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        <name>Stockland</name>
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      <invstOrSec>
        <name>Bmo Mortgage Trust</name>
        <lei>N/A</lei>
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          <isin value="US09663VAS97"/>
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      <invstOrSec>
        <name>Barclays Commercial Mortgage Securities Llc</name>
        <lei>N/A</lei>
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          <isin value="US05557AAM53"/>
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      <invstOrSec>
        <name>American Healthcare Reit Inc</name>
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          <isin value="US3981823038"/>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2026-5C8</title>
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          <isin value="US95005BAL45"/>
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      <invstOrSec>
        <name>Mitsubishi Estate Co Ltd</name>
        <lei>353800KOFMRGOXSJ5Z65</lei>
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          <isin value="JP3899600005"/>
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      <invstOrSec>
        <name>Invitation Homes Inc</name>
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        <title>Invitation Homes, Inc.</title>
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      <invstOrSec>
        <name>Bmo Mortgage Trust</name>
        <lei>N/A</lei>
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          <isin value="US09660SAC44"/>
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      <invstOrSec>
        <name>Crown Castle Inc</name>
        <lei>54930012H97VSM0I2R19</lei>
        <title>Crown Castle, Inc.</title>
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          <isin value="US22822V1017"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Comm Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Commercial Mortgage Trust</title>
        <cusip>200474BH6</cusip>
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          <isin value="US200474BH60"/>
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      <invstOrSec>
        <name>Ventas Inc</name>
        <lei>ORQTRC074CWLT3DKHT41</lei>
        <title>Ventas, Inc.</title>
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        <name>Mercialys Sa</name>
        <lei>969500081CGAXB7YS433</lei>
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          <isin value="FR0010241638"/>
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        <invCountry>FR</invCountry>
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        <name>Vornado Realty Trust</name>
        <lei>N/A</lei>
        <title>Vornado Realty Trust</title>
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        <name>Cantor Commercial Real Estate Lending</name>
        <lei>N/A</lei>
        <title>Cantor Commercial Real Estate Lending 2019-CF2</title>
        <cusip>12528YAL7</cusip>
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      <invstOrSec>
        <name>Benchmark Mortgage Trust</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Jp Morgan Chase Commercial Mortgage Sec Trust</name>
        <lei>N/A</lei>
        <title>JPMorgan Chase Commercial Mortgage Securities Trust</title>
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      <invstOrSec>
        <name>Citigroup Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Citigroup Commercial Mortgage Trust 2019-GC43</title>
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      <invstOrSec>
        <name>Citigroup Commercial Mortgage Trust</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Ck Asset Holdings Ltd</name>
        <lei>5299006GJZSGP78B8S35</lei>
        <title>CK Asset Holdings, Ltd.</title>
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        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>Gaming And Leisure Properties Inc</name>
        <lei>5493006GWRDBCZYWTM57</lei>
        <title>Gaming and Leisure Properties, Inc.</title>
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      </invstOrSec>
      <invstOrSec>
        <name>Comm Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Commercial Mortgage Trust</title>
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          <isin value="US20048EAE14"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Bmo Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BMO 2023-C4 Mortgage Trust</title>
        <cusip>05610CAP9</cusip>
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          <isin value="US05610CAP95"/>
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      </invstOrSec>
      <invstOrSec>
        <name>British Land Co Plc/the</name>
        <lei>RV5B68J2GV3QGMRPW209</lei>
        <title>British Land Co. PLC</title>
        <cusip>G15540118</cusip>
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          <isin value="GB0001367019"/>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Legends Outlets (kansas City, Ks) Mortgage Secured Pass-through Trust</name>
        <lei>N/A</lei>
        <title>MES01 G</title>
        <cusip>524947AF5</cusip>
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          <isin value="US524947AF57"/>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Msrw Pass-through Trust</name>
        <lei>N/A</lei>
        <title>MSRW 2026-FAYM Pass-Through Trust</title>
        <cusip>55361CAE0</cusip>
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          <isin value="US55361CAE03"/>
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        <balance>2000000.00000000</balance>
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          <maturityDt>2031-05-15</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Smartstop Self Storage Reit Inc</name>
        <lei>549300EC266625K12S42</lei>
        <title>Smartstop Self Storage REIT, Inc.</title>
        <cusip>83192D402</cusip>
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          <isin value="US83192D4025"/>
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        <balance>19788.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2025-5C3</title>
        <cusip>95004JAJ3</cusip>
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          <isin value="US95004JAJ34"/>
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        <balance>32613000.00000000</balance>
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          <maturityDt>2058-01-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust</title>
        <cusip>95003MBU1</cusip>
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          <isin value="US95003MBU18"/>
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        <balance>45827000.00000000</balance>
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          <maturityDt>2055-04-15</maturityDt>
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          <annualizedRt>0.04700000</annualizedRt>
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      <invstOrSec>
        <name>Bank</name>
        <lei>N/A</lei>
        <title>BANK 2020-BNK25</title>
        <cusip>06539WAE6</cusip>
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          <isin value="US06539WAE66"/>
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        <balance>3000000.00000000</balance>
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          <maturityDt>2030-02-15</maturityDt>
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      <invstOrSec>
        <name>National Health Investors Inc</name>
        <lei>549300ZPKZIG6DKDEC02</lei>
        <title>National Health Investors, Inc.</title>
        <cusip>63633D104</cusip>
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          <isin value="US63633D1046"/>
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        <balance>5847.00000000</balance>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ctp Nv</name>
        <lei>3157000YTVO4TN65UM14</lei>
        <title>CTP NV</title>
        <cusip>N/A</cusip>
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          <isin value="NL00150006R6"/>
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        <invCountry>NL</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Barclays Commercial Mortgage Securities Llc</name>
        <lei>N/A</lei>
        <title>BBCMS Mortgage Trust 2024-C24</title>
        <cusip>07336VAG6</cusip>
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          <isin value="US07336VAG68"/>
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        <balance>2125000.00000000</balance>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Merlin Properties Socimi Sa</name>
        <lei>959800L8KD863DP30X04</lei>
        <title>Merlin Properties Socimi SA</title>
        <cusip>N/A</cusip>
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          <isin value="ES0105025003"/>
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        <balance>18209.00000000</balance>
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        <invCountry>ES</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Benchmark Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark 2022-B36 Mortgage Trust</title>
        <cusip>08163QAA6</cusip>
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          <isin value="US08163QAA67"/>
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          <maturityDt>2032-05-15</maturityDt>
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      <invstOrSec>
        <name>Digital Realty Trust Inc</name>
        <lei>549300HKCZ31D08NEI41</lei>
        <title>Digital Realty Trust, Inc.</title>
        <cusip>253868103</cusip>
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      <invstOrSec>
        <name>Sumitomo Realty &amp; Development Co Ltd</name>
        <lei>353800SO2DCLOI3LNZ64</lei>
        <title>Sumitomo Realty &amp; Development Co., Ltd.</title>
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        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>Frontview Reit Inc</name>
        <lei>N/A</lei>
        <title>FrontView REIT, Inc.</title>
        <cusip>35922N100</cusip>
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      <invstOrSec>
        <name>Prologis Inc</name>
        <lei>529900DFH19P073LZ636</lei>
        <title>Prologis, Inc.</title>
        <cusip>74340W103</cusip>
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        <balance>6087.00000000</balance>
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      <invstOrSec>
        <name>Bank</name>
        <lei>N/A</lei>
        <title>BANK 2020-BNK25</title>
        <cusip>06539WAC0</cusip>
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          <isin value="US06539WAC01"/>
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        <balance>1250000.00000000</balance>
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      <invstOrSec>
        <name>Americold Realty Trust Inc</name>
        <lei>894500O3S3W62PQPO460</lei>
        <title>Americold Realty Trust</title>
        <cusip>03064D108</cusip>
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          <isin value="US03064D1081"/>
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        <balance>20000.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bx Trust</name>
        <lei>N/A</lei>
        <title>BX 2025-BIO3 Mortgage Trust</title>
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      <invstOrSec>
        <name>Iron Mountain Inc</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
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      <invstOrSec>
        <name>Barclays Commercial Mortgage Securities Llc</name>
        <lei>N/A</lei>
        <title>BBCMS Mortgage Trust 2026-5C40</title>
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          <isin value="US05557AAR41"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Capitaland Investment Ltd/singapore</name>
        <lei>254900AT4UQDU7SNXX49</lei>
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          <isin value="SGXE62145532"/>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Benchmark Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark 2019-B15 Mortgage Trust</title>
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          <isin value="US08160KAK07"/>
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          <maturityDt>2029-12-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Centuria Capital Group</name>
        <lei>N/A</lei>
        <title>Centuria Capital Group</title>
        <cusip>N/A</cusip>
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          <isin value="AU0000475907"/>
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        <balance>55202.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Benchmark Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark 2023-B40 Mortgage Trust</title>
        <cusip>08163WAX3</cusip>
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          <isin value="US08163WAX39"/>
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        <balance>4000000.00000000</balance>
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      <invstOrSec>
        <name>Ui Boustead Reit</name>
        <lei>N/A</lei>
        <title>UI Boustead REIT</title>
        <cusip>N/A</cusip>
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          <isin value="SGXC15458703"/>
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        <balance>784100.00000000</balance>
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        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2025-5C5</title>
        <cusip>95004MAJ6</cusip>
        <identifiers>
          <isin value="US95004MAJ62"/>
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        <balance>21800000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
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          <maturityDt>2058-07-15</maturityDt>
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          <annualizedRt>2.46700000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hongkong Land Holdings Ltd</name>
        <lei>213800XCHYNRPAYGXW28</lei>
        <title>Hongkong Land Holdings, Ltd.</title>
        <cusip>G4587L109</cusip>
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          <isin value="BMG4587L1090"/>
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        <balance>45800.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Warehouses De Pauw Cva</name>
        <lei>549300HWDYC5JXC85138</lei>
        <title>Warehouses De Pauw CVA</title>
        <cusip>N/A</cusip>
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          <isin value="BE0974349814"/>
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        <balance>19640.00000000</balance>
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        <invCountry>BE</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Eastgroup Properties Inc</name>
        <lei>31TIGQQZC4P6JMHKSW85</lei>
        <title>EastGroup Properties, Inc.</title>
        <cusip>277276101</cusip>
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          <isin value="US2772761019"/>
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        <balance>2992.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Centuria Capital Group</name>
        <lei>N/A</lei>
        <title>Centuria Capital Group</title>
        <cusip>N/A</cusip>
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          <isin value="AU000000CNI5"/>
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        <balance>202313.00000000</balance>
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        <invCountry>AU</invCountry>
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      <invstOrSec>
        <name>Kilroy Realty Corp</name>
        <lei>549300CXXI18B214UN80</lei>
        <title>Kilroy Realty Corp.</title>
        <cusip>49427F108</cusip>
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      <invstOrSec>
        <name>Saul Centers Inc</name>
        <lei>N/A</lei>
        <title>Saul Centers, Inc.</title>
        <cusip>804395101</cusip>
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          <isin value="US8043951016"/>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Welltower Inc</name>
        <lei>254900F33BIAR82QTA19</lei>
        <title>Welltower, Inc.</title>
        <cusip>95040Q104</cusip>
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      <invstOrSec>
        <name>Comm Mortgage Trust</name>
        <lei>N/A</lei>
        <title>COMM 2025-167G Mortgage Trust</title>
        <cusip>12674VAC5</cusip>
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          <isin value="US12674VAC54"/>
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        <name>Extra Space Storage Inc</name>
        <lei>529900SDJHKRQWED6A16</lei>
        <title>Extra Space Storage, Inc.</title>
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      <invstOrSec>
        <name>Pro Real Estate Investment Trust</name>
        <lei>N/A</lei>
        <title>PRO Real Estate Investment Trust</title>
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      <invstOrSec>
        <name>Comm Mortgage Trust</name>
        <lei>N/A</lei>
        <title>COMM 2014-UBS5 Mortgage Trust</title>
        <cusip>12592KAG9</cusip>
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      <invstOrSec>
        <name>Japan Metropolitan Fund Invest</name>
        <lei>353800QDHNIP60E1LQ93</lei>
        <title>Japan Retail Fund Investment Corp.</title>
        <cusip>651334906</cusip>
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      <invstOrSec>
        <name>Morgan Stanley Capital I Trust</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Capital I Trust 2020-L4</title>
        <cusip>61770KBB0</cusip>
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          <isin value="US61770KBB08"/>
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        <balance>541000.00000000</balance>
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      <invstOrSec>
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        <lei>N/A</lei>
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      <invstOrSec>
        <name>Goodman Group</name>
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      <invstOrSec>
        <name>Ubs Commercial Mortgage Trust</name>
        <lei>N/A</lei>
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          <isin value="US90278MAG24"/>
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      <invstOrSec>
        <name>Barclays Commercial Mortgage Securities Llc</name>
        <lei>N/A</lei>
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          <isin value="US05555AAL98"/>
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      <invstOrSec>
        <name>Safestore Holdings Plc</name>
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      <invstOrSec>
        <name>Healthpeak Properties Inc</name>
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        <title>Healthpeak Properties, Inc.</title>
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          <isin value="US42250P1030"/>
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        <name>American Homes 4 Rent</name>
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        <title>American Homes 4 Rent</title>
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        <name>State Street Institutional Treasury Plus Money Market Fund</name>
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        <name>CHARTWELL RETIREMENT RESIDENCES</name>
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      <invstOrSec>
        <name>Barclays Commercial Mortgage Securities Llc</name>
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          <isin value="US07337AAX46"/>
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        <name>Aims Apac Reit</name>
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        <title>AIMS AMP Capital Industrial REIT</title>
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        <name>Centurion Accommodation Reit</name>
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          <ticker value="CAREITSP"/>
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        <name>Jpmbb Commercial Mortgage Securities Trust</name>
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        <title>JPMorgan Chase Commercial Mortgage Securities Trust</title>
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        <name>Qualitas Real Estate Income Fund</name>
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        <name>Bmo 2022-c1 Mortgage Trust</name>
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        <name>Morgan Stanley Baml Trust</name>
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        <name>Essex Property Trust Inc</name>
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        <name>Sun Communities Inc</name>
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        <name>Bmo Mortgage Trust</name>
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        <title>BMO 2024-C9 Mortgage Trust</title>
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        <name>Bank</name>
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        <name>Equinix Inc</name>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust</name>
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        <name>Rexford Industrial Realty Inc</name>
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      <invstOrSec>
        <name>Benchmark Mortgage Trust</name>
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        <name>Brandywine Realty Trust</name>
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      <invstOrSec>
        <name>Nyc Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>NYC Commercial Mortgage Trust 2025-28L</title>
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        <name>Msrw Pass-through Trust</name>
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        <title>MSRW 2026-CHICOS Pass-Through Trust</title>
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          <isin value="US553610AE61"/>
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        <isRestrictedSec>Y</isRestrictedSec>
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      <invstOrSec>
        <name>Janus Living Inc</name>
        <lei>2549003JCIOFKGHO7313</lei>
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        <name>Link Reit</name>
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        <name>Nexus Industrial Reit</name>
        <lei>549300VXQ93JIP08X629</lei>
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        <name>Dream Industrial Real Estate Investment Trust</name>
        <lei>549300QOI0TM3CBYUH79</lei>
        <title>Dream Industrial Real Estate Investment Trust</title>
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        <name>Barclays Commercial Mortgage Securities Llc</name>
        <lei>N/A</lei>
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        <name>Morgan Stanley Capital I Trust</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Capital I Trust 2019-H6</title>
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        <name>Unite Group Plc/the</name>
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        <name>Bank</name>
        <lei>N/A</lei>
        <title>BANK 2021-BNK35</title>
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        <name>Citigroup Commercial Mortgage Trust</name>
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        <title>Citigroup Commercial Mortgage Trust 2019-GC41</title>
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        <name>Go Residential Real Estate Investment Trust</name>
        <lei>254900BOSTNQM0TQXR30</lei>
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        <name>Citigroup Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Citigroup Commercial Mortgage Trust 2019-C7</title>
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        <name>Hang Lung Properties Ltd</name>
        <lei>529900CIVTNMXQT59E61</lei>
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        <name>Stoneweg Europe Stapled Trust</name>
        <lei>21380093RFHTC319NL93</lei>
        <title>Stoneweg Europe Stapled Trust</title>
        <cusip>N/A</cusip>
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        <pctVal>0.558904255317</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank</name>
        <lei>N/A</lei>
        <title>BANK 2021-BNK35</title>
        <cusip>06540CAL1</cusip>
        <identifiers>
          <isin value="US06540CAL19"/>
        </identifiers>
        <balance>1700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>921974.26000000</valUSD>
        <pctVal>1.244876734363</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.66400000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Qualitas Ltd</name>
        <lei>2549005JQVQTPOP6VJ81</lei>
        <title>Qualitas, Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000195265"/>
        </identifiers>
        <balance>47681.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.42116000"/>
        <valUSD>101658.81000000</valUSD>
        <pctVal>0.137262712097</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sekisui House Reit Inc</name>
        <lei>N/A</lei>
        <title>Sekisui House Reit, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3047820000"/>
        </identifiers>
        <balance>791.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.10500000"/>
        <valUSD>376844.22000000</valUSD>
        <pctVal>0.508826137898</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-08-30</ncom:dateSigned>
      <ncom:nameOfApplicant>PRINCIPAL REAL ESTATE INCOME FUND</ncom:nameOfApplicant>
      <ncom:signature>Erich Rettinger</ncom:signature>
      <ncom:signerName>Erich Rettinger</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
