The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||||||
| UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
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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 |
| EPR PPTYS | PFD C CNV 5.75% | 26884U208 | 7,029 | 385,986 | SH | SOLE | 0 | 0 | 385,986 | ||
| PREFERRED APT CMNTYS | COM | 74039L103 | 2,654 | 349,231 | SH | SOLE | 349,231 | 0 | 0 | ||
| BRAEMAR HOTELS & RES | 5.5 CUM CV PFD B | 10482B200 | 1,422 | 140,927 | SH | SOLE | 0 | 0 | 140,927 | ||
| QTS RLTY TR INC | 6.50% CON PFD B | 74736A301 | 7,941 | 55,884 | SH | SOLE | 0 | 0 | 55,884 | ||
| GLOBAL NET LEASE INC | COM NEW | 379378201 | 6,648 | 397,390 | SH | SOLE | 397,390 | 0 | 0 | ||
| PLYMOUTH INDL REIT I | COM | 729640102 | 4,987 | 389,594 | SH | SOLE | 389,594 | 0 | 0 | ||
| EPR PPTYS | CONV PFD 9% SR E | 26884U307 | 3,246 | 125,963 | SH | SOLE | 0 | 0 | 125,963 | ||
| BLACKSTONE MTG TR IN | NOTE 4.375% 5/0 | 09257WAB6 | 6,292 | 6,689,000 | PRN | SOLE | 0 | 0 | 6,689,000 | ||
| RLJ LODGING TR | CUM CONV PFD A | 74965L200 | 4,425 | 202,163 | SH | SOLE | 0 | 0 | 202,163 | ||
| EXTENDED STAY AMER I | UNIT 99/99/9999B | 30224P200 | 4,465 | 398,986 | SH | SOLE | 0 | 0 | 398,986 | ||
| OFFICE PPTYS INCOME | COM SHS BEN INT | 67623C109 | 5,181 | 199,492 | SH | SOLE | 199,492 | 0 | 0 | ||
| TWO HBRS INVT CORP | NOTE 6.250% 1/1 | 90187BAA9 | 995 | 1,000,000 | PRN | SOLE | 0 | 0 | 1,000,000 | ||
| BLACKSTONE MTG TR IN | COM CL A | 09257W100 | 3,147 | 130,618 | SH | SOLE | 0 | 0 | 130,618 | ||
| SL GREEN RLTY CORP | COM | 78440X101 | 27,085 | 549,497 | SH | SOLE | 549,497 | 0 | 0 | ||