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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMERICOLD REALTY TRUST INC COM 03064D108   27,162,800 1,090,000 SH   SOLE   1,090,000 0 0
COPT DEFENSE PROPERTIES SHS BEN INT 22002T108   7,251,000 300,000 SH   SOLE   300,000 0 0
D R HORTON INC COM 23331A109   10,946,195 66,522 SH   SOLE   66,522 0 0
EMPIRE ST RLTY TR INC CL A 292104106   21,815,522 2,153,556 SH   SOLE   2,153,556 0 0
FIRST INDL RLTY TR INC COM 32054K103   29,289,789 557,476 SH   SOLE   557,476 0 0
ISHARES TR U.S. REAL ES ETF 464287739   24,832,628 276,225 SH   SOLE   276,225 0 0
JONES LANG LASALLE INC COM 48020Q107   30,882,747 158,300 SH   SOLE   158,300 0 0
KIMCO RLTY CORP COM 49446R109   8,824,500 450,000 SH   SOLE   450,000 0 0
M/I HOMES INC COM 55305B101   10,957,171 80,396 SH   SOLE   80,396 0 0
MERITAGE HOMES CORP COM 59001A102   10,558,306 60,175 SH   SOLE   60,175 0 0
PROLOGIS INC. COM 74340W103   35,935,381 275,959 SH   SOLE   275,959 0 0
SL GREEN RLTY CORP COM 78440X887   15,776,607 286,171 SH   SOLE   286,171 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F953   156,921,000 300,000 SH Put SOLE   300,000 0 0
SUN CMNTYS INC COM 866674104   48,062,304 373,793 SH   SOLE   373,793 0 0
TRICON RESIDENTIAL INC COM NPV 89612W102   11,839,416 1,061,831 SH   SOLE   1,061,831 0 0
VENTAS INC COM 92276F100   38,471,509 883,590 SH   SOLE   883,590 0 0