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
APARTMENT INVT & MGMT CO CL A 03748R101 21,797 479,588 SH   SOLE   479,588 0 0
BROOKDALE SR LIVING INC COM 112463104 16,832 1,355,253 SH   SOLE   1,355,253 0 0
CARE CAP PPTYS INC COM 141624106 4,829 193,151 SH   SOLE   193,151 0 0
COLONY STARWOOD HOMES COM 19625X102 23,685 822,120 SH   SOLE   822,120 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 15,753 504,571 SH   SOLE   504,571 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 10,798 124,446 SH   SOLE   124,446 0 0
CUBESMART COM 229663109 13,830 516,606 SH   SOLE   516,606 0 0
CYRUSONE INC COM 23283R100 28,179 629,979 SH   SOLE   629,979 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301 4,954 429,630 SH   SOLE   429,630 0 0
EQUINIX INC COM PAR $0.001 29444U700 19,336 54,101 SH   SOLE   54,101 0 0
EQUITY ONE COM 294752100 14,236 463,867 SH   SOLE   463,867 0 0
FIRST INDUSTRIAL REALTY TRUS COM 32054K103 23,894 851,822 SH   SOLE   851,822 0 0
FOREST CITY RLTY TR INC COM CL A 345605109 13,043 625,872 SH   SOLE   625,872 0 0
FOUR CORNERS PPTY TR INC COM 35086T109 24,934 1,215,091 SH   SOLE   1,215,091 0 0
GENERAL GROWTH PPTYS INC NEW COM 370023103 10,105 404,539 SH   SOLE   404,539 0 0
GRAMERCY PPTY TR COM 385002100 19,058 2,076,030 SH   SOLE   2,076,030 0 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 11,456 393,557 SH   SOLE   393,557 0 0
HIGHWOODS PPTYS INC COM 431284108 15,151 297,024 SH   SOLE   297,024 0 0
INTERNATIONAL GAME TECHNOLOG SHS USD G4863A108 19,583 767,350 SH   SOLE   767,350 0 0
INTERXION HOLDING N.V SHS N47279109 17,913 510,787 SH   SOLE   510,787 0 0
KILROY RLTY CORP COM 49427F108 7,088 96,808 SH   SOLE   96,808 0 0
LIFE STORAGE INC COM 53223X107 11,992 140,649 SH   SOLE   140,649 0 0
LOUISIANA PAC CORP COM 546347105 5,278 278,812 SH   SOLE   278,812 0 0
MARRIOTT INTL INC NEW CL A 571903202 7,141 86,364 SH   SOLE   86,364 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 20,349 804,003 SH   SOLE   804,003 0 0
MGM RESORTS INTERNATIONAL COM 552953101 25,523 885,300 SH   SOLE   885,300 0 0
NORWEGIAN CRUISE LINE HLDGS SHS G66721104 18,078 425,066 SH   SOLE   425,066 0 0
PARKWAY INC COM 70156Q107 15,388 691,594 SH   SOLE   691,594 0 0
PROLOGIS INC COM 74340W103 27,440 519,792 SH   SOLE   519,792 0 0
REGENCY CTRS CORP COM 758849103 10,401 150,854 SH   SOLE   150,854 0 0
RETAIL PPTYS AMER INC CL A 76131V202 30,265 1,974,253 SH   SOLE   1,974,253 0 0
SL GREEN RLTY CORP COM 78440X101 13,334 123,975 SH   SOLE   123,975 0 0
SPIRIT RLTY CAP INC NEW COM 84860W102 24,653 2,270,037 SH   SOLE   2,270,037 0 0
STARWOOD PPTY TR INC COM 85571B105 19,048 867,798 SH   SOLE   867,798 0 0
TOLL BROTHERS INC COM 889478103 6,650 214,519 SH   SOLE   214,519 0 0
UNITED RENTALS INC COM 911363109 11,036 104,523 SH   SOLE   104,523 0 0
VAIL RESORTS INC COM 91879Q109 18,785 116,454 SH   SOLE   116,454 0 0
VULCAN MATLS CO COM 929160109 7,284 58,203 SH   SOLE   58,203 0 0
WASHINGTON PRIME GROUP NEW COM 93964W108 17,628 1,693,355 SH   SOLE   1,693,355 0 0