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 11,326 465,900 SH   SOLE   465,900 0 0
BROOKDALE SR LIVING INC COM 112463104 40,869 5,668,426 SH   SOLE   5,668,426 0 0
CUSHMAN WAKEFIELD PLC SHS G2717B108 21,347 1,193,900 SH   SOLE   1,193,900 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 23,225 305,910 SH   SOLE   305,910 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 21,848 560,500 SH   SOLE   560,500 0 0
HCP INC COM 40414L109 31,040 970,600 SH   SOLE   970,600 0 0
INVITATION HOMES INC COM 46187W107 24,993 935,000 SH   SOLE   935,000 0 0
LIBERTY PPTY TR SH BEN INT 531172104 27,161 542,793 SH   SOLE   542,793 0 0
MACK CALI RLTY CORP COM 554489104 15,796 678,219 SH   SOLE   678,219 0 0
MARRIOTT INTL INC NEW CL A 571903202 18,392 131,100 SH   SOLE   131,100 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 17,348 566,000 SH   SOLE   566,000 0 0
MGM RESORTS INTERNATIONAL COM 552953101 37,770 1,322,025 SH   SOLE   1,322,025 0 0
QTS RLTY TR INC COM CL A 74736A103 37,773 817,947 SH   SOLE   817,947 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104 6,441 28,645 SH   SOLE   28,645 0 0
TAUBMAN CTRS INC COM 876664103 45,523 1,114,947 SH   SOLE   1,114,947 0 0
VAIL RESORTS INC COM 91879Q109 23,211 104,000 SH   SOLE   104,000 0 0