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
BRIDGE INVT GROUP HLDGS INC COM CL A 10806B100 30,463 1,220,000 SH   SOLE   1,220,000 0 0
BROOKDALE COM 112463104 11,610 2,250,000 SH   SOLE   2,250,000 0 0
CAESARS ENTERTAINMENT INC NE COM 12769G100 12,720 136,000 SH   SOLE   136,000 0 0
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106 14,372 4,341,893 SH   SOLE   4,341,893 0 0
DIGITALBRIDGE GROUP INC CL A COM 25401T108 33,570 4,030,000 SH   SOLE   4,030,000 0 0
GMS INC COM 36251C103 15,490 257,700 SH   SOLE   257,700 0 0
HILTON GRAND VACATIONS INC COM 43283X105 21,191 406,655 SH   SOLE   406,655 0 0
INDUS REALTY TRUST INC COM 45580R103 85,039 1,049,088 SH   SOLE   1,049,088 0 0
INVENTRUST PPTYS CORP COM 46124J201 7,282 267,134 SH   SOLE   267,134 0 0
P10 INC COM 69376K106 18,640 1,333,340 SH   SOLE   1,333,340 0 0
PREFERRED APT CMNTYS INC COM 74039L103 13,962 773,074 SH   SOLE   773,074 0 0
Radius Global Infrastructure Inc COM CL A 750481103 57,657 3,581,178 SH   SOLE   3,581,178 0 0
SMARTRENT INC COM CL A 83193G107 4,106 424,151 SH   SOLE   424,151 0 0
SONIDA SENIOR LIVING COM 140475203 85,056 2,985,481 SH   SOLE   2,985,481 0 0
SWITCH INC CL A 87105L104 16,377 571,818 SH   SOLE   571,818 0 0
WALKER & DUNLOP INC COM 93148P102 32,288 214,000 SH   SOLE   214,000 0 0