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 2,239 16,400 SH   SOLE 0 0 0 16,400
A SITE CENTER REIT COMMON STOCK 23317H854 52 10,000 SH   SOLE 0 0 0 10,000
ABBVIE INC COMMON STOCK 00287Y109 2,781 36,500 SH   SOLE 0 0 0 36,500
AFLAC INC COMMON STOCK 001055102 1,229 35,900 SH   SOLE 0 0 0 35,900
AGNC INVESTMENT CORP COMMON STOCK 00123Q104 868 82,000 SH   SOLE 0 0 0 82,000
ALEXANDRIA REAL ESTATE EQUIT COMMON STOCK 015271109 1,446 10,550 SH   SOLE 0 0 0 10,550
ALLEGHANY CORP COMMON STOCK 017175100 1,270 2,300 SH   SOLE 0 0 0 2,300
ALLSTATE CORP COMMON STOCK 020002101 1,798 19,600 SH   SOLE 0 0 0 19,600
AMERICAN CAMPUS COMMUNITIES COMMON STOCK 024835100 869 31,300 SH   SOLE 0 0 0 31,300
AMERICAN FINANCIAL GROUP INC COMMON STOCK 025932104 981 14,000 SH   SOLE 0 0 0 14,000
AMERICAN HOMES 4 RENT- A COMMON STOCK 02665T306 1,021 44,000 SH   SOLE 0 0 0 44,000
AMERIPRISE FINANCIAL INC COMMON STOCK 03076C106 1,342 13,100 SH   SOLE 0 0 0 13,100
AMGEN INC COMMON STOCK 031162100 2,940 14,500 SH   SOLE 0 0 0 14,500
ANNALY CAPITAL MANAGEMENT IN COMMON STOCK 035710409 837 165,000 SH   SOLE 0 0 0 165,000
ANTHEM INC COMMON STOCK 036752103 1,964 8,650 SH   SOLE 0 0 0 8,650
APARTMENT INVT and MGMT CO -A COMMON STOCK 03748R754 974 27,709 SH   SOLE 0 0 0 27,709
APPLE HOSPITALITY REIT INC COMMON STOCK 03784Y200 119 13,000 SH   SOLE 0 0 0 13,000
APPLE INC COMMON STOCK 037833100 8,537 33,570 SH   SOLE 0 0 0 33,570
ARMADA HOFFLER PROPERTIES IN COMMON STOCK 04208T108 140 13,101 SH   SOLE 0 0 0 13,101
ATandT INC COMMON STOCK 00206R102 3,760 129,000 SH   SOLE 0 0 0 129,000
AUTOMATIC DATA PROCESSING COMMON STOCK 053015103 2,050 15,000 SH   SOLE 0 0 0 15,000
AUTOZONE INC COMMON STOCK 053332102 1,481 1,750 SH   SOLE 0 0 0 1,750
AVALONBAY COMMUNITIES INC COMMON STOCK 053484101 1,663 11,302 SH   SOLE 0 0 0 11,302
AVERY DENNISON CORP COMMON STOCK 053611109 1,518 14,900 SH   SOLE 0 0 0 14,900
BAXTER INTERNATIONAL INC COMMON STOCK 071813109 1,949 24,000 SH   SOLE 0 0 0 24,000
BEST BUY CO INC COMMON STOCK 086516101 1,328 23,300 SH   SOLE 0 0 0 23,300
BIOGEN INC COMMON STOCK 09062X103 2,373 7,500 SH   SOLE 0 0 0 7,500
BLACKROCK INC COMMON STOCK 09247X101 2,068 4,700 SH   SOLE 0 0 0 4,700
BOOKING HOLDINGS INC COMMON STOCK 741503403 1,749 1,300 SH   SOLE 0 0 0 1,300
BOSTON PROPERTIES INC COMMON STOCK 101121101 628 6,814 SH   SOLE 0 0 0 6,814
BRANDYWINE REALTY TRUST COMMON STOCK 105368203 752 71,500 SH   SOLE 0 0 0 71,500
BRISTOL-MYERS SQUIBB CO COMMON STOCK 110122108 3,066 55,000 SH   SOLE 0 0 0 55,000
BRISTOL-MYERS SQUIBB-CVR COMMON STOCK 110122157 87 23,000 SH   SOLE 0 0 0 23,000
BRIXMOR PROPERTY GROUP INC COMMON STOCK 11120U105 482 50,711 SH   SOLE 0 0 0 50,711
BROADRIDGE FINANCIAL SOLUTIO COMMON STOCK 11133T103 1,394 14,700 SH   SOLE 0 0 0 14,700
CAMDEN PROPERTY TRUST COMMON STOCK 133131102 1,207 15,231 SH   SOLE 0 0 0 15,231
CBL and ASSOCIATES PROPERTIES COMMON STOCK 124830100 6 32,000 SH   SOLE 0 0 0 32,000
CDW CORP/DE COMMON STOCK 12514G108 1,373 14,725 SH   SOLE 0 0 0 14,725
CELANESE CORP-SERIES A COMMON STOCK 150870103 1,138 15,500 SH   SOLE 0 0 0 15,500
CENTERPOINT ENERGY INC COMMON STOCK 15189T107 1,344 87,000 SH   SOLE 0 0 0 87,000
CERNER CORP COMMON STOCK 156782104 1,638 26,000 SH   SOLE 0 0 0 26,000
CHATHAM LODGING TRUST COMMON STOCK 16208T102 53 9,000 SH   SOLE 0 0 0 9,000
CHURCH and DWIGHT CO INC COMMON STOCK 171340102 1,540 24,000 SH   SOLE 0 0 0 24,000
CINTAS CORP COMMON STOCK 172908105 1,230 7,100 SH   SOLE 0 0 0 7,100
CISCO SYSTEMS INC COMMON STOCK 17275R102 3,282 83,500 SH   SOLE 0 0 0 83,500
CITRIX SYSTEMS INC COMMON STOCK 177376100 2,123 15,000 SH   SOLE 0 0 0 15,000
CLOROX COMPANY COMMON STOCK 189054109 1,819 10,500 SH   SOLE 0 0 0 10,500
COGNIZANT TECH SOLUTIONS-A COMMON STOCK 192446102 1,580 34,000 SH   SOLE 0 0 0 34,000
COLGATE-PALMOLIVE CO COMMON STOCK 194162103 2,090 31,500 SH   SOLE 0 0 0 31,500
COLUMBIA PROPERTY TRUST INC COMMON STOCK 198287203 375 30,000 SH   SOLE 0 0 0 30,000
CORPORATE OFFICE PROPERTIES COMMON STOCK 22002T108 343 15,500 SH   SOLE 0 0 0 15,500
COUSINS PROPERTIES INC COMMON STOCK 222795502 1,139 38,900 SH   SOLE 0 0 0 38,900
CUBESMART COMMON STOCK 229663109 723 27,000 SH   SOLE 0 0 0 27,000
CYRUSONE INC COMMON STOCK 23283R100 1,124 18,200 SH   SOLE 0 0 0 18,200
Colony Capital Inc COMMON STOCK 19625W104 275 157,286 SH   SOLE 0 0 0 157,286
DARDEN RESTAURANTS INC COMMON STOCK 237194105 752 13,800 SH   SOLE 0 0 0 13,800
DIGITAL REALTY TRUST INC COMMON STOCK 253868103 2,354 16,947 SH   SOLE 0 0 0 16,947
DOLLAR GENERAL CORP COMMON STOCK 256677105 2,220 14,700 SH   SOLE 0 0 0 14,700
DOMINION ENERGY INC COMMON STOCK 25746U109 2,021 28,000 SH   SOLE 0 0 0 28,000
DOUGLAS EMMETT INC COMMON STOCK 25960P109 275 9,000 SH   SOLE 0 0 0 9,000
DUKE REALTY CORP COMMON STOCK 264411505 865 26,707 SH   SOLE 0 0 0 26,707
Diversified Healthcare Trust COMMON STOCK 25525P107 465 128,100 SH   SOLE 0 0 0 128,100
EASTGROUP PROPERTIES INC COMMON STOCK 277276101 44 422 SH   SOLE 0 0 0 422
EBAY INC COMMON STOCK 278642103 1,593 53,000 SH   SOLE 0 0 0 53,000
ELI LILLY and CO COMMON STOCK 532457108 2,982 21,500 SH   SOLE 0 0 0 21,500
EMERSON ELECTRIC CO COMMON STOCK 291011104 1,353 28,400 SH   SOLE 0 0 0 28,400
EMPIRE STATE REALTY TRUST-A COMMON STOCK 292104106 260 29,000 SH   SOLE 0 0 0 29,000
EPR PROPERTIES COMMON STOCK 26884U109 499 20,600 SH   SOLE 0 0 0 20,600
EQUINIX INC COMMON STOCK 29444U700 1,999 3,200 SH   SOLE 0 0 0 3,200
EQUITY RESIDENTIAL COMMON STOCK 29476L107 2,317 37,553 SH   SOLE 0 0 0 37,553
ESSENTIAL PROPERTIES REALTY COMMON STOCK 29670E107 235 18,000 SH   SOLE 0 0 0 18,000
ESSEX PROPERTY TRUST INC COMMON STOCK 297178105 1,432 6,500 SH   SOLE 0 0 0 6,500
EXELON CORP COMMON STOCK 30161N101 1,748 47,500 SH   SOLE 0 0 0 47,500
EXPEDITORS INTL WASH INC COMMON STOCK 302130109 1,454 21,800 SH   SOLE 0 0 0 21,800
EXXON MOBIL CORP COMMON STOCK 30231G102 2,886 76,000 SH   SOLE 0 0 0 76,000
F5 NETWORKS INC COMMON STOCK 315616102 1,312 12,300 SH   SOLE 0 0 0 12,300
FACEBOOK INC-A COMMON STOCK 30303M102 6,172 37,000 SH   SOLE 0 0 0 37,000
FIRSTENERGY CORP COMMON STOCK 337932107 1,643 41,000 SH   SOLE 0 0 0 41,000
FISERV INC COMMON STOCK 337738108 1,900 20,000 SH   SOLE 0 0 0 20,000
FOUR CORNERS PROPERTY TRUST COMMON STOCK 35086T109 112 6,000 SH   SOLE 0 0 0 6,000
GAMING AND LEISURE PROPERTIE COMMON STOCK 36467J108 845 30,500 SH   SOLE 0 0 0 30,500
GENERAL MILLS INC COMMON STOCK 370334104 1,952 37,000 SH   SOLE 0 0 0 37,000
GLOBAL MEDICAL REIT INC COMMON STOCK 37954A204 215 21,200 SH   SOLE 0 0 0 21,200
GLOBAL NET LEASE INC COMMON STOCK 379378201 521 38,992 SH   SOLE 0 0 0 38,992
GLOBE LIFE INC COMMON STOCK 37959E102 1,310 18,200 SH   SOLE 0 0 0 18,200
HARTFORD FINANCIAL SVCS GRP COMMON STOCK 416515104 1,022 29,000 SH   SOLE 0 0 0 29,000
HCP INC COMMON STOCK 42250P103 1,217 51,007 SH   SOLE 0 0 0 51,007
HEALTHCARE REALTY TRUST INC COMMON STOCK 421946104 114 4,082 SH   SOLE 0 0 0 4,082
HEALTHCARE TRUST OF AME-CL A COMMON STOCK 42225P501 923 38,000 SH   SOLE 0 0 0 38,000
HERSHA HOSPITALITY TRUST COMMON STOCK 427825500 29 8,000 SH   SOLE 0 0 0 8,000
HERSHEY CO/THE COMMON STOCK 427866108 1,776 13,400 SH   SOLE 0 0 0 13,400
HIGHWOODS PROPERTIES INC COMMON STOCK 431284108 599 16,898 SH   SOLE 0 0 0 16,898
HOME DEPOT INC COMMON STOCK 437076102 3,622 19,400 SH   SOLE 0 0 0 19,400
HOST HOTELS and RESORTS INC COMMON STOCK 44107P104 854 77,343 SH   SOLE 0 0 0 77,343
HP INC COMMON STOCK 40434L105 1,649 95,000 SH   SOLE 0 0 0 95,000
HUDSON PACIFIC PROPERTIES IN COMMON STOCK 444097109 596 23,500 SH   SOLE 0 0 0 23,500
HUMANA INC COMMON STOCK 444859102 2,104 6,700 SH   SOLE 0 0 0 6,700
IDEX CORP COMMON STOCK 45167R104 1,478 10,700 SH   SOLE 0 0 0 10,700
IDEXX LABORATORIES INC COMMON STOCK 45168D104 1,647 6,800 SH   SOLE 0 0 0 6,800
ILLINOIS TOOL WORKS COMMON STOCK 452308109 1,933 13,600 SH   SOLE 0 0 0 13,600
INDUSTRIAL LOGISTICS PROPERT COMMON STOCK 456237106 1,080 61,572 SH   SOLE 0 0 0 61,572
INGERSOLL-RAND INC COMMON STOCK 000000000 324 13,059 SH   SOLE 0 0 0 13,059
INNOVATIVE INDUSTRIAL PROPER COMMON STOCK 45781V101 114 1,500 SH   SOLE 0 0 0 1,500
INTL BUSINESS MACHINES CORP COMMON STOCK 459200101 2,474 22,300 SH   SOLE 0 0 0 22,300
INTUIT INC COMMON STOCK 461202103 1,972 8,575 SH   SOLE 0 0 0 8,575
INVITATION HOMES INC COMMON STOCK 46187W107 634 29,684 SH   SOLE 0 0 0 29,684
IRON MOUNTAIN INC COMMON STOCK 46284V101 869 36,500 SH   SOLE 0 0 0 36,500
KENNEDY-WILSON HOLDINGS INC COMMON STOCK 489398107 181 13,509 SH   SOLE 0 0 0 13,509
KILROY REALTY CORP COMMON STOCK 49427F108 414 6,500 SH   SOLE 0 0 0 6,500
KIMBERLY-CLARK CORP COMMON STOCK 494368103 2,123 16,600 SH   SOLE 0 0 0 16,600
KIMCO REALTY CORP COMMON STOCK 49446R109 196 20,295 SH   SOLE 0 0 0 20,295
KITE REALTY GROUP TRUST COMMON STOCK 49803T300 165 17,400 SH   SOLE 0 0 0 17,400
LAM RESEARCH CORP COMMON STOCK 512807108 1,920 8,000 SH   SOLE 0 0 0 8,000
LENNOX INTERNATIONAL INC COMMON STOCK 526107107 1,382 7,600 SH   SOLE 0 0 0 7,600
LEXINGTON REALTY TRUST COMMON STOCK 529043101 705 71,000 SH   SOLE 0 0 0 71,000
LOEWS CORP COMMON STOCK 540424108 1,104 31,700 SH   SOLE 0 0 0 31,700
LOWE'S COS INC COMMON STOCK 548661107 2,048 23,800 SH   SOLE 0 0 0 23,800
Life Storage Inc COMMON STOCK 53223X107 756 8,000 SH   SOLE 0 0 0 8,000
MACERICH CO/THE COMMON STOCK 554382101 47 8,266 SH   SOLE 0 0 0 8,266
MACK-CALI REALTY CORP COMMON STOCK 554489104 320 21,000 SH   SOLE 0 0 0 21,000
MANPOWERGROUP INC COMMON STOCK 56418H100 848 16,000 SH   SOLE 0 0 0 16,000
MARSH and MCLENNAN COS COMMON STOCK 571748102 1,876 21,700 SH   SOLE 0 0 0 21,700
MASCO CORP COMMON STOCK 574599106 1,286 37,200 SH   SOLE 0 0 0 37,200
MASTERCARD INC - A COMMON STOCK 57636Q104 3,962 16,400 SH   SOLE 0 0 0 16,400
MCDONALD'S CORP COMMON STOCK 580135101 2,761 16,700 SH   SOLE 0 0 0 16,700
MEDICAL PROPERTIES TRUST INC COMMON STOCK 58463J304 1,245 72,000 SH   SOLE 0 0 0 72,000
MERCK and CO. INC. COMMON STOCK 58933Y105 3,770 49,000 SH   SOLE 0 0 0 49,000
METTLER-TOLEDO INTERNATIONAL COMMON STOCK 592688105 1,637 2,370 SH   SOLE 0 0 0 2,370
MICROSOFT CORP COMMON STOCK 594918104 8,893 56,390 SH   SOLE 0 0 0 56,390
MID-AMERICA APARTMENT COMM COMMON STOCK 59522J103 1,520 14,750 SH   SOLE 0 0 0 14,750
MONMOUTH REAL ESTATE INV COR COMMON STOCK 609720107 627 52,000 SH   SOLE 0 0 0 52,000
MONSTER BEVERAGE CORP COMMON STOCK 61174X109 1,699 30,200 SH   SOLE 0 0 0 30,200
MOTOROLA SOLUTIONS INC COMMON STOCK 620076307 1,529 11,500 SH   SOLE 0 0 0 11,500
MSCI INC COMMON STOCK 55354G100 2,023 7,000 SH   SOLE 0 0 0 7,000
NATL HEALTH INVESTORS INC COMMON STOCK 63633D104 654 13,200 SH   SOLE 0 0 0 13,200
NEW SENIOR INVESTMENT GROUP COMMON STOCK 648691103 43 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
O'REILLY AUTOMOTIVE INC COMMON STOCK 67103H107 1,505 5,000 SH   SOLE 0 0 0 5,000
OFFICE PROPERTIES INCOME TRUST COMMON STOCK 67623C109 346 12,714 SH   SOLE 0 0 0 12,714
OMEGA HEALTHCARE INVESTORS COMMON STOCK 681936100 1,088 41,000 SH   SOLE 0 0 0 41,000
OMNICOM GROUP COMMON STOCK 681919106 1,466 26,700 SH   SOLE 0 0 0 26,700
PARK HOTELS and RESORTS INC COMMON STOCK 700517105 72 9,106 SH   SOLE 0 0 0 9,106
PAYCHEX INC COMMON STOCK 704326107 1,551 24,650 SH   SOLE 0 0 0 24,650
PEBBLEBROOK HOTEL TRUST COMMON STOCK 70509V100 69 6,355 SH   SOLE 0 0 0 6,355
PEOPLE'S UNITED FINANCIAL COMMON STOCK 712704105 995 90,000 SH   SOLE 0 0 0 90,000
PEPSICO INC COMMON STOCK 713448108 3,447 28,700 SH   SOLE 0 0 0 28,700
PFIZER INC COMMON STOCK 717081103 3,561 109,100 SH   SOLE 0 0 0 109,100
PHYSICIANS REALTY TRUST COMMON STOCK 71943U104 711 51,000 SH   SOLE 0 0 0 51,000
PINNACLE WEST CAPITAL COMMON STOCK 723484101 1,440 19,000 SH   SOLE 0 0 0 19,000
PPG INDUSTRIES INC COMMON STOCK 693506107 1,421 17,000 SH   SOLE 0 0 0 17,000
PPL CORP COMMON STOCK 69351T106 1,547 62,700 SH   SOLE 0 0 0 62,700
PREFERRED APARTMENT COMMUN-A COMMON STOCK 74039L103 445 62,000 SH   SOLE 0 0 0 62,000
PROLOGIS INC COMMON STOCK 74340W103 4,876 60,672 SH   SOLE 0 0 0 60,672
PUBLIC SERVICE ENTERPRISE GP COMMON STOCK 744573106 1,608 35,800 SH   SOLE 0 0 0 35,800
PUBLIC STORAGE COMMON STOCK 74460D109 2,247 11,313 SH   SOLE 0 0 0 11,313
QTS REALTY TRUST INC-CL A COMMON STOCK 74736A103 203 3,500 SH   SOLE 0 0 0 3,500
QUEST DIAGNOSTICS INC COMMON STOCK 74834L100 1,365 17,000 SH   SOLE 0 0 0 17,000
REGENCY CENTERS CORP COMMON STOCK 758849103 980 25,500 SH   SOLE 0 0 0 25,500
REINSURANCE GROUP OF AMERICA COMMON STOCK 759351604 841 10,000 SH   SOLE 0 0 0 10,000
RETAIL VALUE INC COMMON STOCK 76133Q102 1 102 SH   SOLE 0 0 0 102
RLJ LODGING TRUST COMMON STOCK 74965L101 222 28,800 SH   SOLE 0 0 0 28,800
ROBERT HALF INTL INC COMMON STOCK 770323103 1,166 30,900 SH   SOLE 0 0 0 30,900
ROSS STORES INC COMMON STOCK 778296103 1,722 19,800 SH   SOLE 0 0 0 19,800
SandP GLOBAL INC COMMON STOCK 78409V104 2,181 8,900 SH   SOLE 0 0 0 8,900
SABRA HEALTH CARE REIT INC COMMON STOCK 78573L106 676 61,874 SH   SOLE 0 0 0 61,874
SEI INVESTMENTS COMPANY COMMON STOCK 784117103 1,390 30,000 SH   SOLE 0 0 0 30,000
SERVICE PROPERTIES TRUST COMMON STOCK 44106M102 109 20,266 SH   SOLE 0 0 0 20,266
SHERWIN-WILLIAMS CO/THE COMMON STOCK 824348106 1,769 3,850 SH   SOLE 0 0 0 3,850
SIMON PROPERTY GROUP INC COMMON STOCK 828806109 1,070 19,500 SH   SOLE 0 0 0 19,500
SIMON PROPERTY GROUP INC COMMON STOCK 828806109 1,427 26,006 SH   SOLE 0 0 0 26,006
SL GREEN REALTY CORP COMMON STOCK 78440X101 931 21,600 SH   SOLE 0 0 0 21,600
SL GREEN REALTY CORP COMMON STOCK 78440X101 399 9,257 SH   SOLE 0 0 0 9,257
SNAP-ON INC COMMON STOCK 833034101 979 9,000 SH   SOLE 0 0 0 9,000
SPIRIT REALTY CAPITAL INC COMMON STOCK 84860W300 769 29,400 SH   SOLE 0 0 0 29,400
STAG INDUSTRIAL INC COMMON STOCK 85254J102 747 33,163 SH   SOLE 0 0 0 33,163
STARBUCKS CORP COMMON STOCK 855244109 2,202 33,500 SH   SOLE 0 0 0 33,500
STORE CAPITAL CORP COMMON STOCK 862121100 761 42,000 SH   SOLE 0 0 0 42,000
STRYKER CORP COMMON STOCK 863667101 1,998 12,000 SH   SOLE 0 0 0 12,000
SUMMIT HOTEL PROPERTIES INC COMMON STOCK 866082100 79 18,700 SH   SOLE 0 0 0 18,700
SYSCO CORP COMMON STOCK 871829107 1,355 29,700 SH   SOLE 0 0 0 29,700
TANGER FACTORY OUTLET CENTER COMMON STOCK 875465106 143 28,500 SH   SOLE 0 0 0 28,500
TARGET CORP COMMON STOCK 87612E106 1,859 20,000 SH   SOLE 0 0 0 20,000
TEXAS INSTRUMENTS INC COMMON STOCK 882508104 2,388 23,900 SH   SOLE 0 0 0 23,900
TJX COMPANIES INC COMMON STOCK 872540109 2,008 42,000 SH   SOLE 0 0 0 42,000
TRACTOR SUPPLY COMPANY COMMON STOCK 892356106 1,480 17,500 SH   SOLE 0 0 0 17,500
TRAVELERS COS INC/THE COMMON STOCK 89417E109 1,381 13,900 SH   SOLE 0 0 0 13,900
UDR INC COMMON STOCK 902653104 987 27,019 SH   SOLE 0 0 0 27,019
UMH PROPERTIES INC COMMON STOCK 903002103 272 25,000 SH   SOLE 0 0 0 25,000
UNITEDHEALTH GROUP INC COMMON STOCK 91324P102 4,165 16,700 SH   SOLE 0 0 0 16,700
URSTADT BIDDLE - CLASS A COMMON STOCK 917286205 240 17,000 SH   SOLE 0 0 0 17,000
US BANCORP COMMON STOCK 902973304 1,461 42,400 SH   SOLE 0 0 0 42,400
VENTAS INC COMMON STOCK 92276F100 1,051 39,200 SH   SOLE 0 0 0 39,200
VENTAS INC COMMON STOCK 92276F100 1,264 47,162 SH   SOLE 0 0 0 47,162
VEREIT INC COMMON STOCK 92339V100 880 180,000 SH   SOLE 0 0 0 180,000
VEREIT INC COMMON STOCK 92339V100 1,042 213,000 SH   SOLE 0 0 0 213,000
VERIZON COMMUNICATIONS INC COMMON STOCK 92343V104 4,003 74,500 SH   SOLE 0 0 0 74,500
VISA INC-CLASS A SHARES COMMON STOCK 92826C839 4,576 28,400 SH   SOLE 0 0 0 28,400
VORNADO REALTY TRUST COMMON STOCK 929042109 407 11,237 SH   SOLE 0 0 0 11,237
VORNADO REALTY TRUST COMMON STOCK 929042109 1,075 29,700 SH   SOLE 0 0 0 29,700
WASHINGTON REIT COMMON STOCK 939653101 334 14,000 SH   SOLE 0 0 0 14,000
WASTE MANAGEMENT INC COMMON STOCK 94106L109 1,786 19,300 SH   SOLE 0 0 0 19,300
WELLTOWER INC COMMON STOCK 95040Q104 1,893 41,347 SH   SOLE 0 0 0 41,347
WESTERN UNION CO COMMON STOCK 959802109 1,282 70,700 SH   SOLE 0 0 0 70,700
WP CAREY INC COMMON STOCK 92936U109 738 12,700 SH   SOLE 0 0 0 12,700
WW GRAINGER INC COMMON STOCK 384802104 1,441 5,800 SH   SOLE 0 0 0 5,800
YUM! BRANDS INC COMMON STOCK 988498101 1,220 17,800 SH   SOLE 0 0 0 17,800
ZOETIS INC COMMON STOCK 98978V103 2,177 18,500 SH   SOLE 0 0 0 18,500