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
3M CO COMMON STOCK 88579Y101 8,669 52,759 SH   SOLE 0 0 0 52,759
ABBOTT LABORATORIES COMMON STOCK 002824100 2,971 66,000 SH   SOLE 0 0 0 66,000
ABBVIE INC COMMON STOCK 00287Y109 6,151 94,000 SH   SOLE 0 0 0 94,000
ACCENTURE PLC-CL A COMMON STOCK 000000000 5,408 60,550 SH   SOLE 0 0 0 60,550
ACTAVIS PLC COMMON STOCK 000000000 4,891 19,000 SH   SOLE 0 0 0 19,000
AFLAC INC COMMON STOCK 001055102 2,450 40,100 SH   SOLE 0 0 0 40,100
AGILENT TECHNOLOGIES INC COMMON STOCK 00846U101 2,542 62,100 SH   SOLE 0 0 0 62,100
AGREE REALTY CORP COMMON STOCK 008492100 2,107 67,760 SH   SOLE 0 0 0 67,760
AIRGAS INC COMMON STOCK 009363102 1,474 12,800 SH   SOLE 0 0 0 12,800
ALEXANDRIA REAL ESTATE EQUIT COMMON STOCK 015271109 2,857 32,200 SH   SOLE 0 0 0 32,200
ALTRIA GROUP INC COMMON STOCK 02209S103 4,237 86,000 SH   SOLE 0 0 0 86,000
AMERICAN REALTY CAPITAL PROP COMMON STOCK 02917T104 1,873 207,000 SH   SOLE 0 0 0 207,000
AMERIPRISE FINANCIAL INC COMMON STOCK 03076C106 1,944 14,700 SH   SOLE 0 0 0 14,700
AMGEN INC COMMON STOCK 031162100 9,557 60,000 SH   SOLE 0 0 0 60,000
ANADARKO PETROLEUM CORP COMMON STOCK 032511107 2,475 30,000 SH   SOLE 0 0 0 30,000
APPLE INC COMMON STOCK 037833100 11,590 105,000 SH   SOLE 0 0 0 105,000
APPLIED MATERIALS INC COMMON STOCK 038222105 2,684 107,700 SH   SOLE 0 0 0 107,700
ARCHER-DANIELS-MIDLAND CO COMMON STOCK 039483102 4,451 85,600 SH   SOLE 0 0 0 85,600
ASSOCIATED ESTATES REALTY CP COMMON STOCK 045604105 2,936 126,500 SH   SOLE 0 0 0 126,500
AVALONBAY COMMUNITIES INC COMMON STOCK 053484101 4,823 29,520 SH   SOLE 0 0 0 29,520
BANK OF AMERICA CORP COMMON STOCK 060505104 3,446 192,600 SH   SOLE 0 0 0 192,600
BANK OF NEW YORK MELLON CORP COMMON STOCK 064058100 3,189 78,600 SH   SOLE 0 0 0 78,600
BAXTER INTERNATIONAL INC COMMON STOCK 071813109 2,638 36,000 SH   SOLE 0 0 0 36,000
BIOGEN IDEC INC COMMON STOCK 09062X103 7,264 21,400 SH   SOLE 0 0 0 21,400
BIOMED REALTY TRUST INC COMMON STOCK 09063H107 3,371 156,500 SH   SOLE 0 0 0 156,500
BORGWARNER INC COMMON STOCK 099724106 1,011 18,400 SH   SOLE 0 0 0 18,400
BOSTON PROPERTIES INC COMMON STOCK 101121101 2,627 20,417 SH   SOLE 0 0 0 20,417
BRANDYWINE REALTY TRUST COMMON STOCK 105368203 1,924 120,400 SH   SOLE 0 0 0 120,400
BRISTOL-MYERS SQUIBB CO COMMON STOCK 110122108 5,962 101,000 SH   SOLE 0 0 0 101,000
CAMDEN PROPERTY TRUST COMMON STOCK 133131102 3,047 41,269 SH   SOLE 0 0 0 41,269
CAMPUS CREST COMMUNITIES INC COMMON STOCK 13466Y105 1,901 260,000 SH   SOLE 0 0 0 260,000
CATERPILLAR INC COMMON STOCK 149123101 4,073 44,500 SH   SOLE 0 0 0 44,500
CELANESE CORP-SERIES A COMMON STOCK 150870103 2,848 47,500 SH   SOLE 0 0 0 47,500
CF Industries Holdings INC COMMON STOCK 125269100 3,489 12,800 SH   SOLE 0 0 0 12,800
CHESAPEAKE LODGING TRUST COMMON STOCK 165240102 1,916 51,500 SH   SOLE 0 0 0 51,500
CISCO SYSTEMS INC COMMON STOCK 17275R102 4,673 168,000 SH   SOLE 0 0 0 168,000
CITIGROUP INC COMMON STOCK 172967424 6,699 123,800 SH   SOLE 0 0 0 123,800
COACH INC COMMON STOCK 189754101 1,638 43,600 SH   SOLE 0 0 0 43,600
COCA-COLA CO/THE COMMON STOCK 191216100 6,122 145,000 SH   SOLE 0 0 0 145,000
COGNIZANT TECH SOLUTIONS-A COMMON STOCK 192446102 5,930 112,600 SH   SOLE 0 0 0 112,600
COLGATE-PALMOLIVE CO COMMON STOCK 194162103 12,454 180,000 SH   SOLE 0 0 0 180,000
COMCAST CORP-CLASS A COMMON STOCK 20030N101 6,044 105,000 SH   SOLE 0 0 0 105,000
CONOCOPHILLIPS COMMON STOCK 20825C104 3,315 48,000 SH   SOLE 0 0 0 48,000
COSTCO WHOLESALE CORP COMMON STOCK 22160K105 3,686 26,000 SH   SOLE 0 0 0 26,000
CVS HEALTH CORPORATION COMMON STOCK 126650100 6,260 65,000 SH   SOLE 0 0 0 65,000
DCT INDUSTRIAL TRUST INC COMMON STOCK 233153105 821 23,025 SH   SOLE 0 0 0 23,025
DEERE and CO COMMON STOCK 244199105 3,008 34,000 SH   SOLE 0 0 0 34,000
DELPHI AUTOMOTIVE PLC COMMON STOCK 000000000 3,440 47,300 SH   SOLE 0 0 0 47,300
DEVON ENERGY CORPORATION COMMON STOCK 25179M103 1,622 26,500 SH   SOLE 0 0 0 26,500
DIGITAL REALTY TRUST INC COMMON STOCK 253868103 4,416 66,600 SH   SOLE 0 0 0 66,600
DOLLAR TREE INC COMMON STOCK 256746108 3,012 42,800 SH   SOLE 0 0 0 42,800
DU PONT (E.I.) DE NEMOURS COMMON STOCK 263534109 2,019 27,300 SH   SOLE 0 0 0 27,300
DUKE REALTY CORP COMMON STOCK 264411505 2,849 141,024 SH   SOLE 0 0 0 141,024
EASTMAN CHEMICAL CO COMMON STOCK 277432100 4,021 53,000 SH   SOLE 0 0 0 53,000
EBAY INC COMMON STOCK 278642103 3,053 54,400 SH   SOLE 0 0 0 54,400
ECOLAB INC COMMON STOCK 278865100 3,031 29,000 SH   SOLE 0 0 0 29,000
ELI LILLY and CO COMMON STOCK 532457108 4,919 71,300 SH   SOLE 0 0 0 71,300
EMC CORP/MA COMMON STOCK 268648102 1,657 55,700 SH   SOLE 0 0 0 55,700
EMERSON ELECTRIC CO COMMON STOCK 291011104 1,426 23,100 SH   SOLE 0 0 0 23,100
EPR PROPERTIES COMMON STOCK 26884U109 3,302 57,300 SH   SOLE 0 0 0 57,300
EQUITY LIFESTYLE PROPERTIES COMMON STOCK 29472R108 2,474 48,000 SH   SOLE 0 0 0 48,000
EQUITY RESIDENTIAL COMMON STOCK 29476L107 3,869 53,856 SH   SOLE 0 0 0 53,856
ESSEX PROPERTY TRUST INC COMMON STOCK 297178105 1,033 5,000 SH   SOLE 0 0 0 5,000
ESTEE LAUDER COMPANIES-CL A COMMON STOCK 518439104 3,277 43,000 SH   SOLE 0 0 0 43,000
EXXON MOBIL CORP COMMON STOCK 30231G102 10,632 115,000 SH   SOLE 0 0 0 115,000
FMC CORP COMMON STOCK 302491303 4,163 73,000 SH   SOLE 0 0 0 73,000
FOSSIL GROUP INC COMMON STOCK 34988V106 2,436 22,000 SH   SOLE 0 0 0 22,000
FRANKLIN RESOURCES INC COMMON STOCK 354613101 2,824 51,000 SH   SOLE 0 0 0 51,000
GAMING AND LEISURE PROPERTIE COMMON STOCK 36467J108 2,377 81,000 SH   SOLE 0 0 0 81,000
GENERAL ELECTRIC CO COMMON STOCK 369604103 11,422 452,000 SH   SOLE 0 0 0 452,000
GENERAL GROWTH PROPERTIES COMMON STOCK 370023103 1,843 65,500 SH   SOLE 0 0 0 65,500
GENERAL MILLS INC COMMON STOCK 370334104 4,426 83,000 SH   SOLE 0 0 0 83,000
GILEAD SCIENCES INC COMMON STOCK 375558103 8,860 94,000 SH   SOLE 0 0 0 94,000
GOOGLE INC-CL A COMMON STOCK 38259P508 5,577 10,510 SH   SOLE 0 0 0 10,510
GOOGLE INC-CL C COMMON STOCK 38259P706 5,532 10,510 SH   SOLE 0 0 0 10,510
HALLIBURTON CO COMMON STOCK 406216101 2,619 66,600 SH   SOLE 0 0 0 66,600
HCP INC COMMON STOCK 40414L109 6,146 139,593 SH   SOLE 0 0 0 139,593
HEALTH CARE REIT INC COMMON STOCK 42217K106 2,940 38,853 SH   SOLE 0 0 0 38,853
HEALTHCARE REALTY TRUST INC COMMON STOCK 421946104 756 27,682 SH   SOLE 0 0 0 27,682
HESS CORP COMMON STOCK 42809H107 5,758 78,000 SH   SOLE 0 0 0 78,000
HIGHWOODS PROPERTIES INC COMMON STOCK 431284108 1,364 30,802 SH   SOLE 0 0 0 30,802
HOME DEPOT INC COMMON STOCK 437076102 9,080 86,500 SH   SOLE 0 0 0 86,500
HOME PROPERTIES INC COMMON STOCK 437306103 3,582 54,600 SH   SOLE 0 0 0 54,600
HOSPITALITY PROPERTIES TRUST COMMON STOCK 44106M102 3,485 112,434 SH   SOLE 0 0 0 112,434
HOST HOTELS and RESORTS INC COMMON STOCK 44107P104 3,589 150,998 SH   SOLE 0 0 0 150,998
INLAND REAL ESTATE CORP COMMON STOCK 457461200 2,327 212,500 SH   SOLE 0 0 0 212,500
INTEL CORP COMMON STOCK 458140100 6,797 187,300 SH   SOLE 0 0 0 187,300
INTL BUSINESS MACHINES CORP COMMON STOCK 459200101 7,878 49,100 SH   SOLE 0 0 0 49,100
JOHNSON and JOHNSON COMMON STOCK 478160104 12,653 121,000 SH   SOLE 0 0 0 121,000
JOY GLOBAL INC COMMON STOCK 481165108 726 15,600 SH   SOLE 0 0 0 15,600
JPMORGAN CHASE and CO COMMON STOCK 46625H100 12,453 199,000 SH   SOLE 0 0 0 199,000
KELLOGG CO COMMON STOCK 487836108 4,254 65,000 SH   SOLE 0 0 0 65,000
KIMBERLY-CLARK CORP COMMON STOCK 494368103 4,044 35,000 SH   SOLE 0 0 0 35,000
KIMCO REALTY CORP COMMON STOCK 49446R109 3,236 128,731 SH   SOLE 0 0 0 128,731
KRAFT FOODS GROUP INC COMMON STOCK 50076Q106 3,424 54,650 SH   SOLE 0 0 0 54,650
KROGER CO COMMON STOCK 501044101 6,293 98,000 SH   SOLE 0 0 0 98,000
LASALLE HOTEL PROPERTIES COMMON STOCK 517942108 793 19,600 SH   SOLE 0 0 0 19,600
LIBERTY PROPERTY TRUST COMMON STOCK 531172104 2,224 59,096 SH   SOLE 0 0 0 59,096
MACERICH CO/THE COMMON STOCK 554382101 2,670 32,007 SH   SOLE 0 0 0 32,007
MCCORMICK and CO-NON VTG SHRS COMMON STOCK 579780206 3,938 53,000 SH   SOLE 0 0 0 53,000
MCDONALD'S CORP COMMON STOCK 580135101 6,034 64,400 SH   SOLE 0 0 0 64,400
MCKESSON CORP COMMON STOCK 58155Q103 3,031 14,600 SH   SOLE 0 0 0 14,600
MEAD JOHNSON NUTRITION CO COMMON STOCK 582839106 6,233 62,000 SH   SOLE 0 0 0 62,000
MEADWESTVACO CORP COMMON STOCK 583334107 1,687 38,000 SH   SOLE 0 0 0 38,000
MEDTRONIC INC COMMON STOCK 585055106 6,866 95,100 SH   SOLE 0 0 0 95,100
MERCK and CO. INC. COMMON STOCK 58933Y105 10,631 187,200 SH   SOLE 0 0 0 187,200
METLIFE INC COMMON STOCK 59156R108 4,354 80,500 SH   SOLE 0 0 0 80,500
MICROSOFT CORP COMMON STOCK 594918104 7,804 168,000 SH   SOLE 0 0 0 168,000
MID-AMERICA APARTMENT COMM COMMON STOCK 59522J103 3,958 53,000 SH   SOLE 0 0 0 53,000
MONSANTO CO COMMON STOCK 61166W101 3,823 32,000 SH   SOLE 0 0 0 32,000
MOSAIC CO/THE COMMON STOCK 61945C103 1,141 25,000 SH   SOLE 0 0 0 25,000
NATIONAL OILWELL VARCO INC COMMON STOCK 637071101 3,604 55,000 SH   SOLE 0 0 0 55,000
NEWMONT MINING CORP COMMON STOCK 651639106 686 36,300 SH   SOLE 0 0 0 36,300
NEXTERA ENERGY INC COMMON STOCK 65339F101 5,102 48,000 SH   SOLE 0 0 0 48,000
NOBLE ENERGY INC COMMON STOCK 655044105 1,945 41,000 SH   SOLE 0 0 0 41,000
NORFOLK SOUTHERN CORP COMMON STOCK 655844108 2,959 27,000 SH   SOLE 0 0 0 27,000
NU SKIN ENTERPRISES INC - A COMMON STOCK 67018T105 1,245 28,500 SH   SOLE 0 0 0 28,500
OCCIDENTAL PETROLEUM CORP COMMON STOCK 674599105 5,925 73,500 SH   SOLE 0 0 0 73,500
ORACLE CORP COMMON STOCK 68389X105 9,534 212,000 SH   SOLE 0 0 0 212,000
PEPSICO INC COMMON STOCK 713448108 8,700 92,000 SH   SOLE 0 0 0 92,000
PETSMART INC COMMON STOCK 716768106 1,138 14,000 SH   SOLE 0 0 0 14,000
PFIZER INC COMMON STOCK 717081103 11,170 358,600 SH   SOLE 0 0 0 358,600
PHILIP MORRIS INTERNATIONAL COMMON STOCK 718172109 7,005 86,000 SH   SOLE 0 0 0 86,000
PHYSICIANS REALTY TRUST COMMON STOCK 71943U104 1,959 118,000 SH   SOLE 0 0 0 118,000
PNC FINANCIAL SERVICES GROUP COMMON STOCK 693475105 1,989 21,800 SH   SOLE 0 0 0 21,800
PRAXAIR INC COMMON STOCK 74005P104 3,369 26,000 SH   SOLE 0 0 0 26,000
PRECISION CASTPARTS CORP COMMON STOCK 740189105 4,360 18,100 SH   SOLE 0 0 0 18,100
PRICELINE GROUP INC/THE COMMON STOCK 741503403 3,124 2,740 SH   SOLE 0 0 0 2,740
PROCTER and GAMBLE CO/THE COMMON STOCK 742718109 9,564 105,000 SH   SOLE 0 0 0 105,000
PUBLIC STORAGE COMMON STOCK 74460D109 5,226 28,274 SH   SOLE 0 0 0 28,274
QUALCOMM INC COMMON STOCK 747525103 8,325 112,000 SH   SOLE 0 0 0 112,000
QUANTA SERVICES INC COMMON STOCK 74762E102 5,621 198,000 SH   SOLE 0 0 0 198,000
RETAIL OPPORTUNITY INVESTMEN COMMON STOCK 76131N101 1,167 69,500 SH   SOLE 0 0 0 69,500
RLJ LODGING TRUST COMMON STOCK 74965L101 2,656 79,200 SH   SOLE 0 0 0 79,200
ROSS STORES INC COMMON STOCK 778296103 3,733 39,600 SH   SOLE 0 0 0 39,600
SABRA HEALTH CARE REIT INC COMMON STOCK 78573L106 2,776 91,400 SH   SOLE 0 0 0 91,400
SCHLUMBERGER LTD COMMON STOCK 806857108 5,808 68,000 SH   SOLE 0 0 0 68,000
SELECT INCOME REIT COMMON STOCK 81618T100 3,486 142,800 SH   SOLE 0 0 0 142,800
SENIOR HOUSING PROP TRUST COMMON STOCK 81721M109 3,385 153,100 SH   SOLE 0 0 0 153,100
SIMON PROPERTY GROUP INC COMMON STOCK 828806109 12,622 69,308 SH   SOLE 0 0 0 69,308
SL GREEN REALTY CORP COMMON STOCK 78440X101 1,062 8,923 SH   SOLE 0 0 0 8,923
SOUTHERN CO/THE COMMON STOCK 842587107 3,732 76,000 SH   SOLE 0 0 0 76,000
ST JUDE MEDICAL INC COMMON STOCK 790849103 1,938 29,800 SH   SOLE 0 0 0 29,800
STARBUCKS CORP COMMON STOCK 855244109 5,218 63,600 SH   SOLE 0 0 0 63,600
SUN COMMUNITIES INC COMMON STOCK 866674104 2,270 37,553 SH   SOLE 0 0 0 37,553
TANGER FACTORY OUTLET CENTER COMMON STOCK 875465106 3,326 90,000 SH   SOLE 0 0 0 90,000
TIME WARNER CABLE COMMON STOCK 88732J207 2,996 19,700 SH   SOLE 0 0 0 19,700
TIME WARNER INC COMMON STOCK 887317303 6,731 78,800 SH   SOLE 0 0 0 78,800
TJX COMPANIES INC COMMON STOCK 872540109 2,777 40,500 SH   SOLE 0 0 0 40,500
TRAVELERS COS INC/THE COMMON STOCK 89417E109 4,022 38,000 SH   SOLE 0 0 0 38,000
UDR INC COMMON STOCK 902653104 2,523 81,867 SH   SOLE 0 0 0 81,867
UNION PACIFIC CORP COMMON STOCK 907818108 5,647 47,400 SH   SOLE 0 0 0 47,400
UNITED PARCEL SERVICE-CL B COMMON STOCK 911312106 3,257 29,300 SH   SOLE 0 0 0 29,300
UNITED TECHNOLOGIES CORP COMMON STOCK 913017109 6,670 58,000 SH   SOLE 0 0 0 58,000
UNITEDHEALTH GROUP INC COMMON STOCK 91324P102 7,784 77,000 SH   SOLE 0 0 0 77,000
US BANCORP COMMON STOCK 902973304 2,594 57,700 SH   SOLE 0 0 0 57,700
VENTAS INC COMMON STOCK 92276F100 6,143 85,682 SH   SOLE 0 0 0 85,682
VF CORP COMMON STOCK 918204108 3,273 43,700 SH   SOLE 0 0 0 43,700
VORNADO REALTY TRUST COMMON STOCK 929042109 3,268 27,765 SH   SOLE 0 0 0 27,765
WALT DISNEY CO/THE COMMON STOCK 254687106 6,518 69,200 SH   SOLE 0 0 0 69,200
WASTE MANAGEMENT INC COMMON STOCK 94106L109 2,643 51,500 SH   SOLE 0 0 0 51,500
WEINGARTEN REALTY INVESTORS COMMON STOCK 948741103 1,583 45,336 SH   SOLE 0 0 0 45,336
WELLS FARGO and CO COMMON STOCK 949746101 13,047 238,000 SH   SOLE 0 0 0 238,000
WISCONSIN ENERGY CORP COMMON STOCK 976657106 6,645 126,000 SH   SOLE 0 0 0 126,000
ZIMMER HOLDINGS INC COMMON STOCK 98956P102 2,994 26,400 SH   SOLE 0 0 0 26,400