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

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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 BBG001S6CPH6 28,092,168 192,848 SH   SOLE   192,848 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 BBG003NXJNJ4 28,458,791 944,220 SH   SOLE   944,220 0 0
APARTMENT INCOME REIT CORP COM 03750L109 BBG00XK3WWB0 37,120,915 1,081,927 SH   SOLE   1,081,927 0 0
APARTMENT INVT & MGMT CO CL A 03748R747 BBG001S876N3 62,648,659 8,798,969 SH   SOLE   8,798,969 0 0
AVALONBAY CMNTYS INC COM 053484101 BBG001S7J2H8 17,592,597 108,919 SH   SOLE   108,919 0 0
CAESARS ENTERTAINMENT INC NE COM 12769G100 BBG0074Q3NL5 16,348,800 393,000 SH   SOLE   393,000 0 0
D R HORTON INC COM 23331A109 BBG001S8M692 11,489,255 128,890 SH   SOLE   128,890 0 0
HOST HOTELS & RESORTS INC COM 44107P104 BBG001S5RY83 21,717,143 1,353,093 SH   SOLE   1,353,093 0 0
ISHARES TR CORE US AGGBD ET 464287226 BBG001SM1QT8 2,851,506 29,400 SH   SOLE   29,400 0 0
ISHARES TR 3 7 YR TREAS BD 464288661 BBG001SSD812 3,710,947 32,300 SH   SOLE   32,300 0 0
PUBLIC STORAGE COM 74460D109 BBG001S5TH79 27,921,494 99,652 SH   SOLE   99,652 0 0
RETAIL OPPORTUNITY INVTS COR COM 76131N101 BBG001T0CM94 16,636,557 1,106,890 SH   SOLE   1,106,890 0 0
REXFORD INDL RLTY INC COM 76169C100 BBG004MB82S9 34,912,665 638,958 SH   SOLE   638,958 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104 BBG001SCWNN9 18,741,246 66,859 SH   SOLE   66,859 0 0
SIX FLAGS ENTMT CORP NEW COM 83001A102 BBG001S8H000 60,484,247 2,601,473 SH   SOLE   2,601,473 0 0
SMARTRENT INC COM CL A 83193G107 BBG00Z0H9PZ1 8,159,716 3,357,908 SH   SOLE   3,357,908 0 0
SUN CMNTYS INC COM 866674104 BBG001S7HRC0 28,624,596 200,172 SH   SOLE   200,172 0 0
VANGUARD WORLD FD EXTENDED DUR 921910709 BBG001SV5CV2 2,832,786 34,200 SH   SOLE   34,200 0 0
VENTAS INC COM 92276F100 BBG001S9T7M6 35,909,232 796,837 SH   SOLE   796,837 0 0