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
BLACKSTONE MTG TR INC COM CL A 09257W100 163,276 5,263,579 SH   SOLE   5,871,368 0 0
C&J ENERGY SVCS INC NEW COM 12674R100 150,468 5,020,635 SH   OTR 1 0 5,020,635 0
CHENIERE ENERGY PARTNERS LP COM UNIT 16411Q101 5,766,307 200,080,055 SH   OTR 2 0 200,080,055 0
CHENIERE ENERGY PARTNERS LP COM UNIT 16411Q101 68,322 2,370,632 SH   OTR 1 0 2,370,632 0
CHENIERE ENERGY PTNRS LP HLD COM REP LLC IN 16411W108 13,744 548,012 SH   OTR 1 0 548,012 0
CLEAR CHANNEL OUTDOOR HLDGS CL A 18451C109 5,572 1,198,257 SH   OTR 1 0 1,198,257 0
COMSTOCK RES INC NOTE 7.750% 4/0 205768AM6 846 1,044,347 PRN   OTR 1 0 1,044,347 0
COMSTOCK RES INC NOTE 9.500% 6/1 205768AN4 1,720 2,149,731 PRN   OTR 1 0 2,149,731 0
CVR PARTNERS LP COM 126633106 19,135 5,924,085 SH   OTR 1 0 5,924,085 0
EASTMAN KODAK CO COM NEW 277461406 65,233 8,875,211 SH   OTR 1 0 8,875,211 0
EASTMAN KODAK CO *W EXP 09/03/201 277461133 17 115,410 SH   OTR 1 0 115,410 0
EASTMAN KODAK CO *W EXP 09/03/201 277461141 14 115,410 SH   OTR 1 0 115,410 0
ECLIPSE RES CORP COM 27890G100 8,525 3,410,000 SH   OTR 1 0 3,410,000 0
ELLINGTON RESIDENTIAL MTG RE COM SHS BEN INT 288578107 39,054 2,689,702 SH   SOLE   2,689,702 0 0
EXTENDED STAY AMER INC UNIT 99/99/9999B 30224P200 2,114 105,716 SH   SOLE   105,716 0 0
FS INVT CORP COM 302635107 722 85,454 SH   SOLE   85,454 0 0
GOGO INC COM 38046C109 4,151 351,502 SH   OTR 1 0 351,502 0
GREAT LAKES DREDGE & DOCK CO COM 390607109 1,841 379,528 SH   OTR 1 0 379,528 0
GRUPO TELEVISA SA SPON ADR REP ORD 40049J206 189,506 7,681,629 SH   SOLE   7,681,629 0 0
HILTON GRAND VACATIONS INC COM 43283X105 2,251 58,265 SH   SOLE   58,265 0 0
HILTON WORLDWIDE HLDGS INC COM 43300A203 2,290,994 32,987,669 SH   SOLE   32,987,669 0 0
HOVNANIAN ENTERPRISES INC CL A 442487203 6,015 3,116,811 SH   OTR 1 0 3,116,811 0
INVITATION HOMES INC COM 46187W107 4,981,762 219,945,349 SH   SOLE   219,945,349 0 0
JONES ENERGY INC COM CL A 48019R108 1,657 863,034 SH   OTR 1 0 863,034 0
KOSMOS ENERGY LTD SHS G5315B107 422,298 53,052,512 SH   OTR 2 0 53,052,512 0
LA QUINTA HLDGS INC COM 50420D108 615,529 35,173,076 SH   SOLE   35,173,076 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 1,564 119,100 SH Put SOLE   119,100 0 0
MICHAELS COS INC COM 59408Q106 437,849 20,393,531 SH   OTR 2 0 20,393,531 0
NANTHEALTH INC COM 630104107 2,460 597,037 SH   OTR 2 0 597,037 0
PACIFIC BIOSCIENCES CALIF IN COM 69404D108 12,661 2,411,556 SH   SOLE   2,411,556 0 0
PARK HOTELS RESORTS INC COM 700517105 479,202 17,387,587 SH   SOLE   17,387,587 0 0
SANCHEZ ENERGY CORP COM 79970Y105 9,423 1,955,000 SH   OTR 1 0 1,955,000 0
SANDRIDGE ENERGY INC COM NEW 80007P869 3,475 172,996 SH   OTR 1 0 172,996 0
SCORPIO TANKERS INC SHS Y7542C106 14,310 4,172,009 SH   OTR 1 0 4,172,009 0
SOCIAL CAP HEDOSOPHIA HLDGS UNIT 99/99/9999 G8250R111 36,925 3,500,000 SH   SOLE   3,500,000 0 0
SPDR SERIES TRUST S&P REGL BKG 78464A698 22,704 400,000 SH Put SOLE   400,000 0 0
TARGA RES CORP COM 87612G101 12,218 258,302 SH   SOLE   258,302 0 0
TPG RE FIN TR INC COM 87266M107 9,507 480,900 SH   SOLE   480,900 0 0
TRANSPORTADORA DE GAS SUR SPON ADR B 893870204 6,429 316,550 SH   SOLE   316,550 0 0
VIVINT SOLAR INC COM 92854Q106 280,022 82,359,374 SH   OTR 2 0 82,359,374 0
WARRIOR MET COAL INC COM 93627C101 139,564 5,921,276 SH   OTR 1 0 5,921,276 0
WMIH CORP COM 92936P100 65 68,897 SH   OTR 1 0 68,897 0