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 5,300 37,566 SH   SOLE   37,566 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 5,484 118,800 SH   SOLE   118,800 0 0
CORESITE RLTY CORP COM 21870Q105 4,365 37,900 SH   SOLE   37,900 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 2,313 87,700 SH   SOLE   87,700 0 0
CUBESMART COM 229663109 11,081 331,357 SH   SOLE   331,357 0 0
DUKE REALTY CORP COM NEW 264411505 7,482 236,700 SH   SOLE   236,700 0 0
EQUINIX INC COM 29444U700 12,759 25,300 SH   SOLE   25,300 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 15,192 200,100 SH   SOLE   200,100 0 0
HCP INC COM 40414L109 12,507 391,100 SH   SOLE   391,100 0 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 3,004 109,500 SH   SOLE   109,500 0 0
HIGHWOODS PPTYS INC COM 431284108 2,949 71,400 SH   SOLE   71,400 0 0
HOST HOTELS & RESORTS INC COM 44107P104 8,157 447,700 SH   SOLE   447,700 0 0
INVITATION HOMES INC COM 46187W107 6,396 239,300 SH   SOLE   239,300 0 0
KILROY RLTY CORP COM 49427F108 3,683 49,900 SH   SOLE   49,900 0 0
LIBERTY PPTY TR SH BEN INT 531172104 8,537 170,600 SH   SOLE   170,600 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 4,544 230,800 SH   SOLE   230,800 0 0
SIMON PPTY GROUP INC NEW COM 828806109 7,478 46,807 SH   SOLE   46,807 0 0
SITE CENTERS CORP COM 82981J109 2,917 220,300 SH   SOLE   220,300 0 0
STORE CAP CORP COM 862121100 10,455 315,000 SH   SOLE   315,000 0 0
SUN CMNTYS INC COM 866674104 5,140 40,100 SH   SOLE   40,100 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 3,079 224,600 SH   SOLE   224,600 0 0
TANGER FACTORY OUTLET CTRS I COM 875465106 1,436 88,600 SH   SOLE   88,600 0 0
TAUBMAN CTRS INC COM 876664103 2,135 52,300 SH   SOLE   52,300 0 0
URBAN EDGE PPTYS COM 91704F104 2,837 163,700 SH   SOLE   163,700 0 0
VORNADO RLTY TR SH BEN INT 929042109 3,833 59,800 SH   SOLE   59,800 0 0
WEINGARTEN RLTY INVS SH BEN INT 948741103 3,765 137,300 SH   SOLE   137,300 0 0