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
Agree Realty Corp COM 008492100 269,438,006 3,557,407 SH DFND 1 3,557,407 0 0
Alexandria Real Estate Equitie COM 015271109 118,600,474 2,244,096 SH DFND 1 2,244,096 0 0
American Healthcare REIT Inc COM 398182303 208,342,170 3,995,056 SH DFND 1 3,995,056 0 0
American Homes 4 Rent COM 02665T306 141,533,507 4,222,360 SH DFND 1 4,222,360 0 0
American Tower Corp COM 03027X100 53,868,508 329,330 SH DFND 1 329,330 0 0
Americold Realty Trust Inc COM 03064D108 42,573,847 2,708,260 SH DFND 1 2,708,260 0 0
Avalon Bay Communities COM 053484101 19,804,902 104,960 SH DFND 1 104,960 0 0
Blackstone Digital Infrastruct COM 09264B107 767,865 35,500 SH DFND 1 35,500 0 0
Brixmor Property Group Inc COM 11120U105 371,157,129 11,771,555 SH DFND 1 11,771,555 0 0
Broadstone Net Lease Inc COM 11135E203 48,468,256 2,344,860 SH DFND 1 2,344,860 0 0
BXP Inc COM 101121101 3,340,101 50,371 SH DFND 1 50,371 0 0
Camden Property Trust COM 133131102 321,792,234 2,810,658 SH DFND 1 2,810,658 0 0
CareTrust REIT Inc COM 14174T107 49,502,026 1,226,816 SH DFND 1 1,226,816 0 0
CBRE Group Inc - A COM 12504L109 1,540,854 11,440 SH DFND 1 11,440 0 0
COPT Defense Properties COM 22002T108 1,874,085 51,500 SH DFND 1 51,500 0 0
Core Scientific Inc COM 21874A106 294,285 11,500 SH DFND 1 11,500 0 0
Corp Inmobiliaria Vesta SAB COM 92540K109 15,607,104 454,885 SH DFND 1 454,885 0 0
Cousins Properties Inc COM 222795502 122,438,470 4,084,005 SH DFND 1 4,084,005 0 0
Crown Castle Intl Corp COM 22822V101 27,151,477 358,530 SH DFND 1 358,530 0 0
Cubesmart COM 229663109 24,500,149 616,046 SH DFND 1 616,046 0 0
DiamondRock Hospitality Co COM 252784301 84,236,271 6,915,950 SH DFND 1 6,915,950 0 0
Digital Realty Trust Inc COM 253868103 618,392,529 3,443,549 SH DFND 1 3,443,549 0 0
Diversified Healthcare Trust COM 25525P107 26,304,176 2,828,406 SH DFND 1 2,828,406 0 0
Douglas Emmett Inc COM 25960P109 469,050 39,750 SH DFND 1 39,750 0 0
EastGroup Properties Inc COM 277276101 11,902,891 58,771 SH DFND 1 58,771 0 0
Empire State Realty Trust COM 292104106 19,132,579 3,536,521 SH DFND 1 3,536,521 0 0
Equinix Inc COM 29444U700 907,014,811 870,130 SH DFND 1 870,130 0 0
Equity Lifestyle Properties COM 29472R108 196,269,907 3,045,305 SH DFND 1 3,045,305 0 0
Equity Residential Properties COM 29476L107 82,176,959 1,209,730 SH DFND 1 1,209,730 0 0
Essential Properties Realty COM 29670E107 432,527 14,490 SH DFND 1 14,490 0 0
Essex Property Trust Inc COM 297178105 57,904,817 198,583 SH DFND 1 198,583 0 0
Extra Space Storage Inc COM 30225T102 352,280,722 2,424,506 SH DFND 1 2,424,506 0 0
Federal Realty Investment Trus COM 313745101 13,134,139 106,401 SH DFND 1 106,401 0 0
First Industrial Realty Trust COM 32054K103 284,018,698 4,632,502 SH DFND 1 4,632,502 0 0
Four Corners Property Trust COM 35086T109 354,993 14,460 SH DFND 1 14,460 0 0
Healthcare Realty Trust Inc COM 42226K105 552,194 27,377 SH DFND 1 27,377 0 0
Healthpeak Properties Inc COM 42250P103 3,987,762 186,344 SH DFND 1 186,344 0 0
Hilton Worldwide Holdings Inc COM 43300A203 7,743,008 23,431 SH DFND 1 23,431 0 0
Host Hotels & Resorts Inc COM 44107P104 138,961,489 5,860,881 SH DFND 1 5,860,881 0 0
Independence Realty Trust Inc COM 45378A106 38,756,734 2,322,153 SH DFND 1 2,322,153 0 0
Invitation Homes Inc COM 46187W107 257,555,566 8,525,507 SH DFND 1 8,525,507 0 0
Iron Mountain Inc COM 46284V101 279,634,425 2,213,874 SH DFND 1 2,213,874 0 0
Janus Living Inc COM 471024109 66,827,915 2,325,258 SH DFND 1 2,325,258 0 0
Jones Lang LaSalle Inc COM 48020Q107 393,637 1,270 SH DFND 1 1,270 0 0
Kilroy Realty Corporation COM 49427F108 42,327,723 1,129,643 SH DFND 1 1,129,643 0 0
Kimco Realty Corp COM 49446R109 262,299,188 10,347,108 SH DFND 1 10,347,108 0 0
Kite Realty Group Trust COM 49803T300 231,911,030 8,171,636 SH DFND 1 8,171,636 0 0
Lamar Advertising Company COM 512816109 55,735,398 357,324 SH DFND 1 357,324 0 0
Lineage Inc COM 53566V106 27,987,551 647,111 SH DFND 1 647,111 0 0
LTC Properties Inc COM 502175102 34,955,280 909,110 SH DFND 1 909,110 0 0
LXP Industrial Trust COM 529043408 90,709,297 1,683,543 SH DFND 1 1,683,543 0 0
Macerich Company COM 554382101 215,108,645 8,539,446 SH DFND 1 8,539,446 0 0
Mid-America Apartment Communit COM 59522J103 105,079,210 756,292 SH DFND 1 756,292 0 0
National Health Investors COM 63633D104 3,558,444 46,662 SH DFND 1 46,662 0 0
NetSTREIT Corp COM 64119V303 50,313,446 2,381,138 SH DFND 1 2,381,138 0 0
NEXTERA ENERGY INC COM 65339F101 373,023 4,250 SH DFND 1 4,250 0 0
Omega Healthcare Investors Inc COM 681936100 28,769,635 603,390 SH DFND 1 603,390 0 0
Piedmont Office Realty Trust I COM 720190206 13,891,777 1,518,227 SH DFND 1 1,518,227 0 0
Prologis Trust COM 74340W103 905,356,848 6,683,080 SH DFND 1 6,683,080 0 0
Public Storage Inc COM 74460D109 365,387,412 1,147,898 SH DFND 1 1,147,898 0 0
Realty Income Corp COM 756109104 232,075,269 3,745,566 SH DFND 1 3,745,566 0 0
Regency Centers Corp COM 758849103 28,010,270 351,270 SH DFND 1 351,270 0 0
Rexford Industrial Realty COM 76169C100 87,903,732 2,623,992 SH DFND 1 2,623,992 0 0
Ryman Hospitality Properties COM 78377T107 70,271,858 546,650 SH DFND 1 546,650 0 0
Sabra Health Care REIT Inc COM 78573L106 106,873,966 5,477,907 SH DFND 1 5,477,907 0 0
SBA Communications Corp COM 78410G104 13,077,451 74,110 SH DFND 1 74,110 0 0
Simon Property Group Inc COM 828806109 344,003,669 1,538,134 SH DFND 1 1,538,134 0 0
SL Green Realty Corp COM 78440X887 59,918,909 1,157,406 SH DFND 1 1,157,406 0 0
SmartStop Self Storage REIT In COM 83192D402 43,712,175 1,344,990 SH DFND 1 1,344,990 0 0
STAG Industrial COM 85254J102 28,701,046 754,100 SH DFND 1 754,100 0 0
Sun Communities Inc COM 866674104 41,252,637 344,030 SH DFND 1 344,030 0 0
Sunstone Hotel Investors Inc COM 867892101 171,636 14,990 SH DFND 1 14,990 0 0
Terreno Realty Corp COM 88146M101 3,510,534 54,200 SH DFND 1 54,200 0 0
UDR Inc COM 902653104 349,592,494 8,757,327 SH DFND 1 8,757,327 0 0
Ventas Inc COM 92276F100 561,980,213 6,328,606 SH DFND 1 6,328,606 0 0
VICI Properties Inc COM 925652109 156,811,256 5,906,262 SH DFND 1 5,906,262 0 0
Vornado Realty Trust COM 929042109 109,085,010 2,775,700 SH DFND 1 2,775,700 0 0
Welltower Inc COM 95040Q104 1,225,291,871 5,398,475 SH DFND 1 5,398,475 0 0
Weyerhaeuser Co COM 962166104 7,555,440 315,599 SH DFND 1 315,599 0 0
WP Carey Inc COM 92936U109 715,286 10,004 SH DFND 1 10,004 0 0
Agree Realty Corp COM 008492100 7,488,414 98,870 SH DFND 2 98,870 0 0
Alexandria Real Estate Equitie COM 015271109 3,260,317 61,690 SH DFND 2 61,690 0 0
American Healthcare REIT Inc COM 398182303 6,114,588 117,250 SH DFND 2 117,250 0 0
American Homes 4 Rent COM 02665T306 3,175,685 94,740 SH DFND 2 94,740 0 0
Americold Realty Trust Inc COM 03064D108 1,320,637 84,010 SH DFND 2 84,010 0 0
Brixmor Property Group Inc COM 11120U105 10,145,408 321,770 SH DFND 2 321,770 0 0
Broadstone Net Lease Inc COM 11135E203 1,496,095 72,380 SH DFND 2 72,380 0 0
Camden Property Trust COM 133131102 9,579,378 83,670 SH DFND 2 83,670 0 0
CareTrust REIT Inc COM 14174T107 1,558,398 38,622 SH DFND 2 38,622 0 0
Corp Inmobiliaria Vesta SAB COM 92540K109 1,826,321 53,230 SH DFND 2 53,230 0 0
Cousins Properties Inc COM 222795502 3,871,018 129,120 SH DFND 2 129,120 0 0
Cubesmart COM 229663109 699,554 17,590 SH DFND 2 17,590 0 0
DiamondRock Hospitality Co COM 252784301 2,374,832 194,978 SH DFND 2 194,978 0 0
Digital Realty Trust Inc COM 253868103 17,128,340 95,380 SH DFND 2 95,380 0 0
Diversified Healthcare Trust COM 25525P107 317,921 34,185 SH DFND 2 34,185 0 0
Empire State Realty Trust COM 292104106 236,688 43,750 SH DFND 2 43,750 0 0
Equinix Inc COM 29444U700 26,010,758 24,953 SH DFND 2 24,953 0 0
Equity Lifestyle Properties COM 29472R108 5,663,222 87,870 SH DFND 2 87,870 0 0
Equity Residential Properties COM 29476L107 772,364 11,370 SH DFND 2 11,370 0 0
Essex Property Trust Inc COM 297178105 331,538 1,137 SH DFND 2 1,137 0 0
Extra Space Storage Inc COM 30225T102 9,573,817 65,890 SH DFND 2 65,890 0 0
First Industrial Realty Trust COM 32054K103 7,540,517 122,990 SH DFND 2 122,990 0 0
Host Hotels & Resorts Inc COM 44107P104 4,418,121 186,340 SH DFND 2 186,340 0 0
Independence Realty Trust Inc COM 45378A106 471,159 28,230 SH DFND 2 28,230 0 0
Invitation Homes Inc COM 46187W107 7,055,243 233,540 SH DFND 2 233,540 0 0
Iron Mountain Inc COM 46284V101 8,045,947 63,700 SH DFND 2 63,700 0 0
Janus Living Inc COM 471024109 1,922,993 66,910 SH DFND 2 66,910 0 0
Kilroy Realty Corporation COM 49427F108 1,123,913 29,995 SH DFND 2 29,995 0 0
Kimco Realty Corp COM 49446R109 8,335,080 328,800 SH DFND 2 328,800 0 0
Kite Realty Group Trust COM 49803T300 7,483,522 263,690 SH DFND 2 263,690 0 0
Lamar Advertising Company COM 512816109 719,068 4,610 SH DFND 2 4,610 0 0
Lineage Inc COM 53566V106 957,771 22,145 SH DFND 2 22,145 0 0
LTC Properties Inc COM 502175102 446,020 11,600 SH DFND 2 11,600 0 0
LXP Industrial Trust COM 529043408 2,793,678 51,850 SH DFND 2 51,850 0 0
Macerich Company COM 554382101 6,462,998 256,570 SH DFND 2 256,570 0 0
Mid-America Apartment Communit COM 59522J103 2,660,701 19,150 SH DFND 2 19,150 0 0
NetSTREIT Corp COM 64119V303 513,882 24,320 SH DFND 2 24,320 0 0
Omega Healthcare Investors Inc COM 681936100 335,667 7,040 SH DFND 2 7,040 0 0
Piedmont Office Realty Trust I COM 720190206 174,948 19,120 SH DFND 2 19,120 0 0
Prologis Trust COM 74340W103 22,632,973 167,070 SH DFND 2 167,070 0 0
Public Storage Inc COM 74460D109 9,017,722 28,330 SH DFND 2 28,330 0 0
Realty Income Corp COM 756109104 6,613,610 106,740 SH DFND 2 106,740 0 0
Rexford Industrial Realty COM 76169C100 2,109,830 62,980 SH DFND 2 62,980 0 0
Ryman Hospitality Properties COM 78377T107 1,806,128 14,050 SH DFND 2 14,050 0 0
Sabra Health Care REIT Inc COM 78573L106 3,680,366 188,640 SH DFND 2 188,640 0 0
Simon Property Group Inc COM 828806109 9,046,643 40,450 SH DFND 2 40,450 0 0
SL Green Realty Corp COM 78440X887 2,021,101 39,040 SH DFND 2 39,040 0 0
SmartStop Self Storage REIT In COM 83192D402 1,347,125 41,450 SH DFND 2 41,450 0 0
STAG Industrial COM 85254J102 282,405 7,420 SH DFND 2 7,420 0 0
Sun Communities Inc COM 866674104 418,486 3,490 SH DFND 2 3,490 0 0
UDR Inc COM 902653104 10,319,320 258,500 SH DFND 2 258,500 0 0
Ventas Inc COM 92276F100 14,999,208 168,910 SH DFND 2 168,910 0 0
VICI Properties Inc COM 925652109 5,612,139 211,380 SH DFND 2 211,380 0 0
Vornado Realty Trust COM 929042109 3,118,062 79,340 SH DFND 2 79,340 0 0
Welltower Inc COM 95040Q104 31,546,560 138,990 SH DFND 2 138,990 0 0
Agree Realty Corp COM 008492100 5,653,234 74,640 SH DFND 3 74,640 0 0
Alexandria Real Estate Equitie COM 015271109 2,524,645 47,770 SH DFND 3 47,770 0 0
American Healthcare REIT Inc COM 398182303 4,779,026 91,640 SH DFND 3 91,640 0 0
American Homes 4 Rent COM 02665T306 2,471,765 73,740 SH DFND 3 73,740 0 0
Americold Realty Trust Inc COM 03064D108 1,120,050 71,250 SH DFND 3 71,250 0 0
Brixmor Property Group Inc COM 11120U105 8,057,807 255,560 SH DFND 3 255,560 0 0
Broadstone Net Lease Inc COM 11135E203 1,022,132 49,450 SH DFND 3 49,450 0 0
Camden Property Trust COM 133131102 7,650,222 66,820 SH DFND 3 66,820 0 0
CareTrust REIT Inc COM 14174T107 1,157,238 28,680 SH DFND 3 28,680 0 0
Corp Inmobiliaria Vesta SAB COM 92540K109 1,883,619 54,900 SH DFND 3 54,900 0 0
Cousins Properties Inc COM 222795502 3,078,646 102,690 SH DFND 3 102,690 0 0
Cubesmart COM 229663109 561,155 14,110 SH DFND 3 14,110 0 0
DiamondRock Hospitality Co COM 252784301 1,840,885 151,140 SH DFND 3 151,140 0 0
Digital Realty Trust Inc COM 253868103 13,033,916 72,580 SH DFND 3 72,580 0 0
Equinix Inc COM 29444U700 19,805,410 19,000 SH DFND 3 19,000 0 0
Equity Lifestyle Properties COM 29472R108 4,340,708 67,350 SH DFND 3 67,350 0 0
Extra Space Storage Inc COM 30225T102 7,320,214 50,380 SH DFND 3 50,380 0 0
First Industrial Realty Trust COM 32054K103 6,118,738 99,800 SH DFND 3 99,800 0 0
Host Hotels & Resorts Inc COM 44107P104 3,388,396 142,910 SH DFND 3 142,910 0 0
Invitation Homes Inc COM 46187W107 5,457,739 180,660 SH DFND 3 180,660 0 0
Iron Mountain Inc COM 46284V101 5,860,784 46,400 SH DFND 3 46,400 0 0
Janus Living Inc COM 471024109 1,652,263 57,490 SH DFND 3 57,490 0 0
Kilroy Realty Corporation COM 49427F108 837,080 22,340 SH DFND 3 22,340 0 0
Kimco Realty Corp COM 49446R109 6,176,781 243,660 SH DFND 3 243,660 0 0
Kite Realty Group Trust COM 49803T300 5,933,974 209,090 SH DFND 3 209,090 0 0
Lineage Inc COM 53566V106 734,385 16,980 SH DFND 3 16,980 0 0
LXP Industrial Trust COM 529043408 2,132,570 39,580 SH DFND 3 39,580 0 0
Macerich Company COM 554382101 5,122,387 203,350 SH DFND 3 203,350 0 0
Mid-America Apartment Communit COM 59522J103 1,979,895 14,250 SH DFND 3 14,250 0 0
Prologis Trust COM 74340W103 16,500,246 121,800 SH DFND 3 121,800 0 0
Public Storage Inc COM 74460D109 6,493,524 20,400 SH DFND 3 20,400 0 0
Realty Income Corp COM 756109104 4,466,077 72,080 SH DFND 3 72,080 0 0
Rexford Industrial Realty COM 76169C100 1,375,510 41,060 SH DFND 3 41,060 0 0
Ryman Hospitality Properties COM 78377T107 1,133,811 8,820 SH DFND 3 8,820 0 0
Sabra Health Care REIT Inc COM 78573L106 2,885,139 147,880 SH DFND 3 147,880 0 0
Simon Property Group Inc COM 828806109 6,244,308 27,920 SH DFND 3 27,920 0 0
SL Green Realty Corp COM 78440X887 1,609,322 31,086 SH DFND 3 31,086 0 0
SmartStop Self Storage REIT In COM 83192D402 956,150 29,420 SH DFND 3 29,420 0 0
UDR Inc COM 902653104 8,213,939 205,760 SH DFND 3 205,760 0 0
Ventas Inc COM 92276F100 11,567,088 130,260 SH DFND 3 130,260 0 0
VICI Properties Inc COM 925652109 4,104,896 154,610 SH DFND 3 154,610 0 0
Vornado Realty Trust COM 929042109 2,478,651 63,070 SH DFND 3 63,070 0 0
Welltower Inc COM 95040Q104 23,414,225 103,160 SH DFND 3 103,160 0 0