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
AGNC INVESTMENT CORP PFD SER D PFD 00123Q609 328 12,750 SH   SOLE   12,750 0 0
AGNC INVESTMENT CORP SER F 6.1 PFD 00123Q872 1,543 61,100 SH   SOLE   60,900 0 0
AMERICAN HOMES 4 RENT G 5.875 PFD 02665T876 249 9,700 SH   SOLE   9,700 0 0
AT&T INC 5.35 PFD 00206R300 313 12,000 SH   SOLE   12,000 0 0
BANK OF AMERICA SER HH 5.875 PFD 060505195 487 18,500 SH   SOLE   18,300 0 0
BRAEMAR HOTELS & RESORTS PFD S PFD 10482B309 634 24,500 SH   SOLE   24,500 0 0
CHATHAM LODGING 6.625 SER A PFD 16208T201 685 25,850 SH   SOLE   25,650 0 0
CITIGROUP INC PFD SER K 6.875 PFD 172967341 1,524 55,150 SH   SOLE   55,050 0 0
COMPASS DIVERSIFIED HLDGS PFD PFD 20451Q302 1,989 71,290 SH   SOLE   71,290 0 0
COMPASS DIVERSIFIED HLDGS PFD PFD 20451Q401 2,375 88,225 SH   SOLE   88,025 0 0
CTO REALTY GROWTH 6.375 SER A PFD 22948Q200 543 20,650 SH   SOLE   20,450 0 0
FORD MOTOR COMPANY SER B 6.20 PFD 345370845 2,174 79,650 SH   SOLE   79,650 0 0
FORTRESS BIOTECH PFD SER A 9.3 PFD 34960Q208 3,086 119,260 SH   SOLE   119,260 0 0
MONMOUTH REAL ESTATE PFD SER C PFD 609720404 848 33,600 SH   SOLE   33,400 0 0
NEXTERA ENERGY INC CORPORATE U PFD 65339F739 1,915 33,070 SH   SOLE   33,070 0 0
PEBBLEBROOK HOTEL TR PFD SER G PFD 70509V803 294 11,200 SH   SOLE   11,200 0 0
PEBBLEBROOK HOTEL TR PFD SER H PFD 70509V886 753 30,600 SH   SOLE   30,600 0 0
QURATE RETAIL INC PFD SER A 8 PFD 74915M308 1,373 13,300 SH   SOLE   13,300 0 0
RLJ LODGING TR L P CUM CONV PF PFD 74965L200 1,918 66,700 SH   SOLE   66,500 0 0
SL GREEN REALTY CORP PFD I 6.5 PFD 78440X507 301 11,400 SH   SOLE   11,400 0 0
TELEPHONE & DATA SYS INC PFD 6 PFD 879433787 3,038 110,650 SH   SOLE   110,650 0 0
TEXTAINER GROUP HOLDINGS SER A PFD 88314W204 2,804 105,000 SH   SOLE   105,000 0 0
TEXTAINER GROUP HOLDINGS SER B PFD 88314W303 949 36,425 SH   SOLE   36,225 0 0
UNITED STATES CELLULAR CORP SE PFD 911684702 1,142 42,150 SH   SOLE   42,150 0 0
WELLS FARGO & CO PFD SER CL A PFD 94988U128 1,391 53,900 SH   SOLE   53,700 0 0
ABBVIE INC COM COM 00287Y109 427 3,150 SH   SOLE   3,150 0 0
ADVANCED MICRO DEVICES INC COM COM 007903107 14,507 100,815 SH   SOLE   100,815 0 0
ALERIAN MLP ETF COM 00162Q452 4,862 148,500 SH   SOLE   148,500 0 0
ALLOGENE THERAPEUTICS INC COM 019770106 347 23,250 SH   SOLE   23,250 0 0
ALPHABET INC CL C COM 02079K107 17,121 5,917 SH   SOLE   5,912 0 0
AMAZON.COM COM 023135106 29,162 8,746 SH   SOLE   8,717 0 0
ANSYS INC CON COM 03662Q105 201 500 SH   SOLE   500 0 0
APPLE COM 037833100 66,918 376,856 SH   SOLE   375,156 0 0
AVANGRID INC COM 05351W103 1,257 25,200 SH   SOLE   25,200 0 0
AXON ENTERPRISE INC COM 05464C101 471 3,000 SH   SOLE   3,000 0 0
BANK OF AMERICA COM 060505104 10,627 238,869 SH   SOLE   235,329 0 0
BERKSHIRE HATHAWAY DEL CL A COM 084670108 451 1 SH   SOLE   1 0 0
BLACKHAWK CAP GROUP BDC COM 09236T103 0 24,000 SH   SOLE   24,000 0 0
BLACKSTONE MORTGAGE TRUST INC COM 09257W100 880 28,725 SH   SOLE   28,575 0 0
BRAEMAR HOTELS & RESORTS INC C COM 10482B101 268 52,500 SH   SOLE   52,500 0 0
CARRIER GLOBAL CORP COM 14448C104 3,186 58,740 SH   SOLE   58,740 0 0
CIGNA CORP COM 125523100 9,198 40,055 SH   SOLE   39,555 0 0
CITIGROUP INC COM 172967424 2,257 37,366 SH   SOLE   37,366 0 0
COMCAST CL A COM 20030N101 302 6,000 SH   SOLE   6,000 0 0
COSTCO WHSL COM 22160K105 2,010 3,540 SH   SOLE   3,540 0 0
COTY INC COM 222070203 3,009 286,600 SH   SOLE   286,600 0 0
DANAHER CORP COM COM 235851102 3,865 11,748 SH   SOLE   11,707 0 0
DSG GLOBAL INC COM 23340C203 13 100,000 SH   SOLE   100,000 0 0
EASTERLY GOVERNMENT PROPERTIES COM 27616P103 8,353 364,425 SH   SOLE   355,625 0 0
FEDEX CORP COM COM 31428X106 507 1,962 SH   SOLE   1,962 0 0
FIRST EAGLE ALTERNATIVE CAP BD COM 26943B100 313 70,000 SH   SOLE   70,000 0 0
FORTRESS BIOTECH INC COM 34960Q109 1,776 710,500 SH   SOLE   710,500 0 0
FREEPORT MCMORAN, INC. CL B COM 35671D857 7,042 168,750 SH   SOLE   168,750 0 0
GALAXY DIGITAL HLDGS COM G37092106 287 16,000 SH   SOLE   16,000 0 0
GAMING AND LEISURE PROPERTIES, COM 36467J108 6,468 132,914 SH   SOLE   132,711 0 0
GANNETT CO INC COM 36472T109 266 50,000 SH   SOLE   50,000 0 0
GOLDMAN SACHS BDC INC COM 38147U107 1,662 86,750 SH   SOLE   86,750 0 0
GOLUB CAPITAL BDC INC COM 38173M102 2,237 144,900 SH   SOLE   144,900 0 0
GOOGLE COM 38259P508 269 93 SH   SOLE   93 0 0
HOME DEPOT COM 437076102 286 690 SH   SOLE   690 0 0
HONEYWELL INTL INC COM 438516106 891 4,272 SH   SOLE   4,272 0 0
HUMANA INC COM 444859102 1,556 3,355 SH   SOLE   3,330 0 0
INCYTE COM 45337C102 830 11,315 SH   SOLE   11,315 0 0
INDUSTRIAL LOGISTICS PPTYS COM 456237106 2,517 100,475 SH   SOLE   100,175 0 0
JOHNSON & JOHNSON COM 478160104 612 3,575 SH   SOLE   3,575 0 0
JP MORGAN CHASE & CO COM 46625H100 328 2,070 SH   SOLE   2,070 0 0
LABORATORY CORP AMER HLDS COM 50540R409 13,686 43,558 SH   SOLE   42,823 0 0
LINDE PLC COM G5494J103 7,003 20,215 SH   SOLE 20,215 0 0 0
LUCID GROUP INC COM 549498103 297 7,800 SH   SOLE   7,800 0 0
LVMH MOET HENNESSY LOUIS VUITT COM 502441306 9,264 55,974 SH   SOLE   55,974 0 0
LXP INDUSTRIAL TRUST COM 529043101 8,291 530,810 SH   SOLE   529,910 0 0
MADRIGAL PHARMACEUTICALS INC COM 558868105 932 11,000 SH   SOLE   11,000 0 0
MATTERPORT, INC. COM 577096100 846 41,000 SH   SOLE   41,000 0 0
MCDONALDS COM 580135101 469 1,750 SH   SOLE   1,750 0 0
MGM RESORTS INTERNATIONAL COM 552953101 9,756 217,375 SH   SOLE   217,375 0 0
MICROSOFT COM 594918104 18,456 54,877 SH   SOLE   54,227 0 0
NEW YORK COMMUNITY BANCORP COM 649445103 3,799 311,175 SH   SOLE   311,175 0 0
NEXTERA ENERGY INC COM COM 65339F101 10,236 109,640 SH   SOLE   107,100 0 0
OGE ENERGY CORP COM 670837103 555 14,450 SH   SOLE   14,450 0 0
ORASURE TECHNOLOGIES COM 68554V108 177 20,400 SH   SOLE   20,400 0 0
PAYPAL HOLDINGS INC COM 70450Y103 9,055 48,017 SH   SOLE   48,017 0 0
PEPSICO INC COM 713448108 356 2,050 SH   SOLE   2,050 0 0
PROCTER & GAMBLE COM 742718109 331 2,025 SH   SOLE   2,025 0 0
REGENERON PHARMACEUTICALS COM 75886F107 2,263 3,584 SH   SOLE   3,584 0 0
ROYAL BANK OF CANADA COM 780087102 547 5,157 SH   SOLE   5,157 0 0
SALESFORCE.COM INC COM 79466L302 6,034 23,745 SH   SOLE   23,745 0 0
SEA LTD COM 81141R100 5,130 22,932 SH   SOLE   22,932 0 0
SOUTHERN COMPANY COM 842587107 1,176 17,150 SH   SOLE   17,150 0 0
SPDR GOLD TRUST COM 78463V107 3,095 18,102 SH   SOLE   18,102 0 0
STAG INDUSTRIAL INC COM 85254J102 1,801 37,550 SH   SOLE   37,550 0 0
STARWOOD PROPERTY TRUST INC COM 85571B105 306 12,600 SH   SOLE   12,600 0 0
TAKE TWO INTERACTIVE SOFTWARE COM 874054109 5,910 33,252 SH   SOLE   33,252 0 0
TOLL BROTHERS INC COM 889478103 2,240 30,950 SH   SOLE   30,950 0 0
ULTRALIFE BATTERIES COM 903899102 97 16,000 SH   SOLE   16,000 0 0
UNITEDHEALTH GROUP INC COM 91324p102 201 400 SH   SOLE   400 0 0
UROGEN PHARMA LTD COM M96088105 317 33,350 SH   SOLE   33,350 0 0
VEEVA SYSTEMS INC COM 922475108 4,842 18,954 SH   SOLE   18,954 0 0
VERIZON COMMUNICATIONS COM 92343V104 249 4,800 SH   SOLE   4,800 0 0
VERTIV HOLDINGS LLC COM 92537N108 4,291 171,845 SH   SOLE   171,845 0 0
VORNADO REALTY TRUST COM 929042109 251 6,000 SH   SOLE   6,000 0 0
WALMART COM 931142103 394 2,720 SH   SOLE   2,720 0 0
WARBY PARKER INC COM 93403J106 5,582 119,890 SH   SOLE   119,890 0 0
ZSCALER COM 98980G102 14,269 44,406 SH   SOLE   44,406 0 0