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
EQUINIX REIT INC EQU 29444U700   4,767,106 5,776 SH   SOLE 11 5,776 0 0
EQUITY LIFESTYLE PROPERTIES EQU 29472R108   555,965 8,633 SH   SOLE 11 8,633 0 0
EQUITY RESIDENTIAL SH BEN IN T EQU 29476L107   2,805,681 44,457 SH   SOLE 11 44,457 0 0
EXTRA SPACE STORAGE INC EQU 30225T102   2,513,406 17,098 SH   SOLE 11 17,098 0 0
GAMING AND LEISURE PROPERTIES INC EQU 36467J108   2,599,362 56,422 SH   SOLE 11 56,422 0 0
INVITATION HOMES INC EQU 46187W107   2,363,578 66,374 SH   SOLE 11 66,374 0 0
ISHARES CORE MSCI EMERGING MARKETS EQU 46434G103   2,845,121 55,138 SH   SOLE 11 55,138 0 0
KIMCO REALTY CORP EQU 49446R109   1,432,393 73,044 SH   SOLE 11 73,044 0 0
PROLOGIS INC EQU 74340W103   3,596,676 27,620 SH   SOLE 11 27,620 0 0
PUBLIC STORAGE EQU 74460D109   2,869,274 9,892 SH   SOLE 11 9,892 0 0
SBA COMMUNICATIONS CORP CLASS A EQU 78410G104   2,636,156 12,165 SH   SOLE 11 12,165 0 0
SPDR S&P 500 ETF TRUST EQU 78462F103   53,597,937 102,468 SH   SOLE 11 102,468 0 0
VENTAS INC EQU 92276F100   1,591,866 36,561 SH   SOLE 11 36,561 0 0
HEALTHPEAK PROPERTIES INC EQU 42250P103   2,352,394 125,461 SH   SOLE 11 125,461 0 0
FIRST INDUSTRIAL REALTY TRUST EQU 32054K103   3,521,073 67,017 SH   SOLE 11 67,017 0 0
AMERICOLD REALTY TRUST EQU 03064D108   1,008,886 40,485 SH   SOLE 11 40,485 0 0
BRIXMOR PROPERTY GROUP INC EQU 11120U105   877,898 37,437 SH   SOLE 11 37,437 0 0
KILROY REALTY CORPORATION EQU 49427F108   306,923 8,425 SH   SOLE 11 8,425 0 0
RETAIL OPPORTUNITY INVESTMEN EQU 76131N101   568,439 44,340 SH   SOLE 11 44,340 0 0
REXFORD INDUSTRIAL REALTY REIT INC EQU 76169C100   1,180,390 23,467 SH   SOLE 11 23,467 0 0
MEDICAL PPTYS TRUST INC EQU 58463J304   186,867 39,759 SH   SOLE 11 39,759 0 0
ISHARES TRUST ISHARES 5-10 YEA EQU 464288638   203,166,744 3,937,340 SH   SOLE 11 3,937,340 0 0
ISHARES TRUST ISHARES 1-5 YEAR EQU 464288646   184,794,403 3,603,635 SH   SOLE 11 3,603,635 0 0
ISHARES CORE S&P TOTAL U.S. STOCK EQU 464287150   17,883,722 155,106 SH   SOLE 11 155,106 0 0
AVALONBAY CMNTYS INC EQU 053484101   2,944,095 15,866 SH   SOLE 11 15,866 0 0
CUBESMART EQU 229663109   305,959 6,766 SH   SOLE 11 6,766 0 0
DIGITAL REALTY TRUST INC EQU 253868103   4,966,931 34,483 SH   SOLE 11 34,483 0 0
ESSENTIAL PROPERTIES REALTY TRUST EQU 29670E107   1,107,670 41,548 SH   SOLE 11 41,548 0 0
ESSEX PROPERTY EQU 297178105   996,622 4,071 SH   SOLE 11 4,071 0 0
ISHARES IBOXX USD HIGH YIELD CORPO EQU 464288513   107,795,964 1,386,800 SH   SOLE 11 1,386,800 0 0
PARK HOTELS RESORTS INC EQU 700517105   381,299 21,801 SH   SOLE 11 21,801 0 0
SIMON PPTY GROUP INC EQU 828806109   5,738,801 36,672 SH   SOLE 11 36,672 0 0
ALEXANDRIA REAL ESTATE EQU 015271109   585,767 4,544 SH   SOLE 11 4,544 0 0
REALTY INCOME CORP EQU 756109104   2,757,964 50,979 SH   SOLE 11 50,979 0 0
SUN COMMUNITIES EQU 866674104   1,987,332 15,456 SH   SOLE 11 15,456 0 0
ISHARES NATIONAL MUNI BOND ETF EQU 464288414   5,339,650 49,625 SH   SOLE 11 49,625 0 0
OMEGA HEALTHCARE INVESTORS EQU 681936100   1,470,121 46,420 SH   SOLE 11 46,420 0 0
VORNADO RLTY TR EQU 929042109   223,428 7,766 SH   SOLE 11 7,766 0 0
NATIONAL RETAIL PROPERTIES EQU 637417106   599,770 14,033 SH   SOLE 11 14,033 0 0
ISHARES CORE S&P 500 ETF EQU 464287200   49,110,542 93,414 SH   SOLE 11 93,414 0 0
UDR INC EQU 902653104   758,488 20,275 SH   SOLE 11 20,275 0 0
VICI PPTYS INC EQU 925652109   2,908,904 97,647 SH   SOLE 11 97,647 0 0
ISHARES BROAD USD HIGH YIELD CORPO EQU 46435U853   44,932,520 1,228,000 SH   SOLE 11 1,228,000 0 0
SPDR PORTFOLIO SHORT TERM CORPORAT EQU 78464A474   37,058,291 1,244,820 SH   SOLE 11 1,244,820 0 0
HEALTHCARE REALTY TRUST INC CLASS EQU 42226K105   602,323 42,567 SH   SOLE 11 42,567 0 0
SAFEHOLD INC EQU 78646V107   918,678 44,596 SH   SOLE 11 44,596 0 0
BROADSTONE NET LEASE INC EQU 11135E203   1,754,445 111,962 SH   SOLE 11 111,962 0 0
SUNSTONE HOTEL INVESTORS INC EQU 867892101   552,076 49,558 SH   SOLE 11 49,558 0 0
APARTMENT INCOME REIT CORP EQU 03750L109   242,421 7,466 SH   SOLE 11 7,466 0 0
EMPIRE STATE REALTY REIT CLASS A I EQU 292104106   120,000 11,846 SH   SOLE 11 11,846 0 0
INDEPENDENCE REALTY TRUST REIT INC EQU 45378A106   263,677 16,347 SH   SOLE 11 16,347 0 0
LEXINGTON REALTY TRUST EQU 529043101   458,595 50,842 SH   SOLE 11 50,842 0 0
MACERICH COMPANY EQU 554382101   407,179 23,632 SH   SOLE 11 23,632 0 0
AT&T INC EQU 00206R102   376,024 21,365 SH   SOLE 12 21,365 0 0
ABBVIE INC EQU 00287Y109   1,066,378 5,856 SH   SOLE 12 5,856 0 0
ADOBE INC EQU 00724F101   782,635 1,551 SH   SOLE 12 1,551 0 0
ALPHABET INC CLASS C EQU 02079K107   2,591,617 17,021 SH   SOLE 12 17,021 0 0
ALPHABET INC CLASS A EQU 02079K305   2,927,136 19,394 SH   SOLE 12 19,394 0 0
AMERICAN TOWER CORP EQU 03027X100   311,995 1,579 SH   SOLE 12 1,579 0 0
BLACKROCK INC EQU 09247X101   398,509 478 SH   SOLE 12 478 0 0
BOOKING HOLDINGS INC EQU 09857L108   428,090 118 SH   SOLE 12 118 0 0
BROADCOM INC EQU 11135F101   1,864,852 1,407 SH   SOLE 12 1,407 0 0
CME GROUP INC. EQU 12572Q105   263,730 1,225 SH   SOLE 12 1,225 0 0
CISCO SYS INC EQU 17275R102   618,585 12,394 SH   SOLE 12 12,394 0 0
COMCAST CORP NEW CL A EQU 20030N101   594,719 13,719 SH   SOLE 12 13,719 0 0
CONOCOPHILLIPS EQU 20825C104   513,066 4,031 SH   SOLE 12 4,031 0 0
COSTCO WHS L CORP NEW COM EQU 22160K105   1,145,833 1,564 SH   SOLE 12 1,564 0 0
D R HORTON INC COM EQU 23331A109   220,826 1,342 SH   SOLE 12 1,342 0 0
DELL TECHNOLOGIES WHEN ISSUED INC EQU 24703L202   316,883 2,777 SH   SOLE 12 2,777 0 0
DUKE ENERGY HLDG CORP EQU 26441C204   229,106 2,369 SH   SOLE 12 2,369 0 0
EQUINIX REIT INC EQU 29444U700   5,934,948 7,191 SH   SOLE 12 7,191 0 0
EQUITY LIFESTYLE PROPERTIES EQU 29472R108   697,516 10,831 SH   SOLE 12 10,831 0 0
EQUITY RESIDENTIAL SH BEN IN T EQU 29476L107   3,416,397 54,134 SH   SOLE 12 54,134 0 0
EXTRA SPACE STORAGE INC EQU 30225T102   3,092,439 21,037 SH   SOLE 12 21,037 0 0
EXXON MOBIL CORP EQU 30231G102   1,536,925 13,222 SH   SOLE 12 13,222 0 0
FACEBOOK INC EQU 30303M102   3,503,460 7,215 SH   SOLE 12 7,215 0 0
FEDEX CORP EQU 31428X106   227,736 786 SH   SOLE 12 786 0 0
GAMING AND LEISURE PROPERTIES INC EQU 36467J108   3,163,903 68,676 SH   SOLE 12 68,676 0 0
GENERAL MOTORS CO EQU 37045V100   202,352 4,462 SH   SOLE 12 4,462 0 0
GOLDMAN SA CHS GROUP INC EQU 38141G104   443,169 1,061 SH   SOLE 12 1,061 0 0
HCA Healthcare Inc EQU 40412C101   212,125 636 SH   SOLE 12 636 0 0
INTUITIVE SURGICAL INC EQU 46120E602   489,683 1,227 SH   SOLE 12 1,227 0 0
INVITATION HOMES INC EQU 46187W107   2,970,159 83,408 SH   SOLE 12 83,408 0 0
JP MORGAN CHASE & CO EQU 46625H100   1,866,195 9,317 SH   SOLE 12 9,317 0 0
KKR AND CO INC CLASS A EQU 48251W104   272,471 2,709 SH   SOLE 12 2,709 0 0
KIMCO REALTY CORP EQU 49446R109   1,760,292 89,765 SH   SOLE 12 89,765 0 0
MARATHON PETROLEUM CORP EQU 56585A102   364,917 1,811 SH   SOLE 12 1,811 0 0
MASTERCARD INC CLASS A EQU 57636Q104   1,350,804 2,805 SH   SOLE 12 2,805 0 0
MCKESSON CORP EQU 58155Q103   320,499 597 SH   SOLE 12 597 0 0
MERCK & CO. INC. EQU 58933Y105   1,122,763 8,509 SH   SOLE 12 8,509 0 0
NETFLIX INC EQU 64110L106   882,450 1,453 SH   SOLE 12 1,453 0 0
NEXTERA ENERGY INC EQU 65339F101   402,122 6,292 SH   SOLE 12 6,292 0 0
NVIDIA CORP EQU 67066G104   7,260,105 8,035 SH   SOLE 12 8,035 0 0
OREILLY AUTOMOTIVE INC EQU 67103H107   303,669 269 SH   SOLE 12 269 0 0
ORACLE CORP COM EQU 68389X105   655,307 5,217 SH   SOLE 12 5,217 0 0
PAYPAL HOLDINGS INC EQU 70450Y103   209,143 3,122 SH   SOLE 12 3,122 0 0
PROLOGIS INC EQU 74340W103   4,700,942 36,100 SH   SOLE 12 36,100 0 0
PUBLIC STORAGE EQU 74460D109   3,530,610 12,172 SH   SOLE 12 12,172 0 0
REGENERON PHARMACEUTICALS INC EQU 75886F107   341,684 355 SH   SOLE 12 355 0 0
S&P GLOBAL INC EQU 78409V104   387,160 910 SH   SOLE 12 910 0 0
SBA COMMUNICATIONS CORP CLASS A EQU 78410G104   3,266,969 15,076 SH   SOLE 12 15,076 0 0
SPDR S&P 500 ETF TRUST EQU 78462F103   44,400,274 84,884 SH   SOLE 12 84,884 0 0
SPDR BLOOMBERG BARCLAYS HIGH YIELD EQU 78468R622   20,269,318 212,913 SH   SOLE 12 212,913 0 0
SALESFORCE.COM INC EQU 79466L302   1,024,916 3,403 SH   SOLE 12 3,403 0 0
SERVICENOW INC EQU 81762P102   488,698 641 SH   SOLE 12 641 0 0
TESLA INC EQU 88160R101   1,602,502 9,116 SH   SOLE 12 9,116 0 0
UBER TECHNOLOGIES INC EQU 90353T100   452,085 5,872 SH   SOLE 12 5,872 0 0
UNITEDHEALTH GROUP INC EQU 91324P102   1,537,528 3,108 SH   SOLE 12 3,108 0 0
VALERO ENERGY CORP EQU 91913Y100   225,652 1,322 SH   SOLE 12 1,322 0 0
VENTAS INC EQU 92276F100   2,032,926 46,691 SH   SOLE 12 46,691 0 0
VERIZON COMMUNICATIONS EQU 92343V104   602,252 14,353 SH   SOLE 12 14,353 0 0
VERTEX PHARMACEUTICALS EQU 92532F100   386,659 925 SH   SOLE 12 925 0 0
VISA INC EQU 92826C839   1,487,496 5,330 SH   SOLE 12 5,330 0 0
WASTE MGMT INC DEL EQU 94106L109   277,095 1,300 SH   SOLE 12 1,300 0 0
ZOETIS INC EQU 98978V103   270,059 1,596 SH   SOLE 12 1,596 0 0
ACCENTURE PLC EQU G1151C101   717,136 2,069 SH   SOLE 12 2,069 0 0
EATON CORP PLC EQU G29183103   456,513 1,460 SH   SOLE 12 1,460 0 0
MEDTRONIC PLC EQU G5960L103   368,383 4,227 SH   SOLE 12 4,227 0 0
CHUBB LTD EQU H1467J104   299,036 1,154 SH   SOLE 12 1,154 0 0
HEALTHPEAK PROPERTIES INC EQU 42250P103   2,914,744 155,453 SH   SOLE 12 155,453 0 0
FIRST INDUSTRIAL REALTY TRUST EQU 32054K103   4,351,626 82,825 SH   SOLE 12 82,825 0 0
CROWDSTRIKE HOLDINGS INC CLASS A EQU 22788C105   224,734 701 SH   SOLE 12 701 0 0
AMERICOLD REALTY TRUST EQU 03064D108   1,228,830 49,311 SH   SOLE 12 49,311 0 0
BRIXMOR PROPERTY GROUP INC EQU 11120U105   1,096,053 46,740 SH   SOLE 12 46,740 0 0
CORPORATE OFFICE PROPERTIES TRUST EQU 22002T108   201,384 8,332 SH   SOLE 12 8,332 0 0
INGERSOLL RAND INC EQU 45687V106   256,555 2,702 SH   SOLE 12 2,702 0 0
KILROY REALTY CORPORATION EQU 49427F108   362,697 9,956 SH   SOLE 12 9,956 0 0
RETAIL OPPORTUNITY INVESTMEN EQU 76131N101   695,511 54,252 SH   SOLE 12 54,252 0 0
REXFORD INDUSTRIAL REALTY REIT INC EQU 76169C100   1,472,683 29,278 SH   SOLE 12 29,278 0 0
BLACKSTONE INC EQU 09260D107   349,444 2,660 SH   SOLE 12 2,660 0 0
TRANE TECHNOLOGIES PLC EQU G8994E103   279,186 930 SH   SOLE 12 930 0 0
MEDICAL PPTYS TRUST INC EQU 58463J304   222,089 47,253 SH   SOLE 12 47,253 0 0
ISHARES TRUST ISHARES 5-10 YEA EQU 464288638   63,718,363 1,234,852 SH   SOLE 12 1,234,852 0 0
ISHARES TRUST ISHARES 1-5 YEAR EQU 464288646   130,971,222 2,554,041 SH   SOLE 12 2,554,041 0 0
ISHARES CORE S&P TOTAL U.S. STOCK EQU 464287150   10,352,556 89,788 SH   SOLE 12 89,788 0 0
ABBOTT LABS EQU 002824100   626,721 5,514 SH   SOLE 12 5,514 0 0
ADVANCED MICRO DEVICES INC EQU 007903107   948,836 5,257 SH   SOLE 12 5,257 0 0
AMAZON COM INC EQU 023135106   5,389,033 29,876 SH   SOLE 12 29,876 0 0
AMERICAN EXPRESS CO EQU 025816109   530,973 2,332 SH   SOLE 12 2,332 0 0
AMGEN INC EQU 031162100   505,805 1,779 SH   SOLE 12 1,779 0 0
ANTHEM INC EQU 036752103   448,019 864 SH   SOLE 12 864 0 0
APPLE INC. EQU 037833100   8,697,466 50,720 SH   SOLE 12 50,720 0 0
APPLIED MATERIALS INC EQU 038222105   581,362 2,819 SH   SOLE 12 2,819 0 0
ARISTA NETWORKS INC EQU 040413106   239,813 827 SH   SOLE 12 827 0 0
AUTOMATIC DATA PROCESSING INC COM EQU 053015103   333,653 1,336 SH   SOLE 12 1,336 0 0
AVALONBAY CMNTYS INC EQU 053484101   3,532,135 19,035 SH   SOLE 12 19,035 0 0
BANK AMER CORP COM EQU 060505104   784,110 20,678 SH   SOLE 12 20,678 0 0
BECTON DICKINSON EQU 075887109   224,190 906 SH   SOLE 12 906 0 0
BERKSHIRE HATHAWAY INC - CL B EQU 084670702   1,774,174 4,219 SH   SOLE 12 4,219 0 0
BOEING CO EQU 097023105   356,067 1,845 SH   SOLE 12 1,845 0 0
BOSTON SCI ENTIFIC CORP COM EQU 101137107   395,804 5,779 SH   SOLE 12 5,779 0 0
CATERPILLAR INC EQU 149123101   555,508 1,516 SH   SOLE 12 1,516 0 0
CHARLES SCHWAB EQU 808513105   327,049 4,521 SH   SOLE 12 4,521 0 0
CHEVRON CORP EQU 166764100   974,360 6,177 SH   SOLE 12 6,177 0 0
CHIPOTLE MEXICAN GRILL EQU 169656105   284,863 98 SH   SOLE 12 98 0 0
CIGNA CORPORATION EQU 125523100   334,498 921 SH   SOLE 12 921 0 0
CITIGROUP INC EQU 172967424   377,669 5,972 SH   SOLE 12 5,972 0 0
COCA COLA CO. EQU 191216100   808,371 13,213 SH   SOLE 12 13,213 0 0
COLGATE PALMOLIVE CO EQU 194162103   212,158 2,356 SH   SOLE 12 2,356 0 0
CSX CORP EQU 126408103   315,243 8,504 SH   SOLE 12 8,504 0 0
CUBESMART EQU 229663109   361,579 7,996 SH   SOLE 12 7,996 0 0
CVS HEALTH CORPORATION EQU 126650100   301,094 3,775 SH   SOLE 12 3,775 0 0
DANAHER CO RP COM EQU 235851102   511,676 2,049 SH   SOLE 12 2,049 0 0
DEERE & CO. EQU 244199105   402,936 981 SH   SOLE 12 981 0 0
DIGITAL REALTY TRUST INC EQU 253868103   6,027,498 41,846 SH   SOLE 12 41,846 0 0
DISNEY WALT CO EQU 254687106   717,641 5,865 SH   SOLE 12 5,865 0 0
ELI LILLY & CO EQU 532457108   2,129,277 2,737 SH   SOLE 12 2,737 0 0
EMERSON ELEC CO EQU 291011104   212,663 1,875 SH   SOLE 12 1,875 0 0
ESSENTIAL PROPERTIES REALTY TRUST EQU 29670E107   1,352,888 50,746 SH   SOLE 12 50,746 0 0
ESSEX PROPERTY EQU 297178105   1,312,916 5,363 SH   SOLE 12 5,363 0 0
FISERV INC COM EQU 337738108   307,494 1,924 SH   SOLE 12 1,924 0 0
FORD MTR C O DEL COM PAR USD0.01 EQU 345370860   165,482 12,461 SH   SOLE 12 12,461 0 0
GENERAL DYNAMICS CORP EQU 369550108   257,631 912 SH   SOLE 12 912 0 0
GILEAD SCIENCES INC EQU 375558103   311,239 4,249 SH   SOLE 12 4,249 0 0
HOME DEPOT INC EQU 437076102   1,193,763 3,112 SH   SOLE 12 3,112 0 0
HONEYWELL INTERNATIONAL INC EQU 438516106   443,340 2,160 SH   SOLE 12 2,160 0 0
ILLINOIS TOOL WKS INC EQU 452308109   364,660 1,359 SH   SOLE 12 1,359 0 0
INTEL CORP EQU 458140100   589,360 13,343 SH   SOLE 12 13,343 0 0
INTERNATIONAL BUSINESS MACHINES CORP EQU 459200101   566,387 2,966 SH   SOLE 12 2,966 0 0
INTUIT INC. EQU 461202103   555,100 854 SH   SOLE 12 854 0 0
ISHARES IBOXX USD HIGH YIELD CORPO EQU 464288513   15,135,974 194,725 SH   SOLE 12 194,725 0 0
ISHARES TRUST RUSSELL 2000 INDEX FUND EQU 464287655   525,750 2,500 SH   SOLE 12 2,500 0 0
JOHNSON & JOHNSON EQU 478160104   1,256,029 7,940 SH   SOLE 12 7,940 0 0
LAM RESEARCH CORP. EQU 512807108   457,609 471 SH   SOLE 12 471 0 0
LENNAR COR P CL A EQU 526057104   230,453 1,340 SH   SOLE 12 1,340 0 0
LOCKHEED MARTIN CORP EQU 539830109   349,340 768 SH   SOLE 12 768 0 0
LOWES COS INC USD0.50 EQU 548661107   496,978 1,951 SH   SOLE 12 1,951 0 0
MARRIOTT I NTL INC NEW CL A EQU 571903202   253,572 1,005 SH   SOLE 12 1,005 0 0
MARSH MCLENNAN COS INC EQU 571748102   390,126 1,894 SH   SOLE 12 1,894 0 0
MARTIN MARIETTA MATERIALS EQU 573284106   235,139 383 SH   SOLE 12 383 0 0
MCDONALDS CORP EQU 580135101   587,302 2,083 SH   SOLE 12 2,083 0 0
MICROSOFT CORP EQU 594918104   9,642,902 22,920 SH   SOLE 12 22,920 0 0
MONDELEZ INTERNATIONAL INC EQU 609207105   325,710 4,653 SH   SOLE 12 4,653 0 0
MOODYS CORP EQU 615369105   313,245 797 SH   SOLE 12 797 0 0
MORGAN STANLEY EQU 617446448   365,717 3,884 SH   SOLE 12 3,884 0 0
NIKE INC CL B EQU 654106103   367,650 3,912 SH   SOLE 12 3,912 0 0
NORFOLK SOUTHERN CORP EQU 655844108   217,914 855 SH   SOLE 12 855 0 0
NORTHROP GRUMMAN CORP EQU 666807102   236,458 494 SH   SOLE 12 494 0 0
PARK HOTELS RESORTS INC EQU 700517105   445,628 25,479 SH   SOLE 12 25,479 0 0
PARKER HAN NIFIN CORP COM EQU 701094104   211,756 381 SH   SOLE 12 381 0 0
PEPSICO INC. EQU 713448108   770,569 4,403 SH   SOLE 12 4,403 0 0
PFIZER INC EQU 717081103   388,778 14,010 SH   SOLE 12 14,010 0 0
PHILIP MORRIS INTL. EQU 718172109   421,727 4,603 SH   SOLE 12 4,603 0 0
PIONEER NA T RES CO COM EQU 723787107   267,225 1,018 SH   SOLE 12 1,018 0 0
PROCTER & GAMBLE CO EQU 742718109   1,242,348 7,657 SH   SOLE 12 7,657 0 0
PROGRESSIVE CORP EQU 743315103   441,147 2,133 SH   SOLE 12 2,133 0 0
QUALCOMM INC EQU 747525103   608,295 3,593 SH   SOLE 12 3,593 0 0
SCHLUMBERGER LTD EQU 806857108   274,653 5,011 SH   SOLE 12 5,011 0 0
SHERWIN WILLIAMS CO EQU 824348106   257,024 740 SH   SOLE 12 740 0 0
SIMON PPTY GROUP INC EQU 828806109   6,896,514 44,070 SH   SOLE 12 44,070 0 0
SOUTHERN CO EQU 842587107   246,140 3,431 SH   SOLE 12 3,431 0 0
STARBUCKS CORP EQU 855244109   316,941 3,468 SH   SOLE 12 3,468 0 0
STRYKER CORP EQU 863667101   375,764 1,050 SH   SOLE 12 1,050 0 0
TARGET CORP EQU 87612E106   249,512 1,408 SH   SOLE 12 1,408 0 0
TEXAS INST RS INC COM EQU 882508104   414,446 2,379 SH   SOLE 12 2,379 0 0
THERMO FIS HER SCIENTIFIC INC COM EQU 883556102   736,974 1,268 SH   SOLE 12 1,268 0 0
TRANSDIGM GROUP INC EQU 893641100   208,140 169 SH   SOLE 12 169 0 0
UNION PACIFIC CORP EQU 907818108   486,204 1,977 SH   SOLE 12 1,977 0 0
UNITED PARCEL SERVICE INC CLASS B EQU 911312106   295,774 1,990 SH   SOLE 12 1,990 0 0
US BANCORP EQU 902973304   231,501 5,179 SH   SOLE 12 5,179 0 0
WALMART INC EQU 931142103   874,751 14,538 SH   SOLE 12 14,538 0 0
WELLS FARGO CO EQU 949746101   707,112 12,200 SH   SOLE 12 12,200 0 0
ALEXANDRIA REAL ESTATE EQU 015271109   791,894 6,143 SH   SOLE 12 6,143 0 0
REALTY INCOME CORP EQU 756109104   3,447,901 63,732 SH   SOLE 12 63,732 0 0
SUN COMMUNITIES EQU 866674104   2,365,615 18,398 SH   SOLE 12 18,398 0 0
ISHARES NATIONAL MUNI BOND ETF EQU 464288414   15,075,836 140,110 SH   SOLE 12 140,110 0 0
AFLAC INC. EQU 001055102   206,150 2,401 SH   SOLE 12 2,401 0 0
AMERICAN INTL GROUP INC EQU 026874784   248,268 3,176 SH   SOLE 12 3,176 0 0
AMPHENOL CORP. EQU 032095101   414,107 3,590 SH   SOLE 12 3,590 0 0
ANALOG DEVICES INC EQU 032654105   326,156 1,649 SH   SOLE 12 1,649 0 0
AUTOZONE INC EQU 053332102   233,222 74 SH   SOLE 12 74 0 0
CADENCE DESIGN SYSTEMS INC EQU 127387108   251,514 808 SH   SOLE 12 808 0 0
KLA CORP EQU 482480100   343,696 492 SH   SOLE 12 492 0 0
MICRON TEC HNOLOGY INC COM EQU 595112103   484,646 4,111 SH   SOLE 12 4,111 0 0
OMEGA HEALTHCARE INVESTORS EQU 681936100   1,785,555 56,380 SH   SOLE 12 56,380 0 0
ONEOK INC EQU 682680103   219,345 2,736 SH   SOLE 12 2,736 0 0
PALO ALTO NETWORKS INC EQU 697435105   327,034 1,151 SH   SOLE 12 1,151 0 0
PHILLIPS 66 EQU 718546104   230,799 1,413 SH   SOLE 12 1,413 0 0
ROPER TECHNOLOGIES INC EQU 776696106   261,912 467 SH   SOLE 12 467 0 0
SYNOPSYS INC EQU 871607107   256,032 448 SH   SOLE 12 448 0 0
T-MOBILE US INC EQU 872590104   347,659 2,130 SH   SOLE 12 2,130 0 0
TJX COMPANIES INC EQU 872540109   374,544 3,693 SH   SOLE 12 3,693 0 0
UNITED RENTALS INC EQU 911363109   200,469 278 SH   SOLE 12 278 0 0
VORNADO RLTY TR EQU 929042109   269,345 9,362 SH   SOLE 12 9,362 0 0
NATIONAL RETAIL PROPERTIES EQU 637417106   724,913 16,961 SH   SOLE 12 16,961 0 0
ISHARES CORE S&P 500 ETF EQU 464287200   49,418,620 94,000 SH   SOLE 12 94,000 0 0
UDR INC EQU 902653104   948,905 25,365 SH   SOLE 12 25,365 0 0
VICI PPTYS INC EQU 925652109   3,694,824 124,029 SH   SOLE 12 124,029 0 0
CINTAS COR P COM EQU 172908105   205,422 299 SH   SOLE 12 299 0 0
AON PLC CLASS A EQU G0403H108   281,993 845 SH   SOLE 12 845 0 0
RAYTHEON TECHNOLOGIES CORP EQU 75513E101   430,107 4,410 SH   SOLE 12 4,410 0 0
ISHARES BROAD USD HIGH YIELD CORPO EQU 46435U853   18,295,000 500,000 SH   SOLE 12 500,000 0 0
MERCADOLIBRE INC EQU 58733R102   211,674 140 SH   SOLE 12 140 0 0
GENERAL ELECTRIC EQU 369604301   571,175 3,254 SH   SOLE 12 3,254 0 0
AIRBNB INC CLASS A EQU 009066101   224,676 1,362 SH   SOLE 12 1,362 0 0
ISHARES MSCI EMERGING MKT INDEX TRADED FUND EQU 464287234   4,106,562 99,965 SH   SOLE 12 99,965 0 0
ISHARES JPMORGAN USD EMERGING MARK EQU 464288281   3,586,800 40,000 SH   SOLE 12 40,000 0 0
SPDR PORTFOLIO SHORT TERM CORPORAT EQU 78464A474   19,317,158 648,880 SH   SOLE 12 648,880 0 0
HEALTHCARE REALTY TRUST INC CLASS EQU 42226K105   772,760 54,612 SH   SOLE 12 54,612 0 0
ISHARES US TECHNOLOGY ETF TRUST EQU 464287721   1,019,703 7,550 SH   SOLE 12 7,550 0 0
ISHARES YEAR INVESTMENT GRADE CO EQU 464289511   8,801,668 170,873 SH   SOLE 12 170,873 0 0
GE HEALTHCARE TECHNOLOGIES WHEN IS EQU 36266G107   236,275 2,599 SH   SOLE 12 2,599 0 0
SAFEHOLD INC EQU 78646V107   1,146,184 55,640 SH   SOLE 12 55,640 0 0
LINDE PLC EQU G54950103   705,302 1,519 SH   SOLE 12 1,519 0 0
ISHARES MBS ETF EQU 464288588   2,588,037 28,003 SH   SOLE 12 28,003 0 0
BROADSTONE NET LEASE INC EQU 11135E203   2,127,234 135,752 SH   SOLE 12 135,752 0 0
ISHARES IBOXX INV GR CORP BD ETF EQU 464287242   10,892,000 100,000 SH   SOLE 12 100,000 0 0
ISHARES MSCI USA QUALITY FACTOR ET EQU 46432F339   4,192,569 25,510 SH   SOLE 12 25,510 0 0
ISHARES -5 YEAR HIGH YIELD CORPORA EQU 46434V407   2,655,120 62,400 SH   SOLE 12 62,400 0 0
SUNSTONE HOTEL INVESTORS INC EQU 867892101   683,250 61,333 SH   SOLE 12 61,333 0 0
APARTMENT INCOME REIT CORP EQU 03750L109   300,802 9,264 SH   SOLE 12 9,264 0 0
EMPIRE STATE REALTY REIT CLASS A I EQU 292104106   139,602 13,781 SH   SOLE 12 13,781 0 0
INDEPENDENCE REALTY TRUST REIT INC EQU 45378A106   233,708 14,489 SH   SOLE 12 14,489 0 0
ISHARES RUSSELL MID-CAP ETF EQU 464287499   1,007,398 11,980 SH   SOLE 12 11,980 0 0
ISHARES CORE US REIT ETF EQU 464288521   236,290 4,392 SH   SOLE 12 4,392 0 0
LEXINGTON REALTY TRUST EQU 529043101   541,660 60,051 SH   SOLE 12 60,051 0 0
MACERICH COMPANY EQU 554382101   495,948 28,784 SH   SOLE 12 28,784 0 0