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
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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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Academy Sports and Outdoors, Inc. Common Stocks 00402L107 5,268 120,000 SH   SOLE   120,000 0 0
ArcBest Corporation Common Stocks 03937C105 20,375 170,000 SH   SOLE   170,000 0 0
AvalonBay Communities, Inc. Common Stocks 053484101 26,522 105,000 SH   SOLE   105,000 0 0
Bank of America Corporation Common Stocks 060505104 8,898 200,000 SH   SOLE   200,000 0 0
Builders FirstSourse, Inc. Common Stocks 12008R107 39,427 460,000 SH   SOLE   460,000 0 0
C.H. Robinson Worldwide, Inc. Common Stocks 12541W209 18,835 175,000 SH   SOLE   175,000 0 0
Callon Petroleum Company Common Stocks 13123X508 8,033 170,000 SH   SOLE   170,000 0 0
Camden Property Trust Common Stocks 133131102 7,147 40,000 SH   SOLE   40,000 0 0
CBRE Group, Inc. Common Stocks 12504L109 27,670 255,000 SH   SOLE   255,000 0 0
Centerspace Common Stocks 15202L107 20,184 182,000 SH   SOLE   182,000 0 0
Century Communities, Inc. Common Stocks 156504300 4,907 60,000 SH   SOLE   60,000 0 0
Citigroup Inc. Common Stocks 172967424 15,098 250,000 SH   SOLE   250,000 0 0
CubeSmart Common Stocks 229663109 23,902 420,000 SH   SOLE   420,000 0 0
Cushman & Wakefield plc Common Stocks G2717B108 12,232 550,000 SH   SOLE   550,000 0 0
Customers Bancorp, Inc. Common Stocks 23204G100 10,132 155,000 SH   SOLE   155,000 0 0
CVS HEALTH Corp. Common Stocks 126650100 43,327 420,000 SH   SOLE   420,000 0 0
D.R. Horton, Inc. Common Stocks 23331A109 17,352 160,000 SH   SOLE   160,000 0 0
Devon Energy Corporation Common Stocks 25179M103 18,501 420,000 SH   SOLE   420,000 0 0
Diamondback Energy, Inc. Common Stocks 25278X109 33,434 310,000 SH   SOLE   310,000 0 0
DiamondRock Hospitality Company Common Stocks 252784301 1,922 200,000 SH   SOLE   200,000 0 0
Dicks Sporting Goods,Inc. Common Stocks 253393102 5,750 50,000 SH   SOLE   50,000 0 0
EOG Resources, Inc. Common Stocks 26875P101 7,106 80,000 SH   SOLE   80,000 0 0
Equity Residential Common Stocks 29476L107 21,268 235,000 SH   SOLE   235,000 0 0
Extra Space Storage Inc. Common Stocks 30225T102 22,673 100,000 SH   SOLE   100,000 0 0
Federal Realty Investment Trust Common Stocks 313747206 25,901 190,000 SH   SOLE   190,000 0 0
Foot Locker, Inc. Common Stocks 344849104 19,634 450,000 SH   SOLE   450,000 0 0
GMS Inc. Common Stocks 36251C103 4,809 80,000 SH   SOLE   80,000 0 0
Host Hotels & Resorts, Inc. Common Stocks 44107P104 5,217 300,000 SH   SOLE   300,000 0 0
Jones Lang LaSalle Incorporated Common Stocks 48020Q107 35,014 130,000 SH   SOLE   130,000 0 0
Knight-Swift Transportation Holdings Inc. Common Stocks 499049104 6,703 110,000 SH   SOLE   110,000 0 0
Lennar Corporation Common Stocks 526057104 22,070 190,000 SH   SOLE   190,000 0 0
Life Storage, Inc. Common Stocks 53223X107 27,572 180,000 SH   SOLE   180,000 0 0
Lockheed Martin Corporation Common Stocks 539830109 3,554 10,000 SH   SOLE   10,000 0 0
Louisiana-Pacific Corporation Common Stocks 546347105 11,361 145,000 SH   SOLE   145,000 0 0
M/I Homes, Inc. Common Stocks 55305B101 4,353 70,000 SH   SOLE   70,000 0 0
Meritage Homes Corporation Common Stocks 59001A102 14,647 120,000 SH   SOLE   120,000 0 0
Mid-America Apartment Communities, Inc. Common Stocks 59522J103 9,178 40,000 SH   SOLE   40,000 0 0
National Storage Affiliates Trust Common Stocks 637870106 24,912 360,000 SH   SOLE   360,000 0 0
Newmark Group, Inc. Common Stocks 65158N102 9,911 530,000 SH   SOLE   530,000 0 0
NexPoint Residential Trust, Inc. Common Stocks 65341D102 28,586 341,000 SH   SOLE   341,000 0 0
Northrop Grumman Corporation Common Stocks 666807102 3,871 10,000 SH   SOLE   10,000 0 0
Oasis Petroleum Inc. Common Stocks 674215207 15,119 120,000 SH   SOLE   120,000 0 0
Park Hotels & Resorts Inc. Common Stocks 700517105 21,712 1,150,000 SH   SOLE   1,150,000 0 0
Pioneer Natural Resources Company Common Stocks 723787107 18,188 100,000 SH   SOLE   100,000 0 0
Prudential Financial, Inc. Common Stocks 744320102 38,966 360,000 SH   SOLE   360,000 0 0
Public Storage Common Stocks 74460D109 18,728 50,000 SH   SOLE   50,000 0 0
Ryman Hospitality Properties, Inc. Common Stocks 78377T107 25,749 280,000 SH   SOLE   280,000 0 0
Signet Jewelers Limited Common Stocks G81276100 44,651 513,052 SH   SOLE   513,052 0 0
Simon Property Group, Inc. Common Stocks 828806109 31,954 200,000 SH   SOLE   200,000 0 0
Sunstone Hotel Investors, Inc. Common Stocks 867892101 22,874 1,950,000 SH   SOLE   1,950,000 0 0
Tanger Factory Outlet Centers, Inc. Common Stocks 875465106 16,388 850,000 SH   SOLE   850,000 0 0
Target Corporation Common Stocks 87612E110 6,943 30,000 SH   SOLE   30,000 0 0
Taylor Morrison Home Corporation Common Stocks 87724P106 3,846 110,000 SH   SOLE   110,000 0 0
Tenet Healthcare Corporation Common Stocks 88033G407 39,211 480,000 SH   SOLE   480,000 0 0
Textron Inc. Common Stocks 883203101 10,422 135,000 SH   SOLE   135,000 0 0
The Buckle, Inc. Common Stocks 118440106 35,540 840,000 SH   SOLE   840,000 0 0
The Howard Hughes Corporation Common Stocks 44267D107 13,231 130,000 SH   SOLE   130,000 0 0
Toll Brothers, Inc. Common Stocks 889478103 8,687 120,000 SH   SOLE   120,000 0 0
TRI Pointe Group, Inc. Common Stocks 87265H109 1,116 40,000 SH   SOLE   40,000 0 0
UDR, Inc. Common Stocks 902653104 17,997 300,000 SH   SOLE   300,000 0 0
Wells Fargo & Company Common Stocks 949746101 9,596 200,000 SH   SOLE   200,000 0 0
West Fraser Timber Co. LTD. Common Stocks 952845105 10,490 110,000 SH   SOLE   110,000 0 0