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 4,020 21,100 SH   SOLE 0 0 0 21,100
A SITE CENTER REIT COMMON STOCK 23317H854 991 89,500 SH   SOLE 0 0 0 89,500
AFLAC INC COMMON STOCK 001055102 2,911 63,900 SH   SOLE 0 0 0 63,900
AGNC INVESTMENT CORP COMMON STOCK 00123Q104 2,236 127,500 SH   SOLE 0 0 0 127,500
ALEXANDRIA REAL ESTATE EQUIT COMMON STOCK 015271109 1,948 16,900 SH   SOLE 0 0 0 16,900
ALLEGHANY CORP COMMON STOCK 017175100 2,057 3,300 SH   SOLE 0 0 0 3,300
ALLSTATE CORP COMMON STOCK 020002101 2,396 29,000 SH   SOLE 0 0 0 29,000
ALTRIA GROUP INC COMMON STOCK 02209S103 3,121 63,200 SH   SOLE 0 0 0 63,200
AMERICAN CAMPUS COMMUNITIES COMMON STOCK 024835100 2,483 60,000 SH   SOLE 0 0 0 60,000
AMERICAN HOMES 4 RENT- A COMMON STOCK 02665T306 1,211 61,000 SH   SOLE 0 0 0 61,000
AMERIPRISE FINANCIAL INC COMMON STOCK 03076C106 1,931 18,500 SH   SOLE 0 0 0 18,500
AMGEN INC COMMON STOCK 031162100 3,738 19,200 SH   SOLE 0 0 0 19,200
AMPHENOL CORP-CL A COMMON STOCK 032095101 2,026 25,000 SH   SOLE 0 0 0 25,000
APARTMENT INVT and MGMT CO -A COMMON STOCK 03748R101 2,699 61,500 SH   SOLE 0 0 0 61,500
APPLE HOSPITALITY REIT INC COMMON STOCK 03784Y200 428 30,000 SH   SOLE 0 0 0 30,000
APPLE INC COMMON STOCK 037833100 9,875 62,600 SH   SOLE 0 0 0 62,600
ARCHER-DANIELS-MIDLAND CO COMMON STOCK 039483102 1,954 47,700 SH   SOLE 0 0 0 47,700
ARMADA HOFFLER PROPERTIES IN COMMON STOCK 04208T108 1,055 75,000 SH   SOLE 0 0 0 75,000
AUTOMATIC DATA PROCESSING COMMON STOCK 053015103 3,514 26,800 SH   SOLE 0 0 0 26,800
AUTOZONE INC COMMON STOCK 053332102 2,683 3,200 SH   SOLE 0 0 0 3,200
AVALONBAY COMMUNITIES INC COMMON STOCK 053484101 5,068 29,120 SH   SOLE 0 0 0 29,120
AVERY DENNISON CORP COMMON STOCK 053611109 2,228 24,800 SH   SOLE 0 0 0 24,800
BEST BUY CO INC COMMON STOCK 086516101 1,668 31,500 SH   SOLE 0 0 0 31,500
BIOGEN INC COMMON STOCK 09062X103 2,799 9,300 SH   SOLE 0 0 0 9,300
BOOKING HOLDINGS INC COMMON STOCK 741503403 3,273 1,900 SH   SOLE 0 0 0 1,900
BOSTON PROPERTIES INC COMMON STOCK 101121101 1,848 16,417 SH   SOLE 0 0 0 16,417
BRANDYWINE REALTY TRUST COMMON STOCK 105368203 2,335 181,400 SH   SOLE 0 0 0 181,400
BRISTOL-MYERS SQUIBB CO COMMON STOCK 110122108 3,379 65,000 SH   SOLE 0 0 0 65,000
BRIXMOR PROPERTY GROUP INC COMMON STOCK 11120U105 1,631 111,000 SH   SOLE 0 0 0 111,000
BROADRIDGE FINANCIAL SOLUTIO COMMON STOCK 11133T103 1,723 17,900 SH   SOLE 0 0 0 17,900
BROOKFIELD PROPERTY PARTNERS COMMON STOCK 000000000 518 32,148 SH   SOLE 0 0 0 32,148
CAMDEN PROPERTY TRUST COMMON STOCK 133131102 3,114 35,369 SH   SOLE 0 0 0 35,369
CBL and ASSOCIATES PROPERTIES COMMON STOCK 124830100 175 91,000 SH   SOLE 0 0 0 91,000
CBS CORP-CLASS B NON VOTING COMMON STOCK 124857202 1,924 44,000 SH   SOLE 0 0 0 44,000
CDK GLOBAL INC COMMON STOCK 12508E101 1,939 40,500 SH   SOLE 0 0 0 40,500
CDW CORP/DE COMMON STOCK 12514G108 2,188 27,000 SH   SOLE 0 0 0 27,000
CELGENE CORP COMMON STOCK 151020104 2,435 38,000 SH   SOLE 0 0 0 38,000
CENTERPOINT ENERGY INC COMMON STOCK 15189T107 2,428 86,000 SH   SOLE 0 0 0 86,000
CHATHAM LODGING TRUST COMMON STOCK 16208T102 849 48,000 SH   SOLE 0 0 0 48,000
CHESAPEAKE LODGING TRUST COMMON STOCK 165240102 1,254 51,500 SH   SOLE 0 0 0 51,500
CIGNA ORD COMMON STOCK 125509109 3,210 16,900 SH   SOLE 0 0 0 16,900
CINTAS CORP COMMON STOCK 172908105 2,016 12,000 SH   SOLE 0 0 0 12,000
CISCO SYSTEMS INC COMMON STOCK 17275R102 5,763 133,000 SH   SOLE 0 0 0 133,000
CITRIX SYSTEMS INC COMMON STOCK 177376100 2,254 22,000 SH   SOLE 0 0 0 22,000
COGNIZANT TECH SOLUTIONS-A COMMON STOCK 192446102 2,393 37,700 SH   SOLE 0 0 0 37,700
COLUMBIA PROPERTY TRUST INC COMMON STOCK 198287203 1,664 86,000 SH   SOLE 0 0 0 86,000
CORPORATE OFFICE PROPERTIES COMMON STOCK 22002T108 1,998 95,000 SH   SOLE 0 0 0 95,000
COUSINS PROPERTIES INC COMMON STOCK 222795106 1,351 171,000 SH   SOLE 0 0 0 171,000
CSX CORP COMMON STOCK 126408103 2,659 42,800 SH   SOLE 0 0 0 42,800
CUBESMART COMMON STOCK 229663109 1,779 62,000 SH   SOLE 0 0 0 62,000
CVS HEALTH CORP COMMON STOCK 126650100 1,010 15,415 SH   SOLE 0 0 0 15,415
CYRUSONE INC COMMON STOCK 23283R100 2,343 44,300 SH   SOLE 0 0 0 44,300
Colony Capital Inc COMMON STOCK 19625W104 1,606 343,163 SH   SOLE 0 0 0 343,163
DARDEN RESTAURANTS INC COMMON STOCK 237194105 1,867 18,700 SH   SOLE 0 0 0 18,700
DIAMONDROCK HOSPITALITY CO COMMON STOCK 252784301 1,344 148,000 SH   SOLE 0 0 0 148,000
DIGITAL REALTY TRUST INC COMMON STOCK 253868103 4,001 37,550 SH   SOLE 0 0 0 37,550
DOLLAR GENERAL CORP COMMON STOCK 256677105 2,756 25,500 SH   SOLE 0 0 0 25,500
DOMINION ENERGY INC COMMON STOCK 25746U109 3,244 45,400 SH   SOLE 0 0 0 45,400
DUKE ENERGY CORP COMMON STOCK 26441C204 1,579 18,300 SH   SOLE 0 0 0 18,300
DUKE REALTY CORP COMMON STOCK 264411505 985 38,024 SH   SOLE 0 0 0 38,024
EASTGROUP PROPERTIES INC COMMON STOCK 277276101 1,605 17,500 SH   SOLE 0 0 0 17,500
EATON VANCE CORP COMMON STOCK 278265103 1,530 43,500 SH   SOLE 0 0 0 43,500
EMERSON ELECTRIC CO COMMON STOCK 291011104 2,402 40,200 SH   SOLE 0 0 0 40,200
EMPIRE STATE REALTY TRUST-A COMMON STOCK 292104106 612 43,000 SH   SOLE 0 0 0 43,000
EPR PROPERTIES COMMON STOCK 26884U109 2,644 41,300 SH   SOLE 0 0 0 41,300
EQUITY RESIDENTIAL COMMON STOCK 29476L107 4,578 69,356 SH   SOLE 0 0 0 69,356
ESSEX PROPERTY TRUST INC COMMON STOCK 297178105 2,158 8,800 SH   SOLE 0 0 0 8,800
EXPEDITORS INTL WASH INC COMMON STOCK 302130109 2,138 31,400 SH   SOLE 0 0 0 31,400
EXXON MOBIL CORP COMMON STOCK 30231G102 6,696 98,200 SH   SOLE 0 0 0 98,200
F5 NETWORKS INC COMMON STOCK 315616102 2,544 15,700 SH   SOLE 0 0 0 15,700
FARMLAND PARTNERS INC COMMON STOCK 31154R109 235 51,653 SH   SOLE 0 0 0 51,653
FASTENAL CO COMMON STOCK 311900104 2,092 40,000 SH   SOLE 0 0 0 40,000
FEDEX CORP COMMON STOCK 31428X106 2,097 13,000 SH   SOLE 0 0 0 13,000
FISERV INC COMMON STOCK 337738108 2,859 38,900 SH   SOLE 0 0 0 38,900
FRANKLIN STREET PROPERTIES C COMMON STOCK 35471R106 280 45,000 SH   SOLE 0 0 0 45,000
GAMING AND LEISURE PROPERTIE COMMON STOCK 36467J108 2,746 85,000 SH   SOLE 0 0 0 85,000
GLOBAL NET LEASE INC COMMON STOCK 379378201 1,205 68,408 SH   SOLE 0 0 0 68,408
HCP INC COMMON STOCK 40414L109 2,642 94,593 SH   SOLE 0 0 0 94,593
HEALTHCARE REALTY TRUST INC COMMON STOCK 421946104 304 10,682 SH   SOLE 0 0 0 10,682
HEALTHCARE TRUST OF AME-CL A COMMON STOCK 42225P501 2,151 85,000 SH   SOLE 0 0 0 85,000
HERSHA HOSPITALITY TRUST COMMON STOCK 427825500 351 20,000 SH   SOLE 0 0 0 20,000
HERSHEY CO/THE COMMON STOCK 427866108 2,519 23,500 SH   SOLE 0 0 0 23,500
HIGHWOODS PROPERTIES INC COMMON STOCK 431284108 1,540 39,802 SH   SOLE 0 0 0 39,802
HOME DEPOT INC COMMON STOCK 437076102 5,103 29,700 SH   SOLE 0 0 0 29,700
HOSPITALITY PROPERTIES TRUST COMMON STOCK 44106M102 1,754 73,434 SH   SOLE 0 0 0 73,434
HOST HOTELS and RESORTS INC COMMON STOCK 44107P104 3,067 183,998 SH   SOLE 0 0 0 183,998
HUDSON PACIFIC PROPERTIES IN COMMON STOCK 444097109 1,758 60,500 SH   SOLE 0 0 0 60,500
HUMANA INC COMMON STOCK 444859102 2,893 10,100 SH   SOLE 0 0 0 10,100
HUNT (JB) TRANSPRT SVCS INC COMMON STOCK 445658107 1,693 18,200 SH   SOLE 0 0 0 18,200
IDEX CORP COMMON STOCK 45167R104 1,995 15,800 SH   SOLE 0 0 0 15,800
ILLINOIS TOOL WORKS COMMON STOCK 452308109 2,673 21,100 SH   SOLE 0 0 0 21,100
INDUSTRIAL LOGISTICS PROPERT COMMON STOCK 456237106 2,742 139,416 SH   SOLE 0 0 0 139,416
INFRAREIT INC COMMON STOCK 45685L100 1,307 62,180 SH   SOLE 0 0 0 62,180
INGERSOLL-RAND PLC COMMON STOCK 000000000 2,317 25,400 SH   SOLE 0 0 0 25,400
INTL BUSINESS MACHINES CORP COMMON STOCK 459200101 3,672 32,300 SH   SOLE 0 0 0 32,300
INTUIT INC COMMON STOCK 461202103 2,657 13,500 SH   SOLE 0 0 0 13,500
INVITATION HOMES INC COMMON STOCK 46187W107 519 25,824 SH   SOLE 0 0 0 25,824
IRON MOUNTAIN INC COMMON STOCK 46284V101 2,512 77,500 SH   SOLE 0 0 0 77,500
JBG SMITH PROPERTIES COMMON STOCK 46590V100 953 27,382 SH   SOLE 0 0 0 27,382
KENNEDY-WILSON HOLDINGS INC COMMON STOCK 489398107 1,092 60,081 SH   SOLE 0 0 0 60,081
KILROY REALTY CORP COMMON STOCK 49427F108 817 13,000 SH   SOLE 0 0 0 13,000
KIMBERLY-CLARK CORP COMMON STOCK 494368103 3,190 28,000 SH   SOLE 0 0 0 28,000
KIMCO REALTY CORP COMMON STOCK 49446R109 846 57,731 SH   SOLE 0 0 0 57,731
KITE REALTY GROUP TRUST COMMON STOCK 49803T300 1,606 114,000 SH   SOLE 0 0 0 114,000
KLA-TENCOR CORP COMMON STOCK 482480100 2,058 23,000 SH   SOLE 0 0 0 23,000
LABORATORY CRP OF AMER HLDGS COMMON STOCK 50540R409 1,668 13,200 SH   SOLE 0 0 0 13,200
LENNOX INTERNATIONAL INC COMMON STOCK 526107107 2,626 12,000 SH   SOLE 0 0 0 12,000
LIBERTY PROPERTY TRUST COMMON STOCK 531172104 2,978 71,096 SH   SOLE 0 0 0 71,096
LOEWS CORP COMMON STOCK 540424108 2,631 57,800 SH   SOLE 0 0 0 57,800
LOWE'S COS INC COMMON STOCK 548661107 3,177 34,400 SH   SOLE 0 0 0 34,400
Life Storage Inc COMMON STOCK 53223X107 1,999 21,500 SH   SOLE 0 0 0 21,500
MACERICH CO/THE COMMON STOCK 554382101 1,017 23,507 SH   SOLE 0 0 0 23,507
MACK-CALI REALTY CORP COMMON STOCK 554489104 1,371 70,000 SH   SOLE 0 0 0 70,000
MARSH and MCLENNAN COS COMMON STOCK 571748102 2,568 32,200 SH   SOLE 0 0 0 32,200
MASCO CORP COMMON STOCK 574599106 1,994 68,200 SH   SOLE 0 0 0 68,200
MASTERCARD INC - A COMMON STOCK 57636Q104 5,377 28,500 SH   SOLE 0 0 0 28,500
MCDONALD'S CORP COMMON STOCK 580135101 3,995 22,500 SH   SOLE 0 0 0 22,500
MEDICAL PROPERTIES TRUST INC COMMON STOCK 58463J304 2,380 148,000 SH   SOLE 0 0 0 148,000
METTLER-TOLEDO INTERNATIONAL COMMON STOCK 592688105 2,602 4,600 SH   SOLE 0 0 0 4,600
MICROSOFT CORP COMMON STOCK 594918104 10,563 104,000 SH   SOLE 0 0 0 104,000
MID-AMERICA APARTMENT COMM COMMON STOCK 59522J103 2,297 24,000 SH   SOLE 0 0 0 24,000
MID-AMERICA APARTMENT COMM COMMON STOCK 59522J103 3,612 37,740 SH   SOLE 0 0 0 37,740
MONDELEZ INTERNATIONAL INC-A COMMON STOCK 609207105 3,082 77,000 SH   SOLE 0 0 0 77,000
MONMOUTH REAL ESTATE INV COR COMMON STOCK 609720107 1,438 116,000 SH   SOLE 0 0 0 116,000
MOODY'S CORP COMMON STOCK 615369105 2,339 16,700 SH   SOLE 0 0 0 16,700
MOTOROLA SOLUTIONS INC COMMON STOCK 620076307 2,669 23,200 SH   SOLE 0 0 0 23,200
NATIONAL RETAIL PROPERTIES COMMON STOCK 637417106 2,474 51,000 SH   SOLE 0 0 0 51,000
NATL HEALTH INVESTORS INC COMMON STOCK 63633D104 453 6,000 SH   SOLE 0 0 0 6,000
NETAPP INC COMMON STOCK 64110D104 1,671 28,000 SH   SOLE 0 0 0 28,000
NEW SENIOR INVESTMENT GROUP COMMON STOCK 648691103 507 123,000 SH   SOLE 0 0 0 123,000
O'REILLY AUTOMOTIVE INC COMMON STOCK 67103H107 2,892 8,400 SH   SOLE 0 0 0 8,400
OLD DOMINION FREIGHT LINE COMMON STOCK 679580100 1,914 15,500 SH   SOLE 0 0 0 15,500
OMNICOM GROUP COMMON STOCK 681919106 2,051 28,000 SH   SOLE 0 0 0 28,000
PAYCHEX INC COMMON STOCK 704326107 2,241 34,400 SH   SOLE 0 0 0 34,400
PEBBLEBROOK HOTEL TRUST COMMON STOCK 70509V100 1,526 53,911 SH   SOLE 0 0 0 53,911
PEOPLE'S UNITED FINANCIAL COMMON STOCK 712704105 1,789 124,000 SH   SOLE 0 0 0 124,000
PEPSICO INC COMMON STOCK 713448108 5,027 45,500 SH   SOLE 0 0 0 45,500
PFIZER INC COMMON STOCK 717081103 6,561 150,300 SH   SOLE 0 0 0 150,300
PHYSICIANS REALTY TRUST COMMON STOCK 71943U104 1,892 118,000 SH   SOLE 0 0 0 118,000
PPG INDUSTRIES INC COMMON STOCK 693506107 2,832 27,700 SH   SOLE 0 0 0 27,700
PPL CORP COMMON STOCK 69351T106 2,833 100,000 SH   SOLE 0 0 0 100,000
PREFERRED APARTMENT COMMUN-A COMMON STOCK 74039L103 703 50,000 SH   SOLE 0 0 0 50,000
PROCTER and GAMBLE CO/THE COMMON STOCK 742718109 6,297 68,500 SH   SOLE 0 0 0 68,500
PROLOGIS INC COMMON STOCK 74340W103 5,653 96,265 SH   SOLE 0 0 0 96,265
PUBLIC SERVICE ENTERPRISE GP COMMON STOCK 744573106 2,556 49,100 SH   SOLE 0 0 0 49,100
PUBLIC STORAGE COMMON STOCK 74460D109 4,266 21,074 SH   SOLE 0 0 0 21,074
QTS REALTY TRUST INC-CL A COMMON STOCK 74736A103 1,371 37,000 SH   SOLE 0 0 0 37,000
QUEST DIAGNOSTICS INC COMMON STOCK 74834L100 1,749 21,000 SH   SOLE 0 0 0 21,000
REGENCY CENTERS CORP COMMON STOCK 758849103 1,790 30,500 SH   SOLE 0 0 0 30,500
REGENERON PHARMACEUTICALS COMMON STOCK 75886F107 2,502 6,700 SH   SOLE 0 0 0 6,700
RLJ LODGING TRUST COMMON STOCK 74965L101 1,299 79,200 SH   SOLE 0 0 0 79,200
RMR GROUP INC/THE - A COMMON STOCK 74967R106 211 3,983 SH   SOLE 0 0 0 3,983
ROBERT HALF INTL INC COMMON STOCK 770323103 1,665 29,100 SH   SOLE 0 0 0 29,100
ROCKWELL AUTOMATION INC COMMON STOCK 773903109 2,438 16,200 SH   SOLE 0 0 0 16,200
ROSS STORES INC COMMON STOCK 778296103 2,479 29,800 SH   SOLE 0 0 0 29,800
RPT REALTY COMMON STOCK 74971D101 1,658 138,782 SH   SOLE 0 0 0 138,782
SandP GLOBAL INC COMMON STOCK 78409V104 2,719 16,000 SH   SOLE 0 0 0 16,000
SABRA HEALTH CARE REIT INC COMMON STOCK 78573L106 2,110 128,030 SH   SOLE 0 0 0 128,030
SEALED AIR CORP COMMON STOCK 81211K100 1,881 54,000 SH   SOLE 0 0 0 54,000
SEI INVESTMENTS COMPANY COMMON STOCK 784117103 1,793 38,800 SH   SOLE 0 0 0 38,800
SELECT INCOME REIT COMMON STOCK 81618T100 926 125,800 SH   SOLE 0 0 0 125,800
SENIOR HOUSING PROP TRUST COMMON STOCK 81721M109 1,747 149,100 SH   SOLE 0 0 0 149,100
SHERWIN-WILLIAMS CO/THE COMMON STOCK 824348106 2,439 6,200 SH   SOLE 0 0 0 6,200
SIMON PROPERTY GROUP INC COMMON STOCK 828806109 11,441 68,108 SH   SOLE 0 0 0 68,108
SIMON PROPERTY GROUP INC COMMON STOCK 828806109 2,385 14,200 SH   SOLE 0 0 0 14,200
SKYWORKS SOLUTIONS INC COMMON STOCK 83088M102 1,649 24,600 SH   SOLE 0 0 0 24,600
SL GREEN REALTY CORP COMMON STOCK 78440X101 1,338 16,923 SH   SOLE 0 0 0 16,923
SMITH (A.O.) CORP COMMON STOCK 831865209 1,887 44,200 SH   SOLE 0 0 0 44,200
SNAP-ON INC COMMON STOCK 833034101 2,397 16,500 SH   SOLE 0 0 0 16,500
SOUTHERN CO/THE COMMON STOCK 842587107 2,622 59,700 SH   SOLE 0 0 0 59,700
SPIRIT MTA REIT COMMON STOCK 84861U105 62 8,700 SH   SOLE 0 0 0 8,700
SPIRIT REALTY CAPITAL INC COMMON STOCK 84860W300 1,572 44,600 SH   SOLE 0 0 0 44,600
STAG INDUSTRIAL INC COMMON STOCK 85254J102 1,580 63,500 SH   SOLE 0 0 0 63,500
STARBUCKS CORP COMMON STOCK 855244109 4,070 63,200 SH   SOLE 0 0 0 63,200
STORE CAPITAL CORP COMMON STOCK 862121100 453 16,000 SH   SOLE 0 0 0 16,000
STRYKER CORP COMMON STOCK 863667101 2,618 16,700 SH   SOLE 0 0 0 16,700
SUMMIT HOTEL PROPERTIES INC COMMON STOCK 866082100 477 49,000 SH   SOLE 0 0 0 49,000
SUNSTONE HOTEL INVESTORS INC COMMON STOCK 867892101 390 30,000 SH   SOLE 0 0 0 30,000
SYNOPSYS INC COMMON STOCK 871607107 2,190 26,000 SH   SOLE 0 0 0 26,000
SYSCO CORP COMMON STOCK 871829107 2,087 33,300 SH   SOLE 0 0 0 33,300
TANGER FACTORY OUTLET CENTER COMMON STOCK 875465106 1,577 78,000 SH   SOLE 0 0 0 78,000
TAUBMAN CENTERS INC COMMON STOCK 876664103 728 16,000 SH   SOLE 0 0 0 16,000
TD AMERITRADE HOLDING CORP COMMON STOCK 87236Y108 1,968 40,200 SH   SOLE 0 0 0 40,200
TEXAS INSTRUMENTS INC COMMON STOCK 882508104 3,251 34,400 SH   SOLE 0 0 0 34,400
TIER REIT INC COMMON STOCK 88650V208 920 44,600 SH   SOLE 0 0 0 44,600
TJX COMPANIES INC COMMON STOCK 872540109 2,711 60,600 SH   SOLE 0 0 0 60,600
TORCHMARK CORP COMMON STOCK 891027104 2,400 32,200 SH   SOLE 0 0 0 32,200
TRACTOR SUPPLY COMPANY COMMON STOCK 892356106 2,403 28,800 SH   SOLE 0 0 0 28,800
TRAVELERS COS INC/THE COMMON STOCK 89417E109 2,802 23,400 SH   SOLE 0 0 0 23,400
UDR INC COMMON STOCK 902653104 2,273 57,367 SH   SOLE 0 0 0 57,367
UMH PROPERTIES INC COMMON STOCK 903002103 915 77,283 SH   SOLE 0 0 0 77,283
UNION PACIFIC CORP COMMON STOCK 907818108 4,119 29,800 SH   SOLE 0 0 0 29,800
UNITED CONTINENTAL HOLDINGS COMMON STOCK 910047109 2,261 27,000 SH   SOLE 0 0 0 27,000
UNITED PARCEL SERVICE-CL B COMMON STOCK 911312106 3,277 33,600 SH   SOLE 0 0 0 33,600
UNITEDHEALTH GROUP INC COMMON STOCK 91324P102 5,605 22,500 SH   SOLE 0 0 0 22,500
UNITI GROUP INC COMMON STOCK 91325V108 701 45,000 SH   SOLE 0 0 0 45,000
US BANCORP COMMON STOCK 902973304 3,025 66,200 SH   SOLE 0 0 0 66,200
VENTAS INC COMMON STOCK 92276F100 3,661 62,482 SH   SOLE 0 0 0 62,482
VEREIT INC COMMON STOCK 92339V100 2,717 380,000 SH   SOLE 0 0 0 380,000
VERIZON COMMUNICATIONS INC COMMON STOCK 92343V104 5,397 96,000 SH   SOLE 0 0 0 96,000
VF CORP COMMON STOCK 918204108 2,083 29,200 SH   SOLE 0 0 0 29,200
VISA INC-CLASS A SHARES COMMON STOCK 92826C839 6,386 48,400 SH   SOLE 0 0 0 48,400
VORNADO REALTY TRUST COMMON STOCK 929042109 1,722 27,765 SH   SOLE 0 0 0 27,765
WASHINGTON REIT COMMON STOCK 939653101 368 16,000 SH   SOLE 0 0 0 16,000
WASTE MANAGEMENT INC COMMON STOCK 94106L109 3,177 35,700 SH   SOLE 0 0 0 35,700
WEINGARTEN REALTY INVESTORS COMMON STOCK 948741103 1,125 45,336 SH   SOLE 0 0 0 45,336
WELLTOWER INC COMMON STOCK 95040Q104 4,439 63,953 SH   SOLE 0 0 0 63,953
WW GRAINGER INC COMMON STOCK 384802104 1,920 6,800 SH   SOLE 0 0 0 6,800
YUM! BRANDS INC COMMON STOCK 988498101 2,905 31,600 SH   SOLE 0 0 0 31,600
ZOETIS INC COMMON STOCK 98978V103 2,977 34,800 SH   SOLE 0 0 0 34,800