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 8,703 52,759 SH   SOLE 0 0 0 52,759
ABBOTT LABORATORIES COMMON STOCK 002824100 2,942 63,500 SH   SOLE 0 0 0 63,500
ABBVIE INC COMMON STOCK 00287Y109 5,292 90,400 SH   SOLE 0 0 0 90,400
ACCENTURE PLC-CL A COMMON STOCK 000000000 5,673 60,550 SH   SOLE 0 0 0 60,550
ACTAVIS PLC COMMON STOCK 000000000 5,446 18,300 SH   SOLE 0 0 0 18,300
AFLAC INC COMMON STOCK 001055102 2,567 40,100 SH   SOLE 0 0 0 40,100
AGILENT TECHNOLOGIES INC COMMON STOCK 00846U101 2,481 59,700 SH   SOLE 0 0 0 59,700
AGREE REALTY CORP COMMON STOCK 008492100 2,234 67,760 SH   SOLE 0 0 0 67,760
AIRGAS INC COMMON STOCK 009363102 2,971 28,000 SH   SOLE 0 0 0 28,000
ALEXANDRIA REAL ESTATE EQUIT COMMON STOCK 015271109 3,157 32,200 SH   SOLE 0 0 0 32,200
ALTRIA GROUP INC COMMON STOCK 02209S103 4,302 86,000 SH   SOLE 0 0 0 86,000
AMERICAN REALTY CAPITAL PROP COMMON STOCK 02917T104 2,039 207,000 SH   SOLE 0 0 0 207,000
AMERIPRISE FINANCIAL INC COMMON STOCK 03076C106 1,923 14,700 SH   SOLE 0 0 0 14,700
AMGEN INC COMMON STOCK 031162100 9,223 57,700 SH   SOLE 0 0 0 57,700
ANADARKO PETROLEUM CORP COMMON STOCK 032511107 2,484 30,000 SH   SOLE 0 0 0 30,000
APPLE INC COMMON STOCK 037833100 13,065 105,000 SH   SOLE 0 0 0 105,000
APPLIED MATERIALS INC COMMON STOCK 038222105 2,430 107,700 SH   SOLE 0 0 0 107,700
ASSOCIATED ESTATES REALTY CP COMMON STOCK 045604105 2,480 100,500 SH   SOLE 0 0 0 100,500
AVALONBAY COMMUNITIES INC COMMON STOCK 053484101 5,144 29,520 SH   SOLE 0 0 0 29,520
BANK OF AMERICA CORP COMMON STOCK 060505104 2,964 192,600 SH   SOLE 0 0 0 192,600
BANK OF NEW YORK MELLON CORP COMMON STOCK 064058100 3,163 78,600 SH   SOLE 0 0 0 78,600
BAXTER INTERNATIONAL INC COMMON STOCK 071813109 2,370 34,600 SH   SOLE 0 0 0 34,600
BIOGEN IDEC INC COMMON STOCK 09062X103 8,698 20,600 SH   SOLE 0 0 0 20,600
BIOMED REALTY TRUST INC COMMON STOCK 09063H107 2,640 116,500 SH   SOLE 0 0 0 116,500
BORGWARNER INC COMMON STOCK 099724106 1,113 18,400 SH   SOLE 0 0 0 18,400
BOSTON PROPERTIES INC COMMON STOCK 101121101 2,868 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 6,263 97,100 SH   SOLE 0 0 0 97,100
CAMDEN PROPERTY TRUST COMMON STOCK 133131102 3,224 41,269 SH   SOLE 0 0 0 41,269
CAMPUS CREST COMMUNITIES INC COMMON STOCK 13466Y105 2,363 330,000 SH   SOLE 0 0 0 330,000
CELANESE CORP-SERIES A COMMON STOCK 150870103 0 0 SH   SOLE 0 0 0 0
CF Industries Holdings INC COMMON STOCK 125269100 3,631 12,800 SH   SOLE 0 0 0 12,800
CHESAPEAKE LODGING TRUST COMMON STOCK 165240102 1,742 51,500 SH   SOLE 0 0 0 51,500
CISCO SYSTEMS INC COMMON STOCK 17275R102 4,624 168,000 SH   SOLE 0 0 0 168,000
CITIGROUP INC COMMON STOCK 172967424 6,378 123,800 SH   SOLE 0 0 0 123,800
COACH INC COMMON STOCK 189754101 1,806 43,600 SH   SOLE 0 0 0 43,600
COCA-COLA CO/THE COMMON STOCK 191216100 4,663 115,000 SH   SOLE 0 0 0 115,000
COGNIZANT TECH SOLUTIONS-A COMMON STOCK 192446102 7,025 112,600 SH   SOLE 0 0 0 112,600
COLGATE-PALMOLIVE CO COMMON STOCK 194162103 12,481 180,000 SH   SOLE 0 0 0 180,000
COMCAST CORP-CLASS A COMMON STOCK 20030N101 5,657 100,900 SH   SOLE 0 0 0 100,900
CONOCOPHILLIPS COMMON STOCK 20825C104 2,988 48,000 SH   SOLE 0 0 0 48,000
COSTCO WHOLESALE CORP COMMON STOCK 22160K105 3,939 26,000 SH   SOLE 0 0 0 26,000
CVS HEALTH CORPORATION COMMON STOCK 126650100 6,709 65,000 SH   SOLE 0 0 0 65,000
DCT INDUSTRIAL TRUST INC COMMON STOCK 233153105 1,387 40,025 SH   SOLE 0 0 0 40,025
DEERE and CO COMMON STOCK 244199105 2,981 34,000 SH   SOLE 0 0 0 34,000
DELPHI AUTOMOTIVE PLC COMMON STOCK 000000000 3,772 47,300 SH   SOLE 0 0 0 47,300
DEVON ENERGY CORPORATION COMMON STOCK 25179M103 1,598 26,500 SH   SOLE 0 0 0 26,500
DIGITAL REALTY TRUST INC COMMON STOCK 253868103 4,393 66,600 SH   SOLE 0 0 0 66,600
DOLLAR TREE INC COMMON STOCK 256746108 3,473 42,800 SH   SOLE 0 0 0 42,800
DU PONT (E.I.) DE NEMOURS COMMON STOCK 263534109 1,951 27,300 SH   SOLE 0 0 0 27,300
DUKE REALTY CORP COMMON STOCK 264411505 3,636 167,024 SH   SOLE 0 0 0 167,024
DUPONT FABROS TECHNOLOGY COMMON STOCK 26613Q106 2,941 90,000 SH   SOLE 0 0 0 90,000
EASTGROUP PROPERTIES INC COMMON STOCK 277276101 1,143 19,000 SH   SOLE 0 0 0 19,000
EASTMAN CHEMICAL CO COMMON STOCK 277432100 3,671 53,000 SH   SOLE 0 0 0 53,000
EBAY INC COMMON STOCK 278642103 3,138 54,400 SH   SOLE 0 0 0 54,400
ECOLAB INC COMMON STOCK 278865100 3,317 29,000 SH   SOLE 0 0 0 29,000
ELI LILLY and CO COMMON STOCK 532457108 4,977 68,500 SH   SOLE 0 0 0 68,500
EMC CORP/MA COMMON STOCK 268648102 1,424 55,700 SH   SOLE 0 0 0 55,700
EMERSON ELECTRIC CO COMMON STOCK 291011104 1,308 23,100 SH   SOLE 0 0 0 23,100
EPR PROPERTIES COMMON STOCK 26884U109 2,869 47,800 SH   SOLE 0 0 0 47,800
EQUITY LIFESTYLE PROPERTIES COMMON STOCK 29472R108 2,638 48,000 SH   SOLE 0 0 0 48,000
EQUITY RESIDENTIAL COMMON STOCK 29476L107 3,648 46,856 SH   SOLE 0 0 0 46,856
ESSEX PROPERTY TRUST INC COMMON STOCK 297178105 1,150 5,000 SH   SOLE 0 0 0 5,000
ESTEE LAUDER COMPANIES-CL A COMMON STOCK 518439104 3,576 43,000 SH   SOLE 0 0 0 43,000
EXXON MOBIL CORP COMMON STOCK 30231G102 9,775 115,000 SH   SOLE 0 0 0 115,000
FMC CORP COMMON STOCK 302491303 6,011 105,000 SH   SOLE 0 0 0 105,000
FOSSIL GROUP INC COMMON STOCK 34988V106 1,814 22,000 SH   SOLE 0 0 0 22,000
FRANKLIN RESOURCES INC COMMON STOCK 354613101 2,617 51,000 SH   SOLE 0 0 0 51,000
GAMING AND LEISURE PROPERTIE COMMON STOCK 36467J108 2,360 64,000 SH   SOLE 0 0 0 64,000
GENERAL ELECTRIC CO COMMON STOCK 369604103 10,792 435,000 SH   SOLE 0 0 0 435,000
GENERAL GROWTH PROPERTIES COMMON STOCK 370023103 1,936 65,500 SH   SOLE 0 0 0 65,500
GENERAL MILLS INC COMMON STOCK 370334104 4,698 83,000 SH   SOLE 0 0 0 83,000
GILEAD SCIENCES INC COMMON STOCK 375558103 8,871 90,400 SH   SOLE 0 0 0 90,400
GOOGLE INC-CL A COMMON STOCK 38259P508 5,830 10,510 SH   SOLE 0 0 0 10,510
GOOGLE INC-CL C COMMON STOCK 38259P706 5,759 10,510 SH   SOLE 0 0 0 10,510
HALLIBURTON CO COMMON STOCK 406216101 2,922 66,600 SH   SOLE 0 0 0 66,600
HCP INC COMMON STOCK 40414L109 5,470 126,593 SH   SOLE 0 0 0 126,593
HEALTH CARE REIT INC COMMON STOCK 42217K106 2,472 31,953 SH   SOLE 0 0 0 31,953
HEALTHCARE REALTY TRUST INC COMMON STOCK 421946104 769 27,682 SH   SOLE 0 0 0 27,682
HESS CORP COMMON STOCK 42809H107 5,294 78,000 SH   SOLE 0 0 0 78,000
HIGHWOODS PROPERTIES INC COMMON STOCK 431284108 1,410 30,802 SH   SOLE 0 0 0 30,802
HOME DEPOT INC COMMON STOCK 437076102 9,452 83,200 SH   SOLE 0 0 0 83,200
HOME PROPERTIES INC COMMON STOCK 437306103 3,783 54,600 SH   SOLE 0 0 0 54,600
HOSPITALITY PROPERTIES TRUST COMMON STOCK 44106M102 3,016 91,434 SH   SOLE 0 0 0 91,434
HOST HOTELS and RESORTS INC COMMON STOCK 44107P104 3,047 150,998 SH   SOLE 0 0 0 150,998
INLAND REAL ESTATE CORP COMMON STOCK 457461200 2,272 212,500 SH   SOLE 0 0 0 212,500
INTEL CORP COMMON STOCK 458140100 5,857 187,300 SH   SOLE 0 0 0 187,300
INTL BUSINESS MACHINES CORP COMMON STOCK 459200101 7,881 49,100 SH   SOLE 0 0 0 49,100
JOHNSON and JOHNSON COMMON STOCK 478160104 11,700 116,300 SH   SOLE 0 0 0 116,300
JPMORGAN CHASE and CO COMMON STOCK 46625H100 11,583 191,200 SH   SOLE 0 0 0 191,200
KELLOGG CO COMMON STOCK 487836108 4,287 65,000 SH   SOLE 0 0 0 65,000
KIMBERLY-CLARK CORP COMMON STOCK 494368103 3,749 35,000 SH   SOLE 0 0 0 35,000
KIMCO REALTY CORP COMMON STOCK 49446R109 3,456 128,731 SH   SOLE 0 0 0 128,731
KRAFT FOODS GROUP INC COMMON STOCK 50076Q106 4,761 54,650 SH   SOLE 0 0 0 54,650
KROGER CO COMMON STOCK 501044101 7,513 98,000 SH   SOLE 0 0 0 98,000
LASALLE HOTEL PROPERTIES COMMON STOCK 517942108 762 19,600 SH   SOLE 0 0 0 19,600
LIBERTY PROPERTY TRUST COMMON STOCK 531172104 2,110 59,096 SH   SOLE 0 0 0 59,096
MACERICH CO/THE COMMON STOCK 554382101 2,699 32,007 SH   SOLE 0 0 0 32,007
MCCORMICK and CO-NON VTG SHRS COMMON STOCK 579780206 4,087 53,000 SH   SOLE 0 0 0 53,000
MCDONALD'S CORP COMMON STOCK 580135101 6,032 61,900 SH   SOLE 0 0 0 61,900
MCKESSON CORP COMMON STOCK 58155Q103 3,167 14,000 SH   SOLE 0 0 0 14,000
MEAD JOHNSON NUTRITION CO COMMON STOCK 582839106 6,233 62,000 SH   SOLE 0 0 0 62,000
MEADWESTVACO CORP COMMON STOCK 583334107 1,895 38,000 SH   SOLE 0 0 0 38,000
MERCK and CO. INC. COMMON STOCK 58933Y105 10,341 179,900 SH   SOLE 0 0 0 179,900
METLIFE INC COMMON STOCK 59156R108 4,069 80,500 SH   SOLE 0 0 0 80,500
MICROSOFT CORP COMMON STOCK 594918104 6,830 168,000 SH   SOLE 0 0 0 168,000
MID-AMERICA APARTMENT COMM COMMON STOCK 59522J103 4,095 53,000 SH   SOLE 0 0 0 53,000
MONSANTO CO COMMON STOCK 61166W101 3,601 32,000 SH   SOLE 0 0 0 32,000
MOSAIC CO/THE COMMON STOCK 61945C103 1,152 25,000 SH   SOLE 0 0 0 25,000
NATIONAL OILWELL VARCO INC COMMON STOCK 637071101 2,749 55,000 SH   SOLE 0 0 0 55,000
NEXTERA ENERGY INC COMMON STOCK 65339F101 4,994 48,000 SH   SOLE 0 0 0 48,000
NOBLE ENERGY INC COMMON STOCK 655044105 2,005 41,000 SH   SOLE 0 0 0 41,000
NORFOLK SOUTHERN CORP COMMON STOCK 655844108 2,779 27,000 SH   SOLE 0 0 0 27,000
NU SKIN ENTERPRISES INC - A COMMON STOCK 67018T105 1,716 28,500 SH   SOLE 0 0 0 28,500
OCCIDENTAL PETROLEUM CORP COMMON STOCK 674599105 5,366 73,500 SH   SOLE 0 0 0 73,500
ORACLE CORP COMMON STOCK 68389X105 9,148 212,000 SH   SOLE 0 0 0 212,000
PEPSICO INC COMMON STOCK 713448108 8,797 92,000 SH   SOLE 0 0 0 92,000
PFIZER INC COMMON STOCK 717081103 11,989 344,600 SH   SOLE 0 0 0 344,600
PHILIP MORRIS INTERNATIONAL COMMON STOCK 718172109 6,478 86,000 SH   SOLE 0 0 0 86,000
PHYSICIANS REALTY TRUST COMMON STOCK 71943U104 1,426 81,000 SH   SOLE 0 0 0 81,000
PNC FINANCIAL SERVICES GROUP COMMON STOCK 693475105 2,033 21,800 SH   SOLE 0 0 0 21,800
PRAXAIR INC COMMON STOCK 74005P104 3,139 26,000 SH   SOLE 0 0 0 26,000
PRECISION CASTPARTS CORP COMMON STOCK 740189105 3,801 18,100 SH   SOLE 0 0 0 18,100
PRICELINE GROUP INC/THE COMMON STOCK 741503403 3,190 2,740 SH   SOLE 0 0 0 2,740
PROCTER and GAMBLE CO/THE COMMON STOCK 742718109 8,604 105,000 SH   SOLE 0 0 0 105,000
PUBLIC STORAGE COMMON STOCK 74460D109 4,983 25,274 SH   SOLE 0 0 0 25,274
QUALCOMM INC COMMON STOCK 747525103 7,766 112,000 SH   SOLE 0 0 0 112,000
QUANTA SERVICES INC COMMON STOCK 74762E102 5,649 198,000 SH   SOLE 0 0 0 198,000
RETAIL OPPORTUNITY INVESTMEN COMMON STOCK 76131N101 1,272 69,500 SH   SOLE 0 0 0 69,500
RLJ LODGING TRUST COMMON STOCK 74965L101 2,480 79,200 SH   SOLE 0 0 0 79,200
ROSS STORES INC COMMON STOCK 778296103 4,172 39,600 SH   SOLE 0 0 0 39,600
SABRA HEALTH CARE REIT INC COMMON STOCK 78573L106 1,770 53,400 SH   SOLE 0 0 0 53,400
SCHLUMBERGER LTD COMMON STOCK 806857108 5,674 68,000 SH   SOLE 0 0 0 68,000
SELECT INCOME REIT COMMON STOCK 81618T100 3,569 142,800 SH   SOLE 0 0 0 142,800
SENIOR HOUSING PROP TRUST COMMON STOCK 81721M109 2,820 127,100 SH   SOLE 0 0 0 127,100
SIMON PROPERTY GROUP INC COMMON STOCK 828806109 12,229 62,508 SH   SOLE 0 0 0 62,508
SL GREEN REALTY CORP COMMON STOCK 78440X101 1,146 8,923 SH   SOLE 0 0 0 8,923
SOUTHERN CO/THE COMMON STOCK 842587107 3,365 76,000 SH   SOLE 0 0 0 76,000
ST JUDE MEDICAL INC COMMON STOCK 790849103 1,949 29,800 SH   SOLE 0 0 0 29,800
STARBUCKS CORP COMMON STOCK 855244109 5,786 61,100 SH   SOLE 0 0 0 61,100
SUMMIT HOTEL PROPERTIES INC COMMON STOCK 866082100 2,125 151,000 SH   SOLE 0 0 0 151,000
SUN COMMUNITIES INC COMMON STOCK 866674104 2,506 37,553 SH   SOLE 0 0 0 37,553
TANGER FACTORY OUTLET CENTER COMMON STOCK 875465106 3,165 90,000 SH   SOLE 0 0 0 90,000
TIME WARNER CABLE COMMON STOCK 88732J207 2,833 18,900 SH   SOLE 0 0 0 18,900
TIME WARNER INC COMMON STOCK 887317303 6,392 75,700 SH   SOLE 0 0 0 75,700
TJX COMPANIES INC COMMON STOCK 872540109 2,837 40,500 SH   SOLE 0 0 0 40,500
TRAVELERS COS INC/THE COMMON STOCK 89417E109 4,109 38,000 SH   SOLE 0 0 0 38,000
UDR INC COMMON STOCK 902653104 2,786 81,867 SH   SOLE 0 0 0 81,867
UNION PACIFIC CORP COMMON STOCK 907818108 5,134 47,400 SH   SOLE 0 0 0 47,400
UNITED PARCEL SERVICE-CL B COMMON STOCK 911312106 2,840 29,300 SH   SOLE 0 0 0 29,300
UNITED TECHNOLOGIES CORP COMMON STOCK 913017109 6,540 55,800 SH   SOLE 0 0 0 55,800
UNITEDHEALTH GROUP INC COMMON STOCK 91324P102 8,753 74,000 SH   SOLE 0 0 0 74,000
URBAN EDGE PROPERTIES-W/I COMMON STOCK 91704F104 329 13,882 SH   SOLE 0 0 0 13,882
US BANCORP COMMON STOCK 902973304 2,520 57,700 SH   SOLE 0 0 0 57,700
VENTAS INC COMMON STOCK 92276F100 5,161 70,682 SH   SOLE 0 0 0 70,682
VF CORP COMMON STOCK 918204108 3,291 43,700 SH   SOLE 0 0 0 43,700
VORNADO REALTY TRUST COMMON STOCK 929042109 3,110 27,765 SH   SOLE 0 0 0 27,765
WALT DISNEY CO/THE COMMON STOCK 254687106 6,975 66,500 SH   SOLE 0 0 0 66,500
WASTE MANAGEMENT INC COMMON STOCK 94106L109 2,793 51,500 SH   SOLE 0 0 0 51,500
WEINGARTEN REALTY INVESTORS COMMON STOCK 948741103 1,631 45,336 SH   SOLE 0 0 0 45,336
WELLS FARGO and CO COMMON STOCK 949746101 12,947 238,000 SH   SOLE 0 0 0 238,000
WISCONSIN ENERGY CORP COMMON STOCK 976657106 6,237 126,000 SH   SOLE 0 0 0 126,000
ZIMMER HOLDINGS INC COMMON STOCK 98956P102 2,985 25,400 SH   SOLE 0 0 0 25,400