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 344 53,314 SH   SOLE   53,314 0 0
ASHFORD HOSPITALITY TR INC COM SHS 044103109 58 9,037 SH   DFND 1 9,037 0 0
CUBESMART COM 229663109 1,577 55,917 SH   SOLE   55,917 0 0
CUBESMART COM 229663109 77 2,717 SH   DFND 1 2,717 0 0
EXTENDED STAY AMER INC UNIT 99/99/9999B 30224P200 328 16,590 SH   SOLE   16,590 0 0
IRON MTN INC NEW COM 46284V101 3,162 96,241 SH   SOLE   96,241 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 1,026 16,119 SH   SOLE   16,119 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 53 831 SH   DFND 1 831 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104 9,480 55,464 SH   SOLE   55,464 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104 115 674 SH   DFND 1 674 0 0
ZUMIEZ INC COM 989817101 330 13,795 SH   SOLE   13,795 0 0