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 COMPANY COM 88579Y101 803 3,660 SH   DFND 1 3,660 0 0
ABBVIE INC COM 00287Y109 226 2,389 SH   DFND 1 2,389 0 0
ACCENTURE PLC IRELAND CLASS SH SHS CLASS A G1151C101 1,326 8,640 SH   DFND 1 8,640 0 0
ACTIVISION BLIZZARD INC COM 00507V109 1,039 15,395 SH   DFND 1 15,395 0 0
ADOBE SYSTEMS INC DELAWA COM 00724F101 1,458 6,749 SH   DFND 1 6,749 0 0
AETNA INC NEW COM 00817Y108 280 1,656 SH   DFND 1 1,656 0 0
ALTRIA GROUP INC COM COM 02209S103 317 5,084 SH   DFND 1 5,084 0 0
AMAZON COM INC COM COM 023135106 549 379 SH   DFND 1 379 0 0
ANSYS INC COM 03662Q105 228 1,457 SH   DFND 1 1,457 0 0
ANTHEM INC COM 036752103 377 1,717 SH   DFND 1 1,717 0 0
APPLE INC COM COM 037833100 1,665 9,924 SH   DFND 1 9,924 0 0
AT&T INC COM COM 00206R102 449 12,586 SH   DFND 1 12,586 0 0
AUTODESK INC COM 052769106 520 4,142 SH   DFND 1 4,142 0 0
AUTOMATIC DATA PROCES COM 053015103 1,185 10,442 SH   DFND 1 10,442 0 0
BANK OF AMERICA CORPORATION CO COM 060505104 458 15,277 SH   DFND 1 15,277 0 0
BARCLAYS BK PLC S&P 500 VEQTOR S&P 500 VEQTOR 06740C337 324 1,970 SH   DFND 1 1,970 0 0
BECTON DICKINSON & COMPAN COM 075887109 245 1,131 SH   DFND 1 1,131 0 0
BERKSHIRE HATHAWAY INC SERIES CL B NEW 084670702 573 2,873 SH   DFND 1 2,873 0 0
BLACKSTONE MORTGAGE TRUST INC COM CL A 09257W100 1,693 53,873 SH   DFND 1 53,873 0 0
BOEING CO COM COM 097023105 1,054 3,215 SH   DFND 1 3,215 0 0
CADENCE DESIGN SYSTEM COM 127387108 207 5,634 SH   DFND 1 5,634 0 0
CATERPILLAR INC COM 149123101 543 3,681 SH   DFND 1 3,681 0 0
CHECK POINT SOFTWARE TECHNO COM M22465104 312 3,136 SH   DFND 1 3,136 0 0
CHEVRON CORP NEW COM COM 166764100 605 5,304 SH   DFND 1 5,304 0 0
CHURCH & DWIGHT INC COM COM 171340102 403 8,000 SH   DFND 1 8,000 0 0
CIGNA CORPORATION COM COM 125509109 216 1,289 SH   DFND 1 1,289 0 0
CISCO SYS INC COM COM 17275R102 599 13,966 SH   DFND 1 13,966 0 0
CITIGROUP INC COM NEW COM NEW 172967424 266 3,944 SH   DFND 1 3,944 0 0
CITRIX SYSTEMS INC COM 177376100 306 3,302 SH   DFND 1 3,302 0 0
COCA-COLA COMPANY COM 191216100 479 11,019 SH   DFND 1 11,019 0 0
COGNIZANT TECHNOLOGY SOLUTI CL A 192446102 1,130 14,035 SH   DFND 1 14,035 0 0
COLONY NORTHSTAR INC CL A COM 19625W104 856 152,389 SH   DFND 1 152,389 0 0
COMCAST CORP NEW CL A CL A 20030N101 269 7,861 SH   DFND 1 7,861 0 0
COSTAR GROUP INC COM COM 22160N109 248 683 SH   DFND 1 683 0 0
DANAHER CORP COM 235851102 318 3,249 SH   DFND 1 3,249 0 0
DB-X TRACKERS MSCI ETF EAFE HE MSCI ETF EAFE 233051200 373 12,145 SH   DFND 12,145 0 0
DHT HOLDINGS INC SHS NEW Y2065G121 1,537 452,166 SH   DFND 1 452,166 0 0
DISNEY WALT CO COM DISNEY COM DISNEY 254687106 416 4,146 SH   DFND 1 4,146 0 0
DOLLAR GEN CORP NEW COM COM 256677105 225 2,405 SH   DFND 1 2,405 0 0
DowDuPont Inc COM 26078J100 605 9,491 SH   DFND 1 9,491 0 0
DXC TECHNOLOGY COMPANY COM 23355l106 645 6,414 SH   DFND 1 6,414 0 0
DYCOM INDS INC COM COM 267475101 227 2,106 SH   DFND 1 2,106 0 0
EBAY INC COM COM 278642103 918 22,821 SH   DFND 1 22,821 0 0
ELECTRONIC ARTS INC COM 285512109 680 5,609 SH   DFND 1 5,609 0 0
ENERGY SELECT ETF SECTOR SPD ETF SECTOR SPD 81369Y506 442 6,550 SH   DFND 1 6,550 0 0
EXXON MOBIL CORP COM 30231G102 680 9,111 SH   DFND 1 9,111 0 0
FACEBOOK INC CL A CL A 30303M102 1,489 9,320 SH   DFND 1 9,320 0 0
FEDEX CORP COM COM 31428X106 496 2,067 SH   DFND 1 2,067 0 0
FINANCIAL SELECTETF SECTOR SPD SECTOR SPD 81369Y605 443 16,065 SH   DFND 1 16,065 0 0
FIRST TR EXCHANGE TRADED FD II UTILITIES ALPH 33734X184 220 8,656 SH   DFND 8,656 0 0
FIRST TRUST ETF FINANCIAL FINLS ALPHADEX 33734X135 215 6,936 SH   DFND 6,936 0 0
FIRST TRUST CONSUMERETF DISCRE CONSUMR DISCRE 33734X101 215 5,245 SH   DFND 5,245 0 0
FIRST TRUST ENERGY ETF ALPHA ENERGY ALPHADX 33734X127 216 15,003 SH   DFND 15,003 0 0
FIRST TRUST MATERIAL ETF ALPHA MATERIALS ALPH 33734X168 215 5,086 SH   DFND 5,086 0 0
GARTNER INC COM 366651107 219 1,864 SH   DFND 1 1,864 0 0
GENERAL ELECTRIC CO COM COM 369604103 576 42,698 SH   DFND 1 42,698 0 0
GENERAL GROWTH PPTYS INCNEW COM 36174X101 1,337 65,326 SH   DFND 1 65,326 0 0
GOLDMAN SACHS GROUP INC COM COM 38141G104 347 1,378 SH   DFND 1 1,378 0 0
GOOGLE INC A CAP STK CL A 02079k305 1,370 1,321 SH   DFND 1 1,321 0 0
GOOGLE INC CL C CAP STK CL C 02079k107 1,393 1,350 SH   DFND 1 1,350 0 0
GRAMERCY PROPERTY TRUST INC COM NEW 385002308 1,379 63,474 SH   DFND 1 63,474 0 0
HOME DEPOT INC COM 437076102 567 3,180 SH   DFND 1 3,180 0 0
HONEYWELL INTL INC COM 438516106 531 3,674 SH   DFND 1 3,674 0 0
HOSPITALITY PPTYS TR COM SH BE COM SH BEN INT 44106M102 1,600 63,133 SH   DFND 1 63,133 0 0
InfraCap MLP ETF INFRAC ACT MLP 26923G103 3,386 494,968 SH   DFND 1 494,968 0 0
INTEL CORP COM COM 458140100 690 13,251 SH   DFND 1 13,251 0 0
INTERNATIONAL BUSINESS MACHIN COM 459200101 1,579 10,294 SH   DFND 1 10,294 0 0
INTUIT COM COM 461202103 798 4,601 SH   DFND 1 4,601 0 0
ISHARES MBS ET MBS ETF 464288588 687 6,561 SH   DFND 6,561 0 0
ISHARES CORE S&P TOTAL U.S. ST S&P TOTAL U.S. ST 464287150 992 16,403 SH   DFND 16,403 0 0
ISHARES DOW JONES U S BASIC US BASIC 464287838 2,861 29,777 SH   DFND 1 29,777 0 0
ISHARES EMU ETF MSCI EURZONE ETF 464286608 541 12,486 SH   DFND 1 12,486 0 0
iShares MSCI Canada ETF Canada ETF 464286509 268 9,739 SH   DFND 1 9,739 0 0
ISHARES MSCI PACIFIC ETF EX-JA PACIFIC ETF EX-JA 464286665 267 5,751 SH   DFND 1 5,751 0 0
ISHARES MSCI SWITZERLND CAPPED MSCI SZ CAP ETF 464286749 386 11,231 SH   DFND 1 11,231 0 0
ISHARES MSCI UNITED KINGDO UNITED KINGDO 46435G334 231 6,636 SH   DFND 1 6,636 0 0
ISHARES TR 1-3 YR TR BD ETF 1-3 YR TR BD ETF 464287457 497 5,948 SH   DFND 1 5,948 0 0
ISHARES TR 3 7 YR TREAS BD 3-7 YR TR BD ETF 464288661 24,348 201,855 SH   DFND 1 201,855 0 0
ISHARES TR 7-10YR TR BD ETF 7-10YR TR BD ETF 464287440 39,166 379,550 SH   DFND 1 379,550 0 0
ISHARES TR CORE S&P MCP ETF CORE S&P MCP ETF 464287507 343 1,829 SH   DFND 1 1,829 0 0
ISHARES TR CORE S&P500 ETF CORE S&P500 ETF 464287200 19,650 74,047 SH   DFND 1 74,047 0 0
ISHARES TR CORE US AGGBD ET CORE US AGGBD ET 464287226 1,411 13,156 SH   DFND 13,156 0 0
ISHARES TR MSCI EAFE ETF MSCI EAFE ETF 464287465 377 5,412 SH   DFND 5,412 0 0
ISHARES TR MSCI EMG MKT ETF MSCI EMG MKT ETF 464287234 542 11,222 SH   DFND 1 11,222 0 0
ISHARES TR RUSSELL 2000 ETF RUSSELL 2000 ETF 464287655 340 2,238 SH   DFND 1 2,238 0 0
JOHNSON & JOHNSON COM 478160104 600 4,683 SH   DFND 1 4,683 0 0
JPMORGAN CHASE & CO COM COM 46625H100 592 5,383 SH   DFND 1 5,383 0 0
LANDMARK INFRASTRUCTURE LP COM COM 51508J108 2,748 165,047 SH   DFND 1 165,047 0 0
LAS VEGAS SANDS CORP COM COM 517834107 285 3,963 SH   DFND 1 3,963 0 0
LEXINGTON REALTY TRUST COM 529043101 1,754 222,808 SH   DFND 1 222,808 0 0
LKQ CORP COM COM 501889208 242 6,389 SH   DFND 1 6,389 0 0
LOCKHEED MARTIN CORP COM 539830109 423 1,252 SH   DFND 1 1,252 0 0
MASTERCARD INC CLASS A CL A 57636Q104 1,549 8,842 SH   DFND 1 8,842 0 0
MCDONALDS CORP COM 580135101 374 2,392 SH   DFND 1 2,392 0 0
MEDTRONIC INC COM SHS g5960l103 718 8,955 SH   DFND 1 8,955 0 0
MERCADOLIBRE INC COM COM 58733R102 566 1,587 SH   DFND 1 1,587 0 0
MERCK & COMPANY INC NEW COM 58933Y105 289 5,300 SH   DFND 1 5,300 0 0
MICROSOFT CORP COM COM 594918104 1,769 19,377 SH   DFND 1 19,377 0 0
NETFLIX.COM INC COM 64110L106 1,352 4,578 SH   DFND 1 4,578 0 0
NEW RESIDENTIAL INVESTMENT COR COM NEW 64828T201 4,721 286,973 SH   DFND 1 286,973 0 0
New Senior Investment Group In COM 648691103 1,854 226,609 SH   DFND 1 226,609 0 0
NIKE INC CL B COM 654106103 224 3,365 SH   DFND 1 3,365 0 0
NORTHSTAR REALTY EUR COM 66706l101 1,488 114,283 SH   DFND 1 114,283 0 0
NUANCE COMMUNICATION INC COM 67020Y100 217 13,806 SH   DFND 1 13,806 0 0
NVIDIA CORP COM COM 67066G104 331 1,430 SH   DFND 1 1,430 0 0
OMEGA HEALTHCARE INVEST COM 681936100 1,080 39,940 SH   DFND 1 39,940 0 0
ORACLE CORP COM 68389X105 1,401 30,615 SH   DFND 1 30,615 0 0
PALO ALTO NETWORKS COM 697435105 371 2,046 SH   DFND 1 2,046 0 0
Paypal Holdings Inc COM 70450Y103 1,183 15,586 SH   DFND 1 15,586 0 0
PEPSICO INC COM 713448108 408 3,740 SH   DFND 1 3,740 0 0
PFIZER INC COM 717081103 379 10,693 SH   DFND 1 10,693 0 0
PHILIP MORRIS INTL INC COM COM 718172109 409 4,113 SH   DFND 1 4,113 0 0
PIMCO ETF TR ACTIVE BD ETF ACTIVE BD ETF 72201R775 426 4,085 SH   DFND 1 4,085 0 0
POWERSHARES ETF TR II PWRSHS S PWRSHS SP500 LOW 73937B654 1,143 28,990 SH   DFND 1 28,990 0 0
POWERSHARES ETF TR II S&P400 L S&P400 LOVL PT 73937B647 766 17,100 SH   DFND 1 17,100 0 0
PROCTER & GAMBLE COMPANY COM 742718109 602 7,596 SH   DFND 1 7,596 0 0
PROSHARES TR PSHS ULT S&P 500 PSHS ULT S&P 500 74347R107 4,866 46,130 SH   DFND 1 46,130 0 0
PROSHARES TR ULTR 7-10 TREA ULTR 7-10 TREA 74347R180 10,464 190,772 SH   DFND 1 190,772 0 0
QUALCOMM INC COM 747525103 205 3,703 SH   DFND 1 3,703 0 0
RED HAT INC COM 756577102 450 3,009 SH   DFND 1 3,009 0 0
RITE AID CORP COM COM 767754104 17 10,000 SH   DFND 1 10,000 0 0
SALESFORCE COM INC COM COM 79466L302 1,222 10,510 SH   DFND 1 10,510 0 0
SELECT SECTOR SPDR FD CONSUMER SPDR FD CONSUMER 81369Y407 438 4,321 SH   DFND 1 4,321 0 0
SELECT SECTOR SPDR FD MATERIAL SPDR FD MATERIAL 81369Y100 443 7,781 SH   DFND 1 7,781 0 0
SELECT SECTOR SPDR TR SBI INT- SPDR TR SBI INT 81369Y886 451 8,933 SH   DFND 1 8,933 0 0
SERVICENOW INC COM 81762P102 547 3,308 SH   DFND 1 3,308 0 0
SIMON PPTY GROUP INC NEW COM COM 828806109 1,160 7,518 SH   DFND 1 7,518 0 0
SPDR DOW JONES INDL AVRG ETF U UT SER 1 78467X109 2,323 9,624 SH   DFND 1 9,624 0 0
SPDR S&P 500 ETF TR TR UNIT TR UNIT 78462F103 1,899 7,218 SH   DFND 1 7,218 0 0
SPIRIT REALTY CAP INC NEW COM 84860W102 1,416 182,514 SH   DFND 1 182,514 0 0
SPLUNK INC COM COM 848637104 250 2,543 SH   DFND 1 2,543 0 0
STARWOOD PPTY TR INC COM COM 85571B105 2,717 129,674 SH   DFND 1 129,674 0 0
STRYKER CORP COM COM 863667101 237 1,474 SH   DFND 1 1,474 0 0
SYMANTEC CORP COM COM 871503108 300 11,614 SH   DFND 1 11,614 0 0
SYNOPSYS CORP COM 871607107 254 3,057 SH   DFND 1 3,057 0 0
TAUBMAN CENTERS INC COM 876664103 1,400 24,608 SH   DFND 1 24,608 0 0
TEEKAY CORPORATION COM COM Y8564W103 2,721 336,399 SH   DFND 1 336,399 0 0
TEXAS INSTRS INC COM COM 882508104 252 2,428 SH   DFND 1 2,428 0 0
THERMO FISHER SCIENT COM 883556102 569 2,757 SH   DFND 1 2,757 0 0
TOTAL SYS SVCS INC COM COM 891906109 331 3,838 SH   DFND 1 3,838 0 0
TWITTER INC COM COM 90184L102 451 15,555 SH   DFND 1 15,555 0 0
UNION PACIFIC CORP COM 907818108 514 3,827 SH   DFND 1 3,827 0 0
UNITED PARCEL SERVICE INC CL CL B 911312106 348 3,327 SH   DFND 1 3,327 0 0
UNITED TECHNOLOGIES CORP COM 913017109 582 4,624 SH   DFND 1 4,624 0 0
UNITEDHEALTH GROUP INC COM 91324P102 1,521 7,107 SH   DFND 1 7,107 0 0
VEREIT, Inc COM 92339V100 1,348 193,722 SH   DFND 1 193,722 0 0
VERISK ANALYTICS INC CLASS COM 92345Y106 357 3,428 SH   DFND 1 3,428 0 0
VERIZON COMMUNICATIONS INC COM COM 92343V104 436 9,127 SH   DFND 1 9,127 0 0
VISA INC COM CL A COM CL A 92826C839 1,772 14,817 SH   DFND 1 14,817 0 0
VMWARE INC CLASS A COM 928563402 221 1,820 SH   DFND 1 1,820 0 0
WAL-MART STORES INC COM COM 931142103 435 4,889 SH   DFND 1 4,889 0 0
WELLS FARGO & CO COM COM 949746101 342 6,516 SH   DFND 1 6,516 0 0
WORKDAY INC CLASS A COM 98138H101 268 2,108 SH   DFND 1 2,108 0 0
YANDEX NV SHS CLASS A COM N97284108 252 6,380 SH   DFND 1 6,380 0 0