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
Abbott Laboratories COM 002824100 3,972 74,443 SH   SOLE   71,638 0 2,805
Air Lease Corporation COM 00912X302 4,827 113,248 SH   SOLE   108,923 0 4,325
Alergan COM G0177J108 3,720 18,151 SH   SOLE   17,426 0 725
Ally Financial, Incorporated COM 02005N100 4,015 165,494 SH   SOLE   159,239 0 6,255
Alphabet Inc Cap Cl A. COM 02079k305 2,519 2,587 SH   SOLE   2,485 0 102
Apollo Investment Corporation COM 03761u106 2,301 376,529 SH   SOLE   364,104 0 12,425
Apple Inc COM 037833100 5,551 36,019 SH   SOLE   34,624 0 1,395
Bank Of America COM 060505104 3,180 125,507 SH   SOLE   120,712 0 4,795
Bank of Montreal COM 063671101 2,353 31,085 SH   SOLE   30,040 0 1,045
Brookfield Asset Management Cl COM 112585104 2,286 55,350 SH   SOLE   53,255 0 2,095
Chesapeake Lodging Tust COM 165240102 3,979 147,524 SH   SOLE   142,399 0 5,125
Costco Wholesale COM 22160K105 2,074 12,622 SH   SOLE   12,132 0 490
Digital Realty Trust COM 253868103 2,519 21,285 SH   SOLE   20,505 0 780
Eli Lilly & Company COM 532457108 266 3,108 SH   SOLE   3,108 0 0
Facebook, Incorpoated CL A COM 30303M102 3,273 19,154 SH   SOLE   18,429 0 725
Flextronics International COM Y2573F102 2,988 180,354 SH   SOLE   173,859 0 6,495
General Electric COM 369604103 2,976 123,059 SH   SOLE   118,374 0 4,685
Hexcel Corporation COM 428291108 3,443 59,959 SH   SOLE   57,594 0 2,365
Hologic Incorporated COM 436440101 2,214 60,334 SH   SOLE   58,104 0 2,230
Hospitality Property Trust COM 44106M102 2,907 102,048 SH   SOLE   98,633 0 3,415
IBIZ Technology COM 45103b205 0 22,500 SH   SOLE   22,500 0 0
International Game Tech COM G4863A108 618 25,178 SH   OTR   25,178 0 0
J.P. Morgan Chase & Company COM 46625h100 2,099 21,981 SH   SOLE   21,231 0 750
Johnson & Johnson COM 478160104 3,323 25,561 SH   SOLE   24,651 0 910
Kinder Morgan Incorporated COM 49456b101 2,537 132,262 SH   SOLE   127,092 0 5,170
Legg Mason Inc. COM 524901105 3,061 77,870 SH   SOLE   74,995 0 2,875
MGIC Investments COM 552848103 4,953 395,275 SH   SOLE   380,860 0 14,415
Merck & Company COM 58933y105 4,025 62,856 SH   SOLE   60,511 0 2,345
Metlife, Incorporated COM 59156R108 3,065 58,995 SH   SOLE   56,775 0 2,220
Nexpoint Residential Trust COM 65341d102 3,491 147,132 SH   SOLE   141,867 0 5,265
Pfizer COM 717081103 3,413 95,615 SH   SOLE   92,040 0 3,575
Pimco Income Strategy Fund II COM 72201J104 2,884 269,564 SH   SOLE   260,574 0 8,990
Powershares EFT S&P500 COM 73937b779 358 7,810 SH   SOLE   7,810 0 0
Prologis SBI COM 74340w103 3,132 49,358 SH   SOLE   47,824 0 1,534
Reaves Utility Income Fund COM 756158101 2,941 92,763 SH   SOLE   89,838 0 2,925
SPDR Gold TR Gold COM 78463v107 252 2,075 SH   SOLE   1,975 0 100
Schlumberger Ltd COM 806857108 3,442 49,341 SH   SOLE   47,540 0 1,801
Store Capital Corp. COM 862121100 2,358 94,815 SH   SOLE   91,360 0 3,455
Synopsys Incorporated COM 871607107 2,798 34,751 SH   SOLE   33,501 0 1,250
Thermo Fisher Scientific Inc. COM 883556102 3,887 20,543 SH   SOLE   19,788 0 755
Unilever N V COM 904784709 3,462 58,633 SH   SOLE   56,658 0 1,975
United Parcel Service COM 911312106 2,042 17,000 SH   OTR   17,000 0 0
United Rentals Incorporated COM 911363109 2,509 18,087 SH   SOLE   17,404 0 683
United Technologies COM 913017109 3,679 31,697 SH   SOLE   30,492 0 1,205
Vanguard FTSE Europe ETF COM 922042874 2,114 36,245 SH   SOLE   34,940 0 1,305
Verizon Communications COM 92343V104 3,577 72,271 SH   SOLE   69,541 0 2,730
iShares TR High Yield ETF COM 464288513 3,804 42,862 SH   SOLE   41,462 0 1,400
Reaves Util Income Rights Exp COM 756SEL715 31 82,731 SH   SOLE   79,797 0 2,934