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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
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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
AVALONBAY CMNTYS INC COM 053484101   16,641,606 96,900 SH   SOLE   96,900 0 0
CAMDEN PPTY TR SH BEN INT 133131102   14,967,285 158,250 SH   SOLE   158,250 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107   15,487,698 263,800 SH   SOLE   263,800 0 0
ESSEX PPTY TR INC COM 297178105   13,997,940 66,000 SH   SOLE   66,000 0 0
INVITATION HOMES INC COM 46187W107   16,634,081 524,900 SH   SOLE   524,900 0 0
ISHARES INC CORE MSCI EMKT 46434G103   10,751,438 225,918 SH   SOLE   225,918 0 0
ISHARES TR CORE MSCI EAFE 46432F842   25,051,005 389,293 SH   SOLE   389,293 0 0
ISHARES TR MSCI LW CRB TG 46434V464   14,835,488 98,740 SH   SOLE   98,740 0 0
MID-AMER APT CMNTYS INC COM 59522J103   15,832,956 123,070 SH   SOLE   123,070 0 0
SPDR SER TR S&P BIOTECH 78464A870   41,008,032 561,600 SH   SOLE   561,600 0 0
UDR INC COM 902653104   14,692,830 411,910 SH   SOLE   411,910 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363   59,851,014 152,409 SH   SOLE   152,409 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769   208,926,051 983,598 SH   SOLE   983,598 0 0