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
ADOBE SYS INC COM 00724F101 271 2,889 SH   DFND 1 2,889 0 0
ACADEMY FDS TR INNOV IBD50 FD 004006508 1,796 80,994 SH   DFND 1 80,994 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 3,470 38,407 SH   DFND 1 38,407 0 0
ALPHABET INC CAP STK CL A 02079K305 1,411 1,813 SH   DFND 1 1,813 0 0
ALPHABET INC CAP STK CL C 02079K107 1,827 2,408 SH   DFND 1 2,408 0 0
ALTRIA GROUP INC COM 02209S103 230 3,944 SH   DFND 1 3,944 0 0
AMAZON COM INC COM 023135106 218 322 SH   DFND 1 322 0 0
APPLE INC COM 037833100 373 3,539 SH   DFND 1 3,539 0 0
ARENA PHARMACEUTICALS INC COM 040047102 31 16,500 SH   DFND 1 16,500 0 0
BARCLAYS BK PLC S&P 500 VEQTOR 06740C337 1,273 9,230 SH   DFND 1 9,230 0 0
BARCLAYS BK PLC BARC ETN+SHILL 06742A669 1,159 14,254 SH   DFND 1 14,254 0 0
BLACKSTONE MTG TR INC COM CL A 09257W100 3,634 135,806 SH   DFND 1 135,806 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 247 4,107 SH   DFND 1 4,107 0 0
DIREXION SHS ETF TR DLY DEV MKT BULL 25459W789 259 5,192 SH   DFND 1 5,192 0 0
EBAY INC COM 278642103 214 7,784 SH   DFND 1 7,784 0 0
EXXON MOBIL CORP COM 30231G102 221 2,839 SH   DFND 1 2,839 0 0
FACEBOOK INC CL A 30303M102 265 2,529 SH   DFND 1 2,529 0 0
FIRST TR EXCHANGE TRADED FD DORSEY WRT 5 ETF 33738R605 1,364 58,058 SH   DFND 1 58,058 0 0
FIRST TR EXCHANGE TRADED FD FIRST TR ENH NEW 33739Q408 5,522 92,305 SH   DFND   92,305 0 0
FIRST TR US IPO INDEX FD SHS 336920103 1,046 20,452 SH   DFND 1 20,452 0 0
GRAMERCY PPTY TR COM 385002100 6,686 866,036 SH   DFND 1 866,036 0 0
HEALTHCARE RLTY TR COM 421946104 4,099 144,735 SH   DFND 1 144,735 0 0
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 5,830 222,964 SH   DFND 1 222,964 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 664 4,828 SH   DFND 1 4,828 0 0
ISHARES MSCI FRANCE ETF 464286707 413 17,048 SH   DFND 1 17,048 0 0
ISHARES MSCI JAPAN ETF 464286848 413 34,052 SH   DFND 1 34,052 0 0
ISHARES MSCI SZ CAP ETF 464286749 207 6,679 SH   DFND 1 6,679 0 0
ISHARES TR NAT AMT FREE BD 464288414 255 2,300 SH   DFND 1 2,300 0 0
ISHARES TR 1-3 YR TR BD ETF 464287457 79,361 940,746 SH   DFND 1 940,746 0 0
ISHARES TR 3-7 YR TR BD ETF 464288661 741 6,045 SH   DFND 1 6,045 0 0
ISHARES TR CORE S&P500 ETF 464287200 77,787 379,687 SH   DFND 1 379,687 0 0
ISHARES TR MSCI UTD KNGDM 46434V548 205 12,690 SH   DFND 1 12,690 0 0
ISHARES TR MSCI USAMOMFCT 46432F396 1,903 25,972 SH   DFND 1 25,972 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 61,269 544,030 SH   DFND 1 544,030 0 0
ISHARES TR SHRT TRS BD ETF 464288679 8,496 77,085 SH   DFND   77,085 0 0
ISHARES TR 7-10 Y TR BD ETF 464287440 555 5,256 SH   DFND   5,256 0 0
ISHARES TR TIPS BD ETF 464287176 511 4,653 SH   DFND   4,653 0 0
LASALLE HOTEL PPTYS COM SH BEN INT 517942108 2,580 102,536 SH   DFND 1 102,536 0 0
LEXINGTON REALTY TRUST COM 529043101 7,245 905,686 SH   DFND 1 905,686 0 0
MEDTRONIC PLC SHS G5960L103 502 6,522 SH   DFND 1 6,522 0 0
MICROSOFT CORP COM 594918104 422 7,610 SH   DFND 1 7,610 0 0
MONDELEZ INTL INC CL A 609207105 428 9,546 SH   DFND 1 9,546 0 0
NETFLIX INC COM 64110L106 292 2,556 SH   DFND 1 2,556 0 0
NEW SR INVT GROUP INC COM 648691103 2,552 258,869 SH   DFND 1 258,869 0 0
NORTHERN TR CORP COM 665859104 722 10,022 SH   DFND 1 10,022 0 0
NORTHSTAR RLTY FIN CORP COM 66704R803 5,826 342,126 SH   DFND 1 342,126 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 3,055 87,341 SH   DFND 1 87,341 0 0
ORACLE CORP COM 68389X105 463 12,677 SH   DFND 1 12,677 0 0
PAYPAL HLDGS INC COM 70450Y103 328 9,049 SH   DFND 1 9,049 0 0
PHILIP MORRIS INTL INC COM 718172109 803 9,140 SH   DFND 1 9,140 0 0
PIMCO ETF TR TTL RTN ACTV ETF 72201R775 668 6,410 SH   DFND 1 6,410 0 0
POWERSHARES ACTIVE MNG ETF T S&P500 DWNHDGE 73935B805 209 8,480 SH   DFND 1 8,480 0 0
POWERSHARES ETF TR II S&P500 LOW VOL 73937B779 1,408 36,503 SH   DFND 1 36,503 0 0
POWERSHARES ETF TR II PWRSHS SP500 LOW 73937B654 1,435 43,038 SH   DFND 1 43,038 0 0
POWERSHARES ETF TR II S&P400 LOVL PT 73937B647 1,589 46,712 SH   DFND 1 46,712 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 1,438 12,854 SH   DFND 1 12,854 0 0
PROSHARES TR PSHS ULT S&P 500 74347R107 8,869 140,785 SH   DFND 1 140,785 0 0
PROSHARES TR PSHS ULTRUSS2000 74347R842 4,189 52,941 SH   DFND 1 52,941 0 0
PROSHARES TR ULTR 7-10 TREA 74347R180 3,276 58,366 SH   DFND 1 58,366 0 0
RITE AID CORP COM 767754104 78 10,000 SH   DFND 1 10,000 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 4,387 84,950 SH   DFND 1 84,950 0 0
SALESFORCE COM INC COM 79466L302 279 3,564 SH   DFND 1 3,564 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 75,066 368,205 SH   DFND 1 368,205 0 0
SPDR SER TR SPDR RUSSEL 2000 78468R853 14,216 210,862 SH   DFND 1 210,862 0 0
SPIRIT RLTY CAP INC NEW COM 84860W102 3,489 348,196 SH   DFND 1 348,196 0 0
SSGA ACTIVE ETF TR SPDR TR TACTIC 78467V848 2,163 44,516 SH   DFND 1 44,516 0 0
STAG INDL INC COM 85254J102 5,890 319,227 SH   DFND 1 319,227 0 0
STARWOOD PPTY TR INC COM 85571B105 7,323 356,168 SH   DFND 1 356,168 0 0
STONE ENERGY CORP COM 861642106 1,181 275,259 SH   DFND 1 275,259 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 263 1,857 SH   DFND 1 1,857 0 0
UNITEDHEALTH GROUP INC COM 91324P102 484 4,111 SH   DFND 1 4,111 0 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 1,317 15,663 SH   DFND 1 15,663 0 0
VENTAS INC COM 92276F100 3,852 68,265 SH   DFND 1 68,265 0 0
W P CAREY INC COM 92936U109 2,710 45,935 SH   DFND 1 45,935 0 0
WILLIAMS COS INC DEL COM 969457100 2,413 93,895 SH   DFND 1 93,895 0 0