The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 1,507 17,800 SH   SOLE   17,800 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 881 24,300 SH   SOLE   24,300 0 0
AVALONBAY CMNTYS INC COM 053484101 6,503 37,200 SH   SOLE   37,200 0 0
BOSTON PROPERTIES INC COM 101121101 8,537 72,100 SH   SOLE   72,100 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 906 43,100 SH   SOLE   43,100 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301 4,946 447,600 SH   SOLE   447,600 0 0
DIGITAL RLTY TR INC COM 253868103 4,664 71,400 SH   SOLE   71,400 0 0
DUKE REALTY CORP COM NEW 264411505 3,618 189,900 SH   SOLE   189,900 0 0
EQUITY COMWLTH COM SH BEN INT 294628102 1,564 57,400 SH   SOLE   57,400 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 1,230 21,000 SH   SOLE   21,000 0 0
EQUITY ONE COM 294752100 755 31,000 SH   SOLE   31,000 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 8,248 109,800 SH   SOLE   109,800 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 3,725 27,300 SH   SOLE   27,300 0 0
FIRST INDUSTRIAL REALTY TRUS COM 32054K103 1,045 49,900 SH   SOLE   49,900 0 0
KIMCO RLTY CORP COM 49446R109 4,009 164,100 SH   SOLE   164,100 0 0
MACERICH CO COM 554382101 2,097 27,300 SH   SOLE   27,300 0 0
NATIONAL RETAIL PPTYS INC COM 637417106 3,036 83,700 SH   SOLE   83,700 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 8,911 253,500 SH   SOLE   253,500 0 0
PARAMOUNT GROUP INC COM 69924R108 1,250 74,400 SH   SOLE   74,400 0 0
PIEDMONT OFFICE REALTY TR IN COM CL A 720190206 1,285 71,800 SH   SOLE   71,800 0 0
POST PPTYS INC COM 737464107 944 16,200 SH   SOLE   16,200 0 0
PUBLIC STORAGE COM 74460D109 7,047 33,300 SH   SOLE   33,300 0 0
SIMON PPTY GROUP INC NEW COM 828806109 11,648 63,400 SH   SOLE   63,400 0 0
SPIRIT RLTY CAP INC NEW COM 84860W102 2,579 282,200 SH   SOLE   282,200 0 0
STORE CAP CORP COM 862121100 663 32,100 SH   SOLE   32,100 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 2,182 164,900 SH   SOLE   164,900 0 0
TANGER FACTORY OUTLET CTRS I COM 875465106 646 19,600 SH   SOLE   19,600 0 0