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 3,476 21,700 SH   SOLE 0 0 0 21,700
ABBVIE INC COMMON STOCK 00287Y109 4,563 52,100 SH   SOLE 0 0 0 52,100
AFLAC INC COMMON STOCK 001055102 2,068 56,900 SH   SOLE 0 0 0 56,900
AGNC INVESTMENT CORP COMMON STOCK 00123Q104 1,774 127,500 SH   SOLE 0 0 0 127,500
ALEXANDRIA REAL ESTATE EQUIT COMMON STOCK 015271109 2,512 15,700 SH   SOLE 0 0 0 15,700
ALLEGHANY CORP COMMON STOCK 017175100 1,717 3,300 SH   SOLE 0 0 0 3,300
ALLSTATE CORP COMMON STOCK 020002101 2,306 24,500 SH   SOLE 0 0 0 24,500
AMERICAN CAMPUS COMMUNITIES COMMON STOCK 024835100 2,305 66,000 SH   SOLE 0 0 0 66,000
AMERICAN FINANCIAL GROUP INC COMMON STOCK 025932104 1,474 22,000 SH   SOLE 0 0 0 22,000
AMERICAN HOMES 4 RENT- A COMMON STOCK 02665T306 2,535 89,000 SH   SOLE 0 0 0 89,000
AMERIPRISE FINANCIAL INC COMMON STOCK 03076C106 2,558 16,600 SH   SOLE 0 0 0 16,600
AMGEN INC COMMON STOCK 031162100 5,134 20,200 SH   SOLE 0 0 0 20,200
ANNALY CAPITAL MANAGEMENT IN COMMON STOCK 035710409 1,780 250,000 SH   SOLE 0 0 0 250,000
ANTHEM INC COMMON STOCK 036752103 3,069 11,425 SH   SOLE 0 0 0 11,425
APARTMENT INVT and MGMT CO -A COMMON STOCK 03748R754 1,872 55,525 SH   SOLE 0 0 0 55,525
APPLE HOSPITALITY REIT INC COMMON STOCK 03784Y200 288 30,000 SH   SOLE 0 0 0 30,000
APPLE INC COMMON STOCK 037833100 21,413 184,900 SH   SOLE 0 0 0 184,900
ARCHER-DANIELS-MIDLAND CO COMMON STOCK 039483102 2,789 60,000 SH   SOLE 0 0 0 60,000
ATandT INC COMMON STOCK 00206R102 5,132 180,000 SH   SOLE 0 0 0 180,000
AUTOMATIC DATA PROCESSING COMMON STOCK 053015103 2,832 20,300 SH   SOLE 0 0 0 20,300
AUTOZONE INC COMMON STOCK 053332102 2,826 2,400 SH   SOLE 0 0 0 2,400
AVALONBAY COMMUNITIES INC COMMON STOCK 053484101 4,603 30,820 SH   SOLE 0 0 0 30,820
AVERY DENNISON CORP COMMON STOCK 053611109 2,276 17,800 SH   SOLE 0 0 0 17,800
BAXTER INTERNATIONAL INC COMMON STOCK 071813109 2,734 34,000 SH   SOLE 0 0 0 34,000
BEST BUY CO INC COMMON STOCK 086516101 3,194 28,700 SH   SOLE 0 0 0 28,700
BIOGEN INC COMMON STOCK 09062X103 3,177 11,200 SH   SOLE 0 0 0 11,200
BLACKROCK INC COMMON STOCK 09247X101 3,438 6,100 SH   SOLE 0 0 0 6,100
BOOKING HOLDINGS INC COMMON STOCK 741503403 3,250 1,900 SH   SOLE 0 0 0 1,900
BOSTON PROPERTIES INC COMMON STOCK 101121101 1,238 15,417 SH   SOLE 0 0 0 15,417
BRANDYWINE REALTY TRUST COMMON STOCK 105368203 1,669 161,400 SH   SOLE 0 0 0 161,400
BRISTOL-MYERS SQUIBB CO COMMON STOCK 110122108 4,522 75,000 SH   SOLE 0 0 0 75,000
BRISTOL-MYERS SQUIBB-CVR COMMON STOCK 110122157 74 33,000 SH   SOLE 0 0 0 33,000
BRIXMOR PROPERTY GROUP INC COMMON STOCK 11120U105 1,181 101,000 SH   SOLE 0 0 0 101,000
BROADRIDGE FINANCIAL SOLUTIO COMMON STOCK 11133T103 2,495 18,900 SH   SOLE 0 0 0 18,900
CAMDEN PROPERTY TRUST COMMON STOCK 133131102 2,464 27,686 SH   SOLE 0 0 0 27,686
CAMPBELL SOUP CO COMMON STOCK 134429109 2,709 56,000 SH   SOLE 0 0 0 56,000
CDW CORP/DE COMMON STOCK 12514G108 2,343 19,600 SH   SOLE 0 0 0 19,600
CELANESE CORP-SERIES A COMMON STOCK 150870103 2,471 23,000 SH   SOLE 0 0 0 23,000
CENTERPOINT ENERGY INC COMMON STOCK 15189T107 1,819 94,000 SH   SOLE 0 0 0 94,000
CERNER CORP COMMON STOCK 156782104 2,458 34,000 SH   SOLE 0 0 0 34,000
CHATHAM LODGING TRUST COMMON STOCK 16208T102 198 26,000 SH   SOLE 0 0 0 26,000
CHURCH and DWIGHT CO INC COMMON STOCK 171340102 3,092 33,000 SH   SOLE 0 0 0 33,000
CISCO SYSTEMS INC COMMON STOCK 17275R102 4,628 117,500 SH   SOLE 0 0 0 117,500
CITRIX SYSTEMS INC COMMON STOCK 177376100 2,892 21,000 SH   SOLE 0 0 0 21,000
CLOROX COMPANY COMMON STOCK 189054109 3,258 15,500 SH   SOLE 0 0 0 15,500
COGNIZANT TECH SOLUTIONS-A COMMON STOCK 192446102 3,193 46,000 SH   SOLE 0 0 0 46,000
COLGATE-PALMOLIVE CO COMMON STOCK 194162103 3,472 45,000 SH   SOLE 0 0 0 45,000
COLUMBIA PROPERTY TRUST INC COMMON STOCK 198287203 666 61,000 SH   SOLE 0 0 0 61,000
CORESITE REALTY CORP COMMON STOCK 21870Q105 1,320 11,100 SH   SOLE 0 0 0 11,100
CORPORATE OFFICE PROPERTIES COMMON STOCK 22002T108 830 35,000 SH   SOLE 0 0 0 35,000
COUSINS PROPERTIES INC COMMON STOCK 222795502 2,229 77,977 SH   SOLE 0 0 0 77,977
CUBESMART COMMON STOCK 229663109 1,922 59,500 SH   SOLE 0 0 0 59,500
CYRUSONE INC COMMON STOCK 23283R100 2,780 39,700 SH   SOLE 0 0 0 39,700
Colony Capital Inc COMMON STOCK 19625W104 510 186,932 SH   SOLE 0 0 0 186,932
DARDEN RESTAURANTS INC COMMON STOCK 237194105 2,085 20,700 SH   SOLE 0 0 0 20,700
DIGITAL REALTY TRUST INC COMMON STOCK 253868103 5,041 34,350 SH   SOLE 0 0 0 34,350
DOLLAR GENERAL CORP COMMON STOCK 256677105 3,773 18,000 SH   SOLE 0 0 0 18,000
DOMINION ENERGY INC COMMON STOCK 25746U109 3,268 41,400 SH   SOLE 0 0 0 41,400
DOUGLAS EMMETT INC COMMON STOCK 25960P109 151 6,000 SH   SOLE 0 0 0 6,000
DUKE REALTY CORP COMMON STOCK 264411505 1,791 48,524 SH   SOLE 0 0 0 48,524
Diversified Healthcare Trust COMMON STOCK 25525P107 1,053 299,100 SH   SOLE 0 0 0 299,100
EBAY INC COMMON STOCK 278642103 3,699 71,000 SH   SOLE 0 0 0 71,000
ELI LILLY and CO COMMON STOCK 532457108 4,441 30,000 SH   SOLE 0 0 0 30,000
EMERSON ELECTRIC CO COMMON STOCK 291011104 2,636 40,200 SH   SOLE 0 0 0 40,200
EMPIRE STATE REALTY TRUST-A COMMON STOCK 292104106 435 71,000 SH   SOLE 0 0 0 71,000
EPR PROPERTIES COMMON STOCK 26884U109 406 14,762 SH   SOLE 0 0 0 14,762
EQUINIX INC COMMON STOCK 29444U700 4,830 6,354 SH   SOLE 0 0 0 6,354
EQUITY RESIDENTIAL COMMON STOCK 29476L107 4,279 83,356 SH   SOLE 0 0 0 83,356
ESSENTIAL PROPERTIES REALTY COMMON STOCK 29670E107 1,227 67,000 SH   SOLE 0 0 0 67,000
ESSEX PROPERTY TRUST INC COMMON STOCK 297178105 3,313 16,500 SH   SOLE 0 0 0 16,500
EXELON CORP COMMON STOCK 30161N101 2,324 65,000 SH   SOLE 0 0 0 65,000
EXPEDITORS INTL WASH INC COMMON STOCK 302130109 2,842 31,400 SH   SOLE 0 0 0 31,400
EXXON MOBIL CORP COMMON STOCK 30231G102 3,474 101,200 SH   SOLE 0 0 0 101,200
F5 NETWORKS INC COMMON STOCK 315616102 1,927 15,700 SH   SOLE 0 0 0 15,700
FACEBOOK INC-A COMMON STOCK 30303M102 12,833 49,000 SH   SOLE 0 0 0 49,000
FIRSTENERGY CORP COMMON STOCK 337932107 1,608 56,000 SH   SOLE 0 0 0 56,000
FISERV INC COMMON STOCK 337738108 2,885 28,000 SH   SOLE 0 0 0 28,000
GAMING AND LEISURE PROPERTIE COMMON STOCK 36467J108 463 12,540 SH   SOLE 0 0 0 12,540
GENERAL MILLS INC COMMON STOCK 370334104 3,269 53,000 SH   SOLE 0 0 0 53,000
GLOBAL NET LEASE INC COMMON STOCK 379378201 1,669 104,976 SH   SOLE 0 0 0 104,976
GLOBE LIFE INC COMMON STOCK 37959E102 1,854 23,200 SH   SOLE 0 0 0 23,200
HARTFORD FINANCIAL SVCS GRP COMMON STOCK 416515104 1,622 44,000 SH   SOLE 0 0 0 44,000
HCP INC COMMON STOCK 42250P103 2,622 96,593 SH   SOLE 0 0 0 96,593
HEALTHCARE REALTY TRUST INC COMMON STOCK 421946104 684 22,719 SH   SOLE 0 0 0 22,719
HEALTHCARE TRUST OF AME-CL A COMMON STOCK 42225P501 2,548 98,000 SH   SOLE 0 0 0 98,000
HENRY SCHEIN INC COMMON STOCK 806407102 1,999 34,000 SH   SOLE 0 0 0 34,000
HERSHA HOSPITALITY TRUST COMMON STOCK 427825500 111 20,000 SH   SOLE 0 0 0 20,000
HERSHEY CO/THE COMMON STOCK 427866108 2,623 18,300 SH   SOLE 0 0 0 18,300
HIGHWOODS PROPERTIES INC COMMON STOCK 431284108 1,336 39,802 SH   SOLE 0 0 0 39,802
HOME DEPOT INC COMMON STOCK 437076102 7,415 26,700 SH   SOLE 0 0 0 26,700
HOST HOTELS and RESORTS INC COMMON STOCK 44107P104 1,608 148,998 SH   SOLE 0 0 0 148,998
HP INC COMMON STOCK 40434L105 2,507 132,000 SH   SOLE 0 0 0 132,000
HUDSON PACIFIC PROPERTIES IN COMMON STOCK 444097109 1,239 56,500 SH   SOLE 0 0 0 56,500
HUMANA INC COMMON STOCK 444859102 3,766 9,100 SH   SOLE 0 0 0 9,100
IDEXX LABORATORIES INC COMMON STOCK 45168D104 3,735 9,500 SH   SOLE 0 0 0 9,500
ILLINOIS TOOL WORKS COMMON STOCK 452308109 3,497 18,100 SH   SOLE 0 0 0 18,100
INDUSTRIAL LOGISTICS PROPERT COMMON STOCK 456237106 2,940 134,415 SH   SOLE 0 0 0 134,415
INNOVATIVE INDUSTRIAL PROPER COMMON STOCK 45781V101 583 4,700 SH   SOLE 0 0 0 4,700
INTL BUSINESS MACHINES CORP COMMON STOCK 459200101 3,565 29,300 SH   SOLE 0 0 0 29,300
INTUIT INC COMMON STOCK 461202103 3,825 11,725 SH   SOLE 0 0 0 11,725
INVITATION HOMES INC COMMON STOCK 46187W107 3,605 128,810 SH   SOLE 0 0 0 128,810
IRON MOUNTAIN INC COMMON STOCK 46284V101 2,344 87,500 SH   SOLE 0 0 0 87,500
KELLOGG CO COMMON STOCK 487836108 2,002 31,000 SH   SOLE 0 0 0 31,000
KENNEDY-WILSON HOLDINGS INC COMMON STOCK 489398107 379 26,081 SH   SOLE 0 0 0 26,081
KILROY REALTY CORP COMMON STOCK 49427F108 468 9,000 SH   SOLE 0 0 0 9,000
KIMBERLY-CLARK CORP COMMON STOCK 494368103 3,249 22,000 SH   SOLE 0 0 0 22,000
KIMCO REALTY CORP COMMON STOCK 49446R109 121 10,731 SH   SOLE 0 0 0 10,731
KITE REALTY GROUP TRUST COMMON STOCK 49803T300 452 39,000 SH   SOLE 0 0 0 39,000
KROGER CO COMMON STOCK 501044101 2,306 68,000 SH   SOLE 0 0 0 68,000
LAM RESEARCH CORP COMMON STOCK 512807108 3,318 10,000 SH   SOLE 0 0 0 10,000
LENNOX INTERNATIONAL INC COMMON STOCK 526107107 2,726 10,000 SH   SOLE 0 0 0 10,000
LEXINGTON REALTY TRUST COMMON STOCK 529043101 1,944 186,000 SH   SOLE 0 0 0 186,000
LOEWS CORP COMMON STOCK 540424108 1,661 47,800 SH   SOLE 0 0 0 47,800
LOWE'S COS INC COMMON STOCK 548661107 5,042 30,400 SH   SOLE 0 0 0 30,400
Life Storage Inc COMMON STOCK 53223X107 1,632 15,500 SH   SOLE 0 0 0 15,500
MACERICH CO/THE COMMON STOCK 554382101 168 24,720 SH   SOLE 0 0 0 24,720
MANPOWERGROUP INC COMMON STOCK 56418H100 1,760 24,000 SH   SOLE 0 0 0 24,000
MARSH and MCLENNAN COS COMMON STOCK 571748102 3,120 27,200 SH   SOLE 0 0 0 27,200
MASCO CORP COMMON STOCK 574599106 2,823 51,200 SH   SOLE 0 0 0 51,200
MASTERCARD INC - A COMMON STOCK 57636Q104 7,271 21,500 SH   SOLE 0 0 0 21,500
MCDONALD'S CORP COMMON STOCK 580135101 5,048 23,000 SH   SOLE 0 0 0 23,000
MCKESSON CORP COMMON STOCK 58155Q103 2,234 15,000 SH   SOLE 0 0 0 15,000
MEDICAL PROPERTIES TRUST INC COMMON STOCK 58463J304 2,768 157,000 SH   SOLE 0 0 0 157,000
MERCK and CO. INC. COMMON STOCK 58933Y105 5,724 69,000 SH   SOLE 0 0 0 69,000
METTLER-TOLEDO INTERNATIONAL COMMON STOCK 592688105 2,994 3,100 SH   SOLE 0 0 0 3,100
MICROSOFT CORP COMMON STOCK 594918104 16,138 76,725 SH   SOLE 0 0 0 76,725
MID-AMERICA APARTMENT COMM COMMON STOCK 59522J103 3,367 29,040 SH   SOLE 0 0 0 29,040
MONDELEZ INTERNATIONAL INC-A COMMON STOCK 609207105 3,562 62,000 SH   SOLE 0 0 0 62,000
MONMOUTH REAL ESTATE INV COR COMMON STOCK 609720107 1,842 133,000 SH   SOLE 0 0 0 133,000
MONSTER BEVERAGE CORP COMMON STOCK 61174X109 3,328 41,500 SH   SOLE 0 0 0 41,500
MOTOROLA SOLUTIONS INC COMMON STOCK 620076307 2,384 15,200 SH   SOLE 0 0 0 15,200
NATL HEALTH INVESTORS INC COMMON STOCK 63633D104 1,766 29,300 SH   SOLE 0 0 0 29,300
NEW SENIOR INVESTMENT GROUP COMMON STOCK 648691103 260 65,056 SH   SOLE 0 0 0 65,056
O'REILLY AUTOMOTIVE INC COMMON STOCK 67103H107 2,951 6,400 SH   SOLE 0 0 0 6,400
OFFICE PROPERTIES INCOME TRUST COMMON STOCK 67623C109 616 29,708 SH   SOLE 0 0 0 29,708
OMEGA HEALTHCARE INVESTORS COMMON STOCK 681936100 2,515 84,000 SH   SOLE 0 0 0 84,000
OMNICOM GROUP COMMON STOCK 681919106 1,386 28,000 SH   SOLE 0 0 0 28,000
PARK HOTELS and RESORTS INC COMMON STOCK 700517105 210 21,038 SH   SOLE 0 0 0 21,038
PAYCHEX INC COMMON STOCK 704326107 2,549 31,950 SH   SOLE 0 0 0 31,950
PEBBLEBROOK HOTEL TRUST COMMON STOCK 70509V100 112 8,911 SH   SOLE 0 0 0 8,911
PEOPLE'S UNITED FINANCIAL COMMON STOCK 712704105 1,278 124,000 SH   SOLE 0 0 0 124,000
PEPSICO INC COMMON STOCK 713448108 5,336 38,500 SH   SOLE 0 0 0 38,500
PFIZER INC COMMON STOCK 717081103 5,534 150,800 SH   SOLE 0 0 0 150,800
PHYSICIANS REALTY TRUST COMMON STOCK 71943U104 1,755 98,000 SH   SOLE 0 0 0 98,000
PINNACLE WEST CAPITAL COMMON STOCK 723484101 2,087 28,000 SH   SOLE 0 0 0 28,000
PPG INDUSTRIES INC COMMON STOCK 693506107 2,710 22,200 SH   SOLE 0 0 0 22,200
PPL CORP COMMON STOCK 69351T106 2,177 80,000 SH   SOLE 0 0 0 80,000
PREFERRED APARTMENT COMMUN-A COMMON STOCK 74039L103 648 120,000 SH   SOLE 0 0 0 120,000
PROLOGIS INC COMMON STOCK 74340W103 12,568 124,904 SH   SOLE 0 0 0 124,904
PUBLIC SERVICE ENTERPRISE GP COMMON STOCK 744573106 2,471 45,000 SH   SOLE 0 0 0 45,000
PUBLIC STORAGE COMMON STOCK 74460D109 4,875 21,889 SH   SOLE 0 0 0 21,889
QTS REALTY TRUST INC-CL A COMMON STOCK 74736A103 473 7,500 SH   SOLE 0 0 0 7,500
QUEST DIAGNOSTICS INC COMMON STOCK 74834L100 2,404 21,000 SH   SOLE 0 0 0 21,000
REGENCY CENTERS CORP COMMON STOCK 758849103 1,312 34,500 SH   SOLE 0 0 0 34,500
REINSURANCE GROUP OF AMERICA COMMON STOCK 759351604 1,428 15,000 SH   SOLE 0 0 0 15,000
RLJ LODGING TRUST COMMON STOCK 74965L101 487 56,200 SH   SOLE 0 0 0 56,200
ROBERT HALF INTL INC COMMON STOCK 770323103 2,022 38,200 SH   SOLE 0 0 0 38,200
ROSS STORES INC COMMON STOCK 778296103 2,408 25,800 SH   SOLE 0 0 0 25,800
SandP GLOBAL INC COMMON STOCK 78409V104 4,075 11,300 SH   SOLE 0 0 0 11,300
SABRA HEALTH CARE REIT INC COMMON STOCK 78573L106 1,692 122,730 SH   SOLE 0 0 0 122,730
SEI INVESTMENTS COMPANY COMMON STOCK 784117103 1,917 37,800 SH   SOLE 0 0 0 37,800
SERVICE PROPERTIES TRUST COMMON STOCK 44106M102 441 55,434 SH   SOLE 0 0 0 55,434
SHERWIN-WILLIAMS CO/THE COMMON STOCK 824348106 3,588 5,150 SH   SOLE 0 0 0 5,150
SIMON PROPERTY GROUP INC COMMON STOCK 828806109 1,184 18,300 SH   SOLE 0 0 0 18,300
SIMON PROPERTY GROUP INC COMMON STOCK 828806109 3,629 56,108 SH   SOLE 0 0 0 56,108
SL GREEN REALTY CORP COMMON STOCK 78440X101 877 18,923 SH   SOLE 0 0 0 18,923
SL GREEN REALTY CORP COMMON STOCK 78440X101 1,261 27,200 SH   SOLE 0 0 0 27,200
SNAP-ON INC COMMON STOCK 833034101 1,986 13,500 SH   SOLE 0 0 0 13,500
SPIRIT REALTY CAPITAL INC COMMON STOCK 84860W300 2,147 63,600 SH   SOLE 0 0 0 63,600
STAG INDUSTRIAL INC COMMON STOCK 85254J102 2,268 74,380 SH   SOLE 0 0 0 74,380
STARBUCKS CORP COMMON STOCK 855244109 3,970 46,200 SH   SOLE 0 0 0 46,200
STORE CAPITAL CORP COMMON STOCK 862121100 2,332 85,000 SH   SOLE 0 0 0 85,000
STRYKER CORP COMMON STOCK 863667101 3,480 16,700 SH   SOLE 0 0 0 16,700
SUMMIT HOTEL PROPERTIES INC COMMON STOCK 866082100 254 49,000 SH   SOLE 0 0 0 49,000
SYSCO CORP COMMON STOCK 871829107 2,321 37,300 SH   SOLE 0 0 0 37,300
TANGER FACTORY OUTLET CENTER COMMON STOCK 875465106 470 78,000 SH   SOLE 0 0 0 78,000
TARGET CORP COMMON STOCK 87612E106 4,361 27,700 SH   SOLE 0 0 0 27,700
TEXAS INSTRUMENTS INC COMMON STOCK 882508104 4,912 34,400 SH   SOLE 0 0 0 34,400
TJX COMPANIES INC COMMON STOCK 872540109 3,094 55,600 SH   SOLE 0 0 0 55,600
TRACTOR SUPPLY COMPANY COMMON STOCK 892356106 3,555 24,800 SH   SOLE 0 0 0 24,800
TRAVELERS COS INC/THE COMMON STOCK 89417E109 2,207 20,400 SH   SOLE 0 0 0 20,400
UDR INC COMMON STOCK 902653104 2,677 82,105 SH   SOLE 0 0 0 82,105
UMH PROPERTIES INC COMMON STOCK 903002103 1,285 94,900 SH   SOLE 0 0 0 94,900
UNITEDHEALTH GROUP INC COMMON STOCK 91324P102 7,576 24,300 SH   SOLE 0 0 0 24,300
US BANCORP COMMON STOCK 902973304 2,373 66,200 SH   SOLE 0 0 0 66,200
VENTAS INC COMMON STOCK 92276F100 3,233 77,060 SH   SOLE 0 0 0 77,060
VENTAS INC COMMON STOCK 92276F100 1,787 42,600 SH   SOLE 0 0 0 42,600
VEREIT INC COMMON STOCK 92339V100 2,590 398,484 SH   SOLE 0 0 0 398,484
VEREIT INC COMMON STOCK 92339V100 1,560 240,000 SH   SOLE 0 0 0 240,000
VERIZON COMMUNICATIONS INC COMMON STOCK 92343V104 6,306 106,000 SH   SOLE 0 0 0 106,000
VISA INC-CLASS A SHARES COMMON STOCK 92826C839 7,679 38,400 SH   SOLE 0 0 0 38,400
VORNADO REALTY TRUST COMMON STOCK 929042109 936 27,765 SH   SOLE 0 0 0 27,765
VORNADO REALTY TRUST COMMON STOCK 929042109 1,264 37,500 SH   SOLE 0 0 0 37,500
WASHINGTON REIT COMMON STOCK 939653101 386 19,199 SH   SOLE 0 0 0 19,199
WASTE MANAGEMENT INC COMMON STOCK 94106L109 2,908 25,700 SH   SOLE 0 0 0 25,700
WELLTOWER INC COMMON STOCK 95040Q104 4,129 74,953 SH   SOLE 0 0 0 74,953
WESTERN UNION CO COMMON STOCK 959802109 1,886 88,000 SH   SOLE 0 0 0 88,000
WP CAREY INC COMMON STOCK 92936U109 2,137 32,800 SH   SOLE 0 0 0 32,800
WW GRAINGER INC COMMON STOCK 384802104 2,783 7,800 SH   SOLE 0 0 0 7,800
YUM! BRANDS INC COMMON STOCK 988498101 2,520 27,600 SH   SOLE 0 0 0 27,600
ZOETIS INC COMMON STOCK 98978V103 4,002 24,200 SH   SOLE 0 0 0 24,200