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
Interxion Holding N.V. SHS N47279109 15,019 225,072 SH   SOLE   225,072 0 0
Apartment Investment and Management Company Class A CL A 03748R754 8,518 169,382 SH   SOLE   169,382 0 0
Acadia Realty Trust COM SH BEN INT 004239109 10,660 390,920 SH   SOLE   390,920 0 0
American Homes 4 Rent Class A CL A 02665T306 24,548 1,080,436 SH   SOLE   1,080,436 0 0
Brixmor Property Group, Inc. COM 11120U105 19,577 1,065,695 SH   SOLE   1,065,695 0 0
Chatham Lodging Trust COM 16208T102 2,836 147,385 SH   SOLE   147,385 0 0
Colony Capital, Inc. Class A CL A COM 19626G108 48,962 9,203,355 SH   SOLE   9,203,355 0 0
Americold Realty Trust COM 03064D108 31,005 1,016,229 SH   SOLE   1,016,229 0 0
CyrusOne, Inc. COM 23283R100 40,113 764,929 SH   SOLE   764,929 0 0
CoreSite Realty Corporation COM 21870Q105 15,973 149,250 SH   SOLE   149,250 0 0
CatchMark Timber Trust, Inc. Class A CL A 14912Y202 21,026 2,141,164 SH   SOLE   2,141,164 0 0
Cushman & Wakefield Plc SHS G2717B108 35,890 2,016,299 SH   SOLE   2,016,299 0 0
CoreCivic, Inc. COM 21871N101 15,803 812,511 SH   SOLE   812,511 0 0
Physicians Realty Trust COM 71943U104 10,410 553,448 SH   SOLE   553,448 0 0
Ellington Financial Inc. COM 28852N109 14,283 797,908 SH   SOLE   797,908 0 0
Equinix, Inc. COM 29444U700 18,198 40,159 SH   SOLE   40,159 0 0
GEO Group Inc COM 36162J106 15,940 830,193 SH   SOLE   830,193 0 0
Hilton Grand Vacations, Inc. COM 43283X105 18,283 592,628 SH   SOLE   592,628 0 0
Jernigan Capital, Inc. COM 476405105 9,361 444,895 SH   SOLE   444,895 0 0
Kennedy-Wilson Holdings, Inc. COM 489398107 23,877 1,116,277 SH   SOLE   1,116,277 0 0
National Storage Affiliates Trust COM SHS BEN IN 637870106 10,878 381,534 SH   SOLE   381,534 0 0
Corporate Office Properties Trust SH BEN INT 22002T108 15,031 550,579 SH   SOLE   550,579 0 0
Prologis, Inc. COM SHS BEN IN 74340W103 6,209 86,296 SH   SOLE   86,296 0 0
QTS Realty Trust, Inc. Class A COM CL A 74736A103 9,870 219,389 SH   SOLE   219,389 0 0
New Senior Investment Group Inc COM 648691103 3,849 706,167 SH   SOLE   706,167 0 0
Wyndham Destinations, Inc. COM 98310W108 34,427 850,264 SH   SOLE   850,264 0 0