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
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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 39,316 469,104 SH   SOLE   469,104 0 0
Acadia Realty Trust COM SH BEN INT 004239109 20,228 780,119 SH   SOLE   780,119 0 0
American Tower Corporation COM 03027X100 56,641 246,460 SH   SOLE   246,460 0 0
Alexandria Real Estate Equities, Inc. COM 015271109 5,195 32,153 SH   SOLE   32,153 0 0
Chatham Lodging Trust COM 16208T102 1,613 87,937 SH   SOLE   87,937 0 0
Colony Capital, Inc. Class A CL A COM 19626G108 41,815 8,803,077 SH   SOLE   8,803,077 0 0
Americold Realty Trust COM 03064D108 46,323 1,321,261 SH   SOLE   1,321,261 0 0
CyrusOne, Inc. COM 23283R100 18,082 276,350 SH   SOLE   276,350 0 0
CatchMark Timber Trust, Inc. Class A CL A 14912Y202 22,765 1,984,705 SH   SOLE   1,984,705 0 0
CoreCivic, Inc. COM 21871N101 11,601 667,501 SH   SOLE   667,501 0 0
Physicians Realty Trust COM 71943U104 16,583 875,540 SH   SOLE   875,540 0 0
Ellington Financial Inc. COM 28852N109 22,701 1,238,448 SH   SOLE   1,238,448 0 0
Equity LifeStyle Properties, Inc. COM 29472R108 5,391 76,581 SH   SOLE   76,581 0 0
Equinix, Inc. COM 29444U700 21,609 37,021 SH   SOLE   37,021 0 0
GEO Group Inc COM 36162J106 20,680 1,245,057 SH   SOLE   1,245,057 0 0
Invitation Homes, Inc. COM 46187W107 47,595 1,588,090 SH   SOLE   1,588,090 0 0
Jernigan Capital, Inc. COM 476405105 24,247 1,266,799 SH   SOLE   1,266,799 0 0
Kennedy-Wilson Holdings, Inc. COM 489398107 20,795 932,493 SH   SOLE   932,493 0 0
Liberty Property Trust SH BEN INT 531172104 11,164 185,908 SH   SOLE   185,908 0 0
MGM Growth Properties LLC Class A CL A COM 55303A105 23,227 750,000 SH   SOLE   750,000 0 0
National Retail Properties, Inc. COM 637417106 21,895 408,345 SH   SOLE   408,345 0 0
Corporate Office Properties Trust SH BEN INT 22002T108 11,127 378,734 SH   SOLE   378,734 0 0
Healthpeak Properties, Inc. COM 42250P103 20,517 595,200 SH   SOLE   595,200 0 0
QTS Realty Trust, Inc. Class A COM CL A 74736A103 10,971 202,147 SH   SOLE   202,147 0 0
Prologis, Inc. COM 74340W103 9,716 109,000 SH   SOLE   109,000 0 0
New Senior Investment Group Inc COM 648691103 3,805 497,366 SH   SOLE   497,366 0 0
Welltower, Inc. COM 95040Q104 29,433 359,900 SH   SOLE   359,900 0 0