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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALEXANDRIA REAL ESTATE EQ IN COM 015271109   26,558,894 211,473 SH   SOLE   211,473 0 0
AMERICAN HOMES 4 RENT CL A 02665T306   19,973,581 635,090 SH   SOLE   635,090 0 0
APARTMENT INCOME REIT CORP COM 03750L109   36,350,982 1,015,107 SH   SOLE   1,015,107 0 0
APARTMENT INVT & MGMT CO CL A 03748R747   72,752,921 9,460,718 SH   SOLE   9,460,718 0 0
CAESARS ENTERTAINMENT INC NE COM 12769G100   13,642,883 279,510 SH   SOLE   279,510 0 0
D R HORTON INC COM 23331A109   3,792,326 38,820 SH   SOLE   38,820 0 0
HOST HOTELS & RESORTS INC COM 44107P104   43,432,945 2,633,896 SH   SOLE   2,633,896 0 0
INDEPENDENCE RLTY TR INC COM 45378A106   10,537,321 657,350 SH   SOLE   657,350 0 0
ISHARES TR CORE S&P SCP ETF 464287804   10,627,330 109,900 SH   SOLE   109,900 0 0
ISHARES TR CORE US AGGBD ET 464287226   2,929,416 29,400 SH   SOLE   29,400 0 0
ISHARES TR 3 7 YR TREAS BD 464288661   3,800,095 32,300 SH   SOLE   32,300 0 0
LIFE STORAGE INC COM 53223X107   23,436,270 178,780 SH   SOLE   178,780 0 0
PROLOGIS INC. COM 74340W103   10,641,134 85,286 SH   SOLE   85,286 0 0
PUBLIC STORAGE COM 74460D109   7,451,377 24,662 SH   SOLE   24,662 0 0
RETAIL OPPORTUNITY INVTS COR COM 76131N101   17,875,403 1,280,473 SH   SOLE   1,280,473 0 0
REXFORD INDL RLTY INC COM 76169C100   26,743,302 448,337 SH   SOLE   448,337 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104   6,159,425 23,593 SH   SOLE   23,593 0 0
SIX FLAGS ENTMT CORP NEW COM 83001A102   37,440,502 1,401,741 SH   SOLE   1,401,741 0 0
SMARTRENT INC COM CL A 83193G107   7,918,497 3,105,293 SH   SOLE   3,105,293 0 0
SUN CMNTYS INC COM 866674104   18,413,861 130,706 SH   SOLE   130,706 0 0
VANGUARD BD INDEX FDS LONG TERM BOND 921937793   4,161,552 54,300 SH   SOLE   54,300 0 0
VANGUARD WORLD FD EXTENDED DUR 921910709   3,277,548 36,200 SH   SOLE   36,200 0 0
VENTAS INC COM 92276F100   24,545,507 566,217 SH   SOLE   566,217 0 0