Q3 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| AAMC | Buy | ALTISOURCE ASSET MGMT CORP | $904,000 | +7.1% | 96,936 | +32.1% | 28.51% | +513.1% |
| PCG | Buy | PG&E CORPcall | $802,000 | -56.3% | 80,200 | +0.2% | 25.29% | +150.3% |
| SMTA | Sell | SPIRIT MTA REIT | $760,000 | -17.1% | 90,000 | -18.2% | 23.97% | +374.3% |
| AHT | New | ASHFORD HOSPITALITY TR INC | $289,000 | – | 87,353 | – | 9.11% | – |
| AINC | New | ASHFORD INC | $206,000 | – | 8,500 | – | 6.50% | – |
| NWHM | Sell | NEW HOME CO INC | $163,000 | -6.3% | 37,372 | -17.2% | 5.14% | +436.0% |
| CBLAQ | New | CBL & ASSOC PPTYS INC | $47,000 | – | 36,500 | – | 1.48% | – |
| BW | Exit | BABCOCK & WILCOX ENTERPRIS I | $0 | – | -150,000 | – | -0.28% | – |
| WH | Exit | WYNDHAM HOTELS & RESORTS INC | $0 | – | -5,000 | – | -1.54% | – |
| WHLRD | Exit | WHEELER REAL ESTATE INVT TRpfd cnv ser d | $0 | – | -20,000 | – | -1.66% | – |
| CXP | Exit | COLUMBIA PPTY TR INC | $0 | – | -15,400 | – | -1.76% | – |
| CWH | Exit | CAMPING WORLD HLDGS INCcall | $0 | – | -30,000 | – | -2.06% | – |
| RVI | Exit | RETAIL VALUE INC | $0 | – | -11,956 | – | -2.29% | – |
| CWH | Exit | CAMPING WORLD HLDGS INCput | $0 | – | -50,000 | – | -3.42% | – |
| ZAYO | Exit | ZAYO GROUP HLDGS INC | $0 | – | -22,100 | – | -4.01% | – |
| STAY | Exit | EXTENDED STAY AMER INCcall | $0 | – | -53,000 | – | -4.93% | – |
| GLD | Exit | SPDR GOLD TRUSTcall | $0 | – | -30,000 | – | -22.02% | – |
| RESI | Exit | FRONT YARD RESIDENTIAL CORP | $0 | – | -523,922 | – | -35.28% | – |
Q2 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| RESI | New | FRONT YARD RESIDENTIAL CORP | $6,402,000 | – | 523,922 | – | 35.28% | – |
| GLD | New | SPDR GOLD TRUSTcall | $3,996,000 | – | 30,000 | – | 22.02% | – |
| PCG | New | PG&E CORPcall | $1,834,000 | – | 80,000 | – | 10.10% | – |
| SMTA | New | SPIRIT MTA REIT | $917,000 | – | 110,000 | – | 5.05% | – |
| STAY | New | EXTENDED STAY AMER INCcall | $895,000 | – | 53,000 | – | 4.93% | – |
| AAMC | New | ALTISOURCE ASSET MGMT CORP | $844,000 | – | 73,401 | – | 4.65% | – |
| ZAYO | New | ZAYO GROUP HLDGS INC | $727,000 | – | 22,100 | – | 4.01% | – |
| CWH | New | CAMPING WORLD HLDGS INCput | $621,000 | – | 50,000 | – | 3.42% | – |
| RVI | New | RETAIL VALUE INC | $416,000 | – | 11,956 | – | 2.29% | – |
| CWH | New | CAMPING WORLD HLDGS INCcall | $373,000 | – | 30,000 | – | 2.06% | – |
| CXP | New | COLUMBIA PPTY TR INC | $319,000 | – | 15,400 | – | 1.76% | – |
| WHLRD | New | WHEELER REAL ESTATE INVT TRpfd cnv ser d | $301,000 | – | 20,000 | – | 1.66% | – |
| WH | New | WYNDHAM HOTELS & RESORTS INC | $279,000 | – | 5,000 | – | 1.54% | – |
| NWHM | New | NEW HOME CO INC | $174,000 | – | 45,117 | – | 0.96% | – |
| BW | New | BABCOCK & WILCOX ENTERPRIS I | $51,000 | – | 150,000 | – | 0.28% | – |
Q4 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SHLDQ | Exit | SEARS HLDGS CORP | $0 | – | -15,300 | – | -0.01% | – |
| SHLDQ | Exit | SEARS HLDGS CORPput | $0 | – | -377,100 | – | -0.20% | – |
| IRM | Exit | IRON MTN INC NEW | $0 | – | -10,827 | – | -0.21% | – |
| WHLR | Exit | WHEELER REAL ESTATE INVT TR | $0 | – | -97,444 | – | -0.23% | – |
| SIC | Exit | SELECT INTERIOR CONCEPTS INCcl a | $0 | – | -40,000 | – | -0.24% | – |
| KRG | Exit | KITE RLTY GROUP TR | $0 | – | -30,000 | – | -0.28% | – |
| O | Exit | REALTY INCOME CORP | $0 | – | -10,000 | – | -0.32% | – |
| UNIT | Exit | UNITI GROUP INC | $0 | – | -30,000 | – | -0.34% | – |
| OHI | Exit | OMEGA HEALTHCARE INVS INC | $0 | – | -32,300 | – | -0.59% | – |
| GNL | Exit | GLOBAL NET LEASE INC | $0 | – | -53,007 | – | -0.62% | – |
| ITB | Exit | ISHARES TRus home cons etf | $0 | – | -35,000 | – | -0.69% | – |
| CXW | Exit | CORECIVIC INC | $0 | – | -51,411 | – | -0.70% | – |
| GTY | Exit | GETTY RLTY CORP NEW | $0 | – | -55,000 | – | -0.88% | – |
| DLR | Exit | DIGITAL RLTY TR INCcall | $0 | – | -15,000 | – | -0.94% | – |
| BAM | Exit | BROOKFIELD ASSET MGMT INCcl a ltd vt sh | $0 | – | -40,000 | – | -1.00% | – |
| EPRPRE | Exit | EPR PPTYSconv pfd 9% sr e | $0 | – | -56,083 | – | -1.13% | – |
| UNIT | Exit | UNITI GROUP INCcall | $0 | – | -101,500 | – | -1.14% | – |
| STAY | Exit | EXTENDED STAY AMER INCunit 99/99/9999b | $0 | – | -103,335 | – | -1.17% | – |
| SIR | Exit | SELECT INCOME REIT | $0 | – | -100,000 | – | -1.23% | – |
| Exit | LGI HOMES INCnote 4.250%11/1 | $0 | – | -1,000,000 | – | -1.24% | – | |
| CXW | Exit | CORECIVIC INCput | $0 | – | -100,000 | – | -1.36% | – |
| Exit | STARWOOD WAYPOINT RESIDENTLnote 3.000% 7/0 | $0 | – | -2,000,000 | – | -1.40% | – | |
| WY | Exit | WEYERHAEUSER CO | $0 | – | -83,263 | – | -1.50% | – |
| BXC | Exit | BLUELINX HLDGS INCput | $0 | – | -87,500 | – | -1.54% | – |
| GTY | Exit | GETTY RLTY CORP NEWput | $0 | – | -102,800 | – | -1.64% | – |
| WHLRD | Exit | WHEELER REAL ESTATE INVT TRpfd cnv ser d | $0 | – | -151,822 | – | -1.78% | – |
| Exit | APOLLO COML REAL EST FIN INCnote 5.500% 3/1 | $0 | – | -3,000,000 | – | -1.83% | – | |
| STAY | Exit | EXTENDED STAY AMER INCcall | $0 | – | -161,700 | – | -1.83% | – |
| ALEX | Exit | ALEXANDER & BALDWIN INC NEW | $0 | – | -144,900 | – | -1.84% | – |
| WY | Exit | WEYERHAEUSER COput | $0 | – | -105,000 | – | -1.90% | – |
| IRM | Exit | IRON MTN INC NEWput | $0 | – | -100,000 | – | -1.93% | – |
| ITB | Exit | ISHARES TRput | $0 | – | -100,000 | – | -1.98% | – |
| HGV | Exit | HILTON GRAND VACATIONS INCcall | $0 | – | -112,500 | – | -2.09% | – |
| CUBE | Exit | CUBESMARTcall | $0 | – | -140,000 | – | -2.24% | – |
| CSU | Exit | CAPITAL SR LIVING CORP | $0 | – | -437,241 | – | -2.31% | – |
| GNL | Exit | GLOBAL NET LEASE INCput | $0 | – | -201,000 | – | -2.35% | – |
| NYRT | Exit | NEW YORK REIT INC | $0 | – | -238,357 | – | -2.42% | – |
| Exit | NATIONAL HEALTH INVS INCnote 3.250% 4/0 | $0 | – | -4,000,000 | – | -2.54% | – | |
| Exit | CAESARS ENTMT CORPnote 5.000%10/0 | $0 | – | -3,000,000 | – | -2.74% | – | |
| RVI | Exit | RETAIL VALUE INC | $0 | – | -154,025 | – | -2.82% | – |
| FCPT | Exit | FOUR CORNERS PPTY TR INC | $0 | – | -200,004 | – | -2.88% | – |
| SRG | Exit | SERITAGE GROWTH PPTYSput | $0 | – | -112,000 | – | -2.98% | – |
| BXC | Exit | BLUELINX HLDGS INC | $0 | – | -172,706 | – | -3.05% | – |
| CXP | Exit | COLUMBIA PPTY TR INC | $0 | – | -266,292 | – | -3.53% | – |
| OHI | Exit | OMEGA HEALTHCARE INVS INCput | $0 | – | -200,100 | – | -3.67% | – |
| AAMC | Exit | ALTISOURCE ASSET MGMT CORP | $0 | – | -111,143 | – | -3.72% | – |
| RESI | Exit | FRONT YD RESIDENTIAL CORP | $0 | – | -614,881 | – | -3.74% | – |
| IYR | Exit | ISHARES TRcall | $0 | – | -100,000 | – | -4.48% | – |
| O | Exit | REALTY INCOME CORPput | $0 | – | -146,500 | – | -4.67% | – |
| IYR | Exit | ISHARES TRput | $0 | – | -150,000 | – | -6.72% | – |
| BPR | Exit | BROOKFIELD PROPERTY REIT INCcl a | $0 | – | -626,737 | – | -7.35% | – |
Q3 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BPR | New | BROOKFIELD PROPERTY REIT INCcl a | $13,118,000 | – | 626,737 | – | 7.35% | – |
| IYR | Buy | ISHARES TRput | $12,003,000 | +49.0% | 150,000 | +50.0% | 6.72% | +117.0% |
| O | Sell | REALTY INCOME CORPput | $8,334,000 | +2.3% | 146,500 | -3.3% | 4.67% | +49.0% |
| IYR | New | ISHARES TRcall | $8,002,000 | – | 100,000 | – | 4.48% | – |
| RESI | Buy | FRONT YD RESIDENTIAL CORP | $6,671,000 | +50.3% | 614,881 | +44.3% | 3.74% | +119.0% |
| AAMC | Buy | ALTISOURCE ASSET MGMT CORP | $6,652,000 | -10.7% | 111,143 | +4.0% | 3.72% | +30.1% |
| OHI | Buy | OMEGA HEALTHCARE INVS INCput | $6,557,000 | +111.3% | 200,100 | +99.9% | 3.67% | +207.8% |
| CXP | New | COLUMBIA PPTY TR INC | $6,295,000 | – | 266,292 | – | 3.53% | – |
| BXC | Buy | BLUELINX HLDGS INC | $5,439,000 | -1.1% | 172,706 | +17.8% | 3.05% | +44.0% |
| FCPT | New | FOUR CORNERS PPTY TR INC | $5,138,000 | – | 200,004 | – | 2.88% | – |
| RVI | Buy | RETAIL VALUE INC | $5,035,000 | +259.6% | 154,025 | +243.8% | 2.82% | +424.2% |
| Sell | CAESARS ENTMT CORPnote 5.000%10/0 | $4,893,000 | -27.8% | 3,000,000 | -25.0% | 2.74% | +5.1% | |
| NYRT | Buy | NEW YORK REIT INC | $4,324,000 | +9.4% | 238,357 | +10.0% | 2.42% | +59.3% |
| GNL | New | GLOBAL NET LEASE INCput | $4,191,000 | – | 201,000 | – | 2.35% | – |
| CSU | New | CAPITAL SR LIVING CORP | $4,128,000 | – | 437,241 | – | 2.31% | – |
| CUBE | New | CUBESMARTcall | $3,994,000 | – | 140,000 | – | 2.24% | – |
| HGV | Buy | HILTON GRAND VACATIONS INCcall | $3,724,000 | +7.3% | 112,500 | +12.5% | 2.09% | +56.4% |
| WY | New | WEYERHAEUSER COput | $3,388,000 | – | 105,000 | – | 1.90% | – |
| ALEX | Sell | ALEXANDER & BALDWIN INC NEW | $3,288,000 | -63.5% | 144,900 | -62.2% | 1.84% | -46.9% |
| STAY | Buy | EXTENDED STAY AMER INCcall | $3,271,000 | +202.6% | 161,700 | +223.4% | 1.83% | +341.4% |
| WHLRD | Sell | WHEELER REAL ESTATE INVT TRpfd cnv ser d | $3,182,000 | +2.4% | 151,822 | -9.3% | 1.78% | +49.1% |
| GTY | New | GETTY RLTY CORP NEWput | $2,936,000 | – | 102,800 | – | 1.64% | – |
| BXC | New | BLUELINX HLDGS INCput | $2,755,000 | – | 87,500 | – | 1.54% | – |
| WY | New | WEYERHAEUSER CO | $2,687,000 | – | 83,263 | – | 1.50% | – |
| Sell | STARWOOD WAYPOINT RESIDENTLnote 3.000% 7/0 | $2,500,000 | -79.3% | 2,000,000 | -78.9% | 1.40% | -69.8% | |
| CXW | New | CORECIVIC INCput | $2,433,000 | – | 100,000 | – | 1.36% | – |
| SIR | New | SELECT INCOME REIT | $2,194,000 | – | 100,000 | – | 1.23% | – |
| STAY | Sell | EXTENDED STAY AMER INCunit 99/99/9999b | $2,090,000 | -8.4% | 103,335 | -2.2% | 1.17% | +33.5% |
| UNIT | Sell | UNITI GROUP INCcall | $2,045,000 | -66.0% | 101,500 | -66.2% | 1.14% | -50.4% |
| BAM | New | BROOKFIELD ASSET MGMT INCcl a ltd vt sh | $1,781,000 | – | 40,000 | – | 1.00% | – |
| DLR | New | DIGITAL RLTY TR INCcall | $1,687,000 | – | 15,000 | – | 0.94% | – |
| GTY | New | GETTY RLTY CORP NEW | $1,571,000 | – | 55,000 | – | 0.88% | – |
| CXW | New | CORECIVIC INC | $1,251,000 | – | 51,411 | – | 0.70% | – |
| ITB | Buy | ISHARES TRus home cons etf | $1,237,000 | +116.3% | 35,000 | +133.3% | 0.69% | +215.0% |
| GNL | New | GLOBAL NET LEASE INC | $1,105,000 | – | 53,007 | – | 0.62% | – |
| OHI | New | OMEGA HEALTHCARE INVS INC | $1,058,000 | – | 32,300 | – | 0.59% | – |
| UNIT | Sell | UNITI GROUP INC | $605,000 | -24.5% | 30,000 | -25.0% | 0.34% | +10.1% |
| O | New | REALTY INCOME CORP | $569,000 | – | 10,000 | – | 0.32% | – |
| KRG | New | KITE RLTY GROUP TR | $500,000 | – | 30,000 | – | 0.28% | – |
| SIC | New | SELECT INTERIOR CONCEPTS INCcl a | $426,000 | – | 40,000 | – | 0.24% | – |
| WHLR | Sell | WHEELER REAL ESTATE INVT TR | $417,000 | -16.8% | 97,444 | -21.4% | 0.23% | +21.2% |
| IRM | New | IRON MTN INC NEW | $374,000 | – | 10,827 | – | 0.21% | – |
| SHLDQ | Buy | SEARS HLDGS CORPput | $365,000 | +206.7% | 377,100 | +654.2% | 0.20% | +343.5% |
| SHLDQ | New | SEARS HLDGS CORP | $15,000 | – | 15,300 | – | 0.01% | – |
| RESI | Exit | FRONT YD RESIDENTIAL CORPcall | $0 | – | -13,400 | – | -0.05% | – |
| BPY | Exit | BROOKFIELD PPTY PARTNERS L Pcall | $0 | – | -30,000 | – | -0.22% | – |
| FCEA | Exit | FOREST CITY RLTY TR INC | $0 | – | -34,779 | – | -0.30% | – |
| AINC | Exit | ASHFORD INC | $0 | – | -19,917 | – | -0.50% | – |
| BRX | Exit | BRIXMOR PPTY GROUP INCcall | $0 | – | -96,100 | – | -0.64% | – |
| EDR | Exit | EDUCATION RLTY TR INC | $0 | – | -42,465 | – | -0.68% | – |
| BHR | Exit | BRAEMAR HOTELS & RESORTS INCcall | $0 | – | -183,500 | – | -0.81% | – |
| Exit | BLACKSTONE MTG TR INCnote 5.250%12/0 | $0 | – | -2,000,000 | – | -0.89% | – | |
| CXP | Exit | COLUMBIA PPTY TR INCcall | $0 | – | -102,400 | – | -0.89% | – |
| IIPR | Exit | INNOVATIVE INDL PPTYS INC | $0 | – | -70,000 | – | -0.98% | – |
| IYR | Exit | ISHARES TRu.s. real es etf | $0 | – | -33,000 | – | -1.02% | – |
| DDR | Exit | DDR CORPput | $0 | – | -185,300 | – | -1.05% | – |
| DDS | Exit | DILLARDS INCcall | $0 | – | -30,000 | – | -1.09% | – |
| FR | Exit | FIRST INDUSTRIAL REALTY TRUSput | $0 | – | -103,000 | – | -1.32% | – |
| HPP | Exit | HUDSON PAC PPTYS INCput | $0 | – | -100,000 | – | -1.36% | – |
| Exit | STARWOOD PPTY TR INCnote 4.000% 1/1 | $0 | – | -3,500,000 | – | -1.51% | – | |
| UE | Exit | URBAN EDGE PPTYS | $0 | – | -210,258 | – | -1.85% | – |
| GGP | Exit | GGP INCput | $0 | – | -241,000 | – | -1.89% | – |
| Exit | DDR CORPexdistribustion | $0 | – | -450,400 | – | -2.61% | – | |
| TCO | Exit | TAUBMAN CTRS INCcall | $0 | – | -158,000 | – | -3.57% | – |
| DDS | Exit | DILLARDS INCcl a | $0 | – | -112,000 | – | -4.07% | – |
| LSI | Exit | LIFE STORAGE INCcall | $0 | – | -108,800 | – | -4.07% | – |
| TLT | Exit | ISHARES TRput | $0 | – | -97,500 | – | -4.56% | – |
| TLT | Exit | ISHARES TRcall | $0 | – | -100,000 | – | -4.68% | – |
| CDR | Exit | CEDAR REALTY TRUST INC | $0 | – | -2,658,737 | – | -4.82% | – |
| VNO | Exit | VORNADO RLTY TRcall | $0 | – | -200,000 | – | -5.68% | – |
| GGP | Exit | GGP INC | $0 | – | -723,599 | – | -5.68% | – |
Q2 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| VNO | New | VORNADO RLTY TRcall | $14,784,000 | – | 200,000 | – | 5.68% | – |
| GGP | New | GGP INC | $14,783,000 | – | 723,599 | – | 5.68% | – |
| CDR | New | CEDAR REALTY TRUST INC | $12,549,000 | – | 2,658,737 | – | 4.82% | – |
| TLT | New | ISHARES TRcall | $12,172,000 | – | 100,000 | – | 4.68% | – |
| New | STARWOOD WAYPOINT RESIDENTLnote 3.000% 7/0 | $12,065,000 | – | 9,500,000 | – | 4.64% | – | |
| TLT | New | ISHARES TRput | $11,868,000 | – | 97,500 | – | 4.56% | – |
| LSI | New | LIFE STORAGE INCcall | $10,587,000 | – | 108,800 | – | 4.07% | – |
| DDS | New | DILLARDS INCcl a | $10,584,000 | – | 112,000 | – | 4.07% | – |
| TCO | New | TAUBMAN CTRS INCcall | $9,284,000 | – | 158,000 | – | 3.57% | – |
| ALEX | New | ALEXANDER & BALDWIN INC NEW | $9,018,000 | – | 383,764 | – | 3.47% | – |
| O | New | REALTY INCOME CORPput | $8,150,000 | – | 151,500 | – | 3.13% | – |
| IYR | New | ISHARES TRput | $8,058,000 | – | 100,000 | – | 3.10% | – |
| AAMC | New | ALTISOURCE ASSET MGMT CORP | $7,451,000 | – | 106,820 | – | 2.86% | – |
| New | DDR CORPexdistribustion | $6,801,000 | – | 450,400 | – | 2.61% | – | |
| New | CAESARS ENTMT CORPnote 5.000%10/0 | $6,780,000 | – | 4,000,000 | – | 2.61% | – | |
| UNIT | New | UNITI GROUP INCcall | $6,009,000 | – | 300,000 | – | 2.31% | – |
| BXC | New | BLUELINX HLDGS INC | $5,502,000 | – | 146,604 | – | 2.12% | – |
| GGP | New | GGP INCput | $4,924,000 | – | 241,000 | – | 1.89% | – |
| UE | New | URBAN EDGE PPTYS | $4,809,000 | – | 210,258 | – | 1.85% | – |
| SRG | New | SERITAGE GROWTH PPTYSput | $4,752,000 | – | 112,000 | – | 1.83% | – |
| New | NATIONAL HEALTH INVS INCnote 3.250% 4/0 | $4,570,000 | – | 4,000,000 | – | 1.76% | – | |
| RESI | New | FRONT YD RESIDENTIAL CORP | $4,439,000 | – | 426,000 | – | 1.71% | – |
| NYRT | New | NEW YORK REIT INC | $3,954,000 | – | 216,784 | – | 1.52% | – |
| New | STARWOOD PPTY TR INCnote 4.000% 1/1 | $3,927,000 | – | 3,500,000 | – | 1.51% | – | |
| ITB | New | ISHARES TRput | $3,815,000 | – | 100,000 | – | 1.47% | – |
| HPP | New | HUDSON PAC PPTYS INCput | $3,543,000 | – | 100,000 | – | 1.36% | – |
| IRM | New | IRON MTN INC NEWput | $3,501,000 | – | 100,000 | – | 1.35% | – |
| HGV | New | HILTON GRAND VACATIONS INCcall | $3,470,000 | – | 100,000 | – | 1.33% | – |
| FR | New | FIRST INDUSTRIAL REALTY TRUSput | $3,434,000 | – | 103,000 | – | 1.32% | – |
| New | APOLLO COML REAL EST FIN INCnote 5.500% 3/1 | $3,212,000 | – | 3,000,000 | – | 1.24% | – | |
| WHLRD | New | WHEELER REAL ESTATE INVT TRpfd cnv ser d | $3,108,000 | – | 167,457 | – | 1.20% | – |
| OHI | New | OMEGA HEALTHCARE INVS INCput | $3,103,000 | – | 100,100 | – | 1.19% | – |
| DDS | New | DILLARDS INCcall | $2,835,000 | – | 30,000 | – | 1.09% | – |
| DDR | New | DDR CORPput | $2,738,000 | – | 185,300 | – | 1.05% | – |
| New | LGI HOMES INCnote 4.250%11/1 | $2,689,000 | – | 1,000,000 | – | 1.03% | – | |
| IYR | New | ISHARES TRu.s. real es etf | $2,659,000 | – | 33,000 | – | 1.02% | – |
| IIPR | New | INNOVATIVE INDL PPTYS INC | $2,563,000 | – | 70,000 | – | 0.98% | – |
| CXP | New | COLUMBIA PPTY TR INCcall | $2,326,000 | – | 102,400 | – | 0.89% | – |
| New | BLACKSTONE MTG TR INCnote 5.250%12/0 | $2,311,000 | – | 2,000,000 | – | 0.89% | – | |
| STAY | New | EXTENDED STAY AMER INCunit 99/99/9999b | $2,282,000 | – | 105,618 | – | 0.88% | – |
| BHR | New | BRAEMAR HOTELS & RESORTS INCcall | $2,096,000 | – | 183,500 | – | 0.81% | – |
| EPRPRE | New | EPR PPTYSconv pfd 9% sr e | $1,959,000 | – | 56,083 | – | 0.75% | – |
| EDR | New | EDUCATION RLTY TR INC | $1,762,000 | – | 42,465 | – | 0.68% | – |
| BRX | New | BRIXMOR PPTY GROUP INCcall | $1,675,000 | – | 96,100 | – | 0.64% | – |
| RVI | New | RETAIL VALUE INC | $1,400,000 | – | 44,800 | – | 0.54% | – |
| AINC | New | ASHFORD INC | $1,291,000 | – | 19,917 | – | 0.50% | – |
| STAY | New | EXTENDED STAY AMER INCcall | $1,081,000 | – | 50,000 | – | 0.42% | – |
| UNIT | New | UNITI GROUP INC | $801,000 | – | 40,000 | – | 0.31% | – |
| FCEA | New | FOREST CITY RLTY TR INC | $793,000 | – | 34,779 | – | 0.30% | – |
| ITB | New | ISHARES TRus home cons etf | $572,000 | – | 15,000 | – | 0.22% | – |
| BPY | New | BROOKFIELD PPTY PARTNERS L Pcall | $571,000 | – | 30,000 | – | 0.22% | – |
| WHLR | New | WHEELER REAL ESTATE INVT TR | $501,000 | – | 123,925 | – | 0.19% | – |
| RESI | New | FRONT YD RESIDENTIAL CORPcall | $140,000 | – | 13,400 | – | 0.05% | – |
| SHLDQ | New | SEARS HLDGS CORPput | $119,000 | – | 50,000 | – | 0.05% | – |