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 1,022 23,900 SH   SOLE   23,900 0 0
AMERICOLD RLTY TR COM 03064D108 26,236 702,800 SH   SOLE   702,800 0 0
APARTMENT INCOME REIT CORP COM 03750L109 10,759 280,109 SH   SOLE   280,109 0 0
APARTMENT INVT & MGMT CO CL A 03748R747 1,476 279,609 SH   SOLE   279,609 0 0
AVALONBAY CMNTYS INC COM 053484101 47,134 293,800 SH   SOLE   293,800 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 5,520 463,500 SH   SOLE   463,500 0 0
BRIXMOR PPTY GROUP INC COM 11120U105 40,294 2,434,700 SH   SOLE   2,434,700 0 0
CAMDEN PPTY TR SH BEN INT 133131102 50,260 503,000 SH   SOLE   503,000 0 0
COLUMBIA PPTY TR INC COM NEW 198287203 1,030 71,800 SH   SOLE   71,800 0 0
CORESITE RLTY CORP COM 21870Q105 6,264 50,000 SH   SOLE   50,000 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 3,333 127,800 SH   SOLE   127,800 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 1,361 8,550 SH   SOLE   8,550 0 0
CUBESMART COM 229663109 16,556 492,600 SH   SOLE   492,600 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301 10,531 1,276,425 SH   SOLE   1,276,425 0 0
DIGITAL RLTY TR INC COM 253868103 47,827 342,820 SH   SOLE   342,820 0 0
DUKE REALTY CORP COM NEW 264411505 9,849 246,400 SH   SOLE   246,400 0 0
EASTERLY GOVT PPTYS INC COM 27616P103 1,031 45,500 SH   SOLE   45,500 0 0
EPR PPTYS COM SH BEN INT 26884U109 2,649 81,500 SH   SOLE   81,500 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 38,295 604,400 SH   SOLE   604,400 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 3,960 66,800 SH   SOLE   66,800 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 3,663 86,383 SH   SOLE   86,383 0 0
HEALTHCARE RLTY TR COM 421946104 784 26,500 SH   SOLE   26,500 0 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 11,404 414,100 SH   SOLE   414,100 0 0
HEALTHPEAK PROPERTIES INC COM 42250P103 4,036 133,500 SH   SOLE   133,500 0 0
HIGHWOODS PPTYS INC COM 431284108 5,354 135,100 SH   SOLE   135,100 0 0
HUDSON PAC PPTYS INC COM 444097109 46,877 1,951,600 SH   SOLE   1,951,600 0 0
INVITATION HOMES INC COM 46187W107 51,622 1,738,100 SH   SOLE   1,738,100 0 0
KITE RLTY GROUP TR COM NEW 49803T300 748 50,000 SH   SOLE   50,000 0 0
LIFE STORAGE INC COM 53223X107 3,791 31,750 SH   SOLE   31,750 0 0
NATIONAL RETAIL PROPERTIES I COM 637417106 1,097 26,800 SH   SOLE   26,800 0 0
PARAMOUNT GROUP INC COM 69924R108 32,244 3,566,800 SH   SOLE   3,566,800 0 0
PIEDMONT OFFICE REALTY TR IN COM CL A 720190206 2,891 178,100 SH   SOLE   178,100 0 0
PROLOGIS INC. COM 74340W103 73,958 742,100 SH   SOLE   742,100 0 0
REGENCY CTRS CORP COM 758849103 2,799 61,400 SH   SOLE   61,400 0 0
RETAIL PPTYS AMER INC CL A 76131V202 12,567 1,468,100 SH   SOLE   1,468,100 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 16,027 922,700 SH   SOLE   922,700 0 0
SIMON PPTY GROUP INC NEW COM 828806109 2,874 33,700 SH   SOLE   33,700 0 0
SITE CTRS CORP COM 82981J109 481 47,500 SH   SOLE   47,500 0 0
SL GREEN RLTY CORP COM 78440X101 11,559 194,000 SH   SOLE   194,000 0 0
STORE CAP CORP COM 862121100 1,081 31,800 SH   SOLE   31,800 0 0
VENTAS INC COM 92276F100 3,703 75,500 SH   SOLE   75,500 0 0
VICI PPTYS INC COM 925652109 1,619 63,500 SH   SOLE   63,500 0 0
WELLTOWER INC COM 95040Q104 32,029 495,650 SH   SOLE   495,650 0 0
WP CAREY INC COM 92936U109 29,580 419,100 SH   SOLE   419,100 0 0