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 246 6,500 SH   OTR 1,2,3 0 6,500 0
ALEXANDRIA REAL ESTATE EQ IN PFD CONV SER D 015271505 311 8,000 SH   DFND 1,2,3 8,000 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 1,055 6,300 SH   OTR 1,2,3 0 6,300 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 8,529 51,000 SH   DFND 1,2,3 51,000 0 0
ALPHABET INC CAP STK CL C 02079K107 1,221 1,002 SH   OTR 1,2,3 0 1,002 0
AMAZON COM INC COM 023135106 530 305 SH   OTR 1,2,3 0 305 0
AMERICA FIRST MULTIFAMILY IN BEN UNIT CTF 02364V107 368 45,000 SH   DFND 1,2,3 45,000 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 72 1,500 SH   OTR 1,2,3 0 1,500 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 207 4,300 SH   DFND 1,2,3 4,300 0 0
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 230 2,400 SH   OTR 1,2,3 0 2,400 0
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 495 5,200 SH   DFND 1,2,3 5,200 0 0
APARTMENT INVT & MGMT CO CL A 03748R754 2,585 49,583 SH   DFND 1,2,3 49,583 0 0
APPLE INC COM 037833100 460 2,050 SH   OTR 1,2,3 0 2,050 0
APPLE INC COM 037833100 2,240 10,000 SH   DFND 1,2,3 10,000 0 0
ASHFORD HOSPITALITY TR INC COM SHS 044103109 285 85,900 SH   OTR 1,2,3 0 85,900 0
ASHFORD HOSPITALITY TR INC COM SHS 044103109 532 160,523 SH   DFND 1,2,3 160,523 0 0
BP PLC SPONSORED ADR 055622104 297 7,800 SH   OTR 1,2,3 0 7,800 0
BP PLC SPONSORED ADR 055622104 1,071 28,200 SH   DFND 1,2,3 28,200 0 0
BNY MELLON STRATEGIC MUNS IN COM 05588W108 9 1,100 SH   OTR 1,2,3 0 1,100 0
BNY MELLON STRATEGIC MUNS IN COM 05588W108 403 46,922 SH   DFND 1,2,3 46,922 0 0
BNY MELLON MUN INCOME INC COM 05589T104 123 13,157 SH   DFND 1,2,3 13,157 0 0
BANK AMER CORP COM 060505104 898 30,753 SH   OTR 1,2,3 0 30,753 0
BANK AMER CORP COM 060505104 176 6,000 SH   DFND 1,2,3 6,000 0 0
BANK AMER CORP 7.25%CNV PFD L 060505682 1,554 1,037 SH   OTR 1,2,3 0 1,037 0
BANK AMER CORP 7.25%CNV PFD L 060505682 900 600 SH   DFND 1,2,3 600 0 0
BLACKROCK MUNICIPL INC QLTY COM 092479104 71 5,000 SH   OTR 1,2,3 0 5,000 0
BLACKROCK MUNICIPL INC QLTY COM 092479104 447 31,622 SH   DFND 1,2,3 31,622 0 0
BLACKROCK MUNIHLDGS FD II IN COM 09253P109 249 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
BLACKROCK MUNI INTER DR FD I COM 09253X102 82 5,800 SH   OTR 1,2,3 0 5,800 0
BLACKROCK MUNI INTER DR FD I COM 09253X102 206 14,500 SH   DFND 1,2,3 14,500 0 0
BLACKROCK MUNIHOLDNGS QLTY I COM 09254A101 164 12,815 SH   OTR 1,2,3 0 12,815 0
BLACKROCK MUNIHOLDNGS QLTY I COM 09254A101 553 43,217 SH   DFND 1,2,3 43,217 0 0
BLACKROCK MUNIHLDNGS QLTY II COM 09254C107 64 5,000 SH   OTR 1,2,3 0 5,000 0
BLACKROCK MUNIHLDNGS QLTY II COM 09254C107 148 11,597 SH   DFND 1,2,3 11,597 0 0
BLACKROCK MUNIYIELD QLTY FD COM 09254E103 20 1,500 SH   OTR 1,2,3 0 1,500 0
BLACKROCK MUNIYIELD QLTY FD COM 09254E103 430 31,665 SH   DFND 1,2,3 31,665 0 0
BLACKROCK MUNIY QUALITY FD I COM 09254G108 65 5,000 SH   OTR 1,2,3 0 5,000 0
BLACKROCK MUNIY QUALITY FD I COM 09254G108 102 7,900 SH   DFND 1,2,3 7,900 0 0
BLACKROCK MUN 2030 TAR TERM COM SHS BEN IN 09257P105 24 1,000 SH   OTR 1,2,3 0 1,000 0
BLACKSTONE GROUP INC COM CL A 09260D107 299 6,100 SH   OTR 1,2,3 0 6,100 0
BLACKSTONE GROUP INC COM CL A 09260D107 215 4,400 SH   DFND 1,2,3 4,400 0 0
CITIGROUP INC COM NEW 172967424 138 2,000 SH   OTR 1,2,3 0 2,000 0
CITIGROUP INC COM NEW 172967424 712 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 352 58,459 SH   DFND 1,2,3 58,459 0 0
CONCHO RES INC COM 20605P101 43 640 SH   OTR 1,2,3 0 640 0
CONCHO RES INC COM 20605P101 174 2,560 SH   DFND 1,2,3 2,560 0 0
CONOCOPHILLIPS COM 20825C104 216 3,800 SH   OTR 1,2,3 0 3,800 0
CONOCOPHILLIPS COM 20825C104 324 5,700 SH   DFND 1,2,3 5,700 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 209 1,500 SH   OTR 1,2,3 0 1,500 0
CYRUSONE INC COM 23283R100 428 5,400 SH   OTR 1,2,3 0 5,400 0
CYRUSONE INC COM 23283R100 387 4,900 SH   DFND 1,2,3 4,900 0 0
EQM MIDSTREAM PARTNERS LP UNIT LTD PARTN 26885B100 231 7,100 SH   OTR 1,2,3 0 7,100 0
EQM MIDSTREAM PARTNERS LP UNIT LTD PARTN 26885B100 137 4,200 SH   DFND 1,2,3 4,200 0 0
EATON VANCE MUN BD FD COM 27827X101 137 10,600 SH   OTR 1,2,3 0 10,600 0
EATON VANCE MUN BD FD COM 27827X101 1,018 78,565 SH   DFND 1,2,3 78,565 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 146 5,100 SH   OTR 1,2,3 0 5,100 0
ENTERPRISE PRODS PARTNERS L COM 293792107 228 8,000 SH   DFND 1,2,3 8,000 0 0
EQUITY COMWLTH COM SH BEN INT 294628102 35 1,014 SH   OTR 1,2,3 0 1,014 0
EQUITY COMWLTH COM SH BEN INT 294628102 174 5,072 SH   DFND 1,2,3 5,072 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 347 4,014 SH   OTR 1,2,3 0 4,014 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 1,907 22,100 SH   DFND 1,2,3 22,100 0 0
EXXON MOBIL CORP COM 30231G102 368 5,200 SH   OTR 1,2,3 0 5,200 0
EXXON MOBIL CORP COM 30231G102 304 4,300 SH   DFND 1,2,3 4,300 0 0
FIRST INDUSTRIAL REALTY TRUS COM 32054K103 376 9,500 SH   DFND 1,2,3 9,500 0 0
GENERAL ELECTRIC CO COM 369604103 110 12,321 SH   OTR 1,2,3 0 12,321 0
GENERAL ELECTRIC CO COM 369604103 528 59,000 SH   DFND 1,2,3 59,000 0 0
GILEAD SCIENCES INC COM 375558103 381 6,050 SH   OTR 1,2,3 0 6,050 0
GILEAD SCIENCES INC COM 375558103 754 11,900 SH   DFND 1,2,3 11,900 0 0
GLOBAL MED REIT INC COM NEW 37954A204 204 17,858 SH   OTR 1,2,3 0 17,858 0
GLOBAL MED REIT INC COM NEW 37954A204 204 17,813 SH   DFND 1,2,3 17,813 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 1,243 6,000 SH   DFND 1,2,3 6,000 0 0
HERSHA HOSPITALITY TR PR SHS BEN INT 427825500 194 13,006 SH   DFND 1,2,3 13,006 0 0
HUNT COS FIN TR INC COM 44558T100 168 50,000 SH   DFND 1,2,3 50,000 0 0
INTEL CORP COM 458140100 206 4,000 SH   OTR 1,2,3 0 4,000 0
INTEL CORP COM 458140100 206 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 1,896 123,403 SH   DFND 1,2,3 123,403 0 0
JPMORGAN CHASE & CO COM 46625H100 206 1,750 SH   OTR 1,2,3 0 1,750 0
JPMORGAN CHASE & CO COM 46625H100 2,919 24,800 SH   DFND 1,2,3 24,800 0 0
JD COM INC SPON ADR CL A 47215P106 282 10,000 SH   OTR 1,2,3 0 10,000 0
KIMCO RLTY CORP COM 49446R109 104 5,000 SH   OTR 1,2,3 0 5,000 0
KIMCO RLTY CORP COM 49446R109 146 7,000 SH   DFND 1,2,3 7,000 0 0
KITE RLTY GROUP TR COM NEW 49803T300 733 45,379 SH   OTR 1,2,3 0 45,379 0
KROGER CO COM 501044101 378 14,600 SH   OTR 1,2,3 0 14,600 0
KROGER CO COM 501044101 387 15,000 SH   DFND 1,2,3 15,000 0 0
LTC PPTYS INC COM 502175102 313 6,108 SH   DFND 1,2,3 6,108 0 0
LEXINGTON REALTY TRUST COM 529043101 17 1,650 SH   OTR 1,2,3 0 1,650 0
LEXINGTON REALTY TRUST COM 529043101 92 9,000 SH   DFND 1,2,3 9,000 0 0
MPLX LP COM UNIT REP LTD 55336V100 300 10,700 SH   OTR 1,2,3 0 10,700 0
MPLX LP COM UNIT REP LTD 55336V100 712 25,400 SH   DFND 1,2,3 25,400 0 0
MARATHON PETE CORP COM 56585A102 983 16,200 SH   OTR 1,2,3 0 16,200 0
MARATHON PETE CORP COM 56585A102 1,592 26,200 SH   DFND 1,2,3 26,200 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 1,049 53,650 SH   OTR 1,2,3 0 53,650 0
MEDICAL PPTYS TRUST INC COM 58463J304 2,144 109,600 SH   DFND 1,2,3 109,600 0 0
MICROSOFT CORP COM 594918104 556 4,000 SH   OTR 1,2,3 0 4,000 0
MORGAN STANLEY COM NEW 617446448 938 22,000 SH   DFND 1,2,3 22,000 0 0
NETFLIX INC COM 64110L106 562 2,100 SH   OTR 1,2,3 0 2,100 0
NIKE INC CL B 654106103 215 2,300 SH   OTR 1,2,3 0 2,300 0
NOODLES & CO COM CL A 65540B105 68 12,000 SH   OTR 1,2,3 0 12,000 0
NOODLES & CO COM CL A 65540B105 4,418 780,500 SH   DFND 1,2,3 780,500 0 0
NUTANIX INC CL A 67059N108 429 16,400 SH   OTR 1,2,3 0 16,400 0
NUTANIX INC CL A 67059N108 488 18,600 SH   DFND 1,2,3 18,600 0 0
NUVEEN AMT FREE QLTY MUN INC COM 670657105 103 7,190 SH   OTR 1,2,3 0 7,190 0
NUVEEN AMT FREE QLTY MUN INC COM 670657105 2,049 143,142 SH   DFND 1,2,3 143,142 0 0
NUVEEN QUALITY MUNCP INCOME COM 67066V101 286 19,942 SH   OTR 1,2,3 0 19,942 0
NUVEEN QUALITY MUNCP INCOME COM 67066V101 953 66,398 SH   DFND 1,2,3 66,398 0 0
NUVEEN MUN HIGH INCOME OPP F COM 670682103 153 10,700 SH   OTR 1,2,3 0 10,700 0
NUVEEN MUN HIGH INCOME OPP F COM 670682103 28 2,000 SH   DFND 1,2,3 2,000 0 0
NUVEEN MUNICIPAL CREDIT INC COM SH BEN INT 67070X101 473 29,170 SH   OTR 1,2,3 0 29,170 0
NUVEEN MUNICIPAL CREDIT INC COM SH BEN INT 67070X101 550 33,939 SH   DFND 1,2,3 33,939 0 0
NUVEEN AMT FREE MUN CR INC F COM 67071L106 450 26,885 SH   OTR 1,2,3 0 26,885 0
NUVEEN AMT FREE MUN CR INC F COM 67071L106 4,111 245,698 SH   DFND 1,2,3 245,698 0 0
NUTRIEN LTD COM 67077M108 847 17,000 SH   DFND 1,2,3 17,000 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 172 4,100 SH   OTR 1,2,3 0 4,100 0
OMEGA HEALTHCARE INVS INC COM 681936100 593 14,200 SH   DFND 1,2,3 14,200 0 0
ONE LIBERTY PPTYS INC COM 682406103 77 2,799 SH   OTR 1,2,3 0 2,799 0
ONE LIBERTY PPTYS INC COM 682406103 1,359 49,375 SH   DFND 1,2,3 49,375 0 0
PALO ALTO NETWORKS INC COM 697435105 470 2,300 SH   OTR 1,2,3 0 2,300 0
PALO ALTO NETWORKS INC COM 697435105 448 2,200 SH   DFND 1,2,3 2,200 0 0
PHILLIPS 66 PARTNERS LP COM UNIT REP INT 718549207 171 3,000 SH   OTR 1,2,3 0 3,000 0
PHILLIPS 66 PARTNERS LP COM UNIT REP INT 718549207 340 6,000 SH   DFND 1,2,3 6,000 0 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 127 6,100 SH   OTR 1,2,3 0 6,100 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 89 4,300 SH   DFND 1,2,3 4,300 0 0
PROLOGIS INC COM 74340W103 1,046 12,276 SH   DFND 1,2,3 12,276 0 0
PROSHARES TR II ULTRA VIX SHORT 74347W148 260 10,000 SH   DFND 1,2,3 10,000 0 0
PUTNAM MANAGED MUN INCOM TR COM 746823103 86 11,000 SH   OTR 1,2,3 0 11,000 0
PUTNAM MANAGED MUN INCOM TR COM 746823103 705 90,112 SH   DFND 1,2,3 90,112 0 0
PUTNAM MUN OPPORTUNITIES TR SH BEN INT 746922103 150 11,500 SH   OTR 1,2,3 0 11,500 0
PUTNAM MUN OPPORTUNITIES TR SH BEN INT 746922103 593 45,366 SH   DFND 1,2,3 45,366 0 0
QTS RLTY TR INC COM CL A 74736A103 1,031 20,100 SH   OTR 1,2,3 0 20,100 0
QTS RLTY TR INC COM CL A 74736A103 1,207 23,500 SH   DFND 1,2,3 23,500 0 0
RETAIL PPTYS AMER INC CL A 76131V202 79,965 6,490,705 SH   OTR 1,2,3 0 6,490,705 0
RETAIL PPTYS AMER INC CL A 76131V202 35,883 2,912,543 SH   DFND 1,2,3 2,912,543 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 655 11,100 SH   OTR 1,2,3 0 11,100 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 2,495 42,400 SH   DFND 1,2,3 42,400 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 26 86 SH   OTR 1,2,3 0 86 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 363 1,222 SH   DFND 1,2,3 1,222 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 65 2,800 SH   OTR 1,2,3 0 2,800 0
SABRA HEALTH CARE REIT INC COM 78573L106 155 6,723 SH   DFND 1,2,3 6,723 0 0
SITE CENTERS CORP COM 82981J109 406 26,875 SH   DFND 1,2,3 26,875 0 0
STARBUCKS CORP COM 855244109 309 3,500 SH   OTR 1,2,3 0 3,500 0
STMICROELECTRONICS N V NY REGISTRY 861012102 20 1,000 SH   OTR 1,2,3 0 1,000 0
STMICROELECTRONICS N V NY REGISTRY 861012102 368 19,000 SH   DFND 1,2,3 19,000 0 0
SYMANTEC CORP COM 871503108 111 4,800 SH   OTR 1,2,3 0 4,800 0
SYMANTEC CORP COM 871503108 123 5,200 SH   DFND 1,2,3 5,200 0 0
TAKE-TWO INTERACTIVE SOFTWAR COM 874054109 250 2,000 SH   OTR 1,2,3 0 2,000 0
TAKE-TWO INTERACTIVE SOFTWAR COM 874054109 376 3,000 SH   DFND 1,2,3 3,000 0 0
TANGER FACTORY OUTLET CTRS I COM 875465106 91 5,900 SH   OTR 1,2,3 0 5,900 0
TANGER FACTORY OUTLET CTRS I COM 875465106 88 5,700 SH   DFND 1,2,3 5,700 0 0
UNITEDHEALTH GROUP INC COM 91324P102 945 4,350 SH   OTR 1,2,3 0 4,350 0
UNITEDHEALTH GROUP INC COM 91324P102 1,151 5,300 SH   DFND 1,2,3 5,300 0 0
UNIVERSAL HEALTH RLTY INCM T SH BEN INT 91359E105 1,605 15,613 SH   DFND 1,2,3 15,613 0 0
VENTAS INC COM 92276F100 124 1,700 SH   OTR 1,2,3 0 1,700 0
VENTAS INC COM 92276F100 146 2,000 SH   DFND 1,2,3 2,000 0 0
VEREIT INC COM 92339V100 1,140 116,446 SH   OTR 1,2,3 0 116,446 0
VEREIT INC COM 92339V100 7,041 719,968 SH   DFND 1,2,3 719,968 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 796 13,200 SH   OTR 1,2,3 0 13,200 0
VERIZON COMMUNICATIONS INC COM 92343V104 1,297 21,500 SH   DFND 1,2,3 21,500 0 0
VMWARE INC CL A COM 928563402 225 1,500 SH   OTR 1,2,3 0 1,500 0
WELLS FARGO CO NEW COM 949746101 166 3,300 SH   OTR 1,2,3 0 3,300 0
WELLS FARGO CO NEW COM 949746101 1,286 25,500 SH   DFND 1,2,3 25,500 0 0
XENIA HOTELS & RESORTS INC COM 984017103 1,397 66,160 SH   OTR 1,2,3 0 66,160 0
XENIA HOTELS & RESORTS INC COM 984017103 21 1,000 SH   DFND 1,2,3 1,000 0 0