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
AMERICAN EXPRESS CO COM 025816109 29,487 325,000 SH   SOLE   325,000 0 0
AMERICAN RESIDENTIAL PPTYS I COM 02927E303 23,281 1,356,707 SH   SOLE   1,356,707 0 0
KINDER MORGAN INC DEL COM 49456B101 7,200 200,000 SH   SOLE   200,000 0 0
UNION PAC CORP COM 907818108 151,200 900,000 SH   SOLE   900,000 0 0
VISA INC COM CL A 92826C839 105,773 475,000 SH   SOLE   475,000 0 0