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
STEALTHGAS INC COM Y81669106 2,714 1,155,000 SH   SOLE 0 1,155,000 0 0
ALICO INC COM 016230104 2,420 78,000 SH   SOLE 0 78,000 0 0
BARNES & NOBLE ED INC COM 06777U101 6,797 1,461,712 SH   SOLE 0 1,461,712 0 0
CORNING INC COM 219350105 23,760 660,000 SH   SOLE 0 660,000 0 0
EIGER BIOPHARMACEUTICALS INC COM 28249U105 1,598 130,000 SH   SOLE 0 130,000 0 0
ELEMENT SOLUTIONS INC COM 28618M106 443 25,000 SH   SOLE 0 25,000 0 0
GRACE W.R & CO. DEL NEW COM 38388F108 3,015 55,000 SH   SOLE 0 55,000 0 0
GYRODYNE LLC COM 403829104 1,649 101,500 SH   SOLE 0 101,500 0 0
IMEDIA BRANDS INC COM COM 452465206 402 84,171 SH   SOLE 0 84,171 0 0
LANDS END INC NEW COM 51509F105 9,707 450,000 SH   SOLE 0 450,000 0 0
MACERICH CO COM COM 554382101 53 5,000 SH   SOLE 0 5,000 0 0
MACK CALI REALTY CORP COM 554489104 1,661 133,291 SH   SOLE 0 133,291 0 0
MEDIACO HLDG INC COM 58450D104 13 5,000 SH   SOLE 0 5,000 0 0
REALNETWORKS INC COM 75605L708 117 75,000 SH   SOLE 0 75,000 0 0
SAGA COMMUNICATIONS INC COM 786598300 28,103 1,170,000 SH   SOLE 0 1,170,000 0 0
TEJON RANCH CO COM 879080109 55,127 3,815,000 SH   SOLE 0 3,815,000 0 0
USA TECHNOLOGIES INC COM COM 90328S500 1,048 100,000 SH   SOLE 0 100,000 0 0
WALGREENS BOOTS ALLIANCE INC COM COM 931427108 1,396 35,000 SH   SOLE 0 35,000 0 0