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 LABS COM 002824100 2,272 27,150 SH   DFND   0 0 27,150
ABBVIE INC COM 00287Y109 4,676 61,750 SH   DFND   0 0 61,750
ALTRIA GROUP INC COM 02209S103 1,450 35,445 SH   DFND   0 0 35,445
ANALOG DEVICES INC COM 032654105 1,909 17,086 SH   DFND   0 0 17,086
AUTOMATIC DATA PROCESSING IN COM 053015103 8,195 50,766 SH   DFND   0 0 50,766
BANK AMER CORP COM 060505104 5,497 188,461 SH   DFND   0 0 188,461
BROADRIDGE FINL SOLUTIONS IN COM 11133T103 1,605 12,900 SH   DFND   0 0 12,900
CBL & ASSOC PPTYS INC COM 124830100 259 200,806 SH   DFND   0 0 200,806
CDK GLOBAL INC COM 12508E101 325 6,763 SH   DFND   0 0 6,763
CHEVRON CORP NEW COM 166764100 563 4,750 SH   DFND   0 0 4,750
CISCO SYS INC COM 17275R102 2,080 42,100 SH   DFND   0 0 42,100
CITIGROUP INC COM NEW 172967424 1,295 18,744 SH   DFND   0 0 18,744
COCA COLA CO COM 191216100 2,071 38,040 SH   DFND   0 0 38,040
COLGATE PALMOLIVE CO COM 194162103 245 3,332 SH   DFND   0 0 3,332
COMCAST CORP NEW CL A 20030N101 496 10,998 SH   DFND   0 0 10,998
CONOCOPHILLIPS COM 20825C104 296 5,200 SH   DFND   0 0 5,200
CROWN CASTLE INTL CORP NEW COM 22822V101 403 2,900 SH   DFND   0 0 2,900
EBAY INC COM 278642103 2,183 56,000 SH   DFND   0 0 56,000
ENBRIDGE INC COM 29250N105 773 22,045 SH   DFND   0 0 22,045
FEDEX CORP COM 31428X106 2,551 17,525 SH   DFND   0 0 17,525
GOLDMAN SACHS GROUP INC COM 38141G104 2,924 14,109 SH   DFND   0 0 14,109
HCP INC COM 40414L109 374 10,497 SH   DFND   0 0 10,497
HOME DEPOT INC COM 437076102 3,283 14,150 SH   DFND   0 0 14,150
ILLINOIS TOOL WKS INC COM 452308109 344 2,198 SH   DFND   0 0 2,198
INTEL CORP COM 458140100 227 4,400 SH   DFND   0 0 4,400
INTERNATIONAL BUSINESS MACHS COM 459200101 4,349 29,907 SH   DFND   0 0 29,907
ISTAR INC COM 45031U101 731 56,000 SH   DFND   0 0 56,000
JPMORGAN CHASE & CO COM 46625H100 4,680 39,764 SH   DFND   0 0 39,764
KINDER MORGAN INC DEL COM 49456B101 7,705 373,867 SH   DFND   0 0 373,867
LILLY ELI & CO COM 532457108 693 6,200 SH   DFND   0 0 6,200
LINDE PLC SHS G5494J103 310 1,600 SH   DFND   0 0 1,600
LOWES COS INC COM 548661107 220 2,000 SH   DFND   0 0 2,000
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 2,154 32,506 SH   DFND   0 0 32,506
MERCK & CO INC COM 58933Y105 235 2,796 SH   DFND   0 0 2,796
MICROSOFT CORP COM 594918104 11,102 79,850 SH   DFND   0 0 79,850
MONDELEZ INTL INC CL A 609207105 444 8,022 SH   DFND   0 0 8,022
MYLAN N V SHS EURO N59465109 2,330 117,800 SH   DFND   0 0 117,800
PAYPAL HLDGS INC COM 70450Y103 5,801 56,000 SH   DFND   0 0 56,000
PFIZER INC COM 717081103 2,655 73,888 SH   DFND   0 0 73,888
PHILIP MORRIS INTL INC COM 718172109 1,314 17,308 SH   DFND   0 0 17,308
PROCTER & GAMBLE CO COM 742718109 216 1,736 SH   DFND   0 0 1,736
QUALCOMM INC COM 747525103 5,136 67,332 SH   DFND   0 0 67,332
SPDR INDEX SHS FDS EURO STOXX 50 78463X202 302 8,008 SH   DFND   0 0 8,008
VERIZON COMMUNICATIONS INC COM 92343V104 215 3,565 SH   DFND   0 0 3,565
VISA INC COM CL A 92826C839 15,414 89,610 SH   DFND   0 0 89,610
VORNADO RLTY TR SH BEN INT 929042109 484 7,598 SH   DFND   0 0 7,598
WALMART INC COM 931142103 3,454 29,100 SH   DFND   0 0 29,100
WASHINGTON PRIME GROUP NEW COM 93964W108 488 117,791 SH   DFND   0 0 117,791
WILLIAMS COS INC DEL COM 969457100 6,221 258,550 SH   DFND   0 0 258,550
WYNDHAM DESTINATIONS INC COM 98310W108 1,508 32,760 SH   DFND   0 0 32,760
WYNDHAM HOTELS & RESORTS INC COM 98311A105 1,736 33,560 SH   DFND   0 0 33,560