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 2,631 110,762 SH   SOLE   110,762 0 0
AGREE REALTY CORP COM 008492100 2,751 46,535 SH   SOLE   46,535 0 0
ALEXANDER & BALDWIN INC NEW COM 014491104 1,736 94,479 SH   SOLE   94,479 0 0
ALEXANDERS INC COM 014752109 909 2,986 SH   SOLE   2,986 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 16,934 146,953 SH   SOLE   146,953 0 0
AMERICAN ASSETS TR INC COM 024013104 2,115 52,670 SH   SOLE   52,670 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 7,818 188,889 SH   SOLE   188,889 0 0
AMERICAN FIN TR INC COM CLASS A 02607T109 1,002 75,276 SH   SOLE   75,276 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 7,098 357,614 SH   SOLE   357,614 0 0
AMERICAN TOWER CORP NEW COM 03027X100 95,966 606,653 SH   SOLE   606,653 0 0
AMERICOLD RLTY TR COM 03064D108 3,029 118,616 SH   SOLE   118,616 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 9,377 213,704 SH   SOLE   213,704 0 0
APPLE HOSPITALITY REIT INC COM NEW 03784Y200 4,297 301,399 SH   SOLE   301,399 0 0
ARMADA HOFFLER PPTYS INC COM 04208T108 978 69,576 SH   SOLE   69,576 0 0
ASHFORD HOSPITALITY TR INC COM SHS 044103109 435 108,956 SH   SOLE   108,956 0 0
AVALONBAY CMNTYS INC COM 053484101 33,198 190,742 SH   SOLE   190,742 0 0
BLUEROCK RESIDENTIAL GRW REI COM CL A 09627J102 275 30,596 SH   SOLE   30,596 0 0
BOSTON PROPERTIES INC COM 101121101 24,028 213,492 SH   SOLE   213,492 0 0
BRAEMAR HOTELS & RESORTS INC COM 10482B101 355 39,766 SH   SOLE   39,766 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 3,137 243,776 SH   SOLE   243,776 0 0
BRIXMOR PPTY GROUP INC COM 11120U105 6,141 418,058 SH   SOLE   418,058 0 0
BROOKFIELD PROPERTY REIT INC CL A 11282X103 2,794 173,572 SH   SOLE   173,572 0 0
BRT APARTMENTS CORP COM 055645303 142 12,485 SH   SOLE   12,485 0 0
CAMDEN PPTY TR SH BEN INT 133131102 10,834 123,044 SH   SOLE   123,044 0 0
CARETRUST REIT INC COM 14174T107 2,126 115,194 SH   SOLE   115,194 0 0
CATCHMARK TIMBER TR INC CL A 14912Y202 454 64,018 SH   SOLE   64,018 0 0
CBL & ASSOC PPTYS INC COM 124830100 459 239,329 SH   SOLE   239,329 0 0
CEDAR REALTY TRUST INC COM NEW 150602209 352 112,105 SH   SOLE   112,105 0 0
CHATHAM LODGING TR COM 16208T102 1,152 65,187 SH   SOLE   65,187 0 0
CHESAPEAKE LODGING TR SH BEN INT 165240102 1,971 80,952 SH   SOLE   80,952 0 0
CITY OFFICE REIT INC COM 178587101 490 47,817 SH   SOLE   47,817 0 0
CLIPPER RLTY INC COM 18885T306 278 21,288 SH   SOLE   21,288 0 0
COLONY CAP INC NEW CL A COM 19626G108 3,096 661,676 SH   SOLE   661,676 0 0
COLUMBIA PPTY TR INC COM NEW 198287203 3,170 163,866 SH   SOLE   163,866 0 0
COMMUNITY HEALTHCARE TR INC COM 20369C106 675 23,436 SH   SOLE   23,436 0 0
CORECIVIC INC COM 21871N101 2,903 162,853 SH   SOLE   162,853 0 0
CORENERGY INFRASTRUCTURE TR COM NEW 21870U502 538 16,269 SH   SOLE   16,269 0 0
COREPOINT LODGING INC COM 21872L104 703 57,463 SH   SOLE   57,463 0 0
CORESITE RLTY CORP COM 21870Q105 4,371 50,118 SH   SOLE   50,118 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 3,000 142,696 SH   SOLE   142,696 0 0
COUSINS PPTYS INC COM 222795106 4,585 580,413 SH   SOLE   580,413 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 62,200 572,594 SH   SOLE   572,594 0 0
CUBESMART COM 229663109 7,340 255,847 SH   SOLE   255,847 0 0
CYRUSONE INC COM 23283R100 7,640 144,491 SH   SOLE   144,491 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301 2,585 284,793 SH   SOLE   284,793 0 0
DIGITAL RLTY TR INC COM 253868103 30,318 284,543 SH   SOLE   284,543 0 0
DOUGLAS EMMETT INC COM 25960P109 7,602 222,742 SH   SOLE   222,742 0 0
DUKE REALTY CORP COM NEW 264411505 12,774 493,225 SH   SOLE   493,225 0 0
EASTERLY GOVT PPTYS INC COM 27616P103 1,349 86,054 SH   SOLE   86,054 0 0
EASTGROUP PPTY INC COM 277276101 4,445 48,463 SH   SOLE   48,463 0 0
EMPIRE ST RLTY TR INC CL A 292104106 2,797 196,612 SH   SOLE   196,612 0 0
EPR PPTYS COM SH BEN INT 26884U109 6,545 102,222 SH   SOLE   102,222 0 0
EQUINIX INC COM PAR $0.001 29444U700 39,073 110,827 SH   SOLE   110,827 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 11,486 118,255 SH   SOLE   118,255 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 32,735 495,921 SH   SOLE   495,921 0 0
ESSENTIAL PPTYS RLTY TR INC COM 29670E107 661 47,818 SH   SOLE   47,818 0 0
ESSEX PPTY TR INC COM 297178105 22,280 90,861 SH   SOLE   90,861 0 0
EXTRA SPACE STORAGE INC COM 30225T102 15,273 168,808 SH   SOLE   168,808 0 0
FARMLAND PARTNERS INC COM 31154R109 178 39,335 SH   SOLE   39,335 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 11,903 100,845 SH   SOLE   100,845 0 0
FIRST INDUSTRIAL REALTY TRUS COM 32054K103 4,938 171,124 SH   SOLE   171,124 0 0
FOUR CORNERS PPTY TR INC COM 35086T109 2,496 95,288 SH   SOLE   95,288 0 0
FRANKLIN STREET PPTYS CORP COM 35471R106 923 148,193 SH   SOLE   148,193 0 0
FRONT YD RESIDENTIAL CORP COM 35904G107 583 66,846 SH   SOLE   66,846 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 9,034 279,615 SH   SOLE   279,615 0 0
GEO GROUP INC NEW COM 36162J106 3,246 164,774 SH   SOLE   164,774 0 0
GETTY RLTY CORP NEW COM 374297109 1,334 45,390 SH   SOLE   45,390 0 0
GLADSTONE COML CORP COM 376536108 727 40,600 SH   SOLE   40,600 0 0
GLADSTONE LD CORP COM 376549101 205 17,897 SH   SOLE   17,897 0 0
GLOBAL MED REIT INC COM NEW 37954A204 248 27,913 SH   SOLE   27,913 0 0
GLOBAL NET LEASE INC COM NEW 379378201 1,722 97,753 SH   SOLE   97,753 0 0
GOVERNMENT PPTYS INCOME TR COM SHS BEN INT 38376A103 925 134,722 SH   SOLE   134,722 0 0
HCP INC COM 40414L109 18,187 651,177 SH   SOLE   651,177 0 0
HEALTHCARE RLTY TR COM 421946104 4,843 170,298 SH   SOLE   170,298 0 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 7,219 285,255 SH   SOLE   285,255 0 0
HERSHA HOSPITALITY TR PR SHS BEN INT 427825500 893 50,946 SH   SOLE   50,946 0 0
HIGHWOODS PPTYS INC COM 431284108 5,450 140,879 SH   SOLE   140,879 0 0
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 5,377 225,198 SH   SOLE   225,198 0 0
HOST HOTELS & RESORTS INC COM 44107P104 16,905 1,014,135 SH   SOLE   1,014,135 0 0
HUDSON PAC PPTYS INC COM 444097109 6,193 213,134 SH   SOLE   213,134 0 0
INDEPENDENCE RLTY TR INC COM 45378A106 1,135 123,683 SH   SOLE   123,683 0 0
INDUSTRIAL LOGISTICS PPTYS T COM SHS BEN INT 456237106 1,748 88,878 SH   SOLE   88,878 0 0
INVESTORS REAL ESTATE TR SH BEN INT 461730509 820 16,729 SH   SOLE   16,729 0 0
INVITATION HOMES INC COM 46187W107 8,315 414,132 SH   SOLE   414,132 0 0
IRON MTN INC NEW COM 46284V101 12,744 393,221 SH   SOLE   393,221 0 0
JBG SMITH PPTYS COM 46590V100 5,030 144,518 SH   SOLE   144,518 0 0
KILROY RLTY CORP COM 49427F108 8,580 136,455 SH   SOLE   136,455 0 0
KIMCO RLTY CORP COM 49446R109 8,254 563,416 SH   SOLE   563,416 0 0
KITE RLTY GROUP TR COM NEW 49803T300 1,598 113,467 SH   SOLE   113,467 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 8,059 116,496 SH   SOLE   116,496 0 0
LEXINGTON REALTY TRUST COM 529043101 2,413 293,991 SH   SOLE   293,991 0 0
LIBERTY PPTY TR SH BEN INT 531172104 8,559 204,392 SH   SOLE   204,392 0 0
LIFE STORAGE INC COM 53223X107 5,886 63,299 SH   SOLE   63,299 0 0
LTC PPTYS INC COM 502175102 2,265 54,350 SH   SOLE   54,350 0 0
MACERICH CO COM 554382101 8,141 188,118 SH   SOLE   188,118 0 0
MACK CALI RLTY CORP COM 554489104 2,429 123,992 SH   SOLE   123,992 0 0
MEDEQUITIES RLTY TR INC COM 58409L306 304 44,471 SH   SOLE   44,471 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 8,096 503,539 SH   SOLE   503,539 0 0
MID AMER APT CMNTYS INC COM 59522J103 15,038 157,147 SH   SOLE   157,147 0 0
MONMOUTH REAL ESTATE INVT CO CL A 609720107 1,501 121,059 SH   SOLE   121,059 0 0
NATIONAL HEALTH INVS INC COM 63633D104 4,270 56,533 SH   SOLE   56,533 0 0
NATIONAL RETAIL PPTYS INC COM 637417106 10,631 219,159 SH   SOLE   219,159 0 0
NATIONAL STORAGE AFFILIATES COM SHS BEN IN 637870106 2,083 78,758 SH   SOLE   78,758 0 0
NEW SR INVT GROUP INC COM 648691103 399 97,013 SH   SOLE   97,013 0 0
NEXPOINT RESIDENTIAL TR INC COM 65341D102 890 25,395 SH   SOLE   25,395 0 0
NORTHSTAR REALTY EUROPE CORP COM 66706L101 880 60,527 SH   SOLE   60,527 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 9,622 273,749 SH   SOLE   273,749 0 0
ONE LIBERTY PPTYS INC COM 682406103 527 21,786 SH   SOLE   21,786 0 0
OUTFRONT MEDIA INC COM 69007J106 3,482 192,190 SH   SOLE   192,190 0 0
PARAMOUNT GROUP INC COM 69924R108 3,633 289,253 SH   SOLE   289,253 0 0
PARK HOTELS RESORTS INC COM 700517105 7,174 276,143 SH   SOLE   276,143 0 0
PEBBLEBROOK HOTEL TR COM 70509V100 5,276 186,399 SH   SOLE   186,399 0 0
PENNSYLVANIA RL ESTATE INVT SH BEN INT 709102107 572 96,360 SH   SOLE   96,360 0 0
PHYSICIANS RLTY TR COM 71943U104 4,013 250,372 SH   SOLE   250,372 0 0
PIEDMONT OFFICE REALTY TR IN COM CL A 720190206 3,029 177,784 SH   SOLE   177,784 0 0
POTLATCHDELTIC CORPORATION COM 737630103 2,888 91,285 SH   SOLE   91,285 0 0
PREFERRED APT CMNTYS INC COM 74039L103 768 54,653 SH   SOLE   54,653 0 0
PROLOGIS INC COM 74340W103 50,820 865,465 SH   SOLE   865,465 0 0
PS BUSINESS PKS INC CALIF COM 69360J107 3,578 27,314 SH   SOLE   27,314 0 0
PUBLIC STORAGE COM 74460D109 41,526 205,162 SH   SOLE   205,162 0 0
QTS RLTY TR INC COM CL A 74736A103 2,575 69,517 SH   SOLE   69,517 0 0
RAYONIER INC COM 754907103 4,948 178,720 SH   SOLE   178,720 0 0
REALTY INCOME CORP COM 756109104 25,728 408,129 SH   SOLE   408,129 0 0
REGENCY CTRS CORP COM 758849103 12,337 210,244 SH   SOLE   210,244 0 0
RETAIL OPPORTUNITY INVTS COR COM 76131N101 2,465 155,276 SH   SOLE   155,276 0 0
RETAIL PPTYS AMER INC CL A 76131V202 3,237 298,353 SH   SOLE   298,353 0 0
RETAIL VALUE INC COM 76133Q102 548 21,416 SH   SOLE   21,416 0 0
REXFORD INDL RLTY INC COM 76169C100 3,738 126,860 SH   SOLE   126,860 0 0
RLJ LODGING TR COM 74965L101 3,930 239,679 SH   SOLE   239,679 0 0
RPT REALTY COM SH BEN INT 74971D101 1,356 113,496 SH   SOLE   113,496 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 4,076 61,126 SH   SOLE   61,126 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 4,030 244,568 SH   SOLE   244,568 0 0
SAFETY INCOME & GROWTH INC COM 78649D104 206 10,996 SH   SOLE   10,996 0 0
SAUL CTRS INC COM 804395101 802 16,999 SH   SOLE   16,999 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104 25,065 154,833 SH   SOLE   154,833 0 0
SELECT INCOME REIT COM SH BEN INT 81618T100 894 121,549 SH   SOLE   121,549 0 0
SENIOR HSG PPTYS TR SH BEN INT 81721M109 3,822 326,164 SH   SOLE   326,164 0 0
SIMON PPTY GROUP INC NEW COM 828806109 71,583 426,117 SH   SOLE   426,117 0 0
SITE CENTERS CORP COM 82981J109 2,322 209,816 SH   SOLE   209,816 0 0
SL GREEN RLTY CORP COM 78440X101 9,012 113,961 SH   SOLE   113,961 0 0
SPIRIT MTA REIT COM SHS BEN IN 84861U105 426 59,766 SH   SOLE   59,766 0 0
SPIRIT RLTY CAP INC NEW COM NEW 84860W300 4,158 117,972 SH   SOLE   117,972 0 0
STAG INDL INC COM 85254J102 3,361 135,097 SH   SOLE   135,097 0 0
STORE CAP CORP COM 862121100 7,499 264,895 SH   SOLE   264,895 0 0
SUMMIT HOTEL PPTYS INC COM 866082100 1,380 141,848 SH   SOLE   141,848 0 0
SUN CMNTYS INC COM 866674104 11,814 116,162 SH   SOLE   116,162 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 4,081 313,714 SH   SOLE   313,714 0 0
TANGER FACTORY OUTLET CTRS I COM 875465106 2,567 126,963 SH   SOLE   126,963 0 0
TAUBMAN CTRS INC COM 876664103 3,719 81,759 SH   SOLE   81,759 0 0
TERRENO RLTY CORP COM 88146M101 2,826 80,363 SH   SOLE   80,363 0 0
TIER REIT INC COM NEW 88650V208 1,521 73,743 SH   SOLE   73,743 0 0
UDR INC COM 902653104 14,518 366,433 SH   SOLE   366,433 0 0
UMH PPTYS INC COM 903002103 551 46,595 SH   SOLE   46,595 0 0
UNITI GROUP INC COM 91325V108 3,612 231,999 SH   SOLE   231,999 0 0
UNIVERSAL HEALTH RLTY INCM T SH BEN INT 91359E105 1,113 18,151 SH   SOLE   18,151 0 0
URBAN EDGE PPTYS COM 91704F104 2,505 150,757 SH   SOLE   150,757 0 0
URSTADT BIDDLE PPTYS INC CL A 917286205 817 42,533 SH   SOLE   42,533 0 0
VENTAS INC COM 92276F100 28,825 491,993 SH   SOLE   491,993 0 0
VEREIT INC COM 92339V100 9,597 1,342,240 SH   SOLE   1,342,240 0 0
VICI PPTYS INC COM 925652109 10,414 554,541 SH   SOLE   554,541 0 0
VORNADO RLTY TR SH BEN INT 929042109 14,804 238,674 SH   SOLE   238,674 0 0
W P CAREY INC COM 92936U109 14,367 219,891 SH   SOLE   219,891 0 0
WASHINGTON PRIME GROUP NEW COM 93964W108 1,250 257,311 SH   SOLE   257,311 0 0
WASHINGTON REAL ESTATE INVT SH BEN INT 939653101 2,540 110,436 SH   SOLE   110,436 0 0
WEINGARTEN RLTY INVS SH BEN INT 948741103 4,114 165,849 SH   SOLE   165,849 0 0
WELLTOWER INC COM 95040Q104 35,705 514,421 SH   SOLE   514,421 0 0
WEYERHAEUSER CO COM 962166104 22,637 1,035,575 SH   SOLE   1,035,575 0 0
WHITESTONE REIT COM 966084204 667 54,425 SH   SOLE   54,425 0 0
XENIA HOTELS & RESORTS INC COM 984017103 2,654 154,344 SH   SOLE   154,344 0 0