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        <isRestrictedSec>N</isRestrictedSec>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sabra Health Care REIT Inc</name>
        <lei>549300E3BC7GU7TAZ621</lei>
        <title>Sabra Health Care REIT Inc</title>
        <cusip>78573L106</cusip>
        <identifiers>
          <isin value="US78573L1061"/>
          <ticker value="SBRA"/>
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        <balance>6608.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>141014.72000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Summit Hotel Properties Inc</name>
        <lei>N/A</lei>
        <title>Summit Hotel Properties Inc</title>
        <cusip>866082100</cusip>
        <identifiers>
          <isin value="US8660821005"/>
          <ticker value="INN"/>
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        <balance>3542.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>43708.28000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Hansteen Holdings PLC</name>
        <lei>2138007274QQL9KBWY58</lei>
        <title>Hansteen Holdings PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B0PPFY88"/>
          <ticker value="HSTN"/>
          <other otherDesc="SEDOL" value="B0PPFY8"/>
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        <balance>14351.00000000</balance>
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        <valUSD>22127.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Entra ASA</name>
        <lei>549300APU14LQKTYCH34</lei>
        <title>Entra ASA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NO0010716418"/>
          <ticker value="ENTRA"/>
          <other otherDesc="SEDOL" value="BRJ2VC4"/>
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        <balance>5768.00000000</balance>
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        <currencyConditional curCd="NOK" exchangeRt="8.77930000"/>
        <valUSD>95265.00000000</valUSD>
        <pctVal>0.164309415956</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fukuoka REIT Corp</name>
        <lei>N/A</lei>
        <title>Fukuoka REIT Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3046240002"/>
          <ticker value="8968"/>
          <other otherDesc="SEDOL" value="B0B8154"/>
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        <balance>25.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="108.65500000"/>
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        <pctVal>0.073416065237</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CubeSmart</name>
        <lei>N/A</lei>
        <title>CubeSmart</title>
        <cusip>229663109</cusip>
        <identifiers>
          <isin value="US2296631094"/>
          <ticker value="CUBE"/>
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        <balance>6607.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>207988.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CareTrust REIT Inc</name>
        <lei>5493001NVXE2B9GPLU96</lei>
        <title>CareTrust REIT Inc</title>
        <cusip>14174T107</cusip>
        <identifiers>
          <isin value="US14174T1079"/>
          <ticker value="CTRE"/>
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        <balance>3267.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>67398.21000000</valUSD>
        <pctVal>0.116245846025</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Cromwell Property Group</name>
        <lei>N/A</lei>
        <title>Cromwell Property Group</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000CMW8"/>
          <ticker value="CMW"/>
          <other otherDesc="SEDOL" value="6225476"/>
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        <balance>82370.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.42501000"/>
        <valUSD>67918.65000000</valUSD>
        <pctVal>0.117143480964</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CDL Hospitality Trusts</name>
        <lei>N/A</lei>
        <title>CDL Hospitality Trusts</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1T66931158"/>
          <ticker value="CDREIT"/>
          <other otherDesc="SEDOL" value="B192HG8"/>
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        <balance>27000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.34495000"/>
        <valUSD>32521.66000000</valUSD>
        <pctVal>0.056092111064</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NewRiver REIT PLC</name>
        <lei>2138004GX1VAUMH66L31</lei>
        <title>NewRiver REIT PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BD7XPJ64"/>
          <ticker value="NRR"/>
          <other otherDesc="SEDOL" value="BD7XPJ6"/>
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        <balance>10372.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75494000"/>
        <valUSD>27546.37000000</valUSD>
        <pctVal>0.047510921811</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Global Net Lease Inc</name>
        <lei>549300NUYANCT5SU8Z65</lei>
        <title>Global Net Lease Inc</title>
        <cusip>379378201</cusip>
        <identifiers>
          <isin value="US3793782018"/>
          <ticker value="GNL"/>
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        <balance>3081.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>62482.68000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mapletree Industrial Trust</name>
        <lei>549300R7WZFHXNKDJF41</lei>
        <title>Mapletree Industrial Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG2C32962814"/>
          <ticker value="MINT"/>
          <other otherDesc="SEDOL" value="B4LR5Q8"/>
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        <balance>52900.00000000</balance>
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        <currencyConditional curCd="SGD" exchangeRt="1.34495000"/>
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        <pctVal>0.176381057046</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Triple Point Social Housing Re</name>
        <lei>213800BERVBS2HFTBC58</lei>
        <title>Triple Point Social Housing Reit PLC</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BF0P7H59"/>
          <ticker value="SOHO"/>
          <other otherDesc="SEDOL" value="BF0P7H5"/>
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        <balance>10972.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75494000"/>
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        <pctVal>0.022560295963</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Eurocommercial Properties NV</name>
        <lei>724500SFK53FPNM68L95</lei>
        <title>Eurocommercial Properties NV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0000288876"/>
          <ticker value="ECMPA"/>
          <other otherDesc="SEDOL" value="4798271"/>
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        <balance>1659.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.89150000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Wereldhave Belgium Comm VA</name>
        <lei>549300WKEX26S4CUA403</lei>
        <title>Wereldhave Belgium Comm VA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BE0003724383"/>
          <ticker value="WEHB"/>
          <other otherDesc="SEDOL" value="5483822"/>
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        <balance>82.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.89150000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fortune Real Estate Investment</name>
        <lei>N/A</lei>
        <title>Fortune Real Estate Investment Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1O33912138"/>
          <ticker value="778"/>
          <other otherDesc="SEDOL" value="B5T50H7"/>
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        <balance>46269.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.79230000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Summit Industrial Income REIT</name>
        <lei>2549002JNRHTJ9H0MR86</lei>
        <title>Summit Industrial Income REIT</title>
        <cusip>866120116</cusip>
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          <isin value="CA8661201167"/>
          <ticker value="SMU-U"/>
          <other otherDesc="SEDOL" value="B928VJ0"/>
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        <balance>3549.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dios Fastigheter AB</name>
        <lei>549300G3VF7LZQ9IW435</lei>
        <title>Dios Fastigheter AB</title>
        <cusip>000000000</cusip>
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          <isin value="SE0001634262"/>
          <ticker value="DIOS"/>
          <other otherDesc="SEDOL" value="B1323T9"/>
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        <balance>2902.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Workspace Group PLC</name>
        <lei>2138003GUZRFIN3UT430</lei>
        <title>Workspace Group PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B67G5X01"/>
          <ticker value="WKP"/>
          <other otherDesc="SEDOL" value="B67G5X0"/>
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        <balance>4583.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Invesco Office J-Reit Inc</name>
        <lei>353800L26AROSFHOI265</lei>
        <title>Invesco Office J-Reit Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3047760008"/>
          <ticker value="3298"/>
          <other otherDesc="SEDOL" value="BMBL9L9"/>
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        <balance>300.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="108.65500000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Host Hotels &amp; Resorts Inc</name>
        <lei>N6EL63S0K3PB1YFTDI24</lei>
        <title>Host Hotels &amp; Resorts Inc</title>
        <cusip>44107P104</cusip>
        <identifiers>
          <isin value="US44107P1049"/>
          <ticker value="HST"/>
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        <balance>24467.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>453862.85000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Park Hotels &amp; Resorts Inc</name>
        <lei>5493005UZ5TQN0H6HS73</lei>
        <title>Park Hotels &amp; Resorts Inc</title>
        <cusip>700517105</cusip>
        <identifiers>
          <isin value="US7005171050"/>
          <ticker value="PK"/>
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        <balance>8203.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>212211.61000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Medical Properties Trust Inc</name>
        <lei>254900U6E39J1MQCCY14</lei>
        <title>Medical Properties Trust Inc</title>
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          <isin value="US58463J3041"/>
          <ticker value="MPW"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>Simon Property Group Inc</name>
        <lei>529900GQL5X8H7AO3T64</lei>
        <title>Simon Property Group Inc</title>
        <cusip>828806109</cusip>
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          <isin value="US8288061091"/>
          <ticker value="SPG"/>
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        <balance>10588.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>AvalonBay Communities Inc</name>
        <lei>K9G90K85RBWD2LAGQX17</lei>
        <title>AvalonBay Communities Inc</title>
        <cusip>053484101</cusip>
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          <isin value="US0534841012"/>
          <ticker value="AVB"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Columbia Property Trust Inc</name>
        <lei>549300J5GYF2C9BGCC39</lei>
        <title>Columbia Property Trust Inc</title>
        <cusip>198287203</cusip>
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          <isin value="US1982872038"/>
          <ticker value="CXP"/>
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        <balance>4004.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Retail Value Inc</name>
        <lei>549300VO5RB7323N1Z31</lei>
        <title>Retail Value Inc</title>
        <cusip>76133Q102</cusip>
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          <isin value="US76133Q1022"/>
          <ticker value="RVI"/>
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        <balance>510.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>18768.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNITE Group PLC/The</name>
        <lei>213800BBUUWVDH9YI827</lei>
        <title>UNITE Group PLC/The</title>
        <cusip>000000000</cusip>
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          <isin value="GB0006928617"/>
          <ticker value="UTG"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>STAG Industrial Inc</name>
        <lei>549300QWYX2W6FASVQ07</lei>
        <title>STAG Industrial Inc</title>
        <cusip>85254J102</cusip>
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          <isin value="US85254J1025"/>
          <ticker value="STAG"/>
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        <balance>4580.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>144590.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Americold Realty Trust</name>
        <lei>549300R7N1V5YV8MWH02</lei>
        <title>Americold Realty Trust</title>
        <cusip>03064D108</cusip>
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          <isin value="US03064D1081"/>
          <ticker value="COLD"/>
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        <balance>6589.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>231010.34000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Seritage Growth Properties</name>
        <lei>5493003CJFC2MM82WB25</lei>
        <title>Seritage Growth Properties</title>
        <cusip>81752R100</cusip>
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          <isin value="US81752R1005"/>
          <ticker value="SRG"/>
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        <balance>1154.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>46252.32000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Healthcare Trust of America In</name>
        <lei>549300L0I14L7I0VLX84</lei>
        <title>Healthcare Trust of America Inc</title>
        <cusip>42225P501</cusip>
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          <isin value="US42225P5017"/>
          <ticker value="HTA"/>
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        <balance>7079.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>214352.12000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Agree Realty Corp</name>
        <lei>N/A</lei>
        <title>Agree Realty Corp</title>
        <cusip>008492100</cusip>
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          <isin value="US0084921008"/>
          <ticker value="ADC"/>
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        <balance>1419.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>99571.23000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kimco Realty Corp</name>
        <lei>549300EA7I6T15IBYS12</lei>
        <title>Kimco Realty Corp</title>
        <cusip>49446R109</cusip>
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          <isin value="US49446R1095"/>
          <ticker value="KIM"/>
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        <balance>13887.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>287599.77000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Urstadt Biddle Properties Inc</name>
        <lei>549300XXD0YL0AER3Z82</lei>
        <title>Urstadt Biddle Properties Inc</title>
        <cusip>917286205</cusip>
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          <isin value="US9172862057"/>
          <ticker value="UBA"/>
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        <balance>1012.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25138.08000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>Welltower Inc</name>
        <lei>T6IZ0MBEG5ACZDTR7D06</lei>
        <title>Welltower Inc</title>
        <cusip>95040Q104</cusip>
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          <isin value="US95040Q1040"/>
          <ticker value="WELL"/>
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        <balance>13955.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Dexus</name>
        <lei>N/A</lei>
        <title>Dexus</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000DXS1"/>
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          <other otherDesc="SEDOL" value="B033YN6"/>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Citycon Oyj</name>
        <lei>549300P8N0P6KDGTJ206</lei>
        <title>Citycon Oyj</title>
        <cusip>000000000</cusip>
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          <isin value="FI4000369947"/>
          <ticker value="CTY1S"/>
          <other otherDesc="SEDOL" value="BHWV281"/>
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        <assetCat>EC</assetCat>
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        <invCountry>FI</invCountry>
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      <invstOrSec>
        <name>Empire State Realty Trust Inc</name>
        <lei>549300VOKY1DUEQSB456</lei>
        <title>Empire State Realty Trust Inc</title>
        <cusip>292104106</cusip>
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          <isin value="US2921041065"/>
          <ticker value="ESRT"/>
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        <assetCat>EC</assetCat>
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        <name>American Campus Communities In</name>
        <lei>529900MR3ZXRO3W6UX26</lei>
        <title>American Campus Communities Inc</title>
        <cusip>024835100</cusip>
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          <isin value="US0248351001"/>
          <ticker value="ACC"/>
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        <assetCat>EC</assetCat>
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        <name>WP Carey Inc</name>
        <lei>54930042CRNE713E3Q67</lei>
        <title>WP Carey Inc</title>
        <cusip>92936U109</cusip>
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          <isin value="US92936U1097"/>
          <ticker value="WPC"/>
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        <balance>5881.00000000</balance>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Apartment Investment &amp; Managem</name>
        <lei>549300O8FT5GJ4RU1D57</lei>
        <title>Apartment Investment &amp; Management Co</title>
        <cusip>03748R754</cusip>
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          <isin value="US03748R7540"/>
          <ticker value="AIV"/>
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        <balance>5082.00000000</balance>
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        <valUSD>262485.30000000</valUSD>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Innovative Industrial Properti</name>
        <lei>5493008BQ0545EZXRR30</lei>
        <title>Innovative Industrial Properties Inc</title>
        <cusip>45781V101</cusip>
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          <isin value="US45781V1017"/>
          <ticker value="IIPR"/>
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        <balance>388.00000000</balance>
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        <valUSD>29437.56000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Japan Excellent Inc</name>
        <lei>N/A</lei>
        <title>Japan Excellent Inc</title>
        <cusip>000000000</cusip>
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          <isin value="JP3046420000"/>
          <ticker value="8987"/>
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        <balance>41.00000000</balance>
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        <invCountry>JP</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Activia Properties Inc</name>
        <lei>353800RPGYN3ML8CXV54</lei>
        <title>Activia Properties Inc</title>
        <cusip>000000000</cusip>
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          <isin value="JP3047490002"/>
          <ticker value="3279"/>
          <other otherDesc="SEDOL" value="B8BSRY1"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ichigo Office REIT Investment</name>
        <lei>N/A</lei>
        <title>Ichigo Office REIT Investment</title>
        <cusip>000000000</cusip>
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          <isin value="JP3046300004"/>
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          <other otherDesc="SEDOL" value="B0LNCF6"/>
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        <balance>41.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Japan Logistics Fund Inc</name>
        <lei>3538004KZWISCQO70151</lei>
        <title>Japan Logistics Fund Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3046230003"/>
          <ticker value="8967"/>
          <other otherDesc="SEDOL" value="B07NL19"/>
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        <balance>30.00000000</balance>
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        <pctVal>0.131958424405</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Vonovia SE</name>
        <lei>5299005A2ZEP6AP7KM81</lei>
        <title>Vonovia SE</title>
        <cusip>000000000</cusip>
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          <isin value="DE000A1ML7J1"/>
          <ticker value="VNA"/>
          <other otherDesc="SEDOL" value="BBJPFY1"/>
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        <balance>18715.00000000</balance>
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        <pctVal>1.737956100536</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Scentre Group</name>
        <lei>N/A</lei>
        <title>Scentre Group</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000SCG8"/>
          <ticker value="SCG"/>
          <other otherDesc="SEDOL" value="BLZH0Z7"/>
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        <balance>181156.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Xenia Hotels &amp; Resorts Inc</name>
        <lei>54930075IWIPHF5IQL62</lei>
        <title>Xenia Hotels &amp; Resorts Inc</title>
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          <isin value="US9840171030"/>
          <ticker value="XHR"/>
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        <balance>3879.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>83825.19000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Monmouth Real Estate Investmen</name>
        <lei>549300DFIUDCN3KVN260</lei>
        <title>Monmouth Real Estate Investment Corp</title>
        <cusip>609720107</cusip>
        <identifiers>
          <isin value="US6097201072"/>
          <ticker value="MNR"/>
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        <balance>3162.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>45785.76000000</valUSD>
        <pctVal>0.078969521699</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GLP J-Reit</name>
        <lei>353800E27V9KA51K2I90</lei>
        <title>GLP J-Reit</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3047510007"/>
          <ticker value="3281"/>
          <other otherDesc="SEDOL" value="B8RBZV7"/>
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        <balance>125.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.65500000"/>
        <valUSD>155193.04000000</valUSD>
        <pctVal>0.267670999452</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Douglas Emmett Inc</name>
        <lei>N/A</lei>
        <title>Douglas Emmett Inc</title>
        <cusip>25960P109</cusip>
        <identifiers>
          <isin value="US25960P1093"/>
          <ticker value="DEI"/>
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        <balance>5705.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>250449.50000000</valUSD>
        <pctVal>0.431965685944</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UDR Inc</name>
        <lei>P3CH2EG5X6Z1XWU1OO74</lei>
        <title>UDR Inc</title>
        <cusip>902653104</cusip>
        <identifiers>
          <isin value="US9026531049"/>
          <ticker value="UDR"/>
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        <balance>9984.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>466252.80000000</valUSD>
        <pctVal>0.804174935768</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chatham Lodging Trust</name>
        <lei>N/A</lei>
        <title>Chatham Lodging Trust</title>
        <cusip>16208T102</cusip>
        <identifiers>
          <isin value="US16208T1025"/>
          <ticker value="CLDT"/>
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        <balance>1570.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>28793.80000000</valUSD>
        <pctVal>0.049662441202</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Aroundtown SA</name>
        <lei>529900H4DWG3KWMBMQ39</lei>
        <title>Aroundtown SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="LU1673108939"/>
          <ticker value="AT1"/>
          <other otherDesc="SEDOL" value="BF0CK44"/>
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        <balance>30592.00000000</balance>
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        <valUSD>273972.55000000</valUSD>
        <pctVal>0.472537339826</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Industrial Logistics Propertie</name>
        <lei>N/A</lei>
        <title>Industrial Logistics Properties Trust</title>
        <cusip>456237106</cusip>
        <identifiers>
          <isin value="US4562371066"/>
          <ticker value="ILPT"/>
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        <balance>2218.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>49727.56000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fastighets AB Balder</name>
        <lei>549300GHKJCEZOAEUU82</lei>
        <title>Fastighets AB Balder</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0000455057"/>
          <ticker value="BALDB"/>
          <other otherDesc="SEDOL" value="B0LC9F2"/>
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        <balance>3342.00000000</balance>
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        <currencyConditional curCd="SEK" exchangeRt="9.36635000"/>
        <valUSD>154569.75000000</valUSD>
        <pctVal>0.266595972781</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TAG Immobilien AG</name>
        <lei>529900TAE68USJNXLR59</lei>
        <title>TAG Immobilien AG</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0008303504"/>
          <ticker value="TEG"/>
          <other otherDesc="SEDOL" value="5735631"/>
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        <balance>4353.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.89150000"/>
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        <pctVal>0.186623433207</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DiamondRock Hospitality Co</name>
        <lei>529900KKD4BPVBUAQ734</lei>
        <title>DiamondRock Hospitality Co</title>
        <cusip>252784301</cusip>
        <identifiers>
          <isin value="US2527843013"/>
          <ticker value="DRH"/>
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        <balance>6891.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>76352.28000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Northview Apartment Real Estat</name>
        <lei>N/A</lei>
        <title>Northview Apartment Real Estate Investment Trust</title>
        <cusip>667185102</cusip>
        <identifiers>
          <isin value="CA6671851021"/>
          <ticker value="NVU-U"/>
          <other otherDesc="SEDOL" value="BYZGBB8"/>
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        <balance>1638.00000000</balance>
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        <currencyConditional curCd="CAD" exchangeRt="1.29855000"/>
        <valUSD>37388.10000000</valUSD>
        <pctVal>0.064485560013</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Macerich Co/The</name>
        <lei>529900PSWCB5KI0JYU46</lei>
        <title>Macerich Co/The</title>
        <cusip>554382101</cusip>
        <identifiers>
          <isin value="US5543821012"/>
          <ticker value="MAC"/>
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        <balance>4859.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>130804.28000000</valUSD>
        <pctVal>0.225606202187</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CyrusOne Inc</name>
        <lei>5493006S177ZK2ZNBU43</lei>
        <title>CyrusOne Inc</title>
        <cusip>23283R100</cusip>
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          <isin value="US23283R1005"/>
          <ticker value="CONE"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>CapitaLand Mall Trust</name>
        <lei>54930031292WUTXF0L29</lei>
        <title>CapitaLand Mall Trust</title>
        <cusip>000000000</cusip>
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          <isin value="SG1M51904654"/>
          <ticker value="CT"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EastGroup Properties Inc</name>
        <lei>31TIGQQZC4P6JMHKSW85</lei>
        <title>EastGroup Properties Inc</title>
        <cusip>277276101</cusip>
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          <isin value="US2772761019"/>
          <ticker value="EGP"/>
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        <balance>1299.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>172338.33000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RPT Realty</name>
        <lei>N/A</lei>
        <title>RPT Realty</title>
        <cusip>74971D101</cusip>
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          <isin value="US74971D1019"/>
          <ticker value="RPT"/>
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        <balance>2672.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>40186.88000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kennedy-Wilson Holdings Inc</name>
        <lei>549300MOI1T78144X610</lei>
        <title>Kennedy-Wilson Holdings Inc</title>
        <cusip>489398107</cusip>
        <identifiers>
          <isin value="US4893981070"/>
          <ticker value="KW"/>
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        <balance>4198.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>93615.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Liberty Property Trust</name>
        <lei>N/A</lei>
        <title>Liberty Property Trust</title>
        <cusip>531172104</cusip>
        <identifiers>
          <isin value="US5311721048"/>
          <ticker value="LPT"/>
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        <balance>5357.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>321687.85000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Mirvac Group</name>
        <lei>N/A</lei>
        <title>Mirvac Group</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000MGR9"/>
          <ticker value="MGR"/>
          <other otherDesc="SEDOL" value="6161978"/>
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        <balance>134835.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.42501000"/>
        <valUSD>300892.84000000</valUSD>
        <pctVal>0.518968422881</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lar Espana Real Estate Socimi</name>
        <lei>9598002PHMH00MHN3741</lei>
        <title>Lar Espana Real Estate Socimi SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ES0105015012"/>
          <ticker value="LRE"/>
          <other otherDesc="SEDOL" value="BKJ95B3"/>
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        <balance>2197.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.89150000"/>
        <valUSD>17497.14000000</valUSD>
        <pctVal>0.030178395573</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mori Hills REIT Investment Cor</name>
        <lei>N/A</lei>
        <title>Mori Hills REIT Investment Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3046470005"/>
          <ticker value="3234"/>
          <other otherDesc="SEDOL" value="B1GF9P3"/>
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        <balance>53.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.65500000"/>
        <valUSD>88044.73000000</valUSD>
        <pctVal>0.151856171356</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kilroy Realty Corp</name>
        <lei>549300CXXI18B214UN80</lei>
        <title>Kilroy Realty Corp</title>
        <cusip>49427F108</cusip>
        <identifiers>
          <isin value="US49427F1084"/>
          <ticker value="KRC"/>
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        <balance>3575.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>299942.50000000</valUSD>
        <pctVal>0.517329312921</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GCP Student Living PLC</name>
        <lei>2138004J4ID66FK38H25</lei>
        <title>GCP Student Living PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B8460Z43"/>
          <ticker value="DIGS"/>
          <other otherDesc="SEDOL" value="B8460Z4"/>
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        <balance>14163.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75494000"/>
        <valUSD>37145.65000000</valUSD>
        <pctVal>0.064067391558</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Four Corners Property Trust In</name>
        <lei>549300SVTPZPBDVNER42</lei>
        <title>Four Corners Property Trust Inc</title>
        <cusip>35086T109</cusip>
        <identifiers>
          <isin value="US35086T1097"/>
          <ticker value="FCPT"/>
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        <balance>2344.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>66077.36000000</valUSD>
        <pctVal>0.113967694636</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Armada Hoffler Properties Inc</name>
        <lei>549300WQRSIV6XZT9313</lei>
        <title>Armada Hoffler Properties Inc</title>
        <cusip>04208T108</cusip>
        <identifiers>
          <isin value="US04208T1088"/>
          <ticker value="AHH"/>
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        <balance>1884.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>34571.40000000</valUSD>
        <pctVal>0.059627423952</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EPR Properties</name>
        <lei>549300YSSXFHMPOWZ492</lei>
        <title>EPR Properties</title>
        <cusip>26884U109</cusip>
        <identifiers>
          <isin value="US26884U1097"/>
          <ticker value="EPR"/>
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        <balance>2677.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>189103.28000000</valUSD>
        <pctVal>0.326158080010</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Deutsche Wohnen SE</name>
        <lei>529900QE24Q67I3FWZ10</lei>
        <title>Deutsche Wohnen SE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000A0HN5C6"/>
          <ticker value="DWNI"/>
          <other otherDesc="SEDOL" value="B0YZ0Z5"/>
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        <balance>12322.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.89150000"/>
        <valUSD>503384.45000000</valUSD>
        <pctVal>0.868218180663</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PS Business Parks Inc</name>
        <lei>N/A</lei>
        <title>PS Business Parks Inc</title>
        <cusip>69360J107</cusip>
        <identifiers>
          <isin value="US69360J1079"/>
          <ticker value="PSB"/>
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        <balance>685.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>112935.95000000</valUSD>
        <pctVal>0.194787592347</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hulic Co Ltd</name>
        <lei>N/A</lei>
        <title>Hulic Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3360800001"/>
          <ticker value="3003"/>
          <other otherDesc="SEDOL" value="6805317"/>
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        <balance>12400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.65500000"/>
        <valUSD>150185.45000000</valUSD>
        <pctVal>0.259034100400</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nippon Accommodations Fund Inc</name>
        <lei>N/A</lei>
        <title>Nippon Accommodations Fund Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3046440008"/>
          <ticker value="3226"/>
          <other otherDesc="SEDOL" value="B182BB2"/>
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        <balance>15.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.65500000"/>
        <valUSD>94703.42000000</valUSD>
        <pctVal>0.163340824324</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ADO Properties SA</name>
        <lei>391200OYYFJ3DWAMEC69</lei>
        <title>ADO Properties SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="LU1250154413"/>
          <ticker value="ADJ"/>
          <other otherDesc="SEDOL" value="BYNXBZ5"/>
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        <balance>1005.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.89150000"/>
        <valUSD>36186.76000000</valUSD>
        <pctVal>0.062413534886</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Extra Space Storage Inc</name>
        <lei>N/A</lei>
        <title>Extra Space Storage Inc</title>
        <cusip>30225T102</cusip>
        <identifiers>
          <isin value="US30225T1025"/>
          <ticker value="EXR"/>
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        <balance>4323.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>456595.26000000</valUSD>
        <pctVal>0.787517981409</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Carmila SA</name>
        <lei>222100P6D3QKU33LZQ72</lei>
        <title>Carmila SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0010828137"/>
          <ticker value="CARM"/>
          <other otherDesc="SEDOL" value="B4Y0230"/>
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        <balance>1058.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.89150000"/>
        <valUSD>23735.28000000</valUSD>
        <pctVal>0.040937700040</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Vastned Retail NV</name>
        <lei>724500GTYRJW5W85PN10</lei>
        <title>Vastned Retail NV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0000288918"/>
          <ticker value="VASTN"/>
          <other otherDesc="SEDOL" value="4927194"/>
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        <balance>591.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.89150000"/>
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        <pctVal>0.030528573925</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Advance Residence Investment C</name>
        <lei>N/A</lei>
        <title>Advance Residence Investment Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3047160001"/>
          <ticker value="3269"/>
          <other otherDesc="SEDOL" value="B62WZW2"/>
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        <balance>44.00000000</balance>
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        <pctVal>0.240264985711</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cousins Properties Inc</name>
        <lei>5493007XPYD5EJABN062</lei>
        <title>Cousins Properties Inc</title>
        <cusip>222795502</cusip>
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          <isin value="US2227955026"/>
          <ticker value="CUZ"/>
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        <balance>5008.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>206329.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal Realty Investment Trus</name>
        <lei>549300LI6XZ51GOCJ427</lei>
        <title>Federal Realty Investment Trust</title>
        <cusip>313747206</cusip>
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          <isin value="US3137472060"/>
          <ticker value="FRT"/>
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        <balance>2568.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>330578.64000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Industrial &amp; Infrastructure Fu</name>
        <lei>353800WCHFY04YKYCI19</lei>
        <title>Industrial &amp; Infrastructure Fund Investment Corp</title>
        <cusip>000000000</cusip>
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          <isin value="JP3046500009"/>
          <ticker value="3249"/>
          <other otherDesc="SEDOL" value="B24HH65"/>
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        <balance>57.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Segro PLC</name>
        <lei>213800XC35KGM9NFC641</lei>
        <title>Segro PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B5ZN1N88"/>
          <ticker value="SGRO"/>
          <other otherDesc="SEDOL" value="B5ZN1N8"/>
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        <balance>37587.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75494000"/>
        <valUSD>446698.49000000</valUSD>
        <pctVal>0.770448412328</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Duke Realty Corp</name>
        <lei>N/A</lei>
        <title>Duke Realty Corp</title>
        <cusip>264411505</cusip>
        <identifiers>
          <isin value="US2644115055"/>
          <ticker value="DRE"/>
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        <balance>12649.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>438540.83000000</valUSD>
        <pctVal>0.756378393431</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Equity Commonwealth</name>
        <lei>549300YPGVU9PR4L0606</lei>
        <title>Equity Commonwealth</title>
        <cusip>294628102</cusip>
        <identifiers>
          <isin value="US2946281027"/>
          <ticker value="EQC"/>
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        <balance>4140.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>135916.20000000</valUSD>
        <pctVal>0.234423045620</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>National Retail Properties Inc</name>
        <lei>5493008JKH5SOTI0JS97</lei>
        <title>National Retail Properties Inc</title>
        <cusip>637417106</cusip>
        <identifiers>
          <isin value="US6374171063"/>
          <ticker value="NNN"/>
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        <balance>5882.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>315392.84000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Piedmont Office Realty Trust I</name>
        <lei>N/A</lei>
        <title>Piedmont Office Realty Trust Inc</title>
        <cusip>720190206</cusip>
        <identifiers>
          <isin value="US7201902068"/>
          <ticker value="PDM"/>
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        <balance>4285.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>95298.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Dream Office Real Estate Inves</name>
        <lei>N/A</lei>
        <title>Dream Office Real Estate Investment Trust</title>
        <cusip>26153P104</cusip>
        <identifiers>
          <isin value="CA26153P1045"/>
          <ticker value="D-U"/>
          <other otherDesc="SEDOL" value="BMJJVS6"/>
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        <balance>1623.00000000</balance>
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        <currencyConditional curCd="CAD" exchangeRt="1.29855000"/>
        <valUSD>38908.01000000</valUSD>
        <pctVal>0.067107042451</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Urban Edge Properties</name>
        <lei>N/A</lei>
        <title>Urban Edge Properties</title>
        <cusip>91704F104</cusip>
        <identifiers>
          <isin value="US91704F1049"/>
          <ticker value="UE"/>
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        <balance>3939.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>75550.02000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Suntec REIT</name>
        <lei>549300C46QFXSI2F4K13</lei>
        <title>Suntec Real Estate Investment Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1Q52922370"/>
          <ticker value="SUN"/>
          <other otherDesc="SEDOL" value="B04PZ72"/>
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        <balance>70597.00000000</balance>
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        <currencyConditional curCd="SGD" exchangeRt="1.34495000"/>
        <valUSD>96582.39000000</valUSD>
        <pctVal>0.166581599669</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BMO Commercial Property Trust</name>
        <lei>213800A2B1H4ULF3K397</lei>
        <title>BMO Commercial Property Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GG00B4ZPCJ00"/>
          <ticker value="BCPT"/>
          <other otherDesc="SEDOL" value="B4ZPCJ0"/>
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        <balance>18154.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75494000"/>
        <valUSD>27798.26000000</valUSD>
        <pctVal>0.047945372017</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Wallenstam AB</name>
        <lei>21380081R2P9MKFQBD25</lei>
        <title>Wallenstam AB</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0007074844"/>
          <ticker value="WALLB"/>
          <other otherDesc="SEDOL" value="BXVMBK2"/>
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        <balance>5616.00000000</balance>
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        <currencyConditional curCd="SEK" exchangeRt="9.36635000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Retail Opportunity Investments</name>
        <lei>N/A</lei>
        <title>Retail Opportunity Investments Corp</title>
        <cusip>76131N101</cusip>
        <identifiers>
          <isin value="US76131N1019"/>
          <ticker value="ROIC"/>
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        <balance>3910.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>69050.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Charter Hall Long Wale REIT</name>
        <lei>N/A</lei>
        <title>Charter Hall Long Wale REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000CLW0"/>
          <ticker value="CLW"/>
          <other otherDesc="SEDOL" value="BDB46J2"/>
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        <balance>13763.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.42501000"/>
        <valUSD>53119.98000000</valUSD>
        <pctVal>0.091619302885</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LTC Properties Inc</name>
        <lei>549300NRZP8IJG2KY677</lei>
        <title>LTC Properties Inc</title>
        <cusip>502175102</cusip>
        <identifiers>
          <isin value="US5021751020"/>
          <ticker value="LTC"/>
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        <balance>1347.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>60305.19000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Granite Real Estate Investment</name>
        <lei>N/A</lei>
        <title>Granite Real Estate Investment Trust</title>
        <cusip>387437114</cusip>
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          <isin value="CA3874371147"/>
          <ticker value="GRT-U"/>
          <other otherDesc="SEDOL" value="B9GS088"/>
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        <balance>1859.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Omega Healthcare Investors Inc</name>
        <lei>549300OJ7ENK42CZ8E73</lei>
        <title>Omega Healthcare Investors Inc</title>
        <cusip>681936100</cusip>
        <identifiers>
          <isin value="US6819361006"/>
          <ticker value="OHI"/>
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        <balance>7487.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>317074.45000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Montea C.V.A</name>
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        <title>Montea C.V.A</title>
        <cusip>000000000</cusip>
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          <isin value="BE0003853703"/>
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          <other otherDesc="SEDOL" value="B1FWD64"/>
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        <balance>435.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>BE</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Gaming and Leisure Properties</name>
        <lei>5493006GWRDBCZYWTM57</lei>
        <title>Gaming and Leisure Properties Inc</title>
        <cusip>36467J108</cusip>
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          <ticker value="GLPI"/>
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        <balance>6960.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>299628.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SL Green Realty Corp</name>
        <lei>549300VQZPJU97H3GT17</lei>
        <title>SL Green Realty Corp</title>
        <cusip>78440X101</cusip>
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          <isin value="US78440X1019"/>
          <ticker value="SLG"/>
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        <balance>2746.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>252302.48000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hongkong Land Holdings Ltd</name>
        <lei>213800XCHYNRPAYGXW28</lei>
        <title>Hongkong Land Holdings Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="BMG4587L1090"/>
          <ticker value="HKL"/>
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        <balance>39922.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>HK</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Public Storage</name>
        <lei>549300LMZF40TKJ6DM64</lei>
        <title>Public Storage</title>
        <cusip>74460D109</cusip>
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          <isin value="US74460D1090"/>
          <ticker value="PSA"/>
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        <curCd>USD</curCd>
        <valUSD>1085883.04000000</valUSD>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Choice Properties Real Estate</name>
        <lei>N/A</lei>
        <title>Choice Properties Real Estate Investment Trust</title>
        <cusip>17039A106</cusip>
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          <isin value="CA17039A1066"/>
          <ticker value="CHP-U"/>
          <other otherDesc="SEDOL" value="BBX46Q3"/>
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        <balance>8803.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Independence Realty Trust Inc</name>
        <lei>N/A</lei>
        <title>Independence Realty Trust Inc</title>
        <cusip>45378A106</cusip>
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          <isin value="US45378A1060"/>
          <ticker value="IRT"/>
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        <balance>3115.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>43859.20000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hibernia REIT plc</name>
        <lei>635400MHRA4QVVFTON18</lei>
        <title>Hibernia REIT plc</title>
        <cusip>000000000</cusip>
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          <isin value="IE00BGHQ1986"/>
          <ticker value="HBRN"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Great Portland Estates PLC</name>
        <lei>213800JMEDD2Q4N1MC42</lei>
        <title>Great Portland Estates PLC</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BF5H9P87"/>
          <ticker value="GPOR"/>
          <other otherDesc="SEDOL" value="BF5H9P8"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Colony Capital Inc</name>
        <lei>549300XG87L902AGBO89</lei>
        <title>Colony Capital Inc</title>
        <cusip>19626G108</cusip>
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          <isin value="US19626G1085"/>
          <ticker value="CLNY"/>
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        <balance>16436.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>78071.00000000</valUSD>
        <pctVal>0.134653864620</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Equity LifeStyle Properties In</name>
        <lei>529900PEQG66LENB6798</lei>
        <title>Equity LifeStyle Properties Inc</title>
        <cusip>29472R108</cusip>
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          <isin value="US29472R1086"/>
          <ticker value="ELS"/>
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        <balance>5964.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Cominar Real Estate Investment</name>
        <lei>549300UPHCRPB5SL8E15</lei>
        <title>Cominar Real Estate Investment Trust</title>
        <cusip>199910100</cusip>
        <identifiers>
          <isin value="CA1999101001"/>
          <ticker value="CUF-U"/>
          <other otherDesc="SEDOL" value="2419927"/>
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        <balance>6251.00000000</balance>
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        <valUSD>68163.84000000</valUSD>
        <pctVal>0.117566375266</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Hemfosa Fastigheter AB</name>
        <lei>549300PZRE1NF5Y4QZ03</lei>
        <title>Hemfosa Fastigheter AB</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0007126115"/>
          <ticker value="HEMF"/>
          <other otherDesc="SEDOL" value="BXRTNW3"/>
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        <balance>5558.00000000</balance>
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        <valUSD>71979.52000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Samhallsbyggnadsbolaget i Nord</name>
        <lei>549300HX9MRFY47AH564</lei>
        <title>Samhallsbyggnadsbolaget i Norden AB</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0009554454"/>
          <ticker value="SBBB"/>
          <other otherDesc="SEDOL" value="BD7Y737"/>
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        <balance>16064.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Washington Prime Group Inc</name>
        <lei>549300RWGA2GV6YQYT67</lei>
        <title>Washington Prime Group Inc</title>
        <cusip>93964W108</cusip>
        <identifiers>
          <isin value="US93964W1080"/>
          <ticker value="WPG"/>
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        <balance>6393.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23270.52000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>American Finance Trust Inc</name>
        <lei>549300GN4H0K3IUS8983</lei>
        <title>American Finance Trust Inc</title>
        <cusip>02607T109</cusip>
        <identifiers>
          <isin value="US02607T1097"/>
          <ticker value="AFIN"/>
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        <balance>3658.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>48505.08000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Getty Realty Corp</name>
        <lei>N/A</lei>
        <title>Getty Realty Corp</title>
        <cusip>374297109</cusip>
        <identifiers>
          <isin value="US3742971092"/>
          <ticker value="GTY"/>
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        <balance>1142.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>37537.54000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BWP Trust</name>
        <lei>N/A</lei>
        <title>BWP Trust</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000BWP3"/>
          <ticker value="BWP"/>
          <other otherDesc="SEDOL" value="6127453"/>
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        <balance>16779.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.42501000"/>
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        <pctVal>0.079609201290</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nomura Real Estate Master Fund</name>
        <lei>353800TNNZOQ1CPZE086</lei>
        <title>Nomura Real Estate Master Fund Inc</title>
        <cusip>000000000</cusip>
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          <isin value="JP3048110005"/>
          <ticker value="3462"/>
          <other otherDesc="SEDOL" value="BYSJJF4"/>
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        <balance>149.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Shaftesbury PLC</name>
        <lei>213800N7LHKFNTDKAT98</lei>
        <title>Shaftesbury PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0007990962"/>
          <ticker value="SHB"/>
          <other otherDesc="SEDOL" value="0799096"/>
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        <balance>7674.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Land Securities Group PLC</name>
        <lei>213800V8IAVKS37D6B88</lei>
        <title>Land Securities Group PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BYW0PQ60"/>
          <ticker value="LAND"/>
          <other otherDesc="SEDOL" value="BYW0PQ6"/>
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        <balance>24571.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kenedix Office Investment Corp</name>
        <lei>353800FFT483NCIHFY42</lei>
        <title>Kenedix Office Investment Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3046270009"/>
          <ticker value="8972"/>
          <other otherDesc="SEDOL" value="B0C5Q59"/>
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        <balance>13.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="108.65500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mapletree Logistics Trust</name>
        <lei>549300M9EBZIYH387075</lei>
        <title>Mapletree Logistics Trust</title>
        <cusip>000000000</cusip>
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          <isin value="SG1S03926213"/>
          <ticker value="MLT"/>
          <other otherDesc="SEDOL" value="B0D6P43"/>
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        <balance>87753.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Civitas Social Housing PLC</name>
        <lei>213800PGBG84J8GM6F95</lei>
        <title>Civitas Social Housing PLC</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BD8HBD32"/>
          <ticker value="CSH"/>
          <other otherDesc="SEDOL" value="BD8HBD3"/>
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        <balance>21479.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CK Asset Holdings Ltd</name>
        <lei>5299006GJZSGP78B8S35</lei>
        <title>CK Asset Holdings Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="KYG2177B1014"/>
          <ticker value="1113"/>
          <other otherDesc="SEDOL" value="BYZQ077"/>
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        <balance>92557.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.79230000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Klepierre SA</name>
        <lei>969500PB4U31KEFHZ621</lei>
        <title>Klepierre SA</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000121964"/>
          <ticker value="LI"/>
          <other otherDesc="SEDOL" value="7582556"/>
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        <balance>6571.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VEREIT Inc</name>
        <lei>5493002H54FNIBW75H44</lei>
        <title>VEREIT Inc</title>
        <cusip>92339V100</cusip>
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          <isin value="US92339V1008"/>
          <ticker value="VER"/>
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        <balance>36764.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>339699.36000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CapitaLand Commercial Trust</name>
        <lei>5493006N1HMMKB2HAT92</lei>
        <title>CapitaLand Commercial Trust</title>
        <cusip>000000000</cusip>
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          <isin value="SG1P32918333"/>
          <ticker value="CCT"/>
          <other otherDesc="SEDOL" value="B011YD2"/>
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        <balance>86590.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Healthpeak Properties Inc</name>
        <lei>PZ9HF5U52KPF0MH0QN75</lei>
        <title>Healthpeak Properties Inc</title>
        <cusip>42250P103</cusip>
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          <isin value="US42250P1030"/>
          <ticker value="PEAK"/>
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        <balance>16928.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>583508.16000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pandox AB</name>
        <lei>549300K4HA8EBLSL3B97</lei>
        <title>Pandox AB</title>
        <cusip>000000000</cusip>
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          <isin value="SE0007100359"/>
          <ticker value="PNDXB"/>
          <other otherDesc="SEDOL" value="BZ0CT92"/>
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        <balance>3043.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Japan Retail Fund Investment C</name>
        <lei>353800QDHNIP60E1LQ93</lei>
        <title>Japan Retail Fund Investment Corp</title>
        <cusip>000000000</cusip>
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          <isin value="JP3039710003"/>
          <ticker value="8953"/>
          <other otherDesc="SEDOL" value="6513342"/>
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        <balance>90.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Equity Residential</name>
        <lei>5493008RACSH5EP3PI59</lei>
        <title>Equity Residential</title>
        <cusip>29476L107</cusip>
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          <isin value="US29476L1070"/>
          <ticker value="EQR"/>
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        <balance>12595.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1019187.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Tritax Big Box REIT PLC</name>
        <lei>213800L6X88MIYPVR714</lei>
        <title>Tritax Big Box REIT PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BG49KP99"/>
          <ticker value="BBOX"/>
          <other otherDesc="SEDOL" value="BG49KP9"/>
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        <balance>58840.00000000</balance>
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        <valUSD>115974.67000000</valUSD>
        <pctVal>0.200028659984</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fabege AB</name>
        <lei>549300JNPI46XNH0PM97</lei>
        <title>Fabege AB</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0011166974"/>
          <ticker value="FABG"/>
          <other otherDesc="SEDOL" value="BFM6T36"/>
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        <balance>9094.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.36635000"/>
        <valUSD>151172.63000000</valUSD>
        <pctVal>0.260736750578</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Deutsche EuroShop AG</name>
        <lei>529900Y9QTEFHFEKQ736</lei>
        <title>Deutsche EuroShop AG</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0007480204"/>
          <ticker value="DEQ"/>
          <other otherDesc="SEDOL" value="4754972"/>
        </identifiers>
        <balance>1762.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.89150000"/>
        <valUSD>52217.66000000</valUSD>
        <pctVal>0.090063015978</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Keppel REIT</name>
        <lei>N/A</lei>
        <title>Keppel REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1T22929874"/>
          <ticker value="KREIT"/>
          <other otherDesc="SEDOL" value="B12RQH4"/>
        </identifiers>
        <balance>68000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.34495000"/>
        <valUSD>62693.78000000</valUSD>
        <pctVal>0.108131825706</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Premier Investment Corp</name>
        <lei>N/A</lei>
        <title>Premier Investment Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3041770003"/>
          <ticker value="8956"/>
          <other otherDesc="SEDOL" value="6543800"/>
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        <balance>44.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.65500000"/>
        <valUSD>62200.54000000</valUSD>
        <pctVal>0.107281104283</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Physicians Realty Trust</name>
        <lei>549300ITOVH0OY7PZC34</lei>
        <title>Physicians Realty Trust</title>
        <cusip>71943U104</cusip>
        <identifiers>
          <isin value="US71943U1043"/>
          <ticker value="DOC"/>
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        <balance>6459.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>122333.46000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Global One Real Estate Investm</name>
        <lei>N/A</lei>
        <title>Global One Real Estate Investment Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3044520009"/>
          <ticker value="8958"/>
          <other otherDesc="SEDOL" value="6693608"/>
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        <balance>33.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.65500000"/>
        <valUSD>42702.13000000</valUSD>
        <pctVal>0.073650995017</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mack-Cali Realty Corp</name>
        <lei>N/A</lei>
        <title>Mack-Cali Realty Corp</title>
        <cusip>554489104</cusip>
        <identifiers>
          <isin value="US5544891048"/>
          <ticker value="CLI"/>
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        <balance>2964.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>68557.32000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Charter Hall Retail REIT</name>
        <lei>N/A</lei>
        <title>Charter Hall Retail REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000CQR9"/>
          <ticker value="CQR"/>
          <other otherDesc="SEDOL" value="6225595"/>
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        <balance>12626.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.42501000"/>
        <valUSD>37833.43000000</valUSD>
        <pctVal>0.065253648107</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hang Lung Properties Ltd</name>
        <lei>529900CIVTNMXQT59E61</lei>
        <title>Hang Lung Properties Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0101000591"/>
          <ticker value="101"/>
          <other otherDesc="SEDOL" value="6030506"/>
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        <balance>70251.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.79230000"/>
        <valUSD>154164.00000000</valUSD>
        <pctVal>0.265896150752</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Franklin Street Properties Cor</name>
        <lei>549300STLK2T6QY5WO82</lei>
        <title>Franklin Street Properties Corp</title>
        <cusip>35471R106</cusip>
        <identifiers>
          <isin value="US35471R1068"/>
          <ticker value="FSP"/>
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        <balance>3552.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>30405.12000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Brixmor Property Group Inc</name>
        <lei>5299007UXW6Y0W2EGZ95</lei>
        <title>Brixmor Property Group Inc</title>
        <cusip>11120U105</cusip>
        <identifiers>
          <isin value="US11120U1051"/>
          <ticker value="BRX"/>
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        <balance>10209.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>220616.49000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Daiwa Office Investment Corp</name>
        <lei>N/A</lei>
        <title>Daiwa Office Investment Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3046310003"/>
          <ticker value="8976"/>
          <other otherDesc="SEDOL" value="B0LNTF5"/>
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        <balance>9.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="108.65500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BMO Real Estate Investments Lt</name>
        <lei>2138001XRCB89W6XTR23</lei>
        <title>BMO Real Estate Investments Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B012T521"/>
          <ticker value="BREI"/>
          <other otherDesc="SEDOL" value="B012T52"/>
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        <balance>8272.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75494000"/>
        <valUSD>9204.02000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LondonMetric Property PLC</name>
        <lei>213800OCERWWPQDURL87</lei>
        <title>LondonMetric Property PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B4WFW713"/>
          <ticker value="LMP"/>
          <other otherDesc="SEDOL" value="B4WFW71"/>
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        <balance>28031.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75494000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Easterly Government Properties</name>
        <lei>549300ERMCEFC6S8HL77</lei>
        <title>Easterly Government Properties Inc</title>
        <cusip>27616P103</cusip>
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          <isin value="US27616P1030"/>
          <ticker value="DEA"/>
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        <balance>2546.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>60416.58000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Japan Prime Realty Investment</name>
        <lei>353800NJOQJAY1ODEX72</lei>
        <title>Japan Prime Realty Investment Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3040890000"/>
          <ticker value="8955"/>
          <other otherDesc="SEDOL" value="6528175"/>
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        <balance>29.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nippon Building Fund Inc</name>
        <lei>52990053R8NL2MB32172</lei>
        <title>Nippon Building Fund Inc</title>
        <cusip>000000000</cusip>
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          <isin value="JP3027670003"/>
          <ticker value="8951"/>
          <other otherDesc="SEDOL" value="6396800"/>
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        <balance>44.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Gecina SA</name>
        <lei>9695003E4MMA10IBTR26</lei>
        <title>Gecina SA</title>
        <cusip>000000000</cusip>
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          <isin value="FR0010040865"/>
          <ticker value="GFC"/>
          <other otherDesc="SEDOL" value="7742468"/>
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        <balance>1785.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kenedix Residential Next Inves</name>
        <lei>353800CYD58GUMFQME07</lei>
        <title>Kenedix Residential Next Investment Corp</title>
        <cusip>000000000</cusip>
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          <isin value="JP3047480003"/>
          <ticker value="3278"/>
          <other otherDesc="SEDOL" value="B76BZX3"/>
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        <balance>31.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NIPPON REIT Investment Corp</name>
        <lei>3538004O49OJ90PEXX85</lei>
        <title>NIPPON REIT Investment Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3047750009"/>
          <ticker value="3296"/>
          <other otherDesc="SEDOL" value="BLC7414"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Canadian Apartment Properties</name>
        <lei>549300B1MYVTQEB2DI90</lei>
        <title>Canadian Apartment Properties REIT</title>
        <cusip>134921105</cusip>
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          <isin value="CA1349211054"/>
          <ticker value="CAR-U"/>
          <other otherDesc="SEDOL" value="2117599"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ventas Inc</name>
        <lei>ORQTRC074CWLT3DKHT41</lei>
        <title>Ventas Inc</title>
        <cusip>92276F100</cusip>
        <identifiers>
          <isin value="US92276F1003"/>
          <ticker value="VTR"/>
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        <balance>12820.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>740226.80000000</valUSD>
        <pctVal>1.276714776498</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mitsubishi Estate Co Ltd</name>
        <lei>353800KOFMRGOXSJ5Z65</lei>
        <title>Mitsubishi Estate Co Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="JP3899600005"/>
          <ticker value="8802"/>
          <other otherDesc="SEDOL" value="6596729"/>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nyfosa AB</name>
        <lei>5493000YR2B83SILCJ50</lei>
        <title>Nyfosa AB</title>
        <cusip>000000000</cusip>
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          <isin value="SE0011426428"/>
          <ticker value="NYF"/>
          <other otherDesc="SEDOL" value="BFD2NK8"/>
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        <balance>5500.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Irish Residential Properties R</name>
        <lei>635400EOPACLULRENY18</lei>
        <title>Irish Residential Properties REIT PLC</title>
        <cusip>000000000</cusip>
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          <isin value="IE00BJ34P519"/>
          <ticker value="IRES"/>
          <other otherDesc="SEDOL" value="BJ34P51"/>
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        <balance>15065.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Warehouses De Pauw CVA</name>
        <lei>549300HWDYC5JXC85138</lei>
        <title>Warehouses De Pauw CVA</title>
        <cusip>000000000</cusip>
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          <isin value="BE0003763779"/>
          <ticker value="WDP"/>
          <other otherDesc="SEDOL" value="5710360"/>
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        <balance>617.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Allreal Holding AG</name>
        <lei>5067006XH174LA44H658</lei>
        <title>Allreal Holding AG</title>
        <cusip>000000000</cusip>
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          <isin value="CH0008837566"/>
          <ticker value="ALLN"/>
          <other otherDesc="SEDOL" value="5914270"/>
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        <balance>484.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Aedifica SA</name>
        <lei>529900DTKNXL0AXQFN28</lei>
        <title>Aedifica SA</title>
        <cusip>000000000</cusip>
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          <isin value="BE0003851681"/>
          <ticker value="AED"/>
          <other otherDesc="SEDOL" value="B1G5XP1"/>
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        <balance>849.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tokyo Tatemono Co Ltd</name>
        <lei>529900RQA4JTW1869J86</lei>
        <title>Tokyo Tatemono Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3582600007"/>
          <ticker value="8804"/>
          <other otherDesc="SEDOL" value="6895426"/>
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        <balance>6787.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Boston Properties Inc</name>
        <lei>549300OF70FSEUQBT254</lei>
        <title>Boston Properties Inc</title>
        <cusip>101121101</cusip>
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          <isin value="US1011211018"/>
          <ticker value="BXP"/>
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        <balance>5323.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>733828.78000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LaSalle Logiport REIT</name>
        <lei>353800II3DI1RPKBB314</lei>
        <title>LaSalle Logiport REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3048180008"/>
          <ticker value="3466"/>
          <other otherDesc="SEDOL" value="BDD1L29"/>
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        <balance>47.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ascencio</name>
        <lei>549300PHFI20T3WJRO63</lei>
        <title>Ascencio</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BE0003856730"/>
          <ticker value="ASC"/>
          <other otherDesc="SEDOL" value="B1R6PX5"/>
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        <balance>178.00000000</balance>
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        <pctVal>0.019009322240</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Schroder Real Estate Investmen</name>
        <lei>549300ZIJJTMTIIQJP67</lei>
        <title>Schroder Real Estate Investment Trust Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="GB00B01HM147"/>
          <ticker value="SREI"/>
          <other otherDesc="SEDOL" value="B01HM14"/>
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        <balance>17880.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Saul Centers Inc</name>
        <lei>N/A</lei>
        <title>Saul Centers Inc</title>
        <cusip>804395101</cusip>
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          <isin value="US8043951016"/>
          <ticker value="BFS"/>
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        <balance>412.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21745.36000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mitsui Fudosan Co Ltd</name>
        <lei>353800ND4ZKNZDYKMF33</lei>
        <title>Mitsui Fudosan Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3893200000"/>
          <ticker value="8801"/>
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        <balance>32368.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Healthcare Realty Trust Inc</name>
        <lei>549300CB86LH2IOKHH22</lei>
        <title>Healthcare Realty Trust Inc</title>
        <cusip>421946104</cusip>
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          <isin value="US4219461047"/>
          <ticker value="HR"/>
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        <balance>4532.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Catena AB</name>
        <lei>549300EMLM7AH5LDLY65</lei>
        <title>Catena AB</title>
        <cusip>000000000</cusip>
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          <isin value="SE0001664707"/>
          <ticker value="CATE"/>
          <other otherDesc="SEDOL" value="B131GJ7"/>
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        <balance>869.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>SE</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City Developments Ltd</name>
        <lei>254900BPLPJS0RJ72373</lei>
        <title>City Developments Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="SG1R89002252"/>
          <ticker value="CIT"/>
          <other otherDesc="SEDOL" value="6197928"/>
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        <assetCat>EC</assetCat>
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        <invCountry>SG</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Covivio</name>
        <lei>969500P8M3W2XX376054</lei>
        <title>Covivio</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000064578"/>
          <ticker value="COV"/>
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        <invCountry>FR</invCountry>
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      <invstOrSec>
        <name>Taubman Centers Inc</name>
        <lei>N/A</lei>
        <title>Taubman Centers Inc</title>
        <cusip>876664103</cusip>
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          <isin value="US8766641034"/>
          <ticker value="TCO"/>
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      <invstOrSec>
        <name>Retail Properties of America I</name>
        <lei>549300OVTYLM7DH6CM14</lei>
        <title>Retail Properties of America Inc</title>
        <cusip>76131V202</cusip>
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          <isin value="US76131V2025"/>
          <ticker value="RPAI"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Apple Hospitality REIT Inc</name>
        <lei>549300EVZAR0FBZO4F16</lei>
        <title>Apple Hospitality REIT Inc</title>
        <cusip>03784Y200</cusip>
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          <isin value="US03784Y2000"/>
          <ticker value="APLE"/>
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        <valUSD>117373.75000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cofinimmo SA</name>
        <lei>549300TM914CSF6KI389</lei>
        <title>Cofinimmo SA</title>
        <cusip>000000000</cusip>
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          <isin value="BE0003593044"/>
          <ticker value="COFB"/>
          <other otherDesc="SEDOL" value="4177988"/>
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        <assetCat>EC</assetCat>
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        <invCountry>BE</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kite Realty Group Trust</name>
        <lei>N/A</lei>
        <title>Kite Realty Group Trust</title>
        <cusip>49803T300</cusip>
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          <isin value="US49803T3005"/>
          <ticker value="KRG"/>
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        <balance>2835.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>55367.55000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Investors Real Estate Trust</name>
        <lei>5493002LG2SH9EEHT720</lei>
        <title>Investors Real Estate Trust</title>
        <cusip>461730509</cusip>
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          <isin value="US4617305093"/>
          <ticker value="IRET"/>
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        <balance>399.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28927.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kojamo Oyj</name>
        <lei>7437007YPUOQZ8OV1R42</lei>
        <title>Kojamo Oyj</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FI4000312251"/>
          <ticker value="KOJAMO"/>
          <other otherDesc="SEDOL" value="BFYR8L8"/>
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        <balance>2991.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Klovern AB</name>
        <lei>549300D4GJAZR1EMIA07</lei>
        <title>Klovern AB</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0006593919"/>
          <ticker value="KLOVB"/>
          <other otherDesc="SEDOL" value="BTJR9M9"/>
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        <balance>17375.00000000</balance>
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        <currencyConditional curCd="SEK" exchangeRt="9.36635000"/>
        <valUSD>42628.93000000</valUSD>
        <pctVal>0.073524742467</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Xior Student Housing NV</name>
        <lei>549300JK7HFOCP0U8K85</lei>
        <title>Xior Student Housing NV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BE0974288202"/>
          <ticker value="XIOR"/>
          <other otherDesc="SEDOL" value="BZ1NNF8"/>
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        <balance>526.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.89150000"/>
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        <pctVal>0.051390738586</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>American Assets Trust Inc</name>
        <lei>N/A</lei>
        <title>American Assets Trust Inc</title>
        <cusip>024013104</cusip>
        <identifiers>
          <isin value="US0240131047"/>
          <ticker value="AAT"/>
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        <balance>1654.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>75918.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Essex Property Trust Inc</name>
        <lei>549300TR2H2VEFX0NC60</lei>
        <title>Essex Property Trust Inc</title>
        <cusip>297178105</cusip>
        <identifiers>
          <isin value="US2971781057"/>
          <ticker value="ESS"/>
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        <balance>2252.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>677536.72000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Befimmo SA</name>
        <lei>529900UM10B3V374TA43</lei>
        <title>Befimmo SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BE0003678894"/>
          <ticker value="BEFB"/>
          <other otherDesc="SEDOL" value="4082628"/>
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        <balance>735.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Safestore Holdings PLC</name>
        <lei>213800WGA3YSJC1YOH73</lei>
        <title>Safestore Holdings PLC</title>
        <cusip>000000000</cusip>
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          <isin value="GB00B1N7Z094"/>
          <ticker value="SAFE"/>
          <other otherDesc="SEDOL" value="B1N7Z09"/>
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        <balance>7053.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75494000"/>
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        <pctVal>0.129874998603</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hiag Immobilien Holding AG</name>
        <lei>549300TU2XXQ3TU4KJ11</lei>
        <title>Hiag Immobilien Holding AG</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0239518779"/>
          <ticker value="HIAG"/>
          <other otherDesc="SEDOL" value="BMM1ZD2"/>
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        <balance>96.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.96780000"/>
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        <pctVal>0.018477302270</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>STORE Capital Corp</name>
        <lei>5493004EA6C9IHDZ7N66</lei>
        <title>STORE Capital Corp</title>
        <cusip>862121100</cusip>
        <identifiers>
          <isin value="US8621211007"/>
          <ticker value="STOR"/>
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        <balance>7369.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>274421.56000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Dream Industrial Real Estate I</name>
        <lei>N/A</lei>
        <title>Dream Industrial Real Estate Investment Trust</title>
        <cusip>26153W109</cusip>
        <identifiers>
          <isin value="CA26153W1095"/>
          <ticker value="DIR-U"/>
          <other otherDesc="SEDOL" value="BMH4P92"/>
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        <balance>3798.00000000</balance>
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        <currencyConditional curCd="CAD" exchangeRt="1.29855000"/>
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        <pctVal>0.066285831699</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Grainger PLC</name>
        <lei>2138007CEIRKZMNI2979</lei>
        <title>Grainger PLC</title>
        <cusip>000000000</cusip>
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          <isin value="GB00B04V1276"/>
          <ticker value="GRI"/>
          <other otherDesc="SEDOL" value="B04V127"/>
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        <balance>20734.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mercialys SA</name>
        <lei>969500081CGAXB7YS433</lei>
        <title>Mercialys SA</title>
        <cusip>000000000</cusip>
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          <isin value="FR0010241638"/>
          <ticker value="MERY"/>
          <other otherDesc="SEDOL" value="B0LMF87"/>
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        <balance>2114.00000000</balance>
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        <pctVal>0.050428476829</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Tokyu REIT Inc</name>
        <lei>N/A</lei>
        <title>Tokyu REIT Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3044510000"/>
          <ticker value="8957"/>
          <other otherDesc="SEDOL" value="6687203"/>
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        <balance>30.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Stockland</name>
        <lei>N/A</lei>
        <title>Stockland</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000SGP0"/>
          <ticker value="SGP"/>
          <other otherDesc="SEDOL" value="6850856"/>
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        <balance>82312.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kenedix Retail REIT Corp</name>
        <lei>353800IOH9ONLGE3AQ55</lei>
        <title>Kenedix Retail REIT Corp</title>
        <cusip>000000000</cusip>
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          <isin value="JP3047900000"/>
          <ticker value="3453"/>
          <other otherDesc="SEDOL" value="BTLX226"/>
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        <balance>19.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Corporate Office Properties Tr</name>
        <lei>YY1J47X6LF9TYY8JY420</lei>
        <title>Corporate Office Properties Trust</title>
        <cusip>22002T108</cusip>
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          <isin value="US22002T1088"/>
          <ticker value="OFC"/>
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        <balance>3852.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>113171.76000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hersha Hospitality Trust</name>
        <lei>549300DNC58BIN1VO064</lei>
        <title>Hersha Hospitality Trust</title>
        <cusip>427825500</cusip>
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          <isin value="US4278255009"/>
          <ticker value="HT"/>
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        <balance>1176.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17110.80000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mori Trust Sogo Reit Inc</name>
        <lei>N/A</lei>
        <title>Mori Trust Sogo Reit Inc</title>
        <cusip>000000000</cusip>
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          <isin value="JP3046170001"/>
          <ticker value="8961"/>
          <other otherDesc="SEDOL" value="6729558"/>
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        <balance>34.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>Sino Land Co Ltd</name>
        <lei>529900G5P51053HJVZ92</lei>
        <title>Sino Land Co Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="HK0083000502"/>
          <ticker value="83"/>
          <other otherDesc="SEDOL" value="6810429"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hammerson PLC</name>
        <lei>213800G1C9KKVVDN1A60</lei>
        <title>Hammerson PLC</title>
        <cusip>000000000</cusip>
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          <isin value="GB0004065016"/>
          <ticker value="HMSO"/>
          <other otherDesc="SEDOL" value="0406501"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Essential Properties Realty Tr</name>
        <lei>N/A</lei>
        <title>Essential Properties Realty Trust Inc</title>
        <cusip>29670E107</cusip>
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          <isin value="US29670E1073"/>
          <ticker value="EPRT"/>
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        <balance>2761.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>68500.41000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Life Storage Inc</name>
        <lei>W9EE01AFDDF9DQCQZC68</lei>
        <title>Life Storage Inc</title>
        <cusip>53223X107</cusip>
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          <isin value="US53223X1072"/>
          <ticker value="LSI"/>
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        <balance>1596.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>172814.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Ryman Hospitality Properties I</name>
        <lei>529900GCCWW9SRMPJR11</lei>
        <title>Ryman Hospitality Properties Inc</title>
        <cusip>78377T107</cusip>
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          <isin value="US78377T1079"/>
          <ticker value="RHP"/>
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        <balance>1570.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>136056.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Shopping Centres Australasia P</name>
        <lei>N/A</lei>
        <title>Shopping Centres Australasia Property Group</title>
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          <isin value="AU000000SCP9"/>
          <ticker value="SCP"/>
          <other otherDesc="SEDOL" value="B8K7J65"/>
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        <balance>31944.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sun Communities Inc</name>
        <lei>549300H5GEOJYN41ZG57</lei>
        <title>Sun Communities Inc</title>
        <cusip>866674104</cusip>
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          <isin value="US8666741041"/>
          <ticker value="SUI"/>
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        <balance>3114.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>467411.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Artis Real Estate Investment T</name>
        <lei>549300OG2O5VI2N1XS44</lei>
        <title>Artis Real Estate Investment Trust</title>
        <cusip>04315L105</cusip>
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          <isin value="CA04315L1058"/>
          <ticker value="AX-U"/>
          <other otherDesc="SEDOL" value="B0XZXV3"/>
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        <balance>4234.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Inmobiliaria Colonial Socimi S</name>
        <lei>95980020140005007414</lei>
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        <cusip>000000000</cusip>
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          <isin value="ES0139140174"/>
          <ticker value="COL"/>
          <other otherDesc="SEDOL" value="BD0PJ08"/>
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        <balance>11200.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TLG Immobilien AG</name>
        <lei>549300NYSIH10FPUO363</lei>
        <title>TLG Immobilien AG</title>
        <cusip>000000000</cusip>
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          <isin value="DE000A12B8Z4"/>
          <ticker value="TLG"/>
          <other otherDesc="SEDOL" value="BR2Z8G3"/>
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        <balance>3196.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sunstone Hotel Investors Inc</name>
        <lei>N/A</lei>
        <title>Sunstone Hotel Investors Inc</title>
        <cusip>867892101</cusip>
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          <isin value="US8678921011"/>
          <ticker value="SHO"/>
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        <balance>7682.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>106933.44000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sekisui House Reit Inc</name>
        <lei>N/A</lei>
        <title>Sekisui House Reit Inc</title>
        <cusip>000000000</cusip>
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          <isin value="JP3047820000"/>
          <ticker value="3309"/>
          <other otherDesc="SEDOL" value="BSKRKL7"/>
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        <balance>138.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Derwent London PLC</name>
        <lei>213800BXKQ9KZNUR1M61</lei>
        <title>Derwent London PLC</title>
        <cusip>000000000</cusip>
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          <isin value="GB0002652740"/>
          <ticker value="DLN"/>
          <other otherDesc="SEDOL" value="0265274"/>
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        <balance>3458.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sun Hung Kai Properties Ltd</name>
        <lei>529900LUMD393RD3S874</lei>
        <title>Sun Hung Kai Properties Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0016000132"/>
          <ticker value="16"/>
          <other otherDesc="SEDOL" value="6859927"/>
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        <balance>48910.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Empiric Student Property PLC</name>
        <lei>213800FPF38IBPRFPU87</lei>
        <title>Empiric Student Property PLC</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BLWDVR75"/>
          <ticker value="ESP"/>
          <other otherDesc="SEDOL" value="BLWDVR7"/>
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        <balance>20214.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hysan Development Co Ltd</name>
        <lei>5299007BABFLKIH9HL03</lei>
        <title>Hysan Development Co Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="HK0014000126"/>
          <ticker value="14"/>
          <other otherDesc="SEDOL" value="6449629"/>
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        <balance>21402.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>QTS Realty Trust Inc</name>
        <lei>5493006PA4CJK4OG2J54</lei>
        <title>QTS Realty Trust Inc</title>
        <cusip>74736A103</cusip>
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          <isin value="US74736A1034"/>
          <ticker value="QTS"/>
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        <balance>1969.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Office Properties Income Trust</name>
        <lei>N/A</lei>
        <title>Office Properties Income Trust</title>
        <cusip>67623C109</cusip>
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          <isin value="US67623C1099"/>
          <ticker value="OPI"/>
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        <balance>1632.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>52452.48000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UK Commercial Property REIT Lt</name>
        <lei>213800JN4FQ1A9G8EU25</lei>
        <title>UK Commercial Property REIT Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="GB00B19Z2J52"/>
          <ticker value="UKCM"/>
          <other otherDesc="SEDOL" value="B19Z2J5"/>
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        <assetCat>EC</assetCat>
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        <invCountry>GG</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Hufvudstaden AB</name>
        <lei>213800UEV5ZAFFVQ4J85</lei>
        <title>Hufvudstaden AB</title>
        <cusip>000000000</cusip>
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          <isin value="SE0000170375"/>
          <ticker value="HUFVA"/>
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        <assetCat>EC</assetCat>
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        <invCountry>SE</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Mapletree Commercial Trust</name>
        <lei>549300BF18K4IC5LZ208</lei>
        <title>Mapletree Commercial Trust</title>
        <cusip>000000000</cusip>
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          <isin value="SG2D18969584"/>
          <ticker value="MCT"/>
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        <assetCat>EC</assetCat>
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        <invCountry>SG</invCountry>
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      <invstOrSec>
        <name>LEG Immobilien AG</name>
        <lei>391200SO40AKONBO0Z96</lei>
        <title>LEG Immobilien AG</title>
        <cusip>000000000</cusip>
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          <isin value="DE000LEG1110"/>
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      <invstOrSec>
        <name>Brookfield Property REIT Inc</name>
        <lei>549300K1JD1LDRNBET48</lei>
        <title>Brookfield Property REIT Inc</title>
        <cusip>11282X103</cusip>
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          <isin value="US11282X1037"/>
          <ticker value="BPR"/>
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        <name>Kiwi Property Group Ltd</name>
        <lei>N/A</lei>
        <title>Kiwi Property Group Ltd</title>
        <cusip>000000000</cusip>
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          <ticker value="KPG"/>
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      <invstOrSec>
        <name>Universal Health Realty Income</name>
        <lei>549300L4MWZL4IH6H172</lei>
        <title>Universal Health Realty Income Trust</title>
        <cusip>91359E105</cusip>
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          <ticker value="UHT"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Realty Income Corp</name>
        <lei>549300CUWDAUZSH43859</lei>
        <title>Realty Income Corp</title>
        <cusip>756109104</cusip>
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          <ticker value="O"/>
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        <balance>11224.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hulic Reit Inc</name>
        <lei>N/A</lei>
        <title>Hulic Reit Inc</title>
        <cusip>000000000</cusip>
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          <ticker value="3295"/>
          <other otherDesc="SEDOL" value="BJ04C42"/>
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        <balance>40.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="108.65500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Manulife US Real Estate Invest</name>
        <lei>254900OMIOIPNIC1T502</lei>
        <title>Manulife US Real Estate Investment Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1CI1000004"/>
          <ticker value="MUST"/>
          <other otherDesc="SEDOL" value="BYV9SY3"/>
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        <balance>48900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>48900.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Custodian Reit PLC</name>
        <lei>2138001BOD1J5XK1CX76</lei>
        <title>Custodian Reit PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BJFLFT45"/>
          <ticker value="CREI"/>
          <other otherDesc="SEDOL" value="BJFLFT4"/>
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        <balance>12991.00000000</balance>
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        <valUSD>19617.11000000</valUSD>
        <pctVal>0.033834838470</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Wereldhave NV</name>
        <lei>724500YRQCY3BD9RJZ92</lei>
        <title>Wereldhave NV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0000289213"/>
          <ticker value="WHA"/>
          <other otherDesc="SEDOL" value="4948623"/>
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        <balance>1390.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.89150000"/>
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        <pctVal>0.054106634474</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>First Industrial Realty Trust</name>
        <lei>N/A</lei>
        <title>First Industrial Realty Trust Inc</title>
        <cusip>32054K103</cusip>
        <identifiers>
          <isin value="US32054K1034"/>
          <ticker value="FR"/>
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        <balance>4315.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>179115.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ascendas Real Estate Investmen</name>
        <lei>549300ILIBAEMQZK3L20</lei>
        <title>Ascendas Real Estate Investment Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1M77906915"/>
          <ticker value="AREIT"/>
          <other otherDesc="SEDOL" value="6563875"/>
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        <balance>101100.00000000</balance>
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        <currencyConditional curCd="SGD" exchangeRt="1.34495000"/>
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        <pctVal>0.385061897471</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hudson Pacific Properties Inc</name>
        <lei>N/A</lei>
        <title>Hudson Pacific Properties Inc</title>
        <cusip>444097109</cusip>
        <identifiers>
          <isin value="US4440971095"/>
          <ticker value="HPP"/>
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        <balance>5224.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>196683.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SmartCentres Real Estate Inves</name>
        <lei>549300HKEP2IYWZ14H97</lei>
        <title>SmartCentres Real Estate Investment Trust</title>
        <cusip>83179X108</cusip>
        <identifiers>
          <isin value="CA83179X1087"/>
          <ticker value="SRU-U"/>
          <other otherDesc="SEDOL" value="BZ22BK5"/>
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        <balance>4385.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.29855000"/>
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        <pctVal>0.181774835077</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Leasinvest Real Estate SCA</name>
        <lei>549300BPHBCHEODTG670</lei>
        <title>Leasinvest Real Estate SCA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BE0003770840"/>
          <ticker value="LEAS"/>
          <other otherDesc="SEDOL" value="5713143"/>
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        <balance>84.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Swire Properties Ltd</name>
        <lei>5299001L12PHYVQ92465</lei>
        <title>Swire Properties Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0000063609"/>
          <ticker value="1972"/>
          <other otherDesc="SEDOL" value="B67C2G0"/>
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        <balance>36266.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.79230000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Phoenix Spree Deutschland Ltd</name>
        <lei>213800OR6IIJPG98AG39</lei>
        <title>Phoenix Spree Deutschland Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JE00B248KJ21"/>
          <ticker value="PSDL"/>
          <other otherDesc="SEDOL" value="BVG2VP8"/>
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        <balance>2924.00000000</balance>
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        <valUSD>12394.10000000</valUSD>
        <pctVal>0.021376868023</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Camden Property Trust</name>
        <lei>5493002MYX22OHYJBD89</lei>
        <title>Camden Property Trust</title>
        <cusip>133131102</cusip>
        <identifiers>
          <isin value="US1331311027"/>
          <ticker value="CPT"/>
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        <balance>3212.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>340793.20000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Vornado Realty Trust</name>
        <lei>N/A</lei>
        <title>Vornado Realty Trust</title>
        <cusip>929042109</cusip>
        <identifiers>
          <isin value="US9290421091"/>
          <ticker value="VNO"/>
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        <balance>5947.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>395475.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RioCan REIT</name>
        <lei>549300S8HVUSEU3JBY60</lei>
        <title>RioCan Real Estate Investment Trust</title>
        <cusip>766910103</cusip>
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          <isin value="CA7669101031"/>
          <ticker value="REI-U"/>
          <other otherDesc="SEDOL" value="2229610"/>
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        <balance>10900.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mitsui Fudosan Logistics Park</name>
        <lei>353800DN63EIYS760S59</lei>
        <title>Mitsui Fudosan Logistics Park Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3048300002"/>
          <ticker value="3471"/>
          <other otherDesc="SEDOL" value="BYZWTW3"/>
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        <balance>12.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sirius Real Estate Ltd</name>
        <lei>213800NURUF5W8QSK566</lei>
        <title>Sirius Real Estate Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="GG00B1W3VF54"/>
          <ticker value="SRE"/>
          <other otherDesc="SEDOL" value="B1W3VF5"/>
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        <balance>32398.00000000</balance>
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        <pctVal>0.065505549542</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Invincible Investment Corp</name>
        <lei>N/A</lei>
        <title>Invincible Investment Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3046190009"/>
          <ticker value="8963"/>
          <other otherDesc="SEDOL" value="B00STP1"/>
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        <balance>168.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CapitaLand Ltd</name>
        <lei>2549006LYGY45GHGWZ89</lei>
        <title>CapitaLand Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="SG1J27887962"/>
          <ticker value="CAPL"/>
          <other otherDesc="SEDOL" value="6309303"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Big Yellow Group PLC</name>
        <lei>213800W7Q4V2ZI8LIW31</lei>
        <title>Big Yellow Group PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0002869419"/>
          <ticker value="BYG"/>
          <other otherDesc="SEDOL" value="0286941"/>
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        <balance>5281.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Capital &amp; Counties Properties</name>
        <lei>549300TTXXZ1SHUI0D54</lei>
        <title>Capital &amp; Counties Properties PLC</title>
        <cusip>000000000</cusip>
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          <isin value="GB00B62G9D36"/>
          <ticker value="CAPC"/>
          <other otherDesc="SEDOL" value="B62G9D3"/>
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        <balance>25340.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>United Urban Investment Corp</name>
        <lei>353800GYZWBD7BDCN841</lei>
        <title>United Urban Investment Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3045540006"/>
          <ticker value="8960"/>
          <other otherDesc="SEDOL" value="6723839"/>
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        <balance>102.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>British Land Co PLC/The</name>
        <lei>RV5B68J2GV3QGMRPW209</lei>
        <title>British Land Co PLC/The</title>
        <cusip>000000000</cusip>
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          <isin value="GB0001367019"/>
          <ticker value="BLND"/>
          <other otherDesc="SEDOL" value="0136701"/>
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        <balance>32061.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Wihlborgs Fastigheter AB</name>
        <lei>549300RC1YDJPITF8X06</lei>
        <title>Wihlborgs Fastigheter AB</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0011205194"/>
          <ticker value="WIHL"/>
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      <invstOrSec>
        <name>Standard Life Investment Prope</name>
        <lei>549300HHFBWZRKC7RW84</lei>
        <title>Standard Life Investment Property Income Trust Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0033875286"/>
          <ticker value="SLI"/>
          <other otherDesc="SEDOL" value="3387528"/>
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        <balance>13995.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PSP Swiss Property AG</name>
        <lei>50670042Y437P8X44F56</lei>
        <title>PSP Swiss Property AG</title>
        <cusip>000000000</cusip>
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          <isin value="CH0018294154"/>
          <ticker value="PSPN"/>
          <other otherDesc="SEDOL" value="B012877"/>
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        <balance>1352.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Rexford Industrial Realty Inc</name>
        <lei>549300MSLO0DF0EMX355</lei>
        <title>Rexford Industrial Realty Inc</title>
        <cusip>76169C100</cusip>
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          <isin value="US76169C1009"/>
          <ticker value="REXR"/>
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        <balance>3789.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Frasers Logistics &amp; Industrial</name>
        <lei>N/A</lei>
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          <isin value="SG1CI9000006"/>
          <ticker value="FLT"/>
          <other otherDesc="SEDOL" value="BYYFHZ2"/>
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        <balance>57100.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NSI NV</name>
        <lei>724500I77C30W2LZZJ03</lei>
        <title>NSI NV</title>
        <cusip>000000000</cusip>
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          <isin value="NL0012365084"/>
          <ticker value="NSI"/>
          <other otherDesc="SEDOL" value="BZBY737"/>
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        <balance>613.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New World Development Co Ltd</name>
        <lei>2549008GWMWXTIRL4S48</lei>
        <title>New World Development Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0017000149"/>
          <ticker value="17"/>
          <other otherDesc="SEDOL" value="6633767"/>
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        <balance>197159.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.79230000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Daiwa House Residential Invest</name>
        <lei>3538001FWU534P8JMO05</lei>
        <title>Daiwa House REIT Investment Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3046390005"/>
          <ticker value="8984"/>
          <other otherDesc="SEDOL" value="B0Z6WY0"/>
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        <balance>64.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ICADE</name>
        <lei>969500UDH342QLTE1M42</lei>
        <title>ICADE</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000035081"/>
          <ticker value="ICAD"/>
          <other otherDesc="SEDOL" value="4554406"/>
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        <balance>1097.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Intervest Offices &amp; Warehouses</name>
        <lei>549300MEVEE709A1SM83</lei>
        <title>Intervest Offices &amp; Warehouses NV</title>
        <cusip>000000000</cusip>
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          <isin value="BE0003746600"/>
          <ticker value="INTO"/>
          <other otherDesc="SEDOL" value="5633605"/>
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        <balance>763.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UOL Group Ltd</name>
        <lei>254900O9PRCWTMR86R25</lei>
        <title>UOL Group Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="SG1S83002349"/>
          <ticker value="UOL"/>
          <other otherDesc="SEDOL" value="6916844"/>
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        <balance>17000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RLJ Lodging Trust</name>
        <lei>N/A</lei>
        <title>RLJ Lodging Trust</title>
        <cusip>74965L101</cusip>
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          <isin value="US74965L1017"/>
          <ticker value="RLJ"/>
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        <balance>5786.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>102527.92000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Atrium Ljungberg AB</name>
        <lei>5493001NNP6HM67OVU09</lei>
        <title>Atrium Ljungberg AB</title>
        <cusip>000000000</cusip>
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          <isin value="SE0000191827"/>
          <ticker value="ATRLJB"/>
          <other otherDesc="SEDOL" value="B1TJ338"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>SE</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Highwoods Properties Inc</name>
        <lei>ZIIGTYKL9T0X3HLTDX53</lei>
        <title>Highwoods Properties Inc</title>
        <cusip>431284108</cusip>
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          <isin value="US4312841087"/>
          <ticker value="HIW"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Frontier Real Estate Investmen</name>
        <lei>N/A</lei>
        <title>Frontier Real Estate Investment Corp</title>
        <cusip>000000000</cusip>
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          <isin value="JP3046200006"/>
          <ticker value="8964"/>
          <other otherDesc="SEDOL" value="B020QY3"/>
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        <balance>16.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>Aeon Mall Co Ltd</name>
        <lei>N/A</lei>
        <title>Aeon Mall Co Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="JP3131430005"/>
          <ticker value="8905"/>
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        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>Kungsleden AB</name>
        <lei>5493005OXRTBK0WSJN46</lei>
        <title>Kungsleden AB</title>
        <cusip>000000000</cusip>
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          <isin value="SE0000549412"/>
          <ticker value="KLED"/>
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        <assetCat>EC</assetCat>
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        <invCountry>SE</invCountry>
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        <name>FIRST CAPITAL REAL ESTATE INVE</name>
        <lei>549300U55W8QFK2YTK38</lei>
        <title>FIRST CAPITAL REAL ESTATE INVESTMENT TRUST</title>
        <cusip>31890B103</cusip>
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          <isin value="CA31890B1031"/>
          <ticker value="FCR-U"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Washington Real Estate Investm</name>
        <lei>549300DI34BGS8LVKW95</lei>
        <title>Washington Real Estate Investment Trust</title>
        <cusip>939653101</cusip>
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          <isin value="US9396531017"/>
          <ticker value="WRE"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>BGP HOLDINGS PLC</name>
        <lei>N/A</lei>
        <title>BGP HOLDINGS PLC</title>
        <cusip>000000000</cusip>
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        <name>Unibail-Rodamco-Westfield</name>
        <lei>N/A</lei>
        <title>Unibail-Rodamco-Westfield</title>
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          <isin value="FR0013326246"/>
          <ticker value="URW"/>
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        <invCountry>FR</invCountry>
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        <name>Paramount Group Inc</name>
        <lei>5493006GJU1CFI7Z5J17</lei>
        <title>Paramount Group Inc</title>
        <cusip>69924R108</cusip>
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          <isin value="US69924R1086"/>
          <ticker value="PGRE"/>
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        <balance>6718.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LXI REIT plc</name>
        <lei>2138008YZGXOKAXQVI45</lei>
        <title>LXI REIT plc</title>
        <cusip>000000000</cusip>
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        <balance>17968.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AEON REIT Investment Corp</name>
        <lei>353800P59F8MJB4FE788</lei>
        <title>AEON REIT Investment Corp</title>
        <cusip>000000000</cusip>
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          <isin value="JP3047650001"/>
          <ticker value="3292"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Acadia Realty Trust</name>
        <lei>N/A</lei>
        <title>Acadia Realty Trust</title>
        <cusip>004239109</cusip>
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          <isin value="US0042391096"/>
          <ticker value="AKR"/>
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        <balance>2927.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>75897.11000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Swiss Prime Site AG</name>
        <lei>506700XI9H64OPR34158</lei>
        <title>Swiss Prime Site AG</title>
        <cusip>000000000</cusip>
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          <isin value="CH0008038389"/>
          <ticker value="SPSN"/>
          <other otherDesc="SEDOL" value="B083BH4"/>
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        <balance>2589.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Orix JREIT Inc</name>
        <lei>N/A</lei>
        <title>Orix JREIT Inc</title>
        <cusip>000000000</cusip>
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          <isin value="JP3040880001"/>
          <ticker value="8954"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Japan Rental Housing Investmen</name>
        <lei>N/A</lei>
        <title>Japan Rental Housing Investments Inc</title>
        <cusip>000000000</cusip>
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          <isin value="JP3046410001"/>
          <ticker value="8986"/>
          <other otherDesc="SEDOL" value="B15T1S3"/>
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        <balance>52.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Senior Housing Properties Trus</name>
        <lei>N/A</lei>
        <title>Senior Housing Properties Trust</title>
        <cusip>81721M109</cusip>
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          <isin value="US81721M1099"/>
          <ticker value="SNH"/>
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        <balance>8101.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>68372.44000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Regional REIT Ltd</name>
        <lei>549300D8G4NKLRIKBX73</lei>
        <title>Regional REIT Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="GG00BYV2ZQ34"/>
          <ticker value="RGL"/>
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        <balance>12686.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NorthWest Healthcare Propertie</name>
        <lei>N/A</lei>
        <title>NorthWest Healthcare Properties Real Estate Investment Trust</title>
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          <isin value="CA6674951059"/>
          <ticker value="NWH-U"/>
          <other otherDesc="SEDOL" value="B4Y8WM3"/>
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        <balance>3528.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VICI Properties Inc</name>
        <lei>254900RKH6RY9KCJQH63</lei>
        <title>VICI Properties Inc</title>
        <cusip>925652109</cusip>
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          <isin value="US9256521090"/>
          <ticker value="VICI"/>
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        <balance>15887.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Japan Hotel REIT Investment Co</name>
        <lei>353800L8KG849FP1JI68</lei>
        <title>Japan Hotel REIT Investment Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3046400002"/>
          <ticker value="8985"/>
          <other otherDesc="SEDOL" value="B1530B1"/>
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        <balance>154.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CA Immobilien Anlagen AG</name>
        <lei>5299003ICAPV07J0R180</lei>
        <title>CA Immobilien Anlagen AG</title>
        <cusip>000000000</cusip>
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          <isin value="AT0000641352"/>
          <ticker value="CAI"/>
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        <assetCat>EC</assetCat>
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        <invCountry>AT</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>InterRent Real Estate Investme</name>
        <lei>N/A</lei>
        <title>InterRent Real Estate Investment Trust</title>
        <cusip>46071W205</cusip>
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          <isin value="CA46071W2058"/>
          <ticker value="IIP-U"/>
          <other otherDesc="SEDOL" value="B1L9R12"/>
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        <invCountry>CA</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Helical PLC</name>
        <lei>2138003SBD2Z7WV2MP70</lei>
        <title>Helical PLC</title>
        <cusip>000000000</cusip>
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          <isin value="GB00B0FYMT95"/>
          <ticker value="HLCL"/>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Comforia Residential REIT Inc</name>
        <lei>N/A</lei>
        <title>Comforia Residential REIT Inc</title>
        <cusip>000000000</cusip>
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          <isin value="JP3047540004"/>
          <ticker value="3282"/>
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        <invCountry>JP</invCountry>
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        <name>MCUBS MidCity Investment Corp</name>
        <lei>353800WZPKHG2SQS1P32</lei>
        <title>MCUBS MidCity Investment Corp</title>
        <cusip>000000000</cusip>
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          <isin value="JP3046450007"/>
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        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>Sumitomo Realty &amp; Development</name>
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          <isin value="JP3409000001"/>
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        <name>RDI REIT PLC</name>
        <lei>2138006NHZUMMRYQ1745</lei>
        <title>RDI REIT PLC</title>
        <cusip>000000000</cusip>
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        <name>National Health Investors Inc</name>
        <lei>549300ZPKZIG6DKDEC02</lei>
        <title>National Health Investors Inc</title>
        <cusip>63633D104</cusip>
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        <name>Spirit Realty Capital Inc</name>
        <lei>549300LTU6LVPZSHMJ25</lei>
        <title>Spirit Realty Capital Inc</title>
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          <ticker value="SRC"/>
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        <name>Regency Centers Corp</name>
        <lei>529900053A7X7FJ97S58</lei>
        <title>Regency Centers Corp</title>
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        <invCountry>US</invCountry>
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        <name>Terreno Realty Corp</name>
        <lei>N/A</lei>
        <title>Terreno Realty Corp</title>
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          <ticker value="TRNO"/>
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        <name>Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio</name>
        <lei>549300D1XR6GP7EZ0T47</lei>
        <title>Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio</title>
        <cusip>61747C582</cusip>
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          <ticker value="MISXX"/>
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        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Keppel DC REIT</name>
        <lei>N/A</lei>
        <title>Keppel DC REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1AF6000009"/>
          <ticker value="KDCREIT"/>
          <other otherDesc="SEDOL" value="BT9Q186"/>
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        <balance>41733.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.34495000"/>
        <valUSD>64541.17000000</valUSD>
        <pctVal>0.111318133079</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Intu Properties PLC</name>
        <lei>213800JSNTERD5CJZO95</lei>
        <title>Intu Properties PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0006834344"/>
          <ticker value="INTU"/>
          <other otherDesc="SEDOL" value="0683434"/>
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        <balance>30550.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75494000"/>
        <valUSD>13758.71000000</valUSD>
        <pctVal>0.023730494981</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>National Storage Affiliates Tr</name>
        <lei>N/A</lei>
        <title>National Storage Affiliates Trust</title>
        <cusip>637870106</cusip>
        <identifiers>
          <isin value="US6378701063"/>
          <ticker value="NSA"/>
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        <balance>2030.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>68248.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>H&amp;R Real Estate Investment Tru</name>
        <lei>549300TGNP6B6GUVGW10</lei>
        <title>H&amp;R Real Estate Investment Trust</title>
        <cusip>403925407</cusip>
        <identifiers>
          <isin value="CA4039254079"/>
          <ticker value="HR-U"/>
          <other otherDesc="SEDOL" value="BGM8DW6"/>
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        <balance>9853.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Assura PLC</name>
        <lei>21380026T19N2Y52XF72</lei>
        <title>Assura PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BVGBWW93"/>
          <ticker value="AGR"/>
          <other otherDesc="SEDOL" value="BVGBWW9"/>
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        <balance>81386.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75494000"/>
        <valUSD>83871.98000000</valUSD>
        <pctVal>0.144659172297</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Alexandria Real Estate Equitie</name>
        <lei>MGCJBT4MKTQBVLNUIS88</lei>
        <title>Alexandria Real Estate Equities Inc</title>
        <cusip>015271109</cusip>
        <identifiers>
          <isin value="US0152711091"/>
          <ticker value="ARE"/>
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        <balance>3917.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>632908.86000000</valUSD>
        <pctVal>1.091616912193</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Prologis Inc</name>
        <lei>529900DFH19P073LZ636</lei>
        <title>Prologis Inc</title>
        <cusip>74340W103</cusip>
        <identifiers>
          <isin value="US74340W1036"/>
          <ticker value="PLD"/>
        </identifiers>
        <balance>21632.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1928276.48000000</valUSD>
        <pctVal>3.325817270046</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Japan Real Estate Investment C</name>
        <lei>3538003YAIR3CBGJJ928</lei>
        <title>Japan Real Estate Investment Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3027680002"/>
          <ticker value="8952"/>
          <other otherDesc="SEDOL" value="6397580"/>
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        <balance>45.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.65500000"/>
        <valUSD>298191.52000000</valUSD>
        <pctVal>0.514309289815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Merlin Properties Socimi SA</name>
        <lei>959800L8KD863DP30X04</lei>
        <title>Merlin Properties Socimi SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ES0105025003"/>
          <ticker value="MRL"/>
          <other otherDesc="SEDOL" value="BNGNB77"/>
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        <balance>11407.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.89150000"/>
        <valUSD>163651.74000000</valUSD>
        <pctVal>0.282260240588</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Grand City Properties SA</name>
        <lei>5299002QLUYKK2WBMB18</lei>
        <title>Grand City Properties SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="LU0775917882"/>
          <ticker value="GYC"/>
          <other otherDesc="SEDOL" value="B8K9X70"/>
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        <balance>3798.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.89150000"/>
        <valUSD>91083.84000000</valUSD>
        <pctVal>0.157097911651</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Wharf Real Estate Investment C</name>
        <lei>529900QLPKS8U9QOPB59</lei>
        <title>Wharf Real Estate Investment Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG9593A1040"/>
          <ticker value="1997"/>
          <other otherDesc="SEDOL" value="BF0GWS4"/>
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        <balance>41422.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.79230000"/>
        <valUSD>252764.41000000</valUSD>
        <pctVal>0.435958353872</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Allied Properties Real Estate</name>
        <lei>549300AMZMPKVHA0MY77</lei>
        <title>Allied Properties Real Estate Investment Trust</title>
        <cusip>019456102</cusip>
        <identifiers>
          <isin value="CA0194561027"/>
          <ticker value="AP-U"/>
          <other otherDesc="SEDOL" value="2387701"/>
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        <balance>4013.00000000</balance>
        <units>NS</units>
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        <valUSD>160915.57000000</valUSD>
        <pctVal>0.277540999579</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tanger Factory Outlet Centers</name>
        <lei>UKEW8YSXE4Y581KYOL30</lei>
        <title>Tanger Factory Outlet Centers Inc</title>
        <cusip>875465106</cusip>
        <identifiers>
          <isin value="US8754651060"/>
          <ticker value="SKT"/>
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        <balance>3087.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>45471.51000000</valUSD>
        <pctVal>0.078427515359</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nippon Prologis REIT Inc</name>
        <lei>353800PHBMSDLAFURY41</lei>
        <title>Nippon Prologis REIT Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3047550003"/>
          <ticker value="3283"/>
          <other otherDesc="SEDOL" value="B98BC67"/>
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        <balance>70.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="108.65500000"/>
        <valUSD>178068.20000000</valUSD>
        <pctVal>0.307125197526</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JBG SMITH Properties</name>
        <lei>N/A</lei>
        <title>JBG SMITH Properties</title>
        <cusip>46590V100</cusip>
        <identifiers>
          <isin value="US46590V1008"/>
          <ticker value="JBGS"/>
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        <balance>4203.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>167657.67000000</valUSD>
        <pctVal>0.289169514914</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Frasers Centrepoint Trust</name>
        <lei>5493002RGQ266FKERZ83</lei>
        <title>Frasers Centrepoint Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1T60930966"/>
          <ticker value="FCT"/>
          <other otherDesc="SEDOL" value="B17NZ47"/>
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        <balance>24400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.34495000"/>
        <valUSD>50978.85000000</valUSD>
        <pctVal>0.087926364033</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Chartwell Retirement Residence</name>
        <lei>N/A</lei>
        <title>Chartwell Retirement Residences</title>
        <cusip>16141A103</cusip>
        <identifiers>
          <isin value="CA16141A1030"/>
          <ticker value="CSH-U"/>
          <other otherDesc="SEDOL" value="B8S8C94"/>
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        <balance>7380.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Digital Realty Trust Inc</name>
        <lei>549300HKCZ31D08NEI41</lei>
        <title>Digital Realty Trust Inc</title>
        <cusip>253868103</cusip>
        <identifiers>
          <isin value="US2538681030"/>
          <ticker value="DLR"/>
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        <balance>7153.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>856500.22000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Link REIT</name>
        <lei>529900XUE70U36QX5M62</lei>
        <title>Link REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0823032773"/>
          <ticker value="823"/>
          <other otherDesc="SEDOL" value="B0PB4M7"/>
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        <balance>72554.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.79230000"/>
        <valUSD>768156.39000000</valUSD>
        <pctVal>1.324886661459</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mid-America Apartment Communit</name>
        <lei>549300FQZKFR5YNSHZ21</lei>
        <title>Mid-America Apartment Communities Inc</title>
        <cusip>59522J103</cusip>
        <identifiers>
          <isin value="US59522J1034"/>
          <ticker value="MAA"/>
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        <balance>3908.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>515308.88000000</valUSD>
        <pctVal>0.888784979896</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Retail Estates NV</name>
        <lei>5493007CO5W5OBFG7L21</lei>
        <title>Retail Estates NV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BE0003720340"/>
          <ticker value="RET"/>
          <other otherDesc="SEDOL" value="5438361"/>
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        <balance>346.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.89150000"/>
        <valUSD>32562.42000000</valUSD>
        <pctVal>0.056162412347</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Immobiliare Grande Distribuzio</name>
        <lei>815600CF8C0389D0E272</lei>
        <title>Immobiliare Grande Distribuzione SIIQ SpA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0005322612"/>
          <ticker value="IGD"/>
          <other otherDesc="SEDOL" value="BF0VLX7"/>
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        <balance>1681.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.89150000"/>
        <valUSD>11690.63000000</valUSD>
        <pctVal>0.020163549965</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Pebblebrook Hotel Trust</name>
        <lei>5493004Q1NNH6JXCSI52</lei>
        <title>Pebblebrook Hotel Trust</title>
        <cusip>70509V100</cusip>
        <identifiers>
          <isin value="US70509V1008"/>
          <ticker value="PEB"/>
        </identifiers>
        <balance>4450.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>119304.50000000</valUSD>
        <pctVal>0.205771822977</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Azrieli Group Ltd</name>
        <lei>N/A</lei>
        <title>Azrieli Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0011194789"/>
          <ticker value="AZRG"/>
          <other otherDesc="SEDOL" value="B5MN1W0"/>
        </identifiers>
        <balance>1261.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.45330000"/>
        <valUSD>92202.39000000</valUSD>
        <pctVal>0.159027143763</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GPT Group/The</name>
        <lei>N/A</lei>
        <title>GPT Group/The</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000GPT8"/>
          <ticker value="GPT"/>
          <other otherDesc="SEDOL" value="6365866"/>
        </identifiers>
        <balance>66841.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.42501000"/>
        <valUSD>262671.56000000</valUSD>
        <pctVal>0.453045825979</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Crombie Real Estate Investment</name>
        <lei>N/A</lei>
        <title>Crombie Real Estate Investment Trust</title>
        <cusip>227107109</cusip>
        <identifiers>
          <isin value="CA2271071094"/>
          <ticker value="CRR-U"/>
          <other otherDesc="SEDOL" value="B11YBV5"/>
        </identifiers>
        <balance>3042.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.29855000"/>
        <valUSD>37341.25000000</valUSD>
        <pctVal>0.064404754931</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Brandywine Realty Trust</name>
        <lei>5UZ46ZCYUFYYAC0DS831</lei>
        <title>Brandywine Realty Trust</title>
        <cusip>105368203</cusip>
        <identifiers>
          <isin value="US1053682035"/>
          <ticker value="BDN"/>
        </identifiers>
        <balance>5993.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>94389.75000000</valUSD>
        <pctVal>0.162799818346</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Killam Apartment Real Estate I</name>
        <lei>N/A</lei>
        <title>Killam Apartment Real Estate Investment Trust</title>
        <cusip>49410M102</cusip>
        <identifiers>
          <isin value="CA49410M1023"/>
          <ticker value="KMP-U"/>
          <other otherDesc="SEDOL" value="BYZ1856"/>
        </identifiers>
        <balance>2910.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.29855000"/>
        <valUSD>42443.80000000</valUSD>
        <pctVal>0.073205437348</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invitation Homes Inc</name>
        <lei>N/A</lei>
        <title>Invitation Homes Inc</title>
        <cusip>46187W107</cusip>
        <identifiers>
          <isin value="US46187W1071"/>
          <ticker value="INVH"/>
        </identifiers>
        <balance>18397.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>551358.09000000</valUSD>
        <pctVal>0.950961273821</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Service Properties Trust</name>
        <lei>529900IS770AG1K9QG27</lei>
        <title>Service Properties Trust</title>
        <cusip>81761L102</cusip>
        <identifiers>
          <isin value="US81761L1026"/>
          <ticker value="SVC"/>
        </identifiers>
        <balance>5600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>136248.00000000</valUSD>
        <pctVal>0.234995321526</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Champion REIT</name>
        <lei>N/A</lei>
        <title>Champion REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK2778034606"/>
          <ticker value="2778"/>
          <other otherDesc="SEDOL" value="B14WZ47"/>
        </identifiers>
        <balance>67416.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79230000"/>
        <valUSD>44555.83000000</valUSD>
        <pctVal>0.076848185637</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vicinity Centres</name>
        <lei>N/A</lei>
        <title>Vicinity Centres</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000VCX7"/>
          <ticker value="VCX"/>
          <other otherDesc="SEDOL" value="BY7QXS7"/>
        </identifiers>
        <balance>107936.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.42501000"/>
        <valUSD>188602.63000000</valUSD>
        <pctVal>0.325294578104</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Target Healthcare REIT PLC</name>
        <lei>213800RXPY9WULUSBC04</lei>
        <title>Target Healthcare REIT PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BJGTLF51"/>
          <ticker value="THRL"/>
          <other otherDesc="SEDOL" value="BJGTLF5"/>
        </identifiers>
        <balance>15770.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75494000"/>
        <valUSD>24231.33000000</valUSD>
        <pctVal>0.041793268043</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alexander's Inc</name>
        <lei>549300TZM28P04U5R635</lei>
        <title>Alexander's Inc</title>
        <cusip>014752109</cusip>
        <identifiers>
          <isin value="US0147521092"/>
          <ticker value="ALX"/>
        </identifiers>
        <balance>73.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24115.55000000</valUSD>
        <pctVal>0.041593575142</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lexington Realty Trust</name>
        <lei>549300S4MH2ICXDBFV43</lei>
        <title>Lexington Realty Trust</title>
        <cusip>529043101</cusip>
        <identifiers>
          <isin value="US5290431015"/>
          <ticker value="LXP"/>
        </identifiers>
        <balance>8273.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>87859.26000000</valUSD>
        <pctVal>0.151536279818</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Castellum AB</name>
        <lei>549300GU5OHTR1T5IY68</lei>
        <title>Castellum AB</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0000379190"/>
          <ticker value="CAST"/>
          <other otherDesc="SEDOL" value="B0XP0T0"/>
        </identifiers>
        <balance>9291.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.36635000"/>
        <valUSD>218230.15000000</valUSD>
        <pctVal>0.376394987566</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Primary Health Properties PLC</name>
        <lei>213800Y5CJHXOATK7X11</lei>
        <title>Primary Health Properties PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BYRJ5J14"/>
          <ticker value="PHP"/>
          <other otherDesc="SEDOL" value="BYRJ5J1"/>
        </identifiers>
        <balance>41357.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75494000"/>
        <valUSD>87650.94000000</valUSD>
        <pctVal>0.151176977477</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Boardwalk Real Estate Investme</name>
        <lei>N/A</lei>
        <title>Boardwalk Real Estate Investment Trust</title>
        <cusip>096631106</cusip>
        <identifiers>
          <isin value="CA0966311064"/>
          <ticker value="BEI-U"/>
          <other otherDesc="SEDOL" value="B011205"/>
        </identifiers>
        <balance>1310.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.29855000"/>
        <valUSD>46334.99000000</valUSD>
        <pctVal>0.079916812525</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nomura Real Estate Holdings In</name>
        <lei>N/A</lei>
        <title>Nomura Real Estate Holdings Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3762900003"/>
          <ticker value="3231"/>
          <other otherDesc="SEDOL" value="B1CWJM5"/>
        </identifiers>
        <balance>3900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.65500000"/>
        <valUSD>94040.77000000</valUSD>
        <pctVal>0.162197911035</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>American Homes 4 Rent</name>
        <lei>549300ZJUO7A58PNUW40</lei>
        <title>American Homes 4 Rent</title>
        <cusip>02665T306</cusip>
        <identifiers>
          <isin value="US02665T3068"/>
          <ticker value="AMH"/>
        </identifiers>
        <balance>8843.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>231775.03000000</valUSD>
        <pctVal>0.399756676770</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Impact Healthcare Reit PLC</name>
        <lei>213800AX3FHPMJL4IJ53</lei>
        <title>Impact Healthcare Reit PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BYXVMJ03"/>
          <ticker value="IHR"/>
          <other otherDesc="SEDOL" value="BYXVMJ0"/>
        </identifiers>
        <balance>7296.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75494000"/>
        <valUSD>10437.49000000</valUSD>
        <pctVal>0.018002182185</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2020-02-24</ncom:dateSigned>
      <ncom:nameOfApplicant>First Trust Exchange-Traded Fund II</ncom:nameOfApplicant>
      <ncom:signature>Donald P. Swade</ncom:signature>
      <ncom:signerName>Donald P. Swade</ncom:signerName>
      <ncom:title>Treasurer, Chief Financial Officer and Chief Accounting Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
