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 988 18,700 SH SOLE 0 0 0 18,700
American Homes 4 Rent COMMON STOCK 02665T306 2,447 73,000 SH SOLE 0 0 0 73,000
Americold Realty Trust Inc COMMON STOCK 03064D108 1,603 102,000 SH SOLE 0 0 0 102,000
Apple Hospitality REIT Inc COMMON STOCK 03784Y200 841 50,000 SH SOLE 0 0 0 50,000
AvalonBay Communities Inc COMMON STOCK 053484101 4,174 22,120 SH SOLE 0 0 0 22,120
Boston Properties Inc COMMON STOCK 101121101 910 13,717 SH SOLE 0 0 0 13,717
Brandywine Realty Trust COMMON STOCK 105368203 417 131,400 SH SOLE 0 0 0 131,400
Brixmor Property Group Inc COMMON STOCK 11120U105 3,027 96,000 SH SOLE 0 0 0 96,000
Broadstone Net Lease Inc COMMON STOCK 11135E203 1,860 90,000 SH SOLE 0 0 0 90,000
Camden Property Trust COMMON STOCK 133131102 1,727 15,086 SH SOLE 0 0 0 15,086
CareTrust REIT Inc COMMON STOCK 14174T107 1,654 41,000 SH SOLE 0 0 0 41,000
Centerspace COMMON STOCK 15202L107 606 10,780 SH SOLE 0 0 0 10,780
Chatham Lodging Trust COMMON STOCK 16208T102 476 36,000 SH SOLE 0 0 0 36,000
Chiron Real Estate Inc COMMON STOCK 37954A303 1,043 27,800 SH SOLE 0 0 0 27,800
Community Healthcare Trust Inc COMMON STOCK 20369C106 731 40,000 SH SOLE 0 0 0 40,000
Cousins Properties Inc COMMON STOCK 222795502 1,228 40,977 SH SOLE 0 0 0 40,977
CubeSmart COMMON STOCK 229663109 2,140 53,800 SH SOLE 0 0 0 53,800
Digital Realty Trust Inc COMMON STOCK 253868103 8,462 47,119 SH SOLE 0 0 0 47,119
DigitalBridge Group Inc COMMON STOCK 25401T603 225 14,233 SH SOLE 0 0 0 14,233
EPR Properties COMMON STOCK 26884U109 1,912 32,962 SH SOLE 0 0 0 32,962
Equinix Inc COMMON STOCK 29444U700 14,921 14,314 SH SOLE 0 0 0 14,314
Equity Residential COMMON STOCK 29476L107 3,672 54,056 SH SOLE 0 0 0 54,056
Essential Properties Realty Trust Inc COMMON STOCK 29670E107 1,806 60,500 SH SOLE 0 0 0 60,500
Essex Property Trust Inc COMMON STOCK 297178105 3,031 10,395 SH SOLE 0 0 0 10,395
Extra Space Storage Inc COMMON STOCK 30225T102 3,246 22,340 SH SOLE 0 0 0 22,340
Four Corners Property Trust Inc COMMON STOCK 35086T109 1,092 44,500 SH SOLE 0 0 0 44,500
Gaming and Leisure Properties Inc COMMON STOCK 36467J108 1,789 40,172 SH SOLE 0 0 0 40,172
Getty Realty Corp COMMON STOCK 374297109 1,568 47,000 SH SOLE 0 0 0 47,000
Global Net Lease Inc COMMON STOCK 379378201 277 30,976 SH SOLE 0 0 0 30,976
Healthcare Realty Trust Inc COMMON STOCK 42226K105 1,305 64,719 SH SOLE 0 0 0 64,719
Healthpeak Properties Inc COMMON STOCK 42250P103 4,312 201,473 SH SOLE 0 0 0 201,473
Highwoods Properties Inc COMMON STOCK 431284108 597 19,802 SH SOLE 0 0 0 19,802
Host Hotels and Resorts Inc COMMON STOCK 44107P104 2,490 104,998 SH SOLE 0 0 0 104,998
Hudson Pacific Properties Inc COMMON STOCK 444097406 183 12,071 SH SOLE 0 0 0 12,071
Independence Realty Trust Inc COMMON STOCK 45378A106 743 44,500 SH SOLE 0 0 0 44,500
Innovative Industrial Properties Inc COMMON STOCK 45781V101 521 8,400 SH SOLE 0 0 0 8,400
Invitation Homes Inc COMMON STOCK 46187W107 3,236 107,110 SH SOLE 0 0 0 107,110
Iron Mountain Inc COMMON STOCK 46284V101 5,368 42,500 SH SOLE 0 0 0 42,500
Kilroy Realty Corp COMMON STOCK 49427F108 674 18,000 SH SOLE 0 0 0 18,000
Kimco Realty Corp COMMON STOCK 49446R109 1,666 65,731 SH SOLE 0 0 0 65,731
Kite Realty Group Trust COMMON STOCK 49803T300 1,916 67,500 SH SOLE 0 0 0 67,500
LTC Properties Inc COMMON STOCK 502175102 1,711 44,500 SH SOLE 0 0 0 44,500
LXP Industrial Trust COMMON STOCK 529043408 1,800 33,400 SH SOLE 0 0 0 33,400
Lamar Advertising Co COMMON STOCK 512816109 2,761 17,700 SH SOLE 0 0 0 17,700
Macerich Co/The COMMON STOCK 554382101 472 18,720 SH SOLE 0 0 0 18,720
Medical Properties Trust Inc COMMON STOCK 58463J304 402 87,000 SH SOLE 0 0 0 87,000
Mid-America Apartment Communities Inc COMMON STOCK 59522J103 2,312 16,640 SH SOLE 0 0 0 16,640
Millrose Properties Inc COMMON STOCK 601137102 1,487 49,500 SH SOLE 0 0 0 49,500
National Health Investors Inc COMMON STOCK 63633D104 930 12,200 SH SOLE 0 0 0 12,200
National Retail Properties Inc COMMON STOCK 637417106 2,545 54,700 SH SOLE 0 0 0 54,700
National Storage Affiliates Trust COMMON STOCK 637870106 236 5,300 SH SOLE 0 0 0 5,300
Omega Healthcare Investors Inc COMMON STOCK 681936100 2,208 46,300 SH SOLE 0 0 0 46,300
Outfront Media Inc COMMON STOCK 69007J304 1,396 42,617 SH SOLE 0 0 0 42,617
Park Hotels and Resorts Inc COMMON STOCK 700517105 742 52,038 SH SOLE 0 0 0 52,038
Pebblebrook Hotel Trust COMMON STOCK 70509V100 173 8,911 SH SOLE 0 0 0 8,911
Phillips Edison and Co Inc COMMON STOCK 71844V201 1,061 25,500 SH SOLE 0 0 0 25,500
Power REIT COMMON STOCK 73933H309 76 7,852 SH SOLE 0 0 0 7,852
Prologis Inc COMMON STOCK 74340W103 17,483 129,053 SH SOLE 0 0 0 129,053
Public Storage COMMON STOCK 74460D109 7,445 23,389 SH SOLE 0 0 0 23,389
RLJ Lodging Trust COMMON STOCK 74965L101 820 69,200 SH SOLE 0 0 0 69,200
Realty Income Corp COMMON STOCK 756109104 8,790 141,870 SH SOLE 0 0 0 141,870
Regency Centers Corp COMMON STOCK 758849103 718 9,000 SH SOLE 0 0 0 9,000
SITE Centers Corp COMMON STOCK 82981J851 30 7,500 SH SOLE 0 0 0 7,500
STAG Industrial Inc COMMON STOCK 85254J102 2,051 53,880 SH SOLE 0 0 0 53,880
Sabra Health Care REIT Inc COMMON STOCK 78573L106 1,907 97,730 SH SOLE 0 0 0 97,730
Sila Realty Trust Inc COMMON STOCK 146280508 1,822 60,000 SH SOLE 0 0 0 60,000
Simon Property Group Inc COMMON STOCK 828806109 9,507 42,508 SH SOLE 0 0 0 42,508
Summit Hotel Properties Inc COMMON STOCK 866082100 484 69,000 SH SOLE 0 0 0 69,000
TANGER INC COMMON STOCK 875465106 434 11,000 SH SOLE 0 0 0 11,000
UDR Inc COMMON STOCK 902653104 1,741 43,605 SH SOLE 0 0 0 43,605
UMH Properties Inc COMMON STOCK 903002103 1,346 88,900 SH SOLE 0 0 0 88,900
VICI Properties Inc COMMON STOCK 925652109 4,991 188,000 SH SOLE 0 0 0 188,000
Ventas Inc COMMON STOCK 92276F100 5,921 66,679 SH SOLE 0 0 0 66,679
Vornado Realty Trust COMMON STOCK 929042109 718 18,265 SH SOLE 0 0 0 18,265
WP Carey Inc COMMON STOCK 92936U109 3,275 45,800 SH SOLE 0 0 0 45,800
Welltower Inc COMMON STOCK 95040Q104 13,676 60,253 SH SOLE 0 0 0 60,253