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 RLTY CORP COM 008492100 1,215 17,030 SH   SOLE   17,030 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 11,081 254,100 SH   SOLE   254,100 0 0
AMERICAN TOWER CORP NEW COM 03027X100 11,642 39,800 SH   SOLE   39,800 0 0
AMERICOLD RLTY TR COM 03064D108 2,046 62,400 SH   SOLE   62,400 0 0
APARTMENT INCOME REIT CORP COM 03750L109 2,948 53,918 SH   SOLE   53,918 0 0
BOSTON PROPERTIES INC COM 101121101 2,172 18,860 SH   SOLE   18,860 0 0
BROOKDALE SR LIVING INC COM 112463104 334 64,700 SH   SOLE   64,700 0 0
CARETRUST REIT INC COM 14174T107 2,116 92,686 SH   SOLE   92,686 0 0
COUSINS PPTYS INC COM NEW 222795502 818 20,310 SH   SOLE   20,310 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 5,699 27,300 SH   SOLE   27,300 0 0
CUBESMART COM 229663109 8,711 153,068 SH   SOLE   153,068 0 0
DOUGLAS EMMETT INC COM 25960P109 492 14,701 SH   SOLE   14,701 0 0
EQUINIX INC COM 29444U700 19,336 22,860 SH   SOLE   22,860 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 10,043 114,570 SH   SOLE   114,570 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 13,602 150,300 SH   SOLE   150,300 0 0
EXTRA SPACE STORAGE INC COM 30225T102 1,327 5,851 SH   SOLE   5,851 0 0
KIMCO RLTY CORP COM 49446R109 3,855 156,400 SH   SOLE   156,400 0 0
LIFE STORAGE INC COM 53223X107 1,200 7,834 SH   SOLE   7,834 0 0
MACERICH CO COM 554382101 2,350 136,000 SH   SOLE   136,000 0 0
MID-AMER APT CMNTYS INC COM 59522J103 15,350 66,900 SH   SOLE   66,900 0 0
NATIONAL HEALTH INVS INC COM 63633D104 485 8,435 SH   SOLE   8,435 0 0
NATIONAL RETAIL PROPERTIES I COM 637417106 750 15,600 SH   SOLE   15,600 0 0
PROLOGIS INC. COM 74340W103 17,610 104,600 SH   SOLE   104,600 0 0
PS BUSINESS PKS INC CALIF COM 69360J107 10,608 57,600 SH   SOLE   57,600 0 0
PUBLIC STORAGE COM 74460D109 7,545 20,144 SH   SOLE   20,144 0 0
REXFORD INDL RLTY INC COM 76169C100 21,113 260,300 SH   SOLE   260,300 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104 22,073 56,740 SH   SOLE   56,740 0 0
SIMON PPTY GROUP INC NEW COM 828806109 1,020 6,386 SH   SOLE   6,386 0 0
SL GREEN RLTY CORP COM 78440X804 2,027 28,274 SH   SOLE   28,274 0 0
SUMMIT HOTEL PPTYS INC COM 866082100 2,864 293,400 SH   SOLE   293,400 0 0
TERRENO RLTY CORP COM 88146M101 1,848 21,672 SH   SOLE   21,672 0 0