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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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
OPUS BK IRVINE CALIF COMMON 684000102 115,269 3,390,250 SH   SOLE   3,390,250 0 0
TRI POINTE HOMES, INC. COMMON 87265H109 141,194 11,985,905 SH   SOLE   11,985,905 0 0
CAESARS ACQUISITION CO CLASS A 12768T103 15,630 2,553,846 SH   SOLE   2,553,846 0 0
CAESARS ENTMT CORP COMMON 127686103 16,439 2,417,025 SH   SOLE   2,417,025 0 0