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
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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
ALEXANDERS INC COM 014752109 625 1,483 SH   DFND (1) 1,483 0 0
COLONY STARWOOD HOMES COM 19625X102 859 25,050 SH   DFND (1) 25,050 0 0
DDR CORP COM 23317H102 1,127 124,282 SH   DFND (1) 124,282 0 0
EDUCATION RLTY TR INC COM NEW 28140H203 1,332 34,367 SH   DFND (1) 34,367 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 2,009 30,514 SH   DFND (1) 30,514 0 0
GGP INC COM 36174X101 4,174 177,157 SH   DFND (1) 177,157 0 0
SL GREEN RLTY CORP COM 78440X101 5,041 47,649 SH   DFND (1) 47,649 0 0
TAUBMAN CTRS INC COM 876664103 2,044 34,332 SH   DFND (1) 34,332 0 0
TIER REIT INC COM NEW 88650V208 443 23,986 SH   DFND (1) 23,986 0 0
WEINGARTEN RLTY INVS SH BEN INT 948741103 1,898 63,050 SH   DFND (1) 63,050 0 0