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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ABBOTT LABORATORIES COMMON STOCK 002824100 2,745 66,000 SH   SOLE 0 0 0 66,000
ABBVIE INC COMMON STOCK 00287Y109 3,812 66,000 SH   SOLE 0 0 0 66,000
ACCENTURE PLC-CL A COMMON STOCK 000000000 4,924 60,550 SH   SOLE 0 0 0 60,550
ACTAVIS PLC COMMON STOCK 000000000 4,584 19,000 SH   SOLE 0 0 0 19,000
AFLAC INC COMMON STOCK 001055102 2,336 40,100 SH   SOLE 0 0 0 40,100
AGILENT TECHNOLOGIES INC COMMON STOCK 00846U101 3,538 62,100 SH   SOLE 0 0 0 62,100
AGREE REALTY CORP COMMON STOCK 008492100 712 26,000 SH   SOLE 0 0 0 26,000
AIRGAS INC COMMON STOCK 009363102 1,416 12,800 SH   SOLE 0 0 0 12,800
ALEXANDRIA REAL ESTATE EQUIT COMMON STOCK 015271109 3,378 45,800 SH   SOLE 0 0 0 45,800
ALTRIA GROUP INC COMMON STOCK 02209S103 3,951 86,000 SH   SOLE 0 0 0 86,000
AMERIPRISE FINANCIAL INC COMMON STOCK 03076C106 1,814 14,700 SH   SOLE 0 0 0 14,700
AMGEN INC COMMON STOCK 031162100 8,428 60,000 SH   SOLE 0 0 0 60,000
ANADARKO PETROLEUM CORP COMMON STOCK 032511107 3,043 30,000 SH   SOLE 0 0 0 30,000
APPLE INC COMMON STOCK 037833100 10,579 105,000 SH   SOLE 0 0 0 105,000
APPLIED MATERIALS INC COMMON STOCK 038222105 2,327 107,700 SH   SOLE 0 0 0 107,700
ARCHER-DANIELS-MIDLAND CO COMMON STOCK 039483102 4,374 85,600 SH   SOLE 0 0 0 85,600
ASSOCIATED ESTATES REALTY CP COMMON STOCK 045604105 2,740 156,500 SH   SOLE 0 0 0 156,500
AVALONBAY COMMUNITIES INC COMMON STOCK 053484101 4,161 29,520 SH   SOLE 0 0 0 29,520
BANK OF AMERICA CORP COMMON STOCK 060505104 3,284 192,600 SH   SOLE 0 0 0 192,600
BANK OF NEW YORK MELLON CORP COMMON STOCK 064058100 3,044 78,600 SH   SOLE 0 0 0 78,600
BAXTER INTERNATIONAL INC COMMON STOCK 071813109 2,584 36,000 SH   SOLE 0 0 0 36,000
BIOGEN IDEC INC COMMON STOCK 09062X103 7,079 21,400 SH   SOLE 0 0 0 21,400
BIOMED REALTY TRUST INC COMMON STOCK 09063H107 3,161 156,500 SH   SOLE 0 0 0 156,500
BOSTON PROPERTIES INC COMMON STOCK 101121101 2,363 20,417 SH   SOLE 0 0 0 20,417
BRANDYWINE REALTY TRUST COMMON STOCK 105368203 1,694 120,400 SH   SOLE 0 0 0 120,400
BRISTOL-MYERS SQUIBB CO COMMON STOCK 110122108 5,169 101,000 SH   SOLE 0 0 0 101,000
CAMDEN PROPERTY TRUST COMMON STOCK 133131102 2,828 41,269 SH   SOLE 0 0 0 41,269
CATERPILLAR INC COMMON STOCK 149123101 4,407 44,500 SH   SOLE 0 0 0 44,500
CELANESE CORP-SERIES A COMMON STOCK 150870103 2,780 47,500 SH   SOLE 0 0 0 47,500
CF Industries Holdings INC COMMON STOCK 125269100 3,574 12,800 SH   SOLE 0 0 0 12,800
CHESAPEAKE LODGING TRUST COMMON STOCK 165240102 1,953 67,000 SH   SOLE 0 0 0 67,000
CISCO SYSTEMS INC COMMON STOCK 17275R102 4,229 168,000 SH   SOLE 0 0 0 168,000
CITIGROUP INC COMMON STOCK 172967424 6,415 123,800 SH   SOLE 0 0 0 123,800
COACH INC COMMON STOCK 189754101 1,553 43,600 SH   SOLE 0 0 0 43,600
COCA-COLA CO/THE COMMON STOCK 191216100 7,849 184,000 SH   SOLE 0 0 0 184,000
COGNIZANT TECH SOLUTIONS-A COMMON STOCK 192446102 5,041 112,600 SH   SOLE 0 0 0 112,600
COLGATE-PALMOLIVE CO COMMON STOCK 194162103 11,740 180,000 SH   SOLE 0 0 0 180,000
COMCAST CORP-CLASS A COMMON STOCK 20030N101 5,618 105,000 SH   SOLE 0 0 0 105,000
CONOCOPHILLIPS COMMON STOCK 20825C104 3,673 48,000 SH   SOLE 0 0 0 48,000
CONSOL ENERGY INC COMMON STOCK 20854P109 1,465 38,700 SH   SOLE 0 0 0 38,700
COSTCO WHOLESALE CORP COMMON STOCK 22160K105 3,258 26,000 SH   SOLE 0 0 0 26,000
CVS HEALTH CORPORATION COMMON STOCK 126650100 5,173 65,000 SH   SOLE 0 0 0 65,000
DCT INDUSTRIAL TRUST INC COMMON STOCK 233153105 692 92,100 SH   SOLE 0 0 0 92,100
DEERE and CO COMMON STOCK 244199105 2,788 34,000 SH   SOLE 0 0 0 34,000
DELPHI AUTOMOTIVE PLC COMMON STOCK 000000000 2,901 47,300 SH   SOLE 0 0 0 47,300
DEVON ENERGY CORPORATION COMMON STOCK 25179M103 1,807 26,500 SH   SOLE 0 0 0 26,500
DIAMOND OFFSHORE DRILLING COMMON STOCK 25271C102 565 16,500 SH   SOLE 0 0 0 16,500
DIGITAL REALTY TRUST INC COMMON STOCK 253868103 4,155 66,600 SH   SOLE 0 0 0 66,600
DOLLAR TREE INC COMMON STOCK 256746108 2,400 42,800 SH   SOLE 0 0 0 42,800
DR PEPPER SNAPPLE GROUP INC COMMON STOCK 26138E109 2,058 32,000 SH   SOLE 0 0 0 32,000
DU PONT (E.I.) DE NEMOURS COMMON STOCK 263534109 1,959 27,300 SH   SOLE 0 0 0 27,300
DUKE REALTY CORP COMMON STOCK 264411505 1,907 111,024 SH   SOLE 0 0 0 111,024
EASTMAN CHEMICAL CO COMMON STOCK 277432100 4,287 53,000 SH   SOLE 0 0 0 53,000
EBAY INC COMMON STOCK 278642103 3,081 54,400 SH   SOLE 0 0 0 54,400
ECOLAB INC COMMON STOCK 278865100 3,330 29,000 SH   SOLE 0 0 0 29,000
ELI LILLY and CO COMMON STOCK 532457108 4,624 71,300 SH   SOLE 0 0 0 71,300
EMC CORP/MA COMMON STOCK 268648102 1,630 55,700 SH   SOLE 0 0 0 55,700
EMERSON ELECTRIC CO COMMON STOCK 291011104 1,446 23,100 SH   SOLE 0 0 0 23,100
EPR PROPERTIES COMMON STOCK 26884U109 2,904 57,300 SH   SOLE 0 0 0 57,300
EQUITY LIFESTYLE PROPERTIES COMMON STOCK 29472R108 3,135 74,000 SH   SOLE 0 0 0 74,000
EQUITY RESIDENTIAL COMMON STOCK 29476L107 3,316 53,856 SH   SOLE 0 0 0 53,856
ESSEX PROPERTY TRUST INC COMMON STOCK 297178105 894 5,000 SH   SOLE 0 0 0 5,000
ESTEE LAUDER COMPANIES-CL A COMMON STOCK 518439104 3,213 43,000 SH   SOLE 0 0 0 43,000
EXXON MOBIL CORP COMMON STOCK 30231G102 10,816 115,000 SH   SOLE 0 0 0 115,000
FEDERAL REALTY INVS TRUST COMMON STOCK 313747206 1,240 10,468 SH   SOLE 0 0 0 10,468
FMC CORP COMMON STOCK 302491303 2,862 50,050 SH   SOLE 0 0 0 50,050
FOSSIL GROUP INC COMMON STOCK 34988V106 2,066 22,000 SH   SOLE 0 0 0 22,000
FRANKLIN RESOURCES INC COMMON STOCK 354613101 2,785 51,000 SH   SOLE 0 0 0 51,000
GENERAL ELECTRIC CO COMMON STOCK 369604103 11,580 452,000 SH   SOLE 0 0 0 452,000
GENERAL GROWTH PROPERTIES COMMON STOCK 370023103 1,543 65,500 SH   SOLE 0 0 0 65,500
GENERAL MILLS INC COMMON STOCK 370334104 3,532 70,000 SH   SOLE 0 0 0 70,000
GILEAD SCIENCES INC COMMON STOCK 375558103 7,452 70,000 SH   SOLE 0 0 0 70,000
GOOGLE INC-CL A COMMON STOCK 38259P508 6,184 10,510 SH   SOLE 0 0 0 10,510
GOOGLE INC-CL C COMMON STOCK 38259P706 6,068 10,510 SH   SOLE 0 0 0 10,510
HALLIBURTON CO COMMON STOCK 406216101 4,296 66,600 SH   SOLE 0 0 0 66,600
HARLEY-DAVIDSON INC COMMON STOCK 412822108 1,083 18,600 SH   SOLE 0 0 0 18,600
HCP INC COMMON STOCK 40414L109 6,536 164,593 SH   SOLE 0 0 0 164,593
HEALTH CARE REIT INC COMMON STOCK 42217K106 2,423 38,853 SH   SOLE 0 0 0 38,853
HEALTHCARE REALTY TRUST INC COMMON STOCK 421946104 656 27,682 SH   SOLE 0 0 0 27,682
HESS CORP COMMON STOCK 42809H107 3,160 33,500 SH   SOLE 0 0 0 33,500
HIGHWOODS PROPERTIES INC COMMON STOCK 431284108 1,198 30,802 SH   SOLE 0 0 0 30,802
HOME DEPOT INC COMMON STOCK 437076102 7,936 86,500 SH   SOLE 0 0 0 86,500
HOME PROPERTIES INC COMMON STOCK 437306103 3,180 54,600 SH   SOLE 0 0 0 54,600
HOSPITALITY PROPERTIES TRUST COMMON STOCK 44106M102 3,019 112,434 SH   SOLE 0 0 0 112,434
HOST HOTELS and RESORTS INC COMMON STOCK 44107P104 3,786 177,498 SH   SOLE 0 0 0 177,498
INLAND REAL ESTATE CORP COMMON STOCK 457461200 2,106 212,500 SH   SOLE 0 0 0 212,500
INTEL CORP COMMON STOCK 458140100 6,522 187,300 SH   SOLE 0 0 0 187,300
INTL BUSINESS MACHINES CORP COMMON STOCK 459200101 9,321 49,100 SH   SOLE 0 0 0 49,100
JOHNSON and JOHNSON COMMON STOCK 478160104 11,085 104,000 SH   SOLE 0 0 0 104,000
JOY GLOBAL INC COMMON STOCK 481165108 851 15,600 SH   SOLE 0 0 0 15,600
JPMORGAN CHASE and CO COMMON STOCK 46625H100 11,988 199,000 SH   SOLE 0 0 0 199,000
KELLOGG CO COMMON STOCK 487836108 4,004 65,000 SH   SOLE 0 0 0 65,000
KIMBERLY-CLARK CORP COMMON STOCK 494368103 3,765 35,000 SH   SOLE 0 0 0 35,000
KIMCO REALTY CORP COMMON STOCK 49446R109 2,820 128,731 SH   SOLE 0 0 0 128,731
KRAFT FOODS GROUP INC COMMON STOCK 50076Q106 3,082 54,650 SH   SOLE 0 0 0 54,650
KROGER CO COMMON STOCK 501044101 5,096 98,000 SH   SOLE 0 0 0 98,000
LASALLE HOTEL PROPERTIES COMMON STOCK 517942108 1,784 52,100 SH   SOLE 0 0 0 52,100
LIBERTY PROPERTY TRUST COMMON STOCK 531172104 1,966 59,096 SH   SOLE 0 0 0 59,096
MACERICH CO/THE COMMON STOCK 554382101 2,043 32,007 SH   SOLE 0 0 0 32,007
MCCORMICK and CO-NON VTG SHRS COMMON STOCK 579780206 3,546 53,000 SH   SOLE 0 0 0 53,000
MCDONALD'S CORP COMMON STOCK 580135101 6,106 64,400 SH   SOLE 0 0 0 64,400
MCKESSON CORP COMMON STOCK 58155Q103 2,842 14,600 SH   SOLE 0 0 0 14,600
MEAD JOHNSON NUTRITION CO COMMON STOCK 582839106 2,598 27,000 SH   SOLE 0 0 0 27,000
MEADWESTVACO CORP COMMON STOCK 583334107 1,556 38,000 SH   SOLE 0 0 0 38,000
MEDTRONIC INC COMMON STOCK 585055106 5,055 81,600 SH   SOLE 0 0 0 81,600
MERCK and CO. INC. COMMON STOCK 58933Y105 11,097 187,200 SH   SOLE 0 0 0 187,200
METLIFE INC COMMON STOCK 59156R108 4,324 80,500 SH   SOLE 0 0 0 80,500
MICROSOFT CORP COMMON STOCK 594918104 7,788 168,000 SH   SOLE 0 0 0 168,000
MID-AMERICA APARTMENT COMM COMMON STOCK 59522J103 3,479 53,000 SH   SOLE 0 0 0 53,000
MONSANTO CO COMMON STOCK 61166W101 3,600 32,000 SH   SOLE 0 0 0 32,000
MOSAIC CO/THE COMMON STOCK 61945C103 1,110 25,000 SH   SOLE 0 0 0 25,000
NATIONAL OILWELL VARCO INC COMMON STOCK 637071101 4,186 55,000 SH   SOLE 0 0 0 55,000
NEWMONT MINING CORP COMMON STOCK 651639106 837 36,300 SH   SOLE 0 0 0 36,300
NEXTERA ENERGY INC COMMON STOCK 65339F101 4,506 48,000 SH   SOLE 0 0 0 48,000
NOBLE ENERGY INC COMMON STOCK 655044105 2,803 41,000 SH   SOLE 0 0 0 41,000
NORFOLK SOUTHERN CORP COMMON STOCK 655844108 3,013 27,000 SH   SOLE 0 0 0 27,000
NOW INC COMMON STOCK 67011P100 418 13,750 SH   SOLE 0 0 0 13,750
NU SKIN ENTERPRISES INC - A COMMON STOCK 67018T105 1,283 28,500 SH   SOLE 0 0 0 28,500
OCCIDENTAL PETROLEUM CORP COMMON STOCK 674599105 7,067 73,500 SH   SOLE 0 0 0 73,500
ORACLE CORP COMMON STOCK 68389X105 8,115 212,000 SH   SOLE 0 0 0 212,000
PEPSICO INC COMMON STOCK 713448108 8,564 92,000 SH   SOLE 0 0 0 92,000
PETSMART INC COMMON STOCK 716768106 981 14,000 SH   SOLE 0 0 0 14,000
PFIZER INC COMMON STOCK 717081103 10,604 358,600 SH   SOLE 0 0 0 358,600
PHILIP MORRIS INTERNATIONAL COMMON STOCK 718172109 7,172 86,000 SH   SOLE 0 0 0 86,000
PHYSICIANS REALTY TRUST COMMON STOCK 71943U104 2,127 155,000 SH   SOLE 0 0 0 155,000
PNC FINANCIAL SERVICES GROUP COMMON STOCK 693475105 1,866 21,800 SH   SOLE 0 0 0 21,800
PRAXAIR INC COMMON STOCK 74005P104 3,354 26,000 SH   SOLE 0 0 0 26,000
PRECISION CASTPARTS CORP COMMON STOCK 740189105 4,288 18,100 SH   SOLE 0 0 0 18,100
PRICELINE GROUP INC/THE COMMON STOCK 741503403 3,175 2,740 SH   SOLE 0 0 0 2,740
PROCTER and GAMBLE CO/THE COMMON STOCK 742718109 8,793 105,000 SH   SOLE 0 0 0 105,000
PRUDENTIAL FINANCIAL INC COMMON STOCK 744320102 3,482 39,600 SH   SOLE 0 0 0 39,600
PUBLIC STORAGE COMMON STOCK 74460D109 4,689 28,274 SH   SOLE 0 0 0 28,274
QUALCOMM INC COMMON STOCK 747525103 8,374 112,000 SH   SOLE 0 0 0 112,000
QUANTA SERVICES INC COMMON STOCK 74762E102 7,185 198,000 SH   SOLE 0 0 0 198,000
RETAIL OPPORTUNITY INVESTMEN COMMON STOCK 76131N101 1,022 69,500 SH   SOLE 0 0 0 69,500
RLJ LODGING TRUST COMMON STOCK 74965L101 2,796 98,200 SH   SOLE 0 0 0 98,200
ROSS STORES INC COMMON STOCK 778296103 2,993 39,600 SH   SOLE 0 0 0 39,600
SCHLUMBERGER LTD COMMON STOCK 806857108 6,915 68,000 SH   SOLE 0 0 0 68,000
SELECT INCOME REIT COMMON STOCK 81618T100 3,074 127,800 SH   SOLE 0 0 0 127,800
SENIOR HOUSING PROP TRUST COMMON STOCK 81721M109 2,764 132,100 SH   SOLE 0 0 0 132,100
SIMON PROPERTY GROUP INC COMMON STOCK 828806109 12,974 78,908 SH   SOLE 0 0 0 78,908
SL GREEN REALTY CORP COMMON STOCK 78440X101 904 8,923 SH   SOLE 0 0 0 8,923
SOUTHERN CO/THE COMMON STOCK 842587107 3,317 76,000 SH   SOLE 0 0 0 76,000
ST JUDE MEDICAL INC COMMON STOCK 790849103 1,792 29,800 SH   SOLE 0 0 0 29,800
STARBUCKS CORP COMMON STOCK 855244109 4,799 63,600 SH   SOLE 0 0 0 63,600
SUN COMMUNITIES INC COMMON STOCK 866674104 2,376 47,053 SH   SOLE 0 0 0 47,053
TANGER FACTORY OUTLET CENTER COMMON STOCK 875465106 2,601 79,500 SH   SOLE 0 0 0 79,500
TARGET CORP COMMON STOCK 87612E106 2,601 41,500 SH   SOLE 0 0 0 41,500
TIME INC-W/I COMMON STOCK 000000000 231 9,850 SH   SOLE 0 0 0 9,850
TIME WARNER CABLE COMMON STOCK 88732J207 2,827 19,700 SH   SOLE 0 0 0 19,700
TIME WARNER INC COMMON STOCK 887317303 5,927 78,800 SH   SOLE 0 0 0 78,800
TRAVELERS COS INC/THE COMMON STOCK 89417E109 3,570 38,000 SH   SOLE 0 0 0 38,000
UDR INC COMMON STOCK 902653104 2,721 99,867 SH   SOLE 0 0 0 99,867
UNION PACIFIC CORP COMMON STOCK 907818108 5,139 47,400 SH   SOLE 0 0 0 47,400
UNITED PARCEL SERVICE-CL B COMMON STOCK 911312106 2,880 29,300 SH   SOLE 0 0 0 29,300
UNITED TECHNOLOGIES CORP COMMON STOCK 913017109 6,125 58,000 SH   SOLE 0 0 0 58,000
UNITEDHEALTH GROUP INC COMMON STOCK 91324P102 6,641 77,000 SH   SOLE 0 0 0 77,000
US BANCORP COMMON STOCK 902973304 2,414 57,700 SH   SOLE 0 0 0 57,700
VENTAS INC COMMON STOCK 92276F100 5,785 93,382 SH   SOLE 0 0 0 93,382
VF CORP COMMON STOCK 918204108 2,886 43,700 SH   SOLE 0 0 0 43,700
VIACOM INC-CLASS B COMMON STOCK 92553P201 1,500 19,500 SH   SOLE 0 0 0 19,500
VORNADO REALTY TRUST COMMON STOCK 929042109 2,775 27,765 SH   SOLE 0 0 0 27,765
WALT DISNEY CO/THE COMMON STOCK 254687106 4,914 55,200 SH   SOLE 0 0 0 55,200
WASTE MANAGEMENT INC COMMON STOCK 94106L109 2,448 51,500 SH   SOLE 0 0 0 51,500
WEINGARTEN REALTY INVESTORS COMMON STOCK 948741103 1,901 60,336 SH   SOLE 0 0 0 60,336
WELLS FARGO and CO COMMON STOCK 949746101 12,345 238,000 SH   SOLE 0 0 0 238,000
WISCONSIN ENERGY CORP COMMON STOCK 976657106 5,418 126,000 SH   SOLE 0 0 0 126,000
ZIMMER HOLDINGS INC COMMON STOCK 98956P102 2,655 26,400 SH   SOLE 0 0 0 26,400
3M CO COMMON STOCK 88579Y101 7,475 52,759 SH   SOLE 0 0 0 52,759