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   3,540,900 165,000 SH   SOLE   165,000 0 0
APARTMENT INVT & MGMT CO CL A 03748R747   22,683,320 2,577,650 SH   SOLE   2,577,650 0 0
BLACKSTONE MTG TR INC COM CL A 09257W100   3,449,200 172,460 SH   SOLE   172,460 0 0
DIGITALBRIDGE GROUP INC CL A NEW 25401T603   4,411,913 500,217 SH   SOLE   500,217 0 0
ELME COMMUNITIES SH BEN INT 939653101   39,944,727 2,295,674 SH   SOLE   2,295,674 0 0
FIRST INDL RLTY TR INC COM 32054K103   25,715,231 476,541 SH   SOLE   476,541 0 0
INVITATION HOMES INC COM 46187W107   7,349,690 210,895 SH   SOLE   210,895 0 0
KITE RLTY GROUP TR COM NEW 49803T300   398,186 17,800 SH   SOLE   17,800 0 0
LENNAR CORP CL A 526057104   2,760,459 24,050 SH   SOLE   24,050 0 0
REXFORD INDL RLTY INC COM 76169C100   19,446,666 496,722 SH   SOLE   496,722 0 0
STARWOOD PPTY TR INC COM 85571B105   1,087,350 55,000 SH   SOLE   55,000 0 0
VERIS RESIDENTIAL INC COM 554489104   19,093,729 1,128,471 SH   SOLE   1,128,471 0 0