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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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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
AVALONBAY CMNTYS INC COM 053484101 11,514 77,100 SH   SOLE   77,100 0 0
CAMDEN PPTY TR SH BEN INT 133131102 11,599 130,350 SH   SOLE   130,350 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 10,677 208,000 SH   SOLE   208,000 0 0
ESSEX PPTY TR INC COM 297178105 10,391 51,750 SH   SOLE   51,750 0 0
INVITATION HOMES INC COM 46187W107 11,890 424,800 SH   SOLE   424,800 0 0
ISHARES INC CORE MSCI EMKT 46434G103 1,376 26,070 SH   SOLE   26,070 0 0
ISHARES TR CORE MSCI EAFE 46432F842 2,809 46,595 SH   SOLE   46,595 0 0
ISHARES TR MSCI LW CRB TG 46434V464 39,865 304,315 SH   SOLE   304,315 0 0
MID-AMER APT CMNTYS INC COM 59522J103 11,951 103,070 SH   SOLE   103,070 0 0
SPARK NETWORKS SE SPONSORED ADR 846517100 586 119,770 SH   SOLE   119,770 0 0
UDR INC COM 902653104 10,539 323,170 SH   SOLE   323,170 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 319,882 1,039,758 SH   SOLE   1,039,758 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 259,371 1,522,932 SH   SOLE   1,522,932 0 0