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
AMERICAN HOMES 4 RENT CL A 02665T306 3,509 123,200 SH   SOLE   123,200 0 0
AMERICAN TOWER CORP NEW COM 03027X100 4,877 20,175 SH   SOLE   20,175 0 0
BOSTON PROPERTIES INC COM 101121101 3,630 45,200 SH   SOLE   45,200 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 2,035 85,800 SH   SOLE   85,800 0 0
COUSINS PPTYS INC COM NEW 222795502 2,685 93,900 SH   SOLE   93,900 0 0
DUKE REALTY CORP COM NEW 264411505 9,815 266,000 SH   SOLE   266,000 0 0
EQUINIX INC COM 29444U700 16,065 21,135 SH   SOLE   21,135 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 6,204 101,200 SH   SOLE   101,200 0 0
EXTRA SPACE STORAGE INC COM 30225T102 6,912 64,600 SH   SOLE   64,600 0 0
FIRST INDL RLTY TR INC COM 32054K103 11,562 290,500 SH   SOLE   290,500 0 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 2,257 86,800 SH   SOLE   86,800 0 0
HIGHWOODS PPTYS INC COM 431284108 2,259 67,300 SH   SOLE   67,300 0 0
HOST HOTELS & RESORTS INC COM 44107P104 4,179 387,300 SH   SOLE   387,300 0 0
INVITATION HOMES INC COM 46187W107 2,877 102,800 SH   SOLE   102,800 0 0
JBG SMITH PPTYS COM 46590V100 1,952 73,000 SH   SOLE   73,000 0 0
LIFE STORAGE INC COM 53223X107 3,548 33,700 SH   SOLE   33,700 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 3,139 112,200 SH   SOLE   112,200 0 0
MID-AMER APT CMNTYS INC COM 59522J103 7,328 63,200 SH   SOLE   63,200 0 0
REALTY INCOME CORP COM 756109104 8,311 136,800 SH   SOLE   136,800 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 4,287 311,000 SH   SOLE   311,000 0 0
SIMON PPTY GROUP INC NEW COM 828806109 4,412 68,207 SH   SOLE   68,207 0 0
STORE CAP CORP COM 862121100 3,670 133,800 SH   SOLE   133,800 0 0
UDR INC COM 902653104 9,229 283,000 SH   SOLE   283,000 0 0
URBAN EDGE PPTYS COM 91704F104 1,501 154,400 SH   SOLE   154,400 0 0
VENTAS INC COM 92276F100 10,112 241,000 SH   SOLE   241,000 0 0
WEINGARTEN RLTY INVS SH BEN INT 948741103 2,663 157,000 SH   SOLE   157,000 0 0