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 HOMES 4 RENT CL A 02665T306 5,164 129,000 SH   SOLE   129,000 0 0
AMERICAN TOWER CORP NEW COM 03027X100 16,380 65,200 SH   SOLE   65,200 0 0
BROOKDALE SR LIVING INC COM 112463104 1,261 178,900 SH   SOLE   178,900 0 0
CARETRUST REIT INC COM 14174T107 1,274 66,000 SH   SOLE   66,000 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 7,199 39,000 SH   SOLE   39,000 0 0
CUBESMART COM 229663109 7,361 141,468 SH   SOLE   141,468 0 0
EQUINIX INC COM 29444U700 12,823 17,290 SH   SOLE   17,290 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 8,344 109,100 SH   SOLE   109,100 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 13,686 152,200 SH   SOLE   152,200 0 0
EXTRA SPACE STORAGE INC COM 30225T102 1,727 8,400 SH   SOLE   8,400 0 0
KIMCO RLTY CORP COM 49446R109 2,537 102,700 SH   SOLE   102,700 0 0
MACERICH CO COM 554382101 1,308 83,600 SH   SOLE   83,600 0 0
MID-AMER APT CMNTYS INC COM 59522J103 9,321 44,500 SH   SOLE   44,500 0 0
PROLOGIS INC. COM 74340W103 15,599 96,600 SH   SOLE   96,600 0 0
PS BUSINESS PKS INC CALIF COM 69360J107 8,438 50,200 SH   SOLE   50,200 0 0
PUBLIC STORAGE COM 74460D109 9,774 25,044 SH   SOLE   25,044 0 0
REXFORD INDL RLTY INC COM 76169C100 16,201 217,200 SH   SOLE   217,200 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104 18,960 55,100 SH   SOLE   55,100 0 0
SL GREEN RLTY CORP COM 78440X887 1,883 23,191 SH   SOLE   23,191 0 0
SUMMIT HOTEL PPTYS INC COM 866082100 1,699 170,600 SH   SOLE   170,600 0 0