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
Estimated average burden
hours per response: 23.8
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
ACADIA RLTY TR COM SH BEN INT 004239109 812 26,988 SH   SOLE   26,988 0 0
AGREE REALTY CORP COM 008492100 641 21,467 SH   SOLE   21,467 0 0
AMERICAN TOWER CORP NEW COM 03027X100 2,089 23,742 SH   SOLE   23,742 0 0
AVALONBAY CMNTYS INC COM 053484101 1,239 7,085 SH   SOLE   7,085 0 0
BOSTON PROPERTIES INC COM 101121101 1,638 13,837 SH   SOLE   13,837 0 0
CAMDEN PPTY TR SH BEN INT 133131102 807 10,926 SH   SOLE   10,926 0 0
CHESAPEAKE LODGING TR SH BEN INT 165240102 943 36,175 SH   SOLE   36,175 0 0
CYRUSONE INC COM 23283R100 578 17,699 SH   SOLE   17,699 0 0
DUKE REALTY CORP COM NEW 264411505 805 42,268 SH   SOLE   42,268 0 0
EASTGROUP PPTY INC COM 277276101 581 10,730 SH   SOLE   10,730 0 0
EQUINIX INC COM PAR $0.001 29444U700 1,100 4,185 SH   SOLE   4,185 0 0
ESSEX PPTY TR INC COM 297178105 1,426 6,384 SH   SOLE   6,384 0 0
EXTRA SPACE STORAGE INC COM 30225T102 1,094 14,181 SH   SOLE   14,181 0 0
GEO GROUP INC NEW COM 36162J106 586 19,703 SH   SOLE   19,703 0 0
HUDSON PAC PPTYS INC COM 444097109 601 20,892 SH   SOLE   20,892 0 0
KIMCO RLTY CORP COM 49446R109 951 38,948 SH   SOLE   38,948 0 0
LTC PPTYS INC COM 502175102 785 18,403 SH   SOLE   18,403 0 0
MACERICH CO COM 554382101 852 11,085 SH   SOLE   11,085 0 0
MID-AMER APT CMNTYS INC COM 59522J103 799 9,760 SH   SOLE   9,760 0 0
NATIONAL RETAIL PPTYS INC COM 637417106 751 20,695 SH   SOLE   20,695 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 1,294 36,814 SH   SOLE   36,814 0 0
PEBBLEBROOK HOTEL TR COM 70509V100 670 18,888 SH   SOLE   18,888 0 0
PROLOGIS INC COM 74340W103 1,384 35,566 SH   SOLE   35,566 0 0
RETAIL OPPORTUNITY INVTS COR COM 76131N101 761 46,024 SH   SOLE   46,024 0 0
SBA COMMUNICATIONS CORP COM 78388J106 467 4,463 SH   SOLE   4,463 0 0
SIMON PPTY GROUP INC NEW COM 828806109 3,385 18,427 SH   SOLE   18,427 0 0
SL GREEN RLTY CORP COM 78440X101 1,377 12,735 SH   SOLE   12,735 0 0
SOVRAN SELF STORAGE INC COM 84610H108 1,048 11,115 SH   SOLE   11,115 0 0
SPIRIT RLTY CAP INC NEW COM 84860W102 654 71,547 SH   SOLE   71,547 0 0
STRATEGIC HOTELS & RESORTS I COM 86272T106 680 49,333 SH   SOLE   49,333 0 0
UDR INC COM 902653104 1,086 31,507 SH   SOLE   31,507 0 0
WELLTOWER INC COM 95040Q104 1,891 27,925 SH   SOLE   27,925 0 0