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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALLEGION PUB LTD CO ORD SHS G0176J109 22,740 344,958 SH   SOLE   344,958 0 0
BLACK KNIGHT FINL SVCS INC CL A 09214X100 9,890 299,145 SH   SOLE   299,145 0 0
BOYD GAMING CORP COM 103304101 2,921 147,000 SH   SOLE   147,000 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 17,357 1,270,631 SH   SOLE   1,270,631 0 0
CAESARSTONE SDOT-YAM LTD ORD SHS M20598104 28,855 665,786 SH   SOLE   665,786 0 0
CBRE GROUP INC CL A 12504L109 8,645 250,000 SH   SOLE   250,000 0 0
CHATHAM LODGING TR COM 16208T102 8,215 401,117 SH   SOLE   401,117 0 0
COUSINS PPTYS INC COM 222795106 6,931 735,000 SH   SOLE   735,000 0 0
EMPIRE ST RLTY TR INC CL A 292104106 24,943 1,380,377 SH   SOLE   1,380,377 0 0
EQUINIX INC COM PAR $0.001 29444U700 25,704 85,000 SH   SOLE   85,000 0 0
EQUITY COMWLTH COM SH BEN INT 294628102 30,023 1,082,696 SH   SOLE   1,082,696 0 0
EQUITY ONE COM 294752100 22,806 840,000 SH   SOLE   840,000 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 10,315 126,420 SH   SOLE   126,420 0 0
FIRST INDUSTRIAL REALTY TRUS COM 32054K103 20,378 920,850 SH   SOLE   920,850 0 0
FOREST CITY ENTERPRISES INC CL A 345550107 14,408 656,985 SH   SOLE   656,985 0 0
FOUR CORNERS PPTY TR INC COM 35086T109 25,115 1,039,511 SH   SOLE   1,039,511 0 0
GRAMERCY PPTY TR COM 385002100 12,449 1,612,500 SH   SOLE   1,612,500 0 0
HEADWATERS INC COM 42210P102 24,632 1,460,100 SH   SOLE   1,460,100 0 0
HOME DEPOT INC COM 437076102 25,128 190,000 SH   SOLE   190,000 0 0
HUDSON PAC PPTYS INC COM 444097109 14,519 515,970 SH   SOLE   515,970 0 0
KIMCO RLTY CORP COM 49446R109 12,379 467,831 SH   SOLE   467,831 0 0
MACQUARIE INFRASTRUCTURE COR COM 55608B105 16,522 227,569 SH   SOLE   227,569 0 0
MARRIOTT INTL INC NEW CL A 571903202 13,783 205,590 SH   SOLE   205,590 0 0
MARTIN MARIETTA MATLS INC COM 573284106 11,473 84,000 SH   SOLE   84,000 0 0
MCDONALDS CORP COM 580135101 24,219 205,000 SH   SOLE   205,000 0 0
MGM RESORTS INTERNATIONAL COM 552953101 30,059 1,323,000 SH   SOLE   1,323,000 0 0
MOHAWK INDS INC COM 608190104 19,389 102,375 SH   SOLE   102,375 0 0
POST PPTYS INC COM 737464107 20,334 343,705 SH   SOLE   343,705 0 0
ROYAL CARIBBEAN CRUISES LTD COM V7780T103 30,287 299,250 SH   SOLE   299,250 0 0
SBA COMMUNICATIONS CORP COM 78388J106 22,616 215,250 SH   SOLE   215,250 0 0
SERVICEMASTER GLOBAL HLDGS I COM 81761R109 33,001 841,000 SH   SOLE   841,000 0 0
SIMON PPTY GROUP INC NEW COM 828806109 13,781 70,875 SH   SOLE   70,875 0 0
SMITH A O COM 831865209 29,763 388,500 SH   SOLE   388,500 0 0
SNAP ON INC COM 833034101 29,880 174,300 SH   SOLE   174,300 0 0
SPIRIT RLTY CAP INC NEW COM 84860W102 18,006 1,797,055 SH   SOLE   1,797,055 0 0
STARBUCKS CORP COM 855244109 6,492 108,150 SH   SOLE   108,150 0 0
STARWOOD PPTY TR INC COM 85571B105 13,232 643,569 SH   SOLE   643,569 0 0
TREX CO INC COM 89531P105 19,739 518,891 SH   SOLE   518,891 0 0
UNITED RENTALS INC COM 911363109 15,233 210,000 SH   SOLE   210,000 0 0