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
ASHFORD HOSPITALITY TR INC COM SHS 044103109 246 41,770 SH   SOLE   41,770 0 0
ASHFORD HOSPITALITY TR INC COM SHS 044103109 50 8,515 SH   DFND 1 8,515 0 0
CUBESMART COM 229663109 584 21,412 SH   SOLE   21,412 0 0
CUBESMART COM 229663109 56 2,055 SH   DFND 1 2,055 0 0
EXTENDED STAY AMER INC UNIT 99/99/9999B 30224P200 166 11,719 SH   SOLE   11,719 0 0
IRON MTN INC NEW COM 46284V101 1,856 49,449 SH   SOLE   49,449 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 908 13,900 SH   SOLE   13,900 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 49 755 SH   DFND 1 755 0 0