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      <invstOrSec>
        <name>KITE REALTY GROUP TRUST</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NEWMARK GROUP INC-CLASS A</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>WEYERHAEUSER CO</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>XENIA HOTELS &amp; RESORTS INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EASTERLY GOVERNMENT PROPERTI</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DOUGLAS EMMETT INC</name>
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      <invstOrSec>
        <name>TERRENO REALTY CORP</name>
        <lei>N/A</lei>
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        <name>WALKER &amp; DUNLOP INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>EQUITY LIFESTYLE PROPERTIES</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PS BUSINESS PARKS INC/CA</name>
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        <name>ARMADA HOFFLER PROPERTIES IN</name>
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        <name>NATIONAL STORAGE AFFILIATES</name>
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        <name>INVESTORS REAL ESTATE TRUST</name>
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        <name>KILROY REALTY CORP</name>
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        <name>HILTON WORLDWIDE HLDGS</name>
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        <name>UNIVERSAL HEALTH RLTY INCOME</name>
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        <name>HIGHWOODS PROPERTIES INC</name>
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        <name>HEALTHPEAK PROPERTIES INC</name>
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        <name>UMH PROPERTIES INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FRANKLIN STREET PROPERTIES C</name>
        <lei>549300STLK2T6QY5WO82</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HEALTHCARE TRUST OF AME-CL A</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>REALTY INCOME CORP</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EXTRA SPACE STORAGE INC</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>LAMAR ADVERTISING CO-A</name>
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      <invstOrSec>
        <name>MEDICAL PROPERTIES TRUST INC</name>
        <lei>254900U6E39J1MQCCY14</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>WEINGARTEN REALTY INVESTORS</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CAMDEN PROPERTY TRUST</name>
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        <fairValLevel>1</fairValLevel>
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        <name>INVITATION HOMES INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>LIFE STORAGE INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>STORE CAPITAL CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>RYMAN HOSPITALITY PROPERTIES</name>
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        <name>BRIXMOR PROPERTY GROUP INC</name>
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        <name>POTLATCHDELTIC CORP</name>
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        <name>KIMCO REALTY CORP</name>
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        <name>COMMUNITY HEALTHCARE TRUST I</name>
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        <name>HUDSON PACIFIC PROPERTIES IN</name>
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    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-01-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Pioneer Variable Contracts Trust /MA/</ncom:nameOfApplicant>
      <ncom:signature>Mark E. Bradley </ncom:signature>
      <ncom:signerName>Mark E. Bradley </ncom:signerName>
      <ncom:title>Treasurer and Chief Accounting and Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
