Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	APPLE INC	148,298	$43.55M	3.5%	$24.01	+158.3%	COM	037833100
EQIX	EQUINIX INC	69,480	$40.55M	3.2%	$359.93	+39.3%	COM	29444U700
MSFT	MICROSOFT CORP	253,914	$40.04M	3.2%	$52.38	+165.8%	COM	594918104
AMZN	AMAZON COM INC	17,542	$32.41M	2.6%	$24.28	+264.6%	COM	023135106
JPM	JPMORGAN CHASE & CO	180,403	$25.15M	2.0%	$70.43	+54.3%	COM	46625H100
—	LIBERTY PPTY TR	416,199	$24.99M	2.0%	$46.69	—	SH BEN INT	531172104
UNH	UNITEDHEALTH GROUP INC	79,016	$23.23M	1.8%	$187.87	+25.9%	COM	91324P102
CCI	CROWN CASTLE INTL CORP NEW	162,758	$23.14M	1.8%	$57.85	+80.1%	COM	22822V101
GOOG	ALPHABET INC	17,173	$22.96M	1.8%	$37.13	+72.5%	CAP STK CL C	02079K107
AVB	AVALONBAY CMNTYS INC	107,494	$22.54M	1.8%	$113.94	+51.4%	COM	053484101
SBAC	SBA COMMUNICATIONS CORP NEW	92,064	$22.19M	1.8%	$161.44	+35.9%	CL A	78410G104
SRE	SEMPRA ENERGY	139,244	$21.09M	1.7%	$36.75	+63.2%	COM	816851109
AMT	AMERICAN TOWER CORP NEW	88,745	$20.39M	1.6%	$89.81	+104.7%	COM	03027X100
CPT	CAMDEN PPTY TR	177,477	$18.83M	1.5%	$52.29	+71.5%	SH BEN INT	133131102
META	FACEBOOK INC	91,654	$18.81M	1.5%	$77.56	+148.0%	CL A	30303M102
BXP	BOSTON PROPERTIES INC	135,609	$18.7M	1.5%	$77.80	+27.6%	COM	101121101
SPY	SPDR S&P 500 ETF TR	57,391	$18.47M	1.5%	$35602.92	—	TR UNIT	78462F103
V	VISA INC	96,963	$18.22M	1.5%	$81.07	+112.8%	COM CL A	92826C839
VNQI	VANGUARD INTL EQUITY INDEX F	306,450	$18.11M	1.4%	$59.44	—	GLB EX US ETF	922042676
INVH	INVITATION HOMES INC	549,008	$16.45M	1.3%	$18.34	+37.0%	COM	46187W107
DIS	DISNEY WALT CO	111,042	$16.06M	1.3%	$98.96	+37.1%	COM DISNEY	254687106
KRC	KILROY RLTY CORP	188,259	$15.79M	1.3%	$66.68	—	COM	49427F108
DEI	DOUGLAS EMMETT INC	359,525	$15.78M	1.3%	$39.57	—	COM	25960P109
WM	WASTE MGMT INC DEL	136,992	$15.61M	1.2%	$50.55	+101.9%	COM	94106L109
C	CITIGROUP INC	184,835	$14.77M	1.2%	$52.93	+12.0%	COM NEW	172967424
TMO	THERMO FISHER SCIENTIFIC INC	45,299	$14.72M	1.2%	$124.43	+139.8%	COM	883556102
COST	COSTCO WHSL CORP NEW	49,133	$14.44M	1.1%	$122.38	+121.9%	COM	22160K105
LOW	LOWES COS INC	119,282	$14.29M	1.1%	$71.77	+42.6%	COM	548661107
CRM	SALESFORCE COM INC	86,902	$14.13M	1.1%	$119.82	+29.3%	COM	79466L302
AZN	ASTRAZENECA PLC	281,574	$14.04M	1.1%	$39.30	—	SPONSORED ADR	046353108
KO	COCA COLA CO	253,579	$14.04M	1.1%	$37.24	+19.5%	COM	191216100
PG	PROCTER & GAMBLE CO	109,476	$13.67M	1.1%	$72.22	+45.7%	COM	742718109
CMCSA	COMCAST CORP NEW	301,305	$13.55M	1.1%	$31.16	+21.5%	CL A	20030N101
MDT	MEDTRONIC PLC	119,427	$13.55M	1.1%	$75.93	+21.9%	SHS	G5960L103
AXP	AMERICAN EXPRESS CO	108,166	$13.47M	1.1%	$62.43	+76.4%	COM	025816109
JNJ	JOHNSON & JOHNSON	91,383	$13.33M	1.1%	$77.28	+47.6%	COM	478160104
AVGO	BROADCOM INC	41,745	$13.19M	1.1%	$19.80	+30.8%	COM	11135F101
XOM	EXXON MOBIL CORP	188,014	$13.12M	1.0%	$50.90	+2.3%	COM	30231G102
EMR	EMERSON ELEC CO	171,400	$13.07M	1.0%	$46.51	+35.1%	COM	291011104
AMH	AMERICAN HOMES 4 RENT	487,506	$12.78M	1.0%	$22.26	—	CL A	02665T306
DG	DOLLAR GEN CORP NEW	81,590	$12.73M	1.0%	$108.30	+34.8%	COM	256677105
HST	HOST HOTELS & RESORTS INC	680,555	$12.62M	1.0%	$13.18	+5.1%	COM	44107P104
COLD	AMERICOLD RLTY TR	359,563	$12.61M	1.0%	$25.78	—	COM	03064D108
TJX	TJX COS INC NEW	205,329	$12.54M	1.0%	$45.98	+18.8%	COM	872540109
SPG	SIMON PPTY GROUP INC NEW	83,855	$12.49M	1.0%	$100.33	+6.2%	COM	828806109
CAT	CATERPILLAR INC DEL	84,206	$12.44M	1.0%	$106.11	+15.9%	COM	149123101
NOC	NORTHROP GRUMMAN CORP	35,996	$12.38M	1.0%	$263.67	+20.5%	COM	666807102
NVS	NOVARTIS A G	130,532	$12.36M	1.0%	$82.55	—	SPONSORED ADR	66987V109
KMB	KIMBERLY CLARK CORP	85,258	$11.73M	0.9%	$109.68	-0.8%	COM	494368103
ESS	ESSEX PPTY TR INC	38,818	$11.68M	0.9%	$155.04	+63.6%	COM	297178105
HON	HONEYWELL INTL INC	63,368	$11.22M	0.9%	$106.38	+35.3%	COM	438516106
REXR	REXFORD INDL RLTY INC	245,210	$11.2M	0.9%	$28.27	—	COM	76169C100
CSCO	CISCO SYS INC	233,470	$11.2M	0.9%	$35.08	+9.9%	COM	17275R102
HLT	HILTON WORLDWIDE HLDGS INC	95,615	$10.61M	0.8%	$76.38	+29.5%	COM	43300A203
JCI	JOHNSON CTLS INTL PLC	252,831	$10.29M	0.8%	$37.01	+0.2%	SHS	G51502105
GOOGL	ALPHABET INC	7,495	$10.04M	0.8%	$46.69	+37.1%	CAP STK CL A	02079K305
DD	DUPONT DE NEMOURS INC	153,588	$9.86M	0.8%	$26.39	-7.1%	COM	26614N102
FANG	DIAMONDBACK ENERGY INC	104,868	$9.738M	0.8%	$80.74	-19.7%	COM	25278X109
BAC	BANK AMER CORP	273,590	$9.636M	0.8%	$15.74	+76.6%	COM	060505104
VICI	VICI PPTYS INC	375,310	$9.589M	0.8%	$15.59	+11.3%	COM	925652109
—	CONSOLIDATED TOMOKA LD CO	155,987	$9.409M	0.7%	$59.77	—	COM	210226106
—	ROYAL DUTCH SHELL PLC	154,085	$9.24M	0.7%	$58.59	—	SPON ADR B	780259107
—	CATCHMARK TIMBER TR INC	773,319	$8.87M	0.7%	$10.47	—	CL A	14912Y202
—	QTS RLTY TR INC	159,873	$8.676M	0.7%	$53.26	—	COM CL A	74736A103
PGR	PROGRESSIVE CORP OHIO	118,786	$8.599M	0.7%	$64.62	-8.2%	COM	743315103
SPY	SPDR S&P 500 ETF TR	33,800	$8.447M	0.7%	$35602.92	—	Put	78462F103
CUZ	COUSINS PPTYS INC	199,688	$8.227M	0.7%	$41.20	—	COM NEW	222795502
AHRT	ARMADA HOFFLER PPTYS INC	442,737	$8.124M	0.6%	$11.06	—	COM	04208T108
UE	URBAN EDGE PPTYS	421,276	$8.08M	0.6%	$24.58	—	COM	91704F104
—	CORESITE RLTY CORP	67,327	$7.549M	0.6%	$120.92	—	COM	21870Q105
MAC	MACERICH CO	235,180	$6.331M	0.5%	$389.23	—	COM	554382101
VEA	VANGUARD TAX MANAGED INTL FD	141,051	$6.215M	0.5%	$42.98	—	FTSE DEV MKT ETF	921943858
SCHF	SCHWAB STRATEGIC TR	173,685	$5.841M	0.5%	$28.51	—	INTL EQTY ETF	808524805
EPD	ENTERPRISE PRODS PARTNERS L	207,133	$5.833M	0.5%	$34.80	—	COM	293792107
—	SL GREEN RLTY CORP	60,295	$5.54M	0.4%	$87.79	—	COM	78440X101
VOO	VANGUARD INDEX FDS	18,204	$5.385M	0.4%	$234.46	—	S&P 500 ETF SHS	922908363
VWO	VANGUARD INTL EQUITY INDEX F	109,306	$4.861M	0.4%	$1365.81	—	FTSE EMR MKT ETF	922042858
ESRT	EMPIRE ST RLTY TR INC	330,163	$4.609M	0.4%	$17.72	—	CL A	292104106
BND	VANGUARD BD INDEX FD INC	51,695	$4.335M	0.3%	$81.40	—	TOTAL BND MRKT	921937835
ALEX	ALEXANDER & BALDWIN INC NEW	205,140	$4.3M	0.3%	$20.96	—	COM	014491104
—	WASHINGTON PRIME GROUP NEW	1,175,953	$4.28M	0.3%	$5.12	—	COM	93964W108
VB	VANGUARD INDEX FDS	22,909	$3.795M	0.3%	$150.31	—	SMALL CP ETF	922908751
PXH	INVESCO EXCHNG TRADED FD TR	165,034	$3.68M	0.3%	$20.74	—	FTSE RAFI EMNG	46138E727
JHMD	JOHN HANCOCK ETF TRUST	124,146	$3.675M	0.3%	$28.80	—	MULTI INTL ETF	47804J859
VXF	VANGUARD INDEX FDS	27,471	$3.461M	0.3%	$13999.06	—	EXTEND MKT ETF	922908652
IEMG	ISHARES INC	63,482	$3.413M	0.3%	$53.64	—	CORE MSCI EMKT	46434G103
PXF	INVESCO EXCHNG TRADED FD TR	77,394	$3.29M	0.3%	$42.18	—	FTSE RAFI DEV	46138E743
JHMM	JOHN HANCOCK ETF TRUST	83,552	$3.272M	0.3%	$34.85	—	MULTIFACTOR MI	47804J206
PEP	PEPSICO INC	22,331	$3.052M	0.2%	$75.21	+49.9%	COM	713448108
—	MAGELLAN MIDSTREAM PRTNRS LP	47,512	$2.987M	0.2%	$413.47	—	COM UNIT RP LP	559080106
INTC	INTEL CORP	27,821	$2.86M	0.2%	$42.32	+16.4%	COM	458140100
MRK	MERCK & CO INC	29,236	$2.659M	0.2%	$46.87	+44.1%	COM	58933Y105
VCSH	VANGUARD SCOTTSDALE FDS	32,441	$2.629M	0.2%	$80.43	—	SHRT TRM CORP BD	92206C409
EFA	ISHARES TR	37,590	$2.61M	0.2%	$1203.05	—	MSCI EAFE ETF	464287465
SCHA	SCHWAB STRATEGIC TR	32,105	$2.428M	0.2%	$61.28	—	US SML CAP ETF	808524607
EOG	EOG RES INC	28,340	$2.374M	0.2%	$87.89	-36.5%	COM	26875P101
SBR	SABINE ROYALTY TR	57,573	$2.321M	0.2%	$28832.38	—	UNIT BEN INT	785688102
TILT	FLEXSHARES TR	15,500	$1.969M	0.2%	$113.75	—	MORNSTAR USMKT	33939L100
WFC	WELLS FARGO CO NEW	33,090	$1.78M	0.1%	$30.49	+46.6%	COM	949746101
SLB	SCHLUMBERGER LTD	43,736	$1.758M	0.1%	$51.80	-40.7%	COM	806857108
WES	WESTERN MIDSTREAM PARTNERS L	88,131	$1.735M	0.1%	$31.25	—	COM UNIT LP INT	958669103
—	FLIR SYS INC	32,761	$1.706M	0.1%	$49.54	—	COM	302445101
—	WELLS FARGO CO NEW	1,175	$1.704M	0.1%	$1310.90	—	PERP PFD CNV A	949746804
—	DRIL QUIP INC	35,025	$1.643M	0.1%	$44.80	—	COM	262037104
IVV	ISHARES TR	4,944	$1.598M	0.1%	$280.02	—	CORE S&P500 ETF	464287200
VNQ	VANGUARD INDEX FDS	16,188	$1.502M	0.1%	$92.78	—	REAL ESTATE ETF	922908553
—	PIONEER NAT RES CO	9,879	$1.495M	0.1%	$170.37	—	COM	723787107
LMT	LOCKHEED MARTIN CORP	3,701	$1.441M	0.1%	$268.93	+20.8%	COM	539830109
ADBE	ADOBE INC	4,181	$1.379M	0.1%	$203.88	+44.3%	COM	00724F101
MA	MASTERCARD INC	4,572	$1.365M	0.1%	$104.05	+162.0%	CL A	57636Q104
CVX	CHEVRON CORP NEW	10,880	$1.311M	0.1%	$79.58	+12.7%	COM	166764100
SPY	SPDR S&P 500 ETF TR	5,000	$1.25M	0.1%	$35602.92	—	Call	78462F103
—	ROYAL DUTCH SHELL PLC	20,326	$1.199M	0.1%	$61.37	—	SPONS ADR A	780259206
—	NOBLE ENERGY INC	46,807	$1.163M	0.1%	$25.97	—	COM	655044105
HAL	HALLIBURTON CO	40,737	$997K	0.1%	$33.57	-44.1%	COM	406216101
ARE	ALEXANDRIA REAL ESTATE EQ IN	6,150	$994K	0.1%	$71.90	+72.7%	COM	015271109
—	PINNACLE FINL PARTNERS INC	15,115	$967K	0.1%	$63.98	—	COM	72346Q104
JHML	JOHN HANCOCK ETF TRUST	22,307	$919K	0.1%	$35.35	—	MLTFCTR LRG CAP	47804J107
BMY	BRISTOL MYERS SQUIBB CO	14,090	$904K	0.1%	$36.24	+24.7%	COM	110122108
T	AT&T INC	22,793	$891K	0.1%	$15.79	+19.4%	COM	00206R102
XLK	SELECT SECTOR SPDR TR	9,629	$883K	0.1%	$39.55	—	TECHNOLOGY	81369Y803
SCHW	THE CHARLES SCHWAB CORPORATI	18,541	$882K	0.1%	$38.20	+6.0%	COM	808513105
GILD	GILEAD SCIENCES INC	13,477	$876K	0.1%	$61.48	-16.6%	COM	375558103
CTRA	CABOT OIL & GAS CORP	49,265	$858K	0.1%	$18.75	-30.2%	COM	127097103
IFF	INTERNATIONAL FLAVORS&FRAGRA	6,600	$852K	0.1%	$107.86	+0.2%	COM	459506101
BRK/B	BERKSHIRE HATHAWAY INC DEL	3,663	$830K	0.1%	$123.47	+75.9%	CL B NEW	084670702
APD	AIR PRODS & CHEMS INC	3,454	$812K	0.1%	$77.61	+150.2%	COM	009158106
SCHO	SCHWAB STRATEGIC TR	16,046	$810K	0.1%	$50.48	—	SHT TM US TRES	808524862
XLV	SELECT SECTOR SPDR TR	7,563	$770K	0.1%	$66.85	—	SBI HEALTHCARE	81369Y209
SCHB	SCHWAB STRATEGIC TR	9,969	$766K	0.1%	$66.89	—	US BRD MKT ETF	808524102
XLRE	SELECT SECTOR SPDR TR	19,334	$748K	0.1%	$31.01	—	RL EST SEL SEC	81369Y860
XLY	SELECT SECTOR SPDR TR	5,839	$732K	0.1%	$74.48	—	SBI CONS DISCR	81369Y407
XLP	SELECT SECTOR SPDR TR	11,275	$710K	0.1%	$47.64	—	SBI CONS STPLS	81369Y308
XLU	SELECT SECTOR SPDR TR	10,871	$702K	0.1%	$43.67	—	SBI INT-UTILS	81369Y886
PM	PHILIP MORRIS INTL INC	8,200	$698K	0.1%	$51.37	+16.8%	COM	718172109
TXN	TEXAS INSTRS INC	5,400	$693K	0.1%	$80.27	+29.2%	COM	882508104
XLI	SELECT SECTOR SPDR TR	8,356	$681K	0.1%	$50.31	—	SBI INT-INDS	81369Y704
FLOT	ISHARES TR	13,339	$679K	0.1%	$50.98	—	FLTG RATE NT ETF	46429B655
VZ	VERIZON COMMUNICATIONS INC	10,903	$669K	0.1%	$29.63	+44.4%	COM	92343V104
XLF	SELECT SECTOR SPDR TR	21,359	$657K	0.1%	$22.76	—	SBI INT-FINL	81369Y605
MAIN	MAIN STREET CAPITAL CORP	15,076	$650K	0.1%	$37.46	+14.2%	COM	56035L104
XLB	SELECT SECTOR SPDR TR	10,281	$631K	0.1%	$40.04	—	SBI MATERIALS	81369Y100
—	WEINGARTEN RLTY INVS	20,000	$625K	0.0%	$1196.10	—	SH BEN INT	948741103
—	SPDR SERIES TRUST	26,267	$623K	0.0%	$23.72	—	S&P OILGAS EXP	78464A730
—	WALGREENS BOOTS ALLIANCE INC	10,315	$608K	0.0%	$65.16	—	COM	931427108
XLC	SELECT SECTOR SPDR TR	11,344	$608K	0.0%	$53.60	—	COMMUNICATION	81369Y852
NVO	NOVO-NORDISK A S	10,500	$608K	0.0%	$27364.53	—	ADR	670100205
LIVN	LIVANOVA PLC	8,045	$607K	0.0%	$60.69	+24.9%	SHS	G5509L101
GSY	INVESCO ACTIVELY MANAGD ETF	11,942	$602K	0.0%	$50.17	—	ULTRA SHRT DUR	46090A887
PFE	PFIZER INC	15,217	$596K	0.0%	$20.34	+31.3%	COM	717081103
—	LABORATORY CORP AMER HLDGS	3,515	$595K	0.0%	$109.51	—	COM NEW	50540R409
MMM	3M CO	3,318	$585K	0.0%	$89.72	+24.6%	COM	88579Y101
AB	ALLIANCEBERNSTEIN HOLDING LP	17,335	$525K	0.0%	$26.88	—	UNIT LTD PARTN	01881G106
XLE	SELECT SECTOR SPDR TR	8,626	$518K	0.0%	$61.74	—	ENERGY	81369Y506
—	APTIV PLC	5,265	$500K	0.0%	$84.78	—	SHS	G6095L109
ABBV	ABBVIE INC	5,111	$453K	0.0%	$51.24	+26.1%	COM	00287Y109
WMT	WALMART INC	3,708	$441K	0.0%	$30.17	+20.6%	COM	931142103
KMI	KINDER MORGAN INC DEL	20,779	$440K	0.0%	$10.99	+27.9%	COM	49456B101
IWM	ISHARES TR	2,631	$436K	0.0%	$153.34	—	RUSSELL 2000 ETF	464287655
PRF	INVESCO EXCHANGE TRADED FD T	3,245	$411K	0.0%	$113.26	—	FTSE RAFI 1000	46137V613
—	MARATHON OIL CORP	28,076	$381K	0.0%	$16.91	—	COM	565849106
CMI	CUMMINS INC	2,120	$379K	0.0%	$95.04	+58.9%	COM	231021106
—	WPX ENERGY INC	26,225	$360K	0.0%	$15.21	—	COM	98212B103
—	CONCHO RES INC	4,080	$357K	0.0%	$149.52	—	COM	20605P101
—	ALPS ETF TR	39,947	$340K	0.0%	$9.39	—	ALERIAN MLP	00162Q866
—	VANECK VECTORS ETF TRUST	24,870	$330K	0.0%	$13.27	—	OIL SVCS ETF	92189F718
IBM	INTERNATIONAL BUSINESS MACHS	2,464	$330K	0.0%	$99.10	+0.8%	COM	459200101
WY	WEYERHAEUSER CO	10,400	$314K	0.0%	$18.51	+24.8%	COM	962166104
MKL	MARKEL CORP	262	$300K	0.0%	$793.77	+43.5%	COM	570535104
RNR	RENAISSANCERE HOLDINGS LTD	1,500	$294K	0.0%	$129.14	+46.7%	COM	G7496G103
ZTS	ZOETIS INC	1,985	$263K	0.0%	$99.25	+19.0%	CL A	98978V103
MO	ALTRIA GROUP INC	5,229	$261K	0.0%	$29.77	-3.3%	COM	02209S103
BK	BANK NEW YORK MELLON CORP	5,121	$258K	0.0%	$44.73	-10.7%	COM	064058100
UNP	UNION PACIFIC CORP	1,362	$246K	0.0%	$149.35	0.0%	COM	907818108
FNDF	SCHWAB STRATEGIC TR	8,123	$235K	0.0%	$27.55	—	SCHWB FDT INT LG	808524755
EEMV	ISHARES INC	3,949	$232K	0.0%	$54.23	—	MIN VOL EMRG MKT	464286533
—	GENERAL ELECTRIC CO	20,814	$232K	0.0%	$13669.37	—	COM	369604103
BA	BOEING CO	700	$228K	0.0%	$261.84	+34.1%	COM	097023105
VCIT	VANGUARD SCOTTSDALE FDS	2,405	$220K	0.0%	$87.49	—	INT-TERM CORP	92206C870
MCD	MCDONALDS CORP	1,097	$217K	0.0%	$135.53	+26.9%	COM	580135101
OSG	AMBAC FINL GROUP INC	10,000	$216K	0.0%	$21.85	-6.1%	COM NEW	023139884
SHY	ISHARES TR	2,500	$212K	0.0%	$84.40	—	1 3 YR TREAS BD	464287457
DEO	DIAGEO P L C	1,190	$200K	0.0%	$111.51	—	SPON ADR NEW	25243Q205
—	GULFPORT ENERGY CORP	27,738	$84,000	0.0%	$8.81	—	COM NEW	402635304
—	SOUTHWESTERN ENERGY CO	33,063	$80,000	0.0%	$4.43	—	COM	845467109
—	OASIS PETE INC NEW	23,426	$76,000	0.0%	$10.19	—	COM	674215108
—	TRANSGLOBE ENERGY CORP	39,480	$54,000	0.0%	$2.44	—	COM	893662106
AR	ANTERO RES CORP	11,934	$34,000	0.0%	$17.46	-85.4%	COM	03674X106
—	DENBURY RES INC	16,401	$23,000	0.0%	$2.75	—	COM NEW	247916208