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 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
Acadia Realty TrustCOM00423910937,5911,373,442SH DFND1021,068,4420305,000
American Assets Trust IncCOM02401310477,4561,643,803SH DFND1021,258,1770385,626
American Campus CommunitiesCOM02483510049,7131,076,974SH DFND102821,7740255,200
American Homes 4 Rent Cl ACOM02665T30656,6672,331,011SH DFND1021,720,2110610,800
Americold Realty TrustCOM03064D108102,2853,155,000SH DFND1022,914,2000240,800
AvalonBay Communities IncCOM053484101211,1241,039,100SH DFND102805,4000233,700
Boston Properties IncCOM101121101169,6221,314,900SH DFND1021,024,8000290,100
Camden Property TrustCOM13313110273,296702,133SH DFND102533,2330168,900
Caretrust REIT IncCOM14174T10728,0701,180,400SH DFND1021,086,500093,900
Corporate Office PropertiesCOM22002T10845,4591,723,900SH DFND1021,313,8000410,100
CubeSmartCOM229663109100,2952,999,250SH DFND1022,312,9500686,300
CyrusOne IncCOM23283R10042,078729,000SH DFND102564,9000164,100
Digital Realty Trust IncCOM253868103122,7411,042,032SH DFND102776,8040265,228
Douglas Emmett IncCOM25960P10978,7251,976,023SH DFND1021,526,9230449,100
Duke Realty CorpCOM264411505130,6034,131,700SH DFND1023,132,1000999,600
Easterly Government Properties IncCOM27616P1039,518525,557SH DFND102405,0070120,550
Equinix IncCOM2921041069,82719,486SH DFND10219,48600
Empire State Realty Trust Cl ACOM29444U70044,3902,997,303SH DFND1022,270,9030726,400
Equity Lifestyle PropertiesCOM29472R10858,182479,495SH DFND102402,595076,900
Essex Property Trust IncCOM297178105137,090469,600SH DFND102358,9000110,700
Extended Stay America IncCOM30224P20043,1222,553,092SH DFND1022,341,1920211,900
Federal Realty Invs TrustCOM31374720668,162529,374SH DFND102413,3740116,000
HCP IncCOM40414L109142,7814,464,700SH DFND1023,423,60001,041,100
Healthcare Trust of America Inc Cl ACOM42225P50182,6143,011,800SH DFND1022,361,1000650,700
Host Hotels & Resorts IncCOM44107P10484,7764,652,900SH DFND1024,285,6000367,300
Howard Hughes CorpCOM44267D10725,291204,225SH DFND102185,549018,676
Invitation Homes IncCOM46187W10793,9853,516,100SH DFND1022,759,9000756,200
National Retail PropertiesCOM63741710694,9831,791,800SH DFND1021,369,2000422,600
Piedmont Office Realty TrustCOM72019020641,4702,080,800SH DFND1021,571,1000509,700
ProLogis IncCOM74340W103109,5051,367,100SH DFND102986,4000380,700
Public StorageCOM74460D109110,892465,600SH DFND102359,6000106,000
Retail Properties of America Inc Cl ACOM76131V20266,8775,686,793SH DFND1024,342,69301,344,100
Rexford Industrial Realty IncCOM76169C100108,2882,682,400SH DFND1022,058,3000624,100
RLJ Lodging TrustCOM74965L10126,3541,485,543SH DFND1021,362,0430123,500
Simon Property Group IncCOM828806109233,3451,460,600SH DFND1021,133,0000327,600
Store Capital CorpCOM86212110096,0902,895,142SH DFND1022,238,8420656,300
Taubman Centers IncCOM87666410327,342669,666SH DFND102509,6660160,000
Vici Properties IncCOM92565210974,8383,395,535SH DFND1023,135,1350260,400
Vornado Realty TrustCOM92904210924,136376,538SH DFND102290,838085,700
Welltower IncCOM95040Q104147,2921,806,600SH DFND1021,373,9000432,700