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
AMERICAN CAMPUS CMNTYS INC COM 024835100 2,045 35,700 SH   SOLE   35,700 0 0
AMERICAN TOWER CORP NEW COM 03027X100 27,282 93,272 SH   SOLE   93,272 0 0
BOSTON PROPERTIES INC COM 101121101 6,114 53,087 SH   SOLE   53,087 0 0
CUSHMAN WAKEFIELD PLC SHS G2717B108 14,989 674,000 SH   SOLE   674,000 0 0
DIGITAL RLTY TR INC COM 253868103 19,588 110,750 SH   SOLE   110,750 0 0
DIGITALBRIDGE GROUP INC CL A COM 25401T108 2,474 297,000 SH   SOLE   297,000 0 0
DUKE REALTY CORP COM NEW 264411505 2,363 36,000 SH   SOLE   36,000 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 1,955 21,600 SH   SOLE   21,600 0 0
ESSENTIAL PPTYS RLTY TR INC COM 29670E107 6,337 219,814 SH   SOLE   219,814 0 0
ESSEX PPTY TR INC COM 297178105 1,458 4,140 SH   SOLE   4,140 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 13,396 275,300 SH   SOLE   275,300 0 0
INDEPENDENCE RLTY TR INC COM 45378A106 15,640 605,487 SH   SOLE   605,487 0 0
INVITATION HOMES INC COM 46187W107 12,584 277,571 SH   SOLE   277,571 0 0
JONES LANG LASALLE INC COM 48020Q107 13,944 51,770 SH   SOLE   51,770 0 0
KIMCO RLTY CORP COM 49446R109 19,654 797,311 SH   SOLE   797,311 0 0
KITE RLTY GROUP TR COM NEW 49803T300 24,253 1,113,564 SH   SOLE   1,113,564 0 0
LIFE STORAGE INC COM 53223X107 10,968 71,602 SH   SOLE   71,602 0 0
MERITAGE HOMES CORP COM 59001A102 2,197 18,000 SH   SOLE   18,000 0 0
NATIONAL STORAGE AFFILIATES COM SHS BEN IN 637870106 20,142 291,063 SH   SOLE   291,063 0 0
PARK HOTELS & RESORTS INC COM 700517105 8,268 437,950 SH   SOLE   437,950 0 0
PULTE GROUP INC COM 745867101 2,172 38,000 SH   SOLE   38,000 0 0
RADIUS GLOBAL INFRASTRCTRE I COM CL A 750481103 10,090 626,706 SH   SOLE   626,706 0 0
REXFORD INDL RLTY INC COM 76169C100 21,576 265,998 SH   SOLE   265,998 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 1,931 21,000 SH   SOLE   21,000 0 0
SAFEHOLD INC COM 78645L100 10,199 127,726 SH   SOLE   127,726 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104 2,101 5,400 SH   SOLE   5,400 0 0
SIMON PPTY GROUP INC NEW COM 828806109 11,626 72,766 SH   SOLE   72,766 0 0
SUN CMNTYS INC COM 866674104 11,447 54,519 SH   SOLE   54,519 0 0
TERRENO RLTY CORP COM 88146M101 2,568 30,110 SH   SOLE   30,110 0 0
TRAVEL PLUS LEISURE CO COM 894164102 27,265 493,306 SH   SOLE   493,306 0 0
TRICON RESIDENTIAL INC COM NPV 89612W102 12,541 820,752 SH   SOLE   820,752 0 0
VENTAS INC COM 92276F100 12,632 247,100 SH   SOLE   247,100 0 0
WALKER & DUNLOP INC COM 93148P102 11,904 78,904 SH   SOLE   78,904 0 0
WEST FRASER TIMBER CO LTD COM 952845105 21,927 229,944 SH   SOLE   229,944 0 0
WEWORK INC CL A 96209A104 6,989 812,555 SH   SOLE   812,555 0 0
WYNDHAM HOTELS & RESORTS INC COM 98311A105 10,204 113,820 SH   SOLE   113,820 0 0
XENIA HOTELS & RESORTS INC COM 984017103 10,914 602,600 SH   SOLE   602,600 0 0