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
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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
AES Corporation COM 00130H105   44,763,429 2,159,355 SH   DFND 1, 2 1,812,970 0 346,385
Alerian MLP ETF COM 00162Q452   7,681,670 195,911 SH   SOLE   195,911 0 0
Alexandria Real Estate Equitie COM 015271109   133,724,246 1,178,291 SH   DFND 1, 2 873,861 0 304,430
ALLETE, Inc. COM 018522300   34,350,181 592,551 SH   DFND 1 590,385 0 2,166
Alliant Energy Corporation COM 018802108   9,805,573 186,844 SH   DFND 2 41,226 0 145,618
Ameren Corp. COM 023608102   93,123,646 1,140,243 SH   DFND 1 954,648 0 185,595
American Electric Power Co. In COM 025537101   29,958,107 355,797 SH   DFND 1 295,426 0 60,371
American Homes 4 Rent COM 02665T306   6,715,683 189,441 SH   SOLE   0 0 189,441
American Tower Corp. COM 03027X100   190,123,261 980,320 SH   DFND 1, 2 842,435 0 137,885
American Water Works Co. COM 030420103   576,139 4,036 SH   SOLE   0 0 4,036
Americold Realty Trust COM 03064D108   64,207,684 1,987,854 SH   DFND 1, 2 1,559,623 0 428,231
Apartment Income REIT Co COM 03750L109   78,410,758 2,172,645 SH   DFND 1, 2 1,708,437 0 464,208
Atmos Energy Corp. COM 049560105   345,646 2,971 SH   DFND 2 2,971 0 0
AvalonBay Communities Inc. COM 053484101   41,332,215 218,377 SH   SOLE   138,979 0 79,398
Boston Properties Inc. COM 101121101   4,501,868 78,171 SH   SOLE   0 0 78,171
Brandywine Realty Trust SBI COM 105368203   390,302 83,936 SH   SOLE   0 0 83,936
Brixmor Property Group COM 11120U105   29,676,988 1,348,954 SH   DFND 1 958,625 0 390,329
Broadstone Net Lease Inc COM 11135E203   45,180,235 2,926,181 SH   DFND 1, 2 2,375,015 0 551,166
Brookfield Infrastructure Part COM G16252101   15,950,464 436,999 SH   DFND 1 436,999 0 0
Camden Property Trust COM 133131102   61,089,461 561,123 SH   DFND 1 390,395 0 170,728
Cheniere Energy Inc. COM 16411R208   52,035,054 341,527 SH   DFND 1 339,382 0 2,145
Clearway Energy Inc. Class C COM 18539C204   16,412,175 574,656 SH   DFND 1 574,656 0 0
CMS Energy Corporation COM 125896100   69,922,194 1,190,165 SH   DFND 1, 2 982,286 0 207,879
Constellation Energy Corp COM 21037T109   25,831,565 282,158 SH   DFND 1 234,465 0 47,693
Corporate Office Properties Tr COM 22002T108   1,309,385 55,132 SH   SOLE   0 0 55,132
Cousins Properties Inc. COM 222795502   2,101,613 92,176 SH   SOLE   0 0 92,176
Crown Castle Inc COM 22822V101   177,676,669 1,559,388 SH   DFND 1, 2 1,384,210 0 175,178
CSX Corporation COM 126408103   60,193,047 1,765,192 SH   DFND 1, 2 1,447,420 0 317,772
CubeSmart COM 229663109   154,450,983 3,458,374 SH   DFND 1, 2 2,727,156 0 731,218
Diamondrock Hospitality COM 252784301   17,403,912 2,172,773 SH   SOLE   1,747,710 0 425,063
Digital Realty Trust Inc. COM 253868103   52,299,466 459,291 SH   DFND 1, 2 242,440 0 216,851
Dominion Energy Inc. COM 25746U109   19,136,094 369,494 SH   DFND 1 369,494 0 0
DTE Energy Co. COM 233331107   826,470 7,512 SH   DFND 2 7,512 0 0
ELME Communities COM 939653101   7,531,115 458,097 SH   SOLE   397,090 0 61,007
Enbridge Inc COM 29250N105   1,360,879 36,632 SH   SOLE   36,632 0 0
Enlink Midstream LLC COM 29336T100   117,830 11,116 SH   DFND 2 11,116 0 0
EPR Properties COM 26884U109   26,800,862 572,668 SH   DFND 1, 2 385,126 0 187,542
Equinix Inc COM 29444U700   335,367,180 427,797 SH   DFND 1, 2 352,863 0 74,934
Equity Lifestyle Properties COM 29472R108   4,237,415 63,349 SH   SOLE   0 0 63,349
Equity Residential COM 29476L107   11,962,340 181,330 SH   SOLE   0 0 181,330
Essential Properties Realty COM 29670E107   1,807,048 76,765 SH   SOLE   47,376 0 29,389
Essential Utilities COM 29670G102   378,347 9,480 SH   DFND 2 9,480 0 0
Essex Property Trust Inc. COM 297178105   102,692,284 438,294 SH   DFND 1, 2 350,042 0 88,252
Eversource Energy COM 30040W108   6,387,764 90,070 SH   DFND 2 20,297 0 69,773
Extra Space Storage Inc. COM 30225T102   17,487,791 117,486 SH   SOLE   0 0 117,486
Federal Realty Investment Trus COM 313745101   5,315,479 54,929 SH   SOLE   0 0 54,929
FirstEnergy Corp. COM 337932107   21,698,811 558,097 SH   DFND 1 452,454 0 105,643
Four Corners Property Trust COM 35086T109   31,509,691 1,240,539 SH   DFND 1, 2 848,253 0 392,286
Healthcare Realty Trust Inc COM 42226K105   12,572,453 666,620 SH   SOLE   666,620 0 0
Healthpeak Properties Inc. COM 42250P103   95,733,667 4,762,869 SH   DFND 1 3,199,574 0 1,563,295
Highwoods Properties Inc. COM 431284108   1,215,465 50,835 SH   SOLE   0 0 50,835
Hilton Worldwide Holdings Inc. COM 43300A203   24,772,610 170,200 SH   DFND 1 147,371 0 22,829
Host Hotels & Resorts Inc. COM 44107P104   693,362 41,198 SH   SOLE   41,198 0 0
Hudson Pacific Properties COM 444097109   1,918,543 454,631 SH   SOLE   454,631 0 0
Hyatt Hotels Corp. - Cl A COM 448579102   29,752,072 259,662 SH   DFND 1, 2 227,144 0 32,518
Independence Realty Trust Inc COM 45378A106   55,831,236 3,064,283 SH   DFND 1, 2 2,364,191 0 700,092
Inventrust Properties Corp COM 46124J201   768,595 33,215 SH   SOLE   0 0 33,215
Invitation Homes Inc COM 46187W107   166,427,200 4,838,000 SH   DFND 1, 2 3,707,923 0 1,130,077
JBG Smith Properties COM 46590V100   757,595 50,372 SH   SOLE   0 0 50,372
Kilroy Realty Corp. COM 49427F108   1,743,144 57,931 SH   SOLE   0 0 57,931
Kimco Realty Corp. COM 49446R109   5,928,364 300,627 SH   SOLE   0 0 300,627
Kite Realty Group Trust COM 49803T300   11,996,446 536,994 SH   DFND 1 237,281 0 299,713
Life Storage Inc COM 53223X107   69,756,932 524,646 SH   DFND 1, 2 349,876 0 174,770
LXP Industrial Trust COM 529043101   1,380,532 141,593 SH   SOLE   0 0 141,593
Macerich Co. COM 554382101   37,362,214 3,315,192 SH   DFND 1, 2 2,614,052 0 701,140
Medical Properties Trust COM 58463J304   7,871,926 850,100 SH   DFND 1 850,100 0 0
Mid-America Apt. Comm. COM 59522J103   12,899,444 84,943 SH   SOLE   0 0 84,943
National Storage Affiliates Tr COM 637870106   12,630,925 362,645 SH   SOLE   362,645 0 0
Netstreit Corp COM 64119V303   17,974,557 1,005,851 SH   DFND 1 754,418 0 251,433
NexPoint Residential Trust, In COM 65341D102   12,403,124 272,716 SH   DFND 1 217,371 0 55,345
Nextera Energy Inc COM 65339F101   158,006,600 2,129,469 SH   DFND 1, 2 1,775,755 0 353,714
NextEra Energy Partners LP COM 65341B106   52,089,912 888,300 SH   DFND 1 799,578 0 88,722
NiSource Inc. COM 65473P105   40,427,238 1,478,144 SH   DFND 1 1,215,176 0 262,968
NNN REIT Inc. COM 637417106   24,573,741 574,287 SH   SOLE   494,452 0 79,835
OGE Energy Corp. COM 670837103   62,863,328 1,750,580 SH   DFND 1 1,743,761 0 6,819
ONEOK Inc. COM 682680103   16,621,505 269,305 SH   DFND 1, 2 269,305 0 0
Paramount Group Inc COM 69924R108   346,878 78,302 SH   SOLE   0 0 78,302
Park Hotels & Resorts Inc COM 700517105   50,727,612 3,956,912 SH   DFND 1, 2 3,212,570 0 744,342
Pebblebrook Hotel Trust COM 70509V100   15,200,552 1,090,427 SH   SOLE   1,012,007 0 78,420
Pembina Pipeline Corp COM 706327103   752,139 23,923 SH   SOLE   23,923 0 0
PG&E Corp. COM 69331C108   32,575,098 1,885,133 SH   DFND 1 1,537,836 0 347,297
Piedmont Office Realty Trust I COM 720190206   5,504,444 757,145 SH   SOLE   696,892 0 60,253
Plains GP Holdings COM 72651A207   184,915 12,469 SH   DFND 2 12,469 0 0
PPL Corp. COM 69351T106   65,338,869 2,469,345 SH   DFND 1, 2 2,453,915 0 15,430
ProLogis Inc. COM 74340W103   307,273,133 2,505,693 SH   DFND 1 1,717,423 0 788,270
Public Service Enterprise Grou COM 744573106   87,348,839 1,395,126 SH   DFND 1 1,140,290 0 254,836
Public Storage COM 74460D109   232,765,835 797,471 SH   DFND 1, 2 607,155 0 190,316
Realty Income Corp COM 756109104   21,697,253 362,891 SH   SOLE   4,258 0 358,633
Regency Centers Corporation COM 758849103   23,386,307 378,603 SH   DFND 1 141,881 0 236,722
Retail Opportunity Investments COM 76131N101   26,021,327 1,926,079 SH   DFND 1 1,695,783 0 230,296
Rexford Industrial Realty, Inc COM 76169C100   136,904,286 2,621,683 SH   DFND 1, 2 2,094,199 0 527,484
RLJ Lodging Trust COM 74965L101   1,711,855 166,685 SH   DFND 2 166,685 0 0
SBA Communications Corp. COM 78410G104   21,077,645 90,946 SH   SOLE   80,004 0 10,942
Sempra Energy COM 816851109   78,691,541 540,501 SH   DFND 1 440,237 0 100,264
Simon Property Group Inc. COM 828806109   247,534,729 2,143,529 SH   DFND 1, 2 1,581,104 0 562,425
Site Centers Corp COM 82981J109   1,636,266 123,772 SH   SOLE   0 0 123,772
Southern Co. COM 842587107   85,957,760 1,223,598 SH   DFND 1 1,011,373 0 212,225
Spirit Realty Capital Inc. COM 84860W300   85,556,004 2,172,575 SH   DFND 1, 2 1,568,755 0 603,820
STAG Industrial, Inc. COM 85254J102   3,180,475 88,642 SH   SOLE   0 0 88,642
Sun Communities Inc. COM 866674104   162,781,204 1,247,748 SH   DFND 1, 2 989,398 0 258,350
Sunstone Hotel Investors Inc. COM 867892101   49,550,283 4,896,273 SH   DFND 1, 2 3,942,590 0 953,683
Tanger Factory Outlet Centers COM 875465106   13,836,853 626,953 SH   SOLE   356,772 0 270,181
Targa Resources Corp. COM 87612G101   35,911,057 471,893 SH   DFND 1, 2 468,918 0 2,975
Tricon Residential Inc COM 89612W102   26,206,763 2,974,661 SH   DFND 1, 2 2,558,205 0 416,456
UDR Inc. COM 902653104   52,210,835 1,215,336 SH   DFND 1 671,853 0 543,483
Union Pacific Corp COM 907818108   72,543,315 354,527 SH   DFND 1, 2 295,352 0 59,175
Uniti Group Inc COM 91325V108   6,351,576 1,374,800 SH   DFND 1 1,374,800 0 0
Ventas Inc. COM 92276F100   68,589,006 1,451,005 SH   DFND 1 748,597 0 702,408
Veris Residential Inc COM 554489104   11,472,909 714,823 SH   DFND 1 564,545 0 150,278
Vici Properties Inc. COM 925652109   30,612,003 973,974 SH   DFND 1 559,612 0 414,362
Vornado Realty Trust COM 929042109   302,938 16,700 SH   SOLE   0 0 16,700
WEC Energy Group Inc. COM 92939U106   116,435,415 1,319,531 SH   DFND 1, 2 1,092,457 0 227,074
Welltower Inc. COM 95040Q104   202,779,905 2,506,860 SH   DFND 1, 2 1,734,419 0 772,441
Williams Cos. COM 969457100   23,963,668 734,406 SH   DFND 1 734,406 0 0
WP Carey Inc. COM 92936U109   8,935,148 132,255 SH   SOLE   0 0 132,255
Xcel Energy Inc. COM 98389B100   55,095,116 886,201 SH   DFND 1, 2 690,728 0 195,473
AES Corporation UNIT 00130H204   27,040,706 331,300 SH   DFND 1 331,300 0 0
American Electric Power Co. Inc UNIT 02557T307   4,824,276 97,107 SH   DFND 1 97,107 0 0
Nextera Energy Inc UNIT 65339F713   30,611,511 675,900 SH   DFND 1 675,900 0 0