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 INVESTMENT CORP PFD SER D PFD 00123Q609 320 12,750 SH   SOLE   12,750 0 0
AGNC INVESTMENT CORP SER F 6.1 PFD 00123Q872 1,290 55,300 SH   SOLE   55,100 0 0
AT&T INC 5.35 PFD 00206R300 202 8,000 SH   SOLE   8,000 0 0
BANK OF AMERICA SER HH 5.875 PFD 060505195 460 18,000 SH   SOLE   17,800 0 0
BRAEMAR HOTELS & RESORTS PFD S PFD 10482B309 570 22,375 SH   SOLE   22,375 0 0
CHATHAM LODGING TRUST SER A 6. PFD 16208T201 557 22,850 SH   SOLE   22,650 0 0
CITIGROUP INC PFD SER K 6.875 PFD 172967341 1,416 53,725 SH   SOLE   53,625 0 0
COMPASS DIVERSIFIED HLDGS PFD PFD 20451Q302 1,818 70,640 SH   SOLE   70,640 0 0
COMPASS DIVERSIFIED HLDGS PFD PFD 20451Q401 2,093 80,775 SH   SOLE   80,575 0 0
CTO REALTY GROWTH SER A 6.375 PFD 22948Q200 519 20,650 SH   SOLE   20,450 0 0
FORD MOTOR COMPANY SER B 6.20 PFD 345370845 1,899 73,950 SH   SOLE   73,950 0 0
FORTRESS BIOTECH PFD SER A 9.3 PFD 34960Q208 2,289 95,460 SH   SOLE   95,460 0 0
NEXTERA ENERGY INC CORPORATE U PFD 65339F739 1,643 31,270 SH   SOLE   31,270 0 0
PEBBLEBROOK HOTEL TR PFD SER G PFD 70509V803 240 9,700 SH   SOLE   9,700 0 0
PEBBLEBROOK HOTEL TR PFD SER H PFD 70509V886 626 27,600 SH   SOLE   27,600 0 0
QURATE RETAIL INC PFD SER A 8 PFD 74915M308 1,335 15,525 SH   SOLE   15,525 0 0
RLJ LODGING TRUST PFD SER A 7. PFD 74965L200 1,968 71,450 SH   SOLE   71,250 0 0
SL GREEN REALTY CORP PFD I 6.5 PFD 78440X507 288 11,400 SH   SOLE   11,400 0 0
TELEPHONE & DATA SYSTEMS SER U PFD 879433787 2,582 104,350 SH   SOLE   104,350 0 0
TEXTAINER GROUP HOLDINGS SER A PFD 88314W204 2,622 98,400 SH   SOLE   98,400 0 0
TEXTAINER GROUP HOLDINGS SER B PFD 88314W303 872 36,625 SH   SOLE   36,425 0 0
UNITED STATES CELLULAR CORP SE PFD 911684702 1,060 42,350 SH   SOLE   42,350 0 0
WELLS FARGO & CO PFD SER CL A PFD 94988U128 1,021 46,300 SH   SOLE   46,100 0 0
ADVANCED MICRO DEVICES INC COM COM 007903107 10,982 100,440 SH   SOLE   100,440 0 0
ALERIAN MLP ETF COM 00162Q452 5,155 134,600 SH   SOLE   134,600 0 0
ALLOGENE THERAPEUTICS INC COM 019770106 212 23,250 SH   SOLE   23,250 0 0
ALPHABET INC CAP STK CL A COM 02079K305 256 92 SH   SOLE   92 0 0
ALPHABET INC CL C COM 02079K107 17,375 6,221 SH   SOLE   6,201 0 0
AMAZON.COM COM 023135106 29,568 9,070 SH   SOLE   9,041 0 0
APPLE COM 037833100 63,350 362,807 SH   SOLE   361,107 0 0
AVANGRID INC COM 05351W103 1,292 27,650 SH   SOLE   27,650 0 0
AXON ENTERPRISE INC COM 05464C101 413 3,000 SH   SOLE   3,000 0 0
BANK OF AMERICA COM 060505104 10,007 242,769 SH   SOLE   239,229 0 0
BERKSHIRE HATHAWAY DEL CL A COM 084670108 529 1 SH   SOLE   1 0 0
BLACKHAWK CAP GROUP BDC COM 09236T103 0 24,000 SH   SOLE   24,000 0 0
BLACKSTONE MORTGAGE TRUST INC COM 09257W100 954 30,025 SH   SOLE   29,875 0 0
BLACKSTONE SECURED LENDING FUN COM 09261X102 987 35,400 SH   SOLE   35,200 0 0
BRAEMAR HOTELS & RESORTS INC C COM 10482B101 371 60,000 SH   SOLE   60,000 0 0
CARRIER GLOBAL CORP COM 14448C104 952 20,765 SH   SOLE   20,765 0 0
CIGNA CORP COM 125523100 9,352 39,030 SH   SOLE   39,030 0 0
CITIGROUP INC COM 172967424 1,483 27,763 SH   SOLE   27,763 0 0
COMCAST CL A COM 20030N101 272 5,800 SH   SOLE   5,800 0 0
COSTCO WHSL COM 22160K105 1,981 3,440 SH   SOLE   3,440 0 0
COTY INC COM 222070203 2,794 310,800 SH   SOLE   310,800 0 0
CSX CORP COM 126408103 2,479 66,185 SH   SOLE   66,185 0 0
DANAHER CORP COM COM 235851102 3,297 11,240 SH   SOLE   11,199 0 0
DSG GLOBAL INC COM 23340C203 8 100,000 SH   SOLE   100,000 0 0
EASTERLY GOVERNMENT PROPERTIES COM 27616P103 6,237 295,025 SH   SOLE   286,225 0 0
ENTERPRISE PRODUCTS PARTNERS L COM 293792107 219 8,500 SH   SOLE   8,500 0 0
FIRST EAGLE ALTERNATIVE CAP BD COM 26943B100 374 85,000 SH   SOLE   85,000 0 0
FORTRESS BIOTECH INC COM 34960Q109 976 717,750 SH   SOLE   717,750 0 0
FREEPORT MCMORAN, INC. CL B COM 35671D857 8,257 166,000 SH   SOLE   166,000 0 0
GALAXY DIGITAL HLDGS COM G37092106 290 17,000 SH   SOLE   17,000 0 0
GAMING AND LEISURE PROPERTIES, COM 36467J108 5,999 127,830 SH   SOLE   127,627 0 0
GENERAL MOTORS CO COM 37045V100 2,754 62,970 SH   SOLE   62,970 0 0
GOLDMAN SACHS BDC INC COM 38147U107 2,359 120,300 SH   SOLE   120,300 0 0
GOLUB CAPITAL BDC INC COM 38173M102 2,198 144,500 SH   SOLE   144,500 0 0
HOME DEPOT COM 437076102 207 690 SH   SOLE   690 0 0
HONEYWELL INTL INC COM 438516106 516 2,654 SH   SOLE   2,654 0 0
HUMANA INC COM 444859102 433 995 SH   SOLE   970 0 0
INCYTE COM 45337C102 705 8,875 SH   SOLE   8,875 0 0
INDUSTRIAL LOGISTICS PPTYS COM 456237106 1,454 64,125 SH   SOLE   63,825 0 0
INTRA-CELLULAR THERAPIES INC. COM 46116X101 214 3,500 SH   SOLE   3,500 0 0
JOHNSON & JOHNSON COM 478160104 634 3,575 SH   SOLE   3,575 0 0
JP MORGAN CHASE & CO COM 46625H100 282 2,070 SH   SOLE   2,070 0 0
LABORATORY CORP AMER HLDS COM 50540R409 11,288 42,813 SH   SOLE   42,078 0 0
LINDE PLC COM G5494J103 6,457 20,215 SH   SOLE   20,215 0 0
LVMH MOET HENNESSY LOUIS VUITT COM 502441306 8,855 61,274 SH   SOLE   61,274 0 0
LXP INDUSTRIAL TRUST COM 529043101 8,271 526,810 SH   SOLE   525,910 0 0
MADRIGAL PHARMACEUTICALS INC COM 558868105 981 10,000 SH   SOLE   10,000 0 0
MCDONALDS COM 580135101 433 1,750 SH   SOLE   1,750 0 0
MGM RESORTS INTERNATIONAL COM 552953101 8,988 214,300 SH   SOLE   214,300 0 0
MICROSOFT COM 594918104 17,162 55,666 SH   SOLE   55,016 0 0
NEW YORK COMMUNITY BANCORP COM 649445103 3,483 324,925 SH   SOLE   324,925 0 0
NEXTERA ENERGY INC COM COM 65339F101 10,139 119,690 SH   SOLE   117,150 0 0
OGE ENERGY CORP COM 670837103 394 9,650 SH   SOLE   9,650 0 0
ORASURE TECHNOLOGIES COM 68554V108 104 15,400 SH   SOLE   15,400 0 0
PARAMOUNT GROUP, INC. COM 69924R108 136 12,500 SH   SOLE   12,500 0 0
PAYPAL HOLDINGS INC COM 70450Y103 12,784 110,537 SH   SOLE   109,787 0 0
PEPSICO INC COM 713448108 343 2,050 SH   SOLE   2,050 0 0
PNM RESOURCES INC COM 69349H107 286 6,000 SH   SOLE   6,000 0 0
PROCTER & GAMBLE COM 742718109 309 2,025 SH   SOLE   2,025 0 0
REGENERON PHARMACEUTICALS COM 75886F107 2,528 3,619 SH   SOLE   3,619 0 0
ROYAL BANK OF CANADA COM 780087102 569 5,157 SH   SOLE   5,157 0 0
SALESFORCE INC. COM 79466L302 5,683 26,765 SH   SOLE   26,765 0 0
SEA LTD COM 81141R100 624 5,210 SH   SOLE   5,210 0 0
SOUTHERN COMPANY COM 842587107 932 12,850 SH   SOLE   12,850 0 0
SPDR GOLD TRUST COM 78463V107 3,270 18,102 SH   SOLE   18,102 0 0
STAG INDUSTRIAL INC COM 85254J102 1,000 24,175 SH   SOLE   24,175 0 0
STARWOOD PROPERTY TRUST INC COM 85571B105 305 12,600 SH   SOLE   12,600 0 0
TAKE TWO INTERACTIVE SOFTWARE COM 874054109 5,250 34,150 SH   SOLE   34,150 0 0
ULTRALIFE BATTERIES COM 903899102 64 12,000 SH   SOLE   12,000 0 0
UNION PACIFIC COM 907818108 2,491 9,119 SH   SOLE   9,119 0 0
UNITEDHEALTH GROUP INC COM 91324p102 204 400 SH   SOLE   400 0 0
UROGEN PHARMA LTD COM M96088105 290 33,250 SH   SOLE   33,250 0 0
VEEVA SYSTEMS INC COM 922475108 1,920 9,039 SH   SOLE   9,039 0 0
WALMART COM 931142103 341 2,290 SH   SOLE   2,290 0 0
WARBY PARKER INC COM 93403J106 1,504 44,485 SH   SOLE   44,485 0 0
ZSCALER COM 98980G102 10,040 41,610 SH   SOLE   41,610 0 0