Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	APPLE	101,634	$22.76M	9.0%	$24.03	+109.0%	COM	037833100
AMZN	AMAZON.COM	10,316	$17.91M	7.1%	$29.54	+213.9%	COM	023135106
T	AT&T	328,030	$12.41M	4.9%	$14.60	+16.5%	COM	00206R102
STWD	STARWOOD PROPERTY TRUST INC	488,230	$11.82M	4.7%	$22.07	—	COM	85571B105
—	LEXINGTON REALTY TRUST	881,975	$9.04M	3.6%	$9.23	—	COM	529043101
HON	HONEYWELL INTL INC	53,080	$8.981M	3.6%	$124.65	+11.8%	COM	438516106
DANOY	DANONE SPONSORED ADR	504,660	$8.893M	3.5%	$15.83	—	COM	23636T100
PYPL	PAYPAL HOLDINGS INC	83,440	$8.644M	3.4%	$48.65	+125.9%	COM	70450Y103
NEE	NEXTERA ENERGY INC COM	36,200	$8.434M	3.3%	$46.25	0.0%	COM	65339F101
ALLY	ALLY FINANCIAL INC COM	250,560	$8.309M	3.3%	$16.25	+62.2%	COM	02005N100
TTWO	TAKE TWO INTERACTIVE SOFTWARE	62,450	$7.827M	3.1%	$110.42	+13.0%	COM	874054109
C	CITIGROUP INC	112,027	$7.739M	3.1%	$39.69	+36.4%	COM	172967424
BAC	BANK OF AMERICA	259,239	$7.562M	3.0%	$12.06	+103.7%	COM	060505104
GOOG	ALPHABET INC CL C	6,111	$7.449M	2.9%	$36.11	+62.7%	COM	02079K107
APD	AIR PRODUCTS & CHEMICALS	32,790	$7.275M	2.9%	$177.07	+8.7%	COM	009158106
CRM	SALESFORCE.COM INC	42,405	$6.295M	2.5%	$116.86	+28.5%	COM	79466L302
HUM	HUMANA INC	23,380	$5.978M	2.4%	$259.37	+2.2%	COM	444859102
DAL	DELTA AIR LINES INC	101,515	$5.847M	2.3%	$35.74	+58.7%	COM	247361702
ILPT	INDUSTRIAL LOGISTICS PPTYS	265,050	$5.632M	2.2%	$21.14	—	COM	456237106
GLPI	GAMING AND LEISURE PROPERTIES,	130,815	$5.002M	2.0%	$36.32	—	COM	36467J108
DHR	DANAHER CORP COM	33,612	$4.855M	1.9%	$53.20	+128.8%	COM	235851102
—	GMAC CAP TR SER A FLOATING RT	161,415	$4.231M	1.7%	$25.44	—	PFD	361860208
—	LINDE PLC	21,500	$4.165M	1.6%	$156.04	—	COM	G5494J103
CSCO	CISCO SYSTEMS	52,275	$2.583M	1.0%	$22.01	+94.4%	COM	17275R102
—	AGNC INVESTMENT CORP. SER B 7.	99,800	$2.544M	1.0%	$25.61	—	PFD	00123Q302
—	EASTERLY GOVERNMENT PROPERTIES	106,475	$2.268M	0.9%	$21.30	—	COM	27616P103
—	GOLDMAN SACHS GROUP INC. PFD S	79,410	$2.108M	0.8%	$26.77	—	PFD	38148B504
—	MORGAN STANLEY PFD SER G 6.625	81,350	$2.071M	0.8%	$26.09	—	PFD	61762V507
—	CITIGROUP INC PFD SER K 6.875	66,300	$1.863M	0.7%	$28.02	—	PFD	172967341
—	HERSHA HOSPITALITY TRUST	116,350	$1.731M	0.7%	$16.84	—	COM	427825500
—	HERSHA HOSPITALITY TRUST SER D	65,275	$1.616M	0.6%	$23.79	—	PFD	427825609
INCY	INCYTE	21,500	$1.595M	0.6%	$74.68	+8.2%	COM	45337C102
URGN	UROGEN PHARMA LTD	66,300	$1.58M	0.6%	$41.24	-20.7%	COM	M96088105
—	KKR & CO INC SER A 6.75	58,900	$1.574M	0.6%	$26.58	—	PFD	48251W203
—	VORNADO REALTY SER M 5.25	58,450	$1.511M	0.6%	$22.44	—	PFD	929042828
MDGL	MADRIGAL PHARMACEUTICALS INC	16,341	$1.409M	0.6%	$28.00	+235.1%	COM	558868105
—	THL CREDIT INC	204,419	$1.39M	0.5%	$9.86	—	COM	872438106
—	AT&T INC 5.35	47,350	$1.304M	0.5%	$25.02	—	PFD	00206R300
—	TELEPHONE & DATA SYSTEMS INC P	49,050	$1.233M	0.5%	$25.31	—	PFD	879433837
MSFT	MICROSOFT	8,362	$1.163M	0.5%	$58.11	+123.6%	COM	594918104
CMCSA	COMCAST CL A	25,600	$1.154M	0.5%	$28.30	+32.5%	COM	20030N101
—	BANK OF AMERICA CORP SER Y 6.5	44,300	$1.115M	0.4%	$26.32	—	PFD	060505310
—	ATLAS AIR WORLDWIDE HOLDINGS I	44,050	$1.111M	0.4%	$47.09	—	COM	049164205
MPC	MARATHON PETROLEUM CORP	17,710	$1.076M	0.4%	$40.62	+6.1%	COM	56585A102
—	STAG INDUSTRIAL PFD SER C 6.87	39,415	$1.03M	0.4%	$26.33	—	PFD	85254J409
—	JP MORGAN CHASE & CO 6.15 09	39,450	$1.025M	0.4%	$26.01	—	PFD	48127V827
—	NEW MEDIA INVESTMENT GROUP INC	114,350	$1.007M	0.4%	$16.04	—	COM	64704V106
—	UNITED STATES CELLULAR CORP PF	38,725	$981K	0.4%	$25.33	—	PFD	911684405
COST	COSTCO WHSL	3,350	$965K	0.4%	$91.39	+180.5%	COM	22160K105
ALLO	ALLOGENE THERAPEUTICS INC	34,995	$954K	0.4%	$27.16	+4.9%	COM	019770106
GLD	SPDR GOLD TRUST	5,450	$757K	0.3%	$136.28	—	COM	78463V107
—	BGC PARTNERS INC	134,250	$738K	0.3%	$8.44	—	COM	05541T101
VICR	VICOR CORP	24,655	$728K	0.3%	$41.61	-25.8%	COM	925815102
FCX	FREEPORT MCMORAN, INC. CL B	75,750	$725K	0.3%	$11.09	-14.2%	COM	35671D857
FTCHQ	FARFETCH LIMITED CLASS A	73,755	$637K	0.3%	$23.08	-37.9%	COM	30744W107
—	COLONY CAPITAL INC PFD SER I 7	27,550	$633K	0.3%	$22.98	—	PFD	19626G603
—	BANK OF AMERICA SER HH 5.875	22,800	$628K	0.2%	$25.67	—	PFD	060505195
BRK/A	BERKSHIRE HATHAWAY DEL CL A	2	$624K	0.2%	$165023.42	+87.5%	COM	084670108
—	CAI INTL INC RED PFD SER B 8.5	23,475	$603K	0.2%	$25.18	—	PFD	12477X304
MRK	MERCK & CO INC	7,150	$602K	0.2%	$30.29	+116.2%	COM	58933Y105
—	PEBBLEBROOK HOTEL TR PFD SER C	22,810	$589K	0.2%	$25.74	—	PFD	70509V407
GOOS	CANADA GOOSE HOLDINGS INC	12,975	$571K	0.2%	$42.51	-1.7%	COM	135086106
—	WELLS FARGO REAL EST INVT CORP	22,200	$564K	0.2%	$25.80	—	PFD	94988N207
RY	ROYAL BANK OF CANADA	6,931	$563K	0.2%	$56.09	+39.2%	COM	780087102
MPLX	MPLX LP	19,050	$534K	0.2%	$35.30	—	COM	55336V100
JNJ	JOHNSON & JOHNSON	3,750	$485K	0.2%	$75.24	+46.2%	COM	478160104
—	MONMOUTH REAL ESTATE PFD SER C	18,250	$457K	0.2%	$24.39	—	PFD	609720404
—	COLONY CAPITAL INC PFD SER J 7	19,200	$445K	0.2%	$23.18	—	PFD	19626G504
—	AMERICAN HOMES 4 RENT G 5.875	14,300	$377K	0.1%	$21.33	—	PFD	02665T876
MCD	MCDONALDS	1,750	$376K	0.1%	$94.04	+96.5%	COM	580135101
—	QEP RESOURCES	100,000	$370K	0.1%	$6.33	—	COM	74733V100
—	PLYMOUTH INDL REIT 7.5 QTLY 1	13,800	$362K	0.1%	$25.61	—	PFD	729640201
—	AMERICAN HOMES 4 RENT E 6.35	13,300	$354K	0.1%	$26.88	—	PFD	02665T801
—	SL GREEN REALTY CORP PFD I 6.5	12,800	$333K	0.1%	$26.02	—	PFD	78440X507
CI	CIGNA CORP	2,150	$326K	0.1%	$190.77	-22.0%	COM	125523100
—	CAI INTL INC RED PERP PFD SER	11,750	$301K	0.1%	$25.62	—	PFD	12477X205
—	LIBERTY MEDIA CORP SIRIUSXM GR	7,028	$295K	0.1%	$30.88	—	COM	531229607
VZ	VERIZON COMMUNICATIONS	4,790	$289K	0.1%	$33.42	+21.0%	COM	92343V104
DIS	WALT DISNEY COMPANY HOLDING	2,103	$274K	0.1%	$96.08	+39.7%	COM	254687106
—	GENERAL ELECTRIC	30,500	$273K	0.1%	$10.15	—	COM	369604103
—	FORTRESS BIOTECH INC	177,500	$250K	0.1%	$1.36	—	COM	34960Q109
EPD	ENTERPRISE PRODUCTS PARTNERS L	8,500	$243K	0.1%	$24.59	—	COM	293792107
ULBI	ULTRALIFE BATTERIES	17,928	$155K	0.1%	$6.21	+37.7%	COM	903899102
—	QURATE RETAIL INC QVC GROUP CO	11,044	$114K	0.0%	$21.23	—	COM	74915M100
—	DENBURY RES INC COM NEW	60,000	$71,000	0.0%	$1.24	—	COM	247916208
—	AK STEEL HLDG CORP	29,100	$66,000	0.0%	$5.17	—	COM	001547108
—	SOLENO THERAPEUTICS INC COM	32,250	$48,000	0.0%	$2.17	—	COM	834203200
OPK	OPKO HEALTH INC COM	11,000	$23,000	0.0%	$8.53	-76.0%	COM	68375N103
—	GRIFFIN MINING LTD	15,000	$16,000	0.0%	$1.20	—	COM	G31920104
—	BLACKHAWK CAP GROUP BDC	24,000	$0	0.0%	—	—	COM	09236T103
BRCOQ	BEARD	13,800	$0	0.0%	$0.00	+95.9%	COM	07384R408