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   944,604 17,100 SH   SOLE   17,100 0 0
AMERICAN HOMES 4 RENT CL A 02665T306   5,019,810 149,000 SH   SOLE   149,000 0 0
CAMDEN PPTY TR SH BEN INT 133131102   1,532,196 16,200 SH   SOLE   16,200 0 0
CARETRUST REIT INC COM 14174T107   660,100 32,200 SH   SOLE   32,200 0 0
CROWN CASTLE INC COM 22822V101   2,245,532 24,400 SH   SOLE   24,400 0 0
CUBESMART COM 229663109   4,060,845 106,500 SH   SOLE   106,500 0 0
DIGITAL RLTY TR INC COM 253868103   4,586,658 37,900 SH   SOLE   37,900 0 0
EASTGROUP PPTYS INC COM 277276101   5,695,326 34,200 SH   SOLE   34,200 0 0
EQUINIX INC COM 29444U700   9,579,369 13,190 SH   SOLE   13,190 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108   3,752,519 58,900 SH   SOLE   58,900 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107   9,522,762 162,200 SH   SOLE   162,200 0 0
HOST HOTELS & RESORTS INC COM 44107P104   466,030 29,000 SH   SOLE   29,000 0 0
KILROY RLTY CORP COM 49427F108   613,234 19,400 SH   SOLE   19,400 0 0
KIMCO RLTY CORP COM 49446R109   893,572 50,800 SH   SOLE   50,800 0 0
MID-AMER APT CMNTYS INC COM 59522J103   3,627,930 28,200 SH   SOLE   28,200 0 0
PROLOGIS INC. COM 74340W103   9,412,399 83,882 SH   SOLE   83,882 0 0
PUBLIC STORAGE COM 74460D109   5,176,587 19,644 SH   SOLE   19,644 0 0
REXFORD INDL RLTY INC COM 76169C100   8,088,465 163,900 SH   SOLE   163,900 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104   3,583,043 17,900 SH   SOLE   17,900 0 0
TERRENO RLTY CORP COM 88146M101   834,960 14,700 SH   SOLE   14,700 0 0
WELLTOWER INC COM 95040Q104   1,064,960 13,000 SH   SOLE   13,000 0 0