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 Realty Corp COM 008492100   153,882,604 2,689,315 SH   DFND 1 2,689,315 0 0
Alexandria Real Estate Equitie COM 015271109   57,457,036 495,875 SH   DFND 1 495,875 0 0
American Healthcare REIT Inc COM 398182303   48,216,314 3,511,749 SH   DFND 1 3,511,749 0 0
American Homes 4 Rent COM 02665T306   15,462,020 431,900 SH   DFND 1 431,900 0 0
American Tower Corp COM 03027X100   99,303,389 578,826 SH   DFND 1 578,826 0 0
Americold Realty Trust Inc COM 03064D108   29,614,264 1,347,941 SH   DFND 1 1,347,941 0 0
Apartment Income REIT Corp COM 03750L109   4,898,363 127,628 SH   DFND 1 127,628 0 0
Avalon Bay Communities COM 053484101   74,640,154 393,734 SH   DFND 1 393,734 0 0
Boston Properties COM 101121101   96,904,886 1,565,760 SH   DFND 1 1,565,760 0 0
Brixmor Property Group Inc COM 11120U105   120,280,841 5,442,572 SH   DFND 1 5,442,572 0 0
Broadstone Net Lease Inc COM 11135E203   26,898,639 1,847,434 SH   DFND 1 1,847,434 0 0
Camden Property Trust COM 133131102   180,606,703 1,811,865 SH   DFND 1 1,811,865 0 0
CareTrust REIT Inc COM 14174T107   54,716,014 2,213,431 SH   DFND 1 2,213,431 0 0
Centerspace COM 15202L107   981,850 14,600 SH   DFND 1 14,600 0 0
COPT Defense Properties COM 22002T108   1,278,512 53,338 SH   DFND 1 53,338 0 0
Corp Inmobiliaria Vesta SAB COM 92540K109   7,912,942 222,837 SH   DFND 1 222,837 0 0
Cousins Properties Inc COM 222795502   86,112,333 3,753,807 SH   DFND 1 3,753,807 0 0
Crown Castle Intl Corp COM 22822V101   4,383,277 46,740 SH   DFND 1 46,740 0 0
DiamondRock Hospitality Co COM 252784301   41,665,866 4,681,558 SH   DFND 1 4,681,558 0 0
Digital Realty Trust Inc COM 253868103   279,923,007 2,017,027 SH   DFND 1 2,017,027 0 0
DigitalBridge Group Inc COM 25401T603   1,274,100 77,500 SH   DFND 1 77,500 0 0
Douglas Emmett Inc COM 25960P109   44,810,436 3,268,449 SH   DFND 1 3,268,449 0 0
EastGroup Properties Inc COM 277276101   5,091,147 32,770 SH   DFND 1 32,770 0 0
Elme Communities COM 939653101   4,207,127 277,515 SH   DFND 1 277,515 0 0
Equinix Inc COM 29444U700   515,005,773 724,228 SH   DFND 1 724,228 0 0
Equity Lifestyle Properties COM 29472R108   7,417,479 123,030 SH   DFND 1 123,030 0 0
Equity Residential Properties COM 29476L107   228,835,032 3,553,339 SH   DFND 1 3,553,339 0 0
Essential Properties Realty COM 29670E107   516,264 19,600 SH   DFND 1 19,600 0 0
Essex Property Trust Inc COM 297178105   23,153,903 94,026 SH   DFND 1 94,026 0 0
Extra Space Storage Inc COM 30225T102   262,739,633 1,956,655 SH   DFND 1 1,956,655 0 0
Federal Realty Investment Trus COM 313745101   17,659,628 169,527 SH   DFND 1 169,527 0 0
First Industrial Realty Trust COM 32054K103   178,900,114 3,938,796 SH   DFND 1 3,938,796 0 0
Four Corners Property Trust COM 35086T109   455,540 19,426 SH   DFND 1 19,426 0 0
Healthcare Realty Trust Inc COM 42226K105   1,245,538 87,529 SH   DFND 1 87,529 0 0
Healthpeak Properties Inc COM 42250P103   158,014,793 8,490,854 SH   DFND 1 8,490,854 0 0
Host Hotels & Resorts Inc COM 44107P104   118,735,192 6,292,273 SH   DFND 1 6,292,273 0 0
Independence Realty Trust Inc COM 45378A106   14,546,753 922,432 SH   DFND 1 922,432 0 0
Invitation Homes Inc COM 46187W107   228,088,213 6,669,246 SH   DFND 1 6,669,246 0 0
Iron Mountain Inc COM 46284V101   88,433,498 1,140,783 SH   DFND 1 1,140,783 0 0
Kilroy Realty Corporation COM 49427F108   68,903,497 2,038,565 SH   DFND 1 2,038,565 0 0
Kimco Realty Corp COM 49446R109   206,890,621 11,105,240 SH   DFND 1 11,105,240 0 0
Lamar Advertising Company COM 512816109   51,674,082 446,043 SH   DFND 1 446,043 0 0
LXP Industrial Trust COM 529043101   2,358,959 282,510 SH   DFND 1 282,510 0 0
Medical Properties Trust Inc COM 58463J304   34,836,660 7,573,187 SH   DFND 1 7,573,187 0 0
Mid-America Apartment Communit COM 59522J103   15,424,500 118,650 SH   DFND 1 118,650 0 0
NEXTERA ENERGY INC COM 65339F101   1,054,778 15,750 SH   DFND 1 15,750 0 0
NNN REIT COM 637417106   92,977,036 2,294,030 SH   DFND 1 2,294,030 0 0
Omega Healthcare Investors Inc COM 681936100   80,460,998 2,645,873 SH   DFND 1 2,645,873 0 0
Outfront Media Inc COM 69007J106   1,344,674 84,784 SH   DFND 1 84,784 0 0
Paramount Group Inc COM 69924R108   10,488,159 2,260,379 SH   DFND 1 2,260,379 0 0
Pebblebrook Hotel Trust COM 70509V100   445,054 30,630 SH   DFND 1 30,630 0 0
Prologis Trust COM 74340W103   546,153,945 5,351,827 SH   DFND 1 5,351,827 0 0
Public Storage Inc COM 74460D109   236,958,280 913,310 SH   DFND 1 913,310 0 0
Realty Income Corp COM 756109104   272,391,175 5,087,620 SH   DFND 1 5,087,620 0 0
Regency Centers Corp COM 758849103   18,212,756 307,544 SH   DFND 1 307,544 0 0
Retail Opportunity Investments COM 76131N101   88,643,548 7,224,413 SH   DFND 1 7,224,413 0 0
Rexford Industrial Realty COM 76169C100   133,134,220 3,109,886 SH   DFND 1 3,109,886 0 0
Ryman Hospitality Properties COM 78377T107   1,832,926 17,377 SH   DFND 1 17,377 0 0
Saul Centers Inc COM 804395101   507,191 13,930 SH   DFND 1 13,930 0 0
SBA Communications Corp COM 78410G104   30,318,762 162,899 SH   DFND 1 162,899 0 0
Simon Property Group Inc COM 828806109   191,568,529 1,363,186 SH   DFND 1 1,363,186 0 0
STAG Industrial COM 85254J102   4,463,822 129,800 SH   DFND 1 129,800 0 0
Sun Communities Inc COM 866674104   186,340,329 1,673,916 SH   DFND 1 1,673,916 0 0
Terreno Realty Corp COM 88146M101   5,375,269 98,901 SH   DFND 1 98,901 0 0
UDR Inc COM 902653104   283,353,204 7,440,998 SH   DFND 1 7,440,998 0 0
Urban Edge Properties COM 91704F104   26,103,752 1,560,296 SH   DFND 1 1,560,296 0 0
Ventas Inc COM 92276F100   270,413,355 6,106,896 SH   DFND 1 6,106,896 0 0
VICI Properties Inc COM 925652109   117,440,339 4,113,497 SH   DFND 1 4,113,497 0 0
Welltower Inc COM 95040Q104   396,726,673 4,163,798 SH   DFND 1 4,163,798 0 0
Weyerhaeuser Co COM 962166104   12,231,190 405,409 SH   DFND 1 405,409 0 0
WP Carey Inc COM 92936U109   537,377 9,799 SH   DFND 1 9,799 0 0
Xenia Hotels & Resorts Inc COM 984017103   41,510,954 2,992,859 SH   DFND 1 2,992,859 0 0
Agree Realty Corp COM 008492100   35,693,378 623,792 SH   DFND 2 623,792 0 0
Alexandria Real Estate Equitie COM 015271109   18,668,974 161,120 SH   DFND 2 161,120 0 0
American Healthcare REIT Inc COM 398182303   11,153,566 812,350 SH   DFND 2 812,350 0 0
American Tower Corp COM 03027X100   9,629,663 56,130 SH   DFND 2 56,130 0 0
Americold Realty Trust Inc COM 03064D108   8,276,538 376,720 SH   DFND 2 376,720 0 0
Avalon Bay Communities COM 053484101   21,650,790 114,210 SH   DFND 2 114,210 0 0
Boston Properties COM 101121101   19,606,752 316,800 SH   DFND 2 316,800 0 0
Brixmor Property Group Inc COM 11120U105   28,848,014 1,305,340 SH   DFND 2 1,305,340 0 0
Broadstone Net Lease Inc COM 11135E203   8,345,792 573,200 SH   DFND 2 573,200 0 0
Camden Property Trust COM 133131102   37,071,789 371,908 SH   DFND 2 371,908 0 0
CareTrust REIT Inc COM 14174T107   12,578,278 508,830 SH   DFND 2 508,830 0 0
Cousins Properties Inc COM 222795502   20,918,757 911,890 SH   DFND 2 911,890 0 0
DiamondRock Hospitality Co COM 252784301   13,370,915 1,502,350 SH   DFND 2 1,502,350 0 0
Digital Realty Trust Inc COM 253868103   64,921,284 467,800 SH   DFND 2 467,800 0 0
Douglas Emmett Inc COM 25960P109   12,329,129 899,280 SH   DFND 2 899,280 0 0
Elme Communities COM 939653101   1,602,276 105,691 SH   DFND 2 105,691 0 0
Equinix Inc COM 29444U700   124,605,672 175,227 SH   DFND 2 175,227 0 0
Equity Residential Properties COM 29476L107   55,185,004 856,910 SH   DFND 2 856,910 0 0
Extra Space Storage Inc COM 30225T102   62,757,101 467,360 SH   DFND 2 467,360 0 0
First Industrial Realty Trust COM 32054K103   35,288,161 776,930 SH   DFND 2 776,930 0 0
Healthpeak Properties Inc COM 42250P103   38,786,218 2,084,160 SH   DFND 2 2,084,160 0 0
Host Hotels & Resorts Inc COM 44107P104   30,085,007 1,594,330 SH   DFND 2 1,594,330 0 0
Independence Realty Trust Inc COM 45378A106   5,894,258 373,764 SH   DFND 2 373,764 0 0
Invitation Homes Inc COM 46187W107   52,545,564 1,536,420 SH   DFND 2 1,536,420 0 0
Iron Mountain Inc COM 46284V101   28,167,590 363,359 SH   DFND 2 363,359 0 0
Kilroy Realty Corporation COM 49427F108   15,416,518 456,110 SH   DFND 2 456,110 0 0
Kimco Realty Corp COM 49446R109   49,425,204 2,652,990 SH   DFND 2 2,652,990 0 0
Lamar Advertising Company COM 512816109   19,803,399 170,940 SH   DFND 2 170,940 0 0
Medical Properties Trust Inc COM 58463J304   9,017,398 1,960,304 SH   DFND 2 1,960,304 0 0
NNN REIT COM 637417106   23,534,839 580,677 SH   DFND 2 580,677 0 0
Omega Healthcare Investors Inc COM 681936100   22,496,102 739,760 SH   DFND 2 739,760 0 0
Outfront Media Inc COM 69007J106   817,424 51,540 SH   DFND 2 51,540 0 0
Paramount Group Inc COM 69924R108   2,635,938 568,090 SH   DFND 2 568,090 0 0
Prologis Trust COM 74340W103   126,091,857 1,235,589 SH   DFND 2 1,235,589 0 0
Public Storage Inc COM 74460D109   59,045,631 227,580 SH   DFND 2 227,580 0 0
Realty Income Corp COM 756109104   75,628,998 1,412,570 SH   DFND 2 1,412,570 0 0
Retail Opportunity Investments COM 76131N101   19,930,652 1,624,340 SH   DFND 2 1,624,340 0 0
Rexford Industrial Realty COM 76169C100   27,787,971 649,100 SH   DFND 2 649,100 0 0
Simon Property Group Inc COM 828806109   52,971,378 376,940 SH   DFND 2 376,940 0 0
Sun Communities Inc COM 866674104   44,287,883 397,843 SH   DFND 2 397,843 0 0
UDR Inc COM 902653104   62,168,646 1,632,580 SH   DFND 2 1,632,580 0 0
Urban Edge Properties COM 91704F104   10,047,954 600,595 SH   DFND 2 600,595 0 0
Ventas Inc COM 92276F100   58,581,997 1,322,990 SH   DFND 2 1,322,990 0 0
VICI Properties Inc COM 925652109   36,665,052 1,284,240 SH   DFND 2 1,284,240 0 0
Welltower Inc COM 95040Q104   90,046,270 945,070 SH   DFND 2 945,070 0 0
Xenia Hotels & Resorts Inc COM 984017103   10,567,137 761,870 SH   DFND 2 761,870 0 0
Agree Realty Corp COM 008492100   4,641,515 81,117 SH   DFND 3 81,117 0 0
Alexandria Real Estate Equitie COM 015271109   244,486 2,110 SH   DFND 3 2,110 0 0
American Healthcare REIT Inc COM 398182303   1,960,095 142,760 SH   DFND 3 142,760 0 0
American Tower Corp COM 03027X100   3,197,878 18,640 SH   DFND 3 18,640 0 0
Americold Realty Trust Inc COM 03064D108   832,224 37,880 SH   DFND 3 37,880 0 0
Avalon Bay Communities COM 053484101   337,435 1,780 SH   DFND 3 1,780 0 0
Boston Properties COM 101121101   2,471,268 39,930 SH   DFND 3 39,930 0 0
Brixmor Property Group Inc COM 11120U105   3,733,353 168,930 SH   DFND 3 168,930 0 0
Broadstone Net Lease Inc COM 11135E203   694,396 47,692 SH   DFND 3 47,692 0 0
Camden Property Trust COM 133131102   5,583,874 56,018 SH   DFND 3 56,018 0 0
CareTrust REIT Inc COM 14174T107   1,842,629 74,540 SH   DFND 3 74,540 0 0
Corp Inmobiliaria Vesta SAB COM 92540K109   972,619 27,390 SH   DFND 3 27,390 0 0
Cousins Properties Inc COM 222795502   2,681,457 116,890 SH   DFND 3 116,890 0 0
DiamondRock Hospitality Co COM 252784301   683,431 76,790 SH   DFND 3 76,790 0 0
Digital Realty Trust Inc COM 253868103   8,163,040 58,820 SH   DFND 3 58,820 0 0
Douglas Emmett Inc COM 25960P109   1,367,847 99,770 SH   DFND 3 99,770 0 0
Equinix Inc COM 29444U700   15,768,153 22,174 SH   DFND 3 22,174 0 0
Equity Residential Properties COM 29476L107   6,396,208 99,320 SH   DFND 3 99,320 0 0
Extra Space Storage Inc COM 30225T102   8,381,758 62,420 SH   DFND 3 62,420 0 0
First Industrial Realty Trust COM 32054K103   4,985,299 109,760 SH   DFND 3 109,760 0 0
Healthpeak Properties Inc COM 42250P103   5,408,624 290,630 SH   DFND 3 290,630 0 0
Host Hotels & Resorts Inc COM 44107P104   3,984,023 211,130 SH   DFND 3 211,130 0 0
Invitation Homes Inc COM 46187W107   6,118,722 178,910 SH   DFND 3 178,910 0 0
Iron Mountain Inc COM 46284V101   1,541,718 19,888 SH   DFND 3 19,888 0 0
Kilroy Realty Corporation COM 49427F108   1,761,419 52,113 SH   DFND 3 52,113 0 0
Kimco Realty Corp COM 49446R109   6,714,066 360,390 SH   DFND 3 360,390 0 0
Lamar Advertising Company COM 512816109   553,763 4,780 SH   DFND 3 4,780 0 0
Medical Properties Trust Inc COM 58463J304   1,445,591 314,259 SH   DFND 3 314,259 0 0
NNN REIT COM 637417106   3,707,644 91,479 SH   DFND 3 91,479 0 0
Omega Healthcare Investors Inc COM 681936100   2,805,018 92,240 SH   DFND 3 92,240 0 0
Paramount Group Inc COM 69924R108   467,898 100,840 SH   DFND 3 100,840 0 0
Prologis Trust COM 74340W103   13,343,038 130,750 SH   DFND 3 130,750 0 0
Public Storage Inc COM 74460D109   5,822,058 22,440 SH   DFND 3 22,440 0 0
Realty Income Corp COM 756109104   8,579,250 160,240 SH   DFND 3 160,240 0 0
Retail Opportunity Investments COM 76131N101   2,921,242 238,080 SH   DFND 3 238,080 0 0
Rexford Industrial Realty COM 76169C100   3,987,323 93,140 SH   DFND 3 93,140 0 0
SBA Communications Corp COM 78410G104   1,019,938 5,480 SH   DFND 3 5,480 0 0
Simon Property Group Inc COM 828806109   5,358,409 38,130 SH   DFND 3 38,130 0 0
Sun Communities Inc COM 866674104   5,646,039 50,719 SH   DFND 3 50,719 0 0
UDR Inc COM 902653104   9,173,853 240,910 SH   DFND 3 240,910 0 0
Urban Edge Properties COM 91704F104   181,805 10,867 SH   DFND 3 10,867 0 0
Ventas Inc COM 92276F100   8,473,421 191,360 SH   DFND 3 191,360 0 0
VICI Properties Inc COM 925652109   3,481,102 121,930 SH   DFND 3 121,930 0 0
Welltower Inc COM 95040Q104   10,723,764 112,550 SH   DFND 3 112,550 0 0
Weyerhaeuser Co COM 962166104   656,801 21,770 SH   DFND 3 21,770 0 0
Xenia Hotels & Resorts Inc COM 984017103   1,756,913 126,670 SH   DFND 3 126,670 0 0
Agree Realty Corp COM 008492100   4,258,827 74,429 SH   DFND 4 74,429 0 0
American Healthcare REIT Inc COM 398182303   1,939,088 141,230 SH   DFND 4 141,230 0 0
Americold Realty Trust Inc COM 03064D108   795,534 36,210 SH   DFND 4 36,210 0 0
Boston Properties COM 101121101   2,322,113 37,520 SH   DFND 4 37,520 0 0
Brixmor Property Group Inc COM 11120U105   3,789,708 171,480 SH   DFND 4 171,480 0 0
Broadstone Net Lease Inc COM 11135E203   587,278 40,335 SH   DFND 4 40,335 0 0
Camden Property Trust COM 133131102   5,676,776 56,950 SH   DFND 4 56,950 0 0
CareTrust REIT Inc COM 14174T107   1,787,503 72,310 SH   DFND 4 72,310 0 0
Corp Inmobiliaria Vesta SAB COM 92540K109   1,116,790 31,450 SH   DFND 4 31,450 0 0
Cousins Properties Inc COM 222795502   2,664,940 116,170 SH   DFND 4 116,170 0 0
DiamondRock Hospitality Co COM 252784301   382,700 43,000 SH   DFND 4 43,000 0 0
Digital Realty Trust Inc COM 253868103   7,850,785 56,570 SH   DFND 4 56,570 0 0
Douglas Emmett Inc COM 25960P109   1,309,442 95,510 SH   DFND 4 95,510 0 0
Equinix Inc COM 29444U700   15,236,954 21,427 SH   DFND 4 21,427 0 0
Equity Residential Properties COM 29476L107   6,163,080 95,700 SH   DFND 4 95,700 0 0
Extra Space Storage Inc COM 30225T102   8,062,171 60,040 SH   DFND 4 60,040 0 0
First Industrial Realty Trust COM 32054K103   4,851,764 106,820 SH   DFND 4 106,820 0 0
Healthpeak Properties Inc COM 42250P103   5,254,906 282,370 SH   DFND 4 282,370 0 0
Host Hotels & Resorts Inc COM 44107P104   3,792,870 201,000 SH   DFND 4 201,000 0 0
Invitation Homes Inc COM 46187W107   5,732,946 167,630 SH   DFND 4 167,630 0 0
Iron Mountain Inc COM 46284V101   1,120,629 14,456 SH   DFND 4 14,456 0 0
Kilroy Realty Corporation COM 49427F108   1,735,833 51,356 SH   DFND 4 51,356 0 0
Kimco Realty Corp COM 49446R109   6,501,497 348,980 SH   DFND 4 348,980 0 0
Medical Properties Trust Inc COM 58463J304   1,498,772 325,820 SH   DFND 4 325,820 0 0
NNN REIT COM 637417106   3,459,276 85,351 SH   DFND 4 85,351 0 0
Omega Healthcare Investors Inc COM 681936100   2,682,466 88,210 SH   DFND 4 88,210 0 0
Paramount Group Inc COM 69924R108   476,110 102,610 SH   DFND 4 102,610 0 0
Prologis Trust COM 74340W103   12,451,121 122,010 SH   DFND 4 122,010 0 0
Public Storage Inc COM 74460D109   5,489,962 21,160 SH   DFND 4 21,160 0 0
Realty Income Corp COM 756109104   8,780,025 163,990 SH   DFND 4 163,990 0 0
Retail Opportunity Investments COM 76131N101   2,850,076 232,280 SH   DFND 4 232,280 0 0
Rexford Industrial Realty COM 76169C100   3,677,379 85,900 SH   DFND 4 85,900 0 0
Simon Property Group Inc COM 828806109   5,052,054 35,950 SH   DFND 4 35,950 0 0
Sun Communities Inc COM 866674104   5,498,095 49,390 SH   DFND 4 49,390 0 0
UDR Inc COM 902653104   8,992,592 236,150 SH   DFND 4 236,150 0 0
Ventas Inc COM 92276F100   8,198,442 185,150 SH   DFND 4 185,150 0 0
VICI Properties Inc COM 925652109   3,461,688 121,250 SH   DFND 4 121,250 0 0
Welltower Inc COM 95040Q104   10,274,042 107,830 SH   DFND 4 107,830 0 0
Xenia Hotels & Resorts Inc COM 984017103   1,733,473 124,980 SH   DFND 4 124,980 0 0