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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
APARTMENT INCOME REIT CORP COM 03750L109   95,366,978 2,779,568 SH   SOLE   2,779,568 0 0
BROADMARK RLTY CAP INC *W EXP 11/15/202 11135B118   266 221,664 SH   SOLE   221,664 0 0
EXPEDIA GROUP INC COM NEW 30212P303   21,346,981 243,687 SH   SOLE   243,687 0 0
FEDERAL RLTY INVT TR NEW SH BEN INT NEW 313745101   81,882,210 810,394 SH   SOLE   810,394 0 0
FIRST INDL RLTY TR INC COM 32054K103   53,138,845 1,101,095 SH   SOLE   1,101,095 0 0
GLOBAL MED REIT INC COM NEW 37954A204   16,441,211 1,734,305 SH   SOLE   1,734,305 0 0
HOST HOTELS & RESORTS INC COM 44107P104   43,373,520 2,702,400 SH Put SOLE   2,702,400 0 0
INVENTRUST PPTYS CORP COM NEW 46124J201   17,371,673 733,911 SH   SOLE   733,911 0 0
KILROY RLTY CORP COM 49427F108   15,555,626 402,266 SH   SOLE   402,266 0 0
MASTERBRAND INC COMMON STOCK 57638P104   8,317,835 1,101,700 SH   SOLE   1,101,700 0 0
NATIONAL RETAIL PROPERTIES I COM 637417106   49,649,097 1,084,989 SH   SOLE   1,084,989 0 0
PARK HOTELS & RESORTS INC COM 700517105   69,301,455 5,877,986 SH   SOLE   5,877,986 0 0
SIX FLAGS ENTMT CORP NEW COM 83001A102   33,331,805 1,433,626 SH   SOLE   1,433,626 0 0
SPIRIT RLTY CAP INC NEW COM NEW 84860W300   57,731,193 1,445,810 SH   SOLE   1,445,810 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101   43,912,534 4,545,811 SH   SOLE   4,545,811 0 0