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 4,075 1,250 SH   SOLE   1,250 0 0
AMERICOLD RLTY TR COM 03064D108 23,022 825,752 SH   SOLE   825,752 0 0
APARTMENT INCOME REIT CORP COM 03750L109 85,238 1,594,424 SH   SOLE   1,594,424 0 0
BOYD GAMING CORP COM 103304101 10,653 161,946 SH   SOLE   161,946 0 0
BOYD GAMING CORP COM 103304101 26,312 400,000 SH Call SOLE   400,000 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 11,507 813,815 SH   SOLE   813,815 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 11,868 183,884 SH   SOLE   183,884 0 0
CAMDEN PPTY TR SH BEN INT 133131102 88,003 529,500 SH   SOLE   529,500 0 0
D R HORTON INC COM 23331A109 9,119 122,384 SH   SOLE   122,384 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301 5,758 570,109 SH   SOLE   570,109 0 0
DOUGLAS EMMETT INC COM 25960P109 15,039 450,000 SH   SOLE   450,000 0 0
DUKE REALTY CORP COM NEW 264411505 78,532 1,352,595 SH   SOLE   1,352,595 0 0
EPR PPTYS COM SH BEN INT 26884U109 12,460 227,742 SH   SOLE   227,742 0 0
EQUINIX INC COM 29444U700 43,385 58,500 SH   SOLE   58,500 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 60,168 669,127 SH   SOLE   669,127 0 0
EXPEDIA GROUP INC COM NEW 30212P303 14,840 75,844 SH   SOLE   75,844 0 0
EXTRA SPACE STORAGE INC COM 30225T102 79,156 385,000 SH   SOLE   385,000 0 0
FEDERAL RLTY INVT TR NEW SH BEN INT NEW 313745101 86,168 705,894 SH   SOLE   705,894 0 0
FIRST INDL RLTY TR INC COM 32054K103 47,671 770,000 SH   SOLE   770,000 0 0
GDS HLDGS LTD SPONSORED ADS 36165L108 2,687 68,446 SH   SOLE   68,446 0 0
GENERAC HLDGS INC COM 368736104 14,268 48,000 SH   SOLE   48,000 0 0
HEALTHPEAK PROPERTIES INC COM 42250P103 51,495 1,500,000 SH   SOLE   1,500,000 0 0
HOST HOTELS & RESORTS INC COM 44107P104 17,514 901,400 SH   SOLE   901,400 0 0
HUDSON PAC PPTYS INC COM 444097109 74,666 2,690,681 SH   SOLE   2,690,681 0 0
INDEPENDENCE RLTY TR INC COM 45378A106 5,422 205,060 SH   SOLE   205,060 0 0
INNOVATIVE INDL PPTYS INC COM 45781V101 13,682 66,613 SH   SOLE   66,613 0 0
INSPIRED ENTMT INC COM 45782N108 5,889 478,760 SH   SOLE   478,760 0 0
INVENTRUST PPTYS CORP COM NEW 46124J201 29,711 965,254 SH   SOLE   965,254 0 0
INVITATION HOMES INC COM 46187W107 42,654 1,061,569 SH   SOLE   1,061,569 0 0
KILROY RLTY CORP COM 49427F108 29,704 388,700 SH   SOLE   388,700 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 43,610 375,364 SH   SOLE   375,364 0 0
LAS VEGAS SANDS CORP COM 517834107 7,074 182,000 SH   SOLE   182,000 0 0
LIFE STORAGE INC COM 53223X107 26,840 191,129 SH   SOLE   191,129 0 0
NETSTREIT CORP COM 64119V303 44,091 1,964,855 SH   SOLE   1,964,855 0 0
REGENCY CTRS CORP COM 758849103 63,279 887,000 SH   SOLE   887,000 0 0
RETAIL OPPORTUNITY INVTS COR COM 76131N101 26,176 1,349,969 SH   SOLE   1,349,969 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 22,722 1,526,005 SH   SOLE   1,526,005 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104 55,056 160,000 SH   SOLE   160,000 0 0
SMARTRENT INC COM CL A 83193G107 4,575 904,104 SH   SOLE   904,104 0 0
STAG INDL INC COM 85254J102 92,553 2,238,287 SH   SOLE   2,238,287 0 0
SUN CMNTYS INC COM 866674104 85,956 490,363 SH   SOLE   490,363 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 14,303 1,214,175 SH   SOLE   1,214,175 0 0
TANGER FACTORY OUTLET CTRS I COM 875465106 20,913 1,216,565 SH   SOLE   1,216,565 0 0
UNITED RENTALS INC COM 911363109 17,445 49,111 SH   SOLE   49,111 0 0
VENTAS INC COM 92276F100 19,146 310,000 SH   SOLE   310,000 0 0
VICI PPTYS INC COM 925652109 19,723 693,000 SH   SOLE   693,000 0 0
WILLSCOT MOBIL MINI HLDNG CO COM CL A 971378104 21,013 537,000 SH   SOLE   537,000 0 0
XENIA HOTELS & RESORTS INC COM 984017103 18,914 980,500 SH   SOLE   980,500 0 0