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 COMM STK 008492100 69,302,403 915,004 SH SOLE 241,482 0 673,522
ALEXANDRIA REAL ESTATE EQUITIES INC COMM STK 015271109 21,539,176 407,553 SH SOLE 18,339 0 389,214
AMERICAN HOMES 4 RENT COMM STK 02665T306 120,809,901 3,604,114 SH SOLE 990,268 0 2,613,846
AMERICAN TOWER CORP COMM STK 03027X100 113,730,385 695,301 SH SOLE 410,440 0 284,861
AMERICOLD REALTY TRUST COMM STK 03064D108 81,276,267 5,170,246 SH SOLE 2,282,079 0 2,888,167
AVALONBAY COMMUNITIES INC COMM STK 053484101 68,605,797 363,590 SH SOLE 153,717 0 209,873
BXP INC COMM STK 101121101 30,700,933 462,991 SH SOLE 24,535 0 438,456
COUSINS PROPERTIES INC COMM STK 222795502 23,714 791 SH SOLE 791 0 0
CROWN CASTLE INTL CORP COMM STK 22822V101 94,511 1,248 SH SOLE 1,248 0 0
CUBESMART COMM STK 229663109 93,198,529 2,343,438 SH SOLE 813,463 0 1,529,975
DIGITAL REALTY TRUST INC COMM STK 253868103 26,725,455 148,822 SH SOLE 67,826 0 80,996
EMPIRE STATE REALTY TRUST INC COMM STK 292104106 70,900,468 13,105,447 SH SOLE 6,204,280 0 6,901,167
EQUINIX INC COMM STK 29444U700 328,351,808 314,999 SH SOLE 69,722 0 245,277
EQUITY LIFESTYLE PROPERTIES INC COMM STK 29472R108 64,597,333 1,002,286 SH SOLE 54,002 0 948,284
EQUITY RESIDENTIAL COMM STK 29476L107 102,492,580 1,508,797 SH SOLE 448,018 0 1,060,779
ESSEX PROPERTY TRUST INC COMM STK 297178105 6,882,982 23,605 SH SOLE 23,605 0 0
FEDERAL REALTY INVESTMENT TRUST COMM STK 313745101 1,908,876 15,464 SH SOLE 15,464 0 0
FOUR CORNERS PROPERTY TRUST COMM STK 35086T109 69,597,826 2,834,942 SH SOLE 724,177 0 2,110,765
GAMING AND LEISURE PROP INC COMM STK 36467J108 102,830,769 2,309,247 SH SOLE 721,661 0 1,587,586
HEALTHPEAK PROPERTIES INC COMM STK 42250P103 11,426,658 533,956 SH SOLE 533,956 0 0
HOST HOTELS & RESORTS INC COMM STK 44107P104 28,864,957 1,217,417 SH SOLE 68,687 0 1,148,730
INVITATION HOMES INC COMM STK 46187W107 20,182,244 668,065 SH SOLE 668,065 0 0
KILROY REALTY CORP COMM STK 49427F108 1,322,691 35,300 SH SOLE 35,300 0 0
KIMCO REALTY CORP COMM STK 49446R109 57,271,810 2,259,243 SH SOLE 354,856 0 1,904,387
KITE REALTY GROUP TRUST COMM STK 49803T300 13,073,616 460,663 SH SOLE 460,663 0 0
LINEAGE INC COMM STK 53566V106 63,534 1,469 SH SOLE 1,469 0 0
LXP INDUSTRIAL TRUST COMM STK 529043408 44,573,415 827,272 SH SOLE 359,265 0 468,007
NATIONAL HEALTHCARE PROPERTIES INC COMM STK 42226B501 49,101,585 3,351,644 SH SOLE 1,521,523 0 1,830,121
NNN REIT INC COMM STK 637417106 23,852,860 512,634 SH SOLE 14,512 0 498,122
OUTFRONT MEDIA INC COMM STK 69007J304 86,411,019 2,637,699 SH SOLE 728,685 0 1,909,014
PROLOGIS INC COMM STK 74340W103 154,779,623 1,142,538 SH SOLE 189,232 0 953,306
PUBLIC STORAGE COMM STK 74460D109 147,503,262 463,395 SH SOLE 118,886 0 344,509
REALTY INCOME CORP COMM STK 756109104 9,534,467 153,881 SH SOLE 0 0 153,881
REGENCY CENTERS CORP COMM STK 758849103 23,960,594 300,484 SH SOLE 45,361 0 255,123
REXFORD INDUSTRIAL REALTY INC COMM STK 76169C100 97,056,234 2,897,201 SH SOLE 1,091,830 0 1,805,371
SABRA HEALTHCARE REIT INC COMM STK 78573L106 83,481,027 4,278,884 SH SOLE 760,508 0 3,518,376
SBA COMMUNICATIONS CORP COMM STK 78410G104 1,393,858 7,899 SH SOLE 7,899 0 0
SIMON PROPERTY GROUP INC COMM STK 828806109 124,654,235 557,363 SH SOLE 145,567 0 411,796
SUN COMMUNITIES INC COMM STK 866674104 11,231,370 93,665 SH SOLE 93,665 0 0
UDR INC COMM STK 902653104 45,703,011 1,144,865 SH SOLE 327,832 0 817,033
VENTAS INC COMM STK 92276F100 62,547,701 704,366 SH SOLE 215,259 0 489,107
VICI PROPERTIES INC COMM STK 925652109 51,106,892 1,924,930 SH SOLE 325,867 0 1,599,063
WELLTOWER INC COMM STK 95040Q104 287,235,074 1,265,520 SH SOLE 59,395 0 1,206,125
WEYERHAEUSER CO COMM STK 962166104 741,542 30,975 SH SOLE 30,975 0 0