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 2,763 13,300 SH   SOLE 0 0 0 13,300
A SITE CENTER REIT COMMON STOCK 23317H854 504 37,000 SH   SOLE 0 0 0 37,000
AFLAC INC COMMON STOCK 001055102 1,795 35,900 SH   SOLE 0 0 0 35,900
AGILENT TECHNOLOGIES INC COMMON STOCK 00846U101 1,608 20,000 SH   SOLE 0 0 0 20,000
AGNC INVESTMENT CORP COMMON STOCK 00123Q104 1,476 82,000 SH   SOLE 0 0 0 82,000
ALEXANDRIA REAL ESTATE EQUIT COMMON STOCK 015271109 1,219 8,550 SH   SOLE 0 0 0 8,550
ALLEGHANY CORP COMMON STOCK 017175100 1,531 2,500 SH   SOLE 0 0 0 2,500
ALLSTATE CORP COMMON STOCK 020002101 1,846 19,600 SH   SOLE 0 0 0 19,600
ALTRIA GROUP INC COMMON STOCK 02209S103 2,849 49,600 SH   SOLE 0 0 0 49,600
AMERICAN CAMPUS COMMUNITIES COMMON STOCK 024835100 1,047 22,000 SH   SOLE 0 0 0 22,000
AMERICAN HOMES 4 RENT- A COMMON STOCK 02665T306 568 25,000 SH   SOLE 0 0 0 25,000
AMERIPRISE FINANCIAL INC COMMON STOCK 03076C106 1,704 13,300 SH   SOLE 0 0 0 13,300
AMGEN INC COMMON STOCK 031162100 2,755 14,500 SH   SOLE 0 0 0 14,500
AMPHENOL CORP-CL A COMMON STOCK 032095101 1,747 18,500 SH   SOLE 0 0 0 18,500
ANTHEM INC COMMON STOCK 036752103 2,009 7,000 SH   SOLE 0 0 0 7,000
APARTMENT INVT and MGMT CO -A COMMON STOCK 03748R754 1,031 20,509 SH   SOLE 0 0 0 20,509
APPLE HOSPITALITY REIT INC COMMON STOCK 03784Y200 212 13,000 SH   SOLE 0 0 0 13,000
APPLE INC COMMON STOCK 037833100 7,921 41,700 SH   SOLE 0 0 0 41,700
ARCHER-DANIELS-MIDLAND CO COMMON STOCK 039483102 1,488 34,500 SH   SOLE 0 0 0 34,500
ARMADA HOFFLER PROPERTIES IN COMMON STOCK 04208T108 360 23,101 SH   SOLE 0 0 0 23,101
AUTOMATIC DATA PROCESSING COMMON STOCK 053015103 2,316 14,500 SH   SOLE 0 0 0 14,500
AUTOZONE INC COMMON STOCK 053332102 1,946 1,900 SH   SOLE 0 0 0 1,900
AVALONBAY COMMUNITIES INC COMMON STOCK 053484101 2,068 10,302 SH   SOLE 0 0 0 10,302
AVERY DENNISON CORP COMMON STOCK 053611109 1,684 14,900 SH   SOLE 0 0 0 14,900
BBandT CORP COMMON STOCK 054937107 1,629 35,000 SH   SOLE 0 0 0 35,000
BEST BUY CO INC COMMON STOCK 086516101 1,698 23,900 SH   SOLE 0 0 0 23,900
BIOGEN INC COMMON STOCK 09062X103 1,442 6,100 SH   SOLE 0 0 0 6,100
BOOKING HOLDINGS INC COMMON STOCK 741503403 2,268 1,300 SH   SOLE 0 0 0 1,300
BOSTON PROPERTIES INC COMMON STOCK 101121101 778 5,814 SH   SOLE 0 0 0 5,814
BRANDYWINE REALTY TRUST COMMON STOCK 105368203 1,134 71,500 SH   SOLE 0 0 0 71,500
BRISTOL-MYERS SQUIBB CO COMMON STOCK 110122108 2,242 47,000 SH   SOLE 0 0 0 47,000
BRIXMOR PROPERTY GROUP INC COMMON STOCK 11120U105 766 41,711 SH   SOLE 0 0 0 41,711
BROADRIDGE FINANCIAL SOLUTIO COMMON STOCK 11133T103 1,524 14,700 SH   SOLE 0 0 0 14,700
C.H. ROBINSON WORLDWIDE INC COMMON STOCK 12541W209 1,392 16,000 SH   SOLE 0 0 0 16,000
CAMDEN PROPERTY TRUST COMMON STOCK 133131102 1,241 12,231 SH   SOLE 0 0 0 12,231
CBL and ASSOCIATES PROPERTIES COMMON STOCK 124830100 50 32,000 SH   SOLE 0 0 0 32,000
CBS CORP-CLASS B NON VOTING COMMON STOCK 124857202 1,521 32,000 SH   SOLE 0 0 0 32,000
CDK GLOBAL INC COMMON STOCK 12508E101 1,718 29,200 SH   SOLE 0 0 0 29,200
CDW CORP/DE COMMON STOCK 12514G108 1,735 18,000 SH   SOLE 0 0 0 18,000
CELGENE CORP COMMON STOCK 151020104 2,170 23,000 SH   SOLE 0 0 0 23,000
CHATHAM LODGING TRUST COMMON STOCK 16208T102 173 9,000 SH   SOLE 0 0 0 9,000
CHESAPEAKE LODGING TRUST COMMON STOCK 165240102 403 14,500 SH   SOLE 0 0 0 14,500
CIGNA ORD COMMON STOCK 125509109 1,721 10,700 SH   SOLE 0 0 0 10,700
CINTAS CORP COMMON STOCK 172908105 1,758 8,700 SH   SOLE 0 0 0 8,700
CISCO SYSTEMS INC COMMON STOCK 17275R102 4,157 77,000 SH   SOLE 0 0 0 77,000
CITRIX SYSTEMS INC COMMON STOCK 177376100 1,495 15,000 SH   SOLE 0 0 0 15,000
COGNIZANT TECH SOLUTIONS-A COMMON STOCK 192446102 1,891 26,100 SH   SOLE 0 0 0 26,100
COLUMBIA PROPERTY TRUST INC COMMON STOCK 198287203 675 30,000 SH   SOLE 0 0 0 30,000
CORPORATE OFFICE PROPERTIES COMMON STOCK 22002T108 1,106 40,500 SH   SOLE 0 0 0 40,500
COUSINS PROPERTIES INC COMMON STOCK 222795106 570 59,000 SH   SOLE 0 0 0 59,000
CSX CORP COMMON STOCK 126408103 2,245 30,000 SH   SOLE 0 0 0 30,000
CUBESMART COMMON STOCK 229663109 545 17,000 SH   SOLE 0 0 0 17,000
CVS HEALTH CORP COMMON STOCK 126650100 1,819 33,729 SH   SOLE 0 0 0 33,729
CYRUSONE INC COMMON STOCK 23283R100 902 17,200 SH   SOLE 0 0 0 17,200
Colony Capital Inc COMMON STOCK 19625W104 677 127,286 SH   SOLE 0 0 0 127,286
DARDEN RESTAURANTS INC COMMON STOCK 237194105 1,676 13,800 SH   SOLE 0 0 0 13,800
DIAMONDROCK HOSPITALITY CO COMMON STOCK 252784301 162 15,000 SH   SOLE 0 0 0 15,000
DIGITAL REALTY TRUST INC COMMON STOCK 253868103 1,719 14,447 SH   SOLE 0 0 0 14,447
DOLLAR GENERAL CORP COMMON STOCK 256677105 1,754 14,700 SH   SOLE 0 0 0 14,700
DOMINION ENERGY INC COMMON STOCK 25746U109 2,070 27,000 SH   SOLE 0 0 0 27,000
DUKE REALTY CORP COMMON STOCK 264411505 480 15,707 SH   SOLE 0 0 0 15,707
EASTGROUP PROPERTIES INC COMMON STOCK 277276101 349 3,122 SH   SOLE 0 0 0 3,122
EMERSON ELECTRIC CO COMMON STOCK 291011104 1,945 28,400 SH   SOLE 0 0 0 28,400
EMPIRE STATE REALTY TRUST-A COMMON STOCK 292104106 269 17,000 SH   SOLE 0 0 0 17,000
EPR PROPERTIES COMMON STOCK 26884U109 1,154 15,000 SH   SOLE 0 0 0 15,000
EQUITY RESIDENTIAL COMMON STOCK 29476L107 1,804 23,953 SH   SOLE 0 0 0 23,953
ESSEX PROPERTY TRUST INC COMMON STOCK 297178105 868 3,000 SH   SOLE 0 0 0 3,000
EXELON CORP COMMON STOCK 30161N101 2,005 40,000 SH   SOLE 0 0 0 40,000
EXPEDITORS INTL WASH INC COMMON STOCK 302130109 1,579 20,800 SH   SOLE 0 0 0 20,800
EXXON MOBIL CORP COMMON STOCK 30231G102 5,252 65,000 SH   SOLE 0 0 0 65,000
F5 NETWORKS INC COMMON STOCK 315616102 1,459 9,300 SH   SOLE 0 0 0 9,300
FARMLAND PARTNERS INC COMMON STOCK 31154R109 109 17,000 SH   SOLE 0 0 0 17,000
FASTENAL CO COMMON STOCK 311900104 1,640 25,500 SH   SOLE 0 0 0 25,500
FIRSTENERGY CORP COMMON STOCK 337932107 1,664 40,000 SH   SOLE 0 0 0 40,000
FISERV INC COMMON STOCK 337738108 1,757 19,900 SH   SOLE 0 0 0 19,900
FRANKLIN STREET PROPERTIES C COMMON STOCK 35471R106 144 20,000 SH   SOLE 0 0 0 20,000
GAMING AND LEISURE PROPERTIE COMMON STOCK 36467J108 1,176 30,500 SH   SOLE 0 0 0 30,500
GLOBAL NET LEASE INC COMMON STOCK 379378201 567 29,992 SH   SOLE 0 0 0 29,992
HCP INC COMMON STOCK 40414L109 1,033 33,007 SH   SOLE 0 0 0 33,007
HEALTHCARE REALTY TRUST INC COMMON STOCK 421946104 131 4,082 SH   SOLE 0 0 0 4,082
HEALTHCARE TRUST OF AME-CL A COMMON STOCK 42225P501 943 33,000 SH   SOLE 0 0 0 33,000
HERSHA HOSPITALITY TRUST COMMON STOCK 427825500 137 8,000 SH   SOLE 0 0 0 8,000
HERSHEY CO/THE COMMON STOCK 427866108 1,677 14,600 SH   SOLE 0 0 0 14,600
HIGHWOODS PROPERTIES INC COMMON STOCK 431284108 790 16,898 SH   SOLE 0 0 0 16,898
HOME DEPOT INC COMMON STOCK 437076102 3,723 19,400 SH   SOLE 0 0 0 19,400
HOSPITALITY PROPERTIES TRUST COMMON STOCK 44106M102 717 27,266 SH   SOLE 0 0 0 27,266
HOST HOTELS and RESORTS INC COMMON STOCK 44107P104 1,273 67,343 SH   SOLE 0 0 0 67,343
HUDSON PACIFIC PROPERTIES IN COMMON STOCK 444097109 809 23,500 SH   SOLE 0 0 0 23,500
HUMANA INC COMMON STOCK 444859102 1,596 6,000 SH   SOLE 0 0 0 6,000
HUNT (JB) TRANSPRT SVCS INC COMMON STOCK 445658107 1,448 14,300 SH   SOLE 0 0 0 14,300
IDEX CORP COMMON STOCK 45167R104 1,624 10,700 SH   SOLE 0 0 0 10,700
ILLINOIS TOOL WORKS COMMON STOCK 452308109 1,952 13,600 SH   SOLE 0 0 0 13,600
INDUSTRIAL LOGISTICS PROPERT COMMON STOCK 456237106 1,242 61,572 SH   SOLE 0 0 0 61,572
INFRAREIT INC COMMON STOCK 45685L100 362 17,267 SH   SOLE 0 0 0 17,267
INGERSOLL-RAND PLC COMMON STOCK 000000000 1,814 16,800 SH   SOLE 0 0 0 16,800
INTL BUSINESS MACHINES CORP COMMON STOCK 459200101 2,723 19,300 SH   SOLE 0 0 0 19,300
INTUIT INC COMMON STOCK 461202103 2,379 9,100 SH   SOLE 0 0 0 9,100
INVITATION HOMES INC COMMON STOCK 46187W107 236 9,684 SH   SOLE 0 0 0 9,684
IRON MOUNTAIN INC COMMON STOCK 46284V101 1,152 32,500 SH   SOLE 0 0 0 32,500
KENNEDY-WILSON HOLDINGS INC COMMON STOCK 489398107 289 13,509 SH   SOLE 0 0 0 13,509
KILROY REALTY CORP COMMON STOCK 49427F108 304 4,000 SH   SOLE 0 0 0 4,000
KIMBERLY-CLARK CORP COMMON STOCK 494368103 2,057 16,600 SH   SOLE 0 0 0 16,600
KIMCO REALTY CORP COMMON STOCK 49446R109 375 20,295 SH   SOLE 0 0 0 20,295
KITE REALTY GROUP TRUST COMMON STOCK 49803T300 598 37,400 SH   SOLE 0 0 0 37,400
KLA-TENCOR CORP COMMON STOCK 482480100 1,743 14,600 SH   SOLE 0 0 0 14,600
LENNOX INTERNATIONAL INC COMMON STOCK 526107107 1,745 6,600 SH   SOLE 0 0 0 6,600
LIBERTY PROPERTY TRUST COMMON STOCK 531172104 1,113 22,984 SH   SOLE 0 0 0 22,984
LOEWS CORP COMMON STOCK 540424108 1,519 31,700 SH   SOLE 0 0 0 31,700
LOWE'S COS INC COMMON STOCK 548661107 2,551 23,300 SH   SOLE 0 0 0 23,300
Life Storage Inc COMMON STOCK 53223X107 486 5,000 SH   SOLE 0 0 0 5,000
MACERICH CO/THE COMMON STOCK 554382101 358 8,266 SH   SOLE 0 0 0 8,266
MACK-CALI REALTY CORP COMMON STOCK 554489104 622 28,000 SH   SOLE 0 0 0 28,000
MARSH and MCLENNAN COS COMMON STOCK 571748102 2,038 21,700 SH   SOLE 0 0 0 21,700
MASCO CORP COMMON STOCK 574599106 1,855 47,200 SH   SOLE 0 0 0 47,200
MASTERCARD INC - A COMMON STOCK 57636Q104 3,861 16,400 SH   SOLE 0 0 0 16,400
MCDONALD'S CORP COMMON STOCK 580135101 2,981 15,700 SH   SOLE 0 0 0 15,700
MEDICAL PROPERTIES TRUST INC COMMON STOCK 58463J304 963 52,000 SH   SOLE 0 0 0 52,000
METTLER-TOLEDO INTERNATIONAL COMMON STOCK 592688105 1,641 2,270 SH   SOLE 0 0 0 2,270
MICROSOFT CORP COMMON STOCK 594918104 7,916 67,120 SH   SOLE 0 0 0 67,120
MID-AMERICA APARTMENT COMM COMMON STOCK 59522J103 1,585 14,500 SH   SOLE 0 0 0 14,500
MID-AMERICA APARTMENT COMM COMMON STOCK 59522J103 1,481 13,550 SH   SOLE 0 0 0 13,550
MONMOUTH REAL ESTATE INV COR COMMON STOCK 609720107 685 52,000 SH   SOLE 0 0 0 52,000
MOTOROLA SOLUTIONS INC COMMON STOCK 620076307 1,825 13,000 SH   SOLE 0 0 0 13,000
NATL HEALTH INVESTORS INC COMMON STOCK 63633D104 746 9,500 SH   SOLE 0 0 0 9,500
NETAPP INC COMMON STOCK 64110D104 1,664 24,000 SH   SOLE 0 0 0 24,000
NEW SENIOR INVESTMENT GROUP COMMON STOCK 648691103 92 16,863 SH   SOLE 0 0 0 16,863
O'REILLY AUTOMOTIVE INC COMMON STOCK 67103H107 1,864 4,800 SH   SOLE 0 0 0 4,800
OFFICE PROPERTIES INCOME TRUST COMMON STOCK 67623C109 351 12,714 SH   SOLE 0 0 0 12,714
OLD DOMINION FREIGHT LINE COMMON STOCK 679580100 1,516 10,500 SH   SOLE 0 0 0 10,500
OMNICOM GROUP COMMON STOCK 681919106 1,511 20,700 SH   SOLE 0 0 0 20,700
PAYCHEX INC COMMON STOCK 704326107 1,869 23,300 SH   SOLE 0 0 0 23,300
PEBBLEBROOK HOTEL TRUST COMMON STOCK 70509V100 384 12,355 SH   SOLE 0 0 0 12,355
PEOPLE'S UNITED FINANCIAL COMMON STOCK 712704105 1,480 90,000 SH   SOLE 0 0 0 90,000
PEPSICO INC COMMON STOCK 713448108 3,395 27,700 SH   SOLE 0 0 0 27,700
PFIZER INC COMMON STOCK 717081103 4,103 96,600 SH   SOLE 0 0 0 96,600
PHYSICIANS REALTY TRUST COMMON STOCK 71943U104 828 44,000 SH   SOLE 0 0 0 44,000
PPG INDUSTRIES INC COMMON STOCK 693506107 1,806 16,000 SH   SOLE 0 0 0 16,000
PPL CORP COMMON STOCK 69351T106 1,673 52,700 SH   SOLE 0 0 0 52,700
PREFERRED APARTMENT COMMUN-A COMMON STOCK 74039L103 445 30,000 SH   SOLE 0 0 0 30,000
PROCTER and GAMBLE CO/THE COMMON STOCK 742718109 4,183 40,200 SH   SOLE 0 0 0 40,200
PROLOGIS INC COMMON STOCK 74340W103 2,603 36,183 SH   SOLE 0 0 0 36,183
PUBLIC SERVICE ENTERPRISE GP COMMON STOCK 744573106 1,907 32,100 SH   SOLE 0 0 0 32,100
PUBLIC STORAGE COMMON STOCK 74460D109 1,919 8,813 SH   SOLE 0 0 0 8,813
QTS REALTY TRUST INC-CL A COMMON STOCK 74736A103 360 8,000 SH   SOLE 0 0 0 8,000
REGENCY CENTERS CORP COMMON STOCK 758849103 1,519 22,500 SH   SOLE 0 0 0 22,500
REGENERON PHARMACEUTICALS COMMON STOCK 75886F107 1,642 4,000 SH   SOLE 0 0 0 4,000
REINSURANCE GROUP OF AMERICA COMMON STOCK 759351604 1,420 10,000 SH   SOLE 0 0 0 10,000
RETAIL VALUE INC COMMON STOCK 76133Q102 3 99 SH   SOLE 0 0 0 99
RLJ LODGING TRUST COMMON STOCK 74965L101 506 28,800 SH   SOLE 0 0 0 28,800
RMR GROUP INC/THE - A COMMON STOCK 74967R106 65 1,069 SH   SOLE 0 0 0 1,069
ROBERT HALF INTL INC COMMON STOCK 770323103 1,531 23,500 SH   SOLE 0 0 0 23,500
ROCKWELL AUTOMATION INC COMMON STOCK 773903109 1,649 9,400 SH   SOLE 0 0 0 9,400
ROSS STORES INC COMMON STOCK 778296103 1,750 18,800 SH   SOLE 0 0 0 18,800
RPT REALTY COMMON STOCK 74971D101 542 45,100 SH   SOLE 0 0 0 45,100
SandP GLOBAL INC COMMON STOCK 78409V104 2,042 9,700 SH   SOLE 0 0 0 9,700
SABRA HEALTH CARE REIT INC COMMON STOCK 78573L106 1,010 51,874 SH   SOLE 0 0 0 51,874
SEI INVESTMENTS COMPANY COMMON STOCK 784117103 1,463 28,000 SH   SOLE 0 0 0 28,000
SENIOR HOUSING PROP TRUST COMMON STOCK 81721M109 661 56,100 SH   SOLE 0 0 0 56,100
SIMON PROPERTY GROUP INC COMMON STOCK 828806109 1,913 10,500 SH   SOLE 0 0 0 10,500
SIMON PROPERTY GROUP INC COMMON STOCK 828806109 4,465 24,506 SH   SOLE 0 0 0 24,506
SKYWORKS SOLUTIONS INC COMMON STOCK 83088M102 1,501 18,200 SH   SOLE 0 0 0 18,200
SL GREEN REALTY CORP COMMON STOCK 78440X101 1,349 15,000 SH   SOLE 0 0 0 15,000
SL GREEN REALTY CORP COMMON STOCK 78440X101 653 7,257 SH   SOLE 0 0 0 7,257
SMITH (A.O.) CORP COMMON STOCK 831865209 1,701 31,900 SH   SOLE 0 0 0 31,900
SNAP-ON INC COMMON STOCK 833034101 1,409 9,000 SH   SOLE 0 0 0 9,000
SOUTHERN CO/THE COMMON STOCK 842587107 2,041 39,500 SH   SOLE 0 0 0 39,500
SPIRIT REALTY CAPITAL INC COMMON STOCK 84860W300 612 15,400 SH   SOLE 0 0 0 15,400
STAG INDUSTRIAL INC COMMON STOCK 85254J102 756 25,500 SH   SOLE 0 0 0 25,500
STARBUCKS CORP COMMON STOCK 855244109 2,490 33,500 SH   SOLE 0 0 0 33,500
STORE CAPITAL CORP COMMON STOCK 862121100 536 16,000 SH   SOLE 0 0 0 16,000
STRYKER CORP COMMON STOCK 863667101 2,252 11,400 SH   SOLE 0 0 0 11,400
SUMMIT HOTEL PROPERTIES INC COMMON STOCK 866082100 213 18,700 SH   SOLE 0 0 0 18,700
SUNSTONE HOTEL INVESTORS INC COMMON STOCK 867892101 187 13,000 SH   SOLE 0 0 0 13,000
SYNOPSYS INC COMMON STOCK 871607107 1,958 17,000 SH   SOLE 0 0 0 17,000
SYSCO CORP COMMON STOCK 871829107 1,649 24,700 SH   SOLE 0 0 0 24,700
TANGER FACTORY OUTLET CENTER COMMON STOCK 875465106 598 28,500 SH   SOLE 0 0 0 28,500
TAUBMAN CENTERS INC COMMON STOCK 876664103 317 6,000 SH   SOLE 0 0 0 6,000
TD AMERITRADE HOLDING CORP COMMON STOCK 87236Y108 1,400 28,000 SH   SOLE 0 0 0 28,000
TEXAS INSTRUMENTS INC COMMON STOCK 882508104 2,482 23,400 SH   SOLE 0 0 0 23,400
TIER REIT INC COMMON STOCK 88650V208 573 20,000 SH   SOLE 0 0 0 20,000
TJX COMPANIES INC COMMON STOCK 872540109 2,182 41,000 SH   SOLE 0 0 0 41,000
TORCHMARK CORP COMMON STOCK 891027104 1,491 18,200 SH   SOLE 0 0 0 18,200
TRACTOR SUPPLY COMPANY COMMON STOCK 892356106 1,613 16,500 SH   SOLE 0 0 0 16,500
TRAVELERS COS INC/THE COMMON STOCK 89417E109 1,907 13,900 SH   SOLE 0 0 0 13,900
UDR INC COMMON STOCK 902653104 1,206 26,519 SH   SOLE 0 0 0 26,519
UMH PROPERTIES INC COMMON STOCK 903002103 352 25,000 SH   SOLE 0 0 0 25,000
UNION PACIFIC CORP COMMON STOCK 907818108 2,742 16,400 SH   SOLE 0 0 0 16,400
UNITED PARCEL SERVICE-CL B COMMON STOCK 911312106 2,374 21,250 SH   SOLE 0 0 0 21,250
UNITEDHEALTH GROUP INC COMMON STOCK 91324P102 3,758 15,200 SH   SOLE 0 0 0 15,200
UNITI GROUP INC COMMON STOCK 91325V108 179 16,000 SH   SOLE 0 0 0 16,000
URSTADT BIDDLE - CLASS A COMMON STOCK 917286205 351 17,000 SH   SOLE 0 0 0 17,000
US BANCORP COMMON STOCK 902973304 2,043 42,400 SH   SOLE 0 0 0 42,400
VENTAS INC COMMON STOCK 92276F100 1,810 28,362 SH   SOLE 0 0 0 28,362
VEREIT INC COMMON STOCK 92339V100 1,256 150,000 SH   SOLE 0 0 0 150,000
VERIZON COMMUNICATIONS INC COMMON STOCK 92343V104 4,228 71,500 SH   SOLE 0 0 0 71,500
VISA INC-CLASS A SHARES COMMON STOCK 92826C839 4,592 29,400 SH   SOLE 0 0 0 29,400
VORNADO REALTY TRUST COMMON STOCK 929042109 758 11,237 SH   SOLE 0 0 0 11,237
WALT DISNEY CO/THE COMMON STOCK 254687106 3,175 28,600 SH   SOLE 0 0 0 28,600
WASHINGTON REIT COMMON STOCK 939653101 170 6,000 SH   SOLE 0 0 0 6,000
WASTE MANAGEMENT INC COMMON STOCK 94106L109 2,005 19,300 SH   SOLE 0 0 0 19,300
WATERS CORP COMMON STOCK 941848103 1,636 6,500 SH   SOLE 0 0 0 6,500
WEINGARTEN REALTY INVESTORS COMMON STOCK 948741103 509 17,314 SH   SOLE 0 0 0 17,314
WELLTOWER INC COMMON STOCK 95040Q104 1,882 24,247 SH   SOLE 0 0 0 24,247
WW GRAINGER INC COMMON STOCK 384802104 1,535 5,100 SH   SOLE 0 0 0 5,100
YUM! BRANDS INC COMMON STOCK 988498101 1,777 17,800 SH   SOLE 0 0 0 17,800
ZOETIS INC COMMON STOCK 98978V103 2,134 21,200 SH   SOLE 0 0 0 21,200