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

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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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 22,999 134,680 SH   SOLE   134,680 0 0
AMERICOLD RLTY TR COM 03064D108 26,568 744,190 SH   SOLE   744,190 0 0
APPLE HOSPITALITY REIT INC COM NEW 03784Y200 9,464 754,108 SH   SOLE   754,108 0 0
COUSINS PPTYS INC COM NEW 222795502 8,400 257,520 SH   SOLE   257,520 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 17,971 115,941 SH   SOLE   115,941 0 0
EQUINIX INC COM 29444U700 18,500 26,713 SH   SOLE   26,713 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 13,708 238,400 SH   SOLE   238,400 0 0
ESSEX PPTY TR INC COM 297178105 29,254 128,168 SH   SOLE   128,168 0 0
EXTRA SPACE STORAGE INC COM 30225T102 36,366 329,735 SH   SOLE   329,735 0 0
GRANITE PT MTG TR INC COM STK 38741L107 9,109 944,932 SH   SOLE   944,932 0 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 11,755 448,654 SH   SOLE   448,654 0 0
HEALTHPEAK PROPERTIES INC COM 42250P103 8,412 291,169 SH   SOLE   291,169 0 0
HOST HOTELS & RESORTS INC COM 44107P104 9,343 660,300 SH   SOLE   660,300 0 0
HUDSON PAC PPTYS INC COM 444097109 19,684 857,708 SH   SOLE   857,708 0 0
INVITATION HOMES INC COM 46187W107 22,702 794,319 SH   SOLE   794,319 0 0
KIMCO RLTY CORP COM 49446R109 27,425 1,913,845 SH   SOLE   1,913,845 0 0
MARRIOTT INTL INC NEW CL A 571903202 18,469 148,023 SH   SOLE   148,023 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 1,647 79,195 SH   SOLE   79,195 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 20,975 683,658 SH   SOLE   683,658 0 0
PROLOGIS INC. COM 74340W103 22,604 235,365 SH   SOLE   235,365 0 0
REXFORD INDL RLTY INC COM 76169C100 31,735 671,773 SH   SOLE   671,773 0 0
SL GREEN RLTY CORP COM 78440X101 13,300 232,200 SH   SOLE   232,200 0 0
SPIRIT RLTY CAP INC NEW COM NEW 84860W300 9,619 253,265 SH   SOLE   253,265 0 0
STAG INDL INC COM 85254J102 2,530 83,338 SH   SOLE   83,338 0 0
STARWOOD PPTY TR INC COM 85571B105 26,465 1,429,008 SH   SOLE   1,429,008 0 0
SUN CMNTYS INC COM 866674104 20,876 142,856 SH   SOLE   142,856 0 0
TPG RE FIN TR INC COM 87266M107 17,919 1,739,737 SH   SOLE   1,739,737 0 0
UDR INC COM 902653104 28,207 765,442 SH   SOLE   765,442 0 0
VEREIT INC COM 92339V308 19,494 547,421 SH   SOLE   547,421 0 0
WELLTOWER INC COM 95040Q104 33,432 542,723 SH   SOLE   542,723 0 0