FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Steamboat Capital Partners GP, LLC
2. Date of Event Requiring Statement (Month/Day/Year)
04/15/2020
3. Issuer Name and Ticker or Trading Symbol
Wheeler Real Estate Investment Trust, Inc. [WHLRD]
(Last)
(First)
(Middle)
420 LEXINGTON AVENUE, SUITE 2300
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

NEW YORK, NY 10170
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Series D Cumulative Convertible Preferred Stock   (1)   (1) Common Stock, $0.01 par value 754,192 (3) (5) $ 16.96 I See footnote 5 (5)
Series D Cumulative Convertible Preferred Stock   (1)   (1) Common Stock, $0.01 par value 14,056 (4) (5) $ 16.96 I See footnote 5 (5)
Series B Convertible Preferred Stock   (2)   (2) Common Stock, $0.01 par value 238,283 (3) (5) $ 40 I See footnote 5 (5)
Series B Convertible Preferred Stock   (2)   (2) Common Stock, $0.01 par value 4,188 (4) (5) $ 40 I See footnote 5 (5)

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Steamboat Capital Partners GP, LLC
420 LEXINGTON AVENUE
SUITE 2300
NEW YORK, NY 10170
    X    
Kiai Parsa
420 LEXINGTON AVENUE
SUITE 2300
NY, NY 10170
    X    
Steamboat Capital Partners Master Fund, LP
420 LEXINGTON AVENUE
SUITE 2300
NEW YORK, NY 10170
    X    
Steamboat Capital Partners II LP
420 LEXINGTON AVENUE
SUITE 2300
NEW YORK, NY 10170
    X    

Signatures

Steamboat Capital Partners GP, LLC /s/Parsa Kiai, Managing Member 04/27/2020
**Signature of Reporting Person Date

Parsa Kiai 04/27/2020
**Signature of Reporting Person Date

Steamboat Capital Partners Master Fund, LP by Steamboat Capital Partners GP, LLC, its General Partner, by Parsa Kiai, Managing Member 04/27/2020
**Signature of Reporting Person Date

Steamboat Capital Partners II, LP by Steamboat Capital Partners GP, LLC, its General Partner by Parsa Kiai, Managing Member 04/27/2020
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Convertible at any time.
(2) Convertible at any time, but subject to mandatory conversion if the 20-trading day volume-weighted average closing price of the Common Stock $0.01 par value, exceeds $58.
(3) Shares are owned by Steamboat Capital Partners Master Fund, LP (Master) which owns 511,644 shares of Series D Cumulative Convertible Preferred Stock (Series D) and 381,253 shares of Series B Convertible Preferred Stock (Series B).
(4) Shares are owned by Steamboat Capital Partner II, LP (II) which owns 9536 shares of Series D and 6702 shares of Series B.
(5) Steamboat Capital Partners GP, LLC (GP) is general partner of, and receives a performance allocation from, each of Master and II. Parsa Kiai (Kiai) is the Managing Member of GP. Accordingly, GP and Kiai may be deemed to have a pecuniary interest in shares owned by Master and II. GP, Master, Kiai and II are filers of this report, filing jointly but not as a group and each disclaims beneficial ownership of securities reported hereon except to the extent of its pecuniary interest therein. The Common Stock into which the shares are convertible is limited so that no person or group under Sec. 13(d)(3) of the Exchange Act may own more than 9.8% of the Common Stock.

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