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
DISNEY WALT CO COM 254687106 408 2,320 SH   SOLE 0 0 0 2,320
PFIZER INC COM 717081103 242 6,175 SH   SOLE 0 0 0 6,175
GENERAL ELECTRIC CO COM 369604103 138 10,268 SH   SOLE 0 0 0 10,268
UNION PAC CORP COM 907818108 1,518 6,904 SH   SOLE 0 0 0 6,904
APPLE INC COM 037833100 208 1,520 SH   SOLE 0 0 0 1,520
FIVE POINT HOLDINGS LLC COM CL A 33833Q106 8,808 1,090,154 SH   SOLE 0 0 0 1,090,154
SERITAGE GROWTH PPTYS CL A 81752R100 2,578 140,120 SH   SOLE 0 0 0 140,120
APA CORPORATION COM 03743Q108 771 35,650 SH   SOLE 0 0 0 35,650
QUALCOMM INC COM 747525103 14,584 102,033 SH   SOLE 0 0 0 102,033
PAYCHEX INC COM 704326107 816 7,607 SH   SOLE 0 0 0 7,607
STEPAN CO COM 858586100 5,300 44,064 SH   SOLE 0 0 0 44,064
GRAFTECH INTL LTD COM 384313508 3,907 336,214 SH   SOLE 0 0 0 336,214
PROCTER AND GAMBLE CO COM 742718109 229 1,700 SH   SOLE 0 0 0 1,700
KIMCO RLTY CORP COM 49446R109 7,924 380,061 SH   SOLE 0 0 0 380,061
INTEL CORP COM 458140100 4,230 75,342 SH   SOLE 0 0 0 75,342
EXXON MOBIL CORP COM 30231G102 1,076 17,060 SH   SOLE 0 0 0 17,060
DISCOVERY INC COM SER C 25470F302 8,815 304,175 SH   SOLE 0 0 0 304,175
TIDEWATER INC NEW COM 88642R109 3,464 287,432 SH   SOLE 0 0 0 287,432
JPMORGAN CHASE & CO COM 46625H100 466 2,995 SH   SOLE 0 0 0 2,995
ROCKWELL AUTOMATION INC COM 773903109 229 800 SH   SOLE 0 0 0 800
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 3,881 13,963 SH   SOLE 0 0 0 13,963
CORNING INC COM 219350105 11,099 271,374 SH   SOLE 0 0 0 271,374
WARRIOR MET COAL INC COM 93627C101 3,841 223,341 SH   SOLE 0 0 0 223,341
WEYERHAEUSER CO MTN BE COM NEW 962166104 8,268 240,222 SH   SOLE 0 0 0 240,222
TRINITY PL HLDGS INC COM 89656D101 1,100 521,110 SH   SOLE 0 0 0 521,110
ILLINOIS TOOL WKS INC COM 452308109 210 940 SH   SOLE 0 0 0 940
QUEST DIAGNOSTICS INC COM 74834L100 330 2,500 SH   SOLE 0 0 0 2,500
NVIDIA CORPORATION COM 67066G104 37,281 46,595 SH   SOLE 0 0 0 46,595
FRANKLIN RESOURCES INC COM 354613101 7,930 247,875 SH   SOLE 0 0 0 247,875
TANGER FACTORY OUTLET CTRS I COM 875465106 7,838 415,822 SH   SOLE 0 0 0 415,822
AMGEN INC COM 031162100 10,995 45,106 SH   SOLE 0 0 0 45,106
LOEWS CORP COM 540424108 9,071 165,982 SH   SOLE 0 0 0 165,982
MICROSOFT CORP COM 594918104 200 739 SH   SOLE 0 0 0 739
MERCK & CO INC COM 58933Y105 289 3,716 SH   SOLE 0 0 0 3,716
DEVON ENERGY CORP NEW COM 25179M103 1,140 39,038 SH   SOLE 0 0 0 39,038
PHILLIPS 66 COM 718546104 2,400 27,967 SH   SOLE 0 0 0 27,967
HERSHA HOSPITALITY TR PR SHS BEN INT 427825500 3,729 346,563 SH   SOLE 0 0 0 346,563
ARCOS DORADOS HOLDINGS INC SHS CLASS -A - G0457F107 3,197 535,429 SH   SOLE 0 0 0 535,429
FORTIS INC COM 349553107 221 5,000 SH   SOLE 0 0 0 5,000
M & T BK CORP COM 55261F104 1,911 13,149 SH   SOLE 0 0 0 13,149
JOHNSON & JOHNSON COM 478160104 734 4,455 SH   SOLE 0 0 0 4,455
TEEKAY LNG PARTNERS L P PRTNRSP UNITS Y8564M105 6,223 412,371 SH   SOLE 0 0 0 412,371