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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AGREE RLTY CORP COM 008492100   21,787,532 305,233 SH   SOLE   305,233 0 0
AMERICAN TOWER CORP NEW COM 03027X100   16,527,120 74,885 SH   SOLE   74,885 0 0
BRIXMOR PPTY GROUP INC COM 11120U105   10,276,499 402,842 SH   SOLE   402,842 0 0
CAMDEN PPTY TR SH BEN INT 133131102   26,323,839 232,317 SH   SOLE   232,317 0 0
CBRE GROUP INC CL A 12504L109   20,860,537 149,121 SH   SOLE   149,121 0 0
CUBESMART COM 229663109   21,642,504 508,040 SH   SOLE   508,040 0 0
DIGITAL RLTY TR INC COM 253868103   44,643,192 261,377 SH   SOLE   261,377 0 0
EASTGROUP PPTYS INC COM 277276101   14,385,305 85,525 SH   SOLE   85,525 0 0
EQUINIX INC COM 29444U700   38,004,990 49,525 SH   SOLE   49,525 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107   31,992,190 480,219 SH   SOLE   480,219 0 0
HIGHWOODS PPTYS INC COM 431284108   9,277,745 299,572 SH   SOLE   299,572 0 0
HILTON WORLDWIDE HLDGS INC COM 43300A203   22,147,701 81,139 SH   SOLE   81,139 0 0
HUDSON PAC PPTYS INC COM 444097109   6,035,712 2,227,200 SH   SOLE   2,227,200 0 0
INVITATION HOMES INC COM 46187W107   30,395,501 943,081 SH   SOLE   943,081 0 0
LXP INDUSTRIAL TRUST COM 529043101   118,487 14,190 SH   SOLE   14,190 0 0
NNN REIT INC COM 637417106   12,875,716 297,980 SH   SOLE   297,980 0 0
PROLOGIS INC. COM 74340W103   48,715,800 455,927 SH   SOLE   455,927 0 0
PUBLIC STORAGE OPER CO COM 74460D109   21,227,533 72,992 SH   SOLE   72,992 0 0
REGENCY CTRS CORP COM 758849103   19,653,830 282,545 SH   SOLE   282,545 0 0
SIMON PPTY GROUP INC NEW COM 828806109   20,207,324 123,630 SH   SOLE   123,630 0 0
SL GREEN RLTY CORP COM 78440X887   10,682,001 173,100 SH   SOLE   173,100 0 0
SONIDA SENIOR LIVING INC COM 140475203   24,059,447 970,139 SH   SOLE   970,139 0 0
VENTAS INC COM 92276F100   23,647,654 376,795 SH   SOLE   376,795 0 0
VERIS RESIDENTIAL INC COM 554489104   1,625,330 111,324 SH   SOLE   111,324 0 0
VICI PPTYS INC COM 925652109   25,316,986 766,949 SH   SOLE   766,949 0 0
WELLTOWER INC COM 95040Q104   41,710,932 274,848 SH   SOLE   274,848 0 0