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
AGREE RLTY CORP COM 008492100   1,997,372 34,968 SH   SOLE   34,968 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109   25,853,674 200,556 SH   SOLE   200,556 0 0
AMERICAN HOMES 4 RENT CL A 02665T306   1,029,840 28,000 SH   SOLE   28,000 0 0
AMERICAN TOWER CORP NEW COM 03027X100   2,560,766 12,960 SH   SOLE   12,960 0 0
AMERICAN WTR WKS CO INC NEW COM 030420103   668,489 5,470 SH   SOLE   5,470 0 0
AVALONBAY CMNTYS INC COM 053484101   20,989,434 113,114 SH   SOLE   113,114 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203   1,163,842 242,467 SH   SOLE   242,467 0 0
BRIXMOR PPTY GROUP INC COM 11120U105   36,439,143 1,553,908 SH   SOLE   1,553,908 0 0
CAMDEN PPTY TR SH BEN INT 133131102   1,962,096 19,940 SH   SOLE   19,940 0 0
CHENIERE ENERGY INC COM NEW 16411R208   443,520 2,750 SH   SOLE   2,750 0 0
CONSOLIDATED EDISON INC COM 209115104   871,776 9,600 SH   SOLE   9,600 0 0
COPT DEFENSE PROPERTIES SHS BEN INT 22002T108   1,433,523 59,310 SH   SOLE   59,310 0 0
CREATIVE MEDIA & CMNTY TR COM NEW 125525584   276,900 65,000 SH   SOLE   65,000 0 0
CROWN CASTLE INC COM 22822V101   2,264,233 21,395 SH   SOLE   21,395 0 0
CUBESMART COM 229663109   461,244 10,200 SH   SOLE   10,200 0 0
DIGITAL RLTY TR INC COM 253868103   2,533,087 17,586 SH   SOLE   17,586 0 0
EASTERLY GOVT PPTYS INC COM 27616P103   158,009 13,728 SH   SOLE   13,728 0 0
EDISON INTL COM 281020107   611,815 8,650 SH   SOLE   8,650 0 0
EQUINIX INC COM 29444U700   37,412,209 45,330 SH   SOLE   45,330 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107   2,446,459 38,765 SH   SOLE   38,765 0 0
EVERSOURCE ENERGY COM 30040W108   820,642 13,730 SH   SOLE   13,730 0 0
EXTRA SPACE STORAGE INC COM 30225T102   2,290,407 15,581 SH   SOLE   15,581 0 0
FARMLAND PARTNERS INC COM 31154R109   277,500 25,000 SH   SOLE   25,000 0 0
FIRST INDL RLTY TR INC COM 32054K103   24,038,588 456,400 SH   SOLE   456,400 0 0
GAMING & LEISURE PPTYS INC COM 36467J108   16,119,571 349,893 SH   SOLE   349,893 0 0
HEALTHCARE RLTY TR CL A COM 42226K105   1,678,162 118,598 SH   SOLE   118,598 0 0
HEALTHPEAK PROPERTIES INC COM 42250P103   1,831,444 97,677 SH   SOLE   97,677 0 0
HIGHWOODS PPTYS INC COM 431284108   1,362,302 52,036 SH   SOLE   52,036 0 0
HUDSON PAC PPTYS INC COM 444097109   14,760,922 2,288,515 SH   SOLE   2,288,515 0 0
INVITATION HOMES INC COM 46187W107   18,121,929 508,900 SH   SOLE   508,900 0 0
KINDER MORGAN INC DEL COM 49456B101   838,138 45,700 SH   SOLE   45,700 0 0
KITE RLTY GROUP TR COM NEW 49803T300   2,307,402 106,430 SH   SOLE   106,430 0 0
NATIONAL STORAGE AFFILIATES COM SHS BEN IN 637870106   285,868 7,300 SH   SOLE   7,300 0 0
ONEOK INC NEW COM 682680103   729,547 9,100 SH   SOLE   9,100 0 0
PARAMOUNT GROUP INC COM 69924R108   5,596,793 1,193,346 SH   SOLE   1,193,346 0 0
PIEDMONT OFFICE REALTY TR IN COM CL A 720190206   296,272 42,144 SH   SOLE   42,144 0 0
PROLOGIS INC. COM 74340W103   26,479,325 203,343 SH   SOLE   203,343 0 0
PUBLIC STORAGE COM 74460D109   27,965,265 96,412 SH   SOLE   96,412 0 0
REALTY INCOME CORP COM 756109104   31,773,092 587,303 SH   SOLE   587,303 0 0
REGENCY CTRS CORP COM 758849103   2,742,157 45,280 SH   SOLE   45,280 0 0
REXFORD INDL RLTY INC COM 76169C100   20,003,807 397,690 SH   SOLE   397,690 0 0
SABRA HEALTH CARE REIT INC COM 78573L106   16,434,904 1,112,722 SH   SOLE   1,112,722 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104   15,806,965 72,944 SH   SOLE   72,944 0 0
SEMPRA COM 816851109   398,657 5,550 SH   SOLE   5,550 0 0
SIMON PPTY GROUP INC NEW COM 828806109   4,088,614 26,127 SH   SOLE   26,127 0 0
SUN CMNTYS INC COM 866674104   21,949,120 170,704 SH   SOLE   170,704 0 0
UDR INC COM 902653104   18,242,051 487,625 SH   SOLE   487,625 0 0
VENTAS INC COM 92276F100   1,870,478 42,960 SH   SOLE   42,960 0 0
VICI PPTYS INC COM 925652109   2,167,282 72,752 SH   SOLE   72,752 0 0
WELLTOWER INC COM 95040Q104   5,067,905 54,237 SH   SOLE   54,237 0 0
WILLIAMS COS INC COM 969457100   537,786 13,800 SH   SOLE   13,800 0 0
WP CAREY INC COM 92936U109   1,709,342 30,286 SH   SOLE   30,286 0 0