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
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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
BOARDWALK PIPELINE PARTNERS LP UT LTD PARTNER MLP 096627104 765 51,900 SH   SOLE 0 51,900 0 0
JOHNSON & JOHNSON COM Stock 478160104 299 2,764 SH   SOLE 0 2,764 0 0
VIASAT INC COM Stock 92552V100 379 5,152 SH   SOLE 0 5,152 0 0
ENTERPRISE PRODS PARTNERS L P COM MLP 293792107 1,221 49,596 SH   SOLE 0 49,596 0 0
FIRST TR ENERGY INCOME & GRW COM CEF 33738G104 1,166 50,000 SH   SOLE 0 50,000 0 0
ILLINOIS TOOL WKS INC COM Stock 452308109 384 3,750 SH   SOLE 0 3,750 0 0
DAVITA HEALTHCARE PARTNERS INC COM Stock 23918K108 14,446 196,872 SH   SOLE 0 196,872 0 0
PEPSICO INC COM Stock 713448108 323 3,150 SH   SOLE 0 3,150 0 0
AUTOMATIC DATA PROCESSING INC COM Stock 053015103 357 3,984 SH   SOLE 0 3,984 0 0
COLONY CAP INC CL A REIT 19624R106 10,922 651,277 SH   SOLE 0 651,277 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW Stock 084670702 826 5,822 SH   SOLE 0 5,822 0 0
MICROSOFT Stock 594918104 1,470 26,615 SH   SOLE 0 26,615 0 0
TEEKAY OFFSHORE PARTNERS L P PARTNERSHIP UN MLP Y8565J101 101 17,900 SH   SOLE 0 17,900 0 0
ALERIAN MLP ETF ETF 00162Q866 7,000 641,000 SH   SOLE 0 641,000 0 0
HUNTSMAN CORP COM Stock 447011107 6,949 522,512 SH   SOLE 0 522,512 0 0
HOWARD HUGHES CORP COM Stock 44267D107 7,492 70,748 SH   SOLE 0 70,748 0 0
KEARNY FINL CORP MD COM Stock 48716P108 9,272 750,763 SH   SOLE 0 750,763 0 0
AMERICAN INTL GROUP INC WT EXP 011921 Stock 026874156 7,215 385,835 SH   SOLE 0 385,835 0 0
MARATHON PETE CORP COM Stock 56585A102 3,190 85,794 SH   SOLE 0 85,794 0 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP MLP 559080106 202 2,940 SH   SOLE 0 2,940 0 0
ALLERGAN PLC SHS Stock G0177J108 4,553 16,988 SH   SOLE 0 16,988 0 0
OAKTREE CAP GROUP LLC UNIT CL A MLP 674001201 1,525 30,910 SH   SOLE 0 30,910 0 0
LIBERTY INTERACTIVE CORP LBT VENT COM A Stock 53071M880 3,682 94,110 SH   SOLE 0 94,110 0 0
MPLX LP COM UNIT REP LTD MLP 55336V100 571 19,239 SH   SOLE 0 19,239 0 0
KINDER MORGAN INC DEL COM Stock 49456B101 1,580 88,468 SH   SOLE 0 88,468 0 0
NUVEEN FLOATING RATE INCOME FD COM CEF 67072T108 232 23,000 SH   SOLE 0 23,000 0 0
LIBERTY MEDIA CORP DELAWARE COM A MEDIA GRP Stock 531229870 8,921 230,930 SH   SOLE 0 230,930 0 0
PBF ENERGY INC CL A Stock 69318G106 6,392 192,535 SH   SOLE 0 192,535 0 0
BLACKSTONE GROUP L P COM UNIT LTD MLP 09253U108 1,536 54,770 SH   SOLE 0 54,770 0 0
COLONY CAP INC 5% 04/15/2023 Convertible 19624RAA4 8,192 9,180,000 SH   SOLE 0 9,180,000 0 0
CULLEN FROST BANKERS INC COM Stock 229899109 681 12,364 SH   SOLE 0 12,364 0 0
MCDONALDS CORP COM Stock 580135101 377 3,000 SH   SOLE 0 3,000 0 0
NEW RESIDENTIAL INVT CORP COM NEW REIT 64828T201 4,681 402,490 SH   SOLE 0 402,490 0 0
AT&T INC COM Stock 00206R102 271 6,917 SH   SOLE 0 6,917 0 0
INTERNATIONAL BUSINESS MACHS COM Stock 459200101 379 2,502 SH   SOLE 0 2,502 0 0
SUNOCO LOGISTICS PRTNRS L P COM UNITS MLP 86764L108 516 20,600 SH   SOLE 0 20,600 0 0
PFIZER INC COM Stock 717081103 163 5,516 SH   SOLE 0 5,516 0 0
PFIZER INC COM Stock 717081103 593 20,000 SH Put SOLE 0 20,000 0 0
PFIZER INC COM Stock 717081103 593 20,000 SH Put SOLE 0 20,000 0 0
PFIZER INC COM Stock 717081103 593 20,000 SH Put SOLE 0 20,000 0 0
CATERPILLAR INC DEL COM Stock 149123101 2,437 31,839 SH   SOLE 0 31,839 0 0
PBF LOGISTICS LP UNIT LTD PTNR MLP 69318Q104 458 24,300 SH   SOLE 0 24,300 0 0
BENEFICIAL BANCORP INC COM Stock 08171T102 6,914 505,020 SH   SOLE 0 505,020 0 0
GRACE W R & CO DEL NEW COM Stock 38388F108 4,617 64,862 SH   SOLE 0 64,862 0 0
FIDELITY NATIONAL FINANCIAL IN FNF GROUP COM Stock 31620R303 6,396 188,680 SH   SOLE 0 188,680 0 0
ECHOSTAR CORP CL A Stock 278768106 339 7,660 SH   SOLE 0 7,660 0 0
LIBERTY MEDIA CORP DELAWARE COM C MEDIA GRP Stock 531229854 8,400 220,519 SH   SOLE 0 220,519 0 0
LIBERTY BROADBAND CORP COM SER A Stock 530307107 1,588 27,299 SH   SOLE 0 27,299 0 0
LIBERTY BROADBAND CORP COM SER C Stock 530307305 4,142 71,482 SH   SOLE 0 71,482 0 0
DOW CHEM CO COM Stock 260543103 521 10,250 SH   SOLE 0 10,250 0 0
EXXON MOBIL CORP COM Stock 30231G102 523 6,253 SH   SOLE 0 6,253 0 0
LOWES COS INC COM Stock 548661107 379 5,000 SH   SOLE 0 5,000 0 0
PHH CORP COM NEW Stock 693320202 4,567 364,234 SH   SOLE 0 364,234 0 0