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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ACADIA RLTY TR COM SH BEN INT 004239109 15,095 542,990 SH   SOLE   542,990 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 131,949 1,095,287 SH   SOLE   1,095,287 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 22,734 480,631 SH   SOLE   480,631 0 0
AMERICAN TOWER CORP NEW COM 03027X100 105,918 800,470 SH   SOLE   800,470 0 0
BOSTON PROPERTIES INC COM 101121101 20,152 163,808 SH   SOLE   163,808 0 0
COLONY STARWOOD HOMES COM 19625X102 80,724 2,352,791 SH   SOLE   2,352,791 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301 73,331 6,696,908 SH   SOLE   6,696,908 0 0
DIGITAL RLTY TR INC COM 253868103 63,721 564,156 SH   SOLE   564,156 0 0
DOUGLAS EMMETT INC COM 25960P109 76,098 1,991,585 SH   SOLE   1,991,585 0 0
EMPIRE ST RLTY TR INC CL A 292104106 112,619 5,422,178 SH   SOLE   5,422,178 0 0
EQUINIX INC COM PAR $0.001 29444U700 194,009 452,067 SH   SOLE   443,163 0 8,904
EQUITY COMWLTH COM SH BEN INT 294628102 66,635 2,108,687 SH   SOLE   2,108,687 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 116,001 1,343,540 SH   SOLE   1,343,540 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 68,217 1,036,264 SH   SOLE   1,036,264 0 0
ESSEX PPTY TR INC COM 297178105 72,230 280,757 SH   SOLE   280,757 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 36,874 291,745 SH   SOLE   291,745 0 0
GGP INC COM 36174X101 40,715 1,728,127 SH   SOLE   1,728,127 0 0
INTERXION HOLDING N.V SHS N47279109 65,139 1,422,876 SH   SOLE   1,422,876 0 0
KILROY RLTY CORP COM 49427F108 160,897 2,141,013 SH   SOLE   2,141,013 0 0
PROLOGIS INC COM 74340W103 179,185 3,055,679 SH   SOLE   3,018,984 0 36,695
PUBLIC STORAGE COM 74460D109 12,222 58,609 SH   SOLE   58,609 0 0
REGENCY CTRS CORP COM 758849103 47,848 763,857 SH   SOLE   763,857 0 0
SIMON PPTY GROUP INC NEW COM 828806109 205,137 1,268,156 SH   SOLE   1,268,156 0 0
TERRENO RLTY CORP COM 88146M101 36,000 1,069,508 SH   SOLE   1,069,508 0 0
VENTAS INC COM 92276F100 23,046 331,688 SH   SOLE   331,688 0 0
VORNADO RLTY TR SH BEN INT 929042109 13,273 141,350 SH   SOLE   141,350 0 0
WASHINGTON REAL ESTATE INVT SH BEN INT 939653101 51,539 1,615,655 SH   SOLE   1,615,655 0 0