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
ALEXANDERS INC COM 014752109   563,369 2,816 SH   SOLE   2,816 0 0
AMERICOLD REALTY TRUST INC COM 03064D108   2,996,000 140,000 SH   SOLE   140,000 0 0
APARTMENT INVT & MGMT CO CL A 03748R747   21,225,714 2,335,062 SH   SOLE   2,335,062 0 0
BLACKSTONE MTG TR INC COM CL A 09257W100   3,002,529 172,460 SH   SOLE   172,460 0 0
DIGITALBRIDGE GROUP INC CL A NEW 25401T603   5,681,928 503,717 SH   SOLE   503,717 0 0
ELME COMMUNITIES SH BEN INT 939653101   25,275,148 1,655,216 SH   SOLE   1,655,216 0 0
FIRST INDL RLTY TR INC COM 32054K103   26,446,633 527,561 SH   SOLE   527,561 0 0
INDEPENDENCE RLTY TR INC COM 45378A106   1,133,616 7,334 SH   SOLE   7,334 0 0
INVITATION HOMES INC COM 46187W107   6,671,979 208,695 SH   SOLE   208,695 0 0
REXFORD INDL RLTY INC COM 76169C100   16,555,063 428,222 SH   SOLE   428,222 0 0
STARWOOD PPTY TR INC COM 85571B105   1,231,750 65,000 SH   SOLE   65,000 0 0
VERIS RESIDENTIAL INC COM 554489104   19,028,395 1,144,221 SH   SOLE   1,144,221 0 0