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 162,748 3,966,558 SH   SOLE   268,581 0 3,697,977
AMERICAN HOMES 4 RENT COMM STK 02665T306 60,854 2,786,352 SH   SOLE   175,420 0 2,610,932
AMERICAN TOWER CORP COMM STK 03027X100 190,444 1,334,855 SH   SOLE   163,341 0 1,171,514
AVALONBAY COMMUNITIES INC COMM STK 053484101 377,385 2,115,266 SH   SOLE   207,272 0 1,907,994
BOSTON PROPERTIES INC COMM STK 101121101 318,255 2,447,551 SH   SOLE   240,014 0 2,207,537
BRIXMOR PROPERTY GROUP INC COMM STK 11120U105 147,091 7,882,708 SH   SOLE   500,923 0 7,381,785
CAMDEN PROPERTY TRUST COMM STK 133131102 137,239 1,490,751 SH   SOLE   97,544 0 1,393,207
CORPORATE OFFICE PROPERTIES TRUST COMM STK 22002T108 960 32,878 SH   SOLE   32,878 0 0
CROWN CASTLE INTL CORP COMM STK 22822V101 142,245 1,281,370 SH   SOLE   78,299 0 1,203,071
CUBESMART COMM STK 229663109 204,961 7,087,163 SH   SOLE   465,228 0 6,621,935
DIGITAL REALTY TRUST INC COMM STK 253868103 75,699 664,611 SH   SOLE   30,910 0 633,701
DOUGLAS EMMETT INC COMM STK 25960P109 3,511 85,514 SH   SOLE   85,514 0 0
DUKE REALTY CORP COMM STK 264411505 130,391 4,792,011 SH   SOLE   483,229 0 4,308,782
EDUCATION REALTY TRUST INC COMM STK 28140H203 627 17,942 SH   SOLE   17,942 0 0
EQUINIX INC COMM STK 29444U700 105,166 232,042 SH   SOLE   14,635 0 217,407
EQUITY RESIDENTIAL COMM STK 29476L107 492,947 7,730,079 SH   SOLE   562,494 0 7,167,585
ESSEX PROPERTY TRUST INC COMM STK 297178105 7,677 31,806 SH   SOLE   31,806 0 0
FEDERAL REALTY INVESTMENT TRUST COMM STK 313747206 110,457 831,692 SH   SOLE   91,208 0 740,484
FIRST INDUSTRIAL REALTY TRUST INC COMM STK 32054K103 55,854 1,774,842 SH   SOLE   108,657 0 1,666,185
GGP INC COMM STK 36174X101 75,513 3,228,411 SH   SOLE   219,358 0 3,009,053
HCP INC COMM STK 40414L109 176,345 6,761,684 SH   SOLE   504,241 0 6,257,443
HUDSON PACIFIC PROPERTIES INC COMM STK 444097109 932 27,226 SH   SOLE   27,226 0 0
JBG SMITH PROPERTIES COMM STK 46590V100 2 51 SH   SOLE   51 0 0
KILROY REALTY CORP COMM STK 49427F108 2,635 35,300 SH   SOLE   35,300 0 0
KIMCO REALTY CORP COMM STK 49446R109 1,701 93,700 SH   SOLE   93,700 0 0
LASALLE HOTEL PROPERTIES COMM STK 517942108 129,128 4,600,215 SH   SOLE   230,346 0 4,369,869
LIFE STORAGE INC COMM STK 53223X107 0 2 SH   SOLE   2 0 0
NATIONAL RETAIL PROPERTIES INC COMM STK 637417106 119,296 2,765,956 SH   SOLE   182,289 0 2,583,667
OMEGA HEALTHCARE INVESTORS INC COMM STK 681936100 59,033 2,143,551 SH   SOLE   103,470 0 2,040,081
PARAMOUNT GROUP INC COMM STK 69924R108 96,313 6,076,555 SH   SOLE   390,926 0 5,685,629
PARK HOTELS & RESORTS INC COMM STK 700517105 103,300 3,593,055 SH   SOLE   196,450 0 3,396,605
PROLOGIS INC COMM STK 74340W103 125,876 1,951,263 SH   SOLE   238,271 0 1,712,992
PUBLIC STORAGE COMM STK 74460D109 350,690 1,677,943 SH   SOLE   171,719 0 1,506,224
QUALITY CARE PROPERTIES INC COMM STK 747545101 3,180 230,247 SH   SOLE   24,870 0 205,377
REALTY INCOME CORP COMM STK 756109104 645 11,307 SH   SOLE   11,307 0 0
REGENCY CENTERS CORP COMM STK 758849103 129,270 1,868,599 SH   SOLE   199,746 0 1,668,853
RLJ LODGING TRUST COMM STK 74965L101 117,592 5,352,394 SH   SOLE   301,695 0 5,050,699
SIMON PROPERTY GROUP INC COMM STK 828806109 749,658 4,365,076 SH   SOLE   364,874 0 4,000,202
SL GREEN REALTY CORP COMM STK 78440X101 183,944 1,822,494 SH   SOLE   95,248 0 1,727,246
SPIRIT REALTY CAPITAL INC COMM STK 84860W102 0 1 SH   SOLE   1 0 0
TAUBMAN CENTERS INC COMM STK 876664103 111,662 1,706,593 SH   SOLE   169,758 0 1,536,835
VENTAS INC COMM STK 92276F100 7,545 125,731 SH   SOLE   125,731 0 0
VEREIT INC COMM STK 92339V100 112,911 14,494,406 SH   SOLE   584,459 0 13,909,947
VORNADO REALTY TRUST COMM STK 929042109 305,589 3,908,787 SH   SOLE   307,598 0 3,601,189
WELLTOWER INC COMM STK 95040Q104 359,747 5,641,319 SH   SOLE   359,448 0 5,281,871
WEYERHAEUSER CO COMM STK 962166104 6,569 186,290 SH   SOLE   21,142 0 165,148