UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549  


SCHEDULE 13D/A
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN
STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND
AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
Under the Securities Exchange Act of 1934
(Amendment No. 9)*  


Condor Hospitality Trust, Inc. (CDOR)
(Name of Issuer)

Common Stock
(Title of Class of Securities)

20676Y403
(CUSIP Number)
 
Saúl Zang
Juan Manuel Quintana
Carolina Zang
Pablo Vergara del Carril
Zang, Bergel y Viñes Abogados
Florida 537, 18th Floor C1005AAK
Buenos Aires, Argentina
+54(11) 4322-0033
+54 (11) 5166-7000
(Name, Address and Telephone Number of Person authorized to Receive Notices and Communications)

November 18, 2020
(Date of Event which Requires Filing of this Statement)  
 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box.  ☐ 
 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to who copies are to be sent.


 
*
The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).  

__________________________________________________________________________________


CUSIP No. 20676Y403
 
 
Page 1 of 29
1.     
NAME OF REPORTING PERSON
 
Eduardo S. Elsztain
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)  ☒        (b)  ☐
 
3.
SEC USE ONLY
 
4.
SOURCE OF FUNDS
 
AF - WC
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Republic of Argentina
NUMBER OF SHARES
BENEFICIALLY  
OWNED BY
EACH REPORTING
PERSON WITH
 
7.
SOLE VOTING POWER
 
0
8.
SHARED VOTING POWER
 
3,787,166*
9.
SOLE DISPOSITIVE POWER
 
0
10.
SHARED DISPOSITIVE POWER
 
3,787,166*
11.    
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
3,787,166*
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
30.4%*
14.
TYPE OF REPORTING PERSON
 
IN
*
Unless otherwise noted, the Reporting Persons beneficially own 3,787,164 shares of common stock, $0.01 par value per share (“Common Stock”), consisting of (i) 2,197,023 shares of Common Stock held by Real Estate Investment Group VII L.P., 1,092,513 shares of Common Stock held by Real Estate Strategies L.P. and 48,076 shares of Common Stock held by Efanur S.A., (ii) 64,964 shares of Common Stock issuable upon conversion of a promissory note held for the benefit of Real Estate Investment Group VII L.P. and 32,305 shares of Common Stock issuable upon conversion of a promissory note held by Real Estate Strategies L.P. and (iii) 352,283 shares of Common Stock which would be received upon the conversion of the 487,738 shares of Series E Cumulative Convertible Preferred Stock (“Series E Stock”), which is convertible at the option of the holders. The percentage of class shown represents the percentage based on 12,015,686 shares of Common Stock outstanding as of November 15, 2020.



CUSIP No. 20676Y403
 
 
Page 2 of 29
1.
NAME OF REPORTING PERSON
 
Agroinvestment S.A.
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)  ☒        (b)  ☐
 
3.
SEC USE ONLY
 
4.
SOURCE OF FUNDS
 
AF - WC
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Republic of Uruguay
NUMBER OF SHARES
BENEFICIALLY  
OWNED BY
EACH REPORTING
PERSON WITH
 
7.
SOLE VOTING POWER
 
0
8.
SHARED VOTING POWER
 
3,787,166*
9.
SOLE DISPOSITIVE POWER
 
0
10.
SHARED DISPOSITIVE POWER
 
3,787,166*
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
3,787,166*
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
30.4%*
14.
TYPE OF REPORTING PERSON
 
CO
*
Refer to note at bottom of Page 1.


CUSIP No. 20676Y403
 
 
Page 3 of 29
1.
NAME OF REPORTING PERSON
 
IFIS Limited
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)  ☒        (b)  ☐
 
3.
SEC USE ONLY
 
4.
SOURCE OF FUNDS
 
AF - WC
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Bermuda
NUMBER OF SHARES
BENEFICIALLY  
OWNED BY
EACH REPORTING
PERSON WITH
 
7.
SOLE VOTING POWER
 
0
8.
SHARED VOTING POWER
 
3,787,166*
9.
SOLE DISPOSITIVE POWER
 
0
10.
SHARED DISPOSITIVE POWER
 
3,787,166*
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
3,787,166*
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
30.4%*
14.
TYPE OF REPORTING PERSON
 
CO
*
Refer to note at bottom of Page 1


CUSIP No. 20676Y403
 
 
Page 4 of 29
1.     
NAME OF REPORTING PERSON
 
Inversiones Financieras del Sur S.A.
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)  ☒        (b)  ☐
 
3.
SEC USE ONLY
 
4.
SOURCE OF FUNDS
 
AF - WC
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Republic of Uruguay
NUMBER OF SHARES
BENEFICIALLY  
OWNED BY
EACH REPORTING
PERSON WITH
 
7.
SOLE VOTING POWER
 
0
8.
SHARED VOTING POWER
 
3,787,166*
9.
SOLE DISPOSITIVE POWER
 
0
10.
SHARED DISPOSITIVE POWER
 
3,787,166*
11.    
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
3,787,166*
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
30.4%*
14.
TYPE OF REPORTING PERSON
 
CO
*
Refer to note at bottom of Page 1


CUSIP No. 20676Y403
 
 
Page 5 of 29
1.     
NAME OF REPORTING PERSON
 Cresud Sociedad Anónima Comercial Inmobiliaria
Financiera y Agropecuaria
 
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)  ☒        (b)  ☐
 
3.
SEC USE ONLY
 
4.
SOURCE OF FUNDS
 
AF - WC
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Republic of Argentina
NUMBER OF SHARES
BENEFICIALLY  
OWNED BY
EACH REPORTING
PERSON WITH
 
7.
SOLE VOTING POWER
 
0
8.
SHARED VOTING POWER
 
3,787,166*
9.
SOLE DISPOSITIVE POWER
 
0
10.
SHARED DISPOSITIVE POWER
 
3,787,166*
11.    
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
3,787,166*
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
30.4%*
14.
TYPE OF REPORTING PERSON
 
CO
*
Refer to note at bottom of Page 1.



CUSIP No. 20676Y403
 
 
Page 6 of 29
1.
NAME OF REPORTING PERSON
 
Helmir S.A.
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)  ☒        (b)  ☐
 
3.
SEC USE ONLY
 
4.
SOURCE OF FUNDS
 
AF - WC
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Republic of Uruguay
NUMBER OF SHARES
BENEFICIALLY  
OWNED BY
EACH REPORTING
PERSON WITH
 
7.
SOLE VOTING POWER
 
0
8.
SHARED VOTING POWER
 
3,787,166*
9.
SOLE DISPOSITIVE POWER
 
0
10.
SHARED DISPOSITIVE POWER
 
3,787,166*
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
3,787,166*
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
30.4%*
14.
TYPE OF REPORTING PERSON
 
CO
*
Refer to note at bottom of Page 1.


CUSIP No. 20676Y403
 
 
Page 7 of 29
1.     
NAME OF REPORTING PERSON
 
Consultores Venture Capital Limited
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)  ☒        (b)  ☐
 
3.
SEC USE ONLY
 
4.
SOURCE OF FUNDS
 
AF - WC
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Cayman Islands
NUMBER OF SHARES
BENEFICIALLY  
OWNED BY
EACH REPORTING
PERSON WITH
 
7.
SOLE VOTING POWER
 
0
8.
SHARED VOTING POWER
 
3,787,166*
9.
SOLE DISPOSITIVE POWER
 
0
10.
SHARED DISPOSITIVE POWER
 
3,787,166*
11.    
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
3,787,166*
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
30.4%*
14.
TYPE OF REPORTING PERSON
 
CO
*
Refer to note at bottom of Page 1.


CUSIP No. 20676Y403
 
 
Page 8 of 29
1.     
NAME OF REPORTING PERSON
 
Consultores Assets Management S.A.
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)  ☒        (b)  ☐
 
3.
SEC USE ONLY
 
4.
SOURCE OF FUNDS
 
AF - WC
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Argentina
NUMBER OF SHARES
BENEFICIALLY  
OWNED BY
EACH REPORTING
PERSON WITH
 
7.
SOLE VOTING POWER
 
0
8.
SHARED VOTING POWER
 
3,787,166*
9.
SOLE DISPOSITIVE POWER
 
0
10.
SHARED DISPOSITIVE POWER
 
3,787,166*
11.    
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
3,787,166*
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
30.4%*
14.
TYPE OF REPORTING PERSON
 
CO
*
Refer to note at bottom of Page 1


CUSIP No. 20676Y403
 
 
Page 9 of 29
1.     
NAME OF REPORTING PERSON
 
Consultores Venture Capital Uruguay S.A.
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)  ☒        (b)  ☐
 
3.
SEC USE ONLY
 
4.
SOURCE OF FUNDS
 
AF - WC
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Republic of Uruguay
NUMBER OF SHARES
BENEFICIALLY  
OWNED BY
EACH REPORTING
PERSON WITH
 
7.
SOLE VOTING POWER
 
0
8.
SHARED VOTING POWER
 
3,787,166*
9.
SOLE DISPOSITIVE POWER
 
0
10.
SHARED DISPOSITIVE POWER
 
3,787,166*
11.    
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
3,787,166*
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
30.4%*
14.
TYPE OF REPORTING PERSON
 
CO
*
Refer to note at bottom of Page 1.



CUSIP No. 20676Y403
 
 
Page 10 of 29
1.     
NAME OF REPORTING PERSON
 
IRSA Inversiones y Representaciones Sociedad Anónima
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)  ☒        (b)  ☐
 
3.
SEC USE ONLY
 
4.
SOURCE OF FUNDS
 
AF - WC
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Republic of Argentina
NUMBER OF SHARES
BENEFICIALLY  
OWNED BY
EACH REPORTING
PERSON WITH
 
7.
SOLE VOTING POWER
 
0
8.
SHARED VOTING POWER
 
3,787,166*
9.
SOLE DISPOSITIVE POWER
 
0
10.
SHARED DISPOSITIVE POWER
 
3,787,166*
11.    
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
3,787,166*
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
30.4%*
14.
TYPE OF REPORTING PERSON
 
CO
*
Refer to note at bottom of Page 1.


CUSIP No. 20676Y403
 
 
Page 11 of 29
1.     
NAME OF REPORTING PERSON
 
Efanur S.A.
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)  ☒        (b)  ☐
 
3.
SEC USE ONLY
 
4.
SOURCE OF FUNDS
 
AF - WC
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Republic of Uruguay
NUMBER OF SHARES
BENEFICIALLY  
OWNED BY
EACH REPORTING
PERSON WITH
 
7.
SOLE VOTING POWER
 
0
8.
SHARED VOTING POWER
 
2,545,348*
9.
SOLE DISPOSITIVE POWER
 
0
10.
SHARED DISPOSITIVE POWER
 
2,545,348*
11.    
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
2,545,348*
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
20.7%*
14.
TYPE OF REPORTING PERSON
 
CO
*
Efanur S.A. beneficially owns 2,545,348 shares of Common Stock, consisting of (i) 2,197,023 shares of Common Stock held by Real Estate Investment Group VII L.P. and 48,076 shares of Common Stock held directly, (ii) 64,964 shares of Common Stock issuable upon conversion of a promissory note held for the benefit of Real Estate Investment Group VII L.P. and (iii) 235,285 shares of Common Stock which would be received upon the conversion of the 325,752 shares of Series E Stock held by Real Estate Investment Group VII L.P., which is convertible at the option of the holder. The percentage of class shown represents the percentage based on 12,015,686 shares of Common Stock outstanding as of November 15, 2020.


CUSIP No. 20676Y403
 
 
Page 12 of 29
1.     
NAME OF REPORTING PERSON
 
Tyrus S.A.
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)  ☒        (b)  ☐
 
3.
SEC USE ONLY
 
4.
SOURCE OF FUNDS
 
AF - WC
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Republic of Uruguay
NUMBER OF SHARES
BENEFICIALLY  
OWNED BY
EACH REPORTING
PERSON WITH
 
7.
SOLE VOTING POWER
 
0
8.
SHARED VOTING POWER
 
2,497,272*
9.
SOLE DISPOSITIVE POWER
 
0
10.
SHARED DISPOSITIVE POWER
 
2,497,272*
11.    
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
2,497,272*
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
20.3%*
14.
TYPE OF REPORTING PERSON
 
CO
*
Tyrus S.A. beneficially own 2,497,272 shares of common stock, $0.01 par value per share (“Common Stock”), consisting of (i) 2,197,023 shares of Common Stock held by Real Estate Investment Group VII L.P., (ii) 64,964 shares of Common Stock issuable upon conversion of a promissory note held for the benefit of Real Estate Investment Group VII L.P.. and (iii) 235,285 shares of Common Stock which would be received upon the conversion of the 352,752 shares of Series Stock, which is convertible at the option of the holders. The percentage of class shown represents the percentage based on 12,015,686 shares of Common Stock outstanding as of November 15, 2020.


CUSIP No. 20676Y403
 
 
Page 13 of 29
1.     
NAME OF REPORTING PERSON
 
Jiwin S.A.
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)  ☒        (b)  ☐
 
3.
SEC USE ONLY
 
4.
SOURCE OF FUNDS
 
AF - WC
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Republic of Uruguay
NUMBER OF SHARES
BENEFICIALLY  
OWNED BY
EACH REPORTING
PERSON WITH
 
7.
SOLE VOTING POWER
 
0
8.
SHARED VOTING POWER
 
2,497,272*
9.
SOLE DISPOSITIVE POWER
 
0
10.
SHARED DISPOSITIVE POWER
 
2,497,272*
11.    
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
2,497,272*
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
20.3%*
14.
TYPE OF REPORTING PERSON
 
CO
*
Jiwin S.A. beneficially own 2,497,272 shares of common stock, $0.01 par value per share (“Common Stock”), consisting of (i) 2,197,023 shares of Common Stock held by Real Estate Investment Group VII L.P., (ii) 64,964 shares of Common Stock issuable upon conversion of a promissory note held for the benefit of Real Estate Investment Group VII L.P. and (iii) 235,285 shares of Common Stock which would be received upon the conversion of the 352,752 shares of Series E Stock, which is convertible at the option of the holders. The percentage of class shown represents the percentage based on 12,015,686 shares of Common Stock outstanding as of November 15, 2020.



CUSIP No. 20676Y403
 
 
Page 14 of 29
1.     
NAME OF REPORTING PERSON
 
Elsztain Managing Partner Limited
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)  ☒        (b)  ☐
 
3.
SEC USE ONLY
 
4.
SOURCE OF FUNDS
 
AF - WC
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
British Virgin Islands
NUMBER OF SHARES
BENEFICIALLY  
OWNED BY
EACH REPORTING
PERSON WITH
 
7.
SOLE VOTING POWER
 
0
8.
SHARED VOTING POWER
 
1,241,818*
9.
SOLE DISPOSITIVE POWER
 
0
10.
SHARED DISPOSITIVE POWER
 
1,241,818*
11.    
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
1,241,818*
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
10.2%*
14.
TYPE OF REPORTING PERSON
 
PN
*
Elsztain Managing Partner Limited beneficially owns 1,241,818 shares of Common Stock, consisting of (i) 1,092,513 shares of Common Stock held by Real Estate Strategies L.P., (ii) 32,305 shares of Common Stock issuable upon conversion of a promissory note held for the benefit of Real Estate Strategies L.P. and (iii) 117,000 shares of Common Stock which would be received upon the conversion of the 161,986 shares of Series E Stock, which is convertible at the option of the holder. The percentage of class shown represents the percentage based on 12,015,686 shares of Common Stock outstanding as of November 15, 2020.


CUSIP No. 20676Y403
 
 
Page 15 of 29
1.     
NAME OF REPORTING PERSON
 
Real Estate Strategies L.P.
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)  ☒        (b)  ☐
 
3.
SEC USE ONLY
 
4.
SOURCE OF FUNDS
 
AF - WC
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Bermuda
NUMBER OF SHARES
BENEFICIALLY  
OWNED BY
EACH REPORTING
PERSON WITH
 
7.
SOLE VOTING POWER
 
0
8.
SHARED VOTING POWER
 
1,241,818*
9.
SOLE DISPOSITIVE POWER
 
0
10.
SHARED DISPOSITIVE POWER
 
1,241,818*
11.    
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
1,241,818*
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
10.2%*
14.
TYPE OF REPORTING PERSON
 
PN
*
Real Estate Strategies L.P. beneficially owns 1,241,818 shares of Common Stock, consisting of (i) 1,092,513 shares of Common Stock, (ii) 32,305 shares of Common Stock issuable upon conversion of a promissory note and (iii) 117,000 shares of Common Stock which would be received upon the conversion of the 161,986 shares of Series E Stock, which is convertible at the option of the holder. The percentage of class shown represents the percentage based on 12,015,686 shares of Common Stock outstanding as of November 15, 2020.


CUSIP No. 20676Y403
 
 
Page 16 of 29
1.     
NAME OF REPORTING PERSON
 
Real Estate Investment Group VII L.P.
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)  ☒        (b)  ☐
 
3.
SEC USE ONLY
 
4.
SOURCE OF FUNDS
 
AF
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Bermuda
NUMBER OF SHARES
BENEFICIALLY  
OWNED BY
EACH REPORTING
PERSON WITH
 
7.
SOLE VOTING POWER
 
0
8.
SHARED VOTING POWER
 
2,497,272*
9.
SOLE DISPOSITIVE POWER
 
0
10.
SHARED DISPOSITIVE POWER
 
2,497,272*
11.    
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
2,497,272*
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
20.3%*
14.
TYPE OF REPORTING PERSON
 
PN
*
Real Estate Investment Group VII L.P. beneficially owns 2,497,272 shares of Common Stock, consisting of (i) 2,197,023 shares of Common Stock, (ii) 64,964 shares of Common Stock issuable upon conversion of a promissory note held for its benefit and (iii) 235,285 shares of Common Stock which would be received upon the conversion of the 325,752 shares of Series E Stock, which is convertible at the option of the holder. The percentage of class shown represents the percentage based on 12,015,686 shares of Common Stock outstanding as of November 15, 2020.


CUSIP No. 20676Y403
 
Page 17 of 29
Explanatory Note
This Amendment is being filed to report voting agreements with respect to securities of Condor Hospitality Trust, Inc., a Maryland corporation (“Condor”), beneficially owned by certain of the Reporting Persons.  The voting agreements are not purchases or sales of securities of Condor and have no effect on the overall number of securities of Condor beneficially owned in the aggregate by the Reporting Persons.
Item 1. Security and Issuer
This Amendment No. 9 amends and supplements the statement on Schedule 13D (the “Statement”) originally filed with the Securities and Exchange Commission on February 13, 2012, and as amended on February 17, 2012, and as amended on June 18, 2014 and as amended on March 23, 2016, and as amended on January 27, 2017, and as amended on February 28, 2017, and as amended on April 7, 2017, and as amended on July 3, 2018, and as amended on July 26, 2019, jointly by Mr. Eduardo S. Elsztain (“Elsztain”), Consultores Assets Management S.A. (“CAM”), Consultores Venture Capital Uruguay S.A. (“CVC Uruguay”), Agroinvestment S.A. (“Agroinvestment”), Consultores Venture Capital Ltd. (“CVC Cayman”), IFIS Limited (“IFIS”), Inversiones Financieras del Sur S.A. (“IFISA”), Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria (“Cresud”), Helmir S.A. (Helmir), IRSA Inversiones y Representaciones Sociedad Anónima (“IRSA”), Tyrus S.A. (“Tyrus”), Jiwin S.A. (“Jiwin”), Efanur SA (“Efanur”) and Real Estate Strategies L.P. (“RES” and together with Elsztain, CAM, CVC Uruguay, Agroinvestment, CVC Cayman, IFIS, IFISA, Cresud, IRSA, Tyrus, Jiwin, EMP, Efanur and Real Estate Investment Group VII, L.P. (“REIG VII”), which is joining as a reporting person on this Statement, the “Reporting Persons”) relating to the common stock, par value $0.01 per share (the “Common Stock”) of Condor Hospitality Trust, Inc., a Maryland corporation (“Condor”) beneficially owned by the Reporting Persons. Unless otherwise indicated, each capitalized term used but not defined herein shall have the meaning assigned to such term in the Statement. From and after the date hereof, all references in the Statement to the Statement or terms of similar import shall be deemed to refer to the Statement as amended and supplemented hereby. Information regarding the ownership of Common Stock set forth herein is as of the close of business on November 18, 2020. The address of the principal executive offices of Condor is 1800 W. Pasewalk Avenue, Suite 120, Norfolk, Nebraska 68701.
Item 2. Identity and Background
Item 2 is amended to add the following:
(d) None of the Reporting Persons nor, to their knowledge, any person named in Schedule A hereto, has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) within the last five years.
(e) During the last five years, none of the Reporting Persons nor, to their knowledge, any person named in Schedule A hereto, has been a party to any civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which any such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation of such laws.
Item 4. Purpose of the Transaction
Item 4 of the Schedule 13D is hereby amended and supplemented to include the following:
IRSA Convertible Promissory Note and Voting Agreement
On November 18, 2020, the Issuer entered into Convertible Promissory Note and Loan Agreement with Efanur providing for the loan by Efanur to the Issuer the aggregate principal amount of $2,779,557 (the “Note”). The Note matures upon the earliest to occur of (a) the closing of a Rights Offering (as defined below) or a Non-Rights Offering Conversion (as defined below) in an amount equal to the outstanding principal balance of the Note, (b) the acceleration of the Note on or after the occurrence of an Event of Default (as defined in the Note) and (c) January 2, 2023.


CUSIP No. 20676Y403
 
 
Page 18 of 29
Pursuant to the Note, subject to receipt of Shareholder Approval or a Board Decision (each term as defined in the Note), Efanur may elect to convert the principal due under the Note into Common Stock of the Issuer in connection with any future rights offering commenced by the Issuer for up to 4,000,000 shares of Common Stock at a price of $2.50 per share (a “Rights Offering”).  Further, if any amounts remain unpaid on the Note after May 31, 2021 (or, if earlier, the termination, rescission or rejection of the Rights Offering), subject to receipt of Shareholder Approval or a Board Decision, Efanur may elect to convert the principal due under the Note into 1,111,823 shares of Common Stock at a price of $2.50 per share (a “Non-Rights Offering Conversion”).
In connection with the entry into of the Note, on November 18, 2020, the Issuer entered into a voting agreement (the “Voting Agreement”) with RES, REIG VII and Efanur. Pursuant to the Voting Agreement, each of RES, REIG VII and Efanur committed to vote their voting securities in the Issuer at a special meeting of shareholders to approve the issuance of the common stock, and any change of control that could result from the issuance of the common stock, in a Rights Offering or a Non-Rights Offering Conversion.
The foregoing descriptions of the Note and the Voting Agreement do not purport to be complete and are qualified in its entirety by reference to the full text of the Note and the Voting Agreement, copies of which are attached hereto as Exhibit 99.4 and 99.5, respectively, and are incorporated herein by reference.
StepStone Convertible Promissory Note and Voting Agreement
On November 18, 2020 the Issuer also entered into a separate (a) Convertible Promissory and Loan Agreement (the “StepStone Note”) in favor of SREP III Flight-Investco 2, L.P., an affiliate of StepStone Group Real Estate, L.P., for $7,220,443, pursuant to which, subject to satisfaction of certain conditions, SREP III Flight-Investco 2, L.P. may elect to convert the principal due under the StepStone Note into 2,888,178 shares of Common Stock at a price of $2.50 per share and (b) Voting Agreement (the “StepStone Voting Agreement”) with the SREP III Flight –Investco, L.P., SREP III Flight – Investco 2, L.P., StepStone REP III (GP), LLC and StepStone Group Real Estate, LP (collectively, the “StepStone Shareholders”) pursuant to which each of the StepStone Shareholders committed to vote their voting securities in the Issuer at a special meeting of shareholders to approve the issuance of the common stock, and any change of control that could result from the issuance of the common stock, in a Rights Offering or a Non-Rights Offering Conversion.
The StepStone Note and StepStone Voting Agreement were filed as Exhibits 10.4 and 10.6, respectively, to Issuer’s Current Report on Form 8-K filed with the SEC on November 19, 2020. None of the Reporting Persons is party to the StepStone Note nor the StepStone Voting Agreement and such documents are not incorporated by reference herein.
Item 5. Interests in Securities of the Issuer
Item 5 is hereby amended and restated in its entirety as follows:

The information contained in rows 7, 8, 9, 10, 11, 12 and 13 on each of the cover pages of this Amendment No. 9 is incorporated by reference in its entirety into this Item 5.

The Reporting Persons beneficially own, in the aggregate, 3,787,166 shares of Common Stock consisting of (i) 3,337,612 shares of Common Stock, (ii) 97,269 shares of Common Stock issuable on conversion of a convertible promissory note in $1,011,599 principal amount, at a conversion price of $10.40 per share of Common Stock and (iii) 352,285 shares of Common Stock which would be received upon the conversion of 487,738 shares of Series E Stock beneficially owned by the Reporting Persons which are convertible by the holders.

(i)
Elsztain is the Chairman of the Board of Directors of IFISA, Cresud, CAM, CVC Uruguay, Agroinvestment, IRSA, Efanur, Jiwin and Tyrus, except for RES and REIG VII, a company in which Jiwin (a company wholly owned by IRSA) is the General Partner;
 


CUSIP No. 20676Y403
 
Page 19 of 29

(ii)
As of the date of this report, Elsztain holds (through companies controlled by him and proxies) a majority of the voting power in IFIS Ltd. Elsztain also owns 100% of Agroinvestment and 85% of CAM which owns 100% of CVC Uruguay, which in turn owns 0.0002% of Cresud’s shares, 1.03% of IRSA shares and 100% of CVC Cayman. None of these companies directly own Common Stock. As of that same date, Elsztain directly owns the equivalent of 490,452 common shares of the outstanding equity capital of Cresud, representing approximately 0.10% of Cresud’s issued and outstanding common shares;
 
(iii)
CVC Cayman serves as the Investment Manager of IFIS;
 
(iv)
IFIS is the direct owner of 100% of the common shares of IFISA;
 
(v)
IFISA directly owns the equivalent of 73,897,991 common shares of Cresud representing approximately 14.73% of Cresud’s issued and outstanding common shares; in addition, FISA keeps the voting power over 1.49% of Cresud shares until February 18, 2021 or until the shares are sold to a third party, Agroinvestment directly owns the equivalent of 103,087,210 common shares of Cresud representing approximately 20.55% of Cresud’s issued and outstanding common shares. Neither IFISA nor Agroinvestment directly own Common Stock;
 
(vi)
Cresud directly and indirectly owns 62.06% of IRSA’s common shares. Cresud does not directly own Common Stock;
 
(vii)
IRSA owns 100% of Tyrus’ and Efanur’s capital stock. IRSA does not directly own Common Stock;
 
(viii)
Tyrus owns 100% of the capital stock of Jiwin. Tyrus does not directly own Common Stock;
 
(ix)
Jiwin serves as general Partner of REIG VII; Jiwin does not directly own Common Stock;
 
(x)
EMP serves as general Partner of RES; EMP does not directly own Common Stock;

(xi)
Efanur is the sole limited partner of REIG VII. Efanur owns directly 48,076 shares of Common Stock;
 
(xii)
RES owns directly 1,092,513 Shares of Common Stock of Condor. RES owns directly 161,986 shares of Series E Stock, which is convertible into 117,000 shares of Common Stock. 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

(xiii)
REIG VII owns directly 2,197,023 Shares of Common Stock of Condor. REIG VII owns directly 325,752 shares of Series E Stock which is convertible into 235,285 shares of Common Stock. 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.
   
Given the foregoing, as of November 18, 2020, the Reporting Persons may be deemed to be currently the beneficial owners of 3,787,166 shares of Common Stock, representing approximately 30.4% of the voting stock of Condor.
(b)
  
Item 5(a) is incorporated herein by reference.
     
(d)-(e)
  
Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
Item 6 is amended to add the following:
Reference is made to the Note and the Voting Agreement defined and described in Item 4.


CUSIP No. 20676Y403
 
 
Page 20 of 29
Copies of the Note and the Voting Agreement are filed as Exhibit 99.4 and Exhibit 99.5 hereto. The descriptions of the Note and the Voting Agreement included in this Schedule 13D/A are qualified in its entirety by reference to the filed exhibits.

Item 7. Materials to be filed as Exhibits

Exhibit 99.4 Convertible Promissory Note and Loan Agreement, dated as of November 18, 2020, among the Issuer and Enafur.
Exhibit 99.5 Voting Agreement, dated as of November 18, 2020, among the Issuer and RES, REIG VII and Efanur.



CUSIP No. 20676Y403
 
 
Page 21 of 29
Schedule A
Eduardo S. Elsztain
Bolívar 108, 1st floor
(1066) Buenos Aires
Republic of Argentina
Citizen of Argentina
Directors of IFIS Limited
 
             
1.
  
Eduardo S. Elsztain
Director
Washington Mall West, 7 Reid Street,
Hamilton HM 11,
Bermuda.
Citizen of Argentina
 
3.
  
Mariana Renata Carmona de Elsztain
Director
Washington Mall West, 7 Reid Street,
Hamilton HM 11,
Bermuda.
Citizen of Argentina
       
2.
  
Saul Zang
Director
Washington Mall West, 7 Reid Street,
Hamilton HM 11,
Bermuda.
Citizen of Argentina
 
4.
  
Alejandro Gustavo Elsztain
Director
Washington Mall West, 7 Reid Street,
Hamilton HM 11,
Bermuda.
Citizen of Argentina
Directors of Consultores Venture Capital Uruguay S.A.
 
             
1.
  
Eduardo S. Elsztain (Chairman)
Director
Ruta 8K 17.500 Edificio@3 Local 003,
CP 91609 Montevideo
Republic of Uruguay
Citizen of Argentina
 
3.
  
Olga Stirling
Director
Ruta 8K 17.500 Edificio@3 Local 003,
CP 91609 Montevideo
Citizen of Uruguay
       
2.
  
Eduardo Simon Bartfeld
Director
Ruta 8K 17.500 Edificio@3 Local 003,
CP 91609 Montevideo
Citizen of Uruguay
 
4.
  
Saul Zang
Director
Ruta 8K 17.500 Edificio@3 Local 003,
CP 91609 Montevideo
Citizen of Argentina



CUSIP No. 20676Y403
 
 
Page 22 of 29
Directors of Consultores Assets Management S.A.
 
             
1.
  
Eduardo S. Elsztain (Chairman)
Director
Bolívar 108, 1st floor
(1066) Buenos Aires
Republic of Argentina
Citizen of Argentina
 
3.
  
Mariana Renata Carmona de Elsztain
Director
Bolívar 108, 1st floor
(1066) Buenos Aires
Republic of Argentina
Citizen of Argentina
       
2.
  
Saul Zang
Director
Bolívar 108, 1st floor
(1066) Buenos Aires
Republic of Argentina
Citizen of Argentina
 
4.
  
Gerardo Tyszberowicz
Alternate Director
Bolívar 108, 1st floor
(1066) Buenos Aires
Republic of Argentina
Citizen of Argentina
 
Directors of Consultores Venture Capital Limited
 
             
1.
 
Eduardo S. Elsztain (Chairman)
Director
89 Nexus Way, 2nd floor
Camana Bay, P.O. Box 31106, SMB
Grand Cayman, KY1-1205, Cayman Islands
Citizen of Argentina
 
2.
  
Saul Zang
Director
89 Nexus Way, 2nd floor
Camana Bay, P.O. Box 31106, SMB
Grand Cayman, KY1-1205, Cayman Islands
Citizen of Argentina
Directors of Inversiones Financieras del Sur S.A.
 
             
1.
  
Eduardo S. Elsztain
Chairman of the Board
Zabala 1422, 2nd floor
(11500) Montevideo
Republic of Uruguay
Citizen of Argentina
 
3.
  
Eduardo Simon Bartfeld
Director
Zabala 1422, 2nd floor
(11500) Montevideo
Citizen of Uruguay
       
2.
  
Saúl Zang
Director
Zabala 1422, 2nd floor
(11500) Montevideo
Citizen of Argentina
 
4.
  
Olga Stirling
Director
Zabala 1422, 2nd floor
(11500) Montevideo
Citizen of Uruguay



CUSIP No. 20676Y403
 
 
Page 23 of 29
Directors of Agroinvestment S.A.
 
             
1.
  
Eduardo S. Elsztain
Chairman of the Board
Colonia 810, Of. 803
(11000) Montevideo
Republic of Uruguay
Citizen of Argentina
 
3.
  
Eduardo Simon Bartfeld
Director
Colonia 810, Of. 803
(11000) Montevideo
Citizen of Uruguay
       
2.
  
Mariana Renata Carmona de Elsztain
Director
Colonia 810, Of. 803
(11000) Montevideo
Republic of Uruguay
Citizen of Argentina
 
 
  
 

Directors and Executive Officers of
Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria
Directors
 
               
1.
  
Eduardo Sergio Elsztain
Director
Moreno 877, 23rd floor
(C1091AAQ) Buenos Aires
Republic of Argentina
Citizen of Argentina
 
9.
  
Daniel E. Melicovsky
Director
Moreno 877, 23rd floor
(C1091AAQ) Buenos Aires
Republic of Argentina
Citizen of Argentina
 
         
2.
  
Saúl Zang
Director
Moreno 877, 23rd floor
(C1091AAQ) Buenos Aires
Republic of Argentina
Citizen of Argentina
 
10.
  
Alejandro Casaretto
Director
Moreno 877, 23rd Floor
(C1091AAQ) Buenos Aires
Republic of Argentina
Citizen of Argentina
 
         
3.
  
Alejandro Gustavo Elsztain
Director
Moreno 877, 23rd floor
(C1091AAQ) Buenos Aires
Republic of Argentina
Citizen of Argentina
 
11.
  
Salvador Darío Bergel
Alternate Director
Moreno 877, 23rd floor
(C1091AAQ) Buenos Aires
Republic of Argentina
Citizen of Argentina
 
         
4.
  
Gabriel Adolfo Reznik
Director
Moreno 877, 23rd floor
(C1091AAQ) Buenos Aires
Republic of Argentina
Citizen of Argentina
 12.

  
Gastón Armando Lernoud
Alternate Director
Moreno 877, 23rd floor
(C1091AAQ) Buenos Aires
Republic of Argentina
Citizen of Argentina
 





CUSIP No. 20676Y403
 
Page 24 of 29

       
5.
  
Jorge Oscar Fernández
Director
Moreno 877, 23rd floor
(C1091AAQ) Buenos Aires
Republic of Argentina
Citizen of Argentina
 
13.
  
Enrique Antonini
Alternate Director
Moreno 877, 23rd floor
(C1091AAQ) Buenos Aires
Republic of Argentina
Citizen of Argentina
       
6.
  
Fernando Adrián Elsztain
Director
Moreno 877, 23rd floor
(C1091AAQ) Buenos Aires
Republic of Argentina
Citizen of Argentina
 
14.
  
Eduardo Kalpakian
Alternate Director
Moreno 877, 23rd floor
(C1091AAQ) Buenos Aires
Republic of Argentina
Citizen of Argentina
       
7.
  
Pedro Damaso Labaqui Palácio
Director
Moreno 877, 23rd floor
(C1091AAQ) Buenos Aires
Republic of Argentina
Citizen of Argentina
 
 
  
 

 
Senior Management
 
             
1.
  
Alejandro Gustavo Elsztain
Chief Executive Officer
Moreno 877, 23rd floor
(C1091AAQ) Buenos Aires
Republic of Argentina
Citizen of Argentina
 
3.
  
Carlos Blousson
General Manager for Argentina & Bolivia Operations
Moreno 877, 23rd floor
(C1091AAQ) Buenos Aires
Republic of Argentina
Citizen of Argentina
       
2.
  
Matías Iván Gaivironsky
Chief Financial Officer
Moreno 877, 23rd floor
(C1091AAQ) Buenos Aires
Republic of Argentina
Citizen of Argentina
 
 
  
 



 


CUSIP No. 20676Y403
 
 
Page 25 of 29

Directors and Executive Officers of
IRSA Inversiones y Representaciones Sociedad Anónima
Directors
 
             
1.
  
Eduardo Sergio Elsztain
Director
Bolívar 108, 1 floor
(C1066AAD) Buenos Aires
Republic of Argentina
Citizen of Argentina
 
11.
  
Mauricio Wior
Director
Bolívar 108, 1 floor
(C1066AAD) Buenos Aires
Republic of Argentina
Citizen of Argentina
       
2.
  
Saul Zang
Director
Bolívar 108, 1 floor
(C1066AAD) Buenos Aires
Republic of Argentina
Citizen of Argentina
 
12.
  
Mario Blejer
Director
Bolívar 108, 1 floor
(C1066AAD) Buenos Aires
Republic of Argentina
Citizen of Argentina
       
3.
  
Alejandro Gustavo Elsztain
Director
Bolívar 108, 1 floor
(C1066AAD) Buenos Aires
Republic of Argentina
Citizen of Argentina
 
13.
  
Ricardo Liberman
Director
Bolívar 108, 1 floor
(C1066AAD) Buenos Aires
Republic of Argentina
Citizen of Argentina
       
4.
  
Fernando Adrián Elsztain
Director
Bolívar 108, 1 floor
(C1066AAD) Buenos Aires
Republic of Argentina
Citizen of Argentina
 
14.
  
Gabriel A. Reznik
Director
Bolívar 108, 1 floor
(C1066AAD) Buenos Aires
Republic of Argentina
Citizen of Argentina
       
5.
  
Carlos Ricardo Estevez
Director
Bolívar 108, 1 floor
(C1066AAD) Buenos Aires
Republic of Argentina
Citizen of Argentina
 
15.
  
Salvador D. Bergel
Alternate Director
Bolívar 108, 1 floor
(C1066AAD) Buenos Aires
Republic of Argentina
Citizen of Argentina
       
6.
  
Cedric D. Bridger
Director
Bolívar 108, 1 floor
(C1066AAD) Buenos Aires
Republic of Argentina
Citizen of Argentina
 
16.
  
Enrique Antonini
Alternate Director
Bolívar 108, 1 floor
(C1066AAD) Buenos Aires
Republic of Argentina
Citizen of Argentina


CUSIP No. 20676Y403
 
 
Page 26 of 29

       
7.
  
Daniel R. Elsztain
Director
Bolívar 108, 1 floor
(C1066AAD) Buenos Aires
Republic of Argentina
Citizen of Argentina
 
 
  
 
     
8.
  
Marcos Moisés Fishman
Director
Bolívar 108, 1 floor
(C1066AAD) Buenos Aires
Republic of Argentina
Citizen of Argentina
   
9.
  
Fernando Rubín
Director
Bolívar 108, 1 floor
(C1066AAD) Buenos Aires
Republic of Argentina
Citizen of Argentina
   
10.
  
Gary S. Gladstein
Director
Bolívar 108, 1 floor
(C1066AAD) Buenos Aires
Republic of Argentina
Citizen of USA
Senior Management
 
             
1.
  
Eduardo Sergio Elsztain
Chief Executive Officer
Moreno 877, 23rd floor
(C1091AAQ) Buenos Aires
Republic of Argentina
Citizen of Argentina
 
3.
  
Daniel R. Elsztain
Chief Operating Officer
Moreno 877, 23rd floor
(C1091AAQ) Buenos Aires
Republic of Argentina
Citizen of Argentina
       
2.
  
Matías Iván Gaivironsky
Chief Financial Officer
Moreno 877, 23rd floor
(C1091AAQ) Buenos Aires
Republic of Argentina
Citizen of Argentina
 
 
  
 



CUSIP No. 20676Y403
 
 
Page 27 of 29
Tyrus S.A.
             
1.
  
Eduardo S. Elsztain
Chairman of the Board
Colonia 810, Of. 403
(11000) Montevideo
Republic of Uruguay
Citizen of Argentina
 
3.
  
Alejandro Gustavo Elsztain
Director
Colonia 810, Of. 403
(11000) Montevideo
Citizen of Uruguay
       
2.
  
Saúl Zang
Director
Colonia 810, Of. 403
(11000) Montevideo
Republic of Uruguay
Citizen of Argentina
 
4.
  
Olga Stirling
Director
Colonia 810, Of. 403
(11000) Montevideo
Citizen of Uraguay
Jiwin S.A.
 
             
1.
  
Eduardo S. Elsztain
Chairman of the Board
Colonia 810, Of. 403
(11000) Montevideo
Republic of Uruguay
Citizen of Argentina
 
3.
  
Alejandro Gustavo Elsztain
Director
Colonia 810, Of. 403
(11000) Montevideo
Citizen of Uruguay
       
2.
  
Saúl Zang
Director
Colonia 810, Of. 403
(11000) Montevideo
Republic of Uruguay
Citizen of Argentina
 
4.
  
Olga Stirling
Director
Colonia 810, Of. 403
(11000) Montevideo
Citizen of Uraguay
Efanur S.A.
 
             
1.
  
Eduardo S. Elsztain
Chairman of the Board
Colonia 810, Of. 403
(11000) Montevideo
Republic of Uruguay
Citizen of Argentina
 
3.
  
Alejandro Gustavo Elsztain
Director
Colonia 810, Of. 403
(11000) Montevideo
Citizen of Uruguay
       
2.
  
Saúl Zang
Director
Colonia 810, Of. 403
(11000) Montevideo
Republic of Uruguay
Citizen of Argentina
 
4.
  
Olga Stirling
Director
Colonia 810, Of. 403
(11000) Montevideo
Citizen of Uraguay


CUSIP No. 20676Y403
 
 
Page 28 of 29
Directors of Helmir S.A.

             
1.
  
Eduardo S. Elsztain (Chairman)
Director
Zabala 1422
Montevideo
Republic of Uruguay
Citizen of Argentina
 
3.
  
Olga Stirling
Director
Zabala 1422
Montevideo
Republic of Uruguay
Citizen of Uruguay
       
2.
  
Alejandro Gustavo Elsztain
Second Vice Chairman
Zabala 1422
Montevideo
Republic of Uruguay
Citizen of Uruguay
 
4.
  
Saul Zang
Vice Chairman
Zabala 1422
Montevideo
Republic of Uruguay
Citizen of Argentina

Directors of Elsztain Managing partners Ltd.

             
1.
  
Eduardo S. Elsztain
President
Wickhams Cay, P.O. Box 662 Road Town
Tortola
British Virgin Islands
Citizen of Argentina
 
2.
  
Saul Zang
Sole Director
Wickhams Cay, P.O. Box 662 Road Town
Tortola
British Virgin Islands
Citizen of Argentina





CUSIP No. 20676Y403
 
Page 29 of 29
SIGNATURE
After reasonable inquiry and to the best of his knowledge and belief, the undersigned certifies that the information set forth in this Statement on Schedule 13D is true, complete and correct.
DATED: December 9, 2020
                 
Eduardo S. Elsztain
 
 
 
Consultores Assets Management S.A.
By:
 
 /s/ Eduardo S. Elsztain
 
 
 
By:
 
 /s/ Eduardo S. Elsztain
Name:
 
Eduardo S. Elsztain
 
 
 
Name:
 
Eduardo S. Elsztain
 
 
 
 
 
 
Title:
 
Chairman of the Board
     
IFIS Limited
 
 
 
Consultores Venture Capital Limited
By:
 
 /s/ Eduardo S. Elsztain
 
 
 
By:
 
 /s/ Eduardo S. Elsztain
Name:
 
Eduardo S. Elsztain
 
 
 
Name:
 
Eduardo S. Elsztain
Title:
 
Director of the Board
 
 
 
Title:
 
Director of the Board
     
Inversiones Financieras del Sur S.A.
 
 
 
Cresud Sociedad Anónima Comercial,
Inmobiliaria, Financiera y Agropecuaria
By:
 
 /s/ Eduardo S. Elsztain
 
 
 
By:
 
 /s/ Eduardo S. Elsztain
Name:
 
Eduardo S. Elsztain
 
 
 
Name:
 
Eduardo S. Elsztain
Title:
 
Chairman of the Board
 
 
 
Title:
 
Chairman of the Board
     
Consultores Venture Capital Uruguay
 
 
 
Efanur S.A.
By:
 
 /s/ Eduardo S. Elsztain
 
 
 
By:
 
 /s/ Eduardo S. Elsztain
Name:
 
Eduardo S. Elsztain
 
 
 
Name:
 
Eduardo S. Elsztain
Title:
 
Chairman of the Board
 
 
 
Title:
 
Chairman of the Board
     
Tyrus S.A.
 
 
 
Agroinvestment S.A.
By:
 
 /s/ Eduardo S. Elsztain
 
 
 
By:
 
 /s/ Eduardo S. Elsztain
Name:
 
Eduardo S. Elsztain
 
 
 
Name:
 
Eduardo S. Elsztain
Title:
 
Chairman of the Board
 
 
 
Title:
 
Chairman of the Board

Real Estate Strategies L.P.
 
 
 
Jiwin S.A.
By:
 
Jiwin S.A., its general partner
 
 
 
By:
Name:
Title:
 
 /s/ Eduardo S. Elsztain
 
By:
 
 /s/ Eduardo S. Elsztain
 
 
 
 
Eduardo S. Elsztain
Chairman of the Board
Name:
 
Eduardo S. Elsztain
 
 
 
 
 
 
Title:
 
Chairman of the Board
 
 
 
 
 
 
       
Irsa Inversiones y Representaciones Sociedad Anonima
 
 
 
Real Estate Investment Group VII, L.P.
By:    Jiwin S.A., its general partner
By:
 
 /s/ Eduardo S. Elsztain
 
 
 
 
By:
 
 /s/ Eduardo S. Elsztain
Name:
Title:
 
Eduardo S. Elsztain
Chairman of the Board
 
 
 
Name:
Title:
 
Eduardo S. Elsztain
Chairman of the Board
                 
Helmir S.A.
     
Elsztain Managing Partners Ltd
By:
   /s/ Eduardo S. Elsztain      
By:
   /s/ Eduardo S. Elsztain
Name:
 
Eduardo S. Elsztain
     
Name:
 
Eduardo S. Elsztain
Title:
 
Director
     
Title:
 
President