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
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 26,606 161,530 SH   SOLE   161,530 0 0
AMERICOLD RLTY TR COM 03064D108 22,596 620,090 SH   SOLE   620,090 0 0
APPLE HOSPITALITY REIT INC COM NEW 03784Y200 7,404 715,408 SH   SOLE   715,408 0 0
COUSINS PPTYS INC COM NEW 222795502 7,545 254,048 SH   SOLE   254,048 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 23,732 140,741 SH   SOLE   140,741 0 0
DIGITAL RLTY TR INC COM 253868103 5,430 36,360 SH   SOLE   36,360 0 0
EQUINIX INC COM 29444U700 20,810 26,748 SH   SOLE   26,748 0 0
ESSEX PPTY TR INC COM 297178105 29,772 140,366 SH   SOLE   140,366 0 0
EXTRA SPACE STORAGE INC COM 30225T102 35,148 312,735 SH   SOLE   312,735 0 0
FEDERAL RLTY INVT TR SH BEN INT NEW 313747206 3,465 44,176 SH   SOLE   44,176 0 0
GRANITE PT MTG TR INC COM STK 38741L107 13,437 1,793,963 SH   SOLE   1,793,963 0 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 15,744 587,455 SH   SOLE   587,455 0 0
HEALTHPEAK PROPERTIES INC COM 42250P103 9,983 350,276 SH   SOLE   350,276 0 0
HUDSON PAC PPTYS INC COM 444097109 17,134 757,118 SH   SOLE   757,118 0 0
INVITATION HOMES INC COM 46187W107 27,857 950,419 SH   SOLE   950,419 0 0
KIMCO RLTY CORP COM 49446R109 22,655 1,903,805 SH   SOLE   1,903,805 0 0
MARRIOTT INTL INC NEW CL A 571903202 6,858 72,003 SH   SOLE   72,003 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 2,984 160,795 SH   SOLE   160,795 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 20,425 722,758 SH   SOLE   722,758 0 0
PROLOGIS INC. COM 74340W103 19,392 186,065 SH   SOLE   186,065 0 0
REXFORD INDL RLTY INC COM 76169C100 29,780 615,661 SH   SOLE   615,661 0 0
SPIRIT RLTY CAP INC NEW COM NEW 84860W300 9,499 266,074 SH   SOLE   266,074 0 0
STAG INDL INC COM 85254J102 4,373 139,258 SH   SOLE   139,258 0 0
STARWOOD PPTY TR INC COM 85571B105 25,067 1,614,108 SH   SOLE   1,614,108 0 0
SUN CMNTYS INC COM 866674104 27,645 183,886 SH   SOLE   183,886 0 0
TPG RE FIN TR INC COM 87266M107 18,588 2,139,029 SH   SOLE   2,139,029 0 0
UDR INC COM 902653104 27,995 805,842 SH   SOLE   805,842 0 0
VEREIT INC COM 92339V100 21,441 3,089,425 SH   SOLE   3,089,425 0 0
WEINGARTEN RLTY INVS SH BEN INT 948741103 3,481 194,156 SH   SOLE   194,156 0 0
WELLTOWER INC COM 95040Q104 28,315 488,700 SH   SOLE   488,700 0 0