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
AMERICAN HOMES 4 RENT CL A 02665T306   1,607,412 44,700 SH   SOLE   44,700 0 0
AVALONBAY CMNTYS INC COM 053484101   3,295,072 17,600 SH   SOLE   17,600 0 0
BOSTON PROPERTIES INC COM 101121101   1,122,720 16,000 SH   SOLE   16,000 0 0
CAMDEN PPTY TR SH BEN INT 133131102   3,326,215 33,500 SH   SOLE   33,500 0 0
CARETRUST REIT INC COM 14174T107   720,636 32,200 SH   SOLE   32,200 0 0
CBRE GROUP INC CL A 12504L109   3,435,021 36,900 SH   SOLE   36,900 0 0
COSTAR GROUP INC COM 22160N109   3,359,446 38,442 SH   SOLE   38,442 0 0
CROWN CASTLE INC COM 22822V101   3,282,915 28,500 SH   SOLE   28,500 0 0
CUBESMART COM 229663109   4,458,870 96,200 SH   SOLE   96,200 0 0
DIGITAL RLTY TR INC COM 253868103   726,732 5,400 SH   SOLE   5,400 0 0
EASTGROUP PPTYS INC COM 277276101   3,267,012 17,800 SH   SOLE   17,800 0 0
EQUINIX INC COM 29444U700   7,965,307 9,890 SH   SOLE   9,890 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108   3,738,620 53,000 SH   SOLE   53,000 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107   8,170,976 133,600 SH   SOLE   133,600 0 0
ESSEX PPTY TR INC COM 297178105   2,801,722 11,300 SH   SOLE   11,300 0 0
FIRST INDL RLTY TR INC COM 32054K103   3,360,346 63,800 SH   SOLE   63,800 0 0
HOST HOTELS & RESORTS INC COM 44107P104   819,687 42,100 SH   SOLE   42,100 0 0
KILROY RLTY CORP COM 49427F108   956,160 24,000 SH   SOLE   24,000 0 0
KIMCO RLTY CORP COM 49446R109   1,180,574 55,400 SH   SOLE   55,400 0 0
MID-AMER APT CMNTYS INC COM 59522J103   3,321,162 24,700 SH   SOLE   24,700 0 0
PROLOGIS INC. COM 74340W103   8,502,141 63,782 SH   SOLE   63,782 0 0
PUBLIC STORAGE COM 74460D109   6,326,920 20,744 SH   SOLE   20,744 0 0
REXFORD INDL RLTY INC COM 76169C100   3,377,220 60,200 SH   SOLE   60,200 0 0
TERRENO RLTY CORP COM 88146M101   802,176 12,800 SH   SOLE   12,800 0 0
WELLTOWER INC COM 95040Q104   937,768 10,400 SH   SOLE   10,400 0 0
WEYERHAEUSER CO MTN BE COM NEW 962166104   3,342,266 96,125 SH   SOLE   96,125 0 0