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
AT&T INC COMMON 00206R102 217 5,540 SH   SOLE 12 5,540 0 0
AMAZON COM INC COMMON 023135106 303 315 SH   SOLE 12 315 0 0
APPLE INC COMMON 037833100 677 4,394 SH   SOLE 12 4,394 0 0
BANK AMER CORP COMMON 060505104 224 8,843 SH   SOLE 12 8,843 0 0
FACEBOOK INC COMMON 30303M102 276 1,618 SH   SOLE 12 1,618 0 0
GREAT AJAX CORP COMMON 38983D300 1,948 138,236 SH   SOLE 12 138,236 0 0
ISHARES TR COMMON 464287150 47,833 830,000 SH   SOLE 12 830,000 0 0
ISHARES TR COMMON 464287200 690,732 2,730,923 SH   SOLE 12 2,730,923 0 0
ISHARES TR COMMON 464287242 147,483 1,216,554 SH   SOLE 12 1,216,554 0 0
ISHARES TR COMMON 464288513 10,576 119,150 SH   SOLE 11 119,150 0 0
ISHARES TR COMMON 464288513 292,604 3,296,580 SH   SOLE 12 3,296,580 0 0
ISHARES TR COMMON 464288638 116,439 1,057,000 SH   SOLE 11 1,057,000 0 0
ISHARES TR COMMON 464288638 3,525 32,000 SH   SOLE 12 32,000 0 0
ISHARES TR COMMON 46429B697 35,741 710,000 SH   SOLE 12 710,000 0 0
ISHARES TR COMMON 46432F842 35,734 556,859 SH   SOLE 12 556,859 0 0
JPMORGAN CHASE & CO COMMON 46625H100 288 3,018 SH   SOLE 12 3,018 0 0
JOHNSON & JOHNSON COMMON 478160104 300 2,310 SH   SOLE 12 2,310 0 0
MEDEQUITIES RLTY TR INC COMMON 58409L306 1,830 155,713 SH   SOLE 12 155,713 0 0
MICROSOFT CORP COMMON 594918104 408 5,473 SH   SOLE 12 5,473 0 0
SPDR S&P 500 ETF TR COMMON 78462F103 39,115 115,694 SH   SOLE 11 115,694 0 0
SPDR S&P 500 ETF TR COMMON 78462F103 266,539 1,060,937 SH   SOLE 12 1,060,937 0 0
ISHARES TR COMMON 464287168 32,590 348,000 SH   SOLE 12 348,000 0 0
PROCTER AND GAMBLE CO COMMON 742718109 209 2,294 SH   SOLE 12 2,294 0 0
BERKSHIRE HATHAWAY INC DEL COMMON 084670702 208 1,133 SH   SOLE 12 1,133 0 0
CHEVRON CORP NEW COMMON 166764100 204 1,733 SH   SOLE 12 1,733 0 0
EXXON MOBIL CORP COMMON 30231G102 298 3,630 SH   SOLE 12 3,630 0 0
ISHARES TR COMMON 464287622 237,395 1,697,134 SH   SOLE 12 1,697,134 0 0
ISHARES TR COMMON 46434V407 19,945 417,000 SH   SOLE 12 417,000 0 0