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 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 COMM STK 008492100   64,021,094 1,017,015 SH   SOLE   232,435 0 784,580
ALEXANDRIA REAL ESTATE EQUITIES INC COMM STK 015271109   71,676,012 565,402 SH   SOLE   89,521 0 475,881
AMERICAN TOWER CORP COMM STK 03027X100   107,325,821 497,155 SH   SOLE   274,743 0 222,412
APARTMENT INCOME REIT CORP COMM STK 03750L109   66,842,886 1,924,644 SH   SOLE   266,223 0 1,658,421
AVALONBAY COMMUNITIES INC COMM STK 053484101   112,826,635 602,642 SH   SOLE   123,343 0 479,299
CAMDEN PROPERTY TRUST COMM STK 133131102   707,938 7,130 SH   SOLE   7,130 0 0
CROWN CASTLE INTL CORP COMM STK 22822V101   12,881,007 111,824 SH   SOLE   111,824 0 0
CUBESMART COMM STK 229663109   39,022,714 841,914 SH   SOLE   173,395 0 668,519
DIGITAL REALTY TRUST INC COMM STK 253868103   140,978,875 1,047,547 SH   SOLE   223,589 0 823,958
DOUGLAS EMMETT INC COMM STK 25960P109   14,614,507 1,007,897 SH   SOLE   33,030 0 974,867
EQUINIX INC COMM STK 29444U700   141,900,053 176,188 SH   SOLE   23,407 0 152,781
EQUITY LIFESTYLE PROPERTIES INC COMM STK 29472R108   2,194,640 31,112 SH   SOLE   31,112 0 0
EQUITY RESIDENTIAL COMM STK 29476L107   5,876,742 96,088 SH   SOLE   96,088 0 0
ESSEX PROPERTY TRUST INC COMM STK 297178105   8,532,855 34,415 SH   SOLE   34,415 0 0
EXTRA SPACE STORAGE INC COMM STK 30225T102   87,724,559 547,150 SH   SOLE   84,325 0 462,825
FEDERAL REALTY INVESTMENT TRUST COMM STK 313745101   1,593,565 15,464 SH   SOLE   15,464 0 0
FIRST INDUSTRIAL REALTY TRUST INC COMM STK 32054K103   86,012,796 1,633,051 SH   SOLE   365,924 0 1,267,127
GAMING AND LEISURE PROP INC COMM STK 36467J108   71,956,692 1,458,089 SH   SOLE   206,700 0 1,251,389
HEALTHCARE REALTY TRUST INC COMM STK 42226K105   45,174,820 2,621,870 SH   SOLE   306,227 0 2,315,643
HEALTHPEAK PROPERTIES INC COMM STK 42250P103   67,090,637 3,388,416 SH   SOLE   667,038 0 2,721,378
HOST HOTELS & RESORTS INC COMM STK 44107P104   35,043,372 1,799,865 SH   SOLE   111,560 0 1,688,305
INVITATION HOMES INC COMM STK 46187W107   117,810,858 3,453,851 SH   SOLE   788,005 0 2,665,846
KILROY REALTY CORP COMM STK 49427F108   29,209,812 733,178 SH   SOLE   118,693 0 614,485
KIMCO REALTY CORP COMM STK 49446R109   39,676,684 1,861,881 SH   SOLE   158,447 0 1,703,434
MEDICAL PROPERTIES TRUST INC COMM STK 58463J304   26,489,784 5,395,068 SH   SOLE   663,853 0 4,731,215
NATIONAL HEALTH INVESTORS INC COMM STK 63633D104   26,164,664 468,481 SH   SOLE   93,543 0 374,938
NNN REIT INC COMM STK 637417106   44,833,827 1,040,228 SH   SOLE   105,956 0 934,272
OUTFRONT MEDIA INC COMM STK 69007J106   33,828,277 2,423,229 SH   SOLE   424,005 0 1,999,224
PARK HOTELS & RESORTS INC COMM STK 700517105   13,505,953 882,742 SH   SOLE   18,870 0 863,872
PROLOGIS INC COMM STK 74340W103   220,253,456 1,652,314 SH   SOLE   208,082 0 1,444,232
PUBLIC STORAGE COMM STK 74460D109   159,860,870 524,134 SH   SOLE   116,533 0 407,601
REALTY INCOME CORP COMM STK 756109104   116,792,912 2,034,011 SH   SOLE   245,960 0 1,788,051
REGENCY CENTERS CORP COMM STK 758849103   15,212,484 227,052 SH   SOLE   47,256 0 179,796
RETAIL OPPORTUNITY INVESTMENTS CORP COMM STK 76131N101   44,605,256 3,179,277 SH   SOLE   444,955 0 2,734,322
REXFORD INDUSTRIAL REALTY INC COMM STK 76169C100   64,345,690 1,146,982 SH   SOLE   284,004 0 862,978
SABRA HEALTHCARE REIT INC COMM STK 78573L106   17,904,127 1,254,669 SH   SOLE   144,372 0 1,110,297
SBA COMMUNICATIONS CORP COMM STK 78410G104   8,278,919 32,634 SH   SOLE   32,634 0 0
SIMON PROPERTY GROUP INC COMM STK 828806109   79,003,589 553,867 SH   SOLE   91,069 0 462,798
SPIRIT REALTY CAPITAL INC COMM STK 84860W300   1,580,879 36,184 SH   SOLE   36,184 0 0
SUN COMMUNITIES INC COMM STK 866674104   46,927,856 351,125 SH   SOLE   45,799 0 305,326
UDR INC COMM STK 902653104   33,677,855 879,547 SH   SOLE   74,734 0 804,813
VENTAS INC COMM STK 92276F100   48,310,510 969,312 SH   SOLE   241,978 0 727,334
VICI PROPERTIES INC COMM STK 925652109   95,590,714 2,998,454 SH   SOLE   544,215 0 2,454,239
WELLTOWER INC COMM STK 95040Q104   63,505,649 704,288 SH   SOLE   85,731 0 618,557
WEYERHAEUSER CO COMM STK 962166104   769,112 22,120 SH   SOLE   22,120 0 0