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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
FIRST INDL RLTY TR INC COM 32054K103   38,398,152 808,212 SH   SOLE   808,212 0 0
INVITATION HOMES INC COM 46187W107   35,381,798 985,840 SH   SOLE   985,840 0 0
SUN CMNTYS INC COM 866674104   31,065,290 258,146 SH   SOLE   258,146 0 0
EQUINIX INC COM 29444U700   30,665,755 40,531 SH   SOLE   40,531 0 0
TANGER INC COM 875465106   28,283,511 1,043,287 SH   SOLE   1,043,287 0 0
NATIONAL HEALTH INVS INC COM 63633D104   28,299,897 417,834 SH   SOLE   417,834 0 0
AMERICAN HEALTHCARE REIT INC COM SHS 398182303   26,260,014 1,797,400 SH   SOLE   1,797,400 0 0
CBRE GROUP INC CL A 12504L109   24,562,548 275,643 SH   SOLE   275,643 0 0
EQUITY COMWLTH COM SH BEN INT 294628102   22,212,787 1,144,989 SH   SOLE   1,144,989 0 0
OUTFRONT MEDIA INC COM 69007J106   22,724,001 1,589,091 SH   SOLE   1,589,091 0 0
KITE RLTY GROUP TR COM NEW 49803T300   22,277,052 995,400 SH   SOLE   995,400 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107   19,690,994 197,186 SH   SOLE   197,186 0 0
VENTAS INC COM 92276F100   19,092,095 372,456 SH   SOLE   372,456 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107   18,327,949 264,320 SH   SOLE   264,320 0 0
VICI PPTYS INC COM 925652109   18,319,003 639,630 SH   SOLE   639,630 0 0
SMARTRENT INC COM CL A 83193G107   13,523,495 5,658,366 SH   SOLE   5,658,366 0 0
SIMON PPTY GROUP INC NEW COM 828806109   12,449,422 82,012 SH   SOLE   82,012 0 0
HILTON WORLDWIDE HLDGS INC COM 43300A203   7,610,598 34,879 SH   SOLE   34,879 0 0
WYNN RESORTS LTD COM 983134107   5,491,362 61,356 SH   SOLE   61,356 0 0