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
AES CORP COM 00130H105   6,359,432 264,096 SH   SOLE   264,096 0 0
AIR PRODS & CHEMS INC COM 009158106   6,189,950 21,552 SH   SOLE   21,552 0 0
ALCON AG ORD SHS H01301128   5,783,645 81,991 SH   SOLE   81,991 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109   8,463,133 67,387 SH   SOLE   67,387 0 0
APPLE INC COM 037833100   6,764,198 41,020 SH   SOLE   41,020 0 0
BANK AMERICA CORP COM 060505104   7,173,423 250,819 SH   SOLE   250,819 0 0
BECTON DICKINSON & CO 6% DP CONV PFD B 075887406   9,363,022 188,315 SH   SOLE   188,315 0 0
BRISTOL-MYERS SQUIBB CO COM 110122108   7,085,423 102,228 SH   SOLE   102,228 0 0
CAMDEN PPTY TR SH BEN INT 133131102   6,746,244 64,348 SH   SOLE   64,348 0 0
CARRIER GLOBAL CORPORATION COM 14448C104   9,456,388 206,697 SH   SOLE   206,697 0 0
COCA COLA CO COM 191216100   8,064,396 130,008 SH   SOLE   130,008 0 0
COTERRA ENERGY INC COM 127097103   9,001,051 366,791 SH   SOLE   366,791 0 0
EATON CORP PLC SHS G29183103   8,917,219 52,044 SH   SOLE   52,044 0 0
HOME DEPOT INC COM 437076102   8,011,623 27,147 SH   SOLE   27,147 0 0
HUMANA INC COM 444859102   6,303,213 12,984 SH   SOLE   12,984 0 0
JPMORGAN CHASE & CO COM 46625H100   10,278,201 78,875 SH   SOLE   78,875 0 0
LAM RESEARCH CORP COM 512807108   7,021,439 13,245 SH   SOLE   13,245 0 0
MARTIN MARIETTA MATLS INC COM 573284106   9,846,524 27,732 SH   SOLE   27,732 0 0
MICROSOFT CORP COM 594918104   8,751,058 30,354 SH   SOLE   30,354 0 0
MORGAN STANLEY COM NEW 617446448   8,923,641 101,636 SH   SOLE   101,636 0 0
PNC FINL SVCS GROUP INC COM 693475105   5,910,150 46,500 SH   SOLE   46,500 0 0
PROLOGIS INC. COM 74340W103   8,193,272 65,667 SH   SOLE   65,667 0 0
RAYONIER INC COM 754907103   7,936,002 238,605 SH   SOLE   238,605 0 0
SEMPRA COM 816851109   7,214,111 47,725 SH   SOLE   47,725 0 0
TARGET CORP COM 87612E106   5,793,737 34,980 SH   SOLE   34,980 0 0
TECK RESOURCES LTD CL B 878742204   7,482,281 204,994 SH   SOLE   204,994 0 0
TEXAS INSTRS INC COM 882508104   6,679,061 35,907 SH   SOLE   35,907 0 0
TRUIST FINL CORP COM 89832Q109   6,393,750 187,500 SH   SOLE   187,500 0 0
UNION PAC CORP COM 907818108   5,873,974 29,186 SH   SOLE   29,186 0 0
VALERO ENERGY CORP COM 91913Y100   6,548,217 46,907 SH   SOLE   46,907 0 0