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 RLTY CORP COM 008492100 43,267 588,427 SH   DFND 1,2,3 0 588,427 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 1,015,132 6,852,982 SH   DFND 1,2,3 0 6,852,982 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 107,732 1,664,074 SH   DFND 1,2,3 0 1,664,074 0
AMERICOLD REALTY TRUST INC COM 03064D108 592,907 19,194,128 SH   DFND 1,2,3 0 19,194,128 0
AVALONBAY CMNTYS INC COM 053484101 103,951 529,689 SH   DFND 1,2,3 0 529,689 0
BOSTON PROPERTIES INC COM 101121101 678,430 7,488,187 SH   DFND 1,2,3 0 7,488,187 0
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106 597 543,086 SH   DFND 1,2,3 0 543,086 0
COUSINS PPTYS INC COM NEW 222795502 235,100 7,929,185 SH   DFND 1,2,3 0 7,929,185 0
DIGITAL RLTY TR INC COM 253868103 1,324,788 10,068,308 SH   DFND 1,2,3 0 10,068,308 0
DUKE REALTY CORP COM NEW 264411505 66,439 1,182,194 SH   DFND 1,2,3 0 1,182,194 0
EQUINIX INC COM 29444U700 1,030,478 1,531,102 SH   DFND 1,2,3 0 1,531,102 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 37,098 516,256 SH   DFND 1,2,3 0 516,256 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 883,893 12,119,742 SH   DFND 1,2,3 0 12,119,742 0
ESSEX PPTY TR INC COM 297178105 113,729 426,383 SH   DFND 1,2,3 0 426,383 0
EXTRA SPACE STORAGE INC COM 30225T102 491,432 2,818,169 SH   DFND 1,2,3 0 2,818,169 0
FEDERAL RLTY INVT TR NEW SH BEN INT NEW 313745101 62,222 637,778 SH   DFND 1,2,3 0 637,778 0
FRONTIER COMMUNICATIONS PARE COM 35909D109 3,864 154,256 SH   DFND 1,2,3 0 154,256 0
GULFPORT ENERGY CORP COMMON SHARES 402635502 20,829 258,742 SH   DFND 1,2,3 0 258,742 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 341,881 11,862,643 SH   DFND 1,2,3 0 11,862,643 0
HEALTHPEAK PROPERTIES INC COM 42250P103 108,199 4,070,696 SH   DFND 1,2,3 0 4,070,696 0
IHEARTMEDIA INC COM CL A 45174J509 411 50,907 SH   DFND 1,2,3 0 50,907 0
INVITATION HOMES INC COM 46187W107 639,012 17,879,464 SH   DFND 1,2,3 0 17,879,464 0
JBG SMITH PPTYS COM 46590V100 20,809 858,831 SH   DFND 1,2,3 0 858,831 0
KILROY RLTY CORP COM 49427F108 311,534 5,782,000 SH   DFND 1,2,3 0 5,782,000 0
KIMCO RLTY CORP COM 49446R109 316,785 15,674,645 SH   DFND 1,2,3 0 15,674,645 0
LIFE STORAGE INC COM 53223X107 71,102 615,391 SH   DFND 1,2,3 0 615,391 0
MID-AMER APT CMNTYS INC COM 59522J103 602,046 3,431,440 SH   DFND 1,2,3 0 3,431,440 0
NETSTREIT CORP COM 64119V303 22,397 1,178,775 SH   DFND 1,2,3 0 1,178,775 0
PARAMOUNT GROUP INC COM 69924R108 6,269 850,591 SH   DFND 1,2,3 0 850,591 0
PARK HOTELS & RESORTS INC COM 700517105 26,013 1,918,388 SH   DFND 1,2,3 0 1,918,388 0
PROLOGIS INC. COM 74340W103 2,436,357 20,297,902 SH   DFND 1,2,3 0 20,297,902 0
PUBLIC STORAGE COM 74460D109 624,463 1,967,619 SH   DFND 1,2,3 0 1,967,619 0
REALTY INCOME CORP COM 756109104 454,204 6,474,754 SH   DFND 1,2,3 0 6,474,754 0
REGENCY CTRS CORP COM 758849103 185,102 3,064,603 SH   DFND 1,2,3 0 3,064,603 0
RETAIL OPPORTUNITY INVTS COR COM 76131N101 46,387 2,872,258 SH   DFND 1,2,3 0 2,872,258 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 37,591 492,281 SH   DFND 1,2,3 0 492,281 0
SIMON PPTY GROUP INC NEW COM 828806109 72,026 752,782 SH   DFND 1,2,3 0 752,782 0
SL GREEN RLTY CORP COM 78440X887 20,877 440,350 SH   DFND 1,2,3 0 440,350 0
SUN CMNTYS INC COM 866674104 114,726 709,632 SH   DFND 1,2,3 0 709,632 0
TERRENO RLTY CORP COM 88146M101 74,256 1,317,992 SH   DFND 1,2,3 0 1,317,992 0
URBAN EDGE PPTYS COM 91704F104 28,592 1,855,391 SH   DFND 1,2,3 0 1,855,391 0
VENTAS INC COM 92276F100 1,027,478 19,481,943 SH   DFND 1,2,3 0 19,481,943 0
VICI PPTYS INC COM 925652109 152,241 4,955,748 SH   DFND 1,2,3 0 4,955,748 0
WP CAREY INC COM 92936U109 85,395 1,024,290 SH   DFND 1,2,3 0 1,024,290 0