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 EQ IN COM 015271109 640,263 4,491,182 SH   DFND 1,2,3 0 4,491,182 0
AMERICOLD RLTY TR COM 03064D108 92,369 3,027,505 SH   DFND 1,2,3 0 3,027,505 0
AVALONBAY CMNTYS INC COM 053484101 539,964 2,690,000 SH   DFND 1,2,3 0 2,690,000 0
BOSTON PROPERTIES INC COM 101121101 874,543 6,532,292 SH   DFND 1,2,3 0 6,532,292 0
CAMDEN PPTY TR SH BEN INT 133131102 136,966 1,349,416 SH   DFND 1,2,3 0 1,349,416 0
COUSINS PPTYS INC COM 222795106 39,680 4,107,652 SH   DFND 1,2,3 0 4,107,652 0
CYRUSONE INC COM 23283R100 91,665 1,748,000 SH   DFND 1,2,3 0 1,748,000 0
DIGITAL RLTY TR INC COM 253868103 1,069,989 8,991,500 SH   DFND 1,2,3 0 8,991,500 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 129,544 1,133,364 SH   DFND 1,2,3 0 1,133,364 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 1,101,366 14,622,493 SH   DFND 1,2,3 0 14,622,493 0
EXTRA SPACE STORAGE INC COM 30225T102 131,003 1,285,473 SH   DFND 1,2,3 0 1,285,473 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 139,711 1,013,500 SH   DFND 1,2,3 0 1,013,500 0
HCP INC COM 40414L109 169,223 5,406,500 SH   DFND 1,2,3 0 5,406,500 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 138,730 4,852,400 SH   DFND 1,2,3 0 4,852,400 0
HIGHWOODS PPTYS INC COM 431284108 75,386 1,611,500 SH   DFND 1,2,3 0 1,611,500 0
HILTON WORLDWIDE HLDGS INC COM 43300A203 83,775 1,008,000 SH   DFND 1,2,3 0 1,008,000 0
INVITATION HOMES INC COM 46187W107 443,341 18,222,000 SH   DFND 1,2,3 0 18,222,000 0
JBG SMITH PPTYS COM 46590V100 172,086 4,161,703 SH   DFND 1,2,3 0 4,161,703 0
KILROY RLTY CORP COM 49427F108 101,815 1,340,383 SH   DFND 1,2,3 0 1,340,383 0
KIMCO RLTY CORP COM 49446R109 325,191 17,577,900 SH   DFND 1,2,3 0 17,577,900 0
MACERICH CO COM 554382101 55,705 1,285,000 SH   DFND 1,2,3 0 1,285,000 0
MID AMER APT CMNTYS INC COM 59522J103 301,969 2,762,000 SH   DFND 1,2,3 0 2,762,000 0
PARK HOTELS RESORTS INC COM 700517105 62,564 2,013,000 SH   DFND 1,2,3 0 2,013,000 0
PROLOGIS INC COM 74340W103 1,792,326 24,910,719 SH   DFND 1,2,3 0 24,910,719 0
PUBLIC STORAGE COM 74460D109 1,071,483 4,920,023 SH   DFND 1,2,3 0 4,920,023 0
REALTY INCOME CORP COM 756109104 223,917 3,044,000 SH   DFND 1,2,3 0 3,044,000 0
REGENCY CTRS CORP COM 758849103 225,417 3,340,000 SH   DFND 1,2,3 0 3,340,000 0
REXFORD INDL RLTY INC COM 76169C100 43,724 1,221,000 SH   DFND 1,2,3 0 1,221,000 0
SABRA HEALTH CARE REIT INC COM 78573L106 54,312 2,789,500 SH   DFND 1,2,3 0 2,789,500 0
SIMON PPTY GROUP INC NEW COM 828806109 1,221,335 6,702,900 SH   DFND 1,2,3 0 6,702,900 0
SL GREEN RLTY CORP COM 78440X101 33,225 369,500 SH   DFND 1,2,3 0 369,500 0
STORE CAP CORP COM 862121100 102,108 3,048,000 SH   DFND 1,2,3 0 3,048,000 0
TERRENO RLTY CORP COM 88146M101 64,468 1,533,500 SH   DFND 1,2,3 0 1,533,500 0
TIER REIT INC COM NEW 88650V208 53,853 1,879,040 SH   DFND 1,2,3 0 1,879,040 0
UDR INC COM 902653104 138,593 3,048,691 SH   DFND 1,2,3 0 3,048,691 0
URBAN EDGE PPTYS COM 91704F104 27,751 1,460,563 SH   DFND 1,2,3 0 1,460,563 0
VENTAS INC COM 92276F100 1,119,021 17,536,763 SH   DFND 1,2,3 0 17,536,763 0
VEREIT INC COM 92339V100 72,256 8,632,700 SH   DFND 1,2,3 0 8,632,700 0
VICI PPTYS INC COM 925652109 101,720 4,649,000 SH   DFND 1,2,3 0 4,649,000 0
VORNADO RLTY TR SH BEN INT 929042109 348,625 5,169,407 SH   DFND 1,2,3 0 5,169,407 0
XENIA HOTELS & RESORTS INC COM 984017103 43,864 2,002,000 SH   DFND 1,2,3 0 2,002,000 0