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
ACADIA RLTY TR COM SH BEN INT 004239109 15,408 538,380 SH   SOLE   538,380 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 118,682 997,576 SH   SOLE   997,576 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 20,274 459,211 SH   SOLE   459,211 0 0
AMERICAN TOWER CORP NEW COM 03027X100 95,377 697,811 SH   SOLE   697,811 0 0
BOSTON PROPERTIES INC COM 101121101 30,942 251,806 SH   SOLE   251,806 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 37,185 2,126,056 SH   SOLE   2,070,096 0 55,960
DIAMONDROCK HOSPITALITY CO COM 252784301 79,199 7,232,784 SH   SOLE   7,232,784 0 0
DIGITAL RLTY TR INC COM 253868103 48,110 406,576 SH   SOLE   406,576 0 0
DOUGLAS EMMETT INC COM 25960P109 79,560 2,018,267 SH   SOLE   2,018,267 0 0
EMPIRE ST RLTY TR INC CL A 292104106 124,290 6,051,122 SH   SOLE   6,051,122 0 0
EQUINIX INC COM PAR $0.001 29444U700 164,595 368,798 SH   SOLE   361,713 0 7,085
EQUITY COMWLTH COM SH BEN INT 294628102 62,510 2,056,258 SH   SOLE   2,056,258 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 94,633 1,112,283 SH   SOLE   1,112,283 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 95,705 1,451,609 SH   SOLE   1,451,609 0 0
ESSEX PPTY TR INC COM 297178105 91,511 360,236 SH   SOLE   360,236 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 67,875 546,450 SH   SOLE   546,450 0 0
GGP INC COM 36174X101 20,931 1,007,742 SH   SOLE   1,007,742 0 0
HOST HOTELS & RESORTS INC COM 44107P104 24,072 1,301,877 SH   SOLE   1,251,568 0 50,309
INTERXION HOLDING N.V SHS N47279109 67,291 1,321,253 SH   SOLE   1,321,253 0 0
KILROY RLTY CORP COM 49427F108 141,380 1,987,902 SH   SOLE   1,987,902 0 0
PROLOGIS INC COM 74340W103 190,282 2,998,450 SH   SOLE   2,961,755 0 36,695
REGENCY CTRS CORP COM 758849103 48,056 774,591 SH   SOLE   774,591 0 0
SIMON PPTY GROUP INC NEW COM 828806109 272,013 1,689,414 SH   SOLE   1,689,414 0 0
STARWOOD WAYPOINT HOMES COM 85572F105 74,972 2,061,367 SH   SOLE   2,061,367 0 0
TERRENO RLTY CORP COM 88146M101 36,998 1,022,608 SH   SOLE   1,022,608 0 0
VORNADO RLTY TR SH BEN INT 929042109 17,353 225,713 SH   SOLE   225,713 0 0
WASHINGTON REAL ESTATE INVT SH BEN INT 939653101 53,603 1,636,226 SH   SOLE   1,636,226 0 0