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

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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
EQUITY COMWLTH COM SH BEN INT 294628102   67,929,391 3,501,515 SH   DFND   3,501,515 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108   70,691,841 1,085,396 SH   DFND   1,085,396 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108   104,902,677 1,610,666 SH   DFND 4 1,610,666 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107   83,950,354 1,210,706 SH   DFND   1,210,706 0 0
INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT 46137V357   66,710,385 1,819,705 SH   DFND   1,819,705 0 0
ISHARES INC CORE MSCI EMKT 46434G103   30,588,059 571,419 SH   DFND   571,419 0 0
PAR PAC HOLDINGS INC COM NEW 69888T207   28,182,611 1,116,143 SH   DFND   1,116,143 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769   6,219,072 23,248 SH   DFND   23,248 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769   131,460,299 491,422 SH   DFND 4 491,422 0 0
VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT 921943858   36,047,245 729,406 SH   DFND   729,406 0 0
VANGUARD WORLD FD FINANCIALS ETF 92204A405   6,777,058 67,852 SH   DFND   67,852 0 0
VANGUARD WORLD FD HEALTH CAR ETF 92204A504   15,781,248 59,328 SH   DFND   59,328 0 0