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
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 8,218 43,011 SH   SOLE   43,011 0 0
API GROUP CORP COM STK 00187Y100 5,747 282,400 SH   SOLE   282,400 0 0
ARAMARK COM 03852U106 13,187 401,295 SH   SOLE   401,295 0 0
AVALONBAY CMNTYS INC COM 053484101 5,452 24,600 SH   SOLE   24,600 0 0
BURLINGTON STORES INC COM 122017106 7,486 26,400 SH   SOLE   26,400 0 0
CAPRI HOLDINGS LIMITED SHS G1890L107 7,779 160,695 SH   SOLE   160,695 0 0
CENTURY CMNTYS INC COM 156504300 4,218 68,648 SH   SOLE   68,648 0 0
D R HORTON INC COM 23331A109 3,149 37,500 SH   SOLE   37,500 0 0
DECKERS OUTDOOR CORP COM 243537107 4,214 11,700 SH   SOLE   11,700 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 13,611 168,200 SH   SOLE   168,200 0 0
FIVE BELOW INC COM 33829M101 4,155 23,500 SH   SOLE   23,500 0 0
HUDSON PAC PPTYS INC COM 444097109 4,946 188,279 SH   SOLE   188,279 0 0
KILROY RLTY CORP COM 49427F108 3,997 60,370 SH   SOLE   60,370 0 0
MCDONALDS CORP COM 580135101 4,653 19,300 SH   SOLE   19,300 0 0
OREILLY AUTOMOTIVE INC COM 67103H107 6,062 9,920 SH   SOLE   9,920 0 0
PARK HOTELS & RESORTS INC COM 700517105 19,521 1,019,889 SH   SOLE   1,019,889 0 0
ROSS STORES INC COM 778296103 13,156 120,864 SH   SOLE   120,864 0 0
TEXAS ROADHOUSE INC COM 882681109 5,516 60,400 SH   SOLE   60,400 0 0
VORNADO RLTY TR SH BEN INT 929042109 19,203 457,098 SH   SOLE   457,098 0 0
YUM BRANDS INC COM 988498101 4,990 40,800 SH   SOLE   40,800 0 0