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 22,274 338,975 SH   SOLE   23,619 0 315,356
ALEXANDRIA REAL ESTATE EQUITIES INC COMM STK 015271109 8,525 52,545 SH   SOLE   8,493 0 44,052
AMERICAN CAMPUS COMMUNITIES INC COMM STK 024835100 67,260 1,923,922 SH   SOLE   278,994 0 1,644,928
AMERICAN HOMES 4 RENT COMM STK 02665T306 772 28,708 SH   SOLE   28,708 0 0
AMERICAN TOWER CORP COMM STK 03027X100 44,115 170,633 SH   SOLE   170,633 0 0
AVALONBAY COMMUNITIES INC COMM STK 053484101 193,901 1,253,884 SH   SOLE   139,972 0 1,113,912
BOSTON PROPERTIES INC COMM STK 101121101 2,482 27,467 SH   SOLE   27,467 0 0
CAMDEN PROPERTY TRUST COMM STK 133131102 27,140 297,518 SH   SOLE   23,352 0 274,166
CARETRUST REIT INC COMM STK 14174T107 21 1,240 SH   SOLE   1,240 0 0
CORPORATE OFFICE PROPERTIES TRUST COMM STK 22002T108 29,831 1,177,232 SH   SOLE   67,726 0 1,109,506
COUSINS PROPERTIES INC COMM STK 222795502 27,915 935,809 SH   SOLE   60,003 0 875,806
CROWN CASTLE INTL CORP COMM STK 22822V101 12,104 72,328 SH   SOLE   72,328 0 0
CUBESMART COMM STK 229663109 64,913 2,405,089 SH   SOLE   211,225 0 2,193,864
DIGITAL REALTY TRUST INC COMM STK 253868103 140,754 990,458 SH   SOLE   93,661 0 896,797
DOUGLAS EMMETT INC COMM STK 25960P109 66,947 2,183,544 SH   SOLE   198,658 0 1,984,886
DUKE REALTY CORP COMM STK 264411505 104,834 2,962,262 SH   SOLE   335,216 0 2,627,046
EMPIRE STATE REALTY TRUST INC COMM STK 292104106 23,621 3,374,358 SH   SOLE   208,249 0 3,166,109
EQUINIX INC COMM STK 29444U700 296,095 421,607 SH   SOLE   32,100 0 389,507
EQUITY LIFESTYLE PROPERTIES INC COMM STK 29472R108 53,206 851,567 SH   SOLE   82,790 0 768,777
EQUITY RESIDENTIAL COMM STK 29476L107 72,724 1,236,379 SH   SOLE   141,054 0 1,095,325
ESSEX PROPERTY TRUST INC COMM STK 297178105 66,448 289,951 SH   SOLE   40,096 0 249,855
EXTRA SPACE STORAGE INC COMM STK 30225T102 1,597 17,287 SH   SOLE   0 0 17,287
FEDERAL REALTY INVESTMENT TRUST COMM STK 313747206 1,318 15,464 SH   SOLE   15,464 0 0
FIRST INDUSTRIAL REALTY TRUST INC COMM STK 32054K103 86,026 2,237,933 SH   SOLE   143,318 0 2,094,615
HEALTHCARE TRUST OF AMERICA COMM STK 42225P501 65,887 2,484,416 SH   SOLE   344,514 0 2,139,902
HEALTHPEAK PROPERTIES INC COMM STK 42250P103 5,129 186,105 SH   SOLE   54,400 0 131,705
HIGHWOODS PROPERTIES INC COMM STK 431284108 13,929 373,129 SH   SOLE   22,966 0 350,163
INVITATION HOMES INC COMM STK 46187W107 229,655 8,341,982 SH   SOLE   698,280 0 7,643,702
IRON MOUNTAIN INC COMM STK 46284V101 2,538 97,243 SH   SOLE   0 0 97,243
KILROY REALTY CORP COMM STK 49427F108 46,711 795,760 SH   SOLE   82,757 0 713,003
NATIONAL RETAIL PROPERTIES INC COMM STK 637417106 58,768 1,656,360 SH   SOLE   97,476 0 1,558,884
PARK HOTELS & RESORTS INC COMM STK 700517105 15,132 1,530,076 SH   SOLE   74,428 0 1,455,648
PEBBLEBROOK HOTEL TRUST COMM STK 70509V100 21,528 1,576,000 SH   SOLE   103,408 0 1,472,592
PROLOGIS INC COMM STK 74340W103 160,963 1,724,663 SH   SOLE   156,917 0 1,567,746
PUBLIC STORAGE COMM STK 74460D109 194,798 1,015,157 SH   SOLE   132,721 0 882,436
REALTY INCOME CORP COMM STK 756109104 78,025 1,311,338 SH   SOLE   91,966 0 1,219,372
REGENCY CENTERS CORP COMM STK 758849103 42,475 925,591 SH   SOLE   81,237 0 844,354
RETAIL PROPERTIES OF AMERICA COMM STK 76131V202 54,154 7,398,120 SH   SOLE   518,024 0 6,880,096
SABRA HEALTHCARE REIT INC COMM STK 78573L106 12,424 860,978 SH   SOLE   77,920 0 783,058
SBA COMMUNICATIONS CORP COMM STK 78410G104 127,567 428,192 SH   SOLE   49,319 0 378,873
SIMON PROPERTY GROUP INC COMM STK 828806109 64,752 946,942 SH   SOLE   103,103 0 843,839
SIMON PROPERTY GROUP INC COMM STK 828806109 2,271 33,217 SH   OTR   0 0 33,217
SUNSTONE HOTEL INVESTORS INC COMM STK 867892101 33,088 4,059,825 SH   SOLE   246,329 0 3,813,496
URBAN EDGE PROPERTIES COMM STK 91704F104 5,483 461,944 SH   SOLE   27,409 0 434,535
VENTAS INC COMM STK 92276F100 84,300 2,302,032 SH   SOLE   302,428 0 1,999,604
VEREIT INC COMM STK 92339V100 69,597 10,823,818 SH   SOLE   832,176 0 9,991,642
VICI PROPERTIES INC COMM STK 925652109 52,129 2,581,917 SH   SOLE   185,176 0 2,396,741
WEINGARTEN REALTY INVESTORS COMM STK 948741103 26,505 1,400,156 SH   SOLE   70,968 0 1,329,188
WELLTOWER INC COMM STK 95040Q104 125,909 2,433,022 SH   SOLE   239,902 0 2,193,120
WEYERHAEUSER CO COMM STK 962166104 444 19,781 SH   SOLE   19,781 0 0