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
CORECIVIC INC COM 21871N101 8,690 500,000 SH Put SOLE   500,000 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301 13,462 1,215,000 SH   SOLE   1,215,000 0 0
EASTERLY GOVT PPTYS INC COM 27616P103 46,048 1,940,500 SH   SOLE   1,940,500 0 0
FIVE STAR SENIOR LIVING INC COM NEW 33832D205 701 189,080 SH   SOLE   189,080 0 0
FRONT YD RESIDENTIAL CORP COM 35904G107 4,628 375,000 SH Call SOLE   375,000 0 0
FRONT YD RESIDENTIAL CORP COM 35904G107 14,115 1,143,803 SH   SOLE   1,143,803 0 0
GENESIS HEALTHCARE INC CL A COM 37185X106 8,409 5,127,230 SH   SOLE   5,127,230 0 0
HOST HOTELS & RESORTS INC COM 44107P104 13,449 725,000 SH   SOLE   725,000 0 0
INTERXION HOLDING N.V SHS N47279109 21,874 261,000 SH   SOLE   261,000 0 0
JBG SMITH PPTYS COM 46590V100 100,695 2,524,315 SH   SOLE   2,524,315 0 0
LIBERTY PPTY TR SH BEN INT 531172104 55,417 922,855 SH   SOLE   922,855 0 0
MACK CALI RLTY CORP COM 554489104 16,966 733,500 SH   SOLE   733,500 0 0
MADISON SQUARE GARDEN CO NEW CL A 55825T103 11,032 37,500 SH   SOLE   37,500 0 0
NEW SR INVT GROUP INC COM 648691103 9,339 1,220,779 SH   SOLE   1,220,779 0 0
QTS RLTY TR INC COM CL A 74736A103 57,538 1,060,210 SH   SOLE   1,060,210 0 0
RMR GROUP INC CL A 74967R106 6,447 141,259 SH   SOLE   141,259 0 0
SPIRIT RLTY CAP INC NEW COM NEW 84860W300 95,846 1,948,872 SH   SOLE   1,948,872 0 0