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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
D R HORTON INC COM 23331A109   10,106,670 66,500 SH   SOLE   66,500 0 0
FIRST INDL RLTY TR INC COM 32054K103   39,900,159 757,550 SH   SOLE   757,550 0 0
HILTON WORLDWIDE HLDGS INC PUT 43300A953   14,567,200 80,000 SH Put SOLE   80,000 0 0
HOST HOTELS & RESORTS INC COM 44107P104   21,825,870 1,121,000 SH   SOLE   1,121,000 0 0
JONES LANG LASALLE INC COM 48020Q107   6,390,416 33,835 SH   SOLE   33,835 0 0
KIMCO RLTY CORP COM 49446R109   9,589,500 450,000 SH   SOLE   450,000 0 0
LENNAR CORP CL A 526057104   9,881,352 66,300 SH   SOLE   66,300 0 0
M/I HOMES INC COM 55305B101   11,078,290 80,429 SH   SOLE   80,429 0 0
MERITAGE HOMES CORP COM 59001A102   10,486,840 60,200 SH   SOLE   60,200 0 0
PROLOGIS INC. COM 74340W103   21,328,000 160,000 SH   SOLE   160,000 0 0
SUN CMNTYS INC COM 866674104   53,298,684 398,793 SH   SOLE   398,793 0 0
TRICON RESIDENTIAL INC COM NPV 89612W102   9,600,500 1,055,000 SH   SOLE   1,055,000 0 0
VENTAS INC COM 92276F100   37,380,000 750,000 SH   SOLE   750,000 0 0