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
AMERICAN HEALTHCARE REIT INC COM SHS 398182303   62,205,131 1,480,722 SH   SOLE   1,480,722 0 0
CARETRUST REIT INC COM 14174T107   53,774,218 1,550,583 SH   SOLE   1,550,583 0 0
CARNIVAL CORP UNIT 99/99/9999 143658300   11,540,467 399,186 SH   SOLE   399,186 0 0
CBRE GROUP INC CL A 12504L109   18,401,905 116,793 SH   SOLE   116,793 0 0
COPT DEFENSE PROPERTIES SHS BEN INT 22002T108   28,399,292 977,264 SH   SOLE   977,264 0 0
CROWN CASTLE INC COM 22822V101   124,935,541 1,294,803 SH   SOLE   1,294,803 0 0
CUBESMART COM 229663109   2,283,181 56,153 SH   SOLE   56,153 0 0
CURBLINE PPTYS CORP COM 23128Q101   53,577,043 2,402,558 SH   SOLE   2,402,558 0 0
DIGITAL RLTY TR INC COM 253868103   18,044,350 104,375 SH   SOLE   104,375 0 0
EQUINIX INC COM 29444U700   63,360,200 80,895 SH   SOLE   80,895 0 0
FEDERAL RLTY INVT TR NEW SH BEN INT NEW 313745101   66,374,462 655,162 SH   SOLE   655,162 0 0
GAMING & LEISURE PPTYS INC COM 36467J108   2,185,310 46,885 SH   SOLE   46,885 0 0
HIGHWOODS PPTYS INC COM 431284108   65,129,462 2,046,809 SH   SOLE   2,046,809 0 0
HYATT HOTELS CORP COM CL A 448579102   62,422,233 439,810 SH   SOLE   439,810 0 0
INVITATION HOMES INC COM 46187W107   2,270,347 77,407 SH   SOLE   77,407 0 0
JONES LANG LASALLE INC COM 48020Q107   18,658,607 62,554 SH   SOLE   62,554 0 0
LINEAGE INC COM 53566V106   42,710,763 1,105,351 SH   SOLE   1,105,351 0 0
NORWEGIAN CRUISE LINE HLDG L SHS G66721104   34,244,518 1,390,358 SH   SOLE   1,390,358 0 0
OUTFRONT MEDIA INC COM NEW 69007J304   45,218,010 2,468,232 SH   SOLE   2,468,232 0 0
PULTE GROUP INC COM 745867101   19,507,277 147,637 SH   SOLE   147,637 0 0
PURSUIT ATTRACTIONS AND HOSP COM 92552R406   28,507,307 787,930 SH   SOLE   787,930 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107   45,787,478 511,078 SH   SOLE   511,078 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104   2,094,947 10,835 SH   SOLE   10,835 0 0
TANGER INC COM 875465106   39,895,397 1,178,942 SH   SOLE   1,178,942 0 0
TOLL BROTHERS INC COM 889478103   28,403,242 205,612 SH   SOLE   205,612 0 0
UDR INC COM 902653104   1,900,856 51,016 SH   SOLE   51,016 0 0
VAIL RESORTS INC COM 91879Q109   67,622,691 452,114 SH   SOLE   452,114 0 0
VENTAS INC COM 92276F100   2,609,717 37,287 SH   SOLE   37,287 0 0
VORNADO RLTY TR SH BEN INT 929042109   32,081,927 791,560 SH   SOLE   791,560 0 0
WELLTOWER INC COM 95040Q104   23,802,354 133,616 SH   SOLE   133,616 0 0
WYNDHAM HOTELS & RESORTS INC COM 98311A105   403,175 5,046 SH   SOLE   5,046 0 0