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
AGNC INVT CORP COM 00123Q104 1,587 98,602 SH   SOLE   98,602 0 0
AGNC INVT CORP COM 00123Q104 727 45,192 SH   OTR 1 0 45,192 0
AMAZON COM INC COM 023135106 495 285 SH   SOLE   285 0 0
AMERICAN FIN TR INC COM CLASS A 02607T109 1,151 82,472 SH   OTR 1 0 82,472 0
AMERICAN FIN TR INC COM CLASS A 02607T109 908 65,066 SH   SOLE   65,066 0 0
AMERICAN TOWER CORP NEW COM 03027X100 221 1,000 SH   SOLE   1,000 0 0
ANNALY CAP MGMT INC COM 035710409 619 70,300 SH   SOLE   70,300 0 0
ANNALY CAP MGMT INC COM 035710409 2,198 249,765 SH   OTR 1 0 249,765 0
APOLLO COML REAL EST FIN INC COM 03762U105 356 18,587 SH   SOLE   18,587 0 0
APOLLO INVT CORP COM NEW 03761U502 408 25,343 SH   SOLE   25,343 0 0
ARBOR RLTY TR INC COM 038923108 240 20,000 SH   SOLE   20,000 0 0
ARES COML REAL ESTATE CORP COM 04013V108 237 15,534 SH   SOLE   15,534 0 0
ARMOUR RESIDENTIAL REIT INC COM NEW 042315507 229 13,700 SH   SOLE   13,700 0 0
ARMOUR RESIDENTIAL REIT INC COM NEW 042315507 1,575 94,028 SH   OTR 1 0 94,028 0
ASHFORD HOSPITALITY TR INC COM SHS 044103109 198 60,500 SH   SOLE   60,500 0 0
ASHFORD HOSPITALITY TR INC COM SHS 044103109 968 295,961 SH   OTR 1 0 295,961 0
ASHFORD INC COM 044104107 207 8,533 SH   SOLE   8,533 0 0
BIOGEN INC COM 09062X103 233 1,000 SH   SOLE   1,000 0 0
BLACKROCK CORPOR HI YLD FD I COM 09255P107 458 45,704 SH   SOLE   45,704 0 0
BLACKROCK MUNIYIELD NY QLTY COM 09255E102 318 24,361 SH   SOLE   24,361 0 0
BLACKSTONE MTG TR INC COM CL A 09257W100 430 12,000 SH   SOLE   12,000 0 0
BOSTON PROPERTIES INC COM 101121101 1,888 14,562 SH   OTR 1 0 14,562 0
BOSTON PROPERTIES INC COM 101121101 467 3,600 SH   SOLE   3,600 0 0
BP MIDSTREAM PARTNERS LP UNIT LTD PTNR 0556EL109 20,002 1,369,976 SH   OTR 1 0 1,369,976 0
BP PLC SPONSORED ADR 055622104 15,748 414,528 SH Call OTR 1 0 414,528 0
BP PLC SPONSORED ADR 055622104 1,071 28,200 SH   OTR 1 0 28,200 0
BRAEMAR HOTELS & RESORTS INC COM 10482B101 924 99,396 SH   OTR 1 0 99,396 0
BUCKEYE PARTNERS L P UNIT LTD PARTN 118230101 410 9,971 SH   OTR 1 0 9,971 0
CAPITAL ONE FINL CORP COM 14040H105 2,357 25,905 SH   OTR 1 0 25,905 0
CHIMERA INVT CORP COM NEW 16934Q208 422 21,600 SH   SOLE   21,600 0 0
CHIMERA INVT CORP COM NEW 16934Q208 3,944 201,631 SH   OTR 1 0 201,631 0
CRESTWOOD EQUITY PARTNERS LP UNIT LTD PARTNER 226344208 3,658 100,185 SH   OTR 1 0 100,185 0
DCP MIDSTREAM LP COM UT LTD PTN 23311P100 18,379 701,193 SH   OTR 1 0 701,193 0
DOMINION ENERGY INC COM 25746U109 798 9,842 SH   OTR 1 0 9,842 0
DOW INC COM 260557103 365 7,664 SH   SOLE   7,664 0 0
EATON VANCE LTD DUR INCOME F COM 27828H105 549 46,168 SH   SOLE   46,168 0 0
EATON VANCE TAX MNGD BUY WRI COM SH BEN INT 27829M103 541 34,583 SH   SOLE   34,583 0 0
EDISON INTL COM 281020107 15,305 202,933 SH   OTR 1 0 202,933 0
ELLINGTON FINANCIAL INC COM 28852N109 809 44,754 SH   SOLE   44,754 0 0
ENABLE MIDSTREAM PARTNERS LP COM UNIT RP IN 292480100 1,099 91,362 SH   OTR 1 0 91,362 0
ENERGY TRANSFER LP COM UT LTD PTN 29273V100 53,848 4,116,818 SH   OTR 1 0 4,116,818 0
ENERGY TRANSFER LP COM UT LTD PTN 29273V100 5,298 405,070 SH Call OTR 1 0 405,070 0
ENERGY TRANSFER LP COM UT LTD PTN 29273V100 492 37,580 SH   SOLE   37,580 0 0
ENLINK MIDSTREAM LLC COM UNIT REP LTD 29336T100 16,471 1,937,796 SH   OTR 1 0 1,937,796 0
ENTERPRISE PRODS PARTNERS L COM 293792107 38,415 1,344,117 SH   OTR 1 0 1,344,117 0
ENTERPRISE PRODS PARTNERS L COM 293792107 2,728 95,450 SH Call OTR 1 0 95,450 0
EQM MIDSTREAM PARTNERS LP UNIT LTD PARTN 26885B100 17,960 549,241 SH   OTR 1 0 549,241 0
ETFIS SER TR I INFRACP REIT PFD 26923G400 3,904 154,418 SH   SOLE   154,418 0 0
ETFIS SER TR I INFRAC ACT MLP 26923G103 2,554 518,112 SH   SOLE   518,112 0 0
ETFIS SER TR I VIRTUS INFRCAP 26923G822 4,332 164,457 SH   SOLE   164,457 0 0
FACEBOOK INC CL A 30303M102 356 2,000 SH   SOLE   2,000 0 0
GENESIS ENERGY L P UNIT LTD PARTN 371927104 13,962 650,316 SH   OTR 1 0 650,316 0
INVESCO ADVANTAGE MUNICIPAL SH BEN INT 46132E103 468 38,775 SH   SOLE   38,775 0 0
INVESCO MORTGAGE CAPITAL INC COM 46131B100 1,939 73,957 SH   OTR 1 0 73,957 0
INVESCO TR INVT GRADE MUNS COM 46131M106 631 49,014 SH   SOLE   49,014 0 0
INVESCO TR INVT GRADE NY MUN COM 46131T101 521 38,363 SH   SOLE   38,363 0 0
ISHARES TR U.S. REAL ES ETF 464287739 1,785 19,080 SH   OTR 1 0 19,080 0
ISHARES TR 20 YR TR BD ETF 464287432 524 3,664 SH Call OTR 1 0 3,664 0
KINDER MORGAN INC DEL COM 49456B101 5,476 265,694 SH   OTR 1 0 265,694 0
MADISON SQUARE GARDEN CO NEW CL A 55825T103 395 1,500 SH   SOLE   1,500 0 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 16,779 253,190 SH   OTR 1 0 253,190 0
MARATHON PETE CORP COM 56585A102 1,701 28,000 SH   SOLE   28,000 0 0
MARATHON PETE CORP COM 56585A102 24,553 404,166 SH   OTR 1 0 404,166 0
MARATHON PETE CORP COM 56585A102 18,717 308,100 SH Call OTR 1 0 308,100 0
MFA FINL INC COM 55272X102 96 13,000 SH   SOLE   13,000 0 0
MFA FINL INC COM 55272X102 66 9,018 SH   OTR 1 0 9,018 0
MORGAN STANLEY EM MKTS DM DE COM 617477104 231 34,999 SH   SOLE   34,999 0 0
MPLX LP COM UNIT REP LTD 55336V100 53,404 1,906,617 SH   OTR 1 0 1,906,617 0
NATIONAL RETAIL PPTYS INC COM 637417106 2,022 39,265 SH   OTR 1 0 39,265 0
NATIONAL RETAIL PPTYS INC COM 637417106 206 4,000 SH   SOLE   4,000 0 0
NEW MTN FIN CORP COM 647551100 273 20,000 SH   SOLE   20,000 0 0
NGL ENERGY PARTNERS LP COM UNIT REPST 62913M107 12,218 878,342 SH   OTR 1 0 878,342 0
NOBLE MIDSTREAM PARTNERS LP COM UNIT REPST 65506L105 476 19,735 SH   SOLE   19,735 0 0
NOBLE MIDSTREAM PARTNERS LP COM UNIT REPST 65506L105 20,347 843,556 SH   OTR 1 0 843,556 0
NUSTAR ENERGY LP UNIT COM 67058H102 16,569 585,079 SH   OTR 1 0 585,079 0
NUVEEN GLOBAL HIGH INCOME FD SHS 67075G103 313 20,100 SH   SOLE   20,100 0 0
NUVEEN NEW YORK QLT MUN INC COM 67066X107 235 17,437 SH   SOLE   17,437 0 0
ONEOK INC NEW COM 682680103 16,035 217,600 SH Call OTR 1 0 217,600 0
ORCHID IS CAP INC COM 68571X103 207 36,000 SH   SOLE   36,000 0 0
PENNSYLVANIA RL ESTATE INVT SH BEN INT 709102107 148 25,851 SH   OTR 1 0 25,851 0
PENNYMAC MTG INVT TR COM 70931T103 1,437 64,638 SH   OTR 1 0 64,638 0
PG&E CORP COM 69331C108 135 13,500 SH   SOLE   13,500 0 0
PHILLIPS 66 COM 718546104 5,831 56,944 SH   OTR 1 0 56,944 0
PHILLIPS 66 PARTNERS LP COM UNIT REP INT 718549207 9,363 165,371 SH   OTR 1 0 165,371 0
PIMCO DYNMIC CREDIT AND MRT COM SHS 72202D106 729 29,794 SH   SOLE   29,794 0 0
PIMCO INCOME STRATEGY FUND I COM 72201J104 247 23,153 SH   SOLE   23,153 0 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 42,771 2,061,229 SH   OTR 1 0 2,061,229 0
PUBLIC STORAGE COM 74460D109 47,467 193,531 SH   OTR 1 0 193,531 0
REDWOOD TR INC COM 758075402 459 28,000 SH   SOLE   28,000 0 0
RLJ LODGING TR COM 74965L101 1,974 116,173 SH   OTR 1 0 116,173 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 589 10,000 SH   SOLE   10,000 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 7,756 131,800 SH   OTR 1 0 131,800 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 412 6,361 SH   OTR 1 0 6,361 0
SEMPRA ENERGY COM 816851109 3,454 23,400 SH   OTR 1 0 23,400 0
SHELL MIDSTREAM PARTNERS L P UNIT LTD INT 822634101 11,860 579,931 SH   OTR 1 0 579,931 0
SOUTHERN CO COM 842587107 48,181 780,000 SH   OTR 1 0 780,000 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 2,656 8,950 SH Put SOLE   8,950 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 48,477 163,350 SH Call SOLE   163,350 0 0
TALLGRASS ENERGY LP CLASS A SHS 874696107 24,700 1,226,421 SH   OTR 1 0 1,226,421 0
TARGA RES CORP COM 87612G101 4,455 110,895 SH   OTR 1 0 110,895 0
TC PIPELINES LP UT COM LTD PRT 87233Q108 9,570 235,314 SH   OTR 1 0 235,314 0
UNITED STATES OIL FUND LP UNITS 91232N108 181 16,000 SH   SOLE   16,000 0 0
UNITEDHEALTH GROUP INC COM 91324P102 261 1,203 SH   SOLE   1,203 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 292 4,830 SH   OTR 1 0 4,830 0
WELLS FARGO CO NEW COM 949746101 204 4,050 SH   SOLE   4,050 0 0
WELLS FARGO CO NEW COM 949746101 1,235 24,477 SH   OTR 1 0 24,477 0
WESTERN ASSET GLB HI INCOME COM 95766B109 321 32,365 SH   SOLE   32,365 0 0
WESTERN ASSET MTG CAP CORP COM 95790D105 135 14,000 SH   SOLE   14,000 0 0
WILLIAMS COS INC DEL COM 969457100 694 28,837 SH   OTR 1 0 28,837 0