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
Alexandria Real Estate Equities Inc COMMON STOCK 015271109 2,567 17,700 SH   SOLE 0 0 0 17,700
American Campus Communities Inc COMMON STOCK 024835100 1,386 21,500 SH   SOLE 0 0 0 21,500
American Homes 4 Rent COMMON STOCK 02665T306 2,091 59,000 SH   SOLE 0 0 0 59,000
Apartment Income REIT Corp COMMON STOCK 03750L109 1,806 43,422 SH   SOLE 0 0 0 43,422
Apartment Investment and Management Co COMMON STOCK 03748R747 353 55,222 SH   SOLE 0 0 0 55,222
Apple Hospitality REIT Inc COMMON STOCK 03784Y200 734 50,000 SH   SOLE 0 0 0 50,000
AvalonBay Communities Inc COMMON STOCK 053484101 4,608 23,720 SH   SOLE 0 0 0 23,720
Boston Properties Inc COMMON STOCK 101121101 1,372 15,417 SH   SOLE 0 0 0 15,417
Brandywine Realty Trust COMMON STOCK 105368203 1,652 171,400 SH   SOLE 0 0 0 171,400
Brixmor Property Group Inc COMMON STOCK 11120U105 2,284 113,000 SH   SOLE 0 0 0 113,000
Camden Property Trust COMMON STOCK 133131102 2,365 17,586 SH   SOLE 0 0 0 17,586
Centerspace COMMON STOCK 15202L107 1,140 13,980 SH   SOLE 0 0 0 13,980
Chatham Lodging Trust COMMON STOCK 16208T102 376 36,000 SH   SOLE 0 0 0 36,000
Corporate Office Properties Trust COMMON STOCK 22002T108 838 32,000 SH   SOLE 0 0 0 32,000
Cousins Properties Inc COMMON STOCK 222795502 1,578 53,977 SH   SOLE 0 0 0 53,977
CubeSmart COMMON STOCK 229663109 2,627 61,500 SH   SOLE 0 0 0 61,500
Digital Realty Trust Inc COMMON STOCK 253868103 5,416 41,719 SH   SOLE 0 0 0 41,719
DigitalBridge Group Inc COMMON STOCK 25401T108 473 96,932 SH   SOLE 0 0 0 96,932
Diversified Healthcare Trust COMMON STOCK 25525P107 726 399,100 SH   SOLE 0 0 0 399,100
Douglas Emmett Inc COMMON STOCK 25960P109 134 6,000 SH   SOLE 0 0 0 6,000
Duke Realty Corp COMMON STOCK 264411505 2,666 48,524 SH   SOLE 0 0 0 48,524
EPR Properties COMMON STOCK 26884U109 693 14,762 SH   SOLE 0 0 0 14,762
Empire State Realty Trust Inc COMMON STOCK 292104106 380 54,000 SH   SOLE 0 0 0 54,000
Equinix Inc COMMON STOCK 29444U700 5,495 8,364 SH   SOLE 0 0 0 8,364
Equity Residential COMMON STOCK 29476L107 3,940 54,556 SH   SOLE 0 0 0 54,556
Essential Properties Realty Trust Inc COMMON STOCK 29670E107 623 29,000 SH   SOLE 0 0 0 29,000
Essex Property Trust Inc COMMON STOCK 297178105 2,915 11,145 SH   SOLE 0 0 0 11,145
Four Corners Property Trust Inc COMMON STOCK 35086T109 771 29,000 SH   SOLE 0 0 0 29,000
Gaming and Leisure Properties Inc COMMON STOCK 36467J108 2,677 58,372 SH   SOLE 0 0 0 58,372
Global Medical REIT Inc COMMON STOCK 37954A204 460 41,000 SH   SOLE 0 0 0 41,000
Global Net Lease Inc COMMON STOCK 379378201 1,741 122,976 SH   SOLE 0 0 0 122,976
Healthcare Realty Trust Inc COMMON STOCK 421946104 1,026 37,719 SH   SOLE 0 0 0 37,719
Healthcare Trust of America Inc COMMON STOCK 42225P501 1,228 44,000 SH   SOLE 0 0 0 44,000
Healthpeak Properties Inc COMMON STOCK 42250P103 2,788 107,593 SH   SOLE 0 0 0 107,593
Hersha Hospitality Trust COMMON STOCK 427825500 392 40,000 SH   SOLE 0 0 0 40,000
Highwoods Properties Inc COMMON STOCK 431284108 1,361 39,802 SH   SOLE 0 0 0 39,802
Host Hotels and Resorts Inc COMMON STOCK 44107P104 2,179 138,998 SH   SOLE 0 0 0 138,998
Hudson Pacific Properties Inc COMMON STOCK 444097109 987 66,500 SH   SOLE 0 0 0 66,500
Independence Realty Trust Inc COMMON STOCK 45378A106 850 41,000 SH   SOLE 0 0 0 41,000
Industrial Logistics Properties Trust COMMON STOCK 456237106 1,808 128,415 SH   SOLE 0 0 0 128,415
Innovative Industrial Properties Inc COMMON STOCK 45781V101 407 3,700 SH   SOLE 0 0 0 3,700
Invitation Homes Inc COMMON STOCK 46187W107 3,569 100,310 SH   SOLE 0 0 0 100,310
Iron Mountain Inc COMMON STOCK 46284V101 2,678 55,000 SH   SOLE 0 0 0 55,000
KENNEDY-WILSON HOLDINGS INC COMMON STOCK 489398107 305 16,081 SH   SOLE 0 0 0 16,081
Kilroy Realty Corp COMMON STOCK 49427F108 471 9,000 SH   SOLE 0 0 0 9,000
Kimco Realty Corp COMMON STOCK 49446R109 212 10,731 SH   SOLE 0 0 0 10,731
Kite Realty Group Trust COMMON STOCK 49803T300 847 49,000 SH   SOLE 0 0 0 49,000
LXP Industrial Trust COMMON STOCK 529043101 2,116 197,000 SH   SOLE 0 0 0 197,000
Life Storage Inc COMMON STOCK 53223X107 2,752 24,650 SH   SOLE 0 0 0 24,650
Macerich Co/The COMMON STOCK 554382101 215 24,720 SH   SOLE 0 0 0 24,720
Medical Properties Trust Inc COMMON STOCK 58463J304 2,810 184,000 SH   SOLE 0 0 0 184,000
Mid-America Apartment Communities Inc COMMON STOCK 59522J103 3,238 18,540 SH   SOLE 0 0 0 18,540
National Health Investors Inc COMMON STOCK 63633D104 1,352 22,300 SH   SOLE 0 0 0 22,300
Office Properties Income Trust COMMON STOCK 67623C109 473 23,708 SH   SOLE 0 0 0 23,708
Omega Healthcare Investors Inc COMMON STOCK 681936100 2,509 89,000 SH   SOLE 0 0 0 89,000
Park Hotels and Resorts Inc COMMON STOCK 700517105 285 21,038 SH   SOLE 0 0 0 21,038
Pebblebrook Hotel Trust COMMON STOCK 70509V100 148 8,911 SH   SOLE 0 0 0 8,911
Physicians Realty Trust COMMON STOCK 71943U104 1,099 63,000 SH   SOLE 0 0 0 63,000
Plymouth Industrial REIT Inc COMMON STOCK 729640102 1,719 98,000 SH   SOLE 0 0 0 98,000
Power REIT COMMON STOCK 73933H101 459 36,033 SH   SOLE 0 0 0 36,033
Prologis Inc COMMON STOCK 74340W103 13,695 116,404 SH   SOLE 0 0 0 116,404
Public Storage COMMON STOCK 74460D109 6,969 22,289 SH   SOLE 0 0 0 22,289
RLJ Lodging Trust COMMON STOCK 74965L101 840 76,200 SH   SOLE 0 0 0 76,200
Realty Income Corp COMMON STOCK 756109104 5,279 77,335 SH   SOLE 0 0 0 77,335
SL Green Realty Corp COMMON STOCK 78440X887 905 19,618 SH   SOLE 0 0 0 19,618
STAG Industrial Inc COMMON STOCK 85254J102 2,251 72,880 SH   SOLE 0 0 0 72,880
STORE Capital Corp COMMON STOCK 862121100 1,982 76,000 SH   SOLE 0 0 0 76,000
Sabra Health Care REIT Inc COMMON STOCK 78573L106 1,994 142,730 SH   SOLE 0 0 0 142,730
Service Properties Trust COMMON STOCK 81761L102 447 85,434 SH   SOLE 0 0 0 85,434
Simon Property Group Inc COMMON STOCK 828806109 4,946 52,108 SH   SOLE 0 0 0 52,108
Spirit Realty Capital Inc COMMON STOCK 84860W300 2,327 61,600 SH   SOLE 0 0 0 61,600
Summit Hotel Properties Inc COMMON STOCK 866082100 502 69,000 SH   SOLE 0 0 0 69,000
Tanger Factory Outlet Centers Inc COMMON STOCK 875465106 398 28,000 SH   SOLE 0 0 0 28,000
UDR Inc COMMON STOCK 902653104 2,583 56,105 SH   SOLE 0 0 0 56,105
UMH Properties Inc COMMON STOCK 903002103 1,005 56,900 SH   SOLE 0 0 0 56,900
VICI Properties Inc COMMON STOCK 925652109 2,383 80,000 SH   SOLE 0 0 0 80,000
Ventas Inc COMMON STOCK 92276F100 3,944 76,679 SH   SOLE 0 0 0 76,679
Vornado Realty Trust COMMON STOCK 929042109 794 27,765 SH   SOLE 0 0 0 27,765
WP Carey Inc COMMON STOCK 92936U109 3,049 36,800 SH   SOLE 0 0 0 36,800
Welltower Inc COMMON STOCK 95040Q104 4,756 57,753 SH   SOLE 0 0 0 57,753