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

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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
FIRST INDUSTRIAL REALTY TRUST, INC. COM 32054K103   46,125,393 823,962 SH   SOLE - 823,962 0 0
AMERICAN HEALTHCARE REIT INC COM SHS 398182303   39,802,892 1,525,015 SH   SOLE - 1,525,015 0 0
EQUINIX, INC. REIT COM 29444U700   38,098,855 42,922 SH   SOLE - 42,922 0 0
VENTAS, INC. COM 92276F100   35,380,264 551,696 SH   SOLE - 551,696 0 0
TANGER INC COM 875465106   34,874,304 1,051,064 SH   SOLE - 1,051,064 0 0
KITE REALTY GROUP TRUST COM NEW 49803T300   34,098,578 1,283,832 SH   SOLE - 1,283,832 0 0
VICI PROPERTIES INC. COM 925652109   32,720,480 982,302 SH   SOLE - 982,302 0 0
SUN COMMUNITIES, INC COM 866674104   30,806,361 227,942 SH   SOLE - 227,942 0 0
UDR INC COM 902653104   28,755,762 634,225 SH   SOLE - 634,225 0 0
OUTFRONT MEDIA INC. COM 69007J106   28,030,327 1,525,045 SH   SOLE - 1,525,045 0 0
CBRE GROUP, INC. CLASS A CL A 12504L109   25,023,343 201,023 SH   SOLE - 201,023 0 0
AMERICAN TOWER CORPORATION COM 03027X100   22,543,669 96,937 SH   SOLE - 96,937 0 0
NATIONAL HEALTH INVESTORS, INC. COM 63633D104   18,750,171 223,057 SH   SOLE - 223,057 0 0
INVITATION HOMES INC. COM 46187W107   16,606,473 470,972 SH   SOLE - 470,972 0 0
APARTMENT INVESTMENT AND MANAGEMENT COMPANY CL A 03748R747   15,686,561 1,735,239 SH   SOLE - 1,735,239 0 0
XENIA HOTELS & RESORTS, INC. COM 984017103   15,160,076 1,026,410 SH   SOLE - 1,026,410 0 0
MARRIOTT INTERNATIONAL, INC CLASS A CL A 571903202   15,129,796 60,860 SH   SOLE - 60,860 0 0
SMARTRENT, INC. COM CL A 83193G107   6,612,818 3,822,438 SH   SOLE - 3,822,438 0 0
SIMON PROPERTY GROUP INC COM 828806109   4,952,286 29,300 SH   SOLE - 29,300 0 0