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 290 45,323 SH   SOLE   45,323 0 0
ASHFORD HOSPITALITY TR INC COM SHS 044103109 13 2,012 SH   DFND 1 2,012 0 0
CUBESMART COM 229663109 1,674 58,662 SH   SOLE   58,662 0 0
CUBESMART COM 229663109 63 2,197 SH   DFND 1 2,197 0 0
EXTENDED STAY AMER INC UNIT 99/99/9999B 30224P200 314 15,530 SH   SOLE   15,530 0 0
EXTENDED STAY AMER INC UNIT 99/99/9999B 30224P200 68 3,372 SH   DFND 1 3,372 0 0
IRON MTN INC NEW COM 46284V101 3,604 104,403 SH   SOLE   104,403 0 0
IRON MTN INC NEW COM 46284V101 69 1,986 SH   DFND 1 1,986 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 1,279 16,442 SH   SOLE   16,442 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 65 831 SH   DFND 1 831 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104 8,288 51,599 SH   SOLE   51,599 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104 100 623 SH   DFND 1 623 0 0