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 180,197 4,081,476 SH   SOLE   259,335 0 3,822,141
AMERICAN HOMES 4 RENT COMM STK 02665T306 62,133 2,861,934 SH   SOLE   132,705 0 2,729,229
AMERICAN TOWER CORP COMM STK 03027X100 193,518 1,415,850 SH   SOLE   167,714 0 1,248,136
AVALONBAY COMMUNITIES INC COMM STK 053484101 411,838 2,308,250 SH   SOLE   217,536 0 2,090,714
BOSTON PROPERTIES INC COMM STK 101121101 338,599 2,755,527 SH   SOLE   263,523 0 2,492,004
BRIXMOR PROPERTY GROUP INC COMM STK 11120U105 158,449 8,428,120 SH   SOLE   503,195 0 7,924,925
CAMDEN PROPERTY TRUST COMM STK 133131102 190,414 2,082,166 SH   SOLE   126,511 0 1,955,655
CORPORATE OFFICE PROPERTIES TRUST COMM STK 22002T108 1,066 32,460 SH   SOLE   32,460 0 0
CROWN CASTLE INTL CORP COMM STK 22822V101 146,415 1,464,445 SH   SOLE   85,510 0 1,378,935
CUBESMART COMM STK 229663109 204,347 7,871,602 SH   SOLE   510,529 0 7,361,073
DIGITAL REALTY TRUST INC COMM STK 253868103 86,296 729,282 SH   SOLE   33,071 0 696,211
DOUGLAS EMMETT INC COMM STK 25960P109 3,371 85,514 SH   SOLE   85,514 0 0
DUKE REALTY CORP COMM STK 264411505 147,183 5,106,990 SH   SOLE   428,825 0 4,678,165
EDUCATION REALTY TRUST INC COMM STK 28140H203 860 23,934 SH   SOLE   23,934 0 0
EQUINIX INC COMM STK 29444U700 113,692 254,743 SH   SOLE   14,955 0 239,788
EQUITY RESIDENTIAL COMM STK 29476L107 553,564 8,396,232 SH   SOLE   577,108 0 7,819,124
ESSEX PROPERTY TRUST INC COMM STK 297178105 8,688 34,200 SH   SOLE   34,200 0 0
FEDERAL REALTY INVESTMENT TRUST COMM STK 313747206 121,156 975,412 SH   SOLE   98,016 0 877,396
FIRST INDUSTRIAL REALTY TRUST INC COMM STK 32054K103 59,511 1,977,752 SH   SOLE   114,584 0 1,863,168
GGP INC COMM STK 36174X101 196,801 9,475,264 SH   SOLE   599,267 0 8,875,997
HCP INC COMM STK 40414L109 1,514 54,400 SH   SOLE   54,400 0 0
HUDSON PACIFIC PROPERTIES INC COMM STK 444097109 943 28,131 SH   SOLE   28,131 0 0
JBG SMITH PROPERTIES COMM STK 46590V100 3 100 SH   SOLE   100 0 0
KILROY REALTY CORP COMM STK 49427F108 2,511 35,300 SH   SOLE   35,300 0 0
KIMCO REALTY CORP COMM STK 49446R109 1,832 93,700 SH   SOLE   93,700 0 0
LASALLE HOTEL PROPERTIES COMM STK 517942108 142,094 4,896,424 SH   SOLE   239,443 0 4,656,981
LIFE STORAGE INC COMM STK 53223X107 117,539 1,436,727 SH   SOLE   84,473 0 1,352,254
NATIONAL RETAIL PROPERTIES INC COMM STK 637417106 126,212 3,029,571 SH   SOLE   187,727 0 2,841,844
PARAMOUNT GROUP INC COMM STK 69924R108 106,172 6,635,772 SH   SOLE   400,833 0 6,234,939
PARK HOTELS & RESORTS INC COMM STK 700517105 108,143 3,923,903 SH   SOLE   212,804 0 3,711,099
PROLOGIS INC COMM STK 74340W103 133,755 2,107,701 SH   SOLE   257,715 0 1,849,986
PUBLIC STORAGE COMM STK 74460D109 271,699 1,269,680 SH   SOLE   144,321 0 1,125,359
QUALITY CARE PROPERTIES INC COMM STK 747545101 4,939 318,641 SH   SOLE   26,462 0 292,179
REGENCY CENTERS CORP COMM STK 758849103 133,119 2,145,699 SH   SOLE   211,924 0 1,933,775
RLJ LODGING TRUST COMM STK 74965L101 132,151 6,006,859 SH   SOLE   320,104 0 5,686,755
SIMON PROPERTY GROUP INC COMM STK 828806109 754,768 4,687,708 SH   SOLE   375,647 0 4,312,061
SL GREEN REALTY CORP COMM STK 78440X101 206,290 2,036,020 SH   SOLE   100,453 0 1,935,567
SPIRIT REALTY CAPITAL INC COMM STK 84860W102 588 68,606 SH   SOLE   68,606 0 0
TAUBMAN CENTERS INC COMM STK 876664103 85,932 1,729,014 SH   SOLE   159,690 0 1,569,324
URBAN EDGE PROPERTIES COMM STK 91704F104 719 29,800 SH   SOLE   29,800 0 0
VENTAS INC COMM STK 92276F100 173,495 2,663,832 SH   SOLE   285,386 0 2,378,446
VEREIT INC COMM STK 92339V100 111,231 13,417,517 SH   SOLE   563,830 0 12,853,687
VORNADO REALTY TRUST COMM STK 929042109 336,614 4,378,433 SH   SOLE   321,438 0 4,056,995
WELLTOWER INC COMM STK 95040Q104 414,512 5,898,008 SH   SOLE   355,796 0 5,542,212
WEYERHAEUSER CO COMM STK 962166104 6,328 185,948 SH   SOLE   20,800 0 165,148