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
AMERICAN HOMES 4 RENT CL A 02665T306   40,428,066 1,140,425 SH   SOLE   1,140,425 0 0
APARTMENT INCOME REIT CORP COM 03750L109   37,544,535 1,040,303 SH   SOLE   1,040,303 0 0
APARTMENT INVT & MGMT CO CL A 03748R747   10,138,800 1,190,000 SH   SOLE   1,190,000 0 0
CAMDEN PPTY TR SH BEN INT 133131102   38,987,327 358,109 SH   SOLE   358,109 0 0
FIRST INDL RLTY TR INC COM 32054K103   25,277,728 480,200 SH   SOLE   480,200 0 0
HEALTHCARE RLTY TR CL A COM 42226K105   21,370,266 1,133,100 SH   SOLE   1,133,100 0 0
HEALTHPEAK PROPERTIES INC COM 42250P103   42,402,960 2,109,600 SH   SOLE   2,109,600 0 0
HIGHWOODS PPTYS INC COM 431284108   2,351,357 98,342 SH   SOLE   98,342 0 0
INVENTRUST PPTYS CORP COM NEW 46124J201   16,182,589 699,334 SH   SOLE   699,334 0 0
PHYSICIANS RLTY TR COM 71943U104   32,246,390 2,304,960 SH   SOLE   2,304,960 0 0
PROLOGIS INC. COM 74340W103   45,673,544 372,450 SH   SOLE   372,450 0 0