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 INVESTMENT GROUP CL A ORD COM CL A 10806B100 19,890 1,367,926 SH   SOLE   1,367,926 0 0
BROOKDALE SENIOR LIVING ORD COM 112463104 11,621 2,559,500 SH   SOLE   2,559,500 0 0
CAESARS ENTERTAINMENT ORD COM 12769G100 7,660 200,000 SH   SOLE   200,000 0 0
CIVEO ORD COM NEW 17878Y207 24,767 957,360 SH   SOLE   957,360 0 0
CLEAR CHANNEL OUTDOOR HLDG ORD COM 18453H106 2,157 2,015,157 SH   SOLE   2,015,157 0 0
DIGITALBRIDGE GROUP CL A ORD CL A COM 25401T108 44,911 9,203,000 SH   SOLE   9,203,000 0 0
GMS ORD COM 36251C103 15,211 341,807 SH   SOLE   341,807 0 0
GRIFFON ORD COM 398433102 15,473 552,000 SH   SOLE   552,000 0 0
HILTON GRAND VACATIONS ORD COM 43283X105 16,329 456,990 SH   SOLE   456,990 0 0
INDUS REALTY TRUST ORD COM 45580R103 62,274 1,049,088 SH   SOLE   1,049,088 0 0
P10 CL A ORD COM CL A 69376K106 20,997 1,888,157 SH   SOLE   1,888,157 0 0
RADIUS GLOBAL INFRASTRUCT CL A ORD COM CL A 750481103 64,827 4,248,119 SH   SOLE   4,248,119 0 0
RUSH STREET INTERACTIVE CL A ORD COM 782011100 13,029 2,789,741 SH   SOLE   2,789,741 0 0
SONIDA SENIOR LIVING ORD COM 140475203 62,696 2,985,481 SH   SOLE   2,985,481 0 0
TARGET HOSPITALITY ORD COM 87615L107 10,071 1,763,661 SH   SOLE   1,763,661 0 0
WALKER & DUNLOP ORD COM 93148P102 22,351 232,000 SH   SOLE   232,000 0 0
WHITESTONE REIT ORD COM 966084204 23,624 2,197,553 SH   SOLE   2,197,553 0 0