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
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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 REALTY CORP COMM STK 008492100   63,064,691 1,141,649 SH   SOLE   201,282 0 940,367
AGREE REALTY CORP COMM STK 008492100   1,288,583 23,327 SH   OTR   0 0 23,327
ALEXANDRIA REAL ESTATE EQUITIES INC COMM STK 015271109   38,730,292 386,916 SH   SOLE   53,094 0 333,822
AMERICAN HOMES 4 RENT COMM STK 02665T306   29,616,273 879,082 SH   SOLE   134,375 0 744,707
AMERICAN TOWER CORP COMM STK 03027X100   106,710,947 648,896 SH   SOLE   282,520 0 366,376
AMERICAN TOWER CORP COMM STK 03027X100   1,375,789 8,366 SH   OTR   0 0 8,366
APARTMENT INCOME REIT CORP COMM STK 03750L109   46,676,096 1,520,394 SH   SOLE   181,752 0 1,338,642
APARTMENT INCOME REIT CORP COMM STK 03750L109   1,063,755 34,650 SH   OTR   0 0 34,650
AVALONBAY COMMUNITIES INC COMM STK 053484101   100,351,460 584,322 SH   SOLE   121,326 0 462,996
CAMDEN PROPERTY TRUST COMM STK 133131102   7,504,545 79,346 SH   SOLE   11,474 0 67,872
CROWN CASTLE INTL CORP COMM STK 22822V101   13,315,821 144,690 SH   SOLE   144,690 0 0
CUBESMART COMM STK 229663109   44,391,556 1,164,216 SH   OTR   155,669 0 1,008,547
DIGITAL REALTY TRUST INC COMM STK 253868103   143,968,902 1,189,629 SH   SOLE   220,853 0 968,776
DIGITAL REALTY TRUST INC COMM STK 253868103   584,769 4,832 SH   OTR   0 0 4,832
DOUGLAS EMMETT INC COMM STK 25960P109   13,647,624 1,069,563 SH   SOLE   31,546 0 1,038,017
EQUINIX INC COMM STK 29444U700   107,007,148 147,340 SH   SOLE   16,448 0 130,892
EQUITY LIFESTYLE PROPERTIES INC COMM STK 29472R108   5,747,470 90,213 SH   SOLE   46,835 0 43,378
EQUITY RESIDENTIAL COMM STK 29476L107   5,084,286 86,600 SH   SOLE   86,600 0 0
ESSEX PROPERTY TRUST INC COMM STK 297178105   61,390,299 289,454 SH   SOLE   59,931 0 229,523
ESSEX PROPERTY TRUST INC COMM STK 297178105   727,893 3,432 SH   OTR   0 0 3,432
EXTRA SPACE STORAGE INC COMM STK 30225T102   97,702,174 803,604 SH   SOLE   109,322 0 694,282
EXTRA SPACE STORAGE INC COMM STK 30225T102   1,147,837 9,441 SH   OTR   0 0 9,441
FEDERAL REALTY INVESTMENT TRUST COMM STK 313745101   1,401,502 15,464 SH   SOLE   15,464 0 0
FIRST INDUSTRIAL REALTY TRUST INC COMM STK 32054K103   50,711,047 1,065,582 SH   SOLE   187,273 0 878,309
FIRST INDUSTRIAL REALTY TRUST INC COMM STK 32054K103   1,216,400 25,560 SH   OTR   0 0 25,560
GAMING AND LEISURE PROP INC COMM STK 36467J108   59,527,291 1,306,856 SH   SOLE   152,834 0 1,154,022
GAMING AND LEISURE PROP INC COMM STK 36467J108   1,181,886 25,947 SH   OTR   0 0 25,947
HEALTHCARE REALTY TRUST INC COMM STK 42226K105   39,936,486 2,615,356 SH   SOLE   293,079 0 2,322,277
HEALTHPEAK PROPERTIES INC COMM STK 42250P103   38,206,022 2,080,938 SH   SOLE   379,843 0 1,701,095
HOST HOTELS & RESORTS INC COMM STK 44107P104   27,754,192 1,727,081 SH   SOLE   44,448 0 1,682,633
INVITATION HOMES INC COMM STK 46187W107   104,731,964 3,304,890 SH   SOLE   704,644 0 2,600,246
INVITATION HOMES INC COMM STK 46187W107   1,924,375 60,725 SH   OTR   0 0 60,725
KILROY REALTY CORP COMM STK 49427F108   25,109,814 794,363 SH   SOLE   109,442 0 684,921
KIMCO REALTY CORP COMM STK 49446R109   28,849,060 1,640,083 SH   SOLE   109,750 0 1,530,333
MEDICAL PROPERTIES TRUST INC COMM STK 58463J304   27,608,850 5,065,844 SH   SOLE   592,764 0 4,473,080
NATIONAL HEALTH INVESTORS INC COMM STK 63633D104   25,109,442 488,891 SH   SOLE   88,212 0 400,679
NNN REIT INC COMM STK 637417106   44,277,451 1,252,899 SH   SOLE   133,889 0 1,119,010
OUTFRONT MEDIA INC COMM STK 69007J106   27,975,354 2,769,837 SH   SOLE   364,880 0 2,404,957
OUTFRONT MEDIA INC COMM STK 69007J106   804,081 79,612 SH   OTR   0 0 79,612
PARK HOTELS & RESORTS INC COMM STK 700517105   16,987,481 1,378,854 SH   SOLE   111,402 0 1,267,452
PROLOGIS INC COMM STK 74340W103   176,054,685 1,568,975 SH   SOLE   201,841 0 1,367,134
PUBLIC STORAGE COMM STK 74460D109   105,336,059 399,727 SH   SOLE   98,333 0 301,394
REALTY INCOME CORP COMM STK 756109104   86,285,883 1,727,791 SH   SOLE   192,302 0 1,535,489
REGENCY CENTERS CORP COMM STK 758849103   21,163,969 356,056 SH   SOLE   50,359 0 305,697
RETAIL OPPORTUNITY INVESTMENTS CORP COMM STK 76131N101   26,581,767 2,147,154 SH   SOLE   265,927 0 1,881,227
RETAIL OPPORTUNITY INVESTMENTS CORP COMM STK 76131N101   807,956 65,263 SH   OTR   0 0 65,263
REXFORD INDUSTRIAL REALTY INC COMM STK 76169C100   81,198,467 1,645,359 SH   SOLE   303,975 0 1,341,384
REXFORD INDUSTRIAL REALTY INC COMM STK 76169C100   1,663,539 33,709 SH   OTR   0 0 33,709
SABRA HEALTHCARE REIT INC COMM STK 78573L106   24,314,678 1,744,238 SH   SOLE   195,096 0 1,549,142
SBA COMMUNICATIONS CORP COMM STK 78410G104   3,489,964 17,435 SH   SOLE   17,435 0 0
SIMON PROPERTY GROUP INC COMM STK 828806109   71,488,961 661,751 SH   SOLE   93,656 0 568,095
SPIRIT REALTY CAPITAL INC COMM STK 84860W300   931,899 27,793 SH   SOLE   27,793 0 0
SUN COMMUNITIES INC COMM STK 866674104   33,829,264 285,865 SH   SOLE   28,187 0 257,678
URBAN EDGE PROPERTIES COMM STK 91704F104   850,028 55,703 SH   SOLE   55,703 0 0
VENTAS INC COMM STK 92276F100   47,079,685 1,117,486 SH   SOLE   259,683 0 857,803
VICI PROPERTIES INC COMM STK 925652109   84,332,207 2,898,014 SH   SOLE   521,414 0 2,376,600
WELLTOWER INC COMM STK 95040Q104   57,314,263 699,637 SH   SOLE   84,440 0 615,197
WEYERHAEUSER CO COMM STK 962166104   653,579 21,317 SH   SOLE   21,317 0 0