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
INVESTORS REAL ESTATE TR SH BEN INT 461730103 780 150,224 SH   SOLE   150,224 0 0
ACADIA RLTY TR COM SH BEN INT 004239109 2,649 107,681 SH   SOLE   107,681 0 0
AGREE REALTY CORP COM 008492100 1,859 38,699 SH   SOLE   38,699 0 0
MONMOUTH REAL ESTATE INVT CO CL A 609720107 1,498 99,593 SH   SOLE   99,593 0 0
ONE LIBERTY PPTYS INC COM 682406103 412 18,659 SH   SOLE   18,659 0 0
RAMCO-GERSHENSON PPTYS TR COM SH BEN INT 751452202 1,259 101,860 SH   SOLE   101,860 0 0
UMH PPTYS INC COM 903002103 550 41,013 SH   SOLE   41,013 0 0
UNIVERSAL HEALTH RLTY INCM T SH BEN INT 91359E109 1,018 16,940 SH   SOLE   16,940 0 0
URSTADT BIDDLE PPTYS INC CL A 917286205 771 39,928 SH   SOLE   39,928 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 3,358 130,001 SH   SOLE   130,001 0 0
VENTAS INC COM 92276F100 23,036 465,082 SH   SOLE   465,082 0 0
SENIOR HSG PPTYS TR SH BEN INT 81721M109 4,833 308,622 SH   SOLE   308,622 0 0
GETTY RLTY CORP NEW COM 374297109 1,075 42,630 SH   SOLE   42,630 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 3,594 226,345 SH   SOLE   226,345 0 0
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 5,384 212,484 SH   SOLE   212,484 0 0
LASALLE HOTEL PPTYS COM SH BEN INT 517942108 4,303 148,330 SH   SOLE   148,330 0 0
LEXINGTON REALTY TRUST COM 529043101 2,404 305,455 SH   SOLE   305,455 0 0
MACK CALI RLTY CORP COM 554489104 1,965 117,624 SH   SOLE   117,624 0 0
MID AMER APT CMNTYS INC COM 59522J103 13,555 148,559 SH   SOLE   148,559 0 0
REALTY INCOME CORP COM 756109104 19,107 369,363 SH   SOLE   369,363 0 0
SAUL CTRS INC COM 804395101 685 13,437 SH   SOLE   13,437 0 0
SUN CMNTYS INC COM 866674104 9,085 99,427 SH   SOLE   99,427 0 0
TANGER FACTORY OUTLET CTRS I COM 875465106 2,647 120,333 SH   SOLE   120,333 0 0
RAYONIER INC COM 754907103 5,940 168,838 SH   SOLE   168,838 0 0
ALEXANDERS INC COM 014752109 1,048 2,748 SH   SOLE   2,748 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 16,375 131,117 SH   SOLE   131,117 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 8,318 204,125 SH   SOLE   204,125 0 0
CBL & ASSOC PPTYS INC COM 124830100 931 223,342 SH   SOLE   223,342 0 0
CAMDEN PPTY TR SH BEN INT 133131102 10,034 119,194 SH   SOLE   119,194 0 0
COUSINS PPTYS INC COM 222795106 4,740 546,100 SH   SOLE   546,100 0 0
EASTGROUP PPTY INC COM 277276101 3,672 44,417 SH   SOLE   44,417 0 0
ESSEX PPTY TR INC COM 297178105 20,620 85,673 SH   SOLE   85,673 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 11,072 95,354 SH   SOLE   95,354 0 0
FIRST INDUSTRIAL REALTY TRUS COM 32054K103 4,532 155,053 SH   SOLE   155,053 0 0
HEALTHCARE RLTY TR COM 421946104 4,417 159,409 SH   SOLE   159,409 0 0
HIGHWOODS PPTYS INC COM 431284108 5,834 133,130 SH   SOLE   133,130 0 0
KILROY RLTY CORP COM 49427F108 8,966 126,351 SH   SOLE   126,351 0 0
LTC PPTYS INC COM 502175102 1,946 51,209 SH   SOLE   51,209 0 0
LIBERTY PPTY TR SH BEN INT 531172104 7,678 193,254 SH   SOLE   193,254 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 6,905 255,380 SH   SOLE   255,380 0 0
PS BUSINESS PKS INC CALIF COM 69360J107 2,895 25,609 SH   SOLE   25,609 0 0
PENNSYLVANIA RL ESTATE INVT SH BEN INT 709102107 796 82,512 SH   SOLE   82,512 0 0
TAUBMAN CTRS INC COM 876664103 4,392 77,181 SH   SOLE   77,181 0 0
WASHINGTON REAL ESTATE INVT SH BEN INT 939653101 2,790 102,181 SH   SOLE   102,181 0 0
WEINGARTEN RLTY INVS SH BEN INT 948741103 4,413 157,155 SH   SOLE   157,155 0 0
KIMCO RLTY CORP COM 49446R109 7,795 541,291 SH   SOLE   541,291 0 0
VORNADO RLTY TR SH BEN INT 929042109 15,155 225,182 SH   SOLE   225,182 0 0
AVALONBAY CMNTYS INC COM 053484101 29,683 180,488 SH   SOLE   180,488 0 0
BOSTON PROPERTIES INC COM 101121101 24,871 201,842 SH   SOLE   201,842 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 28,805 467,461 SH   SOLE   467,461 0 0
HOST HOTELS & RESORTS INC COM 44107P104 17,850 957,630 SH   SOLE   957,630 0 0
SL GREEN RLTY CORP COM 78440X101 11,488 118,644 SH   SOLE   118,644 0 0
DUKE REALTY CORP COM NEW 264411505 12,339 465,987 SH   SOLE   465,987 0 0
PUBLIC STORAGE COM 74460D109 38,847 193,858 SH   SOLE   193,858 0 0
SIMON PPTY GROUP INC NEW COM 828806109 62,934 407,733 SH   SOLE   407,733 0 0
WEYERHAEUSER CO COM 962166104 34,250 978,560 SH   SOLE   978,560 0 0
REGENCY CTRS CORP COM 758849103 11,503 195,035 SH   SOLE   195,035 0 0
GLADSTONE COML CORP COM 376536108 650 37,480 SH   SOLE   37,480 0 0
ASHFORD HOSPITALITY TR INC COM SHS 044103109 649 100,440 SH   SOLE   100,440 0 0
CEDAR REALTY TRUST INC COM NEW 150602209 442 112,105 SH   SOLE   112,105 0 0
EXTRA SPACE STORAGE INC COM 30225T102 13,939 159,556 SH   SOLE   159,556 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 6,879 178,132 SH   SOLE   178,132 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 4,474 293,949 SH   SOLE   293,949 0 0
DIGITAL RLTY TR INC COM 253868103 28,210 267,701 SH   SOLE   267,701 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 9,553 108,837 SH   SOLE   108,837 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301 2,728 261,312 SH   SOLE   261,312 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 6,193 476,365 SH   SOLE   476,365 0 0
FRANKLIN STREET PPTYS CORP COM 35471R106 1,165 138,566 SH   SOLE   138,566 0 0
POTLATCHDELTIC CORPORATION COM 737630103 4,086 78,505 SH   SOLE   78,505 0 0
NATIONAL RETAIL PPTYS INC COM 637417106 7,877 200,638 SH   SOLE   200,638 0 0
DOUGLAS EMMETT INC COM 25960P109 7,667 208,562 SH   SOLE   208,562 0 0
UDR INC COM 902653104 12,368 347,213 SH   SOLE   347,213 0 0
HCP INC COM 40414L109 14,294 615,331 SH   SOLE   615,331 0 0
GOVERNMENT PPTYS INCOME TR COM SHS BEN INT 38376A103 1,727 126,437 SH   SOLE   126,437 0 0
RETAIL OPPORTUNITY INVTS COR COM 76131N101 2,480 140,371 SH   SOLE   140,371 0 0
PEBBLEBROOK HOTEL TR COM 70509V100 3,083 89,757 SH   SOLE   89,757 0 0
CHESAPEAKE LODGING TR SH BEN INT 165240102 2,145 77,145 SH   SOLE   77,145 0 0
PIEDMONT OFFICE REALTY TR IN COM CL A 720190206 3,284 186,674 SH   SOLE   186,674 0 0
TERRENO RLTY CORP COM 88146M101 2,438 70,655 SH   SOLE   70,655 0 0
CHATHAM LODGING TR COM 16208T102 1,142 59,609 SH   SOLE   59,609 0 0
HUDSON PAC PPTYS INC COM 444097109 6,645 204,263 SH   SOLE   204,263 0 0
CORESITE RLTY CORP COM 21870Q105 4,450 44,385 SH   SOLE   44,385 0 0
WHITESTONE REIT COM 966084204 519 49,986 SH   SOLE   49,986 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 4,087 231,549 SH   SOLE   231,549 0 0
AMERICAN ASSETS TR INC COM 024013104 1,742 52,143 SH   SOLE   52,143 0 0
SUMMIT HOTEL PPTYS INC COM 866082100 1,833 134,700 SH   SOLE   134,700 0 0
PREFERRED APT CMNTYS INC COM 74039L103 714 50,310 SH   SOLE   50,310 0 0
STAG INDL INC COM 85254J102 2,939 122,884 SH   SOLE   122,884 0 0
RLJ LODGING TR COM 74965L101 4,297 221,026 SH   SOLE   221,026 0 0
PROLOGIS INC COM 74340W103 43,556 691,477 SH   SOLE   691,477 0 0
DDR CORP COM 23317H102 2,956 403,287 SH   SOLE   403,287 0 0
CUBESMART COM 229663109 6,645 235,654 SH   SOLE   235,654 0 0
AMERICAN TOWER CORP NEW COM 03027X100 80,541 554,159 SH   SOLE   554,159 0 0
SELECT INCOME REIT COM SH BEN INT 81618T100 1,612 82,771 SH   SOLE   82,771 0 0
RETAIL PPTYS AMER INC CL A 76131V202 3,359 288,070 SH   SOLE   288,070 0 0
AMERICOLD RLTY TR COM 03064D108 1,134 59,452 SH   SOLE   59,452 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 4,463 57,622 SH   SOLE   57,622 0 0
W P CAREY INC COM 92936U109 8,584 138,470 SH   SOLE   138,470 0 0
EPR PPTYS COM SH BEN INT 26884U109 4,566 82,421 SH   SOLE   82,421 0 0
CYRUSONE INC COM 23283R100 6,037 117,891 SH   SOLE   117,891 0 0
GLADSTONE LD CORP COM 376549101 142 11,775 SH   SOLE   11,775 0 0
ARMADA HOFFLER PPTYS INC COM 04208T108 830 60,611 SH   SOLE   60,611 0 0
SPIRIT RLTY CAP INC NEW COM 84860W102 4,638 597,665 SH   SOLE   597,665 0 0
REXFORD INDL RLTY INC COM 76169C100 2,894 100,517 SH   SOLE   100,517 0 0
PHYSICIANS RLTY TR COM 71943U104 3,634 233,426 SH   SOLE   233,426 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 6,356 316,521 SH   SOLE   316,521 0 0
INDEPENDENCE RLTY TR INC COM 45378A106 1,037 113,014 SH   SOLE   113,014 0 0
EMPIRE ST RLTY TR INC CL A 292104106 2,820 167,935 SH   SOLE   167,935 0 0
QTS RLTY TR INC COM CL A 74736A103 2,317 63,977 SH   SOLE   63,977 0 0
COLUMBIA PPTY TR INC COM NEW 198287203 3,231 157,900 SH   SOLE   157,900 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 8,816 263,397 SH   SOLE   263,397 0 0
ASHFORD HOSPITALITY PRIME IN COM 044102101 321 33,043 SH   SOLE   33,043 0 0
CATCHMARK TIMBER TR INC CL A 14912Y202 740 59,333 SH   SOLE   59,333 0 0
BLUEROCK RESIDENTIAL GRW REI COM CL A 09627J102 208 24,509 SH   SOLE   24,509 0 0
FARMLAND PARTNERS INC COM 31154R109 328 39,335 SH   SOLE   39,335 0 0
CITY OFFICE REIT INC COM 178587101 500 43,224 SH   SOLE   43,224 0 0
CARETRUST REIT INC COM 14174T107 1,340 100,001 SH   SOLE   100,001 0 0
GEO GROUP INC NEW COM 36162J106 3,255 158,990 SH   SOLE   158,990 0 0
EQUITY COMWLTH COM SH BEN INT 294628102 4,877 159,006 SH   SOLE   159,006 0 0
KITE RLTY GROUP TR COM NEW 49803T300 1,637 107,478 SH   SOLE   107,478 0 0
NEW SR INVT GROUP INC COM 648691103 887 108,441 SH   SOLE   108,441 0 0
DCT INDUSTRIAL TRUST INC COM NEW 233153204 6,900 122,467 SH   SOLE   122,467 0 0
STORE CAP CORP COM 862121100 5,563 224,140 SH   SOLE   224,140 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 6,908 108,519 SH   SOLE   108,519 0 0
PARAMOUNT GROUP INC COM 69924R108 3,853 270,574 SH   SOLE   270,574 0 0
OUTFRONT MEDIA INC COM 69007J106 3,393 181,058 SH   SOLE   181,058 0 0
EDUCATION RLTY TR INC COM NEW 28140H203 3,234 98,738 SH   SOLE   98,738 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 57,803 527,351 SH   SOLE   527,351 0 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 7,015 265,204 SH   SOLE   265,204 0 0
URBAN EDGE PPTYS COM 91704F104 2,866 134,254 SH   SOLE   134,254 0 0
IRON MTN INC NEW COM 46284V101 12,133 369,218 SH   SOLE   369,218 0 0
EQUINIX INC COM PAR $0.001 29444U700 42,596 101,871 SH   SOLE   101,871 0 0
XENIA HOTELS & RESORTS INC COM 984017103 2,770 140,450 SH   SOLE   140,450 0 0
EASTERLY GOVT PPTYS INC COM 27616P103 1,156 56,686 SH   SOLE   56,686 0 0
NEXPOINT RESIDENTIAL TR INC COM 65341D102 580 23,360 SH   SOLE   23,360 0 0
NATIONAL STORAGE AFFILIATES COM SHS BEN IN 637870106 1,677 66,878 SH   SOLE   66,878 0 0
APPLE HOSPITALITY REIT INC COM NEW 03784Y200 4,838 275,335 SH   SOLE   275,335 0 0
COMMUNITY HEALTHCARE TR INC COM 20369C106 603 23,436 SH   SOLE   23,436 0 0
HERSHA HOSPITALITY TR PR SHS BEN INT 427825500 962 53,731 SH   SOLE   53,731 0 0
TIER REIT INC COM NEW 88650V208 1,199 64,875 SH   SOLE   64,875 0 0
VEREIT INC COM 92339V100 8,873 1,274,802 SH   SOLE   1,274,802 0 0
WELLTOWER INC COM 95040Q104 26,462 486,168 SH   SOLE   486,168 0 0
NORTHSTAR REALTY EUROPE CORP COM 66706L101 931 71,499 SH   SOLE   71,499 0 0
FOUR CORNERS PPTY TR INC COM 35086T109 1,929 83,563 SH   SOLE   83,563 0 0
CORENERGY INFRASTRUCTURE TR COM NEW 21870U502 611 16,269 SH   SOLE   16,269 0 0
FOREST CITY RLTY TR INC COM CL A 345605109 6,446 318,182 SH   SOLE   318,182 0 0
GLOBAL MED REIT INC COM NEW 37954A204 153 21,950 SH   SOLE   21,950 0 0
LIFE STORAGE INC COM 53223X107 5,009 59,970 SH   SOLE   59,970 0 0
WASHINGTON PRIME GROUP NEW COM 93964W108 1,623 243,395 SH   SOLE   243,395 0 0
MEDEQUITIES RLTY TR INC COM 58409L306 396 37,703 SH   SOLE   37,703 0 0
QUALITY CARE PPTYS INC COM 747545101 2,381 122,517 SH   SOLE   122,517 0 0
CORECIVIC INC COM 21871N101 3,006 154,001 SH   SOLE   154,001 0 0
PARK HOTELS RESORTS INC COM 700517105 6,376 235,963 SH   SOLE   235,963 0 0
GRAMERCY PPTY TR COM NEW 385002308 4,527 208,337 SH   SOLE   208,337 0 0
COLONY NORTHSTAR INC CL A COM 19625W104 3,928 698,886 SH   SOLE   698,886 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104 26,081 152,589 SH   SOLE   152,589 0 0
GGP INC COM 36174X101 16,520 807,416 SH   SOLE   807,416 0 0
INVITATION HOMES INC COM 46187W107 8,769 384,097 SH   SOLE   384,097 0 0
CLIPPER RLTY INC COM 18885T306 180 21,288 SH   SOLE   21,288 0 0
GLOBAL NET LEASE INC COM NEW 379378201 1,480 87,682 SH   SOLE   87,682 0 0
UNITI GROUP INC COM 91325V108 3,512 216,152 SH   SOLE   216,152 0 0
SAFETY INCOME & GROWTH INC COM 78649D104 242 15,159 SH   SOLE   15,159 0 0
JBG SMITH PPTYS COM 46590V100 3,805 112,864 SH   SOLE   112,864 0 0
INDUSTRIAL LOGISTICS PPTYS T COM SHS BEN INT 456237106 565 27,799 SH   SOLE   27,799 0 0
FRONT YD RESIDENTIAL CORP COM 35904G107 598 59,534 SH   SOLE   59,534 0 0
BRIXMOR PPTY GROUP INC COM 11120U105 6,106 400,377 SH   SOLE   400,377 0 0
MACERICH CO COM 554382101 10,036 179,143 SH   SOLE   179,143 0 0
NATIONAL HEALTH INVS INC COM 63633D104 3,543 52,652 SH   SOLE   52,652 0 0