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 8,278 58,066 SH   SOLE   58,066 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 3,802 79,900 SH   SOLE   79,900 0 0
CORESITE RLTY CORP COM 21870Q105 4,334 40,500 SH   SOLE   40,500 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 2,768 101,400 SH   SOLE   101,400 0 0
CUBESMART COM 229663109 12,427 387,857 SH   SOLE   387,857 0 0
DUKE REALTY CORP COM NEW 264411505 8,458 276,600 SH   SOLE   276,600 0 0
EMPIRE ST RLTY TR INC CL A 292104106 2,286 144,700 SH   SOLE   144,700 0 0
EQUINIX INC COM 29444U700 13,278 29,300 SH   SOLE   29,300 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 19,455 258,300 SH   SOLE   258,300 0 0
HCP INC COM 40414L109 13,005 415,500 SH   SOLE   415,500 0 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 3,605 126,100 SH   SOLE   126,100 0 0
HIGHWOODS PPTYS INC COM 431284108 4,070 87,000 SH   SOLE   87,000 0 0
HOST HOTELS & RESORTS INC COM 44107P104 8,376 443,200 SH   SOLE   443,200 0 0
INVITATION HOMES INC COM 46187W107 3,722 153,000 SH   SOLE   153,000 0 0
KILROY RLTY CORP COM 49427F108 5,105 67,200 SH   SOLE   67,200 0 0
LIBERTY PPTY TR SH BEN INT 531172104 9,461 195,400 SH   SOLE   195,400 0 0
MID AMER APT CMNTYS INC COM 59522J103 6,254 57,200 SH   SOLE   57,200 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 5,204 267,300 SH   SOLE   267,300 0 0
SIMON PPTY GROUP INC NEW COM 828806109 10,187 55,907 SH   SOLE   55,907 0 0
SITE CENTERS CORP COM 82981J109 3,356 246,400 SH   SOLE   246,400 0 0
STORE CAP CORP COM 862121100 9,467 282,600 SH   SOLE   282,600 0 0
SUN CMNTYS INC COM 866674104 7,573 63,900 SH   SOLE   63,900 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 3,288 228,300 SH   SOLE   228,300 0 0
TANGER FACTORY OUTLET CTRS I COM 875465106 2,058 98,100 SH   SOLE   98,100 0 0
TAUBMAN CTRS INC COM 876664103 2,766 52,300 SH   SOLE   52,300 0 0
URBAN EDGE PPTYS COM 91704F104 3,490 183,700 SH   SOLE   183,700 0 0
WEINGARTEN RLTY INVS SH BEN INT 948741103 4,520 153,900 SH   SOLE   153,900 0 0