The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ACADIA RLTY TR COM SH BEN INT 004239109 5,381,250 375,000 SH SOLE 375,000 0 0
APARTMENT INCOME REIT CORP COM 03750L109 3,945,650 115,000 SH SOLE 115,000 0 0
BOSTON PROPERTIES INC COM 101121101 4,223,750 62,500 SH SOLE 62,500 0 0
BRIXMOR PPTY GROUP INC COM 11120U105 13,035,250 575,000 SH SOLE 575,000 0 0
BROADSTONE NET LEASE INC COM 11135E203 4,295,650 265,000 SH SOLE 265,000 0 0
CAMDEN PPTY TR SH BEN INT 133131102 3,356,400 30,000 SH SOLE 30,000 0 0
DIGITAL RLTY TR INC COM 253868103 3,008,100 30,000 SH SOLE 30,000 0 0
DOUGLAS EMMETT INC COM 25960P109 4,468,800 285,000 SH SOLE 285,000 0 0
EMPIRE ST RLTY TR INC CL A 292104106 1,213,200 180,000 SH SOLE 180,000 0 0
ESSENTIAL PPTYS RLTY TR INC COM 29670E107 8,214,500 350,000 SH SOLE 350,000 0 0
ESSEX PPTY TR INC COM 297178105 3,920,520 18,500 SH SOLE 18,500 0 0
GETTY RLTY CORP NEW COM 374297109 1,354,000 40,000 SH SOLE 40,000 0 0
HEALTHCARE RLTY TR CL A COM 42226K105 5,781,000 300,000 SH SOLE 300,000 0 0
HEALTHPEAK PROPERTIES INC COM 42250P103 10,905,450 435,000 SH SOLE 435,000 0 0
HIGHWOODS PPTYS INC COM 431284108 10,772,300 385,000 SH SOLE 385,000 0 0
HOST HOTELS & RESORTS INC COM 44107P104 4,413,750 275,000 SH SOLE 275,000 0 0
INDEPENDENCE RLTY TR INC COM 45378A106 6,491,100 385,000 SH SOLE 385,000 0 0
INDUSTRIAL LOGISTICS PPTYS T COM SHS BEN INT 456237106 408,750 125,000 SH SOLE 125,000 0 0
KILROY RLTY CORP COM 49427F108 3,867,000 100,000 SH SOLE 100,000 0 0
KITE RLTY GROUP TR COM NEW 49803T300 4,631,000 220,000 SH SOLE 220,000 0 0
LIFE STORAGE INC COM 53223X107 5,417,500 55,000 SH SOLE 55,000 0 0
NETSTREIT CORP COM 64119V303 7,973,550 435,000 SH SOLE 435,000 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 838,500 30,000 SH SOLE 30,000 0 0
PROLOGIS INC. COM 74340W103 13,809,425 122,500 SH SOLE 122,500 0 0
PUBLIC STORAGE COM 74460D109 8,685,890 31,000 SH SOLE 31,000 0 0
REGENCY CTRS CORP COM 758849103 2,500,000 40,000 SH SOLE 40,000 0 0
REXFORD INDL RLTY INC COM 76169C100 10,108,400 185,000 SH SOLE 185,000 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 1,840,050 22,500 SH SOLE 22,500 0 0
SIMON PPTY GROUP INC NEW COM 828806109 6,461,400 55,000 SH SOLE 55,000 0 0
SL GREEN RLTY CORP COM 78440X887 1,854,600 55,000 SH SOLE 55,000 0 0
SPIRIT RLTY CAP INC NEW COM NEW 84860W300 7,586,700 190,000 SH SOLE 190,000 0 0
STAG INDL INC COM 85254J102 4,846,500 150,000 SH SOLE 150,000 0 0
SUN CMNTYS INC COM 866674104 7,507,500 52,500 SH SOLE 52,500 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 2,898,000 300,000 SH SOLE 300,000 0 0
VENTAS INC COM 92276F100 4,505,000 100,000 SH SOLE 100,000 0 0
VICI PPTYS INC COM 925652109 2,106,000 65,000 SH SOLE 65,000 0 0
WYNDHAM HOTELS & RESORTS INC COM 98311A105 4,278,600 60,000 SH SOLE 60,000 0 0