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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMERICAN HOMES 4 RENT CL A 02665T306   49,029,492 1,626,725 SH   SOLE   1,626,725 0 0
APARTMENT INCOME REIT CORP COM 03750L109   38,019,014 1,108,103 SH   SOLE   1,108,103 0 0
CAMDEN PPTY TR SH BEN INT 133131102   47,297,270 422,750 SH   SOLE   422,750 0 0
CHATHAM LODGING TR COM 16208T102   16,952,085 1,381,588 SH   SOLE   1,381,588 0 0
HEALTHCARE RLTY TR CL A COM 42226K105   22,630,688 1,174,400 SH   SOLE   1,174,400 0 0
HEALTHPEAK PROPERTIES INC COM 42250P103   43,483,915 1,734,500 SH   SOLE   1,734,500 0 0
INVITATION HOMES INC COM 46187W107   35,508,720 1,198,000 SH   SOLE   1,198,000 0 0
PHYSICIANS RLTY TR COM 71943U104   35,508,801 2,453,960 SH   SOLE   2,453,960 0 0
PROLOGIS INC. COM 74340W103   32,849,522 291,400 SH   SOLE   291,400 0 0
VENTAS INC COM 92276F100   11,699,485 259,700 SH   SOLE   259,700 0 0