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      <regCity>San Francisco</regCity>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AEON REIT Investment Corporation.</name>
        <lei>353800P59F8MJB4FE788</lei>
        <title>AEON REIT INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3047650001"/>
          <other otherDesc="Internal" value="BFSSCF9"/>
        </identifiers>
        <balance>4506.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>3899934.96000000</valUSD>
        <pctVal>0.087417580001</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AGREE REALTY CORPORATION</name>
        <lei>98450090H010B37OEB68</lei>
        <title>AGREE REALTY CORP</title>
        <cusip>008492100</cusip>
        <identifiers>
          <isin value="US0084921008"/>
          <other otherDesc="Internal" value="008492100"/>
        </identifiers>
        <balance>299047.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21600164.81000000</valUSD>
        <pctVal>0.484170673275</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Global One Real Estate Investment Corporation</name>
        <lei>N/A</lei>
        <title>GLOBAL ONE REAL ESTATE INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3044520009"/>
          <other otherDesc="Internal" value="6693608"/>
        </identifiers>
        <balance>2428.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>2142250.47000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Charter Hall Social Infrastructure REIT</name>
        <lei>254900W31UGIMDQW3W98</lei>
        <title>CHARTER HALL SOCIAL INFRASTRUCTURE REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000030645"/>
          <other otherDesc="Internal" value="BHJVMY0"/>
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        <balance>866479.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43605900"/>
        <valUSD>1751374.51000000</valUSD>
        <pctVal>0.039257301188</pctVal>
        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHARTER HALL GROUP</name>
        <lei>N/A</lei>
        <title>CHARTER HALL GROUP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000CHC0"/>
          <other otherDesc="Internal" value="B15F6S6"/>
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        <balance>1235183.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43605900"/>
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        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Piedmont Realty Trust, Inc.</name>
        <lei>N/A</lei>
        <title>PIEDMONT REALTY TRUST INC</title>
        <cusip>720190206</cusip>
        <identifiers>
          <isin value="US7201902068"/>
          <other otherDesc="Internal" value="720190206"/>
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        <balance>327887.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2760808.54000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HOST HOTELS &amp; RESORTS, INC.</name>
        <lei>N/A</lei>
        <title>HOST HOTELS RESORTS INC</title>
        <cusip>44107P104</cusip>
        <identifiers>
          <isin value="US44107P1049"/>
          <other otherDesc="Internal" value="44107P104"/>
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        <balance>1807699.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>33496662.47000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Vinci Shopping Centers FII - FII</name>
        <lei>N/A</lei>
        <title>VINCI SHOPPING CENTERS FII</title>
        <cusip>P9799K104</cusip>
        <identifiers>
          <isin value="BRVISCCTF005"/>
          <other otherDesc="Internal" value="BF6X3F3"/>
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        <balance>74098.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.26275000"/>
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        <pctVal>0.034494934362</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="CLOSED-END FUND"/>
        <issuerCat>RF</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Parkway Life Real Estate Investment Trust</name>
        <lei>N/A</lei>
        <title>PARKWAY LIFE REAL ESTATE INVESTMENT TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1V52937132"/>
          <other otherDesc="Internal" value="B23WXW9"/>
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        <balance>1145700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27210000"/>
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        <pctVal>0.082411673598</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Japan Prime Realty Investment Corporation</name>
        <lei>353800NJOQJAY1ODEX72</lei>
        <title>JAPAN PRIME REALTY INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3040890000"/>
          <other otherDesc="Internal" value="6528175"/>
        </identifiers>
        <balance>9379.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>6360589.11000000</valUSD>
        <pctVal>0.142573482142</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Prosperity Real Estate Investment Trust</name>
        <lei>N/A</lei>
        <title>PROSPERITY REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0808032913"/>
          <other otherDesc="Internal" value="B0PVBN7"/>
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        <balance>3702000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.81210000"/>
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        <pctVal>0.015617035215</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bresco Logistica FII RL</name>
        <lei>N/A</lei>
        <title>BRESCO FUNDO DE INVESTIMENTOS IMOBILIARIO</title>
        <cusip>P1S6N1118</cusip>
        <identifiers>
          <isin value="BRBRCOCTF007"/>
          <other otherDesc="Internal" value="BKRWPC5"/>
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        <balance>43417.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.26275000"/>
        <valUSD>986519.38000000</valUSD>
        <pctVal>0.022112967961</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="CLOSED-END FUND"/>
        <issuerCat>RF</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MEXICAN NUEVO PESO</name>
        <lei>N/A</lei>
        <title>MEXICAN NUEVO PESO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="Internal" value="MXN"/>
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        <balance>3573520.23000000</balance>
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        <currencyConditional curCd="MXN" exchangeRt="17.47600000"/>
        <valUSD>204481.59000000</valUSD>
        <pctVal>0.004583483041</pctVal>
        <payoffProfile>N/A</payoffProfile>
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        <issuerConditional desc="currency" issuerCat="OTHER"/>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GECINA SA</name>
        <lei>9695003E4MMA10IBTR26</lei>
        <title>GECINA SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0010040865"/>
          <other otherDesc="Internal" value="7742468"/>
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        <balance>134963.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84363300"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Dream Industrial Real Estate Investment Trust</name>
        <lei>549300QOI0TM3CBYUH79</lei>
        <title>DREAM INDUSTRIAL REAL ESTATE INVESTMENT TRUST</title>
        <cusip>26153W109</cusip>
        <identifiers>
          <isin value="CA26153W1095"/>
          <other otherDesc="Internal" value="BMH4P92"/>
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        <balance>752926.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VERIS RESIDENTIAL, INC.</name>
        <lei>N/A</lei>
        <title>VERIS RESIDENTIAL, INC.</title>
        <cusip>554489104</cusip>
        <identifiers>
          <isin value="US5544891048"/>
          <other otherDesc="Internal" value="554489104"/>
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        <balance>195672.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EQUITY LIFESTYLE PROPERTIES, INC.</name>
        <lei>N/A</lei>
        <title>EQUITY LIFESTYLE PROPERTIES INC</title>
        <cusip>29472R108</cusip>
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          <isin value="US29472R1086"/>
          <other otherDesc="Internal" value="29472R108"/>
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        <balance>506631.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GROWTHPOINT PROPERTIES AUSTRALIA LIMITED</name>
        <lei>N/A</lei>
        <title>GROWTHPOINT PROPERTIES AUSTRALIA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000GOZ8"/>
          <other otherDesc="Internal" value="B1Y9BC8"/>
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        <balance>723658.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CROMWELL PROPERTY GROUP</name>
        <lei>N/A</lei>
        <title>CROMWELL PROPERTY GROUP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000CMW8"/>
          <other otherDesc="Internal" value="6225476"/>
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        <balance>4276909.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.43605900"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tanger Inc.</name>
        <lei>UKEW8YSXE4Y581KYOL30</lei>
        <title>TANGER INC</title>
        <cusip>875465106</cusip>
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          <isin value="US8754651060"/>
          <other otherDesc="Internal" value="875465106"/>
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        <balance>292455.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>APARTMENT INVESTMENT AND MANAGEMENT COMPANY</name>
        <lei>N/A</lei>
        <title>APARTMENT INVESTMENT AND MANAGEMENT CO</title>
        <cusip>03748R747</cusip>
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          <isin value="US03748R7474"/>
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        <balance>344937.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2028229.56000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MEDICAL PROPERTIES TRUST, INC.</name>
        <lei>254900U6E39J1MQCCY14</lei>
        <title>MEDICAL PROPERTIES TRUST INC</title>
        <cusip>58463J304</cusip>
        <identifiers>
          <isin value="US58463J3041"/>
          <other otherDesc="Internal" value="58463J304"/>
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        <balance>1317275.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6612720.50000000</valUSD>
        <pctVal>0.148225042023</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHARTER HALL RETAIL REIT</name>
        <lei>254900SH49MQ8WY4NO45</lei>
        <title>CHARTER HALL RETAIL REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000CQR9"/>
          <other otherDesc="Internal" value="6225595"/>
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        <balance>1496249.00000000</balance>
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        <pctVal>0.091329828512</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HomeCo Daily Needs REIT</name>
        <lei>N/A</lei>
        <title>HOMECO DAILY NEEDS REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000113136"/>
          <other otherDesc="Internal" value="BNC0NF4"/>
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        <balance>4604295.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.43605900"/>
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        <pctVal>0.092607131387</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Japan Real Estate Investment Corporation</name>
        <lei>3538003YAIR3CBGJJ928</lei>
        <title>JAPAN REAL ESTATE INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3027680002"/>
          <other otherDesc="Internal" value="6397580"/>
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        <balance>17648.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>14238296.56000000</valUSD>
        <pctVal>0.319153381115</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CANADIAN DOLLAR</name>
        <lei>N/A</lei>
        <title>CANADIAN DOLLAR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="Internal" value="CAD"/>
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        <balance>430608.48000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36165000"/>
        <valUSD>316240.21000000</valUSD>
        <pctVal>0.007088567922</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetConditional assetCat="OTHER" desc="currency"/>
        <issuerConditional desc="currency" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SHAFTESBURY CAPITAL PLC</name>
        <lei>549300TTXXZ1SHUI0D54</lei>
        <title>SHAFTESBURY CAPITAL PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B62G9D36"/>
          <other otherDesc="Internal" value="B62G9D3"/>
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        <balance>3872509.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73080700"/>
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        <pctVal>0.170764788831</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CPN RETAIL GROWTH LEASEHOLD REIT</name>
        <lei>N/A</lei>
        <title>CPN RETAIL GROWTH LEASEHOLD REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH8351010005"/>
          <other otherDesc="Internal" value="BF5BKQ8"/>
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        <balance>4877800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="31.46500000"/>
        <valUSD>1751760.37000000</valUSD>
        <pctVal>0.039265950293</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>GLOBAL NET LEASE, INC.</name>
        <lei>549300NUYANCT5SU8Z65</lei>
        <title>GLOBAL NET LEASE INC</title>
        <cusip>379378201</cusip>
        <identifiers>
          <isin value="US3793782018"/>
          <other otherDesc="Internal" value="379378201"/>
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        <balance>513901.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4861503.46000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BURSTONE GROUP LIMITED</name>
        <lei>N/A</lei>
        <title>BURSTONE GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000180915"/>
          <other otherDesc="Internal" value="BCDYGW6"/>
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        <balance>1688448.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.15375000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RLJ LODGING TRUST</name>
        <lei>N/A</lei>
        <title>RLJ LODGING TRUST</title>
        <cusip>74965L101</cusip>
        <identifiers>
          <isin value="US74965L1017"/>
          <other otherDesc="Internal" value="74965L101"/>
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        <balance>356053.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2645473.79000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LTC PROPERTIES, INC.</name>
        <lei>549300NRZP8IJG2KY677</lei>
        <title>LTC PROPERTIES INC</title>
        <cusip>502175102</cusip>
        <identifiers>
          <isin value="US5021751020"/>
          <other otherDesc="Internal" value="502175102"/>
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        <balance>119556.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4360207.32000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INVITATION HOMES INC.</name>
        <lei>N/A</lei>
        <title>INVITATION HOMES INC</title>
        <cusip>46187W107</cusip>
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          <isin value="US46187W1071"/>
          <other otherDesc="Internal" value="46187W107"/>
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        <balance>1614592.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>43158044.16000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INDEPENDENCE REALTY TRUST, INC</name>
        <lei>N/A</lei>
        <title>INDEPENDENCE REALTY TRUST INC</title>
        <cusip>45378A106</cusip>
        <identifiers>
          <isin value="US45378A1060"/>
          <other otherDesc="Internal" value="45378A106"/>
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        <balance>627495.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10479166.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TURKISH LIRA</name>
        <lei>N/A</lei>
        <title>TURKISH LIRA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="Internal" value="TRY"/>
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        <balance>15250532.77000000</balance>
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        <currencyConditional curCd="TRY" exchangeRt="43.48700000"/>
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        <payoffProfile>N/A</payoffProfile>
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        <issuerConditional desc="currency" issuerCat="OTHER"/>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>THE MACERICH COMPANY</name>
        <lei>N/A</lei>
        <title>MACERICH CO THE</title>
        <cusip>554382101</cusip>
        <identifiers>
          <isin value="US5543821012"/>
          <other otherDesc="Internal" value="554382101"/>
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        <balance>664064.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12570731.52000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JBG SMITH PROPERTIES</name>
        <lei>N/A</lei>
        <title>JBG SMITH PROPERTIES</title>
        <cusip>46590V100</cusip>
        <identifiers>
          <isin value="US46590V1008"/>
          <other otherDesc="Internal" value="46590V100"/>
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        <balance>155114.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2612119.76000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NATIONAL STORAGE REIT</name>
        <lei>N/A</lei>
        <title>NATIONAL STORAGE REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000NSR2"/>
          <other otherDesc="Internal" value="BGP6479"/>
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        <balance>3199525.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AMERICAN HEALTHCARE REIT, INC.</name>
        <lei>2549004GGE2APGNT6O92</lei>
        <title>AMERICAN HEALTHCARE REIT INC</title>
        <cusip>398182303</cusip>
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          <isin value="US3981823038"/>
          <other otherDesc="Internal" value="398182303"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EQUITY RESIDENTIAL</name>
        <lei>5493008RACSH5EP3PI59</lei>
        <title>EQUITY RESIDENTIAL REIT</title>
        <cusip>29476L107</cusip>
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          <isin value="US29476L1070"/>
          <other otherDesc="Internal" value="29476L107"/>
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        <balance>998687.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Advance Residence Investment Corporation</name>
        <lei>N/A</lei>
        <title>ADVANCE RESIDENCE INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3047160001"/>
          <other otherDesc="Internal" value="B62WZW2"/>
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        <balance>6836.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RIOCAN REAL ESTATE INVESTMENT TRUST</name>
        <lei>549300S8HVUSEU3JBY60</lei>
        <title>RIOCAN REAL ESTATE INVESTMENT TRUST</title>
        <cusip>766910103</cusip>
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          <other otherDesc="Internal" value="2229610"/>
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        <balance>783393.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Knowledge Realty Trust</name>
        <lei>335800WVLC4EB2SVJ951</lei>
        <title>KNOWLEDGE REALTY TRUST</title>
        <cusip>Y48158102</cusip>
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          <isin value="INE1JAR25012"/>
          <other otherDesc="Internal" value="BSQLXN6"/>
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        <balance>945065.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Attacq Ltd</name>
        <lei>N/A</lei>
        <title>ATTACQ LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000177218"/>
          <other otherDesc="Internal" value="BFH3QX1"/>
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        <balance>1838057.00000000</balance>
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        <currencyConditional curCd="ZAR" exchangeRt="16.15375000"/>
        <valUSD>1979861.75000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TOKYU REIT, Inc.</name>
        <lei>N/A</lei>
        <title>TOKYU REIT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3044510000"/>
          <other otherDesc="Internal" value="6687203"/>
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        <balance>2188.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>2933034.67000000</valUSD>
        <pctVal>0.065744376647</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUNLIGHT REAL ESTATE INVESTMENT TRUST</name>
        <lei>N/A</lei>
        <title>SUNLIGHT REAL ESTATE INVESTMENT TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0435036626"/>
          <other otherDesc="Internal" value="B1KR438"/>
        </identifiers>
        <balance>2460000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.81210000"/>
        <valUSD>758634.04000000</valUSD>
        <pctVal>0.017004886636</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MIRARTH Real Estate Investment Corporation</name>
        <lei>353800B55299YP0HS329</lei>
        <title>MIRARTH REAL ESTATE INVESTMENT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3048750008"/>
          <other otherDesc="Internal" value="BZ16GD6"/>
        </identifiers>
        <balance>2248.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>1358362.36000000</valUSD>
        <pctVal>0.030447879642</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Abacus Storage King</name>
        <lei>N/A</lei>
        <title>ABACUS STORAGE KING</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000286213"/>
          <other otherDesc="Internal" value="BQYLGZ7"/>
        </identifiers>
        <balance>1054834.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43605900"/>
        <valUSD>1134947.99000000</valUSD>
        <pctVal>0.025440015726</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>THE UNITE GROUP PLC</name>
        <lei>213800BBUUWVDH9YI827</lei>
        <title>UNITE GROUP PLC THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0006928617"/>
          <other otherDesc="Internal" value="0692861"/>
        </identifiers>
        <balance>1247673.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73080700"/>
        <valUSD>9703631.46000000</valUSD>
        <pctVal>0.217508237485</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MIRAI Corporation</name>
        <lei>353800HQCYM7P10R9D93</lei>
        <title>MIRAI CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3048370005"/>
          <other otherDesc="Internal" value="BZ1B0D9"/>
        </identifiers>
        <balance>4578.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>1478882.61000000</valUSD>
        <pctVal>0.033149357668</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hamborner REIT AG</name>
        <lei>529900EJTD8IR1GN0P96</lei>
        <title>HAMBORNER REIT AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000A3H2333"/>
          <other otherDesc="Internal" value="BMH5DF7"/>
        </identifiers>
        <balance>187895.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363300"/>
        <valUSD>1042391.75000000</valUSD>
        <pctVal>0.023365354841</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Abacus Group</name>
        <lei>N/A</lei>
        <title>ABACUS GROUP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000291882"/>
          <other otherDesc="Internal" value="BQV4PB8"/>
        </identifiers>
        <balance>1103070.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43605900"/>
        <valUSD>886789.08000000</valUSD>
        <pctVal>0.019877499532</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Regional REIT Limited</name>
        <lei>549300D8G4NKLRIKBX73</lei>
        <title>REGIONAL REIT LTD</title>
        <cusip>G7418M105</cusip>
        <identifiers>
          <isin value="GG00BSY2LD72"/>
          <other otherDesc="Internal" value="BSY2LD7"/>
        </identifiers>
        <balance>329732.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73080700"/>
        <valUSD>462017.43000000</valUSD>
        <pctVal>0.010356184414</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>GG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REDEFINE PROPERTIES LIMITED</name>
        <lei>37890061EC026A7DA532</lei>
        <title>REDEFINE PROPERTIES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000190252"/>
          <other otherDesc="Internal" value="BMP3858"/>
        </identifiers>
        <balance>17559961.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.15375000"/>
        <valUSD>6736649.34000000</valUSD>
        <pctVal>0.151002924063</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SINGAPORE DOLLARS</name>
        <lei>N/A</lei>
        <title>SINGAPORE DOLLARS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="Internal" value="SGD"/>
        </identifiers>
        <balance>771992.63000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27210000"/>
        <valUSD>606864.74000000</valUSD>
        <pctVal>0.013602956844</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetConditional assetCat="OTHER" desc="currency"/>
        <issuerConditional desc="currency" issuerCat="OTHER"/>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DOUGLAS EMMETT, INC.</name>
        <lei>N/A</lei>
        <title>DOUGLAS EMMETT INC</title>
        <cusip>25960P109</cusip>
        <identifiers>
          <isin value="US25960P1093"/>
          <other otherDesc="Internal" value="25960P109"/>
        </identifiers>
        <balance>374099.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3950485.44000000</valUSD>
        <pctVal>0.088550675982</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invincible Investment Corporation</name>
        <lei>353800JY6M2692VAV685</lei>
        <title>INVINCIBLE INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046190009"/>
          <other otherDesc="Internal" value="B00STP1"/>
        </identifiers>
        <balance>18958.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>8029058.91000000</valUSD>
        <pctVal>0.179972462822</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW ROMANIAN LEU</name>
        <lei>N/A</lei>
        <title>NEW ROMANIAN LEU</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="Internal" value="RON"/>
        </identifiers>
        <balance>631.40000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RON" exchangeRt="4.29795000"/>
        <valUSD>146.91000000</valUSD>
        <pctVal>0.000003293007</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetConditional assetCat="OTHER" desc="currency"/>
        <issuerConditional desc="currency" issuerCat="OTHER"/>
        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Comforia Residential Reit, Inc.</name>
        <lei>353800BJ2SV3UPG9JU05</lei>
        <title>COMFORIA RESIDENTIAL REIT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3047540004"/>
          <other otherDesc="Internal" value="B8N6QD5"/>
        </identifiers>
        <balance>5154.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>3722450.24000000</valUSD>
        <pctVal>0.083439235523</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EPR PROPERTIES</name>
        <lei>549300YSSXFHMPOWZ492</lei>
        <title>EPR PROPERTIES</title>
        <cusip>26884U109</cusip>
        <identifiers>
          <isin value="US26884U1097"/>
          <other otherDesc="Internal" value="26884U109"/>
        </identifiers>
        <balance>196849.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10677089.76000000</valUSD>
        <pctVal>0.239328439537</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EMPIRE STATE REALTY TRUST, INC.</name>
        <lei>549300VOKY1DUEQSB456</lei>
        <title>EMPIRE STATE REALTY TRUST INC</title>
        <cusip>292104106</cusip>
        <identifiers>
          <isin value="US2921041065"/>
          <other otherDesc="Internal" value="292104106"/>
        </identifiers>
        <balance>375500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2489565.00000000</valUSD>
        <pctVal>0.055803942831</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ESR Kendall Square REIT Co., Ltd.</name>
        <lei>N/A</lei>
        <title>ESR KENDALL SQUARE REIT CO LTD</title>
        <cusip>Y2S0MS103</cusip>
        <identifiers>
          <isin value="KR7365550003"/>
          <other otherDesc="Internal" value="BNNGHG0"/>
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        <balance>437496.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1439.40000000"/>
        <valUSD>1343429.43000000</valUSD>
        <pctVal>0.030113155957</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LOTTE REIT Co., Ltd.</name>
        <lei>N/A</lei>
        <title>LOTTE REIT CO LTD</title>
        <cusip>Y528AU105</cusip>
        <identifiers>
          <isin value="KR7330590001"/>
          <other otherDesc="Internal" value="BKTPM65"/>
        </identifiers>
        <balance>411653.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1439.40000000"/>
        <valUSD>1246096.28000000</valUSD>
        <pctVal>0.027931419975</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FIRST INDUSTRIAL REALTY TRUST, INC.</name>
        <lei>N/A</lei>
        <title>FIRST INDUSTRIAL REALTY TRUST INC</title>
        <cusip>32054K103</cusip>
        <identifiers>
          <isin value="US32054K1034"/>
          <other otherDesc="Internal" value="32054K103"/>
        </identifiers>
        <balance>336967.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19554195.01000000</valUSD>
        <pctVal>0.438309978032</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DEXUS</name>
        <lei>N/A</lei>
        <title>DEXUS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000DXS1"/>
          <other otherDesc="Internal" value="B033YN6"/>
        </identifiers>
        <balance>2783269.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43605900"/>
        <valUSD>12984691.89000000</valUSD>
        <pctVal>0.291053659542</pctVal>
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        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UDR, INC.</name>
        <lei>P3CH2EG5X6Z1XWU1OO74</lei>
        <title>UDR INC</title>
        <cusip>902653104</cusip>
        <identifiers>
          <isin value="US9026531049"/>
          <other otherDesc="Internal" value="902653104"/>
        </identifiers>
        <balance>871000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32357650.00000000</valUSD>
        <pctVal>0.725301187464</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CapitaLand Ascott Trust</name>
        <lei>N/A</lei>
        <title>CAPITALAND ASCOTT TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SGXC16332337"/>
          <other otherDesc="Internal" value="BG0RZ29"/>
        </identifiers>
        <balance>6975732.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27210000"/>
        <valUSD>5383871.82000000</valUSD>
        <pctVal>0.120680229380</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KITE REALTY GROUP TRUST</name>
        <lei>N/A</lei>
        <title>KITE REALTY GROUP TRUST</title>
        <cusip>49803T300</cusip>
        <identifiers>
          <isin value="US49803T3005"/>
          <other otherDesc="Internal" value="49803T300"/>
        </identifiers>
        <balance>568403.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13351786.47000000</valUSD>
        <pctVal>0.299282135181</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WELLTOWER INC.</name>
        <lei>254900F33BIAR82QTA19</lei>
        <title>WELLTOWER INC</title>
        <cusip>95040Q104</cusip>
        <identifiers>
          <isin value="US95040Q1040"/>
          <other otherDesc="Internal" value="95040Q104"/>
        </identifiers>
        <balance>1813139.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>341522862.04000000</valUSD>
        <pctVal>7.655282054906</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>URBAN EDGE PROPERTIES</name>
        <lei>N/A</lei>
        <title>URBAN EDGE PROPERTIES</title>
        <cusip>91704F104</cusip>
        <identifiers>
          <isin value="US91704F1049"/>
          <other otherDesc="Internal" value="91704F104"/>
        </identifiers>
        <balance>329839.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6408771.77000000</valUSD>
        <pctVal>0.143653503111</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Goodman Property Trust</name>
        <lei>213800EWCLT1H1U94486</lei>
        <title>GOODMAN PROPERTY TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NZCPTE0001S9"/>
          <other otherDesc="Internal" value="6299192"/>
        </identifiers>
        <balance>2547141.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.66085400"/>
        <valUSD>2967580.44000000</valUSD>
        <pctVal>0.066518724846</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AIMS APAC REIT</name>
        <lei>N/A</lei>
        <title>AIMS APAC REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG2D63974620"/>
          <other otherDesc="Internal" value="B58DLN5"/>
        </identifiers>
        <balance>1556928.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27210000"/>
        <valUSD>1839345.63000000</valUSD>
        <pctVal>0.041229185976</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EASTERLY GOVERNMENT PROPERTIES, INC.</name>
        <lei>549300ERMCEFC6S8HL77</lei>
        <title>EASTERLY GOVERNMENT PROPERTIES INC</title>
        <cusip>27616P301</cusip>
        <identifiers>
          <isin value="US27616P3010"/>
          <other otherDesc="Internal" value="27616P301"/>
        </identifiers>
        <balance>111165.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2600149.35000000</valUSD>
        <pctVal>0.058282706288</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bonyan REIT Fund</name>
        <lei>N/A</lei>
        <title>BONYAN REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA14I0523TL9"/>
          <other otherDesc="Internal" value="BF0XL44"/>
        </identifiers>
        <balance>183704.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75070000"/>
        <valUSD>471663.83000000</valUSD>
        <pctVal>0.010572409800</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CARE PROPERTY INVEST NV</name>
        <lei>54930096UUTCOUCQDU64</lei>
        <title>CARE PROPERTY INVEST NV</title>
        <cusip>B1464S103</cusip>
        <identifiers>
          <isin value="BE0974273055"/>
          <other otherDesc="Internal" value="BKXNCS7"/>
        </identifiers>
        <balance>109368.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363300"/>
        <valUSD>1584616.94000000</valUSD>
        <pctVal>0.035519407257</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1007323.05735200"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HSI Malls FII</name>
        <lei>N/A</lei>
        <title>HSI MALL FII</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRHSMLCTF007"/>
          <other otherDesc="Internal" value="BK4TK02"/>
        </identifiers>
        <balance>58039.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.26275000"/>
        <valUSD>1020996.75000000</valUSD>
        <pctVal>0.022885782965</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="CLOSED-END FUND"/>
        <issuerCat>RF</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALIANZA TRUST RENDA RTS</name>
        <lei>N/A</lei>
        <title>ALIANZA TRUST RENDA RTS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRALZRD07M17"/>
          <other otherDesc="Internal" value="BWBX8D0"/>
        </identifiers>
        <balance>129564.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.26275000"/>
        <valUSD>4923.81000000</valUSD>
        <pctVal>0.000110367880</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="RIGHTS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GREAT PORTLAND ESTATES P L C</name>
        <lei>213800JMEDD2Q4N1MC42</lei>
        <title>GREAT PORTLAND ESTATES PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BF5H9P87"/>
          <other otherDesc="Internal" value="BF5H9P8"/>
        </identifiers>
        <balance>1023000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73080700"/>
        <valUSD>5235335.73000000</valUSD>
        <pctVal>0.117350772436</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CURBLINE PROPERTIES CORP.</name>
        <lei>529900PGR41LH0I81I15</lei>
        <title>CURBLINE PROPERTIES CORP</title>
        <cusip>23128Q101</cusip>
        <identifiers>
          <isin value="US23128Q1013"/>
          <other otherDesc="Internal" value="23128Q101"/>
        </identifiers>
        <balance>254575.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6173443.75000000</valUSD>
        <pctVal>0.138378593087</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IS GAYRIMENKUL YATIRIM ORTAKLIGI ANONIM SIRKETI</name>
        <lei>789000STDVBPGEJLK432</lei>
        <title>IS GAYRIMENKUL YATIRIM ORTAKLIGI AS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TRAISGYO91Q3"/>
          <other otherDesc="Internal" value="B03MTW7"/>
        </identifiers>
        <balance>1169862.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="43.48700000"/>
        <valUSD>649728.46000000</valUSD>
        <pctVal>0.014563753040</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRX REALTY LOGISTICA RENDA I FUNDO DE INVESTIMENTO IMOBILIARIO FII</name>
        <lei>N/A</lei>
        <title>TRX REALTY LOGISTICA RENDA I FUNDO DE INVESTIMENTO IMOBILIARIO FII</title>
        <cusip>P9412K309</cusip>
        <identifiers>
          <isin value="BRBTLGCTF000"/>
          <other otherDesc="Internal" value="BKTNNZ5"/>
        </identifiers>
        <balance>128774.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.26275000"/>
        <valUSD>2510759.61000000</valUSD>
        <pctVal>0.056279022938</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="CLOSED-END FUND"/>
        <issuerCat>RF</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AUSTRALIAN DOLLAR</name>
        <lei>N/A</lei>
        <title>AUSTRALIAN DOLLAR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="Internal" value="AUD"/>
        </identifiers>
        <balance>649619.83000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43605900"/>
        <valUSD>452362.91000000</valUSD>
        <pctVal>0.010139777016</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetConditional assetCat="OTHER" desc="currency"/>
        <issuerConditional desc="currency" issuerCat="OTHER"/>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Starts Proceed Investment Corporation</name>
        <lei>N/A</lei>
        <title>STARTS PROCEED INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046340000"/>
          <other otherDesc="Internal" value="B0NNX17"/>
        </identifiers>
        <balance>602.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>818320.48000000</valUSD>
        <pctVal>0.018342766420</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BWP TRUST</name>
        <lei>529900PNX10I8B4V0N76</lei>
        <title>BWP PROPERTY GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000BWP3"/>
          <other otherDesc="Internal" value="6127453"/>
        </identifiers>
        <balance>1479263.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43605900"/>
        <valUSD>3843434.09000000</valUSD>
        <pctVal>0.086151105207</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LAND SECURITIES GROUP PLC</name>
        <lei>213800V8IAVKS37D6B88</lei>
        <title>LAND SECURITIES GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BYW0PQ60"/>
          <other otherDesc="Internal" value="BYW0PQ6"/>
        </identifiers>
        <balance>1955875.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73080700"/>
        <valUSD>17457038.62000000</valUSD>
        <pctVal>0.391301928313</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IRISH RESIDENTIAL PROPERTIES REIT PUBLIC LIMITED COMPANY</name>
        <lei>635400EOPACLULRENY18</lei>
        <title>IRISH RESIDENTIAL PROPERTIES REIT PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE00BJ34P519"/>
          <other otherDesc="Internal" value="BJ34P51"/>
        </identifiers>
        <balance>1340897.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363300"/>
        <valUSD>1605325.98000000</valUSD>
        <pctVal>0.035983603245</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hedge Brasil Shopping FII</name>
        <lei>N/A</lei>
        <title>HEDGE BRASIL SHOPPING FII</title>
        <cusip>P5197H107</cusip>
        <identifiers>
          <isin value="BRHGBSCTF000"/>
          <other otherDesc="Internal" value="B29YH38"/>
        </identifiers>
        <balance>341440.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.26275000"/>
        <valUSD>1297572.56000000</valUSD>
        <pctVal>0.029085267891</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="CLOSED-END FUND"/>
        <issuerCat>RF</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Mapletree Industrial Trust</name>
        <lei>549300R7WZFHXNKDJF41</lei>
        <title>MAPLETREE INDUSTRIAL TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG2C32962814"/>
          <other otherDesc="Internal" value="B4LR5Q8"/>
        </identifiers>
        <balance>5462310.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27210000"/>
        <valUSD>9055085.08000000</valUSD>
        <pctVal>0.202970980930</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="923360.70079500"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALEXANDER &amp; BALDWIN, INC.</name>
        <lei>254900TP8X40TRBKC281</lei>
        <title>ALEXANDER BALDWIN INC</title>
        <cusip>014491104</cusip>
        <identifiers>
          <isin value="US0144911049"/>
          <other otherDesc="Internal" value="014491104"/>
        </identifiers>
        <balance>190801.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3957212.74000000</valUSD>
        <pctVal>0.088701469339</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ORIX JREIT Inc.</name>
        <lei>353800WVNTBIU65TA247</lei>
        <title>ORIX JREIT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3040880001"/>
          <other otherDesc="Internal" value="6527774"/>
        </identifiers>
        <balance>13803.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>9244156.86000000</valUSD>
        <pctVal>0.207209050956</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Picton Property Income Limited</name>
        <lei>213800RYE59K9CKR4497</lei>
        <title>PICTON PROPERTY INCOME LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B0LCW208"/>
          <other otherDesc="Internal" value="B0LCW20"/>
        </identifiers>
        <balance>1416006.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73080700"/>
        <valUSD>1608201.59000000</valUSD>
        <pctVal>0.036048060440</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>GG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GETTY REALTY CORP.</name>
        <lei>2549000P1W5SFJWCNP90</lei>
        <title>GETTY REALTY CORP</title>
        <cusip>374297109</cusip>
        <identifiers>
          <isin value="US3742971092"/>
          <other otherDesc="Internal" value="374297109"/>
        </identifiers>
        <balance>139176.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4155795.36000000</valUSD>
        <pctVal>0.093152726154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TERRENO REALTY CORPORATION</name>
        <lei>N/A</lei>
        <title>TERRENO REALTY CORP</title>
        <cusip>88146M101</cusip>
        <identifiers>
          <isin value="US88146M1018"/>
          <other otherDesc="Internal" value="88146M101"/>
        </identifiers>
        <balance>266919.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16426195.26000000</valUSD>
        <pctVal>0.368195432227</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fortune Real Estate Investment Trust</name>
        <lei>N/A</lei>
        <title>FORTUNE REAL ESTATE INVESTMENT TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1O33912138"/>
          <other otherDesc="Internal" value="B5T50H7"/>
        </identifiers>
        <balance>4024000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.81210000"/>
        <valUSD>2615299.80000000</valUSD>
        <pctVal>0.058622305714</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KIWI PROPERTY GROUP LIMITED</name>
        <lei>N/A</lei>
        <title>KIWI PROPERTY GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NZKPGE0001S9"/>
          <other otherDesc="Internal" value="BTDY2M7"/>
        </identifiers>
        <balance>3712904.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.66085400"/>
        <valUSD>2254272.80000000</valUSD>
        <pctVal>0.050529835717</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1403.11315300"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Champion Real Estate Investment Trust</name>
        <lei>N/A</lei>
        <title>CHAMPION REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK2778034606"/>
          <other otherDesc="Internal" value="B14WZ47"/>
        </identifiers>
        <balance>4852000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.81210000"/>
        <valUSD>1569144.38000000</valUSD>
        <pctVal>0.035172587691</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="375041.35349500"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Daiwa Securities Living Investment Corporation</name>
        <lei>N/A</lei>
        <title>DAIWA SECURITIES LIVING INVESTMENTS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046410001"/>
          <other otherDesc="Internal" value="B15T1S3"/>
        </identifiers>
        <balance>4994.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>3706159.07000000</valUSD>
        <pctVal>0.083074066701</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CAMDEN PROPERTY TRUST</name>
        <lei>5493002MYX22OHYJBD89</lei>
        <title>CAMDEN PROPERTY TRUST</title>
        <cusip>133131102</cusip>
        <identifiers>
          <isin value="US1331311027"/>
          <other otherDesc="Internal" value="133131102"/>
        </identifiers>
        <balance>278590.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>30380239.50000000</valUSD>
        <pctVal>0.680977258385</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ALEXANDRIA REAL ESTATE EQUITIES, INC.</name>
        <lei>MGCJBT4MKTQBVLNUIS88</lei>
        <title>ALEXANDRIA REAL ESTATE EQUITIES INC</title>
        <cusip>015271109</cusip>
        <identifiers>
          <isin value="US0152711091"/>
          <other otherDesc="Internal" value="015271109"/>
        </identifiers>
        <balance>451517.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24670888.88000000</valUSD>
        <pctVal>0.553001376814</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SIMON PROPERTY GROUP, INC.</name>
        <lei>529900GQL5X8H7AO3T64</lei>
        <title>SIMON PROPERTY GROUP INC</title>
        <cusip>828806109</cusip>
        <identifiers>
          <isin value="US8288061091"/>
          <other otherDesc="Internal" value="828806109"/>
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        <balance>854300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>163436133.00000000</valUSD>
        <pctVal>3.663443462041</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Japan Hotel REIT Investment Corporation</name>
        <lei>353800L8KG849FP1JI68</lei>
        <title>JAPAN HOTEL REIT INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046400002"/>
          <other otherDesc="Internal" value="B1530B1"/>
        </identifiers>
        <balance>12771.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>6866299.60000000</valUSD>
        <pctVal>0.153909052522</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AEDIFICA NV</name>
        <lei>529900DTKNXL0AXQFN28</lei>
        <title>AEDIFICA SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0003851681"/>
          <other otherDesc="Internal" value="B1G5XP1"/>
        </identifiers>
        <balance>125830.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363300"/>
        <valUSD>11080341.99000000</valUSD>
        <pctVal>0.248367393888</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SANKEI REAL ESTATE Inc.</name>
        <lei>N/A</lei>
        <title>SANKEI REAL ESTATE INC</title>
        <cusip>J6734A107</cusip>
        <identifiers>
          <isin value="JP3048880003"/>
          <other otherDesc="Internal" value="BHXM4W1"/>
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        <balance>1006.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>863771.16000000</valUSD>
        <pctVal>0.019361549681</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SUNWAY REAL ESTATE INVESTMENT TRUST</name>
        <lei>N/A</lei>
        <title>SUNWAY REAL ESTATE INVESTMENT TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL5176TO001"/>
          <other otherDesc="Internal" value="B62QFR9"/>
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        <balance>4943900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="3.94200000"/>
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        <pctVal>0.072701612931</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TRITAX BIG BOX REIT PLC</name>
        <lei>213800L6X88MIYPVR714</lei>
        <title>TRITAX BIG BOX REIT PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BG49KP99"/>
          <other otherDesc="Internal" value="BG49KP9"/>
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        <balance>6444406.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.73080700"/>
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        <pctVal>0.327896293808</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fibra Uno Administracion S.C.</name>
        <lei>54930011BLQ0JPRBAL73</lei>
        <title>FIBRA UNO ADMINISTRACION SA DE CV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MXCFFU000001"/>
          <other otherDesc="Internal" value="B671GT8"/>
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        <balance>7337448.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OMEGA HEALTHCARE INVESTORS, INC.</name>
        <lei>549300OJ7ENK42CZ8E73</lei>
        <title>OMEGA HEALTHCARE INVESTORS INC</title>
        <cusip>681936100</cusip>
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          <isin value="US6819361006"/>
          <other otherDesc="Internal" value="681936100"/>
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        <balance>777430.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BlackRock Funds III: BlackRock Cash Funds: Institutional; SL Agency Shares</name>
        <lei>N/A</lei>
        <title>BLACKROCK CASH FUNDS INSTITUTIONAL FUND SL AGENCY</title>
        <cusip>066922519</cusip>
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          <isin value="US0669225197"/>
          <other otherDesc="Internal" value="066922519            00001"/>
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        <balance>25665811.16400000</balance>
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        <curCd>USD</curCd>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Daiwa House REIT Investment Corporation</name>
        <lei>3538001FWU534P8JMO05</lei>
        <title>DAIWA HOUSE REIT INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046390005"/>
          <other otherDesc="Internal" value="B0Z6WY0"/>
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        <balance>10889.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>IRON MOUNTAIN INCORPORATED</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>IRON MOUNTAIN INC</title>
        <cusip>46284V101</cusip>
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          <isin value="US46284V1017"/>
          <other otherDesc="Internal" value="46284V101"/>
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        <balance>773583.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>71270201.79000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fibra Mty, S.A.P.I. de C.V.</name>
        <lei>254900YCRXHEDFPM7869</lei>
        <title>FIBRA MTY SAPI DE CV</title>
        <cusip>P13549129</cusip>
        <identifiers>
          <isin value="MXCFFM010000"/>
          <other otherDesc="Internal" value="BTFRPD6"/>
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        <balance>6209861.00000000</balance>
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        <valUSD>5276747.30000000</valUSD>
        <pctVal>0.118279018489</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>AREIT, INC</name>
        <lei>N/A</lei>
        <title>AREIT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PHY1001D1010"/>
          <other otherDesc="Internal" value="BMW2NN1"/>
        </identifiers>
        <balance>3728920.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="58.88050000"/>
        <valUSD>2745368.70000000</valUSD>
        <pctVal>0.061537818047</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MERCIALYS SA</name>
        <lei>969500081CGAXB7YS433</lei>
        <title>MERCIALYS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0010241638"/>
          <other otherDesc="Internal" value="B0LMF87"/>
        </identifiers>
        <balance>247504.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363300"/>
        <valUSD>3114090.81000000</valUSD>
        <pctVal>0.069802774996</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mitsubishi Estate Logistics REIT Investment Corporation</name>
        <lei>353800YYSGZU31ICQK38</lei>
        <title>MITSUBISHI ESTATE LOGISTICS REIT INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3048480002"/>
          <other otherDesc="Internal" value="BF46Y06"/>
        </identifiers>
        <balance>3501.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>2976695.41000000</valUSD>
        <pctVal>0.066723038156</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RESILIENT REIT LIMITED</name>
        <lei>378900F37FF47D486C58</lei>
        <title>RESILIENT REIT LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000209557"/>
          <other otherDesc="Internal" value="BZ1MVY0"/>
        </identifiers>
        <balance>761186.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.15375000"/>
        <valUSD>3793119.08000000</valUSD>
        <pctVal>0.085023287319</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alarko Gayrimenkul Yatirim Ortakligi AS</name>
        <lei>N/A</lei>
        <title>ALARKO GAYRIMENKUL YATIRIM ORTAKLIGI AS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TRAALGYO91Q5"/>
          <other otherDesc="Internal" value="B03MNJ2"/>
        </identifiers>
        <balance>2503055.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="43.48700000"/>
        <valUSD>304485.50000000</valUSD>
        <pctVal>0.006825084476</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EURO</name>
        <lei>N/A</lei>
        <title>EURO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="Internal" value="EUR"/>
        </identifiers>
        <balance>285736.30000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363300"/>
        <valUSD>338697.40000000</valUSD>
        <pctVal>0.007591948933</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetConditional assetCat="OTHER" desc="currency"/>
        <issuerConditional desc="currency" issuerCat="OTHER"/>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HEIWA REAL ESTATE REIT, Inc.</name>
        <lei>3538003GH25628YW4R98</lei>
        <title>HEIWA REAL ESTATE REIT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046220004"/>
          <other otherDesc="Internal" value="B064LV3"/>
        </identifiers>
        <balance>2668.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>2630762.47000000</valUSD>
        <pctVal>0.058968903595</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ESSENTIAL PROPERTIES REALTY TRUST, INC.</name>
        <lei>2549009LXQLVYCGLZO50</lei>
        <title>ESSENTIAL PROPERTIES REALTY TRUST INC</title>
        <cusip>29670E107</cusip>
        <identifiers>
          <isin value="US29670E1073"/>
          <other otherDesc="Internal" value="29670E107"/>
        </identifiers>
        <balance>518570.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15743785.20000000</valUSD>
        <pctVal>0.352899116615</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MONTEA NV</name>
        <lei>5493006K5LQDD0GK1T60</lei>
        <title>MONTEA NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0003853703"/>
          <other otherDesc="Internal" value="B1FWD64"/>
        </identifiers>
        <balance>55303.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363300"/>
        <valUSD>4684242.15000000</valUSD>
        <pctVal>0.104997933835</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sirius Real Estate Limited</name>
        <lei>213800NURUF5W8QSK566</lei>
        <title>SIRIUS REAL ESTATE LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GG00B1W3VF54"/>
          <other otherDesc="Internal" value="B1W3VF5"/>
        </identifiers>
        <balance>3877201.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73080700"/>
        <valUSD>5212525.30000000</valUSD>
        <pctVal>0.116839473502</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>GG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW ZEALAND DOLLAR</name>
        <lei>N/A</lei>
        <title>NEW ZEALAND DOLLAR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="Internal" value="NZD"/>
        </identifiers>
        <balance>162758.25000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.66085400"/>
        <valUSD>97996.72000000</valUSD>
        <pctVal>0.002196609994</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetConditional assetCat="OTHER" desc="currency"/>
        <issuerConditional desc="currency" issuerCat="OTHER"/>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NATIONAL HEALTH INVESTORS, INC.</name>
        <lei>549300ZPKZIG6DKDEC02</lei>
        <title>NATIONAL HEALTH INVESTORS INC</title>
        <cusip>63633D104</cusip>
        <identifiers>
          <isin value="US63633D1046"/>
          <other otherDesc="Internal" value="63633D104"/>
        </identifiers>
        <balance>122178.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10033257.36000000</valUSD>
        <pctVal>0.224896847494</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALAHLI FUND OF REITS FUND</name>
        <lei>N/A</lei>
        <title>ALAHLI REIT FUND 1</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA14E0523P52"/>
          <other otherDesc="Internal" value="BFNNQG8"/>
        </identifiers>
        <balance>127071.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75070000"/>
        <valUSD>216488.57000000</valUSD>
        <pctVal>0.004852621154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Crombie Real Estate Investment Trust</name>
        <lei>N/A</lei>
        <title>CROMBIE REAL ESTATE INVESTMENT TRUST</title>
        <cusip>227107109</cusip>
        <identifiers>
          <isin value="CA2271071094"/>
          <other otherDesc="Internal" value="B11YBV5"/>
        </identifiers>
        <balance>288522.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36165000"/>
        <valUSD>3305506.70000000</valUSD>
        <pctVal>0.074093388570</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dexus Industria REIT</name>
        <lei>N/A</lei>
        <title>DEXUS INDUSTRIA REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000192833"/>
          <other otherDesc="Internal" value="BP2RQ94"/>
        </identifiers>
        <balance>839378.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43605900"/>
        <valUSD>1497459.90000000</valUSD>
        <pctVal>0.033565770185</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fukuoka REIT Corporation</name>
        <lei>N/A</lei>
        <title>FUKUOKA REIT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046240002"/>
          <other otherDesc="Internal" value="B0B8154"/>
        </identifiers>
        <balance>1921.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>2316231.35000000</valUSD>
        <pctVal>0.051918645161</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LaSalle LOGIPORT REIT</name>
        <lei>353800II3DI1RPKBB314</lei>
        <title>LASALLE LOGIPORT REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3048180008"/>
          <other otherDesc="Internal" value="BDD1L29"/>
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        <balance>4288.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>4352130.90000000</valUSD>
        <pctVal>0.097553614362</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ichigo Office REIT Investment Corporation</name>
        <lei>N/A</lei>
        <title>ICHIGO OFFICE REIT INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046300004"/>
          <other otherDesc="Internal" value="B0LNCF6"/>
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        <balance>2389.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>1500162.40000000</valUSD>
        <pctVal>0.033626347095</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Colonial SFL, SOCIMI, S.A.</name>
        <lei>95980020140005007414</lei>
        <title>Colonial SFL Socimi SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0139140174"/>
          <other otherDesc="Internal" value="BD0PJ08"/>
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        <balance>990382.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363300"/>
        <valUSD>6125643.70000000</valUSD>
        <pctVal>0.137307148374</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Centuria Office REIT</name>
        <lei>984500D9D1RFE9AF4796</lei>
        <title>CENTURIA OFFICE REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000077893"/>
          <other otherDesc="Internal" value="BKTW448"/>
        </identifiers>
        <balance>1324016.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43605900"/>
        <valUSD>981907.46000000</valUSD>
        <pctVal>0.022009591138</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Killam Apartment Real Estate Investment Trust</name>
        <lei>2549001RZSL75H60JE41</lei>
        <title>KILLAM APARTMENT REAL ESTATE INVESTMENT TRUST</title>
        <cusip>49410M102</cusip>
        <identifiers>
          <isin value="CA49410M1023"/>
          <other otherDesc="Internal" value="BYZ1856"/>
        </identifiers>
        <balance>311496.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36165000"/>
        <valUSD>4012514.11000000</valUSD>
        <pctVal>0.089941057175</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="656128.54966600"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RYMAN HOSPITALITY PROPERTIES, INC.</name>
        <lei>N/A</lei>
        <title>RYMAN HOSPITALITY PROPERTIES INC</title>
        <cusip>78377T107</cusip>
        <identifiers>
          <isin value="US78377T1079"/>
          <other otherDesc="Internal" value="78377T107"/>
        </identifiers>
        <balance>161232.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15268670.40000000</valUSD>
        <pctVal>0.342249352846</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jadwa REIT Al Haramain Fund</name>
        <lei>N/A</lei>
        <title>JADWA REIT ALHARAMAIN FUND</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA14A0523M59"/>
          <other otherDesc="Internal" value="BYQJ1J4"/>
        </identifiers>
        <balance>180951.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75070000"/>
        <valUSD>248942.11000000</valUSD>
        <pctVal>0.005580071729</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HOME INVEST BELGIUM SA</name>
        <lei>54930090SCENRBKUJO67</lei>
        <title>HOME INVEST BELGIUM SA</title>
        <cusip>B4S13Y126</cusip>
        <identifiers>
          <isin value="BE0974409410"/>
          <other otherDesc="Internal" value="BN91HC5"/>
        </identifiers>
        <balance>27445.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363300"/>
        <valUSD>614227.95000000</valUSD>
        <pctVal>0.013768004212</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Boardwalk Real Estate Investment Trust</name>
        <lei>N/A</lei>
        <title>BOARDWALK REAL ESTATE INVESTMENT TRUST</title>
        <cusip>096631106</cusip>
        <identifiers>
          <isin value="CA0966311064"/>
          <other otherDesc="Internal" value="B011205"/>
        </identifiers>
        <balance>105831.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36165000"/>
        <valUSD>5351202.11000000</valUSD>
        <pctVal>0.119947933324</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AKIS GAYRIMENKUL YATIRIM ORTAKLIGI ANONIM SIRKETI</name>
        <lei>N/A</lei>
        <title>AKIS GAYRIMENKUL YATIRIMI AS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TREAIGY00017"/>
          <other otherDesc="Internal" value="B8055M7"/>
        </identifiers>
        <balance>2495368.66200000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="43.48700000"/>
        <valUSD>502439.47000000</valUSD>
        <pctVal>0.011262250015</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NNN REIT, INC.</name>
        <lei>5493008JKH5SOTI0JS97</lei>
        <title>NNN REIT INC</title>
        <cusip>637417106</cusip>
        <identifiers>
          <isin value="US6374171063"/>
          <other otherDesc="Internal" value="637417106"/>
        </identifiers>
        <balance>492279.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20513265.93000000</valUSD>
        <pctVal>0.459807684977</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mulkia Gulf Real Estate Reit Fund</name>
        <lei>N/A</lei>
        <title>MULKIA GULF REAL ESTATE REIT FUND</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA14CG523O51"/>
          <other otherDesc="Internal" value="BF6S767"/>
        </identifiers>
        <balance>207308.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75070000"/>
        <valUSD>260330.25000000</valUSD>
        <pctVal>0.005835338458</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEWRIVER REIT PLC</name>
        <lei>2138004GX1VAUMH66L31</lei>
        <title>NEWRIVER REIT PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BD7XPJ64"/>
          <other otherDesc="Internal" value="BD7XPJ6"/>
        </identifiers>
        <balance>989183.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73080700"/>
        <valUSD>982676.49000000</valUSD>
        <pctVal>0.022026829052</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>REXFORD INDUSTRIAL REALTY, INC</name>
        <lei>549300MSLO0DF0EMX355</lei>
        <title>REXFORD INDUSTRIAL REALTY INC</title>
        <cusip>76169C100</cusip>
        <identifiers>
          <isin value="US76169C1009"/>
          <other otherDesc="Internal" value="76169C100"/>
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        <balance>615760.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24956752.80000000</valUSD>
        <pctVal>0.559409056006</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LONDONMETRIC PROPERTY PLC</name>
        <lei>213800OCERWWPQDURL87</lei>
        <title>LONDONMETRIC PROPERTY PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B4WFW713"/>
          <other otherDesc="Internal" value="B4WFW71"/>
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        <balance>5883444.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73080700"/>
        <valUSD>16150578.80000000</valUSD>
        <pctVal>0.362017451263</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LINEAGE, INC.</name>
        <lei>N/A</lei>
        <title>LINEAGE INC</title>
        <cusip>53566V106</cusip>
        <identifiers>
          <isin value="US53566V1061"/>
          <other otherDesc="Internal" value="53566V106"/>
        </identifiers>
        <balance>186502.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6659986.42000000</valUSD>
        <pctVal>0.149284514138</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IGB Real Estate Investment Trust</name>
        <lei>N/A</lei>
        <title>IGB REAL ESTATE INVESTMENT TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL5227TO002"/>
          <other otherDesc="Internal" value="B89JCF2"/>
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        <balance>4846500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="3.94200000"/>
        <valUSD>3602294.52000000</valUSD>
        <pctVal>0.080745928488</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="52.02942600"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ESSEX PROPERTY TRUST, INC.</name>
        <lei>N/A</lei>
        <title>ESSEX PROPERTY TRUST INC</title>
        <cusip>297178105</cusip>
        <identifiers>
          <isin value="US2971781057"/>
          <other otherDesc="Internal" value="297178105"/>
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        <balance>168185.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>42360755.95000000</valUSD>
        <pctVal>0.949522186946</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>W.P. CAREY INC.</name>
        <lei>54930042CRNE713E3Q67</lei>
        <title>WP CAREY INC</title>
        <cusip>92936U109</cusip>
        <identifiers>
          <isin value="US92936U1097"/>
          <other otherDesc="Internal" value="92936U109"/>
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        <balance>570914.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>39821251.50000000</valUSD>
        <pctVal>0.892598844454</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EQUITES PROPERTY FUND LIMITED</name>
        <lei>N/A</lei>
        <title>EQUITES PROPERTY FUND LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000188843"/>
          <other otherDesc="Internal" value="BN898F0"/>
        </identifiers>
        <balance>1934844.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.15375000"/>
        <valUSD>2152584.43000000</valUSD>
        <pctVal>0.048250476879</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COVIVIO SA</name>
        <lei>969500P8M3W2XX376054</lei>
        <title>COVIVIO SA FRANCE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000064578"/>
          <other otherDesc="Internal" value="7745638"/>
        </identifiers>
        <balance>142168.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363300"/>
        <valUSD>9082530.67000000</valUSD>
        <pctVal>0.203586177615</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DigiCo Infrastructure REIT</name>
        <lei>N/A</lei>
        <title>DIGICO INFRASTRUCTURE REIT</title>
        <cusip>Q318A4108</cusip>
        <identifiers>
          <isin value="AU0000367088"/>
          <other otherDesc="Internal" value="BTCHK67"/>
        </identifiers>
        <balance>1104098.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43605900"/>
        <valUSD>1968160.47000000</valUSD>
        <pctVal>0.044116588380</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAFESTORE HOLDINGS PLC</name>
        <lei>213800WGA3YSJC1YOH73</lei>
        <title>SAFESTORE HOLDINGS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B1N7Z094"/>
          <other otherDesc="Internal" value="B1N7Z09"/>
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        <balance>564266.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73080700"/>
        <valUSD>6385379.20000000</valUSD>
        <pctVal>0.143129155429</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RL Commercial REIT Inc</name>
        <lei>N/A</lei>
        <title>RL COMMERCIAL REIT INC</title>
        <cusip>Y7319E103</cusip>
        <identifiers>
          <isin value="PHY7319E1039"/>
          <other otherDesc="Internal" value="BLFMKR4"/>
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        <balance>18992200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="58.88050000"/>
        <valUSD>2328847.14000000</valUSD>
        <pctVal>0.052201429833</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VORNADO REALTY TRUST</name>
        <lei>N/A</lei>
        <title>VORNADO REALTY TRUST</title>
        <cusip>929042109</cusip>
        <identifiers>
          <isin value="US9290421091"/>
          <other otherDesc="Internal" value="929042109"/>
        </identifiers>
        <balance>465056.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14825985.28000000</valUSD>
        <pctVal>0.332326504827</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ESR-REIT</name>
        <lei>N/A</lei>
        <title>ESR REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SGXC55341835"/>
          <other otherDesc="Internal" value="BVDJZ16"/>
        </identifiers>
        <balance>1466494.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27210000"/>
        <valUSD>3148867.63000000</valUSD>
        <pctVal>0.070582302213</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BIG YELLOW GROUP PLC</name>
        <lei>213800W7Q4V2ZI8LIW31</lei>
        <title>BIG YELLOW GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0002869419"/>
          <other otherDesc="Internal" value="0286941"/>
        </identifiers>
        <balance>485355.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73080700"/>
        <valUSD>6870586.63000000</valUSD>
        <pctVal>0.154005146891</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHOICE PROPERTIES REAL ESTATE INVESTMENT TRUST</name>
        <lei>5493007MYGFSLOZGT937</lei>
        <title>CHOICE PROPERTIES REAL ESTATE INVESTMENT TRUST</title>
        <cusip>17039A106</cusip>
        <identifiers>
          <isin value="CA17039A1066"/>
          <other otherDesc="Internal" value="BBX46Q3"/>
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        <balance>733574.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36165000"/>
        <valUSD>8210382.81000000</valUSD>
        <pctVal>0.184036863048</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUN COMMUNITIES, INC.</name>
        <lei>N/A</lei>
        <title>SUN COMMUNITIES INC</title>
        <cusip>866674104</cusip>
        <identifiers>
          <isin value="US8666741041"/>
          <other otherDesc="Internal" value="866674104"/>
        </identifiers>
        <balance>322436.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>41088019.48000000</valUSD>
        <pctVal>0.920993623437</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CARMILA SA</name>
        <lei>222100P6D3QKU33LZQ72</lei>
        <title>CARMILA SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0010828137"/>
          <other otherDesc="Internal" value="B4Y0230"/>
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        <balance>165600.00000000</balance>
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        <pctVal>0.071827700276</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ACADIA REALTY TRUST</name>
        <lei>254900C5XLB1YYJQSH07</lei>
        <title>ACADIA REALTY TRUST</title>
        <cusip>004239109</cusip>
        <identifiers>
          <isin value="US0042391096"/>
          <other otherDesc="Internal" value="004239109"/>
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        <balance>344866.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6900768.66000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Northwest Healthcare Properties Real Estate Investment Trust</name>
        <lei>254900P6YIXMWDQDD912</lei>
        <title>NORTHWEST HEALTHCARE PROPERTIES REAL ESTATE INVEST</title>
        <cusip>667495105</cusip>
        <identifiers>
          <isin value="CA6674951059"/>
          <other otherDesc="Internal" value="B4Y8WM3"/>
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        <balance>578519.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36165000"/>
        <valUSD>2375001.81000000</valUSD>
        <pctVal>0.053235993127</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Wereldhave N.V.</name>
        <lei>724500YRQCY3BD9RJZ92</lei>
        <title>WERELDHAVE NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0000289213"/>
          <other otherDesc="Internal" value="4948623"/>
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        <balance>95166.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363300"/>
        <valUSD>2357790.79000000</valUSD>
        <pctVal>0.052850205740</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Far East Hospitality Trust</name>
        <lei>N/A</lei>
        <title>FAR EAST HOSPITALITY TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG2F08984575"/>
          <other otherDesc="Internal" value="B8GM577"/>
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        <balance>2476800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27210000"/>
        <valUSD>1188527.03000000</valUSD>
        <pctVal>0.026640997297</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SOUTH AFRICAN RAND</name>
        <lei>N/A</lei>
        <title>SOUTH AFRICAN RAND</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="Internal" value="ZAR"/>
        </identifiers>
        <balance>2834477.21000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.15375000"/>
        <valUSD>175468.68000000</valUSD>
        <pctVal>0.003933154662</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetConditional assetCat="OTHER" desc="currency"/>
        <issuerConditional desc="currency" issuerCat="OTHER"/>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AVALONBAY COMMUNITIES, INC.</name>
        <lei>K9G90K85RBWD2LAGQX17</lei>
        <title>AVALONBAY COMMUNITIES INC</title>
        <cusip>053484101</cusip>
        <identifiers>
          <isin value="US0534841012"/>
          <other otherDesc="Internal" value="053484101"/>
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        <balance>374974.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>66621630.58000000</valUSD>
        <pctVal>1.493333037798</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DJ US REAL ESTATE MAR26</name>
        <lei>N/A</lei>
        <title>DJ US REAL ESTATE MAR26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="REIH26"/>
          <other otherDesc="INTERNAL" value="DJEH62029"/>
        </identifiers>
        <balance>579.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>301148.73000000</valUSD>
        <pctVal>0.006750290316</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Index Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>BOARD OF TRADE OF THE CITY OF CHICAGO, INC.</counterpartyName>
              <counterpartyLei>549300EX04Q2QBFQTQ27</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Dow Jones US Real Estate Composite Index Future Mar 2026</indexName>
                <indexIdentifier>REIH26</indexIdentifier>
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            <expDate>2026-03-20</expDate>
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            <curCd>USD</curCd>
            <unrealizedAppr>301148.73000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUNSTONE HOTEL INVESTORS, INC.</name>
        <lei>N/A</lei>
        <title>SUNSTONE HOTEL INVESTORS INC</title>
        <cusip>867892101</cusip>
        <identifiers>
          <isin value="US8678921011"/>
          <other otherDesc="Internal" value="867892101"/>
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        <balance>471676.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4136598.52000000</valUSD>
        <pctVal>0.092722426338</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Alkhabeer REIT Fund</name>
        <lei>N/A</lei>
        <title>ALKHABEER REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA14LG523U13"/>
          <other otherDesc="Internal" value="BH0P575"/>
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        <balance>261108.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75070000"/>
        <valUSD>403075.51000000</valUSD>
        <pctVal>0.009034993148</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PEBBLEBROOK HOTEL TRUST</name>
        <lei>5493004Q1NNH6JXCSI52</lei>
        <title>PEBBLEBROOK HOTEL TRUST</title>
        <cusip>70509V100</cusip>
        <identifiers>
          <isin value="US70509V1008"/>
          <other otherDesc="Internal" value="70509V100"/>
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        <balance>307155.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3507710.10000000</valUSD>
        <pctVal>0.078625805669</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEXPOINT RESIDENTIAL TRUST, INC.</name>
        <lei>N/A</lei>
        <title>NEXPOINT RESIDENTIAL TRUST INC</title>
        <cusip>65341D102</cusip>
        <identifiers>
          <isin value="US65341D1028"/>
          <other otherDesc="Internal" value="65341D102"/>
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        <balance>60724.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1835079.28000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AMERICOLD REALTY TRUST, INC.</name>
        <lei>N/A</lei>
        <title>AMERICOLD REALTY TRUST INC</title>
        <cusip>03064D108</cusip>
        <identifiers>
          <isin value="US03064D1081"/>
          <other otherDesc="Internal" value="03064D108"/>
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        <balance>754420.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9362352.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Pavilion Real Estate Investment Trust</name>
        <lei>N/A</lei>
        <title>PAVILION REAL ESTATE INVESTMENT TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL5212TO004"/>
          <other otherDesc="Internal" value="B79YDV3"/>
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        <balance>4533600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="3.94200000"/>
        <valUSD>2231395.30000000</valUSD>
        <pctVal>0.050017033399</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United Urban Investment Corporation</name>
        <lei>353800GYZWBD7BDCN841</lei>
        <title>UNITED URBAN INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3045540006"/>
          <other otherDesc="Internal" value="6723839"/>
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        <balance>8021.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
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        <pctVal>0.207720487967</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HELICAL PLC</name>
        <lei>2138003SBD2Z7WV2MP70</lei>
        <title>HELICAL PLC</title>
        <cusip>G43904195</cusip>
        <identifiers>
          <isin value="GB00B0FYMT95"/>
          <other otherDesc="Internal" value="B0FYMT9"/>
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        <balance>277525.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73080700"/>
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        <pctVal>0.016412346275</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Vicinity Centres</name>
        <lei>N/A</lei>
        <title>VICINITY CENTRES</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000VCX7"/>
          <other otherDesc="Internal" value="BY7QXS7"/>
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        <balance>10111914.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43605900"/>
        <valUSD>17251408.93000000</valUSD>
        <pctVal>0.386692710452</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GRAINGER PLC</name>
        <lei>2138007CEIRKZMNI2979</lei>
        <title>GRAINGER PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B04V1276"/>
          <other otherDesc="Internal" value="B04V127"/>
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        <balance>1840391.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73080700"/>
        <valUSD>4885501.29000000</valUSD>
        <pctVal>0.109509185215</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FONDS DE PLACEMENT IMMOBILIER D'IMMEUBLES RESIDENTIELS CANADIEN</name>
        <lei>549300B1MYVTQEB2DI90</lei>
        <title>CANADIAN APARTMENT PROPERTIES REIT</title>
        <cusip>134921105</cusip>
        <identifiers>
          <isin value="CA1349211054"/>
          <other otherDesc="Internal" value="2117599"/>
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        <balance>411010.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36165000"/>
        <valUSD>11639221.24000000</valUSD>
        <pctVal>0.260894749357</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>InterRent Real Estate Investment Trust</name>
        <lei>N/A</lei>
        <title>INTERRENT REAL ESTATE INVESTMENT TRUST</title>
        <cusip>46071W205</cusip>
        <identifiers>
          <isin value="CA46071W2058"/>
          <other otherDesc="Internal" value="B1L9R12"/>
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        <balance>351693.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36165000"/>
        <valUSD>3442931.51000000</valUSD>
        <pctVal>0.077173784640</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>THE GPT GROUP</name>
        <lei>N/A</lei>
        <title>GPT GROUP THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000GPT8"/>
          <other otherDesc="Internal" value="6365866"/>
        </identifiers>
        <balance>5055148.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43605900"/>
        <valUSD>18572674.00000000</valUSD>
        <pctVal>0.416309049223</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RETAIL ESTATES NV</name>
        <lei>5493007CO5W5OBFG7L21</lei>
        <title>RETAIL ESTATES NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0003720340"/>
          <other otherDesc="Internal" value="5438361"/>
        </identifiers>
        <balance>31062.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363300"/>
        <valUSD>2380816.92000000</valUSD>
        <pctVal>0.053366339620</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GROWTHPOINT PROPERTIES LIMITED</name>
        <lei>37890019DD1E46632291</lei>
        <title>GROWTHPOINT PROPERTIES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000179420"/>
          <other otherDesc="Internal" value="BBGB5W0"/>
        </identifiers>
        <balance>8472744.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.15375000"/>
        <valUSD>9283761.90000000</valUSD>
        <pctVal>0.208096803389</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STOCKLAND CORPORATION LTD</name>
        <lei>N/A</lei>
        <title>STOCKLAND</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000SGP0"/>
          <other otherDesc="Internal" value="6850856"/>
        </identifiers>
        <balance>6346102.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43605900"/>
        <valUSD>23744613.58000000</valUSD>
        <pctVal>0.532238788214</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NSI N.V.</name>
        <lei>724500I77C30W2LZZJ03</lei>
        <title>NSI NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0012365084"/>
          <other otherDesc="Internal" value="BZBY737"/>
        </identifiers>
        <balance>38714.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363300"/>
        <valUSD>849538.41000000</valUSD>
        <pctVal>0.019042520627</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUPERMARKET INCOME REIT PLC</name>
        <lei>2138007FOINJKAM7L537</lei>
        <title>SUPERMARKET INCOME REIT PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BF345X11"/>
          <other otherDesc="Internal" value="BF345X1"/>
        </identifiers>
        <balance>3246310.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73080700"/>
        <valUSD>3716700.66000000</valUSD>
        <pctVal>0.083310357895</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FAIRVEST LIMITED</name>
        <lei>N/A</lei>
        <title>FAIRVEST LTD</title>
        <cusip>S2697S102</cusip>
        <identifiers>
          <isin value="ZAE000304796"/>
          <other otherDesc="Internal" value="BPKBQZ4"/>
        </identifiers>
        <balance>3722164.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.15375000"/>
        <valUSD>1525387.34000000</valUSD>
        <pctVal>0.034191767605</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Frasers Centrepoint Trust</name>
        <lei>5493002RGQ266FKERZ83</lei>
        <title>FRASERS CENTREPOINT TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1T60930966"/>
          <other otherDesc="Internal" value="B17NZ47"/>
        </identifiers>
        <balance>3348633.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27210000"/>
        <valUSD>5896228.98000000</valUSD>
        <pctVal>0.132164785785</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINESE RENMINBI</name>
        <lei>N/A</lei>
        <title>CHINESE RENMINBI</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="Internal" value="CNY"/>
        </identifiers>
        <balance>13759.91000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.96055000"/>
        <valUSD>1976.84000000</valUSD>
        <pctVal>0.000044311141</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetConditional assetCat="OTHER" desc="currency"/>
        <issuerConditional desc="currency" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASCENCIO SA</name>
        <lei>549300PHFI20T3WJRO63</lei>
        <title>ASCENCIO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0003856730"/>
          <other otherDesc="Internal" value="B1R6PX5"/>
        </identifiers>
        <balance>15910.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363300"/>
        <valUSD>1043131.41000000</valUSD>
        <pctVal>0.023381934422</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TARGET HEALTHCARE REIT PLC</name>
        <lei>213800RXPY9WULUSBC04</lei>
        <title>TARGET HEALTHCARE REIT PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BJGTLF51"/>
          <other otherDesc="Internal" value="BJGTLF5"/>
        </identifiers>
        <balance>1621139.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73080700"/>
        <valUSD>2307273.60000000</valUSD>
        <pctVal>0.051717855959</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PROLOGIS, INC.</name>
        <lei>529900DFH19P073LZ636</lei>
        <title>PROLOGIS INC</title>
        <cusip>74340W103</cusip>
        <identifiers>
          <isin value="US74340W1036"/>
          <other otherDesc="Internal" value="74340W103"/>
        </identifiers>
        <balance>2445910.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>319338009.60000000</valUSD>
        <pctVal>7.158005527764</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CapitaLand China Trust</name>
        <lei>5493007T7JU82E186P49</lei>
        <title>CAPITALAND CHINA TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1U25933169"/>
          <other otherDesc="Internal" value="B1HL3P8"/>
        </identifiers>
        <balance>3084530.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27210000"/>
        <valUSD>1901075.71000000</valUSD>
        <pctVal>0.042612874232</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="872164.00533300"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nomura Real Estate Master Fund, Inc.</name>
        <lei>N/A</lei>
        <title>NOMURA REAL ESTATE MASTER FUND INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3048110005"/>
          <other otherDesc="Internal" value="BYSJJF4"/>
        </identifiers>
        <balance>10862.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>11736669.64000000</valUSD>
        <pctVal>0.263079068683</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alianza Trust Renda Imobiliaria FII - FII</name>
        <lei>N/A</lei>
        <title>ALIANZA TRUST RENDA IMOBILIARIA FII</title>
        <cusip>P0R621106</cusip>
        <identifiers>
          <isin value="BRALZRCTF006"/>
          <other otherDesc="Internal" value="BFXH3D6"/>
        </identifiers>
        <balance>316827.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.26275000"/>
        <valUSD>647771.32000000</valUSD>
        <pctVal>0.014519883477</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="CLOSED-END FUND"/>
        <issuerCat>RF</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Keppel REIT</name>
        <lei>549300ZD5HZLQCF55J25</lei>
        <title>KEPPEL REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1T22929874"/>
          <other otherDesc="Internal" value="B12RQH4"/>
        </identifiers>
        <balance>7873220.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27210000"/>
        <valUSD>6104642.09000000</valUSD>
        <pctVal>0.136836394389</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Japan Metropolitan Fund Investment Corporation</name>
        <lei>353800QDHNIP60E1LQ93</lei>
        <title>JAPAN METROPOLITAN FUND INVEST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3039710003"/>
          <other otherDesc="Internal" value="6513342"/>
        </identifiers>
        <balance>17689.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>13922692.30000000</valUSD>
        <pctVal>0.312079068099</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REGION RE LIMITED</name>
        <lei>549300MS6NZV0B7K7D28</lei>
        <title>REGION GROUP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000253502"/>
          <other otherDesc="Internal" value="BPBMY63"/>
        </identifiers>
        <balance>3044104.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43605900"/>
        <valUSD>4882573.47000000</valUSD>
        <pctVal>0.109443557726</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OUE Real Estate Investment Trust</name>
        <lei>549300ZH7I6OTTYIPE70</lei>
        <title>OUE REAL ESTATE INVESTMENT TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG2G60000004"/>
          <other otherDesc="Internal" value="BJ62K79"/>
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        <balance>6048500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27210000"/>
        <valUSD>1783026.10000000</valUSD>
        <pctVal>0.039966775943</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VENTAS, INC.</name>
        <lei>ORQTRC074CWLT3DKHT41</lei>
        <title>VENTAS INC</title>
        <cusip>92276F100</cusip>
        <identifiers>
          <isin value="US92276F1003"/>
          <other otherDesc="Internal" value="92276F100"/>
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        <balance>1234602.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>95891537.34000000</valUSD>
        <pctVal>2.149422034681</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MERLIN Properties SOCIMI, S.A.</name>
        <lei>959800L8KD863DP30X04</lei>
        <title>MERLIN PROPERTIES SOCIMI SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0105025003"/>
          <other otherDesc="Internal" value="BNGNB77"/>
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        <balance>993587.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363300"/>
        <valUSD>14787757.66000000</valUSD>
        <pctVal>0.331469627452</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HEALTHPEAK PROPERTIES, INC.</name>
        <lei>254900M6MTMZM0I22L81</lei>
        <title>HEALTHPEAK PROPERTIES INC</title>
        <cusip>42250P103</cusip>
        <identifiers>
          <isin value="US42250P1030"/>
          <other otherDesc="Internal" value="42250P103"/>
        </identifiers>
        <balance>1828058.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>31515719.92000000</valUSD>
        <pctVal>0.706429208603</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STOR-AGE PROPERTY REIT LIMITED</name>
        <lei>378900F5910D22484890</lei>
        <title>STOR AGE PROPERTY REIT LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000208963"/>
          <other otherDesc="Internal" value="BYPJX22"/>
        </identifiers>
        <balance>1183063.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.15375000"/>
        <valUSD>1294841.99000000</valUSD>
        <pctVal>0.029024061788</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="125864.41635600"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DIAMONDROCK HOSPITALITY COMPANY</name>
        <lei>529900KKD4BPVBUAQ734</lei>
        <title>DIAMONDROCK HOSPITALITY CO</title>
        <cusip>252784301</cusip>
        <identifiers>
          <isin value="US2527843013"/>
          <other otherDesc="Internal" value="252784301"/>
        </identifiers>
        <balance>540046.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4957622.28000000</valUSD>
        <pctVal>0.111125787153</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aspen Group Ltd</name>
        <lei>N/A</lei>
        <title>ASPEN GROUP LTD AUSTRALIA</title>
        <cusip>Q05677101</cusip>
        <identifiers>
          <isin value="AU000000APZ8"/>
          <other otherDesc="Internal" value="6361057"/>
        </identifiers>
        <balance>536409.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43605900"/>
        <valUSD>1953415.99000000</valUSD>
        <pctVal>0.043786088827</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vinci Logistica FII - FII</name>
        <lei>N/A</lei>
        <title>VINCI LOGISTICA FII</title>
        <cusip>P979AQ109</cusip>
        <identifiers>
          <isin value="BRVILGCTF001"/>
          <other otherDesc="Internal" value="BJ0M5G9"/>
        </identifiers>
        <balance>38863.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.26275000"/>
        <valUSD>758023.27000000</valUSD>
        <pctVal>0.016991196142</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="CLOSED-END FUND"/>
        <issuerCat>RF</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARGOSY PROPERTY LIMITED</name>
        <lei>9845005EAC0D08F77F73</lei>
        <title>ARGOSY PROPERTY LTD</title>
        <cusip>Q0525Z126</cusip>
        <identifiers>
          <isin value="NZARGE0010S7"/>
          <other otherDesc="Internal" value="B6ZFBN1"/>
        </identifiers>
        <balance>1989820.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.66085400"/>
        <valUSD>1399241.65000000</valUSD>
        <pctVal>0.031364194565</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="170416.32832400"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CUSTODIAN PROPERTY INCOME REIT PLC</name>
        <lei>2138001BOD1J5XK1CX76</lei>
        <title>CUSTODIAN PROPERTY INCOME REIT PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BJFLFT45"/>
          <other otherDesc="Internal" value="BJFLFT4"/>
        </identifiers>
        <balance>1052483.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73080700"/>
        <valUSD>1221260.31000000</valUSD>
        <pctVal>0.027374718282</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAUDI ARABIAN RYAL</name>
        <lei>N/A</lei>
        <title>SAUDI ARABIAN RYAL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="Internal" value="SAR"/>
        </identifiers>
        <balance>-40807.65000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75070000"/>
        <valUSD>-10880.01000000</valUSD>
        <pctVal>-0.00024387692</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetConditional assetCat="OTHER" desc="currency"/>
        <issuerConditional desc="currency" issuerCat="OTHER"/>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Link Real Estate Investment Trust</name>
        <lei>N/A</lei>
        <title>LINK REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0823032773"/>
          <other otherDesc="Internal" value="B0PB4M7"/>
        </identifiers>
        <balance>6826520.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.81210000"/>
        <valUSD>31386706.87000000</valUSD>
        <pctVal>0.703537363294</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EMBASSY OFFICE PARKS REIT</name>
        <lei>335800O555A557E43Z08</lei>
        <title>EMBASSY OFFICE PARKS REIT</title>
        <cusip>Y2R9YR104</cusip>
        <identifiers>
          <isin value="INE041025011"/>
          <other otherDesc="Internal" value="BJH4V15"/>
        </identifiers>
        <balance>2309334.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="91.98750000"/>
        <valUSD>10907283.65000000</valUSD>
        <pctVal>0.244488267329</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Allied Properties Real Estate Investment Trust</name>
        <lei>549300AMZMPKVHA0MY77</lei>
        <title>ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST</title>
        <cusip>019456102</cusip>
        <identifiers>
          <isin value="CA0194561027"/>
          <other otherDesc="Internal" value="2387701"/>
        </identifiers>
        <balance>333596.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36165000"/>
        <valUSD>3442164.87000000</valUSD>
        <pctVal>0.077156600298</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2701512.72078700"/>
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      </invstOrSec>
      <invstOrSec>
        <name>SABRA HEALTH CARE REIT, INC.</name>
        <lei>549300E3BC7GU7TAZ621</lei>
        <title>SABRA HEALTH CARE REIT INC</title>
        <cusip>78573L106</cusip>
        <identifiers>
          <isin value="US78573L1061"/>
          <other otherDesc="Internal" value="78573L106"/>
        </identifiers>
        <balance>621751.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11645396.23000000</valUSD>
        <pctVal>0.261033162609</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Charter Hall Long WALE REIT</name>
        <lei>N/A</lei>
        <title>CHARTER HALL LONG WALE REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000CLW0"/>
          <other otherDesc="Internal" value="BDB46J2"/>
        </identifiers>
        <balance>1793169.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43605900"/>
        <valUSD>4850075.13000000</valUSD>
        <pctVal>0.108715102953</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MAPLETREE LOGISTICS TRUST</name>
        <lei>549300M9EBZIYH387075</lei>
        <title>MAPLETREE LOGISTICS TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1S03926213"/>
          <other otherDesc="Internal" value="B0D6P43"/>
        </identifiers>
        <balance>8850913.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27210000"/>
        <valUSD>9416842.99000000</valUSD>
        <pctVal>0.211079834376</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="744.75820600"/>
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      </invstOrSec>
      <invstOrSec>
        <name>CENTURIA INDUSTRIAL REIT</name>
        <lei>984500D6B1D6BC3F7B08</lei>
        <title>CENTURIA INDUSTRIAL REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000CIP0"/>
          <other otherDesc="Internal" value="BD31FD8"/>
        </identifiers>
        <balance>1658568.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43605900"/>
        <valUSD>3747536.63000000</valUSD>
        <pctVal>0.084001550415</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWICORP WABEL REIT</name>
        <lei>N/A</lei>
        <title>ALINMA RETAIL REIT FUND</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA14HG523SL1"/>
          <other otherDesc="Internal" value="BFYRRL1"/>
        </identifiers>
        <balance>254388.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75070000"/>
        <valUSD>318095.21000000</valUSD>
        <pctVal>0.007130148003</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GOODMAN GROUP</name>
        <lei>N/A</lei>
        <title>GOODMAN GROUP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000GMG2"/>
          <other otherDesc="Internal" value="B03FYZ4"/>
        </identifiers>
        <balance>5231871.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43605900"/>
        <valUSD>111144189.36000000</valUSD>
        <pctVal>2.491312333330</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>One REIT, Inc.</name>
        <lei>N/A</lei>
        <title>ONE REIT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3047640002"/>
          <other otherDesc="Internal" value="BDGTL31"/>
        </identifiers>
        <balance>1727.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>1015298.70000000</valUSD>
        <pctVal>0.022758060388</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Starhill Global Real Estate Investment Trust</name>
        <lei>549300GCJNC7HDN3YK51</lei>
        <title>STARHILL GLOBAL REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1S18926810"/>
          <other otherDesc="Internal" value="B0HZGR6"/>
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        <balance>3700600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27210000"/>
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        <pctVal>0.038477077309</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SHURGARD SELF STORAGE LIMITED</name>
        <lei>549300J0UEIKU81XO336</lei>
        <title>SHURGARD SELF STORAGE LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GG00BQZCBZ44"/>
          <other otherDesc="Internal" value="BQZCBZ4"/>
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        <balance>86275.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363300"/>
        <valUSD>3131587.47000000</valUSD>
        <pctVal>0.070194965043</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MALAYSIAN RINGGIT</name>
        <lei>N/A</lei>
        <title>MALAYSIAN RINGITT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="Internal" value="MYR"/>
        </identifiers>
        <balance>154539.28000000</balance>
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        <currencyConditional curCd="MYR" exchangeRt="3.94200000"/>
        <valUSD>39203.27000000</valUSD>
        <pctVal>0.000878746703</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetConditional assetCat="OTHER" desc="currency"/>
        <issuerConditional desc="currency" issuerCat="OTHER"/>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WAYPOINT REIT LIMITED</name>
        <lei>5493003CS5K82RREKA54</lei>
        <title>WAYPOINT REIT LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000088064"/>
          <other otherDesc="Internal" value="BLBQ285"/>
        </identifiers>
        <balance>1613411.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43605900"/>
        <valUSD>2750145.04000000</valUSD>
        <pctVal>0.061644880367</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Frontier Real Estate Investment Corporation</name>
        <lei>N/A</lei>
        <title>FRONTIER REAL ESTATE INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046200006"/>
          <other otherDesc="Internal" value="B020QY3"/>
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        <balance>6403.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>3772181.88000000</valUSD>
        <pctVal>0.084553977093</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Schroder Real Estate Investment Trust Limited</name>
        <lei>549300ZIJJTMTIIQJP67</lei>
        <title>SCHRODER REAL ESTATE INVESTMENT TRUST LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B01HM147"/>
          <other otherDesc="Internal" value="B01HM14"/>
        </identifiers>
        <balance>1249178.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73080700"/>
        <valUSD>960633.98000000</valUSD>
        <pctVal>0.021532743150</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>GG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First Capital Real Estate Investment Trust</name>
        <lei>54930042UG2WCIIAQZ39</lei>
        <title>FIRST CAPITAL REAL ESTATE INVESTMENT TRUST</title>
        <cusip>31890B103</cusip>
        <identifiers>
          <isin value="CA31890B1031"/>
          <other otherDesc="Internal" value="BKSLS55"/>
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        <balance>559276.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>AEW UK REIT PLC</name>
        <lei>21380073LDXHV2LP5K50</lei>
        <title>AEW UK REIT PLC</title>
        <cusip>G012AV108</cusip>
        <identifiers>
          <isin value="GB00BWD24154"/>
          <other otherDesc="Internal" value="BWD2415"/>
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        <balance>322888.00000000</balance>
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        <valUSD>477169.81000000</valUSD>
        <pctVal>0.010695827101</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COPT DEFENSE PROPERTIES</name>
        <lei>YY1J47X6LF9TYY8JY420</lei>
        <title>COPT DEFENSE PROPERTIES</title>
        <cusip>22002T108</cusip>
        <identifiers>
          <isin value="US22002T1088"/>
          <other otherDesc="Internal" value="22002T108"/>
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        <balance>298778.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9205350.18000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CUBESMART</name>
        <lei>N/A</lei>
        <title>CUBESMART</title>
        <cusip>229663109</cusip>
        <identifiers>
          <isin value="US2296631094"/>
          <other otherDesc="Internal" value="229663109"/>
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        <balance>595874.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22363151.22000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KOREAN WON</name>
        <lei>N/A</lei>
        <title>KOREAN WON</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="Internal" value="KRW"/>
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        <balance>52129499.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1439.40000000"/>
        <valUSD>36216.13000000</valUSD>
        <pctVal>0.000811789548</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetConditional assetCat="OTHER" desc="currency"/>
        <issuerConditional desc="currency" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UMH PROPERTIES, INC.</name>
        <lei>N/A</lei>
        <title>UMH PROPERTIES INC</title>
        <cusip>903002103</cusip>
        <identifiers>
          <isin value="US9030021037"/>
          <other otherDesc="Internal" value="903002103"/>
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        <balance>211566.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3306776.58000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SmartCentres Real Estate Investment Trust</name>
        <lei>549300HKEP2IYWZ14H97</lei>
        <title>SMARTCENTRES REAL ESTATE INVESTMENT TRUST</title>
        <cusip>83179X108</cusip>
        <identifiers>
          <isin value="CA83179X1087"/>
          <other otherDesc="Internal" value="BZ22BK5"/>
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        <balance>340206.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36165000"/>
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        <pctVal>0.149474279127</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="6601670.99647700"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Sekisui House Reit, Inc.</name>
        <lei>N/A</lei>
        <title>SEKISUI HOUSE REIT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3047820000"/>
          <other otherDesc="Internal" value="BSKRKL7"/>
        </identifiers>
        <balance>10136.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>5952104.31000000</valUSD>
        <pctVal>0.133417239013</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WORKSPACE GROUP PLC</name>
        <lei>2138003GUZRFIN3UT430</lei>
        <title>WORKSPACE GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B67G5X01"/>
          <other otherDesc="Internal" value="B67G5X0"/>
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        <balance>344310.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73080700"/>
        <valUSD>1976418.47000000</valUSD>
        <pctVal>0.044301692589</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>H&amp;R Real Estate Investment Trust</name>
        <lei>549300TGNP6B6GUVGW10</lei>
        <title>H R REAL ESTATE INVESTMENT TRUST</title>
        <cusip>403925407</cusip>
        <identifiers>
          <isin value="CA4039254079"/>
          <other otherDesc="Internal" value="BGM8DW6"/>
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        <balance>678804.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36165000"/>
        <valUSD>5359044.54000000</valUSD>
        <pctVal>0.120123722474</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FOUR CORNERS PROPERTY TRUST, INC.</name>
        <lei>549300SVTPZPBDVNER42</lei>
        <title>FOUR CORNERS PROPERTY TRUST INC</title>
        <cusip>35086T109</cusip>
        <identifiers>
          <isin value="US35086T1097"/>
          <other otherDesc="Internal" value="35086T109"/>
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        <balance>274519.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6766893.35000000</valUSD>
        <pctVal>0.151680847719</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CDL Hospitality Trusts</name>
        <lei>N/A</lei>
        <title>CDL HOSPITALITY TRUSTS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1T66931158"/>
          <other otherDesc="Internal" value="B192HG8"/>
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        <balance>2096400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27210000"/>
        <valUSD>1427612.75000000</valUSD>
        <pctVal>0.032000136685</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FRASERS LOGISTICS &amp; COMMERCIAL TRUST</name>
        <lei>25490039A7FZFHHURL81</lei>
        <title>FRASERS LOGISTICS COMMERCIAL TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1CI9000006"/>
          <other otherDesc="Internal" value="BYYFHZ2"/>
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        <balance>7286900.00000000</balance>
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        <currencyConditional curCd="SGD" exchangeRt="1.27210000"/>
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        <pctVal>0.129827076532</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Vastned NV</name>
        <lei>54930068RSC6OT68NE51</lei>
        <title>VASTNED BELGIUM NV</title>
        <cusip>B52491105</cusip>
        <identifiers>
          <isin value="BE0003754687"/>
          <other otherDesc="Internal" value="5847086"/>
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        <balance>21182.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84363300"/>
        <valUSD>753242.23000000</valUSD>
        <pctVal>0.016884028471</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Apple Hospitality REIT, Inc.</name>
        <lei>549300EVZAR0FBZO4F16</lei>
        <title>APPLE HOSPITALITY REIT INC</title>
        <cusip>03784Y200</cusip>
        <identifiers>
          <isin value="US03784Y2000"/>
          <other otherDesc="Internal" value="03784Y200"/>
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        <balance>585504.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6815266.56000000</valUSD>
        <pctVal>0.152765139892</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Samty Residential Investment Corporation</name>
        <lei>N/A</lei>
        <title>SAMTY RESIDENTIAL INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3047960004"/>
          <other otherDesc="Internal" value="BYRVCJ6"/>
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        <balance>839.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>617954.46000000</valUSD>
        <pctVal>0.013851534448</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HONG KONG DOLLAR</name>
        <lei>N/A</lei>
        <title>HONG KONG DOLLAR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="Internal" value="HKD"/>
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        <balance>858254.36000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.81210000"/>
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        <payoffProfile>N/A</payoffProfile>
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        <issuerConditional desc="currency" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EMIRA PROPERTY FUND LIMITED</name>
        <lei>N/A</lei>
        <title>EMIRA PROPERTY FUND LTD</title>
        <cusip>N/A</cusip>
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          <isin value="ZAE000203063"/>
          <other otherDesc="Internal" value="BWV0563"/>
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        <balance>365959.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SOSiLA Logistics REIT, Inc.</name>
        <lei>N/A</lei>
        <title>SOSILA LOGISTICS REIT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3048960003"/>
          <other otherDesc="Internal" value="BG0WNL9"/>
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        <balance>1720.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SASSEUR REAL ESTATE INVESTMENT TRUST</name>
        <lei>N/A</lei>
        <title>SASSEUR REAL ESTATE INVESTMENT TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1ED2000000"/>
          <other otherDesc="Internal" value="BD6RNW8"/>
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        <balance>1422200.00000000</balance>
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        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SPI 200 FUTURES MAR26</name>
        <lei>N/A</lei>
        <title>SPI 200 FUTURES MAR26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="APH26"/>
          <other otherDesc="INTERNAL" value="XPH620261"/>
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        <balance>25.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.43605900"/>
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        <pctVal>0.001053807586</pctVal>
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        <assetCat>DE</assetCat>
        <issuerConditional desc="Index Future" issuerCat="OTHER"/>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>ASX Clear (Futures)</counterpartyName>
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                <indexName>SPI 200 Future Mar 2026</indexName>
                <indexIdentifier>APH26</indexIdentifier>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ALTAREA SCA</name>
        <lei>969500ICGCY1PD6OT783</lei>
        <title>ALTAREA SCA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000033219"/>
          <other otherDesc="Internal" value="4821638"/>
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        <balance>16591.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84363300"/>
        <valUSD>2288445.25000000</valUSD>
        <pctVal>0.051295815897</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Prologis Property Mexico, S.A de C.V.</name>
        <lei>549300JMTSVQ6LKX5222</lei>
        <title>PROLOGIS PROPERTY MEXICO SA DE CV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MXCFFI170008"/>
          <other otherDesc="Internal" value="BN56JP1"/>
        </identifiers>
        <balance>2835607.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="17.47600000"/>
        <valUSD>13029253.95000000</valUSD>
        <pctVal>0.292052524262</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CapitaLand Integrated Commercial Trust</name>
        <lei>54930031292WUTXF0L29</lei>
        <title>CAPITALAND INTEGRATED COMMERCIAL TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1M51904654"/>
          <other otherDesc="Internal" value="6420129"/>
        </identifiers>
        <balance>15623204.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27210000"/>
        <valUSD>29331067.05000000</valUSD>
        <pctVal>0.657459913218</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NETSTREIT CORP.</name>
        <lei>254900CJL0EDMEQ25Q84</lei>
        <title>NETSTREIT CORP</title>
        <cusip>64119V303</cusip>
        <identifiers>
          <isin value="US64119V3033"/>
          <other otherDesc="Internal" value="64119V303"/>
        </identifiers>
        <balance>218011.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4107327.24000000</valUSD>
        <pctVal>0.092066306560</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAFEHOLD INC.</name>
        <lei>N/A</lei>
        <title>SAFEHOLD INC</title>
        <cusip>78646V107</cusip>
        <identifiers>
          <isin value="US78646V1070"/>
          <other otherDesc="Internal" value="78646V107"/>
        </identifiers>
        <balance>146751.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2070656.61000000</valUSD>
        <pctVal>0.046414053494</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mindspace Business Parks REIT</name>
        <lei>335800KNDFQZVN5X6W64</lei>
        <title>MINDSPACE BUSINESS PARKS REIT</title>
        <cusip>Y60386102</cusip>
        <identifiers>
          <isin value="INE0CCU25019"/>
          <other otherDesc="Internal" value="BMF5XN7"/>
        </identifiers>
        <balance>551314.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="91.98750000"/>
        <valUSD>2987688.86000000</valUSD>
        <pctVal>0.066969457854</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hoshino Resorts REIT, Inc.</name>
        <lei>353800DF2MUZWFL4IL56</lei>
        <title>HOSHINO RESORTS REIT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3047610005"/>
          <other otherDesc="Internal" value="BBH7G35"/>
        </identifiers>
        <balance>1452.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>2410511.82000000</valUSD>
        <pctVal>0.054031954899</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Al Maather REIT Fund</name>
        <lei>N/A</lei>
        <title>AL MAATHER REIT FUND</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA14BG523N54"/>
          <other otherDesc="Internal" value="BF1B8V3"/>
        </identifiers>
        <balance>132297.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75070000"/>
        <valUSD>326624.42000000</valUSD>
        <pctVal>0.007321331421</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Healthcare &amp; Medical Investment Corporation</name>
        <lei>N/A</lei>
        <title>HEALTH CARE MEDICAL INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3047910009"/>
          <other otherDesc="Internal" value="BVVFD01"/>
        </identifiers>
        <balance>876.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>685230.30000000</valUSD>
        <pctVal>0.015359531680</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DIGITAL CORE REIT</name>
        <lei>549300IIGO612K0POE26</lei>
        <title>DIGITAL CORE REIT MANAGEMENT PTE LTD</title>
        <cusip>Y2076L101</cusip>
        <identifiers>
          <isin value="SGXC50067435"/>
          <other otherDesc="Internal" value="BNYGMH5"/>
        </identifiers>
        <balance>2306800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1245926.12000000</valUSD>
        <pctVal>0.027927605815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CARETRUST REIT, INC.</name>
        <lei>N/A</lei>
        <title>CARETRUST REIT INC</title>
        <cusip>14174T107</cusip>
        <identifiers>
          <isin value="US14174T1079"/>
          <other otherDesc="Internal" value="14174T107"/>
        </identifiers>
        <balance>585768.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21872577.12000000</valUSD>
        <pctVal>0.490276832775</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INVENTRUST PROPERTIES CORP.</name>
        <lei>5493006BQYSOBYVUFA03</lei>
        <title>INVENTRUST PROPERTIES CORP</title>
        <cusip>46124J201</cusip>
        <identifiers>
          <isin value="US46124J2015"/>
          <other otherDesc="Internal" value="46124J201"/>
        </identifiers>
        <balance>205515.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6040085.85000000</valUSD>
        <pctVal>0.135389357366</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mitsui Fudosan Logistics Park Inc.</name>
        <lei>353800DN63EIYS760S59</lei>
        <title>MITSUI FUDOSAN LOGISTICS PARK INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3048300002"/>
          <other otherDesc="Internal" value="BYZWTW3"/>
        </identifiers>
        <balance>7881.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>5882084.43000000</valUSD>
        <pctVal>0.131847733746</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Industrial &amp; Infrastructure Fund Investment Corporation</name>
        <lei>353800WCHFY04YKYCI19</lei>
        <title>INDUSTRIAL INFRASTRUCTURE FUND INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046500009"/>
          <other otherDesc="Internal" value="B24HH65"/>
        </identifiers>
        <balance>6189.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>5993682.13000000</valUSD>
        <pctVal>0.134349211582</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARENA REIT NO. 1</name>
        <lei>984500FEAC9A1C1FC967</lei>
        <title>ARENA REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000ARF6"/>
          <other otherDesc="Internal" value="B99K263"/>
        </identifiers>
        <balance>1023563.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43605900"/>
        <valUSD>2520608.61000000</valUSD>
        <pctVal>0.056499789631</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BRIXMOR PROPERTY GROUP INC.</name>
        <lei>5299007UXW6Y0W2EGZ95</lei>
        <title>BRIXMOR PROPERTY GROUP INC</title>
        <cusip>11120U105</cusip>
        <identifiers>
          <isin value="US11120U1051"/>
          <other otherDesc="Internal" value="11120U105"/>
        </identifiers>
        <balance>801441.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21470604.39000000</valUSD>
        <pctVal>0.481266558592</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Keppel DC REIT</name>
        <lei>254900L7YDIFLO15BD60</lei>
        <title>KEPPEL DC REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1AF6000009"/>
          <other otherDesc="Internal" value="BT9Q186"/>
        </identifiers>
        <balance>5119164.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27210000"/>
        <valUSD>9173046.75000000</valUSD>
        <pctVal>0.205615108032</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CapitaLand Ascendas REIT</name>
        <lei>549300ILIBAEMQZK3L20</lei>
        <title>ASCENDAS REAL ESTATE INVESTMENT TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1M77906915"/>
          <other otherDesc="Internal" value="6563875"/>
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        <balance>9810614.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27210000"/>
        <valUSD>21954763.63000000</valUSD>
        <pctVal>0.492119054731</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WAREHOUSES DE PAUW NV</name>
        <lei>549300HWDYC5JXC85138</lei>
        <title>WAREHOUSES DE PAUW CVA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0974349814"/>
          <other otherDesc="Internal" value="BK8VQD9"/>
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        <balance>483562.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363300"/>
        <valUSD>13702035.66000000</valUSD>
        <pctVal>0.307133019081</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EMLAK KONUT GAYRIMENKUL YATIRIM ORTAKLIGI ANONIM SIRKETI</name>
        <lei>N/A</lei>
        <title>EMLAK KONUT GAYRIMENKUL YATIRIM ORTAKLIGI AS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TREEGYO00017"/>
          <other otherDesc="Internal" value="B586565"/>
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        <balance>5077406.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="43.48700000"/>
        <valUSD>2985070.94000000</valUSD>
        <pctVal>0.066910776816</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HAMMERSON PLC</name>
        <lei>213800G1C9KKVVDN1A60</lei>
        <title>HAMMERSON PLC</title>
        <cusip>G4273Q206</cusip>
        <identifiers>
          <isin value="GB00BRJQ8J25"/>
          <other otherDesc="Internal" value="BRJQ8J2"/>
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        <balance>1338187.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73080700"/>
        <valUSD>6497792.70000000</valUSD>
        <pctVal>0.145648919535</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Activia Properties Inc.</name>
        <lei>353800RPGYN3ML8CXV54</lei>
        <title>ACTIVIA PROPERTIES INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3047490002"/>
          <other otherDesc="Internal" value="B8BSRY1"/>
        </identifiers>
        <balance>5455.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>5094607.19000000</valUSD>
        <pctVal>0.114196322803</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FEDERAL REALTY INVESTMENT TRUST</name>
        <lei>549300FHEI1SLVZ0RB48</lei>
        <title>FEDERAL REALTY INVESTMENT TRUST</title>
        <cusip>313745101</cusip>
        <identifiers>
          <isin value="US3137451015"/>
          <other otherDesc="Internal" value="313745101"/>
        </identifiers>
        <balance>224837.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22744510.92000000</valUSD>
        <pctVal>0.509821349157</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HOME REIT PLC</name>
        <lei>213800A53AOVH3FCGG44</lei>
        <title>HOME REIT PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BJP5HK17"/>
          <other otherDesc="Internal" value="BJP5HK1"/>
        </identifiers>
        <balance>1719812.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73080700"/>
        <valUSD>228035.28000000</valUSD>
        <pctVal>0.005111442251</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LIFE SCIENCE REIT PLC</name>
        <lei>213800RG7JNX7K8F7525</lei>
        <title>LIFE SCIENCE REIT PLC</title>
        <cusip>G72540100</cusip>
        <identifiers>
          <isin value="GB00BP5X4Q29"/>
          <other otherDesc="Internal" value="BP5X4Q2"/>
        </identifiers>
        <balance>756810.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73080700"/>
        <valUSD>425623.88000000</valUSD>
        <pctVal>0.009540417971</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DERWENT LONDON PLC</name>
        <lei>213800BXKQ9KZNUR1M61</lei>
        <title>DERWENT LONDON PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0002652740"/>
          <other otherDesc="Internal" value="0265274"/>
        </identifiers>
        <balance>279642.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73080700"/>
        <valUSD>7406774.62000000</valUSD>
        <pctVal>0.166023874637</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Granite Real Estate Investment Trust</name>
        <lei>549300A6I7CLE0ZC0396</lei>
        <title>GRANITE REAL ESTATE INVESTMENT TRUST</title>
        <cusip>387437205</cusip>
        <identifiers>
          <isin value="CA3874372053"/>
          <other otherDesc="Internal" value="BRYQ8P3"/>
        </identifiers>
        <balance>159046.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36165000"/>
        <valUSD>10261220.65000000</valUSD>
        <pctVal>0.230006676080</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ICADE SA</name>
        <lei>969500UDH342QLTE1M42</lei>
        <title>ICADE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000035081"/>
          <other otherDesc="Internal" value="4554406"/>
        </identifiers>
        <balance>120615.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363300"/>
        <valUSD>2978848.33000000</valUSD>
        <pctVal>0.066771296154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COUSINS PROPERTIES INCORPORATED</name>
        <lei>5493007XPYD5EJABN062</lei>
        <title>COUSINS PROPERTIES INC</title>
        <cusip>222795502</cusip>
        <identifiers>
          <isin value="US2227955026"/>
          <other otherDesc="Internal" value="222795502"/>
        </identifiers>
        <balance>440575.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11120113.00000000</valUSD>
        <pctVal>0.249258866562</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOCIAL HOUSING REIT PLC</name>
        <lei>213800BERVBS2HFTBC58</lei>
        <title>SOCIAL HOUSING REIT PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BF0P7H59"/>
          <other otherDesc="Internal" value="BF0P7H5"/>
        </identifiers>
        <balance>1020676.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73080700"/>
        <valUSD>1032118.69000000</valUSD>
        <pctVal>0.023135082784</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STONEWEG EUROPE STAPLED TRUST</name>
        <lei>21380093RFHTC319NL93</lei>
        <title>STONEWEG EUROPE STAPLED TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SGXC11267561"/>
          <other otherDesc="Internal" value="BVMDVL1"/>
        </identifiers>
        <balance>942000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363300"/>
        <valUSD>1775392.85000000</valUSD>
        <pctVal>0.039795675592</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EASTGROUP PROPERTIES, INC.</name>
        <lei>31TIGQQZC4P6JMHKSW85</lei>
        <title>EASTGROUP PROPERTIES INC</title>
        <cusip>277276101</cusip>
        <identifiers>
          <isin value="US2772761019"/>
          <other otherDesc="Internal" value="277276101"/>
        </identifiers>
        <balance>139807.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25394543.48000000</valUSD>
        <pctVal>0.569222194478</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STAG INDUSTRIAL, INC.</name>
        <lei>549300QWYX2W6FASVQ07</lei>
        <title>STAG INDUSTRIAL INC</title>
        <cusip>85254J102</cusip>
        <identifiers>
          <isin value="US85254J1025"/>
          <other otherDesc="Internal" value="85254J102"/>
        </identifiers>
        <balance>492179.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18461634.29000000</valUSD>
        <pctVal>0.413820078809</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nippon Prologis REIT, Inc.</name>
        <lei>353800PHBMSDLAFURY41</lei>
        <title>NIPPON PROLOGIS REIT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3047550003"/>
          <other otherDesc="Internal" value="B98BC67"/>
        </identifiers>
        <balance>18973.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>11071174.56000000</valUSD>
        <pctVal>0.248161904680</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gaming and Leisure Properties, Inc.</name>
        <lei>N/A</lei>
        <title>GAMING AND LEISURE PROPERTIES INC</title>
        <cusip>36467J108</cusip>
        <identifiers>
          <isin value="US36467J1088"/>
          <other otherDesc="Internal" value="36467J108"/>
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        <balance>715895.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32036301.25000000</valUSD>
        <pctVal>0.718098110913</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PHILLIPS EDISON &amp; COMPANY, INC.</name>
        <lei>549300JPN4YHYPXTJQ85</lei>
        <title>PHILLIPS EDISON CO INC</title>
        <cusip>71844V201</cusip>
        <identifiers>
          <isin value="US71844V2016"/>
          <other otherDesc="Internal" value="71844V201"/>
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        <balance>330346.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11968435.58000000</valUSD>
        <pctVal>0.268274134192</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AMERICAN ASSETS TRUST, INC.</name>
        <lei>N/A</lei>
        <title>AMERICAN ASSETS TRUST INC</title>
        <cusip>024013104</cusip>
        <identifiers>
          <isin value="US0240131047"/>
          <other otherDesc="Internal" value="024013104"/>
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        <balance>135918.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2454679.08000000</valUSD>
        <pctVal>0.055021970123</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SILA REALTY TRUST, INC.</name>
        <lei>549300HXH142HWKKSW59</lei>
        <title>SILA REALTY TRUST INC</title>
        <cusip>146280508</cusip>
        <identifiers>
          <isin value="US1462805086"/>
          <other otherDesc="Internal" value="146280508"/>
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        <balance>145317.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3538468.95000000</valUSD>
        <pctVal>0.079315269534</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KLEPIERRE SA</name>
        <lei>969500PB4U31KEFHZ621</lei>
        <title>KLEPIERRE SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000121964"/>
          <other otherDesc="Internal" value="7582556"/>
        </identifiers>
        <balance>546207.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363300"/>
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        <pctVal>0.471653465812</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SL GREEN REALTY CORP.</name>
        <lei>N/A</lei>
        <title>SL GREEN REALTY CORP</title>
        <cusip>78440X887</cusip>
        <identifiers>
          <isin value="US78440X8873"/>
          <other otherDesc="Internal" value="78440X887"/>
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        <balance>188365.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8434984.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COFINIMMO SA</name>
        <lei>549300TM914CSF6KI389</lei>
        <title>COFINIMMO SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0003593044"/>
          <other otherDesc="Internal" value="4177988"/>
        </identifiers>
        <balance>100543.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363300"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UNIBAIL-RODAMCO-WESTFIELD SE</name>
        <lei>969500SHQITWXSIS7N89</lei>
        <title>UNIBAIL RODAMCO WESTFIELD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0013326246"/>
          <other otherDesc="Internal" value="BF2PQ09"/>
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        <balance>320727.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363300"/>
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        <pctVal>0.794866638153</pctVal>
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        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STRIDE PROPERTY LIMITED</name>
        <lei>984500E6F106N9B40626</lei>
        <title>STRIDE PROPERTY GROUP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NZSPGE0001S2"/>
          <other otherDesc="Internal" value="BD6K242"/>
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        <balance>1268297.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.66085400"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BRITISH LAND COMPANY PUBLIC LIMITED COMPANY(THE)</name>
        <lei>RV5B68J2GV3QGMRPW209</lei>
        <title>BRITISH LAND CO PLC THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0001367019"/>
          <other otherDesc="Internal" value="0136701"/>
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        <balance>2546210.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73080700"/>
        <valUSD>14523398.07000000</valUSD>
        <pctVal>0.325543970782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MIRVAC GROUP</name>
        <lei>N/A</lei>
        <title>MIRVAC GROUP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000MGR9"/>
          <other otherDesc="Internal" value="6161978"/>
        </identifiers>
        <balance>10385364.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43605900"/>
        <valUSD>14422841.05000000</valUSD>
        <pctVal>0.323289971310</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Shinhan Alpha REIT Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SHINHAN ALPHA REIT CO LTD</title>
        <cusip>Y7T4AZ118</cusip>
        <identifiers>
          <isin value="KR7293940003"/>
          <other otherDesc="Internal" value="BG0WBV5"/>
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        <balance>304245.00000000</balance>
        <units>NS</units>
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        <valUSD>1228365.22000000</valUSD>
        <pctVal>0.027533975820</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MORI HILLS REIT INVESTMENT CORPORATION</name>
        <lei>N/A</lei>
        <title>MORI HILLS REIT INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046470005"/>
          <other otherDesc="Internal" value="B1GF9P3"/>
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        <balance>3710.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>REALTY INCOME CORPORATION</name>
        <lei>549300CUWDAUZSH43859</lei>
        <title>REALTY INCOME CORP</title>
        <cusip>756109104</cusip>
        <identifiers>
          <isin value="US7561091049"/>
          <other otherDesc="Internal" value="756109104"/>
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        <balance>2414459.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>147668312.44000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MORI TRUST REIT, Inc.</name>
        <lei>N/A</lei>
        <title>MORI TRUST REIT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046170001"/>
          <other otherDesc="Internal" value="6729558"/>
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        <balance>6194.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DIGITAL REALTY TRUST, INC.</name>
        <lei>549300HKCZ31D08NEI41</lei>
        <title>DIGITAL REALTY TRUST INC</title>
        <cusip>253868103</cusip>
        <identifiers>
          <isin value="US2538681030"/>
          <other otherDesc="Internal" value="253868103"/>
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        <balance>907231.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ARGAN SA</name>
        <lei>529900FXM41XSCUSGH04</lei>
        <title>ARGAN SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0010481960"/>
          <other otherDesc="Internal" value="B1YKDN6"/>
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        <balance>43201.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84363300"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAUDI ARABIAN RIYAL</name>
        <lei>54930023WJCWPAGSWE41</lei>
        <title>SAUDI ARABIAN RYAL</title>
        <cusip>80349A208</cusip>
        <identifiers>
          <isin value="US80349A2087"/>
          <other otherDesc="Internal" value="SAR"/>
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        <balance>-40807.65000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.75070000"/>
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        <payoffProfile>N/A</payoffProfile>
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        <issuerConditional desc="currency" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KILROY REALTY CORPORATION</name>
        <lei>549300CXXI18B214UN80</lei>
        <title>KILROY REALTY CORP</title>
        <cusip>49427F108</cusip>
        <identifiers>
          <isin value="US49427F1084"/>
          <other otherDesc="Internal" value="49427F108"/>
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        <balance>309783.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10681317.84000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BlackRock Funds III: BlackRock Cash Funds: Treasury; SL Agency Shares</name>
        <lei>N/A</lei>
        <title>BLACKROCK CASH FUNDS TREASURY</title>
        <cusip>066922477</cusip>
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          <isin value="US0669224778"/>
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        <balance>12057209.24000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VICI PROPERTIES INC.</name>
        <lei>254900RKH6RY9KCJQH63</lei>
        <title>VICI PROPERTIES INC</title>
        <cusip>925652109</cusip>
        <identifiers>
          <isin value="US9256521090"/>
          <other otherDesc="Internal" value="925652109"/>
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        <balance>2816613.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>79090493.04000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SEGRO PUBLIC LIMITED COMPANY</name>
        <lei>213800XC35KGM9NFC641</lei>
        <title>SEGRO PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B5ZN1N88"/>
          <other otherDesc="Internal" value="B5ZN1N8"/>
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        <balance>3554802.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.73080700"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BROADSTONE NET LEASE, INC.</name>
        <lei>549300U8D7PT70B49V21</lei>
        <title>BROADSTONE NET LEASE INC</title>
        <cusip>11135E203</cusip>
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          <isin value="US11135E2037"/>
          <other otherDesc="Internal" value="11135E203"/>
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        <balance>497295.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9204930.45000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PARK HOTELS &amp; RESORTS INC.</name>
        <lei>5493005UZ5TQN0H6HS73</lei>
        <title>PARK HOTELS RESORTS INC</title>
        <cusip>700517105</cusip>
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          <isin value="US7005171050"/>
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        <balance>519270.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Macquarie Mexico Real Estate Management SA de CV</name>
        <lei>4469000001BRQKG5JK62</lei>
        <title>MACQUARIE MEXICO REAL ESTATE MANAGEMENT SA DE CV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MXCFFI0U0002"/>
          <other otherDesc="Internal" value="B80RZK1"/>
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        <balance>2109487.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EQUINIX, INC.</name>
        <lei>549300EVUN2BTLJ3GT74</lei>
        <title>EQUINIX INC</title>
        <cusip>29444U700</cusip>
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          <isin value="US29444U7000"/>
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        <balance>257692.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Japan Logistics Fund, Inc.</name>
        <lei>3538004KZWISCQO70151</lei>
        <title>JAPAN LOGISTICS FUND INC</title>
        <cusip>N/A</cusip>
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          <isin value="JP3046230003"/>
          <other otherDesc="Internal" value="B07NL19"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SK REIT Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SK REITS CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="KR7395400005"/>
          <other otherDesc="Internal" value="BMYH2M6"/>
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        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>VITAL HEALTHCARE PROPERTY TRUST</name>
        <lei>529900GJVR4RTMBL6Z40</lei>
        <title>VITAL HEALTHCARE PROPERTY TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NZCHPE0001S4"/>
          <other otherDesc="Internal" value="6173843"/>
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        <invCountry>NZ</invCountry>
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        <name>NATIONAL STORAGE AFFILIATES TRUST</name>
        <lei>529900FS06O8GOYNR108</lei>
        <title>NATIONAL STORAGE AFFILIATES TRUST</title>
        <cusip>637870106</cusip>
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          <isin value="US6378701063"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Daiwa Office Investment Corporation</name>
        <lei>N/A</lei>
        <title>DAIWA OFFICE INVESTMENT CORP</title>
        <cusip>N/A</cusip>
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          <isin value="JP3046310003"/>
          <other otherDesc="Internal" value="B0LNTF5"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SEDCO Capital REIT Fund</name>
        <lei>N/A</lei>
        <title>SEDCO CAPITAL REIT FUND</title>
        <cusip>N/A</cusip>
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          <isin value="SA14GG523S58"/>
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        <issuerCat>RF</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Star Asia Investment Corporation</name>
        <lei>N/A</lei>
        <title>STAR ASIA INVESTMENT CORP</title>
        <cusip>N/A</cusip>
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          <isin value="JP3048200004"/>
          <other otherDesc="Internal" value="BYYJ8J5"/>
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        <balance>6404.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Suntec Real Estate Investment Trust</name>
        <lei>549300C46QFXSI2F4K13</lei>
        <title>SUNTEC REAL ESTATE INVESTMENT TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1Q52922370"/>
          <other otherDesc="Internal" value="B04PZ72"/>
        </identifiers>
        <balance>5514200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27210000"/>
        <valUSD>6228929.09000000</valUSD>
        <pctVal>0.139622304636</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMERICAN HOMES 4 RENT</name>
        <lei>549300ZJUO7A58PNUW40</lei>
        <title>AMERICAN HOMES 4 RENT</title>
        <cusip>02665T306</cusip>
        <identifiers>
          <isin value="US02665T3068"/>
          <other otherDesc="Internal" value="02665T306"/>
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        <balance>901401.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>28231879.32000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BRAZILIAN REAL</name>
        <lei>N/A</lei>
        <title>BRAZIALIAN REAL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="Internal" value="BRL"/>
        </identifiers>
        <balance>2234079.19000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.26275000"/>
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        <pctVal>0.009515404246</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetConditional assetCat="OTHER" desc="currency"/>
        <issuerConditional desc="currency" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Japan Excellent, Inc.</name>
        <lei>35380015J62221TE0D86</lei>
        <title>JAPAN EXCELLENT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046420000"/>
          <other otherDesc="Internal" value="B15T1R2"/>
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        <balance>2935.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
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        <pctVal>0.063594915326</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Axis Real Estate Investment Trust</name>
        <lei>N/A</lei>
        <title>AXIS REAL ESTATE INVESTMENT TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL5106TO008"/>
          <other otherDesc="Internal" value="B0CMCL8"/>
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        <balance>4613600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="3.94200000"/>
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        <pctVal>0.052912104919</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Primaris Real Estate Investment Trust</name>
        <lei>549300WUM45OXSEVOT03</lei>
        <title>PRIMARIS REAL ESTATE INVESTMENT TRUST</title>
        <cusip>74167K109</cusip>
        <identifiers>
          <isin value="CA74167K1093"/>
          <other otherDesc="Internal" value="BPCK370"/>
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        <balance>308898.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36165000"/>
        <valUSD>3754461.06000000</valUSD>
        <pctVal>0.084156762469</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Concentradora Fibra Danhos, S.A. de C.V.</name>
        <lei>N/A</lei>
        <title>CONCENTRADORA FIBRA DANHOS SA DE CV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MXCFDA020005"/>
          <other otherDesc="Internal" value="BFN0V08"/>
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        <balance>2344859.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="17.47600000"/>
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        <pctVal>0.081896200517</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>RESIDENTIAL SECURE INCOME PLC</name>
        <lei>213800D24WA531LAR763</lei>
        <title>RESIDENTIAL SECURE INCOME PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BYSX1508"/>
          <other otherDesc="Internal" value="BYSX150"/>
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        <balance>517648.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GREAT BRITISH POUND</name>
        <lei>N/A</lei>
        <title>GREAT BRITISH POUND</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="Internal" value="GBP"/>
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        <balance>737283.77000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.73080700"/>
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        <pctVal>0.022613791854</pctVal>
        <payoffProfile>N/A</payoffProfile>
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        <issuerConditional desc="currency" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HIGHWOODS PROPERTIES, INC.</name>
        <lei>N/A</lei>
        <title>HIGHWOODS PROPERTIES INC</title>
        <cusip>431284108</cusip>
        <identifiers>
          <isin value="US4312841087"/>
          <other otherDesc="Internal" value="431284108"/>
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        <balance>285997.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7393022.45000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>REGENCY CENTERS CORPORATION</name>
        <lei>529900053A7X7FJ97S58</lei>
        <title>REGENCY CENTERS COPORATION</title>
        <cusip>758849103</cusip>
        <identifiers>
          <isin value="US7588491032"/>
          <other otherDesc="Internal" value="758849103"/>
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        <balance>476128.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>34695447.36000000</valUSD>
        <pctVal>0.777703237714</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KIMCO REALTY CORPORATION.</name>
        <lei>254900ARY41P4V1JL861</lei>
        <title>KIMCO REALTY CORP</title>
        <cusip>49446R109</cusip>
        <identifiers>
          <isin value="US49446R1095"/>
          <other otherDesc="Internal" value="49446R109"/>
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        <balance>1760545.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>37112288.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MID-AMERICA APARTMENT COMMUNITIES, INC.</name>
        <lei>549300FQZKFR5YNSHZ21</lei>
        <title>MID AMERICA APARTMENT COMMUNITIES INC</title>
        <cusip>59522J103</cusip>
        <identifiers>
          <isin value="US59522J1034"/>
          <other otherDesc="Internal" value="59522J103"/>
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        <balance>306327.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>41139716.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PRIMARY HEALTH PROPERTIES PLC</name>
        <lei>213800Y5CJHXOATK7X11</lei>
        <title>PRIMARY HEALTH PROPERTIES PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BYRJ5J14"/>
          <other otherDesc="Internal" value="BYRJ5J1"/>
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        <balance>6592009.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.73080700"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LXP INDUSTRIAL TRUST</name>
        <lei>549300S4MH2ICXDBFV43</lei>
        <title>LXP INDUSTRIAL TRUST</title>
        <cusip>529043408</cusip>
        <identifiers>
          <isin value="US5290434084"/>
          <other otherDesc="Internal" value="529043408"/>
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        <balance>152230.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Derayah REIT Fund</name>
        <lei>N/A</lei>
        <title>DERAYAH REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA14E0523PL6"/>
          <other otherDesc="Internal" value="BFYN1M8"/>
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        <balance>248967.00000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.75070000"/>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>RF</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>INNOVATIVE INDUSTRIAL PROPERTIES, INC.</name>
        <lei>N/A</lei>
        <title>INNOVATIVE INDUSTRIAL PROPERTIES INC</title>
        <cusip>45781V101</cusip>
        <identifiers>
          <isin value="US45781V1017"/>
          <other otherDesc="Internal" value="45781V101"/>
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        <balance>73771.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3564614.72000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lendlease Global Commercial REIT</name>
        <lei>2549002B9UHG224VCA80</lei>
        <title>LENDLEASE GLOBAL COMMERCIAL REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SGXC61949712"/>
          <other otherDesc="Internal" value="BKBPXB5"/>
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        <balance>4545691.00000000</balance>
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        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>EXTRA SPACE STORAGE INC.</name>
        <lei>N/A</lei>
        <title>EXTRA SPACE STORAGE INC</title>
        <cusip>30225T102</cusip>
        <identifiers>
          <isin value="US30225T1025"/>
          <other otherDesc="Internal" value="30225T102"/>
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        <balance>555479.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>76639437.63000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BXP, INC.</name>
        <lei>549300OF70FSEUQBT254</lei>
        <title>BXP INC</title>
        <cusip>101121101</cusip>
        <identifiers>
          <isin value="US1011211018"/>
          <other otherDesc="Internal" value="101121101"/>
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        <balance>417905.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>27025916.35000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NIPPON REIT Investment Corporation</name>
        <lei>3538004O49OJ90PEXX85</lei>
        <title>NIPPON REIT INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3047750009"/>
          <other otherDesc="Internal" value="BLC7414"/>
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        <balance>4207.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Musharaka REIT</name>
        <lei>N/A</lei>
        <title>MUSHARAKA REAL ESTATE INCOME FUND</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA14BG523NL8"/>
          <other otherDesc="Internal" value="BDZZT25"/>
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        <balance>231020.00000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.75070000"/>
        <valUSD>263621.62000000</valUSD>
        <pctVal>0.005909114970</pctVal>
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        <issuerCat>RF</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CRE Logistics REIT, Inc.</name>
        <lei>N/A</lei>
        <title>CRE LOGISTICS REIT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3048680007"/>
          <other otherDesc="Internal" value="BFXZ9X2"/>
        </identifiers>
        <balance>1458.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>1570631.23000000</valUSD>
        <pctVal>0.035205915639</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Al Rajhi REIT Fund</name>
        <lei>N/A</lei>
        <title>AL RAJHI REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA14GG523Q50"/>
          <other otherDesc="Internal" value="BF0Q284"/>
        </identifiers>
        <balance>695718.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75070000"/>
        <valUSD>1489486.11000000</valUSD>
        <pctVal>0.033387036583</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>XIOR STUDENT HOUSING NV</name>
        <lei>549300JK7HFOCP0U8K85</lei>
        <title>XIOR STUDENT HOUSING NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0974288202"/>
          <other otherDesc="Internal" value="BZ1NNF8"/>
        </identifiers>
        <balance>101961.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363300"/>
        <valUSD>3393351.23000000</valUSD>
        <pctVal>0.076062435825</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JAPANESE YEN</name>
        <lei>N/A</lei>
        <title>JAPANESE YEN</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="Internal" value="JPY"/>
        </identifiers>
        <balance>17496976.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>113058.77000000</valUSD>
        <pctVal>0.002534227922</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetConditional assetCat="OTHER" desc="currency"/>
        <issuerConditional desc="currency" issuerCat="OTHER"/>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hankyu Hanshin REIT, Inc.</name>
        <lei>N/A</lei>
        <title>HANKYU HANSHIN REIT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046320002"/>
          <other otherDesc="Internal" value="B0LLJ37"/>
        </identifiers>
        <balance>1718.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>1821312.28000000</valUSD>
        <pctVal>0.040824965948</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CENTERSPACE</name>
        <lei>N/A</lei>
        <title>CENTERSPACE</title>
        <cusip>15202L107</cusip>
        <identifiers>
          <isin value="US15202L1070"/>
          <other otherDesc="Internal" value="15202L107"/>
        </identifiers>
        <balance>44866.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2883537.82000000</valUSD>
        <pctVal>0.064634897928</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KDX Realty Investment Corporation</name>
        <lei>353800FFT483NCIHFY42</lei>
        <title>KDX REALTY INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046270009"/>
          <other otherDesc="Internal" value="B0C5Q59"/>
        </identifiers>
        <balance>9775.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>10574949.03000000</valUSD>
        <pctVal>0.237038940987</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>


      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>



    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-03-02</ncom:dateSigned>
      <ncom:nameOfApplicant>iShares Trust </ncom:nameOfApplicant>
      <ncom:signature>Chuck Pulsfort </ncom:signature>
      <ncom:signerName>Chuck Pulsfort </ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
