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
AGREE REALTY CORP COM 008492100 5,311 78,900 SH   SOLE   78,900 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 1,062 24,600 SH   SOLE   24,600 0 0
AMERICAN TOWER CORP NEW COM 03027X100 2,845 11,900 SH   SOLE   11,900 0 0
AMERICAN WTR WKS CO INC NEW COM 030420103 465 3,100 SH   SOLE   3,100 0 0
AMERICOLD RLTY TR COM 03064D108 28,125 731,100 SH   SOLE   731,100 0 0
APARTMENT INCOME REIT CORP COM 03750L109 11,999 280,609 SH   SOLE   280,609 0 0
APARTMENT INVT & MGMT CO CL A 03748R747 125 20,330 SH   SOLE   20,330 0 0
AVALONBAY CMNTYS INC COM 053484101 55,390 300,200 SH   SOLE   300,200 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 6,006 465,200 SH   SOLE   465,200 0 0
BRIXMOR PPTY GROUP INC COM 11120U105 49,104 2,427,300 SH   SOLE   2,427,300 0 0
CAMDEN PPTY TR SH BEN INT 133131102 57,395 522,200 SH   SOLE   522,200 0 0
CHENIERE ENERGY INC COM NEW 16411R208 302 4,200 SH   SOLE   4,200 0 0
CONSOLIDATED EDISON INC COM 209115104 419 5,600 SH   SOLE   5,600 0 0
CORESITE RLTY CORP COM 21870Q105 5,993 50,000 SH   SOLE   50,000 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 2,802 106,400 SH   SOLE   106,400 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 3,506 20,370 SH   SOLE   20,370 0 0
CUBESMART COM 229663109 7,740 204,600 SH   SOLE   204,600 0 0
DIGITAL RLTY TR INC COM 253868103 54,515 387,070 SH   SOLE   387,070 0 0
DUKE REALTY CORP COM NEW 264411505 10,332 246,400 SH   SOLE   246,400 0 0
EASTERLY GOVT PPTYS INC COM 27616P103 968 46,700 SH   SOLE   46,700 0 0
EDISON INTL COM 281020107 299 5,100 SH   SOLE   5,100 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 52,942 831,900 SH   SOLE   831,900 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 5,437 75,900 SH   SOLE   75,900 0 0
EVERSOURCE ENERGY COM 30040W108 571 6,600 SH   SOLE   6,600 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 4,128 97,283 SH   SOLE   97,283 0 0
HEALTHCARE RLTY TR COM 421946104 825 27,200 SH   SOLE   27,200 0 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 11,443 414,900 SH   SOLE   414,900 0 0
HEALTHPEAK PROPERTIES INC COM 42250P103 3,409 107,400 SH   SOLE   107,400 0 0
HIGHWOODS PPTYS INC COM 431284108 4,663 108,600 SH   SOLE   108,600 0 0
HUDSON PAC PPTYS INC COM 444097109 54,591 2,012,200 SH   SOLE   2,012,200 0 0
INVITATION HOMES INC COM 46187W107 42,419 1,326,000 SH   SOLE   1,326,000 0 0
KINDER MORGAN INC DEL COM 49456B101 1,016 61,000 SH   SOLE   61,000 0 0
KITE RLTY GROUP TR COM NEW 49803T300 976 50,600 SH   SOLE   50,600 0 0
LIFE STORAGE INC COM 53223X107 14,016 163,075 SH   SOLE   163,075 0 0
NATIONAL RETAIL PROPERTIES I COM 637417106 1,225 27,800 SH   SOLE   27,800 0 0
ONEOK INC NEW COM 682680103 339 6,700 SH   SOLE   6,700 0 0
PARAMOUNT GROUP INC COM 69924R108 36,715 3,624,400 SH   SOLE   3,624,400 0 0
PIEDMONT OFFICE REALTY TR IN COM CL A 720190206 2,482 142,900 SH   SOLE   142,900 0 0
PROLOGIS INC. COM 74340W103 86,990 820,660 SH   SOLE   820,660 0 0
REGENCY CTRS CORP COM 758849103 244 4,300 SH   SOLE   4,300 0 0
RETAIL PPTYS AMER INC CL A 76131V202 10,501 1,002,000 SH   SOLE   1,002,000 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 16,358 942,300 SH   SOLE   942,300 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104 916 3,300 SH   SOLE   3,300 0 0
SEMPRA ENERGY COM 816851109 689 5,200 SH   SOLE   5,200 0 0
SIMON PPTY GROUP INC NEW COM 828806109 2,366 20,800 SH   SOLE   20,800 0 0
SITE CTRS CORP COM 82981J109 682 50,300 SH   SOLE   50,300 0 0
SL GREEN RLTY CORP COM 78440X804 10,752 153,618 SH   SOLE   153,618 0 0
STORE CAP CORP COM 862121100 1,085 32,400 SH   SOLE   32,400 0 0
VENTAS INC COM 92276F100 4,027 75,500 SH   SOLE   75,500 0 0
VICI PPTYS INC COM 925652109 4,459 157,900 SH   SOLE   157,900 0 0
WELLTOWER INC COM 95040Q104 36,707 512,450 SH   SOLE   512,450 0 0
WILLIAMS COS INC COM 969457100 715 30,200 SH   SOLE   30,200 0 0
WP CAREY INC COM 92936U109 39,944 564,500 SH   SOLE   564,500 0 0