<?xml version="1.0" encoding="us-ascii"?>
<informationTable xmlns:xsd="http://www.w3.org/2001/XMLSchema" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns="http://www.sec.gov/edgar/document/thirteenf/informationtable">
    <infoTable>
        <nameOfIssuer>ACADIA RLTY TR</nameOfIssuer>
        <titleOfClass>COM SH BEN INT</titleOfClass>
        <cusip>004239109</cusip>
        <figi>BBG000BJGD54</figi>
        <value>35991164</value>
        <shrsOrPrnAmt>
            <sshPrnamt>1786162</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>516510</Sole>
            <Shared>0</Shared>
            <None>1269652</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ALEXANDRIA REAL ESTATE EQ IN</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>015271109</cusip>
        <figi>BBG000BC33T9</figi>
        <value>15604248</value>
        <shrsOrPrnAmt>
            <sshPrnamt>187236</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>61212</Sole>
            <Shared>0</Shared>
            <None>126024</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ARRAY DIGITAL INFRASTRUCTURE</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>911684108</cusip>
        <figi>BBG000BW6P59</figi>
        <value>4868273</value>
        <shrsOrPrnAmt>
            <sshPrnamt>97346</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>33040</Sole>
            <Shared>0</Shared>
            <None>64306</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>AVALONBAY CMNTYS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>053484101</cusip>
        <figi>BBG000BLPBL5</figi>
        <value>42685161</value>
        <shrsOrPrnAmt>
            <sshPrnamt>220972</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>53065</Sole>
            <Shared>0</Shared>
            <None>167907</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>BROADSTONE NET LEASE INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>11135E203</cusip>
        <figi>BBG000PWD2R3</figi>
        <value>28819414</value>
        <shrsOrPrnAmt>
            <sshPrnamt>1612726</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>468471</Sole>
            <Shared>0</Shared>
            <None>1144255</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>COUSINS PPTYS INC</nameOfIssuer>
        <titleOfClass>COM NEW</titleOfClass>
        <cusip>222795502</cusip>
        <figi>BBG000CW9BM7</figi>
        <value>28736870</value>
        <shrsOrPrnAmt>
            <sshPrnamt>992981</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>263323</Sole>
            <Shared>0</Shared>
            <None>729658</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>CROWN CASTLE INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>22822V101</cusip>
        <figi>BBG000FV1Z23</figi>
        <value>16970661</value>
        <shrsOrPrnAmt>
            <sshPrnamt>175880</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>19452</Sole>
            <Shared>0</Shared>
            <None>156428</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>CTO RLTY GROWTH INC NEW</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>22948Q101</cusip>
        <figi>BBG00Y3M1H59</figi>
        <value>12825378</value>
        <shrsOrPrnAmt>
            <sshPrnamt>786833</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>164800</Sole>
            <Shared>0</Shared>
            <None>622033</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>CUBESMART</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>229663109</cusip>
        <figi>BBG000HF28Q9</figi>
        <value>25478207</value>
        <shrsOrPrnAmt>
            <sshPrnamt>626616</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>153525</Sole>
            <Shared>0</Shared>
            <None>473091</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>CURBLINE PPTYS CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>23128Q101</cusip>
        <figi>BBG01JZB98V3</figi>
        <value>4931534</value>
        <shrsOrPrnAmt>
            <sshPrnamt>221145</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>94522</Sole>
            <Shared>0</Shared>
            <None>126623</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>DIGITAL RLTY TR INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>253868103</cusip>
        <figi>BBG000Q5ZRM7</figi>
        <value>49746220</value>
        <shrsOrPrnAmt>
            <sshPrnamt>287750</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>90982</Sole>
            <Shared>0</Shared>
            <None>196768</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>EQUINIX INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>29444U700</cusip>
        <figi>BBG000MBDGM6</figi>
        <value>110042087</value>
        <shrsOrPrnAmt>
            <sshPrnamt>140496</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>39365</Sole>
            <Shared>0</Shared>
            <None>101131</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>EQUITY RESIDENTIAL</nameOfIssuer>
        <titleOfClass>SH BEN INT</titleOfClass>
        <cusip>29476L107</cusip>
        <figi>BBG000BG8M31</figi>
        <value>22855775</value>
        <shrsOrPrnAmt>
            <sshPrnamt>353094</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>143324</Sole>
            <Shared>0</Shared>
            <None>209770</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ESSEX PPTY TR INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>297178105</cusip>
        <figi>BBG000CGJMB9</figi>
        <value>44052018</value>
        <shrsOrPrnAmt>
            <sshPrnamt>164582</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>46238</Sole>
            <Shared>0</Shared>
            <None>118344</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>EXTRA SPACE STORAGE INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>30225T102</cusip>
        <figi>BBG000PV27K3</figi>
        <value>39329025</value>
        <shrsOrPrnAmt>
            <sshPrnamt>279048</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>86456</Sole>
            <Shared>0</Shared>
            <None>192592</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>FIRST INDL RLTY TR INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>32054K103</cusip>
        <figi>BBG000CKGDS5</figi>
        <value>32689060</value>
        <shrsOrPrnAmt>
            <sshPrnamt>635109</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>188578</Sole>
            <Shared>0</Shared>
            <None>446531</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>GAMING &amp; LEISURE PPTYS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>36467J108</cusip>
        <figi>BBG003MSMCS6</figi>
        <value>32865783</value>
        <shrsOrPrnAmt>
            <sshPrnamt>705123</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>160899</Sole>
            <Shared>0</Shared>
            <None>544224</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>HEALTHPEAK PROPERTIES INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>42250P103</cusip>
        <figi>BBG000BKYDP9</figi>
        <value>19385143</value>
        <shrsOrPrnAmt>
            <sshPrnamt>1012279</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>270806</Sole>
            <Shared>0</Shared>
            <None>741473</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>HIGHWOODS PPTYS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>431284108</cusip>
        <figi>BBG000C43744</figi>
        <value>13995327</value>
        <shrsOrPrnAmt>
            <sshPrnamt>439828</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>163934</Sole>
            <Shared>0</Shared>
            <None>275894</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>INVITATION HOMES INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>46187W107</cusip>
        <figi>BBG00FQH6BS9</figi>
        <value>34637205</value>
        <shrsOrPrnAmt>
            <sshPrnamt>1180948</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>336665</Sole>
            <Shared>0</Shared>
            <None>844283</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>IRON MTN INC DEL</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>46284V101</cusip>
        <figi>BBG000KCZPC3</figi>
        <value>48357074</value>
        <shrsOrPrnAmt>
            <sshPrnamt>474368</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>135413</Sole>
            <Shared>0</Shared>
            <None>338955</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>KITE RLTY GROUP TR</nameOfIssuer>
        <titleOfClass>COM NEW</titleOfClass>
        <cusip>49803T300</cusip>
        <figi>BBG000BC2KW8</figi>
        <value>31506020</value>
        <shrsOrPrnAmt>
            <sshPrnamt>1412826</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>387080</Sole>
            <Shared>0</Shared>
            <None>1025746</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>LTC PPTYS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>502175102</cusip>
        <figi>BBG000BGCCC8</figi>
        <value>12776192</value>
        <shrsOrPrnAmt>
            <sshPrnamt>346614</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>132020</Sole>
            <Shared>0</Shared>
            <None>214594</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MEDICAL PPTYS TRUST INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>58463J304</cusip>
        <figi>BBG000BGRB25</figi>
        <value>4068153</value>
        <shrsOrPrnAmt>
            <sshPrnamt>802397</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>295969</Sole>
            <Shared>0</Shared>
            <None>506428</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MID-AMER APT CMNTYS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>59522J103</cusip>
        <figi>BBG000BLMY92</figi>
        <value>35395984</value>
        <shrsOrPrnAmt>
            <sshPrnamt>253317</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>71404</Sole>
            <Shared>0</Shared>
            <None>181913</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>NETSTREIT CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>64119V303</cusip>
        <figi>BBG00W5FQPV2</figi>
        <value>23383275</value>
        <shrsOrPrnAmt>
            <sshPrnamt>1294755</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>356187</Sole>
            <Shared>0</Shared>
            <None>938568</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>OMEGA HEALTHCARE INVS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>681936100</cusip>
        <figi>BBG000BGBTC2</figi>
        <value>29322508</value>
        <shrsOrPrnAmt>
            <sshPrnamt>694517</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>174485</Sole>
            <Shared>0</Shared>
            <None>520032</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>PARK HOTELS &amp; RESORTS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>700517105</cusip>
        <figi>BBG00FGXCJX5</figi>
        <value>14939851</value>
        <shrsOrPrnAmt>
            <sshPrnamt>1348362</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>390287</Sole>
            <Shared>0</Shared>
            <None>958075</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>PROLOGIS INC.</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>74340W103</cusip>
        <figi>BBG000B9Z0J8</figi>
        <value>151447776</value>
        <shrsOrPrnAmt>
            <sshPrnamt>1322457</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>395610</Sole>
            <Shared>0</Shared>
            <None>926847</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>PUBLIC STORAGE OPER CO</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>74460D109</cusip>
        <figi>BBG000BPPN67</figi>
        <value>39306708</value>
        <shrsOrPrnAmt>
            <sshPrnamt>136080</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>39108</Sole>
            <Shared>0</Shared>
            <None>96972</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>REALTY INCOME CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>756109104</cusip>
        <figi>BBG000DHPN63</figi>
        <value>41617563</value>
        <shrsOrPrnAmt>
            <sshPrnamt>684612</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>219544</Sole>
            <Shared>0</Shared>
            <None>465068</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>REGENCY CTRS CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>758849103</cusip>
        <figi>BBG000BL46Q4</figi>
        <value>28220975</value>
        <shrsOrPrnAmt>
            <sshPrnamt>387119</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>114022</Sole>
            <Shared>0</Shared>
            <None>273097</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>RYMAN HOSPITALITY PPTYS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>78377T107</cusip>
        <figi>BBG000BDVP80</figi>
        <value>20672893</value>
        <shrsOrPrnAmt>
            <sshPrnamt>230750</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>67241</Sole>
            <Shared>0</Shared>
            <None>163509</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>SIMON PPTY GROUP INC NEW</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>828806109</cusip>
        <figi>BBG000BJ2D31</figi>
        <value>57820939</value>
        <shrsOrPrnAmt>
            <sshPrnamt>308099</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>94379</Sole>
            <Shared>0</Shared>
            <None>213720</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>SL GREEN RLTY CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>78440X887</cusip>
        <figi>BBG000BVP5P2</figi>
        <value>24099004</value>
        <shrsOrPrnAmt>
            <sshPrnamt>402926</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>107845</Sole>
            <Shared>0</Shared>
            <None>295081</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>SUN CMNTYS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>866674104</cusip>
        <figi>BBG000BLJWF3</figi>
        <value>31235673</value>
        <shrsOrPrnAmt>
            <sshPrnamt>242137</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>70048</Sole>
            <Shared>0</Shared>
            <None>172089</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>VENTAS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>92276F100</cusip>
        <figi>BBG000FRVHB9</figi>
        <value>19474508</value>
        <shrsOrPrnAmt>
            <sshPrnamt>278247</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>99261</Sole>
            <Shared>0</Shared>
            <None>178986</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>VICI PPTYS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>925652109</cusip>
        <figi>BBG00HVVB499</figi>
        <value>20606487</value>
        <shrsOrPrnAmt>
            <sshPrnamt>631907</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>259255</Sole>
            <Shared>0</Shared>
            <None>372652</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>WELLTOWER INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>95040Q104</cusip>
        <figi>BBG000BKY1G5</figi>
        <value>174320322</value>
        <shrsOrPrnAmt>
            <sshPrnamt>978558</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>273700</Sole>
            <Shared>0</Shared>
            <None>704858</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>WP CAREY INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>92936U109</cusip>
        <figi>BBG000BCQM58</figi>
        <value>5365261</value>
        <shrsOrPrnAmt>
            <sshPrnamt>79403</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>17983</Sole>
            <Shared>0</Shared>
            <None>61420</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>EASTGROUP PPTYS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>277276101</cusip>
        <figi>BBG000BHRBT4</figi>
        <value>4462032</value>
        <shrsOrPrnAmt>
            <sshPrnamt>26362</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>909</Sole>
            <Shared>0</Shared>
            <None>25453</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>FEDERAL RLTY INVT TR NEW</nameOfIssuer>
        <titleOfClass>SH BEN INT NEW</titleOfClass>
        <cusip>313745101</cusip>
        <figi>BBG000BJVN28</figi>
        <value>401694</value>
        <shrsOrPrnAmt>
            <sshPrnamt>3965</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>3882</Sole>
            <Shared>0</Shared>
            <None>83</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>BXP INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>101121101</cusip>
        <figi>BBG000BS5CM9</figi>
        <value>425597</value>
        <shrsOrPrnAmt>
            <sshPrnamt>5725</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>5725</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>DOUGLAS EMMETT INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>25960P109</cusip>
        <figi>BBG000PN1SJ8</figi>
        <value>402204</value>
        <shrsOrPrnAmt>
            <sshPrnamt>25832</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>25832</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>EMPIRE ST RLTY TR INC</nameOfIssuer>
        <titleOfClass>CL A</titleOfClass>
        <cusip>292104106</cusip>
        <figi>BBG002N8HMW0</figi>
        <value>382035</value>
        <shrsOrPrnAmt>
            <sshPrnamt>49874</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>49874</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>HEALTHCARE RLTY TR</nameOfIssuer>
        <titleOfClass>CL A COM</titleOfClass>
        <cusip>42226K105</cusip>
        <figi>BBG000PRJCX9</figi>
        <value>424426</value>
        <shrsOrPrnAmt>
            <sshPrnamt>23540</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>23540</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>PEBBLEBROOK HOTEL TR</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>70509V100</cusip>
        <figi>BBG000PNBZF5</figi>
        <value>415667</value>
        <shrsOrPrnAmt>
            <sshPrnamt>36494</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>36494</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>REXFORD INDL RLTY INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>76169C100</cusip>
        <figi>BBG004MB82R0</figi>
        <value>420638</value>
        <shrsOrPrnAmt>
            <sshPrnamt>10232</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>10232</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>SUNSTONE HOTEL INVS INC NEW</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>867892101</cusip>
        <figi>BBG000Q3TSJ1</figi>
        <value>382437</value>
        <shrsOrPrnAmt>
            <sshPrnamt>40815</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>40815</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>TERRENO RLTY CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>88146M101</cusip>
        <figi>BBG000PV3J62</figi>
        <value>399293</value>
        <shrsOrPrnAmt>
            <sshPrnamt>7036</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>7036</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>VERIS RESIDENTIAL INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>554489104</cusip>
        <figi>BBG000CL1HL7</figi>
        <value>400307</value>
        <shrsOrPrnAmt>
            <sshPrnamt>26336</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>26336</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>VORNADO RLTY TR</nameOfIssuer>
        <titleOfClass>SH BEN INT</titleOfClass>
        <cusip>929042109</cusip>
        <figi>BBG000BWHD54</figi>
        <value>435616</value>
        <shrsOrPrnAmt>
            <sshPrnamt>10748</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>10748</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>AGREE RLTY CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>008492100</cusip>
        <figi>BBG000BC9DK0</figi>
        <value>5426035</value>
        <shrsOrPrnAmt>
            <sshPrnamt>76380</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>6399</Sole>
            <Shared>0</Shared>
            <None>69981</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>FOUR CORNERS PPTY TR INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>35086T109</cusip>
        <figi>BBG009H33QM0</figi>
        <value>1754384</value>
        <shrsOrPrnAmt>
            <sshPrnamt>71901</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2,3</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>0</Shared>
            <None>71901</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>AMERICAN TOWER CORP NEW</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>03027X100</cusip>
        <figi>BBG000B9XYV2</figi>
        <value>12950636</value>
        <shrsOrPrnAmt>
            <sshPrnamt>67339</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>26</Sole>
            <Shared>0</Shared>
            <None>67313</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>POTLATCHDELTIC CORPORATION</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>737630103</cusip>
        <figi>BBG000BQX2N3</figi>
        <value>3956255</value>
        <shrsOrPrnAmt>
            <sshPrnamt>97086</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>0</Shared>
            <None>97086</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>EPR PPTYS</nameOfIssuer>
        <titleOfClass>CONV PFD 9% SR E</titleOfClass>
        <cusip>26884U307</cusip>
        <figi>BBG000001X86</figi>
        <value>541159</value>
        <shrsOrPrnAmt>
            <sshPrnamt>17147</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>17147</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
</informationTable>
