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
Agree Realty Corp. STOCK 008492100   585,173 8,250 SH   SOLE   0 0 0
Alexandria Real Estate Equities, Inc. STOCK 015271109   2,002,963 13,750 SH   SOLE   0 0 0
American Assets Trust, Inc. STOCK 024013104   92,750 3,500 SH   SOLE   0 0 0
American Homes 4 Rent STOCK 02665T306   453,607 15,050 SH   SOLE   0 0 0
American Tower Corp. STOCK 03027X100   1,707,592 8,060 SH   SOLE   0 0 0
Americold Realty Trust STOCK 03064D108   161,367 5,700 SH   SOLE   0 0 0
Apartment Income REIT Corp. STOCK 03750L109   888,698 25,902 SH   SOLE   0 0 0
Apple Hospitality REIT, Inc. STOCK 03784Y200   673,964 42,710 SH   SOLE   0 0 0
AvalonBay Communities, Inc. STOCK 053484101   2,485,793 15,390 SH   SOLE   0 0 0
Black Stone Minerals, L.P. STOCK 09225M101   320,530 19,000 SH   SOLE   0 0 0
Blackstone Mortgage Trust, Inc. STOCK 09257W100   565,239 26,700 SH   SOLE   0 0 0
Blackstone Group LP/The STOCK 09260D107   244,827 3,300 SH   SOLE   0 0 0
Boston Properties, Inc. STOCK 101121101   474,074 7,015 SH   SOLE   0 0 0
Brixmor Property Group, Inc. STOCK 11120U105   1,087,593 47,975 SH   SOLE   0 0 0
Camden Property Trust STOCK 133131102   1,521,568 13,600 SH   SOLE   0 0 0
Cheniere Energy Partners LP STOCK 16411Q101   767,745 13,500 SH   SOLE   0 0 0
City Office REIT, Inc. STOCK 178587101   251,400 30,000 SH   SOLE   0 0 0
Cousins Properties, Inc. STOCK 222795502   25,290 1,000 SH   SOLE   0 0 0
Crown Castle International Corp. STOCK 22822V101   1,835,209 13,530 SH   SOLE   0 0 0
CubeSmart STOCK 229663109   835,188 20,750 SH   SOLE   0 0 0
Digital Realty Trust, Inc. STOCK 253868103   2,665,277 26,581 SH   SOLE   0 0 0
Energy Transfer LP STOCK 29273V100   504,475 42,500 SH   SOLE   0 0 0
Enterprise Products Partners LP STOCK 293792107   168,840 7,000 SH   SOLE   0 0 0
Equinix, Inc. STOCK 29444U700   4,591,760 7,010 SH   SOLE   0 0 0
Equity LifeStyle Properties, Inc. STOCK 29472R108   2,225,470 34,450 SH   SOLE   0 0 0
Equity Residential STOCK 29476L107   1,812,185 30,715 SH   SOLE   0 0 0
Essex Property Trust, Inc. STOCK 297178105   1,533,453 7,236 SH   SOLE   0 0 0
Extra Space Storage, Inc. STOCK 30225T102   1,971,476 13,395 SH   SOLE   0 0 0
Federal Realty Investment Trust STOCK 313745101   1,384,248 13,700 SH   SOLE   0 0 0
Four Corners Property Trust, Inc. STOCK 35086T109   129,650 5,000 SH   SOLE   0 0 0
Gaming and Leisure Properties, Inc. STOCK 36467J108   1,765,070 33,885 SH   SOLE   0 0 0
Getty Realty Corp. STOCK 374297109   33,850 1,000 SH   SOLE   0 0 0
Gladstone Commercial Corp. STOCK 376536108   416,250 22,500 SH   SOLE   0 0 0
Global Medical REIT, Inc. STOCK 37954A204   142,200 15,000 SH   SOLE   0 0 0
Hannon Armstrong Sustainable Infrastructure STOCK 41068X100   136,699 4,717 SH   SOLE   0 0 0
Healthcare Realty Trust, Inc. STOCK 42226K105   192,700 10,000 SH   SOLE   0 0 0
Healthpeak Properties, Inc. STOCK 42250P103   991,970 39,568 SH   SOLE   0 0 0
Hess Midstream LP STOCK 428103105   29,920 1,000 SH   SOLE   0 0 0
Host Hotels & Resorts, Inc. STOCK 44107P104   736,695 45,900 SH   SOLE   0 0 0
Hudson Pacific Properties, Inc. STOCK 444097109   41,353 4,250 SH   SOLE   0 0 0
Innovative Industrial Properties, Inc. STOCK 45781V101   1,388,495 13,700 SH   SOLE   0 0 0
Invitation Homes, Inc. STOCK 46187W107   59,280 2,000 SH   SOLE   0 0 0
Iron Mountain, Inc. STOCK 46284V101   1,121,625 22,500 SH   SOLE   0 0 0
Kilroy Realty Corp. STOCK 49427F108   348,610 9,015 SH   SOLE   0 0 0
Kimco Realty Corp. STOCK 49446R109   626,271 29,569 SH   SOLE   0 0 0
Lexington Realty Trust STOCK 529043101   27,054 2,700 SH   SOLE   0 0 0
Life Storage, Inc. STOCK 53223X107   2,546,225 25,850 SH   SOLE   0 0 0
MPLX LP STOCK 55336V100   295,560 9,000 SH   SOLE   0 0 0
Magellan Midstream Partners LP STOCK 559080106   30,126 600 SH   SOLE   0 0 0
Medical Properties Trust, Inc. STOCK 58463J304   328,630 29,500 SH   SOLE   0 0 0
Mid-America Apartment Communities, Inc. STOCK 59522J103   2,766,478 17,622 SH   SOLE   0 0 0
National Retail Properties, Inc. STOCK 637417106   812,240 17,750 SH   SOLE   0 0 0
Omega Healthcare Investors, Inc. STOCK 681936100   307,450 11,000 SH   SOLE   0 0 0
One Liberty Properties, Inc. STOCK 682406103   55,550 2,500 SH   SOLE   0 0 0
Park Hotels & Resorts, Inc. STOCK 700517105   109,058 9,250 SH   SOLE   0 0 0
Pebblebrook Hotel Trust STOCK 70509V100   566,143 42,281 SH   SOLE   0 0 0
Physicians Realty Trust STOCK 71943U104   236,585 16,350 SH   SOLE   0 0 0
Plains All American Pipeline LP STOCK 726503105   129,360 11,000 SH   SOLE   0 0 0
Plains GP Holdings LP STOCK 72651A207   62,200 5,000 SH   SOLE   0 0 0
Prologis, Inc. STOCK 74340W103   9,858,351 87,451 SH   SOLE   0 0 0
Public Storage STOCK 74460D109   2,542,724 9,075 SH   SOLE   0 0 0
Realty Income Corp. STOCK 756109104   1,997,094 31,485 SH   SOLE   0 0 0
Regency Centers Corp. STOCK 758849103   1,875,000 30,000 SH   SOLE   0 0 0
Rexford Industrial Realty, Inc. STOCK 76169C100   792,280 14,500 SH   SOLE   0 0 0
Simon Property Group, Inc. STOCK 828806109   2,431,836 20,700 SH   SOLE   0 0 0
STAG Industrial, Inc. STOCK 85254J102   1,484,645 45,950 SH   SOLE   0 0 0
Starwood Property Trust, Inc. STOCK 85571B105   513,240 28,000 SH   SOLE   0 0 0
STORE Capital Corp. STOCK 862121100   96,180 3,000 SH   SOLE   0 0 0
Summit Hotel Properties, Inc. STOCK 866082100   64,980 9,000 SH   SOLE   0 0 0
Sun Communities, Inc. STOCK 866674104   3,839,550 26,850 SH   SOLE   0 0 0
Sunstone Hotel Investors, Inc. STOCK 867892101   151,662 15,700 SH   SOLE   0 0 0
Tanger Factory Outlet Centers, Inc. STOCK 875465106   450,294 25,100 SH   SOLE   0 0 0
Terreno Realty Corp. STOCK 88146M101   2,382,853 41,900 SH   SOLE   0 0 0
UDR, Inc. STOCK 902653104   1,824,183 47,100 SH   SOLE   0 0 0
UMH Properties, Inc. STOCK 903002103   169,050 10,500 SH   SOLE   0 0 0
Ventas, Inc. STOCK 92276F100   272,553 6,050 SH   SOLE   0 0 0
VICI Properties, Inc. STOCK 925652109   3,022,823 93,297 SH   SOLE   0 0 0
Viper Energy Partners LP STOCK 92763M105   190,740 6,000 SH   SOLE   0 0 0
WP Carey, Inc. STOCK 92936U109   2,356,223 30,150 SH   SOLE   0 0 0
Welltower, Inc. STOCK 95040Q104   1,407,686 21,475 SH   SOLE   0 0 0
Western Midstream Partners LP STOCK 958669103   100,688 3,750 SH   SOLE   0 0 0
Weyerhaeuser Co. STOCK 962166104   102,300 3,300 SH   SOLE   0 0 0
AES Corp. STOCK 00130H105   201,320 7,000 SH   SOLE   0 0 0
AT&T, Inc. STOCK 00206R102   119,665 6,500 SH   SOLE   0 0 0
Abbott Laboratories STOCK 002824100   340,349 3,100 SH   SOLE   0 0 0
AbbVie, Inc. STOCK 00287Y109   4,033,301 24,957 SH   SOLE   0 0 0
Adobe Systems, Inc. STOCK 00724F101   538,448 1,600 SH   SOLE   0 0 0
Advanced Micro Devices, Inc. STOCK 007903107   136,017 2,100 SH   SOLE   0 0 0
Alphabet, Inc. STOCK 02079K305   3,202,749 36,300 SH   SOLE   0 0 0
Altria Group, Inc. STOCK 02209S103   578,232 12,650 SH   SOLE   0 0 0
Amazon.com, Inc. STOCK 023135106   974,400 11,600 SH   SOLE   0 0 0
American Electric Power Co., Inc. STOCK 025537101   175,658 1,850 SH   SOLE   0 0 0
American Express Co. STOCK 025816109   738,750 5,000 SH   SOLE   0 0 0
American Tower Corp. STOCK 03027X100   220,334 1,040 SH   SOLE   0 0 0
Amgen, Inc. STOCK 031162100   709,128 2,700 SH   SOLE   0 0 0
Antero Midstream Corp. STOCK 03676B102   53,950 5,000 SH   SOLE   0 0 0
Apple, Inc. STOCK 037833100   6,572,119 50,582 SH   SOLE   0 0 0
Applied Materials, Inc. STOCK 038222105   1,384,744 14,220 SH   SOLE   0 0 0
Baker Hughes Co. STOCK 05722G100   258,388 8,750 SH   SOLE   0 0 0
Bank of America Corp. STOCK 060505104   1,021,752 30,850 SH   SOLE   0 0 0
Berkshire Hathaway, Inc. STOCK 084670702   1,164,553 3,770 SH   SOLE   0 0 0
Blackstone Group LP/The STOCK 09260D107   834,638 11,250 SH   SOLE   0 0 0
Boeing Co./The STOCK 097023105   639,094 3,355 SH   SOLE   0 0 0
Bristol-Myers Squibb Co. STOCK 110122108   1,197,968 16,650 SH   SOLE   0 0 0
CF Industries Holdings, Inc. STOCK 125269100   698,640 8,200 SH   SOLE   0 0 0
CME Group, Inc. STOCK 12572Q105   236,097 1,404 SH   SOLE   0 0 0
CSX Corp. STOCK 126408103   1,317,425 42,525 SH   SOLE   0 0 0
CNX Resources Corp. STOCK 12653C108   67,360 4,000 SH   SOLE   0 0 0
CVS Health Corp. STOCK 126650100   709,269 7,611 SH   SOLE   0 0 0
The Carlyle Group, Inc. STOCK 14316J108   180,532 6,050 SH   SOLE   0 0 0
Caterpillar, Inc. STOCK 149123101   2,716,610 11,340 SH   SOLE   0 0 0
Centene Corp. STOCK 15135B101   803,698 9,800 SH   SOLE   0 0 0
Cheniere Energy, Inc. STOCK 16411R208   1,971,974 13,150 SH   SOLE   0 0 0
Chevron Corp. STOCK 166764100   3,044,150 16,960 SH   SOLE   0 0 0
Cisco Systems, Inc. STOCK 17275R102   821,790 17,250 SH   SOLE   0 0 0
Citigroup, Inc. STOCK 172967424   777,956 17,200 SH   SOLE   0 0 0
Coca-Cola Co./The STOCK 191216100   502,519 7,900 SH   SOLE   0 0 0
Cognizant Technology Solutions Corp. STOCK 192446102   263,074 4,600 SH   SOLE   0 0 0
Colgate-Palmolive Co. STOCK 194162103   118,185 1,500 SH   SOLE   0 0 0
ConAgra Foods, Inc. STOCK 205887102   274,770 7,100 SH   SOLE   0 0 0
ConocoPhillips STOCK 20825C104   1,215,400 10,300 SH   SOLE   0 0 0
Constellation Brands, Inc. STOCK 21036P108   324,450 1,400 SH   SOLE   0 0 0
Corning, Inc. STOCK 219350105   319,400 10,000 SH   SOLE   0 0 0
Corteva, Inc. STOCK 22052L104   425,156 7,233 SH   SOLE   0 0 0
Costco Wholesale Corp. STOCK 22160K105   2,944,882 6,451 SH   SOLE   0 0 0
Crown Castle International Corp. STOCK 22822V101   364,872 2,690 SH   SOLE   0 0 0
Cummins, Inc. STOCK 231021106   860,130 3,550 SH   SOLE   0 0 0
Deere & Co. STOCK 244199105   2,673,319 6,235 SH   SOLE   0 0 0
Dell Technolodies, Inc. STOCK 24703L202   65,317 1,624 SH   SOLE   0 0 0
Devon Energy Corp. STOCK 25179M103   664,308 10,800 SH   SOLE   0 0 0
Diamondback Energy, Inc. STOCK 25278X109   362,467 2,650 SH   SOLE   0 0 0
Walt Disney Co./The STOCK 254687106   1,646,376 18,950 SH   SOLE   0 0 0
Dominion Resources, Inc. STOCK 25746U109   797,160 13,000 SH   SOLE   0 0 0
Dow, Inc. STOCK 260557103   306,522 6,083 SH   SOLE   0 0 0
Duke Energy Corp. STOCK 26441C204   205,980 2,000 SH   SOLE   0 0 0
DuPont de Nemours, Inc. STOCK 26614N102   446,095 6,500 SH   SOLE   0 0 0
EOG Resources, Inc. STOCK 26875P101   569,888 4,400 SH   SOLE   0 0 0
Edison International STOCK 281020107   165,412 2,600 SH   SOLE   0 0 0
Edwards LifeSciences Corp. STOCK 28176E108   223,830 3,000 SH   SOLE   0 0 0
Enbridge, Inc. STOCK 29250N105   117,300 3,000 SH   SOLE   0 0 0
Equinix, Inc. STOCK 29444U700   736,909 1,125 SH   SOLE   0 0 0
Exxon Mobil Corp. STOCK 30231G102   832,765 7,550 SH   SOLE   0 0 0
FedEx Corp. STOCK 31428X106   259,800 1,500 SH   SOLE   0 0 0
Goldman Sachs Group, Inc./The STOCK 38141G104   1,000,953 2,915 SH   SOLE   0 0 0
HP, Inc. STOCK 40434L105   419,172 15,600 SH   SOLE   0 0 0
Halliburton Co. STOCK 406216101   157,400 4,000 SH   SOLE   0 0 0
Home Depot, Inc./The STOCK 437076102   1,970,335 6,238 SH   SOLE   0 0 0
Honeywell International, Inc. STOCK 438516106   1,907,270 8,900 SH   SOLE   0 0 0
Humana, Inc. STOCK 444859102   691,457 1,350 SH   SOLE   0 0 0
International Business Machines Corp. STOCK 459200101   375,895 2,668 SH   SOLE   0 0 0
International Paper Co. STOCK 460146103   17,315 500 SH   SOLE   0 0 0
JPMorgan Chase & Co. STOCK 46625H100   2,815,027 20,992 SH   SOLE   0 0 0
Kinder Morgan, Inc. STOCK 49456B101   411,320 22,750 SH   SOLE   0 0 0
Kroger Co./The STOCK 501044101   401,220 9,000 SH   SOLE   0 0 0
Lamb Weston Holdings, Inc. STOCK 513272104   384,248 4,300 SH   SOLE   0 0 0
Eli Lilly & Co. STOCK 532457108   1,170,688 3,200 SH   SOLE   0 0 0
Lockheed Martin Corp. STOCK 539830109   97,298 200 SH   SOLE   0 0 0
Lowe's Cos., Inc. STOCK 548661107   348,670 1,750 SH   SOLE   0 0 0
Marathon Oil Corp. STOCK 565849106   27,070 1,000 SH   SOLE   0 0 0
Marathon Petroleum Corp. STOCK 56585A102   29,098 250 SH   SOLE   0 0 0
Masco Corp. STOCK 574599106   396,695 8,500 SH   SOLE   0 0 0
MasterCard, Inc. STOCK 57636Q104   834,552 2,400 SH   SOLE   0 0 0
McDonald's Corp. STOCK 580135101   785,319 2,980 SH   SOLE   0 0 0
McKesson Corp. STOCK 58155Q103   1,763,064 4,700 SH   SOLE   0 0 0
Merck & Co., Inc. STOCK 58933Y105   2,035,933 18,350 SH   SOLE   0 0 0
Microsoft Corp. STOCK 594918104   4,901,681 20,439 SH   SOLE   0 0 0
Microchip Technology, Inc. STOCK 595017104   453,113 6,450 SH   SOLE   0 0 0
Mid-America Apartment Communities, Inc. STOCK 59522J103   39,248 250 SH   SOLE   0 0 0
Morgan Stanley STOCK 617446448   255,060 3,000 SH   SOLE   0 0 0
NetApp, Inc. STOCK 64110D104   156,156 2,600 SH   SOLE   0 0 0
NextEra Energy, Inc. STOCK 65339F101   2,393,050 28,625 SH   SOLE   0 0 0
NIKE, Inc. STOCK 654106103   81,907 700 SH   SOLE   0 0 0
NortonLifeLock, Inc. STOCK 668771108   593,611 27,700 SH   SOLE   0 0 0
NVIDIA Corp. STOCK 67066G104   5,245,257 35,892 SH   SOLE   0 0 0
Occidental Petroleum Corp. STOCK 674599105   409,435 6,500 SH   SOLE   0 0 0
ONEOK, Inc. STOCK 682680103   131,400 2,000 SH   SOLE   0 0 0
Oracle Corp. STOCK 68389X105   2,172,241 26,575 SH   SOLE   0 0 0
Palo Alto Networks, Inc. STOCK 697435105   27,908 200 SH   SOLE   0 0 0
Paychex, Inc. STOCK 704326107   444,906 3,850 SH   SOLE   0 0 0
PepsiCo, Inc. STOCK 713448108   433,584 2,400 SH   SOLE   0 0 0
Pfizer, Inc. STOCK 717081103   417,606 8,150 SH   SOLE   0 0 0
Philip Morris International, Inc. STOCK 718172109   743,894 7,350 SH   SOLE   0 0 0
Phillips 66 STOCK 718546104   754,580 7,250 SH   SOLE   0 0 0
Pioneer Natural Resources Co. STOCK 723787107   1,730,054 7,575 SH   SOLE   0 0 0
Procter & Gamble Co./The STOCK 742718109   1,101,083 7,265 SH   SOLE   0 0 0
Prologis, Inc. STOCK 74340W103   732,745 6,500 SH   SOLE   0 0 0
QUALCOMM, Inc. STOCK 747525103   390,287 3,550 SH   SOLE   0 0 0
Quest Diagnostics, Inc. STOCK 74834L100   703,980 4,500 SH   SOLE   0 0 0
Raytheon Technologies Corp. STOCK 75513E101   211,932 2,100 SH   SOLE   0 0 0
SVB Financial Group STOCK 78486Q101   138,084 600 SH   SOLE   0 0 0
Schlumberger Ltd. STOCK 806857108   26,730 500 SH   SOLE   0 0 0
Signature Bank STOCK 82669G104   152,667 1,325 SH   SOLE   0 0 0
Sun Communities, Inc. STOCK 866674104   471,900 3,300 SH   SOLE   0 0 0
Target Corp. STOCK 87612E106   1,703,527 11,430 SH   SOLE   0 0 0
Targa Resources Corp. STOCK 87612G101   411,600 5,600 SH   SOLE   0 0 0
Terreno Realty Corp. STOCK 88146M101   118,005 2,075 SH   SOLE   0 0 0
Texas Instruments, Inc. STOCK 882508104   1,722,419 10,425 SH   SOLE   0 0 0
Thermo Fisher Scientific, Inc. STOCK 883556102   820,528 1,490 SH   SOLE   0 0 0
UGI Corp. STOCK 902681105   37,070 1,000 SH   SOLE   0 0 0
Union Pacific Corp. STOCK 907818108   155,303 750 SH   SOLE   0 0 0
United Parcel Service, Inc. STOCK 911312106   425,908 2,450 SH   SOLE   0 0 0
UnitedHealth Group, Inc. STOCK 91324P102   1,338,705 2,525 SH   SOLE   0 0 0
Valero Energy Corp. STOCK 91913Y100   2,101,436 16,565 SH   SOLE   0 0 0
Verizon Communications, Inc. STOCK 92343V104   1,124,476 28,540 SH   SOLE   0 0 0
VICI Properties, Inc. STOCK 925652109   99,565 3,073 SH   SOLE   0 0 0
Visa, Inc. STOCK 92826C839   1,485,484 7,150 SH   SOLE   0 0 0
WEC Energy Group, Inc. STOCK 92939U106   946,976 10,100 SH   SOLE   0 0 0
Wal-Mart Stores, Inc. STOCK 931142103   1,940,254 13,684 SH   SOLE   0 0 0
Waste Connections, Inc. STOCK 94106B101   1,746,478 13,175 SH   SOLE   0 0 0
Wells Fargo & Co. STOCK 949746101   268,385 6,500 SH   SOLE   0 0 0
WestRock Co. STOCK 96145D105   17,580 500 SH   SOLE   0 0 0
Weyerhaeuser Co. STOCK 962166104   15,500 500 SH   SOLE   0 0 0
Williams Cos, Inc./The STOCK 969457100   1,908,200 58,000 SH   SOLE   0 0 0
Workday, Inc. STOCK 98138H101   1,301,827 7,780 SH   SOLE   0 0 0
Zscaler, Inc. STOCK 98980G102   156,660 1,400 SH   SOLE   0 0 0
Accenture PLC STOCK G1151C101   1,074,031 4,025 SH   SOLE   0 0 0
Johnson Controls International PLC STOCK G51502105   528,192 8,253 SH   SOLE   0 0 0
Linde Public Limited Company STOCK G5494J103   424,034 1,300 SH   SOLE   0 0 0
Medtronic PLC STOCK G5960L103   549,403 7,069 SH   SOLE   0 0 0
Garmin Ltd. STOCK H2906T109   92,290 1,000 SH   SOLE   0 0 0
AbbVie, Inc. STOCK 00287Y109   1,131,270 7,000 SH   SOLE   0 0 0
Blackstone Mortgage Trust, Inc. STOCK 09257W100   244,831 11,565 SH   SOLE   0 0 0
Blackstone Group LP/The STOCK 09260D107   278,213 3,750 SH   SOLE   0 0 0
Chevron Corp. STOCK 166764100   1,166,685 6,500 SH   SOLE   0 0 0
City Office REIT, Inc. STOCK 178587101   83,800 10,000 SH   SOLE   0 0 0
Duke Energy Corp. STOCK 26441C204   308,970 3,000 SH   SOLE   0 0 0
Enbridge, Inc. STOCK 29250N105   977,500 25,000 SH   SOLE   0 0 0
Hannon Armstrong Sustainable Infrastructure STOCK 41068X100   289,800 10,000 SH   SOLE   0 0 0
Kinder Morgan, Inc. STOCK 49456B101   723,200 40,000 SH   SOLE   0 0 0
Medical Properties Trust, Inc. STOCK 58463J304   55,700 5,000 SH   SOLE   0 0 0
Philip Morris International, Inc. STOCK 718172109   1,012,100 10,000 SH   SOLE   0 0 0
Phillips 66 STOCK 718546104   624,480 6,000 SH   SOLE   0 0 0
Physicians Realty Trust STOCK 71943U104   28,940 2,000 SH   SOLE   0 0 0
Simon Property Group, Inc. STOCK 828806109   352,440 3,000 SH   SOLE   0 0 0
Spirit Realty Capital, Inc. STOCK 84860W300   159,720 4,000 SH   SOLE   0 0 0
TC Energy Corp. STOCK 87807B107   597,900 15,000 SH   SOLE   0 0 0
Valero Energy Corp. STOCK 91913Y100   380,580 3,000 SH   SOLE   0 0 0
Verizon Communications, Inc. STOCK 92343V104   394,000 10,000 SH   SOLE   0 0 0
Warner Bros Discovery, Inc. STOCK 934423104   180 19 SH   SOLE   0 0 0
Williams Cos, Inc./The STOCK 969457100   1,398,250 42,500 SH   SOLE   0 0 0
AbbVie, Inc. STOCK 00287Y109   646,440 4,000 SH   SOLE   0 0 0
Alphabet, Inc. STOCK 02079K107   337,174 3,800 SH   SOLE   0 0 0
Alphabet, Inc. STOCK 02079K305   441,150 5,000 SH   SOLE   0 0 0
Amazon.com, Inc. STOCK 023135106   294,000 3,500 SH   SOLE   0 0 0
American Electric Power Co., Inc. STOCK 025537101   109,667 1,155 SH   SOLE   0 0 0
Apple, Inc. STOCK 037833100   422,273 3,250 SH   SOLE   0 0 0
Blackstone Mortgage Trust, Inc. STOCK 09257W100   67,892 3,207 SH   SOLE   0 0 0
Blackstone Group LP/The STOCK 09260D107   408,045 5,500 SH   SOLE   0 0 0
Caterpillar, Inc. STOCK 149123101   167,692 700 SH   SOLE   0 0 0
Cheniere Energy Partners LP STOCK 16411Q101   130,801 2,300 SH   SOLE   0 0 0
Crowdstrike Holdings, Inc. STOCK 22788C105   36,852 350 SH   SOLE   0 0 0
Deere & Co. STOCK 244199105   493,074 1,150 SH   SOLE   0 0 0
Walt Disney Co./The STOCK 254687106   86,880 1,000 SH   SOLE   0 0 0
Dow, Inc. STOCK 260557103   50,390 1,000 SH   SOLE   0 0 0
Duke Energy Corp. STOCK 26441C204   102,990 1,000 SH   SOLE   0 0 0
Energy Transfer LP STOCK 29273V100   178,050 15,000 SH   SOLE   0 0 0
Enterprise Products Partners LP STOCK 293792107   241,200 10,000 SH   SOLE   0 0 0
Fifth Third Bancorp STOCK 316773100   111,554 3,400 SH   SOLE   0 0 0
Home Depot, Inc./The STOCK 437076102   315,860 1,000 SH   SOLE   0 0 0
Kinder Morgan, Inc. STOCK 49456B101   135,600 7,500 SH   SOLE   0 0 0
MPLX LP STOCK 55336V100   290,634 8,850 SH   SOLE   0 0 0
Magellan Midstream Partners LP STOCK 559080106   100,420 2,000 SH   SOLE   0 0 0
MasterCard, Inc. STOCK 57636Q104   69,546 200 SH   SOLE   0 0 0
Microsoft Corp. STOCK 594918104   479,640 2,000 SH   SOLE   0 0 0
NVIDIA Corp. STOCK 67066G104   1,096,050 7,500 SH   SOLE   0 0 0
Prologis, Inc. STOCK 74340W103   338,190 3,000 SH   SOLE   0 0 0
ProShares Short S&P 500 ETF STOCK 74347B425   160,300 10,000 SH   SOLE   0 0 0
Starwood Property Trust, Inc. STOCK 85571B105   76,528 4,175 SH   SOLE   0 0 0
Sun Communities, Inc. STOCK 866674104   102,102 714 SH   SOLE   0 0 0
Terreno Realty Corp. STOCK 88146M101   227,480 4,000 SH   SOLE   0 0 0
Viper Energy Partners LP STOCK 92763M105   101,728 3,200 SH   SOLE   0 0 0
Visa, Inc. STOCK 92826C839   72,716 350 SH   SOLE   0 0 0
WP Carey, Inc. STOCK 92936U109   104,721 1,340 SH   SOLE   0 0 0
Welltower, Inc. STOCK 95040Q104   76,038 1,160 SH   SOLE   0 0 0
Williams Cos, Inc./The STOCK 969457100   82,250 2,500 SH   SOLE   0 0 0
Antero Midstream Corp. STOCK 03676B102   616,109 57,100 SH   SOLE   0 0 0
BP PLC STOCK 055622104   2,772,080 79,361 SH   SOLE   0 0 0
Baker Hughes Co. STOCK 05722G100   1,284,555 43,500 SH   SOLE   0 0 0
Black Stone Minerals, L.P. STOCK 09225M101   7,755,966 459,749 SH   SOLE   0 0 0
CNX Resources Corp. STOCK 12653C108   151,560 9,000 SH   SOLE   0 0 0
Cheniere Energy Partners LP STOCK 16411Q101   12,418,645 218,369 SH   SOLE   0 0 0
Cheniere Energy, Inc. STOCK 16411R208   5,814,699 38,775 SH   SOLE   0 0 0
Chevron Corp. STOCK 166764100   15,594,091 86,880 SH   SOLE   0 0 0
Crestwood Equity Partners LP STOCK 226344208   209,520 8,000 SH   SOLE   0 0 0
DCP Midstream LP STOCK 23311P100   3,510,495 90,500 SH   SOLE   0 0 0
Devon Energy Corp. STOCK 25179M103   615,100 10,000 SH   SOLE   0 0 0
Diamondback Energy, Inc. STOCK 25278X109   465,052 3,400 SH   SOLE   0 0 0
Dominion Resources, Inc. STOCK 25746U109   1,719,535 28,042 SH   SOLE   0 0 0
Duke Energy Corp. STOCK 26441C204   308,970 3,000 SH   SOLE   0 0 0
EOG Resources, Inc. STOCK 26875P101   433,892 3,350 SH   SOLE   0 0 0
Enbridge, Inc. STOCK 29250N105   8,235,516 210,627 SH   SOLE   0 0 0
Energy Transfer LP STOCK 29273V100   8,295,587 698,870 SH   SOLE   0 0 0
Enterprise Products Partners LP STOCK 293792107   12,159,760 504,136 SH   SOLE   0 0 0
Exxon Mobil Corp. STOCK 30231G102   5,533,751 50,170 SH   SOLE   0 0 0
Hess Midstream LP STOCK 428103105   6,996,403 233,837 SH   SOLE   0 0 0
Holly Energy Partners LP STOCK 435763107   678,032 37,419 SH   SOLE   0 0 0
Kinder Morgan, Inc. STOCK 49456B101   6,463,492 357,494 SH   SOLE   0 0 0
MPLX LP STOCK 55336V100   13,871,517 422,397 SH   SOLE   0 0 0
Magellan Midstream Partners LP STOCK 559080106   10,670,378 212,515 SH   SOLE   0 0 0
Marathon Oil Corp. STOCK 565849106   1,415,030 52,273 SH   SOLE   0 0 0
Marathon Petroleum Corp. STOCK 56585A102   11,688,000 100,421 SH   SOLE   0 0 0
NextEra Energy Partners LP STOCK 65341B106   431,054 6,150 SH   SOLE   0 0 0
Occidental Petroleum Corp. STOCK 674599105   346,445 5,500 SH   SOLE   0 0 0
ONEOK, Inc. STOCK 682680103   5,888,100 89,621 SH   SOLE   0 0 0
PPL Corp. STOCK 69351T106   591,705 20,250 SH   SOLE   0 0 0
Phillips 66 STOCK 718546104   14,127,403 135,736 SH   SOLE   0 0 0
Pioneer Natural Resources Co. STOCK 723787107   5,789,001 25,347 SH   SOLE   0 0 0
Plains All American Pipeline LP STOCK 726503105   3,328,080 283,000 SH   SOLE   0 0 0
Plains GP Holdings LP STOCK 72651A207   62,200 5,000 SH   SOLE   0 0 0
Schlumberger Ltd. STOCK 806857108   53,460 1,000 SH   SOLE   0 0 0
Sunoco LP STOCK 86765K109   4,373,529 101,474 SH   SOLE   0 0 0
Targa Resources Corp. STOCK 87612G101   2,039,625 27,750 SH   SOLE   0 0 0
TC Energy Corp. STOCK 87807B107   3,803,760 95,428 SH   SOLE   0 0 0
UGI Corp. STOCK 902681105   2,054,494 55,422 SH   SOLE   0 0 0
USA Compression Partners LP STOCK 90290N109   3,013,167 154,284 SH   SOLE   0 0 0
Valero Energy Corp. STOCK 91913Y100   12,282,458 96,819 SH   SOLE   0 0 0
Viper Energy Partners LP STOCK 92763M105   626,263 19,700 SH   SOLE   0 0 0
Western Midstream Partners LP STOCK 958669103   3,929,498 146,350 SH   SOLE   0 0 0
Williams Cos, Inc./The STOCK 969457100   14,518,178 441,282 SH   SOLE   0 0 0