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

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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
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 20,143 153,320 SH   SOLE   153,320 0 0
AMERICAN TOWER CORP NEW COM 03027X100 6,715 30,420 SH   SOLE   30,420 0 0
AMERICOLD RLTY TR COM 03064D108 10,402 311,250 SH   SOLE   311,250 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 25,185 172,061 SH   SOLE   172,061 0 0
CUBESMART COM 229663109 4,874 192,878 SH   SOLE   192,878 0 0
DIGITAL RLTY TR INC COM 253868103 1,817 13,460 SH   SOLE   13,460 0 0
EQUINIX INC COM 29444U700 24,337 38,867 SH   SOLE   38,867 0 0
ESSEX PPTY TR INC COM 297178105 17,015 87,492 SH   SOLE   87,492 0 0
EXTRA SPACE STORAGE INC COM 30225T102 22,015 229,415 SH   SOLE   229,415 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 11,698 176,182 SH   SOLE   176,182 0 0
GRANITE PT MTG TR INC COM 38741L107 7,350 2,508,515 SH   SOLE   2,508,515 0 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 24,241 1,065,055 SH   SOLE   1,065,055 0 0
HEALTHPEAK PROPERTIES INC COM 42250P103 16,588 812,729 SH   SOLE   812,729 0 0
HIGHWOODS PPTYS INC COM 431284108 3,720 119,546 SH   SOLE   119,546 0 0
HUDSON PAC PPTYS INC COM 444097109 23,951 1,031,036 SH   SOLE   1,031,036 0 0
INVITATION HOMES INC COM 46187W107 20,905 1,022,249 SH   SOLE   1,022,249 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 3,981 264,895 SH   SOLE   264,895 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 28,766 1,260,579 SH   SOLE   1,260,579 0 0
PROLOGIS INC. COM 74340W103 14,412 190,865 SH   SOLE   190,865 0 0
REXFORD INDL RLTY INC COM 76169C100 18,075 488,766 SH   SOLE   488,766 0 0
SPIRIT RLTY CAP INC NEW COM NEW 84860W300 11,179 483,101 SH   SOLE   483,101 0 0
STAG INDL INC COM 85254J102 4,372 198,458 SH   SOLE   198,458 0 0
STARWOOD PPTY TR INC COM 85571B105 12,373 1,267,679 SH   SOLE   1,267,679 0 0
SUN CMNTYS INC COM 866674104 18,747 167,444 SH   SOLE   167,444 0 0
TPG RE FIN TR INC COM 87266M107 4,034 1,105,124 SH   SOLE   1,105,124 0 0
UDR INC COM 902653104 9,354 292,782 SH   SOLE   292,782 0 0
URBAN EDGE PPTYS COM 91704F104 3,467 447,391 SH   SOLE   447,391 0 0
VEREIT INC COM 92339V100 15,952 3,843,832 SH   SOLE   3,843,832 0 0
WEINGARTEN RLTY INVS SH BEN INT 948741103 2,723 216,256 SH   SOLE   216,256 0 0