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
AGREE REALTY CORP COM 008492100 3,547 60,000 SH   SOLE   60,000 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 1,152 10,000 SH   SOLE   10,000 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 6,209 150,000 SH   SOLE   150,000 0 0
AVALONBAY CMNTYS INC COM 053484101 4,351 25,000 SH   SOLE   25,000 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 3,861 300,000 SH   SOLE   300,000 0 0
CARETRUST REIT INC COM 14174T107 3,692 200,000 SH   SOLE   200,000 0 0
COLUMBIA PPTY TR INC COM NEW 198287203 1,935 100,000 SH   SOLE   100,000 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 2,629 125,000 SH   SOLE   125,000 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 2,716 25,000 SH   SOLE   25,000 0 0
CUBESMART COM 229663109 2,869 100,000 SH   SOLE   100,000 0 0
DOUGLAS EMMETT INC COM 25960P109 3,754 110,000 SH   SOLE   110,000 0 0
DUKE REALTY CORP COM NEW 264411505 5,051 195,000 SH   SOLE   195,000 0 0
EMPIRE ST RLTY TR INC CL A 292104106 7,115 500,000 SH   SOLE   500,000 0 0
EQUINIX INC COM PAR $0.001 29444U700 1,763 5,000 SH   SOLE   5,000 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 5,828 60,000 SH   SOLE   60,000 0 0
ESSENTIAL PPTYS RLTY TR INC COM 29670E107 3,460 250,000 SH   SOLE   250,000 0 0
FIRST INDUSTRIAL REALTY TRUS COM 32054K103 4,329 150,000 SH   SOLE   150,000 0 0
HCP INC COM 40414L109 6,005 215,000 SH   SOLE   215,000 0 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 5,695 225,000 SH   SOLE   225,000 0 0
HUDSON PAC PPTYS INC COM 444097109 6,974 240,000 SH   SOLE   240,000 0 0
INDEPENDENCE RLTY TR INC COM 45378A106 2,984 325,000 SH   SOLE   325,000 0 0
INVITATION HOMES INC COM 46187W107 6,024 300,000 SH   SOLE   300,000 0 0
KILROY RLTY CORP COM 49427F108 3,458 55,000 SH   SOLE   55,000 0 0
MACERICH CO COM 554382101 3,895 90,000 SH   SOLE   90,000 0 0
NATIONAL STORAGE AFFILIATES COM SHS BEN IN 637870106 3,969 150,000 SH   SOLE   150,000 0 0
PUBLIC STORAGE COM 74460D109 3,036 15,000 SH   SOLE   15,000 0 0
QTS RLTY TR INC COM CL A 74736A103 5,558 150,000 SH   SOLE   150,000 0 0
REGENCY CTRS CORP COM 758849103 4,988 85,000 SH   SOLE   85,000 0 0
RETAIL PPTYS AMER INC CL A 76131V202 4,069 375,000 SH   SOLE   375,000 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 4,120 250,000 SH   SOLE   250,000 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104 2,833 17,500 SH   SOLE   17,500 0 0
SPIRIT RLTY CAP INC NEW COM NEW 84860W300 828 23,500 SH Call SOLE   23,500 0 0
STAG INDL INC COM 85254J102 3,732 150,000 SH   SOLE   150,000 0 0
SUN CMNTYS INC COM 866674104 4,068 40,000 SH   SOLE   40,000 0 0
TIER REIT INC COM NEW 88650V208 361 17,500 SH   SOLE   17,500 0 0
WEINGARTEN RLTY INVS SH BEN INT 948741103 4,962 200,000 SH   SOLE   200,000 0 0
WYNDHAM HOTELS & RESORTS INC COM 98311A105 1,815 40,000 SH   SOLE   40,000 0 0