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
3M CO COMMON STOCK 88579Y101 2,496 14,400 SH   SOLE 0 0 0 14,400
A SITE CENTER REIT COMMON STOCK 23317H854 291 22,000 SH   SOLE 0 0 0 22,000
ABBVIE INC COMMON STOCK 00287Y109 2,654 36,500 SH   SOLE 0 0 0 36,500
AFLAC INC COMMON STOCK 001055102 1,968 35,900 SH   SOLE 0 0 0 35,900
AGNC INVESTMENT CORP COMMON STOCK 00123Q104 1,379 82,000 SH   SOLE 0 0 0 82,000
ALEXANDRIA REAL ESTATE EQUIT COMMON STOCK 015271109 1,206 8,550 SH   SOLE 0 0 0 8,550
ALLEGHANY CORP COMMON STOCK 017175100 1,567 2,300 SH   SOLE 0 0 0 2,300
ALLSTATE CORP COMMON STOCK 020002101 1,993 19,600 SH   SOLE 0 0 0 19,600
AMERICAN CAMPUS COMMUNITIES COMMON STOCK 024835100 1,016 22,000 SH   SOLE 0 0 0 22,000
AMERICAN FINANCIAL GROUP INC COMMON STOCK 025932104 1,435 14,000 SH   SOLE 0 0 0 14,000
AMERICAN HOMES 4 RENT- A COMMON STOCK 02665T306 778 32,000 SH   SOLE 0 0 0 32,000
AMERIPRISE FINANCIAL INC COMMON STOCK 03076C106 1,931 13,300 SH   SOLE 0 0 0 13,300
AMGEN INC COMMON STOCK 031162100 2,672 14,500 SH   SOLE 0 0 0 14,500
ANNALY CAPITAL MANAGEMENT IN COMMON STOCK 035710409 1,506 165,000 SH   SOLE 0 0 0 165,000
ANTHEM INC COMMON STOCK 036752103 2,159 7,650 SH   SOLE 0 0 0 7,650
APARTMENT INVT and MGMT CO -A COMMON STOCK 03748R754 1,028 20,509 SH   SOLE 0 0 0 20,509
APPLE HOSPITALITY REIT INC COMMON STOCK 03784Y200 206 13,000 SH   SOLE 0 0 0 13,000
APPLE INC COMMON STOCK 037833100 8,069 40,770 SH   SOLE 0 0 0 40,770
ARMADA HOFFLER PROPERTIES IN COMMON STOCK 04208T108 217 13,101 SH   SOLE 0 0 0 13,101
AUTOMATIC DATA PROCESSING COMMON STOCK 053015103 2,397 14,500 SH   SOLE 0 0 0 14,500
AUTOZONE INC COMMON STOCK 053332102 1,869 1,700 SH   SOLE 0 0 0 1,700
AVALONBAY COMMUNITIES INC COMMON STOCK 053484101 2,093 10,302 SH   SOLE 0 0 0 10,302
AVERY DENNISON CORP COMMON STOCK 053611109 1,724 14,900 SH   SOLE 0 0 0 14,900
BAXTER INTERNATIONAL INC COMMON STOCK 071813109 1,966 24,000 SH   SOLE 0 0 0 24,000
BEST BUY CO INC COMMON STOCK 086516101 1,667 23,900 SH   SOLE 0 0 0 23,900
BIOGEN INC COMMON STOCK 09062X103 1,754 7,500 SH   SOLE 0 0 0 7,500
BOOKING HOLDINGS INC COMMON STOCK 741503403 2,437 1,300 SH   SOLE 0 0 0 1,300
BOSTON PROPERTIES INC COMMON STOCK 101121101 750 5,814 SH   SOLE 0 0 0 5,814
BRANDYWINE REALTY TRUST COMMON STOCK 105368203 1,024 71,500 SH   SOLE 0 0 0 71,500
BRISTOL-MYERS SQUIBB CO COMMON STOCK 110122108 2,131 47,000 SH   SOLE 0 0 0 47,000
BRIXMOR PROPERTY GROUP INC COMMON STOCK 11120U105 746 41,711 SH   SOLE 0 0 0 41,711
BROADRIDGE FINANCIAL SOLUTIO COMMON STOCK 11133T103 1,877 14,700 SH   SOLE 0 0 0 14,700
C.H. ROBINSON WORLDWIDE INC COMMON STOCK 12541W209 1,350 16,000 SH   SOLE 0 0 0 16,000
CAMDEN PROPERTY TRUST COMMON STOCK 133131102 1,277 12,231 SH   SOLE 0 0 0 12,231
CBL and ASSOCIATES PROPERTIES COMMON STOCK 124830100 33 32,000 SH   SOLE 0 0 0 32,000
CDK GLOBAL INC COMMON STOCK 12508E101 1,332 26,950 SH   SOLE 0 0 0 26,950
CDW CORP/DE COMMON STOCK 12514G108 1,856 16,725 SH   SOLE 0 0 0 16,725
CELANESE CORP-SERIES A COMMON STOCK 150870103 1,671 15,500 SH   SOLE 0 0 0 15,500
CELGENE CORP COMMON STOCK 151020104 2,126 23,000 SH   SOLE 0 0 0 23,000
CENTERPOINT ENERGY INC COMMON STOCK 15189T107 1,489 52,000 SH   SOLE 0 0 0 52,000
CERNER CORP COMMON STOCK 156782104 1,613 22,000 SH   SOLE 0 0 0 22,000
CHATHAM LODGING TRUST COMMON STOCK 16208T102 170 9,000 SH   SOLE 0 0 0 9,000
CHESAPEAKE LODGING TRUST COMMON STOCK 165240102 412 14,500 SH   SOLE 0 0 0 14,500
CINTAS CORP COMMON STOCK 172908105 1,851 7,800 SH   SOLE 0 0 0 7,800
CISCO SYSTEMS INC COMMON STOCK 17275R102 3,941 72,000 SH   SOLE 0 0 0 72,000
CITRIX SYSTEMS INC COMMON STOCK 177376100 1,472 15,000 SH   SOLE 0 0 0 15,000
CLOROX COMPANY COMMON STOCK 189054109 1,608 10,500 SH   SOLE 0 0 0 10,500
COLUMBIA PROPERTY TRUST INC COMMON STOCK 198287203 622 30,000 SH   SOLE 0 0 0 30,000
CORPORATE OFFICE PROPERTIES COMMON STOCK 22002T108 883 33,500 SH   SOLE 0 0 0 33,500
COUSINS PROPERTIES INC COMMON STOCK 222795502 1,299 35,900 SH   SOLE 0 0 0 35,900
CSX CORP COMMON STOCK 126408103 2,321 30,000 SH   SOLE 0 0 0 30,000
CUBESMART COMMON STOCK 229663109 736 22,000 SH   SOLE 0 0 0 22,000
CYRUSONE INC COMMON STOCK 23283R100 993 17,200 SH   SOLE 0 0 0 17,200
Colony Capital Inc COMMON STOCK 19625W104 636 127,286 SH   SOLE 0 0 0 127,286
DARDEN RESTAURANTS INC COMMON STOCK 237194105 1,680 13,800 SH   SOLE 0 0 0 13,800
DIAMONDROCK HOSPITALITY CO COMMON STOCK 252784301 155 15,000 SH   SOLE 0 0 0 15,000
DIGITAL REALTY TRUST INC COMMON STOCK 253868103 1,702 14,447 SH   SOLE 0 0 0 14,447
DOLLAR GENERAL CORP COMMON STOCK 256677105 1,987 14,700 SH   SOLE 0 0 0 14,700
DOMINION ENERGY INC COMMON STOCK 25746U109 2,088 27,000 SH   SOLE 0 0 0 27,000
DUKE REALTY CORP COMMON STOCK 264411505 496 15,707 SH   SOLE 0 0 0 15,707
EASTGROUP PROPERTIES INC COMMON STOCK 277276101 362 3,122 SH   SOLE 0 0 0 3,122
EBAY INC COMMON STOCK 278642103 1,857 47,000 SH   SOLE 0 0 0 47,000
ELI LILLY and CO COMMON STOCK 532457108 2,382 21,500 SH   SOLE 0 0 0 21,500
EMERSON ELECTRIC CO COMMON STOCK 291011104 1,895 28,400 SH   SOLE 0 0 0 28,400
EMPIRE STATE REALTY TRUST-A COMMON STOCK 292104106 252 17,000 SH   SOLE 0 0 0 17,000
EPR PROPERTIES COMMON STOCK 26884U109 1,119 15,000 SH   SOLE 0 0 0 15,000
EQUITY RESIDENTIAL COMMON STOCK 29476L107 1,819 23,953 SH   SOLE 0 0 0 23,953
ESSEX PROPERTY TRUST INC COMMON STOCK 297178105 876 3,000 SH   SOLE 0 0 0 3,000
ETRADE FINANCIAL CORP COMMON STOCK 269246401 1,472 33,000 SH   SOLE 0 0 0 33,000
EXELON CORP COMMON STOCK 30161N101 1,918 40,000 SH   SOLE 0 0 0 40,000
EXPEDITORS INTL WASH INC COMMON STOCK 302130109 1,578 20,800 SH   SOLE 0 0 0 20,800
EXXON MOBIL CORP COMMON STOCK 30231G102 4,981 65,000 SH   SOLE 0 0 0 65,000
F5 NETWORKS INC COMMON STOCK 315616102 1,354 9,300 SH   SOLE 0 0 0 9,300
FARMLAND PARTNERS INC COMMON STOCK 31154R109 120 17,000 SH   SOLE 0 0 0 17,000
FASTENAL CO COMMON STOCK 311900104 1,662 51,000 SH   SOLE 0 0 0 51,000
FIRSTENERGY CORP COMMON STOCK 337932107 1,712 40,000 SH   SOLE 0 0 0 40,000
FRANKLIN STREET PROPERTIES C COMMON STOCK 35471R106 148 20,000 SH   SOLE 0 0 0 20,000
GAMING AND LEISURE PROPERTIE COMMON STOCK 36467J108 1,189 30,500 SH   SOLE 0 0 0 30,500
GLOBAL NET LEASE INC COMMON STOCK 379378201 588 29,992 SH   SOLE 0 0 0 29,992
HARTFORD FINANCIAL SVCS GRP COMMON STOCK 416515104 1,616 29,000 SH   SOLE 0 0 0 29,000
HCP INC COMMON STOCK 40414L109 1,375 43,007 SH   SOLE 0 0 0 43,007
HEALTHCARE REALTY TRUST INC COMMON STOCK 421946104 128 4,082 SH   SOLE 0 0 0 4,082
HEALTHCARE TRUST OF AME-CL A COMMON STOCK 42225P501 905 33,000 SH   SOLE 0 0 0 33,000
HERSHA HOSPITALITY TRUST COMMON STOCK 427825500 132 8,000 SH   SOLE 0 0 0 8,000
HERSHEY CO/THE COMMON STOCK 427866108 1,957 14,600 SH   SOLE 0 0 0 14,600
HIGHWOODS PROPERTIES INC COMMON STOCK 431284108 698 16,898 SH   SOLE 0 0 0 16,898
HILTON WORLDWIDE HOLDINGS IN COMMON STOCK 43300A203 1,759 18,000 SH   SOLE 0 0 0 18,000
HOME DEPOT INC COMMON STOCK 437076102 4,035 19,400 SH   SOLE 0 0 0 19,400
HOSPITALITY PROPERTIES TRUST COMMON STOCK 44106M102 682 27,266 SH   SOLE 0 0 0 27,266
HOST HOTELS and RESORTS INC COMMON STOCK 44107P104 1,227 67,343 SH   SOLE 0 0 0 67,343
HUDSON PACIFIC PROPERTIES IN COMMON STOCK 444097109 782 23,500 SH   SOLE 0 0 0 23,500
HUMANA INC COMMON STOCK 444859102 1,778 6,700 SH   SOLE 0 0 0 6,700
IDEX CORP COMMON STOCK 45167R104 1,842 10,700 SH   SOLE 0 0 0 10,700
ILLINOIS TOOL WORKS COMMON STOCK 452308109 2,051 13,600 SH   SOLE 0 0 0 13,600
INDUSTRIAL LOGISTICS PROPERT COMMON STOCK 456237106 1,282 61,572 SH   SOLE 0 0 0 61,572
INGERSOLL-RAND PLC COMMON STOCK 000000000 2,128 16,800 SH   SOLE 0 0 0 16,800
INTL BUSINESS MACHINES CORP COMMON STOCK 459200101 2,661 19,300 SH   SOLE 0 0 0 19,300
INTUIT INC COMMON STOCK 461202103 2,241 8,575 SH   SOLE 0 0 0 8,575
INVITATION HOMES INC COMMON STOCK 46187W107 259 9,684 SH   SOLE 0 0 0 9,684
IRON MOUNTAIN INC COMMON STOCK 46284V101 1,017 32,500 SH   SOLE 0 0 0 32,500
KENNEDY-WILSON HOLDINGS INC COMMON STOCK 489398107 278 13,509 SH   SOLE 0 0 0 13,509
KILROY REALTY CORP COMMON STOCK 49427F108 295 4,000 SH   SOLE 0 0 0 4,000
KIMBERLY-CLARK CORP COMMON STOCK 494368103 2,212 16,600 SH   SOLE 0 0 0 16,600
KIMCO REALTY CORP COMMON STOCK 49446R109 375 20,295 SH   SOLE 0 0 0 20,295
KITE REALTY GROUP TRUST COMMON STOCK 49803T300 384 25,400 SH   SOLE 0 0 0 25,400
KLA-TENCOR CORP COMMON STOCK 482480100 1,596 13,500 SH   SOLE 0 0 0 13,500
LEAR CORP COMMON STOCK 521865204 1,671 12,000 SH   SOLE 0 0 0 12,000
LENNOX INTERNATIONAL INC COMMON STOCK 526107107 1,815 6,600 SH   SOLE 0 0 0 6,600
LEXINGTON REALTY TRUST COMMON STOCK 529043101 527 56,000 SH   SOLE 0 0 0 56,000
LIBERTY PROPERTY TRUST COMMON STOCK 531172104 1,150 22,984 SH   SOLE 0 0 0 22,984
LOEWS CORP COMMON STOCK 540424108 1,733 31,700 SH   SOLE 0 0 0 31,700
LOWE'S COS INC COMMON STOCK 548661107 2,351 23,300 SH   SOLE 0 0 0 23,300
Life Storage Inc COMMON STOCK 53223X107 475 5,000 SH   SOLE 0 0 0 5,000
MACERICH CO/THE COMMON STOCK 554382101 277 8,266 SH   SOLE 0 0 0 8,266
MACK-CALI REALTY CORP COMMON STOCK 554489104 652 28,000 SH   SOLE 0 0 0 28,000
MANPOWERGROUP INC COMMON STOCK 56418H100 1,546 16,000 SH   SOLE 0 0 0 16,000
MARSH and MCLENNAN COS COMMON STOCK 571748102 2,165 21,700 SH   SOLE 0 0 0 21,700
MASCO CORP COMMON STOCK 574599106 1,852 47,200 SH   SOLE 0 0 0 47,200
MASTERCARD INC - A COMMON STOCK 57636Q104 4,338 16,400 SH   SOLE 0 0 0 16,400
MCDONALD'S CORP COMMON STOCK 580135101 3,260 15,700 SH   SOLE 0 0 0 15,700
MEDICAL PROPERTIES TRUST INC COMMON STOCK 58463J304 907 52,000 SH   SOLE 0 0 0 52,000
MERCK and CO. INC. COMMON STOCK 58933Y105 3,941 47,000 SH   SOLE 0 0 0 47,000
METTLER-TOLEDO INTERNATIONAL COMMON STOCK 592688105 1,907 2,270 SH   SOLE 0 0 0 2,270
MICROSOFT CORP COMMON STOCK 594918104 8,157 60,890 SH   SOLE 0 0 0 60,890
MID-AMERICA APARTMENT COMM COMMON STOCK 59522J103 1,596 13,550 SH   SOLE 0 0 0 13,550
MONMOUTH REAL ESTATE INV COR COMMON STOCK 609720107 705 52,000 SH   SOLE 0 0 0 52,000
MONSTER BEVERAGE CORP COMMON STOCK 61174X109 1,691 26,500 SH   SOLE 0 0 0 26,500
MOTOROLA SOLUTIONS INC COMMON STOCK 620076307 1,834 11,000 SH   SOLE 0 0 0 11,000
MSCI INC COMMON STOCK 55354G100 1,672 7,000 SH   SOLE 0 0 0 7,000
NATL HEALTH INVESTORS INC COMMON STOCK 63633D104 741 9,500 SH   SOLE 0 0 0 9,500
NETAPP INC COMMON STOCK 64110D104 1,481 24,000 SH   SOLE 0 0 0 24,000
NEW SENIOR INVESTMENT GROUP COMMON STOCK 648691103 113 16,863 SH   SOLE 0 0 0 16,863
NEW YORK REIT INC liquidation shs COMMON STOCK 64976L208 0 2,200 SH   SOLE 0 0 0 2,200
NORTHERN TRUST CORP COMMON STOCK 665859104 1,620 18,000 SH   SOLE 0 0 0 18,000
O'REILLY AUTOMOTIVE INC COMMON STOCK 67103H107 1,773 4,800 SH   SOLE 0 0 0 4,800
OFFICE PROPERTIES INCOME TRUST COMMON STOCK 67623C109 334 12,714 SH   SOLE 0 0 0 12,714
OMEGA HEALTHCARE INVESTORS COMMON STOCK 681936100 735 20,000 SH   SOLE 0 0 0 20,000
OMNICOM GROUP COMMON STOCK 681919106 1,696 20,700 SH   SOLE 0 0 0 20,700
PAYCHEX INC COMMON STOCK 704326107 1,782 21,650 SH   SOLE 0 0 0 21,650
PEBBLEBROOK HOTEL TRUST COMMON STOCK 70509V100 348 12,355 SH   SOLE 0 0 0 12,355
PEOPLE'S UNITED FINANCIAL COMMON STOCK 712704105 1,510 90,000 SH   SOLE 0 0 0 90,000
PEPSICO INC COMMON STOCK 713448108 3,632 27,700 SH   SOLE 0 0 0 27,700
PFIZER INC COMMON STOCK 717081103 4,185 96,600 SH   SOLE 0 0 0 96,600
PHYSICIANS REALTY TRUST COMMON STOCK 71943U104 767 44,000 SH   SOLE 0 0 0 44,000
PPG INDUSTRIES INC COMMON STOCK 693506107 1,867 16,000 SH   SOLE 0 0 0 16,000
PPL CORP COMMON STOCK 69351T106 1,634 52,700 SH   SOLE 0 0 0 52,700
PREFERRED APARTMENT COMMUN-A COMMON STOCK 74039L103 449 30,000 SH   SOLE 0 0 0 30,000
PROLOGIS INC COMMON STOCK 74340W103 2,898 36,183 SH   SOLE 0 0 0 36,183
PUBLIC STORAGE COMMON STOCK 74460D109 2,099 8,813 SH   SOLE 0 0 0 8,813
QTS REALTY TRUST INC-CL A COMMON STOCK 74736A103 369 8,000 SH   SOLE 0 0 0 8,000
RALPH LAUREN CORP COMMON STOCK 751212101 1,477 13,000 SH   SOLE 0 0 0 13,000
REGENCY CENTERS CORP COMMON STOCK 758849103 1,502 22,500 SH   SOLE 0 0 0 22,500
REINSURANCE GROUP OF AMERICA COMMON STOCK 759351604 1,560 10,000 SH   SOLE 0 0 0 10,000
RETAIL VALUE INC COMMON STOCK 76133Q102 3 99 SH   SOLE 0 0 0 99
RLJ LODGING TRUST COMMON STOCK 74965L101 511 28,800 SH   SOLE 0 0 0 28,800
RMR GROUP INC/THE - A COMMON STOCK 74967R106 50 1,069 SH   SOLE 0 0 0 1,069
ROBERT HALF INTL INC COMMON STOCK 770323103 1,477 25,900 SH   SOLE 0 0 0 25,900
ROCKWELL AUTOMATION INC COMMON STOCK 773903109 1,540 9,400 SH   SOLE 0 0 0 9,400
ROSS STORES INC COMMON STOCK 778296103 1,863 18,800 SH   SOLE 0 0 0 18,800
RPT REALTY COMMON STOCK 74971D101 304 25,100 SH   SOLE 0 0 0 25,100
SandP GLOBAL INC COMMON STOCK 78409V104 2,210 9,700 SH   SOLE 0 0 0 9,700
SABRA HEALTH CARE REIT INC COMMON STOCK 78573L106 1,021 51,874 SH   SOLE 0 0 0 51,874
SEI INVESTMENTS COMPANY COMMON STOCK 784117103 1,571 28,000 SH   SOLE 0 0 0 28,000
SENIOR HOUSING PROP TRUST COMMON STOCK 81721M109 629 76,100 SH   SOLE 0 0 0 76,100
SHERWIN-WILLIAMS CO/THE COMMON STOCK 824348106 1,879 4,100 SH   SOLE 0 0 0 4,100
SIMON PROPERTY GROUP INC COMMON STOCK 828806109 3,915 24,506 SH   SOLE 0 0 0 24,506
SIMON PROPERTY GROUP INC COMMON STOCK 828806109 1,917 12,000 SH   SOLE 0 0 0 12,000
SKYWORKS SOLUTIONS INC COMMON STOCK 83088M102 1,406 18,200 SH   SOLE 0 0 0 18,200
SL GREEN REALTY CORP COMMON STOCK 78440X101 583 7,257 SH   SOLE 0 0 0 7,257
SL GREEN REALTY CORP COMMON STOCK 78440X101 1,455 18,100 SH   SOLE 0 0 0 18,100
SMITH (A.O.) CORP COMMON STOCK 831865209 1,504 31,900 SH   SOLE 0 0 0 31,900
SNAP-ON INC COMMON STOCK 833034101 1,491 9,000 SH   SOLE 0 0 0 9,000
SOUTHERN CO/THE COMMON STOCK 842587107 2,184 39,500 SH   SOLE 0 0 0 39,500
SPIRIT REALTY CAPITAL INC COMMON STOCK 84860W300 657 15,400 SH   SOLE 0 0 0 15,400
STAG INDUSTRIAL INC COMMON STOCK 85254J102 771 25,500 SH   SOLE 0 0 0 25,500
STARBUCKS CORP COMMON STOCK 855244109 2,808 33,500 SH   SOLE 0 0 0 33,500
STORE CAPITAL CORP COMMON STOCK 862121100 697 21,000 SH   SOLE 0 0 0 21,000
STRYKER CORP COMMON STOCK 863667101 2,344 11,400 SH   SOLE 0 0 0 11,400
SUMMIT HOTEL PROPERTIES INC COMMON STOCK 866082100 214 18,700 SH   SOLE 0 0 0 18,700
SUNSTONE HOTEL INVESTORS INC COMMON STOCK 867892101 178 13,000 SH   SOLE 0 0 0 13,000
SYSCO CORP COMMON STOCK 871829107 1,747 24,700 SH   SOLE 0 0 0 24,700
TANGER FACTORY OUTLET CENTER COMMON STOCK 875465106 462 28,500 SH   SOLE 0 0 0 28,500
TARGET CORP COMMON STOCK 87612E106 1,905 22,000 SH   SOLE 0 0 0 22,000
TAUBMAN CENTERS INC COMMON STOCK 876664103 245 6,000 SH   SOLE 0 0 0 6,000
TEXAS INSTRUMENTS INC COMMON STOCK 882508104 2,685 23,400 SH   SOLE 0 0 0 23,400
TJX COMPANIES INC COMMON STOCK 872540109 2,168 41,000 SH   SOLE 0 0 0 41,000
TORCHMARK CORP COMMON STOCK 891027104 1,628 18,200 SH   SOLE 0 0 0 18,200
TRACTOR SUPPLY COMPANY COMMON STOCK 892356106 1,795 16,500 SH   SOLE 0 0 0 16,500
TRAVELERS COS INC/THE COMMON STOCK 89417E109 2,078 13,900 SH   SOLE 0 0 0 13,900
UDR INC COMMON STOCK 902653104 1,011 22,519 SH   SOLE 0 0 0 22,519
UMH PROPERTIES INC COMMON STOCK 903002103 459 37,000 SH   SOLE 0 0 0 37,000
UNITEDHEALTH GROUP INC COMMON STOCK 91324P102 3,953 16,200 SH   SOLE 0 0 0 16,200
UNITI GROUP INC COMMON STOCK 91325V108 152 16,000 SH   SOLE 0 0 0 16,000
URSTADT BIDDLE - CLASS A COMMON STOCK 917286205 357 17,000 SH   SOLE 0 0 0 17,000
US BANCORP COMMON STOCK 902973304 2,222 42,400 SH   SOLE 0 0 0 42,400
VENTAS INC COMMON STOCK 92276F100 1,709 25,000 SH   SOLE 0 0 0 25,000
VENTAS INC COMMON STOCK 92276F100 1,939 28,362 SH   SOLE 0 0 0 28,362
VEREIT INC COMMON STOCK 92339V100 1,352 150,000 SH   SOLE 0 0 0 150,000
VEREIT INC COMMON STOCK 92339V100 1,469 163,000 SH   SOLE 0 0 0 163,000
VERIZON COMMUNICATIONS INC COMMON STOCK 92343V104 4,085 71,500 SH   SOLE 0 0 0 71,500
VISA INC-CLASS A SHARES COMMON STOCK 92826C839 4,755 27,400 SH   SOLE 0 0 0 27,400
VORNADO REALTY TRUST COMMON STOCK 929042109 720 11,237 SH   SOLE 0 0 0 11,237
VORNADO REALTY TRUST COMMON STOCK 929042109 1,410 22,000 SH   SOLE 0 0 0 22,000
WASHINGTON REIT COMMON STOCK 939653101 160 6,000 SH   SOLE 0 0 0 6,000
WASTE MANAGEMENT INC COMMON STOCK 94106L109 2,227 19,300 SH   SOLE 0 0 0 19,300
WATERS CORP COMMON STOCK 941848103 1,399 6,500 SH   SOLE 0 0 0 6,500
WEINGARTEN REALTY INVESTORS COMMON STOCK 948741103 283 10,314 SH   SOLE 0 0 0 10,314
WELLTOWER INC COMMON STOCK 95040Q104 1,977 24,247 SH   SOLE 0 0 0 24,247
WESTERN UNION CO COMMON STOCK 959802109 1,482 74,500 SH   SOLE 0 0 0 74,500
WW GRAINGER INC COMMON STOCK 384802104 1,368 5,100 SH   SOLE 0 0 0 5,100
YUM! BRANDS INC COMMON STOCK 988498101 1,970 17,800 SH   SOLE 0 0 0 17,800
ZOETIS INC COMMON STOCK 98978V103 2,406 21,200 SH   SOLE 0 0 0 21,200