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
Alexandria Real Estate Equities Inc COMMON STOCK 015271109 1,730 18,700 SH SOLE 0 0 0 18,700
American Homes 4 Rent COMMON STOCK 02665T306 1,701 45,000 SH SOLE 0 0 0 45,000
Americold Realty Trust Inc COMMON STOCK 03064D108 773 36,000 SH SOLE 0 0 0 36,000
Apple Hospitality REIT Inc COMMON STOCK 03784Y200 646 50,000 SH SOLE 0 0 0 50,000
AvalonBay Communities Inc COMMON STOCK 053484101 4,318 20,120 SH SOLE 0 0 0 20,120
Boston Properties Inc COMMON STOCK 101121101 787 11,717 SH SOLE 0 0 0 11,717
Brandywine Realty Trust COMMON STOCK 105368203 586 131,400 SH SOLE 0 0 0 131,400
Brixmor Property Group Inc COMMON STOCK 11120U105 2,390 90,000 SH SOLE 0 0 0 90,000
Broadstone Net Lease Inc COMMON STOCK 11135E203 1,874 110,000 SH SOLE 0 0 0 110,000
Camden Property Trust COMMON STOCK 133131102 1,931 15,786 SH SOLE 0 0 0 15,786
CareTrust REIT Inc COMMON STOCK 14174T107 1,258 44,000 SH SOLE 0 0 0 44,000
Centerspace COMMON STOCK 15202L107 828 12,780 SH SOLE 0 0 0 12,780
Chatham Lodging Trust COMMON STOCK 16208T102 257 36,000 SH SOLE 0 0 0 36,000
Cousins Properties Inc COMMON STOCK 222795502 1,061 35,977 SH SOLE 0 0 0 35,977
CubeSmart COMMON STOCK 229663109 2,084 48,800 SH SOLE 0 0 0 48,800
Digital Realty Trust Inc COMMON STOCK 253868103 6,293 43,919 SH SOLE 0 0 0 43,919
DigitalBridge Group Inc COMMON STOCK 25401T603 126 14,233 SH SOLE 0 0 0 14,233
EPR Properties COMMON STOCK 26884U109 1,629 30,962 SH SOLE 0 0 0 30,962
Equinix Inc COMMON STOCK 29444U700 8,328 10,214 SH SOLE 0 0 0 10,214
Equity Residential COMMON STOCK 29476L107 3,547 49,556 SH SOLE 0 0 0 49,556
Essential Properties Realty Trust Inc COMMON STOCK 29670E107 1,975 60,500 SH SOLE 0 0 0 60,500
Essex Property Trust Inc COMMON STOCK 297178105 2,972 9,695 SH SOLE 0 0 0 9,695
Extra Space Storage Inc COMMON STOCK 30225T102 2,501 16,840 SH SOLE 0 0 0 16,840
Four Corners Property Trust Inc COMMON STOCK 35086T109 718 25,000 SH SOLE 0 0 0 25,000
Gaming and Leisure Properties Inc COMMON STOCK 36467J108 2,045 40,172 SH SOLE 0 0 0 40,172
Getty Realty Corp COMMON STOCK 374297109 1,341 43,000 SH SOLE 0 0 0 43,000
Global Medical REIT Inc COMMON STOCK 37954A204 1,085 124,000 SH SOLE 0 0 0 124,000
Global Net Lease Inc COMMON STOCK 379378201 249 30,976 SH SOLE 0 0 0 30,976
Healthcare Realty Trust Inc COMMON STOCK 42226K105 2,294 135,719 SH SOLE 0 0 0 135,719
Healthpeak Properties Inc COMMON STOCK 42250P103 4,155 205,473 SH SOLE 0 0 0 205,473
Highwoods Properties Inc COMMON STOCK 431284108 587 19,802 SH SOLE 0 0 0 19,802
Host Hotels and Resorts Inc COMMON STOCK 44107P104 1,378 96,998 SH SOLE 0 0 0 96,998
Hudson Pacific Properties Inc COMMON STOCK 444097109 249 84,500 SH SOLE 0 0 0 84,500
Independence Realty Trust Inc COMMON STOCK 45378A106 945 44,500 SH SOLE 0 0 0 44,500
Innovative Industrial Properties Inc COMMON STOCK 45781V101 454 8,400 SH SOLE 0 0 0 8,400
Invitation Homes Inc COMMON STOCK 46187W107 2,757 79,110 SH SOLE 0 0 0 79,110
Iron Mountain Inc COMMON STOCK 46284V101 3,313 38,500 SH SOLE 0 0 0 38,500
Kilroy Realty Corp COMMON STOCK 49427F108 295 9,000 SH SOLE 0 0 0 9,000
Kimco Realty Corp COMMON STOCK 49446R109 653 30,731 SH SOLE 0 0 0 30,731
Kite Realty Group Trust COMMON STOCK 49803T300 1,420 63,500 SH SOLE 0 0 0 63,500
LXP Industrial Trust COMMON STOCK 529043101 1,315 152,000 SH SOLE 0 0 0 152,000
Lamar Advertising Co COMMON STOCK 512816109 1,650 14,500 SH SOLE 0 0 0 14,500
Macerich Co/The COMMON STOCK 554382101 321 18,720 SH SOLE 0 0 0 18,720
Medical Properties Trust Inc COMMON STOCK 58463J304 1,309 217,000 SH SOLE 0 0 0 217,000
Mid-America Apartment Communities Inc COMMON STOCK 59522J103 2,688 16,040 SH SOLE 0 0 0 16,040
National Health Investors Inc COMMON STOCK 63633D104 517 7,000 SH SOLE 0 0 0 7,000
National Retail Properties Inc COMMON STOCK 637417106 1,842 43,200 SH SOLE 0 0 0 43,200
National Storage Affiliates Trust COMMON STOCK 637870106 209 5,300 SH SOLE 0 0 0 5,300
Omega Healthcare Investors Inc COMMON STOCK 681936100 2,361 62,000 SH SOLE 0 0 0 62,000
Outfront Media Inc COMMON STOCK 69007J304 381 23,617 SH SOLE 0 0 0 23,617
Park Hotels and Resorts Inc COMMON STOCK 700517105 556 52,038 SH SOLE 0 0 0 52,038
Pebblebrook Hotel Trust COMMON STOCK 70509V100 90 8,911 SH SOLE 0 0 0 8,911
Plymouth Industrial REIT Inc COMMON STOCK 729640102 1,255 77,000 SH SOLE 0 0 0 77,000
Power REIT COMMON STOCK 73933H101 88 78,526 SH SOLE 0 0 0 78,526
Prologis Inc COMMON STOCK 74340W103 13,119 117,353 SH SOLE 0 0 0 117,353
Public Storage COMMON STOCK 74460D109 6,162 20,589 SH SOLE 0 0 0 20,589
RLJ Lodging Trust COMMON STOCK 74965L101 546 69,200 SH SOLE 0 0 0 69,200
Realty Income Corp COMMON STOCK 756109104 7,650 131,870 SH SOLE 0 0 0 131,870
SITE Centers Corp COMMON STOCK 82981J851 96 7,500 SH SOLE 0 0 0 7,500
STAG Industrial Inc COMMON STOCK 85254J102 1,946 53,880 SH SOLE 0 0 0 53,880
Sabra Health Care REIT Inc COMMON STOCK 78573L106 1,934 110,730 SH SOLE 0 0 0 110,730
Simon Property Group Inc COMMON STOCK 828806109 6,561 39,508 SH SOLE 0 0 0 39,508
Summit Hotel Properties Inc COMMON STOCK 866082100 373 69,000 SH SOLE 0 0 0 69,000
TANGER INC COMMON STOCK 875465106 372 11,000 SH SOLE 0 0 0 11,000
UDR Inc COMMON STOCK 902653104 1,947 43,105 SH SOLE 0 0 0 43,105
UMH Properties Inc COMMON STOCK 903002103 821 43,900 SH SOLE 0 0 0 43,900
VICI Properties Inc COMMON STOCK 925652109 5,611 172,000 SH SOLE 0 0 0 172,000
Ventas Inc COMMON STOCK 92276F100 4,241 61,679 SH SOLE 0 0 0 61,679
Vornado Realty Trust COMMON STOCK 929042109 676 18,265 SH SOLE 0 0 0 18,265
WP Carey Inc COMMON STOCK 92936U109 2,922 46,300 SH SOLE 0 0 0 46,300
Welltower Inc COMMON STOCK 95040Q104 8,082 52,753 SH SOLE 0 0 0 52,753