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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Alexandria Real Estate Equities Inc COMMON STOCK 015271109 3,361 16,700 SH   SOLE 0 0 0 16,700
American Campus Communities Inc COMMON STOCK 024835100 1,679 30,000 SH   SOLE 0 0 0 30,000
American Homes 4 Rent COMMON STOCK 02665T306 2,562 64,000 SH   SOLE 0 0 0 64,000
Apartment Income REIT Corp COMMON STOCK 03750L109 2,321 43,422 SH   SOLE 0 0 0 43,422
Apartment Investment and Management Co COMMON STOCK 03748R747 404 55,222 SH   SOLE 0 0 0 55,222
Apple Hospitality REIT Inc COMMON STOCK 03784Y200 899 50,000 SH   SOLE 0 0 0 50,000
AvalonBay Communities Inc COMMON STOCK 053484101 6,140 24,720 SH   SOLE 0 0 0 24,720
Boston Properties Inc COMMON STOCK 101121101 1,986 15,417 SH   SOLE 0 0 0 15,417
Brandywine Realty Trust COMMON STOCK 105368203 2,424 171,400 SH   SOLE 0 0 0 171,400
Brixmor Property Group Inc COMMON STOCK 11120U105 3,123 121,000 SH   SOLE 0 0 0 121,000
Camden Property Trust COMMON STOCK 133131102 2,923 17,586 SH   SOLE 0 0 0 17,586
Centerspace COMMON STOCK 15202L107 1,225 12,480 SH   SOLE 0 0 0 12,480
Chatham Lodging Trust COMMON STOCK 16208T102 496 36,000 SH   SOLE 0 0 0 36,000
Corporate Office Properties Trust COMMON STOCK 22002T108 1,341 47,000 SH   SOLE 0 0 0 47,000
Cousins Properties Inc COMMON STOCK 222795502 2,618 64,977 SH   SOLE 0 0 0 64,977
CubeSmart COMMON STOCK 229663109 3,200 61,500 SH   SOLE 0 0 0 61,500
Digital Realty Trust Inc COMMON STOCK 253868103 6,341 44,719 SH   SOLE 0 0 0 44,719
DigitalBridge Group Inc COMMON STOCK 25401T108 698 96,932 SH   SOLE 0 0 0 96,932
Diversified Healthcare Trust COMMON STOCK 25525P107 1,277 399,100 SH   SOLE 0 0 0 399,100
Douglas Emmett Inc COMMON STOCK 25960P109 201 6,000 SH   SOLE 0 0 0 6,000
Duke Realty Corp COMMON STOCK 264411505 2,817 48,524 SH   SOLE 0 0 0 48,524
EPR Properties COMMON STOCK 26884U109 808 14,762 SH   SOLE 0 0 0 14,762
Empire State Realty Trust Inc COMMON STOCK 292104106 530 54,000 SH   SOLE 0 0 0 54,000
Equinix Inc COMMON STOCK 29444U700 6,203 8,364 SH   SOLE 0 0 0 8,364
Equity Residential COMMON STOCK 29476L107 5,310 59,056 SH   SOLE 0 0 0 59,056
Essential Properties Realty Trust Inc COMMON STOCK 29670E107 607 24,000 SH   SOLE 0 0 0 24,000
Essex Property Trust Inc COMMON STOCK 297178105 4,472 12,945 SH   SOLE 0 0 0 12,945
Four Corners Property Trust Inc COMMON STOCK 35086T109 1,622 60,000 SH   SOLE 0 0 0 60,000
Gaming and Leisure Properties Inc COMMON STOCK 36467J108 2,927 62,372 SH   SOLE 0 0 0 62,372
Global Medical REIT Inc COMMON STOCK 37954A204 669 41,000 SH   SOLE 0 0 0 41,000
Global Net Lease Inc COMMON STOCK 379378201 2,312 146,976 SH   SOLE 0 0 0 146,976
Healthcare Realty Trust Inc COMMON STOCK 421946104 1,037 37,719 SH   SOLE 0 0 0 37,719
Healthcare Trust of America Inc COMMON STOCK 42225P501 2,006 64,000 SH   SOLE 0 0 0 64,000
Healthpeak Properties Inc COMMON STOCK 42250P103 3,488 101,593 SH   SOLE 0 0 0 101,593
Hersha Hospitality Trust COMMON STOCK 427825500 363 40,000 SH   SOLE 0 0 0 40,000
Highwoods Properties Inc COMMON STOCK 431284108 1,821 39,802 SH   SOLE 0 0 0 39,802
Host Hotels and Resorts Inc COMMON STOCK 44107P104 3,089 158,998 SH   SOLE 0 0 0 158,998
Hudson Pacific Properties Inc COMMON STOCK 444097109 1,707 61,500 SH   SOLE 0 0 0 61,500
Independence Realty Trust Inc COMMON STOCK 45378A106 1,692 64,000 SH   SOLE 0 0 0 64,000
Industrial Logistics Properties Trust COMMON STOCK 456237106 2,911 128,415 SH   SOLE 0 0 0 128,415
Innovative Industrial Properties Inc COMMON STOCK 45781V101 760 3,700 SH   SOLE 0 0 0 3,700
Invitation Homes Inc COMMON STOCK 46187W107 4,834 120,310 SH   SOLE 0 0 0 120,310
Iron Mountain Inc COMMON STOCK 46284V101 4,405 79,500 SH   SOLE 0 0 0 79,500
KENNEDY-WILSON HOLDINGS INC COMMON STOCK 489398107 636 26,081 SH   SOLE 0 0 0 26,081
Kilroy Realty Corp COMMON STOCK 49427F108 688 9,000 SH   SOLE 0 0 0 9,000
Kimco Realty Corp COMMON STOCK 49446R109 265 10,731 SH   SOLE 0 0 0 10,731
Kite Realty Group Trust COMMON STOCK 49803T300 1,116 49,000 SH   SOLE 0 0 0 49,000
LXP Industrial Trust COMMON STOCK 529043101 3,093 197,000 SH   SOLE 0 0 0 197,000
Life Storage Inc COMMON STOCK 53223X107 3,462 24,650 SH   SOLE 0 0 0 24,650
Macerich Co/The COMMON STOCK 554382101 387 24,720 SH   SOLE 0 0 0 24,720
Medical Properties Trust Inc COMMON STOCK 58463J304 3,890 184,000 SH   SOLE 0 0 0 184,000
Mid-America Apartment Communities Inc COMMON STOCK 59522J103 4,093 19,540 SH   SOLE 0 0 0 19,540
National Health Investors Inc COMMON STOCK 63633D104 2,024 34,300 SH   SOLE 0 0 0 34,300
Office Properties Income Trust COMMON STOCK 67623C109 867 33,708 SH   SOLE 0 0 0 33,708
Omega Healthcare Investors Inc COMMON STOCK 681936100 2,773 89,000 SH   SOLE 0 0 0 89,000
Park Hotels and Resorts Inc COMMON STOCK 700517105 411 21,038 SH   SOLE 0 0 0 21,038
Pebblebrook Hotel Trust COMMON STOCK 70509V100 218 8,911 SH   SOLE 0 0 0 8,911
Physicians Realty Trust COMMON STOCK 71943U104 1,631 93,000 SH   SOLE 0 0 0 93,000
Plymouth Industrial REIT Inc COMMON STOCK 729640102 2,656 98,000 SH   SOLE 0 0 0 98,000
Preferred Apartment Communities Inc COMMON STOCK 74039L103 1,856 74,437 SH   SOLE 0 0 0 74,437
Prologis Inc COMMON STOCK 74340W103 19,039 117,904 SH   SOLE 0 0 0 117,904
Public Storage COMMON STOCK 74460D109 8,699 22,289 SH   SOLE 0 0 0 22,289
RLJ Lodging Trust COMMON STOCK 74965L101 1,073 76,200 SH   SOLE 0 0 0 76,200
Realty Income Corp COMMON STOCK 756109104 5,359 77,335 SH   SOLE 0 0 0 77,335
SL Green Realty Corp COMMON STOCK 78440X887 1,593 19,618 SH   SOLE 0 0 0 19,618
STAG Industrial Inc COMMON STOCK 85254J102 3,014 72,880 SH   SOLE 0 0 0 72,880
STORE Capital Corp COMMON STOCK 862121100 1,783 61,000 SH   SOLE 0 0 0 61,000
Sabra Health Care REIT Inc COMMON STOCK 78573L106 2,125 142,730 SH   SOLE 0 0 0 142,730
Service Properties Trust COMMON STOCK 81761L102 754 85,434 SH   SOLE 0 0 0 85,434
Simon Property Group Inc COMMON STOCK 828806109 6,855 52,108 SH   SOLE 0 0 0 52,108
Spirit Realty Capital Inc COMMON STOCK 84860W300 2,835 61,600 SH   SOLE 0 0 0 61,600
Summit Hotel Properties Inc COMMON STOCK 866082100 687 69,000 SH   SOLE 0 0 0 69,000
Tanger Factory Outlet Centers Inc COMMON STOCK 875465106 653 38,000 SH   SOLE 0 0 0 38,000
UDR Inc COMMON STOCK 902653104 3,219 56,105 SH   SOLE 0 0 0 56,105
UMH Properties Inc COMMON STOCK 903002103 1,399 56,900 SH   SOLE 0 0 0 56,900
VICI Properties Inc COMMON STOCK 925652109 2,277 80,000 SH   SOLE 0 0 0 80,000
Ventas Inc COMMON STOCK 92276F100 5,168 83,679 SH   SOLE 0 0 0 83,679
Vornado Realty Trust COMMON STOCK 929042109 1,258 27,765 SH   SOLE 0 0 0 27,765
WP Carey Inc COMMON STOCK 92936U109 3,783 46,800 SH   SOLE 0 0 0 46,800
Washington Real Estate Investment Trust COMMON STOCK 939653101 490 19,199 SH   SOLE 0 0 0 19,199
Welltower Inc COMMON STOCK 95040Q104 5,937 61,753 SH   SOLE 0 0 0 61,753