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 PFD 00206R300 369 14,775 SH   SOLE 14,775 14,775 0 0
BANK OF AMERICA SER HH 5.875 PFD 060505195 320 12,650 SH   SOLE   12,450 0 0
CAI INTL INC RED PERP PFD SER PFD 12477X205 361 19,800 SH   SOLE   19,800 0 0
CAI INTL INC RED PFD SER B 8.5 PFD 12477X304 391 23,325 SH   SOLE   23,325 0 0
CITIGROUP INC PFD SER K 6.875 PFD 172967341 1,173 45,500 SH   SOLE   45,400 0 0
COLONY CAPITAL INC PFD SER H 7 PFD 19626G702 237 25,750 SH   SOLE   25,750 0 0
COLONY CAPITAL INC PFD SER I 7 PFD 19626G603 463 50,300 SH   SOLE   49,900 0 0
COLONY CAPITAL INC PFD SER J 7 PFD 19626G504 329 37,500 SH   SOLE   37,500 0 0
FORTRESS BIOTECH PFD SER A 9.3 PFD 34960Q208 1,261 83,310 SH   SOLE   83,310 0 0
GMAC CAP TR SER A FLOATING RT PFD 361860208 3,056 149,000 SH   SOLE   147,900 0 0
GOLDMAN SACHS GROUP INC. PFD S PFD 38148B504 1,704 67,035 SH   SOLE   65,875 0 0
HERSHA HOSPITALITY TRUST SER D PFD 427825609 341 54,875 SH   SOLE   54,875 0 0
JP MORGAN CHASE & CO 6.15 09 PFD 48127V827 776 30,850 SH   SOLE   30,850 0 0
KKR & CO INC SER A 6.75 PFD 48251W203 982 38,600 SH   SOLE   37,850 0 0
MONMOUTH REAL ESTATE PFD SER C PFD 609720404 423 18,950 SH   SOLE   18,950 0 0
PEBBLEBROOK HOTEL TR PFD SER C PFD 70509V407 326 20,210 SH   SOLE   19,850 0 0
SL GREEN REALTY CORP PFD I 6.5 PFD 78440X507 408 17,900 SH   SOLE   17,900 0 0
STAG INDUSTRIAL PFD SER C 6.87 PFD 85254J409 536 21,215 SH   SOLE   20,975 0 0
TELEPHONE & DATA SYSTEMS INC P PFD 879433837 792 37,250 SH   SOLE   36,050 0 0
UNITED STATES CELLULAR CORP PF PFD 911684405 827 38,925 SH   SOLE   38,925 0 0
VORNADO REALTY SER M 5.25 PFD 929042828 564 28,850 SH   SOLE   28,850 0 0
NEXTERA ENERGY INC CONV PFD 4 PFD 65339F796 234 4,950 SH   SOLE   4,950 0 0
AIR PRODUCTS & CHEMICALS COM 009158106 1,997 10,003 SH   SOLE   10,003 0 0
ALLOGENE THERAPEUTICS INC COM 019770106 551 28,325 SH   SOLE   28,325 0 0
ALLY FINANCIAL INC COM COM 02005N100 542 37,540 SH   SOLE   37,034 0 0
ALPHABET INC CL C COM 02079K107 4,606 3,961 SH   SOLE   3,951 0 0
AMAZON.COM COM 023135106 19,133 9,813 SH   SOLE   9,791 0 0
APPLE COM 037833100 22,230 87,419 SH   SOLE   87,319 0 0
AT&T COM 00206R102 2,257 77,416 SH   SOLE   75,727 0 0
AXON ENTERPRISE INC COM 05464C101 212 3,000 SH   SOLE   3,000 0 0
BANK OF AMERICA COM 060505104 4,163 196,069 SH   SOLE   195,129 0 0
BERKSHIRE HATHAWAY DEL CL A COM 084670108 272 1 SH   SOLE   1 0 0
BGC PARTNERS INC COM 05541T101 162 64,150 SH   SOLE   64,150 0 0
BLACKHAWK CAP GROUP BDC COM 09236T103 1 24,000 SH   SOLE   24,000 0 0
CIGNA CORP COM 125523100 4,143 23,385 SH   SOLE   22,985 0 0
CITIGROUP INC COM 172967424 2,721 64,592 SH   SOLE   63,592 0 0
CLIFFS NATURAL RESOURCES COM 18683K101 46 11,640 SH   SOLE   11,640 0 0
COMCAST CL A COM 20030N101 380 11,050 SH   SOLE   11,050 0 0
COSTCO WHSL COM 22160K105 910 3,190 SH   SOLE   3,190 0 0
DANAHER CORP COM COM 235851102 2,110 15,242 SH   SOLE   15,201 0 0
DANONE SPONSORED ADR COM 23636T100 2,294 178,225 SH   SOLE   177,725 0 0
EASTERLY GOVERNMENT PROPERTIES COM 27616P103 3,582 145,375 SH   SOLE   145,375 0 0
ELI LILLY & CO COM 532457108 904 6,520 SH   SOLE   6,430 0 0
FORTRESS BIOTECH INC COM 34960Q109 634 335,500 SH   SOLE   335,500 0 0
FREEPORT MCMORAN, INC. CL B COM 35671D857 370 54,750 SH   SOLE   54,750 0 0
GAMING AND LEISURE PROPERTIES COM 36467J108 769 27,760 SH   SOLE   27,643 0 0
GENERAL ELECTRIC COM 369604103 598 75,350 SH   SOLE   75,350 0 0
GILEAD SCIENCES COM 375558103 318 4,250 SH   SOLE   4,250 0 0
HERSHA HOSPITALITY TRUST COM 427825500 406 113,500 SH   SOLE   113,500 0 0
HONEYWELL INTL INC COM 438516106 4,075 30,458 SH   SOLE   29,813 0 0
HUMANA INC COM 444859102 2,187 6,965 SH   SOLE   6,940 0 0
IMMUTEP LTD SPONSORED ADR COM 45257L108 22 30,250 SH   SOLE   30,250 0 0
INCYTE COM 45337C102 1,082 14,780 SH   SOLE   14,780 0 0
INDUSTRIAL LOGISTICS PPTYS COM 456237106 4,604 262,475 SH   SOLE   255,375 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 207 1,870 SH   SOLE   1,870 0 0
JOHNSON & JOHNSON COM 478160104 482 3,675 SH   SOLE   3,675 0 0
L3HARRIS TECHNOLOGIES INC COM 502431109 1,870 10,380 SH   SOLE   10,080 0 0
LEXINGTON REALTY TRUST COM 529043101 6,070 611,260 SH   SOLE   610,360 0 0
LIBERTY MEDIA CORP SIRIUSXM COM 531229607 222 7,028 SH   SOLE   7,028 0 0
LINDE PLC COM G5494J103 3,692 21,340 SH   SOLE   21,340 0 0
MADRIGAL PHARMACEUTICALS INC COM 558868105 801 12,000 SH   SOLE   12,000 0 0
MCDONALDS COM 580135101 289 1,750 SH   SOLE   1,750 0 0
MERCK & CO INC COM 58933Y105 400 5,200 SH   SOLE   5,200 0 0
MICROSOFT COM 594918104 4,101 26,002 SH   SOLE   25,802 0 0
NEXTERA ENERGY INC COM COM 65339F101 6,462 26,855 SH   SOLE   26,220 0 0
OPKO HEALTH INC COM COM 68375N103 15 11,000 SH   SOLE   11,000 0 0
PAYPAL HOLDINGS INC COM 70450Y103 4,331 45,240 SH   SOLE   45,240 0 0
PEPSICO INC COM 713448108 276 2,300 SH   SOLE   2,300 0 0
PROCTER & GAMBLE COM 742718109 223 2,025 SH   SOLE   2,025 0 0
QEP RESOURCES COM 74733V100 13 39,950 SH   SOLE   39,950 0 0
ROYAL BANK OF CANADA COM 780087102 427 6,931 SH   SOLE   6,931 0 0
SALESFORCE.COM INC COM 79466L302 3,608 25,060 SH   SOLE   25,060 0 0
SPDR GOLD TRUST COM 78463V107 2,117 14,300 SH   SOLE   14,300 0 0
STARWOOD PROPERTY TRUST INC COM 85571B105 3,185 310,760 SH   SOLE   308,320 0 0
TAKE TWO INTERACTIVE SOFTWARE COM 874054109 1,344 11,335 SH   SOLE   11,335 0 0
THL CREDIT INC COM 872438106 284 107,300 SH   SOLE   107,300 0 0
ULTRALIFE BATTERIES COM 903899102 70 13,450 SH   SOLE   13,450 0 0
UNITED STS OIL FD LP COM 91232N108 232 55,000 SH   SOLE   55,000 0 0
UROGEN PHARMA LTD COM M96088105 937 52,550 SH   SOLE   52,550 0 0
VERIZON COMMUNICATIONS COM 92343V104 268 4,990 SH   SOLE   4,990 0 0
VERTEX PHARMACEUTICALS INC COM 92532F100 238 1,000 SH   SOLE   1,000 0 0
VERTIV HOLDINGS LLC COM 92537N108 770 89,025 SH   SOLE   89,025 0 0
VIACOMCBS INC COM 92556H206 1,855 132,400 SH   SOLE   132,250 0 0