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 4,072 19,600 SH   SOLE 0 0 0 19,600
A SITE CENTER REIT COMMON STOCK 23317H854 1,219 89,500 SH   SOLE 0 0 0 89,500
AFLAC INC COMMON STOCK 001055102 2,845 56,900 SH   SOLE 0 0 0 56,900
AGILENT TECHNOLOGIES INC COMMON STOCK 00846U101 2,411 30,000 SH   SOLE 0 0 0 30,000
AGNC INVESTMENT CORP COMMON STOCK 00123Q104 2,295 127,500 SH   SOLE 0 0 0 127,500
ALEXANDRIA REAL ESTATE EQUIT COMMON STOCK 015271109 2,409 16,900 SH   SOLE 0 0 0 16,900
ALLEGHANY CORP COMMON STOCK 017175100 2,021 3,300 SH   SOLE 0 0 0 3,300
ALLSTATE CORP COMMON STOCK 020002101 2,731 29,000 SH   SOLE 0 0 0 29,000
ALTRIA GROUP INC COMMON STOCK 02209S103 4,089 71,200 SH   SOLE 0 0 0 71,200
AMERICAN CAMPUS COMMUNITIES COMMON STOCK 024835100 2,855 60,000 SH   SOLE 0 0 0 60,000
AMERICAN FINANCIAL GROUP INC COMMON STOCK 025932104 2,117 22,000 SH   SOLE 0 0 0 22,000
AMERICAN HOMES 4 RENT- A COMMON STOCK 02665T306 1,386 61,000 SH   SOLE 0 0 0 61,000
AMERIPRISE FINANCIAL INC COMMON STOCK 03076C106 2,370 18,500 SH   SOLE 0 0 0 18,500
AMGEN INC COMMON STOCK 031162100 4,218 22,200 SH   SOLE 0 0 0 22,200
AMPHENOL CORP-CL A COMMON STOCK 032095101 2,644 28,000 SH   SOLE 0 0 0 28,000
ANTHEM INC COMMON STOCK 036752103 2,870 10,000 SH   SOLE 0 0 0 10,000
APARTMENT INVT and MGMT CO -A COMMON STOCK 03748R754 2,591 51,525 SH   SOLE 0 0 0 51,525
APPLE HOSPITALITY REIT INC COMMON STOCK 03784Y200 489 30,000 SH   SOLE 0 0 0 30,000
APPLE INC COMMON STOCK 037833100 11,701 61,600 SH   SOLE 0 0 0 61,600
ARCHER-DANIELS-MIDLAND CO COMMON STOCK 039483102 2,359 54,700 SH   SOLE 0 0 0 54,700
ARMADA HOFFLER PROPERTIES IN COMMON STOCK 04208T108 1,169 75,000 SH   SOLE 0 0 0 75,000
AUTOMATIC DATA PROCESSING COMMON STOCK 053015103 3,482 21,800 SH   SOLE 0 0 0 21,800
AUTOZONE INC COMMON STOCK 053332102 2,765 2,700 SH   SOLE 0 0 0 2,700
AVALONBAY COMMUNITIES INC COMMON STOCK 053484101 5,845 29,120 SH   SOLE 0 0 0 29,120
AVERY DENNISON CORP COMMON STOCK 053611109 2,463 21,800 SH   SOLE 0 0 0 21,800
BBandT CORP COMMON STOCK 054937107 2,466 53,000 SH   SOLE 0 0 0 53,000
BEST BUY CO INC COMMON STOCK 086516101 2,736 38,500 SH   SOLE 0 0 0 38,500
BIOGEN INC COMMON STOCK 09062X103 2,198 9,300 SH   SOLE 0 0 0 9,300
BOOKING HOLDINGS INC COMMON STOCK 741503403 3,315 1,900 SH   SOLE 0 0 0 1,900
BOSTON PROPERTIES INC COMMON STOCK 101121101 2,198 16,417 SH   SOLE 0 0 0 16,417
BRANDYWINE REALTY TRUST COMMON STOCK 105368203 2,877 181,400 SH   SOLE 0 0 0 181,400
BRISTOL-MYERS SQUIBB CO COMMON STOCK 110122108 3,101 65,000 SH   SOLE 0 0 0 65,000
BRIXMOR PROPERTY GROUP INC COMMON STOCK 11120U105 2,039 111,000 SH   SOLE 0 0 0 111,000
BROADRIDGE FINANCIAL SOLUTIO COMMON STOCK 11133T103 2,271 21,900 SH   SOLE 0 0 0 21,900
C.H. ROBINSON WORLDWIDE INC COMMON STOCK 12541W209 2,175 25,000 SH   SOLE 0 0 0 25,000
CAMDEN PROPERTY TRUST COMMON STOCK 133131102 3,082 30,369 SH   SOLE 0 0 0 30,369
CBL and ASSOCIATES PROPERTIES COMMON STOCK 124830100 141 91,000 SH   SOLE 0 0 0 91,000
CBS CORP-CLASS B NON VOTING COMMON STOCK 124857202 2,091 44,000 SH   SOLE 0 0 0 44,000
CDK GLOBAL INC COMMON STOCK 12508E101 2,382 40,500 SH   SOLE 0 0 0 40,500
CDW CORP/DE COMMON STOCK 12514G108 2,602 27,000 SH   SOLE 0 0 0 27,000
CELGENE CORP COMMON STOCK 151020104 3,113 33,000 SH   SOLE 0 0 0 33,000
CHATHAM LODGING TRUST COMMON STOCK 16208T102 500 26,000 SH   SOLE 0 0 0 26,000
CHESAPEAKE LODGING TRUST COMMON STOCK 165240102 932 33,500 SH   SOLE 0 0 0 33,500
CIGNA ORD COMMON STOCK 125509109 2,718 16,900 SH   SOLE 0 0 0 16,900
CINTAS CORP COMMON STOCK 172908105 2,425 12,000 SH   SOLE 0 0 0 12,000
CISCO SYSTEMS INC COMMON STOCK 17275R102 6,371 118,000 SH   SOLE 0 0 0 118,000
CITRIX SYSTEMS INC COMMON STOCK 177376100 2,193 22,000 SH   SOLE 0 0 0 22,000
COGNIZANT TECH SOLUTIONS-A COMMON STOCK 192446102 2,731 37,700 SH   SOLE 0 0 0 37,700
COLUMBIA PROPERTY TRUST INC COMMON STOCK 198287203 1,936 86,000 SH   SOLE 0 0 0 86,000
CORPORATE OFFICE PROPERTIES COMMON STOCK 22002T108 2,594 95,000 SH   SOLE 0 0 0 95,000
COUSINS PROPERTIES INC COMMON STOCK 222795106 1,652 171,000 SH   SOLE 0 0 0 171,000
CSX CORP COMMON STOCK 126408103 3,202 42,800 SH   SOLE 0 0 0 42,800
CUBESMART COMMON STOCK 229663109 1,506 47,000 SH   SOLE 0 0 0 47,000
CVS HEALTH CORP COMMON STOCK 126650100 2,719 50,415 SH   SOLE 0 0 0 50,415
CYRUSONE INC COMMON STOCK 23283R100 2,323 44,300 SH   SOLE 0 0 0 44,300
Colony Capital Inc COMMON STOCK 19625W104 1,826 343,163 SH   SOLE 0 0 0 343,163
DARDEN RESTAURANTS INC COMMON STOCK 237194105 2,514 20,700 SH   SOLE 0 0 0 20,700
DIAMONDROCK HOSPITALITY CO COMMON STOCK 252784301 412 38,000 SH   SOLE 0 0 0 38,000
DIGITAL REALTY TRUST INC COMMON STOCK 253868103 4,468 37,550 SH   SOLE 0 0 0 37,550
DOLLAR GENERAL CORP COMMON STOCK 256677105 2,625 22,000 SH   SOLE 0 0 0 22,000
DOMINION ENERGY INC COMMON STOCK 25746U109 3,174 41,400 SH   SOLE 0 0 0 41,400
DUKE REALTY CORP COMMON STOCK 264411505 1,163 38,024 SH   SOLE 0 0 0 38,024
EASTGROUP PROPERTIES INC COMMON STOCK 277276101 692 6,200 SH   SOLE 0 0 0 6,200
EMERSON ELECTRIC CO COMMON STOCK 291011104 2,752 40,200 SH   SOLE 0 0 0 40,200
EMPIRE STATE REALTY TRUST-A COMMON STOCK 292104106 679 43,000 SH   SOLE 0 0 0 43,000
EPR PROPERTIES COMMON STOCK 26884U109 2,638 34,300 SH   SOLE 0 0 0 34,300
EQUITY RESIDENTIAL COMMON STOCK 29476L107 4,697 62,356 SH   SOLE 0 0 0 62,356
ESSEX PROPERTY TRUST INC COMMON STOCK 297178105 2,545 8,800 SH   SOLE 0 0 0 8,800
EXELON CORP COMMON STOCK 30161N101 3,008 60,000 SH   SOLE 0 0 0 60,000
EXPEDITORS INTL WASH INC COMMON STOCK 302130109 2,383 31,400 SH   SOLE 0 0 0 31,400
EXXON MOBIL CORP COMMON STOCK 30231G102 7,773 96,200 SH   SOLE 0 0 0 96,200
F5 NETWORKS INC COMMON STOCK 315616102 2,150 13,700 SH   SOLE 0 0 0 13,700
FARMLAND PARTNERS INC COMMON STOCK 31154R109 331 51,653 SH   SOLE 0 0 0 51,653
FASTENAL CO COMMON STOCK 311900104 2,572 40,000 SH   SOLE 0 0 0 40,000
FIRSTENERGY CORP COMMON STOCK 337932107 2,497 60,000 SH   SOLE 0 0 0 60,000
FISERV INC COMMON STOCK 337738108 2,728 30,900 SH   SOLE 0 0 0 30,900
FRANKLIN STREET PROPERTIES C COMMON STOCK 35471R106 324 45,000 SH   SOLE 0 0 0 45,000
GAMING AND LEISURE PROPERTIE COMMON STOCK 36467J108 2,893 75,000 SH   SOLE 0 0 0 75,000
GLOBAL NET LEASE INC COMMON STOCK 379378201 1,293 68,408 SH   SOLE 0 0 0 68,408
HCP INC COMMON STOCK 40414L109 2,961 94,593 SH   SOLE 0 0 0 94,593
HEALTHCARE REALTY TRUST INC COMMON STOCK 421946104 343 10,682 SH   SOLE 0 0 0 10,682
HEALTHCARE TRUST OF AME-CL A COMMON STOCK 42225P501 2,430 85,000 SH   SOLE 0 0 0 85,000
HERSHA HOSPITALITY TRUST COMMON STOCK 427825500 343 20,000 SH   SOLE 0 0 0 20,000
HERSHEY CO/THE COMMON STOCK 427866108 2,699 23,500 SH   SOLE 0 0 0 23,500
HIGHWOODS PROPERTIES INC COMMON STOCK 431284108 1,862 39,802 SH   SOLE 0 0 0 39,802
HOME DEPOT INC COMMON STOCK 437076102 5,699 29,700 SH   SOLE 0 0 0 29,700
HOSPITALITY PROPERTIES TRUST COMMON STOCK 44106M102 1,932 73,434 SH   SOLE 0 0 0 73,434
HOST HOTELS and RESORTS INC COMMON STOCK 44107P104 3,478 183,998 SH   SOLE 0 0 0 183,998
HUDSON PACIFIC PROPERTIES IN COMMON STOCK 444097109 2,082 60,500 SH   SOLE 0 0 0 60,500
HUMANA INC COMMON STOCK 444859102 2,421 9,100 SH   SOLE 0 0 0 9,100
HUNT (JB) TRANSPRT SVCS INC COMMON STOCK 445658107 1,843 18,200 SH   SOLE 0 0 0 18,200
IDEX CORP COMMON STOCK 45167R104 2,397 15,800 SH   SOLE 0 0 0 15,800
ILLINOIS TOOL WORKS COMMON STOCK 452308109 2,885 20,100 SH   SOLE 0 0 0 20,100
INDUSTRIAL LOGISTICS PROPERT COMMON STOCK 456237106 2,812 139,415 SH   SOLE 0 0 0 139,415
INFRAREIT INC COMMON STOCK 45685L100 523 24,933 SH   SOLE 0 0 0 24,933
INGERSOLL-RAND PLC COMMON STOCK 000000000 2,742 25,400 SH   SOLE 0 0 0 25,400
INTL BUSINESS MACHINES CORP COMMON STOCK 459200101 4,134 29,300 SH   SOLE 0 0 0 29,300
INTUIT INC COMMON STOCK 461202103 3,529 13,500 SH   SOLE 0 0 0 13,500
INVITATION HOMES INC COMMON STOCK 46187W107 628 25,824 SH   SOLE 0 0 0 25,824
IRON MOUNTAIN INC COMMON STOCK 46284V101 2,748 77,500 SH   SOLE 0 0 0 77,500
KENNEDY-WILSON HOLDINGS INC COMMON STOCK 489398107 729 34,081 SH   SOLE 0 0 0 34,081
KILROY REALTY CORP COMMON STOCK 49427F108 987 13,000 SH   SOLE 0 0 0 13,000
KIMBERLY-CLARK CORP COMMON STOCK 494368103 3,098 25,000 SH   SOLE 0 0 0 25,000
KIMCO REALTY CORP COMMON STOCK 49446R109 1,068 57,731 SH   SOLE 0 0 0 57,731
KITE REALTY GROUP TRUST COMMON STOCK 49803T300 1,423 89,000 SH   SOLE 0 0 0 89,000
KLA-TENCOR CORP COMMON STOCK 482480100 2,746 23,000 SH   SOLE 0 0 0 23,000
LENNOX INTERNATIONAL INC COMMON STOCK 526107107 2,644 10,000 SH   SOLE 0 0 0 10,000
LIBERTY PROPERTY TRUST COMMON STOCK 531172104 2,716 56,096 SH   SOLE 0 0 0 56,096
LOEWS CORP COMMON STOCK 540424108 2,291 47,800 SH   SOLE 0 0 0 47,800
LOWE'S COS INC COMMON STOCK 548661107 3,766 34,400 SH   SOLE 0 0 0 34,400
Life Storage Inc COMMON STOCK 53223X107 1,216 12,500 SH   SOLE 0 0 0 12,500
MACERICH CO/THE COMMON STOCK 554382101 1,019 23,507 SH   SOLE 0 0 0 23,507
MACK-CALI REALTY CORP COMMON STOCK 554489104 1,554 70,000 SH   SOLE 0 0 0 70,000
MARSH and MCLENNAN COS COMMON STOCK 571748102 3,024 32,200 SH   SOLE 0 0 0 32,200
MASCO CORP COMMON STOCK 574599106 2,681 68,200 SH   SOLE 0 0 0 68,200
MASTERCARD INC - A COMMON STOCK 57636Q104 5,769 24,500 SH   SOLE 0 0 0 24,500
MCDONALD'S CORP COMMON STOCK 580135101 4,558 24,000 SH   SOLE 0 0 0 24,000
MEDICAL PROPERTIES TRUST INC COMMON STOCK 58463J304 2,184 118,000 SH   SOLE 0 0 0 118,000
METTLER-TOLEDO INTERNATIONAL COMMON STOCK 592688105 2,603 3,600 SH   SOLE 0 0 0 3,600
MICROSOFT CORP COMMON STOCK 594918104 11,735 99,500 SH   SOLE 0 0 0 99,500
MID-AMERICA APARTMENT COMM COMMON STOCK 59522J103 2,351 21,500 SH   SOLE 0 0 0 21,500
MID-AMERICA APARTMENT COMM COMMON STOCK 59522J103 3,579 32,740 SH   SOLE 0 0 0 32,740
MONMOUTH REAL ESTATE INV COR COMMON STOCK 609720107 1,885 143,000 SH   SOLE 0 0 0 143,000
MOTOROLA SOLUTIONS INC COMMON STOCK 620076307 2,836 20,200 SH   SOLE 0 0 0 20,200
NATL HEALTH INVESTORS INC COMMON STOCK 63633D104 1,728 22,000 SH   SOLE 0 0 0 22,000
NETAPP INC COMMON STOCK 64110D104 2,427 35,000 SH   SOLE 0 0 0 35,000
NEW SENIOR INVESTMENT GROUP COMMON STOCK 648691103 289 53,000 SH   SOLE 0 0 0 53,000
O'REILLY AUTOMOTIVE INC COMMON STOCK 67103H107 2,873 7,400 SH   SOLE 0 0 0 7,400
OFFICE PROPERTIES INCOME TRUST COMMON STOCK 67623C109 904 32,708 SH   SOLE 0 0 0 32,708
OLD DOMINION FREIGHT LINE COMMON STOCK 679580100 2,238 15,500 SH   SOLE 0 0 0 15,500
OMNICOM GROUP COMMON STOCK 681919106 2,044 28,000 SH   SOLE 0 0 0 28,000
PAYCHEX INC COMMON STOCK 704326107 2,759 34,400 SH   SOLE 0 0 0 34,400
PEBBLEBROOK HOTEL TRUST COMMON STOCK 70509V100 743 23,911 SH   SOLE 0 0 0 23,911
PEOPLE'S UNITED FINANCIAL COMMON STOCK 712704105 2,039 124,000 SH   SOLE 0 0 0 124,000
PEPSICO INC COMMON STOCK 713448108 4,963 40,500 SH   SOLE 0 0 0 40,500
PFIZER INC COMMON STOCK 717081103 6,128 144,300 SH   SOLE 0 0 0 144,300
PHYSICIANS REALTY TRUST COMMON STOCK 71943U104 1,749 93,000 SH   SOLE 0 0 0 93,000
PPG INDUSTRIES INC COMMON STOCK 693506107 2,675 23,700 SH   SOLE 0 0 0 23,700
PPL CORP COMMON STOCK 69351T106 2,539 80,000 SH   SOLE 0 0 0 80,000
PREFERRED APARTMENT COMMUN-A COMMON STOCK 74039L103 1,037 70,000 SH   SOLE 0 0 0 70,000
PROCTER and GAMBLE CO/THE COMMON STOCK 742718109 6,399 61,500 SH   SOLE 0 0 0 61,500
PROLOGIS INC COMMON STOCK 74340W103 6,926 96,265 SH   SOLE 0 0 0 96,265
PUBLIC SERVICE ENTERPRISE GP COMMON STOCK 744573106 2,917 49,100 SH   SOLE 0 0 0 49,100
PUBLIC STORAGE COMMON STOCK 74460D109 4,589 21,074 SH   SOLE 0 0 0 21,074
QTS REALTY TRUST INC-CL A COMMON STOCK 74736A103 1,080 24,000 SH   SOLE 0 0 0 24,000
REGENCY CENTERS CORP COMMON STOCK 758849103 2,058 30,500 SH   SOLE 0 0 0 30,500
REGENERON PHARMACEUTICALS COMMON STOCK 75886F107 2,546 6,200 SH   SOLE 0 0 0 6,200
REINSURANCE GROUP OF AMERICA COMMON STOCK 759351604 2,130 15,000 SH   SOLE 0 0 0 15,000
RLJ LODGING TRUST COMMON STOCK 74965L101 1,392 79,200 SH   SOLE 0 0 0 79,200
RMR GROUP INC/THE - A COMMON STOCK 74967R106 93 1,531 SH   SOLE 0 0 0 1,531
ROBERT HALF INTL INC COMMON STOCK 770323103 2,157 33,100 SH   SOLE 0 0 0 33,100
ROCKWELL AUTOMATION INC COMMON STOCK 773903109 2,492 14,200 SH   SOLE 0 0 0 14,200
ROSS STORES INC COMMON STOCK 778296103 2,588 27,800 SH   SOLE 0 0 0 27,800
RPT REALTY COMMON STOCK 74971D101 910 75,782 SH   SOLE 0 0 0 75,782
SandP GLOBAL INC COMMON STOCK 78409V104 3,158 15,000 SH   SOLE 0 0 0 15,000
SABRA HEALTH CARE REIT INC COMMON STOCK 78573L106 2,259 116,030 SH   SOLE 0 0 0 116,030
SEI INVESTMENTS COMPANY COMMON STOCK 784117103 2,289 43,800 SH   SOLE 0 0 0 43,800
SENIOR HOUSING PROP TRUST COMMON STOCK 81721M109 1,756 149,100 SH   SOLE 0 0 0 149,100
SIMON PROPERTY GROUP INC COMMON STOCK 828806109 2,952 16,200 SH   SOLE 0 0 0 16,200
SIMON PROPERTY GROUP INC COMMON STOCK 828806109 11,681 64,108 SH   SOLE 0 0 0 64,108
SKYWORKS SOLUTIONS INC COMMON STOCK 83088M102 2,359 28,600 SH   SOLE 0 0 0 28,600
SL GREEN REALTY CORP COMMON STOCK 78440X101 2,068 23,000 SH   SOLE 0 0 0 23,000
SL GREEN REALTY CORP COMMON STOCK 78440X101 1,522 16,923 SH   SOLE 0 0 0 16,923
SMITH (A.O.) CORP COMMON STOCK 831865209 2,357 44,200 SH   SOLE 0 0 0 44,200
SNAP-ON INC COMMON STOCK 833034101 2,113 13,500 SH   SOLE 0 0 0 13,500
SOUTHERN CO/THE COMMON STOCK 842587107 3,085 59,700 SH   SOLE 0 0 0 59,700
SPIRIT REALTY CAPITAL INC COMMON STOCK 84860W300 1,772 44,600 SH   SOLE 0 0 0 44,600
STAG INDUSTRIAL INC COMMON STOCK 85254J102 1,883 63,500 SH   SOLE 0 0 0 63,500
STARBUCKS CORP COMMON STOCK 855244109 3,806 51,200 SH   SOLE 0 0 0 51,200
STORE CAPITAL CORP COMMON STOCK 862121100 1,307 39,000 SH   SOLE 0 0 0 39,000
STRYKER CORP COMMON STOCK 863667101 3,299 16,700 SH   SOLE 0 0 0 16,700
SUMMIT HOTEL PROPERTIES INC COMMON STOCK 866082100 559 49,000 SH   SOLE 0 0 0 49,000
SUNSTONE HOTEL INVESTORS INC COMMON STOCK 867892101 432 30,000 SH   SOLE 0 0 0 30,000
SYNOPSYS INC COMMON STOCK 871607107 2,994 26,000 SH   SOLE 0 0 0 26,000
SYSCO CORP COMMON STOCK 871829107 2,690 40,300 SH   SOLE 0 0 0 40,300
TANGER FACTORY OUTLET CENTER COMMON STOCK 875465106 1,636 78,000 SH   SOLE 0 0 0 78,000
TAUBMAN CENTERS INC COMMON STOCK 876664103 846 16,000 SH   SOLE 0 0 0 16,000
TD AMERITRADE HOLDING CORP COMMON STOCK 87236Y108 2,010 40,200 SH   SOLE 0 0 0 40,200
TEXAS INSTRUMENTS INC COMMON STOCK 882508104 3,649 34,400 SH   SOLE 0 0 0 34,400
TIER REIT INC COMMON STOCK 88650V208 1,278 44,600 SH   SOLE 0 0 0 44,600
TJX COMPANIES INC COMMON STOCK 872540109 3,225 60,600 SH   SOLE 0 0 0 60,600
TORCHMARK CORP COMMON STOCK 891027104 2,147 26,200 SH   SOLE 0 0 0 26,200
TRACTOR SUPPLY COMPANY COMMON STOCK 892356106 2,424 24,800 SH   SOLE 0 0 0 24,800
TRAVELERS COS INC/THE COMMON STOCK 89417E109 2,798 20,400 SH   SOLE 0 0 0 20,400
UDR INC COMMON STOCK 902653104 2,608 57,367 SH   SOLE 0 0 0 57,367
UMH PROPERTIES INC COMMON STOCK 903002103 529 37,583 SH   SOLE 0 0 0 37,583
UNION PACIFIC CORP COMMON STOCK 907818108 4,147 24,800 SH   SOLE 0 0 0 24,800
UNITED PARCEL SERVICE-CL B COMMON STOCK 911312106 3,531 31,600 SH   SOLE 0 0 0 31,600
UNITEDHEALTH GROUP INC COMMON STOCK 91324P102 5,563 22,500 SH   SOLE 0 0 0 22,500
UNITI GROUP INC COMMON STOCK 91325V108 504 45,000 SH   SOLE 0 0 0 45,000
US BANCORP COMMON STOCK 902973304 3,190 66,200 SH   SOLE 0 0 0 66,200
VENTAS INC COMMON STOCK 92276F100 3,987 62,482 SH   SOLE 0 0 0 62,482
VEREIT INC COMMON STOCK 92339V100 3,289 393,000 SH   SOLE 0 0 0 393,000
VERIZON COMMUNICATIONS INC COMMON STOCK 92343V104 6,386 108,000 SH   SOLE 0 0 0 108,000
VISA INC-CLASS A SHARES COMMON STOCK 92826C839 6,779 43,400 SH   SOLE 0 0 0 43,400
VORNADO REALTY TRUST COMMON STOCK 929042109 1,872 27,765 SH   SOLE 0 0 0 27,765
WALT DISNEY CO/THE COMMON STOCK 254687106 4,774 43,000 SH   SOLE 0 0 0 43,000
WASHINGTON REIT COMMON STOCK 939653101 454 16,000 SH   SOLE 0 0 0 16,000
WASTE MANAGEMENT INC COMMON STOCK 94106L109 2,982 28,700 SH   SOLE 0 0 0 28,700
WATERS CORP COMMON STOCK 941848103 2,517 10,000 SH   SOLE 0 0 0 10,000
WEINGARTEN REALTY INVESTORS COMMON STOCK 948741103 1,332 45,336 SH   SOLE 0 0 0 45,336
WELLTOWER INC COMMON STOCK 95040Q104 4,652 59,953 SH   SOLE 0 0 0 59,953
WW GRAINGER INC COMMON STOCK 384802104 2,347 7,800 SH   SOLE 0 0 0 7,800
YUM! BRANDS INC COMMON STOCK 988498101 2,755 27,600 SH   SOLE 0 0 0 27,600
ZOETIS INC COMMON STOCK 98978V103 3,201 31,800 SH   SOLE 0 0 0 31,800