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 623,887 4,421,905 SH   DFND 1,2,3 0 4,421,905 0
AMERICOLD RLTY TR COM 03064D108 98,152 3,027,505 SH   DFND 1,2,3 0 3,027,505 0
AVALONBAY CMNTYS INC COM 053484101 546,554 2,690,000 SH   DFND 1,2,3 0 2,690,000 0
BOSTON PROPERTIES INC COM 101121101 842,666 6,532,292 SH   DFND 1,2,3 0 6,532,292 0
CAMDEN PPTY TR SH BEN INT 133131102 140,866 1,349,416 SH   DFND 1,2,3 0 1,349,416 0
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106 4,216 893,144 SH   DFND 1,2,3 0 893,144 0
COUSINS PPTYS INC COM NEW 222795502 87,586 2,421,500 SH   DFND 1,2,3 0 2,421,500 0
CYRUSONE INC COM 23283R100 62,568 1,084,000 SH   DFND 1,2,3 0 1,084,000 0
DIGITAL RLTY TR INC COM 253868103 1,095,977 9,304,500 SH   DFND 1,2,3 0 9,304,500 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 88,154 726,500 SH   DFND 1,2,3 0 726,500 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 1,105,243 14,558,000 SH   DFND 1,2,3 0 14,558,000 0
EXTRA SPACE STORAGE INC COM 30225T102 219,939 2,072,941 SH   DFND 1,2,3 0 2,072,941 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 130,498 1,013,500 SH   DFND 1,2,3 0 1,013,500 0
HCP INC COM 40414L109 172,900 5,406,500 SH   DFND 1,2,3 0 5,406,500 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 133,101 4,852,400 SH   DFND 1,2,3 0 4,852,400 0
HIGHWOODS PPTYS INC COM 431284108 61,826 1,497,000 SH   DFND 1,2,3 0 1,497,000 0
HILTON WORLDWIDE HLDGS INC COM 43300A203 88,064 901,000 SH   DFND 1,2,3 0 901,000 0
INVITATION HOMES INC COM 46187W107 440,243 16,470,000 SH   DFND 1,2,3 0 16,470,000 0
JBG SMITH PPTYS COM 46590V100 163,721 4,161,703 SH   DFND 1,2,3 0 4,161,703 0
KILROY RLTY CORP COM 49427F108 89,162 1,208,000 SH   DFND 1,2,3 0 1,208,000 0
KIMCO RLTY CORP COM 49446R109 319,721 17,300,900 SH   DFND 1,2,3 0 17,300,900 0
MACERICH CO COM 554382101 43,035 1,285,000 SH   DFND 1,2,3 0 1,285,000 0
MID AMER APT CMNTYS INC COM 59522J103 325,253 2,762,000 SH   DFND 1,2,3 0 2,762,000 0
PARK HOTELS RESORTS INC COM 700517105 55,478 2,013,000 SH   DFND 1,2,3 0 2,013,000 0
PROLOGIS INC COM 74340W103 1,974,531 24,650,819 SH   DFND 1,2,3 0 24,650,819 0
PUBLIC STORAGE COM 74460D109 960,238 4,031,734 SH   DFND 1,2,3 0 4,031,734 0
REALTY INCOME CORP COM 756109104 190,771 2,766,000 SH   DFND 1,2,3 0 2,766,000 0
REGENCY CTRS CORP COM 758849103 222,912 3,340,000 SH   DFND 1,2,3 0 3,340,000 0
REXFORD INDL RLTY INC COM 76169C100 49,292 1,221,000 SH   DFND 1,2,3 0 1,221,000 0
SABRA HEALTH CARE REIT INC COM 78573L106 54,925 2,789,500 SH   DFND 1,2,3 0 2,789,500 0
SIMON PPTY GROUP INC NEW COM 828806109 1,033,168 6,467,000 SH   DFND 1,2,3 0 6,467,000 0
STORE CAP CORP COM 862121100 86,908 2,618,500 SH   DFND 1,2,3 0 2,618,500 0
SUN CMNTYS INC COM 866674104 78,006 608,519 SH   DFND 1,2,3 0 608,519 0
TERRENO RLTY CORP COM 88146M101 75,203 1,533,500 SH   DFND 1,2,3 0 1,533,500 0
UDR INC COM 902653104 124,345 2,770,000 SH   DFND 1,2,3 0 2,770,000 0
URBAN EDGE PPTYS COM 91704F104 25,312 1,460,563 SH   DFND 1,2,3 0 1,460,563 0
VENTAS INC COM 92276F100 1,185,467 17,344,063 SH   DFND 1,2,3 0 17,344,063 0
VEREIT INC COM 92339V100 49,549 5,499,300 SH   DFND 1,2,3 0 5,499,300 0
VICI PPTYS INC COM 925652109 159,415 7,233,000 SH   DFND 1,2,3 0 7,233,000 0
VORNADO RLTY TR SH BEN INT 929042109 331,359 5,169,407 SH   DFND 1,2,3 0 5,169,407 0
XENIA HOTELS & RESORTS INC COM 984017103 36,988 1,774,000 SH   DFND 1,2,3 0 1,774,000 0