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 21,384 125,280 SH   SOLE   125,280 0 0
AMERICOLD RLTY TR COM 03064D108 11,148 285,924 SH   SOLE   285,924 0 0
APPLE HOSPITALITY REIT INC COM NEW 03784Y200 10,698 718,014 SH   SOLE   718,014 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 28,336 159,691 SH   SOLE   159,691 0 0
DIGITAL RLTY TR INC COM 253868103 20,306 139,300 SH   SOLE   139,300 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 37,196 515,534 SH   SOLE   515,534 0 0
ESSEX PPTY TR INC COM 297178105 13,842 50,190 SH   SOLE   50,190 0 0
EXTRA SPACE STORAGE INC COM 30225T102 38,074 282,011 SH   SOLE   282,011 0 0
INVITATION HOMES INC COM 46187W107 25,457 786,919 SH   SOLE   786,919 0 0
KILROY RLTY CORP COM 49427F108 35,300 529,467 SH   SOLE   529,467 0 0
KIMCO RLTY CORP COM 49446R109 30,097 1,579,892 SH   SOLE   1,579,892 0 0
LAS VEGAS SANDS CORP COM 517834107 19,982 319,200 SH   SOLE   319,200 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 27,791 1,271,895 SH   SOLE   1,271,895 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 22,074 653,658 SH   SOLE   653,658 0 0
PARK HOTELS & RESORTS INC COM 700517105 22,432 1,029,000 SH   SOLE   1,029,000 0 0
PROLOGIS INC. COM 74340W103 51,339 473,735 SH   SOLE   473,735 0 0
PUBLIC STORAGE COM 74460D109 23,508 92,090 SH   SOLE   92,090 0 0
REXFORD INDL RLTY INC COM 76169C100 33,053 634,423 SH   SOLE   634,423 0 0
SPIRIT RLTY CAP INC NEW COM NEW 84860W300 11,880 272,665 SH   SOLE   272,665 0 0
SUN CMNTYS INC COM 866674104 29,428 193,056 SH   SOLE   193,056 0 0
TPG RE FIN TR INC COM 87266M107 17,910 1,572,437 SH   SOLE   1,572,437 0 0
UDR INC COM 902653104 41,223 940,942 SH   SOLE   940,942 0 0
VEREIT INC COM 92339V308 20,553 510,121 SH   SOLE   510,121 0 0
VORNADO RLTY TR SH BEN INT 929042109 23,655 516,600 SH   SOLE   516,600 0 0
WELLTOWER INC COM 95040Q104 38,870 533,923 SH   SOLE   533,923 0 0