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
AGREE RLTY CORP COM 008492100   22,346,395 361,008 SH   SOLE   361,008 0 0
AMERICAN HEALTHCARE REIT INC COM SHS 398182303   16,002,110 1,051,387 SH   SOLE   1,051,387 0 0
AMERICAN TOWER CORP NEW COM 03027X100   21,779,080 111,808 SH   SOLE   111,808 0 0
AVALONBAY CMNTYS INC COM 053484101   29,286,855 145,742 SH   SOLE   145,742 0 0
CARETRUST REIT INC COM 14174T107   11,370,747 447,315 SH   SOLE   447,315 0 0
CBRE GROUP INC CL A 12504L109   13,650,056 156,197 SH   SOLE   156,197 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301   124,823 15,130 SH   SOLE   15,130 0 0
DIGITAL RLTY TR INC COM 253868103   46,383,057 305,735 SH   SOLE   305,735 0 0
EQUINIX INC COM 29444U700   37,179,611 49,639 SH   SOLE   49,639 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107   24,878,501 368,625 SH   SOLE   368,625 0 0
ESSENTIAL PPTYS RLTY TR INC COM 29670E107   18,228,772 654,534 SH   SOLE   654,534 0 0
ESSEX PPTY TR INC COM 297178105   18,073,445 67,038 SH   SOLE   67,038 0 0
INVITATION HOMES INC COM 46187W107   30,921,211 858,684 SH   SOLE   858,684 0 0
KIMCO RLTY CORP COM 49446R109   23,428,331 1,215,793 SH   SOLE   1,215,793 0 0
KITE RLTY GROUP TR COM NEW 49803T300   12,485,432 563,422 SH   SOLE   563,422 0 0
LXP INDUSTRIAL TRUST COM 529043101   16,662,313 1,776,366 SH   SOLE   1,776,366 0 0
PARK HOTELS & RESORTS INC COM 700517105   10,160,476 696,400 SH   SOLE   696,400 0 0
PROLOGIS INC. COM 74340W103   23,167,471 204,479 SH   SOLE   204,479 0 0
PUBLIC STORAGE OPER CO COM 74460D109   34,379,369 119,647 SH   SOLE   119,647 0 0
REXFORD INDL RLTY INC COM 76169C100   22,247,163 492,085 SH   SOLE   492,085 0 0
SONIDA SENIOR LIVING INC COM 140475203   20,571,373 676,245 SH   SOLE   676,245 0 0
SUN CMNTYS INC COM 866674104   13,930,285 118,324 SH   SOLE   118,324 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101   125,294 12,430 SH   SOLE   12,430 0 0
TOLL BROTHERS INC COM 889478103   2,669,842 23,840 SH   SOLE   23,840 0 0
UNITED HOMES GROUP INC CL A 91060H108   145,394 25,068 SH   SOLE   25,068 0 0
VENTAS INC COM 92276F100   3,906,969 75,395 SH   SOLE   75,395 0 0
VERIS RESIDENTIAL INC COM 554489104   2,047,766 136,700 SH   SOLE   136,700 0 0
VICI PPTYS INC COM 925652109   18,673,558 672,921 SH   SOLE   672,921 0 0
WELLTOWER INC COM 95040Q104   34,291,636 325,502 SH   SOLE   325,502 0 0