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

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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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 203,195 1,252,355 SH   SOLE   995,490 0 256,865
AMERICAN CAMPUS CMNTYS INC COM 024835100 178,753 5,113,079 SH   SOLE   4,046,120 0 1,066,959
AMERICAN TOWER CORP NEW COM 03027X100 205,212 793,735 SH   SOLE   630,891 0 162,844
AMERICOLD RLTY TR COM 03064D108 82,434 2,270,919 SH   SOLE   1,820,391 0 450,528
CAMDEN PPTY TR SH BEN INT 133131102 106,563 1,168,200 SH   SOLE   940,284 0 227,916
CUBESMART COM 229663109 94,823 3,513,263 SH   SOLE   2,797,297 0 715,966
CYRUSONE INC COM 23283R100 104,224 1,432,636 SH   SOLE   1,121,862 0 310,774
DIGITAL RLTY TR INC COM 253868103 29,196 205,443 SH   SOLE   166,752 0 38,691
EASTERLY GOVT PPTYS INC COM 27616P103 126,952 5,490,993 SH   SOLE   4,433,467 0 1,057,526
EMPIRE ST RLTY TR INC CL A 292104106 20,255 2,893,561 SH   SOLE   2,331,220 0 562,341
EQUINIX INC COM 29444U700 202,373 288,157 SH   SOLE   228,899 0 59,258
EQUITY COMWLTH COM SH BEN INT 294628102 68,106 2,115,107 SH   SOLE   1,697,761 0 417,346
EQUITY LIFESTYLE PPTYS INC COM 29472R108 122,416 1,959,276 SH   SOLE   1,555,650 0 403,626
EQUITY RESIDENTIAL SH BEN INT 29476L107 115,614 1,965,552 SH   SOLE   1,564,527 0 401,025
HEALTHCARE RLTY TR COM 421946104 90,628 3,094,152 SH   SOLE   2,452,441 0 641,711
HEALTHPEAK PROPERTIES INC COM 42250P103 210,373 7,633,275 SH   SOLE   6,085,651 0 1,547,624
HOST HOTELS & RESORTS INC COM 44107P104 69,450 6,436,556 SH   SOLE   5,128,441 0 1,308,115
INVITATION HOMES INC COM 46187W107 284,183 10,322,680 SH   SOLE   8,216,373 0 2,106,307
KILROY RLTY CORP COM 49427F108 78,636 1,339,631 SH   SOLE   1,058,398 0 281,233
PROLOGIS INC. COM 74340W103 506,485 5,426,817 SH   SOLE   4,226,162 0 1,200,655
REGENCY CTRS CORP COM 758849103 88,075 1,919,265 SH   SOLE   1,398,261 0 521,004
STORE CAP CORP COM 862121100 74,302 3,120,632 SH   SOLE   2,497,146 0 623,486
TERRENO RLTY CORP COM 88146M101 57,206 1,086,742 SH   SOLE   922,495 0 164,247
URBAN EDGE PPTYS COM 91704F104 78,226 6,590,225 SH   SOLE   5,734,123 0 856,102