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 3,224 15,300 SH   SOLE 0 0 0 15,300
AETNA INC COMMON STOCK 00817Y108 2,840 14,000 SH   SOLE 0 0 0 14,000
AFLAC INC COMMON STOCK 001055102 2,161 45,900 SH   SOLE 0 0 0 45,900
AGNC INVESTMENT CORP COMMON STOCK 00123Q104 1,807 97,000 SH   SOLE 0 0 0 97,000
ALEXANDRIA REAL ESTATE EQUIT COMMON STOCK 015271109 1,076 8,550 SH   SOLE 0 0 0 8,550
ALLSTATE CORP COMMON STOCK 020002101 2,181 22,100 SH   SOLE 0 0 0 22,100
ALTRIA GROUP INC COMMON STOCK 02209S103 2,810 46,600 SH   SOLE 0 0 0 46,600
AMERICAN CAMPUS COMMUNITIES COMMON STOCK 024835100 1,029 25,000 SH   SOLE 0 0 0 25,000
AMERICAN FINANCIAL GROUP INC COMMON STOCK 025932104 1,554 14,000 SH   SOLE 0 0 0 14,000
AMERICAN HOMES 4 RENT- A COMMON STOCK 02665T306 547 25,000 SH   SOLE 0 0 0 25,000
AMERIPRISE FINANCIAL INC COMMON STOCK 03076C106 1,964 13,300 SH   SOLE 0 0 0 13,300
ANNALY CAPITAL MANAGEMENT IN COMMON STOCK 035710409 1,708 167,000 SH   SOLE 0 0 0 167,000
APARTMENT INVT and MGMT CO -A COMMON STOCK 03748R101 1,081 24,500 SH   SOLE 0 0 0 24,500
APPLE INC COMMON STOCK 037833100 9,459 41,900 SH   SOLE 0 0 0 41,900
APPLIED MATERIALS INC COMMON STOCK 038222105 1,909 49,400 SH   SOLE 0 0 0 49,400
ARMADA HOFFLER PROPERTIES IN COMMON STOCK 04208T108 394 26,101 SH   SOLE 0 0 0 26,101
AUTOMATIC DATA PROCESSING COMMON STOCK 053015103 3,089 20,500 SH   SOLE 0 0 0 20,500
AUTOZONE INC COMMON STOCK 053332102 2,250 2,900 SH   SOLE 0 0 0 2,900
AVALONBAY COMMUNITIES INC COMMON STOCK 053484101 2,229 12,302 SH   SOLE 0 0 0 12,302
AVERY DENNISON CORP COMMON STOCK 053611109 1,939 17,900 SH   SOLE 0 0 0 17,900
BEST BUY CO INC COMMON STOCK 086516101 1,897 23,900 SH   SOLE 0 0 0 23,900
BIOGEN INC COMMON STOCK 09062X103 2,509 7,100 SH   SOLE 0 0 0 7,100
BOOKING HOLDINGS INC COMMON STOCK 741503403 2,579 1,300 SH   SOLE 0 0 0 1,300
BOSTON PROPERTIES INC COMMON STOCK 101121101 716 5,814 SH   SOLE 0 0 0 5,814
BRANDYWINE REALTY TRUST COMMON STOCK 105368203 935 59,500 SH   SOLE 0 0 0 59,500
BRISTOL-MYERS SQUIBB CO COMMON STOCK 110122108 2,918 47,000 SH   SOLE 0 0 0 47,000
BRIXMOR PROPERTY GROUP INC COMMON STOCK 11120U105 730 41,711 SH   SOLE 0 0 0 41,711
BROADRIDGE FINANCIAL SOLUTIO COMMON STOCK 11133T103 1,412 10,700 SH   SOLE 0 0 0 10,700
BROOKFIELD PROPERTY PARTNERS COMMON STOCK 000000000 228 10,904 SH   SOLE 0 0 0 10,904
CAMDEN PROPERTY TRUST COMMON STOCK 133131102 1,332 14,231 SH   SOLE 0 0 0 14,231
CBL and ASSOCIATES PROPERTIES COMMON STOCK 124830100 128 32,000 SH   SOLE 0 0 0 32,000
CBS CORP-CLASS B NON VOTING COMMON STOCK 124857202 1,838 32,000 SH   SOLE 0 0 0 32,000
CDK GLOBAL INC COMMON STOCK 12508E101 1,827 29,200 SH   SOLE 0 0 0 29,200
CDW CORP/DE COMMON STOCK 12514G108 1,689 19,000 SH   SOLE 0 0 0 19,000
CELGENE CORP COMMON STOCK 151020104 2,416 27,000 SH   SOLE 0 0 0 27,000
CENTERPOINT ENERGY INC COMMON STOCK 15189T107 1,714 62,000 SH   SOLE 0 0 0 62,000
CHATHAM LODGING TRUST COMMON STOCK 16208T102 460 22,000 SH   SOLE 0 0 0 22,000
CHESAPEAKE LODGING TRUST COMMON STOCK 165240102 465 14,500 SH   SOLE 0 0 0 14,500
CIGNA CORP COMMON STOCK 125509109 2,541 12,200 SH   SOLE 0 0 0 12,200
CINTAS CORP COMMON STOCK 172908105 1,721 8,700 SH   SOLE 0 0 0 8,700
CISCO SYSTEMS INC COMMON STOCK 17275R102 4,719 97,000 SH   SOLE 0 0 0 97,000
CITRIX SYSTEMS INC COMMON STOCK 177376100 1,779 16,000 SH   SOLE 0 0 0 16,000
CLOROX COMPANY COMMON STOCK 189054109 2,015 13,400 SH   SOLE 0 0 0 13,400
COGNIZANT TECH SOLUTIONS-A COMMON STOCK 192446102 2,091 27,100 SH   SOLE 0 0 0 27,100
COLGATE-PALMOLIVE CO COMMON STOCK 194162103 2,624 39,200 SH   SOLE 0 0 0 39,200
COLUMBIA PROPERTY TRUST INC COMMON STOCK 198287203 827 35,000 SH   SOLE 0 0 0 35,000
CORPORATE OFFICE PROPERTIES COMMON STOCK 22002T108 761 25,500 SH   SOLE 0 0 0 25,500
COUSINS PROPERTIES INC COMMON STOCK 222795106 525 59,000 SH   SOLE 0 0 0 59,000
CSX CORP COMMON STOCK 126408103 2,444 33,000 SH   SOLE 0 0 0 33,000
CUBESMART COMMON STOCK 229663109 713 25,000 SH   SOLE 0 0 0 25,000
CYRUSONE INC COMMON STOCK 23283R100 805 12,700 SH   SOLE 0 0 0 12,700
Colony Capital Inc COMMON STOCK 19625W104 897 147,286 SH   SOLE 0 0 0 147,286
DDR RG COMMON STOCK 23317H854 495 37,000 SH   SOLE 0 0 0 37,000
DIAMONDROCK HOSPITALITY CO COMMON STOCK 252784301 665 57,000 SH   SOLE 0 0 0 57,000
DIGITAL REALTY TRUST INC COMMON STOCK 253868103 1,681 14,947 SH   SOLE 0 0 0 14,947
DOLLAR GENERAL CORP COMMON STOCK 256677105 2,481 22,700 SH   SOLE 0 0 0 22,700
DOMINION ENERGY INC COMMON STOCK 25746U109 2,460 35,000 SH   SOLE 0 0 0 35,000
DUKE ENERGY CORP COMMON STOCK 26441C204 2,377 29,700 SH   SOLE 0 0 0 29,700
DUKE REALTY CORP COMMON STOCK 264411505 446 15,707 SH   SOLE 0 0 0 15,707
EASTGROUP PROPERTIES INC COMMON STOCK 277276101 777 8,122 SH   SOLE 0 0 0 8,122
EATON VANCE CORP COMMON STOCK 278265103 1,734 33,000 SH   SOLE 0 0 0 33,000
ELI LILLY and CO COMMON STOCK 532457108 3,112 29,000 SH   SOLE 0 0 0 29,000
EMERSON ELECTRIC CO COMMON STOCK 291011104 2,405 31,400 SH   SOLE 0 0 0 31,400
EMPIRE STATE REALTY TRUST-A COMMON STOCK 292104106 282 17,000 SH   SOLE 0 0 0 17,000
ENTERGY CORP COMMON STOCK 29364G103 1,704 21,000 SH   SOLE 0 0 0 21,000
EPR PROPERTIES COMMON STOCK 26884U109 1,368 20,000 SH   SOLE 0 0 0 20,000
EQUITY RESIDENTIAL COMMON STOCK 29476L107 1,918 28,953 SH   SOLE 0 0 0 28,953
ESSEX PROPERTY TRUST INC COMMON STOCK 297178105 740 3,000 SH   SOLE 0 0 0 3,000
ESTEE LAUDER COMPANIES-CL A COMMON STOCK 518439104 1,991 13,700 SH   SOLE 0 0 0 13,700
EXELON CORP COMMON STOCK 30161N101 2,139 49,000 SH   SOLE 0 0 0 49,000
EXPEDITORS INTL WASH INC COMMON STOCK 302130109 1,676 22,800 SH   SOLE 0 0 0 22,800
EXXON MOBIL CORP COMMON STOCK 30231G102 6,377 75,000 SH   SOLE 0 0 0 75,000
F5 NETWORKS INC COMMON STOCK 315616102 2,253 11,300 SH   SOLE 0 0 0 11,300
FARMLAND PARTNERS INC COMMON STOCK 31154R109 114 17,000 SH   SOLE 0 0 0 17,000
FEDEX CORP COMMON STOCK 31428X106 2,263 9,400 SH   SOLE 0 0 0 9,400
FISERV INC COMMON STOCK 337738108 2,298 27,900 SH   SOLE 0 0 0 27,900
FOREST CITY REALTY TRUST- A COMMON STOCK 345605109 1,104 44,000 SH   SOLE 0 0 0 44,000
FORTUNE BRANDS HOME and SECURI COMMON STOCK 34964C106 1,550 29,600 SH   SOLE 0 0 0 29,600
FRANKLIN STREET PROPERTIES C COMMON STOCK 35471R106 160 20,000 SH   SOLE 0 0 0 20,000
GAMING AND LEISURE PROPERTIE COMMON STOCK 36467J108 1,005 28,500 SH   SOLE 0 0 0 28,500
GAP INC/THE COMMON STOCK 364760108 1,766 61,200 SH   SOLE 0 0 0 61,200
GLOBAL NET LEASE INC COMMON STOCK 379378201 730 34,992 SH   SOLE 0 0 0 34,992
GRAMERCY PROPERTY TRUST COMMON STOCK 385002308 1,116 40,666 SH   SOLE 0 0 0 40,666
HCP INC COMMON STOCK 40414L109 1,000 38,007 SH   SOLE 0 0 0 38,007
HEALTHCARE REALTY TRUST INC COMMON STOCK 421946104 119 4,082 SH   SOLE 0 0 0 4,082
HERSHA HOSPITALITY TRUST COMMON STOCK 427825500 181 8,000 SH   SOLE 0 0 0 8,000
HERSHEY CO/THE COMMON STOCK 427866108 2,050 20,100 SH   SOLE 0 0 0 20,100
HIGHWOODS PROPERTIES INC COMMON STOCK 431284108 680 14,398 SH   SOLE 0 0 0 14,398
HOME DEPOT INC COMMON STOCK 437076102 4,640 22,400 SH   SOLE 0 0 0 22,400
HOSPITALITY PROPERTIES TRUST COMMON STOCK 44106M102 786 27,266 SH   SOLE 0 0 0 27,266
HOST HOTELS and RESORTS INC COMMON STOCK 44107P104 1,632 77,343 SH   SOLE 0 0 0 77,343
HP INC COMMON STOCK 40434L105 2,216 86,000 SH   SOLE 0 0 0 86,000
HUDSON PACIFIC PROPERTIES IN COMMON STOCK 444097109 834 25,500 SH   SOLE 0 0 0 25,500
HUMANA INC COMMON STOCK 444859102 2,607 7,700 SH   SOLE 0 0 0 7,700
HUNT (JB) TRANSPRT SVCS INC COMMON STOCK 445658107 1,701 14,300 SH   SOLE 0 0 0 14,300
ILLINOIS TOOL WORKS COMMON STOCK 452308109 2,145 15,200 SH   SOLE 0 0 0 15,200
INDUSTRIAL LOGISTICS PROPERT COMMON STOCK 456237106 690 30,000 SH   SOLE 0 0 0 30,000
INFRAREIT INC COMMON STOCK 45685L100 523 24,720 SH   SOLE 0 0 0 24,720
INGERSOLL-RAND PLC COMMON STOCK 000000000 2,128 20,800 SH   SOLE 0 0 0 20,800
INTL BUSINESS MACHINES CORP COMMON STOCK 459200101 3,523 23,300 SH   SOLE 0 0 0 23,300
INTUIT INC COMMON STOCK 461202103 2,297 10,100 SH   SOLE 0 0 0 10,100
INVITATION HOMES INC COMMON STOCK 46187W107 222 9,684 SH   SOLE 0 0 0 9,684
IRON MOUNTAIN INC COMMON STOCK 46284V101 1,156 33,500 SH   SOLE 0 0 0 33,500
JBG SMITH PROPERTIES COMMON STOCK 46590V100 409 11,118 SH   SOLE 0 0 0 11,118
KENNEDY-WILSON HOLDINGS INC COMMON STOCK 489398107 505 23,509 SH   SOLE 0 0 0 23,509
KILROY REALTY CORP COMMON STOCK 49427F108 287 4,000 SH   SOLE 0 0 0 4,000
KIMBERLY-CLARK CORP COMMON STOCK 494368103 2,375 20,900 SH   SOLE 0 0 0 20,900
KIMCO REALTY CORP COMMON STOCK 49446R109 340 20,295 SH   SOLE 0 0 0 20,295
KITE REALTY GROUP TRUST COMMON STOCK 49803T300 756 45,400 SH   SOLE 0 0 0 45,400
LASALLE HOTEL PROPERTIES COMMON STOCK 517942108 841 24,300 SH   SOLE 0 0 0 24,300
LENNOX INTERNATIONAL INC COMMON STOCK 526107107 1,987 9,100 SH   SOLE 0 0 0 9,100
LIBERTY PROPERTY TRUST COMMON STOCK 531172104 1,182 27,984 SH   SOLE 0 0 0 27,984
LOEWS CORP COMMON STOCK 540424108 2,095 41,700 SH   SOLE 0 0 0 41,700
LOWE'S COS INC COMMON STOCK 548661107 2,905 25,300 SH   SOLE 0 0 0 25,300
Life Storage Inc COMMON STOCK 53223X107 809 8,500 SH   SOLE 0 0 0 8,500
MACERICH CO/THE COMMON STOCK 554382101 457 8,266 SH   SOLE 0 0 0 8,266
MACK-CALI REALTY CORP COMMON STOCK 554489104 595 28,000 SH   SOLE 0 0 0 28,000
MARSH and MCLENNAN COS COMMON STOCK 571748102 2,002 24,200 SH   SOLE 0 0 0 24,200
MASCO CORP COMMON STOCK 574599106 1,801 49,200 SH   SOLE 0 0 0 49,200
MASTERCARD INC - A COMMON STOCK 57636Q104 4,653 20,900 SH   SOLE 0 0 0 20,900
MEDICAL PROPERTIES TRUST INC COMMON STOCK 58463J304 924 62,000 SH   SOLE 0 0 0 62,000
METTLER-TOLEDO INTERNATIONAL COMMON STOCK 592688105 1,991 3,270 SH   SOLE 0 0 0 3,270
MICROSOFT CORP COMMON STOCK 594918104 9,401 82,200 SH   SOLE 0 0 0 82,200
MID-AMERICA APARTMENT COMM COMMON STOCK 59522J103 1,703 17,000 SH   SOLE 0 0 0 17,000
MID-AMERICA APARTMENT COMM COMMON STOCK 59522J103 1,558 15,550 SH   SOLE 0 0 0 15,550
MONDELEZ INTERNATIONAL INC-A COMMON STOCK 609207105 2,406 56,000 SH   SOLE 0 0 0 56,000
MONMOUTH REAL ESTATE INV COR COMMON STOCK 609720107 669 40,000 SH   SOLE 0 0 0 40,000
MOODY'S CORP COMMON STOCK 615369105 2,023 12,100 SH   SOLE 0 0 0 12,100
MOTOROLA SOLUTIONS INC COMMON STOCK 620076307 2,343 18,000 SH   SOLE 0 0 0 18,000
MSCI INC COMMON STOCK 55354G100 2,093 11,800 SH   SOLE 0 0 0 11,800
NATIONAL RETAIL PROPERTIES COMMON STOCK 637417106 1,658 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
NEW SENIOR INVESTMENT GROUP COMMON STOCK 648691103 247 41,863 SH   SOLE 0 0 0 41,863
NEW YORK REIT INC COMMON STOCK 64976L208 40 2,200 SH   SOLE 0 0 0 2,200
O'REILLY AUTOMOTIVE INC COMMON STOCK 67103H107 2,292 6,600 SH   SOLE 0 0 0 6,600
OGE ENERGY CORP COMMON STOCK 670837103 2,034 56,000 SH   SOLE 0 0 0 56,000
PAYCHEX INC COMMON STOCK 704326107 1,900 25,800 SH   SOLE 0 0 0 25,800
PEOPLE'S UNITED FINANCIAL COMMON STOCK 712704105 1,541 90,000 SH   SOLE 0 0 0 90,000
PEPSICO INC COMMON STOCK 713448108 3,879 34,700 SH   SOLE 0 0 0 34,700
PFIZER INC COMMON STOCK 717081103 5,522 125,300 SH   SOLE 0 0 0 125,300
PHYSICIANS REALTY TRUST COMMON STOCK 71943U104 860 51,000 SH   SOLE 0 0 0 51,000
PPG INDUSTRIES INC COMMON STOCK 693506107 2,183 20,000 SH   SOLE 0 0 0 20,000
PPL CORP COMMON STOCK 69351T106 2,098 71,700 SH   SOLE 0 0 0 71,700
PREFERRED APARTMENT COMMUN-A COMMON STOCK 74039L103 352 20,000 SH   SOLE 0 0 0 20,000
PROCTER and GAMBLE CO/THE COMMON STOCK 742718109 4,361 52,400 SH   SOLE 0 0 0 52,400
PROLOGIS INC COMMON STOCK 74340W103 2,656 39,183 SH   SOLE 0 0 0 39,183
PUBLIC SERVICE ENTERPRISE GP COMMON STOCK 744573106 1,959 37,100 SH   SOLE 0 0 0 37,100
PUBLIC STORAGE COMMON STOCK 74460D109 1,777 8,813 SH   SOLE 0 0 0 8,813
PULTEGROUP INC COMMON STOCK 745867101 1,437 58,000 SH   SOLE 0 0 0 58,000
QTS REALTY TRUST INC-CL A COMMON STOCK 74736A103 683 16,000 SH   SOLE 0 0 0 16,000
QUEST DIAGNOSTICS INC COMMON STOCK 74834L100 1,619 15,000 SH   SOLE 0 0 0 15,000
RAMCO-GERSHENSON PROPERTIES COMMON STOCK 751452202 749 55,100 SH   SOLE 0 0 0 55,100
REALTY INCOME CORP COMMON STOCK 756109104 1,764 31,000 SH   SOLE 0 0 0 31,000
REGIONS FINANCIAL CORP COMMON STOCK 7591EP100 1,945 106,000 SH   SOLE 0 0 0 106,000
RETAIL VALUE INC COMMON STOCK 76133Q102 121 3,700 SH   SOLE 0 0 0 3,700
RLJ LODGING TRUST COMMON STOCK 74965L101 634 28,800 SH   SOLE 0 0 0 28,800
RMR GROUP INC/THE - A COMMON STOCK 74967R106 258 2,782 SH   SOLE 0 0 0 2,782
ROBERT HALF INTL INC COMMON STOCK 770323103 1,654 23,500 SH   SOLE 0 0 0 23,500
ROCKWELL AUTOMATION INC COMMON STOCK 773903109 2,175 11,600 SH   SOLE 0 0 0 11,600
ROLLINS INC COMMON STOCK 775711104 1,760 29,000 SH   SOLE 0 0 0 29,000
ROSS STORES INC COMMON STOCK 778296103 2,259 22,800 SH   SOLE 0 0 0 22,800
SandP GLOBAL INC COMMON STOCK 78409V104 2,286 11,700 SH   SOLE 0 0 0 11,700
SABRA HEALTH CARE REIT INC COMMON STOCK 78573L106 1,431 61,874 SH   SOLE 0 0 0 61,874
SEALED AIR CORP COMMON STOCK 81211K100 1,566 39,000 SH   SOLE 0 0 0 39,000
SEI INVESTMENTS COMPANY COMMON STOCK 784117103 1,711 28,000 SH   SOLE 0 0 0 28,000
SELECT INCOME REIT COMMON STOCK 81618T100 1,073 48,900 SH   SOLE 0 0 0 48,900
SENIOR HOUSING PROP TRUST COMMON STOCK 81721M109 985 56,100 SH   SOLE 0 0 0 56,100
SIMON PROPERTY GROUP INC COMMON STOCK 828806109 4,862 27,506 SH   SOLE 0 0 0 27,506
SKYWORKS SOLUTIONS INC COMMON STOCK 83088M102 1,651 18,200 SH   SOLE 0 0 0 18,200
SL GREEN REALTY CORP COMMON STOCK 78440X101 708 7,257 SH   SOLE 0 0 0 7,257
SMITH (A.O.) CORP COMMON STOCK 831865209 1,703 31,900 SH   SOLE 0 0 0 31,900
SNAP-ON INC COMMON STOCK 833034101 2,387 13,000 SH   SOLE 0 0 0 13,000
SOUTHERN CO/THE COMMON STOCK 842587107 2,071 47,500 SH   SOLE 0 0 0 47,500
SPIRIT AEROSYSTEMS HOLD-CL A COMMON STOCK 848574109 2,108 23,000 SH   SOLE 0 0 0 23,000
SPIRIT MTA REIT COMMON STOCK 84861U105 106 9,200 SH   SOLE 0 0 0 9,200
SPIRIT REALTY CAPITAL INC COMMON STOCK 84860W102 742 92,000 SH   SOLE 0 0 0 92,000
STAG INDUSTRIAL INC COMMON STOCK 85254J102 701 25,500 SH   SOLE 0 0 0 25,500
STARBUCKS CORP COMMON STOCK 855244109 2,586 45,500 SH   SOLE 0 0 0 45,500
STATE STREET CORP COMMON STOCK 857477103 1,935 23,100 SH   SOLE 0 0 0 23,100
STORE CAPITAL CORP COMMON STOCK 862121100 167 6,000 SH   SOLE 0 0 0 6,000
SUMMIT HOTEL PROPERTIES INC COMMON STOCK 866082100 253 18,700 SH   SOLE 0 0 0 18,700
SUNSTONE HOTEL INVESTORS INC COMMON STOCK 867892101 213 13,000 SH   SOLE 0 0 0 13,000
SYNOPSYS INC COMMON STOCK 871607107 1,775 18,000 SH   SOLE 0 0 0 18,000
T ROWE PRICE GROUP INC COMMON STOCK 74144T108 1,747 16,000 SH   SOLE 0 0 0 16,000
TANGER FACTORY OUTLET CENTER COMMON STOCK 875465106 721 31,500 SH   SOLE 0 0 0 31,500
TAUBMAN CENTERS INC COMMON STOCK 876664103 359 6,000 SH   SOLE 0 0 0 6,000
TEXAS INSTRUMENTS INC COMMON STOCK 882508104 2,725 25,400 SH   SOLE 0 0 0 25,400
TIER REIT INC COMMON STOCK 88650V208 482 20,000 SH   SOLE 0 0 0 20,000
TJX COMPANIES INC COMMON STOCK 872540109 2,632 23,500 SH   SOLE 0 0 0 23,500
TORCHMARK CORP COMMON STOCK 891027104 2,011 23,200 SH   SOLE 0 0 0 23,200
TRACTOR SUPPLY COMPANY COMMON STOCK 892356106 2,136 23,500 SH   SOLE 0 0 0 23,500
TRAVELERS COS INC/THE COMMON STOCK 89417E109 2,192 16,900 SH   SOLE 0 0 0 16,900
UDR INC COMMON STOCK 902653104 1,072 26,519 SH   SOLE 0 0 0 26,519
UMH PROPERTIES INC COMMON STOCK 903002103 594 38,000 SH   SOLE 0 0 0 38,000
UNION PACIFIC CORP COMMON STOCK 907818108 3,485 21,400 SH   SOLE 0 0 0 21,400
UNITED CONTINENTAL HOLDINGS COMMON STOCK 910047109 1,692 19,000 SH   SOLE 0 0 0 19,000
UNITED PARCEL SERVICE-CL B COMMON STOCK 911312106 2,831 24,250 SH   SOLE 0 0 0 24,250
UNITI GROUP INC COMMON STOCK 91325V108 524 26,000 SH   SOLE 0 0 0 26,000
URSTADT BIDDLE - CLASS A COMMON STOCK 917286205 362 17,000 SH   SOLE 0 0 0 17,000
US BANCORP COMMON STOCK 902973304 2,609 49,400 SH   SOLE 0 0 0 49,400
VENTAS INC COMMON STOCK 92276F100 1,542 28,362 SH   SOLE 0 0 0 28,362
VEREIT INC COMMON STOCK 92339V100 1,111 153,000 SH   SOLE 0 0 0 153,000
VF CORP COMMON STOCK 918204108 2,093 22,400 SH   SOLE 0 0 0 22,400
VISA INC-CLASS A SHARES COMMON STOCK 92826C839 5,313 35,400 SH   SOLE 0 0 0 35,400
VORNADO REALTY TRUST COMMON STOCK 929042109 820 11,237 SH   SOLE 0 0 0 11,237
WALT DISNEY CO/THE COMMON STOCK 254687106 4,280 36,600 SH   SOLE 0 0 0 36,600
WASHINGTON REIT COMMON STOCK 939653101 184 6,000 SH   SOLE 0 0 0 6,000
WASTE MANAGEMENT INC COMMON STOCK 94106L109 2,467 27,300 SH   SOLE 0 0 0 27,300
WEINGARTEN REALTY INVESTORS COMMON STOCK 948741103 515 17,314 SH   SOLE 0 0 0 17,314
WELLTOWER INC COMMON STOCK 95040Q104 1,817 28,247 SH   SOLE 0 0 0 28,247
WW GRAINGER INC COMMON STOCK 384802104 1,823 5,100 SH   SOLE 0 0 0 5,100
YUM! BRANDS INC COMMON STOCK 988498101 2,073 22,800 SH   SOLE 0 0 0 22,800
ZOETIS INC COMMON STOCK 98978V103 2,262 24,700 SH   SOLE 0 0 0 24,700