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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
TRICON RESIDENTIAL INC COM NPV 89612W102   52,782,857 5,800,314 SH   SOLE   5,800,314 0 0
VENTAS, INC. COM 92276F100   46,979,782 942,612 SH   SOLE   942,612 0 0
APARTMENT INCOME REIT CORP COM 03750L109   40,921,977 1,178,289 SH   SOLE   1,178,289 0 0
SUN COMMUNITIES, INC COM 866674104   39,129,245 292,774 SH   SOLE   292,774 0 0
SBA COMMUNICATIONS CORPORATION CL A 78410G104   38,435,303 151,505 SH   SOLE   151,505 0 0
PROLOGIS INC COM 74340W103   34,261,033 257,022 SH   SOLE   257,022 0 0
VICI PROPERTIES INC. COM 925652109   30,754,955 964,710 SH   SOLE   964,710 0 0
AGREE REALTY CORPORATION COM 008492100   25,475,236 404,690 SH   SOLE   404,690 0 0
EQUINIX, INC. REIT COM 29444U700   23,858,873 29,624 SH   SOLE   29,624 0 0
NATIONAL HEALTH INVESTORS, INC. COM 63633D104   23,013,104 412,052 SH   SOLE   412,052 0 0
TANGER INC COM 875465106   18,066,704 651,757 SH   SOLE   651,757 0 0
HILTON WORLDWIDE HOLDINGS INC. COM 43300A203   17,677,843 97,083 SH   SOLE   97,083 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107   17,674,535 160,590 SH   SOLE   160,590 0 0
AMERICAN HOMES 4 RENT LLC CL A 02665T306   13,617,800 378,693 SH   SOLE   378,693 0 0
SMARTRENT, INC. COM CL A 83193G107   9,848,391 3,087,270 SH   SOLE   3,087,270 0 0
CBRE GROUP, INC. CLASS A CL A 12504L109   2,582,317 27,740 SH   SOLE   27,740 0 0