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
AMERICOLD RLTY TR COM 03064D108 44,082 1,444,844 SH   SOLE   1,444,844 0 0
APARTMENT INVT & MGMT CO CL A 03748R754 15,653 311,263 SH   SOLE   311,263 0 0
BOOKING HLDGS INC COM 09857L108 1,745 1,000 SH   SOLE   1,000 0 0
BOYD GAMING CORP COM 103304101 20,865 762,600 SH   SOLE   762,600 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 21,096 1,330,126 SH   SOLE   1,330,126 0 0
CAMDEN PPTY TR SH BEN INT 133131102 16,281 160,405 SH   SOLE   160,405 0 0
COUSINS PPTYS INC COM 222795106 6,897 714,000 SH   SOLE   714,000 0 0
D R HORTON INC COM 23331A109 19,656 475,000 SH   SOLE   475,000 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301 8,918 823,450 SH   SOLE   823,450 0 0
DUNKIN BRANDS GROUP INC COM 265504100 751 10,000 SH   SOLE   10,000 0 0
ELDORADO RESORTS INC COM 28470R102 21,113 452,185 SH   SOLE   452,185 0 0
EMPIRE ST RLTY TR INC CL A 292104106 10,744 680,000 SH   SOLE   680,000 0 0
FIRST INDUSTRIAL REALTY TRUS COM 32054K103 30,374 859,000 SH   SOLE   859,000 0 0
FOUR CORNERS PPTY TR INC COM 35086T109 21,566 728,575 SH   SOLE   728,575 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 39,762 1,030,901 SH   SOLE   1,030,901 0 0
GDS HLDGS LTD SPONSORED ADS 36165L108 24,202 678,122 SH   SOLE   678,122 0 0
HCP INC COM 40414L109 10,955 350,000 SH   SOLE   350,000 0 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 8,530 298,369 SH   SOLE   298,369 0 0
HILTON WORLDWIDE HLDGS INC COM 43300A203 7,064 85,000 SH   SOLE   85,000 0 0
HUDSON PAC PPTYS INC COM 444097109 34,354 998,072 SH   SOLE   998,072 0 0
INTERXION HOLDING N.V SHS N47279109 21,687 325,000 SH   SOLE   325,000 0 0
INVITATION HOMES INC COM 46187W107 19,281 792,475 SH   SOLE   792,475 0 0
JBG SMITH PPTYS COM 46590V100 24,359 589,088 SH   SOLE   589,088 0 0
LENNAR CORP CL A 526057104 9,189 187,188 SH   SOLE   187,188 0 0
LIBERTY PPTY TR SH BEN INT 531172104 9,679 199,900 SH   SOLE   199,900 0 0
MACQUARIE INFRASTRUCTURE COR COM 55608B105 26,059 632,188 SH   SOLE   632,188 0 0
MGM RESORTS INTERNATIONAL COM 552953101 15,781 615,000 SH   SOLE   615,000 0 0
NATIONAL RETAIL PPTYS INC COM 637417106 6,852 123,700 SH   SOLE   123,700 0 0
PROLOGIS INC COM 74340W103 8,634 120,000 SH   SOLE   120,000 0 0
PUBLIC STORAGE COM 74460D109 8,967 41,176 SH   SOLE   41,176 0 0
QTS RLTY TR INC COM CL A 74736A103 38,736 861,000 SH   SOLE   861,000 0 0
REGENCY CTRS CORP COM 758849103 8,301 123,000 SH   SOLE   123,000 0 0
ROYAL CARIBBEAN CRUISES LTD COM V7780T103 19,462 169,800 SH   SOLE   169,800 0 0
STARWOOD PPTY TR INC COM 85571B105 14,591 652,833 SH   SOLE   652,833 0 0
SUN CMNTYS INC COM 866674104 11,207 94,560 SH   SOLE   94,560 0 0
TIER REIT INC COM NEW 88650V208 11,464 400,000 SH   SOLE   400,000 0 0
VULCAN MATLS CO COM 929160109 20,720 175,000 SH   SOLE   175,000 0 0
WEINGARTEN RLTY INVS SH BEN INT 948741103 11,876 404,345 SH   SOLE   404,345 0 0
ZAYO GROUP HLDGS INC COM 98919V105 14,210 500,000 SH Call SOLE   500,000 0 0
ZAYO GROUP HLDGS INC COM 98919V105 20,993 738,666 SH   SOLE   738,666 0 0