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
ALEXANDRIA REAL ESTATE EQ IN COM 015271109   10,480,082 71,944 SH   SOLE   71,944 0 0
AMERICAN HOMES 4 RENT CL A 02665T306   4,984,613 165,382 SH   SOLE   165,382 0 0
APPLE HOSPITALITY REIT INC COM NEW 03784Y200   2,748,813 174,196 SH   SOLE   174,196 0 0
AVALONBAY CMNTYS INC COM 053484101   9,885,024 61,200 SH   SOLE   61,200 0 0
BOSTON PROPERTIES INC COM 101121101   4,521,102 66,900 SH   SOLE   66,900 0 0
CAPRI HOLDINGS LIMITED SHS G1890L107   2,261,503 39,454 SH   SOLE   39,454 0 0
DOMINOS PIZZA INC COM 25754A201   5,299,920 15,300 SH   SOLE   15,300 0 0
DOUGLAS EMMETT INC COM 25960P109   1,309,280 83,500 SH   SOLE   83,500 0 0
ESSEX PPTY TR INC COM 297178105   2,585,424 12,200 SH   SOLE   12,200 0 0
FEDERAL RLTY INVT TR NEW SH BEN INT NEW 313745101   5,177,896 51,246 SH   SOLE   51,246 0 0
FLOOR & DECOR HLDGS INC CL A 339750101   1,314,266 18,875 SH   SOLE   18,875 0 0
HILTON WORLDWIDE HLDGS INC COM 43300A203   5,909,984 46,771 SH   SOLE   46,771 0 0
HYATT HOTELS CORP COM CL A 448579102   2,900,822 32,071 SH   SOLE   32,071 0 0
INVITATION HOMES INC COM 46187W107   1,277,484 43,100 SH   SOLE   43,100 0 0
KILROY RLTY CORP COM 49427F108   1,279,977 33,100 SH   SOLE   33,100 0 0
MID-AMER APT CMNTYS INC COM 59522J103   4,018,944 25,600 SH   SOLE   25,600 0 0
NATIONAL RETAIL PROPERTIES I COM 637417106   2,658,656 58,100 SH   SOLE   58,100 0 0
PERFORMANCE FOOD GROUP CO COM 71377A103   5,511,140 94,385 SH   SOLE   94,385 0 0
PROLOGIS INC. COM 74340W103   5,569,087 49,402 SH   SOLE   49,402 0 0
REXFORD INDL RLTY INC COM 76169C100   1,305,896 23,900 SH   SOLE   23,900 0 0
YUM BRANDS INC COM 988498101   2,330,928 18,199 SH   SOLE   18,199 0 0