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   20,940,932 379,090 SH   DFND 1,2,3 307,240 0 71,850
ALEXANDRIA REAL ESTATE EQ IN COM 015271109   34,767,733 347,330 SH   DFND 1,2,3 295,370 0 51,960
AMERICAN HOMES 4 RENT COM 02665T306   61,071,177 1,812,739 SH   DFND 1,2,3 1,405,863 0 406,876
AMERICAN TOWER CORP NEW COM 03027X100   47,785,388 290,577 SH   DFND 1,2,3 290,577 0 0
AMERICOLD REALTY TRUST INC COM 03064D108   7,411,738 243,727 SH   DFND 1,2,3 243,727 0 0
AVALONBAY CMNTYS INC COM 053484101   136,001,249 791,902 SH   DFND 1,2,3 613,433 0 178,469
BRIXMOR PPTY GROUP INC COM 11120U105   40,514,932 1,949,708 SH   DFND 1,2,3 1,568,488 0 381,220
BROADSTONE NET LEASE INC COM 11135E203   29,327,727 2,050,890 SH   DFND 1,2,3 1,780,700 0 270,190
CAMDEN PPTY TR COM 133131102   18,523,020 195,845 SH   DFND 1,2,3 136,145 0 59,700
COUSINS PPTYS INC COM 222795502   44,623,541 2,190,650 SH   DFND 1,2,3 1,764,190 0 426,460
CUBESMART COM 229663109   6,685,790 175,342 SH   DFND 1,2,3 175,342 0 0
DIGITAL RLTY TR INC COM 253868103   120,600,666 996,535 SH   DFND 1,2,3 810,105 0 186,430
EASTGROUP PPTYS INC COM 277276101   51,500,069 309,254 SH   DFND 1,2,3 268,184 0 41,070
EQUINIX INC COM 29444U700   223,877,634 308,261 SH   DFND 1,2,3 269,011 0 39,250
EQUITY LIFESTYLE PPTYS INC COM 29472R108   9,954,242 156,243 SH   DFND 1,2,3 98,203 0 58,040
EQUITY RESIDENTIAL COM 29476L107   24,476,258 416,901 SH   DFND 1,2,3 275,071 0 141,830
ESSENTIAL PPTYS RLTY TR INC COM 29670E107   28,710,234 1,327,334 SH   DFND 1,2,3 1,115,604 0 211,730
ESSEX PPTY TR INC COM 297178105   60,266,222 284,154 SH   DFND 1,2,3 213,204 0 70,950
EXTRA SPACE STORAGE INC COM 30225T102   108,641,700 893,582 SH   DFND 1,2,3 790,302 0 103,280
FIRST INDL RLTY TR INC COM 32054K103   17,549,288 368,760 SH   DFND 1,2,3 368,760 0 0
GAMING & LEISURE PPTYS INC COM 36467J108   2,347,647 51,540 SH   DFND 1,2,3 51,540 0 0
HEALTHCARE RLTY TR COM 42226K105   29,695,722 1,944,710 SH   DFND 1,2,3 1,625,400 0 319,310
HEALTHPEAK PROPERTIES INC COM 42250P103   22,050,727 1,201,020 SH   DFND 1,2,3 990,770 0 210,250
INDEPENDENCE RLTY TR INC COM 45378A106   4,665,443 331,588 SH   DFND 1,2,3 221,918 0 109,670
INVITATION HOMES INC COM 46187W107   60,945,067 1,923,164 SH   DFND 1,2,3 1,429,214 0 493,950
IRON MTN INC DEL COM 46284V101   10,759,856 180,990 SH   DFND 1,2,3 180,990 0 0
VERIS RESIDENTIAL INC COM 554489104   9,524,790 577,260 SH   DFND 1,2,3 456,540 0 120,720
MID-AMER APT CMNTYS INC COM 59522J103   17,565,356 136,536 SH   DFND 1,2,3 92,086 0 44,450
NETSTREIT CORP COM 64119V303   34,776,741 2,232,140 SH   DFND 1,2,3 1,814,220 0 417,920
PHYSICIANS RLTY TR COM 71943U104   475,410 39,000 SH   DFND 1,2,3 39,000 0 0
PROLOGIS INC. COM 74340W103   274,377,463 2,445,214 SH   DFND 1,2,3 2,175,617 0 269,597
PUBLIC STORAGE COM 74460D109   85,937,825 326,115 SH   DFND 1,2,3 293,915 0 32,200
REALTY INCOME CORP COM 756109104   24,464,108 489,870 SH   DFND 1,2,3 399,720 0 90,150
REGENCY CTRS CORP COM 758849103   67,781,215 1,140,330 SH   DFND 1,2,3 938,080 0 202,250
REXFORD INDL RLTY INC COM 76169C100   39,535,223 801,119 SH   DFND 1,2,3 698,825 0 102,294
RYMAN HOSPITALITY PPTYS INC COM 78377T107   62,138,956 746,145 SH   DFND 1,2,3 608,121 0 138,024
SIMON PPTY GROUP INC NEW COM 828806109   55,449,098 513,275 SH   DFND 1,2,3 420,015 0 93,260
SUN CMNTYS INC COM 866674104   93,676,406 791,587 SH   DFND 1,2,3 613,939 0 177,648
TANGER FACTORY OUTLET CTRS I COM 875465106   17,161,039 759,338 SH   DFND 1,2,3 611,286 0 148,052
UDR INC COM 902653104   92,574,494 2,595,304 SH   DFND 1,2,3 2,031,334 0 563,970
VENTAS INC COM 92276F100   102,070,331 2,422,747 SH   DFND 1,2,3 2,094,517 0 328,230
VICI PPTYS INC COM 925652109   116,371,744 3,999,029 SH   DFND 1,2,3 3,306,733 0 692,296
WP CAREY INC COM 92936U109   8,320,749 153,860 SH   DFND 1,2,3 153,860 0 0
WELLTOWER INC COM 95040Q104   63,331,942 773,095 SH   DFND 1,2,3 705,459 0 67,636