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
AGREE RLTY CORP COM 008492100   35,909,703 509,719 SH   SOLE   509,719 0 0
AMERICAN HEALTHCARE REIT INC COM SHS 398182303   49,571,642 1,744,252 SH   SOLE   1,744,252 0 0
AMERICAN TOWER CORP NEW COM 03027X100   4,996,455 27,242 SH   SOLE   27,242 0 0
AMERICOLD REALTY TRUST INC COM 03064D108   15,663,172 731,924 SH   SOLE   731,924 0 0
AVALONBAY CMNTYS INC COM 053484101   19,188,203 87,231 SH   SOLE   87,231 0 0
CARETRUST REIT INC COM 14174T107   43,277,889 1,599,922 SH   SOLE   1,599,922 0 0
COUSINS PPTYS INC COM NEW 222795502   63,758,502 2,080,891 SH   SOLE   2,080,891 0 0
CURBLINE PPTYS CORP COM 23128Q101   51,889,782 2,234,702 SH   SOLE   2,234,702 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301   9,919,220 1,098,474 SH   SOLE   1,098,474 0 0
DIGITALBRIDGE GROUP INC CL A NEW 25401T603   29,860,349 2,647,194 SH   SOLE   2,647,194 0 0
EQUINIX INC COM 29444U700   40,165,228 42,598 SH   SOLE   42,598 0 0
ESSENTIAL PPTYS RLTY TR INC COM 29670E107   2,310,403 73,862 SH   SOLE   73,862 0 0
HILTON GRAND VACATIONS INC COM 43283X105   24,413,587 626,793 SH   SOLE   626,793 0 0
KILROY RLTY CORP COM 49427F108   24,204,068 598,370 SH   SOLE   598,370 0 0
LINEAGE INC COM 53566V106   19,735,395 336,954 SH   SOLE   336,954 0 0
MACERICH CO COM 554382101   23,097,319 1,159,504 SH   SOLE   1,159,504 0 0
MARRIOTT INTL INC NEW CL A 571903202   71,937,510 257,896 SH   SOLE   257,896 0 0
MERITAGE HOMES CORP COM 59001A102   50,240,688 326,620 SH   SOLE   326,620 0 0
PEBBLEBROOK HOTEL TR COM 70509V100   43,352,182 3,199,423 SH   SOLE   3,199,423 0 0
PUBLIC STORAGE OPER CO COM 74460D109   33,629,209 112,307 SH   SOLE   112,307 0 0
RAYONIER INC COM 754907103   29,155,111 1,117,054 SH   SOLE   1,117,054 0 0
REALTY INCOME CORP COM 756109104   65,818,425 1,232,324 SH   SOLE   1,232,324 0 0
REXFORD INDL RLTY INC COM 76169C100   45,933,686 1,188,145 SH   SOLE   1,188,145 0 0
RLJ LODGING TR COM 74965L101   10,558,202 1,034,104 SH   SOLE   1,034,104 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104   73,125,071 358,808 SH   SOLE   358,808 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101   22,980,019 1,940,880 SH   SOLE   1,940,880 0 0
TANGER INC COM 875465106   30,576,964 895,897 SH   SOLE   895,897 0 0
VENTAS INC COM 92276F100   36,823,504 625,293 SH   SOLE   625,293 0 0
WELLTOWER INC COM 95040Q104   4,344,758 34,474 SH   SOLE   34,474 0 0
WYNDHAM HOTELS & RESORTS INC COM 98311A105   37,357,109 370,643 SH   SOLE   370,643 0 0