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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AES Corporation COM 00130H105   54,295,440 2,254,794 SH   DFND 1 1,899,454 0 355,340
Alerian MLP ETF COM 00162Q452   8,050,022 208,280 SH   SOLE   208,280 0 0
Alexandria Real Estate Equitie COM 015271109   140,335,522 1,117,410 SH   DFND 1 820,004 0 297,406
ALLETE, Inc. COM 018522300   36,292,900 563,817 SH   DFND 1 561,924 0 1,893
Alliant Energy Corporation COM 018802108   9,382,487 175,702 SH   SOLE   30,084 0 145,618
Ameren Corp. COM 023608102   109,263,653 1,264,772 SH   DFND 1 1,079,071 0 185,701
American Electric Power Co. In COM 025537101   95,614,112 1,050,820 SH   DFND 1 906,262 0 144,558
American Homes 4 Rent COM 02665T306   5,746,859 182,730 SH   SOLE   0 0 182,730
American Tower Corp. COM 03027X100   198,168,932 969,800 SH   DFND 1 836,001 0 133,799
American Water Works Co. COM 030420103   547,726 3,739 SH   SOLE   0 0 3,739
Americold Realty Trust COM 03064D108   26,075,762 916,547 SH   DFND 1 628,080 0 288,467
Apartment Income REIT Co COM 03750L109   76,304,091 2,130,804 SH   DFND 1 1,681,510 0 449,294
AvalonBay Communities Inc. COM 053484101   37,037,063 220,380 SH   SOLE   138,979 0 81,401
Boston Properties Inc. COM 101121101   3,819,303 70,571 SH   SOLE   0 0 70,571
Brandywine Realty Trust SBI COM 105368203   1,684,140 356,055 SH   SOLE   0 0 356,055
Brixmor Property Group COM 11120U105   37,751,718 1,754,262 SH   DFND 1 1,243,656 0 510,606
Broadstone Net Lease Inc COM 11135E203   46,381,592 2,726,725 SH   DFND 1 2,291,789 0 434,936
Brookfield Infrastructure Part COM G16252101   14,757,456 436,999 SH   DFND 1 436,999 0 0
Camden Property Trust COM 133131102   43,267,887 412,704 SH   DFND 1 281,296 0 131,408
Cheniere Energy Inc. COM 16411R208   56,980,438 361,551 SH   DFND 1 359,553 0 1,998
Clearway Energy Inc. Class C COM 18539C204   18,003,972 574,656 SH   DFND 1 574,656 0 0
CMS Energy Corporation COM 125896100   75,916,012 1,236,820 SH   DFND 1 1,047,488 0 189,332
Constellation Energy Corp COM 21037T109   29,844,052 380,179 SH   DFND 1 321,332 0 58,847
Corporate Office Properties Tr COM 22002T108   1,307,180 55,132 SH   SOLE   0 0 55,132
Cousins Properties Inc. COM 222795502   1,508,445 70,554 SH   SOLE   0 0 70,554
Crown Castle Inc COM 22822V101   184,293,799 1,376,971 SH   DFND 1 1,265,327 0 111,644
CSX Corporation COM 126408103   55,777,082 1,862,962 SH   DFND 1 1,559,865 0 303,097
CubeSmart COM 229663109   153,129,679 3,313,061 SH   DFND 1 2,590,118 0 722,943
Diamondrock Hospitality COM 252784301   21,985,658 2,704,263 SH   DFND 1 2,168,553 0 535,710
Digital Realty Trust Inc. COM 253868103   77,719,560 790,556 SH   DFND 1 481,795 0 308,761
Dominion Energy Inc. COM 25746U109   20,658,410 369,494 SH   DFND 1 369,494 0 0
ELME Communities COM 939653101   1,491,453 83,508 SH   SOLE   83,508 0 0
Empire State Realty Trust Inc. COM 292104106   97,350 15,000 SH   SOLE   0 0 15,000
Enbridge Inc COM 29250N105   1,487,163 38,982 SH   DFND 1 38,982 0 0
EPR Properties COM 26884U109   13,499,097 354,307 SH   DFND 1 185,524 0 168,783
Equinix Inc COM 29444U700   394,200,499 546,711 SH   DFND 1 456,831 0 89,880
Equity Lifestyle Properties COM 29472R108   4,252,618 63,349 SH   SOLE   0 0 63,349
Equity Residential COM 29476L107   10,879,800 181,330 SH   SOLE   0 0 181,330
Essex Property Trust Inc. COM 297178105   89,868,922 429,707 SH   DFND 1 340,763 0 88,944
Extra Space Storage Inc. COM 30225T102   18,298,342 112,308 SH   SOLE   0 0 112,308
Federal Realty Investment Trus COM 313745101   5,428,633 54,929 SH   SOLE   0 0 54,929
First Industrial Realty Trust COM 32054K103   2,299,623 43,226 SH   SOLE   43,226 0 0
FirstEnergy Corp. COM 337932107   37,201,759 928,651 SH   DFND 1 797,013 0 131,638
Four Corners Property Trust COM 35086T109   33,434,495 1,244,769 SH   DFND 1 812,177 0 432,592
Healthcare Realty Trust Inc COM 42226K105   12,885,765 666,620 SH   SOLE   666,620 0 0
Healthpeak Properties Inc. COM 42250P103   84,226,894 3,833,723 SH   DFND 1 2,412,109 0 1,421,614
Highwoods Properties Inc. COM 431284108   1,178,864 50,835 SH   SOLE   0 0 50,835
Hilton Worldwide Holdings Inc. COM 43300A203   22,094,614 156,844 SH   DFND 1 135,159 0 21,685
Host Hotels & Resorts Inc. COM 44107P104   522,436 31,682 SH   SOLE   31,682 0 0
Hudson Pacific Properties COM 444097109   3,120,652 469,271 SH   SOLE   454,631 0 14,640
Hyatt Hotels Corp. - Cl A COM 448579102   11,474,908 102,647 SH   SOLE   89,455 0 13,192
Independence Realty Trust Inc COM 45378A106   42,972,022 2,680,725 SH   DFND 1 2,052,360 0 628,365
Inventrust Properties Corp COM 46124J201   777,231 33,215 SH   SOLE   0 0 33,215
Invitation Homes Inc COM 46187W107   153,052,296 4,900,810 SH   DFND 1 3,682,074 0 1,218,736
JBG Smith Properties COM 46590V100   846,071 56,180 SH   SOLE   0 0 56,180
Kilroy Realty Corp. COM 49427F108   1,876,964 57,931 SH   SOLE   0 0 57,931
Kimco Realty Corp. COM 49446R109   5,804,648 297,217 SH   SOLE   0 0 297,217
Kite Realty Group Trust COM 49803T300   22,327,770 1,067,293 SH   DFND 1 581,307 0 485,986
Life Storage Inc COM 53223X107   125,224,509 955,256 SH   DFND 1 675,811 0 279,445
LXP Industrial Trust COM 529043101   1,437,162 139,395 SH   SOLE   0 0 139,395
Macerich Co. COM 554382101   18,774,148 1,771,146 SH   DFND 1 1,169,189 0 601,957
Medical Properties Trust COM 58463J304   6,987,822 850,100 SH   DFND 1 850,100 0 0
Mid-America Apt. Comm. COM 59522J103   35,991,775 238,293 SH   SOLE   115,671 0 122,622
National Storage Affiliates Tr COM 637870106   20,064,553 480,243 SH   SOLE   480,243 0 0
Netstreit Corp COM 64119V303   25,318,915 1,385,061 SH   DFND 1 1,043,138 0 341,923
NexPoint Residential Trust, In COM 65341D102   12,890,292 295,175 SH   DFND 1 216,031 0 79,144
Nextera Energy Inc COM 65339F101   182,366,809 2,365,942 SH   DFND 1 2,006,783 0 359,159
NextEra Energy Partners LP COM 65341B106   35,518,581 584,668 SH   DFND 1 489,683 0 94,985
NiSource Inc. COM 65473P105   46,135,454 1,650,052 SH   DFND 1 1,333,450 0 316,602
NNN REIT Inc. COM 637417106   23,842,545 540,035 SH   SOLE   468,170 0 71,865
OGE Energy Corp. COM 670837103   69,869,506 1,855,271 SH   DFND 1 1,848,672 0 6,599
ONEOK Inc. COM 682680103   19,358,986 304,674 SH   DFND 1 304,674 0 0
Paramount Group Inc COM 69924R108   357,057 78,302 SH   SOLE   0 0 78,302
Park Hotels & Resorts Inc COM 700517105   44,477,250 3,598,483 SH   DFND 1 2,900,331 0 698,152
Pebblebrook Hotel Trust COM 70509V100   15,914,242 1,133,493 SH   SOLE   1,049,626 0 83,867
Pembina Pipeline Corp COM 706327103   775,105 23,923 SH   DFND 1 23,923 0 0
Piedmont Office Realty Trust I COM 720190206   5,615,489 769,245 SH   SOLE   696,892 0 72,353
PPL Corp. COM 69351T106   73,206,558 2,634,277 SH   DFND 1 2,619,442 0 14,835
ProLogis Inc. COM 74340W103   374,132,078 2,998,574 SH   DFND 1 2,095,473 0 903,101
Public Service Enterprise Grou COM 744573106   106,805,612 1,710,258 SH   DFND 1 1,419,774 0 290,484
Public Storage COM 74460D109   185,175,261 612,879 SH   DFND 1 439,168 0 173,711
Realty Income Corp COM 756109104   22,587,447 356,719 SH   SOLE   7,849 0 348,870
Regency Centers Corporation COM 758849103   17,943,299 293,287 SH   DFND 1 140,654 0 152,633
Retail Opportunity Investments COM 76131N101   26,968,026 1,931,807 SH   DFND 1 1,688,718 0 243,089
Rexford Industrial Realty, Inc COM 76169C100   140,209,950 2,350,544 SH   DFND 1 1,893,240 0 457,304
RLJ Lodging Trust COM 74965L101   1,407,500 132,783 SH   SOLE   132,783 0 0
SBA Communications Corp. COM 78410G104   3,444,035 13,192 SH   SOLE   2,250 0 10,942
Sempra Energy COM 816851109   88,009,736 582,229 SH   DFND 1 472,638 0 109,591
Simon Property Group Inc. COM 828806109   254,835,546 2,275,927 SH   DFND 1 1,660,402 0 615,525
Site Centers Corp COM 82981J109   1,519,920 123,772 SH   SOLE   0 0 123,772
Southern Co. COM 842587107   71,140,471 1,022,427 SH   DFND 1 842,585 0 179,842
Spirit Realty Capital Inc. COM 84860W300   90,733,608 2,277,450 SH   DFND 1 1,654,737 0 622,713
STAG Industrial, Inc. COM 85254J102   9,357,115 276,674 SH   SOLE   163,851 0 112,823
Sun Communities Inc. COM 866674104   168,546,014 1,196,380 SH   DFND 1 935,142 0 261,238
Sunstone Hotel Investors Inc. COM 867892101   45,608,115 4,616,206 SH   DFND 1 3,727,719 0 888,487
Tanger Factory Outlet Centers COM 875465106   12,226,035 622,824 SH   SOLE   327,464 0 295,360
Targa Resources Corp. COM 87612G101   37,804,076 518,219 SH   DFND 1 515,386 0 2,833
Tricon Residential Inc COM 89612W102   23,552,692 3,039,057 SH   DFND 1 2,583,242 0 455,815
UDR Inc. COM 902653104   54,426,385 1,325,533 SH   DFND 1 776,888 0 548,645
Union Pacific Corp COM 907818108   52,576,760 261,238 SH   DFND 1 217,483 0 43,755
Uniti Group Inc COM 91325V108   4,880,540 1,374,800 SH   DFND 1 1,374,800 0 0
Ventas Inc. COM 92276F100   76,372,469 1,761,764 SH   DFND 1 1,033,419 0 728,345
Veris Residential Inc COM 554489104   12,290,778 839,534 SH   DFND 1 667,968 0 171,566
Vici Properties Inc. COM 925652109   42,215,728 1,294,167 SH   DFND 1 716,354 0 577,813
Vornado Realty Trust COM 929042109   256,679 16,700 SH   SOLE   0 0 16,700
WEC Energy Group Inc. COM 92939U106   142,406,335 1,502,335 SH   DFND 1 1,249,654 0 252,681
Welltower Inc. COM 95040Q104   48,973,590 683,130 SH   SOLE   332,280 0 350,850
Williams Cos. COM 969457100   39,473,875 1,321,965 SH   DFND 1 1,319,769 0 2,196
WP Carey Inc. COM 92936U109   9,927,696 128,182 SH   SOLE   0 0 128,182
Xcel Energy Inc. COM 98389B100   66,906,954 992,096 SH   DFND 1 804,112 0 187,984
AES Corporation UNIT 00130H204   28,652,151 320,100 SH   DFND 1 320,100 0 0
American Electric Power Co. Inc UNIT 02557T307   4,889,337 97,107 SH   DFND 1 97,107 0 0
Nextera Energy Inc UNIT 65339F713   31,327,965 675,900 SH   DFND 1 675,900 0 0