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
BANK OF AMERICA SER HH 5.875 PFD 060505195 445 18,000 SH   SOLE   17,800 0 0
BRAEMAR HOTELS & RESORTS PFD S PFD 10482B309 673 26,600 SH   SOLE   26,600 0 0
CHATHAM LODGING TRUST SER A 6. PFD 16208T201 457 20,850 SH   SOLE   20,650 0 0
CITIGROUP INC PFD SER K 6.875 PFD 172967341 1,303 50,625 SH   SOLE   50,525 0 0
COMPASS DIVERSIFIED HLDGS PFD PFD 20451Q302 1,847 70,640 SH   SOLE   70,640 0 0
COMPASS DIVERSIFIED HLDGS PFD PFD 20451Q401 2,101 82,875 SH   SOLE   82,675 0 0
CTO REALTY GROWTH SER A 6.375 PFD 22948Q200 475 20,650 SH   SOLE   20,450 0 0
FORD MOTOR COMPANY SER B 6.20 PFD 345370845 1,352 54,550 SH   SOLE   54,550 0 0
FORTRESS BIOTECH PFD SER A 9.3 PFD 34960Q208 1,369 75,000 SH   SOLE   75,000 0 0
NEXTERA ENERGY IN CORPORATE UN PFD 65339F739 1,531 31,145 SH   SOLE   31,145 0 0
PEBBLEBROOK HOTEL TR PFD SER G PFD 70509V803 322 15,700 SH   SOLE   15,700 0 0
PEBBLEBROOK HOTEL TR PFD SER H PFD 70509V886 930 49,475 SH   SOLE   49,475 0 0
QURATE RETAIL INC PFD SER A 8 PFD 74915M308 368 6,300 SH   SOLE   6,300 0 0
RLJ LODGING TRUST PFD SER A 7. PFD 74965L200 1,794 69,200 SH   SOLE   69,000 0 0
SL GREEN REALTY CORP PFD I 6.5 PFD 78440X507 285 11,400 SH   SOLE   11,400 0 0
TELEPHONE & DATA SYSTEMS SER U PFD 879433787 1,679 82,950 SH   SOLE   82,950 0 0
TEXTAINER GROUP HOLDINGS SER A PFD 88314W204 2,417 102,200 SH   SOLE   102,200 0 0
TEXTAINER GROUP HOLDINGS SER B PFD 88314W303 841 38,775 SH   SOLE   38,575 0 0
UNITED STATES CELLULAR CORP SE PFD 911684702 603 29,400 SH   SOLE   29,400 0 0
ADVANCED MICRO DEVICES INC COM COM 007903107 6,339 82,895 SH   SOLE   82,895 0 0
ALERIAN MLP ETF COM 00162Q452 4,650 134,985 SH   SOLE   134,985 0 0
ALLOGENE THERAPEUTICS INC COM 019770106 265 23,250 SH   SOLE   23,250 0 0
ALPHABET INC CL C COM 02079K107 14,041 6,419 SH   SOLE   6,399 0 0
AMAZON.COM COM 023135106 18,647 175,570 SH   SOLE   174,990 0 0
APPLE COM 037833100 48,040 351,377 SH   SOLE   350,077 0 0
AVANGRID INC COM 05351W103 394 8,550 SH   SOLE   8,550 0 0
AXON ENTERPRISE INC COM 05464C101 280 3,000 SH   SOLE   3,000 0 0
BANK OF AMERICA COM 060505104 7,918 254,364 SH   SOLE   251,824 0 0
BERKSHIRE HATHAWAY DEL CL A COM 084670108 409 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 990 35,775 SH   SOLE   35,625 0 0
BLACKSTONE SECURED LENDING FUN COM 09261X102 1,502 63,530 SH   SOLE   63,330 0 0
BRAEMAR HOTELS & RESORTS INC C COM 10482B101 404 94,200 SH   SOLE   94,200 0 0
CARRIER GLOBAL CORP COM 14448C104 1,134 31,790 SH   SOLE   31,790 0 0
CIGNA CORP COM 125523100 9,605 36,450 SH   SOLE   36,450 0 0
CITIGROUP INC COM 172967424 1,338 29,088 SH   SOLE   29,088 0 0
COMCAST CL A COM 20030N101 228 5,800 SH   SOLE   5,800 0 0
COSTCO WHOLESALE CORP COM 22160K105 1,284 2,680 SH   SOLE   2,680 0 0
COTY INC COM 222070203 2,590 323,400 SH   SOLE   323,400 0 0
CSX CORP COM 126408103 498 17,145 SH   SOLE   17,145 0 0
DANAHER CORP COM COM 235851102 2,649 10,450 SH   SOLE   10,409 0 0
DSG GLOBAL INC COM 23340C203 8 100,000 SH   SOLE   100,000 0 0
EASTERLY GOVERNMENT PROPERTIES COM 27616P103 3,299 173,250 SH   SOLE   167,950 0 0
ENTERPRISE PRODUCTS PARTNERS L COM 293792107 207 8,500 SH   SOLE   8,500 0 0
FIRST EAGLE ALTERNATIVE CAP BD COM 26943B100 301 85,000 SH   SOLE   85,000 0 0
FORTRESS BIOTECH INC COM 34960Q109 672 800,000 SH   SOLE   800,000 0 0
FREEPORT MCMORAN, INC. CL B COM 35671D857 5,196 177,595 SH   SOLE   177,595 0 0
GALAXY DIGITAL HLDGS COM G37092106 64 17,000 SH   SOLE   17,000 0 0
GAMING AND LEISURE PROPERTIES, COM 36467J108 5,664 123,510 SH   SOLE   123,307 0 0
GENERAL MOTORS CO COM 37045V100 863 27,170 SH   SOLE   27,170 0 0
GOLDMAN SACHS BDC INC COM 38147U107 1,995 118,725 SH   SOLE   118,725 0 0
GOLUB CAPITAL BDC INC COM 38173M102 1,834 141,490 SH   SOLE   141,490 0 0
HONEYWELL INTL INC COM 438516106 444 2,554 SH   SOLE   2,554 0 0
HUMANA INC COM 444859102 456 975 SH   SOLE   950 0 0
INCYTE COM 45337C102 608 8,000 SH   SOLE   8,000 0 0
INDUSTRIAL LOGISTICS PPTYS COM 456237106 571 40,575 SH   SOLE   40,275 0 0
JOHNSON & JOHNSON COM 478160104 599 3,375 SH   SOLE   3,375 0 0
JP MORGAN CHASE & CO COM 46625H100 205 1,820 SH   SOLE   1,820 0 0
LAB CORP OF AMERICA COM 50540R409 9,631 41,095 SH   SOLE   40,360 0 0
LINDE PLC COM G5494J103 5,812 20,215 SH   SOLE   20,215 0 0
LVMH MOET HENNESSY LOUIS VUITT COM 502441306 5,502 45,234 SH   SOLE   45,234 0 0
LXP INDUSTRIAL TRUST COM 529043101 6,737 627,235 SH   SOLE   626,335 0 0
MADRIGAL PHARMACEUTICALS INC COM 558868105 465 6,500 SH   SOLE   6,500 0 0
MCDONALDS COM 580135101 432 1,750 SH   SOLE   1,750 0 0
MGM RESORTS INTERNATIONAL COM 552953101 7,180 248,020 SH   SOLE   248,020 0 0
MICROSOFT COM 594918104 13,834 53,866 SH   SOLE   53,216 0 0
NEW YORK COMMUNITY BANCORP COM 649445103 2,806 307,325 SH   SOLE   307,325 0 0
NEXTERA ENERGY INC COM COM 65339F101 9,411 121,500 SH   SOLE   119,360 0 0
OGE ENERGY CORP COM 670837103 372 9,650 SH   SOLE   9,650 0 0
ORASURE TECHNOLOGIES COM 68554V108 150 55,400 SH   SOLE   55,400 0 0
PAYPAL HOLDINGS INC COM 70450Y103 6,155 88,132 SH   SOLE   87,382 0 0
PEPSICO INC COM 713448108 342 2,050 SH   SOLE   2,050 0 0
PNM RESOURCES INC COM 69349H107 358 7,500 SH   SOLE   7,500 0 0
PROCTER & GAMBLE COM 742718109 291 2,025 SH   SOLE   2,025 0 0
REGENERON PHARMACEUTICALS COM 75886F107 1,753 2,966 SH   SOLE   2,966 0 0
ROYAL BANK OF CANADA COM 780087102 499 5,157 SH   SOLE   5,157 0 0
SALESFORCE INC. COM 79466L302 4,382 26,553 SH   SOLE   26,553 0 0
SL GREEN REALTY CORP COM 78440X101 738 16,000 SH   SOLE   16,000 0 0
SOUTHERN COMPANY COM 842587107 738 10,350 SH   SOLE   10,350 0 0
SPDR GOLD TRUST COM 78463V107 3,007 17,852 SH   SOLE   17,852 0 0
STAG INDUSTRIAL INC COM 85254J102 434 14,050 SH   SOLE   14,050 0 0
STARWOOD PROPERTY TRUST INC COM 85571B105 263 12,600 SH   SOLE   12,600 0 0
TAKE TWO INTERACTIVE SOFTWARE COM 874054109 4,042 32,985 SH   SOLE   32,985 0 0
ULTRALIFE BATTERIES COM 903899102 45 10,000 SH   SOLE   10,000 0 0
UNION PACIFIC COM 907818108 526 2,465 SH   SOLE   2,465 0 0
UROGEN PHARMA LTD COM M96088105 272 33,250 SH   SOLE   33,250 0 0
VEEVA SYSTEMS INC COM 922475108 891 4,499 SH   SOLE   4,499 0 0
WALMART COM 931142103 272 2,240 SH   SOLE   2,240 0 0
WARBY PARKER INC COM 93403J106 247 21,900 SH   SOLE   21,900 0 0
ZSCALER COM 98980G102 5,614 37,550 SH   SOLE   37,550 0 0