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
ALEXANDRIA REAL ESTATE EQUITIES INC COMM STK 015271109 10,681 84,911 SH   SOLE   0 0 84,911
AMERICAN CAMPUS COMMUNITIES INC COMM STK 024835100 130,221 3,163,783 SH   SOLE   162,725 0 3,001,058
AMERICAN HOMES 4 RENT COMM STK 02665T306 78,707 3,595,548 SH   SOLE   180,662 0 3,414,886
AMERICAN TOWER CORP COMM STK 03027X100 14,597 100,462 SH   SOLE   100,462 0 0
AVALONBAY COMMUNITIES INC COMM STK 053484101 320,701 1,770,359 SH   SOLE   168,979 0 1,601,380
BOSTON PROPERTIES INC COMM STK 101121101 201,901 1,640,273 SH   SOLE   165,787 0 1,474,486
BRIXMOR PROPERTY GROUP INC COMM STK 11120U105 90,625 5,175,595 SH   SOLE   230,805 0 4,944,790
CAMDEN PROPERTY TRUST COMM STK 133131102 95,493 1,020,552 SH   SOLE   36,891 0 983,661
CORPORATE OFFICE PROPERTIES TRUST COMM STK 22002T108 789 26,442 SH   SOLE   2,463 0 23,979
CROWN CASTLE INTL CORP COMM STK 22822V101 115,880 1,040,865 SH   SOLE   69,993 0 970,872
CUBESMART COMM STK 229663109 154,264 5,407,063 SH   SOLE   271,631 0 5,135,432
DIGITAL REALTY TRUST INC COMM STK 253868103 107,414 954,962 SH   SOLE   36,315 0 918,647
DOUGLAS EMMETT INC COMM STK 25960P109 3,226 85,514 SH   SOLE   85,514 0 0
DUKE REALTY CORP COMM STK 264411505 97,872 3,449,859 SH   SOLE   318,568 0 3,131,291
EQUINIX INC COMM STK 29444U700 46,838 108,199 SH   SOLE   8,665 0 99,534
EQUITY COMMONWEALTH COMM STK 294628102 22,386 697,588 SH   SOLE   28,680 0 668,908
EQUITY LIFESTYLE PROPERTIES INC COMM STK 29472R108 72,903 755,861 SH   SOLE   27,121 0 728,740
EQUITY RESIDENTIAL COMM STK 29476L107 301,192 4,545,610 SH   SOLE   312,112 0 4,233,498
ESSEX PROPERTY TRUST INC COMM STK 297178105 7,847 31,806 SH   SOLE   31,806 0 0
EXTRA SPACE STORAGE INC COMM STK 30225T102 3,298 38,064 SH   SOLE   0 0 38,064
FEDERAL REALTY INVESTMENT TRUST COMM STK 313747206 5,281 41,758 SH   SOLE   33,694 0 8,064
FIRST INDUSTRIAL REALTY TRUST INC COMM STK 32054K103 42,121 1,341,418 SH   SOLE   63,631 0 1,277,787
HCP INC COMM STK 40414L109 171,027 6,497,982 SH   SOLE   359,131 0 6,138,851
HEALTHCARE TRUST OF AMERICA COMM STK 42225P501 4,905 183,909 SH   SOLE   0 0 183,909
HUDSON PACIFIC PROPERTIES INC COMM STK 444097109 715 21,861 SH   SOLE   1,946 0 19,915
INDUSTRIAL LOGISTICS PPTY TRUST COMM STK 456237106 24,576 1,068,067 SH   SOLE   57,670 0 1,010,397
IRON MOUNTAIN INC COMM STK 46284V101 2,668 77,288 SH   SOLE   0 0 77,288
KILROY REALTY CORP COMM STK 49427F108 2,531 35,300 SH   SOLE   35,300 0 0
KIMCO REALTY CORP COMM STK 49446R109 1,569 93,700 SH   SOLE   93,700 0 0
NATIONAL RETAIL PROPERTIES INC COMM STK 637417106 95,008 2,119,775 SH   SOLE   97,306 0 2,022,469
OUTFRONT MEDIA INC COMM STK 69007J106 4,192 210,147 SH   SOLE   0 0 210,147
PARAMOUNT GROUP INC COMM STK 69924R108 1,133 75,098 SH   SOLE   6,751 0 68,347
PARK HOTELS & RESORTS INC COMM STK 700517105 120,353 3,667,065 SH   SOLE   189,767 0 3,477,298
PROLOGIS INC COMM STK 74340W103 114,387 1,687,380 SH   SOLE   197,981 0 1,489,399
PUBLIC STORAGE COMM STK 74460D109 316,409 1,569,254 SH   SOLE   142,484 0 1,426,770
QTS REALTY TRUST INC COMM STK 74736A103 46,800 1,096,798 SH   SOLE   46,440 0 1,050,358
REALTY INCOME CORP COMM STK 756109104 4,838 85,042 SH   SOLE   820 0 84,222
REGENCY CENTERS CORP COMM STK 758849103 178,644 2,762,398 SH   SOLE   211,382 0 2,551,016
RLJ LODGING TRUST COMM STK 74965L101 148,341 6,733,602 SH   SOLE   350,488 0 6,383,114
SBA COMMUNICATIONS CORP COMM STK 78410G104 63,621 396,070 SH   SOLE   25,875 0 370,195
SIMON PROPERTY GROUP INC COMM STK 828806109 447,335 2,530,889 SH   SOLE   226,758 0 2,304,131
SL GREEN REALTY CORP COMM STK 78440X101 124,605 1,277,612 SH   SOLE   64,870 0 1,212,742
TAUBMAN CENTERS INC COMM STK 876664103 98,804 1,651,407 SH   SOLE   142,031 0 1,509,376
URSTADT BIDDLE PROPERTIES INC COMM STK 917286205 252 11,850 SH   SOLE   11,850 0 0
VENTAS INC COMM STK 92276F100 15,070 277,122 SH   SOLE   125,729 0 151,393
VEREIT INC COMM STK 92339V100 85,805 11,818,906 SH   SOLE   382,185 0 11,436,721
VICI PROPERTIES INC COMM STK 925652109 72,291 3,343,713 SH   SOLE   211,730 0 3,131,983
VORNADO REALTY TRUST COMM STK 929042109 223,905 3,067,190 SH   SOLE   223,004 0 2,844,186
WELLTOWER INC COMM STK 95040Q104 310,055 4,820,512 SH   SOLE   227,571 0 4,592,941
WEYERHAEUSER CO COMM STK 962166104 747 23,156 SH   SOLE   23,156 0 0