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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   20,047,641 96,900 SH   SOLE   96,900 0 0
CAMDEN PPTY TR SH BEN INT 133131102   17,266,658 158,250 SH   SOLE   158,250 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107   18,291,892 263,800 SH   SOLE   263,800 0 0
ESSEX PPTY TR INC COM 297178105   17,965,200 66,000 SH   SOLE   66,000 0 0
INVITATION HOMES INC COM 46187W107   18,838,661 524,900 SH   SOLE   524,900 0 0
ISHARES INC CORE MSCI EMKT 46434G103   8,100,106 151,319 SH   SOLE   151,319 0 0
ISHARES TR CORE MSCI EAFE 46432F842   18,699,643 257,429 SH   SOLE   257,429 0 0
ISHARES TR MSCI LW CRB TG 46434V464   18,445,723 100,650 SH   SOLE   100,650 0 0
MID-AMER APT CMNTYS INC COM 59522J103   17,551,013 123,070 SH   SOLE   123,070 0 0
SPDR SER TR S&P BIOTECH 78464A870   52,065,936 561,600 SH   SOLE   561,600 0 0
UDR INC COM 902653104   16,950,097 411,910 SH   SOLE   411,910 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363   358,000,056 715,814 SH   SOLE   715,814 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769   225,253,318 842,037 SH   SOLE   842,037 0 0
VANGUARD SCOTTSDALE FDS SHORT TERM TREAS 92206C102   12,885,378 222,200 SH   SOLE   222,200 0 0