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 29,250 706,700 SH   SOLE   706,700 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 14,349 327,000 SH   SOLE   327,000 0 0
AVALONBAY CMNTYS INC COM 053484101 83,022 477,000 SH   SOLE   477,000 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 2,430 188,800 SH   SOLE   188,800 0 0
BRIXMOR PPTY GROUP INC COM 11120U105 33,302 2,267,000 SH   SOLE   2,267,000 0 0
BROOKFIELD PROPERTY REIT INC CL A 11282X103 12,722 790,168 SH   SOLE   790,168 0 0
COLUMBIA PPTY TR INC COM NEW 198287203 14,127 730,100 SH   SOLE   730,100 0 0
CUBESMART COM 229663109 23,405 815,800 SH   SOLE   815,800 0 0
DIGITAL RLTY TR INC COM 253868103 53,211 499,400 SH   SOLE   499,400 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 12,501 128,700 SH   SOLE   128,700 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 2,159 32,700 SH   SOLE   32,700 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 25,095 212,600 SH   SOLE   212,600 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 2,863 88,600 SH   SOLE   88,600 0 0
HEALTHCARE RLTY TR COM 421946104 1,522 53,500 SH   SOLE   53,500 0 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 35,068 1,385,542 SH   SOLE   1,385,542 0 0
HIGHWOODS PPTYS INC COM 431284108 2,287 59,100 SH   SOLE   59,100 0 0
HUDSON PAC PPTYS INC COM 444097109 53,203 1,830,800 SH   SOLE   1,830,800 0 0
INVITATION HOMES INC COM 46187W107 34,570 1,721,600 SH   SOLE   1,721,600 0 0
KIMCO RLTY CORP COM 49446R109 1,348 92,000 SH   SOLE   92,000 0 0
KITE RLTY GROUP TR COM NEW 49803T300 2,123 150,700 SH   SOLE   150,700 0 0
LIBERTY PPTY TR SH BEN INT 531172104 1,089 26,000 SH   SOLE   26,000 0 0
MACERICH CO COM 554382101 43,206 998,300 SH   SOLE   998,300 0 0
PARAMOUNT GROUP INC COM 69924R108 53,553 4,263,800 SH   SOLE   4,263,800 0 0
PENNSYLVANIA RL ESTATE INVT SH BEN INT 709102107 15,557 2,619,000 SH   SOLE   2,619,000 0 0
PROLOGIS INC COM 74340W103 77,963 1,327,700 SH   SOLE   1,327,700 0 0
SITE CENTERS CORP COM 82981J109 1,176 95,750 SH   SOLE   95,750 0 0
SL GREEN RLTY CORP COM 78440X101 10,359 131,000 SH   SOLE   131,000 0 0
STORE CAP CORP COM 862121100 2,310 81,600 SH   SOLE   81,600 0 0
VENTAS INC COM 92276F100 3,603 61,500 SH   SOLE   61,500 0 0
W P CAREY INC COM 92936U109 2,124 32,500 SH   SOLE   32,500 0 0
WELLTOWER INC COM 95040Q104 42,819 616,900 SH   SOLE   616,900 0 0