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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Agree Realty Corp COM 008492100 5,208 75,103 SH   SOLE   0 0 75,103
Alexander & Baldwin Inc. COM 014491104 1,090 42,838 SH   SOLE   5,166 0 37,672
Alexandria Real Estate Equitie COM 015271109 187,693 1,316,592 SH   SOLE   809,497 0 507,095
American Campus Communities COM 024835100 140,670 2,956,502 SH   SOLE   1,946,637 0 1,009,865
American Electric Power Co. In COM 025537101 8,356 99,769 SH   SOLE   30,769 0 69,000
American Tower Corp. COM 03027X100 2,971 15,076 SH   SOLE   4,476 0 10,600
Americold Realty Trust COM 03064D108 20,727 679,357 SH   SOLE   473,212 0 206,145
Andeavor Logistics LP COM 03350F106 1,515 42,957 SH   SOLE   42,957 0 0
Antero Midstream Corp COM 03676B102 4,227 306,762 SH   SOLE   169,862 0 136,900
Aqua America Inc. COM 03836W103 1,245 34,167 SH   SOLE   10,167 0 24,000
Atmos Energy Corp. COM 049560105 6,754 65,618 SH   SOLE   20,718 0 44,900
AvalonBay Communities Inc. COM 053484101 228,160 1,136,650 SH   SOLE   601,111 0 535,539
Boston Properties Inc. COM 101121101 634 4,738 SH   SOLE   4,738 0 0
Brandywine Realty Trust SBI COM 105368203 55,867 3,522,513 SH   SOLE   2,255,933 0 1,266,580
Brixmor Property Group COM 11120U105 140,420 7,643,959 SH   SOLE   4,793,785 0 2,850,174
Brookfield Property REIT Inc. COM 11282X103 16,209 791,076 SH   SOLE   414,330 0 376,746
Buckeye Partners L.P. COM 118230101 3,301 97,025 SH   SOLE   97,025 0 0
Caesars Entertainment Corp COM 127686103 601 69,121 SH   SOLE   13,778 0 55,343
Camden Property Trust COM 133131102 79,827 786,476 SH   SOLE   533,013 0 253,463
Cheniere Energy Inc. COM 16411R208 9,184 134,353 SH   SOLE   62,116 0 72,237
Cheniere Energy Partners, L.P. COM 16411Q101 1,170 27,900 SH   SOLE   27,900 0 0
CMS Energy Corporation COM 125896100 4,035 72,643 SH   SOLE   24,159 0 48,484
Columbia Property Trust, Inc. COM 198287203 122,816 5,456,070 SH   SOLE   3,705,507 0 1,750,563
CORECIVIC INC COM 21871N101 7,077 363,881 SH   SOLE   151,113 0 212,768
Cousins Properties Inc. COM 222795106 77,761 8,049,804 SH   SOLE   5,437,857 0 2,611,947
Crestwood Equity Partners LP COM 226344208 2,565 72,881 SH   SOLE   72,881 0 0
Crown Castle International Cor COM 22822V101 33,846 264,418 SH   SOLE   113,486 0 150,932
CubeSmart COM 229663109 181,461 5,663,570 SH   SOLE   3,456,711 0 2,206,859
CYRUSONE INC COM 23283R100 14,723 280,764 SH   SOLE   100,609 0 180,155
DCP Midstream LP COM 23311P100 1,195 36,150 SH   SOLE   36,150 0 0
Diamondrock Hospitality COM 252784301 8,559 790,275 SH   SOLE   287,513 0 502,762
Digital Realty Trust Inc. COM 253868103 38,732 325,477 SH   SOLE   111,504 0 213,973
Dominion Energy Inc. COM 25746U109 8,042 104,911 SH   SOLE   33,611 0 71,300
Douglas Emmett Inc. COM 25960P109 113,029 2,796,353 SH   SOLE   1,964,824 0 831,529
Duke Realty Corporation COM 264411505 71,229 2,329,254 SH   SOLE   1,330,746 0 998,508
Enable Midstream Partners LP COM 292480100 1,795 125,357 SH   SOLE   125,357 0 0
Energy Transfer LP COM 29273V100 5,432 353,443 SH   SOLE   353,443 0 0
Enlink Midstream LLC COM 29336T100 2,992 234,132 SH   SOLE   234,132 0 0
Enterprise Products Partners L COM 293792107 5,177 177,913 SH   SOLE   177,913 0 0
EQM Midstream Partners, L.P. COM 26885B100 2,811 60,880 SH   SOLE   60,880 0 0
Equinix Inc COM 29444U700 233,995 516,362 SH   SOLE   331,500 0 184,862
Equity Residential COM 29476L107 367,277 4,876,228 SH   SOLE   3,216,529 0 1,659,699
Essex Property Trust Inc. COM 297178105 8,225 28,436 SH   SOLE   19,567 0 8,869
Evergy Inc. COM 30034W106 5,003 86,191 SH   SOLE   27,632 0 58,559
Exelon Corp. COM 30161N101 4,559 90,950 SH   SOLE   26,750 0 64,200
Extended Stay America, Inc. COM 30224P200 944 52,600 SH   SOLE   7,900 0 44,700
Extra Space Storage Inc. COM 30225T102 216,148 2,120,972 SH   SOLE   1,286,666 0 834,306
Federal Realty Investment Trus COM 313747206 13,385 97,097 SH   SOLE   97,097 0 0
FirstEnergy Corp. COM 337932107 5,281 126,923 SH   SOLE   36,923 0 90,000
Four Corners Property Trust COM 35086T109 11,339 383,063 SH   SOLE   147,357 0 235,706
Front Yard Residential Corp COM 35904G107 149 16,100 SH   SOLE   16,100 0 0
HCP Inc. COM 40414L109 87,725 2,802,727 SH   SOLE   1,362,914 0 1,439,813
Healthcare Trust of America In COM 42225P501 195,323 6,831,862 SH   SOLE   4,221,457 0 2,610,405
Hess Midstream Partners LP COM 428104103 1,134 53,487 SH   SOLE   53,487 0 0
Hilton Worldwide Holdings Inc. COM 43300A203 55,750 670,803 SH   SOLE   474,038 0 196,765
Host Hotels & Resorts Inc. COM 44107P104 68,308 3,614,206 SH   SOLE   2,542,026 0 1,072,180
Hudson Pacific Properties COM 444097109 166,651 4,841,704 SH   SOLE   3,032,115 0 1,809,589
Invitation Homes Inc COM 46187W107 158,839 6,528,521 SH   SOLE   4,246,351 0 2,282,170
Iron Mountain Incorporated COM 46284V101 453 12,762 SH   SOLE   12,762 0 0
JBG SMITH Properties COM 46590V100 15,096 365,077 SH   SOLE   99,226 0 265,851
Kimco Realty Corp. COM 49446R109 52,148 2,818,821 SH   SOLE   2,217,918 0 600,903
Liberty Property Trust COM 531172104 67,107 1,385,938 SH   SOLE   749,750 0 636,188
Mack-Cali Realty Corp. COM 554489104 1,110 50,000 SH   SOLE   5,300 0 44,700
Magellan Midstream Partners L. COM 559080106 4,093 67,513 SH   SOLE   67,513 0 0
Medical Properties Trust COM 58463J304 10,617 573,559 SH   SOLE   189,871 0 383,688
MGM Growth Properties LLC COM 55303A105 91,415 2,834,565 SH   SOLE   1,889,709 0 944,856
MPLX LP COM 55336V100 3,357 102,079 SH   SOLE   102,079 0 0
NexPoint Residential Trust, In COM 65341D102 14,196 370,273 SH   SOLE   103,385 0 266,888
Nextera Energy Inc COM 65339F101 5,108 26,422 SH   SOLE   7,852 0 18,570
Park Hotels & Resorts Inc COM 700517105 70,865 2,280,083 SH   SOLE   1,593,491 0 686,592
Pebblebrook Hotel Trust COM 70509V100 63,207 2,034,987 SH   SOLE   1,467,619 0 567,368
Piedmont Office Realty Trust I COM 720190206 89,529 4,293,959 SH   SOLE   2,584,231 0 1,709,728
Plains All American Pipeline, COM 726503105 4,495 183,387 SH   SOLE   183,387 0 0
ProLogis Inc. COM 74340W103 399,089 5,546,751 SH   SOLE   3,587,495 0 1,959,256
Public Service Enterprise Grou COM 744573106 3,791 63,803 SH   SOLE   18,703 0 45,100
Public Storage COM 74460D109 10,891 50,011 SH   SOLE   50,011 0 0
QTS Realty Trust Inc COM 74736A103 31,827 707,426 SH   SOLE   401,188 0 306,238
Regency Centers Corporation COM 758849103 198,843 2,946,260 SH   SOLE   1,715,598 0 1,230,662
Retail Properties of America, COM 76131V202 24,662 2,023,158 SH   SOLE   842,830 0 1,180,328
Ryman Hospitality Properties COM 78377T107 20,683 251,492 SH   SOLE   152,325 0 99,167
Sempra Energy COM 816851109 6,770 53,792 SH   SOLE   16,592 0 37,200
Shell Midstream Partners LP COM 822634101 2,035 99,500 SH   SOLE   99,500 0 0
Simon Property Group Inc. COM 828806109 351,431 1,928,712 SH   SOLE   1,204,378 0 724,334
Southwest Gas Holdings Inc. COM 844895102 1,617 19,658 SH   SOLE   5,758 0 13,900
Spirit Realty Capital Inc. COM 84860W300 34,416 866,242 SH   SOLE   453,847 0 412,395
STAG Industrial, Inc. COM 85254J102 23,331 786,878 SH   SOLE   298,219 0 488,659
STORE Capital Corp COM 862121100 189,504 5,656,830 SH   SOLE   3,558,574 0 2,098,256
Summit Midstream Partners LP COM 866142102 688 70,700 SH   SOLE   70,700 0 0
Sun Communities Inc. COM 866674104 159,805 1,348,337 SH   SOLE   792,852 0 555,485
Tallgrass Energy LP COM 874696107 2,105 83,732 SH   SOLE   83,732 0 0
Taubman Centers Inc. COM 876664103 112,600 2,129,358 SH   SOLE   1,340,948 0 788,410
TC Pipelines L.P. COM 87233Q108 631 16,900 SH   SOLE   16,900 0 0
TIER REIT Inc COM 88650V208 43,809 1,528,575 SH   SOLE   902,409 0 626,166
Union Pacific Corp COM 907818108 7,475 44,708 SH   SOLE   13,408 0 31,300
USA Compression Partners LP COM 90290N109 762 48,800 SH   SOLE   48,800 0 0
Ventas Inc. COM 92276F100 6,342 99,389 SH   SOLE   99,389 0 0
VEREIT Inc COM 92339V100 137,762 16,458,972 SH   SOLE   10,881,056 0 5,577,916
Vici Properties Inc. COM 925652109 151,122 6,906,863 SH   SOLE   4,794,462 0 2,112,401
Vornado Realty Trust COM 929042109 104,617 1,551,265 SH   SOLE   960,152 0 591,113
Welltower Inc. COM 95040Q104 359,605 4,634,079 SH   SOLE   3,001,795 0 1,632,284
Western Midstream Partners LP COM 958669103 1,959 62,474 SH   SOLE   62,474 0 0
Weyerhaeuser Co. COM 962166104 1,122 42,600 SH   SOLE   5,600 0 37,000
Williams Cos. COM 969457100 11,211 390,341 SH   SOLE   165,941 0 224,400
Xenia Hotels & Resorts Inc COM 984017103 628 28,678 SH   SOLE   28,678 0 0
Zayo Group Holdings Inc COM 98919V105 2,233 78,583 SH   SOLE   25,983 0 52,600