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
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 34,390 169,624 SH   SOLE   169,624 0 0
AMERICAN TOWER CORP NEW COM 03027X100 22,478 85,493 SH   SOLE   85,493 0 0
EQUINIX INC COM 29444U700 20,634 27,065 SH   SOLE   27,065 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 63,396 698,196 SH   SOLE   698,196 0 0
ESSENTIAL PPTYS RLTY TR INC COM 29670E107 17,980 703,730 SH   SOLE   703,730 0 0
ESSEX PPTY TR INC COM 297178105 45,877 131,467 SH   SOLE   131,467 0 0
EXTRA SPACE STORAGE INC COM 30225T102 16,951 82,500 SH   SOLE   82,500 0 0
HOST HOTELS & RESORTS INC COM 44107P104 26,689 1,403,959 SH   SOLE   1,403,959 0 0
INDUS REALTY TRUST INC COM 45580R103 29,520 407,450 SH   SOLE   407,450 0 0
INVITATION HOMES INC COM 46187W107 28,010 696,258 SH   SOLE   696,258 0 0
KILROY RLTY CORP COM 49427F108 19,656 264,836 SH   SOLE   264,836 0 0
KIMCO RLTY CORP COM 49446R109 22,914 948,811 SH   SOLE   948,811 0 0
KITE RLTY GROUP TR COM NEW 49803T300 18,005 816,200 SH   SOLE   816,200 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 8,837 229,765 SH   SOLE   229,765 0 0
PARK HOTELS & RESORTS INC COM 700517105 21,019 1,118,632 SH   SOLE   1,118,632 0 0
PROLOGIS INC. COM 74340W103 78,293 470,848 SH   SOLE   470,848 0 0
PUBLIC STORAGE COM 74460D109 60,133 151,959 SH   SOLE   151,959 0 0
RADIUS GLOBAL INFRASTRCTRE I COM CL A 750481103 40,703 2,907,338 SH   SOLE   2,907,338 0 0
REXFORD INDL RLTY INC COM 76169C100 50,132 650,727 SH   SOLE   650,727 0 0
SIMON PPTY GROUP INC NEW COM 828806109 12,248 93,799 SH   SOLE   93,799 0 0
SUN CMNTYS INC COM 866674104 39,410 219,667 SH   SOLE   219,667 0 0
TPG RE FIN TR INC COM 87266M107 6,999 599,737 SH   SOLE   599,737 0 0
UDR INC COM 902653104 21,543 370,407 SH   SOLE   370,407 0 0
VICI PPTYS INC COM 925652109 7,172 253,600 SH   SOLE   253,600 0 0
WELLTOWER INC COM 95040Q104 47,558 496,998 SH   SOLE   496,998 0 0
WHITESTONE REIT COM 966084204 11,726 912,500 SH   SOLE   912,500 0 0