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
AMERICAN HOMES 4 RENT CL A 02665T306 17,926 789,000 SH   SOLE   789,000 0 0
BROOKDALE SR LIVING INC COM 112463104 25,009 3,800,831 SH   SOLE   3,800,831 0 0
CUSHMAN WAKEFIELD PLC SHS G2717B108 29,260 1,643,800 SH   SOLE   1,643,800 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 29,360 389,810 SH   SOLE   389,810 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 25,784 668,500 SH   SOLE   668,500 0 0
HCP INC COM 40414L109 7,302 233,300 SH   SOLE   233,300 0 0
INVITATION HOMES INC COM 46187W107 21,354 877,700 SH   SOLE   877,700 0 0
LIBERTY PPTY TR SH BEN INT 531172104 30,001 619,593 SH   SOLE   619,593 0 0
MARRIOTT INTL INC NEW CL A 571903202 42,549 340,150 SH   SOLE   340,150 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 12,371 383,600 SH   SOLE   383,600 0 0
MGM RESORTS INTERNATIONAL COM 552953101 38,076 1,483,850 SH   SOLE   1,483,850 0 0
QTS RLTY TR INC COM CL A 74736A103 43,840 974,447 SH   SOLE   974,447 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104 5,959 29,845 SH   SOLE   29,845 0 0
TAUBMAN CTRS INC COM 876664103 58,953 1,114,847 SH   SOLE   1,114,847 0 0
VAIL RESORTS INC COM 91879Q109 20,361 93,700 SH   SOLE   93,700 0 0