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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMERICAN HOMES 4 RENT CL A 02665T306   22,879,843 727,499 SH   SOLE   727,499 0 0
AMERICAN TOWER CORP NEW COM 03027X100   1,336,588 6,541 SH   SOLE   6,541 0 0
AMERICOLD REALTY TRUST INC COM 03064D108   1,365,600 48,000 SH   SOLE   48,000 0 0
AVALONBAY CMNTYS INC COM 053484101   20,780,116 123,647 SH   SOLE   123,647 0 0
BRIXMOR PPTY GROUP INC COM 11120U105   24,947,016 1,159,248 SH   SOLE   1,159,248 0 0
COUSINS PPTYS INC COM NEW 222795502   13,574,247 634,904 SH   SOLE   634,904 0 0
CUBESMART COM 229663109   638,529 13,815 SH   SOLE   13,815 0 0
DIGITAL RLTY TR INC COM 253868103   18,949,056 192,748 SH   SOLE   192,748 0 0
DIGITALBRIDGE GROUP INC CL A NEW 25401T603   1,599,622 133,413 SH   SOLE   133,413 0 0
ENSIGN GROUP INC COM 29358P101   24,803,905 259,618 SH   SOLE   259,618 0 0
EQUINIX INC COM 29444U700   2,048,475 2,841 SH   SOLE   2,841 0 0
ESSENTIAL PPTYS RLTY TR INC COM 29670E107   15,825,996 636,861 SH   SOLE   636,861 0 0
FEDERAL RLTY INVT TR NEW SH BEN INT NEW 313745101   19,536,517 197,678 SH   SOLE   197,678 0 0
GAMING & LEISURE PPTYS INC COM 36467J108   2,260,601 43,423 SH   SOLE   43,423 0 0
INVITATION HOMES INC COM 46187W107   713,887 22,859 SH   SOLE   22,859 0 0
JONES LANG LASALLE INC COM 48020Q107   26,560,508 182,559 SH   SOLE   182,559 0 0
KILROY RLTY CORP COM 49427F108   7,903,494 243,935 SH   SOLE   243,935 0 0
KITE RLTY GROUP TR COM NEW 49803T300   28,883,721 1,380,675 SH   SOLE   1,380,675 0 0
LIFE STORAGE INC COM 53223X107   27,001,000 205,973 SH   SOLE   205,973 0 0
MARRIOTT INTL INC NEW CL A 571903202   30,047,927 180,968 SH   SOLE   180,968 0 0
MARRIOTT VACATIONS WORLDWIDE COM 57164Y107   1,519,198 11,265 SH   SOLE   11,265 0 0
PULTE GROUP INC COM 745867101   25,911,287 444,600 SH   SOLE   444,600 0 0
REXFORD INDL RLTY INC COM 76169C100   43,509,903 729,420 SH   SOLE   729,420 0 0
SAFEHOLD INC COM 78646V107   17,989,800 612,523 SH   SOLE   612,523 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104   26,893,863 103,014 SH   SOLE   103,014 0 0
SUN CMNTYS INC COM 866674104   22,611,242 160,500 SH   SOLE   160,500 0 0
UDR INC COM 902653104   10,708,161 260,793 SH   SOLE   260,793 0 0
VENTAS INC COM 92276F100   7,472,413 172,374 SH   SOLE   172,374 0 0
WELLTOWER INC COM 95040Q104   22,299,319 311,052 SH   SOLE   311,052 0 0
WEST FRASER TIMBER CO LTD COM 952845105   28,476,622 399,728 SH   SOLE   399,728 0 0
WYNDHAM HOTELS & RESORTS INC COM 98311A105   23,733,319 349,791 SH   SOLE   349,791 0 0