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

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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 RLTY CORP COM 008492100   25,177,126 366,960 SH   DFND 1,2,3 310,180 0 56,780
ALEXANDRIA REAL ESTATE EQ IN COM 015271109   17,478,486 139,171 SH   DFND 1,2,3 123,651 0 15,520
AMERICAN HOMES 4 RENT COM 02665T306   72,081,796 2,291,949 SH   DFND 1,2,3 1,850,643 0 441,306
AMERICAN TOWER CORP NEW COM 03027X100   19,414,139 95,009 SH   DFND 1,2,3 95,009 0 0
AMERICOLD REALTY TRUST INC COM 03064D108   59,647,616 2,096,577 SH   DFND 1,2,3 1,877,627 0 218,950
AVALONBAY CMNTYS INC COM 053484101   138,661,432 825,071 SH   DFND 1,2,3 664,662 0 160,409
BOSTON PROPERTIES INC COM 101121101   30,467,612 562,964 SH   DFND 1,2,3 482,474 0 80,490
BRIXMOR PPTY GROUP INC COM 11120U105   71,562,285 3,325,385 SH   DFND 1,2,3 2,836,985 0 488,400
BROADSTONE NET LEASE INC COM 11135E203   6,448,491 379,100 SH   DFND 1,2,3 379,100 0 0
CAMDEN PPTY TR COM 133131102   19,485,038 185,855 SH   DFND 1,2,3 130,325 0 55,530
COUSINS PPTYS INC COM 222795502   22,690,594 1,061,300 SH   DFND 1,2,3 890,980 0 170,320
CUBESMART COM 229663109   78,776,259 1,704,376 SH   DFND 1,2,3 1,543,506 0 160,870
DIGITAL RLTY TR INC COM 253868103   61,369,526 624,245 SH   DFND 1,2,3 564,435 0 59,810
EASTGROUP PPTYS INC COM 277276101   64,348,496 389,236 SH   DFND 1,2,3 349,026 0 40,210
EQUINIX INC COM 29444U700   253,100,903 351,022 SH   DFND 1,2,3 317,532 0 33,490
EQUITY LIFESTYLE PPTYS INC COM 29472R108   17,749,373 264,403 SH   DFND 1,2,3 206,363 0 58,040
EQUITY RESIDENTIAL COM 29476L107   32,799,060 546,651 SH   DFND 1,2,3 404,821 0 141,830
ESSENTIAL PPTYS RLTY TR INC COM 29670E107   8,781,344 353,374 SH   DFND 1,2,3 300,374 0 53,000
ESSEX PPTY TR INC COM 297178105   84,064,660 401,954 SH   DFND 1,2,3 321,364 0 80,590
EXTRA SPACE STORAGE INC COM 30225T102   54,734,215 335,937 SH   DFND 1,2,3 313,717 0 22,220
FIRST INDL RLTY TR INC COM 32054K103   23,276,596 437,530 SH   DFND 1,2,3 437,530 0 0
GAMING & LEISURE PPTYS INC COM 36467J108   2,933,060 56,340 SH   DFND 1,2,3 56,340 0 0
HEALTHCARE RLTY TR COM 42226K105   37,236,152 1,926,340 SH   DFND 1,2,3 1,674,750 0 251,590
HEALTHPEAK PROPERTIES INC COM 42250P103   14,977,388 681,720 SH   DFND 1,2,3 602,040 0 79,680
INDEPENDENCE RLTY TR INC COM 45378A106   24,285,338 1,514,993 SH   DFND 1,2,3 1,241,888 0 273,105
INVITATION HOMES INC COM 46187W107   69,385,377 2,221,754 SH   DFND 1,2,3 1,785,364 0 436,390
IRON MTN INC DEL COM 46284V101   7,561,368 142,910 SH   DFND 1,2,3 142,910 0 0
LIFE STORAGE INC COM 53223X107   37,784,071 288,230 SH   DFND 1,2,3 265,970 0 22,260
VERIS RESIDENTIAL INC COM 554489104   11,377,652 777,162 SH   DFND 1,2,3 635,380 0 141,782
MID-AMER APT CMNTYS INC COM 59522J103   25,023,703 165,676 SH   DFND 1,2,3 122,746 0 42,930
NETSTREIT CORP COM 64119V303   40,935,976 2,239,386 SH   DFND 1,2,3 1,908,616 0 330,770
PHILLIPS EDISON & CO INC COM 71844V201   16,785,600 514,580 SH   DFND 1,2,3 431,130 0 83,450
PHYSICIANS RLTY TR COM 71943U104   17,809,176 1,192,845 SH   DFND 1,2,3 1,017,475 0 175,370
PROLOGIS INC. COM 74340W103   350,777,130 2,811,390 SH   DFND 1,2,3 2,582,453 0 228,937
PUBLIC STORAGE COM 74460D109   127,478,909 421,920 SH   DFND 1,2,3 392,540 0 29,380
REALTY INCOME CORP COM 756109104   30,616,486 483,520 SH   DFND 1,2,3 412,270 0 71,250
REGENCY CTRS CORP COM 758849103   31,634,954 517,080 SH   DFND 1,2,3 432,500 0 84,580
REXFORD INDL RLTY INC COM 76169C100   49,799,996 834,870 SH   DFND 1,2,3 769,440 0 65,430
RYMAN HOSPITALITY PPTYS INC COM 78377T107   40,804,359 454,746 SH   DFND 1,2,3 385,406 0 69,340
SIMON PPTY GROUP INC NEW COM 828806109   55,515,286 495,805 SH   DFND 1,2,3 422,225 0 73,580
SUN CMNTYS INC COM 866674104   109,250,468 775,486 SH   DFND 1,2,3 629,768 0 145,718
TANGER FACTORY OUTLET CTRS I COM 875465106   24,546,981 1,250,483 SH   DFND 1,2,3 1,050,751 0 199,732
UDR INC COM 902653104   90,830,756 2,212,147 SH   DFND 1,2,3 1,796,167 0 415,980
VENTAS INC COM 92276F100   103,585,128 2,389,507 SH   DFND 1,2,3 2,145,837 0 243,670
VICI PPTYS INC COM 925652109   113,285,280 3,472,878 SH   DFND 1,2,3 2,994,072 0 478,806
WP CAREY INC COM 92936U109   8,425,011 108,780 SH   DFND 1,2,3 108,780 0 0
WELLTOWER INC COM 95040Q104   70,810,292 987,729 SH   DFND 1,2,3 912,683 0 75,046