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   1,971 20,200 SH   SOLE 0 0 0 20,200
American Homes 4 Rent COMMON STOCK 02665T306   1,796 48,000 SH   SOLE 0 0 0 48,000
Apple Hospitality REIT Inc COMMON STOCK 03784Y200   768 50,000 SH   SOLE 0 0 0 50,000
AvalonBay Communities Inc COMMON STOCK 053484101   4,866 22,120 SH   SOLE 0 0 0 22,120
Boston Properties Inc COMMON STOCK 101121101   871 11,717 SH   SOLE 0 0 0 11,717
Brandywine Realty Trust COMMON STOCK 105368203   792 141,400 SH   SOLE 0 0 0 141,400
Brixmor Property Group Inc COMMON STOCK 11120U105   2,700 97,000 SH   SOLE 0 0 0 97,000
Broadstone Net Lease Inc COMMON STOCK 11135E203   1,903 120,000 SH   SOLE 0 0 0 120,000
Camden Property Trust COMMON STOCK 133131102   2,215 19,086 SH   SOLE 0 0 0 19,086
Centerspace COMMON STOCK 15202L107   945 14,280 SH   SOLE 0 0 0 14,280
Chatham Lodging Trust COMMON STOCK 16208T102   322 36,000 SH   SOLE 0 0 0 36,000
Cousins Properties Inc COMMON STOCK 222795502   1,102 35,977 SH   SOLE 0 0 0 35,977
CubeSmart COMMON STOCK 229663109   2,305 53,800 SH   SOLE 0 0 0 53,800
Digital Realty Trust Inc COMMON STOCK 253868103   8,320 46,919 SH   SOLE 0 0 0 46,919
DigitalBridge Group Inc COMMON STOCK 25401T603   161 14,233 SH   SOLE 0 0 0 14,233
EPR Properties COMMON STOCK 26884U109   1,482 33,462 SH   SOLE 0 0 0 33,462
Equinix Inc COMMON STOCK 29444U700   10,196 10,814 SH   SOLE 0 0 0 10,814
Equity Residential COMMON STOCK 29476L107   3,915 54,556 SH   SOLE 0 0 0 54,556
Essential Properties Realty Trust Inc COMMON STOCK 29670E107   2,049 65,500 SH   SOLE 0 0 0 65,500
Essex Property Trust Inc COMMON STOCK 297178105   3,196 11,195 SH   SOLE 0 0 0 11,195
Extra Space Storage Inc COMMON STOCK 30225T102   2,669 17,840 SH   SOLE 0 0 0 17,840
Four Corners Property Trust Inc COMMON STOCK 35086T109   760 28,000 SH   SOLE 0 0 0 28,000
Gaming and Leisure Properties Inc COMMON STOCK 36467J108   1,935 40,172 SH   SOLE 0 0 0 40,172
Getty Realty Corp COMMON STOCK 374297109   1,416 47,000 SH   SOLE 0 0 0 47,000
Global Medical REIT Inc COMMON STOCK 37954A204   1,019 132,000 SH   SOLE 0 0 0 132,000
Global Net Lease Inc COMMON STOCK 379378201   226 30,976 SH   SOLE 0 0 0 30,976
Healthcare Realty Trust Inc COMMON STOCK 42226K105   2,555 150,719 SH   SOLE 0 0 0 150,719
Healthpeak Properties Inc COMMON STOCK 42250P103   4,570 225,473 SH   SOLE 0 0 0 225,473
Highwoods Properties Inc COMMON STOCK 431284108   606 19,802 SH   SOLE 0 0 0 19,802
Host Hotels and Resorts Inc COMMON STOCK 44107P104   1,787 101,998 SH   SOLE 0 0 0 101,998
Hudson Pacific Properties Inc COMMON STOCK 444097109   256 84,500 SH   SOLE 0 0 0 84,500
Independence Realty Trust Inc COMMON STOCK 45378A106   1,260 63,500 SH   SOLE 0 0 0 63,500
Innovative Industrial Properties Inc COMMON STOCK 45781V101   560 8,400 SH   SOLE 0 0 0 8,400
Invitation Homes Inc COMMON STOCK 46187W107   2,753 86,110 SH   SOLE 0 0 0 86,110
Iron Mountain Inc COMMON STOCK 46284V101   4,467 42,500 SH   SOLE 0 0 0 42,500
Kilroy Realty Corp COMMON STOCK 49427F108   364 9,000 SH   SOLE 0 0 0 9,000
Kimco Realty Corp COMMON STOCK 49446R109   720 30,731 SH   SOLE 0 0 0 30,731
Kite Realty Group Trust COMMON STOCK 49803T300   1,729 68,500 SH   SOLE 0 0 0 68,500
LXP Industrial Trust COMMON STOCK 529043101   1,315 162,000 SH   SOLE 0 0 0 162,000
Lamar Advertising Co COMMON STOCK 512816109   998 8,200 SH   SOLE 0 0 0 8,200
Macerich Co/The COMMON STOCK 554382101   492 24,720 SH   SOLE 0 0 0 24,720
Medical Properties Trust Inc COMMON STOCK 58463J304   936 237,000 SH   SOLE 0 0 0 237,000
Mid-America Apartment Communities Inc COMMON STOCK 59522J103   3,144 20,340 SH   SOLE 0 0 0 20,340
National Health Investors Inc COMMON STOCK 63633D104   554 8,000 SH   SOLE 0 0 0 8,000
National Retail Properties Inc COMMON STOCK 637417106   1,887 46,200 SH   SOLE 0 0 0 46,200
National Storage Affiliates Trust COMMON STOCK 637870106   599 15,800 SH   SOLE 0 0 0 15,800
Omega Healthcare Investors Inc COMMON STOCK 681936100   2,536 67,000 SH   SOLE 0 0 0 67,000
Park Hotels and Resorts Inc COMMON STOCK 700517105   732 52,038 SH   SOLE 0 0 0 52,038
Pebblebrook Hotel Trust COMMON STOCK 70509V100   121 8,911 SH   SOLE 0 0 0 8,911
Plymouth Industrial REIT Inc COMMON STOCK 729640102   1,477 83,000 SH   SOLE 0 0 0 83,000
Power REIT COMMON STOCK 73933H101   104 78,526 SH   SOLE 0 0 0 78,526
Prologis Inc COMMON STOCK 74340W103   13,144 124,353 SH   SOLE 0 0 0 124,353
Public Storage COMMON STOCK 74460D109   6,944 23,189 SH   SOLE 0 0 0 23,189
RLJ Lodging Trust COMMON STOCK 74965L101   707 69,200 SH   SOLE 0 0 0 69,200
Realty Income Corp COMMON STOCK 756109104   7,524 140,870 SH   SOLE 0 0 0 140,870
SITE Centers Corp COMMON STOCK 82981J851   115 7,500 SH   SOLE 0 0 0 7,500
STAG Industrial Inc COMMON STOCK 85254J102   1,991 58,880 SH   SOLE 0 0 0 58,880
Sabra Health Care REIT Inc COMMON STOCK 78573L106   2,091 120,730 SH   SOLE 0 0 0 120,730
Simon Property Group Inc COMMON STOCK 828806109   7,699 44,708 SH   SOLE 0 0 0 44,708
Spirit Realty Capital Inc COMMON STOCK 84860W300   0 0 SH   SOLE 0 0 0 0
Summit Hotel Properties Inc COMMON STOCK 866082100   473 69,000 SH   SOLE 0 0 0 69,000
TANGER INC COMMON STOCK 875465106   887 26,000 SH   SOLE 0 0 0 26,000
UDR Inc COMMON STOCK 902653104   2,414 55,605 SH   SOLE 0 0 0 55,605
UMH Properties Inc COMMON STOCK 903002103   904 47,900 SH   SOLE 0 0 0 47,900
VICI Properties Inc COMMON STOCK 925652109   5,433 186,000 SH   SOLE 0 0 0 186,000
Ventas Inc COMMON STOCK 92276F100   3,986 67,679 SH   SOLE 0 0 0 67,679
Vornado Realty Trust COMMON STOCK 929042109   768 18,265 SH   SOLE 0 0 0 18,265
WP Carey Inc COMMON STOCK 92936U109   2,795 51,300 SH   SOLE 0 0 0 51,300
Welltower Inc COMMON STOCK 95040Q104   6,648 52,753 SH   SOLE 0 0 0 52,753