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
ALTISOURCE ASSET MGMT CORP COM 02153X108 904 96,936 SH   SOLE   96,936 0 0
ASHFORD HOSPITALITY TR INC COM SHS 044103109 289 87,353 SH   SOLE   87,353 0 0
ASHFORD INC COM 044104107 206 8,500 SH   SOLE   8,500 0 0
CBL & ASSOC PPTYS INC COM 124830100 47 36,500 SH   SOLE   36,500 0 0
NEW HOME CO INC COM 645370107 163 37,372 SH   SOLE   37,372 0 0
PG&E CORP COM 69331C108 802 80,200 SH Call SOLE   80,200 0 0
SPIRIT MTA REIT COM SHS BEN IN 84861U105 760 90,000 SH   SOLE   90,000 0 0