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
ALTISOURCE ASSET MGMT CORP COM 02153X108 2,494 79,799 SH   SOLE   79,799 0 0
DIGITAL RLTY TR INC COM 253868103 2,380 20,000 SH Put SOLE   20,000 0 0
EXTENDED STAY AMER INC UNIT 99/99/9999B 30224P200 951 53,000 SH Call SOLE   53,000 0 0
EXTENDED STAY AMER INC UNIT 99/99/9999B 30224P200 987 55,000 SH   SOLE   55,000 0 0
FRONT YD RESIDENTIAL CORP COM 35904G107 5,432 586,022 SH   SOLE   586,022 0 0
HILTON GRAND VACATIONS INC COM 43283X105 617 20,000 SH Call SOLE   20,000 0 0
HOME DEPOT INC COM 437076102 3,838 20,000 SH Put SOLE   20,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 4,593 30,000 SH Put SOLE   30,000 0 0
ISHARES TR U.S. REAL ES ETF 464287739 3,482 40,000 SH Put SOLE   40,000 0 0
KB HOME COM 48666K109 483 20,000 SH Put SOLE   20,000 0 0
PG&E CORP COM 69331C108 5,696 320,000 SH Call SOLE   320,000 0 0
RETAIL VALUE INC COM 76133Q102 1,559 50,000 SH   SOLE   50,000 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 2,440 20,000 SH Call SOLE   20,000 0 0
UNITI GROUP INC COM 91325V108 404 36,100 SH Put SOLE   36,100 0 0
WHEELER REAL ESTATE INVT TR PFD CNV SER D 963025606 330 23,564 SH   SOLE   23,564 0 0
WYNDHAM HOTELS & RESORTS INC COM 98311A105 900 18,000 SH   SOLE   18,000 0 0
ZAYO GROUP HLDGS INC COM 98919V105 2,069 72,800 SH   SOLE   72,800 0 0
ZAYO GROUP HLDGS INC COM 98919V105 91 3,200 SH Call SOLE   3,200 0 0