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

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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMERICAN HOMES 4 RENT CL A 02665T306   39,843 1,266,873 SH   SOLE   1,266,873 0 0
COLLIERS INTL GROUP INC SUB VTG SHS 194693107   7,645 72,433 SH   SOLE   72,433 0 0
DIGITAL RLTY TR INC COM 253868103   15,875 161,474 SH   SOLE   161,474 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108   5,634 83,929 SH   SOLE   83,929 0 0
FIRST INDL RLTY TR INC COM 32054K103   53,740 1,010,142 SH   SOLE   1,010,142 0 0
GRANITE REAL ESTATE INVT TR UNIT 99/99/9999 387437114   15,851 256,123 SH   SOLE   256,123 0 0
INVITATION HOMES INC COM 46187W107   22,863 732,069 SH   SOLE   732,069 0 0
ISHARES TR PUT 464287959   136,689 16,100 SH Put SOLE   16,100 0 0
SUN CMNTYS INC COM 866674104   42,094 298,793 SH   SOLE   298,793 0 0