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 2,481 17,700 SH   SOLE 0 0 0 17,700
American Homes 4 Rent COMMON STOCK 02665T306 1,411 43,000 SH   SOLE 0 0 0 43,000
Apartment Income REIT Corp COMMON STOCK 03750L109 1,677 43,422 SH   SOLE 0 0 0 43,422
Apple Hospitality REIT Inc COMMON STOCK 03784Y200 703 50,000 SH   SOLE 0 0 0 50,000
AvalonBay Communities Inc COMMON STOCK 053484101 4,222 22,920 SH   SOLE 0 0 0 22,920
Boston Properties Inc COMMON STOCK 101121101 1,028 13,717 SH   SOLE 0 0 0 13,717
Brandywine Realty Trust COMMON STOCK 105368203 1,157 171,400 SH   SOLE 0 0 0 171,400
Brixmor Property Group Inc COMMON STOCK 11120U105 2,087 113,000 SH   SOLE 0 0 0 113,000
Camden Property Trust COMMON STOCK 133131102 2,435 20,386 SH   SOLE 0 0 0 20,386
Centerspace COMMON STOCK 15202L107 1,029 15,280 SH   SOLE 0 0 0 15,280
Chatham Lodging Trust COMMON STOCK 16208T102 355 36,000 SH   SOLE 0 0 0 36,000
Corporate Office Properties Trust COMMON STOCK 22002T108 348 15,000 SH   SOLE 0 0 0 15,000
Cousins Properties Inc COMMON STOCK 222795502 1,027 43,977 SH   SOLE 0 0 0 43,977
CubeSmart COMMON STOCK 229663109 2,356 58,800 SH   SOLE 0 0 0 58,800
Digital Realty Trust Inc COMMON STOCK 253868103 4,039 40,719 SH   SOLE 0 0 0 40,719
DigitalBridge Group Inc COMMON STOCK 25401T603 303 24,233 SH   SOLE 0 0 0 24,233
Diversified Healthcare Trust COMMON STOCK 25525P107 395 399,100 SH   SOLE 0 0 0 399,100
Douglas Emmett Inc COMMON STOCK 25960P109 108 6,000 SH   SOLE 0 0 0 6,000
Duke Realty Corp COMMON STOCK 264411505 2,339 48,524 SH   SOLE 0 0 0 48,524
EPR Properties COMMON STOCK 26884U109 619 17,262 SH   SOLE 0 0 0 17,262
Empire State Realty Trust Inc COMMON STOCK 292104106 105 16,000 SH   SOLE 0 0 0 16,000
Equinix Inc COMMON STOCK 29444U700 4,758 8,364 SH   SOLE 0 0 0 8,364
Equity Residential COMMON STOCK 29476L107 3,533 52,556 SH   SOLE 0 0 0 52,556
Essential Properties Realty Trust Inc COMMON STOCK 29670E107 1,021 52,500 SH   SOLE 0 0 0 52,500
Essex Property Trust Inc COMMON STOCK 297178105 2,700 11,145 SH   SOLE 0 0 0 11,145
Four Corners Property Trust Inc COMMON STOCK 35086T109 581 24,000 SH   SOLE 0 0 0 24,000
Gaming and Leisure Properties Inc COMMON STOCK 36467J108 2,158 48,772 SH   SOLE 0 0 0 48,772
Getty Realty Corp COMMON STOCK 374297109 672 25,000 SH   SOLE 0 0 0 25,000
Global Medical REIT Inc COMMON STOCK 37954A204 878 103,000 SH   SOLE 0 0 0 103,000
Global Net Lease Inc COMMON STOCK 379378201 1,075 100,976 SH   SOLE 0 0 0 100,976
Healthcare Realty Trust Inc COMMON STOCK 42226K105 1,912 91,719 SH   SOLE 0 0 0 91,719
Healthpeak Properties Inc COMMON STOCK 42250P103 2,672 116,593 SH   SOLE 0 0 0 116,593
Hersha Hospitality Trust COMMON STOCK 427825500 319 40,000 SH   SOLE 0 0 0 40,000
Highwoods Properties Inc COMMON STOCK 431284108 803 29,802 SH   SOLE 0 0 0 29,802
Host Hotels and Resorts Inc COMMON STOCK 44107P104 2,207 138,998 SH   SOLE 0 0 0 138,998
Hudson Pacific Properties Inc COMMON STOCK 444097109 925 84,500 SH   SOLE 0 0 0 84,500
Independence Realty Trust Inc COMMON STOCK 45378A106 569 34,000 SH   SOLE 0 0 0 34,000
Industrial Logistics Properties Trust COMMON STOCK 456237106 827 150,415 SH   SOLE 0 0 0 150,415
Innovative Industrial Properties Inc COMMON STOCK 45781V101 991 11,200 SH   SOLE 0 0 0 11,200
Invitation Homes Inc COMMON STOCK 46187W107 2,965 87,810 SH   SOLE 0 0 0 87,810
Iron Mountain Inc COMMON STOCK 46284V101 2,418 55,000 SH   SOLE 0 0 0 55,000
KENNEDY-WILSON HOLDINGS INC COMMON STOCK 489398107 125 8,081 SH   SOLE 0 0 0 8,081
Kilroy Realty Corp COMMON STOCK 49427F108 379 9,000 SH   SOLE 0 0 0 9,000
Kimco Realty Corp COMMON STOCK 49446R109 198 10,731 SH   SOLE 0 0 0 10,731
Kite Realty Group Trust COMMON STOCK 49803T300 1,197 69,500 SH   SOLE 0 0 0 69,500
LXP Industrial Trust COMMON STOCK 529043101 1,896 207,000 SH   SOLE 0 0 0 207,000
Life Storage Inc COMMON STOCK 53223X107 2,597 23,450 SH   SOLE 0 0 0 23,450
Macerich Co/The COMMON STOCK 554382101 196 24,720 SH   SOLE 0 0 0 24,720
Medical Properties Trust Inc COMMON STOCK 58463J304 2,669 225,000 SH   SOLE 0 0 0 225,000
Mid-America Apartment Communities Inc COMMON STOCK 59522J103 2,875 18,540 SH   SOLE 0 0 0 18,540
National Health Investors Inc COMMON STOCK 63633D104 678 12,000 SH   SOLE 0 0 0 12,000
National Storage Affiliates Trust COMMON STOCK 637870106 886 21,300 SH   SOLE 0 0 0 21,300
Office Properties Income Trust COMMON STOCK 67623C109 333 23,708 SH   SOLE 0 0 0 23,708
Omega Healthcare Investors Inc COMMON STOCK 681936100 2,477 84,000 SH   SOLE 0 0 0 84,000
Park Hotels and Resorts Inc COMMON STOCK 700517105 237 21,038 SH   SOLE 0 0 0 21,038
Pebblebrook Hotel Trust COMMON STOCK 70509V100 129 8,911 SH   SOLE 0 0 0 8,911
Physicians Realty Trust COMMON STOCK 71943U104 827 55,000 SH   SOLE 0 0 0 55,000
Plymouth Industrial REIT Inc COMMON STOCK 729640102 1,647 98,000 SH   SOLE 0 0 0 98,000
Power REIT COMMON STOCK 73933H101 384 36,033 SH   SOLE 0 0 0 36,033
Prologis Inc COMMON STOCK 74340W103 11,695 115,104 SH   SOLE 0 0 0 115,104
Public Storage COMMON STOCK 74460D109 6,526 22,289 SH   SOLE 0 0 0 22,289
RLJ Lodging Trust COMMON STOCK 74965L101 771 76,200 SH   SOLE 0 0 0 76,200
Realty Income Corp COMMON STOCK 756109104 4,501 77,335 SH   SOLE 0 0 0 77,335
SL Green Realty Corp COMMON STOCK 78440X887 788 19,618 SH   SOLE 0 0 0 19,618
STAG Industrial Inc COMMON STOCK 85254J102 2,186 76,880 SH   SOLE 0 0 0 76,880
STORE Capital Corp COMMON STOCK 862121100 2,506 80,000 SH   SOLE 0 0 0 80,000
Sabra Health Care REIT Inc COMMON STOCK 78573L106 1,741 132,730 SH   SOLE 0 0 0 132,730
Service Properties Trust COMMON STOCK 81761L102 443 85,434 SH   SOLE 0 0 0 85,434
Simon Property Group Inc COMMON STOCK 828806109 4,677 52,108 SH   SOLE 0 0 0 52,108
Spirit Realty Capital Inc COMMON STOCK 84860W300 2,354 65,100 SH   SOLE 0 0 0 65,100
Summit Hotel Properties Inc COMMON STOCK 866082100 464 69,000 SH   SOLE 0 0 0 69,000
Tanger Factory Outlet Centers Inc COMMON STOCK 875465106 383 28,000 SH   SOLE 0 0 0 28,000
UDR Inc COMMON STOCK 902653104 2,340 56,105 SH   SOLE 0 0 0 56,105
UMH Properties Inc COMMON STOCK 903002103 1,016 62,900 SH   SOLE 0 0 0 62,900
VICI Properties Inc COMMON STOCK 925652109 2,388 80,000 SH   SOLE 0 0 0 80,000
Ventas Inc COMMON STOCK 92276F100 3,080 76,679 SH   SOLE 0 0 0 76,679
Vornado Realty Trust COMMON STOCK 929042109 527 22,765 SH   SOLE 0 0 0 22,765
WP Carey Inc COMMON STOCK 92936U109 2,569 36,800 SH   SOLE 0 0 0 36,800
Welltower Inc COMMON STOCK 95040Q104 3,715 57,753 SH   SOLE 0 0 0 57,753