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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AGREE RLTY CORP COM 008492100   33,750,480 475,828 SH   DFND N/A 0 475,828 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109   1,071,866,809 7,358,185 SH   DFND N/A 0 7,358,185 0
AMERICOLD REALTY TRUST INC COM 03064D108   511,016,902 18,050,756 SH   DFND N/A 0 18,050,756 0
AVALONBAY CMNTYS INC COM 053484101   74,872,273 463,548 SH   DFND N/A 0 463,548 0
BOSTON PROPERTIES INC COM 101121101   503,528,848 7,450,856 SH   DFND N/A 0 7,450,856 0
COUSINS PPTYS INC COM NEW 222795502   216,063,092 8,543,420 SH   DFND N/A 0 8,543,420 0
DIGITAL RLTY TR INC COM 253868103   1,002,179,799 9,994,812 SH   DFND N/A 0 9,994,812 0
EQUINIX INC COM 29444U700   952,159,468 1,453,612 SH   DFND N/A 0 1,453,612 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108   41,528,304 642,853 SH   DFND N/A 0 642,853 0
EQUITY RESIDENTIAL SH BEN INT 29476L107   698,416,512 11,837,568 SH   DFND N/A 0 11,837,568 0
EXTRA SPACE STORAGE INC COM 30225T102   398,213,299 2,705,621 SH   DFND N/A 0 2,705,621 0
FEDERAL RLTY INVT TR NEW SH BEN INT NEW 313745101   47,033,009 465,489 SH   DFND N/A 0 465,489 0
GULFPORT ENERGY CORP COMMON SHARES 402635502   736,400 10,000 SH   DFND N/A 0 10,000 0
HEALTHCARE RLTY TR CL A COM 42226K105   221,639,146 11,501,772 SH   DFND N/A 0 11,501,772 0
HEALTHPEAK PROPERTIES INC COM 42250P103   67,732,948 2,701,753 SH   DFND N/A 0 2,701,753 0
INVITATION HOMES INC COM 46187W107   510,814,545 17,233,959 SH   DFND N/A 0 17,233,959 0
JBG SMITH PPTYS COM 46590V100   12,497,172 658,439 SH   DFND N/A 0 658,439 0
KILROY RLTY CORP COM 49427F108   223,589,940 5,782,000 SH   DFND N/A 0 5,782,000 0
KIMCO RLTY CORP COM 49446R109   309,903,875 14,631,911 SH   DFND N/A 0 14,631,911 0
LIFE STORAGE INC COM 53223X107   49,017,540 497,640 SH   DFND N/A 0 497,640 0
MACERICH CO COM 554382101   6,262,384 556,162 SH   DFND N/A 0 556,162 0
MID-AMER APT CMNTYS INC COM 59522J103   529,165,879 3,370,698 SH   DFND N/A 0 3,370,698 0
NETSTREIT CORP COM 64119V303   35,702,477 1,947,762 SH   DFND N/A 0 1,947,762 0
PARAMOUNT GROUP INC COM 69924R108   4,087,635 688,154 SH   DFND N/A 0 688,154 0
PARK HOTELS & RESORTS INC COM 700517105   14,017,107 1,188,898 SH   DFND N/A 0 1,188,898 0
PROLOGIS INC. COM 74340W103   2,282,459,641 20,247,136 SH   DFND N/A 0 20,247,136 0
PUBLIC STORAGE COM 74460D109   537,855,526 1,919,610 SH   DFND N/A 0 1,919,610 0
REALTY INCOME CORP COM 756109104   444,842,392 7,013,123 SH   DFND N/A 0 7,013,123 0
REGENCY CTRS CORP COM 758849103   191,537,688 3,064,603 SH   DFND N/A 0 3,064,603 0
RETAIL OPPORTUNITY INVTS COR COM 76131N101   31,018,704 2,063,786 SH   DFND N/A 0 2,063,786 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107   32,736,943 400,305 SH   DFND N/A 0 400,305 0
SIMON PPTY GROUP INC NEW COM 828806109   103,921,281 884,587 SH   DFND N/A 0 884,587 0
SUN CMNTYS INC COM 866674104   82,071,561 573,927 SH   DFND N/A 0 573,927 0
TERRENO RLTY CORP COM 88146M101   66,040,288 1,161,250 SH   DFND N/A 0 1,161,250 0
URBAN EDGE PPTYS COM 91704F104   7,492,259 531,743 SH   DFND N/A 0 531,743 0
VENTAS INC COM 92276F100   855,853,593 18,997,860 SH   DFND N/A 0 18,997,860 0
VICI PPTYS INC COM 925652109   129,840,246 4,007,415 SH   DFND N/A 0 4,007,415 0
WP CAREY INC COM 92936U109   64,756,809 828,622 SH   DFND N/A 0 828,622 0