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 66,625 923,680 SH   SOLE   109,752 0 813,928
AGREE REALTY CORP COMM STK 008492100 1,175 16,293 SH   OTR   0 0 16,293
ALEXANDRIA REAL ESTATE EQUITIES INC COMM STK 015271109 49,633 342,227 SH   SOLE   44,878 0 297,349
AMERICAN HOMES 4 RENT COMM STK 02665T306 40,298 1,137,070 SH   SOLE   177,937 0 959,133
AMERICAN TOWER CORP COMM STK 03027X100 54,720 214,093 SH   SOLE   214,093 0 0
AMERICOLD REALTY TRUST COMM STK 03064D108 31,678 1,054,520 SH   SOLE   97,757 0 956,763
APARTMENT INCOME REIT CORP COMM STK 03750L109 37,106 891,972 SH   SOLE   29,475 0 862,497
AVALONBAY COMMUNITIES INC COMM STK 053484101 136,492 702,662 SH   SOLE   122,137 0 580,525
AVALONBAY COMMUNITIES INC COMM STK 053484101 2,021 10,405 SH   OTR   0 0 10,405
CAMDEN PROPERTY TRUST COMM STK 133131102 24,954 185,556 SH   SOLE   8,363 0 177,193
CARETRUST REIT INC COMM STK 14174T107 668 36,222 SH   SOLE   36,222 0 0
CORPORATE OFFICE PROPERTIES TRUST COMM STK 22002T108 19,002 725,551 SH   SOLE   32,499 0 693,052
CROWN CASTLE INTL CORP COMM STK 22822V101 20,046 119,054 SH   SOLE   119,054 0 0
CUBESMART COMM STK 229663109 107,496 2,516,285 SH   SOLE   356,737 0 2,159,548
CUBESMART COMM STK 229663109 1,630 38,153 SH   OTR   0 0 38,153
DIGITAL REALTY TRUST INC COMM STK 253868103 69,959 538,851 SH   SOLE   69,637 0 469,214
DOUGLAS EMMETT INC COMM STK 25960P109 13,796 616,462 SH   SOLE   72,618 0 543,844
DUKE REALTY CORP COMM STK 264411505 82,386 1,499,282 SH   SOLE   182,638 0 1,316,644
EQUINIX INC COMM STK 29444U700 183,629 279,488 SH   SOLE   42,859 0 236,629
EQUITY LIFESTYLE PROPERTIES INC COMM STK 29472R108 67,338 955,551 SH   SOLE   165,711 0 789,840
EQUITY RESIDENTIAL COMM STK 29476L107 7,405 102,531 SH   SOLE   102,531 0 0
ESSEX PROPERTY TRUST INC COMM STK 297178105 87,920 336,203 SH   SOLE   38,295 0 297,908
FEDERAL REALTY INVESTMENT TRUST COMM STK 313745101 1,481 15,464 SH   SOLE   15,464 0 0
FIRST INDUSTRIAL REALTY TRUST INC COMM STK 32054K103 40,081 844,175 SH   SOLE   96,309 0 747,866
FIRST INDUSTRIAL REALTY TRUST INC COMM STK 32054K103 753 15,855 SH   OTR   0 0 15,855
GAMING AND LEISURE PROP INC COMM STK 36467J108 23,928 521,762 SH   SOLE   52,065 0 469,697
HEALTHCARE REALTY TRUST INC COMM STK 42226K105 21,579 773,149 SH   SOLE   61,481 0 711,668
HEALTHPEAK PROPERTIES INC COMM STK 42250P103 3,773 145,609 SH   SOLE   54,400 0 91,209
HIGHWOODS PROPERTIES INC COMM STK 431284108 17,663 516,611 SH   SOLE   24,882 0 491,729
HOST HOTELS & RESORTS INC COMM STK 44107P104 30,929 1,972,541 SH   SOLE   47,154 0 1,925,387
INVITATION HOMES INC COMM STK 46187W107 130,289 3,661,851 SH   SOLE   556,100 0 3,105,751
INVITATION HOMES INC COMM STK 46187W107 1,733 48,708 SH   OTR   0 0 48,708
KILROY REALTY CORP COMM STK 49427F108 37,741 721,216 SH   SOLE   69,941 0 651,275
MEDICAL PROPERTIES TRUST INC COMM STK 58463J304 41,699 2,730,773 SH   SOLE   309,932 0 2,420,841
NATIONAL HEALTH INVESTORS INC COMM STK 63633D104 48,828 805,602 SH   SOLE   108,579 0 697,023
NATIONAL HEALTH INVESTORS INC COMM STK 63633D104 1,009 16,643 SH   OTR   0 0 16,643
NATIONAL RETAIL PROPERTIES INC COMM STK 637417106 58,459 1,359,505 SH   SOLE   133,157 0 1,226,348
OMEGA HEALTHCARE INVESTORS INC COMM STK 681936100 26,657 945,633 SH   SOLE   107,892 0 837,741
OUTFRONT MEDIA INC COMM STK 69007J106 63,899 3,769,858 SH   SOLE   467,211 0 3,302,647
OUTFRONT MEDIA INC COMM STK 69007J106 1,370 80,849 SH   OTR   0 0 80,849
PARK HOTELS & RESORTS INC COMM STK 700517105 34,009 2,506,182 SH   SOLE   110,683 0 2,395,499
PROLOGIS INC COMM STK 74340W103 118,963 1,011,161 SH   SOLE   114,908 0 896,253
PUBLIC STORAGE COMM STK 74460D109 181,942 581,899 SH   SOLE   111,738 0 470,161
REALTY INCOME CORP COMM STK 756109104 81,078 1,187,775 SH   SOLE   104,409 0 1,083,366
REGENCY CENTERS CORP COMM STK 758849103 2,502 42,185 SH   SOLE   42,185 0 0
RETAIL OPPORTUNITY INVESTMENTS CORP COMM STK 76131N101 27,725 1,756,948 SH   SOLE   24,781 0 1,732,167
REXFORD INDUSTRIAL REALTY INC COMM STK 76169C100 72,629 1,261,143 SH   SOLE   102,655 0 1,158,488
REXFORD INDUSTRIAL REALTY INC COMM STK 76169C100 1,366 23,713 SH   OTR   0 0 23,713
RLJ LODGING TRUST COMM STK 74965L101 206 18,717 SH   SOLE   18,717 0 0
SABRA HEALTHCARE REIT INC COMM STK 78573L106 25,979 1,859,658 SH   SOLE   207,546 0 1,652,112
SBA COMMUNICATIONS CORP COMM STK 78410G104 22,663 70,810 SH   SOLE   31,750 0 39,060
SIMON PROPERTY GROUP INC COMM STK 828806109 73,709 776,539 SH   SOLE   69,673 0 706,866
SITE CENTERS CORP COMM STK 82981J109 28,127 2,088,105 SH   SOLE   112,824 0 1,975,281
STORE CAPITAL CORP COMM STK 862121100 39,969 1,532,564 SH   SOLE   124,805 0 1,407,759
SUN COMMUNITIES INC COMM STK 866674104 17,727 111,241 SH   SOLE   13,537 0 97,704
TERRENO REALTY CORP COMM STK 88146M101 491 8,807 SH   SOLE   8,807 0 0
URBAN EDGE PROPERTIES COMM STK 91704F104 49,904 3,280,978 SH   SOLE   329,624 0 2,951,354
URBAN EDGE PROPERTIES COMM STK 91704F104 1,022 67,198 SH   OTR   0 0 67,198
VENTAS INC COMM STK 92276F100 15,293 297,349 SH   SOLE   174,487 0 122,862
VICI PROPERTIES INC COMM STK 925652109 119,483 4,010,858 SH   SOLE   695,020 0 3,315,838
VICI PROPERTIES INC COMM STK 925652109 1,651 55,435 SH   OTR   0 0 55,435
WELLTOWER INC COMM STK 95040Q104 100,865 1,224,834 SH   SOLE   151,106 0 1,073,728
WEYERHAEUSER CO COMM STK 962166104 658 19,876 SH   SOLE   19,876 0 0