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 EQ IN COM 015271109 25,274 184,400 SH   SOLE   184,400 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 16,873 727,298 SH   SOLE   727,298 0 0
BROOKDALE SR LIVING INC COM 112463104 1,517 486,209 SH   SOLE   486,209 0 0
CAMDEN PPTY TR SH BEN INT 133131102 21,007 265,100 SH   SOLE   265,100 0 0
D R HORTON INC COM 23331A109 5,936 174,600 SH   SOLE   174,600 0 0
EQUINIX INC COM 29444U700 14,875 23,817 SH   SOLE   23,817 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 10,719 173,700 SH   SOLE   173,700 0 0
FIRST INDL RLTY TR INC COM 32054K103 3,934 118,400 SH   SOLE   118,400 0 0
HUDSON PAC PPTYS INC COM 444097109 23,240 916,400 SH   SOLE   916,400 0 0
INVITATION HOMES INC COM 46187W107 12,451 582,628 SH   SOLE   582,628 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 8,495 358,900 SH   SOLE   358,900 0 0
MGM RESORTS INTERNATIONAL COM 552953101 8,065 683,500 SH   SOLE   683,500 0 0
PROLOGIS INC. COM 74340W103 25,767 320,608 SH   SOLE   320,608 0 0
QTS RLTY TR INC COM CL A 74736A103 32,436 559,143 SH   SOLE   559,143 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104 37,026 137,150 SH   SOLE   137,150 0 0