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 COMM STK 008492100   60,271,368 1,055,171 SH   SOLE   292,170 0 763,001
ALEXANDRIA REAL ESTATE EQUITIES INC COMM STK 015271109   62,564,148 485,332 SH   SOLE   70,892 0 414,440
AMERICAN HEALTHCARE REIT INC COMM STK 398182303   10,642,922 721,554 SH   SOLE   91,866 0 629,688
AMERICAN TOWER CORP COMM STK 03027X100   121,431,898 614,565 SH   SOLE   276,209 0 338,356
AMERICOLD REALTY TRUST COMM STK 03064D108   27,996,424 1,123,452 SH   SOLE   109,223 0 1,014,229
APARTMENT INCOME REIT CORP COMM STK 03750L109   62,617,291 1,928,466 SH   SOLE   221,629 0 1,706,837
AVALONBAY COMMUNITIES INC COMM STK 053484101   109,945,042 592,504 SH   SOLE   121,978 0 470,526
BROADSTONE NET LEASE INC COMM STK 11135E203   18,225,996 1,163,114 SH   SOLE   63,429 0 1,099,685
CAMDEN PROPERTY TRUST COMM STK 133131102   701,592 7,130 SH   SOLE   5,281 0 1,849
CROWN CASTLE INTL CORP COMM STK 22822V101   12,249,505 115,747 SH   SOLE   87,043 0 28,704
CUBESMART COMM STK 229663109   21,995,325 486,407 SH   SOLE   124,423 0 361,984
DIGITAL REALTY TRUST INC COMM STK 253868103   140,363,667 974,477 SH   SOLE   220,953 0 753,524
DOUGLAS EMMETT INC COMM STK 25960P109   203,431 14,667 SH   SOLE   14,667 0 0
EQUINIX INC COMM STK 29444U700   146,529,914 177,541 SH   SOLE   20,675 0 156,866
EQUITY LIFESTYLE PROPERTIES INC COMM STK 29472R108   1,861,096 28,899 SH   SOLE   28,899 0 0
EQUITY RESIDENTIAL COMM STK 29476L107   6,057,108 95,977 SH   SOLE   91,557 0 4,420
ESSEX PROPERTY TRUST INC COMM STK 297178105   8,425,136 34,415 SH   SOLE   34,415 0 0
EXTRA SPACE STORAGE INC COMM STK 30225T102   53,874,030 366,490 SH   SOLE   39,834 0 326,656
FEDERAL REALTY INVESTMENT TRUST COMM STK 313745101   1,579,184 15,464 SH   SOLE   15,464 0 0
FIRST INDUSTRIAL REALTY TRUST INC COMM STK 32054K103   78,824,133 1,500,269 SH   SOLE   347,863 0 1,152,406
GAMING AND LEISURE PROP INC COMM STK 36467J108   68,172,359 1,479,756 SH   SOLE   204,984 0 1,274,772
HEALTHCARE REALTY TRUST INC COMM STK 42226K105   39,255,001 2,774,205 SH   SOLE   286,237 0 2,487,968
HEALTHPEAK PROPERTIES INC COMM STK 42250P103   75,317,306 4,016,923 SH   SOLE   834,931 0 3,181,992
HIGHWOODS PROPERTIES INC COMM STK 431284108   8,443,521 322,518 SH   SOLE   10,491 0 312,027
HOST HOTELS & RESORTS INC COMM STK 44107P104   30,905,267 1,494,452 SH   SOLE   47,301 0 1,447,151
INVITATION HOMES INC COMM STK 46187W107   106,104,660 2,979,631 SH   SOLE   748,195 0 2,231,436
KILROY REALTY CORP COMM STK 49427F108   31,337,596 860,214 SH   SOLE   116,011 0 744,203
KIMCO REALTY CORP COMM STK 49446R109   31,128,404 1,587,374 SH   SOLE   136,626 0 1,450,748
MEDICAL PROPERTIES TRUST INC COMM STK 58463J304   21,317,790 4,535,700 SH   SOLE   475,618 0 4,060,082
NATIONAL HEALTH INVESTORS INC COMM STK 63633D104   31,919,839 508,035 SH   SOLE   115,407 0 392,628
OUTFRONT MEDIA INC COMM STK 69007J106   47,732,879 2,842,935 SH   SOLE   428,680 0 2,414,255
PARK HOTELS & RESORTS INC COMM STK 700517105   13,603,547 777,790 SH   SOLE   43,772 0 734,018
PROLOGIS INC COMM STK 74340W103   206,164,695 1,583,203 SH   SOLE   193,900 0 1,389,303
PUBLIC STORAGE COMM STK 74460D109   157,164,660 541,835 SH   SOLE   126,842 0 414,993
REALTY INCOME CORP COMM STK 756109104   121,807,394 2,251,523 SH   SOLE   313,940 0 1,937,583
REGENCY CENTERS CORP COMM STK 758849103   26,477,619 437,213 SH   SOLE   47,600 0 389,613
RETAIL OPPORTUNITY INVESTMENTS CORP COMM STK 76131N101   46,782,513 3,649,182 SH   SOLE   627,769 0 3,021,413
REXFORD INDUSTRIAL REALTY INC COMM STK 76169C100   50,564,327 1,005,255 SH   SOLE   241,925 0 763,330
SABRA HEALTHCARE REIT INC COMM STK 78573L106   4,003 271 SH   SOLE   271 0 0
SBA COMMUNICATIONS CORP COMM STK 78410G104   6,544,990 30,203 SH   SOLE   24,436 0 5,767
SIMON PROPERTY GROUP INC COMM STK 828806109   74,628,203 476,888 SH   SOLE   82,322 0 394,566
SUN COMMUNITIES INC COMM STK 866674104   43,363,219 337,247 SH   SOLE   36,067 0 301,180
UDR INC COMM STK 902653104   54,148,169 1,447,425 SH   SOLE   158,397 0 1,289,028
VENTAS INC COMM STK 92276F100   31,063,569 713,449 SH   SOLE   213,075 0 500,374
VICI PROPERTIES INC COMM STK 925652109   87,887,501 2,950,235 SH   SOLE   495,517 0 2,454,718
WELLTOWER INC COMM STK 95040Q104   66,005,549 706,395 SH   SOLE   70,495 0 635,900
WEYERHAEUSER CO COMM STK 962166104   794,329 22,120 SH   SOLE   22,120 0 0