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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Agree Realty Corp COM 008492100   172,677,516 2,743,090 SH   DFND 1 2,743,090 0 0
Alexandria Real Estate Equitie COM 015271109   111,611,984 880,429 SH   DFND 1 880,429 0 0
American Homes 4 Rent COM 02665T306   23,679,121 658,485 SH   DFND 1 658,485 0 0
American Tower Corp COM 03027X100   121,245,980 561,636 SH   DFND 1 561,636 0 0
Americold Realty Trust Inc COM 03064D108   19,261,891 636,336 SH   DFND 1 636,336 0 0
Apartment Income REIT Corp COM 03750L109   3,946,300 113,628 SH   DFND 1 113,628 0 0
Avalon Bay Communities COM 053484101   86,168,941 460,255 SH   DFND 1 460,255 0 0
Boston Properties COM 101121101   109,079,054 1,554,497 SH   DFND 1 1,554,497 0 0
Brixmor Property Group Inc COM 11120U105   148,787,822 6,393,976 SH   DFND 1 6,393,976 0 0
Broadstone Net Lease Inc COM 11135E203   47,215,070 2,741,874 SH   DFND 1 2,741,874 0 0
Camden Property Trust COM 133131102   111,590,343 1,123,883 SH   DFND 1 1,123,883 0 0
CareTrust REIT Inc COM 14174T107   48,767,542 2,179,068 SH   DFND 1 2,179,068 0 0
Centerspace COM 15202L107   680,940 11,700 SH   DFND 1 11,700 0 0
COPT Defense Properties COM 22002T108   1,134,128 44,250 SH   DFND 1 44,250 0 0
Corp Inmobiliaria Vesta SAB COM 92540K109   7,343,567 185,350 SH   DFND 1 185,350 0 0
Cousins Properties Inc COM 222795502   80,993,189 3,326,209 SH   DFND 1 3,326,209 0 0
Crown Castle Intl Corp COM 22822V101   6,706,362 58,220 SH   DFND 1 58,220 0 0
Cubesmart COM 229663109   36,432,444 786,029 SH   DFND 1 786,029 0 0
DiamondRock Hospitality Co COM 252784301   30,253,641 3,221,900 SH   DFND 1 3,221,900 0 0
Digital Realty Trust Inc COM 253868103   262,990,987 1,954,161 SH   DFND 1 1,954,161 0 0
DigitalBridge Group Inc COM 25401T603   1,053,628 60,070 SH   DFND 1 60,070 0 0
Douglas Emmett Inc COM 25960P109   38,585,950 2,661,100 SH   DFND 1 2,661,100 0 0
EastGroup Properties Inc COM 277276101   5,589,894 30,456 SH   DFND 1 30,456 0 0
Elme Communities COM 939653101   17,365,342 1,189,407 SH   DFND 1 1,189,407 0 0
Equinix Inc COM 29444U700   504,830,533 626,815 SH   DFND 1 626,815 0 0
Equity Lifestyle Properties COM 29472R108   7,063,170 100,130 SH   DFND 1 100,130 0 0
Equity Residential Properties COM 29476L107   259,370,447 4,240,851 SH   DFND 1 4,240,851 0 0
Essential Properties Realty COM 29670E107   398,225 15,580 SH   DFND 1 15,580 0 0
Essex Property Trust Inc COM 297178105   17,961,269 72,442 SH   DFND 1 72,442 0 0
Extra Space Storage Inc COM 30225T102   305,689,026 1,906,624 SH   DFND 1 1,906,624 0 0
Federal Realty Investment Trus COM 313745101   12,286,342 119,227 SH   DFND 1 119,227 0 0
First Industrial Realty Trust COM 32054K103   188,102,530 3,571,341 SH   DFND 1 3,571,341 0 0
Four Corners Property Trust COM 35086T109   367,255 14,516 SH   DFND 1 14,516 0 0
Healthpeak Properties Inc COM 42250P103   177,823,562 8,980,988 SH   DFND 1 8,980,988 0 0
Highwoods Properties Inc COM 431284108   13,617,415 593,093 SH   DFND 1 593,093 0 0
Host Hotels & Resorts Inc COM 44107P104   125,093,757 6,424,949 SH   DFND 1 6,424,949 0 0
IHS Holding Ltd COM G4701H109   506,000 110,000 SH   DFND 1 110,000 0 0
Independence Realty Trust Inc COM 45378A106   25,088,313 1,639,759 SH   DFND 1 1,639,759 0 0
Invitation Homes Inc COM 46187W107   216,469,974 6,346,232 SH   DFND 1 6,346,232 0 0
Iron Mountain Inc COM 46284V101   1,347,045 19,249 SH   DFND 1 19,249 0 0
Kilroy Realty Corporation COM 49427F108   80,080,432 2,010,051 SH   DFND 1 2,010,051 0 0
Kimco Realty Corp COM 49446R109   133,417,840 6,260,809 SH   DFND 1 6,260,809 0 0
Lamar Advertising Company COM 512816109   25,781,509 242,581 SH   DFND 1 242,581 0 0
LXP Industrial Trust COM 529043101   2,022,688 203,900 SH   DFND 1 203,900 0 0
Medical Properties Trust Inc COM 58463J304   37,488,400 7,635,112 SH   DFND 1 7,635,112 0 0
Mid-America Apartment Communit COM 59522J103   14,242,407 105,923 SH   DFND 1 105,923 0 0
NEXTERA ENERGY INC COM 65339F101   971,840 16,000 SH   DFND 1 16,000 0 0
NNN REIT COM 637417106   86,725,518 2,012,193 SH   DFND 1 2,012,193 0 0
Omega Healthcare Investors Inc COM 681936100   80,422,345 2,623,038 SH   DFND 1 2,623,038 0 0
Outfront Media Inc COM 69007J106   3,832,257 274,517 SH   DFND 1 274,517 0 0
Paramount Group Inc COM 69924R108   11,054,024 2,138,109 SH   DFND 1 2,138,109 0 0
Physicians Realty Trust COM 71943U104   1,284,415 96,500 SH   DFND 1 96,500 0 0
Prologis Trust COM 74340W103   665,140,607 4,989,802 SH   DFND 1 4,989,802 0 0
Public Storage Inc COM 74460D109   235,790,925 773,085 SH   DFND 1 773,085 0 0
Realty Income Corp COM 756109104   252,219,532 4,392,538 SH   DFND 1 4,392,538 0 0
Regency Centers Corp COM 758849103   14,035,093 209,479 SH   DFND 1 209,479 0 0
Retail Opportunity Investments COM 76131N101   93,525,846 6,666,133 SH   DFND 1 6,666,133 0 0
Rexford Industrial Realty COM 76169C100   170,218,283 3,034,194 SH   DFND 1 3,034,194 0 0
RPT Realty COM 74971D101   46,559,505 3,628,956 SH   DFND 1 3,628,956 0 0
Saul Centers Inc COM 804395101   318,087 8,100 SH   DFND 1 8,100 0 0
SBA Communications Corp COM 78410G104   40,436,156 159,392 SH   DFND 1 159,392 0 0
Simon Property Group Inc COM 828806109   182,863,054 1,281,990 SH   DFND 1 1,281,990 0 0
Spirit Realty Capital COM 84860W300   1,193,873 27,326 SH   DFND 1 27,326 0 0
STAG Industrial COM 85254J102   4,081,313 103,956 SH   DFND 1 103,956 0 0
Sun Communities Inc COM 866674104   210,756,294 1,576,927 SH   DFND 1 1,576,927 0 0
Terreno Realty Corp COM 88146M101   5,780,305 92,234 SH   DFND 1 92,234 0 0
Tricon Residential Inc COM 89612W102   64,054,627 7,038,970 SH   DFND 1 7,038,970 0 0
UDR Inc COM 902653104   243,967,607 6,371,575 SH   DFND 1 6,371,575 0 0
Urban Edge Properties COM 91704F104   23,836,610 1,302,547 SH   DFND 1 1,302,547 0 0
Ventas Inc COM 92276F100   268,690,430 5,391,060 SH   DFND 1 5,391,060 0 0
VICI Properties Inc COM 925652109   138,361,910 4,340,085 SH   DFND 1 4,340,085 0 0
Welltower Inc COM 95040Q104   309,733,048 3,434,990 SH   DFND 1 3,434,990 0 0
Weyerhaeuser Co COM 962166104   14,172,600 407,610 SH   DFND 1 407,610 0 0
WP Carey Inc COM 92936U109   1,233,269 19,029 SH   DFND 1 19,029 0 0
Xenia Hotels & Resorts Inc COM 984017103   41,913,384 3,077,341 SH   DFND 1 3,077,341 0 0
Agree Realty Corp COM 008492100   40,355,923 641,079 SH   DFND 2 641,079 0 0
Alexandria Real Estate Equitie COM 015271109   31,673,485 249,850 SH   DFND 2 249,850 0 0
American Tower Corp COM 03027X100   12,287,890 56,920 SH   DFND 2 56,920 0 0
Americold Realty Trust Inc COM 03064D108   7,918,632 261,600 SH   DFND 2 261,600 0 0
Avalon Bay Communities COM 053484101   24,368,555 130,160 SH   DFND 2 130,160 0 0
Boston Properties COM 101121101   23,915,339 340,820 SH   DFND 2 340,820 0 0
Brixmor Property Group Inc COM 11120U105   37,665,986 1,618,650 SH   DFND 2 1,618,650 0 0
Broadstone Net Lease Inc COM 11135E203   13,888,619 806,540 SH   DFND 2 806,540 0 0
Camden Property Trust COM 133131102   21,366,215 215,190 SH   DFND 2 215,190 0 0
CareTrust REIT Inc COM 14174T107   11,329,427 506,230 SH   DFND 2 506,230 0 0
Cousins Properties Inc COM 222795502   22,089,346 907,160 SH   DFND 2 907,160 0 0
Cubesmart COM 229663109   15,441,503 333,150 SH   DFND 2 333,150 0 0
DiamondRock Hospitality Co COM 252784301   11,661,253 1,241,880 SH   DFND 2 1,241,880 0 0
Digital Realty Trust Inc COM 253868103   66,205,285 491,940 SH   DFND 2 491,940 0 0
Douglas Emmett Inc COM 25960P109   11,164,420 769,960 SH   DFND 2 769,960 0 0
Elme Communities COM 939653101   5,932,695 406,349 SH   DFND 2 406,349 0 0
Equinix Inc COM 29444U700   132,127,451 164,054 SH   DFND 2 164,054 0 0
Equity Residential Properties COM 29476L107   62,347,116 1,019,410 SH   DFND 2 1,019,410 0 0
Extra Space Storage Inc COM 30225T102   76,918,318 479,750 SH   DFND 2 479,750 0 0
First Industrial Realty Trust COM 32054K103   40,452,140 768,030 SH   DFND 2 768,030 0 0
Healthpeak Properties Inc COM 42250P103   46,267,254 2,336,730 SH   DFND 2 2,336,730 0 0
Highwoods Properties Inc COM 431284108   6,739,908 293,550 SH   DFND 2 293,550 0 0
Host Hotels & Resorts Inc COM 44107P104   34,310,034 1,762,200 SH   DFND 2 1,762,200 0 0
Independence Realty Trust Inc COM 45378A106   8,437,644 551,480 SH   DFND 2 551,480 0 0
Invitation Homes Inc COM 46187W107   50,921,455 1,492,860 SH   DFND 2 1,492,860 0 0
Kilroy Realty Corporation COM 49427F108   18,171,422 456,110 SH   DFND 2 456,110 0 0
Kimco Realty Corp COM 49446R109   33,284,089 1,561,900 SH   DFND 2 1,561,900 0 0
Lamar Advertising Company COM 512816109   9,982,880 93,930 SH   DFND 2 93,930 0 0
Medical Properties Trust Inc COM 58463J304   9,625,093 1,960,304 SH   DFND 2 1,960,304 0 0
NNN REIT COM 637417106   23,840,765 553,150 SH   DFND 2 553,150 0 0
Omega Healthcare Investors Inc COM 681936100   23,597,162 769,640 SH   DFND 2 769,640 0 0
Outfront Media Inc COM 69007J106   2,218,593 158,925 SH   DFND 2 158,925 0 0
Paramount Group Inc COM 69924R108   2,937,025 568,090 SH   DFND 2 568,090 0 0
Prologis Trust COM 74340W103   163,052,427 1,223,199 SH   DFND 2 1,223,199 0 0
Public Storage Inc COM 74460D109   58,486,800 191,760 SH   DFND 2 191,760 0 0
Realty Income Corp COM 756109104   70,595,593 1,229,460 SH   DFND 2 1,229,460 0 0
Retail Opportunity Investments COM 76131N101   22,608,082 1,611,410 SH   DFND 2 1,611,410 0 0
Rexford Industrial Realty COM 76169C100   37,563,438 669,580 SH   DFND 2 669,580 0 0
RPT Realty COM 74971D101   13,433,421 1,047,032 SH   DFND 2 1,047,032 0 0
Simon Property Group Inc COM 828806109   53,766,722 376,940 SH   DFND 2 376,940 0 0
Sun Communities Inc COM 866674104   52,810,862 395,143 SH   DFND 2 395,143 0 0
Tricon Residential Inc COM 89612W102   18,382,000 2,020,000 SH   DFND 2 2,020,000 0 0
UDR Inc COM 902653104   52,070,188 1,359,890 SH   DFND 2 1,359,890 0 0
Urban Edge Properties COM 91704F104   10,287,107 562,137 SH   DFND 2 562,137 0 0
Ventas Inc COM 92276F100   62,738,592 1,258,800 SH   DFND 2 1,258,800 0 0
VICI Properties Inc COM 925652109   45,843,121 1,437,990 SH   DFND 2 1,437,990 0 0
Welltower Inc COM 95040Q104   75,578,691 838,180 SH   DFND 2 838,180 0 0
Xenia Hotels & Resorts Inc COM 984017103   10,203,014 749,120 SH   DFND 2 749,120 0 0
Agree Realty Corp COM 008492100   6,089,342 96,733 SH   DFND 3 96,733 0 0
Alexandria Real Estate Equitie COM 015271109   3,560,969 28,090 SH   DFND 3 28,090 0 0
American Tower Corp COM 03027X100   4,196,707 19,440 SH   DFND 3 19,440 0 0
Avalon Bay Communities COM 053484101   1,452,453 7,758 SH   DFND 3 7,758 0 0
Boston Properties COM 101121101   3,216,593 45,840 SH   DFND 3 45,840 0 0
Brixmor Property Group Inc COM 11120U105   5,457,048 234,510 SH   DFND 3 234,510 0 0
Broadstone Net Lease Inc COM 11135E203   1,737,016 100,872 SH   DFND 3 100,872 0 0
Camden Property Trust COM 133131102   3,122,671 31,450 SH   DFND 3 31,450 0 0
CareTrust REIT Inc COM 14174T107   1,651,196 73,780 SH   DFND 3 73,780 0 0
Corp Inmobiliaria Vesta SAB COM 92540K109   989,945 24,986 SH   DFND 3 24,986 0 0
Cousins Properties Inc COM 222795502   3,256,569 133,740 SH   DFND 3 133,740 0 0
Cubesmart COM 229663109   407,880 8,800 SH   DFND 3 8,800 0 0
DiamondRock Hospitality Co COM 252784301   273,531 29,130 SH   DFND 3 29,130 0 0
Digital Realty Trust Inc COM 253868103   8,260,520 61,380 SH   DFND 3 61,380 0 0
Douglas Emmett Inc COM 25960P109   1,326,170 91,460 SH   DFND 3 91,460 0 0
Elme Communities COM 939653101   148,380 10,163 SH   DFND 3 10,163 0 0
Equinix Inc COM 29444U700   16,571,705 20,576 SH   DFND 3 20,576 0 0
Equity Residential Properties COM 29476L107   8,380,143 137,020 SH   DFND 3 137,020 0 0
Extra Space Storage Inc COM 30225T102   10,615,449 66,210 SH   DFND 3 66,210 0 0
First Industrial Realty Trust COM 32054K103   5,823,195 110,560 SH   DFND 3 110,560 0 0
Healthpeak Properties Inc COM 42250P103   6,722,496 339,520 SH   DFND 3 339,520 0 0
Host Hotels & Resorts Inc COM 44107P104   4,393,016 225,630 SH   DFND 3 225,630 0 0
Independence Realty Trust Inc COM 45378A106   219,249 14,330 SH   DFND 3 14,330 0 0
Invitation Homes Inc COM 46187W107   5,657,144 165,850 SH   DFND 3 165,850 0 0
Kilroy Realty Corporation COM 49427F108   2,162,196 54,272 SH   DFND 3 54,272 0 0
Kimco Realty Corp COM 49446R109   4,010,116 188,180 SH   DFND 3 188,180 0 0
Lamar Advertising Company COM 512816109   390,048 3,670 SH   DFND 3 3,670 0 0
Medical Properties Trust Inc COM 58463J304   1,562,161 318,159 SH   DFND 3 318,159 0 0
NNN REIT COM 637417106   3,858,312 89,520 SH   DFND 3 89,520 0 0
Omega Healthcare Investors Inc COM 681936100   3,138,664 102,370 SH   DFND 3 102,370 0 0
Paramount Group Inc COM 69924R108   535,198 103,520 SH   DFND 3 103,520 0 0
Prologis Trust COM 74340W103   18,170,123 136,310 SH   DFND 3 136,310 0 0
Public Storage Inc COM 74460D109   7,100,400 23,280 SH   DFND 3 23,280 0 0
Realty Income Corp COM 756109104   8,974,746 156,300 SH   DFND 3 156,300 0 0
Retail Opportunity Investments COM 76131N101   3,371,128 240,280 SH   DFND 3 240,280 0 0
Rexford Industrial Realty COM 76169C100   5,665,539 100,990 SH   DFND 3 100,990 0 0
RPT Realty COM 74971D101   2,090,841 162,965 SH   DFND 3 162,965 0 0
SBA Communications Corp COM 78410G104   1,496,771 5,900 SH   DFND 3 5,900 0 0
Simon Property Group Inc COM 828806109   5,657,102 39,660 SH   DFND 3 39,660 0 0
Sun Communities Inc COM 866674104   7,094,008 53,079 SH   DFND 3 53,079 0 0
Tricon Residential Inc COM 89612W102   458,458 50,380 SH   DFND 3 50,380 0 0
UDR Inc COM 902653104   7,767,892 202,870 SH   DFND 3 202,870 0 0
Urban Edge Properties COM 91704F104   196,725 10,750 SH   DFND 3 10,750 0 0
Ventas Inc COM 92276F100   9,153,614 183,660 SH   DFND 3 183,660 0 0
VICI Properties Inc COM 925652109   4,233,983 132,810 SH   DFND 3 132,810 0 0
Welltower Inc COM 95040Q104   9,628,353 106,780 SH   DFND 3 106,780 0 0
Weyerhaeuser Co COM 962166104   840,043 24,160 SH   DFND 3 24,160 0 0
Xenia Hotels & Resorts Inc COM 984017103   1,811,596 133,010 SH   DFND 3 133,010 0 0
Agree Realty Corp COM 008492100   5,503,719 87,430 SH   DFND 4 87,430 0 0
Alexandria Real Estate Equitie COM 015271109   3,127,416 24,670 SH   DFND 4 24,670 0 0
Avalon Bay Communities COM 053484101   1,022,221 5,460 SH   DFND 4 5,460 0 0
Boston Properties COM 101121101   3,196,244 45,550 SH   DFND 4 45,550 0 0
Brixmor Property Group Inc COM 11120U105   5,138,016 220,800 SH   DFND 4 220,800 0 0
Broadstone Net Lease Inc COM 11135E203   1,573,615 91,383 SH   DFND 4 91,383 0 0
Camden Property Trust COM 133131102   2,762,248 27,820 SH   DFND 4 27,820 0 0
CareTrust REIT Inc COM 14174T107   1,439,034 64,300 SH   DFND 4 64,300 0 0
Corp Inmobiliaria Vesta SAB COM 92540K109   1,047,315 26,434 SH   DFND 4 26,434 0 0
Cousins Properties Inc COM 222795502   3,218,583 132,180 SH   DFND 4 132,180 0 0
Digital Realty Trust Inc COM 253868103   7,835,248 58,220 SH   DFND 4 58,220 0 0
Douglas Emmett Inc COM 25960P109   1,291,515 89,070 SH   DFND 4 89,070 0 0
Equinix Inc COM 29444U700   15,638,258 19,417 SH   DFND 4 19,417 0 0
Equity Residential Properties COM 29476L107   7,959,974 130,150 SH   DFND 4 130,150 0 0
Extra Space Storage Inc COM 30225T102   9,828,229 61,300 SH   DFND 4 61,300 0 0
First Industrial Realty Trust COM 32054K103   5,349,692 101,570 SH   DFND 4 101,570 0 0
Healthpeak Properties Inc COM 42250P103   6,316,398 319,010 SH   DFND 4 319,010 0 0
Host Hotels & Resorts Inc COM 44107P104   4,186,050 215,000 SH   DFND 4 215,000 0 0
Invitation Homes Inc COM 46187W107   5,549,697 162,700 SH   DFND 4 162,700 0 0
Kilroy Realty Corporation COM 49427F108   2,105,783 52,856 SH   DFND 4 52,856 0 0
Kimco Realty Corp COM 49446R109   3,704,104 173,820 SH   DFND 4 173,820 0 0
Medical Properties Trust Inc COM 58463J304   1,639,056 333,820 SH   DFND 4 333,820 0 0
NNN REIT COM 637417106   3,273,014 75,940 SH   DFND 4 75,940 0 0
Omega Healthcare Investors Inc COM 681936100   2,765,747 90,207 SH   DFND 4 90,207 0 0
Paramount Group Inc COM 69924R108   530,494 102,610 SH   DFND 4 102,610 0 0
Prologis Trust COM 74340W103   16,435,890 123,300 SH   DFND 4 123,300 0 0
Public Storage Inc COM 74460D109   6,828,950 22,390 SH   DFND 4 22,390 0 0
Realty Income Corp COM 756109104   9,202,703 160,270 SH   DFND 4 160,270 0 0
Retail Opportunity Investments COM 76131N101   3,225,778 229,920 SH   DFND 4 229,920 0 0
Rexford Industrial Realty COM 76169C100   5,084,343 90,630 SH   DFND 4 90,630 0 0
RPT Realty COM 74971D101   2,008,921 156,580 SH   DFND 4 156,580 0 0
Simon Property Group Inc COM 828806109   5,242,020 36,750 SH   DFND 4 36,750 0 0
Sun Communities Inc COM 866674104   6,707,894 50,190 SH   DFND 4 50,190 0 0
UDR Inc COM 902653104   7,000,944 182,840 SH   DFND 4 182,840 0 0
Ventas Inc COM 92276F100   8,489,247 170,330 SH   DFND 4 170,330 0 0
VICI Properties Inc COM 925652109   3,747,494 117,550 SH   DFND 4 117,550 0 0
Welltower Inc COM 95040Q104   8,962,898 99,400 SH   DFND 4 99,400 0 0
Xenia Hotels & Resorts Inc COM 984017103   1,768,829 129,870 SH   DFND 4 129,870 0 0