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
AGREE REALTY CORP COMM STK 008492100 4,073 68,888 SH   SOLE   1,114 0 67,774
ALEXANDRIA REAL ESTATE EQUITIES INC COMM STK 015271109 105,838 918,415 SH   SOLE   40,574 0 877,841
AMERICAN CAMPUS COMMUNITIES INC COMM STK 024835100 106,632 2,576,280 SH   SOLE   248,099 0 2,328,181
AMERICAN HOMES 4 RENT COMM STK 02665T306 117,532 5,920,993 SH   SOLE   307,495 0 5,613,498
AMERICAN TOWER CORP COMM STK 03027X100 15,945 100,795 SH   SOLE   100,795 0 0
AVALONBAY COMMUNITIES INC COMM STK 053484101 259,655 1,491,841 SH   SOLE   155,205 0 1,336,636
BOSTON PROPERTIES INC COMM STK 101121101 153,242 1,361,548 SH   SOLE   163,103 0 1,198,445
BRIXMOR PROPERTY GROUP INC COMM STK 11120U105 84,526 5,753,986 SH   SOLE   241,397 0 5,512,589
CORECIVIC INC COMM STK 21871N101 389 21,830 SH   SOLE   21,830 0 0
CORESITE REALTY CORP COMM STK 21870Q105 53,158 609,398 SH   SOLE   30,659 0 578,739
CROWN CASTLE INTL CORP COMM STK 22822V101 97,405 896,672 SH   SOLE   83,549 0 813,123
CUBESMART COMM STK 229663109 128,008 4,461,754 SH   SOLE   257,457 0 4,204,297
DIGITAL REALTY TRUST INC COMM STK 253868103 39,162 367,543 SH   SOLE   11,387 0 356,156
DOUGLAS EMMETT INC COMM STK 25960P109 2,919 85,514 SH   SOLE   85,514 0 0
DUKE REALTY CORP COMM STK 264411505 75,930 2,931,646 SH   SOLE   316,653 0 2,614,993
EQUINIX INC COMM STK 29444U700 67,577 191,675 SH   SOLE   13,906 0 177,769
EQUITY LIFESTYLE PROPERTIES INC COMM STK 29472R108 62,893 647,513 SH   SOLE   24,343 0 623,170
EQUITY RESIDENTIAL COMM STK 29476L107 239,789 3,632,620 SH   SOLE   269,507 0 3,363,113
ESSEX PROPERTY TRUST INC COMM STK 297178105 7,799 31,806 SH   SOLE   31,806 0 0
EXTRA SPACE STORAGE INC COMM STK 30225T102 3,444 38,064 SH   SOLE   0 0 38,064
FEDERAL REALTY INVESTMENT TRUST COMM STK 313747206 3,861 32,713 SH   SOLE   32,713 0 0
FIRST INDUSTRIAL REALTY TRUST INC COMM STK 32054K103 31,612 1,095,352 SH   SOLE   50,648 0 1,044,704
HCP INC COMM STK 40414L109 7,151 256,022 SH   SOLE   59,153 0 196,869
HEALTHCARE TRUST OF AMERICA COMM STK 42225P501 61,995 2,449,445 SH   SOLE   98,995 0 2,350,450
HIGHWOODS PROPERTIES INC COMM STK 431284108 153 3,960 SH   SOLE   3,960 0 0
HUDSON PACIFIC PROPERTIES INC COMM STK 444097109 103 3,539 SH   SOLE   3,539 0 0
INDUSTRIAL LOGISTICS PPTY TRUST COMM STK 456237106 18,622 946,715 SH   SOLE   53,427 0 893,288
IRON MOUNTAIN INC COMM STK 46284V101 2,505 77,288 SH   SOLE   0 0 77,288
KILROY REALTY CORP COMM STK 49427F108 2,220 35,300 SH   SOLE   35,300 0 0
MACERICH CO/THE COMM STK 554382101 48,232 1,114,428 SH   SOLE   48,784 0 1,065,644
NATIONAL HEALTH INVESTORS INC COMM STK 63633D104 57,125 756,227 SH   SOLE   32,126 0 724,101
NATIONAL RETAIL PROPERTIES INC COMM STK 637417106 68,441 1,410,862 SH   SOLE   67,044 0 1,343,818
OUTFRONT MEDIA INC COMM STK 69007J106 3,808 210,147 SH   SOLE   0 0 210,147
PARAMOUNT GROUP INC COMM STK 69924R108 132 10,500 SH   SOLE   10,500 0 0
PARK HOTELS & RESORTS INC COMM STK 700517105 66,867 2,573,790 SH   SOLE   142,413 0 2,431,377
PEBBLEBROOK HOTEL TRUST COMM STK 70509V100 56,362 1,990,876 SH   SOLE   124,104 0 1,866,772
PROLOGIS INC COMM STK 74340W103 83,651 1,424,567 SH   SOLE   127,522 0 1,297,045
PUBLIC STORAGE COMM STK 74460D109 268,730 1,327,650 SH   SOLE   132,824 0 1,194,826
REALTY INCOME CORP COMM STK 756109104 3,078 48,822 SH   SOLE   0 0 48,822
REGENCY CENTERS CORP COMM STK 758849103 123,442 2,103,646 SH   SOLE   194,031 0 1,909,615
RLJ LODGING TRUST COMM STK 74965L101 70,692 4,310,506 SH   SOLE   184,636 0 4,125,870
SBA COMMUNICATIONS CORP COMM STK 78410G104 51,574 318,576 SH   SOLE   23,103 0 295,473
SIMON PROPERTY GROUP INC COMM STK 828806109 258,693 1,539,931 SH   SOLE   194,454 0 1,345,477
SIMON PROPERTY GROUP INC COMM STK 828806109 5,580 33,217 SH   OTR   0 0 33,217
SL GREEN REALTY CORP COMM STK 78440X101 76,651 969,287 SH   SOLE   51,199 0 918,088
TAUBMAN CENTERS INC COMM STK 876664103 69,707 1,532,363 SH   SOLE   140,140 0 1,392,223
VENTAS INC COMM STK 92276F100 21,159 361,141 SH   SOLE   125,729 0 235,412
VEREIT INC COMM STK 92339V100 72,405 10,126,614 SH   SOLE   311,005 0 9,815,609
VICI PROPERTIES INC COMM STK 925652109 78,689 4,190,061 SH   SOLE   201,393 0 3,988,668
VORNADO REALTY TRUST COMM STK 929042109 165,476 2,667,681 SH   SOLE   206,860 0 2,460,821
WEINGARTEN REALTY INVESTORS COMM STK 948741103 110 4,451 SH   SOLE   4,451 0 0
WELLTOWER INC COMM STK 95040Q104 237,622 3,423,448 SH   SOLE   185,787 0 3,237,661
WEYERHAEUSER CO COMM STK 962166104 29,871 1,366,469 SH   SOLE   112,805 0 1,253,664