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
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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 406 8,750 SH SOLE 0 0 0 8,750
American Homes 4 Rent COMMON STOCK 02665T306 949 34,000 SH SOLE 0 0 0 34,000
Americold Realty Trust Inc COMMON STOCK 03064D108 541 47,200 SH SOLE 0 0 0 47,200
Apple Hospitality REIT Inc COMMON STOCK 03784Y200 184 16,000 SH SOLE 0 0 0 16,000
AvalonBay Communities Inc COMMON STOCK 053484101 1,716 10,502 SH SOLE 0 0 0 10,502
Boston Properties Inc COMMON STOCK 101121101 364 7,014 SH SOLE 0 0 0 7,014
Brandywine Realty Trust COMMON STOCK 105368203 126 46,500 SH SOLE 0 0 0 46,500
Brixmor Property Group Inc COMMON STOCK 11120U105 1,273 44,211 SH SOLE 0 0 0 44,211
Broadstone Net Lease Inc COMMON STOCK 11135E203 804 44,000 SH SOLE 0 0 0 44,000
Camden Property Trust COMMON STOCK 133131102 735 7,531 SH SOLE 0 0 0 7,531
CareTrust REIT Inc COMMON STOCK 14174T107 696 19,000 SH SOLE 0 0 0 19,000
Centerspace COMMON STOCK 15202L107 260 4,519 SH SOLE 0 0 0 4,519
Chatham Lodging Trust COMMON STOCK 16208T102 118 15,000 SH SOLE 0 0 0 15,000
Chiron Real Estate Inc COMMON STOCK 37954A303 468 14,140 SH SOLE 0 0 0 14,140
Community Healthcare Trust Inc COMMON STOCK 20369C106 318 20,000 SH SOLE 0 0 0 20,000
Cousins Properties Inc COMMON STOCK 222795502 528 23,400 SH SOLE 0 0 0 23,400
CubeSmart COMMON STOCK 229663109 942 25,700 SH SOLE 0 0 0 25,700
Curbline Properties Corp COMMON STOCK 23128Q101 258 10,000 SH SOLE 0 0 0 10,000
Digital Realty Trust Inc COMMON STOCK 253868103 3,955 21,947 SH SOLE 0 0 0 21,947
EPR Properties COMMON STOCK 26884U109 864 17,300 SH SOLE 0 0 0 17,300
Equinix Inc COMMON STOCK 29444U700 6,950 7,090 SH SOLE 0 0 0 7,090
Equity Residential COMMON STOCK 29476L107 1,529 25,853 SH SOLE 0 0 0 25,853
Essential Properties Realty Trust Inc COMMON STOCK 29670E107 835 27,500 SH SOLE 0 0 0 27,500
Essex Property Trust Inc COMMON STOCK 297178105 1,174 4,850 SH SOLE 0 0 0 4,850
Extra Space Storage Inc COMMON STOCK 30225T102 1,292 9,855 SH SOLE 0 0 0 9,855
Four Corners Property Trust Inc COMMON STOCK 35086T109 485 20,500 SH SOLE 0 0 0 20,500
Getty Realty Corp COMMON STOCK 374297109 779 24,500 SH SOLE 0 0 0 24,500
Global Net Lease Inc COMMON STOCK 379378201 136 14,492 SH SOLE 0 0 0 14,492
Healthcare Realty Trust Inc COMMON STOCK 42226K105 554 32,582 SH SOLE 0 0 0 32,582
Healthpeak Properties Inc COMMON STOCK 42250P103 1,557 94,755 SH SOLE 0 0 0 94,755
Highwoods Properties Inc COMMON STOCK 431284108 208 9,698 SH SOLE 0 0 0 9,698
Host Hotels and Resorts Inc COMMON STOCK 44107P104 993 51,843 SH SOLE 0 0 0 51,843
Hudson Pacific Properties Inc COMMON STOCK 444097406 32 5,428 SH SOLE 0 0 0 5,428
Independence Realty Trust Inc COMMON STOCK 45378A106 342 23,000 SH SOLE 0 0 0 23,000
Innovative Industrial Properties Inc COMMON STOCK 45781V101 221 4,404 SH SOLE 0 0 0 4,404
Invitation Homes Inc COMMON STOCK 46187W107 1,299 52,265 SH SOLE 0 0 0 52,265
Iron Mountain Inc COMMON STOCK 46284V101 2,073 20,300 SH SOLE 0 0 0 20,300
Kilroy Realty Corp COMMON STOCK 49427F108 212 7,500 SH SOLE 0 0 0 7,500
Kimco Realty Corp COMMON STOCK 49446R109 591 26,295 SH SOLE 0 0 0 26,295
Kite Realty Group Trust COMMON STOCK 49803T300 722 29,400 SH SOLE 0 0 0 29,400
LTC Properties Inc COMMON STOCK 502175102 725 19,500 SH SOLE 0 0 0 19,500
LXP Industrial Trust COMMON STOCK 529043408 851 18,400 SH SOLE 0 0 0 18,400
Lamar Advertising Co COMMON STOCK 512816109 1,089 8,600 SH SOLE 0 0 0 8,600
Macerich Co/The COMMON STOCK 554382101 164 8,692 SH SOLE 0 0 0 8,692
Medical Properties Trust Inc COMMON STOCK 58463J304 201 43,500 SH SOLE 0 0 0 43,500
Mid-America Apartment Communities Inc COMMON STOCK 59522J103 959 7,850 SH SOLE 0 0 0 7,850
Millrose Properties Inc COMMON STOCK 601137102 616 22,000 SH SOLE 0 0 0 22,000
NEW YORK REIT INC liquidation shs COMMON STOCK 64976L208 0 2,200 SH SOLE 0 0 0 2,200
National Health Investors Inc COMMON STOCK 63633D104 283 3,500 SH SOLE 0 0 0 3,500
National Retail Properties Inc COMMON STOCK 637417106 1,063 25,300 SH SOLE 0 0 0 25,300
National Storage Affiliates Trust COMMON STOCK 637870106 98 2,600 SH SOLE 0 0 0 2,600
Omega Healthcare Investors Inc COMMON STOCK 681936100 1,008 23,000 SH SOLE 0 0 0 23,000
Outfront Media Inc COMMON STOCK 69007J304 578 21,808 SH SOLE 0 0 0 21,808
Park Hotels and Resorts Inc COMMON STOCK 700517105 306 29,106 SH SOLE 0 0 0 29,106
Pebblebrook Hotel Trust COMMON STOCK 70509V100 80 6,355 SH SOLE 0 0 0 6,355
Phillips Edison and Co Inc COMMON STOCK 71844V201 299 8,000 SH SOLE 0 0 0 8,000
Power REIT COMMON STOCK 73933H101 25 29,948 SH SOLE 0 0 0 29,948
Prologis Inc COMMON STOCK 74340W103 8,322 62,958 SH SOLE 0 0 0 62,958
Public Storage COMMON STOCK 74460D109 3,064 11,313 SH SOLE 0 0 0 11,313
RETAIL VALUE INC liquidated COMMON STOCK 000000000 0 108 SH SOLE 0 0 0 108
RLJ Lodging Trust COMMON STOCK 74965L101 231 31,100 SH SOLE 0 0 0 31,100
Realty Income Corp COMMON STOCK 756109104 4,205 68,738 SH SOLE 0 0 0 68,738
Regency Centers Corp COMMON STOCK 758849103 408 5,399 SH SOLE 0 0 0 5,399
SITE Centers Corp COMMON STOCK 82981J851 27 5,000 SH SOLE 0 0 0 5,000
STAG Industrial Inc COMMON STOCK 85254J102 987 27,363 SH SOLE 0 0 0 27,363
Sabra Health Care REIT Inc COMMON STOCK 78573L106 940 48,874 SH SOLE 0 0 0 48,874
Sila Realty Trust Inc COMMON STOCK 146280508 687 29,000 SH SOLE 0 0 0 29,000
Simon Property Group Inc COMMON STOCK 828806109 3,732 20,006 SH SOLE 0 0 0 20,006
Summit Hotel Properties Inc COMMON STOCK 866082100 83 18,700 SH SOLE 0 0 0 18,700
TANGER INC COMMON STOCK 875465106 204 6,000 SH SOLE 0 0 0 6,000
UDR Inc COMMON STOCK 902653104 706 20,888 SH SOLE 0 0 0 20,888
UMH Properties Inc COMMON STOCK 903002103 614 42,564 SH SOLE 0 0 0 42,564
VICI Properties Inc COMMON STOCK 925652109 2,609 95,500 SH SOLE 0 0 0 95,500
Ventas Inc COMMON STOCK 92276F100 2,552 31,205 SH SOLE 0 0 0 31,205
Vornado Realty Trust COMMON STOCK 929042109 162 6,237 SH SOLE 0 0 0 6,237
WP Carey Inc COMMON STOCK 92936U109 1,516 22,304 SH SOLE 0 0 0 22,304
Welltower Inc COMMON STOCK 95040Q104 6,141 31,059 SH SOLE 0 0 0 31,059