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
EQUINIX REIT INC EQU 29444U700   1,451,067 1,998 SH   SOLE 11 1,998 0 0
EQUITY RESIDENTIAL SH BEN IN T EQU 29476L107   1,529,983 26,060 SH   SOLE 11 26,060 0 0
EXTRA SPACE STORAGE INC EQU 30225T102   2,135,310 17,563 SH   SOLE 11 17,563 0 0
GAMING AND LEISURE PROPERTIES INC EQU 36467J108   1,108,459 24,335 SH   SOLE 11 24,335 0 0
HOST HOTELS & RESORTS INC EQU 44107P104   1,073,396 66,795 SH   SOLE 11 66,795 0 0
INVITATION HOMES INC EQU 46187W107   3,730,008 117,703 SH   SOLE 11 117,703 0 0
ISHARES CORE MSCI EMERGING MARKETS EQU 46434G103   3,028,532 63,638 SH   SOLE 11 63,638 0 0
MID AMERICA APT EQU 59522J103   1,680,426 13,062 SH   SOLE 11 13,062 0 0
PROLOGIS INC EQU 74340W103   3,714,488 33,103 SH   SOLE 11 33,103 0 0
PUBLIC STORAGE EQU 74460D109   4,466,400 16,949 SH   SOLE 11 16,949 0 0
SBA COMMUNICATIONS CORP CLASS A EQU 78410G104   1,648,600 8,236 SH   SOLE 11 8,236 0 0
SPDR S&P ETF TRUST EQU 78462F103   56,520,551 132,218 SH   SOLE 11 132,218 0 0
SABRA HEALTHCARE REIT INC EQU 78573L106   250,181 17,947 SH   SOLE 11 17,947 0 0
VENTAS INC EQU 92276F100   1,281,047 30,407 SH   SOLE 11 30,407 0 0
HEALTHPEAK PROPERTIES INC EQU 42250P103   3,818,219 207,964 SH   SOLE 11 207,964 0 0
FIRST INDUSTRIAL REALTY TRUST EQU 32054K103   4,490,402 94,356 SH   SOLE 11 94,356 0 0
RLJ LODGING TRUST EQU 74965L101   114,142 11,659 SH   SOLE 11 11,659 0 0
AMERICOLD REALTY TRUST EQU 03064D108   439,455 14,451 SH   SOLE 11 14,451 0 0
BRIXMOR PROPERTY GROUP INC EQU 11120U105   1,089,911 52,450 SH   SOLE 11 52,450 0 0
CORPORATE OFFICE PROPERTIES TRUST EQU 22002T108   337,099 14,146 SH   SOLE 11 14,146 0 0
RETAIL OPPORTUNITY INVESTMEN EQU 76131N101   557,335 45,019 SH   SOLE 11 45,019 0 0
ISHARES -10 YR INVESTMENT GRADE CO EQU 464288638   198,725,520 4,084,800 SH   SOLE 11 4,084,800 0 0
ISHARES -5 YEAR INVESTMENT GRADE C EQU 464288646   280,488,087 5,628,900 SH   SOLE 11 5,628,900 0 0
ISHARES CORE S&P TOTAL U.S. STOCK EQU 464287150   15,928,094 169,106 SH   SOLE 11 169,106 0 0
AGREE REALTY CORP EQU 008492100   286,861 5,193 SH   SOLE 11 5,193 0 0
AVALONBAY CMNTYS INC EQU 053484101   2,922,500 17,017 SH   SOLE 11 17,017 0 0
DIGITAL REALTY TRUST INC EQU 253868103   5,313,746 43,908 SH   SOLE 11 43,908 0 0
ESSEX PROPERTY EQU 297178105   1,470,844 6,935 SH   SOLE 11 6,935 0 0
HIGHWOODS PROPERTIES EQU 431284108   366,549 17,785 SH   SOLE 11 17,785 0 0
ISHARES IBOXX $ HIGH YIELD CORPORA EQU 464288513   101,940,016 1,382,800 SH   SOLE 11 1,382,800 0 0
PARK HOTELS RESORTS INC EQU 700517105   534,084 43,351 SH   SOLE 11 43,351 0 0
SIMON PPTY GROUP INC EQU 828806109   4,870,641 45,086 SH   SOLE 11 45,086 0 0
WASHINGTON REAL ESTATE EQU 939653101   208,324 15,273 SH   SOLE 11 15,273 0 0
ALEXANDRIA REAL ESTATE EQU 015271109   662,362 6,617 SH   SOLE 11 6,617 0 0
REALTY INCOME CORP EQU 756109104   2,448,808 49,035 SH   SOLE 11 49,035 0 0
SUN COMMUNITIES EQU 866674104   3,206,541 27,096 SH   SOLE 11 27,096 0 0
ISHARES NATIONAL MUNI BOND ETF EQU 464288414   20,310,611 198,075 SH   SOLE 11 198,075 0 0
BOSTON PPTYS INC EQU 101121101   777,166 13,066 SH   SOLE 11 13,066 0 0
VORNADO RLTY TR EQU 929042109   333,623 14,710 SH   SOLE 11 14,710 0 0
NATIONAL RETAIL PROPERTIES EQU 637417106   279,716 7,915 SH   SOLE 11 7,915 0 0
ISHARES CORE S&P 500 ETF EQU 464287200   34,532,184 80,414 SH   SOLE 11 80,414 0 0
UDR INC EQU 902653104   1,293,073 36,251 SH   SOLE 11 36,251 0 0
VICI PPTYS INC EQU 925652109   3,023,868 103,913 SH   SOLE 11 103,913 0 0
ISHARES BROAD USD HIGH YIELD CORPO EQU 46435U853   42,623,880 1,228,000 SH   SOLE 11 1,228,000 0 0
NATIONAL STORAGE AFFILIATES TRUST EQU 637870106   1,112,170 35,040 SH   SOLE 11 35,040 0 0
SPDR PORTFOLIO SHORT TERM CORPORAT EQU 78464A474   35,783,741 1,220,455 SH   SOLE 11 1,220,455 0 0
HEALTHCARE REALTY TRUST INC CLASS EQU 42226K105   490,228 32,104 SH   SOLE 11 32,104 0 0
BRANDYWINE REALTY EQU 105368203   115,243 25,384 SH   SOLE 11 25,384 0 0
SAFEHOLD INC EQU 78646V107   1,254,170 70,459 SH   SOLE 11 70,459 0 0
BROADSTONE NET LEASE INC EQU 11135E203   1,419,590 99,272 SH   SOLE 11 99,272 0 0
EPR PROPERTIES EQU 26884U109   1,385,484 33,353 SH   SOLE 11 33,353 0 0
INVENTRUST PROPERTIES CORP EQU 46124J201   631,227 26,511 SH   SOLE 11 26,511 0 0
TERRENO REALTY CORP EQU 88146M101   1,273,229 22,416 SH   SOLE 11 22,416 0 0
AT&T INC EQU 00206R102   248,221 16,526 SH   SOLE 12 16,526 0 0
ABBVIE INC EQU 00287Y109   927,451 6,222 SH   SOLE 12 6,222 0 0
ACTIVISION BLIZZARD INC EQU 00507V109   252,988 2,702 SH   SOLE 12 2,702 0 0
ADOBE INC EQU 00724F101   891,815 1,749 SH   SOLE 12 1,749 0 0
ALPHABET INC CLASS C EQU 02079K107   2,574,635 19,527 SH   SOLE 12 19,527 0 0
ALPHABET INC CLASS A EQU 02079K305   2,767,166 21,146 SH   SOLE 12 21,146 0 0
ALTRIA GROUP INC. EQU 02209S103   254,445 6,051 SH   SOLE 12 6,051 0 0
AMERICAN TOWER CORP EQU 03027X100   279,072 1,697 SH   SOLE 12 1,697 0 0
BLACKROCK INC EQU 09247X101   333,589 516 SH   SOLE 12 516 0 0
BOOKING HOLDINGS INC EQU 09857L108   394,746 128 SH   SOLE 12 128 0 0
BROADCOM INC EQU 11135F101   1,220,122 1,469 SH   SOLE 12 1,469 0 0
CME GROUP INC. EQU 12572Q105   266,893 1,333 SH   SOLE 12 1,333 0 0
CISCO SYS INC EQU 17275R102   740,329 13,771 SH   SOLE 12 13,771 0 0
COMCAST CORP NEW CL A EQU 20030N101   676,540 15,258 SH   SOLE 12 15,258 0 0
CONOCOPHILLIPS EQU 20825C104   510,707 4,263 SH   SOLE 12 4,263 0 0
COSTCO WHS L CORP NEW COM EQU 22160K105   931,619 1,649 SH   SOLE 12 1,649 0 0
DELL TECHNOLOGIES WHEN ISSUED INC EQU 24703L202   253,552 3,680 SH   SOLE 12 3,680 0 0
DUKE ENERGY HLDG CORP EQU 26441C204   200,703 2,274 SH   SOLE 12 2,274 0 0
EQUINIX REIT INC EQU 29444U700   2,252,859 3,102 SH   SOLE 12 3,102 0 0
EQUITY RESIDENTIAL SH BEN IN T EQU 29476L107   2,119,666 36,104 SH   SOLE 12 36,104 0 0
EXTRA SPACE STORAGE INC EQU 30225T102   2,825,398 23,239 SH   SOLE 12 23,239 0 0
EXXON MOBIL CORP EQU 30231G102   1,667,167 14,179 SH   SOLE 12 14,179 0 0
FACEBOOK INC EQU 30303M102   2,344,940 7,811 SH   SOLE 12 7,811 0 0
FEDEX CORP EQU 31428X106   227,036 857 SH   SOLE 12 857 0 0
GAMING AND LEISURE PROPERTIES INC EQU 36467J108   1,484,657 32,594 SH   SOLE 12 32,594 0 0
GOLDMAN SA CHS GROUP INC EQU 38141G104   347,191 1,073 SH   SOLE 12 1,073 0 0
HCA Healthcare Inc EQU 40412C101   216,462 880 SH   SOLE 12 880 0 0
HESS CORP EQU 42809H107   222,768 1,456 SH   SOLE 12 1,456 0 0
HOST HOTELS & RESORTS INC EQU 44107P104   1,661,011 103,361 SH   SOLE 12 103,361 0 0
INTERCONTINENTALEXCHANGE GROUP INC EQU 45866F104   272,300 2,475 SH   SOLE 12 2,475 0 0
INTUITIVE SURGICAL INC EQU 46120E602   409,498 1,401 SH   SOLE 12 1,401 0 0
INVITATION HOMES INC EQU 46187W107   5,203,340 164,195 SH   SOLE 12 164,195 0 0
JP MORGAN CHASE & CO EQU 46625H100   1,484,715 10,238 SH   SOLE 12 10,238 0 0
MARATHON PETROLEUM CORP EQU 56585A102   300,864 1,988 SH   SOLE 12 1,988 0 0
MASTERCARD INC CLASS A EQU 57636Q104   1,187,334 2,999 SH   SOLE 12 2,999 0 0
MCKESSON CORP EQU 58155Q103   286,566 659 SH   SOLE 12 659 0 0
MERCK & CO. INC. EQU 58933Y105   883,723 8,584 SH   SOLE 12 8,584 0 0
MID AMERICA APT EQU 59522J103   2,295,888 17,846 SH   SOLE 12 17,846 0 0
NETFLIX INC EQU 64110L106   589,434 1,561 SH   SOLE 12 1,561 0 0
NEXTERA ENERGY INC EQU 65339F101   438,555 7,655 SH   SOLE 12 7,655 0 0
NVIDIA CORP EQU 67066G104   3,710,900 8,531 SH   SOLE 12 8,531 0 0
OREILLY AUTOMOTIVE INC EQU 67103H107   279,929 308 SH   SOLE 12 308 0 0
ORACLE CORP COM EQU 68389X105   603,108 5,694 SH   SOLE 12 5,694 0 0
PAYPAL HOLDINGS INC EQU 70450Y103   233,898 4,001 SH   SOLE 12 4,001 0 0
PROLOGIS INC EQU 74340W103   5,596,137 49,872 SH   SOLE 12 49,872 0 0
PUBLIC STORAGE EQU 74460D109   6,446,226 24,462 SH   SOLE 12 24,462 0 0
REGENERON PHARMACEUTICALS INC EQU 75886F107   305,318 371 SH   SOLE 12 371 0 0
S&P GLOBAL INC EQU 78409V104   498,054 1,363 SH   SOLE 12 1,363 0 0
SBA COMMUNICATIONS CORP CLASS A EQU 78410G104   2,399,238 11,986 SH   SOLE 12 11,986 0 0
SPDR S&P ETF TRUST EQU 78462F103   31,744,665 74,260 SH   SOLE 12 74,260 0 0
SPDR BLOOMBERG BARCLAYS HIGH YIELD EQU 78468R622   19,247,335 212,913 SH   SOLE 12 212,913 0 0
SABRA HEALTHCARE REIT INC EQU 78573L106   397,917 28,545 SH   SOLE 12 28,545 0 0
SALESFORCE.COM INC EQU 79466L302   734,266 3,621 SH   SOLE 12 3,621 0 0
SERVICENOW INC EQU 81762P102   363,324 650 SH   SOLE 12 650 0 0
TESLA INC EQU 88160R101   2,489,689 9,950 SH   SOLE 12 9,950 0 0
UBER TECHNOLOGIES INC EQU 90353T100   275,066 5,981 SH   SOLE 12 5,981 0 0
UNITEDHEALTH GROUP INC EQU 91324P102   1,708,196 3,388 SH   SOLE 12 3,388 0 0
VENTAS INC EQU 92276F100   1,761,371 41,808 SH   SOLE 12 41,808 0 0
VERIZON COMMUNICATIONS EQU 92343V104   374,595 11,558 SH   SOLE 12 11,558 0 0
VERTEX PHARMACEUTICALS EQU 92532F100   343,915 989 SH   SOLE 12 989 0 0
VISA INC EQU 92826C839   1,280,466 5,567 SH   SOLE 12 5,567 0 0
WASTE MGMT INC DEL EQU 94106L109   302,136 1,982 SH   SOLE 12 1,982 0 0
ZOETIS INC EQU 98978V103   370,751 2,131 SH   SOLE 12 2,131 0 0
ACCENTURE PLC EQU G1151C101   734,300 2,391 SH   SOLE 12 2,391 0 0
EATON CORP PLC EQU G29183103   360,870 1,692 SH   SOLE 12 1,692 0 0
MEDTRONIC PLC EQU G5960L103   301,137 3,843 SH   SOLE 12 3,843 0 0
CHUBB LTD EQU H1467J104   253,771 1,219 SH   SOLE 12 1,219 0 0
HEALTHPEAK PROPERTIES INC EQU 42250P103   5,337,784 290,729 SH   SOLE 12 290,729 0 0
FIRST INDUSTRIAL REALTY TRUST EQU 32054K103   6,151,769 129,266 SH   SOLE 12 129,266 0 0
RLJ LODGING TRUST EQU 74965L101   157,893 16,128 SH   SOLE 12 16,128 0 0
AMERICOLD REALTY TRUST EQU 03064D108   588,586 19,355 SH   SOLE 12 19,355 0 0
BRIXMOR PROPERTY GROUP INC EQU 11120U105   1,507,672 72,554 SH   SOLE 12 72,554 0 0
CORPORATE OFFICE PROPERTIES TRUST EQU 22002T108   414,523 17,395 SH   SOLE 12 17,395 0 0
RETAIL OPPORTUNITY INVESTMEN EQU 76131N101   770,965 62,275 SH   SOLE 12 62,275 0 0
BLACKSTONE INC EQU 09260D107   302,456 2,823 SH   SOLE 12 2,823 0 0
ISHARES -10 YR INVESTMENT GRADE CO EQU 464288638   49,680,845 1,021,189 SH   SOLE 12 1,021,189 0 0
ISHARES -5 YEAR INVESTMENT GRADE C EQU 464288646   107,745,615 2,162,264 SH   SOLE 12 2,162,264 0 0
ABBOTT LABS EQU 002824100   641,922 6,628 SH   SOLE 12 6,628 0 0
ADVANCED MICRO DEVICES INC EQU 007903107   588,336 5,722 SH   SOLE 12 5,722 0 0
AGREE REALTY CORP EQU 008492100   369,003 6,680 SH   SOLE 12 6,680 0 0
AMAZON COM INC EQU 023135106   4,022,204 31,641 SH   SOLE 12 31,641 0 0
AMERICAN EXPRESS CO EQU 025816109   363,576 2,437 SH   SOLE 12 2,437 0 0
AMGEN INC EQU 031162100   487,531 1,814 SH   SOLE 12 1,814 0 0
ANTHEM INC EQU 036752103   400,151 919 SH   SOLE 12 919 0 0
APPLE INC. EQU 037833100   9,505,066 55,517 SH   SOLE 12 55,517 0 0
APPLIED MATERIALS INC EQU 038222105   484,437 3,499 SH   SOLE 12 3,499 0 0
AUTOMATIC DATA PROCESSING INC COM EQU 053015103   382,041 1,588 SH   SOLE 12 1,588 0 0
AVALONBAY CMNTYS INC EQU 053484101   4,011,846 23,360 SH   SOLE 12 23,360 0 0
BANK AMER CORP COM EQU 060505104   638,228 23,310 SH   SOLE 12 23,310 0 0
BECTON DICKINSON EQU 075887109   263,959 1,021 SH   SOLE 12 1,021 0 0
BERKSHIRE HATHAWAY INC - CL B EQU 084670702   1,560,587 4,455 SH   SOLE 12 4,455 0 0
BOEING CO EQU 097023105   356,525 1,860 SH   SOLE 12 1,860 0 0
BOSTON SCI ENTIFIC CORP COM EQU 101137107   304,814 5,773 SH   SOLE 12 5,773 0 0
BRISTOL MYERS SQUIBB CO EQU 110122108   381,729 6,577 SH   SOLE 12 6,577 0 0
CATERPILLAR INC EQU 149123101   500,136 1,832 SH   SOLE 12 1,832 0 0
CHARLES SCHWAB EQU 808513105   266,485 4,854 SH   SOLE 12 4,854 0 0
CHEVRON CORP EQU 166764100   1,056,742 6,267 SH   SOLE 12 6,267 0 0
CIGNA CORPORATION EQU 125523100   291,791 1,020 SH   SOLE 12 1,020 0 0
CITIGROUP INC EQU 172967424   229,300 5,575 SH   SOLE 12 5,575 0 0
COCA COLA CO. EQU 191216100   765,582 13,676 SH   SOLE 12 13,676 0 0
CSX CORP EQU 126408103   287,882 9,362 SH   SOLE 12 9,362 0 0
CVS HEALTH CORPORATION EQU 126650100   259,311 3,714 SH   SOLE 12 3,714 0 0
DANAHER CO RP COM EQU 235851102   656,473 2,646 SH   SOLE 12 2,646 0 0
DEERE & CO. EQU 244199105   397,004 1,052 SH   SOLE 12 1,052 0 0
DIGITAL REALTY TRUST INC EQU 253868103   7,109,683 58,748 SH   SOLE 12 58,748 0 0
DISNEY WALT CO EQU 254687106   442,695 5,462 SH   SOLE 12 5,462 0 0
ELI LILLY & CO EQU 532457108   1,560,363 2,905 SH   SOLE 12 2,905 0 0
EMERSON ELEC CO EQU 291011104   208,688 2,161 SH   SOLE 12 2,161 0 0
ESSEX PROPERTY EQU 297178105   2,006,583 9,461 SH   SOLE 12 9,461 0 0
FISERV INC COM EQU 337738108   234,392 2,075 SH   SOLE 12 2,075 0 0
FORD MTR C O DEL COM PAR USD0.01 EQU 345370860   200,248 16,123 SH   SOLE 12 16,123 0 0
GENERAL DYNAMICS CORP EQU 369550108   221,191 1,001 SH   SOLE 12 1,001 0 0
GILEAD SCIENCES INC EQU 375558103   290,692 3,879 SH   SOLE 12 3,879 0 0
HIGHWOODS PROPERTIES EQU 431284108   496,062 24,069 SH   SOLE 12 24,069 0 0
HOME DEPOT INC EQU 437076102   1,075,387 3,559 SH   SOLE 12 3,559 0 0
HONEYWELL INTERNATIONAL INC EQU 438516106   450,211 2,437 SH   SOLE 12 2,437 0 0
HUMANA INC COM EQU 444859102   234,016 481 SH   SOLE 12 481 0 0
ILLINOIS TOOL WKS INC EQU 452308109   333,719 1,449 SH   SOLE 12 1,449 0 0
INTEL CORP EQU 458140100   505,983 14,233 SH   SOLE 12 14,233 0 0
INTERNATIONAL BUSINESS MACHINES CORP EQU 459200101   411,781 2,935 SH   SOLE 12 2,935 0 0
INTUIT INC. EQU 461202103   530,867 1,039 SH   SOLE 12 1,039 0 0
ISHARES IBOXX $ HIGH YIELD CORPORA EQU 464288513   11,367,698 154,201 SH   SOLE 12 154,201 0 0
JOHNSON & JOHNSON EQU 478160104   1,357,050 8,713 SH   SOLE 12 8,713 0 0
LAM RESEARCH CORP. EQU 512807108   329,681 526 SH   SOLE 12 526 0 0
LOCKHEED MARTIN CORP EQU 539830109   343,935 841 SH   SOLE 12 841 0 0
LOWES COS INC USD0.50 EQU 548661107   488,424 2,350 SH   SOLE 12 2,350 0 0
MARRIOTT I NTL INC NEW CL A EQU 571903202   209,336 1,065 SH   SOLE 12 1,065 0 0
MARSH MCLENNAN COS INC EQU 571748102   424,369 2,230 SH   SOLE 12 2,230 0 0
MCDONALDS CORP EQU 580135101   659,917 2,505 SH   SOLE 12 2,505 0 0
MICROSOFT CORP EQU 594918104   7,843,546 24,841 SH   SOLE 12 24,841 0 0
MONDELEZ INTERNATIONAL INC EQU 609207105   347,069 5,001 SH   SOLE 12 5,001 0 0
MOODYS CORP EQU 615369105   261,473 827 SH   SOLE 12 827 0 0
MORGAN STANLEY EQU 617446448   407,207 4,986 SH   SOLE 12 4,986 0 0
NIKE INC CL B EQU 654106103   408,393 4,271 SH   SOLE 12 4,271 0 0
NORFOLK SOUTHERN CORP EQU 655844108   212,094 1,077 SH   SOLE 12 1,077 0 0
NORTHROP GRUMMAN CORP EQU 666807102   238,143 541 SH   SOLE 12 541 0 0
OCCIDENTAL PETROLEUM CORP EQU 674599105   211,055 3,253 SH   SOLE 12 3,253 0 0
PARK HOTELS RESORTS INC EQU 700517105   687,727 55,822 SH   SOLE 12 55,822 0 0
PEPSICO INC. EQU 713448108   851,944 5,028 SH   SOLE 12 5,028 0 0
PFIZER INC EQU 717081103   645,322 19,455 SH   SOLE 12 19,455 0 0
PHILIP MORRIS INTL. EQU 718172109   481,879 5,205 SH   SOLE 12 5,205 0 0
PIONEER NA T RES CO COM EQU 723787107   243,093 1,059 SH   SOLE 12 1,059 0 0
PROCTER & GAMBLE CO EQU 742718109   1,134,645 7,779 SH   SOLE 12 7,779 0 0
PROGRESSIVE CORP EQU 743315103   335,295 2,407 SH   SOLE 12 2,407 0 0
QUALCOMM INC EQU 747525103   429,136 3,864 SH   SOLE 12 3,864 0 0
SCHLUMBERGER LTD EQU 806857108   307,183 5,269 SH   SOLE 12 5,269 0 0
SHERWIN WILLIAMS CO EQU 824348106   280,045 1,098 SH   SOLE 12 1,098 0 0
SIMON PPTY GROUP INC EQU 828806109   6,672,689 61,767 SH   SOLE 12 61,767 0 0
SOUTHERN CO EQU 842587107   213,123 3,293 SH   SOLE 12 3,293 0 0
STARBUCKS CORP EQU 855244109   346,643 3,798 SH   SOLE 12 3,798 0 0
STRYKER CORP EQU 863667101   351,698 1,287 SH   SOLE 12 1,287 0 0
TEXAS INST RS INC COM EQU 882508104   475,599 2,991 SH   SOLE 12 2,991 0 0
THERMO FIS HER SCIENTIFIC INC COM EQU 883556102   758,749 1,499 SH   SOLE 12 1,499 0 0
UNION PACIFIC CORP EQU 907818108   460,815 2,263 SH   SOLE 12 2,263 0 0
UNITED PARCEL SERVICE INC CLASS B EQU 911312106   386,558 2,480 SH   SOLE 12 2,480 0 0
WALMART INC EQU 931142103   845,070 5,284 SH   SOLE 12 5,284 0 0
WASHINGTON REAL ESTATE EQU 939653101   269,595 19,765 SH   SOLE 12 19,765 0 0
WELLS FARGO CO EQU 949746101   528,483 12,934 SH   SOLE 12 12,934 0 0
ALEXANDRIA REAL ESTATE EQU 015271109   918,017 9,171 SH   SOLE 12 9,171 0 0
REALTY INCOME CORP EQU 756109104   3,247,299 65,024 SH   SOLE 12 65,024 0 0
SUN COMMUNITIES EQU 866674104   4,245,448 35,875 SH   SOLE 12 35,875 0 0
ISHARES NATIONAL MUNI BOND ETF EQU 464288414   303,747,167 2,962,231 SH   SOLE 12 2,962,231 0 0
AFLAC INC. EQU 001055102   202,620 2,640 SH   SOLE 12 2,640 0 0
AIR PRODUCTS & CHEM EQU 009158106   230,688 814 SH   SOLE 12 814 0 0
AMERICAN INTL GROUP INC EQU 026874784   212,585 3,508 SH   SOLE 12 3,508 0 0
AMPHENOL CORP. EQU 032095101   316,474 3,768 SH   SOLE 12 3,768 0 0
ANALOG DEVICES INC EQU 032654105   323,391 1,847 SH   SOLE 12 1,847 0 0
AUTOZONE INC EQU 053332102   220,979 87 SH   SOLE 12 87 0 0
BOSTON PPTYS INC EQU 101121101   1,088,425 18,299 SH   SOLE 12 18,299 0 0
KLA CORP EQU 482480100   240,797 525 SH   SOLE 12 525 0 0
MICRON TEC HNOLOGY INC COM EQU 595112103   299,604 4,404 SH   SOLE 12 4,404 0 0
PALO ALTO NETWORKS INC EQU 697435105   282,500 1,205 SH   SOLE 12 1,205 0 0
ROPER TECHNOLOGIES INC EQU 776696106   232,939 481 SH   SOLE 12 481 0 0
SYNOPSYS INC EQU 871607107   205,160 447 SH   SOLE 12 447 0 0
T-MOBILE US INC EQU 872590104   328,137 2,343 SH   SOLE 12 2,343 0 0
TJX COMPANIES INC EQU 872540109   342,010 3,848 SH   SOLE 12 3,848 0 0
VORNADO RLTY TR EQU 929042109   410,213 18,087 SH   SOLE 12 18,087 0 0
NATIONAL RETAIL PROPERTIES EQU 637417106   387,150 10,955 SH   SOLE 12 10,955 0 0
ISHARES CORE S&P 500 ETF EQU 464287200   40,366,420 94,000 SH   SOLE 12 94,000 0 0
UDR INC EQU 902653104   1,730,031 48,501 SH   SOLE 12 48,501 0 0
VICI PPTYS INC EQU 925652109   4,285,208 147,258 SH   SOLE 12 147,258 0 0
AON PLC CLASS A EQU G0403H108   311,251 960 SH   SOLE 12 960 0 0
CARRIER GLOBAL CORP EQU 14448C104   248,069 4,494 SH   SOLE 12 4,494 0 0
RAYTHEON TECHNOLOGIES CORP EQU 75513E101   366,543 5,093 SH   SOLE 12 5,093 0 0
ISHARES BROAD USD HIGH YIELD CORPO EQU 46435U853   17,355,000 500,000 SH   SOLE 12 500,000 0 0
GENERAL ELECTRIC EQU 369604301   363,599 3,289 SH   SOLE 12 3,289 0 0
ISHARES US ENERGY ETF EQU 464287796   1,961,942 41,365 SH   SOLE 12 41,365 0 0
NATIONAL STORAGE AFFILIATES TRUST EQU 637870106   1,508,793 47,536 SH   SOLE 12 47,536 0 0
SPDR PORTFOLIO SHORT TERM CORPORAT EQU 78464A474   24,989,436 852,300 SH   SOLE 12 852,300 0 0
HEALTHCARE REALTY TRUST INC CLASS EQU 42226K105   673,346 44,096 SH   SOLE 12 44,096 0 0
ISHARES YEAR INVESTMENT GRADE CO EQU 464289511   1,686,386 35,774 SH   SOLE 12 35,774 0 0
BRANDYWINE REALTY EQU 105368203   149,507 32,931 SH   SOLE 12 32,931 0 0
SAFEHOLD INC EQU 78646V107   1,642,922 92,299 SH   SOLE 12 92,299 0 0
LINDE PLC EQU G54950103   602,462 1,618 SH   SOLE 12 1,618 0 0
ISHARES MBS ETF EQU 464288588   8,094,564 91,155 SH   SOLE 12 91,155 0 0
BROADSTONE NET LEASE INC EQU 11135E203   1,927,683 134,803 SH   SOLE 12 134,803 0 0
EPR PROPERTIES EQU 26884U109   1,877,650 45,201 SH   SOLE 12 45,201 0 0
INVENTRUST PROPERTIES CORP EQU 46124J201   851,874 35,778 SH   SOLE 12 35,778 0 0
ISHARES IBOXX INV GR CORP BD ETF EQU 464287242   25,886,555 253,740 SH   SOLE 12 253,740 0 0
ISHARES MSCI USA QUALITY FACTOR ET EQU 46432F339   1,996,882 15,152 SH   SOLE 12 15,152 0 0
ISHARES -5 YEAR HIGH YIELD CORPORA EQU 46434V407   6,549,291 159,622 SH   SOLE 12 159,622 0 0
TERRENO REALTY CORP EQU 88146M101   1,623,685 28,586 SH   SOLE 12 28,586 0 0