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 44,541 719,563 SH   SOLE   74,372 0 645,191
ALEXANDRIA REAL ESTATE EQUITIES INC COMM STK 015271109 12,396 90,442 SH   SOLE   16,813 0 73,629
AMERICAN CAMPUS COMMUNITIES INC COMM STK 024835100 50,285 1,812,070 SH   SOLE   294,818 0 1,517,252
AMERICAN HOMES 4 RENT COMM STK 02665T306 617 26,579 SH   SOLE   26,579 0 0
AMERICAN TOWER CORP COMM STK 03027X100 34,658 159,162 SH   SOLE   159,162 0 0
AVALONBAY COMMUNITIES INC COMM STK 053484101 164,192 1,115,662 SH   SOLE   143,012 0 972,650
BOSTON PROPERTIES INC COMM STK 101121101 6,004 65,103 SH   SOLE   65,103 0 0
CAMDEN PROPERTY TRUST COMM STK 133131102 38,971 491,807 SH   SOLE   26,397 0 465,410
COUSINS PROPERTIES INC COMM STK 222795502 2,900 99,085 SH   SOLE   6,726 0 92,359
CROWN CASTLE INTL CORP COMM STK 22822V101 11,372 78,752 SH   SOLE   78,752 0 0
CUBESMART COMM STK 229663109 61,889 2,310,144 SH   SOLE   187,480 0 2,122,664
DIGITAL REALTY TRUST INC COMM STK 253868103 122,179 879,558 SH   SOLE   75,476 0 804,082
DOUGLAS EMMETT INC COMM STK 25960P109 2,669 87,485 SH   SOLE   87,485 0 0
DUKE REALTY CORP COMM STK 264411505 108,806 3,360,276 SH   SOLE   358,162 0 3,002,114
EQUINIX INC COMM STK 29444U700 225,769 361,479 SH   SOLE   17,911 0 343,568
EQUITY LIFESTYLE PROPERTIES INC COMM STK 29472R108 10,879 189,264 SH   SOLE   42,451 0 146,813
EQUITY RESIDENTIAL COMM STK 29476L107 80,840 1,310,001 SH   SOLE   175,425 0 1,134,576
ESSEX PROPERTY TRUST INC COMM STK 297178105 50,446 229,049 SH   SOLE   42,044 0 187,005
EXTRA SPACE STORAGE INC COMM STK 30225T102 3,229 33,723 SH   SOLE   0 0 33,723
FEDERAL REALTY INVESTMENT TRUST COMM STK 313747206 12,438 166,705 SH   SOLE   39,088 0 127,617
FIRST INDUSTRIAL REALTY TRUST INC COMM STK 32054K103 78,524 2,363,031 SH   SOLE   146,494 0 2,216,537
HEALTHCARE TRUST OF AMERICA COMM STK 42225P501 63,715 2,624,194 SH   SOLE   213,181 0 2,411,013
HEALTHPEAK PROPERTIES INC COMM STK 42250P103 4,932 206,795 SH   SOLE   54,400 0 152,395
HIGHWOODS PROPERTIES INC COMM STK 431284108 46,381 1,309,466 SH   SOLE   77,043 0 1,232,423
HUDSON PACIFIC PROPERTIES INC COMM STK 444097109 47,787 1,884,340 SH   SOLE   143,264 0 1,741,076
INVITATION HOMES INC COMM STK 46187W107 164,018 7,675,139 SH   SOLE   587,367 0 7,087,772
IRON MOUNTAIN INC COMM STK 46284V101 2,314 97,243 SH   SOLE   0 0 97,243
KILROY REALTY CORP COMM STK 49427F108 92,960 1,459,344 SH   SOLE   122,332 0 1,337,012
NATIONAL RETAIL PROPERTIES INC COMM STK 637417106 76,253 2,368,840 SH   SOLE   162,208 0 2,206,632
PARK HOTELS & RESORTS INC COMM STK 700517105 10,516 1,329,411 SH   SOLE   79,767 0 1,249,644
PEBBLEBROOK HOTEL TRUST COMM STK 70509V100 17,255 1,584,441 SH   SOLE   111,849 0 1,472,592
PROLOGIS INC COMM STK 74340W103 118,664 1,476,477 SH   SOLE   152,412 0 1,324,065
PUBLIC STORAGE COMM STK 74460D109 190,945 961,407 SH   SOLE   144,971 0 816,436
REALTY INCOME CORP COMM STK 756109104 47,270 948,047 SH   SOLE   74,372 0 873,675
REGENCY CENTERS CORP COMM STK 758849103 64,580 1,680,446 SH   SOLE   177,332 0 1,503,114
SBA COMMUNICATIONS CORP COMM STK 78410G104 79,733 295,342 SH   SOLE   46,032 0 249,310
SIMON PROPERTY GROUP INC COMM STK 828806109 63,185 1,151,758 SH   SOLE   148,732 0 1,003,026
SIMON PROPERTY GROUP INC COMM STK 828806109 1,822 33,217 SH   OTR   0 0 33,217
SITE CENTERS CORP COMM STK 82981J109 1,854 355,806 SH   SOLE   18,212 0 337,594
SUNSTONE HOTEL INVESTORS INC COMM STK 867892101 30,755 3,530,949 SH   SOLE   230,389 0 3,300,560
VENTAS INC COMM STK 92276F100 77,806 2,903,216 SH   SOLE   406,570 0 2,496,646
VEREIT INC COMM STK 92339V100 14,208 2,905,427 SH   SOLE   249,604 0 2,655,823
VICI PROPERTIES INC COMM STK 925652109 66,649 4,005,340 SH   SOLE   327,836 0 3,677,504
VORNADO REALTY TRUST COMM STK 929042109 66,529 1,837,304 SH   SOLE   180,158 0 1,657,146
WEINGARTEN REALTY INVESTORS COMM STK 948741103 13,955 967,071 SH   SOLE   45,709 0 921,362
WELLTOWER INC COMM STK 95040Q104 116,857 2,552,575 SH   SOLE   242,502 0 2,310,073
WEYERHAEUSER CO COMM STK 962166104 335 19,781 SH   SOLE   19,781 0 0