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
3M CO COMMON STOCK 88579Y101 2,915 15,300 SH   SOLE 0 0 0 15,300
A SITE CENTER REIT COMMON STOCK 23317H854 410 37,000 SH   SOLE 0 0 0 37,000
AFLAC INC COMMON STOCK 001055102 2,091 45,900 SH   SOLE 0 0 0 45,900
AGNC INVESTMENT CORP COMMON STOCK 00123Q104 1,701 97,000 SH   SOLE 0 0 0 97,000
ALEXANDRIA REAL ESTATE EQUIT COMMON STOCK 015271109 985 8,550 SH   SOLE 0 0 0 8,550
ALLEGHANY CORP COMMON STOCK 017175100 1,558 2,500 SH   SOLE 0 0 0 2,500
ALLSTATE CORP COMMON STOCK 020002101 1,826 22,100 SH   SOLE 0 0 0 22,100
ALTRIA GROUP INC COMMON STOCK 02209S103 2,302 46,600 SH   SOLE 0 0 0 46,600
AMERICAN CAMPUS COMMUNITIES COMMON STOCK 024835100 1,035 25,000 SH   SOLE 0 0 0 25,000
AMERICAN HOMES 4 RENT- A COMMON STOCK 02665T306 496 25,000 SH   SOLE 0 0 0 25,000
AMERIPRISE FINANCIAL INC COMMON STOCK 03076C106 1,388 13,300 SH   SOLE 0 0 0 13,300
AMGEN INC COMMON STOCK 031162100 2,823 14,500 SH   SOLE 0 0 0 14,500
AMPHENOL CORP-CL A COMMON STOCK 032095101 1,499 18,500 SH   SOLE 0 0 0 18,500
APARTMENT INVT and MGMT CO -A COMMON STOCK 03748R101 1,075 24,500 SH   SOLE 0 0 0 24,500
APPLE HOSPITALITY REIT INC COMMON STOCK 03784Y200 185 13,000 SH   SOLE 0 0 0 13,000
APPLE INC COMMON STOCK 037833100 7,209 45,700 SH   SOLE 0 0 0 45,700
ARCHER-DANIELS-MIDLAND CO COMMON STOCK 039483102 1,413 34,500 SH   SOLE 0 0 0 34,500
ARMADA HOFFLER PROPERTIES IN COMMON STOCK 04208T108 367 26,101 SH   SOLE 0 0 0 26,101
AUTOMATIC DATA PROCESSING COMMON STOCK 053015103 2,688 20,500 SH   SOLE 0 0 0 20,500
AUTOZONE INC COMMON STOCK 053332102 2,431 2,900 SH   SOLE 0 0 0 2,900
AVALONBAY COMMUNITIES INC COMMON STOCK 053484101 2,141 12,302 SH   SOLE 0 0 0 12,302
AVERY DENNISON CORP COMMON STOCK 053611109 1,608 17,900 SH   SOLE 0 0 0 17,900
BEST BUY CO INC COMMON STOCK 086516101 1,266 23,900 SH   SOLE 0 0 0 23,900
BIOGEN INC COMMON STOCK 09062X103 2,137 7,100 SH   SOLE 0 0 0 7,100
BOOKING HOLDINGS INC COMMON STOCK 741503403 2,239 1,300 SH   SOLE 0 0 0 1,300
BOSTON PROPERTIES INC COMMON STOCK 101121101 654 5,814 SH   SOLE 0 0 0 5,814
BRANDYWINE REALTY TRUST COMMON STOCK 105368203 920 71,500 SH   SOLE 0 0 0 71,500
BRISTOL-MYERS SQUIBB CO COMMON STOCK 110122108 2,443 47,000 SH   SOLE 0 0 0 47,000
BRIXMOR PROPERTY GROUP INC COMMON STOCK 11120U105 613 41,711 SH   SOLE 0 0 0 41,711
BROADRIDGE FINANCIAL SOLUTIO COMMON STOCK 11133T103 1,030 10,700 SH   SOLE 0 0 0 10,700
BROOKFIELD PROPERTY PARTNERS COMMON STOCK 000000000 176 10,904 SH   SOLE 0 0 0 10,904
CAMDEN PROPERTY TRUST COMMON STOCK 133131102 1,253 14,231 SH   SOLE 0 0 0 14,231
CBL and ASSOCIATES PROPERTIES COMMON STOCK 124830100 61 32,000 SH   SOLE 0 0 0 32,000
CBS CORP-CLASS B NON VOTING COMMON STOCK 124857202 1,399 32,000 SH   SOLE 0 0 0 32,000
CDK GLOBAL INC COMMON STOCK 12508E101 1,398 29,200 SH   SOLE 0 0 0 29,200
CDW CORP/DE COMMON STOCK 12514G108 1,540 19,000 SH   SOLE 0 0 0 19,000
CELGENE CORP COMMON STOCK 151020104 1,730 27,000 SH   SOLE 0 0 0 27,000
CENTERPOINT ENERGY INC COMMON STOCK 15189T107 1,750 62,000 SH   SOLE 0 0 0 62,000
CHATHAM LODGING TRUST COMMON STOCK 16208T102 389 22,000 SH   SOLE 0 0 0 22,000
CHESAPEAKE LODGING TRUST COMMON STOCK 165240102 353 14,500 SH   SOLE 0 0 0 14,500
CIGNA ORD COMMON STOCK 125509109 2,317 12,200 SH   SOLE 0 0 0 12,200
CINTAS CORP COMMON STOCK 172908105 1,462 8,700 SH   SOLE 0 0 0 8,700
CISCO SYSTEMS INC COMMON STOCK 17275R102 4,203 97,000 SH   SOLE 0 0 0 97,000
CITRIX SYSTEMS INC COMMON STOCK 177376100 1,639 16,000 SH   SOLE 0 0 0 16,000
COGNIZANT TECH SOLUTIONS-A COMMON STOCK 192446102 1,720 27,100 SH   SOLE 0 0 0 27,100
COLUMBIA PROPERTY TRUST INC COMMON STOCK 198287203 677 35,000 SH   SOLE 0 0 0 35,000
CORPORATE OFFICE PROPERTIES COMMON STOCK 22002T108 852 40,500 SH   SOLE 0 0 0 40,500
COUSINS PROPERTIES INC COMMON STOCK 222795106 466 59,000 SH   SOLE 0 0 0 59,000
CSX CORP COMMON STOCK 126408103 2,050 33,000 SH   SOLE 0 0 0 33,000
CUBESMART COMMON STOCK 229663109 717 25,000 SH   SOLE 0 0 0 25,000
CVS HEALTH CORP COMMON STOCK 126650100 768 11,729 SH   SOLE 0 0 0 11,729
CYRUSONE INC COMMON STOCK 23283R100 1,174 22,200 SH   SOLE 0 0 0 22,200
Colony Capital Inc COMMON STOCK 19625W104 689 147,286 SH   SOLE 0 0 0 147,286
DARDEN RESTAURANTS INC COMMON STOCK 237194105 1,378 13,800 SH   SOLE 0 0 0 13,800
DIAMONDROCK HOSPITALITY CO COMMON STOCK 252784301 518 57,000 SH   SOLE 0 0 0 57,000
DIGITAL REALTY TRUST INC COMMON STOCK 253868103 1,752 16,447 SH   SOLE 0 0 0 16,447
DOLLAR GENERAL CORP COMMON STOCK 256677105 2,453 22,700 SH   SOLE 0 0 0 22,700
DOMINION ENERGY INC COMMON STOCK 25746U109 2,501 35,000 SH   SOLE 0 0 0 35,000
DUKE ENERGY CORP COMMON STOCK 26441C204 1,096 12,700 SH   SOLE 0 0 0 12,700
DUKE REALTY CORP COMMON STOCK 264411505 407 15,707 SH   SOLE 0 0 0 15,707
EASTGROUP PROPERTIES INC COMMON STOCK 277276101 745 8,122 SH   SOLE 0 0 0 8,122
EATON VANCE CORP COMMON STOCK 278265103 1,161 33,000 SH   SOLE 0 0 0 33,000
EMERSON ELECTRIC CO COMMON STOCK 291011104 1,876 31,400 SH   SOLE 0 0 0 31,400
EMPIRE STATE REALTY TRUST-A COMMON STOCK 292104106 242 17,000 SH   SOLE 0 0 0 17,000
EPR PROPERTIES COMMON STOCK 26884U109 1,281 20,000 SH   SOLE 0 0 0 20,000
EQUITY RESIDENTIAL COMMON STOCK 29476L107 1,911 28,953 SH   SOLE 0 0 0 28,953
ESSEX PROPERTY TRUST INC COMMON STOCK 297178105 736 3,000 SH   SOLE 0 0 0 3,000
EXPEDITORS INTL WASH INC COMMON STOCK 302130109 1,552 22,800 SH   SOLE 0 0 0 22,800
EXXON MOBIL CORP COMMON STOCK 30231G102 5,114 75,000 SH   SOLE 0 0 0 75,000
F5 NETWORKS INC COMMON STOCK 315616102 1,831 11,300 SH   SOLE 0 0 0 11,300
FARMLAND PARTNERS INC COMMON STOCK 31154R109 77 17,000 SH   SOLE 0 0 0 17,000
FASTENAL CO COMMON STOCK 311900104 1,543 29,500 SH   SOLE 0 0 0 29,500
FEDEX CORP COMMON STOCK 31428X106 1,517 9,400 SH   SOLE 0 0 0 9,400
FISERV INC COMMON STOCK 337738108 2,050 27,900 SH   SOLE 0 0 0 27,900
FRANKLIN STREET PROPERTIES C COMMON STOCK 35471R106 125 20,000 SH   SOLE 0 0 0 20,000
GAMING AND LEISURE PROPERTIE COMMON STOCK 36467J108 1,147 35,500 SH   SOLE 0 0 0 35,500
GLOBAL NET LEASE INC COMMON STOCK 379378201 617 34,992 SH   SOLE 0 0 0 34,992
HCP INC COMMON STOCK 40414L109 1,062 38,007 SH   SOLE 0 0 0 38,007
HEALTHCARE REALTY TRUST INC COMMON STOCK 421946104 116 4,082 SH   SOLE 0 0 0 4,082
HEALTHCARE TRUST OF AME-CL A COMMON STOCK 42225P501 911 36,000 SH   SOLE 0 0 0 36,000
HERSHA HOSPITALITY TRUST COMMON STOCK 427825500 140 8,000 SH   SOLE 0 0 0 8,000
HERSHEY CO/THE COMMON STOCK 427866108 2,154 20,100 SH   SOLE 0 0 0 20,100
HIGHWOODS PROPERTIES INC COMMON STOCK 431284108 712 18,398 SH   SOLE 0 0 0 18,398
HOME DEPOT INC COMMON STOCK 437076102 3,849 22,400 SH   SOLE 0 0 0 22,400
HOSPITALITY PROPERTIES TRUST COMMON STOCK 44106M102 651 27,266 SH   SOLE 0 0 0 27,266
HOST HOTELS and RESORTS INC COMMON STOCK 44107P104 1,289 77,343 SH   SOLE 0 0 0 77,343
HUDSON PACIFIC PROPERTIES IN COMMON STOCK 444097109 741 25,500 SH   SOLE 0 0 0 25,500
HUMANA INC COMMON STOCK 444859102 2,206 7,700 SH   SOLE 0 0 0 7,700
HUNT (JB) TRANSPRT SVCS INC COMMON STOCK 445658107 1,330 14,300 SH   SOLE 0 0 0 14,300
IDEX CORP COMMON STOCK 45167R104 1,477 11,700 SH   SOLE 0 0 0 11,700
ILLINOIS TOOL WORKS COMMON STOCK 452308109 1,926 15,200 SH   SOLE 0 0 0 15,200
INDUSTRIAL LOGISTICS PROPERT COMMON STOCK 456237106 1,605 81,573 SH   SOLE 0 0 0 81,573
INFRAREIT INC COMMON STOCK 45685L100 520 24,720 SH   SOLE 0 0 0 24,720
INGERSOLL-RAND PLC COMMON STOCK 000000000 1,898 20,800 SH   SOLE 0 0 0 20,800
INTL BUSINESS MACHINES CORP COMMON STOCK 459200101 2,649 23,300 SH   SOLE 0 0 0 23,300
INTUIT INC COMMON STOCK 461202103 1,988 10,100 SH   SOLE 0 0 0 10,100
INVITATION HOMES INC COMMON STOCK 46187W107 194 9,684 SH   SOLE 0 0 0 9,684
IRON MOUNTAIN INC COMMON STOCK 46284V101 1,086 33,500 SH   SOLE 0 0 0 33,500
JBG SMITH PROPERTIES COMMON STOCK 46590V100 387 11,118 SH   SOLE 0 0 0 11,118
KENNEDY-WILSON HOLDINGS INC COMMON STOCK 489398107 427 23,509 SH   SOLE 0 0 0 23,509
KILROY REALTY CORP COMMON STOCK 49427F108 252 4,000 SH   SOLE 0 0 0 4,000
KIMBERLY-CLARK CORP COMMON STOCK 494368103 2,381 20,900 SH   SOLE 0 0 0 20,900
KIMCO REALTY CORP COMMON STOCK 49446R109 297 20,295 SH   SOLE 0 0 0 20,295
KITE REALTY GROUP TRUST COMMON STOCK 49803T300 640 45,400 SH   SOLE 0 0 0 45,400
KLA-TENCOR CORP COMMON STOCK 482480100 1,486 16,600 SH   SOLE 0 0 0 16,600
LABORATORY CRP OF AMER HLDGS COMMON STOCK 50540R409 1,238 9,800 SH   SOLE 0 0 0 9,800
LENNOX INTERNATIONAL INC COMMON STOCK 526107107 1,992 9,100 SH   SOLE 0 0 0 9,100
LIBERTY PROPERTY TRUST COMMON STOCK 531172104 1,172 27,984 SH   SOLE 0 0 0 27,984
LOEWS CORP COMMON STOCK 540424108 1,898 41,700 SH   SOLE 0 0 0 41,700
LOWE'S COS INC COMMON STOCK 548661107 2,337 25,300 SH   SOLE 0 0 0 25,300
Life Storage Inc COMMON STOCK 53223X107 790 8,500 SH   SOLE 0 0 0 8,500
MACERICH CO/THE COMMON STOCK 554382101 358 8,266 SH   SOLE 0 0 0 8,266
MACK-CALI REALTY CORP COMMON STOCK 554489104 549 28,000 SH   SOLE 0 0 0 28,000
MARSH and MCLENNAN COS COMMON STOCK 571748102 1,930 24,200 SH   SOLE 0 0 0 24,200
MASCO CORP COMMON STOCK 574599106 1,439 49,200 SH   SOLE 0 0 0 49,200
MASTERCARD INC - A COMMON STOCK 57636Q104 3,943 20,900 SH   SOLE 0 0 0 20,900
MCDONALD'S CORP COMMON STOCK 580135101 2,965 16,700 SH   SOLE 0 0 0 16,700
MEDICAL PROPERTIES TRUST INC COMMON STOCK 58463J304 997 62,000 SH   SOLE 0 0 0 62,000
METTLER-TOLEDO INTERNATIONAL COMMON STOCK 592688105 1,849 3,270 SH   SOLE 0 0 0 3,270
MICROSOFT CORP COMMON STOCK 594918104 7,935 78,120 SH   SOLE 0 0 0 78,120
MID-AMERICA APARTMENT COMM COMMON STOCK 59522J103 1,627 17,000 SH   SOLE 0 0 0 17,000
MID-AMERICA APARTMENT COMM COMMON STOCK 59522J103 1,488 15,550 SH   SOLE 0 0 0 15,550
MONDELEZ INTERNATIONAL INC-A COMMON STOCK 609207105 2,242 56,000 SH   SOLE 0 0 0 56,000
MONMOUTH REAL ESTATE INV COR COMMON STOCK 609720107 645 52,000 SH   SOLE 0 0 0 52,000
MOODY'S CORP COMMON STOCK 615369105 1,694 12,100 SH   SOLE 0 0 0 12,100
MOTOROLA SOLUTIONS INC COMMON STOCK 620076307 2,071 18,000 SH   SOLE 0 0 0 18,000
NATIONAL RETAIL PROPERTIES COMMON STOCK 637417106 1,795 37,000 SH   SOLE 0 0 0 37,000
NATL HEALTH INVESTORS INC COMMON STOCK 63633D104 189 2,500 SH   SOLE 0 0 0 2,500
NETAPP INC COMMON STOCK 64110D104 1,253 21,000 SH   SOLE 0 0 0 21,000
NEW SENIOR INVESTMENT GROUP COMMON STOCK 648691103 172 41,863 SH   SOLE 0 0 0 41,863
NEW YORK REIT INC liquidation shs COMMON STOCK 64976L208 31 2,200 SH   SOLE 0 0 0 2,200
O'REILLY AUTOMOTIVE INC COMMON STOCK 67103H107 2,273 6,600 SH   SOLE 0 0 0 6,600
OLD DOMINION FREIGHT LINE COMMON STOCK 679580100 1,420 11,500 SH   SOLE 0 0 0 11,500
OMNICOM GROUP COMMON STOCK 681919106 1,516 20,700 SH   SOLE 0 0 0 20,700
PAYCHEX INC COMMON STOCK 704326107 1,681 25,800 SH   SOLE 0 0 0 25,800
PEBBLEBROOK HOTEL TRUST COMMON STOCK 70509V100 633 22,355 SH   SOLE 0 0 0 22,355
PEOPLE'S UNITED FINANCIAL COMMON STOCK 712704105 1,299 90,000 SH   SOLE 0 0 0 90,000
PEPSICO INC COMMON STOCK 713448108 3,834 34,700 SH   SOLE 0 0 0 34,700
PFIZER INC COMMON STOCK 717081103 5,177 118,600 SH   SOLE 0 0 0 118,600
PHYSICIANS REALTY TRUST COMMON STOCK 71943U104 818 51,000 SH   SOLE 0 0 0 51,000
PPG INDUSTRIES INC COMMON STOCK 693506107 2,045 20,000 SH   SOLE 0 0 0 20,000
PPL CORP COMMON STOCK 69351T106 2,031 71,700 SH   SOLE 0 0 0 71,700
PREFERRED APARTMENT COMMUN-A COMMON STOCK 74039L103 422 30,000 SH   SOLE 0 0 0 30,000
PROCTER and GAMBLE CO/THE COMMON STOCK 742718109 4,522 49,200 SH   SOLE 0 0 0 49,200
PROLOGIS INC COMMON STOCK 74340W103 2,301 39,183 SH   SOLE 0 0 0 39,183
PUBLIC SERVICE ENTERPRISE GP COMMON STOCK 744573106 1,931 37,100 SH   SOLE 0 0 0 37,100
PUBLIC STORAGE COMMON STOCK 74460D109 1,784 8,813 SH   SOLE 0 0 0 8,813
QTS REALTY TRUST INC-CL A COMMON STOCK 74736A103 593 16,000 SH   SOLE 0 0 0 16,000
QUEST DIAGNOSTICS INC COMMON STOCK 74834L100 1,249 15,000 SH   SOLE 0 0 0 15,000
REGENCY CENTERS CORP COMMON STOCK 758849103 1,320 22,500 SH   SOLE 0 0 0 22,500
REGENERON PHARMACEUTICALS COMMON STOCK 75886F107 1,868 5,000 SH   SOLE 0 0 0 5,000
RETAIL VALUE INC COMMON STOCK 76133Q102 95 3,700 SH   SOLE 0 0 0 3,700
RLJ LODGING TRUST COMMON STOCK 74965L101 472 28,800 SH   SOLE 0 0 0 28,800
RMR GROUP INC/THE - A COMMON STOCK 74967R106 148 2,782 SH   SOLE 0 0 0 2,782
ROBERT HALF INTL INC COMMON STOCK 770323103 1,344 23,500 SH   SOLE 0 0 0 23,500
ROCKWELL AUTOMATION INC COMMON STOCK 773903109 1,746 11,600 SH   SOLE 0 0 0 11,600
ROSS STORES INC COMMON STOCK 778296103 1,897 22,800 SH   SOLE 0 0 0 22,800
RPT REALTY COMMON STOCK 74971D101 658 55,100 SH   SOLE 0 0 0 55,100
SandP GLOBAL INC COMMON STOCK 78409V104 1,988 11,700 SH   SOLE 0 0 0 11,700
SABRA HEALTH CARE REIT INC COMMON STOCK 78573L106 1,020 61,874 SH   SOLE 0 0 0 61,874
SEALED AIR CORP COMMON STOCK 81211K100 1,359 39,000 SH   SOLE 0 0 0 39,000
SEI INVESTMENTS COMPANY COMMON STOCK 784117103 1,294 28,000 SH   SOLE 0 0 0 28,000
SELECT INCOME REIT COMMON STOCK 81618T100 360 48,900 SH   SOLE 0 0 0 48,900
SENIOR HOUSING PROP TRUST COMMON STOCK 81721M109 657 56,100 SH   SOLE 0 0 0 56,100
SHERWIN-WILLIAMS CO/THE COMMON STOCK 824348106 1,771 4,500 SH   SOLE 0 0 0 4,500
SIMON PROPERTY GROUP INC COMMON STOCK 828806109 1,764 10,500 SH   SOLE 0 0 0 10,500
SIMON PROPERTY GROUP INC COMMON STOCK 828806109 4,621 27,506 SH   SOLE 0 0 0 27,506
SKYWORKS SOLUTIONS INC COMMON STOCK 83088M102 1,220 18,200 SH   SOLE 0 0 0 18,200
SL GREEN REALTY CORP COMMON STOCK 78440X101 574 7,257 SH   SOLE 0 0 0 7,257
SMITH (A.O.) CORP COMMON STOCK 831865209 1,362 31,900 SH   SOLE 0 0 0 31,900
SNAP-ON INC COMMON STOCK 833034101 1,889 13,000 SH   SOLE 0 0 0 13,000
SOUTHERN CO/THE COMMON STOCK 842587107 2,086 47,500 SH   SOLE 0 0 0 47,500
SPIRIT MTA REIT COMMON STOCK 84861U105 66 9,200 SH   SOLE 0 0 0 9,200
SPIRIT REALTY CAPITAL INC COMMON STOCK 84860W300 649 18,400 SH   SOLE 0 0 0 18,400
STAG INDUSTRIAL INC COMMON STOCK 85254J102 634 25,500 SH   SOLE 0 0 0 25,500
STARBUCKS CORP COMMON STOCK 855244109 2,930 45,500 SH   SOLE 0 0 0 45,500
STORE CAPITAL CORP COMMON STOCK 862121100 170 6,000 SH   SOLE 0 0 0 6,000
STRYKER CORP COMMON STOCK 863667101 1,944 12,400 SH   SOLE 0 0 0 12,400
SUMMIT HOTEL PROPERTIES INC COMMON STOCK 866082100 182 18,700 SH   SOLE 0 0 0 18,700
SUNSTONE HOTEL INVESTORS INC COMMON STOCK 867892101 169 13,000 SH   SOLE 0 0 0 13,000
SYNOPSYS INC COMMON STOCK 871607107 1,516 18,000 SH   SOLE 0 0 0 18,000
SYSCO CORP COMMON STOCK 871829107 1,548 24,700 SH   SOLE 0 0 0 24,700
TANGER FACTORY OUTLET CENTER COMMON STOCK 875465106 637 31,500 SH   SOLE 0 0 0 31,500
TAUBMAN CENTERS INC COMMON STOCK 876664103 273 6,000 SH   SOLE 0 0 0 6,000
TD AMERITRADE HOLDING CORP COMMON STOCK 87236Y108 1,469 30,000 SH   SOLE 0 0 0 30,000
TEXAS INSTRUMENTS INC COMMON STOCK 882508104 2,400 25,400 SH   SOLE 0 0 0 25,400
TIER REIT INC COMMON STOCK 88650V208 413 20,000 SH   SOLE 0 0 0 20,000
TJX COMPANIES INC COMMON STOCK 872540109 2,103 47,000 SH   SOLE 0 0 0 47,000
TORCHMARK CORP COMMON STOCK 891027104 1,729 23,200 SH   SOLE 0 0 0 23,200
TRACTOR SUPPLY COMPANY COMMON STOCK 892356106 1,961 23,500 SH   SOLE 0 0 0 23,500
TRAVELERS COS INC/THE COMMON STOCK 89417E109 2,024 16,900 SH   SOLE 0 0 0 16,900
UDR INC COMMON STOCK 902653104 1,051 26,519 SH   SOLE 0 0 0 26,519
UMH PROPERTIES INC COMMON STOCK 903002103 450 38,000 SH   SOLE 0 0 0 38,000
UNION PACIFIC CORP COMMON STOCK 907818108 2,958 21,400 SH   SOLE 0 0 0 21,400
UNITED CONTINENTAL HOLDINGS COMMON STOCK 910047109 1,591 19,000 SH   SOLE 0 0 0 19,000
UNITED PARCEL SERVICE-CL B COMMON STOCK 911312106 2,365 24,250 SH   SOLE 0 0 0 24,250
UNITEDHEALTH GROUP INC COMMON STOCK 91324P102 4,210 16,900 SH   SOLE 0 0 0 16,900
UNITI GROUP INC COMMON STOCK 91325V108 405 26,000 SH   SOLE 0 0 0 26,000
URSTADT BIDDLE - CLASS A COMMON STOCK 917286205 327 17,000 SH   SOLE 0 0 0 17,000
US BANCORP COMMON STOCK 902973304 2,258 49,400 SH   SOLE 0 0 0 49,400
VENTAS INC COMMON STOCK 92276F100 1,662 28,362 SH   SOLE 0 0 0 28,362
VEREIT INC COMMON STOCK 92339V100 1,094 153,000 SH   SOLE 0 0 0 153,000
VERIZON COMMUNICATIONS INC COMMON STOCK 92343V104 4,020 71,500 SH   SOLE 0 0 0 71,500
VF CORP COMMON STOCK 918204108 1,598 22,400 SH   SOLE 0 0 0 22,400
VISA INC-CLASS A SHARES COMMON STOCK 92826C839 4,671 35,400 SH   SOLE 0 0 0 35,400
VORNADO REALTY TRUST COMMON STOCK 929042109 697 11,237 SH   SOLE 0 0 0 11,237
WALT DISNEY CO/THE COMMON STOCK 254687106 4,013 36,600 SH   SOLE 0 0 0 36,600
WASHINGTON REIT COMMON STOCK 939653101 138 6,000 SH   SOLE 0 0 0 6,000
WASTE MANAGEMENT INC COMMON STOCK 94106L109 2,429 27,300 SH   SOLE 0 0 0 27,300
WEINGARTEN REALTY INVESTORS COMMON STOCK 948741103 430 17,314 SH   SOLE 0 0 0 17,314
WELLTOWER INC COMMON STOCK 95040Q104 1,961 28,247 SH   SOLE 0 0 0 28,247
WW GRAINGER INC COMMON STOCK 384802104 1,440 5,100 SH   SOLE 0 0 0 5,100
YUM! BRANDS INC COMMON STOCK 988498101 2,096 22,800 SH   SOLE 0 0 0 22,800
ZOETIS INC COMMON STOCK 98978V103 2,113 24,700 SH   SOLE 0 0 0 24,700