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
BROOKDALE SR LIVING INC COM 112463104 28,402 4,239,031 SH   SOLE   4,239,031 0 0
CUSHMAN WAKEFIELD PLC SHS G2717B108 22,712 1,569,600 SH   SOLE   1,569,600 0 0
D R HORTON INC COM 23331A109 27,764 801,044 SH   SOLE   801,044 0 0
ELDORADO RESORTS INC COM 28470R102 15,520 428,600 SH   SOLE   428,600 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 12,747 193,100 SH   SOLE   193,100 0 0
HILTON WORLDWIDE HLDGS INC COM 43300A203 22,344 311,200 SH   SOLE   311,200 0 0
LIBERTY PPTY TR SH BEN INT 531172104 16,886 403,193 SH   SOLE   403,193 0 0
MACK CALI RLTY CORP COM 554489104 11,745 599,532 SH   SOLE   599,532 0 0
MARRIOTT INTL INC NEW CL A 571903202 10,312 94,990 SH   SOLE   94,990 0 0
MGM RESORTS INTERNATIONAL COM 552953101 40,349 1,663,200 SH   SOLE   1,663,200 0 0
PROLOGIS INC COM 74340W103 16,319 277,914 SH   SOLE   277,914 0 0
QTS RLTY TR INC COM CL A 74736A103 47,248 1,275,247 SH   SOLE   1,275,247 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104 14,373 88,785 SH   SOLE   88,785 0 0
TAUBMAN CTRS INC COM 876664103 50,719 1,114,947 SH   SOLE   1,114,947 0 0
TIER REIT INC COM NEW 88650V208 23,407 1,134,630 SH   SOLE   1,134,630 0 0