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
AMERICAN HOMES 4 RENT CL A 02665T306   30,418,227 858,060 SH   SOLE   858,060 0 0
APARTMENT INCOME REIT CORP COM 03750L109   47,272,017 1,309,837 SH   SOLE   1,309,837 0 0
APARTMENT INVT & MGMT CO CL A 03748R747   66,970,761 7,860,418 SH   SOLE   7,860,418 0 0
CAESARS ENTERTAINMENT INC NE COM 12769G100   17,175,871 336,980 SH   SOLE   336,980 0 0
CBRE GROUP INC CL A 12504L109   21,724,711 269,170 SH   SOLE   269,170 0 0
HOST HOTELS & RESORTS INC COM 44107P104   9,104,626 540,976 SH   SOLE   540,976 0 0
INDEPENDENCE RLTY TR INC COM 45378A106   9,417,918 516,900 SH   SOLE   516,900 0 0
LAMAR ADVERTISING CO NEW CL A 512816109   31,538,673 317,770 SH   SOLE   317,770 0 0
PROLOGIS INC. COM 74340W103   18,192,896 148,356 SH   SOLE   148,356 0 0
PUBLIC STORAGE COM 74460D109   26,879,813 92,092 SH   SOLE   92,092 0 0
REXFORD INDL RLTY INC COM 76169C100   30,268,644 579,637 SH   SOLE   579,637 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104   7,010,045 30,247 SH   SOLE   30,247 0 0
SIX FLAGS ENTMT CORP NEW COM 83001A102   22,340,618 859,916 SH   SOLE   859,916 0 0
SMARTRENT INC COM CL A 83193G107   12,237,650 3,195,209 SH   SOLE   3,195,209 0 0
SUN CMNTYS INC COM 866674104   32,349,123 247,962 SH   SOLE   247,962 0 0
TANGER FACTORY OUTLET CTRS I COM 875465106   25,620,070 1,160,855 SH   SOLE   1,160,855 0 0
VENTAS INC COM 92276F100   41,727,451 882,747 SH   SOLE   882,747 0 0
VICI PPTYS INC COM 925652109   24,711,209 786,230 SH   SOLE   786,230 0 0