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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
APPLE HOSPITALITY REIT INC COM NEW 03784Y200   3,598,190 238,133 SH   SOLE   238,133 0 0
AUTOZONE INC COM 053332102   3,740,040 1,500 SH   SOLE   1,500 0 0
AVALONBAY CMNTYS INC COM 053484101   9,425,646 49,800 SH   SOLE   49,800 0 0
FEDERAL RLTY INVT TR NEW SH BEN INT NEW 313745101   15,932,793 164,646 SH   SOLE   164,646 0 0
HILTON WORLDWIDE HLDGS INC COM 43300A203   8,700,251 59,775 SH   SOLE   59,775 0 0
LIFE STORAGE INC COM 53223X107   3,084,672 23,200 SH   SOLE   23,200 0 0
LOWES COS INC COM 548661107   4,401,150 19,500 SH   SOLE   19,500 0 0
MID-AMER APT CMNTYS INC COM 59522J103   13,667,400 90,000 SH   SOLE   90,000 0 0
NNN REIT INC COM 637417106   8,091,589 189,100 SH   SOLE   189,100 0 0
PERFORMANCE FOOD GROUP CO COM 71377A103   12,996,720 215,749 SH   SOLE   215,749 0 0
YUM BRANDS INC COM 988498101   8,301,639 59,918 SH   SOLE   59,918 0 0