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   57,022,088 920,602 SH   SOLE   339,373 0 581,229
ALEXANDRIA REAL ESTATE EQUITIES INC COMM STK 015271109   50,571,161 432,343 SH   SOLE   64,259 0 368,084
AMERICAN HEALTHCARE REIT INC COMM STK 398182303   20,103,667 1,376,021 SH   SOLE   146,865 0 1,229,156
AMERICAN TOWER CORP COMM STK 03027X100   116,935,120 601,580 SH   SOLE   312,180 0 289,400
AMERICOLD REALTY TRUST COMM STK 03064D108   48,731,852 1,908,060 SH   SOLE   572,490 0 1,335,570
AVALONBAY COMMUNITIES INC COMM STK 053484101   108,907,517 526,403 SH   SOLE   124,458 0 401,945
BROADSTONE NET LEASE INC COMM STK 11135E203   17,504,277 1,102,979 SH   SOLE   63,452 0 1,039,527
CAMDEN PROPERTY TRUST COMM STK 133131102   2,073 19 SH   SOLE   19 0 0
COPT DEFENSE PROPERTIES COMM STK 22002T108   14,777,036 590,373 SH   SOLE   23,655 0 566,718
CROWN CASTLE INTL CORP COMM STK 22822V101   7,284,219 74,557 SH   SOLE   74,557 0 0
CUBESMART COMM STK 229663109   23,037,152 510,010 SH   SOLE   131,941 0 378,069
DIGITAL REALTY TRUST INC COMM STK 253868103   132,437,831 871,015 SH   SOLE   214,231 0 656,784
EQUINIX INC COMM STK 29444U700   184,231,343 243,499 SH   SOLE   35,820 0 207,679
EQUITY RESIDENTIAL COMM STK 29476L107   46,110,060 664,985 SH   SOLE   117,933 0 547,052
ESSEX PROPERTY TRUST INC COMM STK 297178105   9,367,763 34,415 SH   SOLE   34,415 0 0
EXTRA SPACE STORAGE INC COMM STK 30225T102   39,039,924 251,206 SH   SOLE   27,496 0 223,710
FEDERAL REALTY INVESTMENT TRUST COMM STK 313745101   1,561,400 15,464 SH   SOLE   15,464 0 0
FIRST INDUSTRIAL REALTY TRUST INC COMM STK 32054K103   72,107,875 1,517,741 SH   SOLE   474,496 0 1,043,245
GAMING AND LEISURE PROP INC COMM STK 36467J108   71,658,166 1,585,007 SH   SOLE   326,339 0 1,258,668
HEALTHPEAK PROPERTIES INC COMM STK 42250P103   77,645,557 3,961,508 SH   SOLE   1,014,306 0 2,947,202
HOST HOTELS & RESORTS INC COMM STK 44107P104   28,383,156 1,578,596 SH   SOLE   70,709 0 1,507,887
INVITATION HOMES INC COMM STK 46187W107   93,630,442 2,608,817 SH   SOLE   775,580 0 1,833,237
KILROY REALTY CORP COMM STK 49427F108   1,100,301 35,300 SH   SOLE   35,300 0 0
KIMCO REALTY CORP COMM STK 49446R109   35,220,693 1,809,902 SH   SOLE   193,063 0 1,616,839
LAMAR ADVERTISING CO COMM STK 512816109   340,541 2,849 SH   SOLE   2,849 0 0
LXP INDUSTRIAL TRUST COMM STK 529043101   19,940,406 2,186,448 SH   SOLE   116,487 0 2,069,961
NATIONAL HEALTH INVESTORS INC COMM STK 63633D104   40,738,579 601,485 SH   SOLE   133,320 0 468,165
OUTFRONT MEDIA INC COMM STK 69007J106   47,372,640 3,312,772 SH   SOLE   668,362 0 2,644,410
PROLOGIS INC COMM STK 74340W103   173,924,052 1,548,607 SH   SOLE   216,904 0 1,331,703
PUBLIC STORAGE COMM STK 74460D109   155,835,538 541,754 SH   SOLE   130,801 0 410,953
REALTY INCOME CORP COMM STK 756109104   116,990,226 2,214,885 SH   SOLE   346,168 0 1,868,717
REGENCY CENTERS CORP COMM STK 758849103   22,989,555 369,607 SH   SOLE   47,581 0 322,026
RETAIL OPPORTUNITY INVESTMENTS CORP COMM STK 76131N101   50,683,139 4,077,485 SH   SOLE   1,076,374 0 3,001,111
REXFORD INDUSTRIAL REALTY INC COMM STK 76169C100   5,491,794 123,162 SH   SOLE   123,162 0 0
SABRA HEALTHCARE REIT INC COMM STK 78573L106   4,173 271 SH   SOLE   271 0 0
SBA COMMUNICATIONS CORP COMM STK 78410G104   5,931,008 30,214 SH   SOLE   30,214 0 0
SIMON PROPERTY GROUP INC COMM STK 828806109   75,534,162 497,590 SH   SOLE   85,316 0 412,274
SUN COMMUNITIES INC COMM STK 866674104   52,691,110 437,852 SH   SOLE   59,447 0 378,405
SUNSTONE HOTEL INVESTORS INC COMM STK 867892101   10,945,062 1,046,373 SH   SOLE   22,932 0 1,023,441
UDR INC COMM STK 902653104   66,388,036 1,613,318 SH   SOLE   213,555 0 1,399,763
VENTAS INC COMM STK 92276F100   30,416,556 593,378 SH   SOLE   205,910 0 387,468
VICI PROPERTIES INC COMM STK 925652109   86,471,692 3,019,263 SH   SOLE   513,118 0 2,506,145
VORNADO REALTY TRUST COMM STK 929042109   16,289,915 619,624 SH   SOLE   23,422 0 596,202
WELLTOWER INC COMM STK 95040Q104   98,049,002 940,518 SH   SOLE   102,323 0 838,195
WEYERHAEUSER CO COMM STK 962166104   651,834 22,960 SH   SOLE   22,960 0 0