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 333 1,999 SH   SOLE   1,999 0 0
ABBOTT LABS COM 002824100 398 9,515 SH   SOLE   9,515 0 0
ABBVIE INC COM 00287Y109 515 9,015 SH   SOLE   9,015 0 0
ADOBE SYS INC COM 00724F101 704 7,505 SH   SOLE   7,505 0 0
AES CORP COM 00130H105 192 16,265 SH   SOLE   16,265 0 0
AFLAC INC COM 001055102 284 4,500 SH   SOLE   4,500 0 0
ALCOA INC COM 013817101 410 42,762 SH   SOLE   42,762 0 0
ALLIANCEBERNSTEIN HOLDING LP UNIT LTD PARTN 01881G106 279 11,900 SH   SOLE   11,900 0 0
AMERICAN CAPITAL AGENCY CORP COM 02503X105 186 10,000 SH   SOLE   10,000 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 306 18,380 SH   SOLE   18,380 0 0
AMERICAN EXPRESS CO COM 025816109 233 3,794 SH   SOLE   3,794 0 0
AMERICAN FARMLAND CO COM 02589Y100 306 48,785 SH   SOLE   48,785 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 194 12,200 SH   SOLE   12,200 0 0
ANWORTH MORTGAGE ASSET CP COM 037347101 74 15,985 SH   SOLE   15,985 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 389 9,294 SH   SOLE   9,294 0 0
APOLLO INVT CORP COM 03761U106 294 52,900 SH   SOLE   52,900 0 0
APPLE INC COM 037833100 2,889 26,506 SH   SOLE   26,506 0 0
APPLIED MATLS INC COM 038222105 410 19,345 SH   SOLE   19,345 0 0
ARROW ELECTRS INC COM 042735100 406 6,300 SH   SOLE   6,300 0 0
ASHFORD HOSPITALITY TR INC COM SHS 044103109 116 18,180 SH   SOLE   18,180 0 0
ASHLAND INC NEW COM 044209104 814 7,405 SH   SOLE   7,405 0 0
AT&T INC COM 00206R102 2,562 65,402 SH   SOLE   65,402 0 0
AVIS BUDGET GROUP COM 053774105 433 15,834 SH   SOLE   15,834 0 0
BANCO SANTANDER SA ADR 05964H105 68 15,694 SH   SOLE   15,694 0 0
BANK AMER CORP COM 060505104 300 22,157 SH   SOLE   22,157 0 0
BB&T CORP COM 054937107 257 7,712 SH   SOLE   7,712 0 0
BEACON ROOFING SUPPLY INC COM 073685109 415 10,115 SH   SOLE   10,115 0 0
BERKLEY W R CORP COM 084423102 202 3,600 SH   SOLE   3,600 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 1,643 11,580 SH   SOLE   11,580 0 0
BOEING CO COM 097023105 286 2,256 SH   SOLE   2,256 0 0
BOSTON SCIENTIFIC CORP COM 101137107 238 12,634 SH   SOLE   12,634 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 963 15,074 SH   SOLE   15,074 0 0
CANADIAN PAC RY LTD COM 13645T100 1,146 8,633 SH   SOLE   8,633 0 0
CARDINAL HEALTH INC COM 14149Y108 1,256 15,330 SH   SOLE   15,330 0 0
CDN IMPERIAL BK COMM TORONTO COM 136069101 225 3,006 SH   SOLE   3,006 0 0
CELGENE CORP COM 151020104 334 3,340 SH   SOLE   3,340 0 0
CHEVRON CORP NEW COM 166764100 723 7,580 SH   SOLE   7,580 0 0
CHUBB LIMITED COM H1467J104 223 1,869 SH   SOLE   1,869 0 0
CISCO SYS INC COM 17275R102 1,274 44,758 SH   SOLE   44,758 0 0
COCA COLA CO COM 191216100 1,319 28,434 SH   SOLE   28,434 0 0
CONAGRA FOODS INC COM 205887102 321 7,200 SH   SOLE   7,200 0 0
CONOCOPHILLIPS COM 20825C104 204 5,070 SH   SOLE   5,070 0 0
CORNING INC COM 219350105 816 39,080 SH   SOLE   39,080 0 0
CST BRANDS INC COM 12646R105 299 7,798 SH   SOLE   7,798 0 0
DISCOVER FINL SVCS COM 254709108 771 15,145 SH   SOLE   15,145 0 0
DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 255 9,431 SH   SOLE   9,431 0 0
DISNEY WALT CO COM DISNEY 254687106 3,131 31,531 SH   SOLE   31,531 0 0
DONNELLEY R R & SONS CO COM 257867101 455 27,750 SH   SOLE   27,750 0 0
DOVER CORP COM 260003108 722 11,224 SH   SOLE   11,224 0 0
DOW CHEM CO COM 260543103 532 10,454 SH   SOLE   10,454 0 0
EATON VANCE FLTING RATE INC COM 278279104 299 22,700 SH   SOLE   22,700 0 0
EDISON INTL COM 281020107 201 2,798 SH   SOLE   2,798 0 0
EMCOR GROUP INC COM 29084Q100 508 10,450 SH   SOLE   10,450 0 0
ENERGY TRANSFER PRTNRS L P UNIT LTD PARTN 29273R109 319 9,878 SH   SOLE   9,878 0 0
EQUITY ONE COM 294752100 341 11,903 SH   SOLE   11,903 0 0
EXXON MOBIL CORP COM 30231G102 368 4,397 SH   SOLE   4,397 0 0
FACEBOOK INC CL A 30303M102 422 3,695 SH   SOLE   3,695 0 0
FIRST POTOMAC RLTY TR COM 33610F109 92 10,160 SH   SOLE   10,160 0 0
FITBIT INC CL A 33812L102 508 33,528 SH   SOLE   33,528 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 358 26,500 SH   SOLE   26,500 0 0
FORTRESS INVESTMENT GROUP LL CL A 34958B106 257 53,800 SH   SOLE   53,800 0 0
FREEPORT-MCMORAN INC CL B 35671D857 207 20,005 SH   SOLE   20,005 0 0
GENERAL ELECTRIC CO COM 369604103 1,448 45,561 SH   SOLE   45,561 0 0
GENERAL MLS INC COM 370334104 203 3,200 SH   SOLE   3,200 0 0
GLADSTONE LD CORP COM 376549101 1,054 104,667 SH   SOLE   104,667 0 0
GLOBAL PMTS INC COM 37940X102 1,786 27,350 SH   SOLE   27,350 0 0
GOODYEAR TIRE & RUBR CO COM 382550101 229 6,951 SH   SOLE   6,951 0 0
GREEN DOT CORP CL A 39304D102 993 43,218 SH   SOLE   43,218 0 0
GUESS INC COM 401617105 198 10,550 SH   SOLE   10,550 0 0
HALLIBURTON CO COM 406216101 424 11,871 SH   SOLE   11,871 0 0
HANESBRANDS INC COM 410345102 538 18,982 SH   SOLE   18,982 0 0
HARLEY DAVIDSON INC COM 412822108 326 6,356 SH   SOLE   6,356 0 0
HARRIS CORP DEL COM 413875105 514 6,600 SH   SOLE   6,600 0 0
HERSHEY CO COM 427866108 623 6,770 SH   SOLE   6,770 0 0
HUGOTON RTY TR TEX UNIT BEN INT 444717102 28 20,208 SH   SOLE   20,208 0 0
ICAHN ENTERPRISES LP DEPOSITARY UNIT 451100101 628 9,954 SH   SOLE   9,954 0 0
INGRAM MICRO INC CL A 457153104 934 26,000 SH   SOLE   26,000 0 0
INNOVIVA INC COM 45781M101 474 37,660 SH   SOLE   37,660 0 0
INTEL CORP COM 458140100 2,584 79,868 SH   SOLE   79,868 0 0
INVESCO CALIF VALUE MUN INC COM 46132H106 199 14,327 SH   SOLE   14,327 0 0
JABIL CIRCUIT INC COM 466313103 202 10,500 SH   SOLE   10,500 0 0
JOHNSON & JOHNSON COM 478160104 778 7,188 SH   SOLE   7,188 0 0
KIMBERLY CLARK CORP COM 494368103 262 1,950 SH   SOLE   1,950 0 0
KNOWLES CORP COM 49926D109 320 24,274 SH   SOLE   24,274 0 0
KONINKLIJKE PHILIPS N V NY REG SH NEW 500472303 466 16,307 SH   SOLE   16,307 0 0
KRAFT HEINZ CO COM 500754106 311 3,955 SH   SOLE   3,955 0 0
LEGG MASON INC COM 524901105 268 7,719 SH   SOLE   7,719 0 0
LEXINGTON REALTY TRUST COM 529043101 150 17,432 SH   SOLE   17,432 0 0
LIBERTY INTERACTIVE CORP QVC GP COM SER A 53071M104 403 10,294 SH   SOLE   10,294 0 0
LIBERTY INTERACTIVE CORP LBT VENT COM A 53071M880 1,013 40,134 SH   SOLE   40,134 0 0
MARSH & MCLENNAN COS INC COM 571748102 350 5,755 SH   SOLE   5,755 0 0
MCDONALDS CORP COM 580135101 633 5,034 SH   SOLE   5,034 0 0
MCGRAW HILL FINL INC COM 580645109 1,802 18,202 SH   SOLE   18,202 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 185 14,247 SH   SOLE   14,247 0 0
MERCK & CO INC NEW COM 58933Y105 1,619 30,600 SH   SOLE   30,600 0 0
METLIFE INC COM 59156R108 879 20,004 SH   SOLE   20,004 0 0
MFS CALIF MUN FD COM 59318C106 136 11,118 SH   SOLE   11,118 0 0
MICROSOFT CORP COM 594918104 3,199 57,913 SH   SOLE   57,913 0 0
MONDELEZ INTL INC CL A 609207105 1,642 40,936 SH   SOLE   40,936 0 0
MORGAN STANLEY COM NEW 617446448 374 14,939 SH   SOLE   14,939 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 252 3,330 SH   SOLE   3,330 0 0
NEW YORK CMNTY BANCORP INC COM 649445103 398 25,000 SH   SOLE   25,000 0 0
NEWELL RUBBERMAID INC COM 651229106 337 7,613 SH   SOLE   7,613 0 0
NUVEEN CAL AMT-FREE MUN INC COM 670651108 276 17,218 SH   SOLE   17,218 0 0
ONE LIBERTY PPTYS INC COM 682406103 362 16,132 SH   SOLE   16,132 0 0
PERMIAN BASIN RTY TR UNIT BEN INT 714236106 70 11,420 SH   SOLE   11,420 0 0
PFIZER INC COM 717081103 2,077 70,079 SH   SOLE   70,079 0 0
PHILLIPS 66 COM 718546104 225 2,595 SH   SOLE   2,595 0 0
POOL CORPORATION COM 73278L105 1,124 12,816 SH   SOLE   12,816 0 0
POTASH CORP SASK INC COM 73755L107 580 34,049 SH   SOLE   34,049 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 245 2,246 SH   SOLE   2,246 0 0
PROCTER & GAMBLE CO COM 742718109 543 6,596 SH   SOLE   6,596 0 0
PS BUSINESS PKS INC CALIF COM 69360J107 1,256 12,499 SH   SOLE   12,499 0 0
PUBLIC STORAGE COM 74460D109 1,601 5,804 SH   SOLE   5,804 0 0
QUALCOMM INC COM 747525103 1,335 26,101 SH   SOLE   26,101 0 0
RAYONIER INC COM 754907103 227 9,180 SH   SOLE   9,180 0 0
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 90 17,432 SH   SOLE   17,432 0 0
SCHWAB CHARLES CORP NEW COM 808513105 295 10,520 SH   SOLE   10,520 0 0
SEAGATE TECHNOLOGY PLC SHS G7945M107 551 16,000 SH   SOLE   16,000 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 923 13,620 SH   SOLE   13,620 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 373 16,588 SH   SOLE   16,588 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 344 6,200 SH   SOLE   6,200 0 0
SENIOR HSG PPTYS TR SH BEN INT 81721M109 673 37,640 SH   SOLE   37,640 0 0
SPROTT PHYSICAL SILVER TR TR UNIT 85207K107 129 20,800 SH   SOLE   20,800 0 0
TC PIPELINES LP UT COM LTD PRT 87233Q108 470 9,748 SH   SOLE   9,748 0 0
TELETECH HOLDINGS INC COM 879939106 278 10,000 SH   SOLE   10,000 0 0
TEREX CORP NEW COM 880779103 485 19,500 SH   SOLE   19,500 0 0
TIMKENSTEEL CORP COM 887399103 373 41,002 SH   SOLE   41,002 0 0
TOYOTA MOTOR CORP SP ADR REP2COM 892331307 482 4,535 SH   SOLE   4,535 0 0
TRANSOCEAN LTD REG SHS H8817H100 180 19,689 SH   SOLE   19,689 0 0
TRUSTMARK CORP COM 898402102 317 13,784 SH   SOLE   13,784 0 0
UNILEVER PLC SPON ADR NEW 904767704 276 6,100 SH   SOLE   6,100 0 0
UNISYS CORP COM NEW 909214306 144 18,700 SH   SOLE   18,700 0 0
VANGUARD INDEX FDS REIT ETF 922908553 218 2,600 SH   SOLE   2,600 0 0
VANGUARD INDEX FDS MID CAP ETF 922908629 267 2,200 SH   SOLE   2,200 0 0
VANGUARD NAT RES LLC COM UNIT 92205F106 23 16,000 SH   SOLE   16,000 0 0
VANGUARD WORLD FDS ENERGY ETF 92204A306 231 2,694 SH   SOLE   2,694 0 0
VISA INC COM CL A 92826C839 3,044 39,796 SH   SOLE   39,796 0 0
W P CAREY INC COM 92936U109 589 9,456 SH   SOLE   9,456 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 1,574 18,689 SH   SOLE   18,689 0 0
WAL-MART STORES INC COM 931142103 1,495 21,830 SH   SOLE   21,830 0 0
WHEELER REAL ESTATE INVT TR COM 963025101 531 424,829 SH   SOLE   424,829 0 0
WHOLE FOODS MKT INC COM 966837106 752 24,180 SH   SOLE   24,180 0 0
WYNDHAM WORLDWIDE CORP COM 98310W108 827 10,814 SH   SOLE   10,814 0 0
ZIMMER BIOMET HLDGS INC COM 98956P102 363 3,400 SH   SOLE   3,400 0 0
ZOETIS INC CL A 98978V103 1,286 29,010 SH   SOLE   29,010 0 0