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

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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
Agree Realty Corp COM 008492100 1,912,419 26,176 SH SOLE 0 26,176 0 0
CBRE Group Inc CL A 12504L109 3,748,770 26,754 SH SOLE 0 26,754 0 0
Camden Property Trust SH BEN INT 133131102 3,559,877 31,590 SH SOLE 0 31,590 0 0
Digital Realty Trust Inc COM 253868103 4,215,125 24,179 SH SOLE 0 24,179 0 0
Empire State Realty Trust Inc CL A 292104106 4,002,091 494,696 SH SOLE 0 494,696 0 0
Equinix Inc COM 29444U700 2,197,088 2,762 SH SOLE 0 2,762 0 0
Equity LifeStyle Properties Inc COM 29472R108 2,927,722 47,474 SH SOLE 0 47,474 0 0
Equity Residential SH BEN INT 29476L107 3,999,052 59,254 SH SOLE 0 59,254 0 0
Essex Property Trust Inc COM 297178105 3,742,864 13,207 SH SOLE 0 13,207 0 0
Extra Space Storage Inc COM 30225T102 3,977,489 26,977 SH SOLE 0 26,977 0 0
First Industrial Realty Trust Inc COM 32054K103 3,216,769 66,835 SH SOLE 0 66,835 0 0
Host Hotels & Resorts Inc COM 44107P104 3,449,503 224,577 SH SOLE 0 224,577 0 0
Invitation Homes Inc COM 46187W107 3,611,477 110,106 SH SOLE 0 110,106 0 0
Kite Realty Group Trust COM NEW 49803T300 3,411,498 150,618 SH SOLE 0 150,618 0 0
Newmark Group Inc CL A 65158N102 3,556,998 292,757 SH SOLE 0 292,757 0 0
Prologis Inc COM 74340W103 2,307,699 21,953 SH SOLE 0 21,953 0 0
Public Storage COM 74460D109 3,977,895 13,557 SH SOLE 0 13,557 0 0
RLJ Lodging Trust COM 74965L101 843,155 115,818 SH SOLE 0 115,818 0 0
UDR Inc COM 902653104 4,383,305 107,355 SH SOLE 0 107,355 0 0
VICI Properties Inc COM 925652109 2,683,371 82,312 SH SOLE 0 82,312 0 0
Ventas Inc COM 92276F100 3,111,085 49,265 SH SOLE 0 49,265 0 0
Veris Residential Inc COM 554489104 1,570,806 105,494 SH SOLE 0 105,494 0 0
Vornado Realty Trust SH BEN INT 929042109 3,391,356 88,686 SH SOLE 0 88,686 0 0