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
ALEXANDRIA REAL ESTATE EQ IN COM 015271109   4,181,711 32,439 SH   SOLE   32,439 0 0
AMERICAN HOMES 4 RENT CL A 02665T306   4,250,554 115,567 SH   SOLE   115,567 0 0
APARTMENT INCOME REIT CORP COM 03750L109   2,360,861 72,709 SH   SOLE   72,709 0 0
APARTMENT INVT & MGMT CO CL A 03748R747   288,214 35,191 SH   SOLE   35,191 0 0
AVALONBAY CMNTYS INC COM 053484101   736,302 3,968 SH   SOLE   3,968 0 0
BROADSTONE NET LEASE INC COM 11135E203   307,900 19,649 SH   SOLE   19,649 0 0
CAMDEN PPTY TR SH BEN INT 133131102   3,817,822 38,799 SH   SOLE   38,799 0 0
CARETRUST REIT INC COM 14174T107   485,670 19,929 SH   SOLE   19,929 0 0
CBRE GROUP INC CL A 12504L109   4,337,974 44,611 SH   SOLE   44,611 0 0
COUSINS PPTYS INC COM NEW 222795502   470,174 19,558 SH   SOLE   19,558 0 0
CUBESMART COM 229663109   869,535 19,229 SH   SOLE   19,229 0 0
CUSHMAN WAKEFIELD PLC SHS G2717B108   3,365,704 321,769 SH   SOLE   321,769 0 0
DIGITAL RLTY TR INC COM 253868103   698,594 4,850 SH   SOLE   4,850 0 0
EASTGROUP PPTYS INC COM 277276101   828,919 4,611 SH   SOLE   4,611 0 0
ELME COMMUNITIES SH BEN INT 939653101   15,371,452 1,104,271 SH   SOLE   1,104,271 0 0
EQUINIX INC COM 29444U700   1,216,536 1,474 SH   SOLE   1,474 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107   4,539,313 71,927 SH   SOLE   71,927 0 0
ESSENTIAL PPTYS RLTY TR INC COM 29670E107   502,781 18,859 SH   SOLE   18,859 0 0
ESSEX PPTY TR INC COM 297178105   516,304 2,109 SH   SOLE   2,109 0 0
FIRST INDL RLTY TR INC COM 32054K103   5,175,558 98,507 SH   SOLE   98,507 0 0
FORESTAR GROUP INC COM 346232101   293,869 7,312 SH   SOLE   7,312 0 0
HEALTHCARE RLTY TR CL A COM 42226K105   3,817,387 269,780 SH   SOLE   269,780 0 0
HEALTHPEAK PROPERTIES INC COM 42250P103   4,138,650 220,728 SH   SOLE   220,728 0 0
INVENTRUST PPTYS CORP COM NEW 46124J201   3,192,951 124,191 SH   SOLE   124,191 0 0
INVITATION HOMES INC COM 46187W107   4,281,675 120,238 SH   SOLE   120,238 0 0
KITE RLTY GROUP TR COM NEW 49803T300   608,839 28,083 SH   SOLE   28,083 0 0
NATIONAL HEALTH INVS INC COM 63633D104   470,911 7,495 SH   SOLE   7,495 0 0
NATIONAL STORAGE AFFILIATES COM SHS BEN IN 637870106   577,610 14,750 SH   SOLE   14,750 0 0
NEWMARK GROUP INC CL A 65158N102   4,486,914 404,591 SH   SOLE   404,591 0 0
NNN REIT INC COM 637417106   573,742 13,424 SH   SOLE   13,424 0 0
OMEGA HEALTHCARE INVS INC COM 681936100   3,401,390 107,401 SH   SOLE   107,401 0 0
PLYMOUTH INDL REIT INC COM 729640102   273,915 12,174 SH   SOLE   12,174 0 0
SABRA HEALTH CARE REIT INC COM 78573L106   373,297 25,274 SH   SOLE   25,274 0 0
SAFEHOLD INC COM 78646V107   2,256,112 109,520 SH   SOLE   109,520 0 0
SIMON PPTY GROUP INC NEW COM 828806109   456,481 2,917 SH   SOLE   2,917 0 0
TERRENO RLTY CORP COM 88146M101   460,683 6,938 SH   SOLE   6,938 0 0
TOLL BROTHERS INC COM 889478103   803,776 6,213 SH   SOLE   6,213 0 0
U HAUL HOLDING COMPANY COM 023586100   248,952 3,686 SH   SOLE   3,686 0 0
UDR INC COM 902653104   3,875,938 103,607 SH   SOLE   103,607 0 0
URBAN EDGE PPTYS COM 91704F104   673,444 38,995 SH   SOLE   38,995 0 0
WELLTOWER INC COM 95040Q104   398,895 4,269 SH   SOLE   4,269 0 0
WHITESTONE REIT COM 966084204   2,046,667 163,081 SH   SOLE   163,081 0 0
WP CAREY INC COM 92936U109   779,888 13,818 SH   SOLE   13,818 0 0