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 5,146 145,200 SH   SOLE   145,200 0 0
BROOKDALE SR LIVING INC COM 112463104 923 203,300 SH   SOLE   203,300 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 7,543 44,800 SH   SOLE   44,800 0 0
CUBESMART COM 229663109 8,145 190,668 SH   SOLE   190,668 0 0
DUKE REALTY CORP COM NEW 264411505 9,210 167,600 SH   SOLE   167,600 0 0
EQUINIX INC COM 29444U700 12,477 18,990 SH   SOLE   18,990 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 8,717 123,700 SH   SOLE   123,700 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 13,339 184,700 SH   SOLE   184,700 0 0
EXTRA SPACE STORAGE INC COM 30225T102 1,650 9,700 SH   SOLE   9,700 0 0
HEALTHPEAK PROPERTIES INC COM 42250P103 6,268 241,900 SH   SOLE   241,900 0 0
KIMCO RLTY CORP COM 49446R109 2,030 102,700 SH   SOLE   102,700 0 0
MACERICH CO COM 554382101 728 83,600 SH   SOLE   83,600 0 0
MID-AMER APT CMNTYS INC COM 59522J103 10,096 57,800 SH   SOLE   57,800 0 0
PROLOGIS INC. COM 74340W103 15,000 127,500 SH   SOLE   127,500 0 0
PUBLIC STORAGE COM 74460D109 10,176 32,544 SH   SOLE   32,544 0 0
REGENCY CTRS CORP COM 758849103 3,357 56,600 SH   SOLE   56,600 0 0
REXFORD INDL RLTY INC COM 76169C100 13,822 240,000 SH   SOLE   240,000 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104 17,475 54,600 SH   SOLE   54,600 0 0
SITE CTRS CORP COM 82981J109 2,566 190,500 SH   SOLE   190,500 0 0
SL GREEN RLTY CORP COM 78440X887 1,324 28,691 SH   SOLE   28,691 0 0
SUMMIT HOTEL PPTYS INC COM 866082100 1,260 173,300 SH   SOLE   173,300 0 0