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 8,227 63,000 SH   SOLE   63,000 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 1,723 42,000 SH   SOLE   42,000 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 6,390 146,200 SH   SOLE   146,200 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 4,236 232,900 SH   SOLE   232,900 0 0
BRIXMOR PPTY GROUP INC COM 11120U105 3,247 174,000 SH   SOLE   174,000 0 0
CORECIVIC INC COM 21871N101 574 25,500 SH   SOLE   25,500 0 0
CORESITE RLTY CORP COM 21870Q105 2,529 22,200 SH   SOLE   22,200 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 3,863 132,300 SH   SOLE   132,300 0 0
CUBESMART COM 229663109 11,637 402,400 SH   SOLE   402,400 0 0
DCT INDUSTRIAL TRUST INC COM NEW 233153204 6,501 110,600 SH   SOLE   110,600 0 0
DOUGLAS EMMETT INC COM 25960P109 5,609 136,600 SH   SOLE   136,600 0 0
DUKE REALTY CORP COM NEW 264411505 9,134 335,700 SH   SOLE   335,700 0 0
EMPIRE ST RLTY TR INC CL A 292104106 3,301 160,800 SH   SOLE   160,800 0 0
EQUINIX INC COM PAR $0.001 29444U700 12,962 28,600 SH   SOLE   28,600 0 0
FOREST CITY RLTY TR INC COM CL A 345605109 1,065 44,200 SH   SOLE   44,200 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 1,602 43,300 SH   SOLE   43,300 0 0
GEO GROUP INC NEW COM 36162J106 611 25,900 SH   SOLE   25,900 0 0
HCP INC COM 40414L109 4,421 169,500 SH   SOLE   169,500 0 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 3,755 125,000 SH   SOLE   125,000 0 0
HOST HOTELS & RESORTS INC COM 44107P104 9,449 476,000 SH   SOLE   476,000 0 0
INVITATION HOMES INC COM 46187W107 2,621 111,217 SH   SOLE   111,217 0 0
IRON MTN INC NEW COM 46284V101 2,011 53,300 SH   SOLE   53,300 0 0
NATIONAL RETAIL PPTYS INC COM 637417106 11,951 277,100 SH   SOLE   277,100 0 0
PENNSYLVANIA RL ESTATE INVT SH BEN INT 709102107 1,631 137,200 SH   SOLE   137,200 0 0
REGENCY CTRS CORP COM 758849103 4,829 69,800 SH   SOLE   69,800 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 2,919 155,500 SH   SOLE   155,500 0 0
SIMON PPTY GROUP INC NEW COM 828806109 17,466 101,700 SH   SOLE   101,700 0 0
SUN CMNTYS INC COM 866674104 5,075 54,700 SH   SOLE   54,700 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 2,942 178,000 SH   SOLE   178,000 0 0
TAUBMAN CTRS INC COM 876664103 2,401 36,700 SH   SOLE   36,700 0 0
UDR INC COM 902653104 16,379 425,200 SH   SOLE   425,200 0 0
URBAN EDGE PPTYS COM 91704F104 2,037 79,900 SH   SOLE   79,900 0 0
WELLTOWER INC COM 95040Q104 7,703 120,800 SH   SOLE   120,800 0 0