Goodwin Daniel L 13F-HR Quarterly holdings report by institutional manager

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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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
AG MTG INVT TR INC	COM	001228105	464	25,000	SH		OTR	1,2,3,4	0	25,000	0
AG MTG INVT TR INC	COM	001228105	93	5,000	SH		DFND	1,2,3	5,000	0	0
ANNALY CAP MGMT INC	NOTE 4.000% 2/1	035710409	1,578	146,000	SH		OTR	1,2,3,4	0	146,000	0
ANNALY CAP MGMT INC	NOTE 4.000% 2/1	035710409	65	6,000	SH		DFND	1,2,3	6,000	0	0
ANNALY CAP MGMT INC	NOTE 4.000% 2/1	035710409	11	1,000	SH		OTR	1,2,3	0	1,000	0
APPLE INC	COM	037833100	193	1,750	SH		OTR	1,2,3	0	1,750	0
APPLE INC	COM	037833100	386	3,500	SH		DFND	1,2,3	3,500	0	0
ASHFORD HOSPITALITY TR INC	COM SHS	044103109	366	34,923	SH		DFND	1,2,3	34,923	0	0
BP PRUDHOE BAY RTY TR	UNIT BEN INT	055630107	338	5,000	SH		DFND	1,2,3	5,000	0	0
BANK AMER CORP	COM	060505104	1,742	97,353	SH		OTR	1,2,3	0	97,353	0
BANK AMER CORP	7.25%CNV PFD L	060505682	5,670	4,870	SH		OTR	1,2,3,4	0	4,870	0
BANK AMER CORP	7.25%CNV PFD L	060505682	3,243	2,785	SH		DFND	1,2,3	2,785	0	0
BANK AMER CORP	7.25%CNV PFD L	060505682	1,586	1,362	SH		OTR	1,2,3	0	1,362	0
BLACKROCK MUNICIPL INC QLTY	COM	092479104	577	40,070	SH		DFND	1,2,3	40,070	0	0
BLACKROCK MUNICIPL INC QLTY	COM	092479104	72	5,000	SH		OTR	1,2,3	0	5,000	0
BOARDWALK PIPELINE PRTNRS	UT LTD PARTNER	096627104	178	10,000	SH		DFND	1,2,3	10,000	0	0
BOARDWALK PIPELINE PRTNRS	UT LTD PARTNER	096627104	53	3,000	SH		OTR	1,2,3	0	3,000	0
BROOKDALE SR LIVING INC	COM	112463104	348	9,500	SH		DFND	1,2,3	9,500	0	0
CALIFORNIA WTR SVC GROUP	COM	130788102	39	1,600	SH		OTR	1,2,3	0	1,600	0
CARMAX INC	COM	143130102	35	520	SH		OTR	1,2,3	0	520	0
CATAMARAN CORP	COM	148887102	207	4,000	SH		OTR	1,2,3	0	4,000	0
CEDAR REALTY TRUST INC	COM NEW	150602209	45,032	6,135,088	SH		OTR	1,2,3,4	0	6,135,088	0
CEDAR REALTY TRUST INC	COM NEW	150602209	7	1,000	SH		DFND	1,2,3	1,000	0	0
DIAMONDROCK HOSPITALITY CO	COM	252784301	631	42,412	SH		OTR	1,2,3,4	0	42,412	0
DREYFUS STRATEGIC MUNS INC	COM	261932107	440	53,676	SH		DFND	1,2,3	53,676	0	0
DREYFUS STRATEGIC MUNS INC	COM	261932107	9	1,100	SH		OTR	1,2,3	0	1,100	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	1,089	30,145	SH		DFND	1,2,3	30,145	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	704	19,500	SH		OTR	1,2,3	0	19,500	0
EQUITY COMWLTH	COM SH BEN INT	294628102	1,189	46,322	SH		OTR	1,2,3,4	0	46,322	0
EQUITY COMWLTH	COM SH BEN INT	294628102	130	5,072	SH		DFND	1,2,3	5,072	0	0
EQUITY COMWLTH	COM SH BEN INT	294628102	430	16,738	SH		OTR	1,2,3	0	16,738	0
GENERAL ELECTRIC CO	COM	369604103	436	17,245	SH		OTR	1,2,3	0	17,245	0
GENERAL ELECTRIC CO	COM	369604103	3,791	150,000	SH		DFND	1,2,3	150,000	0	0
GETTY RLTY CORP NEW	COM	374297109	1,283	70,470	SH		OTR	1,2,3,4	0	70,470	0
HEALTHCARE RLTY TR	COM	421946104	3,920	143,500	SH		OTR	1,2,3,4	0	143,500	0
HEALTHCARE RLTY TR	COM	421946104	82	3,000	SH		OTR	1,2,3	0	3,000	0
HEALTHCARE RLTY TR	COM	421946104	27	1,000	SH		DFND	1,2,3	1,000	0	0
HERSHA HOSPITALITY TR	SH BEN INT A	427825104	5,646	803,199	SH		OTR	1,2,3,4	0	803,199	0
HERSHA HOSPITALITY TR	SH BEN INT A	427825104	908	129,224	SH		DFND	1,2,3	129,224	0	0
HERSHA HOSPITALITY TR	SH BEN INT A	427825104	337	48,000	SH		OTR	1,2,3	0	48,000	0
HUGOTON RTY TR TEX	UNIT BEN INT	444717102	191	22,610	SH		DFND	1,2,3	22,610	0	0
HUGOTON RTY TR TEX	UNIT BEN INT	444717102	186	22,000	SH		OTR	1,2,3	0	22,000	0
HYATT HOTELS CORP	COM CL A	448579102	42	700	SH		OTR	1,2,3	0	700	0
INLAND REAL ESTATE CORP	COM NEW	457461200	46,091	4,209,224	SH		DFND	1,2,3	4,209,224	0	0
INLAND REAL ESTATE CORP	COM NEW	457461200	4,226	385,950	SH		OTR	1,2,3	0	385,950	0
INLAND REAL ESTATE CORP	COM NEW	457461200	100	9,091	SH		OTR	1,2,3	0	9,091	0
INLAND REAL ESTATE CORP	COM NEW	457461200	78,970	7,212,118	SH		OTR	1,2,3	0	7,212,118	0
INLAND REAL ESTATE CORP	COM NEW	457461200	1,501	137,110	SH		OTR	1,2,3	0	137,110	0
INTEL CORP	COM	458140100	218	6,000	SH		OTR	1,2,3	0	6,000	0
INTEL CORP	COM	458140100	145	4,000	SH		DFND	1,2,3	4,000	0	0
INVESTORS REAL ESTATE TR	SH BEN INT	461730103	5,937	726,726	SH		OTR	1,2,3,4	0	726,726	0
INVESTORS REAL ESTATE TR	SH BEN INT	461730103	131	16,000	SH		DFND	1,2,3	16,000	0	0
LTC PPTYS INC	COM	502175102	4,493	104,067	SH		OTR	1,2,3,4	0	104,067	0
LTC PPTYS INC	COM	502175102	259	6,000	SH		OTR	1,2,3	0	6,000	0
LTC PPTYS INC	COM	502175102	264	6,108	SH		DFND	1,2,3	6,108	0	0
LEXINGTON REALTY TRUST	PFD CONV SER C	529043309	96	2,000	SH		DFND	1,2,3	2,000	0	0
LEXINGTON REALTY TRUST	PFD CONV SER C	529043309	144	3,000	SH		OTR	1,2,3	0	3,000	0
LINN ENERGY LLC	UNIT LTD LIAB	536020100	418	41,300	SH		DFND	1,2,3	41,300	0	0
LINN ENERGY LLC	UNIT LTD LIAB	536020100	76	7,500	SH		OTR	1,2,3	0	7,500	0
LINN ENERGY LLC	PUT	536020950	101	10,000	SH	Put	DFND	1,2,3	10,000	0	0
MANAGED HIGH YIELD PLUS FD I	COM	561911108	21	12,200	SH		OTR	1,2,3	0	12,200	0
MEDTRONIC INC	COM	585055106	65	900	SH		OTR	1,2,3	0	900	0
MESA ROYALTY TRUST	COM	590660106	290	11,300	SH		DFND	1,2,3	11,300	0	0
MORGAN STANLEY	COM NEW	617446448	854	22,000	SH		DFND	1,2,3	22,000	0	0
NATIONAL RETAIL PPTYS INC	COM	637417106	1,091	27,717	SH		OTR	1,2,3,4	0	27,717	0
NATIONAL RETAIL PPTYS INC	COM	637417106	537	13,633	SH		DFND	1,2,3	13,633	0	0
NATIONAL RETAIL PPTYS INC	COM	637417106	480	12,200	SH		OTR	1,2,3	0	12,200	0
NUVEEN AMT-FREE MUN INCOME F	COM	670657105	78	5,667	SH		OTR	1,2,3	0	5,667	0
NUVEEN AMT-FREE MUN INCOME F	COM	670657105	2,037	147,431	SH		DFND	1,2,3	147,431	0	0
NUVEEN SELECT QUALITY MUN FD	COM	670973106	12	825	SH		OTR	1,2,3	0	825	0
NUVEEN SELECT QUALITY MUN FD	COM	670973106	683	48,933	SH		DFND	1,2,3	48,933	0	0
NUVEEN MUN OPPORTUNITY FD IN	COM	670984103	1,403	95,666	SH		DFND	1,2,3	95,666	0	0
NUVEEN MUN OPPORTUNITY FD IN	COM	670984103	103	7,000	SH		OTR	1,2,3	0	7,000	0
OMEGA HEALTHCARE INVS INC	COM	681936100	4,538	116,153	SH		OTR	1,2,3,4	0	116,153	0
OMEGA HEALTHCARE INVS INC	COM	681936100	430	11,000	SH		DFND	1,2,3	11,000	0	0
OMEGA HEALTHCARE INVS INC	COM	681936100	578	14,800	SH		OTR	1,2,3	0	14,800	0
ONE LIBERTY PPTYS INC	COM	682406103	4,205	177,656	SH		OTR	1,2,3,4	0	177,656	0
ONE LIBERTY PPTYS INC	COM	682406103	66	2,799	SH		OTR	1,2,3	0	2,799	0
ONE LIBERTY PPTYS INC	COM	682406103	1,169	49,375	SH		DFND	1,2,3	49,375	0	0
PENNSYLVANIA RL ESTATE INVT	SH BEN INT	709102503	78	3,000	SH		DFND	1,2,3	3,000	0	0
PENNSYLVANIA RL ESTATE INVT	SH BEN INT	709102503	181	7,000	SH		OTR	1,2,3	0	7,000	0
PLAINS ALL AMERN PIPELINE L	UNIT LTD PARTN	726503105	1,250	24,355	SH		DFND	1,2,3	24,355	0	0
PLAINS ALL AMERN PIPELINE L	UNIT LTD PARTN	726503105	744	14,500	SH		OTR	1,2,3	0	14,500	0
PUTNAM MANAGED MUN INCOM TR	COM	746823103	798	110,112	SH		DFND	1,2,3	110,112	0	0
PUTNAM MANAGED MUN INCOM TR	COM	746823103	80	11,000	SH		OTR	1,2,3	0	11,000	0
PUTNAM MUN OPPORTUNITIES TR	SH BEN INT	746922103	556	46,366	SH		DFND	1,2,3	46,366	0	0
PUTNAM MUN OPPORTUNITIES TR	SH BEN INT	746922103	138	11,500	SH		OTR	1,2,3	0	11,500	0
RAMCO-GERSHENSON PPTYS TR	COM SH BEN INT	751452202	664	35,440	SH		DFND	1,2,3	35,440	0	0
RAMCO-GERSHENSON PPTYS TR	COM SH BEN INT	751452202	84	4,500	SH		OTR	1,2,3	0	4,500	0
RAMCO-GERSHENSON PPTYS TR	PERP PFD-D CV	751452608	1,340	20,026	SH		OTR	1,2,3,4	0	20,026	0
RAMCO-GERSHENSON PPTYS TR	PERP PFD-D CV	751452608	167	2,500	SH		DFND	1,2,3	2,500	0	0
RAMCO-GERSHENSON PPTYS TR	PERP PFD-D CV	751452608	643	9,606	SH		OTR	1,2,3	0	9,606	0
REALTY INCOME CORP	COM	756109104	2,242	47,000	SH		OTR	1,2,3,4	0	47,000	0
REALTY INCOME CORP	COM	756109104	95	2,000	SH		DFND	1,2,3	2,000	0	0
REALTY INCOME CORP	COM	756109104	167	3,500	SH		OTR	1,2,3	0	3,500	0
ROSE ROCK MIDSTREAM L P	COM U REP LTD	777149105	909	20,000	SH		DFND	1,2,3	20,000	0	0
ROSE ROCK MIDSTREAM L P	COM U REP LTD	777149105	673	14,800	SH		OTR	1,2,3	0	14,800	0
ROYAL BK CDA MONTREAL QUE	COM	780087102	35	500	SH		OTR	1,2,3	0	500	0
SABINE ROYALTY TR	UNIT BEN INT	785688102	231	6,450	SH		OTR	1,2,3	0	6,450	0
SUMMIT MIDSTREAM PARTNERS LP	COM UNIT LTD	866142102	272	7,159	SH		DFND	1,2,3	7,159	0	0
SUMMIT MIDSTREAM PARTNERS LP	COM UNIT LTD	866142102	399	10,500	SH		OTR	1,2,3	0	10,500	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	267	3,500	SH		OTR	1,2,3	0	3,500	0
WELLS FARGO & CO NEW	COM	949746101	1,096	20,000	SH		DFND	1,2,3	20,000	0	0
WELLS FARGO & CO NEW PERP PFD CONV CL A CPN-7.5% FREQ-QRTLY PERP MATY	PERP PFD CNV A	949746804	1,215	1,000	SH		OTR	1,2,3,4	0	1,000	0
WELLS FARGO & CO NEW PERP PFD CONV CL A CPN-7.5% FREQ-QRTLY PERP MATY	PERP PFD CNV A	949746804	61	50	SH		OTR	1,2,3	0	50	0
WELLS FARGO & CO NEW PERP PFD CONV CL A CPN-7.5% FREQ-QRTLY PERP MATY	PERP PFD CNV A	949746804	668	550	SH		DFND	1,2,3	550	0	0
WESTERN GAS PARTNERS LP	COM UNIT LP IN	958254104	511	7,000	SH		DFND	1,2,3	7,000	0	0
WESTERN GAS PARTNERS LP	COM UNIT LP IN	958254104	219	3,000	SH		OTR	1,2,3	0	3,000	0
YUM BRANDS INC	COM	988498101	51	700	SH		OTR	1,2,3	0	700	0
BLACKROCK MUNIYIELD QLTY FD	COM	09254E103	446	31,665	SH		DFND	1,2,3	31,665	0	0
BLACKROCK MUNIYIELD QLTY FD	COM	09254E103	21	1,500	SH		OTR	1,2,3	0	1,500	0
NUVEEN INVT QUALITY MUN FD I	COM	67062E103	15	1,000	SH		DFND	1,2,3	1,000	0	0
BARCLAYS PLC	ADR	06738E204	356	23,700	SH		OTR	1,2,3	0	23,700	0
BARCLAYS PLC	ADR	06738E204	600	40,000	SH		DFND	1,2,3	40,000	0	0
AT&T INC	COM	00206R102	319	9,500	SH		OTR	1,2,3	0	9,500	0
AMERICA FIRST MULTIFAMILY IN	BEN UNIT CTF	02364V107	237	45,000	SH		DFND	1,2,3	45,000	0	0
AMERICAN CAPITAL AGENCY CORP	COM	02503X105	218	10,000	SH		DFND	1,2,3	10,000	0	0
AMERICAN CAPITAL AGENCY CORP	COM	02503X105	109	5,000	SH		OTR	1,2,3	0	5,000	0
AMERICAN RLTY CAP PPTYS INC	COM	02917T104	4,608	509,200	SH		OTR	1,2,3	0	509,200	0
AMERICAN RLTY CAP PPTYS INC	COM	02917T104	16,087	1,777,564	SH		DFND	1,2,3	1,777,564	0	0
AMERICAN RLTY CAP PPTYS INC	CALL	02917T904	18	2,000	SH	Call	OTR	1,2,3	0	2,000	0
American RLTY CAP PPTYS INC.	CALL	02917T904	761	84,100	SH	Call	DFND	1,2,3	84,100	0	0
AMERICAN RLTY CAP PPTYS INC	PUT	02917T954	18	2,000	SH	Put	OTR	1,2,3	0	2,000	0
AMERICAN RLTY CAP PPTYS INC	PUT	02917T954	12,460	1,376,800	SH	Put	DFND	1,2,3	1,376,800	0	0
AMERICAN RLTY CAP PPTYS INC	PUT	02917T954	272	30,000	SH	Put	OTR	1,2,3	0	30,000	0
AMREIT INC NEW	CL B	03216B208	2,863	107,893	SH		OTR	1,2,3,4	0	107,893	0
APARTMENT INVT & MGMT CO	CL A	03748R101	1,804	48,560	SH		DFND	1,2,3	48,560	0	0
ATLAS ENERGY LP	COM UNITS LP	04930A104	374	12,000	SH		DFND	1,2,3	12,000	0	0
ATLAS RESOURCE PARTNERS LP	COM UNT LTD PR	04941A101	171	16,000	SH		DFND	1,2,3	16,000	0	0
ATLAS RESOURCE PARTNERS LP	COM UNT LTD PR	04941A101	96	9,000	SH		OTR	1,2,3	0	9,000	0
ROCK MUNIHLDGS FD II IN	COM	09253P109	155	9,887	SH		DFND	1,2,3	9,887	0	0
ROCK MUNIHLDGS FD II IN	COM	09253P109	259	16,500	SH		OTR	1,2,3	0	16,500	0
BLACKROCK MUNI INTER DR FD I	COM	09253X102	223	15,500	SH		DFND	1,2,3	15,500	0	0
BLACKROCK MUNI INTER DR FD I	COM	09253X102	84	5,800	SH		OTR	1,2,3	0	5,800	0
BLACKROCK MUNIHOLDNGS QLTY I	COM	09254A101	715	53,677	SH		DFND	1,2,3	53,677	0	0
BLACKROCK MUNIHOLDNGS QLTY I	COM	09254A101	104	7,815	SH		OTR	1,2,3	0	7,815	0
BLACKROCK MUNIHLDNGS QLTY II	COM	09254C107	163	12,097	SH		DFND	1,2,3	12,097	0	0
BLACKSTONE MTG TR INC	COM CL	09257W100	404	13,850	SH		OTR	1,2,3,4	0	13,850	0
BLACKSTONE MTG TR INC	COM CL	09257W100	87	3,000	SH		DFND	1,2,3	3,000	0	0
BLACKSTONE MTG TR INC	COM CL	09257W100	58	2,000	SH		OTR	1,2,3	0	2,000	0
CYS INVTS INC	COM	12673A108	87	10,000	SH		OTR	1,2,3,4	0	10,000	0
CAMPUS CREST CMNTYS INC	COM	13466Y105	73	10,000	SH		OTR	1,2,3	0	10,000	0
CAMPUS CREST CMNTYS INC	COM	13466Y105	146	20,000	SH		DFND	1,2,3	20,000	0	0
CAMPUS CREST CMNTYS INC	PUT	13466Y955	219	30,000	SH	Put	DFND	1,2,3	30,000	0	0
CORENERGY INFRASTRUCTURE TR	COM	21870U205	344	53,086	SH		DFND	1,2,3	53,086	0	0
CORENERGY INFRASTRUCTURE TR	COM	21870U205	126	19,606	SH		OTR	1,2,3	0	19,606	0
CORENERGY INFRASTRUCTURE TR	CALL	21870U905	27	4,100	SH	Call	DFND	1,2,3	4,100	0	0
CORENERGY INFRASTRUCTURE TR	PUT	21870U955	27	4,100	SH	Put	DFND	1,2,3	4,100	0	0
DDR CORP	COM	23317H102	188	10,244	SH		OTR	1,2,3	0	10,244	0
DDR CORP	COM	23317H102	1,170	63,750	SH		DFND	1,2,3	63,750	0	0
DIAMOND OFFSHORE DRILLING IN	COM	25271C102	26	700	SH		OTR	1,2,3	0	700	0
DIAMOND OFFSHORE DRILLING IN	COM	25271C102	400	10,900	SH		DFND	1,2,3	10,900	0	0
DREYFUS MUN INCOME INC	COM	26201R102	127	13,157	SH		DFND	1,2,3	13,157	0	0
DUPONT FABROS TECHNOLOGY INC	COM	26613Q205	524	20,569	SH		OTR	1,2,3,4	0	20,569	0
DYNEX CAP INC	COM NEW	26817Q803	169	7,000	SH		DFND	1,2,3	7,000	0	0
DYNEX CAP INC	COM NEW	26817Q803	73	3,000	SH		OTR	1,2,3	0	3,000	0
EPR PPTYS	COM SH	26884U208	234	10,000	SH		OTR	1,2,3,4	0	10,000	0
EATON VANCE MUN BD FD	COM	27827X101	64	5,000	SH		OTR	1,2,3	0	5,000	0
EATON VANCE MUN BD FD	COM	27827X101	1,002	78,065	SH		DFND	1,2,3	78,065	0	0
ENBRIDGE ENERGY PARTNERS L P	COM	29250R106	499	12,500	SH		DFND	1,2,3	12,500	0	0
ENBRIDGE ENERGY PARTNERS L P	COM	29250R106	104	2,600	SH		OTR	1,2,3	0	2,600	0
ENERGY TRANSFER PRTNRS L P	UNIT LTD PARTN	29273R109	1,612	24,800	SH		DFND	1,2,3	24,800	0	0
ENERGY TRANSFER PRTNRS L P	UNIT LTD PARTN	29273R109	540	8,300	SH		OTR	1,2,3	0	8,300	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	718	10,000	SH		OTR	1,2,3,4	0	10,000	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	48	664	SH		OTR	1,2,3	0	664	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	682	9,500	SH		DFND	1,2,3	9,500	0	0
FIRST INDUSTRIAL REALTY TRUS	COM	32054K103	41	2,000	SH		OTR	1,2,3,4	0	2,000	0
FIRST INDUSTRIAL REALTY TRUS	COM	32054K103	93	4,500	SH		OTR	1,2,3	0	4,500	0
FIRST INDUSTRIAL REALTY TRUS	COM	32054K103	195	9,500	SH		DFND	1,2,3	9,500	0	0
FRANKLIN STREET PPTYS CORP	COM	35471R106	3,932	320,425	SH		OTR	1,2,3,4	0	320,425	0
GOLDMAN SACHS GROUP INC	COM	38141G104	1,163	6,000	SH		DFND	1,2,3	6,000	0	0
GOOGLE INC	CL C	38259P706	526	1,000	SH		OTR	1,2,3	0	1,000	0
GOVERNMENT PPTYS INCOME TR	COM SHS BEN INT	38376A103	671	29,140	SH		OTR	1,2,3,4	0	29,140	0
GOVERNMENT PPTYS INCOME TR	COM SHS BEN INT	38376A103	81	3,500	SH		DFND	1,2,3	3,500	0	0
HCP INC	COM	40414L109	660	15,000	SH		OTR	1,2,3,4	0	15,000	0
HEALTH CARE REIT INC	COM	42217K106	8,611	113,800	SH		OTR	1,2,3,4	0	113,800	0
HEALTH CARE REIT INC	COM	42217K106	568	7,500	SH		DFND	1,2,3	7,500	0	0
INVESCO VALUE MUN INCOME TR	COM	46132P108	5	284	SH		OTR	1,2,3	0	284	0
INVESCO VALUE MUN INCOME TR	COM	46132P108	2,085	127,199	SH		DFND	1,2,3	127,199	0	0
JPMORGAN CHASE & CO	COM	46625H100	4,681	74,800	SH		DFND	1,2,3	74,800	0	0
JPMORGAN CHASE & CO	COM	46625H100	560	8,950	SH		OTR	1,2,3	0	8,950	0
KIMCO RLTY CORP	COM	49446R109	176	7,000	SH		DFND	1,2,3	7,000	0	0
KIMCO RLTY CORP	COM	49446R109	50	2,000	SH		OTR	1,2,3	0	2,000	0
KINDER MORGAN INC DEL	COM	49456B101	508	12,000	SH		DFND	1,2,3	12,000	0	0
KINDER MORGAN INC DEL	COM	49456B101	338	8,000	SH		OTR	1,2,3	0	8,000	0
KITE RLTY GROUP TR	COM NEW	49803T300	1,567	54,522	SH		OTR	1,2,3	0	54,522	0
KITE RLTY GROUP TR	COM NEW	49803T300	2,090	72,715	SH		DFND	1,2,3	72,715	0	0
KITE RLTY GROUP TR	PUT	49803T950	425	14,800	SH	Put	DFND	1,2,3	14,800	0	0
MEDICAL PPTYS TRUST INC	COM	58463J304	14,803	1,074,231	SH		OTR	1,2,3,4	0	1,074,231	0
MEDICAL PPTYS TRUST INC	COM	58463J304	3,898	282,900	SH		DFND	1,2,3	282,900	0	0
MEDICAL PPTYS TRUST INC	COM	58463J304	3,852	279,500	SH		OTR	1,2,3	0	279,500	0
MFS INTERMEDIATE HIGH INC FUND	SH BEN INT	59318T109	39	14,500	SH		OTR	1,2,3	0	14,500	0
NGL ENERGY PARTNERS LP	COM UNIT REPST	62913M107	261	9,327	SH		DFND	1,2,3	9,327	0	0
NGL ENERGY PARTNERS LP	COM UNIT REPST	62913M107	126	4,500	SH		OTR	1,2,3	0	4,500	0
NORTHSTAR RLTY FIN CORP	COM NEW	66704R704	448	25,500	SH		OTR	1,2,3,4	0	25,500	0
NORTHSTAR RLTY FIN CORP	COM NEW	66704R704	606	34,495	SH		DFND	1,2,3	34,495	0	0
NORTHSTAR RLTY FIN CORP	COM NEW	66704R704	57	3,233	SH		OTR	1,2,3	0	3,233	0
NORTHSTAR ASSET MGMT GROUP I	COM	66705Y104	576	25,500	SH		OTR	1,2,3,4	0	25,500	0
NORTHSTAR ASSET MGMT GROUP I	COM	66705Y104	779	34,495	SH		DFND	1,2,3	34,495	0	0
NORTHSTAR ASSET MGMT GROUP I	COM	66705Y104	73	3,233	SH		OTR	1,2,3	0	3,233	0
NUVEEN MUN ADVANTAGE FD INC	COM	67062H106	19	1,414	SH		DFND	1,2,3	1,414	0	0
NUVEEN MUN ADVANTAGE FD INC	COM	67062H106	145	10,603	SH		OTR	1,2,3	0	10,603	0
NUVEEN QUALITY MUN FD INC	COM	67062N103	312	23,653	SH		OTR	1,2,3	0	23,653	0
NUVEEN QUALITY MUN FD INC	COM	67062N103	2,525	191,598	SH		DFND	1,2,3	191,598	0	0
NUVEEN DIVID ADVANTAGE MUN F	COM	67066V101	274	19,101	SH		OTR	1,2,3	0	19,101	0
NUVEEN DIVID ADVANTAGE MUN F	COM	67066V101	80	5,597	SH		DFND	1,2,3	5,597	0	0
NUVEEN DIVID ADV MUN FD 3	COM SH BEN INT	67070X101	193	13,971	SH		OTR	1,2,3	0	13,971	0
NUVEEN DIVID ADV MUN FD 3	COM SH BEN INT	67070X101	349	25,344	SH		DFND	1,2,3	25,344	0	0
POTASH CORP SASK INC	COM	73755L107	530	15,000	SH		DFND	1,2,3	15,000	0	0
POTASH CORP SASK INC	COM	73755L107	177	5,000	SH		OTR	1,2,3	0	5,000	0
PROLOGIS INC	COM	74340W103	38	892	SH		OTR	1,2,3	0	892	0
PROLOGIS INC	COM	74340W103	528	12,276	SH		DFND	1,2,3	12,276	0	0
PROSHARES TR II	CALL	74347W909	1,454	19,000	SH	Call	DFND	1,2,3	19,000	0	0
RCS CAP CORP	COM CL A	74937W102	428	35,000	SH		DFND	1,2,3	35,000	0	0
RCS CAP CORP	CALL	74937W902	327	26,700	SH	Call	DFND	1,2,3	26,700	0	0
RCS CAP CORP	PUT	74937W952	2,002	163,600	SH	Put	DFND	1,2,3	163,600	0	0
REGENCY ENERGY PARTNERS L P	COM UNITS L P	75885Y107	336	14,000	SH		DFND	1,2,3	14,000	0	0
REGENCY ENERGY PARTNERS L P	COM UNITS L P	75885Y107	144	6,000	SH		OTR	1,2,3	0	6,000	0
RETAIL PPTYS AMER INC	CL A	76131V202	113,494	6,800,122	SH		OTR	1,2,3	0	6,800,122	0
RETAIL PPTYS AMER INC	CL A	76131V202	62,916	3,769,684	SH		DFND	1,2,3	3,769,684	0	0
SPDR S&P 500 ETF TR	PUT	78462F953	62	300	SH	Put	DFND	1,2,3	300	0	0
SABRA HEALTH CARE REIT INC	COM	78573L106	466	15,334	SH		OTR	1,2,3,4	0	15,334	0
SPIRIT RLTY CAP INC NEW	COM	84860W102	178	15,000	SH		DFND	1,2,3	15,000	0	0
SPIRIT RLTY CAP INC NEW	COM	84860W102	327	27,503	SH		OTR	1,2,3	0	27,503	0
STRATEGIC HOTELS & RESORTS I	COM	86272T106	3,015	227,900	SH		DFND	1,2,3	227,900	0	0
TCP CAP CORP	COM	87238Q103	8	500	SH		OTR	1,2,3	0	500	0
TCP CAP CORP	COM	87238Q103	159	9,500	SH		DFND	1,2,3	9,500	0	0
TESORO LOGISTICS LP	COM UNIT LP	88160T107	383	6,500	SH		DFND	1,2,3	6,500	0	0
TESORO LOGISTICS LP	COM UNIT LP	88160T107	206	3,500	SH		OTR	1,2,3	0	3,500	0
TETRA TECHNOLOGIES INC DEL	COM	88162F105	67	10,000	SH		DFND	1,2,3	10,000	0	0
WESTERN ASSET MTG CAP CORP	COM	95790D105	161	10,970	SH		DFND	1,2,3	10,970	0	0
WILLIAMS PARTNERS L P	COM UNIT L P	96950F104	336	7,500	SH		DFND	1,2,3	7,500	0	0
WILLIAMS PARTNERS L P	COM UNIT L P	96950F104	179	4,000	SH		OTR	1,2,3	0	4,000	0
WINDSTREAM HLDGS INC	COM	97382A101	49	6,000	SH		OTR	1,2,3	0	6,000	0
WINDSTREAM HLDGS INC	COM	97382A101	33	4,000	SH		DFND	1,2,3	4,000	0	0