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
AMERICOLD REALTY TRUST INC COM 03064D108   25,567,008 1,194,720 SH   SOLE   1,194,720 0 0
CBRE GROUP INC CL A 12504L109   3,452,927 26,300 SH   SOLE   26,300 0 0
DIGITAL RLTY TR INC COM 253868103   21,096,773 118,969 SH   SOLE   118,969 0 0
EASTGROUP PPTYS INC COM 277276101   15,728,020 98,000 SH   SOLE   98,000 0 0
EMPIRE STATE RLTY TR INC CL A 292104106   28,926,423 2,802,948 SH   SOLE   2,802,948 0 0
EQUINIX INC COM 29444U700   31,186,087 33,075 SH   SOLE   33,075 0 0
HOST HOTELS & RESORTS INC CALL 44107P904   883,008 50,400 SH Call SOLE   50,400 0 0
INVENTRUST PPTYS CORP COM NEW 46124J201   2,697,931 89,543 SH   SOLE   89,543 0 0
INVITATION HOMES INC CALL 46187W907   21,419,900 670,000 SH Call SOLE   670,000 0 0
ISHARES TR US HOME CONS ETF PUT 464288952   201,610,500 1,950,000 SH Put SOLE   1,950,000 0 0
M/I HOMES INC COM 55305B101   5,051,967 37,999 SH   SOLE   37,999 0 0
NEWMARK GROUP INC CL A 65158N102   11,134,042 869,168 SH   SOLE   869,168 0 0
PIEDMONT OFFICE REALTY TR IN COM CL A 720190206   32,270,010 3,526,777 SH   SOLE   3,526,777 0 0
SPDR S&P 500 ETF TR PUT 78462F953   111,355,200 190,000 SH Put SOLE   190,000 0 0
SUN CMNTYS INC CALL 866674904   21,519,750 175,000 SH Call SOLE   175,000 0 0
SUN CMNTYS INC COM 866674104   33,799,534 274,860 SH   SOLE   274,860 0 0
TAYLOR MORRISON HOME CORP COM 87724P106   21,004,212 343,150 SH   SOLE   343,150 0 0
VISTRA CORP COM 92840M102   30,193,530 219,000 SH   SOLE   219,000 0 0