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
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 16,316 112,498 SH   SOLE   112,498 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 44,571 1,257,639 SH   SOLE   1,257,639 0 0
APARTMENT INCOME REIT CORP COM 03750L109 45,650 1,097,344 SH   SOLE   1,097,344 0 0
APARTMENT INVT & MGMT CO CL A 03748R747 45,199 7,062,276 SH   SOLE   7,062,276 0 0
AVALONBAY CMNTYS INC COM 053484101 25,588 131,725 SH   SOLE   131,725 0 0
CAESARS ENTERTAINMENT INC NE COM 12769G100 6,991 182,540 SH   SOLE   182,540 0 0
D R HORTON INC COM 23331A109 2,854 43,120 SH   SOLE   43,120 0 0
DUKE REALTY CORP COM NEW 264411505 27,445 499,460 SH   SOLE   499,460 0 0
HEALTHCARE RLTY TR COM 421946104 17,774 653,470 SH   SOLE   653,470 0 0
OUTFRONT MEDIA INC COM 69007J106 10,132 597,731 SH   SOLE   597,731 0 0
PUBLIC STORAGE COM 74460D109 39,578 126,582 SH   SOLE   126,582 0 0
RETAIL OPPORTUNITY INVTS COR COM 76131N101 31,963 2,025,510 SH   SOLE   2,025,510 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 24,573 323,200 SH   SOLE   323,200 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104 35,926 112,252 SH   SOLE   112,252 0 0
SMARTRENT INC COM CL A 83193G107 7,097 1,570,225 SH   SOLE   1,570,225 0 0
SUN CMNTYS INC COM 866674104 18,746 117,630 SH   SOLE   117,630 0 0
VENTAS INC COM 92276F100 34,051 662,075 SH   SOLE   662,075 0 0
WEWORK INC CL A 96209A104 3,263 650,020 SH   SOLE   650,020 0 0