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
AMERICAN HEALTHCARE REIT INC COM SHS 398182303 3,161,333 60,620 SH SOLE 0 60,620 0
AMERICAN HOMES 4 RENT CL A 02665T306 1,006,606 30,030 SH SOLE 0 30,030 0
AMERICOLD REALTY TRUST INC COM 03064D108 290,034 18,450 SH SOLE 0 18,450 0
AVALONBAY CMNTYS INC COM 053484101 2,041,626 10,820 SH SOLE 0 10,820 0
BLACKSTONE DIGITAL INFRASTRU COMMON STOCK 09264B107 344,652 15,934 SH SOLE 0 15,934 0
CARETRUST REIT INC COM 14174T107 1,266,990 31,400 SH SOLE 0 31,400 0
CBRE GROUP INC CL A 12504L109 668,332 4,962 SH SOLE 0 4,962 0
COUSINS PPTYS INC COM NEW 222795502 640,673 21,370 SH SOLE 0 21,370 0
DIGITAL RLTY TR INC COM 253868103 1,759,884 9,800 SH SOLE 0 9,800 0
EQUINIX INC COM 29444U700 3,861,013 3,704 SH SOLE 0 3,704 0
EQUITY LIFESTYLE PROPERTIES COM 29472R108 1,104,802 17,142 SH SOLE 0 17,142 0
ESSENTIAL PPTYS RLTY TR INC COM 29670E107 1,122,360 37,600 SH SOLE 0 37,600 0
EXTRA SPACE STORAGE INC COM 30225T102 345,088 2,375 SH SOLE 0 2,375 0
FOUR CORNERS PPTY TR INC COM 35086T109 1,083,392 44,130 SH SOLE 0 44,130 0
INDEPENDENCE RLTY TR INC COM 45378A106 829,159 49,680 SH SOLE 0 49,680 0
INVENTRUST PPTYS CORP COM NEW 46124J201 1,408,920 39,800 SH SOLE 0 39,800 0
IRON MTN INC DEL COM 46284V101 1,709,606 13,535 SH SOLE 0 13,535 0
KILROY REALTY CORP COM 49427F108 348,471 9,300 SH SOLE 0 9,300 0
LXP INDUSTRIAL TRUST COM 529043408 433,734 8,050 SH SOLE 0 8,050 0
MACERICH CO COM 554382101 303,086 12,032 SH SOLE 0 12,032 0
MID-AMER APT CMNTYS INC COM 59522J103 1,504,026 10,825 SH SOLE 0 10,825 0
PHILLIPS EDISON & CO INC COMMON STOCK 71844V201 1,459,530 35,068 SH SOLE 0 35,068 0
PROLOGIS INC. COM 74340W103 6,097,369 45,009 SH SOLE 0 45,009 0
PUBLIC STORAGE COM 74460D109 3,230,847 10,150 SH SOLE 0 10,150 0
SIMON PPTY GROUP INC NEW COM 828806109 2,112,374 9,445 SH SOLE 0 9,445 0
SL GREEN RLTY CORP COM 78440X887 745,488 14,400 SH SOLE 0 14,400 0
VICI PPTYS INC COM 925652109 705,168 26,560 SH SOLE 0 26,560 0
WELLTOWER INC COM 95040Q104 5,748,015 25,325 SH SOLE 0 25,325 0