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 REALTY CORP COMM STK 008492100   61,963 903,113 SH   SOLE   118,819 0 784,294
AGREE REALTY CORP COMM STK 008492100   1,392 20,288 SH   OTR   0 0 20,288
ALEXANDRIA REAL ESTATE EQUITIES INC COMM STK 015271109   24,191 192,622 SH   SOLE   42,934 0 149,688
AMERICAN HOMES 4 RENT COMM STK 02665T306   37,554 1,194,081 SH   SOLE   189,194 0 1,004,887
AMERICAN TOWER CORP COMM STK 03027X100   85,429 418,072 SH   SOLE   265,895 0 152,177
APARTMENT INCOME REIT CORP COMM STK 03750L109   18,811 525,306 SH   SOLE   14,879 0 510,427
AVALONBAY COMMUNITIES INC COMM STK 053484101   106,074 631,168 SH   SOLE   105,767 0 525,401
CAMDEN PROPERTY TRUST COMM STK 133131102   8,096 77,221 SH   SOLE   7,116 0 70,105
CORPORATE OFFICE PROPERTIES TRUST COMM STK 22002T108   11,322 477,532 SH   SOLE   9,671 0 467,861
CROWN CASTLE INTL CORP COMM STK 22822V101   17,651 131,885 SH   SOLE   131,885 0 0
CUBESMART COMM STK 229663109   104,653 2,264,243 SH   SOLE   271,122 0 1,993,121
CUBESMART COMM STK 229663109   1,758 38,027 SH   OTR   0 0 38,027
DIGITAL REALTY TRUST INC COMM STK 253868103   130,533 1,327,767 SH   SOLE   221,092 0 1,106,675
DIGITAL REALTY TRUST INC COMM STK 253868103   962 9,787 SH   OTR   0 0 9,787
DOUGLAS EMMETT INC COMM STK 25960P109   12,801 1,038,200 SH   SOLE   16,680 0 1,021,520
EQUINIX INC COMM STK 29444U700   117,754 163,312 SH   SOLE   18,304 0 145,008
EQUITY LIFESTYLE PROPERTIES INC COMM STK 29472R108   53,698 799,907 SH   SOLE   129,232 0 670,675
EQUITY RESIDENTIAL COMM STK 29476L107   5,196 86,600 SH   SOLE   86,600 0 0
ESSEX PROPERTY TRUST INC COMM STK 297178105   105,938 506,539 SH   SOLE   84,818 0 421,721
ESSEX PROPERTY TRUST INC COMM STK 297178105   2,059 9,846 SH   OTR   0 0 9,846
FEDERAL REALTY INVESTMENT TRUST COMM STK 313745101   1,528 15,464 SH   SOLE   15,464 0 0
FIRST INDUSTRIAL REALTY TRUST INC COMM STK 32054K103   60,593 1,138,971 SH   SOLE   135,383 0 1,003,588
FIRST INDUSTRIAL REALTY TRUST INC COMM STK 32054K103   1,877 35,278 SH   OTR   0 0 35,278
GAMING AND LEISURE PROP INC COMM STK 36467J108   71,834 1,379,825 SH   SOLE   165,337 0 1,214,488
GAMING AND LEISURE PROP INC COMM STK 36467J108   1,071 20,572 SH   OTR   0 0 20,572
HEALTHCARE REALTY TRUST INC COMM STK 42226K105   37,970 1,964,300 SH   SOLE   215,453 0 1,748,847
HEALTHPEAK PROPERTIES INC COMM STK 42250P103   1,743 79,326 SH   SOLE   79,326 0 0
HIGHWOODS PROPERTIES INC COMM STK 431284108   20,566 886,827 SH   SOLE   23,233 0 863,594
HOST HOTELS & RESORTS INC COMM STK 44107P104   33,046 2,003,999 SH   SOLE   49,612 0 1,954,387
INVITATION HOMES INC COMM STK 46187W107   114,575 3,668,735 SH   SOLE   592,258 0 3,076,477
INVITATION HOMES INC COMM STK 46187W107   2,206 70,631 SH   OTR   0 0 70,631
KILROY REALTY CORP COMM STK 49427F108   30,260 933,936 SH   SOLE   95,336 0 838,600
LIFE STORAGE INC COMM STK 53223X107   49,777 379,713 SH   SOLE   35,700 0 344,013
MEDICAL PROPERTIES TRUST INC COMM STK 58463J304   27,472 3,342,141 SH   SOLE   323,913 0 3,018,228
NATIONAL HEALTH INVESTORS INC COMM STK 63633D104   29,905 579,772 SH   SOLE   70,449 0 509,323
NATIONAL RETAIL PROPERTIES INC COMM STK 637417106   52,733 1,194,416 SH   SOLE   95,337 0 1,099,079
OUTFRONT MEDIA INC COMM STK 69007J106   36,270 2,234,738 SH   SOLE   279,450 0 1,955,288
OUTFRONT MEDIA INC COMM STK 69007J106   1,179 72,661 SH   OTR   0 0 72,661
PARK HOTELS & RESORTS INC COMM STK 700517105   18,847 1,524,819 SH   SOLE   125,402 0 1,399,417
PROLOGIS INC COMM STK 74340W103   201,608 1,615,835 SH   SOLE   204,248 0 1,411,587
PUBLIC STORAGE COMM STK 74460D109   151,631 501,858 SH   SOLE   112,640 0 389,218
REALTY INCOME CORP COMM STK 756109104   94,940 1,499,372 SH   SOLE   170,873 0 1,328,499
REGENCY CENTERS CORP COMM STK 758849103   25,277 413,162 SH   SOLE   51,409 0 361,753
RETAIL OPPORTUNITY INVESTMENTS CORP COMM STK 76131N101   30,024 2,150,729 SH   SOLE   43,747 0 2,106,982
REXFORD INDUSTRIAL REALTY INC COMM STK 76169C100   94,794 1,589,167 SH   SOLE   234,059 0 1,355,108
REXFORD INDUSTRIAL REALTY INC COMM STK 76169C100   2,245 37,632 SH   OTR   0 0 37,632
SABRA HEALTHCARE REIT INC COMM STK 78573L106   32,298 2,808,546 SH   SOLE   301,500 0 2,507,046
SBA COMMUNICATIONS CORP COMM STK 78410G104   4,182 16,020 SH   SOLE   16,020 0 0
SIMON PROPERTY GROUP INC COMM STK 828806109   78,398 700,173 SH   SOLE   83,545 0 616,628
SUN COMMUNITIES INC COMM STK 866674104   6,343 45,026 SH   SOLE   12,103 0 32,923
TERRENO REALTY CORP COMM STK 88146M101   487 7,538 SH   SOLE   7,538 0 0
URBAN EDGE PROPERTIES COMM STK 91704F104   46,864 3,111,828 SH   SOLE   284,025 0 2,827,803
URBAN EDGE PROPERTIES COMM STK 91704F104   1,542 102,389 SH   OTR   0 0 102,389
VENTAS INC COMM STK 92276F100   54,888 1,266,151 SH   SOLE   257,299 0 1,008,852
VICI PROPERTIES INC COMM STK 925652109   106,453 3,263,435 SH   SOLE   559,431 0 2,704,004
WELLTOWER INC COMM STK 95040Q104   86,195 1,202,324 SH   SOLE   156,928 0 1,045,396
WEYERHAEUSER CO COMM STK 962166104   589 19,547 SH   SOLE   19,547 0 0