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

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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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Brixmor Property Group Inc COM 11120U105 37,960 1,429,739 SH   DFND 1,2,3 924,622 0 505,117
Home Properties, Inc. COM 437306103 24,227 349,650 SH   DFND 1,2,3 225,180 0 124,470
Retail Properties of America Inc. CL A 76131V202 22,798 1,422,200 SH   DFND 1,2,3 910,400 0 511,800
American Realty Cap Prop Pfd F PFD 02917T401 51,146 2,167,202 SH   DFND 1,2,3 2,167,202 0 0