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
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
ACADIA RLTY TR COM SH BEN INT 004239109 28,872 883,462 SH   SOLE   883,462 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 94,694 852,102 SH   SOLE   845,202 0 6,900
AMERICAN CAMPUS CMNTYS INC COM 024835100 41,917 842,215 SH   SOLE   842,215 0 0
AMERICAN TOWER CORP NEW COM 03027X100 28,789 272,415 SH   SOLE   272,415 0 0
BOSTON PROPERTIES INC COM 101121101 47,418 376,993 SH   SOLE   376,993 0 0
BRIXMOR PPTY GROUP INC COM 11120U105 48,427 1,983,076 SH   SOLE   1,983,076 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301 70,059 6,076,246 SH   SOLE   6,076,246 0 0
DOUGLAS EMMETT INC COM 25960P109 68,985 1,886,900 SH   SOLE   1,886,900 0 0
EMPIRE ST RLTY TR INC CL A 292104106 98,188 4,863,178 SH   SOLE   4,863,178 0 0
EQUINIX INC COM PAR $0.001 29444U700 138,794 388,332 SH   SOLE   378,305 0 10,027
EQUITY COMWLTH COM SH BEN INT 294628102 66,842 2,210,387 SH   SOLE   2,210,387 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 83,815 1,162,484 SH   SOLE   1,162,484 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 10,228 158,915 SH   SOLE   158,915 0 0
ESSEX PPTY TR INC COM 297178105 68,529 294,748 SH   SOLE   294,748 0 0
GENERAL GROWTH PPTYS INC NEW COM 370023103 125,946 5,041,891 SH   SOLE   5,041,891 0 0
INTERXION HOLDING N.V SHS N47279109 41,323 1,178,311 SH   SOLE   1,178,311 0 0
KILROY RLTY CORP COM 49427F108 124,845 1,705,065 SH   SOLE   1,705,065 0 0
PROLOGIS INC COM 74340W103 150,226 2,845,731 SH   SOLE   2,845,731 0 0
PUBLIC STORAGE COM 74460D109 78,639 351,853 SH   SOLE   351,853 0 0
SIMON PPTY GROUP INC NEW COM 828806109 132,229 744,241 SH   SOLE   744,241 0 0
TERRENO RLTY CORP COM 88146M101 35,991 1,263,281 SH   SOLE   1,263,281 0 0
URBAN EDGE PPTYS COM 91704F104 25,883 940,849 SH   SOLE   940,849 0 0
VENTAS INC COM 92276F100 42,905 686,267 SH   SOLE   686,267 0 0
WASHINGTON REAL ESTATE INVT SH BEN INT 939653101 57,843 1,769,455 SH   SOLE   1,769,455 0 0