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
AMAZON COM INC COM 023135106 9,242 3,350 SH   SOLE   3,350 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 24,619 704,206 SH   SOLE   704,206 0 0
AMERICOLD RLTY TR COM 03064D108 34,168 941,259 SH   SOLE   941,259 0 0
BOSTON PPTYS LTD PARTNERSHIP COM 101121101 18,172 201,058 SH   SOLE   201,058 0 0
BOYD GAMING CORP COM 103304101 8,003 382,903 SH   SOLE   382,903 0 0
D R HORTON INC COM 23331A109 5,753 103,753 SH   SOLE   103,753 0 0
DIGITAL RLTY TR INC COM 253868103 13,898 97,800 SH   SOLE   97,800 0 0
DOUGLAS EMMETT INC COM 25960P109 17,188 560,600 SH   SOLE   560,600 0 0
DRAFTKINGS INC COM CL A 26142R104 1,794 53,950 SH   SOLE   53,950 0 0
ELDORADO RESORTS INC COM 28470R102 14,288 356,674 SH   SOLE   356,674 0 0
EMPIRE ST RLTY TR INC CL A 292104106 12,215 1,744,993 SH   SOLE   1,744,993 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 13,933 236,873 SH   SOLE   236,873 0 0
EXTRA SPACE STORAGE INC COM 30225T102 15,453 167,295 SH   SOLE   167,295 0 0
FIRST INDL RLTY TR INC COM 32054K103 39,079 1,016,631 SH   SOLE   1,016,631 0 0
FOUR CORNERS PPTY TR INC COM 35086T109 16,123 660,790 SH   SOLE   660,790 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 18,420 532,369 SH   SOLE   532,369 0 0
GDS HLDGS LTD SPONSORED ADS 36165L108 15,102 189,576 SH   SOLE   189,576 0 0
GENERAC HLDGS INC COM 368736104 2,073 17,000 SH   SOLE   17,000 0 0
HEALTHPEAK PROPERTIES INC COM 42250P103 10,926 396,446 SH   SOLE   396,446 0 0
HIGHWOODS PPTYS INC COM 431284108 13,775 369,000 SH   SOLE   369,000 0 0
INNOVATIVE INDL PPTYS INC COM 45781V101 8,802 100,000 SH   SOLE   100,000 0 0
INVITATION HOMES INC COM 46187W107 27,237 989,373 SH   SOLE   989,373 0 0
JBG SMITH PPTYS COM 46590V100 3,293 111,360 SH   SOLE   111,360 0 0
KILROY RLTY CORP COM 49427F108 4,126 70,294 SH   SOLE   70,294 0 0
KIMCO RLTY CORP COM 49446R109 18,330 1,427,557 SH   SOLE   1,427,557 0 0
MACQUARIE INFRASTRUCTURE COR COM 55608B105 3,284 107,000 SH   SOLE   107,000 0 0
MACQUARIE INFRASTRUCTURE COR COM 55608B105 7,673 250,000 SH Call SOLE   250,000 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 18,694 994,341 SH   SOLE   994,341 0 0
MERITAGE HOMES CORP COM 59001A102 4,948 65,000 SH   SOLE   65,000 0 0
MICHAELS COS INC COM 59408Q106 707 100,000 SH   SOLE   100,000 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 14,300 481,000 SH   SOLE   481,000 0 0
PEBBLEBROOK HOTEL TR COM 70509V100 8,461 619,392 SH   SOLE   619,392 0 0
POSTAL REALTY TRUST INC CL A 73757R102 6,406 401,628 SH   SOLE   401,628 0 0
QTS RLTY TR INC COM CL A 74736A103 19,807 309,046 SH   SOLE   309,046 0 0
RETAIL OPPORTUNITY INVTS COR COM 76131N101 20,022 1,767,167 SH   SOLE   1,767,167 0 0
REXFORD INDL RLTY INC COM 76169C100 19,075 460,407 SH   SOLE   460,407 0 0
RPT REALTY SH BEN INT 74971D101 4,280 614,960 SH   SOLE   614,960 0 0
STAG INDL INC COM 85254J102 12,426 423,807 SH   SOLE   423,807 0 0
STARWOOD PPTY TR INC COM 85571B105 7,460 498,634 SH   SOLE   498,634 0 0
SUN CMNTYS INC COM 866674104 25,714 189,517 SH   SOLE   189,517 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 13,490 1,655,266 SH   SOLE   1,655,266 0 0
URBAN EDGE PPTYS COM 91704F104 12,519 1,054,700 SH   SOLE   1,054,700 0 0
VEREIT INC COM 92339V100 19,926 3,098,874 SH   SOLE   3,098,874 0 0
WYNDHAM DESTINATIONS INC COM 98310W108 3,982 141,299 SH   SOLE   141,299 0 0
WYNDHAM HOTELS & RESORTS INC COM 98311A105 9,903 232,354 SH   SOLE   232,354 0 0
WYNN RESORTS LTD COM 983134107 7,685 103,173 SH   SOLE   103,173 0 0