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
ALEXANDRIA REAL ESTATE EQUITIES INC COMM STK 015271109 8,521 67,532 SH   SOLE   0 0 67,532
AMERICAN CAMPUS COMMUNITIES INC COMM STK 024835100 137,465 3,205,801 SH   SOLE   188,713 0 3,017,088
AMERICAN HOMES 4 RENT COMM STK 02665T306 85,351 3,848,099 SH   SOLE   182,057 0 3,666,042
AMERICAN TOWER CORP COMM STK 03027X100 58,013 402,394 SH   SOLE   120,901 0 281,493
AVALONBAY COMMUNITIES INC COMM STK 053484101 334,346 1,945,118 SH   SOLE   191,323 0 1,753,795
BOSTON PROPERTIES INC COMM STK 101121101 219,059 1,746,600 SH   SOLE   188,644 0 1,557,956
BRIXMOR PROPERTY GROUP INC COMM STK 11120U105 100,722 5,778,635 SH   SOLE   354,747 0 5,423,888
CAMDEN PROPERTY TRUST COMM STK 133131102 102,933 1,129,517 SH   SOLE   59,006 0 1,070,511
CORECIVIC INC COMM STK 21871N101 19,325 808,928 SH   SOLE   23,723 0 785,205
CORPORATE OFFICE PROPERTIES TRUST COMM STK 22002T108 798 27,520 SH   SOLE   27,520 0 0
CROWN CASTLE INTL CORP COMM STK 22822V101 138,210 1,281,859 SH   SOLE   77,481 0 1,204,378
CUBESMART COMM STK 229663109 168,683 5,235,347 SH   SOLE   313,415 0 4,921,932
DIGITAL REALTY TRUST INC COMM STK 253868103 118,445 1,061,528 SH   SOLE   35,793 0 1,025,735
DOUGLAS EMMETT INC COMM STK 25960P109 3,436 85,514 SH   SOLE   85,514 0 0
DUKE REALTY CORP COMM STK 264411505 105,982 3,650,781 SH   SOLE   397,741 0 3,253,040
EQUINIX INC COMM STK 29444U700 48,189 112,095 SH   SOLE   8,532 0 103,563
EQUITY LIFESTYLE PROPERTIES INC COMM STK 29472R108 7,003 76,200 SH   SOLE   0 0 76,200
EQUITY RESIDENTIAL COMM STK 29476L107 357,975 5,620,586 SH   SOLE   409,870 0 5,210,716
ESSEX PROPERTY TRUST INC COMM STK 297178105 7,604 31,806 SH   SOLE   31,806 0 0
EXTRA SPACE STORAGE INC COMM STK 30225T102 3,799 38,064 SH   SOLE   0 0 38,064
FEDERAL REALTY INVESTMENT TRUST COMM STK 313747206 5,314 41,995 SH   SOLE   41,995 0 0
FIRST INDUSTRIAL REALTY TRUST INC COMM STK 32054K103 44,639 1,338,914 SH   SOLE   76,223 0 1,262,691
HCP INC COMM STK 40414L109 180,926 7,007,214 SH   SOLE   454,386 0 6,552,828
HEALTHCARE TRUST OF AMERICA COMM STK 42225P501 4,958 183,909 SH   SOLE   0 0 183,909
HUDSON PACIFIC PROPERTIES INC COMM STK 444097109 775 21,883 SH   SOLE   21,883 0 0
INDUSTRIAL LOGISTICS PPTY TRUST COMM STK 456237106 25,971 1,162,008 SH   SOLE   72,467 0 1,089,541
IRON MOUNTAIN INC COMM STK 46284V101 2,706 77,288 SH   SOLE   0 0 77,288
KILROY REALTY CORP COMM STK 49427F108 2,670 35,300 SH   SOLE   35,300 0 0
KIMCO REALTY CORP COMM STK 49446R109 1,592 93,700 SH   SOLE   93,700 0 0
LASALLE HOTEL PROPERTIES COMM STK 517942108 55,393 1,618,257 SH   SOLE   77,476 0 1,540,781
NATIONAL RETAIL PROPERTIES INC COMM STK 637417106 102,635 2,334,732 SH   SOLE   132,021 0 2,202,711
OUTFRONT MEDIA INC COMM STK 69007J106 3,268 168,000 SH   SOLE   0 0 168,000
PARAMOUNT GROUP INC COMM STK 69924R108 1,194 77,559 SH   SOLE   77,559 0 0
PARK HOTELS & RESORTS INC COMM STK 700517105 94,364 3,080,762 SH   SOLE   154,914 0 2,925,848
PROLOGIS INC COMM STK 74340W103 108,323 1,649,000 SH   SOLE   215,087 0 1,433,913
PUBLIC STORAGE COMM STK 74460D109 337,884 1,489,394 SH   SOLE   148,303 0 1,341,091
QTS REALTY TRUST INC COMM STK 74736A103 46,287 1,171,826 SH   SOLE   47,678 0 1,124,148
REALTY INCOME CORP COMM STK 756109104 4,865 90,447 SH   SOLE   8,802 0 81,645
REGENCY CENTERS CORP COMM STK 758849103 184,692 2,975,065 SH   SOLE   260,715 0 2,714,350
RLJ LODGING TRUST COMM STK 74965L101 129,776 5,885,527 SH   SOLE   298,469 0 5,587,058
SIMON PROPERTY GROUP INC COMM STK 828806109 507,523 2,982,094 SH   SOLE   269,693 0 2,712,401
SL GREEN REALTY CORP COMM STK 78440X101 136,854 1,361,325 SH   SOLE   65,354 0 1,295,971
TAUBMAN CENTERS INC COMM STK 876664103 125,491 2,135,653 SH   SOLE   190,327 0 1,945,326
URSTADT BIDDLE PROPERTIES INC COMM STK 917286205 268 11,850 SH   SOLE   11,850 0 0
VENTAS INC COMM STK 92276F100 15,535 272,775 SH   SOLE   125,729 0 147,046
VEREIT INC COMM STK 92339V100 93,998 12,634,145 SH   SOLE   379,942 0 12,254,203
VICI PROPERTIES INC COMM STK 925652109 45,197 2,189,762 SH   SOLE   123,040 0 2,066,722
VORNADO REALTY TRUST COMM STK 929042109 244,052 3,301,575 SH   SOLE   256,012 0 3,045,563
WELLTOWER INC COMM STK 95040Q104 327,919 5,230,804 SH   SOLE   286,339 0 4,944,465
WEYERHAEUSER CO COMM STK 962166104 828 22,706 SH   SOLE   22,706 0 0