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
ADDUS HOMECARE CORP COM 006739106 2,478 21,164 SH   SOLE   21,164 0 0
AGREE REALTY CORP COM 008492100 10,551 158,470 SH   SOLE   158,470 0 0
AMERICAN TOWER CORP NEW COM 03027X100 4,345 19,357 SH   SOLE   19,357 0 0
AMERICOLD RLTY TR COM 03064D108 15,320 410,395 SH   SOLE   410,395 0 0
APARTMENT INCOME REIT CORP COM 03750L109 10,649 277,239 SH   SOLE   277,239 0 0
APPLE HOSPITALITY REIT INC COM NEW 03784Y200 8,587 665,137 SH   SOLE   665,137 0 0
BLACKSTONE MTG TR INC NOTE 4.375% 5/0 09257WAB6 2,177 2,181,000 PRN   SOLE   2,181,000 0 0
COLONY CAP INC NEW CL A COM 19626G108 12,081 2,511,692 SH   SOLE   2,511,692 0 0
CORESITE RLTY CORP COM 21870Q105 6,313 50,392 SH   SOLE   50,392 0 0
CYRUSONE INC COM 23283R100 4,379 59,867 SH   SOLE   59,867 0 0
ENSIGN GROUP INC COM 29358P101 3,856 52,878 SH   SOLE   52,878 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 6,822 107,668 SH   SOLE   107,668 0 0
HIGHWOODS PPTYS INC COM 431284108 12,441 313,940 SH   SOLE   313,940 0 0
INVITATION HOMES INC COM 46187W107 8,949 301,325 SH   SOLE   301,325 0 0
KILROY RLTY CORP COM 49427F108 12,285 214,018 SH   SOLE   214,018 0 0
LHC GROUP INC COM 50187A107 5,201 24,381 SH   SOLE   24,381 0 0
LIFE STORAGE INC COM 53223X107 8,555 71,654 SH   SOLE   71,654 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 6,392 204,209 SH   SOLE   204,209 0 0
NATIONAL STORAGE AFFILIATES COM SHS BEN IN 637870106 9,432 261,778 SH   SOLE   261,778 0 0
NEXPOINT REAL ESTATE FIN INC COM 65342V101 4,130 250,000 SH   SOLE   250,000 0 0
QTS RLTY TR INC COM CL A 74736A103 10,805 174,609 SH   SOLE   174,609 0 0
REXFORD INDL RLTY INC COM 76169C100 17,172 349,661 SH   SOLE   349,661 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 7,922 116,907 SH   SOLE   116,907 0 0
SAFEHOLD INC COM 78645L100 10,876 150,033 SH   SOLE   150,033 0 0
SIMON PPTY GROUP INC NEW COM 828806109 5,521 64,738 SH   SOLE   64,738 0 0
WEINGARTEN RLTY INVS SH BEN INT 948741103 3,410 157,342 SH   SOLE   157,342 0 0
WYNDHAM HOTELS & RESORTS INC COM 98311A105 9,394 158,045 SH   SOLE   158,045 0 0