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 RENT REIT CLASS A EQU 02665T306   816,694 25,968 SH   SOLE 11 25,968 0 0
EQUINIX REIT INC EQU 29444U700   1,758,617 2,439 SH   SOLE 11 2,439 0 0
EQUITY LIFESTYLE PROPERTIES REIT I EQU 29472R108   366,463 5,459 SH   SOLE 11 5,459 0 0
EQUITY RESIDENTIAL REIT EQU 29476L107   3,261,360 54,356 SH   SOLE 11 54,356 0 0
EXTRA SPACE STORAGE REIT INC EQU 30225T102   582,801 3,577 SH   SOLE 11 3,577 0 0
GAMING AND LEISURE PROPERTIES REIT EQU 36467J108   1,826,265 35,080 SH   SOLE 11 35,080 0 0
HOST HOTELS & RESORTS REIT INC EQU 44107P104   2,052,428 124,465 SH   SOLE 11 124,465 0 0
INVITATION HOMES INC EQU 46187W107   4,394,248 140,706 SH   SOLE 11 140,706 0 0
ISHARES CORE MSCI EMERGING MARKETS EQU 46434G103   3,104,898 63,638 SH   SOLE 11 63,638 0 0
MID AMERICA APARTMENT COMMUNITIES EQU 59522J103   1,258,465 8,332 SH   SOLE 11 8,332 0 0
PROLOGIS REIT INC EQU 74340W103   8,882,376 71,190 SH   SOLE 11 71,190 0 0
PUBLIC STORAGE REIT EQU 74460D109   4,939,687 16,349 SH   SOLE 11 16,349 0 0
SPDR S&P 500 ETF TRUST EQU 78462F103   64,744,210 158,148 SH   SOLE 11 158,148 0 0
SABRA HEALTHCARE REIT INC EQU 78573L106   228,229 19,846 SH   SOLE 11 19,846 0 0
WELLTOWER INC EQU 95040Q104   1,961,582 27,362 SH   SOLE 11 27,362 0 0
HEALTHPEAK PROPERTIES EQU 42250P103   1,232,165 56,084 SH   SOLE 11 56,084 0 0
FIRST INDUSTRIAL REALTY TRUST EQU 32054K103   2,338,619 43,959 SH   SOLE 11 43,959 0 0
RLJ LODGING TRUST EQU 74965L101   141,075 13,309 SH   SOLE 11 13,309 0 0
AMERICOLD REALTY TRUST EQU 03064D108   282,850 9,942 SH   SOLE 11 9,942 0 0
BRIXMOR PROPERTY GROUP INC EQU 11120U105   719,435 33,431 SH   SOLE 11 33,431 0 0
CORPORATE OFFICE PROPERTIES TRUST EQU 22002T108   538,952 22,731 SH   SOLE 11 22,731 0 0
KILROY REALTY CORPORATION EQU 49427F108   568,588 17,549 SH   SOLE 11 17,549 0 0
ISHARES TRUST ISHARES 5-10 YEA EQU 464288638   130,471,704 2,544,300 SH   SOLE 11 2,544,300 0 0
ISHARES TRUST ISHARES 1-5 YEAR EQU 464288646   269,322,606 5,328,900 SH   SOLE 11 5,328,900 0 0
ISHARES CORE S&P TOTAL U.S. STOCK EQU 464287150   15,312,548 169,106 SH   SOLE 11 169,106 0 0
AGREE REALTY CORP EQU 008492100   854,057 12,448 SH   SOLE 11 12,448 0 0
AVALONBAY COMMUNITIES REIT INC EQU 053484101   4,811,390 28,629 SH   SOLE 11 28,629 0 0
COUSINS PROPERTIES REIT INC EQU 222795502   689,484 32,249 SH   SOLE 11 32,249 0 0
DIGITAL REALTY TRUST REIT INC EQU 253868103   5,487,763 55,821 SH   SOLE 11 55,821 0 0
HIGHWOODS PROPERTIES EQU 431284108   729,302 31,449 SH   SOLE 11 31,449 0 0
ISHARES IBOXX USD HIGH YIELD CORPO EQU 464288513   104,470,540 1,382,800 SH   SOLE 11 1,382,800 0 0
PARK HOTELS RESORTS INC EQU 700517105   575,543 46,565 SH   SOLE 11 46,565 0 0
SIMON PROPERTY GROUP REIT INC EQU 828806109   4,004,047 35,760 SH   SOLE 11 35,760 0 0
TANGER FACTORY OUTLETS EQU 875465106   805,870 41,053 SH   SOLE 11 41,053 0 0
WASHINGTON REAL ESTATE EQU 939653101   939,775 52,619 SH   SOLE 11 52,619 0 0
ALEXANDRIA REAL ESTATE EQUITIES RE EQU 015271109   610,870 4,864 SH   SOLE 11 4,864 0 0
REALTY INCOME REIT CORP EQU 756109104   2,759,612 43,582 SH   SOLE 11 43,582 0 0
REGENCY CENTERS REIT CORP EQU 758849103   1,025,683 16,765 SH   SOLE 11 16,765 0 0
SUN COMMUNITIES REIT INC EQU 866674104   3,202,907 22,735 SH   SOLE 11 22,735 0 0
ISHARES NATIONAL MUNI BOND ETF EQU 464288414   24,626,671 228,575 SH   SOLE 11 228,575 0 0
BOSTON PROPERTIES REIT INC EQU 101121101   1,224,140 22,619 SH   SOLE 11 22,619 0 0
ISHARES CORE S&P ETF EQU 464287200   33,056,587 80,414 SH   SOLE 11 80,414 0 0
UDR REIT INC EQU 902653104   2,021,466 49,232 SH   SOLE 11 49,232 0 0
VICI PPTYS INC EQU 925652109   1,078,678 33,068 SH   SOLE 11 33,068 0 0
ISHARES BROAD USD HIGH YIELD CORPO EQU 46435U853   43,655,400 1,228,000 SH   SOLE 11 1,228,000 0 0
NATIONAL STORAGE AFFILIATES TRUST EQU 637870106   577,692 13,827 SH   SOLE 11 13,827 0 0
SPDR PORTFOLIO SHORT TERM CORPORAT EQU 78464A474   40,747,324 1,375,205 SH   SOLE 11 1,375,205 0 0
HEALTHCARE REALTY TRUST INC CLASS EQU 42226K105   2,046,873 105,891 SH   SOLE 11 105,891 0 0
FEDERAL REALTY INVESTMENT TRUST RE EQU 313745101   809,220 8,188 SH   SOLE 11 8,188 0 0
BRANDYWINE REALTY EQU 105368203   286,553 60,582 SH   SOLE 11 60,582 0 0
SAFEHOLD INC EQU 78646V107   713,767 23,968 SH   SOLE 11 23,968 0 0
AT&T INC EQU 00206R102   452,009 23,481 SH   SOLE 12 23,481 0 0
ABBVIE INC EQU 00287Y109   991,600 6,222 SH   SOLE 12 6,222 0 0
ACTIVISION BLIZZARD INC EQU 00507V109   238,454 2,786 SH   SOLE 12 2,786 0 0
ADOBE INC EQU 00724F101   674,012 1,749 SH   SOLE 12 1,749 0 0
ALPHABET INC CLASS C EQU 02079K107   2,030,808 19,527 SH   SOLE 12 19,527 0 0
ALPHABET INC CLASS A EQU 02079K305   2,193,475 21,146 SH   SOLE 12 21,146 0 0
ALTRIA GROUP INC EQU 02209S103   273,654 6,133 SH   SOLE 12 6,133 0 0
AMERICAN HOMES RENT REIT CLASS A EQU 02665T306   1,097,133 34,885 SH   SOLE 12 34,885 0 0
AMERICAN TOWER REIT CORP EQU 03027X100   307,940 1,507 SH   SOLE 12 1,507 0 0
BLACKROCK INC EQU 09247X101   357,979 535 SH   SOLE 12 535 0 0
BOOKING HOLDINGS INC EQU 09857L108   339,508 128 SH   SOLE 12 128 0 0
BROADCOM INC EQU 11135F101   939,856 1,465 SH   SOLE 12 1,465 0 0
CME GROUP INC CLASS A EQU 12572Q105   256,828 1,341 SH   SOLE 12 1,341 0 0
CISCO SYSTEMS INC EQU 17275R102   725,682 13,882 SH   SOLE 12 13,882 0 0
COMCAST CORP CLASS A EQU 20030N101   578,431 15,258 SH   SOLE 12 15,258 0 0
CONOCOPHILLIPS EQU 20825C104   422,932 4,263 SH   SOLE 12 4,263 0 0
COSTCO WHOLESALE CORP EQU 22160K105   819,339 1,649 SH   SOLE 12 1,649 0 0
DUKE ENERGY CORP EQU 26441C204   226,608 2,349 SH   SOLE 12 2,349 0 0
EQUINIX REIT INC EQU 29444U700   2,598,628 3,604 SH   SOLE 12 3,604 0 0
EQUITY LIFESTYLE PROPERTIES REIT I EQU 29472R108   503,072 7,494 SH   SOLE 12 7,494 0 0
EQUITY RESIDENTIAL REIT EQU 29476L107   4,342,980 72,383 SH   SOLE 12 72,383 0 0
EXELON CORP EQU 30161N101   223,441 5,334 SH   SOLE 12 5,334 0 0
EXTRA SPACE STORAGE REIT INC EQU 30225T102   815,302 5,004 SH   SOLE 12 5,004 0 0
EXXON MOBIL CORP EQU 30231G102   1,573,621 14,350 SH   SOLE 12 14,350 0 0
META PLATFORMS INC CLASS A EQU 30303M102   1,655,463 7,811 SH   SOLE 12 7,811 0 0
GAMING AND LEISURE PROPERTIES REIT EQU 36467J108   2,419,905 46,483 SH   SOLE 12 46,483 0 0
GOLDMAN SACHS GROUP INC EQU 38141G104   353,279 1,080 SH   SOLE 12 1,080 0 0
HCA Healthcare Inc EQU 40412C101   232,038 880 SH   SOLE 12 880 0 0
HOST HOTELS & RESORTS REIT INC EQU 44107P104   2,843,008 172,408 SH   SOLE 12 172,408 0 0
INTERCONTINENTAL EXCHANGE INC EQU 45866F104   258,118 2,475 SH   SOLE 12 2,475 0 0
INTUITIVE SURGICAL INC EQU 46120E602   357,913 1,401 SH   SOLE 12 1,401 0 0
INVITATION HOMES INC EQU 46187W107   6,130,761 196,310 SH   SOLE 12 196,310 0 0
ISHARES CORE MSCI EMERGING MARKETS EQU 46434G103   1,864,607 38,217 SH   SOLE 12 38,217 0 0
JPMORGAN CHASE EQU 46625H100   1,334,114 10,238 SH   SOLE 12 10,238 0 0
MARATHON PETROLEUM CORP EQU 56585A102   272,491 2,021 SH   SOLE 12 2,021 0 0
MASTERCARD INC CLASS A EQU 57636Q104   1,089,867 2,999 SH   SOLE 12 2,999 0 0
MCKESSON CORP EQU 58155Q103   234,637 659 SH   SOLE 12 659 0 0
MERCK & CO INC EQU 58933Y105   913,252 8,584 SH   SOLE 12 8,584 0 0
MID AMERICA APARTMENT COMMUNITIES EQU 59522J103   1,777,288 11,767 SH   SOLE 12 11,767 0 0
NETFLIX INC EQU 64110L106   539,294 1,561 SH   SOLE 12 1,561 0 0
NEXTERA ENERGY INC EQU 65339F101   582,416 7,556 SH   SOLE 12 7,556 0 0
NVIDIA CORP EQU 67066G104   2,359,656 8,495 SH   SOLE 12 8,495 0 0
OREILLY AUTOMOTIVE INC EQU 67103H107   261,486 308 SH   SOLE 12 308 0 0
ORACLE CORP EQU 68389X105   529,086 5,694 SH   SOLE 12 5,694 0 0
PAYPAL HOLDINGS INC EQU 70450Y103   309,835 4,080 SH   SOLE 12 4,080 0 0
PROLOGIS REIT INC EQU 74340W103   11,881,348 95,226 SH   SOLE 12 95,226 0 0
PUBLIC STORAGE REIT EQU 74460D109   6,854,952 22,688 SH   SOLE 12 22,688 0 0
REGENERON PHARMACEUTICALS INC EQU 75886F107   306,483 373 SH   SOLE 12 373 0 0
S&P GLOBAL INC EQU 78409V104   469,922 1,363 SH   SOLE 12 1,363 0 0
SPDR S&P 500 ETF TRUST EQU 78462F103   4,241,280 10,360 SH   SOLE 12 10,360 0 0
SPDR BLOOMBERG BARCLAYS HIGH YIELD EQU 78468R622   19,762,585 212,913 SH   SOLE 12 212,913 0 0
SABRA HEALTHCARE REIT INC EQU 78573L106   314,364 27,336 SH   SOLE 12 27,336 0 0
SALESFORCE INC EQU 79466L302   721,805 3,613 SH   SOLE 12 3,613 0 0
SERVICENOW INC EQU 81762P102   281,620 606 SH   SOLE 12 606 0 0
TESLA INC EQU 88160R101   1,884,567 9,084 SH   SOLE 12 9,084 0 0
UNITEDHEALTH GROUP INC EQU 91324P102   1,601,135 3,388 SH   SOLE 12 3,388 0 0
VALERO ENERGY CORP EQU 91913Y100   202,001 1,447 SH   SOLE 12 1,447 0 0
VERIZON COMMUNICATIONS INC EQU 92343V104   568,805 14,626 SH   SOLE 12 14,626 0 0
VERTEX PHARMACEUTICALS INC EQU 92532F100   309,714 983 SH   SOLE 12 983 0 0
VISA INC CLASS A EQU 92826C839   1,256,489 5,573 SH   SOLE 12 5,573 0 0
WASTE MANAGEMENT INC EQU 94106L109   319,487 1,958 SH   SOLE 12 1,958 0 0
WELLTOWER INC EQU 95040Q104   2,781,787 38,803 SH   SOLE 12 38,803 0 0
ZOETIS INC CLASS A EQU 98978V103   354,351 2,129 SH   SOLE 12 2,129 0 0
ACCENTURE PLC CLASS A EQU G1151C101   691,946 2,421 SH   SOLE 12 2,421 0 0
EATON PLC EQU G29183103   289,907 1,692 SH   SOLE 12 1,692 0 0
MEDTRONIC PLC EQU G5960L103   265,885 3,298 SH   SOLE 12 3,298 0 0
CHUBB LTD EQU H1467J104   243,113 1,252 SH   SOLE 12 1,252 0 0
HEALTHPEAK PROPERTIES EQU 42250P103   1,544,249 70,289 SH   SOLE 12 70,289 0 0
FIRST INDUSTRIAL REALTY TRUST EQU 32054K103   3,159,761 59,394 SH   SOLE 12 59,394 0 0
RLJ LODGING TRUST EQU 74965L101   177,635 16,758 SH   SOLE 12 16,758 0 0
AMERICOLD REALTY TRUST EQU 03064D108   359,494 12,636 SH   SOLE 12 12,636 0 0
BRIXMOR PROPERTY GROUP INC EQU 11120U105   987,703 45,897 SH   SOLE 12 45,897 0 0
CORPORATE OFFICE PROPERTIES TRUST EQU 22002T108   689,131 29,065 SH   SOLE 12 29,065 0 0
KILROY REALTY CORPORATION EQU 49427F108   750,838 23,174 SH   SOLE 12 23,174 0 0
BLACKSTONE INC EQU 09260D107   247,972 2,823 SH   SOLE 12 2,823 0 0
ISHARES TRUST ISHARES 5-10 YEA EQU 464288638   50,709,048 988,866 SH   SOLE 12 988,866 0 0
ISHARES TRUST ISHARES 1-5 YEAR EQU 464288646   127,409,318 2,520,960 SH   SOLE 12 2,520,960 0 0
ABBOTT LABORATORIES EQU 002824100   700,922 6,922 SH   SOLE 12 6,922 0 0
ADVANCED MICRO DEVICES INC EQU 007903107   560,323 5,717 SH   SOLE 12 5,717 0 0
AGREE REALTY CORP EQU 008492100   685,414 9,990 SH   SOLE 12 9,990 0 0
AMAZON COM INC EQU 023135106   3,307,656 32,023 SH   SOLE 12 32,023 0 0
AMERICAN EXPRESS EQU 025816109   414,849 2,515 SH   SOLE 12 2,515 0 0
AMGEN INC EQU 031162100   429,106 1,775 SH   SOLE 12 1,775 0 0
ELEVANCE HEALTH INC EQU 036752103   430,382 936 SH   SOLE 12 936 0 0
APPLE INC EQU 037833100   9,154,753 55,517 SH   SOLE 12 55,517 0 0
APPLIED MATERIAL INC EQU 038222105   429,291 3,495 SH   SOLE 12 3,495 0 0
ARCHER DANIELS MIDLAND EQU 039483102   202,655 2,544 SH   SOLE 12 2,544 0 0
AUTOMATIC DATA PROCESSING INC EQU 053015103   357,544 1,606 SH   SOLE 12 1,606 0 0
AVALONBAY COMMUNITIES REIT INC EQU 053484101   6,536,862 38,896 SH   SOLE 12 38,896 0 0
BANK OF AMERICA CORP EQU 060505104   669,555 23,411 SH   SOLE 12 23,411 0 0
BECTON DICKINSON EQU 075887109   252,738 1,021 SH   SOLE 12 1,021 0 0
BERKSHIRE HATHAWAY INC CLASS B EQU 084670702   1,375,570 4,455 SH   SOLE 12 4,455 0 0
BOEING EQU 097023105   398,306 1,875 SH   SOLE 12 1,875 0 0
BOSTON SCIENTIFIC CORP EQU 101137107   288,823 5,773 SH   SOLE 12 5,773 0 0
BRISTOL MYERS SQUIBB EQU 110122108   472,348 6,815 SH   SOLE 12 6,815 0 0
CATERPILLAR INC EQU 149123101   425,414 1,859 SH   SOLE 12 1,859 0 0
CHARLES SCHWAB CORP EQU 808513105   263,367 5,028 SH   SOLE 12 5,028 0 0
CHEVRON CORP EQU 166764100   1,022,524 6,267 SH   SOLE 12 6,267 0 0
CIGNA EQU 125523100   235,854 923 SH   SOLE 12 923 0 0
CITIGROUP INC EQU 172967424   209,317 4,464 SH   SOLE 12 4,464 0 0
COCA-COLA EQU 191216100   841,685 13,569 SH   SOLE 12 13,569 0 0
COUSINS PROPERTIES REIT INC EQU 222795502   854,473 39,966 SH   SOLE 12 39,966 0 0
CSX CORP EQU 126408103   280,298 9,362 SH   SOLE 12 9,362 0 0
CVS HEALTH CORP EQU 126650100   329,639 4,436 SH   SOLE 12 4,436 0 0
DANAHER CORP EQU 235851102   681,012 2,702 SH   SOLE 12 2,702 0 0
DEERE EQU 244199105   436,414 1,057 SH   SOLE 12 1,057 0 0
DIGITAL REALTY TRUST REIT INC EQU 253868103   7,882,299 80,178 SH   SOLE 12 80,178 0 0
WALT DISNEY EQU 254687106   624,010 6,232 SH   SOLE 12 6,232 0 0
EDWARDS LIFESCIENCES CORP EQU 28176E108   216,587 2,618 SH   SOLE 12 2,618 0 0
ELI LILLY EQU 532457108   997,635 2,905 SH   SOLE 12 2,905 0 0
ESTEE LAUDER INC CLASS A EQU 518439104   246,214 999 SH   SOLE 12 999 0 0
FISERV INC EQU 337738108   234,537 2,075 SH   SOLE 12 2,075 0 0
FORD MOTOR EQU 345370860   203,150 16,123 SH   SOLE 12 16,123 0 0
GENERAL DYNAMICS CORP EQU 369550108   225,700 989 SH   SOLE 12 989 0 0
GILEAD SCIENCES INC EQU 375558103   321,841 3,879 SH   SOLE 12 3,879 0 0
HERSHEY FOODS EQU 427866108   224,390 882 SH   SOLE 12 882 0 0
HIGHWOODS PROPERTIES EQU 431284108   745,674 32,155 SH   SOLE 12 32,155 0 0
HOME DEPOT INC EQU 437076102   1,049,742 3,557 SH   SOLE 12 3,557 0 0
HONEYWELL INTERNATIONAL INC EQU 438516106   468,817 2,453 SH   SOLE 12 2,453 0 0
HUMANA INC EQU 444859102   234,963 484 SH   SOLE 12 484 0 0
ILLINOIS TOOL INC EQU 452308109   351,542 1,444 SH   SOLE 12 1,444 0 0
INTEL CORPORATION CORP EQU 458140100   462,052 14,143 SH   SOLE 12 14,143 0 0
INTERNATIONAL BUSINESS MACHINES CO EQU 459200101   384,749 2,935 SH   SOLE 12 2,935 0 0
INTUIT INC EQU 461202103   460,542 1,033 SH   SOLE 12 1,033 0 0
ISHARES IBOXX USD HIGH YIELD CORPO EQU 464288513   22,860,372 302,586 SH   SOLE 12 302,586 0 0
JOHNSON & JOHNSON EQU 478160104   1,350,515 8,713 SH   SOLE 12 8,713 0 0
LAM RESEARCH CORP EQU 512807108   277,253 523 SH   SOLE 12 523 0 0
LOCKHEED MARTIN CORP EQU 539830109   397,566 841 SH   SOLE 12 841 0 0
LOWES COMPANIES INC EQU 548661107   469,930 2,350 SH   SOLE 12 2,350 0 0
MARSH & MCLENNAN INC EQU 571748102   371,407 2,230 SH   SOLE 12 2,230 0 0
MCDONALDS CORP EQU 580135101   695,949 2,489 SH   SOLE 12 2,489 0 0
MICROSOFT CORP EQU 594918104   7,161,660 24,841 SH   SOLE 12 24,841 0 0
MONDELEZ INTERNATIONAL INC CLASS A EQU 609207105   346,020 4,963 SH   SOLE 12 4,963 0 0
MOODYS CORP EQU 615369105   253,079 827 SH   SOLE 12 827 0 0
MORGAN STANLEY EQU 617446448   437,771 4,986 SH   SOLE 12 4,986 0 0
NIKE INC CLASS B EQU 654106103   548,569 4,473 SH   SOLE 12 4,473 0 0
NORFOLK SOUTHERN CORP EQU 655844108   234,896 1,108 SH   SOLE 12 1,108 0 0
NORTHROP GRUMMAN CORP EQU 666807102   249,791 541 SH   SOLE 12 541 0 0
OCCIDENTAL PETROLEUM CORP EQU 674599105   211,825 3,393 SH   SOLE 12 3,393 0 0
PARK HOTELS RESORTS INC EQU 700517105   692,852 56,056 SH   SOLE 12 56,056 0 0
PEPSICO INC EQU 713448108   912,047 5,003 SH   SOLE 12 5,003 0 0
PFIZER INC EQU 717081103   799,394 19,593 SH   SOLE 12 19,593 0 0
PHILIP MORRIS INTERNATIONAL INC EQU 718172109   504,047 5,183 SH   SOLE 12 5,183 0 0
PIONEER NATURAL RESOURCE EQU 723787107   220,375 1,079 SH   SOLE 12 1,079 0 0
PROCTER & GAMBLE EQU 742718109   1,147,887 7,720 SH   SOLE 12 7,720 0 0
PROGRESSIVE CORP EQU 743315103   344,345 2,407 SH   SOLE 12 2,407 0 0
QUALCOMM INC EQU 747525103   501,007 3,927 SH   SOLE 12 3,927 0 0
SCHLUMBERGER NV EQU 806857108   265,778 5,413 SH   SOLE 12 5,413 0 0
SHERWIN WILLIAMS EQU 824348106   217,128 966 SH   SOLE 12 966 0 0
SIMON PROPERTY GROUP REIT INC EQU 828806109   5,478,692 48,930 SH   SOLE 12 48,930 0 0
SOUTHERN EQU 842587107   224,535 3,227 SH   SOLE 12 3,227 0 0
STARBUCKS CORP EQU 855244109   394,861 3,792 SH   SOLE 12 3,792 0 0
STRYKER CORP EQU 863667101   367,400 1,287 SH   SOLE 12 1,287 0 0
TANGER FACTORY OUTLETS EQU 875465106   1,109,723 56,532 SH   SOLE 12 56,532 0 0
TARGET CORP EQU 87612E106   252,254 1,523 SH   SOLE 12 1,523 0 0
TEXAS INSTRUMENT INC EQU 882508104   592,256 3,184 SH   SOLE 12 3,184 0 0
THERMO FISHER SCIENTIFIC INC EQU 883556102   864,555 1,500 SH   SOLE 12 1,500 0 0
UNION PACIFIC CORP EQU 907818108   467,124 2,321 SH   SOLE 12 2,321 0 0
UNITED PARCEL SERVICE INC CLASS B EQU 911312106   493,511 2,544 SH   SOLE 12 2,544 0 0
WALMART INC EQU 931142103   779,126 5,284 SH   SOLE 12 5,284 0 0
WASHINGTON REAL ESTATE EQU 939653101   1,282,169 71,790 SH   SOLE 12 71,790 0 0
WELLS FARGO EQU 949746101   512,891 13,721 SH   SOLE 12 13,721 0 0
ALEXANDRIA REAL ESTATE EQUITIES RE EQU 015271109   823,745 6,559 SH   SOLE 12 6,559 0 0
REALTY INCOME REIT CORP EQU 756109104   3,404,590 53,768 SH   SOLE 12 53,768 0 0
REGENCY CENTERS REIT CORP EQU 758849103   1,404,815 22,962 SH   SOLE 12 22,962 0 0
SUN COMMUNITIES REIT INC EQU 866674104   4,369,816 31,018 SH   SOLE 12 31,018 0 0
ISHARES NATIONAL MUNI BOND ETF EQU 464288414   41,933,593 389,211 SH   SOLE 12 389,211 0 0
AIR PRODUCTS AND CHEMICALS INC EQU 009158106   233,789 814 SH   SOLE 12 814 0 0
AMPHENOL CORP. EQU 032095101   307,921 3,768 SH   SOLE 12 3,768 0 0
ANALOG DEVICES INC EQU 032654105   366,632 1,859 SH   SOLE 12 1,859 0 0
AUTOZONE INC EQU 053332102   211,401 86 SH   SOLE 12 86 0 0
BOSTON PROPERTIES REIT INC EQU 101121101   1,441,270 26,631 SH   SOLE 12 26,631 0 0
GENERAL MILLS INC EQU 370334104   202,540 2,370 SH   SOLE 12 2,370 0 0
KLA CORP EQU 482480100   209,564 525 SH   SOLE 12 525 0 0
MICRON TECHNOLOGY INC EQU 595112103   265,074 4,393 SH   SOLE 12 4,393 0 0
PALO ALTO NETWORKS INC EQU 697435105   240,687 1,205 SH   SOLE 12 1,205 0 0
ROPER TECHNOLOGIES INC EQU 776696106   211,972 481 SH   SOLE 12 481 0 0
T MOBILE US INC EQU 872590104   335,884 2,319 SH   SOLE 12 2,319 0 0
TJX INC EQU 872540109   299,178 3,818 SH   SOLE 12 3,818 0 0
ISHARES CORE S&P ETF EQU 464287200   41,477,972 100,900 SH   SOLE 12 100,900 0 0
UDR REIT INC EQU 902653104   2,699,613 65,748 SH   SOLE 12 65,748 0 0
VICI PPTYS INC EQU 925652109   1,637,654 50,204 SH   SOLE 12 50,204 0 0
AON PLC CLASS A EQU G0403H108   302,678 960 SH   SOLE 12 960 0 0
CARRIER GLOBAL CORP EQU 14448C104   205,601 4,494 SH   SOLE 12 4,494 0 0
RAYTHEON TECHNOLOGIES CORP EQU 75513E101   498,757 5,093 SH   SOLE 12 5,093 0 0
ISHARES BROAD USD HIGH YIELD CORPO EQU 46435U853   17,775,000 500,000 SH   SOLE 12 500,000 0 0
MERCADOLIBRE INC EQU 58733R102   200,345 152 SH   SOLE 12 152 0 0
GENERAL ELECTRIC EQU 369604301   314,428 3,289 SH   SOLE 12 3,289 0 0
ISHARES US ENERGY ETF EQU 464287796   1,379,875 31,540 SH   SOLE 12 31,540 0 0
ISHARES CHINA LARGE-CAP ETF EQU 464287184   590,600 20,000 SH   SOLE 12 20,000 0 0
ISHARES MSCI AUSTRALIA ETF INC EQU 464286103   405,969 17,697 SH   SOLE 12 17,697 0 0
ISHARES MSCI JAPAN ETF EQU 46434G822   1,141,931 19,457 SH   SOLE 12 19,457 0 0
NATIONAL STORAGE AFFILIATES TRUST EQU 637870106   497,182 11,900 SH   SOLE 12 11,900 0 0
SPDR PORTFOLIO SHORT TERM CORPORAT EQU 78464A474   18,183,457 613,684 SH   SOLE 12 613,684 0 0
HEALTHCARE REALTY TRUST INC CLASS EQU 42226K105   2,777,624 143,695 SH   SOLE 12 143,695 0 0
ISHARES SEMICONDUCTOR ETF EQU 464287523   869,330 1,955 SH   SOLE 12 1,955 0 0
FEDERAL REALTY INVESTMENT TRUST RE EQU 313745101   1,028,524 10,407 SH   SOLE 12 10,407 0 0
BRANDYWINE REALTY EQU 105368203   348,960 73,776 SH   SOLE 12 73,776 0 0
GE HEALTHCARE TECHNOLOGIES EQU 36266G107   220,907 2,693 SH   SOLE 12 2,693 0 0
SAFEHOLD INC EQU 78646V107   933,782 31,356 SH   SOLE 12 31,356 0 0
LINDE PLC EQU G54950103   549,510 1,546 SH   SOLE 12 1,546 0 0