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 CO COM 88579Y101 297 1,899 SH   SOLE   1,899 0 0
ABBOTT LABS COM 002824100 415 9,515 SH   SOLE   9,515 0 0
ABBVIE INC COM 00287Y109 487 9,515 SH   SOLE   9,515 0 0
ACE LTD SHS H0023R105 269 2,319 SH   SOLE   2,319 0 0
ADOBE SYS INC COM 00724F101 755 8,500 SH   SOLE   8,500 0 0
AES CORP COM 00130H105 183 16,865 SH   SOLE   16,865 0 0
AFLAC INC COM 001055102 286 4,500 SH   SOLE   4,500 0 0
ALCOA INC COM 013817101 394 43,656 SH   SOLE   43,656 0 0
ALLIANCEBERNSTEIN HOLDING LP UNIT LTD PARTN 01881G106 326 11,900 SH   SOLE   11,900 0 0
AMERICAN CAPITAL AGENCY CORP COM 02503X105 191 10,000 SH   SOLE   10,000 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 300 20,255 SH   SOLE   20,255 0 0
AMERICAN EXPRESS CO COM 025816109 294 3,969 SH   SOLE   3,969 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 205 12,200 SH   SOLE   12,200 0 0
ANWORTH MORTGAGE ASSET CP COM 037347101 86 17,344 SH   SOLE   17,344 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 373 9,294 SH   SOLE   9,294 0 0
APOLLO INVT CORP COM 03761U106 212 36,900 SH   SOLE   36,900 0 0
APPLE INC COM 037833100 2,940 25,400 SH   SOLE   25,400 0 0
APPLIED MATLS INC COM 038222105 319 19,815 SH   SOLE   19,815 0 0
ARROW ELECTRS INC COM 042735100 369 6,300 SH   SOLE   6,300 0 0
ASHFORD HOSPITALITY TR INC COM SHS 044103109 133 18,180 SH   SOLE   18,180 0 0
ASHLAND INC NEW COM 044209104 812 7,603 SH   SOLE   7,603 0 0
AT&T INC COM 00206R102 2,240 66,499 SH   SOLE   66,499 0 0
AVIS BUDGET GROUP COM 053774105 796 15,914 SH   SOLE   15,914 0 0
BANCO SANTANDER SA ADR 05964H105 99 17,236 SH   SOLE   17,236 0 0
BANK AMER CORP COM 060505104 369 22,457 SH   SOLE   22,457 0 0
BB&T CORP COM 054937107 311 8,312 SH   SOLE   8,312 0 0
BEACON ROOFING SUPPLY INC COM 073685109 381 10,715 SH   SOLE   10,715 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 1,599 11,630 SH   SOLE   11,630 0 0
BOEING CO COM 097023105 301 2,056 SH   SOLE   2,056 0 0
BOSTON SCIENTIFIC CORP COM 101137107 217 13,022 SH   SOLE   13,022 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 1,115 17,194 SH   SOLE   17,194 0 0
CANADIAN PAC RY LTD COM 13645T100 1,365 8,933 SH   SOLE   8,933 0 0
CARDINAL HEALTH INC COM 14149Y108 1,232 15,330 SH   SOLE   15,330 0 0
CDN IMPERIAL BK COMM TORONTO COM 136069101 247 3,206 SH   SOLE   3,206 0 0
CELGENE CORP COM 151020104 412 3,390 SH   SOLE   3,390 0 0
CHEVRON CORP NEW COM 166764100 534 5,979 SH   SOLE   5,979 0 0
CISCO SYS INC COM 17275R102 1,424 49,083 SH   SOLE   49,083 0 0
COCA COLA CO COM 191216100 1,219 28,434 SH   SOLE   28,434 0 0
COMPUTER SCIENCES CORP COM 205363104 252 3,800 SH   SOLE   3,800 0 0
CONAGRA FOODS INC COM 205887102 298 7,200 SH   SOLE   7,200 0 0
CONOCOPHILLIPS COM 20825C104 288 5,390 SH   SOLE   5,390 0 0
CORNING INC COM 219350105 680 39,380 SH   SOLE   39,380 0 0
CST BRANDS INC COM 12646R105 281 7,850 SH   SOLE   7,850 0 0
DISCOVER FINL SVCS COM 254709108 862 15,145 SH   SOLE   15,145 0 0
DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 263 9,476 SH   SOLE   9,476 0 0
DISNEY WALT CO COM DISNEY 254687106 3,537 31,331 SH   SOLE   31,331 0 0
DONNELLEY R R & SONS CO COM 257867101 484 29,050 SH   SOLE   29,050 0 0
DOVER CORP COM 260003108 718 11,238 SH   SOLE   11,238 0 0
DOW CHEM CO COM 260543103 527 10,450 SH   SOLE   10,450 0 0
EATON VANCE FLTING RATE INC COM 278279104 301 22,700 SH   SOLE   22,700 0 0
EMCOR GROUP INC COM 29084Q100 519 11,310 SH   SOLE   11,310 0 0
ENERGY TRANSFER PRTNRS L P UNIT LTD PARTN 29273R109 211 4,878 SH   SOLE   4,878 0 0
EQUITY ONE COM 294752100 358 13,503 SH   SOLE   13,503 0 0
EXXON MOBIL CORP COM 30231G102 360 4,397 SH   SOLE   4,397 0 0
FACEBOOK INC CL A 30303M102 384 3,745 SH   SOLE   3,745 0 0
FAIRCHILD SEMICONDUCTOR INTL COM 303726103 192 11,500 SH   SOLE   11,500 0 0
FIRST POTOMAC RLTY TR COM 33610F109 162 14,020 SH   SOLE   14,020 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 203 12,900 SH   SOLE   12,900 0 0
FORTRESS INVESTMENT GROUP LL CL A 34958B106 330 55,800 SH   SOLE   55,800 0 0
FREEPORT-MCMORAN INC CL B 35671D857 370 30,727 SH   SOLE   30,727 0 0
GENERAL ELECTRIC CO COM 369604103 1,332 45,048 SH   SOLE   45,048 0 0
GLADSTONE LD CORP COM 376549101 814 87,002 SH   SOLE   87,002 0 0
GLOBAL PMTS INC COM 37940X102 1,983 14,900 SH   SOLE   14,900 0 0
GOODYEAR TIRE & RUBR CO COM 382550101 258 7,831 SH   SOLE   7,831 0 0
GREEN DOT CORP CL A 39304D102 623 35,018 SH   SOLE   35,018 0 0
GUESS INC COM 401617105 229 11,050 SH   SOLE   11,050 0 0
HALLIBURTON CO COM 406216101 550 14,081 SH   SOLE   14,081 0 0
HANESBRANDS INC COM 410345102 621 23,524 SH   SOLE   23,524 0 0
HARLEY DAVIDSON INC COM 412822108 248 5,156 SH   SOLE   5,156 0 0
HARRIS CORP DEL COM 413875105 503 6,600 SH   SOLE   6,600 0 0
HELIX ENERGY SOLUTIONS GRP I COM 42330P107 70 11,800 SH   SOLE   11,800 0 0
HERSHEY CO COM 427866108 658 6,900 SH   SOLE   6,900 0 0
HONDA MOTOR LTD AMERN SHS 438128308 314 9,300 SH   SOLE   9,300 0 0
HUGOTON RTY TR TEX UNIT BEN INT 444717102 70 25,908 SH   SOLE   25,908 0 0
ICAHN ENTERPRISES LP DEPOSITARY UNIT 451100101 723 9,354 SH   SOLE   9,354 0 0
INGRAM MICRO INC CL A 457153104 761 26,000 SH   SOLE   26,000 0 0
INTEL CORP COM 458140100 2,823 81,179 SH   SOLE   81,179 0 0
INVESCO CALIF VALUE MUN INC COM 46132H106 185 14,327 SH   SOLE   14,327 0 0
JABIL CIRCUIT INC COM 466313103 239 10,500 SH   SOLE   10,500 0 0
JOHNSON & JOHNSON COM 478160104 717 7,188 SH   SOLE   7,188 0 0
KIMBERLY CLARK CORP COM 494368103 237 1,950 SH   SOLE   1,950 0 0
KNOWLES CORP COM 49926D109 578 27,694 SH   SOLE   27,694 0 0
KONINKLIJKE PHILIPS N V NY REG SH NEW 500472303 442 17,038 SH   SOLE   17,038 0 0
KRAFT HEINZ CO COM 500754106 307 3,955 SH   SOLE   3,955 0 0
LEGG MASON INC COM 524901105 286 6,319 SH   SOLE   6,319 0 0
LEXINGTON REALTY TRUST COM 529043101 203 22,636 SH   SOLE   22,636 0 0
LIBERTY INTERACTIVE CORP QVC GP COM SER A 53071M104 468 11,020 SH   SOLE   11,020 0 0
LIBERTY INTERACTIVE CORP LBT VENT COM A 53071M880 1,161 41,284 SH   SOLE   41,284 0 0
MARSH & MCLENNAN COS INC COM 571748102 327 5,905 SH   SOLE   5,905 0 0
MCDONALDS CORP COM 580135101 584 5,151 SH   SOLE   5,151 0 0
MCGRAW HILL FINL INC COM 580645109 1,728 18,202 SH   SOLE   18,202 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 165 14,247 SH   SOLE   14,247 0 0
MERCK & CO INC NEW COM 58933Y105 1,635 31,096 SH   SOLE   31,096 0 0
METLIFE INC COM 59156R108 785 15,575 SH   SOLE   15,575 0 0
MFS CALIF MUN FD COM 59318C106 150 13,318 SH   SOLE   13,318 0 0
MICROSOFT CORP COM 594918104 3,184 59,863 SH   SOLE   59,863 0 0
MONDELEZ INTL INC CL A 609207105 2,029 43,330 SH   SOLE   43,330 0 0
MORGAN STANLEY COM NEW 617446448 424 13,039 SH   SOLE   13,039 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 236 3,358 SH   SOLE   3,358 0 0
NEW YORK CMNTY BANCORP INC COM 649445103 471 25,000 SH   SOLE   25,000 0 0
NEWELL RUBBERMAID INC COM 651229106 373 8,688 SH   SOLE   8,688 0 0
NUVEEN CAL AMT-FREE MUN INC COM 670651108 229 15,218 SH   SOLE   15,218 0 0
ONE LIBERTY PPTYS INC COM 682406103 384 16,132 SH   SOLE   16,132 0 0
PERMIAN BASIN RTY TR UNIT BEN INT 714236106 139 20,320 SH   SOLE   20,320 0 0
PFIZER INC COM 717081103 2,019 59,449 SH   SOLE   59,449 0 0
PHILLIPS 66 COM 718546104 239 2,895 SH   SOLE   2,895 0 0
POOL CORPORATION COM 73278L105 1,196 14,751 SH   SOLE   14,751 0 0
POTASH CORP SASK INC COM 73755L107 956 43,889 SH   SOLE   43,889 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 253 2,246 SH   SOLE   2,246 0 0
PROCTER & GAMBLE CO COM 742718109 525 6,743 SH   SOLE   6,743 0 0
PS BUSINESS PKS INC CALIF COM 69360J107 1,063 12,499 SH   SOLE   12,499 0 0
PUBLIC STORAGE COM 74460D109 1,346 5,854 SH   SOLE   5,854 0 0
RAYONIER INC COM 754907103 221 9,680 SH   SOLE   9,680 0 0
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 228 26,532 SH   SOLE   26,532 0 0
SCHWAB CHARLES CORP NEW COM 808513105 330 10,920 SH   SOLE   10,920 0 0
SEAGATE TECHNOLOGY PLC SHS G7945M107 645 16,000 SH   SOLE   16,000 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 945 13,640 SH   SOLE   13,640 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 399 16,588 SH   SOLE   16,588 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 339 6,200 SH   SOLE   6,200 0 0
SENIOR HSG PPTYS TR SH BEN INT 81721M109 602 38,468 SH   SOLE   38,468 0 0
SOUTHERN COPPER CORP COM 84265V105 305 10,612 SH   SOLE   10,612 0 0
SOUTHWEST AIRLS CO COM 844741108 488 10,750 SH   SOLE   10,750 0 0
SPROTT PHYSICAL SILVER TR TR UNIT 85207K107 128 20,800 SH   SOLE   20,800 0 0
TC PIPELINES LP UT COM LTD PRT 87233Q108 485 9,748 SH   SOLE   9,748 0 0
TELETECH HOLDINGS INC COM 879939106 296 10,000 SH   SOLE   10,000 0 0
TEREX CORP NEW COM 880779103 387 19,500 SH   SOLE   19,500 0 0
TEXAS INSTRS INC COM 882508104 208 3,546 SH   SOLE   3,546 0 0
THERAVANCE INC COM 88338T104 342 39,700 SH   SOLE   39,700 0 0
TIMKENSTEEL CORP COM 887399103 657 55,012 SH   SOLE   55,012 0 0
TRANSOCEAN LTD REG SHS H8817H100 363 23,493 SH   SOLE   23,493 0 0
TRIPADVISOR INC COM 896945201 209 7,400 SH   SOLE   7,400 0 0
TRUSTMARK CORP COM 898402102 354 14,584 SH   SOLE   14,584 0 0
UNILEVER PLC SPON ADR NEW 904767704 277 6,100 SH   SOLE   6,100 0 0
UNISYS CORP COM NEW 909214306 297 20,971 SH   SOLE   20,971 0 0
UTI WORLDWIDE INC ORD G87210103 75 10,540 SH   SOLE   10,540 0 0
VANGUARD INDEX FDS REIT ETF 922908553 210 2,600 SH   SOLE   2,600 0 0
VANGUARD INDEX FDS MID CAP ETF 922908629 270 2,200 SH   SOLE   2,200 0 0
VANGUARD NAT RES LLC COM UNIT 92205F106 240 28,495 SH   SOLE   28,495 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 250 6,500 SH   SOLE   6,500 0 0
VISA INC COM CL A 92826C839 3,117 40,276 SH   SOLE   40,276 0 0
W P CAREY INC COM 92936U109 609 9,609 SH   SOLE   9,609 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 1,720 19,109 SH   SOLE   19,109 0 0
WAL-MART STORES INC COM 931142103 1,286 22,030 SH   SOLE   22,030 0 0
WHEELER REAL ESTATE INVT TR COM 963025101 752 381,819 SH   SOLE   381,819 0 0
WHOLE FOODS MKT INC COM 966837106 738 24,230 SH   SOLE   24,230 0 0
WYNDHAM WORLDWIDE CORP COM 98310W108 894 11,824 SH   SOLE   11,824 0 0
ZIMMER BIOMET HLDGS INC COM 98956P102 339 3,588 SH   SOLE   3,588 0 0
ZOETIS INC CL A 98978V103 1,282 30,410 SH   SOLE   30,410 0 0