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

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. Issuer Name and Ticker or Trading Symbol
Wheeler Real Estate Investment Trust, Inc. [WHLRD]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
420 LEXINGTON AVENUE, SUITE 2300
3. Date of Earliest Transaction (Month/Day/Year)
05/05/2020
(Street)

NEW YORK, NY 10170
4. If Amendment, Date Original Filed(Month/Day/Year)
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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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, $0.01 par value 05/05/2020   P   35,885 (1) (3) A $ 1.1264 (4) 0 (1) (3) I (5) See Footnotes (5)
Common Stock, $0.01 par value 05/05/2020   P   681 (2) (3) A $ 1.1264 (4) 0 (2) (3) I (5) See footnote (5)
Common Stock, $0.01 par value 05/06/2020   P   21,892 (1) (3) A $ 0.9954 (6) 0 (1) (3) I (5) See footnote (5)
Common Stock, $0.01 par value 05/06/2020   P   713 (2) (3) A $ 0.9954 (6) 0 (2) (3) I (5) See footnore (5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(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

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    
Steamboat Capital Partners, LLC
420 LEXINGTON AVE
SUITE 2300
NY, NY 10170
    X    
Kiai Parsa
420 LEXINGTON AVENUE
SUITE 2300
NY, NY 10170
    X    
Steamboat Capital Partners II LP
420 LEXINGTON AVENUE
SUITE 2300
NEW YORK, NY 10170
    X    

Signatures

 Parsa Kiai, Managing Member of Steamboat Capital Partners GP LLC   05/07/2020
**Signature of Reporting Person Date

 Parsa Kiai   05/07/2020
**Signature of Reporting Person Date

 Parsa Kiai, Managing Member of Steamboat Capital Partners GP, LLC, general partner of Steamboat Capital Partners Master Fund, LP   05/07/2020
**Signature of Reporting Person Date

 Parsa Kiai, Managing Member of Steamboat Capital Partners GP, LLC, general partner of Steamboat Capital Partners II, LP   05/07/2020
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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) Shares were acquired 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).
(2) Shares were acquired by Steamboat Capital Partners II, LP (II) which owns 9536 shares of Series D and 6702 shares of Series B.
(3) Shares were bought to cover a short position that pre-dated becoming subject to Section 16.
(4) The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $1.11 to $1.15, inclusive. The relevant filers undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
(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.
(6) The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $0.99 to $1.00, inclusive. The relevant filers undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.

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