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
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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
ASHFORD HOSPITALITY TR INC COM SHS 044103109 174 32,452 SH   SOLE   32,452 0 0
ASHFORD HOSPITALITY TR INC COM SHS 044103109 29 5,345 SH   DFND 1 5,345 0 0
CUBESMART COM 229663109 689 22,298 SH   SOLE   22,298 0 0
CUBESMART COM 229663109 36 1,170 SH   DFND 1 1,170 0 0
IRON MTN INC NEW COM 46284V101 1,723 43,260 SH   SOLE   43,260 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 1,738 26,217 SH   SOLE   26,217 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 33 503 SH   DFND 1 503 0 0