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
AGREE REALTY CORP COM 008492100 5,633 91,000 SH   SOLE   91,000 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 14,628 630,507 SH   SOLE   630,507 0 0
AMERICOLD RLTY TR COM 03064D108 10,907 320,408 SH   SOLE   320,408 0 0
APPLE HOSPITALITY REIT INC COM NEW 03784Y200 963 105,000 SH   SOLE   105,000 0 0
BRIXMOR PPTY GROUP INC COM 11120U105 4,501 473,790 SH   SOLE   473,790 0 0
CYRUSONE INC COM 23283R100 12,764 206,700 SH   SOLE   206,700 0 0
ENSIGN GROUP INC COM 29358P101 4,202 111,713 SH   SOLE   111,713 0 0
EQUINIX INC COM 29444U700 11,001 17,613 SH   SOLE   17,613 0 0
HIGHWOODS PPTYS INC COM 431284108 4,455 125,790 SH   SOLE   125,790 0 0
HILTON WORLDWIDE HLDGS INC COM 43300A203 5,773 84,600 SH   SOLE   84,600 0 0
HUDSON PAC PPTYS INC COM 444097109 4,830 190,471 SH   SOLE   190,471 0 0
HYATT HOTELS CORP COM CL A 448579102 5,449 113,750 SH   SOLE   113,750 0 0
NEXPOINT REAL ESTATE FIN INC COM 65342V101 2,413 250,000 SH   SOLE   250,000 0 0
PHYSICIANS RLTY TR COM 71943U104 2,598 186,400 SH   SOLE   186,400 0 0
REXFORD INDL RLTY INC COM 76169C100 11,467 279,613 SH   SOLE   279,613 0 0
SAFEHOLD INC COM 78645L100 11,554 182,735 SH   SOLE   182,735 0 0
WEINGARTEN RLTY INVS SH BEN INT 948741103 8,493 588,583 SH   SOLE   588,583 0 0
WYNDHAM HOTELS & RESORTS INC COM 98311A105 8,976 284,863 SH   SOLE   284,863 0 0