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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Alexandria Real Estate Equities Inc COMMON STOCK 015271109   2,349 18,700 SH   SOLE 0 0 0 18,700
American Homes 4 Rent COMMON STOCK 02665T306   1,352 43,000 SH   SOLE 0 0 0 43,000
Apartment Income REIT Corp COMMON STOCK 03750L109   1,662 46,422 SH   SOLE 0 0 0 46,422
Apple Hospitality REIT Inc COMMON STOCK 03784Y200   776 50,000 SH   SOLE 0 0 0 50,000
AvalonBay Communities Inc COMMON STOCK 053484101   4,087 24,320 SH   SOLE 0 0 0 24,320
Boston Properties Inc COMMON STOCK 101121101   742 13,717 SH   SOLE 0 0 0 13,717
Brandywine Realty Trust COMMON STOCK 105368203   811 171,400 SH   SOLE 0 0 0 171,400
Brixmor Property Group Inc COMMON STOCK 11120U105   2,152 100,000 SH   SOLE 0 0 0 100,000
Broadstone Net Lease Inc COMMON STOCK 11135E203   1,480 87,000 SH   SOLE 0 0 0 87,000
Camden Property Trust COMMON STOCK 133131102   2,347 22,386 SH   SOLE 0 0 0 22,386
Centerspace COMMON STOCK 15202L107   835 15,280 SH   SOLE 0 0 0 15,280
Chatham Lodging Trust COMMON STOCK 16208T102   378 36,000 SH   SOLE 0 0 0 36,000
Cousins Properties Inc COMMON STOCK 222795502   940 43,977 SH   SOLE 0 0 0 43,977
CubeSmart COMMON STOCK 229663109   2,718 58,800 SH   SOLE 0 0 0 58,800
Digital Realty Trust Inc COMMON STOCK 253868103   4,259 43,319 SH   SOLE 0 0 0 43,319
DigitalBridge Group Inc COMMON STOCK 25401T603   171 14,233 SH   SOLE 0 0 0 14,233
Diversified Healthcare Trust COMMON STOCK 25525P107   539 399,100 SH   SOLE 0 0 0 399,100
Douglas Emmett Inc COMMON STOCK 25960P109   74 6,000 SH   SOLE 0 0 0 6,000
EPR Properties COMMON STOCK 26884U109   867 22,762 SH   SOLE 0 0 0 22,762
Equinix Inc COMMON STOCK 29444U700   6,463 8,964 SH   SOLE 0 0 0 8,964
Equity Residential COMMON STOCK 29476L107   3,633 60,556 SH   SOLE 0 0 0 60,556
Essential Properties Realty Trust Inc COMMON STOCK 29670E107   1,479 59,500 SH   SOLE 0 0 0 59,500
Essex Property Trust Inc COMMON STOCK 297178105   2,655 12,695 SH   SOLE 0 0 0 12,695
Four Corners Property Trust Inc COMMON STOCK 35086T109   645 24,000 SH   SOLE 0 0 0 24,000
Gaming and Leisure Properties Inc COMMON STOCK 36467J108   2,643 50,772 SH   SOLE 0 0 0 50,772
Getty Realty Corp COMMON STOCK 374297109   1,045 29,000 SH   SOLE 0 0 0 29,000
Global Medical REIT Inc COMMON STOCK 37954A204   1,157 127,000 SH   SOLE 0 0 0 127,000
Global Net Lease Inc COMMON STOCK 379378201   784 60,976 SH   SOLE 0 0 0 60,976
Healthcare Realty Trust Inc COMMON STOCK 42226K105   2,797 144,719 SH   SOLE 0 0 0 144,719
Healthpeak Properties Inc COMMON STOCK 42250P103   3,177 144,593 SH   SOLE 0 0 0 144,593
Hersha Hospitality Trust COMMON STOCK 427825500   269 40,000 SH   SOLE 0 0 0 40,000
Highwoods Properties Inc COMMON STOCK 431284108   691 29,802 SH   SOLE 0 0 0 29,802
Host Hotels and Resorts Inc COMMON STOCK 44107P104   2,292 138,998 SH   SOLE 0 0 0 138,998
Hudson Pacific Properties Inc COMMON STOCK 444097109   562 84,500 SH   SOLE 0 0 0 84,500
Independence Realty Trust Inc COMMON STOCK 45378A106   545 34,000 SH   SOLE 0 0 0 34,000
Industrial Logistics Properties Trust COMMON STOCK 456237106   523 170,415 SH   SOLE 0 0 0 170,415
Innovative Industrial Properties Inc COMMON STOCK 45781V101   669 8,800 SH   SOLE 0 0 0 8,800
Invitation Homes Inc COMMON STOCK 46187W107   2,742 87,810 SH   SOLE 0 0 0 87,810
Iron Mountain Inc COMMON STOCK 46284V101   3,042 57,500 SH   SOLE 0 0 0 57,500
Kilroy Realty Corp COMMON STOCK 49427F108   292 9,000 SH   SOLE 0 0 0 9,000
Kimco Realty Corp COMMON STOCK 49446R109   210 10,731 SH   SOLE 0 0 0 10,731
Kite Realty Group Trust COMMON STOCK 49803T300   1,559 74,500 SH   SOLE 0 0 0 74,500
LXP Industrial Trust COMMON STOCK 529043101   2,237 217,000 SH   SOLE 0 0 0 217,000
Life Storage Inc COMMON STOCK 53223X107   2,759 21,050 SH   SOLE 0 0 0 21,050
Macerich Co/The COMMON STOCK 554382101   262 24,720 SH   SOLE 0 0 0 24,720
Medical Properties Trust Inc COMMON STOCK 58463J304   2,261 275,000 SH   SOLE 0 0 0 275,000
Mid-America Apartment Communities Inc COMMON STOCK 59522J103   2,800 18,540 SH   SOLE 0 0 0 18,540
National Health Investors Inc COMMON STOCK 63633D104   995 19,300 SH   SOLE 0 0 0 19,300
National Storage Affiliates Trust COMMON STOCK 637870106   1,517 36,300 SH   SOLE 0 0 0 36,300
Omega Healthcare Investors Inc COMMON STOCK 681936100   1,727 63,000 SH   SOLE 0 0 0 63,000
Park Hotels and Resorts Inc COMMON STOCK 700517105   161 13,038 SH   SOLE 0 0 0 13,038
Pebblebrook Hotel Trust COMMON STOCK 70509V100   125 8,911 SH   SOLE 0 0 0 8,911
Physicians Realty Trust COMMON STOCK 71943U104   1,418 95,000 SH   SOLE 0 0 0 95,000
Plymouth Industrial REIT Inc COMMON STOCK 729640102   2,059 98,000 SH   SOLE 0 0 0 98,000
Power REIT COMMON STOCK 73933H101   279 74,563 SH   SOLE 0 0 0 74,563
Prologis Inc COMMON STOCK 74340W103   16,988 136,153 SH   SOLE 0 0 0 136,153
Public Storage COMMON STOCK 74460D109   7,188 23,789 SH   SOLE 0 0 0 23,789
RLJ Lodging Trust COMMON STOCK 74965L101   808 76,200 SH   SOLE 0 0 0 76,200
Realty Income Corp COMMON STOCK 756109104   4,897 77,335 SH   SOLE 0 0 0 77,335
SL Green Realty Corp COMMON STOCK 78440X887   461 19,618 SH   SOLE 0 0 0 19,618
STAG Industrial Inc COMMON STOCK 85254J102   2,600 76,880 SH   SOLE 0 0 0 76,880
Sabra Health Care REIT Inc COMMON STOCK 78573L106   1,871 162,730 SH   SOLE 0 0 0 162,730
Simon Property Group Inc COMMON STOCK 828806109   5,835 52,108 SH   SOLE 0 0 0 52,108
Spirit Realty Capital Inc COMMON STOCK 84860W300   2,693 67,600 SH   SOLE 0 0 0 67,600
Summit Hotel Properties Inc COMMON STOCK 866082100   483 69,000 SH   SOLE 0 0 0 69,000
Tanger Factory Outlet Centers Inc COMMON STOCK 875465106   550 28,000 SH   SOLE 0 0 0 28,000
UDR Inc COMMON STOCK 902653104   2,304 56,105 SH   SOLE 0 0 0 56,105
UMH Properties Inc COMMON STOCK 903002103   812 54,900 SH   SOLE 0 0 0 54,900
VICI Properties Inc COMMON STOCK 925652109   2,740 84,000 SH   SOLE 0 0 0 84,000
Ventas Inc COMMON STOCK 92276F100   3,324 76,679 SH   SOLE 0 0 0 76,679
Vornado Realty Trust COMMON STOCK 929042109   350 22,765 SH   SOLE 0 0 0 22,765
WP Carey Inc COMMON STOCK 92936U109   2,850 36,800 SH   SOLE 0 0 0 36,800
Welltower Inc COMMON STOCK 95040Q104   3,997 55,753 SH   SOLE 0 0 0 55,753