<SEC-DOCUMENT>0000900440-21-000137.txt : 20210811
<SEC-HEADER>0000900440-21-000137.hdr.sgml : 20210811
<ACCEPTANCE-DATETIME>20210811160236
ACCESSION NUMBER:		0000900440-21-000137
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20210729
FILED AS OF DATE:		20210811
DATE AS OF CHANGE:		20210811

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			INVERSIONES FINANCIERAS DEL SUR STOCK CORP
		CENTRAL INDEX KEY:			0001476654
		STATE OF INCORPORATION:			X3
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34087
		FILM NUMBER:		211163330

	BUSINESS ADDRESS:	
		STREET 1:		RUTA 8, KM. 17.500
		STREET 2:		EDIFICIO 3, LOCAL 3
		CITY:			MONTEVIDEO
		STATE:			X3
		ZIP:			91600
		BUSINESS PHONE:		(5982)5182217

	MAIL ADDRESS:	
		STREET 1:		RUTA 8, KM. 17.500
		STREET 2:		EDIFICIO 3, LOCAL 3
		CITY:			MONTEVIDEO
		STATE:			X3
		ZIP:			91600

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			IRSA INVESTMENTS & REPRESENTATIONS INC
		CENTRAL INDEX KEY:			0000933267
		STANDARD INDUSTRIAL CLASSIFICATION:	LAND SUBDIVIDERS & DEVELOPERS (NO CEMETERIES) [6552]
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34087
		FILM NUMBER:		211163337

	BUSINESS ADDRESS:	
		STREET 1:		BOLIVAR 108
		CITY:			BUENOS AIRES
		STATE:			C1
		ZIP:			C1066AAD
		BUSINESS PHONE:		00541143237449

	MAIL ADDRESS:	
		STREET 1:		BOLIVAR 108
		CITY:			BUENOS AIRES
		STATE:			C1
		ZIP:			C1066AAD

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			CRESUD INC
		CENTRAL INDEX KEY:			0001034957
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE [6500]
		STATE OF INCORPORATION:			C1
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34087
		FILM NUMBER:		211163333

	BUSINESS ADDRESS:	
		STREET 1:		MORENO 877
		CITY:			BUENOS AIRES
		STATE:			C1
		ZIP:			C1091AAQ
		BUSINESS PHONE:		00541143237449

	MAIL ADDRESS:	
		STREET 1:		MORENO 877
		CITY:			BUENOS AIRES
		STATE:			C1
		ZIP:			C1091AAQ

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			ELSZTAIN EDUARDO S
		CENTRAL INDEX KEY:			0001037182

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34087
		FILM NUMBER:		211163336

	MAIL ADDRESS:	
		STREET 1:		BOLIVAR 108 1??P
		CITY:			BUENOS AIRES
		STATE:			C1
		ZIP:			00000

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			CONSULTORES VENTURE CAPITAL URUGUAY STOCK CORP
		CENTRAL INDEX KEY:			0001476653
		STATE OF INCORPORATION:			X3
		FISCAL YEAR END:			0330

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34087
		FILM NUMBER:		211163328

	BUSINESS ADDRESS:	
		STREET 1:		RUTA 8, KM. 17.500
		STREET 2:		EDIFICIO 3, LOCAL 3
		CITY:			MONTEVIDEO
		STATE:			X3
		ZIP:			91600
		BUSINESS PHONE:		(5982)5182217

	MAIL ADDRESS:	
		STREET 1:		RUTA 8, KM. 17.500
		STREET 2:		EDIFICIO 3, LOCAL 3
		CITY:			MONTEVIDEO
		STATE:			X3
		ZIP:			91600

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			REAL ESTATE STRATEGIES LP
		CENTRAL INDEX KEY:			0001541641

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34087
		FILM NUMBER:		211163332

	BUSINESS ADDRESS:	
		STREET 1:		2 CHURCH STREET
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM CX
		BUSINESS PHONE:		(441) 299 4925

	MAIL ADDRESS:	
		STREET 1:		2 CHURCH STREET
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM CX

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			CONSULTORES ASSETS MANAGEMENT STOCK CORP
		CENTRAL INDEX KEY:			0001476663
		STATE OF INCORPORATION:			C1
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34087
		FILM NUMBER:		211163335

	BUSINESS ADDRESS:	
		STREET 1:		BOLIVAR 108, PISO 2?
		CITY:			BUENOS AIRES
		STATE:			C1
		ZIP:			C1066AAD
		BUSINESS PHONE:		(54)1143237522

	MAIL ADDRESS:	
		STREET 1:		BOLIVAR 108, PISO 2?
		CITY:			BUENOS AIRES
		STATE:			C1
		ZIP:			C1066AAD

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			CONSULTORES VENTURE CAPITAL LTD
		CENTRAL INDEX KEY:			0001476664
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34087
		FILM NUMBER:		211163334

	BUSINESS ADDRESS:	
		STREET 1:		RUTA 8, KM. 17.500
		STREET 2:		EDIFICIO 3, LOCAL 3
		CITY:			MONTEVIDEO
		STATE:			X3
		ZIP:			91600
		BUSINESS PHONE:		(5982)5182217

	MAIL ADDRESS:	
		STREET 1:		RUTA 8, KM. 17.500
		STREET 2:		EDIFICIO 3, LOCAL 3
		CITY:			MONTEVIDEO
		STATE:			X3
		ZIP:			91600

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			AGROINVESTMENT STOCK CORP
		CENTRAL INDEX KEY:			0001476665
		STATE OF INCORPORATION:			X3
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34087
		FILM NUMBER:		211163329

	BUSINESS ADDRESS:	
		STREET 1:		RUTA 8, KM. 17.500
		STREET 2:		EDIFICIO 3, LOCAL 3
		CITY:			MONTEVIDEO
		STATE:			X3
		ZIP:			91600
		BUSINESS PHONE:		(5982)5182217

	MAIL ADDRESS:	
		STREET 1:		RUTA 8, KM. 17.500
		STREET 2:		EDIFICIO 3, LOCAL 3
		CITY:			MONTEVIDEO
		STATE:			X3
		ZIP:			91600

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Ifis LTD
		CENTRAL INDEX KEY:			0001477078
		STATE OF INCORPORATION:			D0
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34087
		FILM NUMBER:		211163331

	BUSINESS ADDRESS:	
		STREET 1:		MINTFLOWER PLACE, 4TH FLOOR
		STREET 2:		8 PAR-LA-VILLE ROAD
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM 08
		BUSINESS PHONE:		(54)1151667000

	MAIL ADDRESS:	
		STREET 1:		FLORIDA 537, PISO 18?
		CITY:			BUENOS AIRES
		STATE:			C1
		ZIP:			C1005AAK

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CONDOR HOSPITALITY TRUST, INC.
		CENTRAL INDEX KEY:			0000929545
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				521889548
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1800 WEST PASEWALK AVENUE
		STREET 2:		SUITE 120
		CITY:			NORFOLK
		STATE:			NE
		ZIP:			68701
		BUSINESS PHONE:		4023712520

	MAIL ADDRESS:	
		STREET 1:		1800 WEST PASEWALK AVENUE
		STREET 2:		SUITE 120
		CITY:			NORFOLK
		STATE:			NE
		ZIP:			68701

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SUPERTEL HOSPITALITY INC
		DATE OF NAME CHANGE:	20050601

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HUMPHREY HOSPITALITY TRUST INC
		DATE OF NAME CHANGE:	19940906
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0306</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2021-07-29</periodOfReport>

    <issuer>
        <issuerCik>0000929545</issuerCik>
        <issuerName>CONDOR HOSPITALITY TRUST, INC.</issuerName>
        <issuerTradingSymbol>CDOR</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000933267</rptOwnerCik>
            <rptOwnerName>IRSA INVESTMENTS &amp; REPRESENTATIONS INC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>BOLIVAR 108</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>BUENOS AIRES</rptOwnerCity>
            <rptOwnerState>C1</rptOwnerState>
            <rptOwnerZipCode>C1066AAD</rptOwnerZipCode>
            <rptOwnerStateDescription>ARGENTINA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
            <isTenPercentOwner>true</isTenPercentOwner>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001037182</rptOwnerCik>
            <rptOwnerName>ELSZTAIN EDUARDO S</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>BOLIVAR 108 1??P</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>BUENOS AIRES</rptOwnerCity>
            <rptOwnerState>C1</rptOwnerState>
            <rptOwnerZipCode>00000</rptOwnerZipCode>
            <rptOwnerStateDescription>ARGENTINA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
            <isTenPercentOwner>true</isTenPercentOwner>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001476663</rptOwnerCik>
            <rptOwnerName>CONSULTORES ASSETS MANAGEMENT STOCK CORP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>BOLIVAR 108, PISO 2?</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>BUENOS AIRES</rptOwnerCity>
            <rptOwnerState>C1</rptOwnerState>
            <rptOwnerZipCode>C1066AAD</rptOwnerZipCode>
            <rptOwnerStateDescription>ARGENTINA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
            <isTenPercentOwner>true</isTenPercentOwner>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001476664</rptOwnerCik>
            <rptOwnerName>CONSULTORES VENTURE CAPITAL LTD</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>RUTA 8, KM. 17.500</rptOwnerStreet1>
            <rptOwnerStreet2>EDIFICIO 3, LOCAL 3</rptOwnerStreet2>
            <rptOwnerCity>MONTEVIDEO</rptOwnerCity>
            <rptOwnerState>X3</rptOwnerState>
            <rptOwnerZipCode>91600</rptOwnerZipCode>
            <rptOwnerStateDescription>URUGUAY</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
            <isTenPercentOwner>true</isTenPercentOwner>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001034957</rptOwnerCik>
            <rptOwnerName>CRESUD INC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>MORENO 877</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>BUENOS AIRES</rptOwnerCity>
            <rptOwnerState>C1</rptOwnerState>
            <rptOwnerZipCode>C1091AAQ</rptOwnerZipCode>
            <rptOwnerStateDescription>ARGENTINA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
            <isTenPercentOwner>true</isTenPercentOwner>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001541641</rptOwnerCik>
            <rptOwnerName>REAL ESTATE STRATEGIES LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>2 CHURCH STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>HAMILTON</rptOwnerCity>
            <rptOwnerState>D0</rptOwnerState>
            <rptOwnerZipCode>HM CX</rptOwnerZipCode>
            <rptOwnerStateDescription>BERMUDA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
            <isTenPercentOwner>true</isTenPercentOwner>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001477078</rptOwnerCik>
            <rptOwnerName>Ifis LTD</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>FLORIDA 537, PISO 18?</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>BUENOS AIRES</rptOwnerCity>
            <rptOwnerState>C1</rptOwnerState>
            <rptOwnerZipCode>C1005AAK</rptOwnerZipCode>
            <rptOwnerStateDescription>ARGENTINA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
            <isTenPercentOwner>true</isTenPercentOwner>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001476654</rptOwnerCik>
            <rptOwnerName>INVERSIONES FINANCIERAS DEL SUR STOCK CORP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>RUTA 8, KM. 17.500</rptOwnerStreet1>
            <rptOwnerStreet2>EDIFICIO 3, LOCAL 3</rptOwnerStreet2>
            <rptOwnerCity>MONTEVIDEO</rptOwnerCity>
            <rptOwnerState>X3</rptOwnerState>
            <rptOwnerZipCode>91600</rptOwnerZipCode>
            <rptOwnerStateDescription>URUGUAY</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
            <isTenPercentOwner>true</isTenPercentOwner>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001476665</rptOwnerCik>
            <rptOwnerName>AGROINVESTMENT STOCK CORP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>RUTA 8, KM. 17.500</rptOwnerStreet1>
            <rptOwnerStreet2>EDIFICIO 3, LOCAL 3</rptOwnerStreet2>
            <rptOwnerCity>MONTEVIDEO</rptOwnerCity>
            <rptOwnerState>X3</rptOwnerState>
            <rptOwnerZipCode>91600</rptOwnerZipCode>
            <rptOwnerStateDescription>URUGUAY</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
            <isTenPercentOwner>true</isTenPercentOwner>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001476653</rptOwnerCik>
            <rptOwnerName>CONSULTORES VENTURE CAPITAL URUGUAY STOCK CORP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>RUTA 8, KM. 17.500</rptOwnerStreet1>
            <rptOwnerStreet2>EDIFICIO 3, LOCAL 3</rptOwnerStreet2>
            <rptOwnerCity>MONTEVIDEO</rptOwnerCity>
            <rptOwnerState>X3</rptOwnerState>
            <rptOwnerZipCode>91600</rptOwnerZipCode>
            <rptOwnerStateDescription>URUGUAY</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
            <isTenPercentOwner>true</isTenPercentOwner>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2021-07-29</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1416586</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>4754198</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Series E Cumulative Convertible Preferred Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2021-07-29</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>487738</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>1416586</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The reporting group elected to exercise its right to require the Issuer to redeem all 487,738 shares of the Series E Stock (the &quot;Shares&quot;) held by the reporting group at a value per share equal to 130% of the $10 liquidation preference of the Shares, plus accrued and unpaid dividends, on July 29, 2021, pursuant to the terms of the Shares. The Issuer had the right to redeem the Shares with cash or by issuing shares of common stock, and a special committee of independent directors of the board of directors of the Issuer unanimously approved redemption of the Shares with shares of common stock. (Continued at Footnote 2)</footnote>
        <footnote id="F2">(Continued from Footnote 1) For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the reporting group is deemed a Director by Deputization by virtue of its representation on the Board of Directors of the Issuer. The number of shares of common stock issued to effect redemption of the Shares equals 1,416,586 shares of common stock based on the weighted market sale price average of the common stock for the applicable thirty trading day period of $4.90 per share.</footnote>
    </footnotes>

    <remarks>This Form 4 is being filed in two parts due to the ten person reporting limitation of the electronic filing system. Part 1 is being filed by the following persons: Eduardo S. Elsztain, Consultores Assets Management, S.A., Consultores Venture Capital Limited, Cresud Sociedad Anonima Comercial, Inmobiliara Financiera y Agropecuaria, Consultores Venture Capital Uruguay, SA, Real Estate Strategies L.P., IRSA Inversiones y Representaciones Sociedad Anonima, IFIS Limited, and Inversiones Financieras del Sur S.A. Part 2 is being filed by the following persons: Efanur S.A., Tyrus S.A., Jiwin S.A. and Real Estate Investment Group VII L.P.</remarks>

    <ownerSignature>
        <signatureName>/s/ IRSA Investments and Representations Inc. by Eduardo Elsztain, Chairman of the Board</signatureName>
        <signatureDate>2021-08-11</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Eduardo Elsztain</signatureName>
        <signatureDate>2021-08-11</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Consultores Assets Management, S.A. by Eduardo Elsztain, Chairman of the Board</signatureName>
        <signatureDate>2021-08-11</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Consultores Venture Capital Limited by Eduardo Elsztain, Chairman of the Board</signatureName>
        <signatureDate>2021-08-11</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Cresud, Inc. by Eduardo Elsztain, Chairman of the Board</signatureName>
        <signatureDate>2021-08-11</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Real Estate Strategies L.P. by Eduardo Elsztain, Chairman of the Board</signatureName>
        <signatureDate>2021-08-11</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ IFIS Limited by Eduardo Elsztain, Chairman of the Board</signatureName>
        <signatureDate>2021-08-11</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Inversiones Financieras del Sur S.A. by Eduardo Elsztain, Chairman of the Board</signatureName>
        <signatureDate>2021-08-11</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Agroinvestment S.A. by Eduardo Elsztain, Chairman of the Board</signatureName>
        <signatureDate>2021-08-11</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Consultores Venture Capital Uruguay, S.A. by Eduardo Elsztain, Chairman of the Board</signatureName>
        <signatureDate>2021-08-11</signatureDate>
    </ownerSignature>
</ownershipDocument>
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<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>exhibitirsaform4.htm
<DESCRIPTION>EXHIBIT
<TEXT>
<html>
  <head>
    <title></title>
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         Copyright 1995 - 2021 Broadridge -->
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  <div>
    <div style="text-align: right; margin-right: 67.9pt; margin-left: 90pt;">Exhibit</div>
    <div style="text-align: justify; margin-right: 67.9pt; margin-left: 90pt;">Explanation for responses:</div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-right: 67.9pt; margin-left: 90pt;">This statement is being filed jointly by Mr. Eduardo S. Elsztain (&#8220;Elsztain&#8221;), Consultores Assets Management S.A.
      (&#8220;CAM&#8221;), Consultores Venture Capital Uruguay S.A. (&#8220;CVC Uruguay&#8221;), Agroinvestment S.A. (&#8220;Agroinvestment&#8221;), Consultores Venture Capital Ltd. (&#8220;CVC Cayman&#8221;), IFIS Limited (&#8220;IFIS&#8221;), Inversiones Financieras del Sur S.A. (&#8220;IFISA&#8221;), Cresud Sociedad An&#243;nima
      Comercial, Inmobiliaria, Financiera y Agropecuaria (&#8220;Cresud&#8221;), IRSA Inversiones y Representaciones Sociedad An&#243;nima ("IRSA"), Tyrus S.A. (&#8220;Tyrus&#8221;), Jiwin S.A. (&#8220;Jiwin&#8221;), Efanur SA (&#8220;Efanur&#8221;), Real Estate Strategies L.P. (&#8220;RES&#8221;) and Real Estate
      Investment Group VII, L.P. (&#8220;REIG VII&#8221; and together with Elsztain, CAM, CVC Uruguay, Agroinvestment, CVC Cayman, IFIS, IFISA, Cresud, IRSA, Tyrus, Jiwin, Efanur and RES the "Reporting Persons").</div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-right: 67.9pt; margin-left: 90pt;">Mr. Elsztain is a citizen of the Republic of Argentina who serves as Chairman of the board of directors of each of
      the following companies, except for RES, IFIS and CVC Cayman:</div>
    <div><br>
    </div>
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zb29a705d3f194f9d9c5326b02291a104" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 141.75pt; vertical-align: top; align: right;">
              <div style="margin-left: 90pt;">(i)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;">IFIS, a limited liability company organized under the laws of Bermuda;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z931386a531184682ba7631c830920b7b" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 141.75pt; vertical-align: top; align: right;">
              <div style="margin-left: 90pt;">(ii)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;">IFISA, a stock corporation organized under the laws of the Republic of Uruguay;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z7c8981827deb497590436203a678d938" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 141.75pt; vertical-align: top; align: right;">
              <div style="margin-left: 90pt;">(iii)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;">Cresud, a stock corporation organized under the laws of the Republic of Argentina;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z539a55bdf629409d9593745bfa03df67" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 141.75pt; vertical-align: top; align: right;">
              <div style="margin-left: 90pt;">(iv)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;">IRSA, a stock corporation organized under the laws of the Republic of Argentina;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zb67f9b8e379642f582748b46c6a35600" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 141.75pt; vertical-align: top; align: right;">
              <div style="margin-left: 90pt;">(v)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;">CAM, a stock corporation company organized under the laws of Argentina;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zf8a374daf2f24813b28787b0414a7f6c" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 141.75pt; vertical-align: top; align: right;">
              <div style="margin-left: 90pt;">(vi)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;">CVC Cayman, a stock corporation organized under the laws of Cayman Island;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z970104cfacd54110bc7dcccf0f8f3b44" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 141.75pt; vertical-align: top; align: right;">
              <div style="margin-left: 90pt;">(vii)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;">CVC Uruguay, a stock corporation organized under the laws of the Republic of Uruguay;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z70cfb5e1cf6a4f3e80df68bca21a2fde" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 141.75pt; vertical-align: top; align: right;">
              <div style="margin-left: 90pt;">(viii)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;">Agroinvestment, a stock corporation organized under the laws of the Republic of Uruguay;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z8d2d31a8b05e4f49b4702ba49d970be5" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 141.75pt; vertical-align: top; align: right;">
              <div style="margin-left: 90pt;">(ix)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;">Tyrus, a stock corporation organized under the laws of the Republic of Uruguay;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z97826806fdd34e8f8b135f28b69fb40c" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 141.75pt; vertical-align: top; align: right;">
              <div style="margin-left: 90pt;">(x)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;">Jiwin, a stock corporation organized under the laws of the Republic of Uruguay, who serves as general partner of Real Estate Strategies L.P.;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z9b677b6f52d545509f1d93d6cf78bfec" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 141.75pt; vertical-align: top; align: right;">
              <div style="margin-left: 90pt;">(xi)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;">Efanur, a stock corporation organized under the laws of the Republic of Uruguay, who is the major limited partner of RES;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="za62e50e3e37448ac97b43a3386ebbfee" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 141.75pt; vertical-align: top; align: right;">
              <div style="margin-left: 90pt;">(xii)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;">RES, a limited partnership organized under the laws of Bermuda;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zcc67a145856f4cffa6ad9060466cf9af" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 141.75pt; vertical-align: top; align: right;">
              <div style="margin-left: 90pt;">(xiii)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;">REIG VII, a limited partnership organized under the laws of Bermuda.</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-right: 67.9pt; margin-left: 90pt;">Elsztain&#8217;s principal offices are located at Bol&#237;var 108, 1st floor, Buenos Aires, Argentina; IFIS&#8217; principal
      offices are located at Clarendon House, 2 Church Street, Hamilton HM 11CX Bermuda; IFISA&#8217;s principal offices are located at Ruta 8, 17,500, Edificio @1 Local 106, CP 91609 Montevideo, Republic of Uruguay; Cresud&#8217;s principal offices are located at
      Carlos Della Paolera 261, 9<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> Floor (C1001ADA), Buenos Aires, Argentina; IRSA&#8217;s principal offices are located at Carlos Della Paolera 261, 9th Floor (C1001ADA), Buenos Aires, Argentina; CAM&#8217;s principal offices are located at Bol&#237;var 108,
      1st floor, Buenos Aires, Argentina; CVC Cayman&#8217;s principal offices are located at 4<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> Floor, Harbour Place, South Church Street, P.O. Box 10240, Grand Cayman, KYI-1002, Cayman Islands; CVC Uruguay&#8217;s principal offices are located at Ruta 8,
      17,500, Edificio @1 Local 106, CP 91609 Montevideo, of the Republic of Uruguay; Agroinvestment&#8217;s principal offices are located at Zabala 1422, 2<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">nd</sup> Floor, (11000) Montevideo, Republic of Uruguay; Tyrus&#8217; principal offices are located at
      Zabala 1422 (11000), Montevideo, Republic of Uruguay, Jiwin&#8217;s principal offices are located at Zabala 1422 (11000), Montevideo, Republic of Uruguay, Efanur&#8217;s principal offices are located at Zabala 1422, (11000), Montevideo, Republic of Uruguay, RES&#180;
      principal offices are located at Clarendon House 2 Church Street, Hamilton HM CX, Bermuda and REIG VII&#8217;s principal offices are located at Clarendon House 2 Church Street, Hamilton HM CX, Bermuda.</div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-right: 67.9pt; margin-left: 90pt;">The reported securities may be deemed to be indirectly beneficially owned by the list of entities described on the
      previous paragraphs except for RES whose direct beneficial ownership is listed below. The Reporting Persons disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein, and this report shall not
      be deemed an admission that such Reporting Persons are the beneficial owners of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.</div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-right: 67.9pt; margin-left: 90pt;">As of July 29, 2021:</div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z33710e61999344a884ceeb3a64fe76ac" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 90pt;"><br>
          </td>
          <td style="width: 54pt; vertical-align: top; align: right;">(i)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Elsztain is the Chairman of the Board of Directors of IFISA, Cresud, CAM, CVC Uruguay, Agroinvestment, IRSA, Efanur, Jiwin and Tyrus, except for REIG VII, a company in
              which Jiwin (wholly owned by IRSA) is the General Partner, and RES, a company in which a company controlled by Elsztain is the General Partner;</div>
          </td>
        </tr>

    </table>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zd8fca17f07ac41bc9c7f507fbaf4add8" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 90pt;"><br>
          </td>
          <td style="width: 54pt; vertical-align: top; align: right;">(ii)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>CVC Cayman, a company controlled by Elsztain, serves as the Investment Manager of IFIS;</div>
          </td>
        </tr>

    </table>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z5930200b42f345f9af937309fc8abb0c" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 90pt;"><br>
          </td>
          <td style="width: 54pt; vertical-align: top; align: right;">(iii)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>IFIS is the direct owner of 100% of the common shares of IFISA;</div>
          </td>
        </tr>

    </table>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z62fcb41f112d42469f99c8b4091aa9e9" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 90pt;"><br>
          </td>
          <td style="width: 54pt; vertical-align: top; align: right;">(iv)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>IFISA directly owns the equivalent of 93,847,871 common shares of Cresud representing approximately 13.77% of Cresud&#8217;s fully diluted outstanding; Agroinvestment, a
              company fully owned by Elsztain, directly owns the equivalent of 97,192,970 common shares of Cresud representing approximately 14.26% of Cresud&#8217;s fully diluted outstanding; CVC Uruguay, a company controlled by Elsztain, directly owns the
              equivalent of 1,260 common shares of Cresud representing approximately 0.0002% of Cresud&#8217;s fully diluted outstanding and Eduardo Sergio Elsztain directly owns the equivalent of 60,094,215 common shares of Cresud representing approximately
              8.82% of Cresud&#8217;s fully diluted outstanding &#160;Neither of them directly own Common Stock;</div>
          </td>
        </tr>

    </table>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z77bcd214d0ab43788aa33b28e63385cf" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 90pt;"><br>
          </td>
          <td style="width: 54pt; vertical-align: top; align: right;">(v)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Cresud directly and indirectly owns 62.06% of IRSA&#8217;s fully diluted outstanding; CAM, a company controlled by Elsztain, owns the equivalent of 555,775 common shares of
              IRSA, representing approximately 0.08% of IRSA&#8217;s fully diluted outstanding; CVC Uruguay owns the equivalent of 4,072,009 common shares of IRSA representing approximately 0.55% of IRSA&#8217;s fully diluted outstanding and Eduardo Sergio Elsztain
              owns the equivalent of 3,316,065 common shares of IRSA representing approximately 0.45% of IRSA&#8217;s fully diluted outstanding; Cresud does not directly own Common Stock;</div>
          </td>
        </tr>

    </table>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="ze1a488784bf2456c8df942fef7d1dd85" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 90pt;"><br>
          </td>
          <td style="width: 54pt; vertical-align: top; align: right;">(vi)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>IRSA owns 100% of Tyrus&#8217; and Efanur&#8217;s capital stock. IRSA does not directly own Common Stock;</div>
          </td>
        </tr>

    </table>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z8f3b234a6c1948118b37207b8186a222" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 90pt;"><br>
          </td>
          <td style="width: 54pt; vertical-align: top; align: right;">(vii)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Tyrus owns 100% of the capital stock of Jiwin. Tyrus does not directly own Common Stock;</div>
          </td>
        </tr>

    </table>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z7bc4a318b6104fd1a885eac03b36e5bb" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 90pt;"><br>
          </td>
          <td style="width: 54pt; vertical-align: top; align: right;">(viii)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Jiwin serves as general Partner of REIG VII; Jiwin does not directly own Common Stock;</div>
          </td>
        </tr>

    </table>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z81afc7776d074246bb3deb20853f75ee" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 90pt;"><br>
          </td>
          <td style="width: 54pt; vertical-align: top; align: right;">(ix)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Efanur is the sole limited partner of REIG VII. Efanur owns directly 48,076 shares of Common Stock;</div>
          </td>
        </tr>

    </table>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z1ac42f07e6fd42598fb85790e37fdb97" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 90pt;"><br>
          </td>
          <td style="width: 54pt; vertical-align: top; align: right;">(x)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>RES owns directly 1,562,985 Shares of Common Stock.&#160; RES holds directly a promissory note convertible for up to 32,305 shares of Common Stock attributable to RES,
              subject to the 49% ownership limitation; and</div>
          </td>
        </tr>

    </table>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z0358409555514f87ac92dbf82d1ca135" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 90pt;"><br>
          </td>
          <td style="width: 54pt; vertical-align: top; align: right;">(xi)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>REIG VII owns directly 3,143,137 Shares of Common Stock.&#160; REIG VII holds an interest in a promissory note convertible for up to 64,964 shares of Common Stock
              attributable to REIG VII, subject to the 49% ownership limitation.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
  </div>
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