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
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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   2,172,112 35,068 SH   SOLE   35,068 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109   1,359,776 11,625 SH   SOLE   11,625 0 0
AMERICAN HOMES 4 RENT CL A 02665T306   1,040,480 28,000 SH   SOLE   28,000 0 0
AMERICAN TOWER CORP NEW COM 03027X100   3,486,205 17,935 SH   SOLE   17,935 0 0
AMERICAN WTR WKS CO INC NEW COM 030420103   716,192 5,545 SH   SOLE   5,545 0 0
AVALONBAY CMNTYS INC COM 053484101   2,482,887 12,001 SH   SOLE   12,001 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203   1,086,252 242,467 SH   SOLE   242,467 0 0
BRIXMOR PPTY GROUP INC COM 11120U105   38,052,505 1,648,008 SH   SOLE   1,648,008 0 0
CAMDEN PPTY TR SH BEN INT 133131102   2,175,653 19,940 SH   SOLE   19,940 0 0
CHENIERE ENERGY INC COM NEW 16411R208   480,783 2,750 SH   SOLE   2,750 0 0
CONSOLIDATED EDISON INC COM 209115104   867,374 9,700 SH   SOLE   9,700 0 0
COPT DEFENSE PROPERTIES SHS BEN INT 22002T108   1,492,038 59,610 SH   SOLE   59,610 0 0
CREATIVE MEDIA & CMNTY TR COM NEW 125525584   147,950 55,000 SH   SOLE   55,000 0 0
CROWN CASTLE INC COM 22822V101   2,100,062 21,495 SH   SOLE   21,495 0 0
CUBESMART COM 229663109   465,251 10,300 SH   SOLE   10,300 0 0
DIGITAL RLTY TR INC COM 253868103   2,681,554 17,636 SH   SOLE   17,636 0 0
EASTERLY GOVT PPTYS INC COM 27616P103   169,815 13,728 SH   SOLE   13,728 0 0
EDISON INTL COM 281020107   628,338 8,750 SH   SOLE   8,750 0 0
EQUINIX INC COM 29444U700   42,449,043 56,105 SH   SOLE   56,105 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107   24,807,425 357,765 SH   SOLE   357,765 0 0
EVERSOURCE ENERGY COM 30040W108   784,299 13,830 SH   SOLE   13,830 0 0
EXTRA SPACE STORAGE INC COM 30225T102   2,333,341 14,881 SH   SOLE   14,881 0 0
FARMLAND PARTNERS INC COM 31154R109   115,300 10,000 SH   SOLE   10,000 0 0
FIRST INDL RLTY TR INC COM 32054K103   24,498,353 513,700 SH   SOLE   513,700 0 0
GAMING & LEISURE PPTYS INC COM 36467J108   31,737,104 701,993 SH   SOLE   701,993 0 0
HEALTHCARE RLTY TR CL A COM 42226K105   1,961,087 118,998 SH   SOLE   118,998 0 0
HEALTHPEAK PROPERTIES INC COM 42250P103   21,463,509 1,095,077 SH   SOLE   1,095,077 0 0
HIGHWOODS PPTYS INC COM 431284108   1,366,986 52,036 SH   SOLE   52,036 0 0
HUDSON PAC PPTYS INC COM 444097109   12,971,680 2,696,815 SH   SOLE   2,696,815 0 0
INVITATION HOMES INC COM 46187W107   19,473,914 542,600 SH   SOLE   542,600 0 0
KINDER MORGAN INC DEL COM 49456B101   914,020 46,000 SH   SOLE   46,000 0 0
KITE RLTY GROUP TR COM NEW 49803T300   2,397,569 107,130 SH   SOLE   107,130 0 0
NATIONAL STORAGE AFFILIATES COM SHS BEN IN 637870106   309,150 7,500 SH   SOLE   7,500 0 0
ONEOK INC NEW COM 682680103   746,183 9,150 SH   SOLE   9,150 0 0
PARAMOUNT GROUP INC COM 69924R108   5,882,628 1,270,546 SH   SOLE   1,270,546 0 0
PIEDMONT OFFICE REALTY TR IN COM CL A 720190206   311,344 42,944 SH   SOLE   42,944 0 0
PROLOGIS INC. COM 74340W103   33,062,492 294,386 SH   SOLE   294,386 0 0
PUBLIC STORAGE OPER CO COM 74460D109   29,585,378 102,852 SH   SOLE   102,852 0 0
REALTY INCOME CORP COM 756109104   18,576,952 351,703 SH   SOLE   351,703 0 0
REGENCY CTRS CORP COM 758849103   2,822,636 45,380 SH   SOLE   45,380 0 0
REXFORD INDL RLTY INC COM 76169C100   18,794,239 421,490 SH   SOLE   421,490 0 0
SABRA HEALTH CARE REIT INC COM 78573L106   18,603,539 1,208,022 SH   SOLE   1,208,022 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104   18,480,467 94,144 SH   SOLE   94,144 0 0
SEMPRA COM 816851109   422,133 5,550 SH   SOLE   5,550 0 0
SIMON PPTY GROUP INC NEW COM 828806109   3,981,259 26,227 SH   SOLE   26,227 0 0
SUN CMNTYS INC COM 866674104   15,932,896 132,399 SH   SOLE   132,399 0 0
UDR INC COM 902653104   21,209,739 515,425 SH   SOLE   515,425 0 0
VENTAS INC COM 92276F100   6,400,324 124,860 SH   SOLE   124,860 0 0
VICI PPTYS INC COM 925652109   2,083,617 72,752 SH   SOLE   72,752 0 0
WELLTOWER INC COM 95040Q104   1,244,432 11,937 SH   SOLE   11,937 0 0
WILLIAMS COS INC COM 969457100   586,500 13,800 SH   SOLE   13,800 0 0
WP CAREY INC COM 92936U109   1,717,560 31,200 SH   SOLE   31,200 0 0