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   919,374 13,400 SH   SOLE   13,400 0 0
AMERICAN HOMES 4 RENT CL A 02665T306   6,551,035 208,300 SH   SOLE   208,300 0 0
CAMDEN PPTY TR SH BEN INT 133131102   2,002,444 19,100 SH   SOLE   19,100 0 0
CARETRUST REIT INC COM 14174T107   630,476 32,200 SH   SOLE   32,200 0 0
CROWN CASTLE INC COM 22822V101   8,378,384 62,600 SH   SOLE   62,600 0 0
CUBESMART COM 229663109   3,397,170 73,500 SH   SOLE   73,500 0 0
EASTGROUP PPTYS INC COM 277276101   9,340,580 56,500 SH   SOLE   56,500 0 0
EQUINIX INC COM 29444U700   17,946,686 24,890 SH   SOLE   24,890 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108   7,377,587 109,900 SH   SOLE   109,900 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107   18,216,000 303,600 SH   SOLE   303,600 0 0
EXTRA SPACE STORAGE INC COM 30225T102   1,254,561 7,700 SH   SOLE   7,700 0 0
KILROY RLTY CORP COM 49427F108   628,560 19,400 SH   SOLE   19,400 0 0
KIMCO RLTY CORP COM 49446R109   992,124 50,800 SH   SOLE   50,800 0 0
MID-AMER APT CMNTYS INC COM 59522J103   7,265,024 48,100 SH   SOLE   48,100 0 0
PROLOGIS INC. COM 74340W103   18,625,915 149,282 SH   SOLE   149,282 0 0
PUBLIC STORAGE COM 74460D109   12,401,034 41,044 SH   SOLE   41,044 0 0
REXFORD INDL RLTY INC COM 76169C100   16,624,455 278,700 SH   SOLE   278,700 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104   15,638,093 59,900 SH   SOLE   59,900 0 0
TERRENO RLTY CORP COM 88146M101   949,620 14,700 SH   SOLE   14,700 0 0
WELLTOWER INC COM 95040Q104   931,970 13,000 SH   SOLE   13,000 0 0