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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
BANK OF AMERICA SER HH 5.875 PFD 060505195   291 11,780 SH   SOLE   11,580 0 0
BRAEMAR HOTELS & RESORTS PFD S PFD 10482B309   679 27,300 SH   SOLE   27,300 0 0
CHATHAM LODGING TRUST SER A 6. PFD 16208T201   241 12,700 SH   SOLE   12,700 0 0
CITIGROUP INC PFD SER K 6.875 PFD 172967341   703 27,770 SH   SOLE   27,670 0 0
COMPASS DIVERSIFIED HLDGS PFD PFD 20451Q302   2,611 99,441 SH   SOLE   99,441 0 0
COMPASS DIVERSIFIED HLDGS PFD PFD 20451Q401   2,282 88,700 SH   SOLE   88,500 0 0
FORTRESS BIOTECH PFD SER A 9.3 PFD 34960Q208   262 15,000 SH   SOLE   15,000 0 0
GREEN BRICK PARTNERS PFD SER A PFD 392709200   1,419 73,900 SH   SOLE   73,900 0 0
JACKSON FINANCIAL 8 PREFERRED PFD 46817M206   239 9,600 SH   SOLE   9,600 0 0
LINCOLN NATIONAL CO PFD SER CL PFD 534187885   900 33,500 SH   SOLE   33,500 0 0
NEXTERA ENERGY INC CORPORATE U PFD 65339F739   1,210 24,685 SH   SOLE   24,685 0 0
PEBBLEBROOK HOTEL TR PFD SER G PFD 70509V803   758 40,550 SH   SOLE   40,550 0 0
PEBBLEBROOK HOTEL TR PFD SER H PFD 70509V886   1,308 75,200 SH   SOLE   75,200 0 0
QURATE RETAIL INC PFD SER A 8 PFD 74915M308   206 5,500 SH   SOLE   5,500 0 0
RLJ LODGING TRUST PFD SER A 7. PFD 74965L200   1,029 42,700 SH   SOLE   42,500 0 0
TEXTAINER GROUP HOLDINGS SER A PFD 88314W204   2,597 108,000 SH   SOLE   108,000 0 0
TEXTAINER GROUP HOLDINGS SER B PFD 88314W303   853 41,650 SH   SOLE   41,450 0 0
UNITED STATES CELLULAR CORP SE PFD 911684702   471 28,100 SH   SOLE   28,100 0 0
VORNADO REALTY SER N 5.25 PFD 929042810   262 17,500 SH   SOLE   17,500 0 0
ADVANCED MICRO DEVICES INC COM COM 007903107   11,864 104,155 SH   SOLE   104,155 0 0
ALERIAN MLP ETF COM 00162Q452   5,527 140,955 SH   SOLE   140,955 0 0
ALLOGENE THERAPEUTICS INC COM 019770106   78 15,750 SH   SOLE   15,750 0 0
ALPHABET INC CAP STK CL A COM 02079K305   255 2,131 SH   SOLE   2,131 0 0
ALPHABET INC CL C COM 02079K107   14,623 120,885 SH   SOLE   120,785 0 0
AMAZON.COM COM 023135106   17,981 137,935 SH   SOLE   137,835 0 0
APPLE COM 037833100   61,723 318,211 SH   SOLE   318,111 0 0
AVENUE THERAPEUTICS INC COM 05360L205   29 25,000 SH   SOLE   25,000 0 0
AXON ENTERPRISE INC COM 05464C101   585 3,000 SH   SOLE   3,000 0 0
BANK OF AMERICA COM 060505104   7,003 244,094 SH   SOLE   243,794 0 0
BERKSHIRE HATHAWAY DEL CL A COM 084670108   518 1 SH   SOLE   1 0 0
BLACKSTONE MORTGAGE TRUST INC COM 09257W100   7,692 369,625 SH   SOLE   369,325 0 0
BLACKSTONE SECURED LENDING FUN COM 09261X102   8,288 302,940 SH   SOLE   302,490 0 0
BOEING COM 097023105   11,891 56,313 SH   SOLE   56,313 0 0
BRAEMAR HOTELS & RESORTS INC C COM 10482B101   143 35,500 SH   SOLE   35,500 0 0
CHUBB LTD COM H1467J104   3,923 20,374 SH   SOLE   20,374 0 0
CIGNA GROUP COM 125523100   10,475 37,329 SH   SOLE   37,329 0 0
CITIGROUP INC COM 172967424   1,047 22,738 SH   SOLE   22,738 0 0
COSTCO WHOLESALE CORP COM 22160K105   1,332 2,475 SH   SOLE   2,475 0 0
COTY INC COM 222070203   3,312 269,500 SH   SOLE   269,500 0 0
DANAHER CORP COM COM 235851102   2,398 9,993 SH   SOLE   9,952 0 0
DSG GLOBAL INC COM 23340C203   2 100,000 SH   SOLE   100,000 0 0
ENHABIT INC COM 29332G102   330 28,700 SH   SOLE   28,700 0 0
ENTERPRISE PRODUCTS PARTNERS L COM 293792107   224 8,500 SH   SOLE   8,500 0 0
FORTRESS BIOTECH INC COM 34960Q109   640 1,164,500 SH   SOLE   1,164,500 0 0
FREEPORT MCMORAN, INC. CL B COM 35671D857   5,898 147,450 SH   SOLE   147,450 0 0
GALAXY DIGITAL HLDGS COM G37092106   104 24,000 SH   SOLE   24,000 0 0
GAMING AND LEISURE PROPERTIES, COM 36467J108   4,580 94,513 SH   SOLE   94,310 0 0
GOLDMAN SACHS BDC INC COM 38147U107   2,953 213,075 SH   SOLE   213,075 0 0
GOLUB CAPITAL BDC INC COM 38173M102   1,296 96,030 SH   SOLE   96,030 0 0
HONEYWELL INTL INC COM 438516106   364 1,756 SH   SOLE   1,756 0 0
HUMANA INC COM 444859102   391 875 SH   SOLE   850 0 0
INCYTE COM 45337C102   405 6,500 SH   SOLE   6,500 0 0
INTRA-CELLULAR THERAPIES INC. COM 46116X101   222 3,500 SH   SOLE   3,500 0 0
JOHNSON & JOHNSON COM 478160104   537 3,246 SH   SOLE   3,246 0 0
JP MORGAN CHASE & CO COM 46625H100   300 2,063 SH   SOLE   2,063 0 0
LAB CORP OF AMERICA COM 50540R409   2,336 9,678 SH   SOLE   9,653 0 0
LINDE PLC NEW COM G54950103   7,715 20,246 SH   SOLE   20,246 0 0
LVMH MOET HENNESSY LOUIS VUITT COM 502441306   6,923 36,764 SH   SOLE   36,764 0 0
LXP INDUSTRIAL TRUST COM 529043101   3,994 409,660 SH   SOLE   408,760 0 0
MADRIGAL PHARMACEUTICALS INC COM 558868105   1,501 6,500 SH   SOLE   6,500 0 0
MCDONALDS COM 580135101   530 1,776 SH   SOLE   1,776 0 0
MGM RESORTS INTERNATIONAL COM 552953101   9,496 216,220 SH   SOLE   216,220 0 0
MICROSOFT COM 594918104   14,690 43,137 SH   SOLE   43,137 0 0
NEW YORK COMMUNITY BANCORP COM 649445103   2,434 216,550 SH   SOLE   216,550 0 0
NEXTERA ENERGY INC COM COM 65339F101   9,526 128,380 SH   SOLE   128,240 0 0
NOVO-NORDISK A/S-SPONS ADR COM 670100205   4,041 24,970 SH   SOLE   24,970 0 0
PAYPAL HOLDINGS INC COM 70450Y103   3,723 55,790 SH   SOLE   55,790 0 0
PEPSICO INC COM 713448108   380 2,050 SH   SOLE   2,050 0 0
PFIZER COM 717081103   5,009 136,555 SH   SOLE   136,555 0 0
PROCTER & GAMBLE COM 742718109   256 1,690 SH   SOLE   1,690 0 0
REGENERON PHARMACEUTICALS COM 75886F107   1,628 2,266 SH   SOLE   2,266 0 0
ROYAL BANK OF CANADA COM 780087102   14,819 155,157 SH   SOLE   155,157 0 0
RTX CORP COM 75513E101   6,387 65,203 SH   SOLE   65,188 0 0
SALESFORCE INC. COM 79466L302   1,086 5,140 SH   SOLE   5,140 0 0
SPDR GOLD TRUST COM 78463V107   2,603 14,602 SH   SOLE   14,602 0 0
ULTRALIFE BATTERIES COM 903899102   48 10,000 SH   SOLE   10,000 0 0
UROGEN PHARMA LTD COM M96088105   344 33,250 SH   SOLE   33,250 0 0
VANGUARD RUSSELL 1000 GROWTH I COM 92206C680   1,663 23,500 SH   SOLE   23,500 0 0
ZSCALER COM 98980G102   1,744 11,920 SH   SOLE   11,920 0 0