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
BANK OF AMERICA SER HH 5.875 PFD 060505195 394 16,875 SH   SOLE   16,675 0 0
BRAEMAR HOTELS & RESORTS PFD S PFD 10482B309 698 28,075 SH   SOLE   28,075 0 0
CHATHAM LODGING TRUST SER A 6. PFD 16208T201 335 16,150 SH   SOLE   16,150 0 0
CITIGROUP INC PFD SER K 6.875 PFD 172967341 1,116 43,545 SH   SOLE   43,445 0 0
COMPASS DIVERSIFIED HLDGS PFD PFD 20451Q302 1,747 70,040 SH   SOLE   70,040 0 0
COMPASS DIVERSIFIED HLDGS PFD PFD 20451Q401 2,062 83,550 SH   SOLE   83,350 0 0
CTO REALTY GROWTH SER A 6.375 PFD 22948Q200 385 17,550 SH   SOLE   17,350 0 0
FORD MOTOR COMPANY SER B 6.20 PFD 345370845 848 34,800 SH   SOLE   34,800 0 0
FORTRESS BIOTECH PFD SER A 9.3 PFD 34960Q208 1,164 62,000 SH   SOLE   62,000 0 0
GREEN BRICK PARTNERS PFD SER A PFD 392709200 396 19,300 SH   SOLE   19,300 0 0
NEXTERA ENERGY INC CORPORATE U PFD 65339F739 1,247 25,685 SH   SOLE   25,685 0 0
PEBBLEBROOK HOTEL TR PFD SER G PFD 70509V803 219 11,700 SH   SOLE   11,700 0 0
PEBBLEBROOK HOTEL TR PFD SER H PFD 70509V886 1,136 67,400 SH   SOLE   67,400 0 0
QURATE RETAIL INC PFD SER A 8 PFD 74915M308 615 13,500 SH   SOLE   13,500 0 0
RLJ LODGING TRUST PFD SER A 7. PFD 74965L200 1,563 63,600 SH   SOLE   63,400 0 0
SL GREEN REALTY CORP PFD I 6.5 PFD 78440X507 226 10,400 SH   SOLE   10,400 0 0
TELEPHONE & DATA SYSTEMS SER U PFD 879433787 1,811 90,760 SH   SOLE   90,760 0 0
TEXTAINER GROUP HOLDINGS SER A PFD 88314W204 2,591 114,650 SH   SOLE   114,650 0 0
TEXTAINER GROUP HOLDINGS SER B PFD 88314W303 891 44,575 SH   SOLE   44,375 0 0
UNITED STATES CELLULAR CORP SE PFD 911684702 760 36,650 SH   SOLE   36,650 0 0
ADVANCED MICRO DEVICES INC COM COM 007903107 3,847 60,710 SH   SOLE   60,710 0 0
ALERIAN MLP ETF COM 00162Q452 5,015 137,175 SH   SOLE   137,175 0 0
ALLOGENE THERAPEUTICS INC COM 019770106 251 23,250 SH   SOLE   23,250 0 0
ALPHABET INC CL C COM 02079K107 12,384 128,795 SH   SOLE   128,095 0 0
AMAZON.COM COM 023135106 18,863 166,930 SH   SOLE   166,350 0 0
APPLE COM 037833100 47,306 342,300 SH   SOLE   341,000 0 0
AXON ENTERPRISE INC COM 05464C101 347 3,000 SH   SOLE   3,000 0 0
BANK OF AMERICA COM 060505104 8,245 273,004 SH   SOLE   270,704 0 0
BERKSHIRE HATHAWAY DEL CL A COM 084670108 406 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 2,105 90,200 SH   SOLE   89,900 0 0
BLACKSTONE SECURED LENDING FUN COM 09261X102 3,131 137,680 SH   SOLE   137,230 0 0
BRAEMAR HOTELS & RESORTS INC C COM 10482B101 437 101,700 SH   SOLE   101,700 0 0
CARDINAL HEALTH INC COM 14149Y108 200 3,000 SH   SOLE   3,000 0 0
CARRIER GLOBAL CORP COM 14448C104 665 18,690 SH   SOLE   18,690 0 0
CIGNA CORP COM 125523100 9,827 35,415 SH   SOLE   35,415 0 0
CITIGROUP INC COM 172967424 1,341 32,188 SH   SOLE   32,188 0 0
COSTCO WHOLESALE CORP COM 22160K105 1,171 2,480 SH   SOLE   2,480 0 0
COTY INC COM 222070203 2,481 392,550 SH   SOLE   392,550 0 0
DANAHER CORP COM COM 235851102 2,721 10,535 SH   SOLE   10,494 0 0
DSG GLOBAL INC COM 23340C203 6 100,000 SH   SOLE   100,000 0 0
EASTERLY GOVERNMENT PROPERTIES COM 27616P103 788 49,975 SH   SOLE   49,975 0 0
ENTERPRISE PRODUCTS PARTNERS L COM 293792107 202 8,500 SH   SOLE   8,500 0 0
FIRST EAGLE ALTERNATIVE CAP BD COM 26943B100 229 80,000 SH   SOLE   80,000 0 0
FORTRESS BIOTECH INC COM 34960Q109 724 841,500 SH   SOLE   841,500 0 0
FREEPORT MCMORAN, INC. CL B COM 35671D857 5,007 183,195 SH   SOLE   183,195 0 0
GALAXY DIGITAL HLDGS COM G37092106 175 41,000 SH   SOLE   41,000 0 0
GAMING AND LEISURE PROPERTIES, COM 36467J108 5,486 124,012 SH   SOLE   123,809 0 0
GOLDMAN SACHS BDC INC COM 38147U107 1,740 120,400 SH   SOLE   120,400 0 0
GOLUB CAPITAL BDC INC COM 38173M102 1,495 120,640 SH   SOLE   120,640 0 0
HONEYWELL INTL INC COM 438516106 426 2,554 SH   SOLE   2,554 0 0
HUMANA INC COM 444859102 473 975 SH   SOLE   950 0 0
INCYTE COM 45337C102 533 8,000 SH   SOLE   8,000 0 0
JOHNSON & JOHNSON COM 478160104 549 3,363 SH   SOLE   3,363 0 0
LAB CORP OF AMERICA COM 50540R409 8,698 42,470 SH   SOLE   41,735 0 0
LINDE PLC COM G5494J103 5,458 20,246 SH   SOLE   31 0 0
LVMH MOET HENNESSY LOUIS VUITT COM 502441306 4,661 38,969 SH   SOLE   38,969 0 0
LXP INDUSTRIAL TRUST COM 529043101 5,902 644,360 SH   SOLE   643,460 0 0
MADRIGAL PHARMACEUTICALS INC COM 558868105 422 6,500 SH   SOLE   6,500 0 0
MCDONALDS COM 580135101 410 1,776 SH   SOLE   1,776 0 0
MGM RESORTS INTERNATIONAL COM 552953101 8,462 284,725 SH   SOLE   284,725 0 0
MICROSOFT COM 594918104 12,450 53,456 SH   SOLE   52,806 0 0
NEW YORK COMMUNITY BANCORP COM 649445103 2,580 302,475 SH   SOLE   302,475 0 0
NEXTERA ENERGY INC COM COM 65339F101 9,257 118,056 SH   SOLE   115,916 0 0
OGE ENERGY CORP COM 670837103 273 7,500 SH   SOLE   7,500 0 0
ORASURE TECHNOLOGIES COM 68554V108 210 55,400 SH   SOLE   55,400 0 0
PAYPAL HOLDINGS INC COM 70450Y103 5,986 69,545 SH   SOLE   69,545 0 0
PEPSICO INC COM 713448108 335 2,050 SH   SOLE   2,050 0 0
PROCTER & GAMBLE COM 742718109 264 2,090 SH   SOLE   2,090 0 0
REGENERON PHARMACEUTICALS COM 75886F107 1,641 2,382 SH   SOLE   2,382 0 0
ROYAL BANK OF CANADA COM 780087102 464 5,157 SH   SOLE   5,157 0 0
SALESFORCE INC. COM 79466L302 3,790 26,350 SH   SOLE   26,350 0 0
SL GREEN REALTY CORP COM 78440X887 3,049 75,920 SH   SOLE   75,920 0 0
SOUTHERN COMPANY COM 842587107 626 9,200 SH   SOLE   9,200 0 0
SPDR GOLD TRUST COM 78463V107 2,723 17,602 SH   SOLE   17,602 0 0
STAG INDUSTRIAL INC COM 85254J102 307 10,800 SH   SOLE   10,800 0 0
STARWOOD PROPERTY TRUST INC COM 85571B105 228 12,500 SH   SOLE   12,500 0 0
TAKE TWO INTERACTIVE SOFTWARE COM 874054109 3,045 27,935 SH   SOLE   27,935 0 0
ULTRALIFE BATTERIES COM 903899102 84 17,500 SH   SOLE   17,500 0 0
UROGEN PHARMA LTD COM M96088105 277 33,250 SH   SOLE   33,250 0 0
VANGUARD RUSSELL 1000 GROWTH I COM 92206C680 1,274 23,500 SH   SOLE   23,500 0 0
VEEVA SYSTEMS INC COM 922475108 247 1,499 SH   SOLE   1,499 0 0
WARBY PARKER INC COM 93403J106 304 22,800 SH   SOLE   22,800 0 0
ZSCALER COM 98980G102 6,350 38,635 SH   SOLE   38,635 0 0