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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AUTOMATIC DATA PROCESSING IN COM 053015103   9,301,686 38,942 SH   SOLE   38,942 0 0
AVALONBAY CMNTYS INC COM 053484101   15,651,288 96,900 SH   SOLE   96,900 0 0
CAMDEN PPTY TR SH BEN INT 133131102   17,705,010 158,250 SH   SOLE   158,250 0 0
CLOROX CO DEL COM 189054109   3,647,036 25,989 SH   SOLE   25,989 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107   15,564,200 263,800 SH   SOLE   263,800 0 0
ESSEX PPTY TR INC COM 297178105   13,986,720 66,000 SH   SOLE   66,000 0 0
EXPEDITORS INTL WASH INC COM 302130109   2,691,216 25,897 SH   SOLE   25,897 0 0
INVITATION HOMES INC COM 46187W107   15,558,036 524,900 SH   SOLE   524,900 0 0
ISHARES INC CORE MSCI EMKT 46434G103   5,601,618 119,949 SH   SOLE   119,949 0 0
ISHARES TR CORE MSCI EAFE 46432F842   12,332,438 200,072 SH   SOLE   200,072 0 0
ISHARES TR MSCI LW CRB TG 46434V464   13,512,634 97,815 SH   SOLE   97,815 0 0
KEURIG DR PEPPER INC COM 49271V100   7,655,845 214,690 SH   SOLE   214,690 0 0
MID-AMER APT CMNTYS INC COM 59522J103   19,320,759 123,070 SH   SOLE   123,070 0 0
PHILIP MORRIS INTL INC COM 718172109   15,232,813 150,507 SH   SOLE   150,507 0 0
PROCTER AND GAMBLE CO COM 742718109   17,368,624 114,599 SH   SOLE   114,599 0 0
SPDR SER TR S&P BIOTECH 78464A870   46,612,800 561,600 SH   SOLE   561,600 0 0
STARBUCKS CORP COM 855244109   7,805,254 78,682 SH   SOLE   78,682 0 0
UDR INC COM 902653104   15,953,274 411,910 SH   SOLE   411,910 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363   29,307,377 83,416 SH   SOLE   83,416 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769   222,328,351 1,162,866 SH   SOLE   1,162,866 0 0
ZEBRA TECHNOLOGIES CORPORATI CL A 989207105   4,278,970 16,688 SH   SOLE   16,688 0 0