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
AGNC INVT CORP COM 00123Q104   2,358,972 238,280 SH   SOLE   238,280 0 0
AMERICAN HOMES 4 RENT CL A 02665T306   2,304,010 62,643 SH   SOLE   62,643 0 0
AMERICOLD REALTY TRUST INC COM 03064D108   50,326,961 2,019,541 SH   SOLE   2,019,541 0 0
AVALONBAY CMNTYS INC COM 053484101   42,322,896 228,082 SH   SOLE   228,082 0 0
BOSTON PROPERTIES INC COM 101121101   16,065,804 245,993 SH   SOLE   245,993 0 0
CAMDEN PPTY TR SH BEN INT 133131102   19,284,234 195,978 SH   SOLE   195,978 0 0
CARETRUST REIT INC COM 14174T107   29,181,565 1,197,438 SH   SOLE   1,197,438 0 0
DIGITAL RLTY TR INC COM 253868103   3,027,433 21,018 SH   SOLE   21,018 0 0
DIGITALBRIDGE GROUP INC CL A NEW 25401T603   33,954,183 1,762,023 SH   SOLE   1,762,023 0 0
EASTGROUP PPTYS INC COM 277276101   1,189,358 6,616 SH   SOLE   6,616 0 0
EQUINIX INC COM 29444U700   1,984,919 2,405 SH   SOLE   2,405 0 0
ESSENTIAL PPTYS RLTY TR INC COM 29670E107   39,948,997 1,498,462 SH   SOLE   1,498,462 0 0
HIGHWOODS PPTYS INC COM 431284108   54,942,212 2,098,633 SH   SOLE   2,098,633 0 0
HOST HOTELS & RESORTS INC COM 44107P104   26,243,789 1,269,042 SH   SOLE   1,269,042 0 0
INDEPENDENCE RLTY TR INC COM 45378A106   33,442,556 2,073,314 SH   SOLE   2,073,314 0 0
KIMCO RLTY CORP COM 49446R109   1,167,854 59,554 SH   SOLE   59,554 0 0
MARRIOTT VACATIONS WORLDWIDE COM 57164Y107   29,079,021 269,925 SH   SOLE   269,925 0 0
PHILLIPS EDISON & CO INC COMMON STOCK 71844V201   37,503,520 1,045,540 SH   SOLE   1,045,540 0 0
PUBLIC STORAGE COM 74460D109   37,221,659 128,324 SH   SOLE   128,324 0 0
REALTY INCOME CORP COM 756109104   1,797,310 33,222 SH   SOLE   33,222 0 0
RLJ LODGING TR COM 74965L101   25,267,685 2,137,706 SH   SOLE   2,137,706 0 0
SABRA HEALTH CARE REIT INC COM 78573L106   1,270,988 86,052 SH   SOLE   86,052 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104   45,840,719 211,540 SH   SOLE   211,540 0 0
STAG INDL INC COM 85254J102   25,587,856 665,657 SH   SOLE   665,657 0 0
SUN CMNTYS INC COM 866674104   1,594,392 12,400 SH   SOLE   12,400 0 0
TANGER INC COM 875465106   43,813,366 1,483,690 SH   SOLE   1,483,690 0 0
VICI PPTYS INC COM 925652109   34,174,999 1,147,197 SH   SOLE   1,147,197 0 0
WELLTOWER INC COM 95040Q104   27,187,676 290,964 SH   SOLE   290,964 0 0
WEST FRASER TIMBER CO LTD COM 952845105   52,214,436 604,124 SH   SOLE   604,124 0 0
WYNDHAM HOTELS & RESORTS INC COM 98311A105   24,723,479 322,130 SH   SOLE   322,130 0 0