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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Alexandria Real Estate Equities Inc COMMON STOCK 015271109   2,578 17,700 SH   SOLE 0 0 0 17,700
American Homes 4 Rent COMMON STOCK 02665T306   1,296 43,000 SH   SOLE 0 0 0 43,000
Apartment Income REIT Corp COMMON STOCK 03750L109   1,593 46,422 SH   SOLE 0 0 0 46,422
Apple Hospitality REIT Inc COMMON STOCK 03784Y200   789 50,000 SH   SOLE 0 0 0 50,000
AvalonBay Communities Inc COMMON STOCK 053484101   3,702 22,920 SH   SOLE 0 0 0 22,920
Boston Properties Inc COMMON STOCK 101121101   927 13,717 SH   SOLE 0 0 0 13,717
Brandywine Realty Trust COMMON STOCK 105368203   1,054 171,400 SH   SOLE 0 0 0 171,400
Brixmor Property Group Inc COMMON STOCK 11120U105   2,562 113,000 SH   SOLE 0 0 0 113,000
Broadstone Net Lease Inc COMMON STOCK 11135E203   292 18,000 SH   SOLE 0 0 0 18,000
Camden Property Trust COMMON STOCK 133131102   2,281 20,386 SH   SOLE 0 0 0 20,386
Centerspace COMMON STOCK 15202L107   896 15,280 SH   SOLE 0 0 0 15,280
Chatham Lodging Trust COMMON STOCK 16208T102   442 36,000 SH   SOLE 0 0 0 36,000
Corporate Office Properties Trust COMMON STOCK 22002T108   389 15,000 SH   SOLE 0 0 0 15,000
Cousins Properties Inc COMMON STOCK 222795502   1,112 43,977 SH   SOLE 0 0 0 43,977
CubeSmart COMMON STOCK 229663109   2,367 58,800 SH   SOLE 0 0 0 58,800
Digital Realty Trust Inc COMMON STOCK 253868103   4,344 43,319 SH   SOLE 0 0 0 43,319
DigitalBridge Group Inc COMMON STOCK 25401T603   265 24,233 SH   SOLE 0 0 0 24,233
Diversified Healthcare Trust COMMON STOCK 25525P107   258 399,100 SH   SOLE 0 0 0 399,100
Douglas Emmett Inc COMMON STOCK 25960P109   94 6,000 SH   SOLE 0 0 0 6,000
EPR Properties COMMON STOCK 26884U109   651 17,262 SH   SOLE 0 0 0 17,262
Empire State Realty Trust Inc COMMON STOCK 292104106   108 16,000 SH   SOLE 0 0 0 16,000
Equinix Inc COMMON STOCK 29444U700   5,479 8,364 SH   SOLE 0 0 0 8,364
Equity Residential COMMON STOCK 29476L107   3,101 52,556 SH   SOLE 0 0 0 52,556
Essential Properties Realty Trust Inc COMMON STOCK 29670E107   1,396 59,500 SH   SOLE 0 0 0 59,500
Essex Property Trust Inc COMMON STOCK 297178105   2,468 11,645 SH   SOLE 0 0 0 11,645
Four Corners Property Trust Inc COMMON STOCK 35086T109   622 24,000 SH   SOLE 0 0 0 24,000
Gaming and Leisure Properties Inc COMMON STOCK 36467J108   2,541 48,772 SH   SOLE 0 0 0 48,772
Getty Realty Corp COMMON STOCK 374297109   846 25,000 SH   SOLE 0 0 0 25,000
Global Medical REIT Inc COMMON STOCK 37954A204   1,090 115,000 SH   SOLE 0 0 0 115,000
Global Net Lease Inc COMMON STOCK 379378201   1,269 100,976 SH   SOLE 0 0 0 100,976
Healthcare Realty Trust Inc COMMON STOCK 42226K105   2,557 132,719 SH   SOLE 0 0 0 132,719
Healthpeak Properties Inc COMMON STOCK 42250P103   2,923 116,593 SH   SOLE 0 0 0 116,593
Hersha Hospitality Trust COMMON STOCK 427825500   341 40,000 SH   SOLE 0 0 0 40,000
Highwoods Properties Inc COMMON STOCK 431284108   834 29,802 SH   SOLE 0 0 0 29,802
Host Hotels and Resorts Inc COMMON STOCK 44107P104   2,231 138,998 SH   SOLE 0 0 0 138,998
Hudson Pacific Properties Inc COMMON STOCK 444097109   822 84,500 SH   SOLE 0 0 0 84,500
Independence Realty Trust Inc COMMON STOCK 45378A106   573 34,000 SH   SOLE 0 0 0 34,000
Industrial Logistics Properties Trust COMMON STOCK 456237106   492 150,415 SH   SOLE 0 0 0 150,415
Innovative Industrial Properties Inc COMMON STOCK 45781V101   740 7,300 SH   SOLE 0 0 0 7,300
Invitation Homes Inc COMMON STOCK 46187W107   2,603 87,810 SH   SOLE 0 0 0 87,810
Iron Mountain Inc COMMON STOCK 46284V101   2,742 55,000 SH   SOLE 0 0 0 55,000
Kilroy Realty Corp COMMON STOCK 49427F108   348 9,000 SH   SOLE 0 0 0 9,000
Kimco Realty Corp COMMON STOCK 49446R109   227 10,731 SH   SOLE 0 0 0 10,731
Kite Realty Group Trust COMMON STOCK 49803T300   1,463 69,500 SH   SOLE 0 0 0 69,500
LXP Industrial Trust COMMON STOCK 529043101   2,074 207,000 SH   SOLE 0 0 0 207,000
Life Storage Inc COMMON STOCK 53223X107   2,310 23,450 SH   SOLE 0 0 0 23,450
Macerich Co/The COMMON STOCK 554382101   278 24,720 SH   SOLE 0 0 0 24,720
Medical Properties Trust Inc COMMON STOCK 58463J304   2,729 245,000 SH   SOLE 0 0 0 245,000
Mid-America Apartment Communities Inc COMMON STOCK 59522J103   2,911 18,540 SH   SOLE 0 0 0 18,540
National Health Investors Inc COMMON STOCK 63633D104   486 9,300 SH   SOLE 0 0 0 9,300
National Storage Affiliates Trust COMMON STOCK 637870106   1,203 33,300 SH   SOLE 0 0 0 33,300
Office Properties Income Trust COMMON STOCK 67623C109   317 23,708 SH   SOLE 0 0 0 23,708
Omega Healthcare Investors Inc COMMON STOCK 681936100   1,761 63,000 SH   SOLE 0 0 0 63,000
Park Hotels and Resorts Inc COMMON STOCK 700517105   248 21,038 SH   SOLE 0 0 0 21,038
Pebblebrook Hotel Trust COMMON STOCK 70509V100   119 8,911 SH   SOLE 0 0 0 8,911
Physicians Realty Trust COMMON STOCK 71943U104   1,143 79,000 SH   SOLE 0 0 0 79,000
Plymouth Industrial REIT Inc COMMON STOCK 729640102   1,880 98,000 SH   SOLE 0 0 0 98,000
Power REIT COMMON STOCK 73933H101   168 42,566 SH   SOLE 0 0 0 42,566
Prologis Inc COMMON STOCK 74340W103   15,349 136,153 SH   SOLE 0 0 0 136,153
Public Storage COMMON STOCK 74460D109   6,245 22,289 SH   SOLE 0 0 0 22,289
RLJ Lodging Trust COMMON STOCK 74965L101   807 76,200 SH   SOLE 0 0 0 76,200
Realty Income Corp COMMON STOCK 756109104   4,905 77,335 SH   SOLE 0 0 0 77,335
SL Green Realty Corp COMMON STOCK 78440X887   662 19,618 SH   SOLE 0 0 0 19,618
STAG Industrial Inc COMMON STOCK 85254J102   2,484 76,880 SH   SOLE 0 0 0 76,880
STORE Capital Corp COMMON STOCK 862121100   1,924 60,000 SH   SOLE 0 0 0 60,000
Sabra Health Care REIT Inc COMMON STOCK 78573L106   1,650 132,730 SH   SOLE 0 0 0 132,730
Service Properties Trust COMMON STOCK 81761L102   331 45,434 SH   SOLE 0 0 0 45,434
Simon Property Group Inc COMMON STOCK 828806109   6,122 52,108 SH   SOLE 0 0 0 52,108
Spirit Realty Capital Inc COMMON STOCK 84860W300   2,599 65,100 SH   SOLE 0 0 0 65,100
Summit Hotel Properties Inc COMMON STOCK 866082100   498 69,000 SH   SOLE 0 0 0 69,000
Tanger Factory Outlet Centers Inc COMMON STOCK 875465106   502 28,000 SH   SOLE 0 0 0 28,000
UDR Inc COMMON STOCK 902653104   2,173 56,105 SH   SOLE 0 0 0 56,105
UMH Properties Inc COMMON STOCK 903002103   1,013 62,900 SH   SOLE 0 0 0 62,900
VICI Properties Inc COMMON STOCK 925652109   2,592 80,000 SH   SOLE 0 0 0 80,000
Ventas Inc COMMON STOCK 92276F100   3,454 76,679 SH   SOLE 0 0 0 76,679
Vornado Realty Trust COMMON STOCK 929042109   474 22,765 SH   SOLE 0 0 0 22,765
WP Carey Inc COMMON STOCK 92936U109   2,876 36,800 SH   SOLE 0 0 0 36,800
Welltower Inc COMMON STOCK 95040Q104   3,655 55,753 SH   SOLE 0 0 0 55,753