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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMERICAN TOWER CORP NEW COM 03027X100 2,007 10,000 SH   SOLE   10,000 0 0
AMERICOLD RLTY TR COM 03064D108 705 21,500 SH Call SOLE   21,500 0 0
APARTMENT INCOME REIT CORP COM 03750L109 2,925 125,000 SH   SOLE   125,000 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 6,834 100,000 SH   SOLE   100,000 0 0
DIGITAL RLTY TR INC COM 253868103 2,797 17,500 SH   SOLE   17,500 0 0
DUKE REALTY CORP COM NEW 264411505 3,095 35,000 SH   SOLE   35,000 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 2,297 50,500 SH   SOLE   50,500 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 4,427 32,500 SH   SOLE   32,500 0 0
FIRST INDL RLTY TR INC COM 32054K103 2,941 36,500 SH   SOLE   36,500 0 0
HEALTHPEAK PROPERTIES INC COM 42250P103 2,416 150,000 SH   SOLE   150,000 0 0
HIGHWOODS PPTYS INC COM 431284108 5,414 100,000 SH   SOLE   100,000 0 0
HUDSON PAC PPTYS INC COM 444097109 4,459 125,000 SH   SOLE   125,000 0 0
INVITATION HOMES INC COM 46187W107 3,089 85,000 SH   SOLE   85,000 0 0
KILROY RLTY CORP COM 49427F108 3,854 67,000 SH   SOLE   67,000 0 0
KITE RLTY GROUP TR COM NEW 49803T300 4,453 450,000 SH   SOLE   450,000 0 0
LXP INDUSTRIAL TRUST COM 529043101 9,801 50,000 SH   SOLE   50,000 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 10,213 175,000 SH   SOLE   175,000 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 781 250,000 SH   SOLE   250,000 0 0
NETSTREIT CORP COM 64119V303 4,135 150,000 SH   SOLE   150,000 0 0
PIEDMONT OFFICE REALTY TR IN COM CL A 720190206 3,435 300,000 SH   SOLE   300,000 0 0
REXFORD INDL RLTY INC COM 76169C100 7,292 17,500 SH   SOLE   17,500 0 0
RPT REALTY SH BEN INT 74971D101 5,514 545,000 SH   SOLE   545,000 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104 1,419 1,500 SH   SOLE   1,500 0 0
SL GREEN RLTY CORP COM 78440X804 584 45,000 SH   SOLE   45,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 3,227 500 SH   SOLE   500 0 0
SPIRIT RLTY CAP INC NEW COM NEW 84860W300 237 190,000 SH   SOLE   190,000 0 0
SUN CMNTYS INC COM 866674104 9,156 25,000 SH   SOLE   25,000 0 0
UDR INC COM 902653104 5,249 36,500 SH   SOLE   36,500 0 0
VENTAS INC COM 92276F100 2,190 70,000 SH   SOLE   70,000 0 0