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 COMM STK 008492100   50,839 716,746 SH   SOLE   77,431 0 639,315
ALEXANDRIA REAL ESTATE EQUITIES INC COMM STK 015271109   54,225 372,248 SH   SOLE   48,105 0 324,143
AMERICAN HOMES 4 RENT COMM STK 02665T306   32,941 1,092,949 SH   SOLE   187,732 0 905,217
AMERICAN TOWER CORP COMM STK 03027X100   50,145 236,691 SH   SOLE   236,691 0 0
AMERICOLD REALTY TRUST COMM STK 03064D108   12,445 439,581 SH   SOLE   4,382 0 435,199
APARTMENT INCOME REIT CORP COMM STK 03750L109   18,868 549,918 SH   SOLE   13,328 0 536,590
AVALONBAY COMMUNITIES INC COMM STK 053484101   101,383 627,681 SH   SOLE   106,016 0 521,665
CAMDEN PROPERTY TRUST COMM STK 133131102   9,479 84,723 SH   SOLE   8,633 0 76,090
CROWN CASTLE INTL CORP COMM STK 22822V101   15,438 113,813 SH   SOLE   113,813 0 0
CUBESMART COMM STK 229663109   116,602 2,896,935 SH   SOLE   391,249 0 2,505,686
CUBESMART COMM STK 229663109   1,947 48,377 SH   OTR   0 0 48,377
DIGITAL REALTY TRUST INC COMM STK 253868103   121,262 1,209,355 SH   SOLE   206,081 0 1,003,274
DIGITAL REALTY TRUST INC COMM STK 253868103   981 9,787 SH   OTR   0 0 9,787
DOUGLAS EMMETT INC COMM STK 25960P109   23,003 1,466,998 SH   SOLE   62,987 0 1,404,011
EQUINIX INC COMM STK 29444U700   124,380 189,885 SH   SOLE   26,161 0 163,724
EQUITY LIFESTYLE PROPERTIES INC COMM STK 29472R108   55,791 863,639 SH   SOLE   131,806 0 731,833
EQUITY RESIDENTIAL COMM STK 29476L107   6,113 103,610 SH   SOLE   103,610 0 0
ESSEX PROPERTY TRUST INC COMM STK 297178105   101,879 480,741 SH   SOLE   75,323 0 405,418
ESSEX PROPERTY TRUST INC COMM STK 297178105   1,933 9,120 SH   OTR   0 0 9,120
FEDERAL REALTY INVESTMENT TRUST COMM STK 313745101   1,562 15,464 SH   SOLE   15,464 0 0
FIRST INDUSTRIAL REALTY TRUST INC COMM STK 32054K103   57,242 1,186,118 SH   SOLE   140,877 0 1,045,241
FIRST INDUSTRIAL REALTY TRUST INC COMM STK 32054K103   1,703 35,278 SH   OTR   0 0 35,278
GAMING AND LEISURE PROP INC COMM STK 36467J108   69,865 1,341,228 SH   SOLE   160,576 0 1,180,652
GAMING AND LEISURE PROP INC COMM STK 36467J108   1,072 20,572 SH   OTR   0 0 20,572
HEALTHCARE REALTY TRUST INC COMM STK 42226K105   32,195 1,670,715 SH   SOLE   190,868 0 1,479,847
HEALTHPEAK PROPERTIES INC COMM STK 42250P103   1,829 72,963 SH   SOLE   72,963 0 0
HIGHWOODS PROPERTIES INC COMM STK 431284108   15,435 551,642 SH   SOLE   24,017 0 527,625
HOST HOTELS & RESORTS INC COMM STK 44107P104   20,999 1,308,325 SH   SOLE   39,388 0 1,268,937
INVITATION HOMES INC COMM STK 46187W107   109,279 3,686,875 SH   SOLE   588,013 0 3,098,862
INVITATION HOMES INC COMM STK 46187W107   1,969 66,447 SH   OTR   0 0 66,447
KILROY REALTY CORP COMM STK 49427F108   32,785 847,814 SH   SOLE   85,775 0 762,039
LIFE STORAGE INC COMM STK 53223X107   47,791 485,187 SH   SOLE   7,868 0 477,319
MEDICAL PROPERTIES TRUST INC COMM STK 58463J304   31,160 2,797,160 SH   SOLE   325,937 0 2,471,223
NATIONAL HEALTH INVESTORS INC COMM STK 63633D104   16,570 317,319 SH   SOLE   39,616 0 277,703
NATIONAL RETAIL PROPERTIES INC COMM STK 637417106   58,065 1,268,913 SH   SOLE   118,869 0 1,150,044
OUTFRONT MEDIA INC COMM STK 69007J106   26,969 1,626,573 SH   SOLE   238,733 0 1,387,840
OUTFRONT MEDIA INC COMM STK 69007J106   992 59,821 SH   OTR   0 0 59,821
PARK HOTELS & RESORTS INC COMM STK 700517105   37,918 3,216,120 SH   SOLE   233,707 0 2,982,413
PROLOGIS INC COMM STK 74340W103   183,270 1,625,747 SH   SOLE   201,369 0 1,424,378
PUBLIC STORAGE COMM STK 74460D109   127,425 454,782 SH   SOLE   109,407 0 345,375
REALTY INCOME CORP COMM STK 756109104   94,608 1,491,527 SH   SOLE   164,709 0 1,326,818
REGENCY CENTERS CORP COMM STK 758849103   30,069 481,096 SH   SOLE   53,225 0 427,871
RETAIL OPPORTUNITY INVESTMENTS CORP COMM STK 76131N101   15,800 1,051,222 SH   SOLE   20,836 0 1,030,386
REXFORD INDUSTRIAL REALTY INC COMM STK 76169C100   88,043 1,611,331 SH   SOLE   233,519 0 1,377,812
REXFORD INDUSTRIAL REALTY INC COMM STK 76169C100   1,967 35,991 SH   OTR   0 0 35,991
SABRA HEALTHCARE REIT INC COMM STK 78573L106   27,253 2,192,544 SH   SOLE   290,910 0 1,901,634
SBA COMMUNICATIONS CORP COMM STK 78410G104   6,186 22,068 SH   SOLE   22,068 0 0
SIMON PROPERTY GROUP INC COMM STK 828806109   83,282 708,900 SH   SOLE   82,181 0 626,719
SITE CENTERS CORP COMM STK 82981J109   15,543 1,137,831 SH   SOLE   23,857 0 1,113,974
SUN COMMUNITIES INC COMM STK 866674104   6,298 44,042 SH   SOLE   11,186 0 32,856
TERRENO REALTY CORP COMM STK 88146M101   466 8,198 SH   SOLE   8,198 0 0
URBAN EDGE PROPERTIES COMM STK 91704F104   45,582 3,235,028 SH   SOLE   388,637 0 2,846,391
URBAN EDGE PROPERTIES COMM STK 91704F104   1,349 95,714 SH   OTR   0 0 95,714
VENTAS INC COMM STK 92276F100   49,509 1,098,973 SH   SOLE   238,573 0 860,400
VICI PROPERTIES INC COMM STK 925652109   101,327 3,127,390 SH   SOLE   541,896 0 2,585,494
WELLTOWER INC COMM STK 95040Q104   92,777 1,415,368 SH   SOLE   175,581 0 1,239,787
WEYERHAEUSER CO COMM STK 962166104   594 19,164 SH   SOLE   19,164 0 0