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 2,962 21,700 SH   SOLE 0 0 0 21,700
A SITE CENTER REIT COMMON STOCK 23317H854 128 24,500 SH   SOLE 0 0 0 24,500
ABBVIE INC COMMON STOCK 00287Y109 3,969 52,100 SH   SOLE 0 0 0 52,100
AFLAC INC COMMON STOCK 001055102 1,948 56,900 SH   SOLE 0 0 0 56,900
AGNC INVESTMENT CORP COMMON STOCK 00123Q104 1,349 127,500 SH   SOLE 0 0 0 127,500
ALEXANDRIA REAL ESTATE EQUIT COMMON STOCK 015271109 2,316 16,900 SH   SOLE 0 0 0 16,900
ALLEGHANY CORP COMMON STOCK 017175100 1,823 3,300 SH   SOLE 0 0 0 3,300
ALLSTATE CORP COMMON STOCK 020002101 2,247 24,500 SH   SOLE 0 0 0 24,500
AMERICAN CAMPUS COMMUNITIES COMMON STOCK 024835100 1,915 69,000 SH   SOLE 0 0 0 69,000
AMERICAN FINANCIAL GROUP INC COMMON STOCK 025932104 1,542 22,000 SH   SOLE 0 0 0 22,000
AMERICAN HOMES 4 RENT- A COMMON STOCK 02665T306 2,134 92,000 SH   SOLE 0 0 0 92,000
AMERIPRISE FINANCIAL INC COMMON STOCK 03076C106 1,701 16,600 SH   SOLE 0 0 0 16,600
AMGEN INC COMMON STOCK 031162100 4,095 20,200 SH   SOLE 0 0 0 20,200
ANNALY CAPITAL MANAGEMENT IN COMMON STOCK 035710409 1,268 250,000 SH   SOLE 0 0 0 250,000
ANTHEM INC COMMON STOCK 036752103 2,594 11,425 SH   SOLE 0 0 0 11,425
APARTMENT INVT and MGMT CO -A COMMON STOCK 03748R754 2,022 57,525 SH   SOLE 0 0 0 57,525
APPLE HOSPITALITY REIT INC COMMON STOCK 03784Y200 275 30,000 SH   SOLE 0 0 0 30,000
APPLE INC COMMON STOCK 037833100 11,755 46,225 SH   SOLE 0 0 0 46,225
ARMADA HOFFLER PROPERTIES IN COMMON STOCK 04208T108 168 15,700 SH   SOLE 0 0 0 15,700
ATandT INC COMMON STOCK 00206R102 5,247 180,000 SH   SOLE 0 0 0 180,000
AUTOMATIC DATA PROCESSING COMMON STOCK 053015103 2,775 20,300 SH   SOLE 0 0 0 20,300
AUTOZONE INC COMMON STOCK 053332102 2,030 2,400 SH   SOLE 0 0 0 2,400
AVALONBAY COMMUNITIES INC COMMON STOCK 053484101 3,373 22,920 SH   SOLE 0 0 0 22,920
AVERY DENNISON CORP COMMON STOCK 053611109 1,813 17,800 SH   SOLE 0 0 0 17,800
BAXTER INTERNATIONAL INC COMMON STOCK 071813109 2,760 34,000 SH   SOLE 0 0 0 34,000
BEST BUY CO INC COMMON STOCK 086516101 1,636 28,700 SH   SOLE 0 0 0 28,700
BIOGEN INC COMMON STOCK 09062X103 3,543 11,200 SH   SOLE 0 0 0 11,200
BLACKROCK INC COMMON STOCK 09247X101 2,684 6,100 SH   SOLE 0 0 0 6,100
BOOKING HOLDINGS INC COMMON STOCK 741503403 2,556 1,900 SH   SOLE 0 0 0 1,900
BOSTON PROPERTIES INC COMMON STOCK 101121101 1,514 16,417 SH   SOLE 0 0 0 16,417
BRANDYWINE REALTY TRUST COMMON STOCK 105368203 1,908 181,400 SH   SOLE 0 0 0 181,400
BRISTOL-MYERS SQUIBB CO COMMON STOCK 110122108 4,181 75,000 SH   SOLE 0 0 0 75,000
BRISTOL-MYERS SQUIBB-CVR COMMON STOCK 110122157 125 33,000 SH   SOLE 0 0 0 33,000
BRIXMOR PROPERTY GROUP INC COMMON STOCK 11120U105 1,055 111,000 SH   SOLE 0 0 0 111,000
BROADRIDGE FINANCIAL SOLUTIO COMMON STOCK 11133T103 1,792 18,900 SH   SOLE 0 0 0 18,900
CAMDEN PROPERTY TRUST COMMON STOCK 133131102 2,406 30,369 SH   SOLE 0 0 0 30,369
CBL and ASSOCIATES PROPERTIES COMMON STOCK 124830100 18 91,000 SH   SOLE 0 0 0 91,000
CDW CORP/DE COMMON STOCK 12514G108 1,828 19,600 SH   SOLE 0 0 0 19,600
CELANESE CORP-SERIES A COMMON STOCK 150870103 1,688 23,000 SH   SOLE 0 0 0 23,000
CENTERPOINT ENERGY INC COMMON STOCK 15189T107 1,452 94,000 SH   SOLE 0 0 0 94,000
CERNER CORP COMMON STOCK 156782104 2,142 34,000 SH   SOLE 0 0 0 34,000
CHATHAM LODGING TRUST COMMON STOCK 16208T102 154 26,000 SH   SOLE 0 0 0 26,000
CHURCH and DWIGHT CO INC COMMON STOCK 171340102 2,118 33,000 SH   SOLE 0 0 0 33,000
CINTAS CORP COMMON STOCK 172908105 1,663 9,600 SH   SOLE 0 0 0 9,600
CISCO SYSTEMS INC COMMON STOCK 17275R102 4,619 117,500 SH   SOLE 0 0 0 117,500
CITRIX SYSTEMS INC COMMON STOCK 177376100 2,973 21,000 SH   SOLE 0 0 0 21,000
CLOROX COMPANY COMMON STOCK 189054109 2,685 15,500 SH   SOLE 0 0 0 15,500
COGNIZANT TECH SOLUTIONS-A COMMON STOCK 192446102 2,138 46,000 SH   SOLE 0 0 0 46,000
COLGATE-PALMOLIVE CO COMMON STOCK 194162103 2,986 45,000 SH   SOLE 0 0 0 45,000
COLUMBIA PROPERTY TRUST INC COMMON STOCK 198287203 888 71,000 SH   SOLE 0 0 0 71,000
CORPORATE OFFICE PROPERTIES COMMON STOCK 22002T108 819 37,000 SH   SOLE 0 0 0 37,000
COUSINS PROPERTIES INC COMMON STOCK 222795502 2,517 85,977 SH   SOLE 0 0 0 85,977
CUBESMART COMMON STOCK 229663109 1,554 58,000 SH   SOLE 0 0 0 58,000
CYRUSONE INC COMMON STOCK 23283R100 2,377 38,500 SH   SOLE 0 0 0 38,500
Colony Capital Inc COMMON STOCK 19625W104 723 413,163 SH   SOLE 0 0 0 413,163
DARDEN RESTAURANTS INC COMMON STOCK 237194105 1,127 20,700 SH   SOLE 0 0 0 20,700
DIGITAL REALTY TRUST INC COMMON STOCK 253868103 4,910 35,350 SH   SOLE 0 0 0 35,350
DOLLAR GENERAL CORP COMMON STOCK 256677105 2,718 18,000 SH   SOLE 0 0 0 18,000
DOMINION ENERGY INC COMMON STOCK 25746U109 2,989 41,400 SH   SOLE 0 0 0 41,400
DOUGLAS EMMETT INC COMMON STOCK 25960P109 641 21,000 SH   SOLE 0 0 0 21,000
DUKE REALTY CORP COMMON STOCK 264411505 1,685 52,024 SH   SOLE 0 0 0 52,024
Diversified Healthcare Trust COMMON STOCK 25525P107 904 249,100 SH   SOLE 0 0 0 249,100
EBAY INC COMMON STOCK 278642103 2,134 71,000 SH   SOLE 0 0 0 71,000
ELI LILLY and CO COMMON STOCK 532457108 4,162 30,000 SH   SOLE 0 0 0 30,000
EMERSON ELECTRIC CO COMMON STOCK 291011104 1,916 40,200 SH   SOLE 0 0 0 40,200
EMPIRE STATE REALTY TRUST-A COMMON STOCK 292104106 636 71,000 SH   SOLE 0 0 0 71,000
EPR PROPERTIES COMMON STOCK 26884U109 1,194 49,300 SH   SOLE 0 0 0 49,300
EQUINIX INC COMMON STOCK 29444U700 2,811 4,500 SH   SOLE 0 0 0 4,500
EQUITY RESIDENTIAL COMMON STOCK 29476L107 4,064 65,856 SH   SOLE 0 0 0 65,856
ESSENTIAL PROPERTIES REALTY COMMON STOCK 29670E107 575 44,000 SH   SOLE 0 0 0 44,000
ESSEX PROPERTY TRUST INC COMMON STOCK 297178105 2,621 11,900 SH   SOLE 0 0 0 11,900
EXELON CORP COMMON STOCK 30161N101 2,393 65,000 SH   SOLE 0 0 0 65,000
EXPEDITORS INTL WASH INC COMMON STOCK 302130109 2,095 31,400 SH   SOLE 0 0 0 31,400
EXXON MOBIL CORP COMMON STOCK 30231G102 3,843 101,200 SH   SOLE 0 0 0 101,200
F5 NETWORKS INC COMMON STOCK 315616102 1,674 15,700 SH   SOLE 0 0 0 15,700
FACEBOOK INC-A COMMON STOCK 30303M102 8,173 49,000 SH   SOLE 0 0 0 49,000
FIRSTENERGY CORP COMMON STOCK 337932107 2,244 56,000 SH   SOLE 0 0 0 56,000
FISERV INC COMMON STOCK 337738108 2,660 28,000 SH   SOLE 0 0 0 28,000
FOUR CORNERS PROPERTY TRUST COMMON STOCK 35086T109 281 15,000 SH   SOLE 0 0 0 15,000
GAMING AND LEISURE PROPERTIE COMMON STOCK 36467J108 2,078 75,000 SH   SOLE 0 0 0 75,000
GENERAL MILLS INC COMMON STOCK 370334104 2,797 53,000 SH   SOLE 0 0 0 53,000
GLOBAL NET LEASE INC COMMON STOCK 379378201 1,316 98,408 SH   SOLE 0 0 0 98,408
GLOBE LIFE INC COMMON STOCK 37959E102 1,670 23,200 SH   SOLE 0 0 0 23,200
HARTFORD FINANCIAL SVCS GRP COMMON STOCK 416515104 1,551 44,000 SH   SOLE 0 0 0 44,000
HCP INC COMMON STOCK 42250P103 2,542 106,593 SH   SOLE 0 0 0 106,593
HEALTHCARE REALTY TRUST INC COMMON STOCK 421946104 298 10,682 SH   SOLE 0 0 0 10,682
HEALTHCARE TRUST OF AME-CL A COMMON STOCK 42225P501 2,064 85,000 SH   SOLE 0 0 0 85,000
HERSHA HOSPITALITY TRUST COMMON STOCK 427825500 72 20,000 SH   SOLE 0 0 0 20,000
HERSHEY CO/THE COMMON STOCK 427866108 2,425 18,300 SH   SOLE 0 0 0 18,300
HIGHWOODS PROPERTIES INC COMMON STOCK 431284108 1,410 39,802 SH   SOLE 0 0 0 39,802
HOME DEPOT INC COMMON STOCK 437076102 4,985 26,700 SH   SOLE 0 0 0 26,700
HOST HOTELS and RESORTS INC COMMON STOCK 44107P104 1,755 158,998 SH   SOLE 0 0 0 158,998
HP INC COMMON STOCK 40434L105 2,292 132,000 SH   SOLE 0 0 0 132,000
HUDSON PACIFIC PROPERTIES IN COMMON STOCK 444097109 1,534 60,500 SH   SOLE 0 0 0 60,500
HUMANA INC COMMON STOCK 444859102 2,858 9,100 SH   SOLE 0 0 0 9,100
IDEX CORP COMMON STOCK 45167R104 2,044 14,800 SH   SOLE 0 0 0 14,800
IDEXX LABORATORIES INC COMMON STOCK 45168D104 2,301 9,500 SH   SOLE 0 0 0 9,500
ILLINOIS TOOL WORKS COMMON STOCK 452308109 2,572 18,100 SH   SOLE 0 0 0 18,100
INDUSTRIAL LOGISTICS PROPERT COMMON STOCK 456237106 2,445 139,415 SH   SOLE 0 0 0 139,415
INGERSOLL-RAND INC COMMON STOCK 000000000 460 18,530 SH   SOLE 0 0 0 18,530
INNOVATIVE INDUSTRIAL PROPER COMMON STOCK 45781V101 266 3,500 SH   SOLE 0 0 0 3,500
INTL BUSINESS MACHINES CORP COMMON STOCK 459200101 3,250 29,300 SH   SOLE 0 0 0 29,300
INTUIT INC COMMON STOCK 461202103 2,697 11,725 SH   SOLE 0 0 0 11,725
INVITATION HOMES INC COMMON STOCK 46187W107 830 38,824 SH   SOLE 0 0 0 38,824
IRON MOUNTAIN INC COMMON STOCK 46284V101 2,130 89,500 SH   SOLE 0 0 0 89,500
KENNEDY-WILSON HOLDINGS INC COMMON STOCK 489398107 457 34,081 SH   SOLE 0 0 0 34,081
KILROY REALTY CORP COMMON STOCK 49427F108 1,147 18,000 SH   SOLE 0 0 0 18,000
KIMBERLY-CLARK CORP COMMON STOCK 494368103 2,813 22,000 SH   SOLE 0 0 0 22,000
KIMCO REALTY CORP COMMON STOCK 49446R109 394 40,731 SH   SOLE 0 0 0 40,731
KITE REALTY GROUP TRUST COMMON STOCK 49803T300 369 39,000 SH   SOLE 0 0 0 39,000
LAM RESEARCH CORP COMMON STOCK 512807108 2,400 10,000 SH   SOLE 0 0 0 10,000
LENNOX INTERNATIONAL INC COMMON STOCK 526107107 1,818 10,000 SH   SOLE 0 0 0 10,000
LEXINGTON REALTY TRUST COMMON STOCK 529043101 1,648 166,000 SH   SOLE 0 0 0 166,000
LOEWS CORP COMMON STOCK 540424108 1,665 47,800 SH   SOLE 0 0 0 47,800
LOWE'S COS INC COMMON STOCK 548661107 2,616 30,400 SH   SOLE 0 0 0 30,400
Life Storage Inc COMMON STOCK 53223X107 1,560 16,500 SH   SOLE 0 0 0 16,500
MACERICH CO/THE COMMON STOCK 554382101 132 23,507 SH   SOLE 0 0 0 23,507
MACK-CALI REALTY CORP COMMON STOCK 554489104 822 54,000 SH   SOLE 0 0 0 54,000
MANPOWERGROUP INC COMMON STOCK 56418H100 1,272 24,000 SH   SOLE 0 0 0 24,000
MARSH and MCLENNAN COS COMMON STOCK 571748102 2,352 27,200 SH   SOLE 0 0 0 27,200
MASCO CORP COMMON STOCK 574599106 1,770 51,200 SH   SOLE 0 0 0 51,200
MASTERCARD INC - A COMMON STOCK 57636Q104 5,194 21,500 SH   SOLE 0 0 0 21,500
MCDONALD'S CORP COMMON STOCK 580135101 3,803 23,000 SH   SOLE 0 0 0 23,000
MEDICAL PROPERTIES TRUST INC COMMON STOCK 58463J304 2,663 154,000 SH   SOLE 0 0 0 154,000
MERCK and CO. INC. COMMON STOCK 58933Y105 5,309 69,000 SH   SOLE 0 0 0 69,000
METTLER-TOLEDO INTERNATIONAL COMMON STOCK 592688105 2,141 3,100 SH   SOLE 0 0 0 3,100
MICROSOFT CORP COMMON STOCK 594918104 12,100 76,725 SH   SOLE 0 0 0 76,725
MID-AMERICA APARTMENT COMM COMMON STOCK 59522J103 3,044 29,540 SH   SOLE 0 0 0 29,540
MONMOUTH REAL ESTATE INV COR COMMON STOCK 609720107 1,723 143,000 SH   SOLE 0 0 0 143,000
MONSTER BEVERAGE CORP COMMON STOCK 61174X109 2,335 41,500 SH   SOLE 0 0 0 41,500
MOTOROLA SOLUTIONS INC COMMON STOCK 620076307 2,020 15,200 SH   SOLE 0 0 0 15,200
MSCI INC COMMON STOCK 55354G100 2,745 9,500 SH   SOLE 0 0 0 9,500
NATL HEALTH INVESTORS INC COMMON STOCK 63633D104 1,362 27,500 SH   SOLE 0 0 0 27,500
NEW SENIOR INVESTMENT GROUP COMMON STOCK 648691103 136 53,000 SH   SOLE 0 0 0 53,000
O'REILLY AUTOMOTIVE INC COMMON STOCK 67103H107 1,927 6,400 SH   SOLE 0 0 0 6,400
OFFICE PROPERTIES INCOME TRUST COMMON STOCK 67623C109 891 32,708 SH   SOLE 0 0 0 32,708
OMEGA HEALTHCARE INVESTORS COMMON STOCK 681936100 2,442 92,000 SH   SOLE 0 0 0 92,000
OMNICOM GROUP COMMON STOCK 681919106 1,537 28,000 SH   SOLE 0 0 0 28,000
PARK HOTELS and RESORTS INC COMMON STOCK 700517105 166 21,038 SH   SOLE 0 0 0 21,038
PAYCHEX INC COMMON STOCK 704326107 2,010 31,950 SH   SOLE 0 0 0 31,950
PEBBLEBROOK HOTEL TRUST COMMON STOCK 70509V100 97 8,911 SH   SOLE 0 0 0 8,911
PEOPLE'S UNITED FINANCIAL COMMON STOCK 712704105 1,370 124,000 SH   SOLE 0 0 0 124,000
PEPSICO INC COMMON STOCK 713448108 4,624 38,500 SH   SOLE 0 0 0 38,500
PFIZER INC COMMON STOCK 717081103 4,922 150,800 SH   SOLE 0 0 0 150,800
PHYSICIANS REALTY TRUST COMMON STOCK 71943U104 1,575 113,000 SH   SOLE 0 0 0 113,000
PINNACLE WEST CAPITAL COMMON STOCK 723484101 2,122 28,000 SH   SOLE 0 0 0 28,000
PPG INDUSTRIES INC COMMON STOCK 693506107 1,856 22,200 SH   SOLE 0 0 0 22,200
PPL CORP COMMON STOCK 69351T106 1,974 80,000 SH   SOLE 0 0 0 80,000
PREFERRED APARTMENT COMMUN-A COMMON STOCK 74039L103 862 120,000 SH   SOLE 0 0 0 120,000
PROLOGIS INC COMMON STOCK 74340W103 10,400 129,404 SH   SOLE 0 0 0 129,404
PUBLIC SERVICE ENTERPRISE GP COMMON STOCK 744573106 2,021 45,000 SH   SOLE 0 0 0 45,000
PUBLIC STORAGE COMMON STOCK 74460D109 4,186 21,074 SH   SOLE 0 0 0 21,074
QTS REALTY TRUST INC-CL A COMMON STOCK 74736A103 435 7,500 SH   SOLE 0 0 0 7,500
QUEST DIAGNOSTICS INC COMMON STOCK 74834L100 1,686 21,000 SH   SOLE 0 0 0 21,000
REGENCY CENTERS CORP COMMON STOCK 758849103 1,326 34,500 SH   SOLE 0 0 0 34,500
REINSURANCE GROUP OF AMERICA COMMON STOCK 759351604 1,262 15,000 SH   SOLE 0 0 0 15,000
RLJ LODGING TRUST COMMON STOCK 74965L101 611 79,200 SH   SOLE 0 0 0 79,200
ROBERT HALF INTL INC COMMON STOCK 770323103 1,442 38,200 SH   SOLE 0 0 0 38,200
ROSS STORES INC COMMON STOCK 778296103 2,244 25,800 SH   SOLE 0 0 0 25,800
SandP GLOBAL INC COMMON STOCK 78409V104 2,769 11,300 SH   SOLE 0 0 0 11,300
SABRA HEALTH CARE REIT INC COMMON STOCK 78573L106 1,267 116,030 SH   SOLE 0 0 0 116,030
SEI INVESTMENTS COMPANY COMMON STOCK 784117103 1,752 37,800 SH   SOLE 0 0 0 37,800
SERVICE PROPERTIES TRUST COMMON STOCK 44106M102 299 55,434 SH   SOLE 0 0 0 55,434
SHERWIN-WILLIAMS CO/THE COMMON STOCK 824348106 2,367 5,150 SH   SOLE 0 0 0 5,150
SIMON PROPERTY GROUP INC COMMON STOCK 828806109 1,004 18,300 SH   SOLE 0 0 0 18,300
SIMON PROPERTY GROUP INC COMMON STOCK 828806109 3,133 57,108 SH   SOLE 0 0 0 57,108
SL GREEN REALTY CORP COMMON STOCK 78440X101 1,172 27,200 SH   SOLE 0 0 0 27,200
SL GREEN REALTY CORP COMMON STOCK 78440X101 945 21,923 SH   SOLE 0 0 0 21,923
SNAP-ON INC COMMON STOCK 833034101 1,469 13,500 SH   SOLE 0 0 0 13,500
SPIRIT REALTY CAPITAL INC COMMON STOCK 84860W300 1,768 67,600 SH   SOLE 0 0 0 67,600
STAG INDUSTRIAL INC COMMON STOCK 85254J102 1,517 67,380 SH   SOLE 0 0 0 67,380
STARBUCKS CORP COMMON STOCK 855244109 3,037 46,200 SH   SOLE 0 0 0 46,200
STORE CAPITAL CORP COMMON STOCK 862121100 1,631 90,000 SH   SOLE 0 0 0 90,000
STRYKER CORP COMMON STOCK 863667101 2,780 16,700 SH   SOLE 0 0 0 16,700
SUMMIT HOTEL PROPERTIES INC COMMON STOCK 866082100 207 49,000 SH   SOLE 0 0 0 49,000
SYSCO CORP COMMON STOCK 871829107 1,702 37,300 SH   SOLE 0 0 0 37,300
TANGER FACTORY OUTLET CENTER COMMON STOCK 875465106 390 78,000 SH   SOLE 0 0 0 78,000
TARGET CORP COMMON STOCK 87612E106 2,575 27,700 SH   SOLE 0 0 0 27,700
TEXAS INSTRUMENTS INC COMMON STOCK 882508104 3,438 34,400 SH   SOLE 0 0 0 34,400
TJX COMPANIES INC COMMON STOCK 872540109 2,658 55,600 SH   SOLE 0 0 0 55,600
TRACTOR SUPPLY COMPANY COMMON STOCK 892356106 2,097 24,800 SH   SOLE 0 0 0 24,800
TRAVELERS COS INC/THE COMMON STOCK 89417E109 2,027 20,400 SH   SOLE 0 0 0 20,400
UDR INC COMMON STOCK 902653104 1,804 49,367 SH   SOLE 0 0 0 49,367
UMH PROPERTIES INC COMMON STOCK 903002103 799 73,553 SH   SOLE 0 0 0 73,553
UNITEDHEALTH GROUP INC COMMON STOCK 91324P102 6,060 24,300 SH   SOLE 0 0 0 24,300
US BANCORP COMMON STOCK 902973304 2,281 66,200 SH   SOLE 0 0 0 66,200
VENTAS INC COMMON STOCK 92276F100 1,142 42,600 SH   SOLE 0 0 0 42,600
VENTAS INC COMMON STOCK 92276F100 2,779 103,682 SH   SOLE 0 0 0 103,682
VEREIT INC COMMON STOCK 92339V100 1,174 240,000 SH   SOLE 0 0 0 240,000
VEREIT INC COMMON STOCK 92339V100 1,922 393,000 SH   SOLE 0 0 0 393,000
VERIZON COMMUNICATIONS INC COMMON STOCK 92343V104 5,695 106,000 SH   SOLE 0 0 0 106,000
VISA INC-CLASS A SHARES COMMON STOCK 92826C839 6,187 38,400 SH   SOLE 0 0 0 38,400
VORNADO REALTY TRUST COMMON STOCK 929042109 1,005 27,765 SH   SOLE 0 0 0 27,765
VORNADO REALTY TRUST COMMON STOCK 929042109 1,358 37,500 SH   SOLE 0 0 0 37,500
WASHINGTON REIT COMMON STOCK 939653101 835 35,000 SH   SOLE 0 0 0 35,000
WASTE MANAGEMENT INC COMMON STOCK 94106L109 2,379 25,700 SH   SOLE 0 0 0 25,700
WELLTOWER INC COMMON STOCK 95040Q104 3,843 83,953 SH   SOLE 0 0 0 83,953
WESTERN UNION CO COMMON STOCK 959802109 1,595 88,000 SH   SOLE 0 0 0 88,000
WP CAREY INC COMMON STOCK 92936U109 1,760 30,300 SH   SOLE 0 0 0 30,300
WW GRAINGER INC COMMON STOCK 384802104 1,938 7,800 SH   SOLE 0 0 0 7,800
YUM! BRANDS INC COMMON STOCK 988498101 1,891 27,600 SH   SOLE 0 0 0 27,600
ZOETIS INC COMMON STOCK 98978V103 2,848 24,200 SH   SOLE 0 0 0 24,200