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 420 51,831 SH   SOLE   51,831 0 0
ASHFORD HOSPITALITY TR INC COM SHS 044103109 16 2,012 SH   DFND 1 2,012 0 0
CUBESMART COM 229663109 1,854 57,539 SH   SOLE   57,539 0 0
CUBESMART COM 229663109 88 2,717 SH   DFND 1 2,717 0 0
EXTENDED STAY AMER INC UNIT 99/99/9999B 30224P200 363 16,817 SH   SOLE   16,817 0 0
IRON MTN INC NEW COM 46284V101 3,495 99,817 SH   SOLE   99,817 0 0
IRON MTN INC NEW COM 46284V101 74 2,112 SH   DFND 1 2,112 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 1,000 14,634 SH   SOLE   14,634 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 57 831 SH   DFND 1 831 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104 8,804 53,320 SH   SOLE   53,320 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104 103 623 SH   DFND 1 623 0 0
YINTECH INVT HLDGS LTD SPONSORED ADR 98585M108 85 10,127 SH   SOLE   10,127 0 0
ZUMIEZ INC COM 989817101 365 14,578 SH   SOLE   14,578 0 0