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
AGREE REALTY CORP COM 008492100 7,236 107,500 SH   SOLE   107,500 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 8,332 193,000 SH   SOLE   193,000 0 0
APPLE HOSPITALITY REIT INC COM NEW 03784Y200 801 55,000 SH   SOLE   55,000 0 0
BOSTON PROPERTIES INC COM 101121101 3,291 32,500 SH   SOLE   32,500 0 0
BRIXMOR PPTY GROUP INC COM 11120U105 7,081 350,000 SH   SOLE   350,000 0 0
CAMDEN PPTY TR SH BEN INT 133131102 6,814 62,000 SH   SOLE   62,000 0 0
CARETRUST REIT INC COM 14174T107 815 35,000 SH   SOLE   35,000 0 0
CUBESMART COM 229663109 3,405 90,000 SH   SOLE   90,000 0 0
CYRUSONE INC COM 23283R100 1,354 20,000 SH   SOLE   20,000 0 0
EASTGROUP PPTYS INC COM 277276101 7,164 50,000 SH   SOLE   50,000 0 0
EQUINIX INC COM 29444U700 4,757 7,000 SH   SOLE   7,000 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 1,612 22,500 SH   SOLE   22,500 0 0
ESSENTIAL PPTYS RLTY TR INC COM 29670E107 2,683 117,500 SH   SOLE   117,500 0 0
ESSEX PPTY TR INC COM 297178105 5,301 19,500 SH   SOLE   19,500 0 0
EXTENDED STAY AMER INC UNIT 99/99/9999B 30224P200 2,963 150,000 SH   SOLE   150,000 0 0
EXTRA SPACE STORAGE INC COM 30225T102 5,965 45,000 SH   SOLE   45,000 0 0
FIRST INDL RLTY TR INC COM 32054K103 1,603 35,000 SH   SOLE   35,000 0 0
HEALTHCARE RLTY TR COM 421946104 1,819 60,000 SH   SOLE   60,000 0 0
HEALTHPEAK PROPERTIES INC COM 42250P103 10,157 320,000 SH   SOLE   320,000 0 0
HIGHWOODS PPTYS INC COM 431284108 4,294 100,000 SH   SOLE   100,000 0 0
HOST HOTELS & RESORTS INC COM 44107P104 2,528 150,000 SH   SOLE   150,000 0 0
INDEPENDENCE RLTY TR INC COM 45378A106 5,548 365,000 SH   SOLE   365,000 0 0
INVITATION HOMES INC COM 46187W107 5,438 170,000 SH   SOLE   170,000 0 0
KILROY RLTY CORP COM 49427F108 5,250 80,000 SH   SOLE   80,000 0 0
KIMCO RLTY CORP COM 49446R109 1,406 75,000 SH   SOLE   75,000 0 0
NATIONAL RETAIL PROPERTIES I COM 637417106 3,526 80,000 SH   SOLE   80,000 0 0
PARAMOUNT GROUP INC COM 69924R108 8,762 865,000 SH   SOLE   865,000 0 0
PEBBLEBROOK HOTEL TR COM 70509V100 607 25,000 SH   SOLE   25,000 0 0
PROLOGIS INC. COM 74340W103 3,233 30,500 SH   SOLE   30,500 0 0
PUBLIC STORAGE COM 74460D109 2,344 9,500 SH   SOLE   9,500 0 0
REGENCY CTRS CORP COM 758849103 4,679 82,500 SH   SOLE   82,500 0 0
REXFORD INDL RLTY INC COM 76169C100 4,637 92,000 SH   SOLE   92,000 0 0
STAG INDL INC COM 85254J102 9,243 275,000 SH   SOLE   275,000 0 0
UDR INC COM 902653104 5,483 125,000 SH   SOLE   125,000 0 0
VEREIT INC COM 92339V308 10,814 280,000 SH   SOLE   280,000 0 0
VICI PPTYS INC COM 925652109 3,954 140,000 SH   SOLE   140,000 0 0
VORNADO RLTY TR SH BEN INT 929042109 9,214 203,000 SH   SOLE   203,000 0 0
WEINGARTEN RLTY INVS SH BEN INT 948741103 3,364 125,000 SH   SOLE   125,000 0 0
WYNDHAM HOTELS & RESORTS INC COM 98311A105 5,059 72,500 SH   SOLE   72,500 0 0