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 195 30,558 SH   SOLE   30,558 0 0
ASHFORD HOSPITALITY TR INC COM SHS 044103109 66 10,345 SH   DFND 1 10,345 0 0
COLONY NORTHSTAR INC CL A COM ADDED 19625W104 1,409 109,117 SH   SOLE   109,117 0 0
CUBESMART COM 229663109 787 30,308 SH   SOLE   30,308 0 0
CUBESMART COM 229663109 64 2,450 SH   DFND 1 2,450 0 0
IRON MTN INC NEW COM 46284V101 2,699 75,677 SH   SOLE   75,677 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 1,511 20,222 SH   SOLE   20,222 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 56 755 SH   DFND 1 755 0 0
SBA COMMUNICATIONS CORP NEW CL A ADDED 78410G104 4,876 40,506 SH   SOLE   40,506 0 0
SBA COMMUNICATIONS CORP NEW CL A ADDED 78410G104 98 817 SH   DFND 1 817 0 0