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
AMERICAN CAMPUS CMNTYS INC COM 024835100 12,299 298,800 SH   SOLE   12,299 0 0
AMERICAN TOWER CORP NEW COM 03027X100 13,520 93,050 SH   SOLE   13,520 0 0
APOLLO COML REAL EST FIN INC COM 03762U105 5,673 300,649 SH   SOLE   5,673 0 0
AVALONBAY CMNTYS INC COM 053484101 22,468 124,029 SH   SOLE   22,468 0 0
BANK MONTREAL QUE COM 063671101 9,391 113,778 SH   SOLE   9,391 0 0
BANK N S HALIFAX COM 064149107 7,484 125,477 SH   SOLE   7,484 0 0
BOSTON PROPERTIES INC COM 101121101 11,476 93,230 SH   SOLE   11,476 0 0
BRIXMOR PPTY GROUP INC COM 11120U105 13,411 765,910 SH   SOLE   13,411 0 0
CAMDEN PPTY TR SH BEN INT 133131102 6,453 68,964 SH   SOLE   6,453 0 0
CDN IMPERIAL BK COMM TORONTO COM 136069101 8,447 90,086 SH   SOLE   8,447 0 0
CHESAPEAKE LODGING TR SH BEN INT 165240102 2,901 90,445 SH   SOLE   2,901 0 0
COLONY CAP INC NEW CL A COM 19626G108 7,824 1,284,726 SH   SOLE   7,824 0 0
COLUMBIA PPTY TR INC COM NEW 198287203 9,902 418,851 SH   SOLE   9,902 0 0
EQUINIX INC COM PAR $0.001 29444U700 14,069 32,500 SH   SOLE   14,069 0 0
ESSEX PPTY TR INC COM 297178105 10,321 41,834 SH   SOLE   10,321 0 0
EXTRA SPACE STORAGE INC COM 30225T102 10,016 115,600 SH   SOLE   10,016 0 0
GRANITE PT MTG TR INC COM 38741L107 8,899 461,587 SH   SOLE   8,899 0 0
HCP INC COM 40414L109 21,398 813,010 SH   SOLE   21,398 0 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 8,454 317,000 SH   SOLE   8,454 0 0
HILTON WORLDWIDE HLDGS INC COM 43300A203 14,080 174,299 SH   SOLE   14,080 0 0
HUDSON PAC PPTYS INC COM 444097109 15,418 471,200 SH   SOLE   15,418 0 0
INVITATION HOMES INC COM 46187W107 14,798 645,912 SH   SOLE   14,798 0 0
KIMCO RLTY CORP COM 49446R109 4,644 277,407 SH   SOLE   4,644 0 0
KITE RLTY GROUP TR COM NEW 49803T300 5,384 323,361 SH   SOLE   5,384 0 0
MANULIFE FINL CORP COM 56501R106 3,906 218,333 SH   SOLE   3,906 0 0
MFA FINL INC COM 55272X102 5,549 755,018 SH   SOLE   5,549 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 4,631 157,046 SH   SOLE   4,631 0 0
PEBBLEBROOK HOTEL TR COM 70509V100 7,019 193,000 SH   SOLE   7,019 0 0
PROLOGIS INC COM 74340W103 12,958 191,149 SH   SOLE   12,958 0 0
QTS RLTY TR INC COM CL A 74736A103 1,537 36,015 SH   SOLE   1,537 0 0
REGENCY CTRS CORP COM 758849103 13,714 212,068 SH   SOLE   13,714 0 0
REXFORD INDL RLTY INC COM 76169C100 7,421 232,200 SH   SOLE   7,421 0 0
ROYAL BK CDA MONTREAL QUE COM 780087102 9,629 120,040 SH   SOLE   9,629 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 2,526 109,237 SH   SOLE   2,526 0 0
SIMON PPTY GROUP INC NEW COM 828806109 9,985 56,495 SH   SOLE   9,985 0 0
SL GREEN RLTY CORP COM 78440X101 10,550 108,170 SH   SOLE   10,550 0 0
STAG INDL INC COM 85254J102 3,550 129,076 SH   SOLE   3,550 0 0
STARWOOD PPTY TR INC COM 85571B105 9,462 439,689 SH   SOLE   9,462 0 0
SUN LIFE FINL INC COM 866796105 4,763 119,734 SH   SOLE   4,763 0 0
TORONTO DOMINION BK ONT COM NEW 891160509 17,190 282,699 SH   SOLE   17,190 0 0
TPG RE FIN TR INC COM 87266M107 8,543 426,723 SH   SOLE   8,543 0 0
VENTAS INC COM 92276F100 4,497 82,700 SH   SOLE   4,497 0 0
VEREIT INC COM 92339V100 4,784 658,900 SH   SOLE   4,784 0 0
VICI PPTYS INC COM 925652109 16,785 776,378 SH   SOLE   16,785 0 0