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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
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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
APARTMENT INVESTMENT AND MANAGEMENT COMPANY CL A 03748R747   49,285,904 7,247,927 SH   SOLE   7,247,927 0 0
TRICON RESIDENTIAL INC COM 89612W102   45,873,932 6,199,180 SH   SOLE   6,199,180 0 0
APARTMENT INCOME REIT CORP COM 03750L109   40,839,535 1,330,278 SH   SOLE   1,330,278 0 0
VENTAS, INC. COM 92276F100   38,614,546 916,557 SH   SOLE   916,557 0 0
SIX FLAGS ENTERTAINMENT CORPORATION COM 83001A102   32,537,511 1,383,986 SH   SOLE   1,383,986 0 0
SUN COMMUNITIES, INC COM 866674104   26,726,142 225,842 SH   SOLE   225,842 0 0
EQUINIX, INC. REIT COM 29444U700   35,023,889 48,225 SH   SOLE   48,225 0 0
REXFORD INDL RLTY INC COM 76169C100   17,525,024 355,117 SH   SOLE   355,117 0 0
SBA COMMUNICATIONS CORPORATION CL A 78410G104   28,699,774 143,377 SH   SOLE   143,377 0 0
PROLOGIS INC COM 74340W103   29,084,047 259,193 SH   SOLE   259,193 0 0
TANGER FACTORY OUTLET CENTERS, INC. COM 875465106   21,608,018 956,107 SH   SOLE   956,107 0 0
AMERICAN HOMES 4 RENT LLC CL A 02665T306   13,085,230 388,401 SH   SOLE   388,401 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107   15,017,882 180,330 SH   SOLE   180,330 0 0
CAESARS ENTERTAINMENT INC COM 12769G100   17,328,689 373,866 SH   SOLE   373,866 0 0
VICI PROPERTIES INC. COM 925652109   16,672,845 572,950 SH   SOLE   572,950 0 0
CBRE GROUP, INC. CLASS A CL A 12504L109   6,517,037 88,235 SH   SOLE   88,235 0 0
SMARTRENT, INC. COM CL A 83193G107   9,136,877 3,500,719 SH   SOLE   3,500,719 0 0
NATIONAL HEALTH INVESTORS, INC. COM 63633D104   11,642,028 226,675 SH   SOLE   226,675 0 0