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
HIGHWOODS PPTYS INC COM 431284108 2,307 61,800 SH   SOLE   61,800 0 0
FIRST INDL RLTY TR INC COM 32054K103 7,876 204,900 SH   SOLE   204,900 0 0
PS BUSINESS PKS INC CALIF COM 69360J107 6,342 47,900 SH   SOLE   47,900 0 0
INVITATION HOMES INC COM 46187W107 3,078 111,800 SH   SOLE   111,800 0 0
EXTRA SPACE STORAGE INC COM 30225T102 8,627 93,400 SH   SOLE   93,400 0 0
BOSTON PPTYS LTD PARTNERSHIP COM 101121101 4,040 44,700 SH   SOLE   44,700 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 2,027 80,000 SH   SOLE   80,000 0 0
HEALTHPEAK PROPERTIES INC COM 42250P103 8,312 301,600 SH   SOLE   301,600 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 2,536 93,200 SH   SOLE   93,200 0 0
MID-AMER APT CMNTYS INC COM 59522J103 6,743 58,800 SH   SOLE   58,800 0 0
SIMON PPTY GROUP INC NEW COM 828806109 4,288 62,707 SH   SOLE   62,707 0 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 2,302 86,800 SH   SOLE   86,800 0 0
CAMDEN PPTY TR SH BEN INT 133131102 5,035 55,200 SH   SOLE   55,200 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 5,854 93,700 SH   SOLE   93,700 0 0
VEREIT INC COM 92339V100 4,414 686,400 SH   SOLE   686,400 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 3,067 114,000 SH   SOLE   114,000 0 0
HOST HOTELS & RESORTS INC COM 44107P104 3,293 305,200 SH   SOLE   305,200 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 4,188 290,200 SH   SOLE   290,200 0 0
JBG SMITH PPTYS COM 46590V100 2,241 75,800 SH   SOLE   75,800 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 3,391 39,800 SH   SOLE   39,800 0 0
AMERICAN TOWER CORP NEW COM 03027X100 4,802 18,575 SH   SOLE   18,575 0 0
EQUINIX INC COM 29444U700 13,649 19,435 SH   SOLE   19,435 0 0
DUKE REALTY CORP COM NEW 264411505 4,215 119,100 SH   SOLE   119,100 0 0
REALTY INCOME CORP COM 756109104 6,432 108,100 SH   SOLE   108,100 0 0
AVALONBAY CMNTYS INC COM 053484101 4,314 27,900 SH   SOLE   27,900 0 0