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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ACE LTD SHS H0023R105 14,960 159,901 SH   SOLE   159,901 0 0
ADVANCE AUTO PARTS INC COM 00751Y106 7,855 95,000 SH   SOLE   95,000 0 0
AON PLC SHS CL A G0408V102 3,871 52,000 SH   SOLE   52,000 0 0
ATWOOD OCEANICS INC COM 050095108 7,142 129,762 SH   SOLE   129,762 0 0
AUTOZONE INC COM 053332102 25,769 60,958 SH   SOLE   60,958 0 0
BERKLEY W R CORP COM 084423102 2,089 48,738 SH   SOLE   48,738 0 0
BROWN & BROWN INC COM 115236101 8,446 263,100 SH   SOLE   263,100 0 0
CINEMARK HOLDINGS INC COM 17243V102 21,626 681,341 SH   SOLE   681,341 0 0
COLE REAL ESTATE INVTS INC COM 19329V105 19,633 1,601,366 SH   SOLE   1,601,366 0 0
COPART INC COM 217204106 37,500 1,179,606 SH   SOLE   1,179,606 0 0
CROWN CASTLE INTL CORP COM 228227104 31,689 433,919 SH   SOLE   433,919 0 0
CROWN HOLDINGS INC COM 228368106 38,975 921,824 SH   SOLE   921,824 0 0
DANAHER CORP DEL COM 235851102 11,309 163,141 SH   SOLE   163,141 0 0
EPR PPTYS PFD C CNV 5.75% 26884U208 763 35,837 SH   SOLE   35,837 0 0
EPR PPTYS CONV PFD 9% SR E 26884U307 9,224 312,694 SH   SOLE   312,694 0 0
EQUIFAX INC COM 294429105 14,723 246,000 SH   SOLE   246,000 0 0
EQUINIX INC COM NEW 29444U502 36,656 199,599 SH   SOLE   199,599 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 7,615 222,865 SH   SOLE   222,865 0 0
EVEREST RE GROUP LTD COM G3223R108 13,403 92,175 SH   SOLE   92,175 0 0
FELCOR LODGING TR INC PFD CV A $1.95 31430F200 3,421 141,527 SH   SOLE   141,527 0 0
FISERV INC COM 337738108 38,954 385,491 SH   SOLE   385,491 0 0
FLEETCOR TECHNOLOGIES INC COM 339041105 47,622 432,296 SH   SOLE   432,296 0 0
HCP INC COM 40414L109 4,341 106,000 SH   SOLE   106,000 0 0
HENRY JACK & ASSOC INC COM 426281101 8,772 169,809 SH   SOLE   169,809 0 0
INTERNATIONAL FLAVORS&FRAGRA COM 459506101 2,963 36,000 SH   SOLE   36,000 0 0
INTERXION HOLDING N.V SHS N47279109 13,078 588,031 SH   SOLE   588,031 0 0
JONES LANG LASALLE INC COM 48020Q107 7,752 88,800 SH   SOLE   88,800 0 0
KIMCO RLTY CORP COM 49446R109 1,897 94,000 SH   SOLE   94,000 0 0
LKQ CORP COM 501889208 10,117 317,433 SH   SOLE   317,433 0 0
LOWES COS INC COM 548661107 14,025 294,581 SH   SOLE   294,581 0 0
M D C HLDGS INC COM 552676108 16,068 535,421 SH   SOLE   535,421 0 0
MACYS INC COM 55616P104 6,923 160,000 SH   SOLE   160,000 0 0
MARSH & MCLENNAN COS INC COM 571748102 3,745 86,000 SH   SOLE   86,000 0 0
MASTERCARD INC CL A 57636Q104 3,922 5,830 SH   SOLE   5,830 0 0
MCDONALDS CORP COM 580135101 3,560 37,000 SH   SOLE   37,000 0 0
MID-AMER APT CMNTYS INC COM 59522J103 22,735 363,756 SH   SOLE   363,756 0 0
NOBLE CORPORATION BAAR NAMEN -AKT H5833N103 6,543 173,243 SH   SOLE   173,243 0 0
NORFOLK SOUTHERN CORP COM 655844108 7,503 97,000 SH   SOLE   97,000 0 0
O REILLY AUTOMOTIVE INC NEW COM 67103H107 13,927 109,157 SH   SOLE   109,157 0 0
OLD DOMINION FGHT LINES INC COM 679580100 13,841 300,958 SH   SOLE   300,958 0 0
OMNICOM GROUP INC COM 681919106 3,680 58,000 SH   SOLE   58,000 0 0
ORACLE CORP COM 68389X105 7,463 225,000 SH   SOLE   225,000 0 0
PANERA BREAD CO CL A 69840W108 9,084 57,300 SH   SOLE   57,300 0 0
PETSMART INC COM 716768106 11,363 149,000 SH   SOLE   149,000 0 0
PRAXAIR INC COM 74005P104 9,617 80,000 SH   SOLE   80,000 0 0
ROPER INDS INC NEW COM 776696106 18,647 140,339 SH   SOLE   140,339 0 0
ROSS STORES INC COM 778296103 7,571 104,000 SH   SOLE   104,000 0 0
ROWAN COMPANIES PLC SHS CL A G7665A101 7,295 198,653 SH   SOLE   198,653 0 0
SALLY BEAUTY HLDGS INC COM 79546E104 4,055 155,000 SH   SOLE   155,000 0 0
SBA COMMUNICATIONS CORP COM 78388J106 35,686 443,520 SH   SOLE   443,520 0 0
SCHEIN HENRY INC COM 806407102 11,683 112,590 SH   SOLE   112,590 0 0
SENSIENT TECHNOLOGIES CORP COM 81725T100 8,674 181,115 SH   SOLE   181,115 0 0
SIMON PPTY GROUP INC NEW COM 828806109 3,334 22,494 SH   SOLE   22,494 0 0
SIRONA DENTAL SYSTEMS INC COM 82966C103 9,824 146,786 SH   SOLE   146,786 0 0
TANGER FACTORY OUTLET CTRS I COM 875465106 11,152 341,569 SH   SOLE   341,569 0 0
UDR INC COM 902653104 7,868 332,000 SH   SOLE   332,000 0 0
UNION PAC CORP COM 907818108 9,467 60,944 SH   SOLE   60,944 0 0
VANTIV INC CL A 92210H105 3,811 136,400 SH   SOLE   136,400 0 0
VERISK ANALYTICS INC CL A 92345Y106 8,575 132,000 SH   SOLE   132,000 0 0
VISA INC COM CL A 92826C839 18,020 94,296 SH   SOLE   94,296 0 0
WELLS FARGO & CO NEW COM 949746101 8,732 211,317 SH   SOLE   211,317 0 0
WEX INC COM 96208T104 6,449 73,488 SH   SOLE   73,488 0 0