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 COMMON STOCK 88579Y101 3,828 21,700 SH   SOLE 0 0 0 21,700
A SITE CENTER REIT COMMON STOCK 23317H854 343 24,500 SH   SOLE 0 0 0 24,500
ABBVIE INC COMMON STOCK 00287Y109 4,967 56,100 SH   SOLE 0 0 0 56,100
AFLAC INC COMMON STOCK 001055102 3,010 56,900 SH   SOLE 0 0 0 56,900
AGNC INVESTMENT CORP COMMON STOCK 00123Q104 2,254 127,500 SH   SOLE 0 0 0 127,500
ALEXANDRIA REAL ESTATE EQUIT COMMON STOCK 015271109 2,731 16,900 SH   SOLE 0 0 0 16,900
ALLEGHANY CORP COMMON STOCK 017175100 2,639 3,300 SH   SOLE 0 0 0 3,300
ALLSTATE CORP COMMON STOCK 020002101 3,261 29,000 SH   SOLE 0 0 0 29,000
AMERICAN CAMPUS COMMUNITIES COMMON STOCK 024835100 2,822 60,000 SH   SOLE 0 0 0 60,000
AMERICAN FINANCIAL GROUP INC COMMON STOCK 025932104 2,412 22,000 SH   SOLE 0 0 0 22,000
AMERICAN HOMES 4 RENT- A COMMON STOCK 02665T306 2,411 92,000 SH   SOLE 0 0 0 92,000
AMERIPRISE FINANCIAL INC COMMON STOCK 03076C106 2,765 16,600 SH   SOLE 0 0 0 16,600
AMGEN INC COMMON STOCK 031162100 5,352 22,200 SH   SOLE 0 0 0 22,200
ANNALY CAPITAL MANAGEMENT IN COMMON STOCK 035710409 2,355 250,000 SH   SOLE 0 0 0 250,000
ANTHEM INC COMMON STOCK 036752103 3,451 11,425 SH   SOLE 0 0 0 11,425
APARTMENT INVT and MGMT CO -A COMMON STOCK 03748R754 2,661 51,525 SH   SOLE 0 0 0 51,525
APPLE HOSPITALITY REIT INC COMMON STOCK 03784Y200 488 30,000 SH   SOLE 0 0 0 30,000
APPLE INC COMMON STOCK 037833100 15,864 54,025 SH   SOLE 0 0 0 54,025
ARMADA HOFFLER PROPERTIES IN COMMON STOCK 04208T108 618 33,700 SH   SOLE 0 0 0 33,700
ATandT INC COMMON STOCK 00206R102 7,034 180,000 SH   SOLE 0 0 0 180,000
AUTOMATIC DATA PROCESSING COMMON STOCK 053015103 3,717 21,800 SH   SOLE 0 0 0 21,800
AUTOZONE INC COMMON STOCK 053332102 2,859 2,400 SH   SOLE 0 0 0 2,400
AVALONBAY COMMUNITIES INC COMMON STOCK 053484101 4,806 22,920 SH   SOLE 0 0 0 22,920
AVERY DENNISON CORP COMMON STOCK 053611109 2,852 21,800 SH   SOLE 0 0 0 21,800
BAXTER INTERNATIONAL INC COMMON STOCK 071813109 3,010 36,000 SH   SOLE 0 0 0 36,000
BEST BUY CO INC COMMON STOCK 086516101 2,871 32,700 SH   SOLE 0 0 0 32,700
BIOGEN INC COMMON STOCK 09062X103 3,323 11,200 SH   SOLE 0 0 0 11,200
BLACKROCK INC COMMON STOCK 09247X101 3,569 7,100 SH   SOLE 0 0 0 7,100
BOOKING HOLDINGS INC COMMON STOCK 741503403 3,902 1,900 SH   SOLE 0 0 0 1,900
BOSTON PROPERTIES INC COMMON STOCK 101121101 2,263 16,417 SH   SOLE 0 0 0 16,417
BRANDYWINE REALTY TRUST COMMON STOCK 105368203 2,857 181,400 SH   SOLE 0 0 0 181,400
BRISTOL-MYERS SQUIBB CO COMMON STOCK 110122108 5,264 82,000 SH   SOLE 0 0 0 82,000
BRISTOL-MYERS SQUIBB-CVR COMMON STOCK 110122157 99 33,000 SH   SOLE 0 0 0 33,000
BRIXMOR PROPERTY GROUP INC COMMON STOCK 11120U105 2,399 111,000 SH   SOLE 0 0 0 111,000
BROADRIDGE FINANCIAL SOLUTIO COMMON STOCK 11133T103 2,706 21,900 SH   SOLE 0 0 0 21,900
CAMDEN PROPERTY TRUST COMMON STOCK 133131102 3,222 30,369 SH   SOLE 0 0 0 30,369
CBL and ASSOCIATES PROPERTIES COMMON STOCK 124830100 96 91,000 SH   SOLE 0 0 0 91,000
CDW CORP/DE COMMON STOCK 12514G108 2,943 20,600 SH   SOLE 0 0 0 20,600
CELANESE CORP-SERIES A COMMON STOCK 150870103 2,832 23,000 SH   SOLE 0 0 0 23,000
CENTERPOINT ENERGY INC COMMON STOCK 15189T107 2,563 94,000 SH   SOLE 0 0 0 94,000
CERNER CORP COMMON STOCK 156782104 2,495 34,000 SH   SOLE 0 0 0 34,000
CHATHAM LODGING TRUST COMMON STOCK 16208T102 477 26,000 SH   SOLE 0 0 0 26,000
CHURCH and DWIGHT CO INC COMMON STOCK 171340102 2,321 33,000 SH   SOLE 0 0 0 33,000
CINTAS CORP COMMON STOCK 172908105 2,852 10,600 SH   SOLE 0 0 0 10,600
CISCO SYSTEMS INC COMMON STOCK 17275R102 5,635 117,500 SH   SOLE 0 0 0 117,500
CITRIX SYSTEMS INC COMMON STOCK 177376100 2,440 22,000 SH   SOLE 0 0 0 22,000
CLOROX COMPANY COMMON STOCK 189054109 2,380 15,500 SH   SOLE 0 0 0 15,500
COGNIZANT TECH SOLUTIONS-A COMMON STOCK 192446102 2,853 46,000 SH   SOLE 0 0 0 46,000
COLGATE-PALMOLIVE CO COMMON STOCK 194162103 3,098 45,000 SH   SOLE 0 0 0 45,000
COLUMBIA PROPERTY TRUST INC COMMON STOCK 198287203 1,798 86,000 SH   SOLE 0 0 0 86,000
CORPORATE OFFICE PROPERTIES COMMON STOCK 22002T108 1,087 37,000 SH   SOLE 0 0 0 37,000
COUSINS PROPERTIES INC COMMON STOCK 222795502 3,542 85,977 SH   SOLE 0 0 0 85,977
CUBESMART COMMON STOCK 229663109 1,826 58,000 SH   SOLE 0 0 0 58,000
CYRUSONE INC COMMON STOCK 23283R100 2,519 38,500 SH   SOLE 0 0 0 38,500
Colony Capital Inc COMMON STOCK 19625W104 1,630 343,163 SH   SOLE 0 0 0 343,163
DARDEN RESTAURANTS INC COMMON STOCK 237194105 2,257 20,700 SH   SOLE 0 0 0 20,700
DIAMONDROCK HOSPITALITY CO COMMON STOCK 252784301 421 38,000 SH   SOLE 0 0 0 38,000
DIGITAL REALTY TRUST INC COMMON STOCK 253868103 4,496 37,550 SH   SOLE 0 0 0 37,550
DOLLAR GENERAL CORP COMMON STOCK 256677105 3,432 22,000 SH   SOLE 0 0 0 22,000
DOMINION ENERGY INC COMMON STOCK 25746U109 3,429 41,400 SH   SOLE 0 0 0 41,400
DOUGLAS EMMETT INC COMMON STOCK 25960P109 439 10,000 SH   SOLE 0 0 0 10,000
DUKE REALTY CORP COMMON STOCK 264411505 1,318 38,024 SH   SOLE 0 0 0 38,024
EBAY INC COMMON STOCK 278642103 2,564 71,000 SH   SOLE 0 0 0 71,000
ELI LILLY and CO COMMON STOCK 532457108 4,206 32,000 SH   SOLE 0 0 0 32,000
EMERSON ELECTRIC CO COMMON STOCK 291011104 3,066 40,200 SH   SOLE 0 0 0 40,200
EMPIRE STATE REALTY TRUST-A COMMON STOCK 292104106 991 71,000 SH   SOLE 0 0 0 71,000
EPR PROPERTIES COMMON STOCK 26884U109 2,776 39,300 SH   SOLE 0 0 0 39,300
EQUINIX INC COMMON STOCK 29444U700 2,627 4,500 SH   SOLE 0 0 0 4,500
EQUITY RESIDENTIAL COMMON STOCK 29476L107 4,334 53,556 SH   SOLE 0 0 0 53,556
ESSEX PROPERTY TRUST INC COMMON STOCK 297178105 2,648 8,800 SH   SOLE 0 0 0 8,800
EXELON CORP COMMON STOCK 30161N101 2,963 65,000 SH   SOLE 0 0 0 65,000
EXPEDITORS INTL WASH INC COMMON STOCK 302130109 2,450 31,400 SH   SOLE 0 0 0 31,400
EXXON MOBIL CORP COMMON STOCK 30231G102 7,062 101,200 SH   SOLE 0 0 0 101,200
F5 NETWORKS INC COMMON STOCK 315616102 2,193 15,700 SH   SOLE 0 0 0 15,700
FACEBOOK INC-A COMMON STOCK 30303M102 11,084 54,000 SH   SOLE 0 0 0 54,000
FIRSTENERGY CORP COMMON STOCK 337932107 2,916 60,000 SH   SOLE 0 0 0 60,000
FISERV INC COMMON STOCK 337738108 3,469 30,000 SH   SOLE 0 0 0 30,000
FOUR CORNERS PROPERTY TRUST COMMON STOCK 35086T109 423 15,000 SH   SOLE 0 0 0 15,000
FRANKLIN STREET PROPERTIES C COMMON STOCK 35471R106 385 45,000 SH   SOLE 0 0 0 45,000
GAMING AND LEISURE PROPERTIE COMMON STOCK 36467J108 3,229 75,000 SH   SOLE 0 0 0 75,000
GENERAL MILLS INC COMMON STOCK 370334104 2,839 53,000 SH   SOLE 0 0 0 53,000
GLOBAL NET LEASE INC COMMON STOCK 379378201 1,692 83,408 SH   SOLE 0 0 0 83,408
GLOBE LIFE INC COMMON STOCK 37959E102 2,758 26,200 SH   SOLE 0 0 0 26,200
HARTFORD FINANCIAL SVCS GRP COMMON STOCK 416515104 2,674 44,000 SH   SOLE 0 0 0 44,000
HCP INC COMMON STOCK 42250P103 3,674 106,593 SH   SOLE 0 0 0 106,593
HEALTHCARE REALTY TRUST INC COMMON STOCK 421946104 356 10,682 SH   SOLE 0 0 0 10,682
HEALTHCARE TRUST OF AME-CL A COMMON STOCK 42225P501 2,574 85,000 SH   SOLE 0 0 0 85,000
HERSHA HOSPITALITY TRUST COMMON STOCK 427825500 291 20,000 SH   SOLE 0 0 0 20,000
HERSHEY CO/THE COMMON STOCK 427866108 2,910 19,800 SH   SOLE 0 0 0 19,800
HIGHWOODS PROPERTIES INC COMMON STOCK 431284108 1,947 39,802 SH   SOLE 0 0 0 39,802
HILTON WORLDWIDE HOLDINGS IN COMMON STOCK 43300A203 2,995 27,000 SH   SOLE 0 0 0 27,000
HOME DEPOT INC COMMON STOCK 437076102 6,486 29,700 SH   SOLE 0 0 0 29,700
HOST HOTELS and RESORTS INC COMMON STOCK 44107P104 3,413 183,998 SH   SOLE 0 0 0 183,998
HP INC COMMON STOCK 40434L105 2,877 140,000 SH   SOLE 0 0 0 140,000
HUDSON PACIFIC PROPERTIES IN COMMON STOCK 444097109 2,278 60,500 SH   SOLE 0 0 0 60,500
HUMANA INC COMMON STOCK 444859102 3,702 10,100 SH   SOLE 0 0 0 10,100
IDEX CORP COMMON STOCK 45167R104 2,718 15,800 SH   SOLE 0 0 0 15,800
IDEXX LABORATORIES INC COMMON STOCK 45168D104 2,481 9,500 SH   SOLE 0 0 0 9,500
ILLINOIS TOOL WORKS COMMON STOCK 452308109 3,611 20,100 SH   SOLE 0 0 0 20,100
INDUSTRIAL LOGISTICS PROPERT COMMON STOCK 456237106 3,126 139,415 SH   SOLE 0 0 0 139,415
INGERSOLL-RAND PLC COMMON STOCK 000000000 2,924 22,000 SH   SOLE 0 0 0 22,000
INTL BUSINESS MACHINES CORP COMMON STOCK 459200101 3,927 29,300 SH   SOLE 0 0 0 29,300
INTUIT INC COMMON STOCK 461202103 3,333 12,725 SH   SOLE 0 0 0 12,725
INVITATION HOMES INC COMMON STOCK 46187W107 774 25,824 SH   SOLE 0 0 0 25,824
IRON MOUNTAIN INC COMMON STOCK 46284V101 2,852 89,500 SH   SOLE 0 0 0 89,500
KENNEDY-WILSON HOLDINGS INC COMMON STOCK 489398107 760 34,081 SH   SOLE 0 0 0 34,081
KILROY REALTY CORP COMMON STOCK 49427F108 1,510 18,000 SH   SOLE 0 0 0 18,000
KIMBERLY-CLARK CORP COMMON STOCK 494368103 3,439 25,000 SH   SOLE 0 0 0 25,000
KIMCO REALTY CORP COMMON STOCK 49446R109 844 40,731 SH   SOLE 0 0 0 40,731
KITE REALTY GROUP TRUST COMMON STOCK 49803T300 762 39,000 SH   SOLE 0 0 0 39,000
LAM RESEARCH CORP COMMON STOCK 512807108 3,509 12,000 SH   SOLE 0 0 0 12,000
LENNOX INTERNATIONAL INC COMMON STOCK 526107107 2,440 10,000 SH   SOLE 0 0 0 10,000
LEXINGTON REALTY TRUST COMMON STOCK 529043101 1,763 166,000 SH   SOLE 0 0 0 166,000
LIBERTY PROPERTY TRUST COMMON STOCK 531172104 3,369 56,096 SH   SOLE 0 0 0 56,096
LOEWS CORP COMMON STOCK 540424108 2,509 47,800 SH   SOLE 0 0 0 47,800
LOWE'S COS INC COMMON STOCK 548661107 4,120 34,400 SH   SOLE 0 0 0 34,400
Life Storage Inc COMMON STOCK 53223X107 1,787 16,500 SH   SOLE 0 0 0 16,500
MACERICH CO/THE COMMON STOCK 554382101 633 23,507 SH   SOLE 0 0 0 23,507
MACK-CALI REALTY CORP COMMON STOCK 554489104 1,619 70,000 SH   SOLE 0 0 0 70,000
MANPOWERGROUP INC COMMON STOCK 56418H100 2,330 24,000 SH   SOLE 0 0 0 24,000
MARSH and MCLENNAN COS COMMON STOCK 571748102 3,587 32,200 SH   SOLE 0 0 0 32,200
MASCO CORP COMMON STOCK 574599106 2,697 56,200 SH   SOLE 0 0 0 56,200
MASTERCARD INC - A COMMON STOCK 57636Q104 7,315 24,500 SH   SOLE 0 0 0 24,500
MCDONALD'S CORP COMMON STOCK 580135101 4,743 24,000 SH   SOLE 0 0 0 24,000
MEDICAL PROPERTIES TRUST INC COMMON STOCK 58463J304 2,977 141,000 SH   SOLE 0 0 0 141,000
MERCK and CO. INC. COMMON STOCK 58933Y105 6,457 71,000 SH   SOLE 0 0 0 71,000
METTLER-TOLEDO INTERNATIONAL COMMON STOCK 592688105 2,856 3,600 SH   SOLE 0 0 0 3,600
MICROSOFT CORP COMMON STOCK 594918104 14,386 91,225 SH   SOLE 0 0 0 91,225
MID-AMERICA APARTMENT COMM COMMON STOCK 59522J103 3,895 29,540 SH   SOLE 0 0 0 29,540
MONMOUTH REAL ESTATE INV COR COMMON STOCK 609720107 2,071 143,000 SH   SOLE 0 0 0 143,000
MONSTER BEVERAGE CORP COMMON STOCK 61174X109 2,764 43,500 SH   SOLE 0 0 0 43,500
MOTOROLA SOLUTIONS INC COMMON STOCK 620076307 2,772 17,200 SH   SOLE 0 0 0 17,200
MSCI INC COMMON STOCK 55354G100 2,711 10,500 SH   SOLE 0 0 0 10,500
NATL HEALTH INVESTORS INC COMMON STOCK 63633D104 1,793 22,000 SH   SOLE 0 0 0 22,000
NEW SENIOR INVESTMENT GROUP COMMON STOCK 648691103 405 53,000 SH   SOLE 0 0 0 53,000
O'REILLY AUTOMOTIVE INC COMMON STOCK 67103H107 3,243 7,400 SH   SOLE 0 0 0 7,400
OFFICE PROPERTIES INCOME TRUST COMMON STOCK 67623C109 1,051 32,708 SH   SOLE 0 0 0 32,708
OMEGA HEALTHCARE INVESTORS COMMON STOCK 681936100 2,880 68,000 SH   SOLE 0 0 0 68,000
OMNICOM GROUP COMMON STOCK 681919106 2,269 28,000 SH   SOLE 0 0 0 28,000
PARK HOTELS and RESORTS INC COMMON STOCK 700517105 544 21,038 SH   SOLE 0 0 0 21,038
PAYCHEX INC COMMON STOCK 704326107 2,718 31,950 SH   SOLE 0 0 0 31,950
PEBBLEBROOK HOTEL TRUST COMMON STOCK 70509V100 239 8,911 SH   SOLE 0 0 0 8,911
PEOPLE'S UNITED FINANCIAL COMMON STOCK 712704105 2,096 124,000 SH   SOLE 0 0 0 124,000
PEPSICO INC COMMON STOCK 713448108 5,535 40,500 SH   SOLE 0 0 0 40,500
PFIZER INC COMMON STOCK 717081103 5,908 150,800 SH   SOLE 0 0 0 150,800
PHYSICIANS REALTY TRUST COMMON STOCK 71943U104 2,140 113,000 SH   SOLE 0 0 0 113,000
PINNACLE WEST CAPITAL COMMON STOCK 723484101 2,518 28,000 SH   SOLE 0 0 0 28,000
PPG INDUSTRIES INC COMMON STOCK 693506107 3,164 23,700 SH   SOLE 0 0 0 23,700
PPL CORP COMMON STOCK 69351T106 2,870 80,000 SH   SOLE 0 0 0 80,000
PREFERRED APARTMENT COMMUN-A COMMON STOCK 74039L103 932 70,000 SH   SOLE 0 0 0 70,000
PROLOGIS INC COMMON STOCK 74340W103 8,581 96,265 SH   SOLE 0 0 0 96,265
PUBLIC SERVICE ENTERPRISE GP COMMON STOCK 744573106 2,657 45,000 SH   SOLE 0 0 0 45,000
PUBLIC STORAGE COMMON STOCK 74460D109 4,488 21,074 SH   SOLE 0 0 0 21,074
QTS REALTY TRUST INC-CL A COMMON STOCK 74736A103 733 13,500 SH   SOLE 0 0 0 13,500
REGENCY CENTERS CORP COMMON STOCK 758849103 2,177 34,500 SH   SOLE 0 0 0 34,500
REINSURANCE GROUP OF AMERICA COMMON STOCK 759351604 2,446 15,000 SH   SOLE 0 0 0 15,000
RLJ LODGING TRUST COMMON STOCK 74965L101 1,403 79,200 SH   SOLE 0 0 0 79,200
RMR GROUP INC/THE - A COMMON STOCK 74967R106 70 1,531 SH   SOLE 0 0 0 1,531
ROBERT HALF INTL INC COMMON STOCK 770323103 2,412 38,200 SH   SOLE 0 0 0 38,200
ROSS STORES INC COMMON STOCK 778296103 3,236 27,800 SH   SOLE 0 0 0 27,800
SandP GLOBAL INC COMMON STOCK 78409V104 3,632 13,300 SH   SOLE 0 0 0 13,300
SABRA HEALTH CARE REIT INC COMMON STOCK 78573L106 2,476 116,030 SH   SOLE 0 0 0 116,030
SEI INVESTMENTS COMPANY COMMON STOCK 784117103 2,868 43,800 SH   SOLE 0 0 0 43,800
SENIOR HOUSING PROP TRUST COMMON STOCK 81721M109 1,680 199,100 SH   SOLE 0 0 0 199,100
SERVICE PROPERTIES TRUST COMMON STOCK 44106M102 1,787 73,434 SH   SOLE 0 0 0 73,434
SHERWIN-WILLIAMS CO/THE COMMON STOCK 824348106 3,414 5,850 SH   SOLE 0 0 0 5,850
SIMON PROPERTY GROUP INC COMMON STOCK 828806109 2,726 18,300 SH   SOLE 0 0 0 18,300
SIMON PROPERTY GROUP INC COMMON STOCK 828806109 9,550 64,108 SH   SOLE 0 0 0 64,108
SL GREEN REALTY CORP COMMON STOCK 78440X101 2,499 27,200 SH   SOLE 0 0 0 27,200
SL GREEN REALTY CORP COMMON STOCK 78440X101 2,014 21,923 SH   SOLE 0 0 0 21,923
SNAP-ON INC COMMON STOCK 833034101 2,287 13,500 SH   SOLE 0 0 0 13,500
SPIRIT REALTY CAPITAL INC COMMON STOCK 84860W300 2,538 51,600 SH   SOLE 0 0 0 51,600
STAG INDUSTRIAL INC COMMON STOCK 85254J102 2,127 67,380 SH   SOLE 0 0 0 67,380
STARBUCKS CORP COMMON STOCK 855244109 4,502 51,200 SH   SOLE 0 0 0 51,200
STORE CAPITAL CORP COMMON STOCK 862121100 2,644 71,000 SH   SOLE 0 0 0 71,000
STRYKER CORP COMMON STOCK 863667101 3,506 16,700 SH   SOLE 0 0 0 16,700
SUMMIT HOTEL PROPERTIES INC COMMON STOCK 866082100 605 49,000 SH   SOLE 0 0 0 49,000
SYSCO CORP COMMON STOCK 871829107 3,447 40,300 SH   SOLE 0 0 0 40,300
TANGER FACTORY OUTLET CENTER COMMON STOCK 875465106 1,149 78,000 SH   SOLE 0 0 0 78,000
TARGET CORP COMMON STOCK 87612E106 3,551 27,700 SH   SOLE 0 0 0 27,700
TAUBMAN CENTERS INC COMMON STOCK 876664103 497 16,000 SH   SOLE 0 0 0 16,000
TEXAS INSTRUMENTS INC COMMON STOCK 882508104 4,413 34,400 SH   SOLE 0 0 0 34,400
TJX COMPANIES INC COMMON STOCK 872540109 3,700 60,600 SH   SOLE 0 0 0 60,600
TRACTOR SUPPLY COMPANY COMMON STOCK 892356106 2,317 24,800 SH   SOLE 0 0 0 24,800
TRAVELERS COS INC/THE COMMON STOCK 89417E109 2,794 20,400 SH   SOLE 0 0 0 20,400
UDR INC COMMON STOCK 902653104 2,305 49,367 SH   SOLE 0 0 0 49,367
UMH PROPERTIES INC COMMON STOCK 903002103 1,550 98,553 SH   SOLE 0 0 0 98,553
UNITEDHEALTH GROUP INC COMMON STOCK 91324P102 7,144 24,300 SH   SOLE 0 0 0 24,300
UNITI GROUP INC COMMON STOCK 91325V108 369 45,000 SH   SOLE 0 0 0 45,000
US BANCORP COMMON STOCK 902973304 3,925 66,200 SH   SOLE 0 0 0 66,200
VENTAS INC COMMON STOCK 92276F100 2,460 42,600 SH   SOLE 0 0 0 42,600
VENTAS INC COMMON STOCK 92276F100 5,051 87,482 SH   SOLE 0 0 0 87,482
VEREIT INC COMMON STOCK 92339V100 2,218 240,000 SH   SOLE 0 0 0 240,000
VEREIT INC COMMON STOCK 92339V100 3,631 393,000 SH   SOLE 0 0 0 393,000
VERIZON COMMUNICATIONS INC COMMON STOCK 92343V104 6,631 108,000 SH   SOLE 0 0 0 108,000
VISA INC-CLASS A SHARES COMMON STOCK 92826C839 7,779 41,400 SH   SOLE 0 0 0 41,400
VORNADO REALTY TRUST COMMON STOCK 929042109 1,846 27,765 SH   SOLE 0 0 0 27,765
VORNADO REALTY TRUST COMMON STOCK 929042109 2,494 37,500 SH   SOLE 0 0 0 37,500
WASHINGTON REIT COMMON STOCK 939653101 1,313 45,000 SH   SOLE 0 0 0 45,000
WASTE MANAGEMENT INC COMMON STOCK 94106L109 3,271 28,700 SH   SOLE 0 0 0 28,700
WELLTOWER INC COMMON STOCK 95040Q104 4,903 59,953 SH   SOLE 0 0 0 59,953
WESTERN UNION CO COMMON STOCK 959802109 2,598 97,000 SH   SOLE 0 0 0 97,000
WP CAREY INC COMMON STOCK 92936U109 1,361 17,000 SH   SOLE 0 0 0 17,000
WW GRAINGER INC COMMON STOCK 384802104 2,640 7,800 SH   SOLE 0 0 0 7,800
YUM! BRANDS INC COMMON STOCK 988498101 2,780 27,600 SH   SOLE 0 0 0 27,600
ZOETIS INC COMMON STOCK 98978V103 3,732 28,200 SH   SOLE 0 0 0 28,200