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
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 36,905 2,186,300 SH   SOLE   2,186,300 0 0
BRIXMOR PPTY GROUP INC COM 11120U105 6,729 386,039 SH   SOLE   386,039 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 22,177 765,000 SH   SOLE   765,000 0 0
FOREST CITY RLTY TR INC COM CL A 345605109 70,121 3,074,141 SH   SOLE   3,074,141 0 0
GENESIS HEALTHCARE INC CL A COM 37185X106 5,771 2,520,164 SH   SOLE   2,520,164 0 0
JBG SMITH PPTYS COM 46590V100 52,577 1,441,659 SH   SOLE   1,441,659 0 0
LIBERTY PPTY TR SH BEN INT 531172104 80,133 1,807,650 SH   SOLE   1,807,650 0 0
MACERICH CO COM 554382101 66,787 1,175,201 SH   SOLE   1,175,201 0 0
QTS RLTY TR INC COM CL A 74736A103 8,787 222,450 SH   SOLE   222,450 0 0
SAFETY INCOME & GROWTH INC COM 78649D104 5,741 302,613 SH   SOLE   302,613 0 0
SPIRIT MTA REIT COM SHS BEN IN 84861U105 8,476 822,879 SH   SOLE   822,879 0 0
SPIRIT RLTY CAP INC NEW COM 84860W102 65,942 8,211,902 SH   SOLE   8,211,902 0 0
VORNADO RLTY TR SH BEN INT 929042109 41,617 563,000 SH   SOLE   563,000 0 0
WEINGARTEN RLTY INVS SH BEN INT 948741103 3,438 111,600 SH   SOLE   111,600 0 0