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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 RLTY CORP COM 008492100   12,943,392 226,600 SH   SOLE   226,600 0 0
AVALONBAY CMNTYS INC COM 053484101   12,840,752 69,200 SH   SOLE   69,200 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107   11,056,115 175,188 SH   SOLE   175,188 0 0
ESSEX PPTY TR INC COM 297178105   5,189,972 21,200 SH   SOLE   21,200 0 0
FEDERAL RLTY INVT TR NEW SH BEN INT NEW 313745101   18,356,376 179,753 SH   SOLE   179,753 0 0
LOWES COS INC COM 548661107   8,125,887 31,900 SH   SOLE   31,900 0 0
MCDONALDS CORP COM 580135101   10,939,660 38,800 SH   SOLE   38,800 0 0
NIKE INC CL B 654106103   4,830,572 51,400 SH   SOLE   51,400 0 0
NNN REIT INC COM 637417106   18,840,818 440,824 SH   SOLE   440,824 0 0
PERFORMANCE FOOD GROUP CO COM 71377A103   3,086,289 41,349 SH   SOLE   41,349 0 0
PROLOGIS INC. COM 74340W103   7,513,694 57,700 SH   SOLE   57,700 0 0
REGENCY CTRS CORP COM 758849103   4,045,408 66,800 SH   SOLE   66,800 0 0
REXFORD INDL RLTY INC COM 76169C100   2,942,550 58,500 SH   SOLE   58,500 0 0
TJX COS INC NEW COM 872540109   6,876,783 67,805 SH   SOLE   67,805 0 0