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 40,702 247,732 SH   SOLE   247,732 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 39,560 1,186,576 SH   SOLE   1,186,576 0 0
AMERICOLD RLTY TR COM 03064D108 50,796 1,320,394 SH   SOLE   1,320,394 0 0
AVALONBAY CMNTYS INC COM 053484101 30,924 167,599 SH   SOLE   167,599 0 0
BOSTON PROPERTIES INC COM 101121101 13,741 135,703 SH   SOLE   135,703 0 0
BOWX ACQUISITION CORP CL A 103085106 15,403 1,318,709 SH   SOLE   1,318,709 0 0
BRIXMOR PPTY GROUP INC COM 11120U105 21,886 1,081,860 SH   SOLE   1,081,860 0 0
BROOKDALE SR LIVING INC COM 112463104 3,080 509,103 SH   SOLE   509,103 0 0
CAESARS ENTERTAINMENT INC NE COM 12769G100 12,784 146,184 SH   SOLE   146,184 0 0
CAMDEN PPTY TR SH BEN INT 133131102 49,083 446,571 SH   SOLE   446,571 0 0
CARNIVAL CORP UNIT 99/99/9999 143658300 4,188 157,795 SH   SOLE   157,795 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 35,301 1,340,723 SH   SOLE   1,340,723 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301 7,824 759,588 SH   SOLE   759,588 0 0
DIGITAL RLTY TR INC COM 253868103 16,543 117,463 SH   SOLE   117,463 0 0
ESSEX PPTY TR INC COM 297178105 31,990 117,678 SH   SOLE   117,678 0 0
FEDERAL RLTY INVT TR SH BEN INT NEW 313747206 20,644 203,492 SH   SOLE   203,492 0 0
FIRST INDL RLTY TR INC COM 32054K103 49,807 1,087,737 SH   SOLE   1,087,737 0 0
FOUR CORNERS PPTY TR INC COM 35086T109 39,306 1,434,520 SH   SOLE   1,434,520 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 13,103 308,817 SH   SOLE   308,817 0 0
GDS HLDGS LTD SPONSORED ADS 36165L108 40,996 505,559 SH   SOLE   505,559 0 0
HEALTHCARE RLTY TR COM 421946104 7,091 233,859 SH   SOLE   233,859 0 0
HEALTHPEAK PROPERTIES INC COM 42250P103 21,320 671,692 SH   SOLE   671,692 0 0
HIGHWOODS PPTYS INC COM 431284108 37,868 881,886 SH   SOLE   881,886 0 0
HOME DEPOT INC COM 437076102 7,631 25,000 SH   SOLE   25,000 0 0
HYATT HOTELS CORP COM CL A 448579102 9,072 109,695 SH   SOLE   109,695 0 0
INNOVATIVE INDL PPTYS INC COM 45781V101 5,244 29,109 SH   SOLE   29,109 0 0
INTERNATIONAL GAME TECHNOLOG SHS USD G4863A108 13,465 838,916 SH   SOLE   838,916 0 0
INVITATION HOMES INC COM 46187W107 15,161 473,930 SH   SOLE   473,930 0 0
KILROY RLTY CORP COM 49427F108 30,589 466,090 SH   SOLE   466,090 0 0
LAS VEGAS SANDS CORP COM 517834107 4,782 78,711 SH   SOLE   78,711 0 0
LIFE STORAGE INC COM 53223X107 5,689 66,195 SH   SOLE   66,195 0 0
MADISON SQUARE GRDN SPRT COR CL A 55825T103 2,243 12,500 SH   SOLE   12,500 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 43,696 2,053,388 SH   SOLE   2,053,388 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 36,815 1,128,598 SH   SOLE   1,128,598 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 3,799 103,726 SH   SOLE   103,726 0 0
PENN NATL GAMING INC COM 707569109 322 3,070 SH   SOLE   3,070 0 0
POSTAL REALTY TRUST INC CL A 73757R102 12,766 743,088 SH   SOLE   743,088 0 0
QTS RLTY TR INC COM CL A 74736A103 34,633 558,237 SH   SOLE   558,237 0 0
REGENCY CTRS CORP COM 758849103 35,998 634,776 SH   SOLE   634,776 0 0
ROYAL CARIBBEAN GROUP COM V7780T103 2,485 29,024 SH   SOLE   29,024 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 10,392 134,067 SH   SOLE   134,067 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104 36,262 130,652 SH   SOLE   130,652 0 0
SEAWORLD ENTMT INC COM 81282V100 6,669 134,269 SH   SOLE   134,269 0 0
STAG INDL INC COM 85254J102 56,465 1,680,004 SH   SOLE   1,680,004 0 0
SUN CMNTYS INC COM 866674104 67,671 451,019 SH   SOLE   451,019 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 14,186 1,138,544 SH   SOLE   1,138,544 0 0
TRAVEL PLUS LEISURE CO COM 894164102 11,929 195,041 SH   SOLE   195,041 0 0
VEREIT INC COM 92339V308 32,533 842,389 SH   SOLE   842,389 0 0