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
ACADIA RLTY TR COM SH BEN INT 004239109 2,897 103,340 SH   SOLE   103,340 0 0
AGREE REALTY CORP COM 008492100 2,107 39,666 SH   SOLE   39,666 0 0
ALEXANDERS INC COM 014752109 943 2,748 SH   SOLE   2,748 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 16,838 133,857 SH   SOLE   133,857 0 0
AMERICAN ASSETS TR INC COM 024013104 1,841 49,380 SH   SOLE   49,380 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 7,232 175,703 SH   SOLE   175,703 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 7,240 330,729 SH   SOLE   330,729 0 0
AMERICAN TOWER CORP NEW COM 03027X100 81,674 562,109 SH   SOLE   562,109 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 8,815 199,761 SH   SOLE   199,761 0 0
APPLE HOSPITALITY REIT INC COM NEW 03784Y200 4,881 279,063 SH   SOLE   279,063 0 0
ARMADA HOFFLER PPTYS INC COM 04208T108 976 64,572 SH   SOLE   64,572 0 0
ASHFORD HOSPITALITY TR INC COM SHS 044103109 696 108,956 SH   SOLE   108,956 0 0
AVALONBAY CMNTYS INC COM 053484101 32,033 176,832 SH   SOLE   176,832 0 0
BLUEROCK RESIDENTIAL GRW REI COM CL A 09627J102 300 30,596 SH   SOLE   30,596 0 0
BRIXMOR PPTY GROUP INC COM 11120U105 6,765 386,339 SH   SOLE   386,339 0 0
CARETRUST REIT INC COM 14174T107 1,831 103,404 SH   SOLE   103,404 0 0
CATCHMARK TIMBER TR INC CL A 14912Y202 732 64,018 SH   SOLE   64,018 0 0
CHATHAM LODGING TR COM 16208T102 1,245 59,609 SH   SOLE   59,609 0 0
CLIPPER RLTY INC COM 18885T306 288 21,288 SH   SOLE   21,288 0 0
COMMUNITY HEALTHCARE TR INC COM 20369C106 726 23,436 SH   SOLE   23,436 0 0
CORECIVIC INC COM 21871N101 3,675 151,066 SH   SOLE   151,066 0 0
CORENERGY INFRASTRUCTURE TR COM NEW 21870U502 611 16,269 SH   SOLE   16,269 0 0
CORESITE RLTY CORP COM 21870Q105 5,168 46,504 SH   SOLE   46,504 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 3,944 132,227 SH   SOLE   132,227 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 59,067 530,556 SH   SOLE   530,556 0 0
CYRUSONE INC COM 23283R100 8,387 132,289 SH   SOLE   132,289 0 0
DDR CORP COM 23317H854 2,630 196,448 SH   SOLE   196,448 0 0
DOUGLAS EMMETT INC COM 25960P109 7,760 205,736 SH   SOLE   205,736 0 0
EASTERLY GOVT PPTYS INC COM 27616P103 1,524 78,664 SH   SOLE   78,664 0 0
EPR PPTYS COM SH BEN INT 26884U109 6,460 94,433 SH   SOLE   94,433 0 0
EQUINIX INC COM PAR $0.001 29444U700 43,936 101,494 SH   SOLE   101,494 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 10,441 108,258 SH   SOLE   108,258 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 30,453 459,600 SH   SOLE   459,600 0 0
EXTRA SPACE STORAGE INC COM 30225T102 13,523 156,084 SH   SOLE   156,084 0 0
FARMLAND PARTNERS INC COM 31154R109 264 39,335 SH   SOLE   39,335 0 0
FIRST INDUSTRIAL REALTY TRUS COM 32054K103 5,018 159,807 SH   SOLE   159,807 0 0
FOUR CORNERS PPTY TR INC COM 35086T109 2,242 87,257 SH   SOLE   87,257 0 0
FRANKLIN STREET PPTYS CORP COM 35471R106 1,107 138,566 SH   SOLE   138,566 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 9,110 258,438 SH   SOLE   258,438 0 0
GEO GROUP INC NEW COM 36162J106 3,847 152,887 SH   SOLE   152,887 0 0
GLOBAL MED REIT INC COM NEW 37954A204 207 21,950 SH   SOLE   21,950 0 0
GOVERNMENT PPTYS INCOME TR COM SHS BEN INT 38376A103 1,427 126,437 SH   SOLE   126,437 0 0
HCP INC COM 40414L109 15,856 602,427 SH   SOLE   602,427 0 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 7,013 262,963 SH   SOLE   262,963 0 0
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 6,049 209,735 SH   SOLE   209,735 0 0
HOST HOTELS & RESORTS INC COM 44107P104 19,785 937,685 SH   SOLE   937,685 0 0
INDEPENDENCE RLTY TR INC COM 45378A106 1,190 113,014 SH   SOLE   113,014 0 0
INVITATION HOMES INC COM 46187W107 8,800 384,097 SH   SOLE   384,097 0 0
IRON MTN INC NEW COM 46284V101 12,552 363,628 SH   SOLE   363,628 0 0
JBG SMITH PPTYS COM 46590V100 4,922 133,635 SH   SOLE   133,635 0 0
KILROY RLTY CORP COM 49427F108 8,894 124,062 SH   SOLE   124,062 0 0
KIMCO RLTY CORP COM 49446R109 8,718 520,782 SH   SOLE   520,782 0 0
KITE RLTY GROUP TR COM NEW 49803T300 1,790 107,478 SH   SOLE   107,478 0 0
LIFE STORAGE INC COM 53223X107 5,571 58,539 SH   SOLE   58,539 0 0
MEDEQUITIES RLTY TR INC COM 58409L306 366 37,703 SH   SOLE   37,703 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 6,931 464,877 SH   SOLE   464,877 0 0
MID AMER APT CMNTYS INC COM 59522J103 14,547 145,213 SH   SOLE   145,213 0 0
NATIONAL HEALTH INVS INC COM 63633D104 3,915 51,796 SH   SOLE   51,796 0 0
NEXPOINT RESIDENTIAL TR INC COM 65341D102 709 21,358 SH   SOLE   21,358 0 0
NORTHSTAR REALTY EUROPE CORP COM 66706L101 857 60,527 SH   SOLE   60,527 0 0
OUTFRONT MEDIA INC COM 69007J106 3,543 177,576 SH   SOLE   177,576 0 0
PARAMOUNT GROUP INC COM 69924R108 4,013 265,956 SH   SOLE   265,956 0 0
PEBBLEBROOK HOTEL TR COM 70509V100 3,178 87,388 SH   SOLE   87,388 0 0
PHYSICIANS RLTY TR COM 71943U104 3,936 233,426 SH   SOLE   233,426 0 0
PREFERRED APT CMNTYS INC COM 74039L103 884 50,310 SH   SOLE   50,310 0 0
PROLOGIS INC COM 74340W103 54,373 802,086 SH   SOLE   802,086 0 0
PS BUSINESS PKS INC CALIF COM 69360J107 3,255 25,609 SH   SOLE   25,609 0 0
PUBLIC STORAGE COM 74460D109 38,327 190,086 SH   SOLE   190,086 0 0
QTS RLTY TR INC COM CL A 74736A103 2,784 65,238 SH   SOLE   65,238 0 0
RETAIL OPPORTUNITY INVTS COR COM 76131N101 2,621 140,371 SH   SOLE   140,371 0 0
RETAIL PPTYS AMER INC CL A 76131V202 3,449 282,946 SH   SOLE   282,946 0 0
REXFORD INDL RLTY INC COM 76169C100 3,682 115,201 SH   SOLE   115,201 0 0
RLJ LODGING TR COM 74965L101 4,869 221,026 SH   SOLE   221,026 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 4,888 56,721 SH   SOLE   56,721 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 5,272 228,015 SH   SOLE   228,015 0 0
SAFETY INCOME & GROWTH INC COM 78649D104 206 10,996 SH   SOLE   10,996 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104 23,433 145,882 SH   SOLE   145,882 0 0
SELECT INCOME REIT COM SH BEN INT 81618T100 1,816 82,771 SH   SOLE   82,771 0 0
SENIOR HSG PPTYS TR SH BEN INT 81721M109 5,327 303,363 SH   SOLE   303,363 0 0
SL GREEN RLTY CORP COM 78440X101 10,458 107,233 SH   SOLE   107,233 0 0
SPIRIT RLTY CAP INC NEW COM 84860W102 4,449 552,000 SH   SOLE   552,000 0 0
STAG INDL INC COM 85254J102 3,673 133,579 SH   SOLE   133,579 0 0
TERRENO RLTY CORP COM 88146M101 2,749 72,921 SH   SOLE   72,921 0 0
TIER REIT INC COM NEW 88650V208 1,567 65,014 SH   SOLE   65,014 0 0
UNITI GROUP INC COM 91325V108 4,279 212,357 SH   SOLE   212,357 0 0
URBAN EDGE PPTYS COM 91704F104 3,099 140,350 SH   SOLE   140,350 0 0
VENTAS INC COM 92276F100 24,798 456,005 SH   SOLE   456,005 0 0
VEREIT INC COM 92339V100 9,004 1,240,172 SH   SOLE   1,240,172 0 0
W P CAREY INC COM 92936U109 8,730 135,744 SH   SOLE   135,744 0 0
WASHINGTON PRIME GROUP NEW COM 93964W108 1,777 243,395 SH   SOLE   243,395 0 0
WELLTOWER INC COM 95040Q104 30,663 476,725 SH   SOLE   476,725 0 0
INVESTORS REAL ESTATE TR SH BEN INT 461730103 898 150,224 SH   SOLE   150,224 0 0
MONMOUTH REAL ESTATE INVT CO CL A 609720107 1,665 99,593 SH   SOLE   99,593 0 0
ONE LIBERTY PPTYS INC COM 682406103 518 18,659 SH   SOLE   18,659 0 0
RAMCO-GERSHENSON PPTYS TR COM SH BEN INT 751452202 1,385 101,860 SH   SOLE   101,860 0 0
UMH PPTYS INC COM 903002103 641 41,013 SH   SOLE   41,013 0 0
UNIVERSAL HEALTH RLTY INCM T SH BEN INT 91359E105 1,261 16,940 SH   SOLE   16,940 0 0
URSTADT BIDDLE PPTYS INC CL A 917286205 850 39,928 SH   SOLE   39,928 0 0
GETTY RLTY CORP NEW COM 374297109 1,218 42,630 SH   SOLE   42,630 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 3,558 226,345 SH   SOLE   226,345 0 0
LASALLE HOTEL PPTYS COM SH BEN INT 517942108 4,914 142,078 SH   SOLE   142,078 0 0
LEXINGTON REALTY TRUST COM 529043101 2,286 275,417 SH   SOLE   275,417 0 0
MACK CALI RLTY CORP COM 554489104 2,446 115,067 SH   SOLE   115,067 0 0
REALTY INCOME CORP COM 756109104 21,125 371,330 SH   SOLE   371,330 0 0
SAUL CTRS INC COM 804395101 873 15,597 SH   SOLE   15,597 0 0
SUN CMNTYS INC COM 866674104 10,777 106,132 SH   SOLE   106,132 0 0
TANGER FACTORY OUTLET CTRS I COM 875465106 2,684 117,303 SH   SOLE   117,303 0 0
RAYONIER INC COM 754907103 5,629 166,495 SH   SOLE   166,495 0 0
CBL & ASSOC PPTYS INC COM 124830100 891 223,342 SH   SOLE   223,342 0 0
CAMDEN PPTY TR SH BEN INT 133131102 10,635 113,654 SH   SOLE   113,654 0 0
COUSINS PPTYS INC COM 222795106 4,799 539,847 SH   SOLE   539,847 0 0
EASTGROUP PPTY INC COM 277276101 4,247 44,417 SH   SOLE   44,417 0 0
ESSEX PPTY TR INC COM 297178105 20,777 84,218 SH   SOLE   84,218 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 11,795 93,263 SH   SOLE   93,263 0 0
HEALTHCARE RLTY TR COM 421946104 4,664 159,409 SH   SOLE   159,409 0 0
HIGHWOODS PPTYS INC COM 431284108 6,201 131,203 SH   SOLE   131,203 0 0
LTC PPTYS INC COM 502175102 2,259 51,209 SH   SOLE   51,209 0 0
LIBERTY PPTY TR SH BEN INT 531172104 7,983 188,952 SH   SOLE   188,952 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 8,218 250,768 SH   SOLE   250,768 0 0
PENNSYLVANIA RL ESTATE INVT SH BEN INT 709102107 829 87,599 SH   SOLE   87,599 0 0
TAUBMAN CTRS INC COM 876664103 4,532 75,746 SH   SOLE   75,746 0 0
WASHINGTON REAL ESTATE INVT SH BEN INT 939653101 3,074 100,281 SH   SOLE   100,281 0 0
WEINGARTEN RLTY INVS SH BEN INT 948741103 4,592 154,301 SH   SOLE   154,301 0 0
VORNADO RLTY TR SH BEN INT 929042109 16,111 220,700 SH   SOLE   220,700 0 0
BOSTON PROPERTIES INC COM 101121101 24,351 197,829 SH   SOLE   197,829 0 0
DUKE REALTY CORP COM NEW 264411505 12,953 456,565 SH   SOLE   456,565 0 0
SIMON PPTY GROUP INC NEW COM 828806109 69,780 394,796 SH   SOLE   394,796 0 0
WEYERHAEUSER CO COM 962166104 31,306 970,122 SH   SOLE   970,122 0 0
REGENCY CTRS CORP COM 758849103 12,575 194,446 SH   SOLE   194,446 0 0
GLADSTONE COML CORP COM 376536108 718 37,480 SH   SOLE   37,480 0 0
CEDAR REALTY TRUST INC COM NEW 150602209 522 112,105 SH   SOLE   112,105 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 4,733 289,287 SH   SOLE   289,287 0 0
DIGITAL RLTY TR INC COM 253868103 29,601 263,167 SH   SOLE   263,167 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301 3,080 263,923 SH   SOLE   263,923 0 0
POTLATCHDELTIC CORPORATION COM 737630103 3,215 78,505 SH   SOLE   78,505 0 0
NATIONAL RETAIL PPTYS INC COM 637417106 8,961 199,932 SH   SOLE   199,932 0 0
UDR INC COM 902653104 13,721 339,387 SH   SOLE   339,387 0 0
CHESAPEAKE LODGING TR SH BEN INT 165240102 2,413 75,256 SH   SOLE   75,256 0 0
PIEDMONT OFFICE REALTY TR IN COM CL A 720190206 3,121 164,860 SH   SOLE   164,860 0 0
HUDSON PAC PPTYS INC COM 444097109 6,501 198,672 SH   SOLE   198,672 0 0
WHITESTONE REIT COM 966084204 694 49,986 SH   SOLE   49,986 0 0
SUMMIT HOTEL PPTYS INC COM 866082100 1,822 134,700 SH   SOLE   134,700 0 0
CUBESMART COM 229663109 6,723 235,654 SH   SOLE   235,654 0 0
AMERICOLD RLTY TR COM 03064D108 2,744 109,672 SH   SOLE   109,672 0 0
GLADSTONE LD CORP COM 376549101 221 17,897 SH   SOLE   17,897 0 0
EMPIRE ST RLTY TR INC CL A 292104106 2,887 173,806 SH   SOLE   173,806 0 0
COLUMBIA PPTY TR INC COM NEW 198287203 3,612 152,811 SH   SOLE   152,811 0 0
CITY OFFICE REIT INC COM 178587101 603 47,817 SH   SOLE   47,817 0 0
EQUITY COMWLTH COM SH BEN INT 294628102 4,877 151,976 SH   SOLE   151,976 0 0
NEW SR INVT GROUP INC COM 648691103 572 97,013 SH   SOLE   97,013 0 0
STORE CAP CORP COM 862121100 6,577 236,679 SH   SOLE   236,679 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 8,292 106,581 SH   SOLE   106,581 0 0
XENIA HOTELS & RESORTS INC COM 984017103 3,391 143,077 SH   SOLE   143,077 0 0
NATIONAL STORAGE AFFILIATES COM SHS BEN IN 637870106 1,848 72,651 SH   SOLE   72,651 0 0
HERSHA HOSPITALITY TR PR SHS BEN INT 427825500 1,058 46,670 SH   SOLE   46,670 0 0
FOREST CITY RLTY TR INC COM CL A 345605109 6,836 272,460 SH   SOLE   272,460 0 0
PARK HOTELS RESORTS INC COM 700517105 8,406 256,119 SH   SOLE   256,119 0 0
GRAMERCY PPTY TR COM NEW 385002308 5,637 205,436 SH   SOLE   205,436 0 0
GLOBAL NET LEASE INC COM NEW 379378201 1,901 91,164 SH   SOLE   91,164 0 0
INDUSTRIAL LOGISTICS PPTYS T COM SHS BEN INT 456237106 640 27,799 SH   SOLE   27,799 0 0
FRONT YD RESIDENTIAL CORP COM 35904G107 646 59,534 SH   SOLE   59,534 0 0
MACERICH CO COM 554382101 9,621 174,005 SH   SOLE   174,005 0 0
ALEXANDER & BALDWIN INC NEW COM 014491104 1,936 85,302 SH   SOLE   85,302 0 0
VICI PPTYS INC COM 925652109 10,268 474,936 SH   SOLE   474,936 0 0
AMERICAN FIN TR INC COM CLASS A 02607T109 921 60,333 SH   SOLE   60,333 0 0
BRAEMAR HOTELS & RESORTS INC COM 10482B101 468 39,766 SH   SOLE   39,766 0 0
SPIRIT MTA REIT COM SHS BEN IN 84861U105 689 59,766 SH   SOLE   59,766 0 0
COREPOINT LODGING INC COM 21872L104 1,035 53,193 SH   SOLE   53,193 0 0
RETAIL VALUE INC COM 76133Q102 642 19,644 SH   SOLE   19,644 0 0
ESSENTIAL PPTYS RLTY TR INC COM 29670E107 620 43,681 SH   SOLE   43,681 0 0
COLONY CAP INC NEW CL A COM 19626G108 3,826 628,309 SH   SOLE   628,309 0 0
BROOKFIELD PROPERTY REIT INC CL A 11282X103 4,231 202,170 SH   SOLE   202,170 0 0