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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AGREE RLTY CORP COM 008492100   10,586,090 149,247 SH   SOLE   149,247 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109   10,595,162 72,734 SH   SOLE   72,734 0 0
AMERICAN HOMES 4 RENT CL A 02665T306   3,359,073 111,449 SH   SOLE   111,449 0 0
APPLE HOSPITALITY REIT INC COM NEW 03784Y200   9,002,585 570,506 SH   SOLE   570,506 0 0
BOSTON PROPERTIES INC COM 101121101   15,430,406 228,328 SH   SOLE   228,328 0 0
DIGITAL RLTY TR INC COM 253868103   19,056,013 190,047 SH   SOLE   190,047 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108   4,198,483 64,992 SH   SOLE   64,992 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107   11,067,751 187,589 SH   SOLE   187,589 0 0
ESSENTIAL PPTYS RLTY TR INC COM 29670E107   9,803,489 417,703 SH   SOLE   417,703 0 0
HEALTHPEAK PROPERTIES INC COM 42250P103   22,632,268 902,763 SH   SOLE   902,763 0 0
HOST HOTELS & RESORTS INC COM 44107P104   14,098,111 878,387 SH   SOLE   878,387 0 0
INDEPENDENCE RLTY TR INC COM 45378A106   12,813,701 760,006 SH   SOLE   760,006 0 0
KILROY RLTY CORP COM 49427F108   13,068,759 337,956 SH   SOLE   337,956 0 0
KIMCO RLTY CORP COM 49446R109   19,566,571 923,823 SH   SOLE   923,823 0 0
KITE RLTY GROUP TR COM NEW 49803T300   10,590,781 503,125 SH   SOLE   503,125 0 0
LIFE STORAGE INC COM 53223X107   15,571,865 158,090 SH   SOLE   158,090 0 0
MID-AMER APT CMNTYS INC COM 59522J103   1,632,853 10,401 SH   SOLE   10,401 0 0
NATIONAL RETAIL PROPERTIES I COM 637417106   9,400,797 205,437 SH   SOLE   205,437 0 0
NEWMARK GROUP INC CL A 65158N102   706,086 88,593 SH   SOLE   88,593 0 0
PUBLIC STORAGE COM 74460D109   6,964,963 24,858 SH   SOLE   24,858 0 0
REGENCY CTRS CORP COM 758849103   17,500,000 280,000 SH   SOLE   280,000 0 0
REXFORD INDL RLTY INC COM 76169C100   14,292,349 261,573 SH   SOLE   261,573 0 0
SIX FLAGS ENTMT CORP NEW COM 83001A102   2,502,026 107,614 SH   SOLE   107,614 0 0
SL GREEN RLTY CORP COM 78440X887   8,716,249 258,489 SH   SOLE   258,489 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103   7,064,247 18,472 SH   SOLE   18,472 0 0
STAG INDL INC COM 85254J102   3,434,876 106,310 SH   SOLE   106,310 0 0
SUN CMNTYS INC COM 866674104   25,163,710 175,970 SH   SOLE   175,970 0 0
UDR INC COM 902653104   5,993,119 154,741 SH   SOLE   154,741 0 0
VENTAS INC COM 92276F100   13,635,058 302,665 SH   SOLE   302,665 0 0
VICI PPTYS INC COM 925652109   19,145,581 590,913 SH   SOLE   590,913 0 0
WELLTOWER INC COM 95040Q104   12,517,494 190,961 SH   SOLE   190,961 0 0