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
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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
AMERICAN TOWER CORP NEW COM 03027X100   16,328,516 75,637 SH   SOLE 0 75,637 0 0
AMERICAN TOWER CORP NEW COM 03027X100   14,311,117 66,292 SH   OTR 1 66,292 0 0
DIGITAL RLTY TR INC COM 253868103   12,374,900 91,952 SH   SOLE 0 91,952 0 0
PROLOGIS INC. COM 74340W103   10,164,325 76,252 SH   SOLE 0 76,252 0 0
DIGITAL RLTY TR INC COM 253868103   10,085,291 74,939 SH   OTR 1 74,939 0 0
EQUINIX INC COM 29444U700   10,031,132 12,455 SH   SOLE 0 12,455 0 0
FTAI INFRASTRUCTURE INC COMMON STOCK 35953C106   9,960,547 2,560,552 SH   OTR 1 2,560,552 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109   9,909,738 78,171 SH   SOLE 0 78,171 0 0
FTAI AVIATION LTD SHS G3730V105   9,604,707 206,998 SH   OTR 1 206,998 0 0
FTAI INFRASTRUCTURE INC COMMON STOCK 35953C106   9,308,603 2,392,957 SH   SOLE 0 2,392,957 0 0
HUDSON PAC PPTYS INC COM 444097109   8,898,033 955,750 SH   OTR 1 955,750 0 0
DIGITALBRIDGE GROUP INC CL A NEW 25401T603   8,059,402 459,487 SH   OTR 1 459,487 0 0
MGM RESORTS INTERNATIONAL COM 552953101   8,022,383 179,552 SH   SOLE 0 179,552 0 0
CROWN CASTLE INC COM 22822V101   7,937,858 68,911 SH   SOLE 0 68,911 0 0
EQUINIX INC COM 29444U700   7,790,537 9,673 SH   OTR 1 9,673 0 0
INNOVATIVE INDL PPTYS INC COM 45781V101   7,732,793 76,699 SH   OTR 1 76,699 0 0
CAESARS ENTERTAINMENT INC NE COM 12769G100   7,537,460 160,782 SH   SOLE 0 160,782 0 0
CROWN CASTLE INC COM 22822V101   6,843,783 59,413 SH   OTR 1 59,413 0 0
FTAI AVIATION LTD SHS G3730V105   6,722,525 144,882 SH   SOLE 0 144,882 0 0
CAESARS ENTERTAINMENT INC NE COM 12769G100   6,705,246 143,030 SH   OTR 1 143,030 0 0
DIGITALBRIDGE GROUP INC CL A NEW 25401T603   6,628,805 377,925 SH   SOLE 0 377,925 0 0
REXFORD INDL RLTY INC COM 76169C100   6,537,389 116,531 SH   SOLE 0 116,531 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104   6,246,609 24,623 SH   SOLE 0 24,623 0 0
PROLOGIS INC. COM 74340W103   6,171,923 46,301 SH   OTR 1 46,301 0 0
MGM RESORTS INTERNATIONAL COM 552953101   6,047,617 135,354 SH   OTR 1 135,354 0 0
HUDSON PAC PPTYS INC COM 444097109   6,022,183 646,851 SH   SOLE 0 646,851 0 0
REXFORD INDL RLTY INC COM 76169C100   5,772,858 102,903 SH   OTR 1 102,903 0 0
INVITATION HOMES INC COM 46187W107   5,667,990 166,168 SH   SOLE 0 166,168 0 0
NEW FORTRESS ENERGY INC COM CL A 644393100   5,600,113 148,426 SH   SOLE 0 148,426 0 0
AMERICOLD REALTY TRUST INC COM 03064D108   5,357,457 176,989 SH   OTR 1 176,989 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109   5,098,182 40,216 SH   OTR 1 40,216 0 0
WYNN RESORTS LTD COM 983134107   5,074,736 55,699 SH   SOLE 0 55,699 0 0
NEW FORTRESS ENERGY INC COM CL A 644393100   4,969,381 131,709 SH   OTR 1 131,709 0 0
AMERICOLD REALTY TRUST INC COM 03064D108   4,803,546 158,690 SH   SOLE 0 158,690 0 0
MACERICH CO COM 554382101   4,793,499 310,661 SH   OTR 1 310,661 0 0
WYNN RESORTS LTD COM 983134107   4,777,353 52,435 SH   OTR 1 52,435 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104   4,734,616 18,663 SH   OTR 1 18,663 0 0
EXTRA SPACE STORAGE INC COM 30225T102   4,667,527 29,112 SH   SOLE 0 29,112 0 0
MACERICH CO COM 554382101   4,544,243 294,507 SH   SOLE 0 294,507 0 0
BROOKFIELD RENEWABLE CORP CL A SUB VTG 11284V105   4,191,191 145,578 SH   SOLE 0 145,578 0 0
BROOKFIELD INFRASTRUCTURE CO COM SB VTG SHS A 11275Q107   4,143,213 117,438 SH   SOLE 0 117,438 0 0
NATIONAL STORAGE AFFILIATES COM SHS BEN IN 637870106   3,726,826 89,868 SH   SOLE 0 89,868 0 0
SUN CMNTYS INC COM 866674104   3,700,368 27,687 SH   SOLE 0 27,687 0 0
AMERICAN HOMES 4 RENT CL A 02665T306   3,608,550 100,349 SH   SOLE 0 100,349 0 0
CADIZ INC COM NEW 127537207   3,591,809 1,282,789 SH   OTR 1 1,282,789 0 0
NATIONAL STORAGE AFFILIATES COM SHS BEN IN 637870106   3,398,798 81,958 SH   OTR 1 81,958 0 0
BROOKFIELD RENEWABLE CORP CL A SUB VTG 11284V105   3,387,374 117,658 SH   OTR 1 117,658 0 0
BROOKFIELD INFRASTRUCTURE CO COM SB VTG SHS A 11275Q107   3,358,092 95,184 SH   OTR 1 95,184 0 0
EXTRA SPACE STORAGE INC COM 30225T102   3,313,700 20,668 SH   OTR 1 20,668 0 0
CADIZ INC COM NEW 127537207   3,167,016 1,131,077 SH   SOLE 0 1,131,077 0 0
INNOVATIVE INDL PPTYS INC COM 45781V101   3,066,037 30,411 SH   SOLE 0 30,411 0 0
INVITATION HOMES INC COM 46187W107   2,772,938 81,294 SH   OTR 1 81,294 0 0
VICI PPTYS INC COM 925652109   2,721,946 85,381 SH   SOLE 0 85,381 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108   2,519,124 35,712 SH   SOLE 0 35,712 0 0
SUN CMNTYS INC COM 866674104   2,382,445 17,826 SH   OTR 1 17,826 0 0
CBRE GROUP INC CL A 12504L109   1,765,079 18,961 SH   SOLE 0 18,961 0 0
AMERICAN HOMES 4 RENT CL A 02665T306   1,647,651 45,819 SH   OTR 1 45,819 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108   1,637,233 23,210 SH   OTR 1 23,210 0 0
COSTAR GROUP INC COM 22160N109   1,631,484 18,669 SH   SOLE 0 18,669 0 0
CUBESMART COM 229663109   864,659 18,655 SH   SOLE 0 18,655 0 0
PUBLIC STORAGE COM 74460D109   786,595 2,579 SH   SOLE 0 2,579 0 0