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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
APARTMENT INCOME REIT CORP COM 03750L109   76,002,762 2,475,660 SH   SOLE   2,475,660 0 0
CUSHMAN WAKEFIELD PLC SHS G2717B108   27,307,009 3,583,597 SH   SOLE   3,583,597 0 0
D R HORTON INC PUT 23331A959   13,971,100 130,000 SH Put SOLE   130,000 0 0
DOUGLAS EMMETT INC COM 25960P109   52,986,104 4,152,516 SH   SOLE   4,152,516 0 0
EPR PPTYS COM SH BEN INT 26884U109   42,623,405 1,026,081 SH   SOLE   1,026,081 0 0
FEDERAL RLTY INVT TR NEW SH BEN INT NEW 313745101   63,361,880 699,127 SH   SOLE   699,127 0 0
HEALTHCARE RLTY TR CL A COM 42226K105   168,128,823 11,010,401 SH   SOLE   11,010,401 0 0
INVENTRUST PPTYS CORP COM NEW 46124J201   14,646,650 615,147 SH   SOLE   615,147 0 0
KILROY RLTY CORP COM 49427F108   35,571,934 1,125,338 SH   SOLE   1,125,338 0 0
NNN REIT INC COM 637417106   94,761,878 2,681,434 SH   SOLE   2,681,434 0 0
OUTFRONT MEDIA INC COM 69007J106   12,117,414 1,199,744 SH   SOLE   1,199,744 0 0
PARAMOUNT GROUP INC COM 69924R108   8,379,373 1,813,717 SH   SOLE   1,813,717 0 0
PARK HOTELS & RESORTS INC COM 700517105   84,206,720 6,834,961 SH   SOLE   6,834,961 0 0
PULTE GROUP INC PUT 745867951   38,350,495 517,900 SH Put SOLE   517,900 0 0
PROLOGIS INC. PUT 74340W953   17,471,097 155,700 SH Put SOLE   155,700 0 0
SIX FLAGS ENTMT CORP NEW COM 83001A102   81,535,548 3,468,122 SH   SOLE   3,468,122 0 0
SPIRIT RLTY CAP INC NEW COM NEW 84860W300   105,650,213 3,150,916 SH   SOLE   3,150,916 0 0
SUN CMNTYS INC COM 866674104   65,134,454 550,401 SH   SOLE   550,401 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101   89,570,494 9,579,732 SH   SOLE   9,579,732 0 0
VENTAS INC COM 92276F100   56,814,538 1,348,553 SH   SOLE   1,348,553 0 0
VORNADO RLTY TR SH BEN INT 929042109   27,901,254 1,230,214 SH   SOLE   1,230,214 0 0
WP CAREY INC COM 92936U109   7,003,198 129,497 SH   SOLE   129,497 0 0