMNTYS INC COM 866674104   2,360,021 18,090 SH   DFND 2 18,090 0 0
SUN CMNTYS INC COM 866674104   5,947,410 45,588 SH   DFND 4 45,588 0 0
T-MOBILE US INC COM 872590104   6,742,623 48,543 SH   DFND 2 48,543 0 0
T-MOBILE US INC COM 872590104   21,394,489 154,028 SH   DFND 4 154,028 0 0
U HAUL HOLDING COMPANY COM SER N 023586506   10,127,768 199,877 SH   DFND 4 199,877 0 0
U HAUL HOLDING COMPANY COM SER N 023586506   4,028,366 79,502 SH   DFND 2 79,502 0 0
UNITI GROUP INC COM 91325V108   1,165,266 252,222 SH   DFND 2 252,222 0 0
UNITI GROUP INC COM 91325V108   3,826,469 828,240 SH   DFND 4 828,240 0 0
VANGUARD INDEX FDS REAL ESTATE ETF 922908553   1,412,164 16,900 SH Put DFND 4 16,900 0 0
VANGUARD INDEX FDS REAL ESTATE ETF 922908553   576,564 6,900 SH Put DFND 2 6,900 0 0
VERTIV HOLDINGS CO COM CL A 92537N108   12,722,120 513,610 SH   DFND 4 513,610 0 0
VERTIV HOLDINGS CO COM CL A 92537N108   3,219,728 129,985 SH   DFND 2 129,985 0 0
VMWARE INC CL A COM 928563402   9,201,764 64,039 SH   DFND 4 64,039 0 0
VMWARE INC CL A COM 928563402   2,318,007 16,132 SH   DFND 2 16,132 0 0
VORNADO RLTY TR SH BEN INT 929042109   90,700 5,000 SH Put DFND 2 5,000 0 0
VORNADO RLTY TR SH BEN INT 929042109   317,450 17,500 SH Put DFND 4 17,500 0 0
WARNER MUSIC GROUP CORP COM CL A 934550203   6,772,651 259,588 SH   DFND 4 259,588 0 0
WARNER MUSIC GROUP CORP COM CL A 934550203   1,787,478 68,512 SH   DFND 2 68,512 0 0