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
3M CO COM 88579Y101 306 1,949 SH   SOLE   1,949 0 0
ABBOTT LABS COM 002824100 491 9,815 SH   SOLE   9,815 0 0
ABBVIE INC COM 00287Y109 688 9,815 SH   SOLE   9,815 0 0
ACE LTD SHS H0023R105 261 2,519 SH   SOLE   2,519 0 0
ACRE RLTY INVS INC COM 00489F106 14 10,052 SH   SOLE   10,052 0 0
ADOBE SYS INC COM 00724F101 705 8,600 SH   SOLE   8,600 0 0
AES CORP COM 00130H105 222 16,865 SH   SOLE   16,865 0 0
AFLAC INC COM 001055102 278 4,500 SH   SOLE   4,500 0 0
ALCOA INC COM 013817101 491 45,331 SH   SOLE   45,331 0 0
ALLIANCEBERNSTEIN HOLDING LP UNIT LTD PARTN 01881G106 355 12,500 SH   SOLE   12,500 0 0
AMERICAN CAPITAL AGENCY CORP COM 02503X105 190 10,000 SH   SOLE   10,000 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 380 21,055 SH   SOLE   21,055 0 0
AMERICAN EXPRESS CO COM 025816109 313 3,969 SH   SOLE   3,969 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 163 10,000 SH   SOLE   10,000 0 0
ANWORTH MORTGAGE ASSET CP COM 037347101 89 17,344 SH   SOLE   17,344 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 397 10,214 SH   SOLE   10,214 0 0
APOLLO INVT CORP COM 03761U106 264 36,900 SH   SOLE   36,900 0 0
APPLE INC COM 037833100 3,134 24,880 SH   SOLE   24,880 0 0
APPLIED MATLS INC COM 038222105 421 21,965 SH   SOLE   21,965 0 0
ARROW ELECTRS INC COM 042735100 347 6,300 SH   SOLE   6,300 0 0
ASHFORD HOSPITALITY TR INC COM SHS 044103109 167 18,180 SH   SOLE   18,180 0 0
ASHLAND INC NEW COM 044209104 481 4,002 SH   SOLE   4,002 0 0
AT&T INC COM 00206R102 1,970 56,354 SH   SOLE   56,354 0 0
AVIS BUDGET GROUP COM 053774105 693 16,394 SH   SOLE   16,394 0 0
BANCO SANTANDER SA ADR 05964H105 132 18,272 SH   SOLE   18,272 0 0
BANK AMER CORP COM 060505104 385 22,457 SH   SOLE   22,457 0 0
BB&T CORP COM 054937107 375 9,112 SH   SOLE   9,112 0 0
BEACON ROOFING SUPPLY INC COM 073685109 345 10,948 SH   SOLE   10,948 0 0
BERKLEY W R CORP COM 084423102 219 3,900 SH   SOLE   3,900 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 1,660 11,730 SH   SOLE   11,730 0 0
BOEING CO COM 097023105 303 2,056 SH   SOLE   2,056 0 0
BOSTON SCIENTIFIC CORP COM 101137107 238 13,322 SH   SOLE   13,322 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 1,265 18,147 SH   SOLE   18,147 0 0
CANADIAN PAC RY LTD COM 13645T100 1,403 8,958 SH   SOLE   8,958 0 0
CARDINAL HEALTH INC COM 14149Y108 1,314 15,330 SH   SOLE   15,330 0 0
CDN IMPERIAL BK COMM TORONTO COM 136069101 285 4,000 SH   SOLE   4,000 0 0
CELGENE CORP COM 151020104 415 3,390 SH   SOLE   3,390 0 0
CHEVRON CORP NEW COM 166764100 590 6,179 SH   SOLE   6,179 0 0
CISCO SYS INC COM 17275R102 1,379 49,383 SH   SOLE   49,383 0 0
COCA COLA CO COM 191216100 1,157 28,094 SH   SOLE   28,094 0 0
COMPUTER SCIENCES CORP COM 205363104 256 3,800 SH   SOLE   3,800 0 0
CONAGRA FOODS INC COM 205887102 320 7,200 SH   SOLE   7,200 0 0
CONOCOPHILLIPS COM 20825C104 350 5,890 SH   SOLE   5,890 0 0
CORNING INC COM 219350105 738 38,380 SH   SOLE   38,380 0 0
CST BRANDS INC COM 12646R105 315 7,894 SH   SOLE   7,894 0 0
DISCOVER FINL SVCS COM 254709108 902 15,395 SH   SOLE   15,395 0 0
DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 330 10,386 SH   SOLE   10,386 0 0
DISNEY WALT CO COM DISNEY 254687106 3,676 31,151 SH   SOLE   31,151 0 0
DONNELLEY R R & SONS CO COM 257867101 524 30,350 SH   SOLE   30,350 0 0
DOVER CORP COM 260003108 745 11,187 SH   SOLE   11,187 0 0
DOW CHEM CO COM 260543103 550 10,448 SH   SOLE   10,448 0 0
EATON VANCE FLTING RATE INC COM 278279104 319 22,700 SH   SOLE   22,700 0 0
EMCOR GROUP INC COM 29084Q100 571 11,850 SH   SOLE   11,850 0 0
ENERGY TRANSFER PRTNRS L P UNIT LTD PARTN 29273R109 258 4,878 SH   SOLE   4,878 0 0
EQUITY ONE COM 294752100 331 13,503 SH   SOLE   13,503 0 0
EXXON MOBIL CORP COM 30231G102 364 4,397 SH   SOLE   4,397 0 0
FACEBOOK INC CL A 30303M102 347 3,845 SH   SOLE   3,845 0 0
FAIRCHILD SEMICONDUCTOR INTL COM 303726103 196 11,500 SH   SOLE   11,500 0 0
FIRST POTOMAC RLTY TR COM 33610F109 166 15,820 SH   SOLE   15,820 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 205 13,900 SH   SOLE   13,900 0 0
FORTRESS INVESTMENT GROUP LL CL A 34958B106 446 59,800 SH   SOLE   59,800 0 0
FREEPORT-MCMORAN INC CL B 35671D857 465 27,227 SH   SOLE   27,227 0 0
GENERAL ELECTRIC CO COM 369604103 1,201 45,240 SH   SOLE   45,240 0 0
GENERAL MLS INC COM 370334104 215 3,750 SH   SOLE   3,750 0 0
GLADSTONE LD CORP COM 376549101 938 87,571 SH   SOLE   87,571 0 0
GLOBAL PMTS INC COM 37940X102 1,627 15,300 SH   SOLE   15,300 0 0
GOODYEAR TIRE & RUBR CO COM 382550101 248 8,231 SH   SOLE   8,231 0 0
GUESS INC COM 401617105 233 11,050 SH   SOLE   11,050 0 0
HANESBRANDS INC COM 410345102 913 26,685 SH   SOLE   26,685 0 0
HARLEY DAVIDSON INC COM 412822108 298 5,156 SH   SOLE   5,156 0 0
HARRIS CORP DEL COM 413875105 532 6,600 SH   SOLE   6,600 0 0
HELIX ENERGY SOLUTIONS GRP I COM 42330P107 151 11,600 SH   SOLE   11,600 0 0
HERSHEY CO COM 427866108 637 6,900 SH   SOLE   6,900 0 0
HONDA MOTOR LTD AMERN SHS 438128308 297 9,300 SH   SOLE   9,300 0 0
HUGOTON RTY TR TEX UNIT BEN INT 444717102 83 25,608 SH   SOLE   25,608 0 0
ICAHN ENTERPRISES LP DEPOSITARY UNIT 451100101 747 8,954 SH   SOLE   8,954 0 0
INGRAM MICRO INC CL A 457153104 646 26,000 SH   SOLE   26,000 0 0
INTEL CORP COM 458140100 2,420 81,579 SH   SOLE   81,579 0 0
INVESCO CALIF VALUE MUN INC COM 46132H106 177 14,327 SH   SOLE   14,327 0 0
JABIL CIRCUIT INC COM 466313103 215 10,500 SH   SOLE   10,500 0 0
JOHNSON & JOHNSON COM 478160104 776 7,813 SH   SOLE   7,813 0 0
KIMBERLY CLARK CORP COM 494368103 215 1,950 SH   SOLE   1,950 0 0
KNOWLES CORP COM 49926D109 527 27,544 SH   SOLE   27,544 0 0
KONINKLIJKE PHILIPS N V NY REG SH NEW 500472303 449 17,038 SH   SOLE   17,038 0 0
LEGG MASON INC COM 524901105 310 6,319 SH   SOLE   6,319 0 0
LEXINGTON REALTY TRUST COM 529043101 199 22,971 SH   SOLE   22,971 0 0
LIBERTY INTERACTIVE CORP QVC GP COM SER A 53071M104 446 11,178 SH   SOLE   11,178 0 0
LIBERTY INTERACTIVE CORP LBT VENT COM A 53071M880 1,195 41,884 SH   SOLE   41,884 0 0
MARSH & MCLENNAN COS INC COM 571748102 342 5,905 SH   SOLE   5,905 0 0
MCDONALDS CORP COM 580135101 517 5,251 SH   SOLE   5,251 0 0
MCGRAW HILL FINL INC COM 580645109 1,968 18,927 SH   SOLE   18,927 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 215 15,647 SH   SOLE   15,647 0 0
MERCK & CO INC NEW COM 58933Y105 1,805 31,144 SH   SOLE   31,144 0 0
METLIFE INC COM 59156R108 963 16,975 SH   SOLE   16,975 0 0
MFS CALIF MUN FD COM 59318C106 143 13,318 SH   SOLE   13,318 0 0
MICROSOFT CORP COM 594918104 2,756 60,063 SH   SOLE   60,063 0 0
MONDELEZ INTL INC CL A 609207105 1,845 44,330 SH   SOLE   44,330 0 0
MORGAN STANLEY COM NEW 617446448 496 12,439 SH   SOLE   12,439 0 0
NEW YORK CMNTY BANCORP INC COM 649445103 461 25,000 SH   SOLE   25,000 0 0
NEWELL RUBBERMAID INC COM 651229106 386 9,138 SH   SOLE   9,138 0 0
NUVEEN CAL AMT-FREE MUN INC COM 670651108 219 15,218 SH   SOLE   15,218 0 0
ONE LIBERTY PPTYS INC COM 682406103 365 16,132 SH   SOLE   16,132 0 0
PERMIAN BASIN RTY TR UNIT BEN INT 714236106 170 22,120 SH   SOLE   22,120 0 0
PFIZER INC COM 717081103 2,073 59,549 SH   SOLE   59,549 0 0
PHILLIPS 66 COM 718546104 269 3,195 SH   SOLE   3,195 0 0
POOL CORPORATION COM 73278L105 1,171 16,416 SH   SOLE   16,416 0 0
POTASH CORP SASK INC COM 73755L107 1,280 43,889 SH   SOLE   43,889 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 312 2,826 SH   SOLE   2,826 0 0
PROCTER & GAMBLE CO COM 742718109 560 6,829 SH   SOLE   6,829 0 0
PS BUSINESS PKS INC CALIF COM 69360J107 929 12,499 SH   SOLE   12,499 0 0
PUBLIC STORAGE COM 74460D109 1,181 5,984 SH   SOLE   5,984 0 0
RAYONIER INC COM 754907103 252 9,680 SH   SOLE   9,680 0 0
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 291 26,532 SH   SOLE   26,532 0 0
SCHWAB CHARLES CORP NEW COM 808513105 369 10,920 SH   SOLE   10,920 0 0
SEAGATE TECHNOLOGY PLC SHS G7945M107 765 16,000 SH   SOLE   16,000 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 1,095 14,340 SH   SOLE   14,340 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 442 17,688 SH   SOLE   17,688 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 340 6,200 SH   SOLE   6,200 0 0
SENIOR HSG PPTYS TR SH BEN INT 81721M109 606 33,600 SH   SOLE   33,600 0 0
SOUTHERN COPPER CORP COM 84265V105 309 10,612 SH   SOLE   10,612 0 0
SOUTHWEST AIRLS CO COM 844741108 365 10,750 SH   SOLE   10,750 0 0
SPROTT PHYSICAL SILVER TR TR UNIT 85207K107 125 20,800 SH   SOLE   20,800 0 0
TC PIPELINES LP UT COM LTD PRT 87233Q108 618 10,148 SH   SOLE   10,148 0 0
TEEKAY CORPORATION COM Y8564W103 200 4,660 SH   SOLE   4,660 0 0
TELETECH HOLDINGS INC COM 879939106 278 10,000 SH   SOLE   10,000 0 0
TEREX CORP NEW COM 880779103 458 19,600 SH   SOLE   19,600 0 0
THERAVANCE INC COM 88338T104 697 41,028 SH   SOLE   41,028 0 0
TIME WARNER INC COM NEW 887317303 223 2,482 SH   SOLE   2,482 0 0
TIMKENSTEEL CORP COM 887399103 1,270 53,496 SH   SOLE   53,496 0 0
TRANSOCEAN LTD REG SHS H8817H100 352 22,901 SH   SOLE   22,901 0 0
TRIPADVISOR INC COM 896945201 229 8,094 SH   SOLE   8,094 0 0
TRUSTMARK CORP COM 898402102 421 16,811 SH   SOLE   16,811 0 0
UNILEVER PLC SPON ADR NEW 904767704 276 6,100 SH   SOLE   6,100 0 0
UNISYS CORP COM NEW 909214306 441 21,325 SH   SOLE   21,325 0 0
UTI WORLDWIDE INC ORD G87210103 104 11,240 SH   SOLE   11,240 0 0
VANGUARD INDEX FDS REIT ETF 922908553 203 2,600 SH   SOLE   2,600 0 0
VANGUARD INDEX FDS MID CAP ETF 922908629 285 2,200 SH   SOLE   2,200 0 0
VANGUARD NAT RES LLC COM UNIT 92205F106 385 28,414 SH   SOLE   28,414 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 263 6,500 SH   SOLE   6,500 0 0
VANGUARD WORLD FDS ENERGY ETF 92204A306 232 2,195 SH   SOLE   2,195 0 0
VISA INC COM CL A 92826C839 2,909 41,496 SH   SOLE   41,496 0 0
W P CAREY INC COM 92936U109 567 9,375 SH   SOLE   9,375 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 1,854 19,659 SH   SOLE   19,659 0 0
WAL-MART STORES INC COM 931142103 1,646 22,330 SH   SOLE   22,330 0 0
WHEELER REAL ESTATE INVT TR COM 963025101 23 11,000 SH   SOLE   11,000 0 0
WHOLE FOODS MKT INC COM 966837106 983 24,230 SH   SOLE   24,230 0 0
WYNDHAM WORLDWIDE CORP COM 98310W108 1,031 11,989 SH   SOLE   11,989 0 0
ZIMMER BIOMET HLDGS INC COM 98956P102 385 3,588 SH   SOLE   3,588 0 0
ZOETIS INC CL A 98978V103 1,458 30,946 SH   SOLE   30,946 0 0