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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

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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
NORTHSTAR REALTY FINANCE COM NEW 66704R803 39,424 1,859,579 SH   DFND 1 1,440,963 0 418,616
NEW YORK REIT INC COM 64976L109 60,396 5,251,895 SH   DFND 1 4,185,185 0 1,066,710
NORTHSTAR REALY EUROPE CORP COM 66706L101 6,559 555,438 SH   DFND 1 441,273 0 114,165