CDOR Condor Hospitality Trust Inc

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES                                                                                   
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940                       

1. Name and Address of Reporting Person * StepStone Group Real Estate Holdings LLC	2. Issuer Name and Ticker or Trading Symbol CONDOR HOSPITALITY TRUST, INC. [ CDOR ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director                    __X__ 10% Owner _____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle) 4275 EXECUTIVE SQUARE, SUITE 500	3. Date of Earliest Transaction (MM/DD/YYYY) 4/1/2020
(Street) LA JOLLA, CA 92037 (City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) ___ Form filed by One Reporting Person _ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	4/1/2020		A		2112 (1)	A	$0.00	2901877	I	See Footnote (2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:
(1)	Shares of the Issuer's Common Stock issued under the Issuer's 2016 Stock Plan as director fees for board service by Brendan MacDonald for the quarter ended March 31, 2020. Mr. MacDonald is a member of StepStone Group Real Estate Holdings LLC, general manager of StepStone Group Real Estate LP, the sole member and investment manager of StepStone Rep III (GP), LLC, the general partner of SREP III Flight-Investco, L.P. The terms of Mr. MacDonald's employment with StepStone Group Real Estate Holdings LLC provide that all director fees received by him is for the sole benefit of SREP III Flight-Investco, L.P. Mr. MacDonald, as a representative of the Reporting Person, is a Director of the Issuer. For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the Reporting Person is deemed a Director by Deputization by virtue of its representation on the Board of Directors of the Issuer.
(2)	StepStone Group Real Estate Holdings LLC is the general partner of StepStone Group Real Estate LP, the sole member and investment manager of StepStone REP III (GP), LLC, the general partner of SREP III Flight - Investco L.P., the record holder of the shares. Each of the foregoing entities other than SREP III Flight - Investco, L.P. disclaims beneficial ownership of the shares except to the extent of a pecuniary interest therein.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
StepStone Group Real Estate Holdings LLC 4275 EXECUTIVE SQUARE, SUITE 500 LA JOLLA, CA 92037	X	X
SREP III Flight - Investco, L.P. 4275 EXECUTIVE SQUARE, SUITE 500 LA JOLLA, CA 92037	X	X
StepStone REP III (GP), LLC 4275 EXECUTIVE SQUARE, SUITE 500 LA JOLLA, CA 92037	X	X
StepStone Group Real Estate LP 4275 EXECUTIVE SQUARE, SUITE 500 LA JOLLA, CA 92037	X	X

Signatures
StepStone Group Real Estate Holdings LLC, by its partner Brendan MacDonald, /s/ Brendan MacDonald		4/3/2020
**Signature of Reporting Person		Date
SREP III Flight - Investco, L.P. by its general partner StepStone REP III (GP), LLC, by its partner Brendan MacDonald, /s/ Brendan MacDonald		4/3/2020
**Signature of Reporting Person		Date
StepStone REP III (GP), LLC by its sole member StepStone Group Real Estate LP, by its general partner StepStone Group Real Estate Holdings, LLC, by its partner Brendan MacDonald, /s/ Brendan MacDonald		4/3/2020
**Signature of Reporting Person		Date
StepStone Group Real Estate LP, by its general partner StepStone Group Real Estate Holdings, LLC, by its partner Brendan MacDonald, /s/ Brendan MacDonald		4/3/2020
**Signature of Reporting Person		Date