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
ACADIA RLTY TR COM SH BEN INT 004239109 1,837 90,000 SH   SOLE   90,000 0 0
AGREE RLTY CORP COM 008492100 993 15,000 SH   SOLE   15,000 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 1,242 6,500 SH   SOLE   6,500 0 0
AMERICAN TOWER CORP NEW COM 03027X100 1,460 5,500 SH   SOLE   5,500 0 0
AMERICOLD RLTY TR COM 03064D108 363 12,500 SH Call SOLE   12,500 0 0
APARTMENT INCOME REIT CORP COM 03750L109 8,786 180,000 SH   SOLE   180,000 0 0
CARETRUST REIT INC COM 14174T107 3,200 157,500 SH   SOLE   157,500 0 0
COLUMBIA PPTY TR INC COM NEW 198287203 3,823 201,000 SH   SOLE   201,000 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 2,698 100,000 SH   SOLE   100,000 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301 1,654 175,000 SH   SOLE   175,000 0 0
DIGITAL RLTY TR INC COM 253868103 2,239 15,500 SH   SOLE   15,500 0 0
DUKE REALTY CORP COM NEW 264411505 3,590 75,000 SH   SOLE   75,000 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 2,773 35,500 SH   SOLE   35,500 0 0
FIRST INDL RLTY TR INC COM 32054K103 2,474 47,500 SH   SOLE   47,500 0 0
FRANKLIN STR PPTYS CORP COM 35471R106 1,392 300,000 SH   SOLE   300,000 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 3,242 70,000 SH   SOLE   70,000 0 0
HEALTHCARE RLTY TR COM 421946104 5,733 192,500 SH   SOLE   192,500 0 0
HEALTHPEAK PROPERTIES INC COM 42250P103 5,357 160,000 SH   SOLE   160,000 0 0
HIGHWOODS PPTYS INC COM 431284108 5,921 135,000 SH   SOLE   135,000 0 0
HOST HOTELS & RESORTS INC COM 44107P104 1,674 102,500 SH   SOLE   102,500 0 0
HUDSON PAC PPTYS INC COM 444097109 3,546 135,000 SH   SOLE   135,000 0 0
INVITATION HOMES INC COM 46187W107 6,324 165,000 SH   SOLE   165,000 0 0
KILROY RLTY CORP COM 49427F108 4,635 70,000 SH   SOLE   70,000 0 0
KITE RLTY GROUP TR COM NEW 49803T300 2,545 125,000 SH   SOLE   125,000 0 0
LEXINGTON REALTY TRUST COM 529043101 2,231 175,000 SH   SOLE   175,000 0 0
MACERICH CO COM 554382101 602 36,000 SH Put SOLE   36,000 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 7,225 360,000 SH   SOLE   360,000 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 6,415 167,500 SH   SOLE   167,500 0 0
NATIONAL HEALTH INVS INC COM 63633D104 1,418 26,500 SH   SOLE   26,500 0 0
NETSTREIT CORP COM 64119V303 2,339 98,900 SH   SOLE   98,900 0 0
PARK HOTELS & RESORTS INC COM 700517105 766 40,000 SH   SOLE   40,000 0 0
PIEDMONT OFFICE REALTY TR IN COM CL A 720190206 7,233 415,000 SH   SOLE   415,000 0 0
REGENCY CTRS CORP COM 758849103 2,862 42,500 SH   SOLE   42,500 0 0
REXFORD INDL RLTY INC COM 76169C100 1,561 27,500 SH   SOLE   27,500 0 0
RPT REALTY SH BEN INT 74971D101 4,657 365,000 SH   SOLE   365,000 0 0
SL GREEN RLTY CORP COM 78440X804 3,082 43,500 SH   SOLE   43,500 0 0
SPIRIT RLTY CAP INC NEW COM NEW 84860W300 3,683 80,000 SH   SOLE   80,000 0 0
SUN CMNTYS INC COM 866674104 2,777 15,000 SH   SOLE   15,000 0 0
UDR INC COM 902653104 7,152 135,000 SH   SOLE   135,000 0 0
VENTAS INC COM 92276F100 2,761 50,000 SH   SOLE   50,000 0 0
VEREIT INC COM 92339V308 5,201 115,000 SH   SOLE   115,000 0 0