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
BLUEROCK RESIDENTIAL GWT REI COM CL A 09627J102 4,521 354,835 SH   SOLE   354,835 0 0
BOWX ACQUISITION CORP CL A 103085106 8,051 805,076 SH   SOLE   805,076 0 0
BOYD GAMING CORP COM 103304101 11,671 184,489 SH   SOLE   184,489 0 0
BRIXMOR PPTY GROUP INC COM 11120U105 42,685 1,930,576 SH   SOLE   1,930,576 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 8,603 166,282 SH   SOLE   166,282 0 0
CAESARS ENTERTAINMENT INC NE COM 12769G100 15,518 138,210 SH   SOLE   138,210 0 0
CAMDEN PPTY TR SH BEN INT 133131102 67,717 459,192 SH   SOLE   459,192 0 0
CYRUSONE INC COM 23283R100 18,799 242,847 SH   SOLE   242,847 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301 10,301 1,090,027 SH   SOLE   1,090,027 0 0
EPR PPTYS COM SH BEN INT 26884U109 14,175 287,061 SH   SOLE   287,061 0 0
EQUINIX INC COM 29444U700 14,564 18,432 SH   SOLE   18,432 0 0
ESSEX PPTY TR INC COM 297178105 49,808 155,778 SH   SOLE   155,778 0 0
FEDERAL RLTY INVT TR SH BEN INT NEW 313747206 71,445 605,515 SH   SOLE   605,515 0 0
FIRST INDL RLTY TR INC COM 32054K103 51,456 988,024 SH   SOLE   988,024 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 65,003 1,403,348 SH   SOLE   1,403,348 0 0
HEALTHPEAK PROPERTIES INC COM 42250P103 66,988 2,000,847 SH   SOLE   2,000,847 0 0
HIGHWOODS PPTYS INC COM 431284108 39,698 905,109 SH   SOLE   905,109 0 0
HOST HOTELS & RESORTS INC COM 44107P104 12,069 739,082 SH   SOLE   739,082 0 0
INNOVATIVE INDL PPTYS INC COM 45781V101 3,798 16,429 SH   SOLE   16,429 0 0
INTERNATIONAL GAME TECHNOLOG SHS USD G4863A108 19,130 726,810 SH   SOLE   726,810 0 0
INVITATION HOMES INC COM 46187W107 66,370 1,731,540 SH   SOLE   1,731,540 0 0
KILROY RLTY CORP COM 49427F108 5,865 88,580 SH   SOLE   88,580 0 0
LATCH INC COM 51818V106 9,197 816,048 SH   SOLE   816,048 0 0
LIFE STORAGE INC COM 53223X107 62,166 541,803 SH   SOLE   541,803 0 0
MARTIN MARIETTA MATLS INC COM 573284106 8,662 25,352 SH   SOLE   25,352 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 81,748 4,073,146 SH   SOLE   4,073,146 0 0
MID-AMER APT CMNTYS INC COM 59522J103 61,313 328,317 SH   SOLE   328,317 0 0
PARAMOUNT GROUP INC COM 69924R108 9,096 1,011,741 SH   SOLE   1,011,741 0 0
PARK HOTELS & RESORTS INC COM 700517105 19,580 1,022,975 SH   SOLE   1,022,975 0 0
POSTAL REALTY TRUST INC CL A 73757R102 11,837 635,050 SH   SOLE   635,050 0 0
REGENCY CTRS CORP COM 758849103 59,614 885,404 SH   SOLE   885,404 0 0
REXFORD INDL RLTY INC COM 76169C100 40,795 718,861 SH   SOLE   718,861 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 5,678 67,838 SH   SOLE   67,838 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104 60,444 182,848 SH   SOLE   182,848 0 0
SIX FLAGS ENTMT CORP NEW COM 83001A102 9,466 222,727 SH   SOLE   222,727 0 0
SL GREEN RLTY CORP COM 78440X804 22,381 315,942 SH   SOLE   315,942 0 0
SMARTRENT INC COM CL A 83193G107 30,824 2,367,448 SH   SOLE   2,367,448 0 0
SPIRIT RLTY CAP INC NEW COM NEW 84860W300 60,329 1,310,350 SH   SOLE   1,310,350 0 0
STAG INDL INC COM 85254J102 57,838 1,473,571 SH   SOLE   1,473,571 0 0
SUN CMNTYS INC COM 866674104 56,364 304,507 SH   SOLE   304,507 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 12,856 1,076,703 SH   SOLE   1,076,703 0 0
TPG PACE SOLUTIONS CORP SHS CL A G8656V104 3,015 300,000 SH   SOLE   300,000 0 0
VAIL RESORTS INC COM 91879Q109 14,830 44,394 SH   SOLE   44,394 0 0
WEYERHAEUSER CO MTN BE COM NEW 962166104 17,814 500,828 SH   SOLE   500,828 0 0
WILLSCOT MOBIL MINI HLDNG CO COM CL A 971378104 24,621 776,189 SH   SOLE   776,189 0 0
WYNN RESORTS LTD COM 983134107 11,458 135,200 SH   SOLE   135,200 0 0