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
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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
PROLOGIS INC. COM 74340W103   23,208,842 186,013 SH   OTR 1 186,013 0 0
PROLOGIS INC. COM 74340W103   17,959,060 143,937 SH   SOLE 0 143,937 0 0
AMERICAN TOWER CORP NEW COM 03027X100   13,479,288 65,965 SH   OTR 1 65,965 0 0
AMERICAN TOWER CORP NEW COM 03027X100   13,450,476 65,824 SH   SOLE 0 65,824 0 0
FTAI AVIATION LTD SHS G3730V105   13,269,816 474,600 SH   OTR 1 474,600 0 0
DIGITALBRIDGE GROUP INC CL A NEW 25401T603   12,906,516 1,076,440 SH   OTR 1 1,076,440 0 0
REXFORD INDL RLTY INC COM 76169C100   12,277,103 205,819 SH   OTR 1 205,819 0 0
EQUINIX INC COM 29444U700   12,124,288 16,815 SH   OTR 1 16,815 0 0
REXFORD INDL RLTY INC COM 76169C100   12,090,995 202,699 SH   SOLE 0 202,699 0 0
WYNN RESORTS LTD COM 983134107   11,554,931 103,252 SH   OTR 1 103,252 0 0
EQUINIX INC COM 29444U700   10,837,231 15,030 SH   SOLE 0 15,030 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109   10,499,575 83,602 SH   SOLE 0 83,602 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109   10,437,785 83,110 SH   OTR 1 83,110 0 0
MGM RESORTS INTERNATIONAL COM 552953101   10,411,737 234,393 SH   OTR 1 234,393 0 0
CROWN CASTLE INC COM 22822V101   9,887,832 73,878 SH   OTR 1 73,878 0 0
VICI PPTYS INC COM 925652109   9,886,861 303,092 SH   OTR 1 303,092 0 0
CAESARS ENTERTAINMENT INC NE COM 12769G100   9,800,365 200,786 SH   OTR 1 200,786 0 0
DIGITALBRIDGE GROUP INC CL A NEW 25401T603   9,645,332 804,448 SH   SOLE 0 804,448 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104   8,975,848 34,381 SH   OTR 1 34,381 0 0
WYNN RESORTS LTD COM 983134107   8,579,916 76,668 SH   SOLE 0 76,668 0 0
CROWN CASTLE INC COM 22822V101   8,262,077 61,731 SH   SOLE 0 61,731 0 0
MGM RESORTS INTERNATIONAL COM 552953101   8,055,745 181,354 SH   SOLE 0 181,354 0 0
CAESARS ENTERTAINMENT INC NE COM 12769G100   7,802,767 159,860 SH   SOLE 0 159,860 0 0
FTAI AVIATION LTD SHS G3730V105   7,767,679 277,814 SH   SOLE 0 277,814 0 0
TERRENO RLTY CORP COM 88146M101   7,639,854 118,264 SH   OTR 1 118,264 0 0
VICI PPTYS INC COM 925652109   6,827,333 209,299 SH   SOLE 0 209,299 0 0
SUN CMNTYS INC COM 866674104   6,700,816 47,564 SH   OTR 1 47,564 0 0
SUN CMNTYS INC COM 866674104   6,501,894 46,152 SH   SOLE 0 46,152 0 0
INVITATION HOMES INC COM 46187W107   6,399,527 204,916 SH   SOLE 0 204,916 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104   6,342,174 24,293 SH   SOLE 0 24,293 0 0
AIRBNB INC COM CL A 009066101   6,287,425 50,542 SH   OTR 1 50,542 0 0
INVITATION HOMES INC COM 46187W107   6,264,426 200,590 SH   OTR 1 200,590 0 0
NATIONAL STORAGE AFFILIATES COM SHS BEN IN 637870106   5,972,200 142,944 SH   OTR 1 142,944 0 0
AMERICAN HOMES 4 RENT CL A 02665T306   5,913,544 188,030 SH   SOLE 0 188,030 0 0
TERRENO RLTY CORP COM 88146M101   5,545,070 85,837 SH   SOLE 0 85,837 0 0
NATIONAL STORAGE AFFILIATES COM SHS BEN IN 637870106   5,512,579 131,943 SH   SOLE 0 131,943 0 0
FTAI INFRASTRUCTURE INC COMMON STOCK 35953C106   5,481,366 1,827,122 SH   OTR 1 1,827,122 0 0
FTAI INFRASTRUCTURE INC COMMON STOCK 35953C106   5,358,144 1,786,048 SH   SOLE 0 1,786,048 0 0
AMERICAN HOMES 4 RENT CL A 02665T306   5,070,809 161,234 SH   OTR 1 161,234 0 0
EXTRA SPACE STORAGE INC COM 30225T102   5,036,329 30,911 SH   OTR 1 30,911 0 0
AIRBNB INC COM CL A 009066101   5,008,593 40,262 SH   SOLE 0 40,262 0 0
EXTRA SPACE STORAGE INC COM 30225T102   4,986,310 30,604 SH   SOLE 0 30,604 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108   4,670,503 69,574 SH   OTR 1 69,574 0 0
CADIZ INC COM NEW 127537207   4,384,273 1,085,216 SH   OTR 1 1,085,216 0 0
WEWORK INC CL A 96209A104   3,819,106 4,915,194 SH   OTR 1 4,915,194 0 0
DIGITAL RLTY TR INC COM 253868103   3,656,739 37,196 SH   SOLE 0 37,196 0 0
DIGITAL RLTY TR INC COM 253868103   3,486,073 35,460 SH   OTR 1 35,460 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108   3,386,977 50,454 SH   SOLE 0 50,454 0 0
PUBLIC STORAGE COM 74460D109   2,888,458 9,560 SH   SOLE 0 9,560 0 0
WEWORK INC CL A 96209A104   2,821,290 3,631,004 SH   SOLE 0 3,631,004 0 0
AMERICOLD REALTY TRUST INC COM 03064D108   2,622,265 92,171 SH   SOLE 0 92,171 0 0
CADIZ INC COM NEW 127537207   2,478,492 613,488 SH   SOLE 0 613,488 0 0
HEALTHPEAK PROPERTIES INC COM 42250P103   2,458,267 111,892 SH   OTR 1 111,892 0 0
AMERICOLD REALTY TRUST INC COM 03064D108   2,415,860 84,916 SH   OTR 1 84,916 0 0
HEALTHPEAK PROPERTIES INC COM 42250P103   1,898,384 86,408 SH   SOLE 0 86,408 0 0
COSTAR GROUP INC COM 22160N109   1,738,463 25,250 SH   SOLE 0 25,250 0 0
CBRE GROUP INC CL A 12504L109   1,419,795 19,500 SH   SOLE 0 19,500 0 0
IRON MTN INC DEL COM 46284V101   968,253 18,300 SH   SOLE 0 18,300 0 0
GAMING & LEISURE PPTYS INC COM 36467J108   760,076 14,600 SH   SOLE 0 14,600 0 0
CUBESMART COM 229663109   640,378 13,855 SH   SOLE 0 13,855 0 0
BROOKFIELD RENEWABLE CORP CL A SUB VTG 11284V105   624,696 17,874 SH   SOLE 0 17,874 0 0
BROOKFIELD INFRASTRUCTURE CO COM SB VTG SHS A 11275Q107   562,945 12,222 SH   SOLE 0 12,222 0 0
LIFE STORAGE INC COM 53223X107   402,446 3,070 SH   SOLE 0 3,070 0 0