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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

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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
GGP INC COM 36174X101 60,252 2,557,366 SH   DFND (1) 2,557,366 0 0
MONOGRAM RESIDENTIAL TR INC COM 60979P105 161,729 16,655,932 SH   DFND (1) 16,655,932 0 0
SL GREEN RLTY CORP COM 78440X101 41,474 392,008 SH   DFND (1) 392,008 0 0
TAUBMAN CTRS INC COM 876664103 86,338 1,449,837 SH   DFND (1) 1,449,837 0 0
TIER REIT INC COM NEW 88650V208 14,245 770,837 SH   DFND (1) 770,837 0 0