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
AMERICAN CAMPUS COMMUNITIES INC COMM STK 024835100 207,909 4,395,546 SH   SOLE   235,913 0 4,159,633
AMERICAN TOWER CORP COMM STK 03027X100 279,600 2,113,060 SH   SOLE   165,586 0 1,947,474
AVALONBAY COMMUNITIES INC COMM STK 053484101 468,708 2,439,030 SH   SOLE   201,349 0 2,237,681
BOSTON PROPERTIES INC COMM STK 101121101 398,912 3,242,662 SH   SOLE   262,832 0 2,979,830
BRIXMOR PROPERTY GROUP INC COMM STK 11120U105 163,169 9,125,790 SH   SOLE   476,088 0 8,649,702
CAMDEN PROPERTY TRUST COMM STK 133131102 299,094 3,497,772 SH   SOLE   168,222 0 3,329,550
CORPORATE OFFICE PROPERTIES TRUST COMM STK 22002T108 1,135 32,409 SH   SOLE   32,409 0 0
CROWN CASTLE INTL CORP COMM STK 22822V101 208,104 2,077,303 SH   SOLE   80,471 0 1,996,832
CUBESMART COMM STK 229663109 246,762 10,264,646 SH   SOLE   545,080 0 9,719,566
DOUGLAS EMMETT INC COMM STK 25960P109 3,267 85,514 SH   SOLE   85,514 0 0
DUKE REALTY CORP COMM STK 264411505 175,183 6,267,729 SH   SOLE   432,616 0 5,835,113
DUPONT FABROS TECHNOLOGY INC COMM STK 26613Q106 101,066 1,652,481 SH   SOLE   63,560 0 1,588,921
EDUCATION REALTY TRUST INC COMM STK 28140H203 725 18,712 SH   SOLE   18,712 0 0
EQUINIX INC COMM STK 29444U700 181,695 423,373 SH   SOLE   17,244 0 406,129
EQUITY RESIDENTIAL COMM STK 29476L107 650,992 9,888,994 SH   SOLE   574,647 0 9,314,347
ESSEX PROPERTY TRUST INC COMM STK 297178105 8,799 34,200 SH   SOLE   34,200 0 0
FEDERAL REALTY INVESTMENT TRUST COMM STK 313747206 166,378 1,316,389 SH   SOLE   105,262 0 1,211,127
GGP INC COMM STK 36174X101 253,418 10,756,262 SH   SOLE   568,994 0 10,187,268
HCP INC COMM STK 40414L109 1,739 54,400 SH   SOLE   54,400 0 0
HUDSON PACIFIC PROPERTIES INC COMM STK 444097109 996 29,140 SH   SOLE   29,140 0 0
KILROY REALTY CORP COMM STK 49427F108 2,653 35,300 SH   SOLE   35,300 0 0
KIMCO REALTY CORP COMM STK 49446R109 1,719 93,700 SH   SOLE   93,700 0 0
LASALLE HOTEL PROPERTIES COMM STK 517942108 177,766 5,965,312 SH   SOLE   237,973 0 5,727,339
LIFE STORAGE INC COMM STK 53223X107 131,928 1,780,403 SH   SOLE   88,604 0 1,691,799
NATIONAL RETAIL PROPERTIES INC COMM STK 637417106 990 25,310 SH   SOLE   25,310 0 0
PARAMOUNT GROUP INC COMM STK 69924R108 105,467 6,591,716 SH   SOLE   384,592 0 6,207,124
PARK HOTELS & RESORTS INC COMM STK 700517105 124,218 4,607,476 SH   SOLE   208,673 0 4,398,803
PROLOGIS INC COMM STK 74340W103 197,670 3,370,904 SH   SOLE   300,551 0 3,070,353
PUBLIC STORAGE COMM STK 74460D109 305,606 1,465,525 SH   SOLE   143,062 0 1,322,463
REGENCY CENTERS CORP COMM STK 758849103 149,443 2,385,738 SH   SOLE   202,916 0 2,182,822
RLJ LODGING TRUST COMM STK 74965L101 144,836 7,289,174 SH   SOLE   315,999 0 6,973,175
SIMON PROPERTY GROUP INC COMM STK 828806109 905,790 5,599,590 SH   SOLE   376,810 0 5,222,780
SL GREEN REALTY CORP COMM STK 78440X101 248,597 2,349,685 SH   SOLE   97,794 0 2,251,891
SPIRIT REALTY CAPITAL INC COMM STK 84860W102 166,587 22,481,416 SH   SOLE   1,094,234 0 21,387,182
TAUBMAN CENTERS INC COMM STK 876664103 115,451 1,938,728 SH   SOLE   153,707 0 1,785,021
URBAN EDGE PROPERTIES COMM STK 91704F104 707 29,800 SH   SOLE   29,800 0 0
VENTAS INC COMM STK 92276F100 220,255 3,170,053 SH   SOLE   285,585 0 2,884,468
VEREIT INC COMM STK 92339V100 124,688 15,317,991 SH   SOLE   533,722 0 14,784,269
VORNADO REALTY TRUST COMM STK 929042109 417,230 4,443,345 SH   SOLE   279,703 0 4,163,642
WELLTOWER INC COMM STK 95040Q104 508,546 6,794,196 SH   SOLE   344,623 0 6,449,573
WEYERHAEUSER CO COMM STK 962166104 32,931 983,003 SH   SOLE   20,800 0 962,203