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
AMERICAN CAMPUS CMNTYS INC COM 024835100 33,541 814,900 SH   SOLE   814,900 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 15,441 349,900 SH   SOLE   349,900 0 0
AVALONBAY CMNTYS INC COM 053484101 87,423 482,600 SH   SOLE   482,600 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 3,012 191,600 SH   SOLE   191,600 0 0
BRIXMOR PPTY GROUP INC COM 11120U105 42,507 2,427,600 SH   SOLE   2,427,600 0 0
BROOKFIELD PROPERTY REIT INC CL A 11282X103 18,642 890,668 SH   SOLE   890,668 0 0
COLUMBIA PPTY TR INC COM NEW 198287203 16,515 698,600 SH   SOLE   698,600 0 0
CUBESMART COM 229663109 23,566 826,000 SH   SOLE   826,000 0 0
DDR CORP COM 23317H854 1,321 98,650 SH   SOLE   98,650 0 0
DIGITAL RLTY TR INC COM 253868103 56,881 505,700 SH   SOLE   505,700 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 2,140 32,300 SH   SOLE   32,300 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 24,560 194,200 SH   SOLE   194,200 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 3,180 90,200 SH   SOLE   90,200 0 0
HEALTHCARE RLTY TR COM 421946104 1,589 54,300 SH   SOLE   54,300 0 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 37,451 1,404,242 SH   SOLE   1,404,242 0 0
HUDSON PAC PPTYS INC COM 444097109 60,529 1,849,900 SH   SOLE   1,849,900 0 0
INVITATION HOMES INC COM 46187W107 49,758 2,171,900 SH   SOLE   2,171,900 0 0
KIMCO RLTY CORP COM 49446R109 1,503 89,800 SH   SOLE   89,800 0 0
KITE RLTY GROUP TR COM NEW 49803T300 2,537 152,400 SH   SOLE   152,400 0 0
LIBERTY PPTY TR SH BEN INT 531172104 1,115 26,400 SH   SOLE   26,400 0 0
MACERICH CO COM 554382101 1,891 34,200 SH   SOLE   34,200 0 0
PARAMOUNT GROUP INC COM 69924R108 64,978 4,306,000 SH   SOLE   4,306,000 0 0
PENNSYLVANIA RL ESTATE INVT SH BEN INT 709102107 26,674 2,819,700 SH   SOLE   2,819,700 0 0
PROLOGIS INC COM 74340W103 94,601 1,395,500 SH   SOLE   1,395,500 0 0
SIMON PPTY GROUP INC NEW COM 828806109 49,614 280,700 SH   SOLE   280,700 0 0
SL GREEN RLTY CORP COM 78440X101 12,776 131,000 SH   SOLE   131,000 0 0
STORE CAP CORP COM 862121100 2,304 82,900 SH   SOLE   82,900 0 0
VENTAS INC COM 92276F100 3,497 64,300 SH   SOLE   64,300 0 0
WELLTOWER INC COM 95040Q104 42,213 656,300 SH   SOLE   656,300 0 0