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 14,815 541,480 SH   SOLE   541,480 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 134,949 1,033,381 SH   SOLE   1,033,381 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 18,399 448,423 SH   SOLE   448,423 0 0
AMERICAN TOWER CORP NEW COM 03027X100 67,410 472,487 SH   SOLE   472,487 0 0
BOSTON PROPERTIES INC COM 101121101 65,782 505,898 SH   SOLE   505,898 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 52,974 2,912,263 SH   SOLE   2,856,303 0 55,960
DIAMONDROCK HOSPITALITY CO COM 252784301 94,806 8,397,378 SH   SOLE   8,397,378 0 0
DIGITAL RLTY TR INC COM 253868103 48,875 429,103 SH   SOLE   429,103 0 0
DOUGLAS EMMETT INC COM 25960P109 87,825 2,138,943 SH   SOLE   2,138,943 0 0
EMPIRE ST RLTY TR INC CL A 292104106 131,557 6,408,038 SH   SOLE   6,408,038 0 0
EQUINIX INC COM PAR $0.001 29444U700 155,351 342,771 SH   SOLE   335,686 0 7,085
EQUITY COMWLTH COM SH BEN INT 294628102 46,515 1,524,574 SH   SOLE   1,524,574 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 108,131 1,214,680 SH   SOLE   1,214,680 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 101,139 1,586,004 SH   SOLE   1,586,004 0 0
ESSEX PPTY TR INC COM 297178105 86,075 356,612 SH   SOLE   356,612 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 82,811 623,528 SH   SOLE   623,528 0 0
GGP INC COM 36174X101 16,951 724,720 SH   SOLE   724,720 0 0
HOST HOTELS & RESORTS INC COM 44107P104 30,595 1,541,303 SH   SOLE   1,490,994 0 50,309
INTERXION HOLDING N.V SHS N47279109 77,945 1,322,676 SH   SOLE   1,322,676 0 0
INVITATION HOMES INC COM 46187W107 37,303 1,582,631 SH   SOLE   1,582,631 0 0
IRON MTN INC NEW COM 46284V101 2,452 65,000 SH   SOLE   39,789 0 25,211
KILROY RLTY CORP COM 49427F108 142,225 1,905,227 SH   SOLE   1,905,227 0 0
PROLOGIS INC COM 74340W103 183,099 2,838,309 SH   SOLE   2,838,309 0 0
REGENCY CTRS CORP COM 758849103 65,958 953,424 SH   SOLE   953,424 0 0
SIMON PPTY GROUP INC NEW COM 828806109 320,871 1,868,352 SH   SOLE   1,868,352 0 0
TERRENO RLTY CORP COM 88146M101 34,071 971,778 SH   SOLE   971,778 0 0
WASHINGTON REAL ESTATE INVT SH BEN INT 939653101 29,669 953,388 SH   SOLE   953,388 0 0