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
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 15,418 112,492 SH   SOLE   112,492 0 0
AMAZON COM INC COM 023135106 9,907 5,081 SH   SOLE   5,081 0 0
AMERICOLD RLTY TR COM 03064D108 21,861 642,205 SH   SOLE   642,205 0 0
APARTMENT INVT & MGMT CO CL A 03748R754 29,337 834,619 SH   SOLE   834,619 0 0
BOYD GAMING CORP COM 103304101 3,003 208,228 SH   SOLE   208,228 0 0
BROADMARK RLTY CAP INC COM 11135B100 5,764 766,513 SH   SOLE   766,513 0 0
CAMDEN PPTY TR SH BEN INT 133131102 25,383 320,325 SH   SOLE   320,325 0 0
CYRUSONE INC COM 23283R100 7,538 122,070 SH   SOLE   122,070 0 0
DIAMOND EAGLE ACQUISITION CO COM CL A 25258L109 1,723 139,615 SH   SOLE   139,615 0 0
ELDORADO RESORTS INC COM 28470R102 5,302 368,212 SH   SOLE   368,212 0 0
EQUINIX INC COM 29444U700 21,618 34,612 SH   SOLE   34,612 0 0
ESSEX PPTY TR INC COM 297178105 13,228 60,062 SH   SOLE   60,062 0 0
FIRST INDL RLTY TR INC COM 32054K103 36,913 1,110,830 SH   SOLE   1,110,830 0 0
FOUR CORNERS PPTY TR INC COM 35086T109 19,402 1,036,997 SH   SOLE   1,036,997 0 0
GDS HLDGS LTD SPONSORED ADS 36165L108 30,021 517,869 SH   SOLE   517,869 0 0
GENERAC HLDGS INC COM 368736104 6,280 67,404 SH   SOLE   67,404 0 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 13,280 546,941 SH   SOLE   546,941 0 0
HEALTHPEAK PROPERTIES INC COM 42250P103 13,639 571,856 SH   SOLE   571,856 0 0
HILTON WORLDWIDE HLDGS INC COM 43300A203 6,109 89,523 SH   SOLE   89,523 0 0
HOME DEPOT INC COM 437076102 9,930 53,184 SH   SOLE   53,184 0 0
HUDSON PAC PPTYS INC COM 444097109 30,395 1,198,554 SH   SOLE   1,198,554 0 0
INVITATION HOMES INC COM 46187W107 35,938 1,681,702 SH   SOLE   1,681,702 0 0
JBG SMITH PPTYS COM 46590V100 11,862 372,670 SH   SOLE   372,670 0 0
KILROY RLTY CORP COM 49427F108 5,135 80,609 SH   SOLE   80,609 0 0
LAS VEGAS SANDS CORP COM 517834107 3,275 77,122 SH   SOLE   77,122 0 0
LIFE STORAGE INC COM 53223X107 436 4,607 SH   SOLE   4,607 0 0
MACQUARIE INFRASTRUCTURE COR COM 55608B105 4,536 179,644 SH   SOLE   179,644 0 0
MACQUARIE INFRASTRUCTURE COR COM 55608B105 6,313 250,000 SH Call SOLE   250,000 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 22,614 1,307,915 SH   SOLE   1,307,915 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 18,965 801,218 SH   SOLE   801,218 0 0
PG&E CORP COM 69331C108 899 100,000 SH Put SOLE   100,000 0 0
POSTAL REALTY TRUST INC CL A 73757R102 6,338 400,628 SH   SOLE   400,628 0 0
PROLOGIS INC. COM 74340W103 23,082 287,191 SH   SOLE   287,191 0 0
PUBLIC STORAGE COM 74460D109 12,008 60,462 SH   SOLE   60,462 0 0
QTS RLTY TR INC COM CL A 74736A103 9,586 165,244 SH   SOLE   165,244 0 0
RETAIL PPTYS AMER INC CL A 76131V202 3,776 730,337 SH   SOLE   730,337 0 0
RPT REALTY SH BEN INT 74971D101 1,064 176,483 SH   SOLE   176,483 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 6,668 185,986 SH   SOLE   185,986 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104 17,752 65,754 SH   SOLE   65,754 0 0
SHERWIN WILLIAMS CO COM 824348106 5,583 12,149 SH   SOLE   12,149 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 206,200 800,000 SH Put SOLE   800,000 0 0
SPIRIT RLTY CAP INC NEW COM NEW 84860W300 9,789 374,340 SH   SOLE   374,340 0 0
STAG INDL INC COM 85254J102 11,204 497,521 SH   SOLE   497,521 0 0
STARWOOD PPTY TR INC COM 85571B105 13,906 1,356,701 SH   SOLE   1,356,701 0 0
SUN CMNTYS INC COM 866674104 28,111 225,162 SH   SOLE   225,162 0 0
VULCAN MATLS CO COM 929160109 6,941 64,229 SH   SOLE   64,229 0 0
WEINGARTEN RLTY INVS SH BEN INT 948741103 9,982 691,782 SH   SOLE   691,782 0 0
WYNDHAM HOTELS & RESORTS INC COM 98311A105 7,223 229,215 SH   SOLE   229,215 0 0