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
ABERCROMBIE & FITCH CO CL A CL A 002896207 5,078 209,760 SH   SOLE   209,760 0 0
ALEXANDRIA REAL ESTATE EQ IN COM COM 015271109 3,918 31,375 SH   SOLE   18,475 0 12,900
ALLEGION PUB LTD CO ORD SHS SHS G0176J109 3,284 38,500 SH   SOLE   38,500 0 0
ALPHABET INC CAP STK CL C CAP STK CL C 02079K107 4,006 3,883 SH   SOLE   3,883 0 0
AMERICAN CAMPUS CMNTYS INC COM COM 024835100 1,582 40,948 SH   SOLE   40,948 0 0
AMERICAN EAGLE OUTFITTERS NE COM COM 02553E106 4,932 247,482 SH   SOLE   247,482 0 0
AMERICAN EQTY INVT LIFE HLD COM COM 025676206 5,265 179,316 SH   SOLE   179,316 0 0
APARTMENT INVT & MGMT CO CL A CL A 03748R101 2,602 63,862 SH   SOLE   63,862 0 0
APPLE HOSPITALITY REIT INC COM NEW COM NEW 03784Y200 1,844 104,932 SH   SOLE   104,932 0 0
APPLIED MATLS INC COM COM 038222105 3,992 71,788 SH   SOLE   71,788 0 0
ARES CAP CORP COM COM 04010L103 22,927 1,444,675 SH   SOLE   1,444,675 0 0
ASHFORD HOSPITALITY TR INC COM SHS SHS 044103109 1,643 254,267 SH   SOLE   254,267 0 0
AVALONBAY CMNTYS INC COM COM 053484101 15,486 94,164 SH   SOLE   47,285 0 46,879
HOPE BANCORP INC COM COM 43940T109 4,666 256,536 SH   SOLE   256,536 0 0
BLACKROCK INC COM COM 09247X101 3,664 6,763 SH   SOLE   6,763 0 0
BOOKING HLDGS INC COM COM 09857L108 3,786 1,820 SH   SOLE   1,820 0 0
BOSTON PROPERTIES INC COM COM 101121101 9,970 80,913 SH   SOLE   62,552 0 18,361
BRANDYWINE RLTY TR SH BEN INT NEW SH BEN INT NEW 105368203 1,353 85,181 SH   SOLE   85,181 0 0
BRIXMOR PPTY GROUP INC COM COM 11120U105 2,421 158,743 SH   SOLE   158,743 0 0
BROOKFIELD PPTY PARTNERS L P UNIT LTD PARTN UNIT LTD PARTN G16249107 10,877 439,828 SH   SOLE   439,828 0 0
BRUNSWICK CORP COM COM 117043109 11,191 188,424 SH   SOLE   188,424 0 0
CAMDEN PPTY TR SH BEN INT SH BEN INT 133131102 2,698 32,045 SH   SOLE   32,045 0 0
CDN IMPERIAL BK COMM TORONTO COM COM 136069101 29,925 263,150 SH   SOLE   263,150 0 0
CAPELLA EDUCATION COMPANY COM COM 139594105 4,388 50,240 SH   SOLE   50,240 0 0
CBL & ASSOC PPTYS INC COM COM 124830100 1,395 334,505 SH   SOLE   334,505 0 0
CHART INDS INC COM PAR $0.01 COM PAR $0.01 16115Q308 4,114 69,697 SH   SOLE   69,697 0 0
CISCO SYS INC COM COM 17275R102 26,591 619,989 SH   SOLE   619,989 0 0
COLUMBIA PPTY TR INC COM NEW COM NEW 198287203 1,451 70,939 SH   SOLE   70,939 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT SH BEN INT 22002T108 9,493 367,524 SH   SOLE   128,551 0 238,973
CUBESMART COM COM 229663109 28,338 1,004,936 SH   SOLE   1,004,936 0 0
DCT INDUSTRIAL TRUST INC COM NEW COM NEW 233153204 12,097 214,705 SH   SOLE   100,502 0 114,203
DDR CORP COM COM 23317H102 2,101 286,561 SH   SOLE   286,561 0 0
DEERE & CO COM COM 244199105 3,734 24,038 SH   SOLE   24,038 0 0
DEL FRISCOS RESTAURANT GROUP COM COM 245077102 9,949 652,396 SH   SOLE   652,396 0 0
DELEK US HLDGS INC NEW COM COM 24665A103 5,351 131,478 SH   SOLE   131,478 0 0
DIAMONDROCK HOSPITALITY CO COM COM 252784301 3,563 341,293 SH   SOLE   341,293 0 0
DIGITAL RLTY TR INC COM COM 253868103 6,576 62,396 SH   SOLE   54,826 0 7,570
DOUGLAS EMMETT INC COM COM 25960P109 1,576 42,879 SH   SOLE   42,879 0 0
DUKE REALTY CORP COM NEW COM NEW 264411505 2,756 104,072 SH   SOLE   104,072 0 0
EMPIRE ST RLTY TR INC CL A CL A 292104106 10,108 602,051 SH   SOLE   245,612 0 356,439
ENERSYS COM COM 29275Y102 8,423 121,427 SH   SOLE   121,427 0 0
EPR PPTYS COM SH BEN INT SH BEN INT 26884U109 1,331 24,011 SH   SOLE   24,011 0 0
EQUINIX INC COM PAR $0.001 COM PAR $0.001 29444U700 6,374 15,245 SH   SOLE   3,353 0 11,892
EQUITY COMWLTH COM SH BEN INT SH BEN INT 294628102 1,665 54,290 SH   SOLE   54,290 0 0
EQUITY LIFESTYLE PPTYS INC COM COM 29472R108 1,768 20,146 SH   SOLE   20,146 0 0
EQUITY RESIDENTIAL SH BEN INT SH BEN INT 29476L107 19,318 313,530 SH   SOLE   184,425 0 129,105
ESSEX PPTY TR INC COM COM 297178105 4,520 18,781 SH   SOLE   13,607 0 5,174
LAUDER ESTEE COS INC CL A CL A 518439104 4,437 29,637 SH   SOLE   29,637 0 0
EXTENDED STAY AMER INC UNIT 99/99/9999B UNIT 99/99/9999B 30224P200 2,290 115,844 SH   SOLE   115,844 0 0
EXTRA SPACE STORAGE INC COM COM 30225T102 2,560 29,294 SH   SOLE   29,294 0 0
EXXON MOBIL CORP COM COM 30231G102 23,073 309,250 SH   SOLE   309,250 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW SH BEN INT NEW 313747206 3,342 28,777 SH   SOLE   17,423 0 11,354
FIRST SOLAR INC COM COM 336433107 9,121 128,506 SH   SOLE   128,506 0 0
FOGO DE CHAO INC COM COM 344177100 5,888 373,855 SH   SOLE   373,855 0 0
FOREST CITY RLTY TR INC COM CL A CL A 345605109 1,345 66,341 SH   SOLE   66,341 0 0
GGP INC COM COM 36174X101 6,497 317,552 SH   SOLE   317,552 0 0
GRAMERCY PPTY TR COM NEW COM NEW 385002308 843 38,769 SH   SOLE   38,769 0 0
HCP INC COM COM 40414L109 14,477 623,239 SH   SOLE   375,136 0 248,103
HEALTHCARE RLTY TR COM COM 421946104 1,007 36,348 SH   SOLE   36,348 0 0
HEALTHCARE TR AMER INC CL A NEW CL A NEW 42225P501 11,960 452,165 SH   SOLE   280,008 0 172,157
HIGHWOODS PPTYS INC COM COM 431284108 1,551 35,417 SH   SOLE   35,417 0 0
HOST HOTELS & RESORTS INC COM COM 44107P104 4,065 218,038 SH   SOLE   73,845 0 144,193
HUDSON PAC PPTYS INC COM COM 444097109 3,833 117,845 SH   SOLE   44,616 0 73,229
INTEL CORP COM COM 458140100 2,980 57,217 SH   SOLE   57,217 0 0
IQVIA HLDGS INC COM COM 46266C105 2,267 23,104 SH   SOLE   23,104 0 0
JABIL INC COM COM 466313103 4,595 159,951 SH   SOLE   159,951 0 0
JBG SMITH PPTYS COM COM 46590V100 922 27,345 SH   SOLE   27,345 0 0
JPMORGAN CHASE & CO COM COM 46625H100 3,980 36,190 SH   SOLE   36,190 0 0
KAISER ALUMINUM CORP COM PAR $0.01 COM PAR $0.01 483007704 2,713 26,884 SH   SOLE   26,884 0 0
KENNEDY-WILSON HLDGS INC COM COM 489398107 12,905 741,700 SH   SOLE   741,700 0 0
KILROY RLTY CORP COM COM 49427F108 1,601 22,560 SH   SOLE   22,560 0 0
KIMCO RLTY CORP COM COM 49446R109 3,096 214,973 SH   SOLE   214,973 0 0
L BRANDS INC COM COM 501797104 22,958 600,850 SH   SOLE   600,850 0 0
LA QUINTA HLDGS INC COM COM 50420D108 1,746 92,315 SH   SOLE   92,315 0 0
LASALLE HOTEL PPTYS COM SH BEN INT SH BEN INT 517942108 5,979 206,072 SH   SOLE   64,884 0 141,188
LEXINGTON REALTY TRUST COM COM 529043101 1,261 160,185 SH   SOLE   160,185 0 0
LHC GROUP INC COM COM 50187A107 10,127 164,500 SH   SOLE   164,500 0 0
LIBERTY PPTY TR SH BEN INT SH BEN INT 531172104 2,548 64,160 SH   SOLE   64,160 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - SHS - A - N53745100 33,789 319,730 SH   SOLE   319,730 0 0
MACK CALI RLTY CORP COM COM 554489104 949 56,753 SH   SOLE   56,753 0 0
MARSH & MCLENNAN COS INC COM COM 571748102 3,679 44,551 SH   SOLE   44,551 0 0
MASTERCARD INCORPORATED CL A CL A 57636Q104 3,664 20,920 SH   SOLE   20,920 0 0
MRC GLOBAL INC COM COM 55345K103 6,277 381,843 SH   SOLE   381,843 0 0
MEDICAL PPTYS TRUST INC COM COM 58463J304 1,227 94,355 SH   SOLE   94,355 0 0
MERCK & CO INC COM COM 58933Y105 25,250 463,558 SH   SOLE   463,558 0 0
MICROSOFT CORP COM COM 594918104 4,139 45,353 SH   SOLE   45,353 0 0
MID AMER APT CMNTYS INC COM COM 59522J103 9,478 103,886 SH   SOLE   47,272 0 56,614
NATIONAL RETAIL PPTYS INC COM COM 637417106 7,497 190,947 SH   SOLE   92,451 0 98,496
NEW YORK CMNTY BANCORP INC COM COM 649445103 13,104 1,005,682 SH   SOLE   1,005,682 0 0
NIKE INC CL B CL B 654106103 3,834 57,708 SH   SOLE   57,708 0 0
NUTRIEN LTD COM COM 67077M108 13,154 216,041 SH   SOLE   216,041 0 0
OMEGA HEALTHCARE INVS INC COM COM 681936100 1,985 73,399 SH   SOLE   73,399 0 0
OMNICOM GROUP INC COM COM 681919106 12,597 173,350 SH   SOLE   173,350 0 0
PARAMOUNT GROUP INC COM COM 69924R108 1,181 82,954 SH   SOLE   82,954 0 0
PBF ENERGY INC CL A CL A 69318G106 13,654 402,770 SH   SOLE   402,770 0 0
PEPSICO INC COM COM 713448108 3,260 29,864 SH   SOLE   29,864 0 0
PLDT INC SPONSORED ADR SPONSORED ADR 69344D408 12,774 450,268 SH   SOLE   450,268 0 0
PIEDMONT OFFICE REALTY TR IN COM CL A CL A 720190206 1,347 76,625 SH   SOLE   76,625 0 0
PPG INDS INC COM COM 693506107 3,069 27,501 SH   SOLE   27,501 0 0
PPL CORP COM COM 69351T106 13,124 463,900 SH   SOLE   463,900 0 0
PROCTER AND GAMBLE CO COM COM 742718109 2,331 29,404 SH   SOLE   29,404 0 0
PROLOGIS INC COM COM 74340W103 15,257 242,213 SH   SOLE   162,052 0 80,161
PRUDENTIAL FINL INC COM COM 744320102 2,485 23,996 SH   SOLE   23,996 0 0
PS BUSINESS PKS INC CALIF COM COM 69360J107 1,075 9,505 SH   SOLE   9,505 0 0
PUBLIC SVC ENTERPRISE GROUP COM COM 744573106 23,320 464,176 SH   SOLE   464,176 0 0
PUBLIC STORAGE COM COM 74460D109 19,904 99,318 SH   SOLE   58,687 0 40,631
QUALITY CARE PPTYS INC COM COM 747545101 1,056 54,392 SH   SOLE   54,392 0 0
REALTY INCOME CORP COM COM 756109104 3,618 69,944 SH   SOLE   69,944 0 0
REDWOOD TR INC COM COM 758075402 13,212 854,034 SH   SOLE   854,034 0 0
REGENCY CTRS CORP COM COM 758849103 11,683 198,071 SH   SOLE   78,092 0 119,979
RENAISSANCERE HOLDINGS LTD COM COM G7496G103 5,540 40,000 SH   SOLE   40,000 0 0
RETAIL PPTYS AMER INC CL A CL A 76131V202 25,053 2,148,637 SH   SOLE   2,148,637 0 0
RLJ LODGING TR COM COM 74965L101 3,006 154,611 SH   SOLE   154,611 0 0
SENIOR HSG PPTYS TR SH BEN INT SH BEN INT 81721M109 2,113 134,923 SH   SOLE   134,923 0 0
SIMON PPTY GROUP INC NEW COM COM 828806109 58,905 381,631 SH   SOLE   290,500 0 91,131
SK TELECOM LTD SPONSORED ADR SPONSORED ADR 78440P108 31,037 1,284,100 SH   SOLE   1,284,100 0 0
SL GREEN RLTY CORP COM COM 78440X101 3,421 35,333 SH   SOLE   35,333 0 0
SLEEP NUMBER CORP COM COM 83125X103 5,324 151,474 SH   SOLE   151,474 0 0
SPIRIT AIRLS INC COM COM 848577102 8,502 225,041 SH   SOLE   225,041 0 0
SUN CMNTYS INC COM COM 866674104 1,523 16,674 SH   SOLE   16,674 0 0
SUN LIFE FINL INC COM COM 866796105 29,659 560,556 SH   SOLE   560,556 0 0
SUNSTONE HOTEL INVS INC NEW COM COM 867892101 892 58,577 SH   SOLE   0 0 58,577
SYNAPTICS INC COM COM 87157D109 4,328 94,642 SH   SOLE   94,642 0 0
SYSCO CORP COM COM 871829107 3,297 54,989 SH   SOLE   54,989 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR SPONSORED ADR 874039100 26,434 604,068 SH   SOLE   604,068 0 0
TANGER FACTORY OUTLET CTRS I COM COM 875465106 2,569 116,752 SH   SOLE   44,398 0 72,354
TAUBMAN CTRS INC COM COM 876664103 2,175 38,238 SH   SOLE   38,238 0 0
TECH DATA CORP COM COM 878237106 4,009 47,091 SH   SOLE   47,091 0 0
TELEFONICA BRASIL SA SPONSORED ADR SPONSORED ADR 87936R106 23,247 1,513,424 SH   SOLE   1,513,424 0 0
TENNECO INC COM COM 880349105 4,102 74,757 SH   SOLE   74,757 0 0
TERADATA CORP DEL COM COM 88076W103 4,201 105,904 SH   SOLE   105,904 0 0
TERADYNE INC COM COM 880770102 5,430 118,785 SH   SOLE   118,785 0 0
MACERICH CO COM COM 554382101 4,388 78,335 SH   SOLE   78,335 0 0
THERMON GROUP HLDGS INC COM COM 88362T103 11,076 494,233 SH   SOLE   494,233 0 0
TRINITY INDS INC COM COM 896522109 11,261 345,104 SH   SOLE   345,104 0 0
TRITON INTL LTD CL A CL A G9078F107 18,255 596,563 SH   SOLE   596,563 0 0
TWO HBRS INVT CORP COM NEW COM NEW 90187B408 22,605 1,470,706 SH   SOLE   1,470,706 0 0
U S SILICA HLDGS INC COM COM 90346E103 6,783 265,782 SH   SOLE   265,782 0 0
UBIQUITI NETWORKS INC COM COM 90347A100 5,350 77,768 SH   SOLE   77,768 0 0
UDR INC COM COM 902653104 2,681 75,237 SH   SOLE   75,237 0 0
VALERO ENERGY CORP NEW COM COM 91913Y100 23,023 248,171 SH   SOLE   248,171 0 0
VALIDUS HOLDINGS LTD COM SHS SHS G9319H102 3,258 48,300 SH   SOLE   48,300 0 0
VAREX IMAGING CORP COM COM 92214X106 4,546 127,063 SH   SOLE   127,063 0 0
VENTAS INC COM COM 92276F100 7,784 157,146 SH   SOLE   129,051 0 28,095
VEREIT INC COM COM 92339V100 9,606 1,380,235 SH   SOLE   355,553 0 1,024,682
VERIZON COMMUNICATIONS INC COM COM 92343V104 30,189 631,305 SH   SOLE   631,305 0 0
VISA INC COM CL A CL A 92826C839 2,055 17,177 SH   SOLE   17,177 0 0
VORNADO RLTY TR SH BEN INT SH BEN INT 929042109 5,368 79,765 SH   SOLE   79,765 0 0
WASHINGTON PRIME GROUP NEW COM COM 93964W108 2,893 433,766 SH   SOLE   433,766 0 0
WASHINGTON REAL ESTATE INVT SH BEN INT SH BEN INT 939653101 1,316 48,179 SH   SOLE   12,843 0 35,336
WEINGARTEN RLTY INVS SH BEN INT SH BEN INT 948741103 1,639 58,376 SH   SOLE   58,376 0 0
WELLTOWER INC COM COM 95040Q104 11,427 209,945 SH   SOLE   138,077 0 71,868
WOLVERINE WORLD WIDE INC COM COM 978097103 2,182 75,517 SH   SOLE   75,517 0 0
W P CAREY INC COM COM 92936U109 2,408 38,854 SH   SOLE   38,854 0 0