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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Alexandria Real Estate Equities Inc COMMON STOCK 015271109   2,751 21,700 SH   SOLE 0 0 0 21,700
American Homes 4 Rent COMMON STOCK 02665T306   1,546 43,000 SH   SOLE 0 0 0 43,000
Apartment Income REIT Corp COMMON STOCK 03750L109   1,942 55,922 SH   SOLE 0 0 0 55,922
Apple Hospitality REIT Inc COMMON STOCK 03784Y200   831 50,000 SH   SOLE 0 0 0 50,000
AvalonBay Communities Inc COMMON STOCK 053484101   4,553 24,320 SH   SOLE 0 0 0 24,320
Boston Properties Inc COMMON STOCK 101121101   963 13,717 SH   SOLE 0 0 0 13,717
Brandywine Realty Trust COMMON STOCK 105368203   926 171,400 SH   SOLE 0 0 0 171,400
Brixmor Property Group Inc COMMON STOCK 11120U105   2,443 105,000 SH   SOLE 0 0 0 105,000
Broadstone Net Lease Inc COMMON STOCK 11135E203   2,462 143,000 SH   SOLE 0 0 0 143,000
Camden Property Trust COMMON STOCK 133131102   2,322 23,386 SH   SOLE 0 0 0 23,386
Centerspace COMMON STOCK 15202L107   889 15,280 SH   SOLE 0 0 0 15,280
Chatham Lodging Trust COMMON STOCK 16208T102   386 36,000 SH   SOLE 0 0 0 36,000
Cousins Properties Inc COMMON STOCK 222795502   1,071 43,977 SH   SOLE 0 0 0 43,977
CubeSmart COMMON STOCK 229663109   2,957 63,800 SH   SOLE 0 0 0 63,800
Digital Realty Trust Inc COMMON STOCK 253868103   6,314 46,919 SH   SOLE 0 0 0 46,919
DigitalBridge Group Inc COMMON STOCK 25401T603   250 14,233 SH   SOLE 0 0 0 14,233
Diversified Healthcare Trust COMMON STOCK 25525P107   187 50,000 SH   SOLE 0 0 0 50,000
EPR Properties COMMON STOCK 26884U109   1,500 30,962 SH   SOLE 0 0 0 30,962
Equinix Inc COMMON STOCK 29444U700   7,220 8,964 SH   SOLE 0 0 0 8,964
Equity Residential COMMON STOCK 29476L107   3,704 60,556 SH   SOLE 0 0 0 60,556
Essential Properties Realty Trust Inc COMMON STOCK 29670E107   1,981 77,500 SH   SOLE 0 0 0 77,500
Essex Property Trust Inc COMMON STOCK 297178105   3,148 12,695 SH   SOLE 0 0 0 12,695
Extra Space Storage Inc COMMON STOCK 30225T102   3,021 18,840 SH   SOLE 0 0 0 18,840
Four Corners Property Trust Inc COMMON STOCK 35086T109   708 28,000 SH   SOLE 0 0 0 28,000
Gaming and Leisure Properties Inc COMMON STOCK 36467J108   2,229 45,172 SH   SOLE 0 0 0 45,172
Getty Realty Corp COMMON STOCK 374297109   935 32,000 SH   SOLE 0 0 0 32,000
Global Medical REIT Inc COMMON STOCK 37954A204   1,665 150,000 SH   SOLE 0 0 0 150,000
Global Net Lease Inc COMMON STOCK 379378201   308 30,976 SH   SOLE 0 0 0 30,976
Healthcare Realty Trust Inc COMMON STOCK 42226K105   2,924 169,719 SH   SOLE 0 0 0 169,719
Healthpeak Properties Inc COMMON STOCK 42250P103   3,556 179,593 SH   SOLE 0 0 0 179,593
Highwoods Properties Inc COMMON STOCK 431284108   569 24,802 SH   SOLE 0 0 0 24,802
Host Hotels and Resorts Inc COMMON STOCK 44107P104   2,142 109,998 SH   SOLE 0 0 0 109,998
Hudson Pacific Properties Inc COMMON STOCK 444097109   787 84,500 SH   SOLE 0 0 0 84,500
Independence Realty Trust Inc COMMON STOCK 45378A106   1,255 82,000 SH   SOLE 0 0 0 82,000
Innovative Industrial Properties Inc COMMON STOCK 45781V101   1,018 10,100 SH   SOLE 0 0 0 10,100
Invitation Homes Inc COMMON STOCK 46187W107   2,995 87,810 SH   SOLE 0 0 0 87,810
Iron Mountain Inc COMMON STOCK 46284V101   4,024 57,500 SH   SOLE 0 0 0 57,500
Kilroy Realty Corp COMMON STOCK 49427F108   359 9,000 SH   SOLE 0 0 0 9,000
Kimco Realty Corp COMMON STOCK 49446R109   229 10,731 SH   SOLE 0 0 0 10,731
Kite Realty Group Trust COMMON STOCK 49803T300   1,703 74,500 SH   SOLE 0 0 0 74,500
LXP Industrial Trust COMMON STOCK 529043101   1,805 182,000 SH   SOLE 0 0 0 182,000
Macerich Co/The COMMON STOCK 554382101   381 24,720 SH   SOLE 0 0 0 24,720
Medical Properties Trust Inc COMMON STOCK 58463J304   1,409 287,000 SH   SOLE 0 0 0 287,000
Mid-America Apartment Communities Inc COMMON STOCK 59522J103   2,829 21,040 SH   SOLE 0 0 0 21,040
National Health Investors Inc COMMON STOCK 63633D104   1,988 35,600 SH   SOLE 0 0 0 35,600
National Storage Affiliates Trust COMMON STOCK 637870106   1,858 44,800 SH   SOLE 0 0 0 44,800
Omega Healthcare Investors Inc COMMON STOCK 681936100   1,932 63,000 SH   SOLE 0 0 0 63,000
Park Hotels and Resorts Inc COMMON STOCK 700517105   199 13,038 SH   SOLE 0 0 0 13,038
Pebblebrook Hotel Trust COMMON STOCK 70509V100   142 8,911 SH   SOLE 0 0 0 8,911
Physicians Realty Trust COMMON STOCK 71943U104   1,597 120,000 SH   SOLE 0 0 0 120,000
Plymouth Industrial REIT Inc COMMON STOCK 729640102   2,359 98,000 SH   SOLE 0 0 0 98,000
Power REIT COMMON STOCK 73933H101   51 78,526 SH   SOLE 0 0 0 78,526
Prologis Inc COMMON STOCK 74340W103   18,149 136,153 SH   SOLE 0 0 0 136,153
Public Storage COMMON STOCK 74460D109   7,408 24,289 SH   SOLE 0 0 0 24,289
RLJ Lodging Trust COMMON STOCK 74965L101   893 76,200 SH   SOLE 0 0 0 76,200
Realty Income Corp COMMON STOCK 756109104   5,130 89,335 SH   SOLE 0 0 0 89,335
SITE Centers Corp COMMON STOCK 82981J109   273 20,000 SH   SOLE 0 0 0 20,000
SL Green Realty Corp COMMON STOCK 78440X887   254 5,618 SH   SOLE 0 0 0 5,618
STAG Industrial Inc COMMON STOCK 85254J102   2,861 72,880 SH   SOLE 0 0 0 72,880
Sabra Health Care REIT Inc COMMON STOCK 78573L106   1,866 130,730 SH   SOLE 0 0 0 130,730
Simon Property Group Inc COMMON STOCK 828806109   7,804 54,708 SH   SOLE 0 0 0 54,708
Spirit Realty Capital Inc COMMON STOCK 84860W300   3,041 69,600 SH   SOLE 0 0 0 69,600
Summit Hotel Properties Inc COMMON STOCK 866082100   464 69,000 SH   SOLE 0 0 0 69,000
TANGER INC COMMON STOCK 875465106   776 28,000 SH   SOLE 0 0 0 28,000
UDR Inc COMMON STOCK 902653104   2,512 65,605 SH   SOLE 0 0 0 65,605
UMH Properties Inc COMMON STOCK 903002103   841 54,900 SH   SOLE 0 0 0 54,900
VICI Properties Inc COMMON STOCK 925652109   3,411 107,000 SH   SOLE 0 0 0 107,000
Ventas Inc COMMON STOCK 92276F100   3,822 76,679 SH   SOLE 0 0 0 76,679
Vornado Realty Trust COMMON STOCK 929042109   643 22,765 SH   SOLE 0 0 0 22,765
WP Carey Inc COMMON STOCK 92936U109   3,357 51,800 SH   SOLE 0 0 0 51,800
Welltower Inc COMMON STOCK 95040Q104   5,027 55,753 SH   SOLE 0 0 0 55,753