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
ALEXANDRIA REAL ESTATE COM 015271109 11,304 95,000 SH   OTR 1 95,000 0 0
ALEXANDRIA REAL ESTATE COM 015271109 271 2,253 SH   SOLE 0 2,253 0 0
AMERICAN TOWER CORP COM 03027X100 8,819 66,400 SH   OTR 1 66,400 0 0
AMERICAN TOWER CORP COM 03027X100 350 2,646 SH   SOLE 0 2,646 0 0
BOSTON PROPERTIES INC COM 101121101 2,464 20,000 SH   OTR 1 20,000 0 0
BOSTON PROPERTIES INC COM 101121101 90 736 SH   SOLE 0 736 0 0
BROOKFIELD INFRAST PARTNERS LP INT UNIT G16252101 9,766 238,317 SH   OTR 1 238,317 0 0
BROOKFIELD INFRAST PARTNERS LP INT UNIT G16252101 295 7,208 SH   SOLE 0 7,208 0 0
BROOKFIELD RENEWABLE PARTNER PARTNERSHIP UNIT G16258108 10,517 330,000 SH   OTR 1 330,000 0 0
BROOKFIELD RENEWABLE PARTNER PARTNERSHIP UNIT G16258108 3 109 SH   SOLE 0 109 0 0
CADIZ INC NEW COM 127537207 13,666 1,004,826 SH   OTR 1 1,004,826 0 0
CADIZ INC NEW COM 127537207 481 35,658 SH   SOLE 0 35,658 0 0
COLONY NORTHSTAR INC COM 19625W104 225 15,946 SH   SOLE 0 15,946 0 0
COLONY STARWOOD HOMES COM 19625X102 9,472 279,085 SH   OTR 1 279,085 0 0
CORESITE RLTY CORP COM 21870Q105 9,420 91,500 SH   OTR 1 91,500 0 0
CORESITE RLTY CORP COM 21870Q105 421 4,065 SH   SOLE 0 4,065 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 12,549 125,453 SH   OTR 1 125,453 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 297 2,968 SH   SOLE 0 2,968 0 0
CYRUSONE INC COM 23283R100 10,140 184,700 SH   OTR 1 184,700 0 0
CYRUSONE INC COM 23283R100 492 8,835 SH   SOLE 0 8,835 0 0
DRIVE SHACK INC COM 262077100 6,765 2,154,520 SH   OTR 1 2,154,520 0 0
DRIVE SHACK INC COM 262077100 231 73,492 SH   SOLE 0 73,492 0 0
EDUCATION REALTY TRUST INC COM 28140H203 7,812 200,000 SH   OTR 1 200,000 0 0
EDUCATION REALTY TRUST INC COM 28140H203 198 5,115 SH   SOLE 0 5,115 0 0
EQUINIX INC COM 29444U700 13,220 31,380 SH   OTR 1 31,380 0 0
EQUINIX INC COM 29444U700 409 952 SH   SOLE 0 952 0 0
EQUITY LIFESTYLE PROPERTIES INC COM 29472R108 1,738 20,300 SH   OTR 1 20,300 0 0
EQUITY LIFESTYLE PROPERTIES INC COM 29472R108 186 2,153 SH   SOLE 0 2,153 0 0
EXTRA SPACE STORAGE INC COM 30225T102 8,079 104,200 SH   OTR 1 104,200 0 0
EXTRA SPACE STORAGE INC COM 30225T102 240 30,087 SH   SOLE 0 30,087 0 0
FEDERAL REALTY INVESTMENT TRUST COM 313747206 206 1,634 SH   SOLE 0 1,634 0 0
HEALTHCARE RLTY TR COM 421946104 4,068 120,000 SH   OTR 1 120,000 0 0
HEALTHCARE TRUST AMERICA INC COM 42225P501 9,644 309,000 SH   OTR 1 309,000 0 0
HEALTHCARE TRUST AMERICA INC COM 42225P501 186 5,988 SH   SOLE 0 5,988 0 0
HUDSON PACIFIC PROPERTIES INC COM 444097109 4,082 119,600 SH   OTR 1 119,600 0 0
HUDSON PACIFIC PROPERTIES INC COM 444097109 333 9,758 SH   SOLE 0 9,758 0 0
LAS VEGAS SANDS CORP COM 517834107 9,209 145,000 SH   OTR 1 145,000 0 0
LAS VEGAS SANDS CORP COM 517834107 172 2,689 SH   SOLE 0 2,689 0 0
MACQUARIE INFRASTRUCTURE COR COM 55608B105 11,201 142,399 SH   OTR 1 142,399 0 0
MACQUARIE INFRASTRUCTURE COR COM 55608B105 224 2,855 SH   SOLE 0 2,855 0 0
MGM RESORTS INTERNATIONAL COM 552953101 5,628 171,104 SH   OTR 1 171,104 0 0
MGM RESORTS INTERNATIONAL COM 552953101 337 10,774 SH   SOLE 0 10,774 0 0
NATIONAL STORAGE AFFILIATES COM 637870106 8,690 372,000 SH   OTR 1 372,000 0 0
NATIONAL STORAGE AFFILIATES COM 637870106 234 10,123 SH   SOLE 0 10,123 0 0
NEW RESIDENTIAL INVT CORP COM 64828T201 14,191 893,100 SH   OTR 1 893,100 0 0
NEW RESIDENTIAL INVT CORP COM 64828T201 445 28,619 SH   SOLE 0 28,619 0 0
QTS REALTY TRUST INC COM 74736A103 11,661 224,200 SH   OTR 1 224,200 0 0
QTS REALTY TRUST INC COM 74736A103 347 6,626 SH   SOLE 0 6,626 0 0
SUN COMMUNITIES INC COM 866674104 8,473 96,700 SH   OTR 1 96,700 0 0
SUN COMMUNITIES INC COM 866674104 330 3,766 SH   SOLE 0 3,766 0 0
VAIL RESORTS INC COM 91879Q109 201 1,000 SH   OTR 1 1,000 0 0
VAIL RESORTS INC COM 91879Q109 61 300 SH   SOLE 0 300 0 0
WYNN RESORTS LTD COM 983134107 10,621 80,000 SH   OTR 1 80,000 0 0