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 2,789 15,900 SH   SOLE 0 0 0 15,900
ABBVIE INC COMMON STOCK 00287Y109 3,829 35,500 SH   SOLE 0 0 0 35,500
AGILENT TECHNOLOGIES INC COMMON STOCK 00846U101 2,363 15,000 SH   SOLE 0 0 0 15,000
AGNC INVESTMENT CORP COMMON STOCK 00123Q104 1,766 112,000 SH   SOLE 0 0 0 112,000
ALEXANDRIA REAL ESTATE EQUIT COMMON STOCK 015271109 2,016 10,550 SH   SOLE 0 0 0 10,550
ALLSTATE CORP COMMON STOCK 020002101 2,368 18,600 SH   SOLE 0 0 0 18,600
ALPHABET INC-CL A COMMON STOCK 02079K305 9,892 3,700 SH   SOLE 0 0 0 3,700
ALPHABET INC-CL C COMMON STOCK 02079K107 7,996 3,000 SH   SOLE 0 0 0 3,000
ALTRIA GROUP INC COMMON STOCK 02209S103 2,731 60,000 SH   SOLE 0 0 0 60,000
AMERICAN CAMPUS COMMUNITIES COMMON STOCK 024835100 693 14,300 SH   SOLE 0 0 0 14,300
AMERICAN HOMES 4 RENT- A COMMON STOCK 02665T306 1,353 35,500 SH   SOLE 0 0 0 35,500
AMERIPRISE FINANCIAL INC COMMON STOCK 03076C106 2,668 10,100 SH   SOLE 0 0 0 10,100
AMGEN INC COMMON STOCK 031162100 2,998 14,100 SH   SOLE 0 0 0 14,100
ANALOG DEVICES INC COMMON STOCK 032654105 2,110 12,600 SH   SOLE 0 0 0 12,600
ANTHEM INC COMMON STOCK 036752103 2,889 7,750 SH   SOLE 0 0 0 7,750
APARTMENT INCOME REIT CO-W/I COMMON STOCK 03750L109 1,057 21,657 SH   SOLE 0 0 0 21,657
APARTMENT INVT and MGMT CO -A COMMON STOCK 03748R747 189 27,557 SH   SOLE 0 0 0 27,557
APPLE HOSPITALITY REIT INC COMMON STOCK 03784Y200 204 13,000 SH   SOLE 0 0 0 13,000
APPLE INC COMMON STOCK 037833100 18,718 132,280 SH   SOLE 0 0 0 132,280
APPLIED MATERIALS INC COMMON STOCK 038222105 3,476 27,000 SH   SOLE 0 0 0 27,000
ARMADA HOFFLER PROPERTIES IN COMMON STOCK 04208T108 175 13,101 SH   SOLE 0 0 0 13,101
ATandT INC COMMON STOCK 00206R102 3,727 138,000 SH   SOLE 0 0 0 138,000
ATMOS ENERGY CORP COMMON STOCK 049560105 1,896 21,500 SH   SOLE 0 0 0 21,500
AUTOMATIC DATA PROCESSING COMMON STOCK 053015103 2,999 15,000 SH   SOLE 0 0 0 15,000
AUTOZONE INC COMMON STOCK 053332102 2,971 1,750 SH   SOLE 0 0 0 1,750
AVALONBAY COMMUNITIES INC COMMON STOCK 053484101 2,948 13,302 SH   SOLE 0 0 0 13,302
AVERY DENNISON CORP COMMON STOCK 053611109 2,569 12,400 SH   SOLE 0 0 0 12,400
BAXTER INTERNATIONAL INC COMMON STOCK 071813109 2,172 27,000 SH   SOLE 0 0 0 27,000
BECTON DICKINSON AND CO COMMON STOCK 075887109 2,581 10,500 SH   SOLE 0 0 0 10,500
BERKSHIRE HATHAWAY INC-CL B COMMON STOCK 084670702 6,005 22,000 SH   SOLE 0 0 0 22,000
BEST BUY CO INC COMMON STOCK 086516101 1,934 18,300 SH   SOLE 0 0 0 18,300
BLACKROCK INC COMMON STOCK 09247X101 3,355 4,000 SH   SOLE 0 0 0 4,000
BLACKSTONE GROUP INC/THE-A COMMON STOCK 09260D107 2,909 25,000 SH   SOLE 0 0 0 25,000
BOOZ ALLEN HAMILTON HOLDINGS COMMON STOCK 099502106 1,865 23,500 SH   SOLE 0 0 0 23,500
BOSTON PROPERTIES INC COMMON STOCK 101121101 738 6,814 SH   SOLE 0 0 0 6,814
BRANDYWINE REALTY TRUST COMMON STOCK 105368203 960 71,500 SH   SOLE 0 0 0 71,500
BRISTOL-MYERS SQUIBB CO COMMON STOCK 110122108 3,077 52,000 SH   SOLE 0 0 0 52,000
BRISTOL-MYERS SQUIBB-CVR COMMON STOCK 110122157 0 23,000 SH   SOLE 0 0 0 23,000
BRIXMOR PROPERTY GROUP INC COMMON STOCK 11120U105 1,453 65,711 SH   SOLE 0 0 0 65,711
CAMDEN PROPERTY TRUST COMMON STOCK 133131102 1,435 9,731 SH   SOLE 0 0 0 9,731
CAMPBELL SOUP CO COMMON STOCK 134429109 1,798 43,000 SH   SOLE 0 0 0 43,000
CDW CORP/DE COMMON STOCK 12514G108 2,680 14,725 SH   SOLE 0 0 0 14,725
CENTERSPACE COMMON STOCK 15202L107 758 8,019 SH   SOLE 0 0 0 8,019
CERNER CORP COMMON STOCK 156782104 1,975 28,000 SH   SOLE 0 0 0 28,000
CHATHAM LODGING TRUST COMMON STOCK 16208T102 110 9,000 SH   SOLE 0 0 0 9,000
CISCO SYSTEMS INC COMMON STOCK 17275R102 4,490 82,500 SH   SOLE 0 0 0 82,500
CITRIX SYSTEMS INC COMMON STOCK 177376100 1,933 18,000 SH   SOLE 0 0 0 18,000
COGNIZANT TECH SOLUTIONS-A COMMON STOCK 192446102 2,449 33,000 SH   SOLE 0 0 0 33,000
COLGATE-PALMOLIVE CO COMMON STOCK 194162103 2,381 31,500 SH   SOLE 0 0 0 31,500
COLUMBIA PROPERTY TRUST INC COMMON STOCK 198287203 571 30,000 SH   SOLE 0 0 0 30,000
CONSOLIDATED EDISON INC COMMON STOCK 209115104 2,033 28,000 SH   SOLE 0 0 0 28,000
CORESITE REALTY CORP COMMON STOCK 21870Q105 1,067 7,700 SH   SOLE 0 0 0 7,700
CORPORATE OFFICE PROPERTIES COMMON STOCK 22002T108 661 24,500 SH   SOLE 0 0 0 24,500
COUSINS PROPERTIES INC COMMON STOCK 222795502 1,451 38,900 SH   SOLE 0 0 0 38,900
CUBESMART COMMON STOCK 229663109 1,647 34,000 SH   SOLE 0 0 0 34,000
CUMMINS INC COMMON STOCK 231021106 2,021 9,000 SH   SOLE 0 0 0 9,000
CYRUSONE INC COMMON STOCK 23283R100 1,811 23,400 SH   SOLE 0 0 0 23,400
DIGITAL REALTY TRUST INC COMMON STOCK 253868103 3,315 22,947 SH   SOLE 0 0 0 22,947
DOLLAR GENERAL CORP COMMON STOCK 256677105 2,482 11,700 SH   SOLE 0 0 0 11,700
DOMINION ENERGY INC COMMON STOCK 25746U109 2,410 33,000 SH   SOLE 0 0 0 33,000
DOUGLAS EMMETT INC COMMON STOCK 25960P109 284 9,000 SH   SOLE 0 0 0 9,000
DUKE REALTY CORP COMMON STOCK 264411505 1,278 26,707 SH   SOLE 0 0 0 26,707
DigitalBridge Group Inc COMMON STOCK 25401T108 357 59,286 SH   SOLE 0 0 0 59,286
Diversified Healthcare Trust COMMON STOCK 25525P107 485 143,100 SH   SOLE 0 0 0 143,100
EASTGROUP PROPERTIES INC COMMON STOCK 277276101 70 422 SH   SOLE 0 0 0 422
EBAY INC COMMON STOCK 278642103 2,996 43,000 SH   SOLE 0 0 0 43,000
ELECTRONIC ARTS INC COMMON STOCK 285512109 2,276 16,000 SH   SOLE 0 0 0 16,000
EMPIRE STATE REALTY TRUST-A COMMON STOCK 292104106 291 29,000 SH   SOLE 0 0 0 29,000
EPR PROPERTIES COMMON STOCK 26884U109 311 6,300 SH   SOLE 0 0 0 6,300
EQUINIX INC COMMON STOCK 29444U700 3,311 4,190 SH   SOLE 0 0 0 4,190
EQUITY RESIDENTIAL COMMON STOCK 29476L107 2,618 32,353 SH   SOLE 0 0 0 32,353
ESSENTIAL PROPERTIES REALTY COMMON STOCK 29670E107 419 15,000 SH   SOLE 0 0 0 15,000
ESSEX PROPERTY TRUST INC COMMON STOCK 297178105 2,174 6,800 SH   SOLE 0 0 0 6,800
ESTEE LAUDER COMPANIES-CL A COMMON STOCK 518439104 2,339 7,800 SH   SOLE 0 0 0 7,800
EVERSOURCE ENERGY COMMON STOCK 30040W108 2,003 24,500 SH   SOLE 0 0 0 24,500
EXELON CORP COMMON STOCK 30161N101 2,490 51,500 SH   SOLE 0 0 0 51,500
EXPEDITORS INTL WASH INC COMMON STOCK 302130109 2,478 20,800 SH   SOLE 0 0 0 20,800
F5 NETWORKS INC COMMON STOCK 315616102 1,948 9,800 SH   SOLE 0 0 0 9,800
FACEBOOK INC-A COMMON STOCK 30303M102 10,351 30,500 SH   SOLE 0 0 0 30,500
FOUR CORNERS PROPERTY TRUST COMMON STOCK 35086T109 940 35,000 SH   SOLE 0 0 0 35,000
GAMING AND LEISURE PROPERTIE COMMON STOCK 36467J108 1,597 34,471 SH   SOLE 0 0 0 34,471
GENERAL MILLS INC COMMON STOCK 370334104 2,213 37,000 SH   SOLE 0 0 0 37,000
GLOBAL MEDICAL REIT INC COMMON STOCK 37954A204 532 36,200 SH   SOLE 0 0 0 36,200
GLOBAL NET LEASE INC COMMON STOCK 379378201 1,225 76,492 SH   SOLE 0 0 0 76,492
HCP INC COMMON STOCK 42250P103 2,026 60,507 SH   SOLE 0 0 0 60,507
HEALTHCARE REALTY TRUST INC COMMON STOCK 421946104 702 23,582 SH   SOLE 0 0 0 23,582
HEALTHCARE TRUST OF AME-CL A COMMON STOCK 42225P501 1,542 52,000 SH   SOLE 0 0 0 52,000
HERSHA HOSPITALITY TRUST COMMON STOCK 427825500 75 8,000 SH   SOLE 0 0 0 8,000
HERSHEY CO/THE COMMON STOCK 427866108 2,268 13,400 SH   SOLE 0 0 0 13,400
HIGHWOODS PROPERTIES INC COMMON STOCK 431284108 829 18,898 SH   SOLE 0 0 0 18,898
HOME DEPOT INC COMMON STOCK 437076102 5,712 17,400 SH   SOLE 0 0 0 17,400
HOST HOTELS and RESORTS INC COMMON STOCK 44107P104 1,263 77,343 SH   SOLE 0 0 0 77,343
HUDSON PACIFIC PROPERTIES IN COMMON STOCK 444097109 788 30,000 SH   SOLE 0 0 0 30,000
HUMANA INC COMMON STOCK 444859102 2,335 6,000 SH   SOLE 0 0 0 6,000
IDEXX LABORATORIES INC COMMON STOCK 45168D104 2,612 4,200 SH   SOLE 0 0 0 4,200
ILLINOIS TOOL WORKS COMMON STOCK 452308109 2,500 12,100 SH   SOLE 0 0 0 12,100
INDEPENDENCE REALTY TRUST IN COMMON STOCK 45378A106 936 46,000 SH   SOLE 0 0 0 46,000
INDUSTRIAL LOGISTICS PROPERT COMMON STOCK 456237106 1,717 67,572 SH   SOLE 0 0 0 67,572
INNOVATIVE INDUSTRIAL PROPER COMMON STOCK 45781V101 394 1,704 SH   SOLE 0 0 0 1,704
INTERCONTINENTAL EXCHANGE IN COMMON STOCK 45866F104 2,446 21,300 SH   SOLE 0 0 0 21,300
INTUIT INC COMMON STOCK 461202103 3,709 6,875 SH   SOLE 0 0 0 6,875
INVITATION HOMES INC COMMON STOCK 46187W107 2,513 65,565 SH   SOLE 0 0 0 65,565
IRON MOUNTAIN INC COMMON STOCK 46284V101 1,912 44,000 SH   SOLE 0 0 0 44,000
JM SMUCKER CO/THE COMMON STOCK 832696405 1,920 16,000 SH   SOLE 0 0 0 16,000
JOHNSON and JOHNSON COMMON STOCK 478160104 6,137 38,000 SH   SOLE 0 0 0 38,000
KELLOGG CO COMMON STOCK 487836108 1,982 31,000 SH   SOLE 0 0 0 31,000
KENNEDY-WILSON HOLDINGS INC COMMON STOCK 489398107 283 13,509 SH   SOLE 0 0 0 13,509
KILROY REALTY CORP COMMON STOCK 49427F108 430 6,500 SH   SOLE 0 0 0 6,500
KIMBERLY-CLARK CORP COMMON STOCK 494368103 2,199 16,600 SH   SOLE 0 0 0 16,600
KIMCO REALTY CORP COMMON STOCK 49446R109 214 10,295 SH   SOLE 0 0 0 10,295
KITE REALTY GROUP TRUST COMMON STOCK 49803T300 426 20,900 SH   SOLE 0 0 0 20,900
KLA-TENCOR CORP COMMON STOCK 482480100 2,442 7,300 SH   SOLE 0 0 0 7,300
Keurig Dr Pepper Inc COMMON STOCK 49271V100 2,050 60,000 SH   SOLE 0 0 0 60,000
LAM RESEARCH CORP COMMON STOCK 512807108 3,130 5,500 SH   SOLE 0 0 0 5,500
LENNOX INTERNATIONAL INC COMMON STOCK 526107107 1,942 6,600 SH   SOLE 0 0 0 6,600
LEXINGTON REALTY TRUST COMMON STOCK 529043101 1,275 100,000 SH   SOLE 0 0 0 100,000
LOWE'S COS INC COMMON STOCK 548661107 3,814 18,800 SH   SOLE 0 0 0 18,800
Life Storage Inc COMMON STOCK 53223X107 1,675 14,600 SH   SOLE 0 0 0 14,600
MACERICH CO/THE COMMON STOCK 554382101 145 8,692 SH   SOLE 0 0 0 8,692
MACK-CALI REALTY CORP COMMON STOCK 554489104 103 6,000 SH   SOLE 0 0 0 6,000
MANPOWERGROUP INC COMMON STOCK 56418H100 1,841 17,000 SH   SOLE 0 0 0 17,000
MARSH and MCLENNAN COS COMMON STOCK 571748102 3,135 20,700 SH   SOLE 0 0 0 20,700
MASCO CORP COMMON STOCK 574599106 1,900 34,200 SH   SOLE 0 0 0 34,200
MCDONALD'S CORP COMMON STOCK 580135101 3,785 15,700 SH   SOLE 0 0 0 15,700
MCKESSON CORP COMMON STOCK 58155Q103 2,293 11,500 SH   SOLE 0 0 0 11,500
MEDICAL PROPERTIES TRUST INC COMMON STOCK 58463J304 1,967 98,000 SH   SOLE 0 0 0 98,000
MERCK and CO. INC. COMMON STOCK 58933Y105 3,793 50,500 SH   SOLE 0 0 0 50,500
METTLER-TOLEDO INTERNATIONAL COMMON STOCK 592688105 2,066 1,500 SH   SOLE 0 0 0 1,500
MICROSOFT CORP COMMON STOCK 594918104 15,475 54,890 SH   SOLE 0 0 0 54,890
MID-AMERICA APARTMENT COMM COMMON STOCK 59522J103 2,045 10,950 SH   SOLE 0 0 0 10,950
MONDELEZ INTERNATIONAL INC-A COMMON STOCK 609207105 2,676 46,000 SH   SOLE 0 0 0 46,000
MONMOUTH REAL ESTATE INV COR COMMON STOCK 609720107 466 25,000 SH   SOLE 0 0 0 25,000
MONSTER BEVERAGE CORP COMMON STOCK 61174X109 2,150 24,200 SH   SOLE 0 0 0 24,200
MOODY'S CORP COMMON STOCK 615369105 2,663 7,500 SH   SOLE 0 0 0 7,500
MOTOROLA SOLUTIONS INC COMMON STOCK 620076307 2,788 12,000 SH   SOLE 0 0 0 12,000
NATL HEALTH INVESTORS INC COMMON STOCK 63633D104 1,049 19,600 SH   SOLE 0 0 0 19,600
NEW SENIOR INVESTMENT GROUP COMMON STOCK 648691103 0 0 SH   SOLE 0 0 0 0
NEW YORK REIT INC liquidation shs COMMON STOCK 64976L208 0 2,200 SH   SOLE 0 0 0 2,200
NORDSON CORP COMMON STOCK 655663102 2,072 8,700 SH   SOLE 0 0 0 8,700
O'REILLY AUTOMOTIVE INC COMMON STOCK 67103H107 2,933 4,800 SH   SOLE 0 0 0 4,800
OFFICE PROPERTIES INCOME TRUST COMMON STOCK 67623C109 322 12,714 SH   SOLE 0 0 0 12,714
OLD DOMINION FREIGHT LINE COMMON STOCK 679580100 2,288 8,000 SH   SOLE 0 0 0 8,000
OMEGA HEALTHCARE INVESTORS COMMON STOCK 681936100 1,489 49,700 SH   SOLE 0 0 0 49,700
PARK HOTELS and RESORTS INC COMMON STOCK 700517105 174 9,106 SH   SOLE 0 0 0 9,106
PAYCHEX INC COMMON STOCK 704326107 2,210 19,650 SH   SOLE 0 0 0 19,650
PEBBLEBROOK HOTEL TRUST COMMON STOCK 70509V100 142 6,355 SH   SOLE 0 0 0 6,355
PEPSICO INC COMMON STOCK 713448108 4,016 26,700 SH   SOLE 0 0 0 26,700
PFIZER INC COMMON STOCK 717081103 4,649 108,100 SH   SOLE 0 0 0 108,100
PHILIP MORRIS INTERNATIONAL COMMON STOCK 718172109 3,602 38,000 SH   SOLE 0 0 0 38,000
PHYSICIANS REALTY TRUST COMMON STOCK 71943U104 899 51,000 SH   SOLE 0 0 0 51,000
PINNACLE WEST CAPITAL COMMON STOCK 723484101 1,845 25,500 SH   SOLE 0 0 0 25,500
PLYMOUTH INDUSTRIAL REIT INC COMMON STOCK 729640102 1,172 51,527 SH   SOLE 0 0 0 51,527
POWER REIT COMMON STOCK 73933H101 30 610 SH   SOLE 0 0 0 610
PPG INDUSTRIES INC COMMON STOCK 693506107 2,145 15,000 SH   SOLE 0 0 0 15,000
PPL CORP COMMON STOCK 69351T106 1,999 71,700 SH   SOLE 0 0 0 71,700
PREFERRED APARTMENT COMMUN-A COMMON STOCK 74039L103 636 52,000 SH   SOLE 0 0 0 52,000
PROCTER and GAMBLE CO/THE COMMON STOCK 742718109 5,452 39,000 SH   SOLE 0 0 0 39,000
PROLOGIS INC COMMON STOCK 74340W103 7,610 60,672 SH   SOLE 0 0 0 60,672
PUBLIC SERVICE ENTERPRISE GP COMMON STOCK 744573106 2,119 34,800 SH   SOLE 0 0 0 34,800
PUBLIC STORAGE COMMON STOCK 74460D109 3,361 11,313 SH   SOLE 0 0 0 11,313
QUALCOMM INC COMMON STOCK 747525103 3,225 25,000 SH   SOLE 0 0 0 25,000
REALTY INCOME CORP COMMON STOCK 756109104 1,946 30,000 SH   SOLE 0 0 0 30,000
REALTY INCOME CORP COMMON STOCK 756109104 525 8,100 SH   SOLE 0 0 0 8,100
REGENERON PHARMACEUTICALS COMMON STOCK 75886F107 2,542 4,200 SH   SOLE 0 0 0 4,200
RETAIL VALUE INC COMMON STOCK 76133Q102 3 108 SH   SOLE 0 0 0 108
RLJ LODGING TRUST COMMON STOCK 74965L101 428 28,800 SH   SOLE 0 0 0 28,800
ROBERT HALF INTL INC COMMON STOCK 770323103 2,799 27,900 SH   SOLE 0 0 0 27,900
RPM INTERNATIONAL INC COMMON STOCK 749685103 1,864 24,000 SH   SOLE 0 0 0 24,000
SandP GLOBAL INC COMMON STOCK 78409V104 3,357 7,900 SH   SOLE 0 0 0 7,900
SABRA HEALTH CARE REIT INC COMMON STOCK 78573L106 984 66,874 SH   SOLE 0 0 0 66,874
SEALED AIR CORP COMMON STOCK 81211K100 1,808 33,000 SH   SOLE 0 0 0 33,000
SEI INVESTMENTS COMPANY COMMON STOCK 784117103 1,898 32,000 SH   SOLE 0 0 0 32,000
SERVICE PROPERTIES TRUST COMMON STOCK 44106M102 227 20,266 SH   SOLE 0 0 0 20,266
SHERWIN-WILLIAMS CO/THE COMMON STOCK 824348106 2,811 10,050 SH   SOLE 0 0 0 10,050
SIMON PROPERTY GROUP INC COMMON STOCK 828806109 3,549 27,306 SH   SOLE 0 0 0 27,306
SKYWORKS SOLUTIONS INC COMMON STOCK 83088M102 1,977 12,000 SH   SOLE 0 0 0 12,000
SL GREEN REALTY CORP COMMON STOCK 78440X804 702 9,913 SH   SOLE 0 0 0 9,913
SMITH (A.O.) CORP COMMON STOCK 831865209 2,015 33,000 SH   SOLE 0 0 0 33,000
SPIRIT REALTY CAPITAL INC COMMON STOCK 84860W300 1,538 33,400 SH   SOLE 0 0 0 33,400
STAG INDUSTRIAL INC COMMON STOCK 85254J102 1,710 43,563 SH   SOLE 0 0 0 43,563
STORE CAPITAL CORP COMMON STOCK 862121100 1,073 33,500 SH   SOLE 0 0 0 33,500
SUMMIT HOTEL PROPERTIES INC COMMON STOCK 866082100 180 18,700 SH   SOLE 0 0 0 18,700
T ROWE PRICE GROUP INC COMMON STOCK 74144T108 2,655 13,500 SH   SOLE 0 0 0 13,500
TANGER FACTORY OUTLET CENTER COMMON STOCK 875465106 302 18,500 SH   SOLE 0 0 0 18,500
TARGET CORP COMMON STOCK 87612E106 3,294 14,400 SH   SOLE 0 0 0 14,400
TEXAS INSTRUMENTS INC COMMON STOCK 882508104 3,729 19,400 SH   SOLE 0 0 0 19,400
TRACTOR SUPPLY COMPANY COMMON STOCK 892356106 2,735 13,500 SH   SOLE 0 0 0 13,500
UDR INC COMMON STOCK 902653104 1,583 29,888 SH   SOLE 0 0 0 29,888
UMH PROPERTIES INC COMMON STOCK 903002103 677 29,564 SH   SOLE 0 0 0 29,564
UNION PACIFIC CORP COMMON STOCK 907818108 2,940 15,000 SH   SOLE 0 0 0 15,000
UNITED PARCEL SERVICE-CL B COMMON STOCK 911312106 3,096 17,000 SH   SOLE 0 0 0 17,000
UNITEDHEALTH GROUP INC COMMON STOCK 91324P102 5,588 14,300 SH   SOLE 0 0 0 14,300
URSTADT BIDDLE - CLASS A COMMON STOCK 917286205 322 17,000 SH   SOLE 0 0 0 17,000
VENTAS INC COMMON STOCK 92276F100 2,579 46,705 SH   SOLE 0 0 0 46,705
VEREIT INC COMMON STOCK 92339V308 1,992 44,048 SH   SOLE 0 0 0 44,048
VERIZON COMMUNICATIONS INC COMMON STOCK 92343V104 3,970 73,500 SH   SOLE 0 0 0 73,500
VICI PROPERTIES INC COMMON STOCK 925652109 1,122 39,500 SH   SOLE 0 0 0 39,500
VISA INC-CLASS A SHARES COMMON STOCK 92826C839 5,881 26,400 SH   SOLE 0 0 0 26,400
VORNADO REALTY TRUST COMMON STOCK 929042109 472 11,237 SH   SOLE 0 0 0 11,237
WALMART INC COMMON STOCK 931142103 4,042 29,000 SH   SOLE 0 0 0 29,000
WASHINGTON REIT COMMON STOCK 939653101 347 14,000 SH   SOLE 0 0 0 14,000
WASTE MANAGEMENT INC COMMON STOCK 94106L109 2,957 19,800 SH   SOLE 0 0 0 19,800
WATERS CORP COMMON STOCK 941848103 2,180 6,100 SH   SOLE 0 0 0 6,100
WELLTOWER INC COMMON STOCK 95040Q104 2,741 33,259 SH   SOLE 0 0 0 33,259
WESTERN UNION CO COMMON STOCK 959802109 1,531 75,700 SH   SOLE 0 0 0 75,700
WP CAREY INC COMMON STOCK 92936U109 1,826 25,000 SH   SOLE 0 0 0 25,000
WP CAREY INC COMMON STOCK 92936U109 1,877 25,704 SH   SOLE 0 0 0 25,704
WW GRAINGER INC COMMON STOCK 384802104 2,044 5,200 SH   SOLE 0 0 0 5,200
YUM! BRANDS INC COMMON STOCK 988498101 2,422 19,800 SH   SOLE 0 0 0 19,800
ZOETIS INC COMMON STOCK 98978V103 2,718 14,000 SH   SOLE 0 0 0 14,000