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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AVALONBAY CMNTYS INC COM 053484101   17,980,764 96,900 SH   SOLE   96,900 0 0
CAMDEN PPTY TR SH BEN INT 133131102   15,571,800 158,250 SH   SOLE   158,250 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107   16,648,418 263,800 SH   SOLE   263,800 0 0
ESSEX PPTY TR INC COM 297178105   16,157,460 66,000 SH   SOLE   66,000 0 0
INVITATION HOMES INC COM 46187W107   18,691,689 524,900 SH   SOLE   524,900 0 0
ISHARES INC CORE MSCI EMKT 46434G103   8,835,262 171,226 SH   SOLE   171,226 0 0
ISHARES TR CHINA LG-CAP ETF 464287184   55,135,801 2,290,644 SH   SOLE   2,290,644 0 0
ISHARES TR CORE MSCI EAFE 46432F842   21,751,730 293,071 SH   SOLE   293,071 0 0
ISHARES TR MSCI LW CRB TG 46434V464   17,920,411 99,840 SH   SOLE   99,840 0 0
MID-AMER APT CMNTYS INC COM 59522J103   16,193,551 123,070 SH   SOLE   123,070 0 0
SPDR SER TR S&P BIOTECH 78464A870   53,290,224 561,600 SH   SOLE   561,600 0 0
UDR INC COM 902653104   15,409,553 411,910 SH   SOLE   411,910 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363   56,913,919 118,398 SH   SOLE   118,398 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769   227,578,316 875,638 SH   SOLE   875,638 0 0
VANGUARD SCOTTSDALE FDS SHORT TERM TREAS 92206C102   12,903,154 222,200 SH   SOLE   222,200 0 0