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
AGREE RLTY CORP COM 008492100 2,703 40,000 SH   SOLE   40,000 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 743 5,300 SH   SOLE   5,300 0 0
AMERICAN TOWER CORP NEW COM 03027X100 16,030 74,660 SH   SOLE   74,660 0 0
AMERICAN WTR WKS CO INC NEW COM 030420103 582 4,470 SH   SOLE   4,470 0 0
APARTMENT INCOME REIT CORP COM 03750L109 859 22,230 SH   SOLE   22,230 0 0
AVALONBAY CMNTYS INC COM 053484101 24,700 134,100 SH   SOLE   134,100 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 1,522 225,500 SH   SOLE   225,500 0 0
BRIXMOR PPTY GROUP INC COM 11120U105 12,164 658,600 SH   SOLE   658,600 0 0
CAMDEN PPTY TR SH BEN INT 133131102 24,989 209,200 SH   SOLE   209,200 0 0
CHENIERE ENERGY INC COM NEW 16411R208 564 3,400 SH   SOLE   3,400 0 0
CONSOLIDATED EDISON INC COM 209115104 686 8,000 SH   SOLE   8,000 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 1,433 61,700 SH   SOLE   61,700 0 0
CROWN CASTLE INC COM 22822V101 3,732 25,820 SH   SOLE   25,820 0 0
CUBESMART COM 229663109 1,406 35,100 SH   SOLE   35,100 0 0
DIGITAL RLTY TR INC COM 253868103 21,896 220,770 SH   SOLE   220,770 0 0
DUKE REALTY CORP COM NEW 264411505 32,043 664,800 SH   SOLE   664,800 0 0
EASTERLY GOVT PPTYS INC COM 27616P103 1,933 122,600 SH   SOLE   122,600 0 0
EDISON INTL COM 281020107 405 7,150 SH   SOLE   7,150 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 2,783 41,400 SH   SOLE   41,400 0 0
EVERSOURCE ENERGY COM 30040W108 720 9,230 SH   SOLE   9,230 0 0
EXTRA SPACE STORAGE INC COM 30225T102 1,485 8,600 SH   SOLE   8,600 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 2,229 50,374 SH   SOLE   50,374 0 0
HEALTHCARE RLTY TR CL A COM 42226K105 1,482 61,000 SH   SOLE   61,000 0 0
HEALTHPEAK PROPERTIES INC COM 42250P103 504 22,000 SH   SOLE   22,000 0 0
HIGHWOODS PPTYS INC COM 431284108 1,459 54,100 SH   SOLE   54,100 0 0
HUDSON PAC PPTYS INC COM 444097109 12,949 1,182,600 SH   SOLE   1,182,600 0 0
KINDER MORGAN INC DEL COM 49456B101 1,075 64,600 SH   SOLE   64,600 0 0
KITE RLTY GROUP TR COM NEW 49803T300 590 34,273 SH   SOLE   34,273 0 0
LIFE STORAGE INC COM 53223X107 30,124 271,975 SH   SOLE   271,975 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 14,007 1,181,000 SH   SOLE   1,181,000 0 0
NATIONAL STORAGE AFFILIATES COM SHS BEN IN 637870106 981 23,600 SH   SOLE   23,600 0 0
ONEOK INC NEW COM 682680103 500 9,750 SH   SOLE   9,750 0 0
PARAMOUNT GROUP INC COM 69924R108 7,481 1,200,840 SH   SOLE   1,200,840 0 0
PIEDMONT OFFICE REALTY TR IN COM CL A 720190206 478 45,300 SH   SOLE   45,300 0 0
PROLOGIS INC. COM 74340W103 11,725 115,400 SH   SOLE   115,400 0 0
REALTY INCOME CORP COM 756109104 2,375 40,800 SH   SOLE   40,800 0 0
REGENCY CTRS CORP COM 758849103 2,552 47,400 SH   SOLE   47,400 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 12,780 974,100 SH   SOLE   974,100 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104 1,392 4,890 SH   SOLE   4,890 0 0
SEMPRA COM 816851109 510 3,400 SH   SOLE   3,400 0 0
SIMON PPTY GROUP INC NEW COM 828806109 20,337 226,600 SH   SOLE   226,600 0 0
SUN CMNTYS INC COM 866674104 18,242 134,800 SH   SOLE   134,800 0 0
VENTAS INC COM 92276F100 1,225 30,500 SH   SOLE   30,500 0 0
VICI PPTYS INC COM 925652109 17,638 590,900 SH   SOLE   590,900 0 0
WELLTOWER INC COM 95040Q104 17,440 271,150 SH   SOLE   271,150 0 0
WILLIAMS COS INC COM 969457100 432 15,100 SH   SOLE   15,100 0 0
WP CAREY INC COM 92936U109 3,134 44,900 SH   SOLE   44,900 0 0