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
AMERICAN TOWER CORP NEW COM 03027X100   28,395,384 134,029 SH   SOLE   134,029 0 0
AMERICOLD REALTY TRUST INC COM 03064D108   1,358,880 48,000 SH   SOLE   48,000 0 0
BOSTON PROPERTIES INC COM 101121101   18,509,486 273,890 SH   SOLE   273,890 0 0
COUSINS PPTYS INC COM NEW 222795502   18,232,698 720,945 SH   SOLE   720,945 0 0
CUBESMART COM 229663109   15,400,777 382,628 SH   SOLE   382,628 0 0
DIGITALBRIDGE GROUP INC CL A NEW 25401T603   965,182 88,225 SH   SOLE   88,225 0 0
ENSIGN GROUP INC COM 29358P101   20,224,590 213,768 SH   SOLE   213,768 0 0
EQUINIX INC COM 29444U700   28,126,989 42,940 SH   SOLE   42,940 0 0
FEDERAL RLTY INVT TR NEW SH BEN INT NEW 313745101   12,891,088 127,584 SH   SOLE   127,584 0 0
GAMING & LEISURE PPTYS INC COM 36467J108   2,261,904 43,423 SH   SOLE   43,423 0 0
HILTON WORLDWIDE HLDGS INC COM 43300A203   1,105,650 8,750 SH   SOLE   8,750 0 0
INVITATION HOMES INC COM 46187W107   677,541 22,859 SH   SOLE   22,859 0 0
JONES LANG LASALLE INC COM 48020Q107   20,075,043 125,965 SH   SOLE   125,965 0 0
KILROY RLTY CORP COM 49427F108   7,778,354 201,147 SH   SOLE   201,147 0 0
KITE RLTY GROUP TR COM NEW 49803T300   8,151,570 387,248 SH   SOLE   387,248 0 0
MARRIOTT VACATIONS WORLDWIDE COM 57164Y107   2,032,309 15,100 SH   SOLE   15,100 0 0
MERITAGE HOMES CORP COM 59001A102   16,860,246 182,866 SH   SOLE   182,866 0 0
MID-AMER APT CMNTYS INC COM 59522J103   958,738 6,107 SH   SOLE   6,107 0 0
NETSTREIT CORP COM 64119V303   1,571,083 85,711 SH   SOLE   85,711 0 0
PULTE GROUP INC COM 745867101   23,214,518 509,873 SH   SOLE   509,873 0 0
RADIUS GLOBAL INFRASTRCTRE I COM CL A 750481103   16,047,187 1,357,630 SH   SOLE   1,357,630 0 0
REALTY INCOME CORP COM 756109104   18,958,656 298,891 SH   SOLE   298,891 0 0
REGENCY CTRS CORP COM 758849103   18,894,377 302,310 SH   SOLE   302,310 0 0
REXFORD INDL RLTY INC COM 76169C100   39,030,226 714,316 SH   SOLE   714,316 0 0
SABRA HEALTH CARE REIT INC COM 78573L106   19,283,441 1,551,363 SH   SOLE   1,551,363 0 0
SAFEHOLD INC COM 78645L100   10,400,651 363,405 SH   SOLE   363,405 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104   736,655 2,628 SH   SOLE   2,628 0 0
SUN CMNTYS INC COM 866674104   17,786,626 124,382 SH   SOLE   124,382 0 0
WELLTOWER INC COM 95040Q104   20,965,185 319,835 SH   SOLE   319,835 0 0
WEST FRASER TIMBER CO LTD COM 952845105   27,368,995 378,600 SH   SOLE   378,600 0 0