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      <invstOrSec>
        <name>BRIXMOR PROPERTY GROUP INC</name>
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        <name>MGM GROWTH PROPERTIES LLC-A</name>
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        <name>NATIONAL STORAGE AFFILIATES</name>
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        <name>COUSINS PROPERTIES INC</name>
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        <name>KIMCO REALTY CORP</name>
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        <name>KITE REALTY GROUP TRUST</name>
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        <name>RYMAN HOSPITALITY PROPERTIES</name>
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        <name>PS BUSINESS PARKS INC/CA</name>
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        <name>ACADIA REALTY TRUST</name>
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        <name>JONES LANG LASALLE INC</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PEBBLEBROOK HOTEL TRUST</name>
        <lei>5493004Q1NNH6JXCSI52</lei>
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          <isin value="US70509V1008"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>XENIA HOTELS &amp; RESORTS INC</name>
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        <assetCat>RE</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INDEPENDENCE REALTY TRUST IN</name>
        <lei>549300Z3L8NU44NQEB29</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AG MORTGAGE INVESTMENT TRUST</name>
        <lei>549300SNP0PBR2XTFR48</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CHATHAM LODGING TRUST</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SAFEHOLD INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SABRA HEALTH CARE REIT INC</name>
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        <name>PREFERRED APARTMENT COMMUN-A</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MID-AMERICA APARTMENT COMM</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PARK HOTELS &amp; RESORTS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>AMERICAN HOMES 4 RENT- A</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ESSEX PROPERTY TRUST INC</name>
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        <name>EASTGROUP PROPERTIES INC</name>
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        <name>SIMON PROPERTY GROUP INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
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      <invstOrSec>
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      </invstOrSec>
      <invstOrSec>
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      </invstOrSec>
      <invstOrSec>
        <name>LAMAR ADVERTISING CO-A</name>
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        <valUSD>159476.16000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2021-04-30</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>
  <documents>XXXX</documents>
</edgarSubmission>
