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 4,771 68,812 SH   SOLE   1,038 0 67,774
ALEXANDRIA REAL ESTATE EQUITIES INC COMM STK 015271109 129,180 906,145 SH   SOLE   41,108 0 865,037
AMERICAN CAMPUS COMMUNITIES INC COMM STK 024835100 111,677 2,347,136 SH   SOLE   238,892 0 2,108,244
AMERICAN HOMES 4 RENT COMM STK 02665T306 412 18,115 SH   SOLE   18,115 0 0
AMERICAN TOWER CORP COMM STK 03027X100 19,857 100,766 SH   SOLE   100,766 0 0
AVALONBAY COMMUNITIES INC COMM STK 053484101 277,394 1,381,924 SH   SOLE   151,037 0 1,230,887
BOSTON PROPERTIES INC COMM STK 101121101 158,907 1,186,934 SH   SOLE   157,673 0 1,029,261
BRIXMOR PROPERTY GROUP INC COMM STK 11120U105 84 4,581 SH   SOLE   4,581 0 0
CORECIVIC INC COMM STK 21871N101 3,863 198,588 SH   SOLE   8,683 0 189,905
CORESITE REALTY CORP COMM STK 21870Q105 59,782 558,602 SH   SOLE   32,682 0 525,920
CROWN CASTLE INTL CORP COMM STK 22822V101 65,407 510,992 SH   SOLE   62,649 0 448,343
CUBESMART COMM STK 229663109 134,615 4,201,460 SH   SOLE   250,476 0 3,950,984
DIGITAL REALTY TRUST INC COMM STK 253868103 43,122 362,372 SH   SOLE   12,271 0 350,101
DOUGLAS EMMETT INC COMM STK 25960P109 3,456 85,514 SH   SOLE   85,514 0 0
DUKE REALTY CORP COMM STK 264411505 83,643 2,735,235 SH   SOLE   294,760 0 2,440,475
EQUINIX INC COMM STK 29444U700 51,610 113,890 SH   SOLE   7,274 0 106,616
EQUITY LIFESTYLE PROPERTIES INC COMM STK 29472R108 33,163 290,138 SH   SOLE   8,667 0 281,471
EQUITY RESIDENTIAL COMM STK 29476L107 240,676 3,195,376 SH   SOLE   248,139 0 2,947,237
ESSEX PROPERTY TRUST INC COMM STK 297178105 9,200 31,806 SH   SOLE   31,806 0 0
EXTRA SPACE STORAGE INC COMM STK 30225T102 3,879 38,064 SH   SOLE   0 0 38,064
FEDERAL REALTY INVESTMENT TRUST COMM STK 313747206 4,509 32,713 SH   SOLE   32,713 0 0
FIRST INDUSTRIAL REALTY TRUST INC COMM STK 32054K103 71,956 2,034,957 SH   SOLE   122,556 0 1,912,401
HCP INC COMM STK 40414L109 6,877 219,714 SH   SOLE   58,845 0 160,869
HEALTHCARE TRUST OF AMERICA COMM STK 42225P501 65,822 2,302,266 SH   SOLE   95,753 0 2,206,513
HIGHWOODS PROPERTIES INC COMM STK 431284108 35,625 761,541 SH   SOLE   37,845 0 723,696
HUDSON PACIFIC PROPERTIES INC COMM STK 444097109 108 3,127 SH   SOLE   3,127 0 0
INDUSTRIAL LOGISTICS PPTY TRUST COMM STK 456237106 23,179 1,149,178 SH   SOLE   108,497 0 1,040,681
INVITATION HOMES INC COMM STK 46187W107 80,329 3,301,663 SH   SOLE   176,596 0 3,125,067
IRON MOUNTAIN INC COMM STK 46284V101 2,741 77,288 SH   SOLE   0 0 77,288
KILROY REALTY CORP COMM STK 49427F108 2,681 35,300 SH   SOLE   35,300 0 0
MACERICH CO/THE COMM STK 554382101 65,135 1,502,531 SH   SOLE   67,310 0 1,435,221
NATIONAL HEALTH INVESTORS INC COMM STK 63633D104 60,233 766,805 SH   SOLE   33,971 0 732,834
NATIONAL RETAIL PROPERTIES INC COMM STK 637417106 72,182 1,303,165 SH   SOLE   66,460 0 1,236,705
OMEGA HEALTHCARE INVESTORS INC COMM STK 681936100 18,694 490,000 SH   SOLE   0 0 490,000
OUTFRONT MEDIA INC COMM STK 69007J106 4,917 210,147 SH   SOLE   0 0 210,147
PARAMOUNT GROUP INC COMM STK 69924R108 134 9,468 SH   SOLE   9,468 0 0
PARK HOTELS & RESORTS INC COMM STK 700517105 70,902 2,281,271 SH   SOLE   127,293 0 2,153,978
PEBBLEBROOK HOTEL TRUST COMM STK 70509V100 71,981 2,317,496 SH   SOLE   140,290 0 2,177,206
PROLOGIS INC COMM STK 74340W103 96,918 1,347,025 SH   SOLE   124,064 0 1,222,961
PUBLIC STORAGE COMM STK 74460D109 303,307 1,392,720 SH   SOLE   136,792 0 1,255,928
REALTY INCOME CORP COMM STK 756109104 3,591 48,822 SH   SOLE   0 0 48,822
REGENCY CENTERS CORP COMM STK 758849103 149,733 2,218,594 SH   SOLE   198,947 0 2,019,647
SBA COMMUNICATIONS CORP COMM STK 78410G104 90,539 453,464 SH   SOLE   31,125 0 422,339
SIMON PROPERTY GROUP INC COMM STK 828806109 260,715 1,430,847 SH   SOLE   190,920 0 1,239,927
SIMON PROPERTY GROUP INC COMM STK 828806109 6,052 33,217 SH   OTR   0 0 33,217
SL GREEN REALTY CORP COMM STK 78440X101 96,160 1,069,391 SH   SOLE   60,181 0 1,009,210
SUNSTONE HOTEL INVESTORS INC COMM STK 867892101 49,136 3,412,198 SH   SOLE   151,796 0 3,260,402
TAUBMAN CENTERS INC COMM STK 876664103 75,175 1,421,611 SH   SOLE   136,444 0 1,285,167
VENTAS INC COMM STK 92276F100 220,171 3,450,422 SH   SOLE   297,323 0 3,153,099
VEREIT INC COMM STK 92339V100 79,614 9,511,803 SH   SOLE   308,477 0 9,203,326
VICI PROPERTIES INC COMM STK 925652109 91,721 4,192,008 SH   SOLE   199,523 0 3,992,485
VORNADO REALTY TRUST COMM STK 929042109 138,809 2,058,253 SH   SOLE   179,693 0 1,878,560
WEINGARTEN REALTY INVESTORS COMM STK 948741103 73,989 2,519,210 SH   SOLE   109,326 0 2,409,884
WELLTOWER INC COMM STK 95040Q104 14,799 190,703 SH   SOLE   23,238 0 167,465
WEYERHAEUSER CO COMM STK 962166104 45,735 1,736,327 SH   SOLE   98,810 0 1,637,517