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
ACADIA RLTY TR COM SH BEN INT 004239109   534,358 26,519 SH   SOLE   26,519 0 0
AMERICAN HOMES 4 RENT CL A 02665T306   469,989 14,135 SH   SOLE   14,135 0 0
AMERICOLD REALTY TRUST INC COM 03064D108   449,208 36,700 SH Call SOLE   36,700 0 0
AMERICOLD REALTY TRUST INC COM 03064D108   378,277 30,905 SH   SOLE   30,905 0 0
ARMADA HOFFLER PPTYS INC COM 04208T108   288,868 41,208 SH   SOLE   41,208 0 0
CAMDEN PPTY TR SH BEN INT 133131102   498,129 4,665 SH   SOLE   4,665 0 0
CENTERSPACE COM 15202L107   1,136,122 19,289 SH   SOLE   19,289 0 0
ELME COMMUNITIES SH BEN INT 939653101   372,606 22,100 SH Call SOLE   22,100 0 0
ELME COMMUNITIES SH BEN INT 939653101   180,604 10,712 SH   SOLE   10,712 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108   497,740 8,200 SH   SOLE   8,200 0 0
FRONTVIEW REIT INC COM 35922N100   1,006,986 73,449 SH   SOLE   73,449 0 0
IAC INC COM NEW 44891N208   27,258,078 800,061 SH   SOLE   800,061 0 0
INDEPENDENCE RLTY TR INC COM 45378A106   752,825 45,932 SH   SOLE   45,932 0 0
JACK IN THE BOX INC COM 466367109   879,251 44,474 SH   SOLE   44,474 0 0
PEAKSTONE REALTY TRUST COMMON SHARES 39818P799   501,263 38,206 SH   SOLE   38,206 0 0
PLYMOUTH INDL REIT INC COM 729640102   458,435 20,530 SH   SOLE   20,530 0 0
SILA REALTY TRUST INC COMMON STOCK 146280508   518,064 20,640 SH   SOLE   20,640 0 0
WYNDHAM HOTELS & RESORTS INC COM 98311A105   492,983 6,170 SH   SOLE   6,170 0 0