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
AT&T INC COM 00206R102 203 6,500 SH   OTR 1,2,3 0 6,500 0
ALEXANDRIA REAL ESTATE EQ IN PFD CONV SER D 015271505 25 650 SH   OTR 1,2,3 0 650 0
ALEXANDRIA REAL ESTATE EQ IN PFD CONV SER D 015271505 303 8,000 SH   DFND 1,2,3 8,000 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 1,148 6,300 SH   OTR 1,2,3 0 6,300 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 9,305 51,000 SH   DFND 1,2,3 51,000 0 0
ALPHABET INC CAP STK CL C 02079K107 1,176 1,002 SH   OTR 1,2,3 0 1,002 0
AMAZON COM INC COM 023135106 543 305 SH   OTR 1,2,3 0 305 0
AMERICA FIRST MULTIFAMILY IN BEN UNIT CTF 02364V107 309 45,000 SH   DFND 1,2,3 45,000 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 82 1,700 SH   OTR 1,2,3 0 1,700 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 205 4,300 SH   DFND 1,2,3 4,300 0 0
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 200 2,400 SH   OTR 1,2,3 0 2,400 0
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 436 5,200 SH   DFND 1,2,3 5,200 0 0
APPLE INC COM 037833100 389 2,050 SH   OTR 1,2,3 0 2,050 0
APPLE INC COM 037833100 1,900 10,000 SH   DFND 1,2,3 10,000 0 0
ASHFORD HOSPITALITY TR INC COM SHS 044103109 14 3,400 SH   OTR 1,2,3 0 3,400 0
ASHFORD HOSPITALITY TR INC COM SHS 044103109 192 40,523 SH   DFND 1,2,3 40,523 0 0
BP PLC SPONSORED ADR 055622104 296 6,800 SH   OTR 1,2,3 0 6,800 0
BP PLC SPONSORED ADR 055622104 1,233 28,200 SH   DFND 1,2,3 28,200 0 0
BANK AMER CORP COM 060505104 851 30,753 SH   OTR 1,2,3 0 30,753 0
BANK AMER CORP COM 060505104 165 6,000 SH   DFND 1,2,3 6,000 0 0
BANK AMER CORP 7.25%CNV PFD L 060505682 1,350 1,037 SH   OTR 1,2,3 0 1,037 0
BANK AMER CORP 7.25%CNV PFD L 060505682 781 600 SH   DFND 1,2,3 600 0 0
BLACKROCK MUNICIPL INC QLTY COM 092479104 67 5,000 SH   OTR 1,2,3 0 5,000 0
BLACKROCK MUNICIPL INC QLTY COM 092479104 424 31,622 SH   DFND 1,2,3 31,622 0 0
BLACKROCK MUNIHLDGS FD II IN COM 09253P109 244 16,500 SH   OTR 1,2,3 0 16,500 0
BLACKROCK MUNIHLDGS FD II IN COM 09253P109 28 1,887 SH   DFND 1,2,3 1,887 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 210 6,100 SH   OTR 1,2,3 0 6,100 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 154 4,400 SH   DFND 1,2,3 4,400 0 0
BLACKROCK MUNI INTER DR FD I COM 09253X102 80 5,800 SH   OTR 1,2,3 0 5,800 0
BLACKROCK MUNI INTER DR FD I COM 09253X102 200 14,500 SH   DFND 1,2,3 14,500 0 0
BLACKROCK MUNIHOLDNGS QLTY I COM 09254A101 155 12,815 SH   OTR 1,2,3 0 12,815 0
BLACKROCK MUNIHOLDNGS QLTY I COM 09254A101 523 43,217 SH   DFND 1,2,3 43,217 0 0
BLACKROCK MUNIHLDNGS QLTY II COM 09254C107 62 5,000 SH   OTR 1,2,3 0 5,000 0
BLACKROCK MUNIHLDNGS QLTY II COM 09254C107 143 11,597 SH   DFND 1,2,3 11,597 0 0
BLACKROCK MUNIYIELD QLTY FD COM 09254E103 19 1,500 SH   OTR 1,2,3 0 1,500 0
BLACKROCK MUNIYIELD QLTY FD COM 09254E103 410 31,665 SH   DFND 1,2,3 31,665 0 0
BLACKROCK MUNIY QUALITY FD I COM 09254G108 62 5,000 SH   OTR 1,2,3 0 5,000 0
BLACKROCK MUNIY QUALITY FD I COM 09254G108 97 7,900 SH   DFND 1,2,3 7,900 0 0
CITIGROUP INC COM NEW 172967424 124 2,000 SH   OTR 1,2,3 0 2,000 0
CITIGROUP INC COM NEW 172967424 641 10,300 SH   DFND 1,2,3 10,300 0 0
COLONY CAP INC NEW CL A COM 19626G108 3 549 SH   OTR 1,2,3 0 549 0
COLONY CAP INC NEW CL A COM 19626G108 311 58,459 SH   DFND 1,2,3 58,459 0 0
CONCHO RES INC COM 20605P101 71 640 SH   OTR 1,2,3 0 640 0
CONCHO RES INC COM 20605P101 284 2,560 SH   DFND 1,2,3 2,560 0 0
CONOCOPHILLIPS COM 20825C104 253 3,800 SH   OTR 1,2,3 0 3,800 0
CONOCOPHILLIPS COM 20825C104 380 5,700 SH   DFND 1,2,3 5,700 0 0
CYRUSONE INC COM 23283R100 895 17,100 SH   OTR 1,2,3 0 17,100 0
CYRUSONE INC COM 23283R100 850 16,200 SH   DFND 1,2,3 16,200 0 0
DREYFUS STRATEGIC MUNS INC COM 261932107 9 1,100 SH   OTR 1,2,3 0 1,100 0
DREYFUS STRATEGIC MUNS INC COM 261932107 370 46,922 SH   DFND 1,2,3 46,922 0 0
DREYFUS MUN INCOME INC COM 26201R102 111 13,157 SH   DFND 1,2,3 13,157 0 0
EQM MIDSTREAM PARTNERS LP UNIT LTD PARTN 26885B100 328 7,100 SH   OTR 1,2,3 0 7,100 0
EQM MIDSTREAM PARTNERS LP UNIT LTD PARTN 26885B100 194 4,200 SH   DFND 1,2,3 4,200 0 0
ETF MANAGERS TR PRIME CYBR SCRTY 26924G201 112 2,800 SH   OTR 1,2,3 0 2,800 0
ETF MANAGERS TR PRIME CYBR SCRTY 26924G201 88 2,200 SH   DFND 1,2,3 2,200 0 0
EATON VANCE MUN BD FD COM 27827X101 131 10,600 SH   OTR 1,2,3 0 10,600 0
EATON VANCE MUN BD FD COM 27827X101 974 78,565 SH   DFND 1,2,3 78,565 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 149 5,100 SH   OTR 1,2,3 0 5,100 0
ENTERPRISE PRODS PARTNERS L COM 293792107 233 8,000 SH   DFND 1,2,3 8,000 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 304 4,014 SH   OTR 1,2,3 0 4,014 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 1,665 22,100 SH   DFND 1,2,3 22,100 0 0
EXXON MOBIL CORP COM 30231G102 420 5,200 SH   OTR 1,2,3 0 5,200 0
EXXON MOBIL CORP COM 30231G102 347 4,300 SH   DFND 1,2,3 4,300 0 0
FIRST INDUSTRIAL REALTY TRUS COM 32054K103 336 9,500 SH   DFND 1,2,3 9,500 0 0
GENERAL ELECTRIC CO COM 369604103 123 12,302 SH   OTR 1,2,3 0 12,302 0
GENERAL ELECTRIC CO COM 369604103 589 59,000 SH   DFND 1,2,3 59,000 0 0
GILEAD SCIENCES INC COM 375558103 396 6,050 SH   OTR 1,2,3 0 6,050 0
GILEAD SCIENCES INC COM 375558103 774 11,900 SH   DFND 1,2,3 11,900 0 0
GLOBAL MED REIT INC COM NEW 37954A204 413 41,723 SH   OTR 1,2,3 0 41,723 0
GLOBAL MED REIT INC COM NEW 37954A204 575 58,667 SH   DFND 1,2,3 58,667 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 1,152 6,000 SH   DFND 1,2,3 6,000 0 0
HERSHA HOSPITALITY TR PR SHS BEN INT 427825500 13 750 SH   OTR 1,2,3 0 750 0
HERSHA HOSPITALITY TR PR SHS BEN INT 427825500 223 13,006 SH   DFND 1,2,3 13,006 0 0
HUNT COS FIN TR INC COM 44558T100 175 50,000 SH   DFND 1,2,3 50,000 0 0
INTEL CORP COM 458140100 215 4,000 SH   OTR 1,2,3 0 4,000 0
INTEL CORP COM 458140100 215 4,000 SH   DFND 1,2,3 4,000 0 0
INVESCO VALUE MUN INCOME TR COM 46132P108 4 284 SH   OTR 1,2,3 0 284 0
INVESCO VALUE MUN INCOME TR COM 46132P108 1,780 123,403 SH   DFND 1,2,3 123,403 0 0
IRON MTN INC NEW COM 46284V101 288 8,100 SH   OTR 1,2,3 0 8,100 0
IRON MTN INC NEW COM 46284V101 369 10,400 SH   DFND 1,2,3 10,400 0 0
JPMORGAN CHASE & CO COM 46625H100 177 1,750 SH   OTR 1,2,3 0 1,750 0
JPMORGAN CHASE & CO COM 46625H100 2,511 24,800 SH   DFND 1,2,3 24,800 0 0
JD COM INC SPON ADR CL A 47215P106 302 10,000 SH   OTR 1,2,3 0 10,000 0
KIMCO RLTY CORP COM 49446R109 93 5,000 SH   OTR 1,2,3 0 5,000 0
KIMCO RLTY CORP COM 49446R109 130 7,000 SH   DFND 1,2,3 7,000 0 0
KITE RLTY GROUP TR COM NEW 49803T300 726 45,379 SH   OTR 1,2,3 0 45,379 0
KROGER CO COM 501044101 360 14,600 SH   OTR 1,2,3 0 14,600 0
KROGER CO COM 501044101 370 15,000 SH   DFND 1,2,3 15,000 0 0
LTC PPTYS INC COM 502175102 279 6,108 SH   DFND 1,2,3 6,108 0 0
LEXINGTON REALTY TRUST COM 529043101 14 1,650 SH   OTR 1,2,3 0 1,650 0
LEXINGTON REALTY TRUST COM 529043101 81 9,000 SH   DFND 1,2,3 9,000 0 0
MPLX LP COM UNIT REP LTD 55336V100 352 10,700 SH   OTR 1,2,3 0 10,700 0
MPLX LP COM UNIT REP LTD 55336V100 835 25,400 SH   DFND 1,2,3 25,400 0 0
MARATHON PETE CORP COM 56585A102 629 10,500 SH   OTR 1,2,3 0 10,500 0
MARATHON PETE CORP COM 56585A102 1,311 21,900 SH   DFND 1,2,3 21,900 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 1,098 59,250 SH   OTR 1,2,3 0 59,250 0
MEDICAL PPTYS TRUST INC COM 58463J304 2,029 109,600 SH   DFND 1,2,3 109,600 0 0
MICROSOFT CORP COM 594918104 472 4,000 SH   OTR 1,2,3 0 4,000 0
MORGAN STANLEY COM NEW 617446448 928 22,000 SH   DFND 1,2,3 22,000 0 0
NETFLIX INC COM 64110L106 749 2,100 SH   OTR 1,2,3 0 2,100 0
NOODLES & CO COM CL A 65540B105 82 12,000 SH   OTR 1,2,3 0 12,000 0
NOODLES & CO COM CL A 65540B105 2,376 349,400 SH   DFND 1,2,3 349,400 0 0
NUTANIX INC CL A 67059N108 620 16,400 SH   OTR 1,2,3 0 16,400 0
NUTANIX INC CL A 67059N108 702 18,600 SH   DFND 1,2,3 18,600 0 0
NUVEEN AMT FREE QLTY MUN INC COM 670657105 96 7,190 SH   OTR 1,2,3 0 7,190 0
NUVEEN AMT FREE QLTY MUN INC COM 670657105 1,912 143,142 SH   DFND 1,2,3 143,142 0 0
NUVEEN QUALITY MUNCP INCOME COM 67066V101 270 19,942 SH   OTR 1,2,3 0 19,942 0
NUVEEN QUALITY MUNCP INCOME COM 67066V101 901 66,398 SH   DFND 1,2,3 66,398 0 0
NUVEEN MUN HIGH INCOME OPP F COM 670682103 145 10,700 SH   OTR 1,2,3 0 10,700 0
NUVEEN MUN HIGH INCOME OPP F COM 670682103 27 2,000 SH   DFND 1,2,3 2,000 0 0
NUVEEN MUNICIPAL CREDIT INC COM SH BEN INT 67070X101 440 29,169 SH   OTR 1,2,3 0 29,169 0
NUVEEN MUNICIPAL CREDIT INC COM SH BEN INT 67070X101 511 33,939 SH   DFND 1,2,3 33,939 0 0
NUVEEN AMT FREE MUN CR INC F COM 67071L106 406 26,885 SH   OTR 1,2,3 0 26,885 0
NUVEEN AMT FREE MUN CR INC F COM 67071L106 3,712 245,698 SH   DFND 1,2,3 245,698 0 0
NUTRIEN LTD COM 67077M108 898 17,000 SH   DFND 1,2,3 17,000 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 263 6,900 SH   OTR 1,2,3 0 6,900 0
OMEGA HEALTHCARE INVS INC COM 681936100 542 14,200 SH   DFND 1,2,3 14,200 0 0
ONE LIBERTY PPTYS INC COM 682406103 81 2,799 SH   OTR 1,2,3 0 2,799 0
ONE LIBERTY PPTYS INC COM 682406103 1,432 49,375 SH   DFND 1,2,3 49,375 0 0
PALO ALTO NETWORKS INC COM 697435105 559 2,300 SH   OTR 1,2,3 0 2,300 0
PALO ALTO NETWORKS INC COM 697435105 534 2,200 SH   DFND 1,2,3 2,200 0 0
PFIZER INC COM 717081103 158 3,733 SH   OTR 1,2,3 0 3,733 0
PFIZER INC COM 717081103 42 1,000 SH   DFND 1,2,3 1,000 0 0
PHILLIPS 66 PARTNERS LP COM UNIT REP INT 718549207 155 3,000 SH   OTR 1,2,3 0 3,000 0
PHILLIPS 66 PARTNERS LP COM UNIT REP INT 718549207 313 6,000 SH   DFND 1,2,3 6,000 0 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 149 6,100 SH   OTR 1,2,3 0 6,100 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 106 4,300 SH   DFND 1,2,3 4,300 0 0
PROLOGIS INC COM 74340W103 883 12,276 SH   DFND 1,2,3 12,276 0 0
PUTNAM MANAGED MUN INCOM TR COM 746823103 82 11,000 SH   OTR 1,2,3 0 11,000 0
PUTNAM MANAGED MUN INCOM TR COM 746823103 674 90,112 SH   DFND 1,2,3 90,112 0 0
PUTNAM MUN OPPORTUNITIES TR SH BEN INT 746922103 141 11,500 SH   OTR 1,2,3 0 11,500 0
PUTNAM MUN OPPORTUNITIES TR SH BEN INT 746922103 557 45,366 SH   DFND 1,2,3 45,366 0 0
QTS RLTY TR INC COM CL A 74736A103 910 20,300 SH   OTR 1,2,3 0 20,300 0
QTS RLTY TR INC COM CL A 74736A103 1,057 23,500 SH   DFND 1,2,3 23,500 0 0
RETAIL PPTYS AMER INC CL A 76131V202 79,729 6,540,530 SH   OTR 1,2,3 0 6,540,530 0
RETAIL PPTYS AMER INC CL A 76131V202 35,504 2,912,543 SH   DFND 1,2,3 2,912,543 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 697 11,100 SH   OTR 1,2,3 0 11,100 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 2,654 42,400 SH   DFND 1,2,3 42,400 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 260 922 SH   DFND 1,2,3 922 0 0
SITE CENTERS CORP COM 82981J109 366 26,875 SH   DFND 1,2,3 26,875 0 0
SPIRIT RLTY CAP INC NEW COM NEW 84860W300 227 5,700 SH   OTR 1,2,3 0 5,700 0
SPIRIT RLTY CAP INC NEW COM NEW 84860W300 278 7,000 SH   DFND 1,2,3 7,000 0 0
STARBUCKS CORP COM 855244109 260 3,500 SH   OTR 1,2,3 0 3,500 0
STMICROELECTRONICS N V NY REGISTRY 861012102 14 1,000 SH   OTR 1,2,3 0 1,000 0
STMICROELECTRONICS N V NY REGISTRY 861012102 283 19,000 SH   DFND 1,2,3 19,000 0 0
SYMANTEC CORP COM 871503108 109 4,800 SH   OTR 1,2,3 0 4,800 0
SYMANTEC CORP COM 871503108 120 5,200 SH   DFND 1,2,3 5,200 0 0
TAKE-TWO INTERACTIVE SOFTWAR COM 874054109 189 2,000 SH   OTR 1,2,3 0 2,000 0
TAKE-TWO INTERACTIVE SOFTWAR COM 874054109 283 3,000 SH   DFND 1,2,3 3,000 0 0
TANGER FACTORY OUTLET CTRS I COM 875465106 124 5,900 SH   OTR 1,2,3 0 5,900 0
TANGER FACTORY OUTLET CTRS I COM 875465106 120 5,700 SH   DFND 1,2,3 5,700 0 0
UNITEDHEALTH GROUP INC COM 91324P102 247 1,000 SH   OTR 1,2,3 0 1,000 0
UNIVERSAL HEALTH RLTY INCM T SH BEN INT 91359E105 1,182 15,613 SH   DFND 1,2,3 15,613 0 0
VENTAS INC COM 92276F100 108 1,700 SH   OTR 1,2,3 0 1,700 0
VENTAS INC COM 92276F100 128 2,000 SH   DFND 1,2,3 2,000 0 0
VEREIT INC COM 92339V100 1,598 191,146 SH   OTR 1,2,3 0 191,146 0
VEREIT INC COM 92339V100 12,094 1,444,968 SH   DFND 1,2,3 1,444,968 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 782 13,200 SH   OTR 1,2,3 0 13,200 0
VERIZON COMMUNICATIONS INC COM 92343V104 1,272 21,500 SH   DFND 1,2,3 21,500 0 0
VMWARE INC CL A COM 928563402 271 1,500 SH   OTR 1,2,3 0 1,500 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 229 3,625 SH   OTR 1,2,3 0 3,625 0
WELLS FARGO CO NEW COM 949746101 161 3,300 SH   OTR 1,2,3 0 3,300 0
WELLS FARGO CO NEW COM 949746101 1,232 25,500 SH   DFND 1,2,3 25,500 0 0
XENIA HOTELS & RESORTS INC COM 984017103 1,450 66,160 SH   OTR 1,2,3 0 66,160 0
XENIA HOTELS & RESORTS INC COM 984017103 22 1,000 SH   DFND 1,2,3 1,000 0 0