V3 Capital Management

V3 Capital Management as of Dec. 31, 2012

Portfolio Holdings for V3 Capital Management

V3 Capital Management holds 0 positions in its portfolio as reported in the December 2012 quarterly 13F filing

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       Name of        Title of        Value  Shrs of    SH/   PUT/ Investme Other
        Issuer        Class   CUSIP  (x1000)  PRN AMT  PRN   CALL  DiscretiManager  Sole  Shared

BROOKDALE SR LIVING    COM  112463104    4431   175000               Sole           Sole
CAMDEN PROPERTY TR CMN COM  133131102    9208   135000               Sole           Sole
CAPITAL SR LIVING CORP COM  140475104    1132    60585               Sole           Sole
CHATHAM LODGING TR     COM  16208T102    6945   451541               Sole           Sole
CORRECTIONS CORP OF AM COM  22025Y407    6385   180000               Sole           Sole
COUSINS PPTYS INC CMN  COM  222795106   18027  2158874               Sole           Sole
EQUITY RESIDENTIAL CMN COM  29476L107   17058   301000               Sole           Sole
HYATT HOTELS CORP CMN  CL A 448579102   20631   534900               Sole           Sole
REALOGY HOLDINGS CORP  COM  75605Y106    9588   228493               Sole           Sole
RLJ LODGING TRUST CMN  COM  74965L101    7347   379309               Sole           Sole
ST. JOE COMPANY CMN    COM  790148100    9450   409461               Sole           Sole
TERRENO REALTY CORP    COM  88146M101   10398   673457               Sole           Sole
THOMAS PPTYS GRP CMN   COM  884453101    2638   487604               Sole           Sole