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 12,095 95,866 SH   SOLE   95,866 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 3,924 176,900 SH   SOLE   176,900 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 7,303 172,650 SH   SOLE   172,650 0 0
AVALONBAY CMNTYS INC COM 053484101 18,143 105,550 SH   SOLE   105,550 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 3,168 187,700 SH   SOLE   187,700 0 0
CORESITE RLTY CORP COM 21870Q105 2,615 23,600 SH   SOLE   23,600 0 0
CUBESMART COM 229663109 13,592 421,857 SH   SOLE   421,857 0 0
EMPIRE ST RLTY TR INC CL A 292104106 4,015 234,800 SH   SOLE   234,800 0 0
EQUINIX INC COM PAR $0.001 29444U700 13,585 31,600 SH   SOLE   31,600 0 0
FIRST INDUSTRIAL REALTY TRUS COM 32054K103 7,655 229,600 SH   SOLE   229,600 0 0
FOREST CITY RLTY TR INC COM CL A 345605109 1,077 47,200 SH   SOLE   47,200 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 1,615 45,100 SH   SOLE   45,100 0 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 3,044 112,900 SH   SOLE   112,900 0 0
HIGHWOODS PPTYS INC COM 431284108 4,766 93,950 SH   SOLE   93,950 0 0
HOST HOTELS & RESORTS INC COM 44107P104 8,904 422,600 SH   SOLE   422,600 0 0
IRON MTN INC NEW COM 46284V101 2,010 57,400 SH   SOLE   57,400 0 0
LIBERTY PPTY TR SH BEN INT 531172104 9,970 224,900 SH   SOLE   224,900 0 0
NATIONAL RETAIL PPTYS INC COM 637417106 5,157 117,318 SH   SOLE   117,318 0 0
REGENCY CTRS CORP COM 758849103 6,028 97,100 SH   SOLE   97,100 0 0
RETAIL PPTYS AMER INC CL A 76131V202 2,805 219,500 SH   SOLE   219,500 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 4,868 224,000 SH   SOLE   224,000 0 0
SIMON PPTY GROUP INC NEW COM 828806109 15,637 91,882 SH   SOLE   91,882 0 0
STORE CAP CORP COM 862121100 9,606 350,600 SH   SOLE   350,600 0 0
SUN CMNTYS INC COM 866674104 6,450 65,900 SH   SOLE   65,900 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 3,726 224,200 SH   SOLE   224,200 0 0
TANGER FACTORY OUTLET CTRS I COM 875465106 1,520 64,700 SH   SOLE   64,700 0 0
TAUBMAN CTRS INC COM 876664103 1,880 32,000 SH   SOLE   32,000 0 0
VENTAS INC COM 92276F100 13,144 230,800 SH   SOLE   230,800 0 0
WEINGARTEN RLTY INVS SH BEN INT 948741103 3,287 106,700 SH   SOLE   106,700 0 0