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
ACADIA RLTY TR COM SH BEN INT 004239109 47,211 1,302,733 SH   SOLE   1,302,733 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 86,461 794,894 SH   SOLE   781,099 0 13,795
AMERICAN CAMPUS CMNTYS INC COM 024835100 36,903 725,429 SH   SOLE   725,429 0 0
AMERICAN TOWER CORP NEW COM 03027X100 9,461 83,484 SH   SOLE   83,484 0 0
BRIXMOR PPTY GROUP INC COM 11120U105 55,740 2,005,757 SH   SOLE   2,005,757 0 0
CUBESMART COM 229663109 21,188 777,260 SH   SOLE   777,260 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301 60,279 6,624,112 SH   SOLE   6,624,112 0 0
DOUGLAS EMMETT INC COM 25960P109 54,023 1,474,834 SH   SOLE   1,474,834 0 0
EMPIRE ST RLTY TR INC CL A 292104106 101,626 4,850,871 SH   SOLE   4,850,871 0 0
EQUINIX INC COM PAR $0.001 29444U700 106,560 295,795 SH   SOLE   290,499 0 5,296
EQUITY COMWLTH COM SH BEN INT 294628102 50,299 1,664,438 SH   SOLE   1,664,438 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 77,696 1,006,686 SH   SOLE   1,006,686 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 24,981 388,325 SH   SOLE   388,325 0 0
ESSEX PPTY TR INC COM 297178105 12,220 54,874 SH   SOLE   54,874 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 21,123 137,225 SH   SOLE   137,225 0 0
GENERAL GROWTH PPTYS INC NEW COM 370023103 144,672 5,241,727 SH   SOLE   5,241,727 0 0
INTERXION HOLDING N.V SHS N47279109 35,343 975,783 SH   SOLE   975,783 0 0
IRON MTN INC NEW COM 46284V101 47,701 1,271,018 SH   SOLE   1,130,170 0 140,848
KILROY RLTY CORP COM 49427F108 101,935 1,469,866 SH   SOLE   1,469,866 0 0
PROLOGIS INC COM 74340W103 40,407 754,712 SH   SOLE   754,712 0 0
PUBLIC STORAGE COM 74460D109 59,690 267,501 SH   SOLE   267,501 0 0
SIMON PPTY GROUP INC NEW COM 828806109 220,791 1,066,572 SH   SOLE   1,066,572 0 0
TERRENO RLTY CORP COM 88146M101 30,542 1,110,214 SH   SOLE   1,110,214 0 0
URBAN EDGE PPTYS COM 91704F104 44,966 1,597,943 SH   SOLE   1,597,943 0 0
VENTAS INC COM 92276F100 48,271 683,434 SH   SOLE   683,434 0 0
WASHINGTON REAL ESTATE INVT SH BEN INT 939653101 19,010 610,868 SH   SOLE   610,868 0 0