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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KILROY REALTY CORPORATION</name>
        <lei>549300CXXI18B214UN80</lei>
        <title>KILROY REALTY CORP REIT</title>
        <cusip>49427F108</cusip>
        <identifiers>
          <isin value="US49427F1084"/>
        </identifiers>
        <balance>20820.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1366416.60000000</valUSD>
        <pctVal>1.331935524662</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMERICAN CAMPUS COMMUNITIES, INC.</name>
        <lei>529900MR3ZXRO3W6UX26</lei>
        <title>AMERICAN CAMPUS COMMUNITIES REIT</title>
        <cusip>024835100</cusip>
        <identifiers>
          <isin value="US0248351001"/>
        </identifiers>
        <balance>65733.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2837693.61000000</valUSD>
        <pctVal>2.766085341225</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ESSEX PROPERTY TRUST, INC.</name>
        <lei>549300TR2H2VEFX0NC60</lei>
        <title>ESSEX PROPERTY TRUST INC REIT</title>
        <cusip>297178105</cusip>
        <identifiers>
          <isin value="US2971781057"/>
        </identifiers>
        <balance>11156.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3032647.04000000</valUSD>
        <pctVal>2.956119185275</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMERICAN TOWER CORPORATION</name>
        <lei>5493006ORUSIL88JOE18</lei>
        <title>AMERICAN TOWER CORP REIT</title>
        <cusip>03027X100</cusip>
        <identifiers>
          <isin value="US03027X1000"/>
        </identifiers>
        <balance>14790.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3535697.40000000</valUSD>
        <pctVal>3.446475234212</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUN COMMUNITIES, INC.</name>
        <lei>549300H5GEOJYN41ZG57</lei>
        <title>SUN COMMUNITIES INC REIT</title>
        <cusip>866674104</cusip>
        <identifiers>
          <isin value="US8666741041"/>
        </identifiers>
        <balance>17650.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2648206.00000000</valUSD>
        <pctVal>2.581379388997</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Apple Hospitality REIT, Inc.</name>
        <lei>549300EVZAR0FBZO4F16</lei>
        <title>APPLE HOSPITALITY REIT INC REIT</title>
        <cusip>03784Y200</cusip>
        <identifiers>
          <isin value="US03784Y2000"/>
        </identifiers>
        <balance>39351.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>573344.07000000</valUSD>
        <pctVal>0.558875920189</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SIMON PROPERTY GROUP, INC.</name>
        <lei>529900GQL5X8H7AO3T64</lei>
        <title>SIMON PROPERTY GROUP INC REIT</title>
        <cusip>828806109</cusip>
        <identifiers>
          <isin value="US8288061091"/>
        </identifiers>
        <balance>17060.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1940916.20000000</valUSD>
        <pctVal>1.891937815431</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EMPIRE STATE REALTY TRUST, INC.</name>
        <lei>549300VOKY1DUEQSB456</lei>
        <title>EMPIRE STATE REALTY TRUST-A REIT</title>
        <cusip>292104106</cusip>
        <identifiers>
          <isin value="US2921041065"/>
        </identifiers>
        <balance>29076.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>323615.88000000</valUSD>
        <pctVal>0.315449539267</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CYRUSONE INC.</name>
        <lei>5493006S177ZK2ZNBU43</lei>
        <title>CYRUSONE INC REIT</title>
        <cusip>23283R100</cusip>
        <identifiers>
          <isin value="US23283R1005"/>
        </identifiers>
        <balance>16540.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1120088.80000000</valUSD>
        <pctVal>1.091823726011</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MID-AMERICA APARTMENT COMMUNITIES, INC.</name>
        <lei>549300FQZKFR5YNSHZ21</lei>
        <title>MID-AMERICA APARTMENT COMM REIT</title>
        <cusip>59522J103</cusip>
        <identifiers>
          <isin value="US59522J1034"/>
        </identifiers>
        <balance>10380.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1498456.80000000</valUSD>
        <pctVal>1.460643733464</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WEINGARTEN REALTY INVESTORS</name>
        <lei>549300JMKTJNB8GWHU88</lei>
        <title>WEINGARTEN REALTY INVESTORS REIT</title>
        <cusip>948741103</cusip>
        <identifiers>
          <isin value="US9487411038"/>
        </identifiers>
        <balance>24915.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>670462.65000000</valUSD>
        <pctVal>0.653543744634</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HEALTHPEAK PROPERTIES, INC.</name>
        <lei>PZ9HF5U52KPF0MH0QN75</lei>
        <title>HEALTHPEAK PROPERTIES INC REIT</title>
        <cusip>42250P103</cusip>
        <identifiers>
          <isin value="US42250P1030"/>
        </identifiers>
        <balance>42480.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1348315.20000000</valUSD>
        <pctVal>1.314290907562</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMERICAN ASSETS TRUST, INC.</name>
        <lei>N/A</lei>
        <title>AMERICAN ASSETS TRUST INC REIT</title>
        <cusip>024013104</cusip>
        <identifiers>
          <isin value="US0240131047"/>
        </identifiers>
        <balance>38131.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1236969.64000000</valUSD>
        <pctVal>1.205755116298</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BRIXMOR PROPERTY GROUP INC.</name>
        <lei>5299007UXW6Y0W2EGZ95</lei>
        <title>BRIXMOR PROPERTY GROUP INC REIT</title>
        <cusip>11120U105</cusip>
        <identifiers>
          <isin value="US11120U1051"/>
        </identifiers>
        <balance>94640.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1914567.20000000</valUSD>
        <pctVal>1.866253723815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COLUMBIA PROPERTY TRUST, INC.</name>
        <lei>549300J5GYF2C9BGCC39</lei>
        <title>COLUMBIA PROPERTY TRUST INC REIT</title>
        <cusip>198287203</cusip>
        <identifiers>
          <isin value="US1982872038"/>
        </identifiers>
        <balance>55641.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>951461.10000000</valUSD>
        <pctVal>0.927451290788</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AVALONBAY COMMUNITIES, INC.</name>
        <lei>K9G90K85RBWD2LAGQX17</lei>
        <title>AVALONBAY COMMUNITIES INC REIT</title>
        <cusip>053484101</cusip>
        <identifiers>
          <isin value="US0534841012"/>
        </identifiers>
        <balance>21988.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4057005.88000000</valUSD>
        <pctVal>3.954628665471</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COUSINS PROPERTIES INCORPORATED</name>
        <lei>5493007XPYD5EJABN062</lei>
        <title>COUSINS PROPERTIES INC REIT</title>
        <cusip>222795502</cusip>
        <identifiers>
          <isin value="US2227955026"/>
        </identifiers>
        <balance>63550.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2246492.50000000</valUSD>
        <pctVal>2.189802997590</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DOUGLAS EMMETT, INC.</name>
        <lei>N/A</lei>
        <title>DOUGLAS EMMETT INC REIT</title>
        <cusip>25960P109</cusip>
        <identifiers>
          <isin value="US25960P1093"/>
        </identifiers>
        <balance>46859.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1471372.60000000</valUSD>
        <pctVal>1.434242994380</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INVITATION HOMES INC.</name>
        <lei>N/A</lei>
        <title>INVITATION HOMES INC REIT</title>
        <cusip>46187W107</cusip>
        <identifiers>
          <isin value="US46187W1071"/>
        </identifiers>
        <balance>153516.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4910976.84000000</valUSD>
        <pctVal>4.787049948010</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AMERICOLD REALTY TRUST</name>
        <lei>549300R7N1V5YV8MWH02</lei>
        <title>AMERICOLD REALTY TRUST REIT</title>
        <cusip>03064D108</cusip>
        <identifiers>
          <isin value="US03064D1081"/>
        </identifiers>
        <balance>15940.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>613211.80000000</valUSD>
        <pctVal>0.597737601081</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DIVERSIFIED HEALTHCARE TRUST</name>
        <lei>N/A</lei>
        <title>DIVERSIFIED HEALTHCARE TRUST REIT</title>
        <cusip>25525P107</cusip>
        <identifiers>
          <isin value="US25525P1075"/>
        </identifiers>
        <balance>68660.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>328194.80000000</valUSD>
        <pctVal>0.319912911720</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FIRST INDUSTRIAL REALTY TRUST, INC.</name>
        <lei>N/A</lei>
        <title>FIRST INDUSTRIAL REALTY TR REIT</title>
        <cusip>32054K103</cusip>
        <identifiers>
          <isin value="US32054K1034"/>
        </identifiers>
        <balance>40510.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1854952.90000000</valUSD>
        <pctVal>1.808143771149</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UDR, INC.</name>
        <lei>P3CH2EG5X6Z1XWU1OO74</lei>
        <title>UDR INC REIT</title>
        <cusip>902653104</cusip>
        <identifiers>
          <isin value="US9026531049"/>
        </identifiers>
        <balance>56500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2478090.00000000</valUSD>
        <pctVal>2.415556210536</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RETAIL PROPERTIES OF AMERICA, INC.</name>
        <lei>549300OVTYLM7DH6CM14</lei>
        <title>RETAIL PROPERTIES OF AME - A REIT</title>
        <cusip>76131V202</cusip>
        <identifiers>
          <isin value="US76131V2025"/>
        </identifiers>
        <balance>122113.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1279744.24000000</valUSD>
        <pctVal>1.247450313277</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DUKE REALTY CORPORATION</name>
        <lei>254900E47KH1NFFKNF25</lei>
        <title>DUKE REALTY CORP REIT</title>
        <cusip>264411505</cusip>
        <identifiers>
          <isin value="US2644115055"/>
        </identifiers>
        <balance>56750.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2379527.50000000</valUSD>
        <pctVal>2.319480902940</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VENTAS, INC.</name>
        <lei>ORQTRC074CWLT3DKHT41</lei>
        <title>VENTAS INC REIT</title>
        <cusip>92276F100</cusip>
        <identifiers>
          <isin value="US92276F1003"/>
        </identifiers>
        <balance>35951.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1917626.34000000</valUSD>
        <pctVal>1.869235667419</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REGENCY CENTERS CORPORATION</name>
        <lei>529900053A7X7FJ97S58</lei>
        <title>REGENCY CENTERS CORP REIT</title>
        <cusip>758849103</cusip>
        <identifiers>
          <isin value="US7588491032"/>
        </identifiers>
        <balance>29470.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1671243.70000000</valUSD>
        <pctVal>1.629070412638</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EXTRA SPACE STORAGE INC.</name>
        <lei>N/A</lei>
        <title>EXTRA SPACE STORAGE INC REIT</title>
        <cusip>30225T102</cusip>
        <identifiers>
          <isin value="US30225T1025"/>
        </identifiers>
        <balance>19000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2518450.00000000</valUSD>
        <pctVal>2.454897739156</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LIFE STORAGE, INC.</name>
        <lei>W9EE01AFDDF9DQCQZC68</lei>
        <title>LIFE STORAGE INC REIT</title>
        <cusip>53223X107</cusip>
        <identifiers>
          <isin value="US53223X1072"/>
        </identifiers>
        <balance>33416.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2872105.20000000</valUSD>
        <pctVal>2.799628566022</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PARK HOTELS &amp; RESORTS INC.</name>
        <lei>5493005UZ5TQN0H6HS73</lei>
        <title>PARK HOTELS &amp; RESORTS INC REIT</title>
        <cusip>700517105</cusip>
        <identifiers>
          <isin value="US7005171050"/>
        </identifiers>
        <balance>8680.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>187314.40000000</valUSD>
        <pctVal>0.182587582469</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SABRA HEALTH CARE REIT, INC.</name>
        <lei>549300E3BC7GU7TAZ621</lei>
        <title>SABRA HEALTH CARE REIT INC REIT</title>
        <cusip>78573L106</cusip>
        <identifiers>
          <isin value="US78573L1061"/>
        </identifiers>
        <balance>72213.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1253617.68000000</valUSD>
        <pctVal>1.221983048461</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SEI Daily Income Trust: Government Fund; Class F Shares</name>
        <lei>N/A</lei>
        <title>SEI DAILY INCOME TRUST GOVERNMENT FUND (#36)</title>
        <cusip>783965593</cusip>
        <identifiers>
          <isin value="US7839655930"/>
        </identifiers>
        <balance>1180219.55000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1180219.55000000</valUSD>
        <pctVal>1.150437096231</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FEDERAL REALTY INVESTMENT TRUST</name>
        <lei>549300LI6XZ51GOCJ427</lei>
        <title>FEDERAL REALTY INVS TRUST REIT</title>
        <cusip>313747206</cusip>
        <identifiers>
          <isin value="US3137472060"/>
        </identifiers>
        <balance>12734.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1291864.30000000</valUSD>
        <pctVal>1.259264527533</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DIGITAL REALTY TRUST, INC.</name>
        <lei>549300HKCZ31D08NEI41</lei>
        <title>DIGITAL REALTY TRUST INC REIT</title>
        <cusip>253868103</cusip>
        <identifiers>
          <isin value="US2538681030"/>
        </identifiers>
        <balance>20566.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2896515.44000000</valUSD>
        <pctVal>2.823422821611</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ACADIA REALTY TRUST</name>
        <lei>N/A</lei>
        <title>ACADIA REALTY TRUST REIT</title>
        <cusip>004239109</cusip>
        <identifiers>
          <isin value="US0042391096"/>
        </identifiers>
        <balance>59660.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1131750.20000000</valUSD>
        <pctVal>1.103190854402</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PUBLIC STORAGE</name>
        <lei>549300LMZF40TKJ6DM64</lei>
        <title>PUBLIC STORAGE REIT</title>
        <cusip>74460D109</cusip>
        <identifiers>
          <isin value="US74460D1090"/>
        </identifiers>
        <balance>8349.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2060199.24000000</valUSD>
        <pctVal>2.008210786987</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PROLOGIS, INC.</name>
        <lei>529900DFH19P073LZ636</lei>
        <title>PROLOGIS INC REIT</title>
        <cusip>74340W103</cusip>
        <identifiers>
          <isin value="US74340W1036"/>
        </identifiers>
        <balance>80470.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8529820.00000000</valUSD>
        <pctVal>8.314572786203</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REXFORD INDUSTRIAL REALTY, INC</name>
        <lei>549300MSLO0DF0EMX355</lei>
        <title>REXFORD INDUSTRIAL REALTY IN REIT</title>
        <cusip>76169C100</cusip>
        <identifiers>
          <isin value="US76169C1009"/>
        </identifiers>
        <balance>21610.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1089144.00000000</valUSD>
        <pctVal>1.061659807904</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RYMAN HOSPITALITY PROPERTIES, INC.</name>
        <lei>529900GCCWW9SRMPJR11</lei>
        <title>RYMAN HOSPITALITY PROPERTIES REIT</title>
        <cusip>78377T107</cusip>
        <identifiers>
          <isin value="US78377T1079"/>
        </identifiers>
        <balance>13530.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1048710.30000000</valUSD>
        <pctVal>1.022246439079</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WELLTOWER INC</name>
        <lei>T6IZ0MBEG5ACZDTR7D06</lei>
        <title>WELLTOWER INC REIT</title>
        <cusip>95040Q104</cusip>
        <identifiers>
          <isin value="US95040Q1040"/>
        </identifiers>
        <balance>77909.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5580621.67000000</valUSD>
        <pctVal>5.439796510064</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SL GREEN REALTY CORP.</name>
        <lei>549300VQZPJU97H3GT17</lei>
        <title>SL GREEN REALTY CORP REIT</title>
        <cusip>78440X804</cusip>
        <identifiers>
          <isin value="US78440X8048"/>
        </identifiers>
        <balance>4613.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>322863.87000000</valUSD>
        <pctVal>0.314716505993</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2021-03-31</ncom:dateSigned>
      <ncom:nameOfApplicant>SEI INSTITUTIONAL MANAGED TRUST</ncom:nameOfApplicant>
      <ncom:signature>Peter Rodriguez</ncom:signature>
      <ncom:signerName>Peter Rodriguez</ncom:signerName>
      <ncom:title>CFO</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
