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 16,098 179,901 SH   SOLE   179,901 0 0
AMERICAN TOWER CORP NEW COM 03027X100 20,016 273,561 SH   SOLE   273,561 0 0
ATWOOD OCEANICS INC COM 050095108 13,218 253,951 SH   SOLE   253,951 0 0
AUTOZONE INC COM 053332102 25,827 60,958 SH   SOLE   60,958 0 0
BERKLEY W R CORP COM 084423102 1,991 48,738 SH   SOLE   48,738 0 0
CAPITAL ONE FINL CORP COM 14040H105 7,415 118,057 SH   SOLE   118,057 0 0
CINEMARK HOLDINGS INC COM 17243V102 20,279 726,341 SH   SOLE   726,341 0 0
COPART INC COM 217204106 32,913 1,068,606 SH   SOLE   1,068,606 0 0
CORRECTIONS CORP AMER NEW COM NEW 22025Y407 7,242 213,826 SH   SOLE   213,826 0 0
CROWN CASTLE INTL CORP COM 228227104 19,684 271,919 SH   SOLE   271,919 0 0
CROWN HOLDINGS INC COM 228368106 33,966 825,824 SH   SOLE   825,824 0 0
DANAHER CORP DEL COM 235851102 19,543 308,730 SH   SOLE   308,730 0 0
EPR PPTYS PFD C CNV 5.75% 26884U208 822 35,837 SH   SOLE   35,837 0 0
EPR PPTYS CONV PFD 9% SR E 26884U307 10,006 312,694 SH   SOLE   312,694 0 0
EQUINIX INC COM NEW 29444U502 34,469 186,599 SH   SOLE   186,599 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 3,471 44,168 SH   SOLE   44,168 0 0
EQUITY ONE COM 294752100 1,484 65,563 SH   SOLE   65,563 0 0
EVEREST RE GROUP LTD COM G3223R108 11,822 92,175 SH   SOLE   92,175 0 0
FELCOR LODGING TR INC PFD CV A $1.95 31430F200 3,482 141,527 SH   SOLE   141,527 0 0
FISERV INC COM 337738108 36,143 413,491 SH   SOLE   413,491 0 0
FLEETCOR TECHNOLOGIES INC COM 339041105 35,146 432,296 SH   SOLE   432,296 0 0
INTERCONTINENTAL HTLS GRP PL SPON ADR NEW 12 45857P400 7,362 268,010 SH   SOLE   268,010 0 0
INTERXION HOLDING N.V SHS N47279109 13,092 501,031 SH   SOLE   501,031 0 0
INTUIT COM 461202103 31,446 515,169 SH   SOLE   515,169 0 0
JONES LANG LASALLE INC COM 48020Q107 8,093 88,800 SH   SOLE   88,800 0 0
LKQ CORP COM 501889208 24,571 954,233 SH   SOLE   954,233 0 0
LOWES COS INC COM 548661107 11,508 281,381 SH   SOLE   281,381 0 0
M D C HLDGS INC COM 552676108 6,581 202,421 SH   SOLE   202,421 0 0
MACYS INC COM 55616P104 8,736 182,000 SH   SOLE   182,000 0 0
MASTERCARD INC CL A 57636Q104 9,449 16,447 SH   SOLE   16,447 0 0
MID-AMER APT CMNTYS INC COM 59522J103 21,101 311,356 SH   SOLE   311,356 0 0
NOBLE CORPORATION BAAR NAMEN -AKT H5833N103 12,598 335,243 SH   SOLE   335,243 0 0
O REILLY AUTOMOTIVE INC NEW COM 67103H107 12,293 109,157 SH   SOLE   109,157 0 0
OLD DOMINION FGHT LINES INC COM 679580100 1,630 39,158 SH   SOLE   39,158 0 0
ORACLE CORP COM 68389X105 1,606 52,310 SH   SOLE   52,310 0 0
ROPER INDS INC NEW COM 776696106 20,911 168,339 SH   SOLE   168,339 0 0
ROWAN COMPANIES PLC SHS CL A G7665A101 3,741 109,818 SH   SOLE   109,818 0 0
SBA COMMUNICATIONS CORP COM 78388J106 13,603 183,520 SH   SOLE   183,520 0 0
SCHEIN HENRY INC COM 806407102 21,215 221,590 SH   SOLE   221,590 0 0
SIMON PPTY GROUP INC NEW COM 828806109 3,552 22,494 SH   SOLE   22,494 0 0
SIRONA DENTAL SYSTEMS INC COM 82966C103 7,233 109,786 SH   SOLE   109,786 0 0
TANGER FACTORY OUTLET CTRS I COM 875465106 7,213 215,569 SH   SOLE   215,569 0 0
TIM HORTONS INC COM 88706M103 2,368 43,748 SH   SOLE   43,748 0 0
UNION PAC CORP COM 907818108 9,402 60,944 SH   SOLE   60,944 0 0
US BANCORP DEL COM NEW 902973304 12,170 336,652 SH   SOLE   336,652 0 0
VISA INC COM CL A 92826C839 9,923 54,296 SH   SOLE   54,296 0 0
WELLS FARGO & CO NEW COM 949746101 12,105 293,317 SH   SOLE   293,317 0 0
YUM BRANDS INC COM 988498101 8,501 122,597 SH   SOLE   122,597 0 0