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
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 275 2,010 SH   DFND 1,2,3 2,010 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 1,186 6,104 SH   OTR 1,2,3 0 6,104 0
ALPHABET INC CAP STK CL C 02079K107 1,165 1,002 SH   OTR 1,2,3 0 1,002 0
AMAZON COM INC COM 023135106 468 240 SH   DFND 1,2,3 240 0 0
AMAZON COM INC COM 023135106 769 395 SH   OTR 1,2,3 0 395 0
AMERICA FIRST MULTIFAMILY IN BEN UNIT CTF 02364V107 235 44,700 SH   DFND 1,2,3 44,700 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 120 4,300 SH   DFND 1,2,3 4,300 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 111 4,000 SH   OTR 1,2,3 0 4,000 0
AMERICAN INTL GROUP INC COM NEW 026874784 197 8,100 SH   DFND 1,2,3 8,100 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 45 1,900 SH   OTR 1,2,3 0 1,900 0
AMERICOLD RLTY TR COM 03064D108 1,361 40,000 SH   DFND 1,2,3 40,000 0 0
AMERICOLD RLTY TR COM 03064D108 326 9,600 SH   OTR 1,2,3 0 9,600 0
APARTMENT INVT & MGMT CO CL A 03748R754 1,778 50,583 SH   DFND 1,2,3 50,583 0 0
APARTMENT INVT & MGMT CO CL A 03748R754 35 1,000 SH   OTR 1,2,3 0 1,000 0
APPLE INC COM 037833100 548 2,154 SH   OTR 1,2,3 0 2,154 0
ASHFORD HOSPITALITY TR INC COM SHS 044103109 191 259,623 SH   DFND 1,2,3 259,623 0 0
ASHFORD HOSPITALITY TR INC COM SHS 044103109 59 78,400 SH   OTR 1,2,3 0 78,400 0
AVALONBAY CMNTYS INC COM 053484101 221 1,500 SH   DFND 1,2,3 1,500 0 0
AVALONBAY CMNTYS INC COM 053484101 78 530 SH   OTR 1,2,3 0 530 0
BP PLC SPONSORED ADR 055622104 688 28,200 SH   DFND 1,2,3 28,200 0 0
BP PLC SPONSORED ADR 055622104 157 6,500 SH   OTR 1,2,3 0 6,500 0
BNY MELLON STRATEGIC MUNS IN COM 05588W108 350 46,922 SH   DFND 1,2,3 46,922 0 0
BNY MELLON STRATEGIC MUNS IN COM 05588W108 8 1,100 SH   OTR 1,2,3 0 1,100 0
BNY MELLON MUN INCOME INC COM 05589T104 108 13,157 SH   DFND 1,2,3 13,157 0 0
BK OF AMERICA CORP 7.25%CNV PFD L 060505682 760 600 SH   DFND 1,2,3 600 0 0
BK OF AMERICA CORP 7.25%CNV PFD L 060505682 1,313 1,037 SH   OTR 1,2,3 0 1,037 0
BLACKROCK MUNICIPL INC QLTY COM 092479104 419 31,622 SH   DFND 1,2,3 31,622 0 0
BLACKROCK MUNICIPL INC QLTY COM 092479104 66 5,000 SH   OTR 1,2,3 0 5,000 0
BLACKROCK MUNIHOLDINGS FD II COM 09253P109 26 1,887 SH   DFND 1,2,3 1,887 0 0
BLACKROCK MUNIHOLDINGS FD II COM 09253P109 227 16,500 SH   OTR 1,2,3 0 16,500 0
BLACKROCK MUNI INTER DR FD I COM 09253X102 189 14,500 SH   DFND 1,2,3 14,500 0 0
BLACKROCK MUNI INTER DR FD I COM 09253X102 76 5,800 SH   OTR 1,2,3 0 5,800 0
BLACKROCK MUNIHOLDNGS QLTY I COM 09254A101 517 43,217 SH   DFND 1,2,3 43,217 0 0
BLACKROCK MUNIHOLDNGS QLTY I COM 09254A101 153 12,815 SH   OTR 1,2,3 0 12,815 0
BLACKROCK MUNIHOLDINGS QUALI COM 09254C107 139 11,597 SH   DFND 1,2,3 11,597 0 0
BLACKROCK MUNIHOLDINGS QUALI COM 09254C107 60 5,000 SH   OTR 1,2,3 0 5,000 0
BLACKROCK MUNIYIELD QLTY FD COM 09254E103 405 31,665 SH   DFND 1,2,3 31,665 0 0
BLACKROCK MUNIYIELD QLTY FD COM 09254E103 19 1,500 SH   OTR 1,2,3 0 1,500 0
BLACKROCK MUNIYIELD QUALITY COM 09254G108 98 7,900 SH   DFND 1,2,3 7,900 0 0
BLACKROCK MUNIYIELD QUALITY COM 09254G108 62 5,000 SH   OTR 1,2,3 0 5,000 0
BROADCOM INC COM 11135F101 237 1,000 SH   DFND 1,2,3 1,000 0 0
BROADCOM INC COM 11135F101 118 500 SH   OTR 1,2,3 0 500 0
CEDAR FAIR L P DEPOSITRY UNIT 150185106 147 8,000 SH   DFND 1,2,3 8,000 0 0
CEDAR FAIR L P DEPOSITRY UNIT 150185106 64 3,500 SH   OTR 1,2,3 0 3,500 0
CHEWY INC CL A 16679L109 528 14,100 SH   DFND 1,2,3 14,100 0 0
CHEWY INC CL A 16679L109 184 4,900 SH   OTR 1,2,3 0 4,900 0
CISCO SYS INC COM 17275R102 249 6,300 SH   DFND 1,2,3 6,300 0 0
CISCO SYS INC COM 17275R102 225 5,700 SH   OTR 1,2,3 0 5,700 0
CITIGROUP INC COM NEW 172967424 434 10,300 SH   DFND 1,2,3 10,300 0 0
CITIGROUP INC COM NEW 172967424 84 2,000 SH   OTR 1,2,3 0 2,000 0
COLONY CAP INC NEW CL A COM 19626G108 102 58,459 SH   DFND 1,2,3 58,459 0 0
CONOCOPHILLIPS COM 20825C104 175 5,700 SH   DFND 1,2,3 5,700 0 0
CONOCOPHILLIPS COM 20825C104 117 3,800 SH   OTR 1,2,3 0 3,800 0
CROWN CASTLE INTL CORP NEW COM 22822V101 72 500 SH   DFND 1,2,3 500 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 288 2,000 SH   OTR 1,2,3 0 2,000 0
CYRUSONE INC COM 23283R100 1,778 28,800 SH   DFND 1,2,3 28,800 0 0
CYRUSONE INC COM 23283R100 661 10,700 SH   OTR 1,2,3 0 10,700 0
DIVERSIFIED HEALTHCARE TR COM SH BEN INT 25525P107 419 115,664 SH   DFND 1,2,3 115,664 0 0
DIVERSIFIED HEALTHCARE TR COM SH BEN INT 25525P107 164 45,200 SH   OTR 1,2,3 0 45,200 0
EATON VANCE MUN BD FD COM 27827X101 821 65,787 SH   DFND 1,2,3 65,787 0 0
EATON VANCE MUN BD FD COM 27827X101 110 8,876 SH   OTR 1,2,3 0 8,876 0
ENTERPRISE PRODS PARTNERS L COM 293792107 114 8,000 SH   DFND 1,2,3 8,000 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 71 4,900 SH   OTR 1,2,3 0 4,900 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 1,395 22,600 SH   DFND 1,2,3 22,600 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 273 4,414 SH   OTR 1,2,3 0 4,414 0
EXACT SCIENCES CORP COM 30063P105 1,833 31,600 SH   DFND 1,2,3 31,600 0 0
EXACT SCIENCES CORP COM 30063P105 198 3,400 SH   OTR 1,2,3 0 3,400 0
EXXON MOBIL CORP COM 30231G102 118 3,100 SH   DFND 1,2,3 3,100 0 0
EXXON MOBIL CORP COM 30231G102 194 5,100 SH   OTR 1,2,3 0 5,100 0
GOLDMAN SACHS GROUP INC COM 38141G104 928 6,000 SH   DFND 1,2,3 6,000 0 0
INTEL CORP COM 458140100 216 4,000 SH   DFND 1,2,3 4,000 0 0
INTEL CORP COM 458140100 216 4,001 SH   OTR 1,2,3 0 4,001 0
INVESCO VALUE MUN INCOME TR COM 46132P108 1,745 123,403 SH   DFND 1,2,3 123,403 0 0
INVESCO VALUE MUN INCOME TR COM 46132P108 4 284 SH   OTR 1,2,3 0 284 0
INVESCO EXCHANGE TRADED FD T HIG YLD EQ DIV 46137V563 249 19,200 SH   DFND 1,2,3 19,200 0 0
INVESCO EXCHANGE TRADED FD T HIG YLD EQ DIV 46137V563 140 10,800 SH   OTR 1,2,3 0 10,800 0
JPMORGAN CHASE & CO COM 46625H100 2,251 25,000 SH   DFND 1,2,3 25,000 0 0
JPMORGAN CHASE & CO COM 46625H100 194 2,150 SH   OTR 1,2,3 0 2,150 0
KITE RLTY GROUP TR COM NEW 49803T300 373 39,332 SH   OTR 1,2,3 0 39,332 0
MPLX LP COM UNIT REP LTD 55336V100 265 22,800 SH   DFND 1,2,3 22,800 0 0
MPLX LP COM UNIT REP LTD 55336V100 88 7,500 SH   OTR 1,2,3 0 7,500 0
MARATHON PETE CORP COM 56585A102 619 26,200 SH   DFND 1,2,3 26,200 0 0
MARATHON PETE CORP COM 56585A102 357 15,000 SH   OTR 1,2,3 0 15,000 0
MEDICAL PPTYS TRUST INC COM 58463J304 1,895 109,600 SH   DFND 1,2,3 109,600 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 816 47,200 SH   OTR 1,2,3 0 47,200 0
MICROSOFT CORP COM 594918104 664 4,207 SH   OTR 1,2,3 0 4,207 0
MORGAN STANLEY COM NEW 617446448 748 22,000 SH   DFND 1,2,3 22,000 0 0
NETFLIX INC COM 64110L106 789 2,100 SH   OTR 1,2,3 0 2,100 0
NOODLES & CO COM CL A 65540B105 3,229 685,500 SH   DFND 1,2,3 685,500 0 0
NOODLES & CO COM CL A 65540B105 56 12,000 SH   OTR 1,2,3 0 12,000 0
NUTANIX INC CL A 67059N108 427 27,000 SH   DFND 1,2,3 27,000 0 0
NUTANIX INC CL A 67059N108 203 12,800 SH   OTR 1,2,3 0 12,800 0
NUVEEN AMT FREE QLTY MUN INC COM 670657105 1,938 143,142 SH   DFND 1,2,3 143,142 0 0
NUVEEN AMT FREE QLTY MUN INC COM 670657105 98 7,190 SH   OTR 1,2,3 0 7,190 0
NVIDIA CORP COM 67066G104 316 1,200 SH   OTR 1,2,3 0 1,200 0
NUVEEN QUALITY MUNCP INCOME COM 67066V101 912 66,398 SH   DFND 1,2,3 66,398 0 0
NUVEEN QUALITY MUNCP INCOME COM 67066V101 274 19,942 SH   OTR 1,2,3 0 19,942 0
NUVEEN MUN HIGH INCOME OPPOR COM 670682103 25 2,000 SH   DFND 1,2,3 2,000 0 0
NUVEEN MUN HIGH INCOME OPPOR COM 670682103 133 10,700 SH   OTR 1,2,3 0 10,700 0
NUVEEN MUNICIPAL CREDIT INC COM SH BEN INT 67070X101 477 33,939 SH   DFND 1,2,3 33,939 0 0
NUVEEN MUNICIPAL CREDIT INC COM SH BEN INT 67070X101 410 29,169 SH   OTR 1,2,3 0 29,169 0
NUVEEN AMT FREE MUN CR INC F COM 67071L106 3,607 245,698 SH   DFND 1,2,3 245,698 0 0
NUVEEN AMT FREE MUN CR INC F COM 67071L106 394 26,885 SH   OTR 1,2,3 0 26,885 0
OMEGA HEALTHCARE INVS INC COM 681936100 376 14,200 SH   DFND 1,2,3 14,200 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 101 3,800 SH   OTR 1,2,3 0 3,800 0
ONE LIBERTY PPTYS INC COM 682406103 270 19,374 SH   DFND 1,2,3 19,374 0 0
ONE LIBERTY PPTYS INC COM 682406103 39 2,799 SH   OTR 1,2,3 0 2,799 0
PAGERDUTY INC COM 69553P100 864 50,000 SH   DFND 1,2,3 50,000 0 0
PALO ALTO NETWORKS INC COM 697435105 32 200 SH   DFND 1,2,3 200 0 0
PALO ALTO NETWORKS INC COM 697435105 378 2,300 SH   OTR 1,2,3 0 2,300 0
PHILLIPS 66 PARTNERS LP COM UNIT REP INT 718549207 218 6,000 SH   DFND 1,2,3 6,000 0 0
PHILLIPS 66 PARTNERS LP COM UNIT REP INT 718549207 84 2,300 SH   OTR 1,2,3 0 2,300 0
PINTEREST INC CL A 72352L106 278 18,000 SH   DFND 1,2,3 18,000 0 0
PINTEREST INC CL A 72352L106 31 2,000 SH   OTR 1,2,3 0 2,000 0
PREFERRED APT CMNTYS INC COM 74039L103 234 32,600 SH   DFND 1,2,3 32,600 0 0
PREFERRED APT CMNTYS INC COM 74039L103 53 7,400 SH   OTR 1,2,3 0 7,400 0
PROLOGIS INC. COM 74340W103 987 12,276 SH   DFND 1,2,3 12,276 0 0
PUTNAM MANAGED MUN INCOME TR COM 746823103 649 90,112 SH   DFND 1,2,3 90,112 0 0
PUTNAM MANAGED MUN INCOME TR COM 746823103 79 11,000 SH   OTR 1,2,3 0 11,000 0
PUTNAM MUN OPPORTUNITIES TR SH BEN INT 746922103 541 45,366 SH   DFND 1,2,3 45,366 0 0
PUTNAM MUN OPPORTUNITIES TR SH BEN INT 746922103 137 11,500 SH   OTR 1,2,3 0 11,500 0
QTS RLTY TR INC COM CL A 74736A103 1,363 23,500 SH   DFND 1,2,3 23,500 0 0
QTS RLTY TR INC COM CL A 74736A103 1,085 18,700 SH   OTR 1,2,3 0 18,700 0
QUALCOMM INC COM 747525103 1,582 23,391 SH   DFND 1,2,3 23,391 0 0
QUALCOMM INC COM 747525103 190 2,790 SH   OTR 1,2,3 0 2,790 0
RED LION HOTELS CORP COM 756764106 46 31,544 SH   DFND 1,2,3 31,544 0 0
RETAIL PPTYS AMER INC CL A 76131V202 14,452 2,795,443 SH   DFND 1,2,3 2,795,443 0 0
RETAIL PPTYS AMER INC CL A 76131V202 33,557 6,490,705 SH   OTR 1,2,3 0 6,490,705 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 1,479 42,400 SH   DFND 1,2,3 42,400 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 362 10,400 SH   OTR 1,2,3 0 10,400 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 315 1,222 SH   DFND 1,2,3 1,222 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 23 88 SH   OTR 1,2,3 0 88 0
STARBUCKS CORP COM 855244109 131 2,000 SH   DFND 1,2,3 2,000 0 0
STARBUCKS CORP COM 855244109 230 3,500 SH   OTR 1,2,3 0 3,500 0
TAILORED BRANDS INC COM 87403A107 174 100,000 SH   DFND 1,2,3 100,000 0 0
TAKE-TWO INTERACTIVE SOFTWAR COM 874054109 356 3,000 SH   DFND 1,2,3 3,000 0 0
TAKE-TWO INTERACTIVE SOFTWAR COM 874054109 131 1,100 SH   OTR 1,2,3 0 1,100 0
UBER TECHNOLOGIES INC COM 90353T100 2,178 78,000 SH   DFND 1,2,3 78,000 0 0
UBER TECHNOLOGIES INC COM 90353T100 56 2,000 SH   OTR 1,2,3 0 2,000 0
UNITEDHEALTH GROUP INC COM 91324P102 2,183 8,750 SH   DFND 1,2,3 8,750 0 0
UNITEDHEALTH GROUP INC COM 91324P102 1,297 5,210 SH   OTR 1,2,3 0 5,210 0
UNIVERSAL HEALTH RLTY INCM T SH BEN INT 91359E105 1,574 15,613 SH   DFND 1,2,3 15,613 0 0
VAIL RESORTS INC COM 91879Q109 1,226 8,300 SH   DFND 1,2,3 8,300 0 0
VAIL RESORTS INC COM 91879Q109 251 1,700 SH   OTR 1,2,3 0 1,700 0
VENTAS INC COM 92276F100 268 10,000 SH   DFND 1,2,3 10,000 0 0
VENTAS INC COM 92276F100 314 11,700 SH   OTR 1,2,3 0 11,700 0
VANGUARD INDEX FDS SM CP VAL ETF 922908611 759 8,550 SH   DFND 1,2,3 8,550 0 0
VANGUARD INDEX FDS SM CP VAL ETF 922908611 129 1,450 SH   OTR 1,2,3 0 1,450 0
VEREIT INC COM 92339V100 122 25,000 SH   OTR 1,2,3 0 25,000 0
WELLS FARGO CO NEW COM 949746101 731 25,500 SH   DFND 1,2,3 25,500 0 0
WELLS FARGO CO NEW COM 949746101 89 3,100 SH   OTR 1,2,3 0 3,100 0
XENIA HOTELS & RESORTS INC COM 984017103 10 1,000 SH   DFND 1,2,3 1,000 0 0
XENIA HOTELS & RESORTS INC COM 984017103 605 58,678 SH   OTR 1,2,3 0 58,678 0