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
Agree Realty Corp COM 008492100   127,629,263 1,811,629 SH   DFND 1 1,811,629 0 0
Alexandria Real Estate Equitie COM 015271109   42,496,877 435,642 SH   DFND 1 435,642 0 0
American Healthcare REIT Inc COM 398182303   87,669,874 3,084,795 SH   DFND 1 3,084,795 0 0
American Homes 4 Rent COM 02665T306   17,804,436 475,800 SH   DFND 1 475,800 0 0
American Tower Corp COM 03027X100   75,831,231 413,452 SH   DFND 1 413,452 0 0
Americold Realty Trust Inc COM 03064D108   65,472,915 3,059,482 SH   DFND 1 3,059,482 0 0
Avalon Bay Communities COM 053484101   25,470,326 115,790 SH   DFND 1 115,790 0 0
Brixmor Property Group Inc COM 11120U105   187,649,367 6,740,279 SH   DFND 1 6,740,279 0 0
Broadstone Net Lease Inc COM 11135E203   49,282,063 3,107,318 SH   DFND 1 3,107,318 0 0
BXP Inc COM 101121101   158,162,084 2,126,978 SH   DFND 1 2,126,978 0 0
Camden Property Trust COM 133131102   240,106,139 2,069,167 SH   DFND 1 2,069,167 0 0
CareTrust REIT Inc COM 14174T107   1,329,994 49,168 SH   DFND 1 49,168 0 0
CBRE Group Inc - A COM 12504L109   1,431,061 10,900 SH   DFND 1 10,900 0 0
Centerspace COM 15202L107   965,790 14,600 SH   DFND 1 14,600 0 0
COPT Defense Properties COM 22002T108   2,224,748 71,882 SH   DFND 1 71,882 0 0
Corp Inmobiliaria Vesta SAB COM 92540K109   8,763,955 342,342 SH   DFND 1 342,342 0 0
Cousins Properties Inc COM 222795502   140,662,572 4,590,815 SH   DFND 1 4,590,815 0 0
Crown Castle Intl Corp COM 22822V101   5,360,286 59,060 SH   DFND 1 59,060 0 0
Cubesmart COM 229663109   65,672,896 1,532,623 SH   DFND 1 1,532,623 0 0
DiamondRock Hospitality Co COM 252784301   38,374,954 4,249,718 SH   DFND 1 4,249,718 0 0
Digital Realty Trust Inc COM 253868103   429,102,779 2,419,798 SH   DFND 1 2,419,798 0 0
DigitalBridge Group Inc COM 25401T603   1,872,480 166,000 SH   DFND 1 166,000 0 0
Douglas Emmett Inc COM 25960P109   18,750,426 1,010,260 SH   DFND 1 1,010,260 0 0
EastGroup Properties Inc COM 277276101   60,775,637 378,688 SH   DFND 1 378,688 0 0
Elme Communities COM 939653101   1,676,646 109,800 SH   DFND 1 109,800 0 0
Empire State Realty Trust COM 292104106   460,406 44,613 SH   DFND 1 44,613 0 0
Equinix Inc COM 29444U700   656,957,665 696,749 SH   DFND 1 696,749 0 0
Equity Lifestyle Properties COM 29472R108   7,238,554 108,687 SH   DFND 1 108,687 0 0
Equity Residential Properties COM 29476L107   263,243,164 3,668,383 SH   DFND 1 3,668,383 0 0
Essential Properties Realty COM 29670E107   705,771 22,563 SH   DFND 1 22,563 0 0
Essex Property Trust Inc COM 297178105   28,572,544 100,100 SH   DFND 1 100,100 0 0
Extra Space Storage Inc COM 30225T102   291,204,778 1,946,556 SH   DFND 1 1,946,556 0 0
Federal Realty Investment Trus COM 313745101   96,443,358 861,486 SH   DFND 1 861,486 0 0
First Industrial Realty Trust COM 32054K103   116,125,393 2,316,485 SH   DFND 1 2,316,485 0 0
Four Corners Property Trust COM 35086T109   588,015 21,666 SH   DFND 1 21,666 0 0
FrontView REIT Inc COM 35922N100   1,588,007 87,590 SH   DFND 1 87,590 0 0
Healthpeak Properties Inc COM 42250P103   184,453,128 9,099,809 SH   DFND 1 9,099,809 0 0
Host Hotels & Resorts Inc COM 44107P104   155,688,256 8,886,316 SH   DFND 1 8,886,316 0 0
Independence Realty Trust Inc COM 45378A106   1,567,360 79,000 SH   DFND 1 79,000 0 0
InvenTrust Properties Corp COM 46124J201   21,325,893 707,796 SH   DFND 1 707,796 0 0
Invitation Homes Inc COM 46187W107   339,705,323 10,625,753 SH   DFND 1 10,625,753 0 0
Iron Mountain Inc COM 46284V101   145,746,787 1,386,612 SH   DFND 1 1,386,612 0 0
Jones Lang LaSalle Inc COM 48020Q107   303,768 1,200 SH   DFND 1 1,200 0 0
Kilroy Realty Corporation COM 49427F108   43,574,075 1,077,233 SH   DFND 1 1,077,233 0 0
Kimco Realty Corp COM 49446R109   160,047,073 6,830,861 SH   DFND 1 6,830,861 0 0
Kite Realty Group Trust COM 49803T300   50,982,276 2,019,900 SH   DFND 1 2,019,900 0 0
Lamar Advertising Company COM 512816109   57,877,631 475,420 SH   DFND 1 475,420 0 0
Lineage Inc COM 53566V106   60,106,350 1,026,231 SH   DFND 1 1,026,231 0 0
LXP Industrial Trust COM 529043101   2,880,976 354,800 SH   DFND 1 354,800 0 0
Macerich Company COM 554382101   32,997,360 1,656,494 SH   DFND 1 1,656,494 0 0
Mid-America Apartment Communit COM 59522J103   18,339,731 118,650 SH   DFND 1 118,650 0 0
National Health Investors COM 63633D104   21,756,527 313,947 SH   DFND 1 313,947 0 0
NetSTREIT Corp COM 64119V303   21,483,393 1,518,261 SH   DFND 1 1,518,261 0 0
NEXTERA ENERGY INC COM 65339F101   996,491 13,900 SH   DFND 1 13,900 0 0
NNN REIT COM 637417106   90,439,041 2,213,930 SH   DFND 1 2,213,930 0 0
Omega Healthcare Investors Inc COM 681936100   82,408,345 2,177,235 SH   DFND 1 2,177,235 0 0
Pebblebrook Hotel Trust COM 70509V100   20,490,269 1,512,197 SH   DFND 1 1,512,197 0 0
Prologis Trust COM 74340W103   562,590,681 5,322,523 SH   DFND 1 5,322,523 0 0
Public Storage Inc COM 74460D109   188,330,991 628,944 SH   DFND 1 628,944 0 0
Realty Income Corp COM 756109104   166,149,270 3,110,827 SH   DFND 1 3,110,827 0 0
Regency Centers Corp COM 758849103   34,150,115 461,925 SH   DFND 1 461,925 0 0
Rexford Industrial Realty COM 76169C100   144,058,603 3,726,296 SH   DFND 1 3,726,296 0 0
Ryman Hospitality Properties COM 78377T107   6,863,485 65,780 SH   DFND 1 65,780 0 0
SBA Communications Corp COM 78410G104   38,578,729 189,297 SH   DFND 1 189,297 0 0
Simon Property Group Inc COM 828806109   228,989,531 1,329,711 SH   DFND 1 1,329,711 0 0
STAG Industrial COM 85254J102   4,930,956 145,800 SH   DFND 1 145,800 0 0
Sun Communities Inc COM 866674104   155,303,486 1,262,938 SH   DFND 1 1,262,938 0 0
Sunstone Hotel Investors Inc COM 867892101   12,376,494 1,045,312 SH   DFND 1 1,045,312 0 0
Terreno Realty Corp COM 88146M101   3,619,368 61,200 SH   DFND 1 61,200 0 0
UDR Inc COM 902653104   319,488,788 7,359,797 SH   DFND 1 7,359,797 0 0
Ventas Inc COM 92276F100   334,643,956 5,682,526 SH   DFND 1 5,682,526 0 0
VICI Properties Inc COM 925652109   185,498,894 6,350,527 SH   DFND 1 6,350,527 0 0
Vornado Realty Trust COM 929042109   65,871,215 1,566,870 SH   DFND 1 1,566,870 0 0
Welltower Inc COM 95040Q104   510,764,428 4,052,721 SH   DFND 1 4,052,721 0 0
Weyerhaeuser Co COM 962166104   12,025,933 427,209 SH   DFND 1 427,209 0 0
Agree Realty Corp COM 008492100   20,252,262 287,470 SH   DFND 2 287,470 0 0
Alexandria Real Estate Equitie COM 015271109   9,327,731 95,620 SH   DFND 2 95,620 0 0
American Healthcare REIT Inc COM 398182303   14,208,579 499,950 SH   DFND 2 499,950 0 0
Americold Realty Trust Inc COM 03064D108   11,688,252 546,180 SH   DFND 2 546,180 0 0
Brixmor Property Group Inc COM 11120U105   28,760,390 1,033,060 SH   DFND 2 1,033,060 0 0
Broadstone Net Lease Inc COM 11135E203   10,963,717 691,281 SH   DFND 2 691,281 0 0
BXP Inc COM 101121101   22,645,594 304,540 SH   DFND 2 304,540 0 0
Camden Property Trust COM 133131102   39,142,613 337,320 SH   DFND 2 337,320 0 0
Cousins Properties Inc COM 222795502   22,380,069 730,420 SH   DFND 2 730,420 0 0
Cubesmart COM 229663109   11,110,577 259,290 SH   DFND 2 259,290 0 0
DiamondRock Hospitality Co COM 252784301   7,527,814 833,645 SH   DFND 2 833,645 0 0
Digital Realty Trust Inc COM 253868103   71,247,647 401,780 SH   DFND 2 401,780 0 0
Douglas Emmett Inc COM 25960P109   4,542,746 244,760 SH   DFND 2 244,760 0 0
EastGroup Properties Inc COM 277276101   11,964,209 74,548 SH   DFND 2 74,548 0 0
Equinix Inc COM 29444U700   110,836,720 117,550 SH   DFND 2 117,550 0 0
Equity Residential Properties COM 29476L107   44,956,922 626,490 SH   DFND 2 626,490 0 0
Extra Space Storage Inc COM 30225T102   49,053,840 327,900 SH   DFND 2 327,900 0 0
Federal Realty Investment Trus COM 313745101   15,278,936 136,480 SH   DFND 2 136,480 0 0
First Industrial Realty Trust COM 32054K103   13,017,257 259,670 SH   DFND 2 259,670 0 0
Healthpeak Properties Inc COM 42250P103   31,970,047 1,577,210 SH   DFND 2 1,577,210 0 0
Host Hotels & Resorts Inc COM 44107P104   27,148,291 1,549,560 SH   DFND 2 1,549,560 0 0
InvenTrust Properties Corp COM 46124J201   5,207,579 172,837 SH   DFND 2 172,837 0 0
Invitation Homes Inc COM 46187W107   52,744,745 1,649,820 SH   DFND 2 1,649,820 0 0
Iron Mountain Inc COM 46284V101   26,401,530 251,180 SH   DFND 2 251,180 0 0
Kilroy Realty Corporation COM 49427F108   6,709,967 165,883 SH   DFND 2 165,883 0 0
Kimco Realty Corp COM 49446R109   24,024,888 1,025,390 SH   DFND 2 1,025,390 0 0
Kite Realty Group Trust COM 49803T300   13,126,819 520,080 SH   DFND 2 520,080 0 0
Lamar Advertising Company COM 512816109   15,190,717 124,780 SH   DFND 2 124,780 0 0
Lineage Inc COM 53566V106   10,850,678 185,260 SH   DFND 2 185,260 0 0
Macerich Company COM 554382101   7,150,164 358,944 SH   DFND 2 358,944 0 0
National Health Investors COM 63633D104   5,577,680 80,486 SH   DFND 2 80,486 0 0
NetSTREIT Corp COM 64119V303   5,818,890 411,229 SH   DFND 2 411,229 0 0
NNN REIT COM 637417106   15,971,329 390,975 SH   DFND 2 390,975 0 0
Omega Healthcare Investors Inc COM 681936100   14,123,349 373,140 SH   DFND 2 373,140 0 0
Pebblebrook Hotel Trust COM 70509V100   3,586,685 264,700 SH   DFND 2 264,700 0 0
Prologis Trust COM 74340W103   87,350,480 826,400 SH   DFND 2 826,400 0 0
Public Storage Inc COM 74460D109   33,019,249 110,270 SH   DFND 2 110,270 0 0
Realty Income Corp COM 756109104   34,201,628 640,360 SH   DFND 2 640,360 0 0
Rexford Industrial Realty COM 76169C100   21,324,856 551,600 SH   DFND 2 551,600 0 0
Simon Property Group Inc COM 828806109   44,137,423 256,300 SH   DFND 2 256,300 0 0
Sun Communities Inc COM 866674104   26,654,977 216,760 SH   DFND 2 216,760 0 0
Sunstone Hotel Investors Inc COM 867892101   3,276,483 276,730 SH   DFND 2 276,730 0 0
UDR Inc COM 902653104   54,366,684 1,252,400 SH   DFND 2 1,252,400 0 0
Ventas Inc COM 92276F100   49,171,972 834,980 SH   DFND 2 834,980 0 0
VICI Properties Inc COM 925652109   39,518,501 1,352,910 SH   DFND 2 1,352,910 0 0
Vornado Realty Trust COM 929042109   12,149,980 289,010 SH   DFND 2 289,010 0 0
Welltower Inc COM 95040Q104   80,281,110 637,000 SH   DFND 2 637,000 0 0
Agree Realty Corp COM 008492100   3,647,901 51,780 SH   DFND 3 51,780 0 0
American Healthcare REIT Inc COM 398182303   3,164,567 111,350 SH   DFND 3 111,350 0 0
American Tower Corp COM 03027X100   2,347,648 12,800 SH   DFND 3 12,800 0 0
Americold Realty Trust Inc COM 03064D108   2,092,492 97,780 SH   DFND 3 97,780 0 0
Brixmor Property Group Inc COM 11120U105   5,811,322 208,740 SH   DFND 3 208,740 0 0
Broadstone Net Lease Inc COM 11135E203   1,719,700 108,430 SH   DFND 3 108,430 0 0
BXP Inc COM 101121101   4,057,825 54,570 SH   DFND 3 54,570 0 0
Camden Property Trust COM 133131102   6,804,702 58,641 SH   DFND 3 58,641 0 0
Corp Inmobiliaria Vesta SAB COM 92540K109   1,218,816 47,610 SH   DFND 3 47,610 0 0
Cousins Properties Inc COM 222795502   4,410,628 143,950 SH   DFND 3 143,950 0 0
Cubesmart COM 229663109   2,531,578 59,080 SH   DFND 3 59,080 0 0
DiamondRock Hospitality Co COM 252784301   946,416 104,808 SH   DFND 3 104,808 0 0
Digital Realty Trust Inc COM 253868103   11,854,511 66,850 SH   DFND 3 66,850 0 0
EastGroup Properties Inc COM 277276101   824,758 5,139 SH   DFND 3 5,139 0 0
Equinix Inc COM 29444U700   19,288,701 20,457 SH   DFND 3 20,457 0 0
Equity Residential Properties COM 29476L107   6,070,178 84,590 SH   DFND 3 84,590 0 0
Extra Space Storage Inc COM 30225T102   8,899,704 59,490 SH   DFND 3 59,490 0 0
Federal Realty Investment Trus COM 313745101   2,561,416 22,880 SH   DFND 3 22,880 0 0
First Industrial Realty Trust COM 32054K103   2,499,482 49,860 SH   DFND 3 49,860 0 0
Healthpeak Properties Inc COM 42250P103   5,587,466 275,652 SH   DFND 3 275,652 0 0
Host Hotels & Resorts Inc COM 44107P104   5,439,434 310,470 SH   DFND 3 310,470 0 0
Invitation Homes Inc COM 46187W107   10,047,212 314,270 SH   DFND 3 314,270 0 0
Iron Mountain Inc COM 46284V101   3,730,354 35,490 SH   DFND 3 35,490 0 0
Kilroy Realty Corporation COM 49427F108   1,010,239 24,975 SH   DFND 3 24,975 0 0
Kimco Realty Corp COM 49446R109   4,667,725 199,220 SH   DFND 3 199,220 0 0
Kite Realty Group Trust COM 49803T300   294,046 11,650 SH   DFND 3 11,650 0 0
Lamar Advertising Company COM 512816109   342,089 2,810 SH   DFND 3 2,810 0 0
Lineage Inc COM 53566V106   2,270,173 38,760 SH   DFND 3 38,760 0 0
NNN REIT COM 637417106   3,252,314 79,616 SH   DFND 3 79,616 0 0
Omega Healthcare Investors Inc COM 681936100   2,919,749 77,140 SH   DFND 3 77,140 0 0
Pebblebrook Hotel Trust COM 70509V100   692,947 51,140 SH   DFND 3 51,140 0 0
Prologis Trust COM 74340W103   13,121,598 124,140 SH   DFND 3 124,140 0 0
Public Storage Inc COM 74460D109   3,224,969 10,770 SH   DFND 3 10,770 0 0
Realty Income Corp COM 756109104   4,529,649 84,809 SH   DFND 3 84,809 0 0
Rexford Industrial Realty COM 76169C100   4,129,275 106,810 SH   DFND 3 106,810 0 0
SBA Communications Corp COM 78410G104   709,224 3,480 SH   DFND 3 3,480 0 0
Simon Property Group Inc COM 828806109   6,111,733 35,490 SH   DFND 3 35,490 0 0
Sun Communities Inc COM 866674104   4,386,340 35,670 SH   DFND 3 35,670 0 0
UDR Inc COM 902653104   8,570,870 197,440 SH   DFND 3 197,440 0 0
Ventas Inc COM 92276F100   9,372,344 159,150 SH   DFND 3 159,150 0 0
VICI Properties Inc COM 925652109   6,202,451 212,340 SH   DFND 3 212,340 0 0
Vornado Realty Trust COM 929042109   2,250,822 53,540 SH   DFND 3 53,540 0 0
Welltower Inc COM 95040Q104   13,074,352 103,740 SH   DFND 3 103,740 0 0
Weyerhaeuser Co COM 962166104   431,821 15,340 SH   DFND 3 15,340 0 0
Agree Realty Corp COM 008492100   3,271,698 46,440 SH   DFND 4 46,440 0 0
American Healthcare REIT Inc COM 398182303   2,934,933 103,270 SH   DFND 4 103,270 0 0
Americold Realty Trust Inc COM 03064D108   1,994,908 93,220 SH   DFND 4 93,220 0 0
Brixmor Property Group Inc COM 11120U105   5,838,048 209,700 SH   DFND 4 209,700 0 0
Broadstone Net Lease Inc COM 11135E203   1,655,625 104,390 SH   DFND 4 104,390 0 0
BXP Inc COM 101121101   3,720,231 50,030 SH   DFND 4 50,030 0 0
Camden Property Trust COM 133131102   6,645,611 57,270 SH   DFND 4 57,270 0 0
Corp Inmobiliaria Vesta SAB COM 92540K109   1,337,856 52,260 SH   DFND 4 52,260 0 0
Cousins Properties Inc COM 222795502   4,158,461 135,720 SH   DFND 4 135,720 0 0
Cubesmart COM 229663109   2,544,433 59,380 SH   DFND 4 59,380 0 0
DiamondRock Hospitality Co COM 252784301   864,632 95,751 SH   DFND 4 95,751 0 0
Digital Realty Trust Inc COM 253868103   11,460,838 64,630 SH   DFND 4 64,630 0 0
EastGroup Properties Inc COM 277276101   506,827 3,158 SH   DFND 4 3,158 0 0
Equinix Inc COM 29444U700   18,320,353 19,430 SH   DFND 4 19,430 0 0
Equity Residential Properties COM 29476L107   5,638,183 78,570 SH   DFND 4 78,570 0 0
Extra Space Storage Inc COM 30225T102   8,799,472 58,820 SH   DFND 4 58,820 0 0
Federal Realty Investment Trus COM 313745101   2,369,982 21,170 SH   DFND 4 21,170 0 0
First Industrial Realty Trust COM 32054K103   2,433,812 48,550 SH   DFND 4 48,550 0 0
Healthpeak Properties Inc COM 42250P103   5,327,868 262,845 SH   DFND 4 262,845 0 0
Host Hotels & Resorts Inc COM 44107P104   5,357,791 305,810 SH   DFND 4 305,810 0 0
Invitation Homes Inc COM 46187W107   9,868,819 308,690 SH   DFND 4 308,690 0 0
Iron Mountain Inc COM 46284V101   3,465,477 32,970 SH   DFND 4 32,970 0 0
Kilroy Realty Corporation COM 49427F108   879,788 21,750 SH   DFND 4 21,750 0 0
Kimco Realty Corp COM 49446R109   4,955,445 211,500 SH   DFND 4 211,500 0 0
Lineage Inc COM 53566V106   2,246,160 38,350 SH   DFND 4 38,350 0 0
NNN REIT COM 637417106   3,242,591 79,378 SH   DFND 4 79,378 0 0
Omega Healthcare Investors Inc COM 681936100   2,942,838 77,750 SH   DFND 4 77,750 0 0
Pebblebrook Hotel Trust COM 70509V100   694,980 51,290 SH   DFND 4 51,290 0 0
Prologis Trust COM 74340W103   12,469,429 117,970 SH   DFND 4 117,970 0 0
Public Storage Inc COM 74460D109   2,844,680 9,500 SH   DFND 4 9,500 0 0
Realty Income Corp COM 756109104   4,234,719 79,287 SH   DFND 4 79,287 0 0
Rexford Industrial Realty COM 76169C100   4,154,404 107,460 SH   DFND 4 107,460 0 0
Simon Property Group Inc COM 828806109   5,829,309 33,850 SH   DFND 4 33,850 0 0
Sun Communities Inc COM 866674104   4,286,734 34,860 SH   DFND 4 34,860 0 0
UDR Inc COM 902653104   7,969,208 183,580 SH   DFND 4 183,580 0 0
Ventas Inc COM 92276F100   9,149,739 155,370 SH   DFND 4 155,370 0 0
VICI Properties Inc COM 925652109   5,964,974 204,210 SH   DFND 4 204,210 0 0
Vornado Realty Trust COM 929042109   2,260,070 53,760 SH   DFND 4 53,760 0 0
Welltower Inc COM 95040Q104   12,722,729 100,950 SH   DFND 4 100,950 0 0