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
Aaron's Inc COM 002535300 14,041 501,301 SH   SOLE   501,301 0 0
Aviv REIT, Inc COM 05381L101 10,507 415,474 SH   SOLE   415,474 0 0
Blucora, Inc. COM 095229100 11,141 600,896 SH   SOLE   600,896 0 0
CommonWealth REIT COM 203233101 6,624 286,500 SH   SOLE   286,500 0 0
Consolidated Water Co. Ltd. COM G23773107 3,223 282,000 SH   SOLE   282,000 0 0
The Geo Group, Inc. COM 36159R103 6,254 184,223 SH   SOLE   184,223 0 0
Getty Realty Corp. COM 374297109 11,373 550,760 SH   SOLE   550,760 0 0
H&R Block Inc. COM 093671105 21,388 770,756 SH   SOLE   770,756 0 0
Holloway Lodging Corporation COM 43570P104 4,162 1,241,800 SH   SOLE   1,241,800 0 0
Imperial Holdings, Inc. COM 452834104 9,281 1,354,861 SH   SOLE   1,354,861 0 0
Rent-A-Center, Inc. COM 76009N100 7,960 211,982 SH   SOLE   211,982 0 0
Sabra Health Care REIT, Inc. COM 78573L106 11,706 448,345 SH   SOLE   448,345 0 0
State Bank Financial Corporation COM 856190103 4,434 294,982 SH   SOLE   294,982 0 0
Steinway Musical Instruments Inc. COM 858495104 4,357 143,178 SH   SOLE   143,178 0 0
Valassis Communications Inc. COM 918866104 8,988 365,520 SH   SOLE   365,520 0 0
XO Group Inc. COM 983772104 11,328 1,011,430 SH   SOLE   1,011,430 0 0