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 1,271 36,191 SH   SOLE   36,191 0 0
AGREE REALTY CORP COM 008492100 450 11,694 SH   SOLE   11,694 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 774 8,517 SH   SOLE   8,517 0 0
AMERICAN TOWER CORP NEW COM 03027X100 2,792 27,271 SH   SOLE   27,271 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 1,089 26,038 SH   SOLE   26,038 0 0
APPLE HOSPITALITY REIT INC COM NEW 03784Y200 559 28,241 SH   SOLE   28,241 0 0
AVALONBAY CMNTYS INC COM 053484101 2,150 11,306 SH   SOLE   11,306 0 0
BOSTON PROPERTIES INC COM 101121101 1,358 10,688 SH   SOLE   10,688 0 0
CAMDEN PPTY TR SH BEN INT 133131102 853 10,143 SH   SOLE   10,143 0 0
CEDAR REALTY TRUST INC COM NEW 150602209 277 38,367 SH   SOLE   38,367 0 0
CHESAPEAKE LODGING TR SH BEN INT 165240102 437 16,512 SH   SOLE   16,512 0 0
CYRUSONE INC COM 23283R100 1,084 23,741 SH   SOLE   23,741 0 0
DUKE REALTY CORP COM NEW 264411505 1,114 49,445 SH   SOLE   49,445 0 0
EASTGROUP PPTY INC COM 277276101 424 7,016 SH   SOLE   7,016 0 0
EQUINIX INC COM PAR $0.001 29444U700 1,901 5,749 SH   SOLE   5,749 0 0
ESSEX PPTY TR INC COM 297178105 1,942 8,302 SH   SOLE   8,302 0 0
EXTRA SPACE STORAGE INC COM 30225T102 1,741 18,632 SH   SOLE   18,632 0 0
GENERAL GROWTH PPTYS INC NEW COM 370023103 1,275 42,897 SH   SOLE   42,897 0 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 829 28,186 SH   SOLE   28,186 0 0
HIGHWOODS PPTYS INC COM 431284108 650 13,594 SH   SOLE   13,594 0 0
HUDSON PAC PPTYS INC COM 444097109 510 17,648 SH   SOLE   17,648 0 0
LAS VEGAS SANDS CORP COM 517834107 467 9,040 SH   SOLE   9,040 0 0
LASALLE HOTEL PPTYS COM SH BEN INT 517942108 488 19,300 SH   SOLE   19,300 0 0
MACERICH CO COM 554382101 1,003 12,664 SH   SOLE   12,664 0 0
MID-AMER APT CMNTYS INC COM 59522J103 812 7,945 SH   SOLE   7,945 0 0
NATIONAL HEALTH INVS INC COM 63633D104 472 7,097 SH   SOLE   7,097 0 0
NATIONAL RETAIL PPTYS INC COM 637417106 1,030 22,286 SH   SOLE   22,286 0 0
NATIONAL STORAGE AFFILIATES COM SHS BEN IN 637870106 252 11,902 SH   SOLE   11,902 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 768 21,763 SH   SOLE   21,763 0 0
PEBBLEBROOK HOTEL TR COM 70509V100 479 16,491 SH   SOLE   16,491 0 0
PHYSICIANS RLTY TR COM 71943U104 520 27,989 SH   SOLE   27,989 0 0
PROLOGIS INC COM 74340W103 1,467 33,205 SH   SOLE   33,205 0 0
RETAIL OPPORTUNITY INVTS COR COM 76131N101 1,029 51,133 SH   SOLE   51,133 0 0
SIMON PPTY GROUP INC NEW COM 828806109 3,837 18,475 SH   SOLE   18,475 0 0
SL GREEN RLTY CORP COM 78440X101 1,171 12,089 SH   SOLE   12,089 0 0
SOVRAN SELF STORAGE INC COM 84610H108 1,363 11,553 SH   SOLE   11,553 0 0
SPIRIT RLTY CAP INC NEW COM 84860W102 723 64,268 SH   SOLE   64,268 0 0
STORE CAP CORP COM 862121100 504 19,457 SH   SOLE   19,457 0 0
TERRENO RLTY CORP COM 88146M101 310 13,240 SH   SOLE   13,240 0 0
WEINGARTEN RLTY INVS SH BEN INT 948741103 921 24,545 SH   SOLE   24,545 0 0
WELLTOWER INC COM 95040Q104 1,835 26,457 SH   SOLE   26,457 0 0