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 7,670 47,466 SH   SOLE   47,466 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 4,896 104,100 SH   SOLE   104,100 0 0
AVALONBAY CMNTYS INC COM 053484101 13,337 63,600 SH   SOLE   63,600 0 0
CAMDEN PPTY TR SH BEN INT 133131102 6,631 62,500 SH   SOLE   62,500 0 0
CORESITE RLTY CORP COM 21870Q105 2,825 25,200 SH   SOLE   25,200 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 2,591 88,200 SH   SOLE   88,200 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301 3,512 317,000 SH   SOLE   317,000 0 0
DUKE REALTY CORP COM NEW 264411505 15,224 439,100 SH   SOLE   439,100 0 0
EQUINIX INC COM 29444U700 14,301 24,500 SH   SOLE   24,500 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 6,659 94,600 SH   SOLE   94,600 0 0
EXTRA SPACE STORAGE INC COM 30225T102 11,217 106,200 SH   SOLE   106,200 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 4,827 37,500 SH   SOLE   37,500 0 0
FIRST INDUSTRIAL REALTY TRUS COM 32054K103 4,720 113,700 SH   SOLE   113,700 0 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 2,849 94,100 SH   SOLE   94,100 0 0
HEALTHPEAK PPTYS INC COM 42250P103 14,195 411,800 SH   SOLE   411,800 0 0
HIGHWOODS PPTYS INC COM 431284108 3,947 80,700 SH   SOLE   80,700 0 0
HOST HOTELS & RESORTS INC COM 44107P104 8,921 480,900 SH   SOLE   480,900 0 0
HUDSON PAC PPTYS INC COM 444097109 3,547 94,200 SH   SOLE   94,200 0 0
INVITATION HOMES INC COM 46187W107 6,204 207,000 SH   SOLE   207,000 0 0
NATIONAL RETAIL PPTYS INC COM 637417106 8,445 157,500 SH   SOLE   157,500 0 0
RETAIL PPTYS AMER INC CL A 76131V202 2,724 203,300 SH   SOLE   203,300 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 5,171 242,300 SH   SOLE   242,300 0 0
SIMON PPTY GROUP INC NEW COM 828806109 4,902 32,907 SH   SOLE   32,907 0 0
SITE CENTERS CORP COM 82981J109 3,145 224,300 SH   SOLE   224,300 0 0
VORNADO RLTY TR SH BEN INT 929042109 5,014 75,400 SH   SOLE   75,400 0 0