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 24,562 133,496 SH   SOLE   133,496 0 0
AMERICAN TOWER CORP NEW COM 03027X100 37,792 138,500 SH   SOLE   138,500 0 0
AMERICOLD RLTY TR COM 03064D108 28,549 746,964 SH   SOLE   746,964 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 9,591 48,690 SH   SOLE   48,690 0 0
DIGITAL RLTY TR INC COM 253868103 18,826 125,280 SH   SOLE   125,280 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 44,580 568,254 SH   SOLE   568,254 0 0
ESSEX PPTY TR INC COM 297178105 16,881 55,192 SH   SOLE   55,192 0 0
EXTRA SPACE STORAGE INC COM 30225T102 9,577 57,397 SH   SOLE   57,397 0 0
INVITATION HOMES INC COM 46187W107 28,403 750,019 SH   SOLE   750,019 0 0
KILROY RLTY CORP COM 49427F108 31,552 454,047 SH   SOLE   454,047 0 0
LAS VEGAS SANDS CORP COM 517834107 20,941 394,600 SH   SOLE   394,600 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 40,918 1,986,295 SH   SOLE   1,986,295 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 38,323 1,036,038 SH   SOLE   1,036,038 0 0
PARK HOTELS & RESORTS INC COM 700517105 30,027 1,477,000 SH   SOLE   1,477,000 0 0
PROLOGIS INC. COM 74340W103 70,669 583,895 SH   SOLE   583,895 0 0
PUBLIC STORAGE COM 74460D109 36,282 119,854 SH   SOLE   119,854 0 0
RADIUS GLOBAL INFRASTRCTRE I COM CL A 750481103 25,637 1,749,932 SH   SOLE   1,749,932 0 0
REGENCY CTRS CORP COM 758849103 22,695 351,800 SH   SOLE   351,800 0 0
REXFORD INDL RLTY INC COM 76169C100 15,148 263,717 SH   SOLE   263,717 0 0
SIMON PPTY GROUP INC NEW COM 828806109 33,639 259,500 SH   SOLE   259,500 0 0
SPIRIT RLTY CAP INC NEW COM NEW 84860W300 39,393 820,865 SH   SOLE   820,865 0 0
SUN CMNTYS INC COM 866674104 27,672 160,416 SH   SOLE   160,416 0 0
TPG RE FIN TR INC COM 87266M107 16,270 1,210,537 SH   SOLE   1,210,537 0 0
UDR INC COM 902653104 40,084 806,202 SH   SOLE   806,202 0 0
VORNADO RLTY TR SH BEN INT 929042109 15,101 323,224 SH   SOLE   323,224 0 0
WELLTOWER INC COM 95040Q104 32,270 380,003 SH   SOLE   380,003 0 0