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 39,385 618,877 SH   SOLE   46,537 0 572,340
ALEXANDRIA REAL ESTATE EQUITIES INC COMM STK 015271109 8,382 52,386 SH   SOLE   8,334 0 44,052
AMERICAN CAMPUS COMMUNITIES INC COMM STK 024835100 78,721 2,254,310 SH   SOLE   288,723 0 1,965,587
AMERICAN HOMES 4 RENT COMM STK 02665T306 724 25,420 SH   SOLE   25,420 0 0
AMERICAN TOWER CORP COMM STK 03027X100 42,580 176,149 SH   SOLE   176,149 0 0
AVALONBAY COMMUNITIES INC COMM STK 053484101 183,971 1,231,897 SH   SOLE   136,720 0 1,095,177
BOSTON PROPERTIES INC COMM STK 101121101 2,206 27,467 SH   SOLE   27,467 0 0
CAMDEN PROPERTY TRUST COMM STK 133131102 25,280 284,108 SH   SOLE   22,608 0 261,500
CARETRUST REIT INC COMM STK 14174T107 2,485 139,673 SH   SOLE   38,973 0 100,700
CORPORATE OFFICE PROPERTIES TRUST COMM STK 22002T108 41,358 1,743,574 SH   SOLE   105,860 0 1,637,714
COUSINS PROPERTIES INC COMM STK 222795502 26,170 915,344 SH   SOLE   45,757 0 869,587
CROWN CASTLE INTL CORP COMM STK 22822V101 12,777 76,739 SH   SOLE   76,739 0 0
CUBESMART COMM STK 229663109 57,293 1,773,226 SH   SOLE   181,815 0 1,591,411
DIGITAL REALTY TRUST INC COMM STK 253868103 181,719 1,238,204 SH   SOLE   116,762 0 1,121,442
DOUGLAS EMMETT INC COMM STK 25960P109 69,752 2,778,982 SH   SOLE   244,985 0 2,533,997
DUKE REALTY CORP COMM STK 264411505 114,916 3,114,251 SH   SOLE   349,224 0 2,765,027
EMPIRE STATE REALTY TRUST INC COMM STK 292104106 47,796 7,809,730 SH   SOLE   425,150 0 7,384,580
EQUINIX INC COMM STK 29444U700 258,630 340,245 SH   SOLE   27,921 0 312,324
EQUITY LIFESTYLE PROPERTIES INC COMM STK 29472R108 72,924 1,189,627 SH   SOLE   113,246 0 1,076,381
EQUITY RESIDENTIAL COMM STK 29476L107 60,704 1,182,628 SH   SOLE   138,618 0 1,044,010
ESSEX PROPERTY TRUST INC COMM STK 297178105 53,945 268,663 SH   SOLE   37,468 0 231,195
EXTRA SPACE STORAGE INC COMM STK 30225T102 1,850 17,287 SH   SOLE   0 0 17,287
FEDERAL REALTY INVESTMENT TRUST COMM STK 313747206 1,136 15,464 SH   SOLE   15,464 0 0
FIRST INDUSTRIAL REALTY TRUST INC COMM STK 32054K103 105,706 2,655,930 SH   SOLE   189,629 0 2,466,301
HEALTHCARE TRUST OF AMERICA COMM STK 42225P501 75,306 2,896,391 SH   SOLE   370,733 0 2,525,658
HEALTHPEAK PROPERTIES INC COMM STK 42250P103 4,831 177,927 SH   SOLE   54,400 0 123,527
HIGHWOODS PROPERTIES INC COMM STK 431284108 16,974 505,639 SH   SOLE   42,912 0 462,727
INVITATION HOMES INC COMM STK 46187W107 224,052 8,004,710 SH   SOLE   678,519 0 7,326,191
IRON MOUNTAIN INC COMM STK 46284V101 2,605 97,243 SH   SOLE   0 0 97,243
KILROY REALTY CORP COMM STK 49427F108 11,317 217,800 SH   SOLE   42,289 0 175,511
NATIONAL RETAIL PROPERTIES INC COMM STK 637417106 38,553 1,117,164 SH   SOLE   69,695 0 1,047,469
PARK HOTELS & RESORTS INC COMM STK 700517105 8,268 827,586 SH   SOLE   64,135 0 763,451
PEBBLEBROOK HOTEL TRUST COMM STK 70509V100 21,164 1,689,075 SH   SOLE   85,823 0 1,603,252
PROLOGIS INC COMM STK 74340W103 153,080 1,521,366 SH   SOLE   165,294 0 1,356,072
PUBLIC STORAGE COMM STK 74460D109 174,949 785,510 SH   SOLE   116,893 0 668,617
REALTY INCOME CORP COMM STK 756109104 76,376 1,257,213 SH   SOLE   96,223 0 1,160,990
REGENCY CENTERS CORP COMM STK 758849103 36,796 967,803 SH   SOLE   81,970 0 885,833
RETAIL PROPERTIES OF AMERICA COMM STK 76131V202 47,458 8,168,326 SH   SOLE   714,870 0 7,453,456
SABRA HEALTHCARE REIT INC COMM STK 78573L106 9,510 689,893 SH   SOLE   54,407 0 635,486
SBA COMMUNICATIONS CORP COMM STK 78410G104 89,563 281,219 SH   SOLE   43,678 0 237,541
SIMON PROPERTY GROUP INC COMM STK 828806109 59,601 921,470 SH   SOLE   101,640 0 819,830
SIMON PROPERTY GROUP INC COMM STK 828806109 2,148 33,217 SH   OTR   0 0 33,217
SUNSTONE HOTEL INVESTORS INC COMM STK 867892101 39,245 4,942,705 SH   SOLE   286,672 0 4,656,033
URBAN EDGE PROPERTIES COMM STK 91704F104 9,409 967,969 SH   SOLE   47,292 0 920,677
VENTAS INC COMM STK 92276F100 99,447 2,370,042 SH   SOLE   307,814 0 2,062,228
VEREIT INC COMM STK 92339V100 68,034 10,466,741 SH   SOLE   814,122 0 9,652,619
VICI PROPERTIES INC COMM STK 925652109 56,942 2,436,540 SH   SOLE   177,166 0 2,259,374
WEINGARTEN REALTY INVESTORS COMM STK 948741103 25,011 1,474,692 SH   SOLE   73,377 0 1,401,315
WELLTOWER INC COMM STK 95040Q104 160,837 2,919,540 SH   SOLE   262,338 0 2,657,202
WEYERHAEUSER CO COMM STK 962166104 583 20,431 SH   SOLE   20,431 0 0