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
CAESARS ENTMT CORP COM 127686103 10,491 1,545,104 SH   SOLE   1,545,104 0 0
D R HORTON INC COM 23331A109 7,366 212,526 SH   SOLE   212,526 0 0
ESSENTIAL PPTYS RLTY TR INC COM 29670E107 7,894 570,344 SH   SOLE   570,344 0 0
EXTENDED STAY AMER INC UNIT 99/99/9999B 30224P200 20,873 1,346,619 SH   SOLE   1,346,619 0 0
HUDSON PAC PPTYS INC COM 444097109 20,680 711,633 SH   SOLE   711,633 0 0
JBG SMITH PPTYS COM 46590V100 5,254 150,928 SH   SOLE   150,928 0 0
LEXINGTON REALTY TRUST COM 529043101 8,280 1,008,569 SH   SOLE   1,008,569 0 0
LIBERTY PPTY TR SH BEN INT 531172104 9,843 235,019 SH   SOLE   235,019 0 0
MACERICH CO COM 554382101 8,285 191,434 SH   SOLE   191,434 0 0
NEW SR INVT GROUP INC COM 648691103 10,020 2,431,988 SH   SOLE   2,431,988 0 0
NEW SR INVT GROUP INC COM 648691103 1,298 315,000 SH Call SOLE   315,000 0 0
PLAYA HOTELS & RESORTS NV SHS N70544106 11,182 1,555,257 SH   SOLE   1,555,257 0 0
SPIRIT MTA REIT COM SHS BEN IN 84861U105 143 20,076 SH   SOLE   20,076 0 0
VORNADO RLTY TR SH BEN INT 929042109 13,749 221,658 SH   SOLE   221,658 0 0
WYNDHAM HOTELS & RESORTS INC COM 98311A105 12,557 276,766 SH   SOLE   276,766 0 0