The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
3M CO COM 88579Y101 5,909 28,152 SH   SOLE none 28,152 0 0
ABBVIE INC COM 00287Y109 5,976 67,256 SH   SOLE none 67,256 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 4,756 39,980 SH   SOLE none 39,980 0 0
AT&T INC COM 00206R102 4,060 103,641 SH   SOLE none 103,641 0 0
BANK NEW YORK MELLON CORP COM 064058100 4,833 91,150 SH   SOLE none 91,150 0 0
BLACKROCK INC COM 09247X101 4,241 9,485 SH   SOLE none 9,485 0 0
CHEVRON CORP NEW COM 166764100 5,139 43,738 SH   SOLE none 43,738 0 0
CISCO SYS INC COM 17275R102 4,698 139,726 SH   SOLE none 139,726 0 0
CVS HEALTH CORP COM 126650100 4,397 54,075 SH   SOLE none 54,075 0 0
ESSEX PPTY TR INC COM 297178105 3,814 15,015 SH   SOLE none 15,015 0 0
EXXON MOBIL CORP COM 30231G102 3,661 44,657 SH   SOLE none 44,657 0 0
GENERAL ELECTRIC CO COM 369604103 4,046 167,330 SH   SOLE none 167,330 0 0
HIGHWOODS PPTYS INC COM 431284108 4,197 80,575 SH   SOLE none 80,575 0 0
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 3,390 119,005 SH   SOLE none 119,005 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 3,947 27,206 SH   SOLE none 27,206 0 0
JPMORGAN CHASE & CO COM 46625H100 5,946 62,255 SH   SOLE none 62,255 0 0
JOHNSON & JOHNSON COM 478160104 6,290 48,380 SH   SOLE none 48,380 0 0
LIBERTY PPTY TR SH BEN INT 531172104 4,321 105,240 SH   SOLE none 105,240 0 0
MERCK & CO INC COM 58933Y105 4,559 71,195 SH   SOLE none 71,195 0 0
MICROSOFT CORP COM 594918104 6,794 91,213 SH   SOLE none 91,213 0 0
NOVARTIS A G SPONSORED ADR 66987V109 4,438 51,698 SH   SOLE none 51,698 0 0
PEPSICO INC COM 713448108 4,295 38,540 SH   SOLE none 38,540 0 0
PFIZER INC COM 717081103 5,666 158,699 SH   SOLE none 158,699 0 0
PROCTER AND GAMBLE CO COM 742718109 4,574 50,277 SH   SOLE none 50,277 0 0
PROLOGIS INC COM 74340W103 5,173 81,530 SH   SOLE none 81,530 0 0
PRUDENTIAL FINL INC COM 744320102 5,263 49,500 SH   SOLE none 49,500 0 0
PUBLIC STORAGE COM 74460D109 3,545 16,568 SH   SOLE none 16,568 0 0
QUALCOMM INC COM 747525103 4,365 84,200 SH   SOLE none 84,200 0 0
SIMON PPTY GROUP INC NEW COM 828806109 3,211 19,940 SH   SOLE none 19,940 0 0
TOTAL S A SPONSORED ADR 89151E109 2,838 53,035 SH   SOLE none 53,035 0 0
TRAVELERS COMPANIES INC COM 89417E109 4,714 38,475 SH   SOLE none 38,475 0 0
UNION PAC CORP COM 907818108 4,255 36,693 SH   SOLE none 36,693 0 0
UNITED TECHNOLOGIES CORP COM 913017109 4,704 40,525 SH   SOLE none 40,525 0 0
WELLTOWER INC COM 95040Q104 4,253 60,518 SH   SOLE none 60,518 0 0