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   876,226 13,400 SH   SOLE   13,400 0 0
AMERICAN HOMES 4 RENT CL A 02665T306   4,998,450 141,000 SH   SOLE   141,000 0 0
CAMDEN PPTY TR SH BEN INT 133131102   1,535,067 14,100 SH   SOLE   14,100 0 0
CARETRUST REIT INC COM 14174T107   639,492 32,200 SH   SOLE   32,200 0 0
CROWN CASTLE INC COM 22822V101   2,780,136 24,400 SH   SOLE   24,400 0 0
CUBESMART COM 229663109   3,595,130 80,500 SH   SOLE   80,500 0 0
DIGITAL RLTY TR INC COM 253868103   3,347,778 29,400 SH   SOLE   29,400 0 0
EASTGROUP PPTYS INC COM 277276101   7,048,160 40,600 SH   SOLE   40,600 0 0
EQUINIX INC COM 29444U700   10,810,533 13,790 SH   SOLE   13,790 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108   3,939,821 58,900 SH   SOLE   58,900 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107   11,109,348 168,400 SH   SOLE   168,400 0 0
EXTRA SPACE STORAGE INC COM 30225T102   1,607,580 10,800 SH   SOLE   10,800 0 0
KILROY RLTY CORP COM 49427F108   583,746 19,400 SH   SOLE   19,400 0 0
KIMCO RLTY CORP COM 49446R109   1,001,776 50,800 SH   SOLE   50,800 0 0
MID-AMER APT CMNTYS INC COM 59522J103   4,282,452 28,200 SH   SOLE   28,200 0 0
PROLOGIS INC. COM 74340W103   10,617,551 86,582 SH   SOLE   86,582 0 0
PUBLIC STORAGE COM 74460D109   6,200,699 21,244 SH   SOLE   21,244 0 0
REXFORD INDL RLTY INC COM 76169C100   8,558,858 163,900 SH   SOLE   163,900 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104   4,890,136 21,100 SH   SOLE   21,100 0 0
TERRENO RLTY CORP COM 88146M101   883,470 14,700 SH   SOLE   14,700 0 0
WELLTOWER INC COM 95040Q104   1,051,570 13,000 SH   SOLE   13,000 0 0