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 33,539 152,569 SH   SOLE   152,569 0 0
AMERICAN TOWER CORP NEW COM 03027X100 30,184 105,398 SH   SOLE   105,398 0 0
DIGITAL RLTY TR INC COM 253868103 38,573 220,306 SH   SOLE   220,306 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 57,562 632,137 SH   SOLE   632,137 0 0
ESSENTIAL PPTYS RLTY TR INC COM 29670E107 7,526 259,621 SH   SOLE   259,621 0 0
ESSEX PPTY TR INC COM 297178105 43,415 122,690 SH   SOLE   122,690 0 0
EXTRA SPACE STORAGE INC COM 30225T102 15,269 69,650 SH   SOLE   69,650 0 0
GDS HLDGS LTD SPONSORED ADS 36165L108 5,764 127,022 SH   SOLE   127,022 0 0
HOST HOTELS & RESORTS INC COM 44107P104 20,660 1,169,859 SH   SOLE   1,169,859 0 0
INDUS REALTY TRUST INC COM 45580R103 25,674 313,828 SH   SOLE   313,828 0 0
INVITATION HOMES INC COM 46187W107 30,645 681,448 SH   SOLE   681,448 0 0
KILROY RLTY CORP COM 49427F108 21,891 320,236 SH   SOLE   320,236 0 0
KIMCO RLTY CORP COM 49446R109 23,607 960,411 SH   SOLE   960,411 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 37,546 1,601,128 SH   SOLE   1,601,128 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 10,105 249,065 SH   SOLE   249,065 0 0
PARK HOTELS & RESORTS INC COM 700517105 18,692 971,521 SH   SOLE   971,521 0 0
PROLOGIS INC. COM 74340W103 81,600 494,848 SH   SOLE   494,848 0 0
PUBLIC STORAGE COM 74460D109 49,925 136,677 SH   SOLE   136,677 0 0
RADIUS GLOBAL INFRASTRCTRE I COM CL A 750481103 40,510 2,488,306 SH   SOLE   2,488,306 0 0
REXFORD INDL RLTY INC COM 76169C100 48,174 600,527 SH   SOLE   600,527 0 0
SIMON PPTY GROUP INC NEW COM 828806109 41,062 256,156 SH   SOLE   256,156 0 0
SUN CMNTYS INC COM 866674104 43,173 209,628 SH   SOLE   209,628 0 0
TPG RE FIN TR INC COM 87266M107 7,479 599,737 SH   SOLE   599,737 0 0
UDR INC COM 902653104 21,452 358,136 SH   SOLE   358,136 0 0
VICI PPTYS INC COM 925652109 7,766 259,300 SH   SOLE   259,300 0 0
WELLTOWER INC COM 95040Q104 32,848 383,918 SH   SOLE   383,918 0 0