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
Blackstone Digital Infrastructure Trust Inc COMMON STOCK 09264B107 10,815,000 500,000 SH SOLE 0 500,000 0 0
CBRE Group Inc CL A 12504L109 12,324,135 91,500 SH SOLE 0 91,500 0 0
Centuri Holdings Inc COM SHS 155923105 28,728,000 950,000 SH SOLE 0 950,000 0 0
Compass Inc CL A 20464U100 32,366,250 2,625,000 SH SOLE 0 2,625,000 0 0
Curbline Properties Corp. COM 23128Q101 14,409,600 474,000 SH SOLE 0 474,000 0 0
Driven Brands Holdings Inc COM 26210V102 13,940,000 1,000,000 SH SOLE 0 1,000,000 0 0
Healthpeak Properties, Inc COM 42250P103 16,050,000 750,000 SH SOLE 0 750,000 0 0
HNI Corp COM 404251100 7,475,850 185,000 SH SOLE 0 185,000 0 0
Hudson Pacific Properties Inc COM 444097406 6,957,020 458,000 SH SOLE 0 458,000 0 0
Invitation Homes Inc COM 46187W107 28,699,500 950,000 SH SOLE 0 950,000 0 0
Janus Living Inc CL A-1 471024109 24,429,000 850,000 SH SOLE 0 850,000 0 0
New Era Energy & Digital Inc COM 64428N109 22,425,700 3,515,000 SH SOLE 0 3,515,000 0 0
Rithm Acquisition Corp *W EXP 99/99/999 G75751118 564,416 868,333 SH SOLE 0 868,333 0 0
SharonAI Holdings Inc COM CL A 778920306 8,529,326 100,748 SH SOLE 0 100,748 0 0
Sonida Senior Living Inc COM 140475203 595,919,659 14,605,874 SH SOLE 0 14,605,874 0 0
Whitehawk Minerals Corp CL A 96524T101 5,564,000 200,000 SH SOLE 0 200,000 0 0
Willdan Group, Inc COM 96924N100 23,294,950 294,500 SH SOLE 0 294,500 0 0