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
EQUINIX REIT INC EQU 29444U700   1,401,379 1,740 SH   SOLE 11 1,740 0 0
EQUITY RESIDENTIAL SH BEN IN T EQU 29476L107   3,033,536 49,600 SH   SOLE 11 49,600 0 0
EXTRA SPACE STORAGE INC EQU 30225T102   2,741,322 17,098 SH   SOLE 11 17,098 0 0
GAMING AND LEISURE PROPERTIES INC EQU 36467J108   1,217,415 24,669 SH   SOLE 11 24,669 0 0
HOST HOTELS & RESORTS INC EQU 44107P104   478,806 24,592 SH   SOLE 11 24,592 0 0
INVITATION HOMES INC EQU 46187W107   3,014,539 88,377 SH   SOLE 11 88,377 0 0
ISHARES CORE MSCI EMERGING MARKETS EQU 46434G103   2,788,880 55,138 SH   SOLE 11 55,138 0 0
KIMCO REALTY CORP EQU 49446R109   768,780 36,076 SH   SOLE 11 36,076 0 0
MID AMERICA APT EQU 59522J103   1,105,396 8,221 SH   SOLE 11 8,221 0 0
PROLOGIS INC EQU 74340W103   3,841,973 28,822 SH   SOLE 11 28,822 0 0
PUBLIC STORAGE EQU 74460D109   3,711,240 12,168 SH   SOLE 11 12,168 0 0
SBA COMMUNICATIONS CORP CLASS A EQU 78410G104   2,496,817 9,842 SH   SOLE 11 9,842 0 0
SPDR S&P 500 ETF TRUST EQU 78462F103   50,034,933 105,268 SH   SOLE 11 105,268 0 0
VENTAS INC EQU 92276F100   1,822,200 36,561 SH   SOLE 11 36,561 0 0
HEALTHPEAK PROPERTIES INC EQU 42250P103   2,005,700 101,298 SH   SOLE 11 101,298 0 0
FIRST INDUSTRIAL REALTY TRUST EQU 32054K103   3,727,983 70,780 SH   SOLE 11 70,780 0 0
AMERICOLD REALTY TRUST EQU 03064D108   1,041,439 34,405 SH   SOLE 11 34,405 0 0
BRIXMOR PROPERTY GROUP INC EQU 11120U105   871,159 37,437 SH   SOLE 11 37,437 0 0
RETAIL OPPORTUNITY INVESTMEN EQU 76131N101   845,209 60,243 SH   SOLE 11 60,243 0 0
REXFORD INDUSTRIAL REALTY REIT INC EQU 76169C100   1,316,499 23,467 SH   SOLE 11 23,467 0 0
ISHARES TRUST ISHARES 5-10 YEA EQU 464288638   240,970,080 4,634,040 SH   SOLE 11 4,634,040 0 0
ISHARES TRUST ISHARES 1-5 YEAR EQU 464288646   179,648,885 3,503,635 SH   SOLE 11 3,503,635 0 0
ISHARES CORE S&P TOTAL U.S. STOCK EQU 464287150   16,321,804 155,106 SH   SOLE 11 155,106 0 0
AVALONBAY CMNTYS INC EQU 053484101   3,541,828 18,918 SH   SOLE 11 18,918 0 0
DIGITAL REALTY TRUST INC EQU 253868103   6,650,405 49,416 SH   SOLE 11 49,416 0 0
ESSEX PROPERTY EQU 297178105   729,192 2,941 SH   SOLE 11 2,941 0 0
ISHARES IBOXX USD HIGH YIELD CORPO EQU 464288513   92,697,742 1,197,800 SH   SOLE 11 1,197,800 0 0
PARK HOTELS RESORTS INC EQU 700517105   378,185 24,718 SH   SOLE 11 24,718 0 0
SIMON PPTY GROUP INC EQU 828806109   5,363,407 37,601 SH   SOLE 11 37,601 0 0
WASHINGTON REAL ESTATE EQU 939653101   194,151 13,298 SH   SOLE 11 13,298 0 0
ALEXANDRIA REAL ESTATE EQU 015271109   1,438,840 11,350 SH   SOLE 11 11,350 0 0
REALTY INCOME CORP EQU 756109104   2,652,517 46,195 SH   SOLE 11 46,195 0 0
SUN COMMUNITIES EQU 866674104   2,536,276 18,977 SH   SOLE 11 18,977 0 0
ISHARES NATIONAL MUNI BOND ETF EQU 464288414   5,379,846 49,625 SH   SOLE 11 49,625 0 0
BOSTON PPTYS INC EQU 101121101   446,071 6,357 SH   SOLE 11 6,357 0 0
OMEGA HEALTHCARE INVESTORS EQU 681936100   991,912 32,352 SH   SOLE 11 32,352 0 0
VORNADO RLTY TR EQU 929042109   219,390 7,766 SH   SOLE 11 7,766 0 0
NATIONAL RETAIL PROPERTIES EQU 637417106   1,523,025 35,337 SH   SOLE 11 35,337 0 0
ISHARES CORE S&P 500 ETF EQU 464287200   38,408,139 80,414 SH   SOLE 11 80,414 0 0
UDR INC EQU 902653104   848,162 22,151 SH   SOLE 11 22,151 0 0
VICI PPTYS INC EQU 925652109   3,871,157 121,429 SH   SOLE 11 121,429 0 0
ISHARES BROAD USD HIGH YIELD CORPO EQU 46435U853   44,637,800 1,228,000 SH   SOLE 11 1,228,000 0 0
NATIONAL STORAGE AFFILIATES TRUST EQU 637870106   244,797 5,903 SH   SOLE 11 5,903 0 0
SPDR PORTFOLIO SHORT TERM CORPORAT EQU 78464A474   24,238,538 813,920 SH   SOLE 11 813,920 0 0
HEALTHCARE REALTY TRUST INC CLASS EQU 42226K105   733,429 42,567 SH   SOLE 11 42,567 0 0
BRANDYWINE REALTY EQU 105368203   119,345 22,101 SH   SOLE 11 22,101 0 0
SAFEHOLD INC EQU 78646V107   1,043,546 44,596 SH   SOLE 11 44,596 0 0
BROADSTONE NET LEASE INC EQU 11135E203   1,330,279 77,252 SH   SOLE 11 77,252 0 0
EPR PROPERTIES EQU 26884U109   267,347 5,518 SH   SOLE 11 5,518 0 0
INVENTRUST PROPERTIES CORP EQU 46124J201   282,414 11,145 SH   SOLE 11 11,145 0 0
SUNSTONE HOTEL INVESTORS INC EQU 867892101   355,657 33,146 SH   SOLE 11 33,146 0 0
AT&T INC EQU 00206R102   405,975 24,194 SH   SOLE 12 24,194 0 0
ABBVIE INC EQU 00287Y109   915,253 5,906 SH   SOLE 12 5,906 0 0
ADOBE INC EQU 00724F101   942,628 1,580 SH   SOLE 12 1,580 0 0
ALPHABET INC CLASS C EQU 02079K107   2,495,870 17,710 SH   SOLE 12 17,710 0 0
ALPHABET INC CLASS A EQU 02079K305   2,782,485 19,919 SH   SOLE 12 19,919 0 0
ALTRIA GROUP INC. EQU 02209S103   210,534 5,219 SH   SOLE 12 5,219 0 0
AMERICAN TOWER CORP EQU 03027X100   377,790 1,750 SH   SOLE 12 1,750 0 0
BLACKROCK INC EQU 09247X101   410,771 506 SH   SOLE 12 506 0 0
BOOKING HOLDINGS INC EQU 09857L108   422,119 119 SH   SOLE 12 119 0 0
BROADCOM INC EQU 11135F101   1,554,936 1,393 SH   SOLE 12 1,393 0 0
CME GROUP INC. EQU 12572Q105   276,307 1,312 SH   SOLE 12 1,312 0 0
CISCO SYS INC EQU 17275R102   672,421 13,310 SH   SOLE 12 13,310 0 0
COMCAST CORP NEW CL A EQU 20030N101   587,502 13,398 SH   SOLE 12 13,398 0 0
CONOCOPHILLIPS EQU 20825C104   461,959 3,980 SH   SOLE 12 3,980 0 0
COSTCO WHS L CORP NEW COM EQU 22160K105   1,032,365 1,564 SH   SOLE 12 1,564 0 0
CROWN CASTLE INTERNATIONAL REIT CO EQU 22822V101   208,955 1,814 SH   SOLE 12 1,814 0 0
D R HORTON INC COM EQU 23331A109   210,644 1,386 SH   SOLE 12 1,386 0 0
DELL TECHNOLOGIES WHEN ISSUED INC EQU 24703L202   212,441 2,777 SH   SOLE 12 2,777 0 0
DUKE ENERGY HLDG CORP EQU 26441C204   239,398 2,467 SH   SOLE 12 2,467 0 0
EQUINIX REIT INC EQU 29444U700   1,990,924 2,472 SH   SOLE 12 2,472 0 0
EQUITY RESIDENTIAL SH BEN IN T EQU 29476L107   3,738,466 61,126 SH   SOLE 12 61,126 0 0
EXTRA SPACE STORAGE INC EQU 30225T102   3,372,862 21,037 SH   SOLE 12 21,037 0 0
EXXON MOBIL CORP EQU 30231G102   1,338,332 13,386 SH   SOLE 12 13,386 0 0
FACEBOOK INC EQU 30303M102   2,617,534 7,395 SH   SOLE 12 7,395 0 0
FEDEX CORP EQU 31428X106   208,447 824 SH   SOLE 12 824 0 0
GAMING AND LEISURE PROPERTIES INC EQU 36467J108   1,545,889 31,325 SH   SOLE 12 31,325 0 0
GOLDMAN SA CHS GROUP INC EQU 38141G104   428,976 1,112 SH   SOLE 12 1,112 0 0
HOST HOTELS & RESORTS INC EQU 44107P104   639,823 32,862 SH   SOLE 12 32,862 0 0
INTUITIVE SURGICAL INC EQU 46120E602   413,941 1,227 SH   SOLE 12 1,227 0 0
INVITATION HOMES INC EQU 46187W107   3,838,330 112,528 SH   SOLE 12 112,528 0 0
JP MORGAN CHASE & CO EQU 46625H100   1,578,188 9,278 SH   SOLE 12 9,278 0 0
KKR AND CO INC CLASS A EQU 48251W104   224,441 2,709 SH   SOLE 12 2,709 0 0
KIMCO REALTY CORP EQU 49446R109   900,433 42,254 SH   SOLE 12 42,254 0 0
MARATHON PETROLEUM CORP EQU 56585A102   271,647 1,831 SH   SOLE 12 1,831 0 0
MASTERCARD INC CLASS A EQU 57636Q104   1,213,421 2,845 SH   SOLE 12 2,845 0 0
MCKESSON CORP EQU 58155Q103   277,788 600 SH   SOLE 12 600 0 0
MERCK & CO. INC. EQU 58933Y105   915,659 8,399 SH   SOLE 12 8,399 0 0
MID AMERICA APT EQU 59522J103   1,376,198 10,235 SH   SOLE 12 10,235 0 0
NETFLIX INC EQU 64110L106   721,556 1,482 SH   SOLE 12 1,482 0 0
NEXTERA ENERGY INC EQU 65339F101   403,860 6,649 SH   SOLE 12 6,649 0 0
NVIDIA CORP EQU 67066G104   4,068,232 8,215 SH   SOLE 12 8,215 0 0
OREILLY AUTOMOTIVE INC EQU 67103H107   269,823 284 SH   SOLE 12 284 0 0
ORACLE CORP COM EQU 68389X105   567,108 5,379 SH   SOLE 12 5,379 0 0
PROLOGIS INC EQU 74340W103   5,165,642 38,752 SH   SOLE 12 38,752 0 0
PUBLIC STORAGE EQU 74460D109   4,276,100 14,020 SH   SOLE 12 14,020 0 0
REGENERON PHARMACEUTICALS INC EQU 75886F107   317,063 361 SH   SOLE 12 361 0 0
S&P GLOBAL INC EQU 78409V104   403,957 917 SH   SOLE 12 917 0 0
SBA COMMUNICATIONS CORP CLASS A EQU 78410G104   3,096,033 12,204 SH   SOLE 12 12,204 0 0
SPDR S&P 500 ETF TRUST EQU 78462F103   37,904,071 79,746 SH   SOLE 12 79,746 0 0
SPDR BLOOMBERG BARCLAYS HIGH YIELD EQU 78468R622   20,169,248 212,913 SH   SOLE 12 212,913 0 0
SALESFORCE.COM INC EQU 79466L302   904,938 3,439 SH   SOLE 12 3,439 0 0
SERVICENOW INC EQU 81762P102   463,457 656 SH   SOLE 12 656 0 0
TESLA INC EQU 88160R101   2,377,705 9,569 SH   SOLE 12 9,569 0 0
UBER TECHNOLOGIES INC EQU 90353T100   370,651 6,020 SH   SOLE 12 6,020 0 0
UNITEDHEALTH GROUP INC EQU 91324P102   1,687,863 3,206 SH   SOLE 12 3,206 0 0
VENTAS INC EQU 92276F100   2,327,079 46,691 SH   SOLE 12 46,691 0 0
VERIZON COMMUNICATIONS EQU 92343V104   548,987 14,562 SH   SOLE 12 14,562 0 0
VERTEX PHARMACEUTICALS EQU 92532F100   378,815 931 SH   SOLE 12 931 0 0
VISA INC EQU 92826C839   1,387,666 5,330 SH   SOLE 12 5,330 0 0
WASTE MGMT INC DEL EQU 94106L109   246,800 1,378 SH   SOLE 12 1,378 0 0
ZOETIS INC EQU 98978V103   315,003 1,596 SH   SOLE 12 1,596 0 0
ACCENTURE PLC EQU G1151C101   751,649 2,142 SH   SOLE 12 2,142 0 0
EATON CORP PLC EQU G29183103   351,597 1,460 SH   SOLE 12 1,460 0 0
MEDTRONIC PLC EQU G5960L103   374,829 4,550 SH   SOLE 12 4,550 0 0
CHUBB LTD EQU H1467J104   275,720 1,220 SH   SOLE 12 1,220 0 0
HEALTHPEAK PROPERTIES INC EQU 42250P103   2,504,700 126,500 SH   SOLE 12 126,500 0 0
FIRST INDUSTRIAL REALTY TRUST EQU 32054K103   4,696,373 89,166 SH   SOLE 12 89,166 0 0
AMERICOLD REALTY TRUST EQU 03064D108   1,300,308 42,957 SH   SOLE 12 42,957 0 0
BRIXMOR PROPERTY GROUP INC EQU 11120U105   1,087,640 46,740 SH   SOLE 12 46,740 0 0
CORPORATE OFFICE PROPERTIES TRUST EQU 22002T108   213,549 8,332 SH   SOLE 12 8,332 0 0
INGERSOLL RAND INC EQU 45687V106   208,973 2,702 SH   SOLE 12 2,702 0 0
RETAIL OPPORTUNITY INVESTMEN EQU 76131N101   967,312 68,946 SH   SOLE 12 68,946 0 0
REXFORD INDUSTRIAL REALTY REIT INC EQU 76169C100   1,642,496 29,278 SH   SOLE 12 29,278 0 0
BLACKSTONE INC EQU 09260D107   349,818 2,672 SH   SOLE 12 2,672 0 0
TRANE TECHNOLOGIES PLC EQU G8994E103   226,827 930 SH   SOLE 12 930 0 0
ISHARES TRUST ISHARES 5-10 YEA EQU 464288638   43,804,332 842,391 SH   SOLE 12 842,391 0 0
ISHARES TRUST ISHARES 1-5 YEAR EQU 464288646   103,930,015 2,026,914 SH   SOLE 12 2,026,914 0 0
ABBOTT LABS EQU 002824100   649,083 5,897 SH   SOLE 12 5,897 0 0
ADVANCED MICRO DEVICES INC EQU 007903107   795,424 5,396 SH   SOLE 12 5,396 0 0
AMAZON COM INC EQU 023135106   4,704,974 30,966 SH   SOLE 12 30,966 0 0
AMERICAN EXPRESS CO EQU 025816109   440,624 2,352 SH   SOLE 12 2,352 0 0
AMGEN INC EQU 031162100   514,116 1,785 SH   SOLE 12 1,785 0 0
ANTHEM INC EQU 036752103   411,672 873 SH   SOLE 12 873 0 0
APPLE INC. EQU 037833100   10,124,190 52,585 SH   SOLE 12 52,585 0 0
APPLIED MATERIALS INC EQU 038222105   461,575 2,848 SH   SOLE 12 2,848 0 0
ARISTA NETWORKS INC EQU 040413106   200,890 853 SH   SOLE 12 853 0 0
AUTOMATIC DATA PROCESSING INC COM EQU 053015103   322,198 1,383 SH   SOLE 12 1,383 0 0
AVALONBAY CMNTYS INC EQU 053484101   4,499,271 24,032 SH   SOLE 12 24,032 0 0
BANK AMER CORP COM EQU 060505104   740,471 21,992 SH   SOLE 12 21,992 0 0
BECTON DICKINSON EQU 075887109   242,123 993 SH   SOLE 12 993 0 0
BERKSHIRE HATHAWAY INC - CL B EQU 084670702   1,504,749 4,219 SH   SOLE 12 4,219 0 0
BOEING CO EQU 097023105   433,999 1,665 SH   SOLE 12 1,665 0 0
BOSTON SCI ENTIFIC CORP COM EQU 101137107   343,276 5,938 SH   SOLE 12 5,938 0 0
BRISTOL MYERS SQUIBB CO EQU 110122108   280,153 5,460 SH   SOLE 12 5,460 0 0
CATERPILLAR INC EQU 149123101   450,601 1,524 SH   SOLE 12 1,524 0 0
CHARLES SCHWAB EQU 808513105   296,322 4,307 SH   SOLE 12 4,307 0 0
CHEVRON CORP EQU 166764100   886,756 5,945 SH   SOLE 12 5,945 0 0
CHIPOTLE MEXICAN GRILL EQU 169656105   230,983 101 SH   SOLE 12 101 0 0
CIGNA CORPORATION EQU 125523100   289,269 966 SH   SOLE 12 966 0 0
CITIGROUP INC EQU 172967424   322,786 6,275 SH   SOLE 12 6,275 0 0
COCA COLA CO. EQU 191216100   812,880 13,794 SH   SOLE 12 13,794 0 0
CSX CORP EQU 126408103   294,834 8,504 SH   SOLE 12 8,504 0 0
CVS HEALTH CORPORATION EQU 126650100   332,185 4,207 SH   SOLE 12 4,207 0 0
DANAHER CO RP COM EQU 235851102   489,515 2,116 SH   SOLE 12 2,116 0 0
DEERE & CO. EQU 244199105   392,272 981 SH   SOLE 12 981 0 0
DIGITAL REALTY TRUST INC EQU 253868103   7,948,160 59,059 SH   SOLE 12 59,059 0 0
DISNEY WALT CO EQU 254687106   572,619 6,342 SH   SOLE 12 6,342 0 0
ELI LILLY & CO EQU 532457108   1,604,196 2,752 SH   SOLE 12 2,752 0 0
EMERSON ELEC CO EQU 291011104   204,004 2,096 SH   SOLE 12 2,096 0 0
ESSEX PROPERTY EQU 297178105   960,520 3,874 SH   SOLE 12 3,874 0 0
FISERV INC COM EQU 337738108   269,267 2,027 SH   SOLE 12 2,027 0 0
FORD MTR C O DEL COM PAR USD0.01 EQU 345370860   123,729 10,150 SH   SOLE 12 10,150 0 0
GENERAL DYNAMICS CORP EQU 369550108   238,896 920 SH   SOLE 12 920 0 0
GILEAD SCIENCES INC EQU 375558103   329,063 4,062 SH   SOLE 12 4,062 0 0
HOME DEPOT INC EQU 437076102   967,914 2,793 SH   SOLE 12 2,793 0 0
HONEYWELL INTERNATIONAL INC EQU 438516106   471,009 2,246 SH   SOLE 12 2,246 0 0
HUMANA INC COM EQU 444859102   214,713 469 SH   SOLE 12 469 0 0
ILLINOIS TOOL WKS INC EQU 452308109   355,976 1,359 SH   SOLE 12 1,359 0 0
INTEL CORP EQU 458140100   704,153 14,013 SH   SOLE 12 14,013 0 0
INTERNATIONAL BUSINESS MACHINES CORP EQU 459200101   485,089 2,966 SH   SOLE 12 2,966 0 0
INTUIT INC. EQU 461202103   555,652 889 SH   SOLE 12 889 0 0
ISHARES IBOXX USD HIGH YIELD CORPO EQU 464288513   22,757,149 294,058 SH   SOLE 12 294,058 0 0
ISHARES TRUST RUSSELL 2000 INDEX FUND EQU 464287655   2,007,100 10,000 SH   SOLE 12 10,000 0 0
JOHNSON & JOHNSON EQU 478160104   1,139,813 7,272 SH   SOLE 12 7,272 0 0
LAM RESEARCH CORP. EQU 512807108   373,615 477 SH   SOLE 12 477 0 0
LOCKHEED MARTIN CORP EQU 539830109   352,167 777 SH   SOLE 12 777 0 0
LOWES COS INC USD0.50 EQU 548661107   441,539 1,984 SH   SOLE 12 1,984 0 0
MARRIOTT I NTL INC NEW CL A EQU 571903202   226,638 1,005 SH   SOLE 12 1,005 0 0
MARSH MCLENNAN COS INC EQU 571748102   394,477 2,082 SH   SOLE 12 2,082 0 0
MCDONALDS CORP EQU 580135101   644,909 2,175 SH   SOLE 12 2,175 0 0
MICROSOFT CORP EQU 594918104   8,870,032 23,588 SH   SOLE 12 23,588 0 0
MONDELEZ INTERNATIONAL INC EQU 609207105   344,984 4,763 SH   SOLE 12 4,763 0 0
MOODYS CORP EQU 615369105   311,276 797 SH   SOLE 12 797 0 0
MORGAN STANLEY EQU 617446448   388,853 4,170 SH   SOLE 12 4,170 0 0
NIKE INC CL B EQU 654106103   462,291 4,258 SH   SOLE 12 4,258 0 0
NORTHROP GRUMMAN CORP EQU 666807102   239,220 511 SH   SOLE 12 511 0 0
PARK HOTELS RESORTS INC EQU 700517105   463,559 30,298 SH   SOLE 12 30,298 0 0
PEPSICO INC. EQU 713448108   809,288 4,765 SH   SOLE 12 4,765 0 0
PFIZER INC EQU 717081103   577,038 20,043 SH   SOLE 12 20,043 0 0
PHILIP MORRIS INTL. EQU 718172109   484,136 5,146 SH   SOLE 12 5,146 0 0
PIONEER NA T RES CO COM EQU 723787107   228,928 1,018 SH   SOLE 12 1,018 0 0
PROCTER & GAMBLE CO EQU 742718109   1,141,840 7,792 SH   SOLE 12 7,792 0 0
PROGRESSIVE CORP EQU 743315103   360,291 2,262 SH   SOLE 12 2,262 0 0
QUALCOMM INC EQU 747525103   545,255 3,770 SH   SOLE 12 3,770 0 0
SCHLUMBERGER LTD EQU 806857108   260,772 5,011 SH   SOLE 12 5,011 0 0
SHERWIN WILLIAMS CO EQU 824348106   218,954 702 SH   SOLE 12 702 0 0
SIMON PPTY GROUP INC EQU 828806109   6,729,327 47,177 SH   SOLE 12 47,177 0 0
SOUTHERN CO EQU 842587107   253,063 3,609 SH   SOLE 12 3,609 0 0
STARBUCKS CORP EQU 855244109   232,920 2,426 SH   SOLE 12 2,426 0 0
STRYKER CORP EQU 863667101   328,508 1,097 SH   SOLE 12 1,097 0 0
TARGET CORP EQU 87612E106   238,838 1,677 SH   SOLE 12 1,677 0 0
TEXAS INST RS INC COM EQU 882508104   463,651 2,720 SH   SOLE 12 2,720 0 0
THERMO FIS HER SCIENTIFIC INC COM EQU 883556102   693,743 1,307 SH   SOLE 12 1,307 0 0
UNION PACIFIC CORP EQU 907818108   503,030 2,048 SH   SOLE 12 2,048 0 0
UNITED PARCEL SERVICE INC CLASS B EQU 911312106   349,680 2,224 SH   SOLE 12 2,224 0 0
US BANCORP EQU 902973304   220,295 5,090 SH   SOLE 12 5,090 0 0
WALMART INC EQU 931142103   696,498 4,418 SH   SOLE 12 4,418 0 0
WASHINGTON REAL ESTATE EQU 939653101   224,066 15,347 SH   SOLE 12 15,347 0 0
WELLS FARGO CO EQU 949746101   620,763 12,612 SH   SOLE 12 12,612 0 0
ALEXANDRIA REAL ESTATE EQU 015271109   1,860,603 14,677 SH   SOLE 12 14,677 0 0
REALTY INCOME CORP EQU 756109104   3,244,402 56,503 SH   SOLE 12 56,503 0 0
SUN COMMUNITIES EQU 866674104   3,099,076 23,188 SH   SOLE 12 23,188 0 0
ISHARES NATIONAL MUNI BOND ETF EQU 464288414   128,559,191 1,185,861 SH   SOLE 12 1,185,861 0 0
AIR PRODUCTS & CHEM EQU 009158106   213,838 781 SH   SOLE 12 781 0 0
AMERICAN INTL GROUP INC EQU 026874784   219,917 3,246 SH   SOLE 12 3,246 0 0
AMPHENOL CORP. EQU 032095101   355,877 3,590 SH   SOLE 12 3,590 0 0
ANALOG DEVICES INC EQU 032654105   334,971 1,687 SH   SOLE 12 1,687 0 0
BOSTON PPTYS INC EQU 101121101   603,462 8,600 SH   SOLE 12 8,600 0 0
CADENCE DESIGN SYSTEMS INC EQU 127387108   225,795 829 SH   SOLE 12 829 0 0
KLA CORP EQU 482480100   287,162 494 SH   SOLE 12 494 0 0
MICRON TEC HNOLOGY INC COM EQU 595112103   352,284 4,128 SH   SOLE 12 4,128 0 0
OMEGA HEALTHCARE INVESTORS EQU 681936100   1,195,740 39,000 SH   SOLE 12 39,000 0 0
ONEOK INC EQU 682680103   200,338 2,853 SH   SOLE 12 2,853 0 0
PALO ALTO NETWORKS INC EQU 697435105   342,651 1,162 SH   SOLE 12 1,162 0 0
ROPER TECHNOLOGIES INC EQU 776696106   254,594 467 SH   SOLE 12 467 0 0
SYNOPSYS INC EQU 871607107   240,978 468 SH   SOLE 12 468 0 0
T-MOBILE US INC EQU 872590104   354,329 2,210 SH   SOLE 12 2,210 0 0
TJX COMPANIES INC EQU 872540109   346,440 3,693 SH   SOLE 12 3,693 0 0
VORNADO RLTY TR EQU 929042109   264,477 9,362 SH   SOLE 12 9,362 0 0
NATIONAL RETAIL PROPERTIES EQU 637417106   1,871,014 43,411 SH   SOLE 12 43,411 0 0
ISHARES CORE S&P 500 ETF EQU 464287200   44,897,220 94,000 SH   SOLE 12 94,000 0 0
UDR INC EQU 902653104   1,006,989 26,299 SH   SOLE 12 26,299 0 0
VICI PPTYS INC EQU 925652109   4,839,193 151,794 SH   SOLE 12 151,794 0 0
AON PLC CLASS A EQU G0403H108   256,971 883 SH   SOLE 12 883 0 0
RAYTHEON TECHNOLOGIES CORP EQU 75513E101   392,850 4,669 SH   SOLE 12 4,669 0 0
ISHARES BROAD USD HIGH YIELD CORPO EQU 46435U853   18,175,000 500,000 SH   SOLE 12 500,000 0 0
MERCADOLIBRE INC EQU 58733R102   227,873 145 SH   SOLE 12 145 0 0
GENERAL ELECTRIC EQU 369604301   415,308 3,254 SH   SOLE 12 3,254 0 0
NATIONAL STORAGE AFFILIATES TRUST EQU 637870106   295,681 7,130 SH   SOLE 12 7,130 0 0
SPDR PORTFOLIO SHORT TERM CORPORAT EQU 78464A474   21,968,557 737,695 SH   SOLE 12 737,695 0 0
HEALTHCARE REALTY TRUST INC CLASS EQU 42226K105   940,965 54,612 SH   SOLE 12 54,612 0 0
ISHARES YEAR INVESTMENT GRADE CO EQU 464289511   1,884,932 35,774 SH   SOLE 12 35,774 0 0
BRANDYWINE REALTY EQU 105368203   138,078 25,570 SH   SOLE 12 25,570 0 0
GE HEALTHCARE TECHNOLOGIES WHEN IS EQU 36266G107   200,955 2,599 SH   SOLE 12 2,599 0 0
SAFEHOLD INC EQU 78646V107   1,301,976 55,640 SH   SOLE 12 55,640 0 0
LINDE PLC EQU G54950103   625,101 1,522 SH   SOLE 12 1,522 0 0
ISHARES MBS ETF EQU 464288588   5,283,062 56,155 SH   SOLE 12 56,155 0 0
BROADSTONE NET LEASE INC EQU 11135E203   1,660,249 96,414 SH   SOLE 12 96,414 0 0
EPR PROPERTIES EQU 26884U109   333,821 6,890 SH   SOLE 12 6,890 0 0
INVENTRUST PROPERTIES CORP EQU 46124J201   347,234 13,703 SH   SOLE 12 13,703 0 0
ISHARES IBOXX INV GR CORP BD ETF EQU 464287242   27,785,619 251,090 SH   SOLE 12 251,090 0 0
ISHARES MSCI USA QUALITY FACTOR ET EQU 46432F339   3,753,541 25,510 SH   SOLE 12 25,510 0 0
ISHARES -5 YEAR HIGH YIELD CORPORA EQU 46434V407   4,628,241 109,622 SH   SOLE 12 109,622 0 0
SUNSTONE HOTEL INVESTORS INC EQU 867892101   444,072 41,386 SH   SOLE 12 41,386 0 0