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
AMERICAN CAMPUS CMNTYS INC COM 024835100 1,342 28,500 SH   SOLE   28,500 0 0
CAMDEN PPTY TR SH BEN INT 133131102 3,044 36,200 SH   SOLE   36,200 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 1,590 60,600 SH   SOLE   60,600 0 0
DCT INDUSTRIAL TRUST INC COM NEW 233153204 4,819 122,100 SH   SOLE   122,100 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301 2,861 282,700 SH   SOLE   282,700 0 0
DIGITAL RLTY TR INC COM 253868103 6,699 75,700 SH   SOLE   75,700 0 0
EASTGROUP PPTY INC COM 277276101 2,711 44,900 SH   SOLE   44,900 0 0
EMPIRE ST RLTY TR INC CL A 292104106 1,248 71,200 SH   SOLE   71,200 0 0
EQUITY COMWLTH COM SH BEN INT 294628102 2,164 76,700 SH   SOLE   76,700 0 0
EQUITY ONE COM 294752100 1,516 52,900 SH   SOLE   52,900 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 12,718 169,500 SH   SOLE   169,500 0 0
EXTRA SPACE STORAGE INC COM 30225T102 2,000 21,400 SH   SOLE   21,400 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 6,336 40,600 SH   SOLE   40,600 0 0
GENERAL GROWTH PPTYS INC NEW COM 370023103 3,377 113,600 SH   SOLE   113,600 0 0
LASALLE HOTEL PPTYS COM SH BEN INT 517942108 4,141 163,600 SH   SOLE   163,600 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 2,979 84,400 SH   SOLE   84,400 0 0
PENNSYLVANIA RL ESTATE INVT SH BEN INT 709102107 291 13,300 SH   SOLE   13,300 0 0
POST PPTYS INC COM 737464107 1,362 22,800 SH   SOLE   22,800 0 0
PUBLIC STORAGE COM 74460D109 7,447 27,000 SH   SOLE   27,000 0 0
RETAIL PPTYS AMER INC CL A 76131V202 2,189 138,100 SH   SOLE   138,100 0 0
SIMON PPTY GROUP INC NEW COM 828806109 12,835 61,800 SH   SOLE   61,800 0 0
SPIRIT RLTY CAP INC NEW COM 84860W102 6,004 533,700 SH   SOLE   533,700 0 0
STORE CAP CORP COM 862121100 2,611 100,900 SH   SOLE   100,900 0 0
SUN CMNTYS INC COM 866674104 1,475 20,600 SH   SOLE   20,600 0 0
VORNADO RLTY TR SH BEN INT 929042109 10,265 108,700 SH   SOLE   108,700 0 0
WELLTOWER INC COM 95040Q104 11,011 158,800 SH   SOLE   158,800 0 0