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 CAMPUS CMNTYS INC COM 024835100 69,524 1,434,961 SH   SOLE   1,434,961 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 37,679 988,439 SH   SOLE   988,439 0 0
APARTMENT INCOME REIT CORP COM 03750L109 43,811 897,592 SH   SOLE   897,592 0 0
AVALONBAY CMNTYS INC COM 053484101 29,824 134,560 SH   SOLE   134,560 0 0
BOYD GAMING CORP COM 103304101 29,960 473,597 SH   SOLE   473,597 0 0
D R HORTON INC COM 23331A109 18,614 221,677 SH   SOLE   221,677 0 0
FIRST INDL RLTY TR INC COM 32054K103 28,871 554,364 SH   SOLE   554,364 0 0
HILTON GRAND VACATIONS INC COM 43283X105 27,986 588,305 SH   SOLE   588,305 0 0
JONES LANG LASALLE INC COM 48020Q107 21,013 84,700 SH   SOLE   84,700 0 0
LEXINGTON REALTY TRUST COM 529043101 86,425 6,778,400 SH   SOLE   6,778,400 0 0
OUTFRONT MEDIA INC COM 69007J106 23,397 928,447 SH   SOLE   928,447 0 0
PUBLIC STORAGE COM 74460D109 33,778 113,692 SH   SOLE   113,692 0 0
RETAIL OPPORTUNITY INVTS COR COM 76131N101 41,660 2,391,490 SH   SOLE   2,391,490 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104 29,591 89,514 SH   SOLE   89,514 0 0
SIX FLAGS ENTMT CORP NEW COM 83001A102 13,540 318,584 SH   SOLE   318,584 0 0
VAIL RESORTS INC COM 91879Q109 7,954 23,810 SH   SOLE   23,810 0 0
VENTAS INC COM 92276F100 32,882 595,585 SH   SOLE   595,585 0 0
VICI PPTYS INC COM 925652109 18,994 668,550 SH   SOLE   668,550 0 0