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 3,683 95,370 SH   SOLE   95,370 0 0
AMERICAN TOWER CORP NEW COM 03027X100 5,732 39,438 SH   SOLE   39,438 0 0
APOLLO COML REAL EST FIN INC COM 03762U105 277 15,400 SH   SOLE   15,400 0 0
AVALONBAY CMNTYS INC COM 053484101 5,637 34,273 SH   SOLE   34,273 0 0
BANK MONTREAL QUE COM 063671101 3,261 33,511 SH   SOLE   33,511 0 0
BANK N S HALIFAX COM 064149107 2,897 36,504 SH   SOLE   36,504 0 0
BOSTON PROPERTIES INC COM 101121101 8,954 72,663 SH   SOLE   72,663 0 0
BRIXMOR PPTY GROUP INC COM 11120U105 5,452 357,478 SH   SOLE   357,478 0 0
CAMDEN PPTY TR SH BEN INT 133131102 11,205 133,110 SH   SOLE   133,110 0 0
CDN IMPERIAL BK COMM TORONTO COM 136069101 2,938 25,835 SH   SOLE   25,835 0 0
COLONY NORTHSTAR INC CL A COM 19625W104 357 63,588 SH   SOLE   63,588 0 0
DDR CORP COM 23317H102 6,216 848,058 SH   SOLE   848,058 0 0
DIGITAL RLTY TR INC COM 253868103 12,776 121,240 SH   SOLE   121,240 0 0
DOUGLAS EMMETT INC COM 25960P109 5,650 153,709 SH   SOLE   153,709 0 0
ESSEX PPTY TR INC COM 297178105 8,833 36,699 SH   SOLE   36,699 0 0
EXTRA SPACE STORAGE INC COM 30225T102 7,969 91,215 SH   SOLE   91,215 0 0
GGP INC COM 36174X101 5,853 286,046 SH   SOLE   286,046 0 0
GRANITE PT MTG TR INC COM 38741L107 408 24,667 SH   SOLE   24,667 0 0
HCP INC COM 40414L109 9,560 411,532 SH   SOLE   411,532 0 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 5,446 205,900 SH   SOLE   205,900 0 0
HILTON WORLDWIDE HLDGS INC COM 43300A203 10,178 129,223 SH   SOLE   129,223 0 0
HUDSON PAC PPTYS INC COM 444097109 5,689 174,900 SH   SOLE   174,900 0 0
INVITATION HOMES INC COM 46187W107 8,891 389,465 SH   SOLE   389,465 0 0
KIMCO RLTY CORP COM 49446R109 341 23,685 SH   SOLE   23,685 0 0
KITE RLTY GROUP TR COM NEW 49803T300 455 29,867 SH   SOLE   29,867 0 0
MANULIFE FINL CORP COM 56501R106 2,795 116,856 SH   SOLE   116,856 0 0
MFA FINL INC COM 55272X102 283 37,600 SH   SOLE   37,600 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 313 11,800 SH   SOLE   11,800 0 0
PARK HOTELS RESORTS INC COM 700517105 455 16,857 SH   SOLE   16,857 0 0
PROLOGIS INC COM 74340W103 7,295 115,813 SH   SOLE   115,813 0 0
REGENCY CTRS CORP COM 758849103 10,183 172,650 SH   SOLE   172,650 0 0
ROYAL BK CDA MONTREAL QUE COM 780087102 3,349 33,648 SH   SOLE   33,648 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 525 29,747 SH   SOLE   29,747 0 0
SIMON PPTY GROUP INC NEW COM 828806109 6,969 45,150 SH   SOLE   45,150 0 0
SL GREEN RLTY CORP COM 78440X101 8,696 106,484 SH   SOLE   106,484 0 0
STAG INDL INC COM 85254J102 362 15,129 SH   SOLE   15,129 0 0
STARWOOD PPTY TR INC COM 85571B105 465 22,191 SH   SOLE   22,191 0 0
SUN LIFE FINL INC COM 866796105 3,391 64,084 SH   SOLE   64,084 0 0
TORONTO DOMINION BK ONT COM NEW 891160509 3,521 48,166 SH   SOLE   48,166 0 0
TPG RE FIN TR INC COM 87266M107 673 253,271 SH   SOLE   253,271 0 0
VICI PPTYS INC COM 925652109 6,414 350,106 SH   SOLE   350,106 0 0