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
ALICO INC COM 016230104 4,595 174,070 SH   OTR   0 174,070 0
BLACKROCK INC COM 09247X101 19,176 50,000 SH   OTR   0 0 50,000
CHATHAM LODGING TR COM 16208T102 9,361 473,974 SH   OTR   0 473,974 0
CIT GROUP INC COM NEW 125581801 12,578 293,000 SH   OTR   0 293,000 0
COLFAX CORP COM 194014106 2,100 53,500 SH   OTR   0 53,500 0
CORNING INC COM 219350105 702 26,000 SH   OTR   0 26,000 0
DRIL-QUIP INC COM 262037104 7,397 135,600 SH   OTR   0 135,600 0
EAGLE MATERIALS INC COM 26969P108 5,828 60,000 SH   OTR   0 0 60,000
EQUITY COMWLTH COM SH BEN INT 294628102 3,390 108,600 SH   OTR   0 108,600 0
FIESTA RESTAURANT GROUP INC COM 31660B101 8,833 365,000 SH   OTR   0 365,000 0
FORESTAR GROUP INC COM 346233109 3,140 230,000 SH   OTR   0 230,000 0
GREEN BRICK PARTNERS INC COM 392709101 2,865 287,974 SH   OTR   0 287,974 0
PAR PACIFIC HOLDINGS INC COM NEW 69888T207 4,002 242,713 SH   OTR   0 242,713 0
REGIS CORP MINN COM 758932107 124,879 10,655,170 SH   OTR   0 10,655,170 0
SELECT COMFORT CORP COM 81616X103 13,318 537,221 SH   OTR   0 537,221 0
SIGNET JEWELERS LIMITED SHS G81276100 9,698 140,000 SH   OTR   0 140,000 0
STARWOOD PPTY TR INC COM 85571B105 6,774 300,000 SH   OTR   0 300,000 0
WALTER INVT MGMT CORP COM 93317W102 8,073 7,474,587 SH   OTR   0 7,474,587 0